Friday, September 17, 2010

Third World America

Macleans.ca
by Luiza Ch. Savage

In February, the board of commissioners of Ohio’s Ashtabula County faced a scene familiar to local governments across America: a budget shortfall. They began to cut spending and reduced the sheriff’s budget by 20 per cent. A law enforcement agency staff that only a few years ago numbered 112, and had subsequently been pared down to 70, was cut again to 49 people and just one squad car for a county of 1,900 sq. km along the shore of Lake Erie. The sheriff’s department adapted. “We have no patrol units. There is no one on the streets. We respond to only crimes in progress. We don’t respond to property crimes,” deputy sheriff Ron Fenton told Maclean’s. The county once had a “very proactive” detective division in narcotics. Now, there is no detective division. “We are down to one evidence officer and he just runs the evidence room in case someone wants to claim property,” said Fenton. “People are getting property stolen, their houses broken into, and there is no one investigating. We are basically just writing up a report for the insurance company.”

If a county without police seems like a weird throwback to an earlier, frontier-like moment in American history, it is not the only one. “Back to the Stone Age” is the name of a seminar organized in March by civil engineers at Indiana’s Purdue University for local county supervisors interested in saving money by breaking up paved roads and turning them back to gravel. While only some paved roads in the state have been broken up, “There are a substantial number of conversations going on,” John Habermann, who manages a program at Purdue that helps local governments take care of infrastructure, told Maclean’s. “We presented a lot of talking points so that the county supervisors can talk logically back to elected officials when the question is posed,” he said. The state of Michigan had similar conversations. It has converted at least 50 miles of paved road to gravel in the last few years.


Welcome to the ground level of America’s economic crisis. The U.S. unemployment rate is 9.5 per cent. One in 10 homeowners are behind on their mortgage payments. Home sales are at record lows. While the economy has been growing for several quarters, the growth is anemic—only 1.6 per cent in the second quarter of this year—and producing few new jobs.

Even with interest rates at unprecedented lows, there is anxiety about the possibility of a double-dip recession. Sales of existing homes are at their lowest level in 15 years, and new home sales plummeted this summer to the lowest levels on record. Property and sales tax revenues have shrunk. And nowhere is this more apparent than at the local government level, where officials are being forced to roll back the everyday hallmarks of modern civilization.

Cincinnati, Ohio, is cutting back on trash collection and snow removal and filling fewer potholes.

The city of Dallas is not picking up litter in public parks. Flint, Mich., laid off 23 of 88 firefighters and closed two fire stations. In some places it’s almost literally the dark ages: the city of Shelton in Washington state decided to follow the example of numerous other localities and last week turned off 114 of its 860 street lights. Others have axed bus service and cut back on library hours. Class sizes are being increased and teachers are being laid off. School districts around the country are cutting the school day or the school week or the school year—effectively furloughing students. The National Association of Counties estimates that local governments will eliminate roughly half a million employees in the next fiscal year, with public safety, public works, public health, social services, and parks and recreation hardest hit by the cutbacks. A July survey by the association of counties, the National League of Cities, and the U.S. Conference of Mayors of 270 local governments found that 63 per cent of localities are cutting back on public safety and 60 per cent are cutting public works.

In August, the U.S. Congress passed a US$26-billion stimulus extension bill, aimed in part at saving teacher jobs. But it’s a finger in the dike. Jacqueline Byers, director of research for the counties association, said many local governments have yet to confront the full impact of the real estate crisis on government revenues because they do tax assessments only every third year. A fundamental transformation is under way. “When we come out of this recession we’re going to see government functioning very differently,” says Byers. “We are seeing more public-private partnership than we ever had for things like recreation and parks. We are seeing some of them privatize libraries. They lease the library to a private corporation that employs the workers who don’t carry retirement or health benefits.” Or they could wind up like Hood River County, Ore., which in August closed its three libraries altogether.

Some governments are looking for creative ways to replace plummeting property and sales tax revenues. Facing a US$1-billion budget shortfall, Montgomery County in Maryland appealed for corporate sponsors to step up and adopt porta-potties in its public parks. In the end, the privies were saved by a combination of park employees taking early retirement, a few private sponsorships, and a negotiated discount from the supplier, Don’s Johns. Meanwhile, Montgomery County’s school system, banking on its reputation for high standards and test scores, took the unusual step of selling its curriculum to a private textbook publisher, Pearson, for US$2.3 million and royalties of up to three per cent on sales. As part of the deal, county classrooms can be used as “showrooms”—which critics said effectively turns students and teachers into salesmen for a corporation. But the superintendent, Jerry Weast, told the Washington Post, “I tend to look at this from the perspective that we are broke.”

These cuts in infrastructure and education are more than just a temporary belt-tightening in response to a recession. They threaten long-term damage to American’s economic foundation—a foundation that has long been eroding. When the eight-lane Interstate 35 bridge collapsed in Minneapolis in 2009, killing 13 people and injuring 145, the American Society of Civil Engineers warned that the infrastructure deficit of aging postwar highways and bridges amounted to US$1.6 trillion. More than a quarter of America’s bridges were rated structurally deficient or functionally obsolete. Steam pipes have exploded in New York City and the levees failed in New Orleans.

Despite its position as the world’s unrivalled superpower, international comparisons show the U.S. slipping on a number of fronts. On education, the United States has been falling behind, in everything from science and engineering to basic literacy. The U.S. once had the world’s highest proportion of young adults with post-secondary degrees; now it ranks 12th, according to the College Board, an association of education institutions. (Canada is now number one.) In 2001, the U.S. ranked fourth in the world in per capita broadband Internet use; it now ranks 15th out of 30 nations, according to the Organisation for Economic Co-operation and Development. “We have been involved for three decades now in paring back public commitments and public spending, and that started with the Reagan revolution. We are living with the outcomes and consequences,” says Michael Bernstein, an economic historian at Tulane University in New Orleans.

Meanwhile, prolonged rates of high unemployment are taking a toll on families today, and will for years to come. Studies have shown that the longer a person is unemployed, the more difficult it is to find a job—partly because skills deteriorate, and partly because employers become suspicious of why someone hasn’t worked for a year. “The United States is expanding its underclass of a whole group of individuals who will become less employable, less integrated, more subject to criminal and other deviant behaviour—and probably become part of the larger problem of structural poverty in America as well,” says Sherle Shenninger, director of the economic growth program at the New America Foundation, a Washington think tank.

Arianna Huffington sees an even starker big picture emerging from the reams of bad economic news. “As we watch the middle class crumbling, for me this is a major indication that we are turning into a Third World country,” said Huffington, founder of the Huffington Post, in an interview. “The distinguishing characteristic of the Third World country is you have the people at the top and the rest—you don’t have a thriving middle class,” says Huffington, whose new book is entitled Third World America: How Our Politicians Are Abandoning the Middle Class and Betraying the American Dream.

America is moving “from the Jetsons to the Flintstones,” she argues. “The American dream was already based on the idea you could work hard and do well and your children will do better. Now we are confronted with downward mobility across the board. You have the phenomenon of unprecedented numbers of college grads who can’t get jobs.” The current public sector cutbacks in education and infrastructure will only make things worse, Huffington says. “You are both hurting people in the present, and basically undercutting your economic growth and prosperity in the future.”

But the problem isn’t simply a product of the current recession or the 2008 financial crisis. It is now well understood that for years Americans lived beyond their means on borrowed money.

The real estate bubble enabled many homeowners to borrow against inflated house prices, giving families the feeling that their wealth was increasing. It was all a mirage. Low interest rates and easy credit allowed consumers to spend enthusiastically, masking the fact that the standard of living and incomes were stagnating, and public and private investment was lagging.

Over the past decade, private sector job growth was sluggish. Combined with recession job losses, there are now only as many private sector jobs as there were in early 1999, a decade ago, while the population continues to grow. And incomes stagnated for a full decade—the longest such period since the U.S. Census Bureau has been keeping track of household income.

“There is certainly a serious erosion of both the American social contract and the American dream for a great majority of Americans,” says Shenninger. “There is a worrying trend that the private sector has not been able to generate jobs for now more than a decade.”

While business productivity increased—workers created more output per hour of work—that did not follow the traditional model of translating into higher wages. “Eighty to 90 per cent of productivity gains went to corporate profitability—which means that in order to make up for the gap in demand, working families resorted to relying on rising housing prices and debt,” says Shenninger. Workers lost the ability to bargain for wage increases as they competed with lower-wage workers in Europe, Asia and other emerging markets. Meanwhile, corporate earnings exploded.

Clyde Prestowitz, a former Reagan administration trade official and president of the Economic Strategy Institute, says the scope of the problem came into focus for him one day last year when he read, in the same newspaper, that China was launching a new 240-mile-an-hour high-speed train, and then an article about city leaders in Pittsburgh considering a tax on university tuitions in order to fund the municipal employees’ retirement pension plan. “I thought, the Chinese are building world-record trains and we’re taxing kids who go to school!” says Prestowitz. “We’ve been in decline for quite some time—we haven’t recognized it and have been fooling ourselves. But we’ve gotten to the point it’s hard to not see.”

There are numerous theories about the path America took to get where it is. Prestowitz blames the American approach to trade and globalization. A former trade negotiator who worked on NAFTA and advised Ronald Reagan’s commerce secretary, he argues that at the root of the problem is a long-term American naïveté about global trade, a case he makes in his book The Betrayal of American Prosperity.

American jobs are being lost not only to low-wage competition from emerging economies, but to strategic policies by foreign governments to dominate critical sectors of the economy, or to keep their currency values low to promote exports. “Other countries recognize the importance of economies of scale and promote the development of certain industries, whether solar panels, or semiconductors, and we don’t,” says Prestowitz.

High-tech plants and research labs of companies such as Intel, Applied Materials, General Electric and BP have been moving to China because the Chinese are offering subsidies in the form of free energy, free infrastructure, reduced taxes and discounted utilities. Prestowitz made the argument earlier this year to a meeting of White House economists who were debating the administration’s funding for alternative energies such as battery technologies. “My position was, if you spend all this money and not do anything about currency manipulation by China, South Korea, Singapore, Taiwan, Malaysia, Thailand, if you don’t do anything about the investment incentives being offered to companies like Applied Materials, if you don’t deal with all those things and just give money to some battery company—forget it, that’s money down the rathole.”

Prestowitz accuses successive American administrations of sacrificing trade issues to geopolitics. “The highest priority for the U.S. government is national security. We need a base somewhere or a vote at the UN, and we make an economic concession,” he says. Exhibit A: “The Obama administration has bent over backwards to avoid calling China a currency manipulator,” he noted.

Huffington blames politicians’ domestic economic policies: first, Republicans for tax cuts and deregulation that favoured top earners and corporations, and now Democrats for failing to undo the damage. As a candidate, Barack Obama accused George W. Bush of ignoring the middle class, she notes. But now Huffington criticizes Obama for campaigning on prioritizing the middle class and then failing to do so in the White House. “What happened is he picked an economic team whose primary focus has been Wall Street and who dramatically underestimated the depth of the crisis,” she says. “The emphasis has been on fixing Wall Street, which was bailed out without any strings attached, and which turned around and cut lending instead of lend more.”

Shenninger points in part to foreign policy: waging expensive wars overseas rather than spending the money at home. “Our priorities are horribly distorted,” he says. “We spent billions on new energy plants in Iraq and most of the money got siphoned off. We are spending billions of dollars trying to build schools in Afghanistan. But we are not willing to borrow at historically low rates to keep teachers at work or improve public infrastructure at home.”

Whatever the causes, the way out is not clear. While some critics are calling for a major program of reinvestment in public infrastructure and reviving parts of the U.S. manufacturing base, the politics do not favour it. In a speech in Milwaukee on Monday, Obama asked Congress to pass a US$50-billion infrastructure spending program to refurbish roads, runways and railways. But concerns about government deficits among Republicans and some Democrats make it unlikely that any large spending package could pass Congress—especially after the gains the GOP is widely expected to make in the mid-term elections on Nov. 2.
Republicans are calling for aggressive spending cuts. When Democrats pushed through their spending bill for local governments, Republicans called it a “bailout” of profligate local governments that overindulged public sector unions with generous salaries and benefits. House Republican whip Eric Cantor called Obama’s latest call for infrastructure spending “another play called from the same failed Keynesian playbook,” adding, “We need to cut spending immediately and end the environment of uncertainty that continues to impede real private-sector job creation and growth.” The GOP members on the House budget committee have identified US$1.3 trillion in potential cuts to federal spending. House minority leader John Boehner calls federal spending “a job killing agenda.” “ We have to remember that, even when spending is not at record-setting levels, each dollar the government collects is taken directly out of the private sector,” Boehner said in a recent economic speech. He added: “I’m not afraid to tell you there’s no money left. In fact, we’re broke.”

But where does that leave people like the good citizens of Ashtabula County, Ohio? How can they be safe from criminals without a fully staffed local police force, TV station WKYC asked a local judge in April. “Arm yourselves,” came the reply from Ashtabula County Common Pleas Judge Alfred Mackey. “Be very careful, be vigilant, get in touch with your neighbors, because we’re going to have to look after each other.”

And so they did. In July, a group of farmers removed the safeties from their shotgun triggers and surrounded a trailer in which a suspected house robber was hiding while they waited for the county’s last, lone squad car to arrive.

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15 Bone Chilling Signs That Part Two Of The Double Dip Housing Crash Has Begun

endoftheamericandream.com

These are harrowing times for anyone trying to sell a home or for anyone who is trying to make a living in the housing industry. But unfortunately, there are a whole lot of signs that things are about to get quite a bit worse. U.S. home sales have hit record lows in recent months. An increasing number of sellers have started to reduce their asking prices, and there are signs that home prices are already starting to slip substantially in many areas of the country. Meanwhile, the inventory of unsold homes in the United States continues to rapidly increase. Home foreclosures and bank repossessions of homes continue to set all-time records. What this all means is that the U.S. housing market is being absolutely flooded with homes for sale at a time when there are very few buyers. There is way too much supply and not nearly enough demand and as a result home prices are being pressured downward. The home buyer tax credits that the U.S. government was bribing home buyers with helped stabilize the U.S. housing market for a while, but now the tax credits have expired and things are getting scary out there.

In a previous article about this housing crisis, I detailed how there simply is not going to be a "recovery" in the U.S. housing market until there is a jobs recovery. But at this point, even the most optimistic cheerleaders for the economy are admitting that unemployment is going to remain high for quite some time.

But if the American people do not have good jobs then they can't buy homes.

In addition, banks and lending institutions have dramatically tightened lending standards. It is now much, much, much harder to get a home loan than it was five years ago. It is even much harder to refinance a home loan at this point.

So if a large segment of the population is struggling to even find a job and if a lot fewer people are getting approved for home loans, then where are all of the buyers going to come from to turn the U.S. housing market around?

It just isn't going to happen.

In fact, as the U.S. economy continues to struggle greatly, even more Americans are going to lose their jobs and even more Americans are going to default on their mortgages. Already the number of foreclosures in the U.S. is alarmingly high, and so what happens if the U.S. economy experiences a significant downturn in the months ahead?

Right now there are very few reasons why anyone should expect improvement in the U.S housing market any time soon. But there are a whole lot of reasons why we could be looking at a very serious downturn in the U.S. housing market in the near future.

The following are 15 bone chilling signs that part two of the double dip housing crash has begun....

#1 The percentage of home sellers who have decreased their asking prices at least once has gone up for three months in a row.

#2 According to Trulia.com, 26 percent of all homes currently on the market in the U.S. have experienced a price reduction at least once.

#3 According to Bloomberg, housing prices in the United States are likely to decline for another three years as 12 million more homes get put on the market.

#4 Total housing inventory available for sale in the United States increased 2.5 percent to 3.98 million in July, which represents a 12 and a half month supply at the current sales pace. This is a stunningly high figure.

#5 According to Mark Fleming, chief economist for CoreLogic, 36 states experienced home price declines in July, twice the number in May and the highest number since last November when prices nationally were still declining.

#6 In July, sales of existing homes in the U.S. fell 27 percent and sales of new homes plummeted to the lowest level ever recorded.

#7 Fannie Mae, the biggest U.S. mortgage finance company, is now projecting that U.S. home sales will experience a 7 percent decline for the year.

#8 The Mortgage Bankers Association recently announced that demand for loans to purchase U.S. homes has sunk to a 13-year low.

#9 Construction of new homes in the U.S. and applications to build new homes in the U.S. both fell to their lowest levels in more than a year during the month of July.

#10 One out of every seven mortgages in the United States was either delinquent or in foreclosure during the first quarter of 2010.

#11 As of this March, U.S. banks had an inventory of 1.1 million foreclosed homes, which was a new all-time record and which was up 20 percent from one year ago.

#12 CNBC is reporting that the nation's banks repossessed a record number of homes in August.

#13 According to Mark Zandi, the chief economist at Moody’s Analytics, approximately 2 million more homes will be repossessed by mortgage lenders by the end of 2011.

#14 As of June 30th, 23 percent of all residential mortgages in the United States were "underwater". In other words, as of the end of June 23 percent of Americans with a home mortgage owed more on their mortgages than their homes were worth.

#15 The head economist for Fannie Mae, Douglas Duncan, recently stated during a radio interview that seven million homes in the United States are either vacant or are in the foreclosure process. That is one gigantic pile of homes. How in the world is the U.S. housing market possibly going to find buyers for all of them?

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One World Currency-Step By Step

By Ray Gano
Survival 4 Christians

Last week I wrote an article titled " USPS Now Converting US Dollars To Global SDRs." Needless to say I have been generating a lot of questions out there. The primary one is "Will there be a one world currency?"
My answer, not only is there going to be a one world currency, it is already here and in the works.
As I showed in my previous article the US Post Office is already trading in what is called SDRs, or Special Drawing Rights. SDRs are becoming the defacto Global Currency Reserve.
But this is not the final solution.
We as Students of bible prophecy know and understand that the Antichrist will create a one world currency that will envelope legal, political, religious and social aspects.
I am one that believes that things do not take place over night. Man needs time to adjust and adapt to change. Otherwise chaos ensues and "the herd" is dispersed.
Background on The Enemy
You and I know the enemy. His name is Lucifer AKA Heylel Ben-Shachar
In the Bible, the Hebraic text in Isaiah 14:2 refers to Helel Ben Shachar or Heylel Ben-Shachar (היללבן שחר). Helel Ben-Schachar is translated into English as “O shining star, son of the dawn!" The name Lucifer is a translation of Helel Ben-Shachar into Latin by St. Jerome in the fourth century. Lucifer derives from two Latin words, lux (light) and fero (to bear–to bring), meaning light-bearer, light-bringer. The Bible identifies Lucifer as Devil, Satan, serpent, dragon, dweller of hell and other names. (1)
Knowing that the enemy is driven by pride and ego, he always shows his hand in a secret way announcing his intentions.
The enemies move to shift the world from multiple currencies to that of a single global one world currency was recently announced. And like many of the announcements of the enemy, it went unnoticed by many.
Back in April of this year (2010) a paper was released by the Strategy, Policy and Review Department of the IMF (International Monetary Fund) titled “Reserve Accumulation and International Monetary Stability”
In this document the IMF recommends that the world adopts a global currency called the "Bancor." But that is not all, what is also proposed is a single global central bank be created to administer the currency.
Folks, this is not conspiracy talk, black helicopters, or little green men. The IMF, through this document is telling the world of its intentions of running the world's economy. Let me say very clearly, what the IMF wants, the IMF will eventually get.
The Bancor is coming… step by step.

About The Bancor
The following is what Wikipedia states about the Bancor.
The Bancor was a World Currency Unit of clearing that was proposed by John Maynard Keynes, as leader of the British delegation and chairman of the World Bank commission, in the negotiations that established the Bretton Woods system, but has not been implemented.[2]There are some suggestions from the IMF of the possibility of its use in future.[3][4]
It was to be initially fixed in terms of 30 commodities, of which one would be gold. It would stabilize the average prices of commodities, and with them the international medium of exchange and a store of value.
In practice, until the collapse of the Bretton Woods system in 1971, gold itself filled this role, with the U.S. dollar fixed to gold and many other currencies fixed to either the U.S. dollar or directly to gold.
There have been variations on the model of the Bancor recently, such as having a currency unit for regional trade organizations such as the North American Free Trade Agreement (NAFTA), ASEAN (Association of Southeast Asian Nations), etc. In this model the commodities that would be placed into the pool would be limited to a fixed number of the currencies of the partner nations, and this would be done on an annual basis with agreement on prerequisites for withdrawal.
Step By Step - The SDR
As I have said, I do not believe in things happening overnight. To numb the senses of the masses, steps towards the final goal need to be taken. You can move a herd of cattle to the slaughter house very easily as long as it is done slowly and methodically otherwise the cattle go every time.
The same goes for people.
We have been moving towards a single global currency for some time now and a major step in that direction was when the SDR or Special Drawing Rights was established. But it was just a step in the direction that the IMF wants the world to go.
In the IMF document “Reserve Accumulation and International Monetary Stability” the report does say that SDRs will become the "principal reserve asset" as the world moves towards a single currency.
The report states:
“As a complement to a multi-polar system, or even—more ambitiously—its logical end point, a greater role could be considered for the SDR.”
But the report also states that SDRs have some serious limitations. What is that limitation? Well currently the SDR is tied to national currencies So with SDRs being tied to national currencies, when said currencies go up, the SDR goes up. When said currencies go down, like what is taking place today, the SDR goes down.
Here is the breakdown of the "basket" of currencies that the SDR is tied too:
*U.S. Dollar (44 percent)
*Euro (34 percent)
*Yen (11 percent)
*Pound (11 percent)
As we all know the dollar is not doing too well and in fact the trust of the people is starting to wain against the dollar. This effects the value of the SDR and the IMF does not like that.
So the IMF needs to move away from the U.S. dollar as the world reserve currency and urges the adoption of a currency unit that would be truly international.
But that is not the only reason. The fact is that SDRs are a pain in the rear to use. To obtain SDRs, people need to purchase them in their own currency, then use them, then the person who received the SDRs need to convert them into their own currency.
It is this trading, converting, back and forth that really limits their usefulness according to the IMF report….
“A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions. And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries.”
So what is the answer?
Well, as stated by the IMF report, they believe that the adoption of a true single global currency administered by a central global bank is the answer.
Enter the Bancor
In reading the IMF report the IMF thinks that it would be a great idea that the Bancor be introduced as a stable global currency throughout the entire world.
Like the adoption of the Euro, the Bancor would be accepted everywhere along with that countries own currency. People would naturally gravitate to a stronger more stable currency over that of their own currency.
I have to say that if I was offered a means to protect my assets with a stable method of exchange, AKA currency, I know that I would purchase it. I do not have faith in our dollar. The current as well as past administrations have incurred debt that is impossible to pay off. That is a fact.
Knowing this, eventually the US will default on loans. In the day of digital money that we live in the dollar will go down the tubes in a matter of hours. There will not be enough time to pull money from the bank, inflation will instantly kick in and in a matter of days there will be a national financial emergency. The president will declare a bank holiday and close all the banking institutions. Chaos will erupt and millions of middle class people will see their life savings wiped out.
That is unless people have thought ahead and maintained their wealth in a solid method of exchange (currency) or better yet a method of wealth (gold, silver, tangible assets)
But I am digressing here.
The IMF thinks it would be a solution to the world's problem if one single currency would be put in place. The IMF report clearly calls out the need for the Bancor to ride along side of nation's currencies.
“One option is for Bancor to be adopted by fiat as a common currency (like the euro was), an approach that would result immediately in widespread use and eliminate exchange rate volatility among adopters (comparable, for instance, to Cooper 1984, 2006 and the Economist, 1988). A somewhat less ambitious (and more realistic) option would be for Bancor to circulate alongside national currencies, though it would need to be adopted by fiat by at least some (not necessarily systemic) countries in order for an exchange market to develop.”
AND what will naturally be needed is a global central bank to administer this new one world currency. This central bank is something like the current Federal Reserve today. But what is very troublesome is that it will be completely outside the control of any particular national government….
“A global currency, Bancor, issued by a global central bank (see Supplement 1, section V) would be designed as a stable store of value that is not tied exclusively to the conditions of any particular economy. As trade and finance continue to grow rapidly and global integration increases, the importance of this broader perspective is expected to continue growing.”
In fact, the IMF report makes no bones about it and compares this coming global central bank to the Federal Reserve….
“The global central bank could serve as a lender of last resort, providing needed systemic liquidity in the event of adverse shocks and more automatically than at present. Such liquidity was provided in the most recent crisis mainly by the U.S. Federal Reserve, which however may not always provide such liquidity.”
Folks, just in case you do not know this; the Federal Reserve has nothing to do with the federal government. It is a privately held company whose stock you can purchase from the stock exchange. It is run by a cartel of elite bankers, financiers, businessmen and they are the real power behind the curtain.
In creating a central global bank like the one being proposed, it enables the power of the world to be easily wielded by one single person, the head of that central bank. The likes of an Allen Greenspan or Ben Bernenke would head this bank up.
As I have said, what the IMF wants, the IMF gets. Knowing this, we will eventually have the Bancor and a central global bank running the show. Power will be given to a group of people headed by a single man.
Now do you see how easy it would be to control the masses by one single man?
Scriptures say…
Revelation 13:16-18 KJV And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Slowly the stage is being set. The enemy in all his pride and egotism is laughing at man and his ignorance as he makes his plans right before our eyes and no one seems to even be paying attention.
That ol' worm Heylel Ben-Shachar is playing his game and man is falling for it. Eventually he will demand that man take a mark to identify himself as one of his. Those who do not will lose their head as a martyr of our Lord Jesus Christ.
But for that to take place, there are still some steps that need to be established. We who are here now will face some if not all of this setting of the stage. While we are here we need to be ready always to preach the word, share the gospel and occupy till HE returns.
The time is now to prepare and be ready, not run off to some corner and hide. We have a responsibility to our Lord, it is our reasonable service.
One Final Note
There is today a system already in place. In fact this system envelopes all legal, political, religious and social aspects. It is the system that is spreading like a cancer and it is the Antichrist will use to rise to power. As I stated, the game that our pride filled egotistical enemy likes to play is hiding things right before our eyes. It really is the best place to hide something. This legal, political, religious, and social system many do not want to acknowledge and in fact many are already welcoming and defending its right to be spread; is Islam and it is right before our eyes. In its system is everything that scripture describes that the Antichrist will use to come to power.
It is here now and within 20 years it will have established a global government dedicated to its god Allah.
Who by the way is also known as Heylel Ben-Shachar - which literally translated from God's word means Crescent Moon - Morning Star.

END NOTES
Download and read “Reserve Accumulation and International Monetary Stability” at http://www.imf.org/external/np/pp/eng/2010/041310.pdf
1 -http://www.helel.com/
2 -http://www.guardian.co.uk/commentisfree/2008/nov/18/lord-keynes-international-monetary-fund3 -http://ftalphaville.ft.com/blog/2010/08/04/306346/imf-blueprint-for-a-global-currency-yes-really/4 -http://www.imf.org/external/np/pp/eng/2010/041310.pdf5- http://www.economist.com/finance/displaystory.cfm?story_id=13382167&CFID=48661507&CFTOKEN=95325844

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Florida Man Gets Tested: Six of Nine VOCs in Blood — Hexane “Off the Charts”

floridaoilspilllaw.com

Effects on Humans: n-Hexane is a narcotic agent… and a neurotoxin – OSHA

Gregg Hall aka PcolaGregg Tests Positive For Gulf Oil Spill Toxins, September 14,2010:

Transcript Summary

I just got it this morning.

Michelle Nix set-up the testing through Metametrix in Duluth, Georgia.

The blood work tested positive for:

Ethylbenzene
Xylene
Hexane was “off the charts”
2-methylpentane [a structural isomer of hexane1]
3-methylpentane [a structural isomer of hexane2]
IsoOctane
Those are 6 out of the 9 Volatile Organic Compounds they tested for…

The hexane was over their testing limits… They only test to 200 and I was over that.

See Gregg Hall’s report here.

NOTE: Anyone who cares to help support Mr. Hall’s reporting can do so by making a donation at http://PcolaGregg.com



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Too Sick And Scared of Obama's Thugs: Australian SBS Reports Gulf Truth

Examiner.com
Deborah Dupré
Human Rights Examiner

A sixty-six year old Louisiana grandmother, an environmental scientist, has threatened the American petrochemical-military-industrial-complex (PMIC) by collecting approximately 600 testimonies from Southerners stricken ill since the Gulf Operation overtly began April 20th, too afraid to speak out publicly due to hired black operatives intimidating locals, even threatening their lives as detailed in Australia's Special Broadcast Service (SBS) Dateline News report, but not American news reports.
SBS is one of Australia's top TV news resources.

Australia's SBS Dateline reporter on the Gulf truth, 'Sophie McNeill made her first documentary in 2001 at age 15, when she travelled to East Timor to film the country's health crisis.' (SBS)

Australians now know Gulf Truth

Wilma Subra and now many Australian TV viewers know first-hand why Gulf Coasters are afraid, the same reasons most Targeted Individuals live in fear. Since the Gulf operation onset and Subra's advocacy for the coastal people and environment, she has had repeated office break-ins, intimidating anonymous phone calls and death threats, all part and parcel of secretly hit-listed as indicated in the SBS special report by Sophie McNeill, Toxic Legacy on Youtube as 'Wilma Subra' below in which Subra states:

"One individual who was proposing a nuclear radioactive site threatened to kill me, my family and the local elected official and his family, so I had bullet proof glass put in on all the windows on the front and I had a security consultant come in and he said move everything to the back of the office and that’s why my computer is now in the back so I’m not so visible up front.

"So, here is a stack that I record all of the complaints that come in but I can’t show you information on the complaints because I’m protecting the identity of the people who called in the complaints because they are very scared of repercussions..."

Obama's authorized hit-list appears to be squarely aimed at people who dare speak out, suppression through the CIA's hired mercenaries, private contractors such as Blackwater (Xe), it's 20 subsidiaries plus Wackenhut and others defending crimes on the Gulf Coast. It appears as though these thugs are using their dirty tricks to both maintain the controlled U.S. mainstream media black-out of Gulf news that would be in best interest of the public and to enable the petrochemical-military-industrial complex to continue its slow-kill operation of Gulf Coasters where it continues to gas people and all other life struggling to survive.

In June, a passenger in a car passing Subra's house fired shots through her window, the bullet lodging "in a brick a few feet from where she was sitting." (See: Environmental warrior takes on industry - CNN) Recently, the Examiner reported that Project Gulf Impact filmmaker who has been documenting Gulf Coast evidence was paid a visit at his home by men in black. There is widespread speculation about the untimely death of one of the most vocal of all Gulf Coast whistleblowers, Matt Simmons.

Recently leaked documents indicate that Obama's "national security" tactics are not limited to the Deep South. They include "Pennsylvania Office of Homeland Security tracking anti-gas drilling groups and their meetings — including a public screening of the documentary, Gasland about environmental hazards of natural gas drilling. (See Department of Homeland Security Tracks Anti-drill groups in Pa, Intel Hub, Sept. 14, 2010)

Washington’s Blog reports this week, "Indeed, police have been terrorizing children, little old ladies and other “dangerous” people who attempted to protest peacefully."

In what resembles a U.S. biochemical war on Americans, with America's own PMIC, its black operatives destroying innocent American lives in the Gulf region, Subra continues collecting testimonies from people phoning her for help. Due to her abundance of evidence, she has been called to testify before Congress during its dispersant investigation. Subra states in the SBS report:

The dispersant is a very toxic substance that causes a lot of health impacts - short term and long term. Portions of them are known cancer-causing agents, the other portion causes the headache, the nausea, the respiratory problems and when it is mixed with the oil, it is much more toxic than either the oil or the dispersant. And you can inhale it, you can ingest it, you can have skin contact out here. So, it is an issue that is really important for people’s health. They need to be protected from any exposure."

As Gulf Coast residents learn about non-government organizations (NGO) opening their phone lines to offer help with survival resources, more calls and emails flood in daily from people desperate for help for themselves and their children who are ill. The sole way to obtain these NGO numbers is through alternative media that most people do not access, and though word of mouth. Fear and confusion in the Gulf Coast is exemplified by, Edmon L, a Mobile, Alabama resident who wrote yesterday:

"My wife is a Bio-Chem student at USA in Mobile and is very knowledgeable on chemicals and the such. She is concerned and has a lung condition that has amplified since this all came about. We have 4 young children and her concerns are what this could cause in the development of our kids. She is very concerned and feels that we should evacuate the area ASAP. Personally, I am scared!!! (Examiner)

One woman, Wilma Subra, has collected 600 case testimonies thus far. Daily, more people phone her for help.

Subra is not the only one collecting such testimonies. Louisiana Environmental Action Network (LEAN), Louisiana Bucket Brigade, Project Gulf Impact and Gulf Coast Barefoot Doctors are among others collecting accounts from people unknown to each other, providing consistent stories of illness, fearing for their lives and that of their families, not only because of poison used on them, but also retribution from thugs if it is known they have sought help.

As Subra explains, the sick and injured are not only BP workers and fisherman. They are ordinary people who had been living ordinary lives in ordinary neighborhoods until late April, before the 1.8 million gallons (and still rising) of the deadly Corexit was sprayed in their air, water, food, homes and gardens.

Subra and her colleagues tackled BP over the waiver in court, and they’re now preparing to take action over the use of oil dispersant, saying it is one of the most toxic available and has made people ill. (SBS)

Project Gulf Impact and Gulf Coast Barefoot Doctors have reported that sick Gulf Coasters using public health facilities are being mistreated, mis-diagnosed and worse, re-victimized by health workers attributing their illnesses to a mental problem, as Pensacola resident Heather Dixey recently experienced when she went to the hospital with severe chest pains and internal bleeding.

Thousands of people have mysterious scabs and pustules covering their extremities according to a July report by Project Gulf Impact.

"We are hearing from people in Louisiana, Mississippi, Alabama, and Florida with similar stories," reports Gulf Coast Barefoot Doctor Delia LaBarre from Ground Zero in New Orleans yesterday.

LaBarre stated:

"We are convinced that we are in the Gulf region experiencing a grave public health crisis and that it will only get worse in the years to come. We know this because of the toxins toxicologists tell us we have been exposed to and because of the 'latent illnesses' caused by the toxins from the Exxon Valdez oil spill, 9-11 Ground Zero contaminants, and oil disasters throughout the world that continued to manifest years after the initial exposures.

"We know also that Corexit continues to be sprayed along the Gulf Coast, even though government officials and BP representatives claim they have ceased applying chemical dispersants. We have many witnesses who refute those claims."

Louisiana Fisherman Gary Burris, among those who have provided testimony to Subra and LEAN because he is now ill states in the SBS report, "And there were planes, just not three miles from us, like 10 or 15 in a row, and they come back empty, an this went on for four or five hours. I mean, they were hitting it - hitting it."

Faceless people of the Gulf Coast

"Where are all these people who are supposedly sick and suffering?" some people ask in disbelief.

Instead of covering the Gulf criminal activities, U.S. mainstream news is covering-up the Gulf operation with as much professionalism as it did throughout the September 11, 2001 false flag operation, the general public is again duped, this time impacting the survival needs of millions of people, families needing support from fellow Americans. Unlike the 911 psychological weaponry used on the public, TV viewers do not repeatedly hear people crying, people jumping off the skyscrapers, the destruction, he faces of victims and their families' stories.

People of the Gulf Coast have no faces.

Instead of giving faces to people of the Gulf Coast, airing the children crying because they are ill, showing Corexit dispersant foam swooshing atop Gulf waters, chemical burned bodies, and bloody faces from internal bleeding, the U.S. media is airing nonsense.

Today, Williams Rivers Pitt writes in Truthout, "I don't know about you, but I'm getting pretty sick and tired of seeing these Tea Party idiots all over my television. I turn on the news,' and there they are, holding badly spelled signs and chanting nonsense."

The center of American homes, once the kitchen or dining table where families gathered to listen and learn from each other has been replaced with the TV, the perfect PMIC psychological weapon. TV is now being used to distract people of goodwill who could reach out to help Gulf Coasters. TV is perfect for covering up the new mass murder on the Gulf Coast that is destined to make the tragic 3000 lives lost on 911 pale in comparison.

"The U.S. media landscape is dominated by massive corporations that, through a history of mergers and acquisitions, have concentrated their control over what we see, hear and read. (Ownership Chart: the Big Six, Free press)

"In many cases, these giant companies are vertically integrated, controlling everything from initial production to final distribution," reports Freepress. (See information about the largest U.S. media firms here.)

Dixie 56 commented on the SBS Dateline report, Toxic Legacy ('Wilma Subra'):

"As a resident of Alabama we see first hand the destruction and continued destruction of the Gulf. We will be seeing the effects of BP and the Fed's lies for generations to come. The main stream media over here has pretty much stopped reporting on the damage and the people of the Gulf coast region are left to fight this horror. I appreciate datelines excellent report. Just wish the media here would tell the truth. Fat chance! We had some of the most beautiful water and sugar white beaches."

Lisa from Queensland wrote:

"More awareness about the long term health effects of chemicals on human health is needed. I applaud Wilma Subra for thinking long term. Some of the people in the Gulf area and some of the workers who help with the clean up will go on to develop long term and chronic health problems caused by chemical injury as is the case with 9/11. Who will be there to help those people? Society needs to be better educated on chemical injury and the consequences of chronic poisoning, at the moment it is being whitewashed by the Government, the medical profession and the chemical industry."

Meanwhile, barefoot doctors at Ground Zero report, 'We need to let the rest of the country - the world - know that this catastrophe is only beginning. Gulf Coast Barefoot Doctors needs help to supply detoxification kits and information to the public."

"Most of the people contacting us can neither afford to relocate or to purchase many of the supplies recommended for detoxification. We are currently able to assemble the kits for $10 to $25, depending on the donations from our generous sponsors."

Lynne Frye, who became an American refugee, fleeing the Gulf Coast with her husband for health and safety, sent a message through the Examiner to people of the Gulf and the world early today:

"What the video didn't show was my husband and I couldn't afford to move either. We sold everything we owned except for his work truck and what clothes and camping gear, and whatever we could fit in the back of our small nissan. We met someone that wanted to help out a gulf coast family. She offered a room in her house until we could get back on our feet. We left Pensacola. We found a campground by a beautiful a river and some amazing caverns, we stayed for a week. We have met some amazing people that want to help the 'Gulf Coasters' just like me and my family. We have lost our beaches.

"All the information is out there and as individuals, we have to do the research and not rely on corporate media to tell us everything because they won't. Your wife is right. y'all should evacuate. We had to think about our daughters health. My prayers are with you!'

For Americans needing proof of the U.S. PMIC's calculated use of lethal chemicals on millions of Americans now causing illness and early death, the SBS report (below) may provide enough evidence to break denial of the crime against humanity occurring in the United States against the nation's citizens.

Thanks to SBS and Sophie McNeill, at least Australians now know the Gulf truth.

Photo: Special Broadcasting Service (SBS)

Sources:

SBS

Gulf Coast Barefoot Doctors

Subra Company

Copyright ©Deborah Dupre' 2010 All Rights Reserved

The author grants permission to republish the title and first paragraph of this article provided they are linked to the original article on Examiner. She welcomes emails: info@DeborahDupre.com

Deborah Dupré, with post-graduate science and education degrees from U.S. and Australian universities, has been a human and environmental rights advocate for over 25 years in the U.S., Vanuatu and Australia. Support her work by subscribing to her articles and forwarding the link of this article to friends and colleagues or reposting only the title and first paragraph linked to this Examiner page. Dupré welcomes emails: info@DeborahDupre.com Please send Gulf illness news tips to her with your name or anonymously. See her Vaccine Liberty or Death book plus Compassion Film Project DVDs.

Gulf incident reports can be made and viewed at oilspill.labucketbrigade.org. Mobile phone users can text or call in reports to (504) 27 27 OIL. Reports can also be sent to bpspillmap@gmail.com and through Twitter with the hashtag #BPspillmap. If you are in danger or witness an emergency, please contact your local emergency response agency immediately.

Obtain a Toxic Survival Kit or to have one delivered to a Gulf Coast resident in need. See Gulf Coast Barefoot Doctors online or email info@gcbarefootdocs.org.

Learn to become a Gulf Coast Barefoot Doctor here.

Send information or inquirel ProjectGulfImpact@gmail.com and visit Project Gulf Impact online at www.projectgulfimpact.org.

If you are a Gulf Coaster wanting to evacuate but needing help, please ask! If you can assist a gulf coaster in evacuating, please advise! See --http://pub47.bravenet.com/forum/static/show.php?usernum=3957401277&frmid=0



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