ECONOMIC NEWS
- VLADIMIR PUTIN CLAIMS DOMINIQUE STRAUSS-KAHN IS THE VICTIM OF A CONSPIRACY TO FORCE HIM OUT …
Russian Prime Minister Vladimir Putin has claimed that Dominique Strauss-Kahn may be the victim of a shadowy conspiracy to force him out of his job as head of the International Monetary Fund. Mr Putin is the first world leader to display any serious doubts over the sex charges against the 62-year-old Frenchman. The prime minister jumped to Mr Strauss-Kahn’s defence in comments posted on the official Kremlin website. He suggested that charges that the French presidential candidate sexually assaulted and tried to rape a 32-year-old chambermaid may have been trumped up by the U.S. authorities. Mr Putin said: ‘It’s hard for me to evaluate the hidden political motives but I cannot believe that it looks the way it was initially introduced. It doesn’t sit right in my head.’
As speculated by many influential people, this story of the IMF chief’s arrest smells mighty rotten. However, no one of the stature of Russian PM Vladimir Putin has yet conjectured that the charges against DSK are politically or economically motivated. It seems that there is some division among the big factions of the powers that be, and their in-fighting may indeed have catastrophic impact on the Global economy.
From www.reuters.com
- DATA CLOUDS RECOVERY'S PROSPECTS
(Reuters) - Data showing a double-dip in home prices, pessimistic consumers and a slowdown in regional manufacturing raised concerns on Tuesday that the economy's soft patch could become protracted. A glut of houses for sale along with foreclosures, tight credit and weak demand have kept the housing market on the ropes even as other areas of the economy start to recover.
Home prices had been supported last spring by a tax credit, but the housing market has struggled since the credit expired. Prices in the 20 cities fell 3.6 percent year over year, worse than expectations for a decline of 3.3 percent. Read more
The whole recovery story for the past year has been smoke and mirrors and nothing more. Now the smoke is clearing and the mirror is cracked; soon the painful truth will be obvious to all that the Economy is dead, and all we had going on the last two years was Weekend at Bernie’s.
- THE VANISHING AMERICAN MIDDLE CLASS
The brittle financial American middle class – 50 percent of Americans would be in financial trouble if $2,000 of expenses came up in 30 days. By 2020 the world’s richest households will control $202 trillion in wealth, 4 times current global GDP. This economic recovery has excluded working and middle class Americans which begs the question, what really defines a financial recovery? In past and distant recoveries the economic gains were widely distributed amongst all Americans. Most realize that income gains will never be equal simply because in a market based economy those with certain desirable skills will be rewarded more than others. Yet in the last decade the banking sector has co-opted the government to turn it into a welfare state for the large banks. Read more
- EMPTY SUMMER IN THE CITY FOR KIDS HIT BY CUTBACKS
'This is certainly not going to be the year of the child in New York'… budget crises in places such as New York, Washington, D.C., Houston and Detroit rob children of the activities and programs that have long defined summer in the city for urban youngsters. Swimming pools are being closed; recreation centers are locking their doors; library summer reading programs are suffering; openings for short-term jobs have evaporated.
By the time the average Joe finally wakes up and realizes that the function of Government has increasing become to make the rich even richer, and everyone else poor, the American Dream will have become a nightmare for most of the Middle Class, not just in America but all over the world.
wars / revolutions / ‘terrorist’ attacks
From www.msnbc.msn.com
- 'FAILING' STATE YEMEN ALLOWS AL-QAIDA TO REGROUP, EXPERTS SAY: Government struggles with Arab Spring uprising and attacks by militant tribes
War in Yemen would hand al-Qaida's boldest militants greater scope to attack the West and repair the group's morale after the loss of Osama bin Laden, experts said. With President Ali Abdullah Saleh's government mired in worsening political strife, the Yemen-based al-Qaida in the Arabian Peninsula, known as AQAP, is likely to have more freedom to apply a proven talent for daring and inventive bombing plots. Read more
It is truly remarkable how many ‘States’ have failed this year that showed no signs of failing even last Christmas. Tunisia, Egypt and Libya have already failed and now Yemen, Pakistan and Syria are ready to follow suit. Can anyone else see the wars of the Middle East spreading far and wide in the not too distant future?
Revelation 6:4 And there went out another horse that was red: and power was given to him that sat thereon to take peace from the earth, and that they should kill one another: and there was given unto him a great sword.
Extreme Weather News
From Extinction Protocol blog: http://theextinctionprotocol.wordpress.com/
Several tornadoes touched down in Massachusetts Wednesday afternoon, killing at least four people and damaging property across more than a dozen communities. Tornadoes were confirmed in Westfield, Springfield, West Springfield, Wilbraham, Sturbridge, Monson, Oxford, Charlton, and Agawam. There was also a funnel cloud spotted in Worcester. By Wednesday evening, at least four people were confirmed dead, along with several injuries. Governor Patrick has declared a State of Emergency.
I am not sure what such severe Tornado activity bodes for the US and the world but if it gets any worse it could generate Super storms as depicted on movies such as ‘The Day After Tomorrow’,
BATANGAS, Philippines – Another 200 tons of fish have died in Talisay, Batangas Tuesday night after a sharp decrease in oxygen levels in Taal Lake, the Bureau of Fisheries and Aquatic Resources (BFAR) said. A BFAR study showed that the oxygen level in Taal was depleted in half due to the transition to rainy season.
The official version of such events always makes it sound that this is all oh so normal. It is normal for the rainy season to deplete half the oxygen in lakes, isn’t it? Actually no, not in my experience – I have never heard of rainy season depleting a lake of its oxygen resulting in 200 tons of dead fish. Is it a reasonable conclusion that some deadly toxins are being released from under the lake bed into the lake that is killing the fish instead of rain water? Yet these officials never seem to be able to come to these logical conclusions?
SAUDI ARABIA – A Saudi farmer who went into his barn to take his 300 sheep on their daily pasturing was shocked when he found them all dead, a newspaper in the Gulf Kingdom said on Saturday. The farm said he checked the sheep an hour earlier and they were all alive in their barn at his far in the western town of Qunfudha. The unnamed farmer had owned the sheep for years and they were his sole source of living for his family of 16. “Inspectors at the ministry of agriculture said they had taken samples from the dead sheep to determine the cause of their death,” the Arabic language daily Sabq said.
This report seems like something out of The Twilight Zone or The X – Files. Are these some type of secret weapons or biological weapons that are being tested? There is no natural explanation that I can think of that would explain the death of these animals in this manner? If this was a widespread problem with the deaths of animals spread across a wide region or even a local area, then the cause may have been some naturally occurring disease but just all the sheep in just one fold? Like I said it would make a good X – Files episode, call Mulder and Scully.
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