Tag Archives: unemployment

Business/Economics, International, U.S.

World War 3: Iran discovers new, huge oil fields!

“The newly discovered oil field must be considered among the biggest fields ever discovered in Iran!”-Seyyed Mahmoud Mohaddes, National Iranian Oil Company

On March 3, 2012, Iranian oil officials announced that not only have they discovered the largest oil field in Iran’s history, they’ve found several new oil fields!

Drilling has already started, and there are at least three more new oil fields.  Iran already has the second largest proven oil reserves in the world. Just more reasons for the West to get their hands on Iran!

 

Business/Economics, International, U.S.

What Economic Recovery? New Study confirms old truth; Wars Do Not create Economic Recovery!

A new study has confirmed what most economic historians will tell you; long term wars actually destroy your economy: “…the positive effects of increased military spending were outweighed by longer term unintended negative macroeconomic consequences.”

The latest study was done by the Institute for Economics and Peace.  But their study revealed that the War on Terror has been more damaging to the U.S. economy than expected, because it’s the first U.S. war in which taxes collections went down!  This means that while military spending went up, the tax revenues to pay for the military went down!

A long term war, with reduced tax revenues to pay for it has resulted in “…the U.S. having severe unsustainable structural imbalances in its government finances…” and “…major constraints on the economy and limited the scope of options that were available to policymakers…”

 

International, U.S.

World War 3: Iraqi Sunnis refuse to stop fighting

“These groups are still fighting and still active, they continue to carry arms. They are active in….Mosul, Diyala, Anbar, Salahuddin, Baghdad, Babil, and some on the outskirts of Basra and Kut.”-Adnan al-Asadi, Deputy Interior Minister of Iraq

“We are happy to declare the defeat of the occupation but the occupation has a project and the effects of this project still exist.”-Ibrahim al-Shimari, Iraqi Islamic Army

“The occupier has not left, they left an embassy which includes thousands of persons, and certainly those are not diplomats. We will keep fighting to drive the last U.S. soldier from Iraqi soil….Even the contractors who live with the Iraqi Army in its bases, we will target them.”-Sheikh Khalid al-Ansari, al-Rashideen Army

 

Business/Economics, International, U.S.

Corporate Crime: New Mexico company ripped off U.S. & Iraqi taxpayers

“The indictment alleges that the defendants flagrantly enriched themselves at the expense of the Iraqi people, the very people they were there to help, and American taxpayers.”-Kenneth J Gonzales, U.S. Attorney General

Former executives of Laguna Construction Company, are accused of colluding with four foreign nationals, to defraud taxpayers of more than $5 million through kickbacks to subcontractors.

Two subcontractors were actually connected to Laguna Construction, and they are accused of overcharging, and charging for services not rendered.

It took several law enforcement agencies to identify the scam: “…joint effort by the Defense Criminal Investigative Service and our law enforcement partners from the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigations Division, and the Special Inspector General for Iraq Reconstruction.”-Janice M Flores, DCIS

Business/Economics, International, U.S.

Corporate Evil, United Police States of America & What Economic Recovery? Corporate Fuedalism, you are a slave, big money investments not going to create jobs but to finance more big money investments! Prison industry fastest growing in the U.S.

The following statements are from a former Wall Street stock broker, now self-exiled in Europe, Timothy Maxwell “Max” Keiser:

“Money is being printed but it does not flow to wages or savings and pensions. It flows to asset price inflation and to bonuses for corrupt bankers.”

“The economy runs on financial engineering now, and currency speculation financed by ultra-low rates, near zero percent interest rates and the economy is not run on manufacturing.”

“When you pay out a hundred and forty billion dollars in bonuses, as they do on Wall Street or at the various banks in Europe, that is just a tip of a multi-hundred billion, multi-trillion dollar money laundering scam….the Central Banks lend money out to these banks at 1% percent; they in turn reinvest it with the Central Bank at 3%. So they make 2% carry, it’s a carry trade to do absolutely nothing!  They are not incentivized to put the money to work in the economy.  They are making free 2% on their cash, or more…”

“….there is no regulatory authority of any note; there is no deterrent to committing financial fraud…JP Morgan has been caught stealing from its customers….It is now not refuted, fully documented; there is no investigation.”

“Who pays for that? Everybody else through austerity measures. So you very much have feudalism, is alive and well. You have got a few feudal lords like the bankers in Europe and on Wall Street and everyone else is basically an indentured servant! There’s over a trillion dollars in bad student loans in America! That is the next bubble to pop! That is another huge wave of youths about to be thrown into the streets with trillion dollars of debts and told go to a concentration camp and die you pig; we don’t care about you!”

“The biggest gross industry in America is the prison industry! Why is that? It’s the only growing industry in America is the prison industry!  That’s the most profitable industry and the bankers are aiding and abating the entrapment of folks with forcing debt down their throats and forcing them to go to prison, and that is the economy!“

 

 

 

Business/Economics, International, U.S.

What Economic Recovery? Greece downgraded again, even with new bailout loan deals

Moody’s has joined Standard & Poor’s in downgrading Greece.

Last week S&P’s downgraded Greece to default status. Today Moody’s rated Greek bonds at C, saying risk of default is too high even with new bailout loans: “Moody’s believes that Greece will still face medium-term solvency challenges: its stock of debt will still be well in excess of 100 percent of gross domestic product for many years, the country is unlikely to be able to access the private market once the second assistance package runs out, and its planned fiscal and economic reforms will still face very significant implementation risks.”

 

 

Business/Economics, International, U.S.

World War 3: Russia joins West’s sanctions against Iran, freezes Iranian Embassy accounts!

The Russian bank, VTB 24, froze the accounts of Iranian embassy personnel in Russia.

“The bank said that this was an order from their top management, and they couldn’t do anything about it.”-Seyyed Mahmoud-Reza Sajjadi, Iranian Ambassador to Russia

Officials with VTB 24, a division of Russian state owned VTB, tried to downplay any connection to the U.S./European sanctions against Iran, by saying the move was because of a lack of profits being made off the Iranian accounts.

International, U.S.

World War 3: Canada orders troops to stand down, despite increasing taxpayer spending on the Afghan war

“I think for many years we just took it for granted that we were a training base and we didn’t have to face the loss of people. Then on the Easter weekend we lost six and then two more.”-Fay Tidd, Mayor of Oromocto, New Brunswick, Canada

From now until the end of 2012, about 950 Canadian troops from New Brunswick will be deployed in Afghanistan.

“We keep reassuring everybody it’s a peacekeeping mission. I don’t know if we’re trying to convince ourselves or who?”-Ken Weir,  St. Vincent de Paul Catholic Church

Meanwhile, the Canadian Department of Defense has ordered 45 Canadian police officers and 70 diplomats working in Afghanistan, to stop what they are doing.  Canadian military trainers have also been ordered to stay away from Afghan government forces.  This is all because of the burning of dozens of Qur’ans by five U.S. troops!

The Canadian mission in Afghanistan is supposed to end in 2014,  yet it’s been revealed that the Canadian government is increasing spending for the military operation.  One report says spending will increase by at least another C $500 million.

 

 

International, U.S.

World War 3: More suicide attacks on NATO, Afghan official assasinated, new Pakistan offensive

On March 2, 2012, in Dund district of southern Kandahar Province, a suicide car bomber attacked a NATO convoy.

At least four U.S./NATO/ISAF forces, one Afghan police officer, an Afghan civilian and and Afghan interpreter were wounded.  The “Taliban” immediately claimed responsibility (as I’ve said before, those attacks where no one claims responsibility are suspicious), and claimed that 15 U.S. led forces were killed.

In the city of Tarinkowt, in southern Uruzgan Province, unknown militants assassinated the local Afghan Intelligence official.  “Taliban” are not claiming this one.

In another incident, in which the “Taliban” are not commenting on, a man was arrested as he was heading to Kandahar.  He’s accused of supplying weapons for a planned attack against Afghan government forces.

And despite the ignorant U.S. media, which spreads the lies that Pakistan isn’t doing enough to help fight the War on Terror, Pakistan has launched a new offensive in the Kyber region.  Already there are 10 dead Pakistani forces,and 23 dead “Taliban” militants, after an early morning firefight on March 2, 2012!

International, U.S.

World War 3: Obama to send more U.S. forces to Afghanistan

March 2, 2012, a report says the Department of Defense (DoD) has decided on a new round of troop deployments to Afghanistan.

The DoD decision was actually announced on February 16!

The U.S. Army has selected four Brigade Combat Teams (BCT), one separate brigade and an Army command, to be deployed between April and August 2012.

It will involve approximately 1,460 active component officers and senior non-commissioned officers, along with approximately 300 DoD civilians. The official purpose is to train Afghan government forces.

The new deployment will be made up of personnel from: 2nd BCT, 101st Airborne Division (Air Assault), Fort Campbell, Kentucky.  2nd BCT, 3rd Infantry Division, Fort Stewart, Georgia. 3rd BCT, 4th Infantry Division, Fort Carson, Colorado. 4th BCT, 1st Armored Division, Fort Bliss, Texas. 162nd Infantry Brigade, Fort Polk, Louisiana.  And 1st Army, Rock Island Arsenal, Illinois.