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Iran warns of tough response to international inspection of ships Parliamentary Speaker Ali Larijani said if the United States or "other reckless countries" plan to inspect Iranian planes and ships, they should be aware that Iran will respond in kind as regards their ships in the Persian Gulf and the Gulf of Oman. Last Wednesday, the UN Security Council approved a fourth round of economic sanctions against Iran over its controversial nuclear program, including restrictions on the country's shipping. The resolution includes the inspection of Iranian ships. Referring to new anti-Iran laws that were purportedly being drafted by the European Union and the United States, Larijani said the Iranian parliament "calls on the government to not lessen the level of uranium enrichment below 20 percent since these countries have violated the Non-Proliferation Treaty (NPT) and refused to provide 20-percent enriched fuel for Tehran's research reactor." (RIA Novosti)
Obama Adds To Iran Sanctions The penalties were aimed at entities tied to Iran's nuclear and missile program, including one bank, five front companies, 22 energy and insurance concerns, and two individuals and four groups tied to the Iranian Revolutionary Guard Corps. The move was important primarily for its symbolic significance: It was intended to signal other countries that the United States would build vigorously on the UN sanctions, and wanted other countries to do the same. Treasury Secretary Timothy Geithner, announcing the sanctions at the White House, said that to be effective "we need to have in place a concerted international approach. This is not something the United States can do alone." (Los Angeles Times)
Data Show Big Exposure for Banks in Euro Zone French and German banks continued to hold the greatest exposure to euro-zone countries facing market pressures at the end of last year, underscoring their interest in restoring investor confidence in the region. - Data released Sunday by the Bank for International Settlements showed that banks based in the 16 countries that use the euro accounted for $1.58 trillion, or 62%, of all internationally active banks' exposures to residents of Greece, Ireland, Portugal and Spain. - That included $727 billion of exposure to Spain, $402 billion to Ireland, $244 billion to Portugal and $206 billion to Greece, with about half of the Greek ... (Wall Street Journal)
Bill Gates will talk about energy and how to combat poverty in Bilderberg Club In a press conference in CosmoCaixa, after canceling a conference on the importance of investing in developing the first public event of the Global Health Institute (ISGlobal), Gates admitted that for the first time participate in this meeting, which was born in 1954 in Holland in the context of a meeting of European leaders and U.S. willing to build bridges on both sides of the Atlantic. (20 Minutos)
2010 Bilderberg Meeting Press Release The 58th Bilderberg Meeting will be held in Sitges, Spain 3 - 6 June 2010. The Conference will deal mainly with Financial Reform, Security, Cyber Technology, Energy, Pakistan, Afghanistan, World Food Problem, Global Cooling, Social Networking, Medical Science, EU-US relations. Approximately 130 participants will attend of whom about two-thirds come from Europe and the balance from North America. About one-third is from government and politics, and two-thirds are from finance, industry, labor, education, and communications. The meeting is private in order to encourage frank and open discussion. (Bilderberg Meetings)
Bilderberg 2010: The security lockdown begins It's midday at the Bilderberg conference hotel – and that means helicopters, riot police and angry staff - The paranoia was riding high amongst the conference organisers. A pair of them talked about the 2006 Bilderberg conference in Ottawa, where the radio host Alex Jones led the protests with his megaphone. "They were very close to the hotel," said one. Another looked shocked and asked: "Did they ever try to attack?" A shake of the head and the answer: "No, but it was very scary." A third leaned in: "This is the negative side of the welfare state. People have enough income, so they can do this – it's like a permanent threat." (London Guardian)
Bilderberg 2010: Plutocracy with palm trees The shadowy global elite is meeting in Sitges – and Charlie Skelton is there, hoping for a new spirit of CamCleggian openness - Police are already stretching their red stripy tape around the hotel, and zipping up and around the local roads in their squad cars, sniffing for trouble. I'm really hoping there's none to find. The Spanish are promising a beach party and an "awareness camp", with political discussion forums and meditation zones. (London Guardian)
Iran 'restricting euro transactions' As the stagnant European economy weighs heavily on the euro forcing it into a downward spiral, the Central Bank of Iran (CBI) unveils a major plan for converting 45 billion of its euro reserves into dollar and gold ingots. (Press TV)
Greece urged to give up euro THE Greek government has been advised by British economists to leave the euro and default on its €300 billion (£255 billion) debt to save its economy. The Centre for Economics and Business Research (CEBR), a London-based consultancy, has warned Greek ministers they will be unable to escape their debt trap without devaluing their own currency to boost exports. The only way this can happen is if Greece returns to its own currency. (London Times)
Tucker Trumps Trilats Trilateral Commission (TC) members, angry over their failure to establish a world government and the economic crisis they generated, called for war with Iran when they gathered behind closed doors here in Dublin, Ireland May 7-10.
War plans were revealed by Mikhail Slobodovsici, a chief adviser to the Russian leadership, when he strolled off the grounds of the Four Seasons resort, where TC had hunkered down behind armed guards and locked doors. He thought he was talking to a TC colleague when speaking with Alan Keenan, who operates the web site WeAreChange.org.
“We are deciding the future of the world,” Slobodovsici said. “We need a world government,” he said, but, referring to Iran, said “we need to get rid of them.”
Clearly, it was a TC war call. Many of the TC’s billionaires and millionaires are heavily invested in manufacturing, and wars produce huge profits. (American Free Press)
CFR Meeting: Zbigniew Brzezinski Fears Global Political Awakening "For the first time in all of human history, mankind is politically awakened. That's a total new reality. Total new reality. It has not been so for most of human history, until the last 100 years. And in the course of the last 100 years, the whole world has become politically awakened. And no matter where you go, politics is a matter of social engagement and most people know what is generally going on -- GENERALLY going on -- in the world, and are consciously aware of inequities, inequalities, lack of respect, exploitation." (Council on Foreign Relations)
Bailout Is ‘Nail in the Coffin’ for Euro, Rogers Says "I was stunned," Rogers, chairman of Rogers Holdings, said in a Bloomberg Television interview in Singapore. "This means that they’ve given up on the euro, they don’t particularly care if they have a sound currency, you have all these countries spending money they don’t have and it’s now going to continue." (Bloomberg)
An Imperfect Improvement: Obama's New Drug War Strategy There's no question that it points in a different direction and embraces specific policy options counter to those of the past thirty years. But it differs little on the fundamental issues of budget and drug policy paradigm, retaining the overwhelming emphasis on law enforcement and supply control strategies that doomed the policies of its predecessors. (Huffington Post)
Gerald Celente: Crash of 2010 inevitable The Dow Jones industrial market is down and looks to continue to head that direction. This is not good news for the worlds economies that are trying to bounce back after this recession hit many different nations. Is this a direct reflection of the Greece financial crisis? (Russia Today)
US Orders Blackout Over North Korean Torpedoing Of Gulf Of Mexico Oil Rig A grim report circulating in the Kremlin today written by Russia’s Northern Fleet is reporting that the United States has ordered a complete media blackout over North Korea’s torpedoing of the giant Deepwater Horizon oil platform owned by the World’s largest offshore drilling contractor Transocean that was built and financed by South Korea’s Hyundai Heavy Industries Co. Ltd., that has caused great loss of life, untold billions in economic damage to the South Korean economy, and an environmental catastrophe to the United States. (European Union Times)
Global Governance Today Jean-Claude Trichet, President, European Central Bank, New York - It was an unexpected crisis -- largely unexpected in its dimension and in its global nature -- even if it was clear that a number of academics; a number of central banks, I have to say; and also, a number of at his own institution very, very clearly -- the BIS -- had signaled that we were living in a world of general under appreciation of risks in the financial markets. And I have to say I was, myself, on record for having said that quite a time before the first turbulences erupted. But that being said, what we have observed is really something which was very big -- bigger than was expected. And with a number of features that were really also unique. - “A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”. (Council on Foreign Relations)
James Lovelock on the value of sceptics and why Copenhagen was doomed The great climate science centres around the world are more than well aware how weak their science is. If you talk to them privately they're scared stiff of the fact that they don't really know what the clouds and the aerosols are doing. They could be absolutely running the show. We haven't got the physics worked out yet. - The UN was a lovely idea, but its primary objective was to make sure the British Empire was got rid of. You just can't get all those people to agree. - I have a feeling that climate change may be an issue as severe as a war. It may be necessary to put democracy on hold for a while. (London Guardian)
Skeptics Find Fault With U.N. Climate Panel “This is not about whether this is a good person or a good cause; it’s about the integrity of the scientific process,” Dr. Pielke said, adding: “This has become so polarized, it’s like you must be in cahoots with the bad guys if you are at all negative about Pachauri.” (New York Times)
Secret summit of top bankers World's top bankers fly in to meet at secret location trouble on the horizon - Organised by the Bank for International Settlements last year, the two-day talks are shrouded in secrecy with high-level security believed to have been invoked by law enforcement agencies. (News.au.com)
Driver's licenses for the Internet I just went to a panel discussion about Internet security and let me tell you, it was scar-y. Between individual fraud, organized crime, corporate espionage and government spying, it's an incredibly dangerous world out there, which, according to one panelist, is growing exponentially worse.
These are incredibly complex problems that even the smartest of the smart admit they don't have a great handle on, although Craig Mundie, Microsoft's chief research and technology officer, offered up a surprisingly simple solution that might start us down a path to dealing with them: driver's licenses for the Internet.
The thing about the Internet is that it was never intended to be a worldwide system of mass communication. A handful of guys, all of whom knew each other, set up the Web. The anonymity that has come to be a core and cherished characteristic of the Internet didn't exist in the beginning: it was obvious who was who. (Time)
FARC’s Cocaine Sales to Mexico Cartels Prove Too Rich to Subdue Mexican drug cartels are getting cocaine from Colombia’s biggest guerrilla group in a deal that increases the security threat to both nations, according to a document captured by Colombian military intelligence and to a government official in that country.
The agreement was discussed in a meeting between a leader of the Revolutionary Armed Forces of Colombia, Raul Reyes, and an agent of a Mexican cartel at Reyes’s jungle hideout in mid- 2007, according to a letter Reyes wrote to other guerrilla commanders that was obtained by Bloomberg News.
The pact to bypass middlemen has given Reyes’s group, known as the FARC, an opportunity to double its profit by selling directly to the Mexican cartel, said the government official, who spoke on condition of anonymity. The FARC earned at least $1 billion and maybe several times that amount in the past year, according to officials familiar with the group. The arrangement has strengthened the cartels at a time when they are under pressure from an offensive ordered by Mexican President Felipe Calderon, the Colombian official said. (Bloomberg)
H1N1 swine flu hoax falls apart at the seams The great swine flu hoax of 2009 is now falling apart at the seams as one country after another unloads hundreds of millions of doses of unused swine flu vaccines. No informed person wants the injection anymore, and the entire fear-based campaign to promote the vaccines has now been exposed as outright quackery and propaganda.
Even doctors are now calling the pandemic a complete hoax. As reported on FoxNews, Dr. Wolfgang Wodarg, a leading health authority in Europe, says that drug companies "organized a 'campaign of panic' to put pressure on the World Health Organization (WHO) to declare a pandemic. He believes it is 'one of the greatest medicine scandals of the century,' and he has called for an inquiry." (Natural News)
Council of Europe will investigate and debate on "Faked Pandemic" But around the Mexican outbreak, WHO in cooperation with some big pharmaceutical companies and their scientists re-defined pandemics and lowered the alarm-threshold. Those new standards forced politicians in most states to react immediately and sign marketing commitments for additional and new vaccines against "swine-flu" and spend billions of dollars to catch up with the alarming scenario that Big Pharma, media and WHO were spreading. (Wolfgang Wodarg)
Securitization, Mortgage-Backed Securities, Collateralized Debt Obligations, and Credit Default Swaps From Wikipedia, the free encyclopedia
Securitization is a structured finance process that distributes risk by aggregating debt instruments in a pool, then issues new securities backed by the pool. The term “Securitisation” is derived from the fact that the form of financial instruments used to obtain funds from the investors are securities. As a portfolio risk backed by amortizing cash flows – and unlike general corporate debt – the credit quality of securitized debt is non-stationary due to changes in volatility that are time- and structure-dependent. If the transaction is properly structured and the pool performs as expected, the credit risk of all tranches of structured debt improves; if improperly structured, the affected tranches will experience dramatic credit deterioration and loss. All assets can be securitized so long as they are associated with cash flow. Hence, the securities which are the outcome of Securitisation processes are termed asset-backed securities (ABS). From this perspective, Securitisation could also be defined as a financial process leading to an issue of an ABS. (Foreclosure Fraud)
Feudalism also called feudal system or feudality, French féodalité, Detail from the Heidelberger Sachsenspiegel showing the homage ceremony, in which … [Credit: Universitatsbibliothek, Heidelberg, Germany]historiographic construct designating the social, economic, and political conditions in western Europe during the early Middle Ages, the long stretch of time between the 5th and 12th centuries. Feudalism and the related term feudal system are labels invented long after the period to which they were applied. They refer to what those who invented them perceived as the most significant and distinctive characteristics of the early and central Middle Ages. The expressions féodalité and feudal system were coined by the beginning of the 17th century, and the English words feudality and feudalism (as well as feudal pyramid) were in use by the end of the 18th century. They were derived from the Latin words feudum (“fief”) and feodalitas (services connected with the fief), both of which were used during the Middle Ages and later to refer to a form of property holding. Use of the terms associated with feudum to denote the essential characteristics of the early Middle Ages has invested the fief with exaggerated prominence and placed undue emphasis on the importance of a special mode of land tenure to the detriment of other, more significant aspects of social, economic, and political life. (Encyclopædia Britannica)
Greenhouse gases ...are gases in an atmosphere that absorb and emit radiation within the thermal infrared range. This process is the fundamental cause of the greenhouse effect. The main greenhouse gases in the Earth's atmosphere are water vapor, carbon dioxide, methane, nitrous oxide, and ozone. In our solar system, the atmospheres of Venus, Mars and Titan also contain gases that cause greenhouse effects. Greenhouse gases greatly affect the temperature of the Earth; without them, Earth's surface would be on average about 33 °C (59 °F) colder than at present.
The burning of fossil fuels since the beginning of the Industrial revolution has substantially increased the levels of carbon dioxide in the atmosphere. (Wikipedia)
Scanner debate follows terror attack The possibility of increased use as the terror threat continues has affected the stocks of the companies who make the devices. Some smaller companies such as ICX Technologies and OSI Systems, worth only a few hundred million dollars to begin with, rose 10 percent or more on Monday. Larger players like Smiths Group and L-3 Communications have also benefited, with their machinery already in trials in airports around the world. (Xinhuanet)
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