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Fed to Buy $1 Trillion in Securities to Aid Economy

teapartycincy

Chris Blanchard

  • FedRes has started Quantitative Easing . New York Times reports :
     
    The Federal Reserve sharply stepped up its efforts to bolster the economy on Wednesday, announcing that it would pump an extra $1 trillion into the financial system by purchasing Treasury bonds and mortgage securities.
     
    Having already reduced the key interest rate it controls nearly to zero, the central bank has increasingly turned to alternatives like buying securities as a way of getting more dollars into the economy, a tactic that amounts to creating vast new sums of money out of thin air. But the moves on Wednesday were its biggest yet, almost doubling all of the Fed’s measures in the last year.
     
    The action makes the Fed a buyer of long-term government
    bonds rather than the short-term debt that it typically buys and sells to help control the money supply.
     
    The idea was to encourage more economic activity by lowering interest rates, including those on home loans, and to help the financial system as it struggles under the crushing weight of bad loans and poor investments. 

     
  • Trader Dan Norcini comments on the market’s reaction :
     
    The news that the Fed would be buying $300 billion of long-dated Treasuries sent the bond market into what can only be called a frenzy. In all the years I have been trading, I have never seen anything quite like it. We are talking about a move that carried from 123^25 to 132^18. The drop in yield was nothing short of breathtaking. The effect on the yield curve was to flatten it considerably.
     
    If the idea was to give the banks some ability to borrow short and lend long and profit from the recently steepening curve, that just went up in smoke but apparently the thinking is that the Fed can artificially force down long term interest rates and this will have a beneficial effect on the comatose housing market. Hey you morons – why not just hand out money directly to every taxpaying citizen in the country? After all, you can just print more of it whenever we need it… God help us all…
     
    The effect on both the Dollar and the gold price was instantaneous. The Dollar collapsed as well it should have while gold shot up nearly $60 of its worst levels of the session.
     
    Folks – it is my sincere conviction that this current administration is absolutely CLUELESS in how to solve this problem and are flailing in the wind. They are throwing anything that they can think of at a wall and hoping that something will stick. These theoreticians and academics, none of whom can probably even balance their own damn checkbooks, are now attempting to run the monetary system. In the process they have just destroyed our Dollar and make no mistake about this – they are now monetizing debt – which is another way of saying they are printing money out of thin air. Is it any wonder that the Dollar cratered and gold shot up so sharply?

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March 19, 2009 Posted by | Economics | , , , , , , | Comments Off on Fed to Buy $1 Trillion in Securities to Aid Economy

Quantitative Easing – Death Knell for Dollar, Re-Igniting the Gold Rocket !

  • The FedRes just announced they will print money out of thin air and buy treasury bonds and mortgage backed securities (MBS) to the tune of US$ 1 Trillion. Bloomberg reports :
     
    The Federal Reserve opened a new front in its battle to bring down borrowing costs across the economy, pledging to buy as much as $300 billion of Treasuries and stepping up purchases of mortgage bonds.  
      ……
    With today’s move, the Fed has committed to buy or loan against everything from corporate debt, mortgages and consumer loans to government debt, after cutting its
    benchmark interest rate to zero failed to end the credit crunch. The unprecedented campaign comes after a worsening recession sent the unemployment rate up to a quarter-century high of 8.1 percent.
     
    “The FOMC may believe the economy is nowhere near a bottom,”
    William Poole, former president of the St. Louis Fed, said in an interview today with Bloomberg News. “The Fed is engaging in a massive quantitative easing.” 
     
  • This is IMO the start of the end of the dollar. Many have forecast its demise. But it seems to defy its naysayers again and again. Not for long, not much longer. For treasuries, my suspicion is that the FedRes started buying in Sep/Oct last year. Jim Willie comments :
     
    Notice how the primary impetus behind the supposed USTBond rally was the mountain of purchases this past autumn by the USGovt and UK Govt, as seen in the Caribbean banks , where their fingerprints are often found without any mention in the press whatsoever. The US & UK illicit games conducted in Caribbean banks is given cover from hedge funds and Arab accounts, but not enough to hide what is really happening. In July 2008, the Caribbean bank center ledger item showed $117 billion is USTreasurys. By October 2008 the amount zoomed up to $204 billion. This is not Bermuda and Bahamas redeeming sea conch shells, molasses barrels, and salvaged marine vessels for USTreasury Bonds. These are games played by the syndicates running the central banks.
      caribbean-center-bank-treasury-holdings
    The bigger question is whether USTBonds were purchased with newly printed money. Clearly they were in my view. The motive was to create the impression of a flight to safety, to cause a rally in the USTreasury Bond complex.  …. ..  If the USTreasurys are so pristine and risk-free, then why did they recently hit 1.00% for Credit Default insurance protection cost? The 5-year USTNote bears roughly a 2% yield, but its default insurance cuts that effective yield to 1.0% only. A year ago the same default insurance cost a mere 1 basis point, as in 0.01 percent, one hundred times less.
     
  • Foreign investors are bailing out of America. Treasuries are being abandoned. USD is being exchanged for hard assets. The stampede has started stealthily. Jim Willie again :
     
    The Treasury International Capital report provides a visible snapshot of foreign investment changes, which include the scummy detail revealed in the Caribbean graphic. The data in the TIC report falls into four major categories: USTreasurys, USAgencys, US corporate bonds, and US stocks. On a net basis, the data was miserable in January at a net decline by $148.9 billion in net capital flows. The danger comes from outflows occurring at a time when foreign funds are even more urgently needed to cover USGovt debts,   …..
      …..
    China has embarked on a dual plan in my view. They wish to convert some mortgage bonds to actual property inside the United States, even commercial buildings. They have already begun to use USTBonds in large-scale deals with other nations on major projects for energy and metals production. In other words, they are spending now and hope to convert to property later. They are also doling out USTBonds to poor African nations in the form of aid and development grants.
     
    Another danger signal is evident. China purchased $12.2 billion in USTreasurys in January, but 95% of them were short-term securities. That is not a sign of confidence. 

     
  • What will foreign investors do with all their USD? More so now that they are selling their treasuries? They will no doubt bailout of USD into hard assets. How about Gold? Mr Willie comments :
     
    Money will not flow from bonds to stocks so easily. The destination of gold is being more widely perceived as wise. Gold competes well as a safe haven. Big bank deaths only amplify the benefits of owning gold. The threat of lost deposits is a curse without equal. The threat of withered corporate bonds behind banks is equally loathsome and unnerving to the most staid among investors.
      …..
    WHEN THE USTREASURYS LOSE MORE VALUE, THE FEEDER SYSTEM INTO GOLD WILL BE SO CLEAR.Even if 10% or 20% of the USTreasury sales are directed into golden channels, the effect will be powerful. Watch the feeder system.
       ….
    On Wednesday March18, gold touched 883 in a big headfake full of flirt. After the news came of official USFed monetization of $300 billion in USTreasurys over the next six months, the gold price registered a $40 reversal. … Powerful forces will lift the gold & silver prices. Huge factors come from blatant monetary inflation in the form of USTBond purchase off a printing press of funds, from ruined currencies as foreign governments join the USGovt in fiscal emergency measures, and the old standby. Bank insolvency remains stubborn and in my view unresolvable and unfixable. When at least one major US bank falls victim to a clear death before summer, the rush into gold will be unmistakable. The window of low price is still with us.

     
    Gold & silver responded immediately to the USFed monetization decision. This cannot be emphasized enough times, since it is an open admission of a direct policy to undermine the currency. GOLD ALWAYS BENEFITS FROM CURRENCY DEVALUATION VIA PRINTING PRESS, NO EXCEPTION. Precious metals are protection from currency debasement, debauchery, and dilution. Gold & silver do not rise in value so much as the currencies fall in value versus actual money, as determined by gold & silver.
     
  • Gold will go higher. How high? Eric Hommelberg comments :
     
    Gold – Heading for $200 or $10,000?
    There are many ways to calculate a hypothetical gold price which would counterbalance most of world’s debt. In the 70’s for example Jim Sinclair predicted that gold would seek a price high enough to offset the public debt held in foreign hands. He proved out to be right. A similar approach these days would require gold prices exceeding the $10,000 mark.
      
    Yes, $10,000. Look, it sounds absurd these days but $1000 gold sounded absurd back in the early seventies as well, yet Mr. Jim Sinclair predicted we would see $900 gold before all was said and done. He proved to be right since gold hit a high of $887 in 1980. Another tool suggesting $10,000 gold would be possible is the DOW/Gold ratio.

     
  • Peter Koven, Financial Post comments :
     
    US$6,948 gold would support greenback
    Daniel Brebner and others at UBS Securities… plotted out a number of scenarios using various levels of strength for inflation and the U. S. dollar, and predicted that gold will not fall below US$500 an ounce between now and 2015, and could rise to US$2,500.
      
    There is one other possibility UBS raises: what if a new gold standard was adopted to support currencies, particularly the U. S. dollar? Using the current value of the U. S. monetary base and the country’s reported gold holdings, UBS calculated gold would need to be at US$6,948 to support the value of the U. S. dollar.
     
    If China and Japan are included, UBS predicted that the price would be close to US$10,000 an ounce.
     
  • See also :
     
    Gold is Ready to Go Very High Very Fast!
    Gold Price to go Parabolic!
    Gold Daily Chart
    Demand for Gold Coins Soar!
    Gold About to SkyRocket ! China Worries about Treasuries and Diversify into Gold !
    Gold Price Set to Soar !
    What’s not to Like about Gold ?
    Dollar Devaluation, Debt Default & Gold
    Massive US Dollar Devaluation Against Gold During 2009
    Gold Rush Worldwide!
    Obama, Roosevelt, Gold Confiscation and Dollar Devaluation 

Disclaimer – I am not a financial advisor. This is not an advice to buy, sell or hold any stocks or bonds or any precious metals.

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March 19, 2009 Posted by | Economics | , , , , , , | 8 Comments

Canadian Military Units To Undertake “Domestic Security”

  • What exactly are all these governments preparing for? It can’t be anything good. Many people choose to bury their heads in the sand. When bad things happen, they ask: “Why me God? Why?” . The reality is: things rarely happen out of the blue. Many warning signs are given. But people just refuse to listen, refuse to heed the warning signs and take precautions. Similarly, this financial crisis has been brewing for a few years. Many have warned about it 2 years ago. Remember Peter Schiff, Marc Faber, Jim Rogers…. all these people persistently warned about it.
     
  • Now another warning, Paul J. Watson writes :
     
    The militarization of law enforcement in the U.S., Canada & Britain is accelerating at a rapid pace
     
    The Canadian military is reorganizing its priorities to suit a “post 9/11-world,” by creating reservist units for each area of the country that would be tasked with providing “domestic security,” and involve roles such as the mass internment of citizens in the event of a terrorist attack.
     
    “The Canadian military has embarked on a wide-ranging plan to turn its reserve soldiers into focused units trained and equipped to respond to a nightmarish array of domestic threats,” reports the National Post.
     
    “The remodeling of the reserves will see the development of specialist units in four of the military’s regional divisions — Atlantic, Quebec, Ontario and the West.”
     
    This is an open announcement that Canada has been subdivided into military units that will be policed by military reserves, who will take a “dominant role in domestic operations in the future,” according to the article.
     
    Of course, the necessity of the change is dressed up using the notion of troops helping people in the event of earthquakes, floods and nuclear accidents, but we also learn that one of the duties that the reservists would potentially undertake would be mass internment of citizens in camps or quarantine zones after a biological terror attack.
      …..
    Other roles for the military reservists would be to undertake law enforcement and other “security” duties for domestic events such as the 2010 Winter Olympic Games in Vancouver and the 2010 G8 summit of world leaders in Huntsville.
     
    The story dovetails with a report out of Barrie, Ontario, where authorities are considering using troops from the local army base to patrol bar areas on weekends in a supposed attempt to prevent rowdiness. Mention is also made of “scenarios that might require a form of constabulary or policing function for reserves in civilian containment and security.”
       …..
    Would reservists oppose the use of military units for purposes of domestic law enforcement and not show up, or would they just follow orders under the justification of a breakdown in authority after a biological attack or mass rioting after a total economic collapse?
      
    I’m not so confident that people who have been kicking down doors, abducting, torturing and killing people in Afghanistan for seven years under the justification that they are terrorists would be unwilling to do the same to Canadian citizens if they were drilled with the same propaganda.
     
    The militarization of law enforcement duties in the U.S., Canada and Britain is accelerating at a pace never before seen.
     
    Last week it was revealed that the British Army is on standby to deal with rioting on UK streets as a result of the economic crisis, according to a newspaper report, which states that MI5 is targeting political activists who could help create a “summer of discontent”.
     
    Meanwhile, in the U.S., urban warfare training drills are taking place across the country as Northcom announces that tens of thousands of active duty troops will be stationed inside the U.S. for domestic purposes.
     
    The U.S. Army War College in November released a white paper called Known Unknowns: Unconventional ‘Strategic Shocks’ in Defense Strategy Development. The report warned that the military must be prepared for a “violent, strategic dislocation inside the United States,” which could be provoked by “unforeseen economic collapse,” “purposeful domestic resistance,” “pervasive public health emergencies” or “loss of functioning political and legal order.” The “widespread civil violence,” the document said, “would force the defense establishment to reorient priorities in extremis to defend basic domestic order and human security.”
     

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March 19, 2009 Posted by | GeoPolitics, Social Trends | , , | 2 Comments

Preparing for Civil Unrest in America !

  • Talk of martial law and civil unrest seems out of place. Really? Is it so inconceivable? I do not think so. Rising unemployment, banksters ripping off the sheeple, rising tent cities, rising poverty, rising income inequality.. things are getting from bad to worst.
     
  • If civil unrest and martial law is so improbable, why is the US military preparing for it? Professor Michel Chossudovsky writes in Legislation to Establish Internment Camps on US Military Bases :
     
    The Protest Movement
    When people across America, whose lives have been shattered and destroyed, come to realize the true face of the global “free market” system, the legitimacy of the Wall Street, the Federal Reserve and the US administration will be challenged. 
     
    A latent protest movement directed against the seat of economic and political power is unfolding. How this process will occur is hard to predict. All sectors of American society are potentially affected: wage earners, small, medium and even large businesses, farmers, professionals, federal, State and municipal employees, students, teachers, health workers, and unemployed. Protests will initially emerge from these various sectors. There is, however, at this stage, no organized national resistance movement directed against the administration’s economic and financial agenda.   
     
    Obama’s populist rhetoric conceals the true nature of macro-economic policy. Acting on behalf of Wall Street, the administration’s economic package, which includes close to a trillion dollar “aid” package for the financial services industry, coupled with massive austerity measures,  contributes to precipitating America into a bottomless crisis.
     
    “Orwellian Solution” to the Great Depression: Curbing Civil Unrest
    At this particular juncture, there is no economic recovery program in sight. The Washington-Wall Street consensus prevails. There are no policies, no alternatives formulated from within the political and economic system. . 
     
    What is the way out? How will the US government face an impending social catastrophe? The solution is to curb social unrest. The chosen avenue, inherited from the outgoing Bush administration is the reinforcement of  the Homeland Security apparatus and the militarization of civilian State institutions. 
     
    The outgoing administration has laid the groundwork. Various pieces of “anti-terrorist” legislation (including the Patriot Acts) and presidential directives have been put in place since 2001, largely using the pretext of the “Global War on Terrorism.” 
     
    Homeland Security’s Internment Camps
    Directly related to the issue of curbing social unrest, cohesive system of detention camps is also envisaged, under the jurisdiction of the Department of Homeland Security and the Pentagon. 
     
    A bill entitled the National Emergency Centers Establishment Act (HR 645) was introduced in the US Congress in January. It calls for the establishment of six national emergency centers in major regions in the US to be located on existing military installations. http://www.govtrack.us/congress/billtext.xpd?bill=h111-645 
     
    The stated purpose of  the “national emergency centers” is to provide “temporary housing, medical, and humanitarian assistance to individuals and families dislocated due to an emergency or major disaster.” In actuality, what we are dealing with are FEMA internment camps. HR 645 states that the camps can be used to “meet other appropriate needs, as determined by the Secretary of Homeland Security.”
     
    There has been virtually no press coverage of HR 645. These “civilian facilities” on US military bases are to be established in cooperation with the US Military. Modeled on Guantanamo, what we are dealing with is the militarization of FEMA internment facilities.
     
    Once a person is arrested and interned in a FEMA camp located on a military base, that person would in all likelihood, under a national emergency, fall under the de facto jurisdiction of the Military: civilian justice and law enforcement including habeas corpus would no longer apply.  
     
    HR 645 bears a direct relationship to the economic crisis and the likelihood of mass protests across America. It constitutes a further move to militarize civilian law enforcement, repealing the Posse Comitatus Act. 
     
    In the words of  Rep. Ron Paul: 
     
    “…the fusion centers, militarized police, surveillance cameras and a domestic military command is not enough… Even though we know that detention facilities are already in place, they now want to legalize the construction of FEMA camps on military installations using the ever popular excuse that the facilities are for the purposes of a national emergency. With the phony debt-based economy getting worse and worse by the day, the possibility of civil unrest is becoming a greater threat to the establishment. One need only look at Iceland, Greece and other nations for what might happen in the United States next.” (
    Daily Paul, September 2008, emphasis added)
     
    The proposed internment camps should be seen in relation to the broader process of militarization of civilian institutions. The construction of internment camps predates the introduction of HR 645 (Establishment of Emergency Centers) in January 2009. There are, according to various (unconfirmed) reports, some 800 FEMA prison camps in different regions of the U.S. Moreover, since the 1980s, the US military has developed “tactics, techniques and procedures” to suppress civilian dissent, to be used in the eventuality of mass protests (United States Army Field Manual 19-15 under Operation Garden Plot, entitled “Civil Disturbances” was issued in 1985) 
     
    In early 2006, tax revenues were allocated to building modern internment camp facilities. In January 2006,  Kellogg Brown and Roots, which at the time was a subsidiary of  Halliburton, received a $385 million contract from the Department of Homeland Security’s  Immigration and Customs Enforcement (ICE): 
     
    “The contract, which is effective immediately [January 2006], provides for establishing temporary detention and processing capabilities to augment existing ICE Detention and Removal Operations (DRO) Program facilities
    in the event of an emergency influx of immigrants into the U.S., or to support the rapid development of new programs… 
     
    The contract may also provide migrant detention support to other U.S. Government organizations in the event of an immigration emergency, as well as the development of a plan to react to a national emergency, such as a natural disaster. (
    KBR, 24 January 2006, emphasis added)
     
    The stated objectives of
    U.S. Immigration and Customs Enforcement (ICE) are to:
     
    “protect national security and uphold public safety by targeting criminal networks and terrorist organizations that seek to exploit vulnerabilities in our immigration system, in our financial networks, along our border, at federal facilities and elsewhere in order to do harm to the United States. The end result is a safer, more secure America” (
    ICE homepage)
     
    The US media is mum on the issue of the internment camps on US soil. While casually acknowledging the multimillion dollar contract granted to Halliburton’s subsidiary, the news reports largely focused their attention on possible “cost overruns” (similar to those which occurred with KBR in Iraq). 
     
    What is the political intent and purpose of these camps? The potential use of these internment facilities to detain American citizens under a martial law situation are not an object of media debate or discussion. 
     
    Combat Units Assigned to the Homeland
    In the last months of the Bush administration, prior to the November 2008 presidential elections, the Department of Defense ordered the recall of the 3rd Infantry’s 1st Brigade Combat Team from Iraq. The relocation of a combat unit from the war theater to domestic front is an integral part of the Homeland Security agenda. The BCT was assigned to assist in law enforcement activities within the US. 
     
    The BCT combat unit was attached to US Army North, the Army’s component of US Northern Command (USNORTHCOM). The 1st BCT and other combat units would be called upon to perform specific military functions in the case of civil unrest: 
     
    The 1st BCT’s soldiers also will learn how to use “the first ever nonlethal package that the Army has fielded,” 1st BCT commander Col. Roger Cloutier said, referring to crowd and traffic control equipment and nonlethal weapons designed to subdue unruly or dangerous individuals without killing them.(See Gina Cavallaro,  Brigade homeland tours start Oct. 1, Army Times, September 8, 2008). 
     
    Under the proposed withdrawal of US forces from Iraq under the Obama administration, one expects that other combat units will be brought home from the war theater and reassigned in the United States. The evolving national security scenario is characterized by a mesh of civilian and military institutions: 
     
    -Army combat units working with civilian law enforcement, with the stated mission to curb “social unrest”. 
    – the establishment of new internment camps under civilian jurisdiction located on US military facilities.  
     
    The FEMA internment camps are part of the Continuity of Government (COG), which would be put in place in the case of martial law. 
     
    The internment camps are intended to “protect the government” against its citizens, by locking up protesters as well as political activists who might challenge the legitimacy of the Administration’s national security, economic or military agenda.  
      
  • See also :
     
     Alex Jones – Proof FEMA Camps Exist !

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March 19, 2009 Posted by | GeoPolitics, History, Social Trends | , , | 4 Comments

LA Times – Zionism is the Problem!

  • What is the cause of all these problems in the Middle East. How about a philosophy that promotes fear and hatred? The Torah does not teach us to hate our fellow man. Neither does the Bible condone violence to non Jews! May G_d turn the heart of Israel back to Yeshua HaMashiach.
     
    Exodus 22:21
    “You shall neither mistreat a stranger nor oppress him, for you were strangers in the land of Egypt.”
     
    Exodus 23:9
    “Also you shall not oppress a stranger, for you know the heart of a stranger, because you were strangers in the land of Egypt.”
     
    Leviticus 19:34
    The stranger who dwells among you shall be to you as one born among you, and you shall love him as yourself; for you were strangers in the land of Egypt: I am the LORD your G_d.
     
    Deuteronomy 10:19
    Therefore love the stranger, for you were strangers in the land of Egypt.
     
  • LA Times reports :
       
    The Zionist ideal of a Jewish state is keeping Israelis and Palestinians from living in peace.

    By Ben Ehrenreich
    March 15, 2009
    It’s hard to imagine now, but in 1944, six years after Kristallnacht, Lessing J. Rosenwald, president of the American Council for Judaism, felt comfortable equating the Zionist ideal of Jewish statehood with “the concept of a racial state — the Hitlerian concept.” For most of the last century, a principled opposition to Zionism was a mainstream stance within American Judaism.
     
    Even after the foundation of Israel, anti-Zionism was not a particularly heretical position. Assimilated Reform Jews like Rosenwald believed that Judaism should remain a matter of religious rather than political allegiance; the ultra-Orthodox saw Jewish statehood as an impious attempt to “push the hand of God”; and Marxist Jews — my grandparents among them — tended to see Zionism, and all nationalisms, as a distraction from the more essential struggle between classes.
     
    To be Jewish, I was raised to believe, meant understanding oneself as a member of a tribe that over and over had been cast out, mistreated, slaughtered. Millenniums of oppression that preceded it did not entitle us to a homeland or a right to self-defense that superseded anyone else’s. If they offered us anything exceptional, it was a perspective on oppression and an obligation born of the prophetic tradition: to act on behalf of the oppressed and to cry out at the oppressor.
     
    For the last several decades, though, it has been all but impossible to cry out against the Israeli state without being smeared as an anti-Semite, or worse. To question not just Israel’s actions, but the Zionist tenets on which the state is founded, has for too long been regarded an almost unspeakable blasphemy.
     
    Yet it is no longer possible to believe with an honest conscience that the deplorable conditions in which Palestinians live and die in Gaza and the West Bank come as the result of specific policies, leaders or parties on either side of the impasse. The problem is fundamental: Founding a modern state on a single ethnic or religious identity in a territory that is ethnically and religiously diverse leads inexorably either to politics of exclusion (think of the 139-square-mile prison camp that Gaza has become) or to wholesale ethnic cleansing. Put simply, the problem is Zionism.
     
    It has been argued that Zionism is an anachronism, a leftover ideology from the era of 19th century romantic nationalisms wedged uncomfortably into 21st century geopolitics. But Zionism is not merely outdated. Even before 1948, one of its basic oversights was readily apparent: the presence of Palestinians in Palestine. That led some of the most prominent Jewish thinkers of the last century, many of them Zionists, to balk at the idea of Jewish statehood. The Brit Shalom movement — founded in 1925 and supported at various times by Martin Buber, Hannah Arendt and Gershom Scholem — argued for a secular, binational state in Palestine in which Jews and Arabs would be accorded equal status. Their concerns were both moral and pragmatic. The establishment of a Jewish state, Buber feared, would mean “premeditated national suicide.”
     
    The fate Buber foresaw is upon us: a nation that has lived in a state of war for decades, a quarter-million Arab citizens with second-class status and more than 5 million Palestinians deprived of the most basic political and human rights. If two decades ago comparisons to the South African apartheid system felt like hyperbole, they now feel charitable. The white South African regime, for all its crimes, never attacked the Bantustans with anything like the destructive power Israel visited on Gaza in December and January, when nearly1,300 Palestinians were killed, one-third of them children.
     
    Israeli policies have rendered the once apparently inevitable two-state solution less and less feasible. Years of Israeli settlement construction in the West Bank and East Jerusalem have methodically diminished the viability of a Palestinian state. Israel’s new prime minister, Benjamin Netanyahu, has even refused to endorse the idea of an independent Palestinian state, which suggests an immediate future of more of the same: more settlements, more punitive assaults.
     
    All of this has led to a revival of the Brit Shalom idea of a single, secular binational state in which Jews and Arabs have equal political rights. The obstacles are, of course, enormous. They include not just a powerful Israeli attachment to the idea of an exclusively Jewish state, but its Palestinian analogue: Hamas’ ideal of Islamic rule. Both sides would have to find assurance that their security was guaranteed. What precise shape such a state would take — a strict, vote-by-vote democracy or a more complex federalist system — would involve years of painful negotiation, wiser leaders than now exist and an uncompromising commitment from the rest of the world, particularly from the United States.
     
    Meanwhile, the characterization of anti-Zionism as an “epidemic” more dangerous than anti-Semitism reveals only the unsustainability of the position into which Israel’s apologists have been forced. Faced with international condemnation, they seek to limit the discourse, to erect walls that delineate what can and can’t be said.
     
    It’s not working. Opposing Zionism is neither anti-Semitic nor particularly radical. It requires only that we take our own values seriously and no longer, as the book of Amos has it, “turn justice into wormwood and hurl righteousness to the ground.”
     
    Establishing a secular, pluralist, democratic government in Israel and Palestine would of course mean the abandonment of the Zionist dream. It might also mean the only salvation for the Jewish ideals of justice that date back to Jeremiah.
      
    Ben Ehrenreich is the author of the novel “The Suitors.” 

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March 19, 2009 Posted by | GeoPolitics, History | , , | 15 Comments

Jewish Canadians Concerned About Suppression of Criticism of Israel

  • Thank G_d for peace loving Jews. May G_d keep them safe and turn them to Yeshua HaMashiach. From YayaCanada :
     
    James Deutsch, M.D., Ph.D., Judith Deutsch, M.S.W., R.S.W., Miriam Garfinkle, M.D.
     
    Over 150 Jewish Canadians signed a statement expressing their concerns about the campaign to suppress criticism of Israel that is being carried on within Canada. The signatories include many prominent Canadians, including Ursula Franklin O.C., Anton Kuerti O.C., Naomi Klein, Dr. Gabor Mate, and professors Meyer Brownstone (recipient of Pearson Peace Medal), Natalie Zemon Davis, Michael Neumann, and Judy Rebick. *
     
    The signatories are particularly concerned that unfounded accusations of anti-Semitism deflect attention from Israel’s accountability for what many have called war crimes in Gaza. They state that B’nai Brith and the Canadian Jewish Congress have led campaigns to silence criticism of Israel on university campuses, in labor unions and in other groups. Immigration Minister Jason Kenney and Liberal Leader Michael Ignatieff unquestioningly echo the views of these particular Jewish organizations.
     
    They strongly state that they are against all expressions of racism. While firmly committed to resisting any form of prejudice against Jewish people, their statement explicitly states that these spurious allegations of anti-Semitism bring the anti-Communist terror of the 1950s vividly to mind.
     
    The statement underlines the immeasurable suffering and injustice to the Palestinian people due to the severe poverty, daily humiliations, and military invasions inflicted by the State of Israel.
     
    Statement: Jewish Canadians Concerned about Suppression of Criticism of Israel
     
    We are Jewish Canadians concerned about all expressions of racism, anti-Semitism, and social injustice. We believe that the Holocaust legacy “Never again” means never again for all peoples. It is a tragic turn of history that the State of Israel, with its ideals of democracy and its dream of being a safe haven for Jewish people, causes immeasurable suffering and injustice to the Palestinian people.
     
    We are appalled by recent attempts of prominent Jewish organizations and leading Canadian politicians to silence protest against the State of Israel. We are alarmed by the escalation of fear tactics. Charges that those organizing Israel Apartheid Week or supporting an academic boycott of Israel are anti-Semites promoting hatred bring the anti-Communist terror of the 1950s vividly to mind. We believe this serves to deflect attention from Israel’s flagrant violations of international humanitarian law.
     
    B’nai Brith and the Canadian Jewish Congress have pressured university presidents and administrations to silence debate and discussion specifically regarding Palestine/Israel. In a full-page ad in a national newspaper, B’nai Brith urged donors to withhold funds from universities because “anti-Semitic hate fests” were being allowed on campuses. Immigration Minister Jason Kenney and Liberal Leader Michael Ignatieff have echoed these arguments. While university administrators have resisted demands to shut down Israel Apartheid week, some Ontario university presidents have bowed to this disinformation campaign by suspending and fining students, confiscating posters, and infringing on free speech.
     
    We do not believe that Israel acts in self-defense. Israel is the largest recipient of US foreign aid, receiving $3 million/day. It has the fourth strongest army in the world. Before the invasion of Gaza on 27 December 2008, Israel’s siege had already created a humanitarian catastrophe there, with severe impoverishment, malnutrition, and destroyed infrastructure. It is crucial that forums for discussion of Israel’s accountability to the international community for what many have called war crimes be allowed to proceed unrestricted by specious claims of anti-Semitism.
     
    We recognize that anti-Semitism is a reality in Canada as elsewhere, and we are fully committed to resisting any act of hatred against Jews. At the same time, we condemn false charges of anti-Semitism against student organizations, unions, and other groups and people exercising their democratic right to freedom of speech and association regarding legitimate criticism of the State of Israel.
       
  • See also:
     
    Gaza Genocide Must Not Be Forgotten
    Khazar Empire, Illuminati and New World Order
    Richard Falk – Memories of Warsaw Ghetto
    CBS 60 minutes – Exposing Apartheid !
    Gaza 2009 – We will never Forget !
    Solidarity with Gaza – Canberra Australia
    The Truth About the Gaza Massacre!
    History of Zionism – Ethnic Cleansing of Palestine !
    We will not be silent on Gaza!
    UK Jewish MP – Israel Behaving Like Nazis
    Life In Occupied Palestine – Anna Baltzer
    Protests Against Gaza Massacre by Anti Zionist Jews
    Anti Zionist Jews’ Demonstration Against the Zionist Massacre in Gaza
    Zionism is the Cause of the Problems – Rabbi
    Anti Zionist Jews that lived in Palestine Tell Their Story
    AMERICAN JEWS OPPOSE ISRAELI POLICY IN GAZA
    Israelis who Refuse to Serve in the Military – American Jews Protest !

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March 19, 2009 Posted by | GeoPolitics, History | , , | 16 Comments

Ron Paul – I See No Purpose for the Federal Reserve!

  • Let us abolish the FedRes! They are the cause of the current problem.
  • Before 1913, the FedRes did not exist and America was fine. The current USD is only worth 3 cents of the original in terms of purchasing power.

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March 19, 2009 Posted by | Economics | | 6 Comments