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Socio-Economics & History Commentary

Bombshell Eyewitness Revelations: Confirmed FBI Cover-Up Of Flight 253 Attack!

December 30, 2009 Posted by | GeoPolitics | , | 2 Comments

Renminbi Set To Replace US dollar For Trade In Asia Pacific!

  • The recent USD strength has put some doubts into dollar ‘doomsters’ . Well, not me. There is no fundamental reason why the USD should strengthen. No price moves ever go straight up or down. In any bull or bear market, price moves are always characterized by waves. It is like the tide going down, you will still get waves moving up and down. The current upward strength of the USD is just normal market wave action. It will resume its down trend soon.
  • Governments around the world know that the USD is toast. However, any sharp devaluation of it will result in massive losses for these governments. Thus, they want to see a gradual slide for the USD.
  • Real steps are being taken to move away from the USD rapidly. This is in anticipation of a collapse of the USD. reports:
    Hong Kong moves to position itself as clearing hub for renminbi-based transactions
    The Chinese renminbi is taking on an increased role in the Asia-Pacific region, and is expected over time to replace traditionally dominant currencies such as the US dollar and the euro for certain transactions.
    Chinese government policy changes have enabled Asian corporates to settle trades with their Chinese counterparts in renminbi. And increased intra-Asian trading volume may lead Beijing to also consider allowing other trade-related insurance and derivatives denominated in renminbi to be done offshore, according to bankers and regulators in Hong Kong.
    Norman Chan Tak-lam, chief executive of the Hong Kong Monetary Authority (HKMA), said Beijing is studying the idea of introducing more renminbi-denominated investment products in Hong Kong, expanding on the authorities’ approval for renminbi-denominated bonds issued by mainland financial institutions being made available for Hong Kong investors.
    Currently, the renminbi is not fully convertible, but the Chinese government has made a number of arrangements with various countries so that trades between China and these countries could be settled directly in renminbi, instead of US dollars.
    John Coverdale, HSBC’s global co-head of commercial banking based in Hong Kong, said Asia has come to an important juncture where the renminbi trade settlement pilot scheme launched in July has effectively made the currency a new force governing intra-Asian cross-border trades. “We are right at the dawning of the age of a wider convertibility of the renminbi currency and therefore a wider use of it for trade and other purposes,” said Coverdale. “We have not seen the evolution of a new currency for a long time. We can effectively call it a new currency in a newly emerged market. It is a new force.”
    Since the inception of the trade settlement pilot scheme, 173 transactions amounting to 230 million renminbi ($33.6 million) have been conducted between mainland China and Hong Kong. The pilot scheme allows for 400 approved Chinese enterprises in five approved cities – Shanghai, Guangzhou, Shenzhen, Dongguan and Zhuhai – to settle trades with their counterparts in Hong Kong, Macau and Association of Southeast Asian Nation (Asean) member countries.
    Banks in these countries outside China are now allowed to open renminbi accounts with mainland banks for trade-related clearing, and enterprises in these countries can now also start to accumulate renminbi liquidity for trade purposes.
    HSBC, for example, helped a Hong Kong manufacturer of printed circuit boards located in Guangdong province receive 15 million renminbi through its trade settlement services, which then used the funds to invest in renminbi-denominated bonds. “The next evolutionary step is that you’d see increased volume of trade settled in renminbi. The authorities in China will start to give us more exporters to settle with,” said Coverdale.
    Stanley Chan, head of HKMA’s financial infrastructure development, says based on the $434.78 billion value of total trade volume in Hong Kong and Asean countries, if 5% of such import and export volume were to be settled in renminbi, it would translate into settlement volumes of $21.74 billion. With $129.9 billion total export value to China from Hong Kong and Asean countries in 2008, a 5% trade settlement will translate to $6.5 billion of offshore renminbi liquidity.
    “The renminbi has been stable since May 2008. It [qualifies as] an alternative currency to the US dollar in this region when viewed against other Asian currencies’ exchange rates versus that of the US dollar,” Chan told delegated attending the Asia Risk Congress 2009 in November. “Such stability incentivises companies in Southeast Asia and Hong Kong to use renminbi for trade settlement.”
    Chan said the payment and security settlement system of Hong Kong also gives the city an advantage to develop as an important offshore renminbi clearing centre because of its seamless interface with the real-time gross settlement system of China. He says if a Southeast Asian bank wants to conduct foreign exchange transactions with a mainland bank – including derivatives transactions, if so allowed in the future by Beijing – they could do so by becoming a direct participant of Hong Kong’s real-time gross settlement system, which is also linked with the US dollar and euro systems.
    “More importantly, there will be interbank money market between participants of this system… as direct participants of the [Hong Kong] settlement system can now freely lend and borrow to each other,” he said. As the sources of fund and scope of assets in renminbi expand, banks might one day also be allowed to offer other financial services, such as renminbi-denominated insurance policies. Meanwhile, Coverdale said he believes holders of renminbi-denominated bonds are now considering using these securities to obtain secured lending, not only in renminbi but also for any other currencies.
    However, he considers the development of a renminbi interbank market in Hong Kong as being contingent more on the timing of when the currency becomes convertible. “An offshore renminbi interbank market will not be developed until the currency is properly and freely traded,” said Coverdale. “There is probably a limited appetite for holding a currency that is not freely convertible, so from a risk perspective, an interbank market and convertibility of a currency tends to go hand-in-hand.”


December 30, 2009 Posted by | Economics | , , , , , , | Comments Off on Renminbi Set To Replace US dollar For Trade In Asia Pacific!

Professors Philips and Huff: Inside the Military Media Industrial Complex!

  • The western MSM is complicit in the many unnecessary wars which the Illuminati controlled military industrial complex has started. We are being lied to constantly. Wars are promoted by the MSM for the profit of the military industrial complex, for Big Oil…. and ultimately for their Illuminati owners.
  • More wars are coming because these Satanic globalists have lost massively in Copenhagen. Their man-made global warming scam was soundly defeated. However, I doubt they will give up their drive for world government and the global fascist police state. 
    “We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.”
    James Paul Warburg, (1896-1969) son of Paul Moritz Warburg, nephew of Felix Warburg and of Jacob Schiff, both of Kuhn, Loeb & Co. which poured millions into the Russian Revolution through James’ brother Max, banker to the German government, Chairman of the CFR …while speaking before the United States Senate, February 17, 1950
  • Keep in mind Illuminati banksters own a large portion of the world. These bloodlines are generational Satanists. The coming Anti-Christ will be violent man of war while promoting peace in lies!
    Daniel 11:36-39 (New King James Version)
    36 “Then the king shall do according to his own will: he shall exalt and magnify himself above every god, shall speak blasphemies against the God of gods, and shall prosper till the wrath has been accomplished; for what has been determined shall be done. 37 He shall regard neither the God[k] of his fathers nor the desire of women, nor regard any god; for he shall exalt himself above them all. 38 But in their place he shall honor a god of fortresses; and a god which his fathers did not know he shall honor with gold and silver, with precious stones and pleasant things. 39 Thus he shall act against the strongest fortresses with a foreign god, which he shall acknowledge, and advance its glory; and he shall cause them to rule over many, and divide the land for gain.
  • Global Research reports:
    Among the most important corporate media censored news stories of the past decade, one must be that over one million people have died because of the United States military invasion and occupation of Iraq.  This, of course, does not include the number of deaths from the first Gulf War nor the ensuing sanctions placed upon the country of Iraq that, combined, caused close to an additional one million Iraqi deaths. In the Iraq War, which began in March of 2003, over a million people have died violently primarily from US bombings and neighborhood patrols.  These were deaths in excess of the normal civilian death rate under the prior government.  Among US military leaders and policy elites, the issue of counting the dead was dismissed before the Iraqi invasion even began.  In an interview with reporters in late March of 2002 US General Tommy Franks stated, “You know we don’t do body counts.”[i] Fortunately, for those concerned about humanitarian costs of war and empire, others do.
    The second study published in October 2006 documented over 650,000 civilian deaths in Iraq since the start of the US invasion and confirmed that US aerial bombing in civilian neighborhoods caused over a third of these deaths. Over half the deaths were directly attributable to US forces. The now estimated 1.2 million dead six years into the war/occupation, included children, parents, grandparents, cab drivers, clerics and schoolteachers. All manner of ordinary Iraqis have died because the United States decided to invade their country under false pretences of undiscovered weapons of mass destruction and in violation of international law. An additional four to five million Iraqi refugees have fled their homes. The magnitude of these million-plus deaths and creation of such a vast refugee crisis is undeniable. The continuing occupation by US forces has guaranteed a monthly mass death rate of thousands of people a carnage that ranks among the most heinous mass killings in world history. More tons of bombs have been dropped in Iraq than in all of World War II.[iii] Six years later the casualties continue but the story, barely reported from the start, has vanished.
    The American people face a serious moral dilemma. Murder and war crimes have been conducted in their name. Yet most Americans have no idea of the magnitude of deaths and tend to believe that they number in the thousands and are primarily Iraqis killing Iraqis.  Corporate mainstream media are in large part to blame. The question then becomes how can this mass ignorance and corporate media deception exist in the United States and what impact does this have on peace and social justice movements in the country?[iv]
    Truth Emergency and Media Reform
    In the United States today, the rift between reality and reporting has peaked. There is no longer a mere credibility gap, but rather a literalTruth Emergency in which the most important information affecting people is concealed from view. Many Americans, relying on the mainstream corporate media, have serious difficulty accessing the truth while still believing that the information they receive is the reality. A Truth Emergency reflects cumulative failures of the fourth estate to act as a truly free press. This truth emergency is seen in inadequate coverage of fraudulent elections, pseudo 9/11 investigations, illegal preemptive wars, torture camps, doctored intelligence, and  domestic surveillance.   Reliable information on these issues is systematically missing in corporate media outlets, where the vast majority of the American people continue to turn for news and information.
    The Global Dominance Group and Information Control
    A long thread of sociological research documents the existence of a dominant ruling class in the US, which sets policy and determines national political priorities. C. Wright Mills, in his 1956 book The Power Elite, documented how World War II solidified a trinity of power in the US that comprised corporate, military and government elites in a centralized power structure working in unison through “higher circles” of contact and agreement.
    [vi] This power has grown through the Cold War and, after 9/11, the Global War on Terror.
    At present, the global dominance agenda includes penetration into the boardrooms of the corporate media in the US. Only 118 people comprise the membership on the boards of director of the ten big media giants. These 118 individuals in turn sit on the corporate boards of 288 national and international corporations. Four of the top 10 media corporations share board director positions with the major defense contractors including:
    William Kennard: New York Times, Carlyle Group
    Douglas Warner III, GE (NBC), Bechtel
    John Bryson: Disney (ABC), Boeing
    Alwyn Lewis: Disney (ABC), Halliburton
    Douglas McCorkindale: Gannett, Lockheed-Martin.
    Given an interlocked media network of connections with defense and other economic sectors, big media in the United States effectively represent the interests of corporate America. Media critic and historian Norman Solomon described the close financial and social links between the boards of large media-related corporations and Washington’s foreign-policy establishment: “One way or another, a military-industrial complex now extends to much of corporate media.”[vii] The Homeland Security Act Title II Section 201(d)(5) provides an example of the interlocked military-industrial-media complex. This Act specifically asks the directorate to “develop a comprehensive plan for securing the key resources and critical infrastructure of the United States including information technology and telecommunications systems (including satellites) emergency preparedness communications systems.”
    The media elite, a key component of the Higher Circle Policy Elite in the US, are the watchdogs of acceptable ideological messages, the controllers of news and information content, and the decision makers regarding media resources. Their goal is to create symbiotic global news distribution in a deliberate attempt to control the news and information available to society. The two most prominent methods used to accomplish this task are censorship and propaganda.
    Modern Media Censorship and Propaganda
    A broader definition of contemporary censorship needs to include any interference, deliberate or not, with the free flow of vital news information to the public. Modern censorship can be seen as the subtle yet constant and sophisticated manipulation of reality in our mass media outlets. On a daily basis, censorship refers to the intentional non-inclusion of a news story – or piece of a news story – based on anything other than a desire to tell the truth. Such manipulation can take the form of political pressure (from government officials and powerful individuals), economic pressure (from advertisers and funders), and legal pressure (the threat of lawsuits from deep-pocket individuals, corporations, and institutions). or threats to reduce future access to governmental and corporate sources of news. Following are a few examples of censorship and propaganda.
    1. Omitted or Undercovered Stories- The failure of the corporate media to cover human consequences, like one million , mostly civilian deaths of Iraqis, reduces public response to the wars being conducted by the US. Even when activists do mobilize, the media coverage of anti-war demonstrations has been negligible and denigrating from the start.   When journalists of the so-called free press ignore the anti-war movement, they serve the interests of their masters in the military media industrial complex.[ix]
    Further, the corporate mainstream press continues to ignore the human cost of the US war in Iraq with America’s own veterans. Veteran care, wounded rates, mental disabilities, VA claims, first hand accounts of soldier experiences, and pictures of dead or limbless soldiers are rare. One of the most important stories missed by the corporate press concerned the Winter Soldier Congressional hearings in Washington, D.C.  The hearings, with eyewitness testimony of US soldiers relating their experiences on the battlefield and beyond, were only covered by a scant number of major media, and then only in passing. In contrast to the virtual corporate media blackout concerning American soldiers’ views of the war, the independent, listener sponsored, community Pacifica Radio network covered the hearings at length.[x]
    2. Repetition of Slogans and Sound Bites- The corporate media in the US present themselves as unbiased and accurate. The New York Times motto of “all the news that’s fit to print” is a clear example, as is CNN’s authoritative “most trusted name in news” and Fox’s mantra of “fair and balanced.” The slogans are examples of what linguist George Lakoff has referred to as framing. Through constant repetition, the metaphors and symbols that pervade our media turn into unquestioned beliefs.  Terms like “liberal media,” “welfare cheaters,” “war on terror,” illegal aliens,” “tax burden,” “support our troops,” are all distorted images serving to conceal a transfer of wealth from people needing a safety net to corporations seeking profitable markets and military expansion.
    3. Embedded Journalism- The media are increasingly dependent on governmental and corporate sources of news. Maintenance of continuous news shows requires a constant feed and an ever-entertaining supply of stimulating events and breaking news bites. The 24-hour news shows on MSNBC, Fox and CNN maintain constant contact with the White House, Pentagon, and public relations companies representing both government and private corporations.
    By the time of the Gulf War in 1991, retired colonels, generals and admirals had become mainstays in network TV studios during wartime. Language such as “collateral damage” and “smart bombs” flowed effortlessly between journalists and military men, who shared perspectives on the occasionally mentioned but more rarely seen civilians killed by U.S. firepower.  This clearly foreshadowed the structure of “embedded” reporting in the second Iraq War, where mainstream corporate journalists literally lived with the troops and had to submit all reports for  military review.[xiii] A related militarization of news studies by Diane Farsetta at the Center for Media Democracy documented a related introduction of bias. These investigations showed Pentagon propaganda penetration on mainstream corporate news in the guise of retired Generals as “experts” or pundits who turned out to be nothing more than paid shills for government war policy.[xiv]
    The continued expansion of independent internet news sources allows for the mass political awareness of key issues and truth emergencies in the world. The involvement of university and college professors and their students in validating news stories will be an important component of reliability verification of these sources. As we learn who we can trust in the independent news world, we will be in a stronger position for the continued development and expansion of democratic social movement/anti-war efforts in the future.
    It is up to the people to unite and oppose the common oppressors manifested in a militarist and unresponsive government along with their corporate media courtiers and PR propagandists.  Only then, when the public forms and controls its own information resources, will it be armed with the power that knowledge gives to move beyond the media induced mindsets that limit change to modest reform. Grassroots media providing voice to those who would challenge elite domination are our best hope to create a truly vibrant democratic society that promises as well as delivers liberty, peace, and economic justice to all.
    Peter Phillips is a Professor of Sociology at Sonoma State University and President  of the Media Freedom Foundation and recent past director of Project Censored.
    Mickey Huff is an Associate Professor of History and Social Science at Diablo Valley College and serves on the executive committee of the Media Freedom Foundation and is recent past associate director of  Project Censored. 


December 30, 2009 Posted by | EndTimes, GeoPolitics, Social Trends | , , | 4 Comments

Gaza: Genocide in Slow Motion!

  • Alarm bells are ringing, words are spreading of a ‘Final Solution’ by the Zionist genocidal maniacs. The complete ethnic cleansing of the Palestinian people. Whether it is true or not remains to be seen. But it is obvious the genocidal mad men who run Zionist Israel are capable of doing this. Alan Hart writes:
    On the first anniversary of the beginning of Israel’s war on the Gaza Strip – in my view it was a demonstration of Israeli state terrorism at its most naked – it’s not enough to say that the governments of the Western powers (and others) are complicit in Israel’s on-going collective punishment of 1.5 million Palestinians, 53% of whom are children.
    What is actually happening in the blockaded Gaza Strip, and less obviously on the occupied West Bank, is the continuation by stealth of Zionism’s ethnic cleansing of Palestine. My friend Professor Ilan Pappe, Israel’s leading “revisionist” (meaning honest) historian and author of The Ethnic Cleansing of Palestine, would and has put it another way. What we are witnessing is, in his words, “genocide in slow motion.” And that, really, is what the governments of the Western powers (and others) are complicit in. The question that provokes in my mind is: Why, really, are the major powers (and others) allowing it to happen?
    The only answer that makes some sense to me is this. They have concluded, but cannot say, that nuclear-armed Israel, with the assistance of the Zionist lobby in all of its manifestations, is a monster beyond control. In my analysis it’s possible to identify the moment in history when the major powers abandoned any hope they might have had of containing Zionism’s colonial ambitions.
    It came, the moment, in the immediate aftermarth of the 1967 war.
    Contrary to Zionism’s version of the story, it was a war of Israeli aggression not self-defense. As I document in some detail in my book Zionism: The Real Enemy of the Jews, Israel’s military and political leaders knew the Arabs were not intending to attack.
    That being so, what the major powers ought to have said to Israel (in the diplomatic language of a Security Council Resolution and more explicitly behind closed doors) is something like: “Aggression cannot be rewarded. Aggressors cannot keep territory conquered in war. You are now required to get the hell out of it without laying down conditions for your withdrawal.”
    To drive home the point, they could and should have reminded Israel of what President Eisenhower said to the people of America when he demanded Israel’s unconditional withdrawal from Egyptian territory after its collusion with Britain and France in 1956. Eisenhower, the first and the last American president to contain Zionism, said this:
    If we agree that armed attack can properly achieve the purposes of the assailant, then I fear we will have turned back the clock of international order. We will have countenanced the use of force as a means of settling international differences and gaining national advantage… If the UN once admits that international disputes can be settled using force, then
    we will have destroyed the very foundation of the organisation and our best hope for establishing a real world order.”
    As it happened, the major powers could not say that to Israel in 1967 because the Johnson administration had colluded with Israel to the extent of giving it the greenlight to smash Eygpt’s armed forces, in the hope that a humiliating defeat for them would lead to the overthrow of President Nasser.
    But also true is that President Johnson sought and obtained an assurance that Israel would not take advantage of the war situation to grab Jordanian and Syrian territory. It was because some in the Johnson administration (probably Defense Secretary McNamara and the Joint Chiefs of Staff) didn’t trust Israel to keep its word that the U.S. spy ship, the Liberty, was stationed off the Israel/Gaza coast to listen to IDF movement orders. And it was because Israeli Defense Minister Dayan didn’t want Johnson to know that he intended to take the West Bank and the Golan Heights that he, Dayan, ordered the attack on the Liberty. (The full story of that attack and Johnson’s cover-up of it is also in my book, in a chapter headed The Liberty Affair – “Pure Murder” on a “Great Day”).
    Despite that, the major powers, including and led by America, could still have acted firmly to contain Zionism’s colonial ambitions. They could have said to Israel something like: “We can just about live with the fact that you will retain the newly occupied Arab territories as a bargaining chip, to be exchanged for peace with your Arab neighbours, but we will not allow you to settle those territories. Not one building. If you defy us on this matter, the Security Council will authorize enforcement action as necessary to oblige you to comply with international law.”
    In what became Security Council Resolution 242, it was the failure of the major powers to read the riot act to Israel on the matter of not settling the newly occupied territories that marks the moment when they, the major powers, became resigned to the fact that the Zionist state, assisted by its awesomely powerful global lobby, was a monster they could not control. (They could slap it on the wrist from time to time but not control it).
    The lesson of the cold-blooded attack on the Liberty was that there is nothing the Zionist state might not do, to its friends as well as its enemies, in order to get its own way. (In my book I explain, on the basis of a conversation with Dayan, the real reason for Israel’s decision to acquire a nuclear arsenal. It was to have the deterrent threat capability of saying to its friends, “Don’t push us further than we are prepared to go or we’ll use these things.”)
    So in the full light of the truth of history as it relates to the making and sustaining of conflict in and over Palestine that became Israel, it’s not surprising that the major powers (and others) are today complicit, more by default than design I say, in Zionism’s crimes.
    Alan Hart is a former ITN and BBC Panorama foreign correspondent who covered wars and conflicts wherever they were taking place in the world and specialized in the Middle East. Author of Zionism: The Real Enemy of the Jews: The False Messiah (Zionism, the Real Enemy of the Jews). He blogs on 

Revelation 2:9 - .... and I know the blasphemy of those who say they are Jews and are not, but are a synagogue of Satan.


December 30, 2009 Posted by | GeoPolitics, History | , , , , | Comments Off on Gaza: Genocide in Slow Motion!

Webster Tarpley: Christmas US Plane Bomb Plot is An Al-CIADa False Flag Attack!


December 30, 2009 Posted by | GeoPolitics | , , | 1 Comment