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The USA just the other day "Put a Hold" on the entire Solar / Alt Energy Government programs. To "better assess" the situation.
Guess they noticed the huge movement towards Solar, etc. and would like to kill all the fledgling statups and new research.
Dont want anyone to move away from their buddies products now do we?


If we are to "eat inflation" then maybe,
Mr Flat Earth Friedman can eat his
Lexus, and when he's done with that, he
can go out in his back yard and eat his
olive tree !

Bear of Little Brain

Gary, I think he's more likely to be bulldozing the olive tree.

Elaine Meinel Supkis

You know, the giant solar energy farms are not very nice things. I am a huge believer in 'everyone has their own power source' solar systems on all our homes, not these mega-systems in the desert.

Buffalo Ken

Today is the 30th isn't?

Once the names come out then we need to get the dates - accurately.

Then convict, convict, convict.

Buffalo Ken

And solar/wind/renewable, etc. is SO the way to go IAH. And I agree that small-scale is the way to go too. I advocate appropriate technology. Small-scale setups that are easy to maintain and keep working efficiently and locally designed.


Patrick O'Meara

Lawrence Summers says "It was fortunate that a natural merger was available when Bear Sterns Failed" What a f**king crock. JPM received a gift of $29 billion from Chopper Bernanke (backed by taxpayers). JPM stocks are now at a three year low and was the worst performer on Friday dropping 3.5%.
There is nothing natural about this, this is a buddie system, who else was approached over that weekend. Nobody, and what is the fed doing in the bailout business. They are all free enterprizers until it is there elite businesses that are in trouble.


Iranian drone plane buzzes U.S. aircraft carrier in Persian Gulf

The uninvited guest: Chinese sub pops up in middle of U.S. Navy exercise, leaving military chiefs red-faced
10 November 2007

Silkworm Missile


The US Navy is a sitting duck in the pond they call the Persian Gulf. This is probably the most stupid military engagement in the history of the US military, not a shot fired yet and they have already lost and I reckon the US military commanders know this.

Elaine Meinel Supkis

Yes, it is a cul de sac. And we can't stop anyone from making shipping impossible at the tight southern end.

And oops on the date. I was up late last night dealing with the thunderstorm. I put the date in the story beginning back then. Forgot to change it during the day today. I sometimes have three stories backed up in the system here.


Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power.
For seven years, US President George W. Bush refused to allow the IMF to conduct its assessment. Even now, he has only given the IMF board his consent under one important condition. The review can begin in Bush's last year in office, but it may not be completed until he has left the White House. This is bad news for the Fed chairman.
When the final report on the risks of the US financial system is released in 2010 -- and it is likely to cause a stir internationally -- only one of the people in positions of responsiblity today will still be in office: Ben Bernanke.




"I suggest all money flowing to Isreal be cut...Then we cut the future trillions from the occupation of Iraq funds. And then we cut the funds used to patrol Europe, put in missles there, etc. And ditto Japan and South Korea. We withdraw our empire to protect our borders which are exposed to alien break-ins that are destabilizing our cities. Then we balance our budget and rebuild our industrial base!"


Now that's a platform I would donate all my funds and all time to support.

As far as Israel goes, my personal view (admitting that I am very fortunate to need almost no petroleum products for my lifestyle) is: If the U.S. could stay out of it (HAHAHA!!) I would be very happy for the Isrealis and Iranians to do all the rest of us a favor and completely wipe each other off the face of the earth.


I posted my estimate of the likely outcome of a war on Iran in a comment on Raw Story yesterday, and the entire thread got wiped. They quickly replaced it with an almost identical thread! My estimate was rather dire. But I saved the comment in advance. Here it is:

Don't Kid Yourselves

I have read as many reports from military and intelligence analysts as I could find. Either the U.S. leaves the Middle East and pursues energy alternatives, it stays in Iraq and tries to steal the oil there, or it attacks yet another Middle East nation. If the U.S., or Israel, attacks Iran, the results would be catastrophic to it, although the nature of the Iranian response would appear to be quite unpredictable. The most obvious scenario would entail Iran sending 500,000 to 2,000,000 commandos into Iraq to obliterate the American supply lines. This would amount to a siege, and nearly all U.S. troops in the Middle East could be lost. It is unlikely that the U.S. could prevent the destruction of most of the oil production facilities in the Middle East. Iraq would probably be able to sink enough oil tankers in the narrow Straits of Hormuz to block it almost permanently (that's 25% of the world's oil). They probably have enough missiles, including surface hugging supersonic stealth Sunburn missiles, to sink 1/3 of U.S. aircraft carrier groups. If the Russians and Chinese provide military intelligence, which they will, they can destroy many of the U.S. military aircraft that attack them, including $2 billion stealth B2 bombers. They also have many, many other asymmetrical options that are even more frightening. They do have biological weapons. This is just for openers. If for any reason the Iranians appear to be losing a war, the Russians would probably assume that they would be losing all of the Iranian and Caspian Sea oil, a good share of which they will need to maintain economic viability. At that point, they would likely mount an all-out nuclear strike at some random moment.


To Paul, Elaine and all..Heres an incredible story. You may already
know about Van Riper's war game "victory" in a Persian Gulf war scenario......

During the summer of 2002, in the run-up to President Bush's invasion of Iraq, the US military staged the most elaborate and expensive war games ever conceived. Operation Millennium Challenge, as it was called, cost some $250 million, and required two years of planning. The mock war was not aimed at Iraq, at least, not overtly. But it was set in the Persian Gulf, and simulated a conflict with a hypothetical rogue state. The "war" involved heavy use of computers, and was also played out in the field by 13,500 US troops, at 17 different locations and 9 live-force training sites. All of the services participated under a single joint command, known as JOINTFOR. The US forces were designated as "Force Blue," and the enemy as OPFOR, or "Force Red." The "war" lasted three weeks and ended with the overthrow of the dictatorial regime on August 15.

At any rate, that was the official outcome. What actually happened was quite different, and ought to serve up a warning about the grave peril the world will face if the US should become embroiled in a widening conflict in the region.

As the war games were about to commence on July 18 2002, Gen. William "Buck" Kernan, head of the Joint Forces Command, told the press that the operation would test a series of new war-fighting concepts recently developed by the Pentagon, concepts like "rapid decisive operations, effects-based operations, operational net assessments," and the like. Later, at the conclusion of the games, Gen. Kernan insisted that the new concepts had been proved effective. At which point, JOINTFOR drafted recommendations to Gen. Richard Myers, the chairman of the Joint Chiefs of Staff, based on the experiment's satisfactory results in such areas as doctrine, training and procurement.

But not everyone shared Gen. Kernan's rosy assessment. It was sharply criticized by the straight-talking Marine commander who had been brought out of retirement to lead Force Red. His name was Lt. Gen. Paul Van Riper, and he had played the role of the crazed but cunning leader of the hypothetical rogue state. Gen. Van Riper dismissed the new military concepts as empty sloganeering, and he had reason to be skeptical. In the first days of the "war," Van Riper's Force Red sent most of the US fleet to the bottom of the Persian Gulf.


They European wants their money back and say enough and enough. They start pulling IMF to do something.


The fact that the IMF is knocking on the very doors of its parents and waving legal papers about who lost the house, the car and the kids will, if the past is anything to go by, be buried in the US by pom-pom waving on CNBC telling all what a great time it is to buy.

But the news that the US Fed has now lost its last vestige of credibility did not end with the German report.

The Telegraph from London weighed in, following the Royal Bank of Scotland's statement last week (also lost on the US public) that it was time to head for the crags, and reported Barclays Capital's closely watched Global Outlook analysis that said US headline inflation would hit 5.5% by August and the Fed would have to raise interest rates six times by the end of next year to prevent a wage spiral.

If the Fed hesitates, the bond markets will take matters into their own hands. "This is the first test for central banks in 30 years and they have fluffed it," the report found. "They have zero credibility, and the Fed is negative if that's possible. It has lost all credibility."

Der Spiegel reports that the IMF is threatening to seriously study the accounts of America, something President George Bush is determined to prevent at least while he is in the White House, informing the IMF that it can begin its investigation but cannot complete it until he leaves office.

But the reckoning will come and it will shine a light in places where light has been desperately wanted for all too long.

"As part of the assessment," Der Spiegel said, "the Fed, the Securities and Exchange Commission, the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews. Their databases will be subjected to so-called stress tests — worst-case scenarios designed to simulate the broader effects of failures of other major financial institutions or a continuing decline of the dollar."

Elaine Meinel Supkis

I wrote about the war games that were 'redone' because the asymmetrical warfare 'warriors' won against the US Navy. The Navy has a glorious history of being caught with the anchors down and no defenses. After experimenting with this concept in Havana, Cuba at the end of the 19th century, this was expanded upon with the WWI sinking of the Lusitania sinking and then the spectacular Pearl Harbor disaster and then to start yet a fourth war, the War in Vietnam, the navy had to BE VERY STUPID AND CRAPPY.

See a pattern here? The navy fouls up and gets sunk and we declare war and hammer someone! This is why our navy is really a bunch of SITTING DUCKS that NEED to be LOUSY FIGHTERS and need to be SUNK first! Then we get to declare war! If we float about the place presenting grand opportunities for sinking, we get goodies!

Then there is the Liberty: this ship was maliciously sunk by Israelis who hoped this could be blamed...when they murder all the sailors...on EGYPT. Like the Vietnam war ship stupidity or the blown up Maine that was probably a boiler blowing up, this could be turned on someone innocent to launch a war.

We are so lucky the US public was sick and tired of wars at that point and also enough sailers survived, they had to be abused and maltreated to shut them up. The captain of this ship died this month, you know!

Bitter as hell over the coverup of the murder of his men. To this day, no US media outlet will interview the survivors or cover this story.


As Calculated Risk is covering up for Israeli mega-contributions to U.S. inflation problems, so is Mish's Global by declaring that, given his understanding of our economic statistics, inflation is all but impossible.

So much for arrested development.


"Inflation all but Impossible"

Baby's into runnin' around
Hanging with the crowd
Putting your business in the street talking out loud
Saying you bought her this and that
And how much you done spent
I swear she must believe it's all heaven sent
Hey boy, you better bring the chick around
To the sad, sad truth, the dirty lowdown

(Whooooo, I wonder, wonder, wonder, wonder who)
Taught her how to talk like that
(Whooooo, I wonder, wonder, wonder, wonder who)
Gave her that big idea

Nothing you can't handle, nothing you ain't got
Put the money on the table and drive it off the lot
Turn on that ole lovelight and turn a maybe to a yes
Same old schoolboy game got you into this mess
Hey son, better get on back to town
Face the sad old truth, the dirty lowdown

(Whooooo, I wonder, wonder, wonder, wonder who)
Put those ideas in your head
(Whooooo, I wonder, wonder, wonder, wonder who)

Come on back down earth, son
Dig the low, low, low, low lowdown

You ain't got to be so bad got to be so cold
This dog eat dog existence sure is getting old
Got to have a Jones for this Jones for that
This running with the Joneses boy
Just ain't where it's at
You gonna come back around
To the sad, sad truth, the dirty lowdown

(Whooooo, I wonder, wonder, wonder, wonder who)
Got you thinking like that boy
(Whooooo, I wonder, wonder, wonder, wonder who)

Elaine Meinel Supkis

G, can you find that tune on You Tube? I'll post it. :)


You remark correctly "The push for a war with Iran continues and gets worse and worse ... This is not only illegal and amoral but will drive the cost of oil through the roof ...."

Yes that is true, but one must look inside their mind ... yes go inside their mind ... to understand them.

Western World Govenment was formed by agreement of European and US leaders on April 30, 2007 and announced at the EU US Summit of April 30, 2007.

The Framework Agreement was based upon success from prior meetings
Sumario: June 23, 2003: EU-US Summit - Washington, 25 June 2003 (Brussels)

Press Release of 6-20-2005 EU-US Summit

Then to top it all off, the Declaration of EU US Summit 2008 of June 10, 2008 announced the leaders unified western world governmental authority to address global security threats.

Elaine, its all in the mind.


Elaine....I dont know if that song is
filmed on YouTube..

Its called, "Lowdown" by Boz Scaggs.

He did this song in the early 70's. I saw
him at a triple-bill concert in Schaeffer Stadium along w/Fleetwood Mac and the Eagles.
He's done some other great songs as well.

Elaine Meinel Supkis

G, I will look for it.

Richard: you are right. The G7 want war and will get war. They wanted the Iraq war and got it, too. In spades. Obviously, no lessons were learned there.

The precious oil is bankrupting us!

Elaine Meinel Supkis

Found it at You Tube: http://www.youtube.com/results?search_query=Low+Down+Boz+Scaggs&search_type=


I'll sing you a song about a Persian Gulf - Pearl Harbor,
Our might steamed through the straights led by many a political whore,
First came the scatter shot of media lies,
Herd mentality and fatalism led to many sighs,
Tomorrow's sunrise may shine through a web of silkworms,
Then the squirming will really commence amongst the consumer worms,

Chorus - No body to blame but ourselves,
as we stare at empty shelves,

Buffalo Ken

hell yeah jojo, sing a song...


This is one of the most essential documents to read IMMEDIATELY!


The British Empire still exists as an active threat to the
world today, though the name has since become taboo. If
you’ve bought in to the media cover stories that history occurs
only as isolated local events and are thinking, “I don’t believe
in conspiracy theories,” then you don’t know history. In reality
the same financier and oligarchical circles which were responsible
for the China opium wars throughout the 18th-19th
centuries, typified by the ancient imperial models of Babylon,
Persia, and Venice, are responsible for creating the current
global financial and economic collapse.
George Soros is one of the main British instruments, carefully
chosen to be a front man of the Empire, covering up for
its disgusting looting policy, now known, euphemistically, as
globalization. Through organizations such as Human Rights
Watch and Open Society, Soros pushes drugs and destroys nations.
Soros says that now, “The United States, like nineteenth-
century Britain, also has an interest in keeping international
markets and global commons, such as the oceans, open
to all.” Just like the British East India Company’s devastation
of India and China through two opium wars and decades of
free trade, the same Empire calls on Soros as the assassin in
the destruction of the United States. It is only through the
obliteration of British hack George Soros and the British
Empire which he represents, that we can hope to sober up the
United States today.

Elaine Meinel Supkis


The US rules the Seven Seas. So we have the burdens of empire and the fate of empires: we go bankrupt trying to do this. Britain went bankrupt. France, ditto. Spain. When the 'seven seas' was control of the Mediterranean Sea, Rome did this. Greece. The Islamic Empires like the Ottoman did this. They succeed and then go bankrupt due to the high costs and the moral turpitude this sort of 'global' rule entails.

England has merely latched onto the US so they can joyride for another 100 years. Both the US and England are going bankrupt for identical reasons.


OK, how about this factoid on our buddy Volcker with some Cherry board memberships?


Nestlé chairman Helmut Maucher is on the board of J.P. Morgan, British intelligence's leading bank in the United States. Its board of directors serves as a retirement home for the world's central bankers: Fritz Leutwiller, former chairman of the Basel, Switzerland Bank for International Settlements, the central bank of central banks, is on Nestlé's board, as is Paul Volcker, who, as chairman of the U.S. Federal Reserve Board in 1979 and the early 1980s, put the world economy through what was referred to as "controlled disintegration."

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