new world order

The No-Name European Committee That Made the $13 Billion Guarantee to Cypriot Banks

"The Eurogroup held a teleconference this evening to take stock of the situation in Cyprus. The eurozone's decision-making institution on the euro is an informal committee of finance ministers. The committee has no official name. It has no official power. It is not voted into office. In the Lisbon Treaty, which went into effect on January 1, 2009, this no-name informal committee at last got its legal status. This no-name Committee promised Cyprus banks $13 billion worth of euros over the weekend, on its own authority, and answerable to no one in any European parliament, including the European Union. This is called democracy in Europe." Continue reading →

Continue ReadingThe No-Name European Committee That Made the $13 Billion Guarantee to Cypriot Banks

Ten years after war, Iraq emerges as a major arms buyer

"Ten years after the invasion that smashed Iraq’s military, the country has become a major buyer of military equipment, spending billions to rebuild its armed forces. In doing so, Iraq has become a customer of some of the same companies that supplied the weapons used to attack Baghdad’s troops in 2003. Some 54 companies from 13 countries participated in the show, advertising equipment ranging from jet aircraft, drones, missiles and shells to gas masks, uniforms and boots. With a security and defence budget of about $16.4 billion for 2013 and a commitment to rebuilding its forces, Iraq offers significant opportunities for defence and security firms." Continue reading →

Continue ReadingTen years after war, Iraq emerges as a major arms buyer

Ten years after war, Iraq emerges as a major arms buyer

"Ten years after the invasion that smashed Iraq’s military, the country has become a major buyer of military equipment, spending billions to rebuild its armed forces. In doing so, Iraq has become a customer of some of the same companies that supplied the weapons used to attack Baghdad’s troops in 2003. Some 54 companies from 13 countries participated in the show, advertising equipment ranging from jet aircraft, drones, missiles and shells to gas masks, uniforms and boots. With a security and defence budget of about $16.4 billion for 2013 and a commitment to rebuilding its forces, Iraq offers significant opportunities for defence and security firms." Continue reading →

Continue ReadingTen years after war, Iraq emerges as a major arms buyer

Costly Iraq war left U.S. no stronger in Middle East

"The US-led invasion of Iraq overthrew a dictator, but 10 years on the war is seen to have destabilized the Middle East, exposed the limits of military power and left America no stronger than before. With US forces having withdrawn after the deaths of almost 4,500 American troops and an estimated $1 trillion outlay, there is little soul-searching in Washington today about a war that has faded from public consciousness. And 10 years after the 'shock and awe' that launched Operation Iraqi Freedom, removing Saddam Hussein from power, most analysts and diplomats agree the Iraq war did nothing to improve the US position in the Middle East." Continue reading →

Continue ReadingCostly Iraq war left U.S. no stronger in Middle East

Costly Iraq war left U.S. no stronger in Middle East

"The US-led invasion of Iraq overthrew a dictator, but 10 years on the war is seen to have destabilized the Middle East, exposed the limits of military power and left America no stronger than before. With US forces having withdrawn after the deaths of almost 4,500 American troops and an estimated $1 trillion outlay, there is little soul-searching in Washington today about a war that has faded from public consciousness. And 10 years after the 'shock and awe' that launched Operation Iraqi Freedom, removing Saddam Hussein from power, most analysts and diplomats agree the Iraq war did nothing to improve the US position in the Middle East." Continue reading →

Continue ReadingCostly Iraq war left U.S. no stronger in Middle East

MI6 and CIA were told before invasion that Iraq had no active WMD, claims new documentary

"British and US intelligence agencies were informed by top sources months before the invasion that Iraq had no active WMD programme, and the information was not passed to subsequent inquiries. Naji Sabri, Saddam's foreign minister, told the CIA's station chief in Paris at the time, Bill Murray, through an intermediary that Iraq had 'virtually nothing' in terms of WMD. Three months before the war an MI6 officer met Iraq's head of intelligence, Tahir Habbush al-Tikriti, who also said that Saddam had no active WMD. The meeting in the Jordanian capital took place days before the British government published its now widely discredited Iraqi weapons dossier in September 2002." Continue reading →

Continue ReadingMI6 and CIA were told before invasion that Iraq had no active WMD, claims new documentary

MI6 and CIA were told before invasion that Iraq had no active WMD, claims new documentary

"British and US intelligence agencies were informed by top sources months before the invasion that Iraq had no active WMD programme, and the information was not passed to subsequent inquiries. Naji Sabri, Saddam's foreign minister, told the CIA's station chief in Paris at the time, Bill Murray, through an intermediary that Iraq had 'virtually nothing' in terms of WMD. Three months before the war an MI6 officer met Iraq's head of intelligence, Tahir Habbush al-Tikriti, who also said that Saddam had no active WMD. The meeting in the Jordanian capital took place days before the British government published its now widely discredited Iraqi weapons dossier in September 2002." Continue reading →

Continue ReadingMI6 and CIA were told before invasion that Iraq had no active WMD, claims new documentary

Economists warn Cyprus will face a recession ‘for decades’ after EU deposit tax

"The controversial tax is seen hitting Russian pockets hard, with experts estimating that Russian deposits in Cypriot banks amount to at least 15.4 billion euros of the estimated 67 billion euros of deposits held by Cyprus banks. Russian President Vladimir Putin criticised the proposed tax, describing it, according to a Kremlin spokesman, as 'unfair, unprofessional and dangerous'. Russian Prime Minister Dmitry Medvedev was equally forthright. 'We should say this directly: this simply looks like the confiscation of other people’s money,' Russian news agencies quoted him as saying. 'I do not know who the author of this idea is, but this is what it looks like.'" Continue reading →

Continue ReadingEconomists warn Cyprus will face a recession ‘for decades’ after EU deposit tax

A Fiscal Lesson in Cyprus for Americans

"Would the U.S. government ever do these sorts of things? Well, don’t forget that President Roosevelt did it during the Great Depression when he nationalized gold and made it a felony offense to own it, notwithstanding the fact that it had been the official constitutional money of the United States since the founding of the nation. FDR ordered Americans to deliver their gold to the federal government, which paid them off in cheapened, devalued, irredeemable notes. It was a confiscation of wealth no different in principle from that that was done by the Argentine government and that is now being conducted by the Cyprus government." Continue reading →

Continue ReadingA Fiscal Lesson in Cyprus for Americans

The Deeper Meanings of Cyprus

"This is not just the perfection of neocolonialism but of neofeudalism as well. The peripheral nations of the E.U. are effectively neocolonial debtors of the core (quasi-Imperial) banks, and the taxpayers of the core nations (now reduced to Germany and The Netherlands) are now feudal serfs whose labor is devoted to making good on any bank loans to the periphery that go bad. Though we can term the E.U. a plutocracy or oligarchy, the neofeudal structure compels us to distinguish a class of those holding wealth and political power that is not limited to national border: this is an Aristocracy." Continue reading →

Continue ReadingThe Deeper Meanings of Cyprus