Posts Tagged ‘lies’

GENEVA — The World Health Organization convened a meeting of an emergency advisory group Saturday to discuss the outbreak of swine flu which has infected people in Mexico and the southwestern United States.

WHO Director General Dr. Margaret Chan said the group would advise her on whether the worrying disease outbreak, which is reported to have claimed at least 20 lives so far, should be deemed a public health emergency of international concern.

NAPOLITANO SAYS US SHOULD SHOULD PREPARE FOR NEW FLU OUTBREAK SOON EVEN IF THIS ONE FIZZLES OUT (Reuters, 2009).

The world scientific community, including many disease research organizations, and scientific experts have been predicting an over due appearance of a pandemic similar to the Spanish flu and the black plague for many decades now. The former was responsible for the death of some 50 million people worldwide in the first half of the 20th century (1914) and was so deadly that the victims’ corpses were quickly and effectively destroyed due to fears of re-emergence. The death of 50 million people devastated world economies because of both human capital loss, but also mass protectionism due to quarantined borders. A pandemic would deal a major blow to a world economy already knocked into its worst recession in decades by the crisis in financial markets.
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History suggests a new pandemic is long overdue, but has been delayed by accidental discoveries of anti-biotics. Politicians can ignore it, like they are effectively doing concerning the economic crises, but eventually it comes around full force, hitting victims devastatingly hard. The three pandemics of the 20th century were all linked to birds, but the new emerging viral disease has spread to humans, pigs, and other species; effectively crossing species gaps. The worry here is that viruses and bacteria have been quickly adapting to conventional medicine’s arsenal of anti-biotics and anti-virals, respectively.

Countries Prepare for Next Pandemic

The top EU health official urged Europeans on Monday to postpone nonessential travel to the United States and Mexico because of the swine flu virus, and Spanish health officials confirmed the first case outside North America.

When the next influenza pandemic strikes, New Zealand’s borders are likely to be closed to all incoming travellers. The lock may be on for several days, says a pandemic planning guide for businesses. All passengers may be quarantined for at least eight days, says the guide, published yesterday by the Ministries of Health and Economic Development.

The United States, however, has no plans on closing borders for the current bout of swine flu that has infected thousands of people worldwide and killed hundreds. Rep. Eric Massa (D-N.Y.) said the border should be closed until the threat is resolved.

“The public needs to be aware of the serious threat of swine flu, and we need to close our borders to Mexico immediately and completely until this is resolved,” Massa said in a statement. “I am making this announcement because I see this as a serious threat to the health of the American public and I do not believe this issue is receiving the attention it needs to have in the news,” Massa said.

It appears as if the cheerleaders of the re-emergence of such a deadly flu similar to those described above is making headway onto the human race. Indeed, academics and scientists such as Dr. Pianka, formerly of Texas University, was a large proponent of the re-emergence of a deadly flu to advocate killing off 90% of the human population in order to save the planet. “He then showed solutions for reducing the world’s population in the form of a slide depicting the Four Horsemen of the Apocalypse,” writes Mims. “War and famine would not do, he explained (WND, 2006).

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It looks as if Dr. Pianka will get his wish, as there are four manifestations, commonly used by God in The Bible, for executing judgment upon people who reject Him and His commandments. These four are: the sword, famine, wild beasts and plague (see Ezek. 14:21). These are repeated over and over and are also mentioned in conjunction with the plagues of Revelation. Humanity has many sins to pay for indeed. The strange thing here is that Dr. Pianka is not the only person or group of people who have advocated for the extermination of a large segment of humanity, or the “useless eaters” as Henry Kissinger was quoted as saying. Henry represents the collective interests of the New World Order chiefly spoken through groups like the Council of Foreign Relations.

A New Plague?

The global pandemics that the 21st century encountered 6-8 years ago such as SARS and the outbreaks of bird flu in China have been the contemporary outbreaks that worried global scientific communities and spurred tremendous amounts of conspiracy theories. Infections like the bird flu encountered in China were suspected as being the proof that the influenza virus was on its way to spreading to humans; crossing the barrier from species to species. Indeed, this was the case with the H5N1 virus that did spread to humans, but was mainly contained in areas like China thanks to quick quarantines. he World Health Organisation has warned that H5N1 could seed a human pandemic that could infect one fifth of the world’s population, and hospitalise 30 million, of whom some 20 per cent would die (WHO, 2006).
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In a strange series of coincidences, President Obama, while visiting Mexico during his trip in April, 2009, came into contact with a man infected with the suspected emergence of the next major flu pandemic spread by contact with swine. Obama was received at Mexico’s anthropology museum in Mexico City by Felipe Solis, a distinguished archeologist who died the following day from symptoms similar to flu, Reforma newspaper reported (Bloomberg, 2009).

Pandemics encourage protectionism?

Pandemics, if they were allowed to flourish, would easily do so even easier than the outbreaks of the early 20th century because of the increased mobility of humans. Increasing trade between countries with diverse cultures and standards, courtesy of the so called free trade agreements amorously pushed by the world’s elite, make it easier for people and transport to easily spread disease. To curb outbreaks, governments of the past have utilized border restrictions and outright closures of them to halt outbreaks, but the World Health Organization (WHO) believes there is no need to close Mexican border despite over 1,000 cases of human infections with swine flu registered in the country, Mexico’s health minister said Friday (Xinhua, 2009). The caveat here is that they say this because they do not wish to spur even further protectionism that the financial crisis of late has been encouraging.

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It appears as if the addage “never let a good crisis go to waste” is ringing especially true with the current financial crisis ravaging the economies of the world, but especially the former economic powerhouse, the USA. Rohm Emanuel’s famous quote regarding the current financial crisis, “Never let a serious crisis go to waste…it’s an opportunity to do things you couldn’t do before.” Indeed, according to a former professor of Public Administration at the University of Windsor, “governments use crises to push their agendas.”

Employing a crisis to push a specific policy agenda is certainly not new, as many past events such as government sponsored terror or false flag incidents have shown. It appears that the Canadian government is using its illegitimate power over the Canadian people to push a certain agenda in the form of the long suspected goal of a North American Union similar to the European Union. This is just another step on the treacherous road to continental integration and a North American Union on the European model in an incrementalist fashion.
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See the press release on Harper’s website here.

“The CentrePort Canada initiative involves using the James Armstrong Richardson International Airport and surrounding land as a hub to import goods from Asia and Europe and then distributing those goods throughout North America by air, rail and road. The governments of Canada and Manitoba are jointly funding the next phase of this project, which involves building a high-speed transportation corridor.”

Flashbacks:

• Ignatieff on Obama visit: Crisis an opportunity for continental, global integration
• $12B for infrastructure forms key pillar of stimulus package
• Architect of North American integration urges reboot
• Border ‘two-headed monster,’ industry minister says
• “North American Parliament” Meets At Integration Forum
• Continental Business Lobby Releases List of Priorities for Government to Address at SPP Talks
• New Documents Reveal North American Union PR Campaign
• North American Union plan headed to Congress in fall

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Area mayor questions wisdom of CentrePort plan in region frequently flooded

National Post, PATRICK WHITE

WINNIPEG — With long stretches of Manitoba’s roads and rails submerged beneath floodwaters that continue to baffle forecasters, Prime Minister Stephen Harper announced his government’s support yesterday for the construction of a Winnipeg-based road and rail hub.

The federal and provincial governments will chip in more than $100-million each to build a four-lane expressway that would link CentrePort – a 20,000-acre manufacturing, warehousing and transportation depot slated for construction near the Winnipeg airport – with major rail and highway networks.
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The announcement was made as flood-protection officials upgraded crest forecasts along the Red River to the third-highest levels in the past 100 years.

Mr. Harper, who spent much of the day with Manitoba Premier Gary Doer touring the sodden Red River Valley by helicopter, pledged federal assistance to homeowners.

“The federal government stands ready to assist in any way that is needed,” he said.

But as money flows into the CentrePort project, one southern Manitoba mayor questioned the appeal of a North American hub that relies on transportation arteries so frequently severed during times of flood.

“If we want to be recognized as a mid-continental trade corridor we have to able to provide the transportation, and right now that’s where we are lacking,” said Dale Hoffman, mayor of Morris, Man., situated 70 kilometres south of Winnipeg. “We have to get our highways out of the floodwaters first.”

Morris sits along Highway 75, the main road between Winnipeg and the U.S. With a ring dike surrounding Morris sealed off due to high water, traffic is detouring 45 minutes around the town.

Mr. Hoffman showed Mr. Harper around the town’s extensive dike system yesterday, but said he didn’t have time to suggest solutions to the highway problem.

One of Mr. Hoffman’s proposals involves digging a channel along the Red all the way from the U.S. border to Lake Winnipeg, a 180-kilometre span.
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“You’re talking possibly a 50-year project,” he said. “What we need is a vision for how we’re going to stop the flooding from happening every third year.”

Mr. Doer said he discussed flood-proofing Highway 75 with Mr. Harper yesterday.

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“We have five or six options we’re looking at,” he said.

Meanwhile, some residents north of Winnipeg whose houses were battered by automobile-sized ice pans over the weekend returned to assess the damage. In all, floodwaters have damaged about 200 homes, the province says.

In St. Laurent, 90 kilometres north of Winnipeg, overland flooding crept across half the town’s roads yesterday, swamping basements and causing cancellation of school bus service.

“This is the worst I’ve ever seen,” said town councillor Hugh Sigurdson. “All the water decided to come at once and come with a bang – and it’s not done yet.”

Indeed, flood forecasters raised the expected crest of the Red River in Winnipeg by half a metre yesterday. The city asked for volunteers to top up 60 dikes and raise 40 more.
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Chief provincial flood forecaster Alf Warkentin said unprecedented ice cover, high local runoff and an unusually long crest north of the border have all worked to complicate his projections.

“Forecasting is never 100 per cent accurate,” he said. “Sometimes you get a little surprise.”

The world scientific community, including many disease research organizations, and scientific experts have been predicting an over due appearance of a pandemic similar to the Spanish flu and the black plague for many decades now. The former was responsible for the death of some 50 million people worldwide in the first half of the 20th century (1914) and was so deadly that the victims’ corpses were quickly and effectively destroyed due to fears of re-emergence. The death of 50 million people devastated world economies because of both human capital loss, but also mass protectionism due to quarantined borders.

History suggest a new pandemic is long overdue, but has been delayed by accidental discoveries of anti-biotics. Politicians can ignore it, like they are effectively doing concerning the economic crises, but eventually it comes around full force, hitting victims devastatingly hard. The three pandemics of the 20th century were all linked to birds, but the new emerging viral disease has spread to humans, pigs, and other species; effectively crossing species gaps. The worry here is that viruses and bacteria have been quickly adapting to conventional medicine’s arsenal of anti-biotics and anti-virals, respectively.

It appears as if the cheerleaders of the re-emergence of such a deadly flu similar to those described above is making headway onto the human race. Indeed, academics and scientists such as Dr. Pianka, formerly of Texas University, was a large proponent of the re-emergence of a deadly flu to advocate killing off 90% of the human population in order to save the planet. “He then showed solutions for reducing the world’s population in the form of a slide depicting the Four Horsemen of the Apocalypse,” writes Mims. “War and famine would not do, he explained (WND, 2006). “We are turning the planet into a “fat human biomass,” Pianka said. “[Disease] will control the scourge of humanity,” he told the audience.

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It looks as if Dr. Pianka will get his wish, as there are four manifestations, commonly used by God in The Bible, for executing judgment upon people who reject Him and His commandments. These four are: the sword, famine, wild beasts and plague (see Ezek. 14:21). These are repeated over and over and are also mentioned in conjunction with the plagues of Revelation. Humanity has many sins to pay for indeed. The strange thing here is that Dr. Pianka is not the only person or group of people who have advocated for the extermination of a large segment of humanity, or the “useless eaters” as Henry Kissinger was quoted as saying. Henry represents the collective interests of the New World Order chiefly spoken through groups like the Council of Foreign Relations.

A New Plague?

The global pandemics that the 21st century encountered 6-8 years ago such as SARS and the outbreaks of bird flu in China have been the contemporary outbreaks that worried global scientific communities and spurred tremendous amounts of conspiracy theories. Infections like the bird flu encountered in China were suspected as being the proof that the influenza virus was on its way to spreading to humans; crossing the barrier from species to species. Indeed, this was the case with the H5N1 virus that did spread to humans, but was mainly contained in areas like China thanks to quick quarantines. he World Health Organisation has warned that H5N1 could seed a human pandemic that could infect one fifth of the world’s population, and hospitalise 30 million, of whom some 20 per cent would die (WHO, 2006).
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In a strange series of coincidences, President Obama, while visiting Mexico during his trip in April, 2009, came into contact with a man infected with the suspected emergence of the next major flu pandemic spread by contact with swine. Obama was received at Mexico’s anthropology museum in Mexico City by Felipe Solis, a distinguished archeologist who died the following day from symptoms similar to flu, Reforma newspaper reported (Bloomberg, 2009).

Pandemics encourage protectionism?

Pandemics, if they were allowed to flourish, would easily do so even easier than the outbreaks of the early 20th century because of the increased mobility of humans. Increasing trade between countries with diverse cultures and standards, courtesy of the so called free trade agreements amorously pushed by the world’s elite, make it easier for people and transport to easily spread disease. To curb outbreaks, governments of the past have utilized border restrictions and outright closures of them to halt outbreaks, but the World Health Organization (WHO) believes there is no need to close Mexican border despite over 1,000 cases of human infections with swine flu registered in the country, Mexico’s health minister said Friday (Xinhua, 2009). The caveat here is that they say this because they do not wish to spur even further protectionism that the financial crisis of late has been encouraging.

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The media and business community has been feverishly hyping and trumpeting the economic crisis that started in September as if they were blindsided by it like a drunk crashing into a crowd full of people on a friday night drive. What God commands Christians regarding alcohol is to avoid drunkenness (Ephesians 5:18). The Bible condemns drunkenness and its effects (Proverbs 23:29-35). While the common person may be fooled by the economists and mainstream media gurus, the knowledgeable person knows that this economic crisis has been a long time in the making.

The reliance on credit, loans, mortgages, and imaginary money was not always so prevalent as it is in today’s society. Back in the day, people actually used to save, nations used to produce and consume at a somewhat level rate, and countries were composed of somewhat homogeneous populations accounting for a relatively stable society and economic system.
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The problem the world finds itself in now was mainly caused by government intervention in economies through the introduction of central banking in the early 20th century after the tragic “war to end all wars.” These interventions were offbeat solutions proposed by the socialist politicians of the time; many of which were brainwashed by socialist and communist propaganda — remnants from the great World Wars. The common man saw the idea of collectiviziation of resources as a pseudo tribal activity. The problem now is that government has run rampant with power usurped from decentralized actors known as states and provinces.

Most countries in the world now have central banks and heavy hands of federal government where power is wielded by power mad politicians. This power started to really take heed during the crises of wars like Vietnam where President Nixon imposed a totally fiat money, or government issued currency system whereby he took the US dollar completely off of the gold standard based on the Bretton Woods agreement established at the end of World War II. This quickly ended the government limitations to creating money, or credit, without a physical limmitation such as gold. Now all money is basically printed out of thin air from digital computer banks.

Governments are not the only entities issueing and utilizing credit. As you probably guessed, common people are now being suckered into using credit as a day to day living arrangement paying for such things as food, gasoline, and heat and has become increasingly prevalent as such. People have been using the first “plastic money” ever since its introduction in 1951 and it has been increasing ever since then. In a perhaps ironic arrangement, the first credit cards were issued for “Diners club” card holders and was made on February 8, 1949 by Frank McNamara, Ralph Schneider, and Matty Simmons at Major’s Cabin Grill, a restaurant adjacent to their offices in the Empire State Building. The very thing that keeps people alive (food; real), has become the very thing that will destroy them (credit; fake).
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Indeed, the current economic crisis has blatantly exposed the weakness of the “In God We Trust” slogan engraved on most of, if not all, American currency in the form of loss of consumer confidence in the economic system caused by engineered financial meltdowns such as the Fannie Mae, Freddie Mac loan crisis. “The financial crisis provides our great opportunity to set the world on a new sustainable path, as many sacred cows, which have stood in the path of change, are being slaughtered by the day as the crisis unfolds” (Club of Rome, 2009).

in Exodus 22:25, Leviticus 25:35-36, Deuteronomy 23:19 and other places God’s Law forbids interest on money; “thou shalt not steal” is the Law. “Thou shalt not charge interest of your neighbor,” is the Statute. The Judgment or penalty for charging interest and theft by deception via a debt-usury banking system could be anywhere form making restitution all the way to capitol punishment.

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Once again, it was the Roman soldiers who mocked Jesus in Matthew 27 31 just as they are mocking Mr. Schiff in this video. After they had mocked him, they took off the robe and put his own clothes on him. Then they led him away to crucify him.

The credit crisis is about to expand into other areas of the economy dependent on this imaginary bond and promise of payment: the credit card industry. Since 1951, when the first credit cards were issued, over 6 billion credit card offers were found in our mailboxes, an average of 6 offers per US household per month (2005 statistics). The average American household’s credit card debt in 1990 was $2,966. In 2007 it was $9,840. It is clear that another crisis is emerging; one that could very well be the final nail in the coffin of main street. Indeed, credit cards are shaping up to be the next chapter in the financial meltdown, promising to stymie consumer spending, drag on the economy and force a whole new wave of financial difficulty on Americans.

The US may be moving into the next phase of the mortgage crisis. It’s called the credit card crisis. Which means there may be more defaults, lower spending limits, and perhaps higher interest rates for the 75 percent of Americans who have credit cards.

When times get tough, you do what you have to do to pay your bills. For more people, that means maxing out credit cards to put food on the table and gasoline in the family car, even paying the mortgage. Financial experts say it’s a road to disaster.

Living off credit is not doing a lot of Americans much good as their debt and defaults continue to rise. “Well, this is going to be as bad as the recession of the early 90′s,” said Tom Davidoff, Asst. Professor at Berkeley’s Haas School of Business. Davidoff says we’re seeing the next phase of the worsening economy.

“Wages are lower. People make less money. That means, one, they can’t pay the bills they already have and, two, they’re feeling stretched so they’re not going to pay for stuff with cash. They’re going to pay with credit cards. That’s going to raise their credit card balance and make it more attractive to wipe out the debt by default,” said Tom Davidoff (ABC News, 2009).

Absolute Proof The Financial Crisis Was Engineered

Several years ago, state attorneys general and others involved in consumer protection began to notice a marked increase in a range of predatory lending practices by mortgage lenders. Some were misrepresenting the terms of loans, making loans without regard to consumers’ ability to repay, making loans with deceptive “teaser” rates that later ballooned astronomically, packing loans with undisclosed charges and fees, or even paying illegal kickbacks. These and other practices, we noticed, were having a devastating effect on home buyers. In addition, the widespread nature of these practices, if left unchecked, threatened our financial markets (Washington Post, 2005).

“Confessions of an Economic Hit Man” author John Perkins argues that the United states has created a modern-day empire through the use of economic blackmail and the undermining of foreign governments. Perkins zeroes in on hot spots around the world such as Venezuela, Tibet, Iraq, Israel, Vietnam and others and exposes the network of events in each of these countries that have contributed to the creation of the American Empire and international corruption. John Perkins spent three decades as an Economic Hit Man, business executive, author, and lecturer. He lived and worked in Africa, Asia, the Middle East, Latin America, and North America.
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Then he made a decision: he would use these experiences to make the planet a better place for his daughter’s generation. Today he teaches about the importance of rising to higher levels of consciousness, to waking up – in both spiritual and physical realms – and is a champion for environmental and social causes. He has lectured at universities on four continents, including Harvard, Wharton, and Princeton.

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Written by EconoChristian.com with various sources stated herein.

Yesterday U.S. President Barack Hussein Obama agreed with Canadian Prime Minister Harper that his pre-election platform and promise to voters that the his administration would consider re-negotiating the North American Free Trade Agreement (NAFTA) would not be honoured during his presidency, according to major media outlets.

At a time when the US is reeling with insanely lopsided trade imbalances; at a time when the national debt stands at an astronomical 15 trillion dollars; and at a time when society is destabilized to a breaking point, yet another would be savior politician crushes his electorates’ dreams. Why people expected anything different? Only God and the people who run the show behind the curtains know why for sure.

Obama the Traitor

President Barack Obama wants to work with the leaders of Canada and Mexico to strengthen the North American Free Trade Agreement without renegotiating it, his top trade envoy said.

“The three leaders are all of the mind that we should look for ways to strengthen NAFTA,” U.S. Trade Representative Ron Kirk said Monday. “I think they can be addressed without reopening the agreement” (Detroit News, 2009).

Not only has the Obama administration flopped on his pledge to renegotiate NAFTA, he also received orders from his masters to further alienate the American people by not naming China — the world’s biggest exporter and holder of American debt — a currency manipulator, when in fact they are and have been since 1994 when they pegged their currency to the US dollar until 2005 (and then it became a managed float).

Obama spoke of China’s perfidious practices. He spoke of how NAFTA cost a million jobs. He promised change. And now, with no new facts to justify the switch, Obama has adopted the very positions he attacked. Does this matter? The election is long past. Perhaps it is just naïve to think that politicians will keep their word. This is hardly the idealism that Obama ran on (Foreign Policy, 2009).

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Do you want to learn more about the Obama deception? It is clear that he has pulled the wool over our eyes and lied to the entire world, but mainly the American people. Like all politicians and people who are put into power by a faulty voting system, the real change that is necessary will not come from him.

The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people.

The Obama phenomenon is a hoax carefully crafted by the captains of the New World Order. He is being pushed as savior in an attempt to con the American people into accepting global slavery.

We have reached a critical juncture in the New World Order’s plans. It’s not about Left or Right: it’s about a One World Government. The international banks plan to loot the people of the United States and turn them into slaves on a Global Plantation.

Covered in this film: who Obama works for, what lies he has told, and his real agenda. If you want to know the facts and cut through all the hype, this is the film for you.

Watch the Obama Deception and learn how:

• Obama is continuing the process of transforming America into something that resembles Nazi Germany, with forced National Service, domestic civilian spies, warrantless wiretaps, the destruction of the Second Amendment, FEMA camps and Martial Law.
• Obama’s handlers are openly announcing the creation of a new Bank of the World that will dominate every nation on earth through carbon taxes and military force.
• International bankers purposefully engineered the worldwide financial meltdown to bankrupt the nations of the planet and bring in World Government.

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• Obama plans to loot the middle class, destroy pensions and federalize the states so that the population is completely dependent on the Central Government.
• The Elite are using Obama to pacify the public so they can usher in the North American Union by stealth, launch a new Cold War and continue the occupation of Iraq and Afghanistan.

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It looks like students, home owners, business lenders, and the general population who loan money from banks and other institutions are not the only ones getting the monetary shaft these days. Indeed, students pay exorbitant loan fees and interest rates just in an attempt to compete with others both in their local economy but also in countries where educations are state subsidized and the eventual graduate sometimes immigrates to the latter student’s local economy to compete for the same jobs. Given many new immigrants are coming from minority status countries, guess who gets the job first?

International debt is a new form of slavery through which the rich nations enslave the poor with money that can never be paid back.
When countries in poverty owe large amounts of money to wealthy nations, it’s the poorest people who suffer the worst impact. The burden of debt leaves their governments precious little to improve the lives of their citizens.
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Debt becomes a trap they can’t get out of.

It’s a new kind of slavery that robs people’s control over their own futures.

Yet when a poor country’s debt is cancelled, it provides a great opportunity to improve the lives of millions of people. Let’s look at some compelling reasons why we should drop the debt.

Debt costs lives

In the world’s poorest countries, the majority of their people have no access to basics like clean water, adequate housing, healthcare and education. In spite of that, these countries must pay debt service to wealthy nations and institutions, at the expense of providing vital services to their citizens.

Consider this: Between $10 billion and $15 billion is needed a year to turn around the AIDS crisis in Africa that claims 7,000 lives a day. Almost $15 billion is paid in debt service by sub-Saharan Africa to wealthy nations and institutions every year. Where do you reckon the money should go instead?

At school in Tanzania

In 2001, Tanzania received a partial debt write-off of over $2 billion. With the money it saved, the Tanzanian government abolished school fees for primary education. Enrolment increased by 50% between 2002 and 2003. An extra 1,000 schools were built. Hundreds more teachers were trained. Books and learning materials were provided. Amazingly, around 1.6 million children were able to go to school for the first time.

Cancellation delivers results

Startling results can be achieved from even small amounts of debt relief. In Uganda, school enrolment has more than doubled. In Mozambique, it meant immunisation for 500,000 children. In Honduras, three more years of schooling can be provided.
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Paid back, and back, and back

These nations have already paid back their debts ? several times over. Skyrocketing interest rates and compound interest inflate the amount and make repayment impossible.
Example: Nigeria borrowed $5 billion, paid back $16 billion to date but still owes a shocking $32 billion.

Makes foreign aid more effective

Foreign aid like that from Australia frees up money for poor countries to pay their debts to other wealthy nations and institutions. Between 1990 and 1997, developing countries actually paid more in debt service than they received in aid. If debts are cancelled, aid can be used more effectively in reducing poverty and ultimately lessen these countries? dependence on aid.

Join in to drop the debt

Without debt relief, poor countries will never be able to repay all their debts. Is there anything that ordinary people can do about it?

Yes! Millions of people around the world have joined the Jubilee ?Drop the Debt? campaign to ?drop?, or cancel 100% of the debt owed by the poorest countries.

When these countries no longer have to spend all their money paying back debt and high interest charges, they can provide much-needed services like clean water, sanitation, health and education for their citizens.

Source: Jubilee Campaign Australia

In an addendum to previous posts regarding China switching currencies, it looks like it is going to happen sooner than later. Indeed, China has proposed using copper as their hard currency to dump from the dollar’s instability. Frightened by run away dollar debts, increasing trade deficits partially caused by Chinese devaluation and manipulation of its economy and currency, and the financial crisis occuring in the United States, is making the Chinese government think twice about accepting anymore dollars.

It looks terribly bad for the US dollar as the hegemon of the world financial system these days as five countries plan to ditch the dollar in favor of more stable choices. As we’ve all seen in the last few years, the US dollar has been more unstable than a Christian drunk on one too many alcoholic beverages. God commands Christians to avoid drunkenness (Ephesians 5:18). The Bible also condemns drunkenness and its effects (Proverbs 23:29-35).
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Christians are also commanded to not allow their bodies to be “mastered” by anything (1 Corinthians 6:12; 2 Peter 2:19). It is obvious the world has become addicted to cheap oil, and since we know the US dollar is traded in oil, such a relationship can not be sustained for such a long time with countries like Iraq, Iran, and China wanting to trade oil in other currencies from other superblocks like the Eurozone’s “Euro” currency released in 1999.

By Ambrose Evans-Pritchard
Last Updated: 2:41PM BST 16 Apr 2009

China’s State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

Nobu Su, head of Taiwan’s TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can.

“China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves. They get ten times the impact, and can cover their infrastructure for 50 years.”

“The next industrial revolution is going to be led by hybrid cars, and that needs copper. You can see the subtle way that China is moving into 30 or 40 countries with resources,” he said.

The SRB has also been accumulating aluminium, zinc, nickel, and rarer metals such as titanium, indium (thin-film technology), rhodium (catalytic converters) and praseodymium (glass).

While it makes sense for China to take advantage of last year’s commodity crash to restock cheaply, there is clearly more behind the move. “They are definitely buying metals to diversify out of US Treasuries and dollar holdings,” said Jim Lennon, head of commodities at Macquarie Bank.
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John Reade, metals chief at UBS, said Beijing may have a made strategic decision to stockpile metal as an alternative to foreign bonds. “We’re very surprised by Chinese demand. They are buying much more copper than they will need this year. If this is strategic, there may be no effective limit on the purchases as China’s pockets are deep.”
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Zhou Xiaochuan, the central bank governor, piqued the interest of metal buffs last month by calling for a world currency modelled on the “Bancor”, floated by John Maynard Keynes at Bretton Woods in 1944.

The Bancor was to be anchored on 30 commodities – a broader base than the Gold Standard, which had caused so much grief in the 1930s. Mr Zhou said such a currency would prevent the sort of “credit-based” excess that has brought the global finance to its knees.

If his thoughts reflect Communist Party thinking, it would explain the bizarre moves in commodity markets over recent weeks. Copper prices have surged 49pc this year to $4,925 a tonne despite estimates by the CRU copper group that world demand will fall 15pc to 20pc this year as construction wilts.

Analysts say “short covering” by funds betting on price falls has played a role. But the jump is largely due to Chinese imports, which reached a record 329,000 tonnes in February, and a further 375,000 tonnes in March. Chinese industrial demand cannot explain this. China has been badly hit by global recession. Its exports – almost half GDP – fell 17pc in March.
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While Beijing’s fiscal stimulus package and credit expansion has helped lift demand, China faces a property downturn of its own. One government adviser warned this week that house prices could fall 50pc.

One thing is clear: Beijing suspects that the US Federal Reserve is engineering a covert default on America’s debt by printing money. Premier Wen Jiabao issued a blunt warning last month that China was tiring of US bonds. “We have lent a huge amount of money to the US, so of course we are concerned about the safety of our assets,” he said.

This is slightly disingenuous. China has the world’s largest reserves – $1.95 trillion, mostly in dollars – because it has been holding down the yuan to boost exports. This mercantilist strategy has reached its limits.

The beauty of recycling China’s surplus into metals instead of US bonds is that it kills so many birds with one stone: it stops the yuan rising, without provoking complaints of currency manipulation by Washington; metals are easily stored in warehouses, unlike oil; the holdings are likely to rise in value over time since the earth’s crust is gradually depleting its accessible ores. Above all, such a policy safeguards China’s industrial revolution, while the West may one day face a supply crisis.

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Beijing may yet buy gold as well, although it has not done so yet. The gold share of reserves has fallen to 1pc, far below the historic norm in Asia. But if a metal-based currency ever emerges to end the reign of fiat paper, it is just as likely to be a “Copper Standard” as a “Gold Standard”.

Brought to you by EconoChristian.com with help from Telegraph.

It looks terribly bad for the US dollar as the hegemon of the world financial system these days as five countries plan to ditch the dollar in favor of more stable choices. As we’ve all seen in the last few years, the US dollar has been more unstable than a Christian drunk on one too many alcoholic beverages. God commands Christians to avoid drunkenness (Ephesians 5:18). The Bible also condemns drunkenness and its effects (Proverbs 23:29-35). Christians are also commanded to not allow their bodies to be “mastered” by anything (1 Corinthians 6:12; 2 Peter 2:19). It is obvious the world has become addicted to cheap oi, and since we know the US dollar is traded in oil, such a relationship can not be sustained for such a long time with countries like Iraq, Iran, and China wanting to trade oil in other currencies from other superblocks like the Eurozone’s “Euro” currency released in 1999.
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The numerous wars the US has racked up in the last decade have cost its debt burden tremendous amounts (not to mention the tremendous government expansion and subsequent cost of such). As we’ve seen, the price of oil has gone from a high of approximately $155 per barrel all the way back down to approximately $20 per barrel. We certainly do not live in stable times.

CHINA

What? A global “supercurrency” to supplant the dollar

The details: Last month, the governor of China’s central bank, Zhou Xiaochuan, sent shock waves through the political and financial worlds by suggesting the world’s largest foreign holder of U.S. dollars supported the creation of a new global reserve currency.

In an essay published in both Chinese and English, Zhou, without ever mentioning the greenback, articulated concerns about the “inherent vulnerabilities and systemic risks in the existing international monetary system.” The world needs a reserve currency “disconnected from individual nations and … able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies,” the essay went on to state.

Zhou recommended building on an existing asset and exchange system, a kind of synthetic currency that the International Monetary Fund (IMF) created in 1969. In the special drawing rights (SDR) program, the 185 IMF member states fund a pool of money that the IMF distributes in shares, or SDRs. This currency could be used for government finance, trade transactions, pricing commodities, and international accounting. G-20 leaders expanded the SDR pool by $250 billion at their recent meeting.

The suggestion comes as the Chinese government attempts to push the renminbi, whose principal unit is the yuan, as a reserve currency in Asia. In past months, China has completed currency swaps with Argentina, Belarus, Indonesia, Malaysia, and South Korea, among others; these allow China’s trading partners to buy Chinese goods with the renminbi, rather than the dollar. Soon, some economists predict, the renminbi may become the de facto pan-Asian reserve currency and a much bigger global player.

RUSSIA

What? A global “supercurrency” similar to the Chinese proposal

The details: Speaking in Moscow last month, Russian President Dmitry Medvedev put his support for supplanting the dollar in stark terms: “Many of our partners maintain the point of view that everything is fine in this area, that all that is needed is a slight strengthening of major worldwide currencies, including the dollar. We hold another point of view.” He strongly reiterated this idea at the G-20 conference.

Medvedev seconded China’s support for expanding the IMF’s special drawing rights program. He said the ruble, renminbi, and gold should join the dollar, euro, and pound — the primary reserve currencies for the past 50 years — in a multicurrency basket pricing the SDR.

The inclusion of gold bullion in the currency basket caused a press kerfuffle; numerous articles described Medvedev and Arkady Dvorkovich, the Russian government’s chief economic advisor, as supporting a gold standard. In fairness, John Maynard Keynes and Franklin D. Roosevelt themselves recommended basing global reserve values on the price of gold and other commodities.

VENEZUELA

What? The “sucre,” a South American bloc currency

The details: At a regional summit last November, Venezuelan President Hugo Chávez called for the creation of an EU-type monetary zone and adoption of the “sucre,” a regional currency, to reduce dependence on the dollar. Chávez addressed leaders from the Bolivarian Alternative for the Americas (ALBA) trade bloc, which includes Venezuela, along with Bolivia, Cuba, Dominica, Honduras, and Nicaragua.
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The proposal came with a heaping dose of criticism for the United States and other G-20 countries, which Chávez accused of purposely suppressing developing economies. He also recommended that South American countries abandon the IMF, “an imperialist hand to dominate us.”
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“We’re not going to wait here with our arms crossed for the World Bank or the International Monetary Fund to come and solve the problems that this great threat [the United States] unleashed on the world,” he said. “The hegemony of the dollar must end,” he added.

ALBA members seem to be in favor, agreeing in principle to developing the sucre within two or three years.

IRAN

What? A common currency for Central Asia

The details: Iranian President Mahmoud Ahmadinejad suggested in March that the Economic Cooperation Organization (ECO) trade bloc — Afghanistan, Azerbaijan, Iran, Kazakhstan, Kyrgyzstan, Pakistan, Tajikistan, Turkey, Turkmenistan, and Uzbekistan — take up a common currency when it debuts its planned free trade zone in 2015. “The process of obtaining one single currency in the trade and exchanges among members, and in the next stages with other countries and neighbors, should be designed,” he said.

“After the collapse of the closed socialist economy, the capitalist economy is also on the verge of collapse,” Ahmadinejad said, railing against the hegemony of the dollar in foreign trade.
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Were the ECO bloc to take up a common currency, it would rival the euro in its scope; the countries together have about 420 million people. Representatives from Kazakhstan and Turkmenistan seemed to support the general idea, and the topic will be taken up again at the ECO’s next convention, in 2010.

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KAZAKHSTAN

What? The “acmetal,” a global currency

The details: In March, Kazakh President Nursultan Nazarbayev, speaking from the capital city of Astana, called for the creation of a world currency called the “acmetal,” a word coined from “acme” and “capital.”

“There is no other choice available to us, if we really intend to utilize effectively this unique opportunity of overcoming the shortcomings of the Old World and building up a New one,” the strongman opined in a pre-translated report. It went on to state, “It so happened that the whole of our world has somehow unexpectedly and imperceptibly got into the tunnel of global crisis from where nobody is able to see where is the ‘exit’.”

The Kazakh leader described how the G-8 or G-20 countries could band together to create a transitional currency, the “transital,” before full global adoption of the “acmetal.” He also described a putative new world order brought on by the currency scheme: “acmetalism.”
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Proposing new currencies is something of a hobby for Nazarbayev, who has advocated a Central Asian regional currency plan since 2003. He has called for the adoption of the “altyn” or “yevraz” in the Eurasian Economic Community (EEC), which includes Belarus, Kazakhstan, Kyrgyzstan, Russia, and Tajikistan. Moscow takes these suggestions as a slight, though. It has proposed that the EEC states band together and adopt the Russian ruble.

By Annie Lowrey
ForeignPolicy.com
Tuesday, April 7th, 2009
Source

Here is an interesting piece I ran across which I thought I’d share with you instead of proving my own analysis of the economic situation. Of course, I will add that this economic crisis has been in planning for decades especially since the US was brought off the gold standard and since the World Trade Organization and other unconstitutional “agreements” were signed both in the US and Canada.

What this article really doesn’t touch upon is how banks were pretty much forced to loan billions and billions of dollars to fund mortgages for minorities and other “marginalized” groups who couldn’t afford a home otherwise. Why couldn’t they afford a home like anybody else? Officials will tell you it’s because of their skin color or some other hogwash. Yes, there are discriminatory practices all over the world. If you are white trying to get a mortgage in South Korea, for instance, you will probably be turned down faster than a Korean with money because you are white. Yes, there is racism there much more than in the West.

“My own understanding, however, is that the cause can be traced to pressures of “political correctness” in America: Financial institutions, habitually reluctant to take the risks involved in lending to minorities – particular black and Hispanics – were charged with racial discrimination. They came under pressure to prove their enlightened credentials by lending to minorities on equal terms. Gradually succumbing to such pressure, they upgraded the creditworthiness of minorities, Soon hundreds of thousands of houses were being built as mortgage lenders became emboldened to lend 90 per cent or more of the purc hase price of houses sold to minorities, whose employment prospects were uncertain and whose incomes were relatively low.” E.J Mishan For The Straits Times – Tuesday 17 March, 2009.

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These people (the U.S. government) need to be stopped. Every time we get ourselves into an economic mess, there’s usually some milestone idiocy we can point back to as the government action that made the meltdown inevitable.

Take the current housing crisis that has now spread to the financial markets in general. The cause was too-easy credit that fueled a massive increase in housing prices as people bought houses they couldn’t afford with mortgages they weren’t able to pay off.

In 1999 there was roughly $5 trillion in total U.S. mortgage debt. That number ballooned to $12 trillion by 2007, and we know what happened from there (data is from the U.S. Office of Federal Housing Enterprise Oversight). To put this into perspective, total U.S. GDP is about $11 trillion annually, and U.S. government debt is around $9 trillion. If the housing market really falls apart (meaning more than conservative estimates of a 20% drop), there’s no way the government can simply cover these losses.

Why did it happen? Let’s go back to 1999, when Fannie Mae, the nation’s biggest underwriter of home mortgages, was under pressure by the Clinton administration to find a way to get more loans to “borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans.” A pilot program was launched, which soon became general policy. Money flowed to people who couldn’t afford to pay it back.

These new policies came on top of previous changes in the 90’s that let consumers get zero-down payment loans.

In a 1999 article that now looks absolutely insane, the New York Times reported on the easing of credit terms. Fannie Mae Chairman Franklin Raines, who’s quoted in the article, was all sunshine and roses as he threw away the financial future of millions of Americans. But at least one person. Peter Wallison, had a good idea of how this would all play out:

In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.
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”From the perspective of many people, including me, this is another thrift industry growing up around us,” said Peter Wallison a resident fellow at the American Enterprise Institute. ”If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.”

Too bad nobody listened to that guy. (TechCrunch, 2009).

What Jesus Said About the Crisis
What Jesus says about the Wall Street crisis:

Revelation 18 1 After this I saw another angel coming down from heaven, having great authority, and the earth was made bright with his glory. 2 And he called out with a mighty voice, Fallen, fallen is Babylon the great!
She has become a dwelling place for demons, a haunt for every unclean spirit, a haunt for every unclean bird, a haunt for every unclean and detestable beast.

3 For all nations have drunk the wine of the passion of her sexual immorality, and the kings of the earth have committed immorality with her, and the merchants of the earth have grown rich from the power of her luxurious living.

4 Then I heard another voice from heaven saying, Come out of her, my people, lest you take part in her sins, lest you share in her plagues;
5 for her sins are heaped high as heaven, and God has remembered her iniquities.

6 Pay her back as she herself has paid back others, and repay her double for her deeds; mix a double portion for her in the cup she mixed.

7 As she glorified herself and lived in luxury, so give her a like measure of torment and mourning, since in her heart she says, I sit as a queen,
I am no widow, and mourning I shall never see.8 For this reason her plagues will come in a single day, death and mourning and famine,
and she will be burned up with fire; for mighty is the Lord God who has judged her.

9 And the kings of the earth, who committed sexual immorality and lived in luxury with her, will weep and wail over her when they see the smoke of her burning. 10 They will stand far off, in fear of her torment, and say, Alas! Alas! You great city,you mighty city, Babylon!
For in a single hour your judgment has come.

11 And the merchants of the earth weep and mourn for her, since no one buys their cargo anymore, 12 cargo of gold, silver, jewels, pearls, fine linen, purple cloth, silk, scarlet cloth, all kinds of scented wood, all kinds of articles of ivory, all kinds of articles of costly wood, bronze, iron and marble, 13 cinnamon, spice, incense, myrrh, rankincense, wine, oil, fine flour, wheat, cattle and sheep, horses and chariots, and slaves, that is, human souls. 14 The fruit for which your soul longed has gone from you, and all your delicacies and your splendors are lost to you, never to be found again!

15 The merchants of these wares, who gained wealth from her, will stand far off, in fear of her torment, weeping and mourning aloud,
16 Alas, alas, for the great city that was clothed in fine linen,
in purple and scarlet, adorned with gold,with jewels, and with pearls!
17 For in a single hour all this wealth has been laid waste.

And all shipmasters and seafaring men, sailors and all whose trade is on the sea, stood far off 18 and cried out as they saw the smoke of her burning, What city was like the great city?

19 And they threw dust on their heads as they wept and mourned, crying out, Alas, alas, for the great city where all who had ships at sea
grew rich by her wealth! For in a single hour she has been laid waste.
20 Rejoice over her, O heaven, and you saints and apostles and prophets, for God has given judgment for you against her!

21 Then a mighty angel took up a stone like a great millstone and threw it into the sea, saying, So will Babylon the great city be thrown down with violence, and will be found no more; 22 and the sound of harpists and musicians, of flute players and trumpeters, will be heard in you no more, and a craftsman of any craft will be found in you no more, and the sound of the mill will be heard in you no more, 23 and the light of a lamp will shine in you no more, and the voice of bridegroom and bride will be heard in you no more, for your merchants were the great ones of the earth, and all nations were deceived by your sorcery. 24 And in her was found the blood of prophets and of saints, and of all who have been slain on earth

It seems politicians are lying or being glib on their knowledge of economics: Liberal Leader Michael Ignatieff told a gathering of southern Ontario business leaders on Tuesday (April 14, 2009) that taxes would have to be raised to combat a growing national debt, local media reported. According to The Record, he responded by saying that to rein in the country’s $480 billion debt, a tax hike might be necessary in the future (Windsor Star, 2009).

Canada Tax Facts:

Taxes already confiscate 45 per cent of Canadian income. The government never point out that average working people pay even more. Smokers and drinkers probably lose 75 per cent of their earnings to taxes. CTF, 2009

According to the OECD, total government revenues for 2004–federal, provincial, and municipal–will be 41.3% of GDP, down from a peak of 44.5% of GDP in 1997 and 1998. This means that Tax Freedom Day is May 30 (since 41.3% of 366 is 151 days into the year.)

What do Canadian Taxes Pay for?

There’s a summary of all government spending for 2003 on the Statistics Canada website, broken down into categories.

To try to make them more comprehensible, I’ve translated them into per-capita numbers, based on a population of 31,629,700 in 2003. A billion dollars is about $30 per capita.

Roughly speaking, out of $15,000 in total spending per capita, there’s $5000 for social services, $5000 for health and education, and $5000 for everything else, including $1500 for interest on the debt and $1200 for protection of persons and property (meaning military, police, legal system, firefighting). Here’s the detailed breakdown.

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Given all of this, if you want to create jobs in an economy, dumping huge amounts of tax-payer cash benefits no one because it is just shifting dollars from one area to another without creating wealth. The “trickle-down” idea only applies to real economics like manufacturing and building; something Canada has had little of these past 30 years, but the end does not justify the means. Remember, however, that manufacturing was still doing well in 2000 and 2001. Since 2003, however, the decline in Canadian manufacturing employment has been the second worst of our peers (the U.K. has experienced more job losses) (PE, 2009).

The myth that governments’ using taxpayer funds is one of the only ways to stimulate private economic growth is rubbish. It was the ineffective hand of government (in collaboration with mega-business) that started the mess with the credit, automobile, wars, and just about any other crisis you can think of. Indeed, when the Conservatives were elected, they promised to do business differently. No more cronyism, no more backroom deals with party hacks. They were going to clean up Ottawa.When the federal government was patting itself on the back last month on the anniversary of the passage of the Federal Accountability Act, it failed to mention that two key components – the appointments commission and the lobbying provisions – have not been implemented.

“The lack of a public appointments commission seriously undermines any credibility that Mr. Harper is serious about cleaning up how business is done in Ottawa,” said New Democrat MPP Charlie Angus (Timmins-James Bay) (TheStar.com, 2008).

However, critics say Prime Minister Stephen Harper’s government has appointed hundreds of people with Conservative ties – the kind of cronyism the Conservatives and their predecessors used to howl about.

Where does the money come from?

The government sees that for every dollar injected into the economy it must first be taxed or borrowed out of the economy. Thus, government spending only redistributes already-existing money which otherwise could have been created by a healthy manfacturing sector. Under President Obama’s “stimulus” plan, jobs will be created to weatherize buildings, construct schools and wind turbines, and repair roads and bridges. But outside the market process, there is no way to know whether those are better uses of scarce capital than whatever would have been produced had it been left in the private economy. Since government services are paid for through the compulsion of taxes, they have no market price. But without market prices, we have no way of knowing the importance that free people would place on those services versus other things they want (Creator’s Syndicate, 2009).

We need to invest in green industry, but the problem we face is unfair competition allowed under the auspices of the WTO; so the hope of making Windsor a green corridor is a pipe dream until countries like China and Korea open their markets. Only then can we have a real green revolution.

When are people going to do their homework and take a stand?

EconoChristian.com