statism watch

For further stories and commentary from this journal on the dangers of debt monetization, click here or explore the links at the bottom of this story. (For commentary on the perils of Keynesian economics, visit mises.org). The largest debt holders in the world – and not just the American banks and the IMF, but lesser known, secretive international institutions like the bank of banks, the BIS – are looting the middle class right out in the open, and blowing out the economy in order to institute a new global system. This is a coup. There should be a word for it – coups under monarchical systems are kicked off by regicide, so perhaps ‘econocide’ fits the bill.

Flashback: Bank of Canada poised to print money to buy bonds | A Bigger, Bolder Role Is Imagined For the IMF | Barclays, Lloyd’s, RBS join Goldman-Sachs in the black | IMF poised to print billions of dollars in ‘global quantitative easing’ | UK Central Bank begins using ‘new’ money | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Bilderberg Seeks Bank Centralization Agenda

Boyd Erman, Brian Milner, Globe and Mail
April 29, 2009 at 1:11 AM EDT

Can U.S. interest rates effectively fall below zero?

Economists and traders expect the Federal Reserve to signal just that on Wednesday when it makes its first policy announcement since lowering its benchmark target to between zero and 0.25 per cent, a move that left it no room to cut interest rates the conventional way.

Now, there are signs the central bank is about to become much more aggressive in its unorthodox efforts to drive rates effectively below zero.

The Fed has already been intervening in the debt market — or at least promising to do so — as part of its effort to bring down long-term rates. But economists expect even more of the kinds of measures known as quantitative easing as the Fed works to get the lending wheels turning again in the U.S. economy.

The central bank’s target rate cannot actually fall below zero. So its measures are aimed at bringing long-term rates to where they would be if short-term rates could go negative, given the traditional spread between the two.

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Flashback: 9/11 Commission Counsel: Government Agreed to Lie About 9/11 | FBI documents contradict 9/11 Commission report | 9/11 widows call for new investigation after revelations of White House, commission ties | Director of 9/11 commission “secretly spoke with Rove, White House”

Steve Watson, Infowars.net
April 29, 2009

More evidence of whitewash emerges

Somewhat lost within the flu pandemic media hype this week is an important new revelation concerning the cover up of the events of 9/11.

A recently uncovered 9/11 Commission memo dating from October 2003, half way through the panel’s investigation, addresses concerns that government “minders” were intimidating witnesses and shaping their testimonies.

The document was drafted by Kevin Scheid, a senior staffer who led the commission’s Team 2, which was responsible for reviewing the overarching structure of the US intelligence community.

Names also appearing on the memo are those of staffers Lorry Fenner, an air force intelligence officer, and lawyer Gordon Lederman.

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The Canadian Press
April 29, 2009

Nearly 100,000 manufacturing jobs have disappeared since October, Statistics Canada reports

OTTAWA — Non-farm payrolls lost 79,600 jobs in February, with manufacturing taking the worst hit, Statistics Canada reported Wednesday.

The agency said those losses continue a slump that began last October and which has cost 296,000 jobs.

The agency’s survey of non-farm, payroll employment found the biggest February drop was in manufacturing, where 19,300 jobs were lost. Since October, 99,700 manufacturing jobs have disappeared, a loss of 6.1 per cent. That figure is three times the rate of decline of total payroll employment.

Nearly a quarter of the manufacturing job losses came in the auto industry.

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Jeannine Aversa, The Associated Press
April 29, 2009

WASHINGTON – The U.S. economy shrank at a worse-than-expected 6.1 per cent pace at the start of this year as sharp cutbacks by businesses and the biggest drop in U.S. exports in 40 years overwhelmed a rebound in consumer spending.

The U.S. Commerce Department’s report, released Wednesday, dashed hopes that the recession’s grip on the country loosened in the first quarter. Economists surveyed by Thomson Reuters expected a five per cent annualized decline.

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Considering the calls for global taxes and micromanagement of our lives based on the Earth’s carbon cycle – meaning that nothing will be exempt from the purview of the taxman – the only thing to say is may the best science win.

Flashback: Revealed: Antarctic ice growing, not shrinking | Scientists warn global warming accelerating | Top Japanese Scientists: Warming Is Not Caused By Human Activity | IPCC caught with false figures, doubt cast on accuracy of global temperature record

Andrew Bolt, Herald Sun
April 29, 2009

IT’S snowing in April. Ice is spreading in Antarctica. The Great Barrier Reef is as healthy as ever.

And that’s just the news of the past week. Truly, it never rains but it pours – and all over our global warming alarmists.

Time’s up for this absurd scaremongering. The fears are being contradicted by the facts, and more so by the week.

Doubt it? Then here’s a test.

Name just three clear signs the planet is warming as the alarmists claim it should. Just three. Chances are your “proofs” are in fact on my list of 10 Top Myths about global warming.

And if your “proofs” indeed turn out to be false, don’t get angry with me.

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