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30 November 2010 @ 11:04 am
Wiki Government Opener - Debt = War? - Fiat Money Death Spiral  
The  can of worms and the can opener
Secret US Embassy Cables

Wikileaks began on Sunday November 28th publishing 251,287 leaked United States embassy cables, the largest set of confidential documents ever to be released into the public domain. The documents will give people around the world an unprecedented insight into US Government foreign activities.
The cables, which date from 1966 up until the end of February this year, contain confidential communications between 274 embassies in countries throughout the world and the State Department in Washington DC. 15,652 of the cables are classified Secret.
The embassy cables will be released in stages over the next few months. The subject matter of these cables is of such importance, and the geographical spread so broad, that to do otherwise would not do this material justice.
The cables show the extent of US spying on its allies and the UN; turning a blind eye to corruption and human rights abuse in "client states"; backroom deals with supposedly neutral countries; lobbying for US corporations; and the measures US diplomats take to advance those who have access to them.
This document release reveals the contradictions between the US’s public persona and what it says behind closed doors – and shows that if citizens in a democracy want their governments to reflect their wishes, they should ask to see what’s going on behind the scenes.
Every American schoolchild is taught that George Washington – the country’s first President – could not tell a lie. If the administrations of his successors lived up to the same principle, today’s document flood would be a mere embarrassment. Instead, the US Government has been warning governments -- even the most corrupt -- around the world about the coming leaks and is bracing itself for the exposures.
The full set consists of 251,287 documents, comprising 261,276,536 words (seven times the size of "The Iraq War Logs", the world's previously largest classified information release).
The cables cover from 28th December 1966 to 28th February 2010 and originate from 274 embassies, consulates and diplomatic missions.

More

Wikileaks site download

Guardian
WikiLeaks US embassy cables: live updates

Forbes
WikiLeaks’ Julian Assange Wants To Spill Your Corporate Secrets

Early next year, Julian Assange says, a major American bank will suddenly find itself turned inside out. Tens of thousands of its internal documents will be exposed on Wikileaks.org with no polite requests for executives’ response or other forewarnings. The data dump will lay bare the finance firm’s secrets on the Web for every customer, every competitor, every regulator to examine and pass judgment on.

DT reports
29 Nov 201
WikiLeaks: Angela Merkel only leader man enough to 'rule' Europe
Angela Merkel is the "undisputed" leader of the EU because no other European leader is man enough for the role, according to the leaked American cables that paint an unflattering picture of Europe.

WikiLeaks is threatening national security, Downing Street says

WikiLeaks: Duke of York launched 'astonishingly candid' attack on Government


Hillary Clinton says WikiLeaks release is "an attack"

US spies on Alan Duncan and William Hague

Wikileaks 'secrets' reveal the paranoid mindset of internet activists obsessed with conspiracies
For all the column inches of space that are being lavished on the Wikileaks cables, the secrets they contain are spectacularly underwhelming. There’s a lot more to be learned about the world around us from nothing more secret than old newspapers than from the treasures Julian Assange has brought up from the beast’s lair.

But surely Praveen Swami, this is just the peanuts and sherry appetisers before the pork soup starters.

NYT
A Selection From the Cache of Diplomatic Dispatches [CIA permitted?]

The Stench of US Economic Decay: Russia and China Dump the US Dollar
by Dr. Paul Craig Roberts
On Thanksgiving eve the English language China Daily and People’s Daily Online reported that Russia and China have concluded an agreement to abandon the use of the US dollar in their bilateral trade and to use their own currencies in its place.  The Russians and Chinese said that they had taken this step in order to insulate their economies from the risks that have undermined their confidence in the US dollar as a world reserve currency.
This is big news, especially for the news dead Thanksgiving holiday period, but I did not see it reported on Bloomberg, CNN, New York Times or anywhere in the US print or TV media. The ostrich’s head remains in the sand.
Previously, China concluded the same agreement with Brazil.
As China has a large and growing supply of dollars from trade surpluses with which to conduct trade, China is signaling that she prefers Russian rubles and Brazilian reals to more US dollars.
The American financial press finds solace in the episodes when sovereign debt scares in the EU send the dollar up against the euro and UK pound. But these currency movements are just measures of financial players shorting troubled EU-denominated debt. They are not a measure of dollar strength.
The dollar’s role as world reserve currency is one of the main instruments of American financial hegemony. We haven’t been told how much damage Wall Street fraud has inflicted on EU financial institutions, but the EU countries no longer need the US dollar for trade between themselves as they share a common currency. Once the OPEC countries cease to hold the dollars that they are paid for oil, dollar hegemony will have faded away.
Another instrument of American financial hegemony is the IMF. Whenever a country cannot make good on its debts and pay back the American banks, in steps the IMF with an austerity package that squeezes the country’s population with higher taxes and cuts in education, medical and income support programs until the bankers get their money back.
This is now happening to Ireland and is likely to spread to Portugal, Spain, and perhaps even to France. After the American-caused financial crisis, the IMF’s role as a tool of US imperialism is less and less acceptable. The point could come when governments can no longer sell out their people for the sake of the American banks.
There are other signs that some countries are tiring of America’s irresponsible use of power. Turkey’s civilian governments have long been under the thumb of the American influenced Turkish military. However, recently the civilian government moved against two top generals and an admiral suspected of involvement in planning a coup. The civilian government further asserted itself when the prime minister announced on Thanksgiving day that Turkey is prepared to react to any Israeli offensive against Lebanon. Here is an American NATO ally freeing itself from American suzerainty exercised through the Turkish military. Who knows, Germany could be next.
Meanwhile in America the sheeple remain content with, or blind to, their role as sheep to be slaughtered to feed the rich. The Obama administration has managed to come up with a Deficit Commission whose members want to pay for the multi-trillion dollar wars that are enriching the military/security complex and the multi-trillion dollar bailouts of the financial system by reducing annual cost-of-living increases for Social Security, raising the retirement age to 69, ending the mortgage interest deduction, ending the tax deduction for employer-provided health insurance, imposing a 6.5% federal sales tax,
while cutting the top tax rate for the rich.
Even the Federal Reserve’s low interest rates are aimed at helping the banksters.
Much more http://www.globalresearch.ca/index.php?context=va&aid=22150

The deeper into financial doo-doo a country descends the more open its government is to being persuaded to bomb the crap out of innocents as a solution or at least a distraction under which circumstance strict control of the population can be introduced and undesirables such as me can be consigned to prison camps as an enemy of the state.
Banksters profit from loans to both sides at premium interest to finance a war, loans to arms dealers to buy and sell their ware, rebuilding finance and new business finance. Banksters love a good war. What is remarkable is not that they profit when the money lent to countries in good times is wisely invested but that they profit in bad times when their gamble backfires, its call "socialisation of bad debt". It should be illegal. (Why can't I socialise my debt if I make bad decisions?)
It is also an indication of who pulls the puppet strings.


China bubble - by Richard...
I have been saying for some time that the Chinese economy is a basket case. With a highly insecure political system to boot, it is only a matter of time before it crashes and burns. And now, it seems, I have company.
Mind you, I would say the same of India. I do not believe the hype about that country. It will be dragged down by its innate inefficiencies and most particularly by the corruption of its ruling elites

Iranian scientist 'killed by spies' DT
A leading Iranian nuclear scientist was killed and a colleague injured in coordinated attacks blamed by the regime on the Israeli spy agency, Mossad, or the CIA.

Global Research
Global Strike Force: NATO Summit And Turkey's New Role
The last Nato summit and Turkey's new role
İsmail Duman - 2010-11-28

The Stench of US Economic Decay: Russia and China Dump the US Dollar
Dr. Paul Craig Roberts - 2010-11-29

Who's Who in Afghanistan? Creating a New Impostor
Boris Volkhonsky - 2010-11-29
   
Is a War Looming on the Korean Peninsula?
2010-11-29

Pentagon flexes muscles in Korea: US Threatens China and North Korea
Konstantin Garibov - 2010-11-26

KNOW THE FACTS: North Korea lost close to 30% of its population as a result of US bombings in the 1950s
Michel Chossudovsky - 2010-11-27

Korea War Pretext Incident: The Sinking of the Cheonan, Reviewing the Evidence
Greg Elich - 2010-11-27

Denmark take note Damage inflicted by the state
Whole Body Backscatter X-Ray Airport Security Scanners: Serious Health Risks for Air Travel Passengers
Profs. John Sedat, Elizabeth Blackburn, Marc Shuman - 2010-11-29

EU watchdogs find errors in 90pc of Brussels budget
[...] Marta Andreasen, a Ukip MEP and member of the parliament's budgetary control committee, linked the report to ongoing negotiations over an increased EU budget for 2011.
"The European Commission and the European Parliament are screaming for a 6 per cent increase in the EU budget. Why do they want more money to waste?," she asked.
Mats Persson, the director of the Open Europe pressure group: said: "Until member states and the European Commission resolve the inherent flaws in the EU's spending there should be no talk whatsoever of budget increases."

Sandman beckoning, sack time.