Sunday, May 8, 2011

James Dines - I am going back into Silver

James Dines of the Dine's Letter talks to Eric King of King World News about the recent action in the Silver markets.....listen here

Gold and Silver a little ahead of themselves

Jeffrey Nichols, managing director of American Precious Metals Advisors discusses the Gold & Silver markets with Mine Web's Geoff Candy.....listen here

Fidel Castro - The Assassination of Bin Laden was abhorrent

By Fidel Castro Ruz:

Those persons who deal with these issues know that on September 11 of 2001 our people expressed its solidarity to the US people and offered the modest cooperation that in the area of health we could have offered to the victims of the brutal attack against the Twin Towers in New York.

We also immediately opened our country’s airports to the American airplanes that were unable to land anywhere, given the chaos that came about soon after the strike.

The traditional stand adopted by the Cuban Revolution, which was always opposed to any action that could jeopardize the life of civilians, is well known.

Although we resolutely supported the armed struggle against Batista’s tyranny, we were, on principle, opposed to any terrorist action that could cause the death of innocent people. Such behavior, which has been maintained for more than half a century, gives us the right to express our views about such a sensitive matter.

On that day, at a public gathering that took place at Ciudad Deportiva, I expressed my conviction that international terrorism could never be eradicated through violence and war.

By the way, Bin Laden was, for many years, a friend of the US, a country that gave him military training; he was also an adversary of the USSR and Socialism. But, whatever the actions attributed to him, the assassination of an unarmed human being while surrounded by his own relatives is something abhorrent. Apparently this is what the government of the most powerful nation that has ever existed did.

In the carefully drafted speech announcing Bin Laden’s death Obama asserts as follows:

“…And yet we know that the worst images are those that were unseen to the world. The empty seat at the dinner table. Children who were forced to grow up without their mother or their father. Parents who would never know the feeling of their child’s embrace. Nearly 3,000 citizens taken from us, leaving a gaping hole in our hearts.”

That paragraph expressed a dramatic truth, but can not prevent honest persons from remembering the unjust wars unleashed by the United States in Iraq and Afghanistan, the hundreds of thousands of children who were forced to grow up without their mothers and fathers and the parents who would never know the feeling of their child’s embrace.

Millions of citizens were taken from their villages in Iraq, Afghanistan, Vietnam, Laos, Cambodia, Cuba and many other countries of the world.

Still engraved in the minds of hundreds of millions of persons are also the horrible images of human beings who, in Guantánamo, a Cuban occupied territory, walk down in silence, being submitted for months, and even for years, to unbearable and excruciating tortures. Those are persons who were kidnapped and transferred to secret prisons with the hypocritical connivance of supposedly civilized societies.

Obama has no way to conceal that Osama was executed in front of his children and wives, who are now under the custody of the authorities of Pakistan, a Muslim country of almost 200 million inhabitants, whose laws have been violated, its national dignity offended and its religious traditions desecrated.

How could he now prevent the women and children of the person who was executed out of the law and without any trial from explaining what happened? How could he prevent those images from being broadcast to the world?

On January 28 of 2002 the CBS journalist Dan Rather reported through that TV network that on September 10 of 2001, one day before the attacks against the World Trade Center and the Pentagon, Osama Bin Laden underwent a hemodialysis at a military hospital in Pakistan. He was physically unfit to hide and take shelter inside deep caves.

Having assassinated him and plunging his corpse into the bottom of the sea are an expression of fear and insecurity which turn him into a far more dangerous person.

The US public opinion itself, after the initial euphoria, will end up by criticizing the methods that, far from protecting its citizen, will multiply the feelings of hatred and revenge against them.

Rap News 7 - Redux

This episode of Rap News has been posted on the blog before, but this version has subtitles for those who can't keep up with the Australian sense of humour. For those who can it is worth a second view as you will pick up on jokes you missed the first time around.

Greece denies Eurozone exit plan

From: AlJazeeraEnglish | May 7, 2011

George Papandreou, the Greek prime minister, is denying his country is getting ready to leave the Eurozone.

Rumours that Athens was quitting the single currency has lead to a fall in the value of the Euro.

Finance Ministers from the Eurozone's biggest economies have been holding talks on Greece's debt crisis.

Greece's sovereign debt stands at $470bn. That is more than a year-and-a-half of its entire economic output.

The European Union and the International Monetary Fund agreed a loan of $160bn in May last year. The terms were eased in the spring.

But the financial markets consider the high repayments as unsustainable, leading to growing fears of a default. That could spell disaster for the Eurozone.

On The Edge with Kurt Cobb

Osama bin Laden’s Second Death

By Dr. Paul Craig Roberts:

If today were April 1 and not May 2, we could dismiss as an April fool’s joke this morning’s headline that Osama bin Laden was killed in a firefight in Pakistan and quickly buried at sea. As it is, we must take it as more evidence that the US government has unlimited belief in the gullibility of Americans.

Think about it. What are the chances that a person allegedly suffering from kidney disease and requiring dialysis and, in addition, afflicted with diabetes and low blood pressure, survived in mountain hideaways for a decade? If bin Laden was able to acquire dialysis equipment and medical care that his condition required, would not the shipment of dialysis equipment point to his location? Why did it take ten years to find him?

Consider also the claims, repeated by a triumphalist US media celebrating bin Laden’s death, that “bin Laden used his millions to bankroll terrorist training camps in Sudan, the Philippines, and Afghanistan, sending ‘holy warriors’ to foment revolution and fight with fundamentalist Muslim forces across North Africa, in Chechnya, Tajikistan and Bosnia.” That’s a lot of activity for mere millions to bankroll (perhaps the US should have put him in charge of the Pentagon), but the main question is: how was bin Laden able to move his money about? What banking system was helping him? The US government succeeds in seizing the assets of people and of entire countries, Libya being the most recent. Why not bin Laden’s? Was he carrying around with him $100 million dollars in gold coins and sending emissaries to distribute payments to his far-flung operations?

This morning’s headline has the odor of a staged event. The smell reeks from the triumphalist news reports loaded with exaggerations, from celebrants waving flags and chanting “USA USA.” Could something else be going on?

No doubt President Obama is in desperate need of a victory. He committed the fool’s error or restarting the war in Afghanistan, and now after a decade of fighting the US faces stalemate, if not defeat. The wars of the Bush/Obama regimes have bankrupted the US, leaving huge deficits and a declining dollar in their wake. And re-election time is approaching.

The various lies and deceptions, such as “weapons of mass destruction,” of the last several administrations had terrible consequences for the US and the world. But not all deceptions are the same. Remember, the entire reason for invading Afghanistan in the first place was to get bin Laden. Now that President Obama has declared bin Laden to have been shot in the head by US special forces operating in an independent country and buried at sea, there is no reason for continuing the war.

Perhaps the precipitous decline in the US dollar in foreign exchange markets has forced some real budget reductions, which can only come from stopping the open-ended wars. Until the decline of the dollar reached the breaking point, Osama bin Laden, who many experts believe to have been dead for years, was a useful bogyman to use to feed the profits of the US military/security complex.

Gaddafi a legitimate target. Obama too?

From: RTAmerica | May 6, 2011

As NATO intervention in Libya continues, critics consider the necessity of keeping western presence in North Africa. Now NATO is evaluating bringing ground troops in to try and take down Gadaffi. Author and Professor Alan Kuperman doesn't think there will be a speedy end through military force, however, and disagrees greatly with NATO's recent attack on a compound of Gaddafi which killed members of his family.

'US can't accept it created Bin Laden & Al Qaeda'

From: RussiaToday | May 5, 2011

The U.S. says the operation against Bin Laden was a 'kill-or-capture mission'. But journalist Afshin Rattansi says taking him alive would have opened a floodgate to a past, the U.S. would rather keep shut.

The Bogey Man is Dead, Long Live the Bogey Man

Euro wobbles over fears of Greece ditching for drachma

From: RussiaToday | May 7, 2011

Rumours that Greece was ready to ditch the Euro saw the currency drop by one per cent against the dollar. A German magazine said Greece was planning a pullout of the Eurozone and restore the drachma, as it struggles under the weight of its rescue debt. Leading Greek politicians scrambled to deny the suggestion, which forced an emergency meeting among Eurozone finance ministers.

Listening Post - Smoke and mirrors: The bin Laden death story

From: AlJazeeraEnglish | May 7, 2011

What do we really know about the Osama bin Laden death story, and how do we know it? Also, a before and after look at the media movement that brought down the Tunisian regime.

Pakistani groups protest against US

From: AlJazeeraEnglish | May 6, 2011

Following the US operation that killed Osama bin Laden, various groups in many Pakistani cities have railed against violations of the South Asian country's sovereignty.

Maldives protests continue

Bahrain update

Syrian protests update

German MP says Berlin should help Greece leave euro

(Reuters) - Germany should constructively support any efforts by Greece to abandon the euro and return to the drachma, a leading MP in Germany's junior coalition Free Democrats (FDP) said on Saturday.

"If Greece wants to leave the euro zone, that is its own autonomous decision," Frank Schaeffler, an FDP member in the finance committee of the Bundestag, told Reuters.

"And Germany should accompany them constructively."

Greek Prime Minister George Papandreou earlier on Saturday denied there was even unofficial discussion over Greece quitting the euro zone and asked that his troubled country be "left alone to finish its task.

On Friday, influential German weekly Der Spiegel reported talks were held to discuss the possibility, raised by Athens, of Greece withdrawing from the 17-member euro zone, as well as the idea of restructuring Greece's 327 billion euro ($470 billion) sovereign on

The Long Death of the US$

Whilst this report is from late 2007, with the near death of the $ a few weeks ago (at least until the US shot some dead Terrorist - must be a Easter thing) it is still very topical.

Also brilliant commentary from President Regans's dep. sec of the Treasury, Paul Craig Roberts, one the US's greatest thinkers.