DaniMartExtras, Too



Posted by Xaniel777 on January 26, 2012

TODAY’S NEWS : January 26, 2012

Jewish Imperial News

Veterans Today

From Veterans Today

By Gilad Atzmon

This last weekend brought with it some vile manifestations of Jewish politics in its most horrific forms.

United Against the Goyim


In the USA, the owner and publisher of the Atlanta Jewish Times, Andrew Adler, suggested that Israeli Prime Minister Benyamin Netanyahu should consider ordering a Mossad hit team to assassinate U.S. President Barack Obama so that his successor will defend Israel against Iran.

Actually, it wasn’t just Obama whom Adler suggested to eliminate, the Atlanta Jewish Times listed three lethal options to help Israel counter Iran’s nuclear capability. The first, to launch a pre-emptive strike against Hamas and Hezbollah, the second to attack Iran’s nuclear facilities and the third is to assassinate the current American president.

Devastatingly, Adler’s murderous attitude towards politics is wholly consistent with some Biblical and Talmudic anti-gentile teaching. It recalls clearly certain Old Testament genocidal verses such as Leviticus 26:7-8:

‘You will chase your enemies, and they shall fall by the sword before you. Five of you shall chase a hundred, and a hundred of you shall put ten thousand to flight; your enemies shall fall by the sword before you.’

It is also consistent with the appalling way in which Palestinians are abused by the Jewish State.  But it is also consistent with the Jewish cultural wrath towards the dissenting Jesus and towards dissent in general. May I remind readers that the word Yeshu – Jesus in Hebrew – is the abbreviation of the Hebrew phrase

“may his name and memory be blotted out”.

Without comparing president Obama to Jesus, Adler’s homicidal inclination is somewhat similar. Seemingly, some Jews have yet to forgive Jesus – nor President Obama. .

The American Jewish Committee in Atlanta condemned Adler’s article, saying that Adler’s proposals were

shocking beyond belief.”

– a pretty bizarre reaction, considering  that the American Jewish Committee is itself an enthusiastic advocate of a war against Iran. Similarly, warmonger Alan Dershowitz listed recently the ‘legal’ reasoning behind an Israeli attack on Iran. True, he has yet to call for an American President to be murdered, he just thinks that launching another world war is a ‘reasonable’ thing to do. And, as far as I can remember, the American Jewish Committee didn’t rush to denounce Dershowitz or to apologise on his behalf or in the name of the Jews.

United Against Freedom

In Britain, following some relentless Jewish Lobby pressure, Press TV, The Iranian News Channel was forced off the air after Ofcom  (The ‘Independent’ regulator for the UK Communications Industries), revoked its licence for ‘breaching the Communications Act’. This should come as no surprise. Bearing in mind that 80% of British Tory MPs are Conservative Friends of Israel, we in Britain must expect the rapid fading away of some of our most elementary freedoms.

United Against Palestine

On Saturday the Islamophobic blog Harry’s Place and the Zionist mouthpiece Jewish Chronicle completed their takeover of UK Palestinian Solidarity Campaign (PSC). In the last two years, the PSC EC has expelled and marginalised some of its leading intellectuals amongst them some prominent Palestinian and Muslim activists and now, at last, they are beginning to receive their just credit.

In the last two months we have noticed that the PSC has been praised by both the notorious JC and Harry’s Place. Two weeks ago, pro-war Harry’s Place thanked the Jewish ‘anti’-Zionists for promoting Jewish tribal interests at the midst of the Palestinian Solidarity Campaign and this weekend a PSC Executive member confirmed that PSC’s latest maneuvers against ‘anti-Semitism’ were in response to criticism from the rabid Zionist website Harry’s Place and the Jewish Chronicle. Like others, I am confused.  Should a Palestinian solidarity group surrender to an Islamophobic blog, a Zionist paper and other ‘Jews-only’ pressure groups?

Judging by the scale of the  celebration on Islamophobic Harry’s Place, you’d be forgiven for assuming that PSC – now firmly committed to the struggle against anti-Semitism and Holocaust denial – is now just one more Zionist outlet, whose prime interest is in promoting Jewish tribal interests. I’m sure that the Palestinians in besieged Gaza and in refugee camps all over the Middle East are over the moon.

However, to counter the now complete Zionist takeover of PSC EC, a bunch of leading solidarity  activists, journalists and intellectuals have launched deLiberation, a new UK dissident magazine. We aim to become a leading UK media outlet, to provide news, analysis and fearless criticism – exactly where The Guardian and the BBC so miserably fail. And we will fill that space now created by the current PSC Executive Committee.

United Against The Guardian

Two days ago, I discovered that CIF Watch, a Jewish supremacist site interested solely in cleansing British press of any criticism of Israel and Jewish power, was boasting that the Guardian surrendered to their pressure and

‘removed an Atzmon passage.’

Apparently the Jewish site was annoyed that Khaled Diab quoted me as saying

“The Jewish state is pretty devastated by the idea that a bunch of ‘indigenous Arabs’ are far more technologically advanced than its own chosen cyber pirates.”

Specifically, it didn’t approve of the Guardian printing the word ‘chosen’ in reference to Jews.

The CIF Watch site says of itself that it is

dedicated to monitoring anti-Semitism and combatting the assault on Israel’s legitimacy in the Guardian newspaper’s

Comment is Free’ blog.” So, it is not against racism or discrimination in general, but solely interested in matters to do with one group and its tribal interests.

Shocking but typically, the Guardian surrendered immediately to the Zionist’s demands. As the Guardian rushed to admit: the word ‘chosen’ “is at odds with ‘Guardian regulations”. But the Guardian needs reminding that ‘Choseness’ may be at odds with ‘Guardian regulations’ but it is clearly not ‘at odds’ with Israeli practice, the Israeli legal system, the Jewish Lobby and even Jews-only Palestinian solidarity groups.

United Against Truth

Three months ago I published ‘The Wandering Who’. This book presented a harsh criticism of Jewish identity politics, Left, Right and Centre. It openly argued that contemporary Jewish identity politics is exclusivist, in most cases, racially driven and, in many ways, is a threat to world peace. In some ways, as in Adler’s call to assassinate Obama, it actually also endangers Jews.

The book attempts to grasp the bizarre continuum between Israeli barbarism, Adler’s homicidal inclination, the PSC EC surrender to rabid Zionist bodies and the ‘Guardian’s regulation’.  The book points to the political culture that made Jewish identity politics so powerful and, at the same time, so blind. And in spite of a united front’s attempt to silence the book and its message, in just a short space of time the book sold thousands of copies and its message is spreading like a forest fire.

I’m not one bit surprised by the surge of Jewish power. I wrote a book about it. But, being intimately familiar with Jewish history, I know exactly where it will lead. Jewish political arrogance has always proved to be, above all, devastatingly dangerous for Jews.

For the sake of peace, both Jews and gentiles must confront the prominence of Jewish identity politics. We should never be afraid to question ideologies and lobbies that impose a threat to peace, our value systems, freedom of thought, humanity and humanism..


Gilad Atzmon’s New Book: The Wandering Who? A Study Of  Zionist’s global interests Amazon.com  or Amazon.co.uk. 


Even Israel Admits that Iran Has Not Decided to Build a Nuclear Bomb


Posted on January 26, 2012 by WashingtonsBlog

Despite Misleading Hype, No Government Leaders Think that Iran Is Building a Nuclear Bomb

American and European leaders say that there is no evidence that Iran is building a nuclear weapon.

Even Israel – which has threatened to attack Iran on its own – now admits the same thing.

As Haaretz noted on January 18th:

The intelligence assessment Israeli officials will present later this week to [Chairman of the Joint Chiefs of Staff Martin ] Dempsey indicates that Iran has not yet decided whether to make a nuclear bomb.

The Israeli view is that while Iran continues to improve its nuclear capabilities, it has not yet decided whether to translate these capabilities into a nuclear weapon – or, more specifically, a nuclear warhead mounted atop a missile. Nor is it clear when Iran might make such a decision.


Obama uses State of the Union speech to warn Iran to ‘change its course’ on nuclear ambitions as Europe sends battleships to Gulf

From Mail Online


Last updated at 6:59 AM on 25th January 2012

  • U.S. President told Congress ‘no options off the table’ but door remains open to peaceful talks with Tehran

  • Germany, France and Britain make rare joint statement, warning Iran it would face economic isolation

  • Tehran remains defiant and says it will block the sensitive oil-important Strait



Iran is building a nuclear power station, and the IAEA confirms there is no evidence that Iran is building weapons. Under the terms of the Nuclear Non-Proliferation Treaty, Iran is allowed to have nuclear power, medical isotopes, and other industrial uses of nuclear material. Indeed, under Article IV of the NNPT, the United States is obligated to assist Iran in building their power stations, and were the US in compliance with its own treaty obligations, there would be no question that Iran’s power station is indeed nothing more than just a power station. The United States is in violation of its international obligations under the Nuclear Non-Proliferation Treaty first by refusing to honor Article IV and second by using the threat of force to coerce Iran to surrender their rights under the NNPT. The United States is legally in the wrong here.

Accusations that Iran is building nuclear weapons are coming from Israel, which in 1981 bombed the Iraq nuclear power station at Osirak under the same claim; that Iraq was building nuclear weapons in a hidden laboratory under the power station. Following the invasion of Iraq, experts from the IAIA carried out a full inspection of the runs of the power station and found no evidence of clandestine weapons facilities in the wreckage. To date, the only known weapons manufacturing plant hidden under a power station is the not-as-clandestine-as-they-hoped weapons lab hidden underneath Israel’s own Dimona. In short, Israel is batting zero at correctly identifying weapons labs in other nations and we should not be taking their lead today with regard to Iran.

Finally, we were all tricked into war with Iraq on this very same claim of a threat of nuclear weapons. After smashing that nation and hanging Saddam, no nuclear weapons were ever found. Fool me once …

1. Last Spring, Rose Gottemoeller, an assistant secretary of state and Washington’s chief nuclear arms negotiator, asked Israel to sign the Nuclear Non-Proliferation Treaty. Israel refused.

2. The United Nations passed a resolution calling on Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.

3. The IAEA asked Israel to sign the Nuclear Non-Proliferation Treaty and to submit to inspections. Israel refused.

4. Iran’s formal notification to the IAEA of the planned construction of the backup fuel-rod facility underscores that Iran is playing by the rules of the Nuclear Non-Proliferation Treaty which Iran has signed.

5. Iran allows IAEA inspections of all its facilities.

6. Contrary to face-saving claims, it appears that the US and Israel were both caught off guard by Iran’s announcement of a planned underground (to avoid being bombed) enrichment facility. The reasoning is simple. Had the US or Israel announced the existence of he new facility before Iran’s notified the IAEA, it would have put Iran on the defensive. As it is now, the US and Israel seem to be playing catch up, casting doubt on the veracity of Israel’s claims to “know” that Iran is a nuclear threat.

7. The IAEA and all 16 United States Intelligence Agencies are unanimous in agreement that Iran is not building and does not possess nuclear weapons.

8. In 1986, Mordachai Vanunu blew the whistle and provided photographs showing Israel’s clandestine nuclear weapons factory underneath the reactor at Dimona.

9. Israel made the same accusations against Iraq that it is making against Iran, leading up to Israel’s bombing of the power station at Osirik. Following the invasion of 2003,international experts examined the ruins of the power station at Osirik and found no evidence of a clandestine weapons factory in the rubble.

10. The United Nations has just released the Goldstone Report, a scathing report which accuses Israel of 37 specific war crimes and crimes against humanity in Gaza earlier this year. Israel has denounced the report as “Anti-Semitic (even though Judge Goldstone is himself Jewish), and the United States will block the report from being referred to the War Crimes Tribunal at the Hague, thereby making the US Government an accessory after-the-fact.

11. Recently revealed documents prove not only that Israel has nuclear weapos, but actually tried to sell some to Apartheid South Africa. Who else Israel approached to sell nuclear weapons remains an unasked question.

12. In 1965, Israel stole over 200-600 pounds of weapons-grade uranium from the United States.

13. Declassified documents from the former South African regime prove not only that 
Israel has had nuclear weapons for decades, but has tried to sell them to other countries!

We all need to be Joe Wilson right now. We need to stand up and scream, “LIAR!” at every politician and every talking media moron that is pushing this war in Iran. And we need to keep dong it until they get the message that we will not be deceived any more.

Israel wants to send your kids off to die in Iran, and YOU are the only one that can stop them.

Please forward this comment to your social networks.



January 25, 2012 at 07:14 

The U.S. government has informed Israel that it will recommend that Congress approve a three-year extension of loan guarantees to Israel, worth $3.8 billion. The announcement came after several months of worry in Israel that the loan guarantees would not be extended, despite Israel’s request. (Full report HERE)


And this is where the money goes…..


Eyewitness to Israel’s ethnic cleansing

Purdue University professor Bill Mullen traveled to Palestine with a delegation of academics to find out about the obstacles facing Palestinian students and educators.


In Hebron, graffiti artists have renamed Shuhana Street “Apartheid Street” (Bill Mullen | SW)

AT 4:45 a.m. on the morning of August 2, 2009, the family of Miraym Al-Ghawi was awakened by pounding on the door of their home in Sheikh Jarrah, East Jerusalem. A small bomb was detonated, throwing open the door. Through it walked masked and armed Israeli commandoes, who dragged the Al-Ghawis, including the six Al-Ghawi children, into the night.

They collected the family’s belongings in trucks and dumped them outside the United Nations Relief and Works Agency, where they were ransacked. The Al-Ghawi’s youngest child, age 4, stood and watched as commandoes set fire to her bed and her playthings. The daughter still cannot sleep without her mother. Medical experts have diagnosed her ailment as “settler trauma.”

Miraym Al-Ghawi told us this story as we visited Palestine as part of a delegation sponsored by the U.S. Campaign for the Academic and Cultural Boycott of Israel (USACBI). Five U.S. professors from the delegation, myself included, talked with the Al-Ghawis in Sheikh Jarrah, once one of the liveliest Palestinian neighborhoods in East Jerusalem.

Since 1967, however, nearly 9,000 Palestinians have lost their residency rights in East Jerusalem, 15 Israeli settlements have been built, and Palestinians now have access to less than 15 percent of the available land. The Al-Ghawi family is one of four families in East Jerusalem evicted since 2008 as part of Israel’s annexation, settlement and “de-Arabization” plan for Palestine.

The plan has been effective: unemployment among Palestinians in East Jerusalem is now nearly 35 percent, while the poverty rate is nearly 50 percent. Palestinians in East Jerusalem make up about 35 percent of the population and pay 33 percent of all municipal taxes, while the Israeli municipality spends less than 5 percent on services for East Jerusalem.

A 163-kilometer “separation wall” in Jerusalem denies more than 22,000 residents easy access to their work and markets. There are currently more than 270 Palestinian prisoners from East Jerusalem and 197 detainees. Eight of the prisoners are children.

– – – – – – – – – – – – – – – –

ISRAEL’S COLONIZATION of Palestine is a de facto totalitarianism meant to strangle decades of resistance by an entire people. But it has not succeeded.

After her eviction, for example, Miraym Al-Ghawi set up a tent near a fig tree outside their former residence and in defiance stayed there for six months. On 17 occasions, the municipality forced her to tear down the tent; 17 times, she rebuilt. She has repeatedly paid out fines levied against her private “occupation” of her own former home.

Today, she rents an apartment in a neighborhood near Sheikh Jarrah, but comes every day to sit near her old residence in order to demonstrate her refusal to be displaced. She remains engaged in a court battle for her house even as parking lots and playgrounds are built in Sheikh Jarrah for newly arrived settlers on confiscated Palestinian land.

And this is just one story of the terror and violence of the Israeli police state that saturates daily life under occupation.

On a Sunday morning in Hebron, for example, we walked through a Palestinian open market along Shuhada Street. The street sits beside the Ibrahim Mosque, where in 1994 American-born Zionist settler Baruch Goldstein massacred 29 Arab worshippers and wounded 125 others. The massacre set off Palestinian riots and protests in which Israeli soldiers murdered 19 more Palestinians.

The street, known as Apartheid Street by locals, has now been closed off at numerous access points by Israeli security forces in order to stop or monitor Palestinian movement, protect newly arrived settlers and restrict commerce. Checkpoints, concrete blocks and impromptu walls appear at nearly every turn.

The market itself is under constant siege by settlers who live above street level and throw trash, feces and even acid onto merchants and shoppers below. Numerous storefronts along the street are closed. Israeli police sealed one of them shut because a demonstration was held at the site.

As we walked through the marketplace, Israeli soldiers perched overhead on street corners and at one point marched two abreast in three rows straight through the market center. No detail escapes the attention of Israeli authorities–even a 100-meter stretch of sidewalk is divided by a three-foot wall, Palestinians on one side, settlers on the other. Children as young as 2 peddled “Palestine” bracelets on the streets as they tried to help their families scratch out an existence in a strangulated economy.

– – – – – – – – – – – – – – – –

THE USACBI campaign began in 2009 in response to the call by Palestinian civil society to join the boycott, divestment and sanction (BDS) movement against Israel. It supports and models the mission statement created in 2004 by PACBI, the Palestinian Campaign for the Academic and Cultural Boycott of Israel. The original PACBI statement read in part:

Inspired by the struggle of South Africans against apartheid and in the spirit of international solidarity, moral consistency and resistance to injustice and oppression, we, representatives of Palestinian civil society, call upon international civil society organizations and people of conscience all over the world to impose broad boycotts and implement divestment initiatives against Israel similar to those applied to South Africa in the apartheid era. We appeal to you to pressure your respective states to impose embargoes and sanctions against Israel. We also invite conscientious Israelis to support this call, for the sake of justice and genuine peace.

These nonviolent punitive measures should be maintained until Israel meets its obligation to recognize the Palestinian people’s inalienable right to self-determination and fully complies with the precepts of international law by:

1. Ending its occupation and colonization of all Arab lands and dismantling the Wall;

2. Recognizing the fundamental rights of the Arab-Palestinian citizens of Israel to full equality; and

3. Respecting, protecting and promoting the rights of Palestinian refugees to return to their homes and properties as stipulated in UN Resolution 194.

USACBI supports each of the above principles and calls for a number of measures to demonstrate support for them. For example, the campaign asks signatories to:

1. Refrain from participation in any form of academic and cultural cooperation, collaboration or joint projects with Israeli institutions;

2. Advocate a comprehensive boycott of Israeli institutions at the national and international levels, including suspension of all forms of funding and subsidies to these institutions;

3. Promote divestment and disinvestment from Israel by academic institutions, and place pressure on your own institution to suspend all ties with Israeli universities, including collaborative projects, study abroad, funding and exchanges.

The USACBI call has thus far been signed by nearly 600 U.S. professors, 200 cultural workers, 200 international supporters and 44 organizations. It seeks to point out that the Israeli occupation has damaged or destroyed academic or intellectual freedom, especially for Palestinians living under occupation.

For example, Israel routinely restricts the movement of Palestinian students, forcing them to attend apartheid schools, making them pass through walls and checkpoints on a daily basis, and severely limiting their ability to choose a university within Israel/Palestine or to study abroad.

Israel has severely restricted the number of students from Gaza who may attend Birzeit University, the most prestigious research university in the West Bank. Palestinian students who do travel abroad to study or seek re-entry to Palestine are often labeled “security risks” or denied entry.

Palestinian universities like Birzeit in Ramallah consistently face a “crisis of funding,” according to university president Khalil Hindi, with whom we met on our delegation visit. Though the universities operate under Israeli occupation, the Palestinian Authority is the sole source of funds for the university, and Israel provides nothing.

Israeli academics, meanwhile, often produce research that colludes with the occupation regime, while the state heavily monitors what Palestinian scholars can produce. We met with a group of scholars at the Mada al-Carmel Arab Center for Applied Social Research in Haifa. The center’s advisory board chair Dr. Nadim Rouhana told us that the activities of the Mada Center are heavily monitored by Israel, while Palestinian scholars attached to Mada often work or study in Israeli universities that reproduce intellectual and social apartheid.

– – – – – – – – – – – – – – – –

IN ADDITION to attacking the absence of academic freedom in Palestine, USACBI seeks to illuminate the structural relationship between Israeli apartheid and higher education as it impacts Palestinians. As Palestinian scholar George Bisharat has written:

Many Israeli academic institutions either benefit from, or participate in, Israeli government actions that violate Palestinian rights. For example, Tel Aviv University sits in part on land belonging to Sheikh Muwannis, a Palestinian village whose residents were expelled by Jewish militias or fled in fear in March 1948. Hebrew University in Jerusalem uses over 800 acres of land illegally expropriated from Palestinian private owners in the West Bank after the 1967 war. Bar Ilan University has established a branch in an illegal Israeli settlement in the West Bank…

Finally, discrimination against students who are Palestinian citizens of Israel in admission policies is widespread as revealed by the decision of the heads of Israeli universities in 2003 to reverse experimental admission policies that had increased the number of Arab students.

On our delegation visit, we met with Anan Quzmar from the Right to Education Campaign at Birzeit University in the West Bank. The campaign supports the BDS and USACBI campaigns as part of a larger international strategy to destroy apartheid/colonial education in Palestine. According to the campaign:

– Eight of the 11 universities in the West Bank and Gaza Strip have been shelled or broken into by the Israeli Army since September 2000.

– Hebron University and the Palestine Polytechnic University in Hebron were closed down by Israeli military order for much of 2003, and students had to physically break down the gates to their universities, in defiance of the Israeli Army, to reconvene classes and demand their right to an education.

– Birzeit University has been closed down by Israeli military order 15 times in its history and all Palestinian universities and the majority of Palestinian schools, including kindergartens, were closed down by military order between 1987-1992, denying a whole generation their right to education.

– More than 700 children, 200 university students and 39 teachers have been killed by the Israeli military since September 2000.

– More than 3,000 Palestinian children have been arrested by the Israeli military since September 2000, and some 300 children are currently held in Israeli prisons and detention centers.

– Two presidents of Birzeit University student council were imprisoned in 2004, and four of the 11 members of the student council were imprisoned in the same year. Currently, some 80 students from Birzeit University are held in Israeli prisons and detention centers, 10 of whom are being held without charge or trial, including human rights worker and sociology student, Ziyad Hmeidan.

The Right to Education mission statement calls for “trade unions, education institutions, social and political movements and concerned individuals around the world to support the right to education in Palestine.” The campaign is founded on principles established in UN resolutions that declare education a human right. It calls for scholars, students and activists to “establish connections with Palestinian universities, students and faculty, through solidarity or academic exchange.”

This strategy is meant to counteract the deadly and ongoing collaboration between American and Israeli universities, such as the new partnership between Cornell University and Technion-Israel Institute of Technology. Technion is Israel’s leader in “applied science” research and the development of killing machines like the unmanned armored tanks used in Israel’s 2008-2009 Operation Cast Lead that massacred more than 1,400 Gazans.

In December, New York City Mayor Michael Bloomberg announced plans for a $2 billion research campus in New York in partnership with Cornell and Technion. USACBI’s mission seeks to shut down forever such deadly collaborations.

Perhaps the most fitting symbol of the need for educators to play a role in the liberation of Palestine was graffiti on the wall of a Palestinian school in Hebron: “To learn or not to learn–that is the question.” The words beckon not just to the education of future generations of Palestinians, but to the education of people everywhere about the urgency of ending Israel’s colonial regime.

>What you can do

For more information about the U.S. Campaign for the Academic and Cultural Boycott of Israel, or to pledge your support, go to the USACBI website.

Find more information about the Right to Education Campaign at Birzeit University at its website.

Contact the Civic Coalition for Defending Palestinian Rights in Jerusalem to learn more about organizing efforts to defend Palestinians in East Jerusalem.



Iceland Declares Independence from International Banks


From NetRightDaily

By Bill Wilson – Iceland is free.  And it will remain so, so long as her people wish to remain autonomous of the foreign domination of her would-be masters — in this case, international bankers.

On April 9, the fiercely independent people of island-nation defeated a referendum that would have bailed out the UK and the Netherlands who had covered the deposits of British and Dutch investors who had lost funds in Icesave bank in 2008.

At the time of the bank’s failure, Iceland refused to cover the losses.  But the UK and Netherlands nonetheless have demanded that Iceland repay them for the “loan” as a condition for admission into the European Union.

In response, the Icelandic people have told Europe to go pound sand. The final vote was 103,207 to 69,462, or 58.9 percent to 39.7 percent.   “Taxpayers should not be responsible for paying the debts of a private institution,” said Sigriur Andersen, a spokeswoman for the Advice group that opposed the bailout.

A similar referendum in 2009 on the issue, although with harsher terms, found 93.2 percent of the Icelandic electorate rejecting a proposal to guarantee the deposits of foreign investors who had funds in the Icelandic bank. The referendum was invoked when President Olafur Ragnur Grimmson vetoed legislation the Althingi, Iceland’s parliament, had passed to pay back the British and Dutch.

Under the terms of the agreement, Iceland would have had to pay £2.35 billion to the UK, and €1.32 billion to the Netherlands by 2046 at a 3 percent interest rate.  Its rejection for the second time by Iceland is a testament to its people, who feel they should bear no responsibility for the losses of foreigners endured in the financial crisis.

That opposition to bailouts led to Iceland’s decision to allow the bank to fail in 2008.  Not that the taxpayers there could have afforded to.  As noted by Bloomberg News, at the time the crisis hit in 2008, “the banks had debts equal to 10 times Iceland’s $12 billion GDP.”

“These were private banks and we didn’t pump money into them in order to keep them going; the state did not shoulder the responsibility of the failed private banks,” Iceland President Olafur Grimsson told Bloomberg Television.

The voters’ rejection came despite threats to isolate Iceland from funding in international financial institutions.  Iceland’s national debt has already been downgraded by credit rating agencies, and now those same agencies have promised to do so once again as punishment for defying the will of international bankers.

This is just the latest in the long drama since 2008 of global institutions refusing to take losses in the financial crisis.  Threats of a global economic depression and claims of being “too big to fail” have equated to a loaded gun to the heads of representative governments in the U.S. and Europe.  Iceland is of particular interest because it did not bail out its banks like Ireland did, or foreign ones like the U.S. did.

If that fervor catches on amongst taxpayers worldwide, as it has in Iceland and with the tea party movement in America, the banks would have something to fear; that is, the inability to draw from limitless amounts of funding from gullible government officials and central banks.  It appears that the root cause is government guarantees, whether explicit or implicit, on risk-taking by the banks.

Ultimately, such guarantees are not necessary to maintain full employment or even prop up an economy with growth, they are simply designed to allow these international institutions to overleverage and increase their profit margins in good times — and to avoid catastrophic losses in bad times.

The lesson here is instructive across the pond, but it is a chilling one.  If the U.S. — or any sovereign for that matter — attempts to restructure their debts, or to force private investors to take a haircut on their own foolish gambles, these international institutions have promised the equivalent of economic war in response.  However, the alternative is for representative governments to sacrifice their independence to a cadre of faceless bankers who share no allegiance to any nation.

It is the conflict that has already defined the beginning of the 21st Century.  The question is whether free peoples will choose to remain free, as Iceland has, or to submit.

Bill Wilson is the President of Americans for Limited Government. You can follow Bill on Twitter at @BillWilsonALG.



Is the NYPD Experimenting With Drones Over the City? Evidence Points to Yes

Citizens for Legitimate Government

January 24, 2012 by legitgov

Is the NYPD Experimenting With Drones Over the City? Evidence Points to Yes –-Miami, cities in Texas also said to be trying this new way to be eye in the sky 23 Jan 2012 They’re used in war zones for surveillance and military strikes. But are there plans to deploy drones in the Big Apple to keep an eye on New Yorkers? More and more people believe it’s inevitable, reports CBS 2. Drones are unmanned aircraft that can fly at low altitudes and shoot live video — or shoot live missiles. Surveillance cameras already dot the city’s streets, but is the NYPD exploring the use of even more eyes in the skies, in the form of drones? Some evidence points to yes.


Is This Why They Won’t Prosecute? Top Justice Officials Represented Big Banks, Freddie, Fannie and Mers

Posted on January 21, 2012 by WashingtonsBlog

Eric Holder and Head of DOJ’s Criminal Division Were Partners for a Firm Which Used to Represent the Big Banks, Fannie, Freddie and MERS

Obama’s Department of Justice isn’t prosecuting any big fish.

Indeed, the Obama administration is prosecuting fewer financial crimes than Ronald Reagan, George W. Bush, George H.W. Bush or Bill Clinton.

This is true even though the big banks – such as Bank of America, Citigroup, JP Morgan and Wells Fargo – committed some fraud, but their entire business model is fraudulent. See thisthisthisthis and this.

The same is true of Fannie, Freddie. And even more so with Mers, where its entire purpose – from day one – was fraudulent. Herehereherehere and here.

So why haven’t the fraudsters running these chop shops been prosecuted by Attorney General Eric Holder, and the head of the DOJ’s criminal division Lanny Breuer?

Reuters helps explain why today:

U.S. Attorney General Eric Holder and Lanny Breuer, head of the Justice Department’s criminal division [watch this to get a sense of Breuer], were partners for years at a Washington law firm that represented a Who’s Who of big banks and other companies at the center of alleged foreclosure fraud, a Reuters inquiry shows.

The firm, Covington & Burling, is one of Washington’s biggest white shoe law firms. Law professors and other federal ethics experts said that federal conflict of interest rules required Holder and Breuer to recuse themselves from any Justice Department decisions relating to law firm clients they personally had done work for.

Both the Justice Department and Covington declined to say if either official had personally worked on matters for the big mortgage industry clients. Justice Department spokeswoman Tracy Schmaler said Holder and Breuer had complied fully with conflict of interest regulations, but she declined to say if they had recused themselves from any matters related to the former clients.

Reuters reported in December that under Holder and Breuer, the Justice Department hasn’t brought any criminal cases against big banks or other companies involved in mortgage servicing, even though copious evidence has surfaced of apparent criminal violations in foreclosure cases.

The evidence, including records from federal and state courts and local clerks’ offices around the country, shows widespread forgery, perjury, obstruction of justice, and illegal foreclosures on the homes of thousands of active-duty military personnel.


While Holder and Breuer were partners at Covington, the firm’s clients included the four largest U.S. banks – Bank of America, Citigroup, JP Morgan Chase and Wells Fargo & Co – as well as at least one other bank that is among the 10 largest mortgage servicers.


Covington represented Freddie Mac …. [and] MERS Corp …. Court records show that Covington, in the late 1990s, provided legal opinion letters needed to create MERS on behalf of Fannie Mae, Freddie Mac, Bank of America, JP Morgan Chase and several other large banks.blank Is This Why They Won’t Prosecute? Top Justice Officials Represented Big Banks, Freddie, Fannie and Mers

***blank Is This Why They Won’t Prosecute? Top Justice Officials Represented Big Banks, Freddie, Fannie and Mers

Covington in 2004 also wrote a crucial opinion letter commissioned by MERS,providing legal justification for its electronic registry. MERS spokeswoman Karmela Lejarde declined to comment on Covington legal work done for MERS.

This isn’t as bad as Department of Justice lawyer John Yoo’s letter justifying torture by the Bush Administration, but it’s arguably somewhat analogous, as it is a legal opinion trying to justify blatant illegality.

No wonder top financial crime expert Bill Black says that we have to fire Eric “Place” Holder  and all other government officials who are blocking prosecution of the criminals who caused the economic crisis.

Indeed, it makes one wonder whether the Department of Justice still dispenses justice … or has turned into a “protection racket” for the rich and powerful.

Of course, most of the rest of boys in D.C. are not much better.


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