Ireland: Jim Corr Stands Up to the Bankers Who are Controlling the Production of Money and the Fate of Countries (“Message to the People of Ireland”…and Beyond)

~~InsightAnalytical-GRL

We’ve written about currency wars, the demise of the U.S. dollar , Goldman Sachs, etc. over the past year  (see March 2009 for several pieces on China, plans to dump the dollar, etc.).

But this video says it all.  It’s a passionate plea for people to WAKE UP and recognize what is happening in Europe and what is going to befall the U.S.  We have been handed over to the big bankers and are more concerned about watching a lot of reality TV shows and dancing fools, rather than paying attention as our economic security goes down the drain.

The brutal truth is that the the same bunch (IMF, World Bank) that has impoverished many developing countries with their “loans” and harsh demands has its sights on Europe. Iceland was the first to suffer.  Ireland is now losing its sovereignty.  Portugal? SPAIN??  Then what??

And all  meant to pad the pockets of the elite with the hard-earned money of the little people and for them to garner complete control over our lives…. It’s not just about Ireland, it’s about US, too!

Nobody voted for these people…as Corr says, this is about the privatization of money…our money…it is about theft.

He warns about many things….listen, if you have been fearing about “crackdowns.”

Visit Jim Corr’s website for more info on the current sad state of affairs…which goes beyond Irish shores.

http://www.jimcorr.com/

The Scanner–International Edition, March 24, 2009: Say Goodbye to the Dollar? China, Russia Proposing a New World Currency for “Non-Credit” Based Economies, Echo G-20 Agenda of Expanding IMF; China Will “Consider” Buying IMF Bonds; 10th China Develpment Forum Underway (UPDATE 1X–Geithner Supports China Proposal??)

~~By InsightAnalytical-GRL

Scroll down for UPDATE

Hu Jintao--Who's in Charge Here?--Barack Obama (Photo courtesy Xinhua via CRIEnglish.com)

Late last week I came across this release from Itar-Tass.  In case you can’t place the name, the IT website tells us that this agency is:

The successor to the Soviet TASS news agency, it was re-named in 1992, when Russia proclaimed its sovereignty following the collapse of the USSR. It has retained its status of being the state central information agency.

Needless to say, when Russia’s “state central information agency” talks, I listen. I held the story up and coincidentally, found something that should grab us all.  First, the story from Russia:

Russia proposes creation of global super-reserve currency

16.03.2009, 15.15

MOSCOW, March 16 (Itar-Tass) — Russia suggests the G20 summit in London in April should start establishing a system of managing the process of globalization and consider the possibility of creating a supra-national reserve currency or a “super-reserve currency.” The Russian Federation’s proposals for ways out of the ongoing financial and economic crisis and for a post-crisis order of the world financial system have been published on the Kremlin’s website. The proposals have been dispatched to the leadership of the G20 countries, the CIS and international organizations.

(SNIP)

The Russian side believes the summit should seek and achieve accord on the main parameters of a new world financial system. It suggests calling an international conference that would produce the basic parameters of a world financial architecture and adopt international conventions regarding a new financial world order.

Russia believes that the “obsolete mono-polar structure of the world economy should give way to a system based on cooperation by several major centers.”

In the sphere of control and supervision Russia suggests drafting and adopting an international agreement setting global standards of control and supervision in the financial sector – a Standard Universal Regulatory Framework (SURF).

Russia calls for reforming the international currency and financial system with the aim to strengthen its stability and control. In that connection the Russian side suggests discussing the possibility of expanding the list of currencies to be used as reserve ones, on the basis of the adoption of agreed measures to stimulate the development of major regional financial centers, and also “the creation of a supra-national reserve currency that will be issued by international financial institutions.”

“It looks expedient to reconsider the role of the IMF in that process and also to determine the possibility and need for taking measures that would allow for the SDRs (Special Drawing Rights) to become a super-reserve currency recognized by the world community,” the document says.

MORE

The release goes on to discuss for a new mandate and more resources for the IMF.

Well, now add this piece, posted by Logistics Monster yesterday in a post entitled Quick Note About New Global Currency! Pay Attention!

The post quotes an article from the Financial Times‘ Asia-Pacific section (excerpt):

China calls for new reserve currency

By Jamil Anderlini in Beijing

Published: March 23 2009 12:16 | Last updated: March 23 2009 23:24

In an essay posted on the People’s Bank of China’s website, Zhou Xiaochuan, the central bank’s governor, said the goal would be to create a reserve currency “that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies”.

I suggest readers get over to Logistics Monster for the full quote from the article, which details the “special drawing rights” that we see mentioned in the Russian Itar-Tass release.

The Russia-China discussions apparently are just megaphones for what’s up at the Official G-20 website (excerpt):

The financial markets and the world economy continue to face serious global challenges and the severity of the crisis and ongoing uncertainties demonstrate the need for urgent action. During the United Kingdoms Chair, the immediate priority will be to gain further agreements for a concerted, co-ordinated international response.

The G-20 will need to send a strong signal that it is prepared to take whatever further actions are necessary to stabilise the financial system and to provide further macroeconomic support. At the same time, the G-20 must commit to maintaining open trade and investment, to avoid a retreat to protectionism, and direct necessary additional support to emerging markets and developing countries.

The G-20 should also lay the foundations to move beyond the crisis to a sustainable recovery. In 2009, it will be important to understand the roots of the international financial crisis and identify the lessons that we can learn to ensure that a crisis of this kind does not happen again. The G-20 should develop proposals that will restore global growth in the medium term, including the unwinding of emergency measures taken in response to the crisis.

Coincidentally, with the proposal to bolster the mandate of the IMF, we see this article from the Chinese news agency,
Xinhuanet/China View:

Central bank official: China “will actively consider” buying IMF bonds

www.chinaview.cn Special Report: Global Financial Crisis

BEIJING, March 23 (Xinhua) — China’s central bank said Monday it will “actively consider” buying bonds issued by the International Monetary Fund (IMF).

Hu Xiaolian, vice governor of the People’s Bank of China (PBOC), made the comment during a briefing about President Hu Jintao’s coming visit to the G20 financial summit in Britain, scheduled for April 1 to 2.

“China supports the IMF’s innovative financing attempts, and a more efficient and timely financing mode can effectively ease the IMF’s cash shortage,” said the PBOC’s Hu.

“If the IMF finances itself by issuing bonds, China will actively consider buying” those bonds, Hu stressed.

Of course, the Chinese have already indicated that they are “worried” about U.S. Treasury bonds and a recent China Daily headline reads:  “Allure of US Treasuries Set to Fade”…

“Although China is unlikely to massively cut its existing holdings of US Treasuries, it will try to reduce purchases,” said Yu Yongding, president of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences.

The table is set.

I’m sure the G-20 will toast the dollar with fond reminiscences…

MEANWHILE, ahead of the G-20 meeting, China is now holding its 10th China Development Forum (excerpt):

Chinese premier: World should have faith in China

www.chinaview.cn

Special Report: China Development Forum 2009Special Report: Global Financial Crisis

China has launched plans to expand domestic consumption and promote economic growth. It will try its best to achieve the goal of eight-percent economic growth set for this year, according to Wen.

With timely efforts, the economy in some areas and industries in China is now witnessing better signs, Wen said.

“China can’t achieve self-development without rest of the world,” the Premier said, adding that China hopes to deliver confidence to the world and the world should have faith in the country.

SNIP

High-level officials, entrepreneurs, scholars and leaders from international and non-governmental organizations attended this year’s forum with the theme of China’s Development and Reform in the Global Financial Turmoil.

Remember the days when other countries sought “closer ties” to the U.S.? Well, Obama wants a “closer relationship” with China.

When these two meet at the G-20 session, who will be setting the pace?

And lest we forget Putin: he’s doing some saber-rattling…

Russian PM Putin Threatens to Review Relations with EU

SOCHI, March 23 (RIA Novosti) – Russia will start reviewing its relations with the European Union should Moscow’s interests be ignored, Prime Minister Vladimir Putin said on Monday.

SNIP

Russia had been effectively excluded from talks at an international investment conference in Brussels on the modernization of the Ukrainian gas pipeline network, adding that the conference, convened by the European Commission, was limited to discussions between Ukraine and the EU.

“If Russia’s interests are ignored, we will also have to start reviewing the fundamentals of our relations,” Putin said. “We would very much like for things not to reach this point.”

Interesting times, indeed…frightening times.

***

UPDATE March 26, 2009

EXCERPT:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aAHStUZFitk8&refer=home

Treasuries Fall on Supply Concern as Seven-Year Sale Looms

By Dakin Campbell and Susanne Walker

March 25 (Bloomberg) —

snip

‘Poor Communication’

The Fed joins central banks in the U.K. and Japan in extraordinary purchases of government debt. U.S. policy makers announced the decision last week to buy $300 billion of government debt in the next six months along with a plan to more than double purchases of housing debt to $1.45 trillion, hoping to reduce rates on home loans.

The dollar fell the most in almost a week against the euro on concern Treasury Secretary Timothy Geithner supported a Chinese plan to blunt demand among global central banks for the U.S. currency. The dollar weakened as much as 1.2 percent to $1.3651 per euro, the biggest intraday decline since March 19, before trading at $1.3601 at 4:20 p.m. in New York.

Geithner later affirmed the dollar’s role as the world’s reserve currency.

“The poor communication from the Treasury department has complicated the market for Treasuries,” said Baker Group’s Caughron.

More

***

ADDITIONAL INFORMATION

China Optimistic about Hu-Obama London Meeting (CRIEnglish.com report 3/23/09)

Official G-20 website

International Monetary Fund (IMF) website

CIS: Overview (from the Commonwealth of Independent States)

THE CIS –Executive Committee website

CIS Wikipedia article

The Past Week: January 11-17, 2009 (Al Jazeera Hooks up with PBS; House vs. Senate/Obama and Bailout Oversight; “Everyman” Biden; Non-GMO Verification Project; “The Prisoner” is Free; Extra Anatomical Tube Bypass

~~By InsightAnalytical-GRL

Looks like Al Jazeera finally is going to get a wider audience in the U.S.  From what I’ve seen of it on the Internet, I’m thinking it’s credible but I AM wondering about the connection to PBS!  Who set up this deal?  Was this just the Bush Administration’s idea or did the hand of Obama get involved somehow? And that the mere mention of NBC….

Al Jazeera Network TV deal broadens U.S. reach

Thu Jan 15, 2009 7:17pm EST

By Robert MacMillan

NEW YORK (Reuters) – The Al Jazeera Network plans to announce on Thursday that it has signed a deal to run its news on Worldfocus, a syndicated nightly news program produced in New York and distributed throughout the United States.

(SNIP)

Worldfocus, hosted by former NBC News correspondent Martin Savidge, is produced by New York City public broadcaster WLIW and syndicated to a number of Public Broadcasting Service affiliates, as well as other stations in 60 U.S. markets, including 27 of the top 30.

Al Jazeera declined to disclose terms of the deal.

The service’s Arabic-language network is available in the United States through the DISH Network Corp. It has been trying to increase the distribution of its English- language network through cable television, but so far is available only in Washington, D.C., Toledo, Ohio and Burlington, Vermont.

(MORE)

The story contains more details on Al Jazeera’s expansion via the Internet, which has grown to include a free broadcast service, YouTube, Twitter…and a marketing campaign being launched in the New York  Times and Washington Post.

***

On Wednesday, Harold Meyerson wrote an op ed piece in the Washington Post on the current financial crisis and had a moment of upset:

The Money-Changers

By Harold Meyerson

Wednesday, January 14, 2009; Page A17

…That’s why a bill that Barney Frank is promoting in the House, which would direct banks that choose to take bailout funds to start lending to creditworthy borrowers and designate no less than $40 billion for mortgage relief, is necessary if Congress is to authorize the Treasury to spend another $350 billion on TARP. Over in the Senate, the Democrats seem inclined to think that the need for such legislation is obviated by President-elect Obama‘s promise to administer the TARP in the ways that Frank’s bill would mandate.

If Obama’s appointees inspired sufficient trust that they would be willing to take on the banks, such legislation would be unnecessary. Unfortunately, they don’t.

(MORE)

What? A bit of doubt about Obama’s choices?  But my mind, as simple as it may be, asks this question.  First, what’s going to happen between the House and the Senate?  Seems Rep. Barney is having a sudden bout of  “accountablilty” when it comes to delivering bailout money to borrowers…they should be “creditworthy.”  And  that stipulation has to be within legislation that must be passed to authorize the Treasury to spend more bailout money.  But the Senate is saying “Who needs legislation?  We’ve got OBAMA’S WORD that he’ll do exactly the same thing without the bother of a law.”

So, I then ask myself: if Obama gets his mitts on this money, does it really go to “creditworthy” individuals?  Which individuals?  Will this be “reparation” money? If the recipients are the not “creditworthy” and a lot of them are the same people who couldn’t meet previous mortgages doesn’t this mean that Obama is just repeating the “non-oversight” pattern of the Democrats that helped get us into this MESS we’re in??

***

OK, the guy they tried to tell us hung out at his local Home Depot (he didn’t) and who’s got his son Beau lined up to glide into the Senate is still being sold to us as “Everyman”??  Oh, PLEASE!  From Silicon Valley’s Mercury News, which picks up this AP nonsense:

Senate veteran, Delaware everyman faces new role

By BETH FOUHY Associated Press Writer

As for the story, it’s the same old same old…

***

So, do you have any confidence that Obama will do something to remedy this situation?  Wonder if this is even on Tom Daschle’s radar? From the American Association for Health Freedom:

The Non-GMO Project Product Verification Program is Up and Running

The governments of the US and Canada stand in sharp contrast to sixty other countries around the world, including the European Union, Russia, and China, by not requiring foods that contain genetically modified organisms (GMOs) to be so labeled. They do so despite good evidence that GMOs could have negative health implications for humans and the environment, and despite the fact that 87% of American consumers want products that contain GMO ingredients to be labeled.

***

This week we lost Patrick McGoohan, who was Number 6–“The Prisoner”–in the Village.  I also enjoyed watching him in “Secret Agent” (“Danger Man” in the UK)  when I was  teenager. In fact,  I had a huge crush on him!

And, we can’t forget Ricardo Montalban either, who’s own “village” was on Fantasy Island…

Godpseed…

***

Ever hear of an “extra anatomical tube bypass”?  Well, my 24-year-old nephew had this surgery on Wednesday. He was born with a congenital defect of the aorta and underwent surgery when he was about 3.  His blood pressure has always been high and the meds have made him tired.  It was now time to make the fix since he’s stopped growing.  Instead of messing with the aorta itself and dealing with possible complications from previous scarring, the procedure used was a “bypass” which eliminates the need to arrest the heart and putting the body into hypothermia.  The surgery went well.  I convinced him to go to a medical hypnotist.  He didn’t need any blood transfusions and today, 3 days after the procedure, he’s only on Tylenol for the pain (which even the day of the surgery he described as being only “soreness”) and the swelling is almost gone. And his blood pressure is better now than ever before and equalized throughout his body.

Congratulations, Mark! You did it!!

***

THE PAST WEEK

“The Black President”: A 1926 Novel “Predicts” the Politics of 2008 with Some Eerily Similar Details

The Scanner-Politics 1/15/09 (40 Musical Obama Supporters Slide-Show; Barbie at 50 [French]; Women and the World; “Obama-Cola The Great National Temperance Beverage”; Tina Brown; WLS Chicago–the Governor Sells Furniture)

Hip-Hop Inaugural Events Start TONIGHT (1/14/09)…Ludicras Co-Hosting “Urban Ball”

The Obama/Media Combine Whoring Abraham Lincoln, Non-Stop

Reality Check from Our Chicago Correspondent: University of Chicago & Its Hospital “Terminating” Jobs Like Crazy (Michelle O., Guess Shuffling All Those Indigent Patients Elswhere Didn’t Help the Bottom Line That Much? Your “Plum” Job is Going, Too!)

The Past Week: January 4-January 10, 2009 (Donor Fatigue among Obamacrats; Wes Clark; Ms. Magazine–Total Sellout; Tess; Street Numbers Man; “Grounding” with Harvesting; Betta Fish Drama)