The decision came amid growing anger among European leaders over what they see as the role speculators played in undermining the Greek debt market and driving the country towards a possible default.

In a meeting in Berlin on Friday Angela Merkel, the German chancellor, and George Papandreou, the Greek prime minister, promised a joint push both in the European Union and the Group of 20 leading economies to clamp down on speculators who seek to exploit uncertainty over sovereign debt.

Ms Merkel said that both countries would seek “to show that speculative instruments need to be contained, especially where it is speculation against states”. She mentioned credit default swaps as one target of such an initiative, but gave no other clear details.

According to people familiar with this week’s €5bn Greek bond issue, authorities in Athens told banks handling the sale to make sure they did not allocate any bonds to hedge funds or any bodies that might be a proxy for them.

Government bond managers prefer to sell their bonds to traditional “buy and hold” investors such as asset managers, pension funds and life insurance companies rather than hedge funds. Hedge funds can cause sharp swings in bond prices as they buy and sell quickly in an effort to make fast profits.

After two studies refuted President Barack Obama’s assertions regarding the success of Spain’s and Denmark’s wind energy programs, a Freedom of Information Act (FOIA) request reveals the Department of Energy turned to George Soros and to wind industry lobbyists to attack the studies.

Via the FOIA request, the Competitive Enterprise Institute has learned that the Department of Energy — specifically the office headed by Al Gore’s company’s former CEO, Cathy Zoi — turned to George Soros’ Center for American Progress and other wind industry lobbyists to help push Obama’s wind energy proposals.

The FOIA request was not entirely complied with, and CEI just filed an appeal over documents still being withheld. In addition to withholding many internal communications, the administration is withholding communications with these lobbyists and other related communications, claiming they constitute “inter-agency memoranda.” This implies that, according to the DoE, wind industry lobbyists and Soros’s Center for American Progress are — for legal purposes — extensions of the government.

This is a defense commonly employed against FOIA requests when seeking to withhold certain communications with, for example, paid consultants.

As candidate and president, on eight separate occasions Barack Obama instructed Americans to “think about what’s happening in countries like Spain [and] Germany” if they wanted to know what successful “green jobs” policies look like, and if they wanted to know what we should expect here in the U.S. from his agenda.

Some European economists took a look. In March, a research team from Madrid’s King Juan Carlos University produced a detailed, substantive, heavily sourced, two-method paper: “Study of the Effects on Employment of Public Aid to Renewable Energy Sources.” The paper concluded that Spain’s “green jobs” program was an economic failure, in fact costing Spain many jobs.

So the green jobs initiatives in Europe were deemed a failure. That didn’t deter Barack Obama from trying to foist his massive green jobs initiative on the rest of us. He launched his own effort to “hide the decline,” the economic decline that green jobs created in Europe from the American people.

Now, I am not by any means an expert on wind energy, but The Blog Prof is. He is an Associate Professor of Engineering at Oakland University and teaches a class about wind turbines and says this:

Now let me preface this post by saying that I am actually a fan of wind power. I mean – I do teach the subject after all at the university. What I am against is government pushing the technology which has led to an artificial spike in demand and has raised corresponding prices, in essence created a wind turbine bubble that will soon pop when the demand comes back down to where it was supposed to be all along. In addition, there is little if any environmental benefit to wind turbines as many, especially in the media and political classes, ignore completely the raw material, energy and manufacturing that goes into each. It’s far from ‘green.’ Europe is at least learning the former lesson as its push for wind turbines is not having the beneficial economic effect that it was purported to have… I have posted a couple of times on the Spanish ‘green’ jobs or lack thereof, including this post – The True Cost of “Green Jobs”- with the conclusion that each green job displaced 2.2 conventional jobs. Denmark found a similar disaster afoot.

Which is why Obama called on Soros and his merry band of wind energy lobbyists to do what they could to hide the reality that wind energy does not create jobs, but kills them instead. As the president’s team did their best to undermine the reports, President Obama battled forward and continued with his narrative that a green economy is a more prosperous economy even though he knew the truth. To hell with the negative economic impact his green jobs initiative will have on America’s already weak economy. To this day Obama continues to push his environmental agenda no matter how bad it will be economically for our nation because it, just like his health care reform agenda, is the vehicle that will bring the American people under the control of the federal government.

The Washington Examiner has more in an editorial here.

European Commission President Jose Manuel Barroso claimed that financial stability was so critical that sweeping new powers were needed for Eurocrats in Brussels to meddle in the economies of all EU members.

But his threat sparked an angry backlash from critics of an ever- growing Brussels bureaucracy.

It raised fears that the EU – under unelected new President Herman van Rompuy – is planning a power grab.

Timothy Kirkhope, the leader of Tory Euro MPs, said: “The idea of compulsory economic policies is deeply disturbing. It reflects a very old fashioned ‘command and control’ approach which does not solve problems of the 21st century.” Mats Persson, director of think-tank Open Europe, said: “Economic growth cannot be forced from the centre.

“The unelected Commission is seeking to gain power over one of the corefeatures of democratic politics, deciding how a country’s economy is run. This has no public support and runs the risk of being hijacked by narrow political interests.”

Mr Barroso unveiled plans to restore growth and said: “The economic crisis is worse than anyone imagined and increased economic inter-dependence demands a more determined response and makes the case for stronger economic governance in the EU.

“Now we have the Lisbon Treaty, which provides for (economic) policy…warnings. The Commission intends to use these powers to the full.”

The term “short selling” in this context refers to investors, speculators and currency manipulators who bet on the decline or collapse of a stock or currency through complex financial instruments handled mostly through secret off-shore accounts. For the hedge fund short sellers to make money, prices have to go down.

Short-sellers, who are appearing at a March 11 event at the libertarian Cato Institute, insist that they “provide liquidity and transparency to our capital markets” and that their operations “expose corporate fraud and mismanagement.”

But Diamond strongly disagrees. He says the Managed Funds Association, the lobbying arm of the hedge fund short sellers, is crafty and deceitful.

“When they tell you that short selling contributes liquidity to the market, that is a lie. Short selling destroys capital and takes away liquidity from the market. When they tell you that they are taking steps to remove manipulation from the stock market, that is a lie. They are taking steps to introduce manipulation to the stock market, and prime the stock market for manipulation and looting. When they tell you that the uptick rule is outdated, because of decimalization, that is a lie. They lie to deceive, to bring forth a big pay day from short selling, hence the looting of America and America’s wealthiest corporations and their shareholders, sanctioned by their Washington D.C. lap dogs.” ~Zubi Diamond

“The most influential members of Managed Funds Association, the hedge fund short sellers, have an anti-capitalism agenda, an anti-industrialized nation agenda, and a far left liberal, Marxist radical agenda,” Diamond says.”Hedge Fund short sellers are not capitalist. They are anti-capitalist and they are not investors; they are anti-investors.” He says they “loot” companies and countries.

The Times noted that a dinner was held in New York last month where “representatives of some of these hedge funds discussed betting against the euro” in the wake of the Greek financial crisis. As a result, the paper said, at least four hedge funds had been asked by the Justice Department to turn over trading records and other documents. They were Greenlight Capital, SAC Capitol Advisors, Paulson & Company and Soros Fund Management.

Claiming that Soros is not involved in any wrong-doing, Michael Vachon, a spokesman for Soros Fund Management, told the Times that, “It has become commonplace to direct attention toward George Soros whenever currency markets are in the news.”

Diamond, an African immigrant who came to America and became a successful businessman, concludes otherwise, saying that Soros and other short sellers who belong to the Managed Funds Association, the “voice of the global alternative investment community,” are corrupting influences that undermine nations, their economies and currencies, and the global financial system as a whole.

Diamond, with 14 years of experience in the financial markets, calls his book a course in “Economic crisis 101” because of the need to inform ordinary Americans of what is happening right before their eyes. The book is easy to read, although it deals with complex financial regulations and operations, and is only 118 pages. The theme is that the economic crisis was deliberately engineered for profit and political gain and has already resulted in the “looting” of $11 trillion from the U.S. economy.

AIM had warned about this potential problem in a January 16, 2008, column, “Soros Bets on U.S. Economic Collapse,” in which we noted hedge fund ties to the Democratic Party and a report that hedge fund managers, including Soros, stood to make billions of dollars from a U.S. housing market collapse.

Regulation of the hedge fund industry and other recommendations are included in Diamond’s book, which carries the subtitle of “The scam that elected Barack Obama.” He accuses many of these same global players now under scrutiny for wreaking havoc in Europe of being behind the U.S. financial crisis that enabled Obama to win the presidency.

“George Soros put the support of the organization [the MFA] behind Obama,” his book says. “Soros wanted somebody that hates the traditional America and its constitution, a left-wing radical like himself, so he chose Obama.”

“Nothing will happen until the American people know what caused the economic crisis and the solution for fixing it,” he tells AIM. “Nothing will happen until the American people know about the Managed Funds Association and their role in engineering the economic collapse.” He calls the MFA “the cancer in our society that needs to be cut out, exterminated and abolished. America and capitalism will not survive unless the Managed Funds Association is eradicated, uprooted and destroyed.”

The MFA, meanwhile, is undergoing what the Politico calls an “image makeover,” as more scrutiny is being applied to the operations of its members. MFA President and CEO Richard Baker tells the publication that “…we have an enormous job ahead of us in providing understanding about the industry that is based in the actual market role we play, as opposed to the perceptions that have been allowed to build.”

Diamond tells AIM that the crisis in Greece “is just one more theater of the repercussions of the scam to annihilate capitalism. They need to be regulated just like mutual funds. If you regulate the hedge fund short sellers, just like mutual funds, that will remove the incentive for their predatory behavior of targeting companies, countries and currencies.”

Looking ahead, Diamond says, ”When the European Union (EU) bails out Greece, that bail-out will increase the EU deficit and weaken their currency, hence the decline in EU currency.
That is the theory being floated by the manipulators. George Soros, the hedge fund short sellers and the speculators will trade with that assumption. They will run down the EU currency and that will be a manipulation by collusion.”

Diamond notes that Soros is a member of the Managed Funds Association, and they are “making negative comments about the Euro. They are targeting and preying on capitalist countries and currencies.”

He goes on, “They feel invincible. They have a license to destroy any company or country or hold the company or country hostage while preying on the investors. They are having dinner meetings, openly discussing collusion to attack a particular asset class, equity, or a country’s currency. If this is not organized crime, I do not know what is.”

He warns that any asset class that is traded in the NYSE, CME, or EUREX exchanges is susceptible to manipulation by the members of Managed Funds Association and their strategic partners. “They have primed the market for manipulation,” he says.

In the case of Greece, Diamond says that the country “gathered all her nest eggs and brought it to the wolves’ den at Goldman Sachs,” a member of Managed Funds Association, “but Goldman Sachs then shorted the market while their clients were on the other side of the trade.”

Diamond says there would not have been a Greece debt crisis if the all the safeguard regulations had not been removed. He blames Christopher Cox, who served as chairman of the Securities and Exchange Commission (SEC), for laying the groundwork for this financial upheaval. “The removal of the uptick rule, and the circuit breakers and the introduction of mark to market accounting is what caused the economic collapse and the stock market crash,” he says. “Greece lost investment capital in the 2008 Wall Street collapse, which gave their country a balance sheet problem on top of the debt they already have. Their deficit ballooned. You know the rest. The EU is accusing Greece of not disclosing all their debt and investment risk exposure.”

Commenting on reports that federal authorities and the SEC will investigate Goldman Sachs for their involvement in the Greece debt crisis, Diamond says that “my prediction is that nothing will happen” because Goldman Sachs is a member of the powerful MFA.

“The Managed Fund Association is the government,” Diamond charges. “They bought the policy makers and regulators, and then took over our government.”

This is what emerged during the first week of December with a speculative assault or bear raid against Greek and Spanish government bonds as well as the euro itself, accompanied by a scurrilous press campaign targeting the “PIIGS,” an acronym for the countries just named, coming from inside the bowels of Goldman Sachs. I have discussed this phenomenon several times over the last two to three weeks on my radio program on GCN.

Now comes concrete proof of this conspiracy in the form of a Feb. 8 “idea dinner,” held at the Manhattan townhouse of Monness, Crespi, Hardt & Co, a boutique investment bank. Among those present were SAC Capital Advisors, David Einhorn of Greenlight Capital (a veteran of the fatal assault on Lehman Brothers in the late summer of 2008), Donald Morgan of Brigade Capital, and, most tellingly, Soros Fund Management. The consensus that emerged that night over the filet mignon was that Greek government bonds were the weak flank of the euro, and that once a Greek debt crisis had been detonated, all outcomes would be bad for the euro. The assembled predators agreed that Greece was the first domino in Europe. Donald Morgan was adamant that the Greek contagion could soon infect all sovereign debt in the world, including national, state, municipal and all other forms of government debt. This would mean California, the UK, and the US itself, among many others. The details of this at dinner were revealed in the headline story of the Wall Street Journal on Friday, February 26, 2010. (See article)

Nor was this the only cabal in town intent on attacking the euro through the week Greek flank. The article cited suggests that GlobeOp Financial Services and Paulson & Co. are also piling on. The zombie banks were also heavily engaged. The article reported that Goldman Sachs, Bank of America-Merrill Lynch, and Barclays Bank of London were also assisting speculators in placing highly leveraged bearish bets against the euro. Note that these zombie banks are alive today because of US taxpayer money, in Barclay’s case through AIG.

It amounted to a deliberate attempt to create a large-scale world monetary crisis which would certainly bring with it the dreaded second wave of the current world economic depression. The creation of monetary chaos in Europe through the convulsive destruction of the euro under speculative attack would cripple commodity production in western Europe, severely undermining one of the dwindling areas of the world economy which are still functioning. The genocidal implications for humanity ought to be obvious, but the assembled hedge fund hyenas were not concerned with these consequences.

George Soros has been telling every media outlet that will listen that the euro is doomed to fall apart and break up over the short run. Soros even has a theory to deploy as part of his speculative attack. Soros argues that the fatal flaw or original Sin of the euro is that it was based on a common central bank among the participating countries, but lacked a common treasury and tax policy. This means that a country like Greece can no longer defend itself from a speculative attack on its bonds by the simple expedient of currency devaluation, since there is no more drachma, and the euro is controlled from Frankfurt, not Athens. British spokesmen are quick to point out that, even though the financial situation of London is far worse than that of Athens, the British government is already devaluing the pound through a downward dirty float.

Given Soros’s infamous track record, he must be taken seriously. In 1992, Soros became world famous through his attack on the European Rate Mechanism, which he executed by a highly leveraged speculative assault on the British pound, at the time one of the weaker members of the ERM. Soros’ speculative attack led to a pound devaluation and the ragged breakup of the ERM, and netted Soros £1 billion in profits. It was as if Soros had personally stolen a £20 note from every man, woman, and child in Britain. The speculative gains were no doubt gratifying, but the overriding political purpose of the assault was to sabotage that phase of European monetary policy.

The London Economist has gone out of its way to mock Spanish Prime Minister Zapatero’s remark that Spain was under international speculative attack. Press organs of the city of London and Wall Street have ridiculed the Greeks as a nation of paranoid conspiracy theorists. And yet, the revelations made so far are strong circumstantial evidence of pre-concert, as Lincoln would say. Even the US Department of Justice has been forced to send letters to the participants in the infamous “idea dinner,” warning them not to destroy any of their records and thus putting them on notice that they are under investigation. While we should not have any illusions about the prosecutorial zeal of Attorney General Eric Holder, who once represented the international financial bandit Marc Rich, this is at least a beginning. Spanish and Italian judges are noted for their independence, and one of or more them may wish to examine the activities of Soros, Goldman Sachs, and their hedge fund allies.

Greece does not need an austerity program, as the Greek labor movement has eloquently argued in the course of their successful and admirable general strike last week. Greece does not need a bailout from Germany, the sinister International Monetary Fund, or from anyone else. Least of all does Greece need to accept the advice of Austrian school or Chicago schools charlatans who recommend the catharsis of a deflationary crash that would destroy an entire generation through unemployment, poverty, and despair. Greece needs to defend itself with a 1% Tobin tax on all derivatives and other financial transactions. Greece should take the lead in outlawing credit default swaps, which amount to issuing insurance without meeting the capital requirements of being an insurance company. Greece needs to enforce EU and national antitrust laws. If Soros and his gang succeed in breaking up the euro, Greece should make the best of it by immediately imposing heavy-duty exchange controls and capital controls to protect the new drachma, on the model of Malaysia a dozen years ago. Greece should shut down domestic zombie banks and seize its central bank and use it to issue 0% credit for industrial and agricultural hard commodity production. If the Greeks made plain what they intend to do if they are forced to fall back on the drachma, the financiers who fear such an example would have another reason to relent.

Another obvious expedient is that of a bear squeeze or short squeeze. Soros, Goldman Sachs, and their gang of hedge fund allies have now used derivatives to establish short positions against Greek bonds and the euro, betting that these latter will go down. Political pressure is now being brought to bear on the European Central Bank and the Greek central bank to undertake an unannounced large-scale purchase of Greek bonds and euros in the forward market, causing the Wall Street predators to lose their bets, thus punishing them severely with extravagant losses. This is normal central bank practice, and it will be astounding if the Greeks do not execute such a maneuver very soon.

The world now faces a stark choice between two alternatives, with Wall Street forcing the issue. The first is that the zombie banks and hedge funds, having been saved and bailed out by national states and their taxpayers, will repay the favor by driving the national states and all forms of state, provincial, and local government into bankruptcy. This will be synonymous with the destruction of modern civilization itself. The second and preferred alternative is that the national states summon the political will to use the inherent powers of government to place the zombie banks, hedge funds, and related purveyors of derivatives into bankruptcy receivership and shut them down once and for all, relying in the future on nationalized central banks for the provision of credit. The second alternative would allow the preservation of modern civilization as we have known it. But in the meantime, the derivatives-based speculative attack on the southern flank of the euro has accelerated the arrival of the second wave of depression, which now appears likely to strike the world before the end of 2010.

Up to 3,000 devices, the size of a mobile phone, will enable officers on patrol to cross-reference prints with national records.

Senior officers claimed the scheme would speed up criminal inquiries, bring more people to justice and save thousands of hours of police time.

But fears have arisen the technology could contribute to the so-called “surveillance state” and encourage random searches.

Police said scanned fingerprints would only be stored for a short time while they were checked and would not be added to any databases.

The National Police Improvement Agency (NPIA) said the contract was worth £9 million over three years.

A limited trial of 330 mobile fingerprint devices, in which heavier machines were carried by motorway patrols, started in 2006 and eventually involved 28 forces.

The pilot, known as Operation Lantern, showed officers saved at least 30 minutes every time they used a machine.

The technology was also used to identify murder victims and people left unconscious or incapable as a result of road crashes.

The device works by electronically scanning the subject’s index fingers. The results are then encrypted and sent to a central database.

The images are then cross-referenced against the national fingerprint collection of 8.3 million prints. Each search takes less than two minutes.

Chief Constable Peter Neyroud, of the NPIA, said: “From hours to minutes, advances in fingerprinting technology are helping the police to identify one person from many.

“Identification is crucial to police investigations and giving officers the ability to do this on the spot within minutes is giving them more time to spend working in their communities, helping to fight crime, bringing more offenders to justice and better protecting the public.”

In a report published last year, campaign group Liberty said the devices could encourage officers to usurp their powers to request fingerprints.

The organisation said it had “very real concerns” about the move and said there needed to be more debate over use of the machines.

Alongside austerity measures such as cuts to public sector pay and a freeze on state pensions, why not sell a few uninhabited islands or ancient artefacts, asked Josef Schlarmann, a senior member of Angela Merkel’s Christian Democrats, and Frank Schaeffler, a finance policy expert in the Free Democrats.

The Acropolis and the Parthenon could also fall under the hammer, along with temptingly idyllic Aegean islands still under state ownership, in a rush to keep bankruptcy at bay.

“Those in insolvency have to sell everything they have to pay their creditors,” Schlarmann told Bild newspaper. “Greece owns buildings, companies and uninhabited islands, which could all be used for debt redemption.”

Only yesterday the ruling socialist government in Greece published its third attempt to reduce the country’s debts and please EU governments, which have pledged to support the beleaguered economy if austerity measures are enacted.

Strikes and street protests have already threatened to bring many industries and public services to a standstill if the cuts go ahead.

But Germans remain unmoved by the troubles facing Greece. Opinion polls show Germans are overwhelmingly against a Berlin-funded bailout. Greece’s deficit was 12.7% of national income in 2009, well ahead of the EU’s 3% limit.

Merkel will meet the Greek prime minister, George Papandreou, in Berlin on Friday.

“The chancellor cannot promise Greece any help,” Schaeffler told Bild in a story under the headline: “Sell your islands, you bankrupt Greeks! And sell the Acropolis too!”

“The Greek government has to take radical steps to sell its property – for example its uninhabited islands,” Schaeffler told Germany’s best-selling daily newspaper.

Greece’s deputy foreign minister, Dimitris Droutsas, was asked about the idea in an interview with ARD TV. “I’ve also heard the suggestion we should sell the Acropolis,” Droutsas said. “Suggestions like this are not appropriate at this time.”

Germans have had an allergic reaction to reports their country may be part of a bailout for Greece. Many fear it could lead to similar calls for cash from Spain and Portugal, which have also been badly hit following the financial crash.

Europe’s biggest economy itself is only just creeping out of its worst postwar recession. Last week figures revealed the German economy had stalled, while separately, politicians wrestled with a bigger bailout for its second-largest bank, Commerzbank, which purchased billions of pounds worth of exotic financial instruments linked to US sub-prime mortgages.

Greeks reacted with outrage to the proposals today, with many taking to the airwaves to complain about all things Teutonic.

“I don’t mind so much about the austerity measures, it’s the Germans,” a former government employee told a radio host. “The suggestion that we now sell off our national assets has got me so angry I am boycotting all their products.”

The country’s consumer federation, INKA, summoned Greeks to boycott German products, including supermarket chains and car dealerships, following a spasm of national fury at the way the country was being portrayed by the German media.

“The pressure the Germans are putting us under is outrageous,” said Sarandi Pitsas, a pensioner who took to the streets to protest against the austerity measures. “When we were carving beautiful statues like the Venus de Milos,” he said, referring to the cover of a German magazine which showed the statue gesturing obscenely under the headline ‘Greek cheats’, “they were living in caves and growling like dogs.”

Five days after it was launched, the 100,000-strong consumer group says the boycott of products and shops is going splendidly. “The response has been immense,” Haralambous Velidarakis, a board member of INKA, said. “This is not against the German people but in protest against sustained attacks from the German government, which will lead to the impoverishment of Greeks.”
After yesterday’s call by two German politicians that Greece sell off islands, historic buildings and artworks before receiving aid, the German tabloid Bild has written an open letter to the Greek prime minister George Papandreou:

Dear prime minister,

If you’re reading this, you’ve entered a country different from yours. You’re in Germany.

Here, people work until they are 67 and there is no 14th-month salary for civil servants. Here, nobody needs to pay a €1,000 bribe to get a hospital bed in time.

Our petrol stations have cash registers, taxi drivers give receipts and farmers don’t swindle EU subsidies with millions of non-existent olive trees.

Germany also has high debts but we can settle them. That’s because we get up early and work all day.

We want to be friends with the Greeks. That’s why since joining the euro, Germany has given your country €50bn.

A massive solar storm could leave millions of people around the world without electricity, running water, or phone service, government officials say.

That was their conclusion after participating in a tabletop exercise that looked at what might happen today if the Earth were struck by a solar storm as intense as the huge storms that occurred in 1921 and 1859.

Solar storms happen when an eruption or explosion on the surface of the sun sends radiation or electrically charged particles toward Earth. Minor storms are common and can light up the Earth’s Northern skies and interfere with radio signals.

Every few decades, though, the sun experiences a particularly large storm. These can release as much energy as 1 billion hydrogen bombs.

How Well Can We Weather The Solar Storm?

The exercise, held in Boulder, Colorado, was intended to investigate “what we think could be close to a worst-case scenario,” says Tom Bogdan, who directs the Space Weather Prediction Center in Boulder. The Center is a part of the National Oceanic and Atmospheric Administration.

“It’s important to understand that, along with other types of natural hazards, (solar) storms can cause impacts,” says Craig Fugate, Administrator of the Federal Emergency Management Agency (FEMA), who also took part in the tabletop exercise.

Bogdan and Fugate say that eventually there will be another storm as big as the ones in 1921 and 1859 — a sort of solar Katrina.

But the impact is likely to be far worse than in previous solar storms because of our growing dependence on satellites and other electronic devices that are vulnerable to electromagnetic radiation.

In the tabletop exercise, the first sign of trouble came when radiation began disrupting radio signals and GPS devices, Bogdan says.

Ten or 20 minutes later electrically charged particles “basically took out” most of the commercial satellites that transmit telephone conversations, TV shows and huge amounts of data we depend on in our daily lives, Bogdan says.

“When you go into a gas station and put your credit card in and get some gas,” he says, “that’s a satellite transaction.”

Disabled Satellites Are Just The Beginning

The worst damage came nearly a day later, when the solar storm began to induce electrical currents in high voltage power lines. The currents were strong enough to destroy transformers around the globe,” Bogdan says, leaving millions of people in northern latitudes without power.

Without electricity, many people also lost running water, heat, air conditioning and phone service. And places like hospitals had to rely on emergency generators with fuel for only two or three days, Bogdan says.

In many ways, the impact of a major solar storm resembles that of a hurricane or an earthquake, says Fugate.

But a solar Katrina would cause damage in a much larger area than any natural disaster, Fugate says. For example, power could be knocked out almost simultaneously in countries from Sweden to Canada and the U.S., he says. So a lot more people in a lot more places would need help.

Individuals don’t need to make any special preparation for a solar storm, Fugate says. The standard emergency kit of water and food and first aid supplies will work just fine.

“If you’ve got your family disaster plan together, you’ve taken the steps, whether it be a space storm, whether it be a system failure, whether it be another natural hazard that knocks the power out,” Fugate says.

Barack Obama is not inept, greedy or stupid and he isn’t one of “us”.

He rose from obscurity to power with his top economics adviser, Zbigniew Brzezinski, the co-founder of David Rockefeller’s Trilateral Commission and he travels in the same circles as other members of the super-secret Skull & Bones Society at Yale University, who pretend to be running for president every four years.

The decision to have Obama preside over the greatest financial calamity since the Great Depression was made five years ago; the November election was a formality. (Why Joseph Biden will be the Next Vice President of the United States)

To believe otherwise, is to ignore the Bradley/Palin effect and the decision by John McCain to wait until his concession speech to shed the image of a nasty “grumpy old man.”

In September 2008, when the Obama campaign seemed to be slumping and their candidate’s long-standing lead in the polls had evaporated, the senator’s supporters openly worried that a potential victory might be slipping away. Then, providence joined the campaign: the failure of the giant investment bank Lehman Brothers followed by a global financial meltdown in the month of October.

And, “speaking of change”, escalating the war in Afghanistan and Iraq and his policies on Guantanamo, state secrets, renditions, executive power, bail-outs and the stimulus packages are for the most part identical to those of George W. Bush.

However, the policies at the Federal Reserve have changed…inexplicably, monumentally and historically:

As of October 2008, the men behind the Federal Reserve, all connected to the House of Rothschild, are no longer giving up what’s left of their real wealth so the middle class can live the American Dream, a nightmare for the planet.

Brian Deese, special assistant to president Obama for economic policy, in his first government position, shuffles back and forth from the West Wing to the Treasury Department rewriting the rules of American “capitalism” as he dismantles the US Housing, Automobile Industry and the American Dream. (The 31-Year-Old in Charge of Dismantling G.M., David E. Sanger)

Deese’s First Rule: Withdraw Credit and Liquidity:

Causing spending to fall even further, forcing companies to cut back on inventory and staff – Creating even more unemployment…263,000 jobs eliminated bringing the total to 39 million Americans who are no longer working or looking for work. (The September Employment Rate is 90%)

And that’s before the recently announced “planned three-year budget freeze on government discretionary spending.”

The Federal Reserve Act of 1913

One of the most important domestic acts in the nation’s history took the power to create money from the people and gave it to the robber barons of our filtered history books in theory for profit.

The Federal Reserve was instrumental in the development of America into a world power.

The United States, in its first decades, was a land of small farms and nearby towns with few cities of any consequence. The young nation seemed far more interested in becoming a successful experiment in democracy, rather than an economic power.

A central bank, necessary for a consumer society, large cities, a common medium of exchange, and a mechanism to regulate that medium were greeted with hostility, since many of the nation’s leaders disdained the urban life.

Anyone who spoke against the “Creature from Jekyll Island” by G. Edward Griffin was silenced.

Presidents Garfield and McKinley, outspoken champions of “sound” money and opponents of a central bank, were suspiciously silenced permanently.

The conflict between rural values and urban reality ended when Woodrow Wilson “unwittingly ruined his country” and signed into law the legislation that put “the growth of the nation . . . and all our activities in the hands of a few scoundrels (men).”

Once those scoundrels got control of the supply of money in the Franklin Roosevelt Administration, they began to buy government securities at the rate of ten million dollars a week for 10 weeks, and created one hundred million dollars in new (checkbook) currency, which alleviated the critical famine of money and credit, and the factories started hiring people again.” (Secrets of the Federal Reserve, Eustace Mullins)

Now those scoundrels remain in control of the supply of money in the Barack Obama Administration, they are making generous interest payments to the banks for “parking” their TARP and other government taxpayer bailout money, which is aggravating the critical famine of money and credit, and the factories started laying people off (263,000 people in September bringing the total to 39 million Americans who are no longer working or looking for work).

One of the more absurd notions that found its way into the history books and the writings of economic experts, is that somehow these Robinhood barons (swindlers and scoundrels of history) were made wealthier by manipulating the Monopoly money they created out of “thin air” used to “alleviated the critical famine of money and credit” so the factories could start hiring people again and finance our consumer society.

In 1910, the men behind the Federal Reserve Rockefeller, Kuhn, Loeb and Morgan, all connected to the Rothschild’s global financial empire, owned or controlled one-sixth of the world’s real wealth—gold, silver and raw materials—not the fiat currency we call money.

And their real wealth, where is it now?

Used up, as in consumed, by the middle class so former members of the Third Estate (serfs and slaves) could have houses, cars, RVs, TVs and DVDs—the affordable things we take for granted which put the planet, according to the GEO4, a massive United Nations Report, at the “unknown points of no return.” (Liberté, Egalité, Fraternité – Providence, Miracle or What Really Happened)

The swindler’s and scoundrel’s wealth, not yours or mine, was eventually “cut, mined and hauled away,” so that Americans could “trash the planet” with that cheap stuff until October 2008.

Money control, Gustav Stolper wrote in “This Age of Fables” is, “the supreme and most comprehensive of all governmental controls and the 1838 quote:

“Permit me to issue and control the money of a nation, and I care not who makes its laws” (Incorrectly attributed to Mayer Amschel Rothschild who died in 1812).

Reflects the “maxim” of the House of Rothschild.

However, “money lenders of the Old World” cannot be talking about profits unless you believe The Rothschilds didn’t understand that they were about to give up $500 trillion of real wealth in exchange for $500 trillion pieces of worthless fiat currency.

During the last 100 years, those swindlers and scoundrels were able to distort the structure of relative prices; generate misallocations of labor and capital throughout the economy; rationalize new governmental interventions in the face of the market “instability” manipulate the patterns of and the profits from international trade which resulted in the Industrial Revolution, the Great Depression, the stagflation of the 1970s, the dot-com and the housing market bubbles and unprecedented prosperity for the middle class.

Would we have a financial crisis to go with our environmental crisis if Wilson hadn’t ruined the country when he gave away the people’s right to print their own money and we had our own bank?

No.

North Dakota is the only state in the union to own its own bank. The Bank of North Dakota (BND) was established by the state legislature in 1919 specifically to free farmers and small businessmen from the clutches of out-of-state bankers and railroad men.

The state of North Dakota, one of only two states (along with Montana) expected to meet its budget in 2010. North Dakota was also the only state to actually gain jobs in 2009 while other states were losing them. Since 2000, North Dakota’s GNP has grown 56 percent, personal income has grown 43 percent and wages have grown 34 percent. North Dakota in 2009, had a budget surplus of $1.3 billion, the largest it ever had – in a state with a population of 700,000. (The North Dakota Model for Capitalizing Community Banks, Ellen Brown)

North Dakota, a land of small farms and towns more interested in remaining a successful experiment in democracy rather than an economic power.

At this point, it is advantageous to consider the efforts of writer Andrew Hitchcock:

“The Rothschilds have been in control of the world for a very long time, their tentacles reaching into many aspects of our daily lives, and are the hidden hand behind all the social cataclysms in history: The French and American Revolution, the Civil War, World Wars, the Industrial Revolution, the Federal Reserve (and our consumer society).”

John Sherman, a Rothschild protégé in a letter sent to New York bankers on June 25, 1863 in support of the then proposed National Banking Act, wrote:

“The few who understand the system, will either be so interested in its profits, or so dependent on its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantages…will bear its burden without complaint, and perhaps without suspecting that the system is inimical to their best interests.” (World War II And Pound, 1940-1945: The Anti-Semite Revealed, Ellen Cardona)

In other words, the “few that understand the system”, without a 20th century environmental perspective of the middle class “trashing the planet”, would not be capable of comprehending a system that would put the planet at the “unknown points of no return” because the environmental damage and pollution was the goal and not the unintended consequences of the Industrial Revolution and our consumer society.

The Federal Reserve isn’t evil because they print our money and make us pay interest on it; they are evil because they are in a metaphysical war with mother-earth (Gaea).

October 2008 marked the last day the “lender of last resort” would give up what’s left of their real wealth, used to con us into shopping for useless toxic stuff, to weaken their opponent, mother-earth. (Ominous Signs Are Aligned: Not A Particularly Good Sign (11-09))