Weekday NEWS to Comfort the Disturbed and Disturb the Comfortable.
Thurs 12.31.2009
Happy New Year's Eve!
A Call for Geithner's Head Columnist Gary Weiss proposes several New Year's resolutions in the name of Wall Street overseers. Number one: President Obama should fire Tim Geithner. This week I’d like to make some New Year’s resolutions. This being a time of giving, I’ve generously made New Year’s resolutions not for myself, but for the people and institutions who run and supervise Wall Street. There are some things they need to do next year, and they’d better get cracking. So without further ado: President Obama: My New Year’s resolution for the president is that he fire Tim Geithner. That’s the best thing he can do to restore investor confidence in the markets.
Coming Soon: The Bill for the Massive U.S. Debt Americans could be in for a rude awakening in coming months when they discover the true scope of the massive national debt racked up by the U.S. government. In fact, the $1.6 trillion deficit expected for 2010, which is above 10% of gross domestic product (GDP), is only the beginning. Since the current economic crisis began in late 2007, the U.S. Federal Reserve has tripled the size of its balance sheet, creating enormous amounts of new money by lending to hundreds of ailing banks and buying up more than $1 trillion of questionable asset-backed securities. But that's only a small part of the story.
United States Debt Ridden Road to Perdition Decade after decade, Americans have voted for intellectually and morally bankrupt dullards that promise them more goodies under the tree. Every day is Christmas in Washington DC. Long-term means the next election cycle to these traitors of the Republic. I have written ad nauseum about the impending financial cataclysm that awaits our nation. I have spent countless hours documenting the unsustainable path of our politicians’ financial decisions and lack of courage in addressing the forthcoming tragedy that grows closer by the day. Our political system is so corrupt and dysfunctional that there is absolutely no chance that our path will be altered at the voting booth. Government programs are fashioned, but never finished. The IRS tax code consists of 3.4 million words covering 7,500 pages of payoffs to business lobbyists. Simplicity is a virtue.
Countdown to a Meltdown America's coming economic crisis. A look back from the election of 2016 It is time to think carefully about the next year. Our position is uniquely promising - and uniquely difficult. The promise lies in the fact that you are going to win the election. Nothing is guaranteed in politics, but based on everything we know, and barring an act of God or a disastrous error on our side, one year from today you will be sworn in as the forty-sixth president of the United States. And you will be the first president since before the Civil War to come from neither the Republican nor the Democratic Party.1 This is one aspect of your electoral advantage right now: having created our new party, you are already assured of its nomination, whereas the candidates from the two legacy parties are still carving themselves up in their primaries.
Times Square, Nasdaq reopened after scare New York City's Times Square was closed briefly and three buildings including the Nasdaq headquarters were evacuated in a security scare on Wednesday, a day before the traditional New Year's Eve festivities in the famed intersection. The street closings and evacuations were prompted by a police investigation of a suspicious van that local media reported had been parked on Broadway for two days. No explosives were found in the van, which police examined with robots and remote cameras. The typically busy Times Square intersection, Nasdaq building and two other buildings were cleared of people during the investigation which lasted about two hours.
Doug Casey on Gold Proofing Your Way Out of the Recession As the world's economies continue to crumble, you need to rethink your financial strategies if you plan on having enough left when you retire. This gives you insights on what to do no matter your current situation.
Gold steadies after dollar's rise dulls price Gold prices steadied in Asia on Thursday after dropping in U.S. trading as investors unwound long-gold short-dollar positions and cashed in on bullion's 25 percent rally this year, the metal's ninth consecutive annual rise.
Gold to hit $1,500 in 2010: Merrill Lynch Gold prices have been on a surge in 2009. Will the yellow metal continue to shine better in 2010; that is the question bullion traders and investors are asking these days. Global consultancy Merrill Lynch says gold bullion prices could rise to as high as $1,500 an ounce over the next year and a half thanks to a combination of factors. Bill O'Neill, from Merrill Lynch Wealth Management, told the Times that ongoing credit risk, the strength of commodities and the weakness of the US dollar would contribute to the rise.
Precious Metals to glitter in 2010 In welcoming 2010, the stars could not be better aligned for precious metal investors. Stimulus spending, coupled with a low federal funds rate and a new jobs program, should put plenty of money in the hands of precious metals holders. Stimulus and Silver 2009 was just the beginning for federal stimulus programs. Although the American Reinvestment Act was pushed through Congress in a matter of days, the money has moved much slower. Currently, only 58% of the allocated $158 billion has been awarded to start work on "shovel ready projects." However, of all the money awarded, only about $37 billion has actually been spent thus far. Many more projects are slated to start early 2010, and nearly all of the money will have been spent by 2011.
2010 Forecast: Gold to hit $1500, Silver to hit $25 I have been making my 10 predictions for 2 years now, since 2008. I initially got this idea from Byron Wien who has been publishing them every year since the 1980s, when he was with Morgan Stanley, then Pequot Capital , and now with Blackstone. My first picks for 2008 were accurate and had anticipated almost all major trends, substantially better than Byron's - something I called beginner's luck.
2009: A Good Year Mary Anne & Pamela Aden The Aden Sisters WHAT ABOUT 2010? Will these upmoves continue as we move into the new year? We believe that they will. But since these markets have all had significant gains, we’ll likely see further downward corrections first before they resume their rises. So don’t be surprised. Remember, no market goes straight up or straight down. Corrections along the way are normal and they’re healthy. The major trends are always the most important. That’s where your focus should be because that’s where the greatest profits are made.
Gold on sale as year ends The price of Gold dropped to a 3-session low at the start of London dealing on Wednesday, cutting its 2009 gains vs. the Dollar to 30% and losing 2.1% for the week so far. World stock markets fell together with government bonds. The US Dollar ticked higher on the forex market. Crude oil held near a 77% gain for the year above $79 per barrel.
Gold-price forecasts are all over the map Analysis estimates range from $950 to $1,500 The 2009 gold price average has settled-in at $972/troy ounce. A recovery in industrial production is likely to be needed to spark major gains in the industrial precious metals, but there's little consensus among analysts where the gold price is going in 2010-with forecasts are ranging from $950 to $1,500. The 2009 gold price jumped about $100 from the 2008 average as the noble metal was boosted by central bank diversification of cash reserves into bullion and by weakness in the dollar that pushed safe-haven investments into precious metals.
Gold Reserves: Nations scramble for golden pie Bullion and precious metals lovers and investors will remember and relish 2009 for all the good and bad things that made gold the hottest darling of investing public, traders, market manipulators and speculators across the world. Good things that they would relish: gold prices hit a record of $1227 per ounce; gold rush is on by mining countries across the world and nations are scrambling to amass gold reserves. Bad things that they pray that should happen in 2010: further collapse of the US dollar, wild stock market fluctuations and crashes that make gold a safe haven asset, and real estate bottoming down so that people rush to buy gold and silver as family assets!
Gold set to end year down 10pc from its December high Gold prices edged down with the dollar's firmness curbing bullion's appeal as a currency alternative. Gold hovered around the $1,080/oz level as the year draws to a close, around 10pc lower than its December high of $1212/oz. Trading remained very subdued with many Japanese players out of the market for new year holidays until January 4. Market players eyed the dollar, which kept the firmer tone it has developed recently on shifting sentiment about the outlook for U.S. rates in view of improving economic data. Some traders said the correction in gold prices was about to end as dollar short-covering, which was partly responsible for the dollar's recent rebound, was also nearly completed.
Gold, Silver, U.S. Dollar: All Hovering Below Resistance Areas Last week, and coming into this week we said the story in gold/silver vs. the US dollar would be a key marker. Thus far we have no resolution and with so little energy and volume in the markets - one should not expect any more clarity until the new year. Let's check in on the updated charts. First the US dollar (again, this chart is delayed by 1 day but the Dollar Index is currently just over $78, so a bit higher than Tuesday's close). Recall we sold our UUP (dollar ETF) options (bought just before Thanksgiving) on that first run into the 200 day moving average to lock in just under 30% gains; which in retrospect was the perfect play. As we said then, we are more than happy to re-buy our long dollar exposure but this time around we want to see the dollar index clear resistance - in this case the 200 day moving average (i.e. over $78.50) - this looks like it could happen.
Gold, lover of 2009 doom, hates booming 2010! Even as the world gets ready to write the obituary for 2009, there are millions of investors across the globe who must be thanking gold for saving the year for them. . . . . . . . . Near-term risk for gold at the moment remains very much on the downside. So analysts predict that gold will be around $1000/oz-to- $1100/oz band in the next six months. However, there are optimists who say gold prices will hover around $1400 to $1450 in the second quarter of 2010.
Jim Sinclair - A markets bear, but gold bull, crying in the wilderness Jim Sinclair can't find a markets bear anywhere and that rings warning bells! Jim Sinclair, a much respected and followed bull on the gold price, despairs of the analysts predicting a stock market boom in 2010. In a note yesterday Sinclair says "As we approach the New Year it seems the party has already begun, and the commentators are all full of spirits. I can't find a bear in the woods." "According to them the equity market is going up, the dollar is going up, commodities are going up, and even lip service is being paid to gold, but lip service only. The conviction being blasted out there is a line up of former pro-gold guys like Faber and Rogers. Today they rolled out Barton Biggs for his bullish equity-bullish dollar forecast. Soros and Buffett have already made their contribution to a dollar rally."
GATA sues Fed to disclose gold market intervention records GATA today brought suit against the U.S. Federal Reserve Board, seeking a court order for disclosure of the central bank's records of its surreptitious market intervention to suppress the monetary metal's price. The suit was filed in U.S. District Court for the District of Columbia and targets Fed records involving gold swaps, exchanges of gold with foreign financial institutions. In a letter dated September 17 this year to GATA's law firm, William J. Olson P.C. of Vienna, Virginia, (http://www.lawandfreedom.com) Fed Board of Governors member Kevin M. Warsh acknowledged that the Fed has gold swap agreements with foreign banks but insisted that such documents remain secret: http://www.gata.org/files/GATAFedResponse-09-17-2009.pdf
Ron Paul vs. The Fed Congressman Ron Paul crusades to get the Federal Reserve to become more transparent and end favoritism.
Dollar Gains as Gold, Equities Retreat on Stimulus Speculation The dollar climbed, sending gold and U.S. equities lower, as signs of an improving economy added to speculation the Federal Reserve will withdraw stimulus measures. Treasuries were little changed before an auction of $32 billion of seven-year debt.
2010's Perils & Potential To see 2010’s Potential we must first consider the Main Perils. “Hyperinflation Nears… The intensifying economic and solvency crises, and the responses to both by the U.S. government and the Federal Reserve in the last two years, have exacerbated the government’s solvency issues and moved forward my timing estimation for the hyperinflation to the next five years, from the 2010 to 2018 timing range estimated in the prior report. The U.S. government and Federal Reserve already have committed the system to this course through the easy politics of a bottomless pocketbook, the servicing of big-moneyed special interests, gross mismanagement, and a deliberate and ongoing effort to debase the U.S. currency. Accordingly, risks are particularly high of the hyperinflation crisis breaking within the next year…
Ghosts of 1987 I am a 'fan' of very few people in the money business. One of my favorite pundits is a frequent guest on Bloomberg Television, which I tend to watch off and on during the day on my computer screen: Joe Saluzzi. Another person for whom I always turn up the volume is Howard Davidowitz, the savvy and no-nonsense retail analyst. Here is Joe Saluzzi's excellent explanation for the 'odd' market behaviour which many traders have noted to me in the past few weeks.
Joe Saluzzi of Themis Trading on Bloomberg TV's Starting Bell
Renminbi set to replace US dollar for trade in Asia Pacific Hong Kong moves to position itself as clearing hub for renminbi-based transactions The Chinese renminbi is taking on an increased role in the Asia-Pacific region, and is expected over time to replace traditionally dominant currencies such as the US dollar and the euro for certain transactions. Chinese government policy changes have enabled Asian corporates to settle trades with their Chinese counterparts in renminbi. And increased intra-Asian trading volume may lead Beijing to also consider allowing other trade-related insurance and derivatives denominated in renminbi to be done offshore, according to bankers and regulators in Hong Kong
Lawmakers Want Probe Into Treasury Aid for Fannie, Freddie The Treasury Department's surprise Christmas Eve move to uncap the potential aid to Fannie Mae and Freddie Mac should be investigated, lawmakers from both political parties said Wednesday. Rep. Dennis Kucinich (D., Ohio) said his congressional subcommittee plans to investigate Treasury's decision to lift the existing $400 billion cap on government cash available to the two firms. Separately, Reps. Scott Garrett (R., N.J.) and Spencer Bachus (R., Ala.) called for the House Financial Services Committee to hold a hearing on the matter.
Fannie, Freddie lifeline comes with a big catch The government's Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is aimed at making sure the housing market doesn't take another turn for the worse and cause the economic recovery to unravel. This insurance policy taken out by the Treasury Department will help keep mortgage rates low, and may wind up being a gift of sorts to struggling homeowners and banks. But there's a catch: The housing crisis is now likely to cost taxpayers much more.
Fannie, Freddie proving too big to shrink Taxpayer tab for Fannie Mae, Freddie Mac likely to rise after Treasury's Christmas Eve pledge The government's Christmas Eve pledge of unlimited financial aid to mortgage giants Fannie Mae and Freddie Mac is aimed at making sure the housing market doesn't take another turn for the worse and cause the economic recovery to unravel. This insurance policy taken out by the Treasury Department will help keep mortgage rates low, and may wind up being a gift of sorts to struggling homeowners and banks. But there's a catch: the housing crisis is now likely to cost taxpayers much more.
Lenders Write Off More Credit Card Debt As job losses continued to mount, more and more consumers fell behind on their payments in November, Moody's Investor's Services reported Tuesday. Moody's Credit Card Index showed the charge-off rate on U.S. credit cards rose to 10.56%, up from October's charge rate of 10.04%. This reverses the recent downward trend in the charge-off rate, which had fallen in September and October.
'Too Big To Fail' Response Supports Bank Debt Government support of the U.S. banking sector, pending regulatory reform and reduced borrowing needs may benefit financial-company debt in 2010, according to Bank of America Merrill Lynch analysts. Declining loan demand means banks won't refinance all their debt coming due next year, analysts led by Jeffrey Rosenberg at Bank of America Merrill Lynch in New York wrote in a Dec. 23 report. John Gerspach, Citigroup Inc.'s chief financial officer, said his bank plans to refinance a third of the $45 billion in debt coming due next year, the analysts wrote.
Bankers Get $4 Trillion Gift From Barney Frank To close out 2009, I decided to do something I bet no member of Congress has done -- actually read from cover to cover one of the pieces of sweeping legislation bouncing around Capitol Hill. Hunkering down by the fire, I snuggled up with H.R. 4173, the financial-reform legislation passed earlier this month by the House of Representatives. The Senate has yet to pass its own reform plan. The baby of Financial Services Committee Chairman Barney Frank, the House bill is meant to address everything from too-big-to-fail banks to asleep-at-the-switch credit-ratings companies to the protection of consumers from greedy lenders.
Judge Napolitano: One Big Monster Government
Treasuries Set for Worst Year Since 1978 as U.S. Steps Up Sales Treasuries headed for the worst year in at least three decades as the U.S. stepped up debt sales to help spur growth in an economy recovering from the biggest slump since the Great Depression. The existing seven-year note was little changed after a $32 billion of sale of the debt drew a yield of 3.345 percent, compared with an average forecast of 3.372 percent in a Bloomberg News survey of four of the Federal Reserve's 18 primary dealers. U.S. government securities have fallen 3.6 percent this year, according to Bank of America Merrill Lynch indexes, the worst performance since 1978.
World Credit Market Shrinks First Time in 15 Years, Mizuho Says The amount of corporate debt outstanding globally shrank for the first time in at least 15 years in the first half of 2009 as U.S. banks reduced the size of their balance sheets, according to Mizuho Securities Co. The volume of corporate bonds, commercial paper and asset- backed securities fell to $52.9 trillion at June 30 from $53.2 trillion on the same day in 2008, Tetsuo Ishihara, a senior credit analyst for Mizuho in Tokyo, said in a report yesterday that analyzed data from the Bank for International Settlements.
Eurozone credit contraction accelerates Bank loans and the M3 money supply in the eurozone contracted at an accelerating pace in November, raising the risk that a lending squeeze will choke the region's fragile recovery next year. The European Central Bank said that loans to companies fell by a record 1.9pc from a year earlier. The broad M3 money supply - watched closely as a leading indicator for the economy a year ahead - fell by 0.2pc and has now been shrinking for several months. Julian Callow from Barclays Capital said the decline in lending was steeper than expected and will cause the ECB to move with great care before withdrawing emergency stimulus. "This is the weakest data since the statistics began in 1970 and probably in the post-war era. It is a message about what is happening to the banking system, which is the lending nexus for the eurozone economy," he said.
Michael Moore on The Charlie Rose Show (Friday, October 9th, 2009) "It's called a pyramid scheme, because only a few people can sit on top of the pyramid. Their job is to convince everybody else in the pyramid to work really hard because 'maybe you, too, can be up there in the pyramid with me some day,' but of course we all know that's not gonna happen. ... This whole system is set up to make sure that the people at the very, very top get away like bandits. ... You're asking the foxes to mind their own henhouse ... That's essentially what I feel we have, when you have the Rubins' and the Summers' and these guys still around. ... I think there is something boiling beneath the surface out there -- there is an anger. You can't throw that many people out of their homes ..." -- Michael Moore on The Charlie Rose Show, Friday, October 9th, 2009
"Financial Reform" Just Camouflage for Wall Street's Latest Power Play Anti-Wall Street sentiment makes for a good cover, but behind the scenes and rhetoric, legislators are working with the country's largest financial firms to fashion a new system that concentrates even more risk and reward at fewer banks. And what's more, the underlying socialization of the system will guarantee the success of excess with the full faith and credit of taxpayers. On Dec. 11, the U.S. House of Representatives passed the Wall Street Reform and Consumer Protection Act of 2009, which among other things, creates a consumer protection agency, strips the U.S. Federal Reserve of certain powers and subjects it to politicization, calls for big banks to finance a $150 billion bailout fund and gives the government power to break up or coddle financial firms as they see fit.
Treasury grants GMAC $3.8 billion in new aid The government on Wednesday provided a fresh $3.8 billion cash infusion to stabilize GMAC Financial Services as the financing company struggles with hefty losses in its home mortgage unit. The Treasury Department said the new aid, which comes from a taxpayer-financed bailout fund, is less than the nearly $6 billion the government had earlier thought GMAC would need to stabilize the company. The fresh infusion is on top of $12.5 billion in taxpayer money Detroit-based GMAC has already received from the government. The new agreement will boost the federal government's ownership in GMAC to 56 percent, from 35 percent.
Episode: The Card Game Investigating the massive consumer loan industry and what's ahead for banks and consumers... Duration: (56:23) Premiere Date: 11/24/2009
Honeywell reports 265 layoffs, temporary closures Honeywell Aerospace is laying off and furloughing workers and will temporarily shut down Phoenix-area operations next week to cut costs. The New Jersey-based aerospace and electronic components manufacturer reported to the Arizona Department of Economic Security that it will cut 265 Phoenix-area jobs in 2010. Honeywell has 12,600 workers in Arizona, mostly in its aerospace division. Details of the actions were not disclosed other to say the cuts will occur at the Honeywell plant on Air Lane near the airport in Phoenix.
Philadelphia Faces Rising Toll of Domestic Violence Responding to a sharp increase in homicides stemming from domestic violence, the Philadelphia Police Department announced plans this week to change how officers handle domestic abuse cases. While Philadelphia's overall homicide rate has dropped about 9 percent and all violent crime in the city is down compared with this time last year, there have been 35 domestic homicides since January - a 67 percent increase from 2008. The police say two additional killings are still being investigated and are likely to be added to the tally.
If Anybody Bothered to Take a Close Look at the Latest Housing Numbers... I read through the usual suspects in the mainstream media yesterday after the Case Shiller numbers were released and see headlines such as "Home Prices Flatten in October After 5 Months of Gains" and "Mortgage insurers rally after housing data" and wonder just how many of these reporters and analysts actually bothered to look at the data versus repeating sound bites. This has been a bad three quarters for the fundamental bears, but there is absolutely no macro or fundamental reason to turn bullish. As a matter of fact, the only reason I can see to buy stocks is that the stock prices are going up. That, in and of itself, should give one pause.
Rich Cling to Life to Beat Tax Man Nothing's certain except death and taxes -- but a temporary lapse in the estate tax is causing a few wealthy Americans to try to bend those rules. Starting Jan. 1, the estate tax -- which can erase nearly half of a wealthy person's estate -- goes away for a year. For families facing end-of-life decisions in the immediate future, the change is making one of life's most trying episodes only more complex. "I have two clients on life support, and the families are struggling with whether to continue heroic measures for a few more days," says Joshua Rubenstein, a lawyer with Katten Muchin Rosenman LLP in New York. "Do they want to live for the rest of their lives having made serious medical decisions based on estate-tax law?"
America’s Looming Class War In the weeks and years immediately following September 11, 2001, many Americans succumbed to the attractive yet fictional idea that all people in the United States share the same interests, goals and values. This idea of a mystical "unity" among all Americans took widespread hold as a natural human reaction to an attack by foreigners on American soil. With a dangerous cocktail of fear and anger coursing through their veins, and prodded on by the docile and unquestioning American political-media establishment, it was easy and emotionally satisfying to imagine that "we" were united together in a quasi-spiritual bond against an evil and maniacal foreign enemy. Members of America’s political class were not oblivious to the fact that they could exploit this idea for their own personal gain, and they pounced at the opportunity to pass legislation aimed at controlling and subduing Americans themselves – in the name of protecting them, of course. Seeking to distract Americans from the obvious fact that the U.S. government had both provoked the attack and failed to stop it, a bellicose vanguard of the political class pounced at the opportunity to make real their dream of sending American soldiers into far-away deserts and rocky mountains in order to spread "democracy" to the savages of the world.
Survivalism Lite Preparing for the worst Lisa Bedford is what you'd imagine of a stereotypical soccer mom. She drives a white Tahoe SUV. An American flag flies outside her suburban Phoenix home. She sells Pampered Chef kitchen tools and likes to bake. Bedford and her husband have two young children, four dogs, and go to church on Sunday. But about a year ago, Bedford's homemaking skills went into overdrive. She began stockpiling canned food, and converted a spare bedroom into a giant storage facility. The trunk of each of her family's cars got its own 72-hour emergency kit – giant Tupperware containers full of iodine, beef jerky, emergency blankets, and even a blood-clotting agent designed for the battle-wounded. Bedford started thinking about an escape plan in case her family needed to leave in a hurry, and she and her husband set aside packed suitcases and cash. Then, for the first time in her life, Bedford went to a gun range and shot a .22 handgun. Now she regularly takes her two young children, 7 and 10, to target practice. "Over the last two years, I started feeling more and more unsettled about everything I was seeing, and I started thinking, 'What if we were in the same boat?'" says Bedford, 49.
Snow-Removal Bills Leave States Scrambling Paying for Future Storms Worries Officials After Blizzards Squeeze Cash-Strapped Budgets in Midwest, East The blizzards that hit the Midwest and the Eastern Seaboard this month rang up huge snow-removal bills for cash-strapped state and local governments -- and left officials scrambling to figure out how they will pay to clear roads later in the winter. Maryland's State Highway Administration has spent more than $27 million this year on snow removal, the bulk of that clearing away a massive pre-Christmas storm. But the agency's annual snow-removal budget is just $26 million.
Will recession bring the end of free TV? For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer. The business model is unraveling at ABC, CBS, NBC and Fox and the local stations that carry the networks' programming. Cable TV and the Web have fractured the audience for free TV and siphoned its ad dollars. The recession has squeezed advertising further, forcing broadcasters to accelerate their push for new revenue to pay for programming.
Judge Napolitano : Healthcare is a Good, Not A Right!
Trial Lawyers Sidestep Malpractice Curbs With Blitz in Congress U.S. Senate staff members arriving at work by subway this month were greeted by signs proclaiming that "98,000 patients may die" through medical malpractice. On a single day in October, lawmakers received visits from more than 70 victims of doctors' errors and the attorneys who represented them. And the trial lawyers' political action committee gave members of the Democratic congressional majority more money than all but two other PACs.
Michael Moore Blasts House Health Care Bill "The health insurance companies are going to make an extra 70 billion dollars as a result of Americans being forced to buy their health insurance. What company wouldn't love this bill?" -- Michael Moore in Toronto Tuesday, November 17th, 2009
Codex Alimentarius (World Food Code) Summarized in 7 Points Dr. Rima Laibow HealthFreedomUSA.org, the website of the Natural Solutions Foundation, is beholden to no one: our only interest is health freedom. Rima E. Laibow, MD, successful natural medicine physician since the 1970s, has studied 16,000 pages of Codex documentation. Her conclusion is that people who say that Codex is "consumer protection", "voluntary", or "harmless" are, at best, seriously mistaken.
Codex: Serious Threat to Health and Health Freedom
Serves Economic Interests of Sickness Industries Through WTO and Napoleonic Code
DSHEA Protects America From Codex Alimentarius
Your Action is Needed Now!
Conclusion The objective of the pro-Codex Alimentarius multi nationals is to "boil the frog slowly" so that we do not wake up to it in time to avoid Codex. Once we have "HARMonize" to Codex Alimentarius, as long as we are in the WTO, we cannot amend or change what we've been "HARMonize" to. Codex Alimentarius will go into global implementation by December 31, 2009, unless We, the People, avert it. We must act now because right now, with $758 Million spent on declared Congressional lobbying by Big Pharma last year, there are members of Congress who are trying to overturn DSHEA and allow Pharma-friendly free reign for Codex. If protective laws like DSHEA are destroyed, the sanctioning power of the autocratic WTO kicks in, and it will be impossible to get out from under Codex Alimentarius. We can protect our access to high potency nutrients and stave off an adulterated food supply only by putting pressure on Congress
Codex Alimentarius - Google video 1:29:27 - 1 year ago Having spent the past twelve months investigating Codex Alimentarius, I am deeply disturbed by the almost total lack of awareness (or even interest) with regard to the implications of this pernicious global Commission, particularly amongst those most affected by the excesses of this restrictive legislation. In the words of the National Health Federation[i], the aims and objectives of Codex Alimentarius are as follows: * Only low-potency, "me too" supplements available that will do nothing for your health. * All or most foods genetically-modified. * Beneficial supplements unavailable or sold by prescription only. For many people, this agenda is so outrageous, they cannot believe such goals are achievable; yet this may well be the reality as soon as 31st December 2009, if the Codex Alimentarius Commission continues to disregard input from those who offer a counter perspective to the combined forces of Big Farmer & Big Pharma.
Codex Alimentarius Threatens Human Health On its web site, CA (Latin for food code) says: "The Codex Alimentarius Commission was created in 1963 by the FAO (Food and Agricultural Organization of the UN) and WHO (World Health Organization) to develop food standards, guidelines and related texts such as codes of practice under the Joint FAO/WHO Food Standards Programme. The main purposes of this Programme are protecting health of the consumers and ensuring fair trade practices in the food trade, and promoting coordination of all food standards work undertaken by international governmental and non-governmental organizations." Whatever its founding purpose, CA is much different today because corporate interests control it - global pharmaceutical, food, and banking giants in league with complicit UN and government agencies to promote GMOs over healthy foods, and drugs over natural remedies by restricting or banning vitamin and dietary supplements, except ones they control. Organic food as well by irradiation and hidden synthetic additives or ingredients.
Codex Alimentarius: Big Brother's Plan to Control Health Supplements Monstrously Toxic Power Play for Control of the Global Food Supply & Natural Health Industry The Codex Alimentarius agenda, which has long metastasized in the recesses of closed board rooms and governmental chambers, is now coming to light. This is the paramount issue of our times, yet few know about it. If Codex standards ever replace the current laws in the U.S. governing food and dietary supplements, it will affect not just Americans' right to choose supplements, but our right to grow crops with untampered seeds, to buy pure organic food, and to live free of the tyranny of Big Agro-Chem-Pharma-Med, through health-destructive FDA rules enacted and enforced by a pro-corporate government that cares nothing about our health freedom. In other words, the "natural health" industry will perish. Now more than ever, we must exercise our democratic duty and be vigilant in protecting that freedom, the health and survival of the Earth, and all her creatures and citizenry.
Judge Napolitano : Health Care Bill Will Destroy American Liberty!
Obama Slams Security Breach Reports, Intercepts Suggested Attack Preparations; Multiple Agencies Had Warning The U.S. had multiple pieces of information about alleged bomber Umar Farouk Abdulmutallab, according to senior U.S. officials, including intelligence reports and communications intercepts suggesting a Nigerian was being prepped for a terror strike by al Qaeda operatives in Yemen. The intercepts were collected piecemeal by the National Security Agency, which has been monitoring al Qaeda militants in that country, including former Guantanamo detainees believed to be leaders there.
Lieberman: Next Stop on the War on Terror Express – Yemen! On Sunday, Rep. Pete Hoekstra (R-MI) and Sen. Joe Lieberman (I-CT) told Fox News viewers about the latest country posing a threat to America: Yemen. Lieberman was particularly dire, warning that "if we don't act preemptively, Yemen will be tomorrow's war." On Fox News Sunday, Chris Wallace asked Hoekstra and Lieberman what kind of attitude America should take toward Yemen.
The Silent Cleric Who Holds the Key to Iran's Future We like to believe-and newspapers and television like us to believe-that the battle for Iran is being fought on the streets of Tehran, of Isfahan, of Najafabad. Untrue. The future of the nation is being decided in Qom, among the clerical leaders of Iranian Shia Islam; and one of the most influential of them-perhaps the closest of all the ayatollahs to President Ahmadinejad-is silent.
Eight Americans killed in Afghan blast were CIA agents Eight American civilians who were killed in a suicide attack at a military base in ?eastern Afghanistan yesterday were CIA agents, US officials confirmed tonight. CIA officials in Washington were not immediately available for comment, and US officials said they could not provide details before the agents' families were informed. The attack occurred late yesterday inside Forward Operating Base Chapman in Khost province, eastern Afghanistan. The base has been used to house a 'provincial reconstruction team' operating under Nato authority.
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