Wednesday, October 21, 2009

Thursday 10-22 Will Resolution 377 Save The World?

UN endorses Goldstone: Can Israel now be held to account? (Resolution 377 grants the General Assembly authority to act) The U.N. Human Rights Council (HRC) in Geneva voted Friday to endorse the Goldstone report (which condemned Israel for war crimes in Operation Cast Lead in Gaza) by a large margin (26-5) ... The Mission concluded that there was sufficient evidence to suggest that Israeli actions constituted war crimes and even crimes against humanity ...

A number of organizations have suggested using the U.N. General Assembly (UNGA) Resolution 377, so-called ‘United for Peace.’ This resolution, promoted by the US, was adopted on November 3, 1950. It grants the GA authority to recommend collective measures for maintaining peace and security, when Security Council action has been blocked by a veto. This was the means for the United States to circumvent possible vetoes by the former Soviet Union during the Korean Wars: "[The GA] Resolves that if the Security Council, because of lack of unanimity of the permanent members (that means the US), fails to exercise its primary responsibility for the maintenance of international peace and security in any case where there appears to be a threat to the peace, breach of the peace, or act of aggression, the General Assembly shall consider the matter immediately with a view to making appropriate recommendations to Members for collective measures, including in the case of a breach of the peace or act of aggression the use of armed force when necessary, to maintain or restore international peace and security." UN Resolution 377 has been used ten times since its adoption.

We can only hope it is used an eleventh time to condemn Israel for the crimes it committed in the occupation of Palestine and a twelfth time against Bush and Cheney for the crime of aggressive war when they invaded Iraq and Afghanistan without provocation. Lest you think I am carried away please note that I expect the dollar to crash soon. Attitudes will change the day after the dollar dies.

Full Text of Goldstone Report - Click Here Head of the UN Fact Finding Mission Justice Richard Goldstone presented the report of the Mission to the Human Rights Council in Geneva on 29 September 2009, urging the Council and the international community as a whole to put an end to impunity for violations of international law in Israel and the Occupied Palestinian Territory

Video Goldstone challenges US over Gaza report

A Note On Colombia From Global Research News Hour on RBN Internet Radio. A NATO expert just said on Thursday's show that Colombia has just agreed to send soldiers to Afghanistan. Colombia now has 5 American military bases and will soon have 7 including 2 on the border with Venezuela. The Clinton administration began the CIA's Plan Colombia 6 months after the Colombian rebels refused to invest their money in the NYSE as do all the other drug lords.

The Dollar is on Death Row: Negative Interest Rates Are Here, the US has $118 Trillion in Obligations, Got Gold?

B.C. man paralyzed after flu shot warns of risks when a neurologist tested his reflexes, he found Ryan had none ... "I know what you have," Ryan said. Guillain-Barré syndrome linked to vaccine

New research shows vitamin D3 slashes risk of cancers by 77 percent; cancer industry refuses to support cancer prevention Exciting new research conducted at the Creighton University School of Medicine in Nebraska has revealed that supplementing with vitamin D3 and calcium can reduce your risk of cancer by an astonishing 77 percent. This includes breast cancer, colon cancer, skin cancer and other forms of cancer. This research provides strong new evidence that vitamin D3 is the single most effective medicine against cancer, far outpacing the benefits of any cancer drug known to modern science.

CAUTION: The human body balances calcium levels in the blood with magnesium and phosphorous in a 2 to 1 ratio so you need to take all three together if you are supplementing unless you eat red beef 3 times a day as it is high in phosphorous.

Nurses got sick from the "swine flu" vaccine in Sweden • UPDATE - 1 suspected death

Merkel in row over 'government-only' swine flu jabs

The Pharmaceutical Industrial Complex: A Deadly Fairy Tale

(Video) Ratigan Throws Down The Gauntlet At Goldman Sachs Dylan's proposals on how to effectuate the anti-Goldman movement:

•Move money to small banks

•Use cash, not credit cards

•Contact your lawmakers.

Video Ratigan Asks Important Questions In Advance Of Tomorrow's Bank Of America Congressional Hearing And some words of warning for Tim Geithner:

"The fact that Geithner is now in the cross hairs is causing people to say "oh wait a second, that is too close to President Obama" but the truth is President Obama is better jettisoning Geithner if he did wrong before he had this job, than he is going along with him as he becomes discredited when he says TARP money is important.... TARP money is slush money... it is campaign money."

We also enjoin Darrel Issa's call for readers to approach their elected officials to finally get to the bottom of this debacle before it is too late, and everyone has forgotten we were on the verge of a precipice and nothing changes until the next time the bubble pops and takes all of America with it. Indeed, this is not a left right issue, it is a right wrong issue.

7 Months After Stimulus 49 of 50 States Have Lost Jobs America Now Over 6 Million Jobs Shy of Administration's Projections Most of that 787 billion dollars Stimulus money has not been spent. Someone thought it would be a good idea to spend in 2010 which is an election year but look at the next story to see that is not a good strategy: Daily Presidential Tracking Poll 27% of the nation's voters Strongly Approve of the way that Barack Obama is performing his role as President. Forty percent (40%) Strongly Disapprove giving Obama a Presidential Approval Index rating of -13. - I have been following his support numbers and they have dropped from 32 to 27% or 5 points. Obama lost almost 15% of his support in a month. Look at the next few stories on jobs to see why.

Jobs Will Not Return Until 2017

States Report Widespread Job Losses in September This article uses government press release statistics which are deceptive but even the deception stats are bad. The U6 rate is 17% and the U3 rate is 7.2% less so we have to add 7.2 to these numbers. When I talk to people in the street, I always say the definition of unemployment used by Clinton in 1993 rather than U6. They don't know what U6 means

Africa - 1.02 Billion Hungry People In 2009 Nearly all the world's undernourished live in developing countries. In Asia and the Pacific, an estimated 642 million people are suffering from chronic hunger; in Sub-Saharan Africa 265 million; in Latin America and the Caribbean 53 million; in the Near East and North Africa 42 million; and in developed countries 15 million, according FAO's annual hunger report,

A barrel of oil hits $82 as dollar falls to fresh low against the euro; pump prices rising I wrote to my favorite news commentators in Paris and asked what they thought the reaction of both the traders and the general public will be when the price of oil hits $100 a barrel. It has moved $4 in the past week. If it only goes up $2 a week, oil will hit $102 in 10 weeks. My prediction on New Years Day was that gasoline would reach $4 a gallon in San Francisco or $3.50 in areas not under the control of the California state legislature. I made that prediction based upon the collapse of the dollar because I also predicted no war with Iran.

Short Sales: The Real Issue envision that we allow any number of people to buy fire insurance against your house. There's only one house, but ten fire insurance policies. Only one of those people (you) owns the house and only one of them (you) lives there, but ten people stand to collect whatever the damage amount is if there's a fire.

How likely would it be that someone would be sneaking around with a gas can at 3:00 AM were this to be allowed?

Now let's add another wrinkle to the mix - to collect on any of the insurance policies you must have possession of the house!

Tonight, you have a real fire and the house burns to the ground. The recovery value is zero; indeed, it might be negative (since you have to hire a bulldozer and cleanup crew to clear away the mess before you can rebuild.)

But if there are ten insurance policies, suddenly that burned out smoking hulk has value that doesn't really exist, and a bidding frenzy is likely to develop for the (one) house. See, without the (burned out) house to tender those insurance policies are worthless.

We don't allow this sort of thing in the insurance business because it both distorts the market and creates a reason for people to intentionally start fires.

Why do we allow it in the "credit default swap" business?

Did a few people intentionally start some (financial) fires?

Dollar Dumping Will Remain the Hot Trade Currency strategists say there is little to stop the dollar decline until U.S. officials convince markets they have the fortitude to curb deficits, or the Fed makes a move on rates.
Please note this is from CNBC which is a rah rah pump up the DOW cheering section of what passes for a media.

Russia's Central Bank Buys 400,000 Ounces of Gold in September Governments and Hedge Funds and now Wall Street bonus recipients are the only major gold buyers according to Max Keiser. I thought the Russians had gold mines. Why are they buying in the open market? Could it be they are slowly dumping dollars?

Monday's Reverse Repo Test? Gee, who could have seen this coming? How do you do a reverse repo when there's no cash to tender? Bottom line: JP Morgan/Chase appears to have only $21 billion in actual cash

Hedge Fund owns 9.5% of Corrections Corp There's money in those prisons.

Notice who will not be taking a pay cut? Government Sachs & JP Morgan Banks that leveraged that Bailout loot 30 times and used the proceeds in pumping and dumping the stock market in a suckers rally were able to pay off their Bailout so they are exempt from federally mandated paycuts.

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