Consumer sentiment weak as growth slows

Private sector shows more signs of sluggishness as fourth quarter begins


The Associated Press
msnbc.msn.com
updated 10/1/2010 10:47:08 AM ET

Consumer sentiment improved more than expected in September but was still stuck at its weakest level in more than a year due to economic worries among upper-income families, a survey released Friday showed.
The report was part of a mixed bag of economic data that added up to a picture of sluggish growth, especially in the private sector:
  • Consumer spending rose a bit in August while incomes increased by the largest amount in eight months, a gain that was propelled by the resumption of extended unemployment benefits.
  • Construction spending rose unexpectedly as public construction rebounded. But investment in private projects fell to its lowest in more than 12 years.
  • Manufacturing grew for a 14th straight month, but at slower rate, according to a private survey.  
An early rally on Wall Street faded a bit as investors digested the news suggesting a slowdown in growth. William Dudley, president of the powerful Federal Reserve Bank of New York, said in a speech that the pace of the economic recovery has been disappointing.
He said the Fed is likely to take additional action in an effort to boost the economy and lower unemployment from its current 9.6 percent official rate.




UN Policy Paper Describes Incremental Steps Toward World Government

Jurriaan Maessen
Infowars.com
September 30, 2010
The governments of Europe, the United States, and Japan are unlikely to negotiate a social-democratic pattern of globalization – unless their hands are forced by a popular movement or a catastrophe, such as another Great Depression or ecological disaster
Richard Sandbrook, Closing the Circle: Democratization and Development in Africa, Zed Books limited, London, 2000.

ignacysachs.jpg
Self-described ‘ecosocioeconomist’ professor Ignacy Sachs.

A 1991 policy paper prepared for the United Nations Conference on Environment and Development (UNCED) by self-described ‘ecosocioeconomist’ professor Ignacy Sachs outlines a strategy for the transfer of wealth in name of the environment to be implemented in the course of 35 to 40 years. As it turns out, it is a visionary paper describing phase by phase the road to world dictatorship. As the professor states in the paper:
To be meaningful, the strategies should cover the time-span of several decades. Thirty-five to forty years seems a good compromise between the need to give enough time to the postulated transformations and the uncertainties brought about by the lengthening of the time-span.
In his paper “The Next 40 Years: Transition Strategies to the Virtuous Green Path: North/South/East/Global”, Sachs accurately describes not only the intended time-span to bring about a global society, but also what steps should be taken to ensure “population stabilization”:
In order to stabilize the populations of the South by means other than wars or epidemics, mere campaigning for birth control and distributing of contraceptives has proved fairly inefficient.
In the first part of the (in retrospect) bizarrely accurate description of the years to come, Sachs points out redistribution of wealth is the only viable path towards population stabilization and- as he calls it- a “virtuous green world”. The professor:
“The way out from the double bind of poverty and environmental disruption calls for a fairly long period of more economic growth to sustain the transition strategies towards the virtuous green path of what has been called in Stockholm ecodevelopement and has since changed its name in Anglo-Saxon countries to sustainable development.”
“(…) a fair degree of agreement seems to exist, therefore, about the ideal development path to be followed so long as we do not manage to stabilize the world population and, at the same time, sharply reduce the inequalities prevailing today.”
“The bolder the steps taken in the near future”, Sachs asserts, “the shorter will be the time span that separates us from a steady state. Radical solutions must address to the roots of the problem and not to its symptoms. Theoretically, the transition could be made shorter by measures of redistribution of assets and income.”
Sachs points to the political difficulties of such proposals being implemented (because free humanity tends to distrust any national government let alone transnational government to redistribute its well-earned wealth). He therefore proposes these measures to be implemented gradually, following a meticulously planned strategy:
“The pragmatic prospect is one of transition extending itself over several decades.”
In the second sub-chapter “The Five Dimensions of Ecodevelopment”, professor Sachs sums up the main dimensions of this carefully outlined move to make Agenda 21 a very real future prospect. The first dimension he touches upon is “Social Sustainability”:
“The aim is to build a civilization of being within greater equity in asset and income distribution, so as to improve substantially the entitlements of the broad masses of population and of reduce the gap in standards of living between the have and the have nots.”
This of course means, reducing the standards of living in “The North” (U.S., Europe) and upgrading those of the developing nations (“The South and The East”). This would have to be realized through what Sachs calls “Economic Sustainability”:
“made possible by a more efficient allocation and management of resources and a steady flow of public and private investment.”
The third dimension described by the professor is “Ecological Sustainability” which, among other things, limits “the consumption of fossile fuels and other easily depletable or environmentally harmful products, substituting them by renewable and/or plentiful and environmentally friendly resources, reducing the volume of pollutants by means of energy and resource conservation and recycling and, last but not least, promoting self-constraint in material consumption on part of the rich countries and of the privileged social strata all over the world;”
In order to make this happen Sachs stresses the need of “defining the rules for adequate environmental protection, designing the institutional machinery and choosing the mix of economic, legal and administrative instruments necessary for the implementation of environmental policies.”

“directed at achieving a more balanced rural-urban configuration and a better territorial distribution of human settlements and economic activities (…)”.
The fifth and last dimension described in the UN policy paper is “Cultural Sustainability”:
“looking for the endogenous roots of the modernization processes, seeking change within cultural continuity, translating the normative concept of ecodevelopment into a plurality of local, ecosystem-specific, culture-specific and site-specific solutions.”
But to realize such a dramatic new direction for the world, Sachs once again stresses the importance of incremental implementation. A matter of boiling the frog slowly as opposed to throwing the poor animal into a boiling-hot cooking pan:
“Even if we know where we want to get, the operational question is how do we proceed to put humankind on the virtuous path of genuine development, socially responsible and in harmony with nature. It is submitted that UNCED 92 should give considerable attention to the formulation of transition strategies that could become the central piece of the Agenda 21.”
This is the word- Agenda 21: the UN strategy for redistributing the wealth accumulated by the “North” in order to create a completely “balanced” world society- under auspices of the United Nations of course and the private central banks controlling it. This can only come about by destroying the middle-class. A sudden redistribution and industrialization would not do- for the middle-class would undoubtedly rise in defiance against it. Therefore, Sachs argues for an incremental and carefully planned dissolution of the middle-class phase by phase:
“To be meaningful, the strategies should cover the time-span of several decades. Thirty-five to forty years seems a good compromise between the need to give enough time to the postulated transformations and the uncertainties brought about by the lengthening of the time-span. The retooling of industries, even in periods of rapid growth, requires ten to twenty years. The restructuration and the expansion of the infrastructures requires several decades and this is a crucially important sector from the point of view of environment.”
Then Sachs plunges into his most shocking statement:
“However, the single most important reason to consider the transition strategies over a minimum of thirty-five to forty years stems from the non-linearity of these strategies; they should be devised as a succession of changing priorities over time. A good illustration is provided by the population transition. In order to stabilize the populations of the South by means other than wars or epidemics, mere campaigning for birth control and distributing of contraceptives has proved fairly inefficient.”
Sachs argues that “an accelerated programme of social and economic development of the rural areas should be the outmost priority in the first phase of a realistic population stabilization scheme.”
Who or what is to coordinate all this, according to Sachs, and how exactly is the UN to take control?
“The solutions”, says Sachs, “can vary in terms of their boldness and take the form of global, multilateral or bilateral arrangements.” These arrangements should as far as Sachs is concerned ensure “at least partially the automacity of financial transfers by some form of fiscal mechanisms, be it a small income tax or an array of indirect taxes on goods and services whose production and consumption has significant environmental impacts.”
Over time, gradually, these taxes should increase:
“Starting the operation with a one per ten thousand tax and increasing it so as to reach one per thousand in ten to twenty years seems a fairly realistic proposal, the more so that the scheme creates an interesting market for the private enterprises involved in R and D.”
Reading all this, the question as to what entity should take charge is not difficult to answer. Sachs:
“In order to generate maximum synergies between the national strategies and global action, the United Nations should create a forum for the periodical discussion and evaluation of these strategies and a research, monitoring and flexible planning facility to put them in a global perspective.(…). The forum should have a fair representation of all the main actors involved: governments, parliaments, citizen movements and the business world. Given its importance, it should be lifted from specialized agencies to a central place in the UN system.”


The “fair representation” Sachs is talking about is of course only a pretext to get everybody on board. As the “Danish Text”, drafted for the Copenhagen conference in late 2009, clearly illustrates, the IMF and World Bank will always have final say in the construction of any international system.

Moody's downgrades Spanish gov't debt

The Associated Press

Moody's Investors Service has downgraded the Spanish government debt, joining two other major credit rating agencies who have taken similar steps out of concern over the country's public finances.

The London-based agency lowered the rating by one notch, from Aa1 to Aaa, with a stabile outlook.
The agency said Thursday it was acting because of concerns over Spain's weak economic growth prospects and what it called considerable deterioration in the government's financial strength.

The other two agencies, Standard & Poor's and Fitch, downgraded Spanish debt in late April and late May respectively.

Will quantitative easing 2 bailout the commercial real estate market further? The shadow bailout world not being covered by the mainstream media. Fed deliberately trying to crush U.S. dollar to bailout banking system.

MyBudget360.com

As the Federal Reserve gears up for quantitative easing part two, a slow hidden bailout is occurring in the commercial real estate market.  Commercial real estate is a giant industry making up over $3 trillion in outstanding loans in the U.S.  Yet not much is being said about this in the press.  Why?  Because in a way, commercial real estate (CRE) is being funneled through various channels to bailout horrible banking loans but the process is convoluted on purpose.  We already have examples of the Federal Reserve owning a shopping mall out in Oklahoma for example.  The Fed has purchased incredible amounts of debt including CRE debt.  Much of the focus has been on the Fed monetizing residential real estate debt and this is true.  After all, they did buy over $1.25 trillion in residential mortgage backed securities.

Read the entire report

Dem Whip: GOP majority will issue birther subpoenas

By Jordan Fabian - 09/27/10 12:08 PM ET
TheHill.com 
House Majority Whip James Clyburn (D-S.C.) warned Republicans will investigate President Obama's birthplace if they take over Congress.

Clyburn, the third-ranking Democrat in the House, said Republicans will grind the government to a halt by issuing subpoenas against the Obama administration over a number of issues if they take power. He predicted that "gridlock" in Congress would "define" Obama's first term if Republicans win the House, but expressed confidence his party would prevail.

Clyburn noted that Rep. Darrell Issa (R-Calif.), the ranking Republican on the House Oversight panel, has said will will issue "subpoenas everywhere" if Republicans win the majority.

"The White House will be full-time responding to subpoenas about where the president may or may not have been born, whether his mother and father were ever married, and whether his wife's family is from Georgetown or Sampit," Clyburn said in an interview published Monday on TheGrio.com, an African-American news website. "That will define the next two years of the president's administration.

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"The War of Terror": Tapes Describe U.S. Soldiers Killing For Sport

SIC SEMPER TYRANNIS!!!
Mark Matheny
September 29, 2010

In the ongoing "War of Terror" being perpetuated by the military Industrial Complex to control the Middle East, it is our soldiers who are losing the battle. "There is a war for your mind" is a saying, and it looks as though those in high command are not only destroying the economy and our way of life, but also turning good young minds into ruthless killers.


Europe on high alert over concern of terror attacks

Sky News: Intelligence hints at Mumbai-style assaults on London, other cities

NBC, msnbc.com and news services
updated 9/28/2010 9:11:30 PM ET

Europe is on high alert over concerns that terrorists based in Pakistan have been planning Mumbai-style attacks in London and other cities, Sky News reported Tuesday.

Intelligence agencies have intercepted information suggesting that a group thought to be linked to al-Qaida has been planning attacks in Britain, France and Germany, sources told Sky News.
Four U.S. security officials, who asked for anonymity when discussing sensitive information, told Reuters that initial intelligence reports about the threat first surfaced roughly two weeks ago, around the time of the anniversary of the September 11, 2001, attacks on the United States.

The alleged plot was thought to be in the "advanced but not imminent stage," Sky News said.

Ahmadinejad’s Rant is a Song for the New World Order


 
SIC SEMPER TYRANNIS!!! Exclusive  
Carolyn Lanham
September 28, 2010

The president of Iran is a member of the Council on Foreign Relations who
stresses the need for a New World Order just as the Bushes called for and now
President Obama seeks.  The President of Iran spoke before the United Nations
and boldly proclaimed that 911 was an inside job of the U..S government and then
CALLED FOR THE UNITED NATIONS TO INVESTIGATE !!!!!!!!!

Thus the President of Iran is a puppet of the World Master Planners playing his
role across the world stage in order to discredit 911 truthers who seek justice
for the victims murdered on that treasonous day.  Glenn Beck adds to the
script by discrediting 911 truthers and Rupert Murdock, the globalist who gave
lots of money to Hillary (CFR) who is Glenn’s boss (CFR) continues
to heap more molten melted steel on anyone that takes Glenn’s advice to
QUESTION—JUST DON’T QUESTION 911 –HEY GLENN??????

They’re all on the SAME New World Order team!!!!!!

Dick Cheney the planner who told our interceptors to stand down on 911 while
phony drill distractions were going is director of the Council on Foreign
Relations and he trades in nuclear technology with Iran as was done
with Saddam and Bin Laden .  They are all New World Order chess
players---the President of Iran calls for the UN the very housing for the
globalist New World Order government to investigate 911—instead of calling
for an independent investigation by engineers, scientists, government
whistle blowers etc.or even those who walked off the commission as a set up—
The object of this is to discredit and attempt to minimize the great strides
the 911 truth movement is achieving as the public is being made aware of the
real facts---

911 was used to triple the size of government and set up a covert Police
State via the Patriot Act and the Hitlarian  Homeland Security monstrosity
that has transformed every American into targets as domestic terrorists.


Carolyn Lanham

Rothschild and CIA Publications Attack “Constitution-worshipers”

Kurt Nimmo
Infowars.com
September 25, 2010
The editors of the Economist have declared constitutionalists mentally ill. “Indeed, there is something infantile in the belief of the constitution-worshipers that the complex political arguments of today can be settled by simple fidelity to a document written in the 18th century,” the editors wrote on September 23. “When history is turned into scripture and men into deities, truth is the victim.”

rothcia.jpg
Following the Constitution is infantile behavior, according to two publications produced by the Rothschilds, the CFR, and the CIA.

The Economist is owned by members of the Rothschild banking family of England. It is run by the Economist Group, a known CIA front.
According to the Economist, the framers were aristocrats who “did not believe that poor men, or any women, let alone slaves, should have the vote.” The Constitution does not address the “hard questions thrown up by modern politics,” namely should gays be allowed to marry?
The Economist argument against the Constitution is the same one used by liberal academics. The document is antiquated, the product of a bygone era. The founders were afraid of “democracy taking hold,” so they crafted a document designed to exclude the common people and preserve their aristocratic position.
Globalists love democracy. It is an easy enough task to fool the people, especially these days with 24-7 media and satellite television. It is a relatively simple matter to have the benighted masses vote away their natural rights under some cooked up false pretense. “Democracy is not freedom. Democracy is two wolves and a lamb voting on what to eat for lunch. Freedom comes from the recognition of certain rights which may not be taken, not even by a 99% vote,” wrote Marvin Simkin. Liberty is a well-armed lamb contesting the vote.
Soon after the Economist article appeared, the establishment publication Foreign Policy posted an article slamming the idea that we should follow the Constitution. Joshua Keating writes that he suspects “most Americans don’t realize quite how old the Constitution is by world standards,” that is to say globalist standards. In order to make his point, Keating cites an article published in the Onion, a popular satire publication.

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Thousands face job loss when part of stimulus expires

Obama administration, Democrats face stiff GOP resistance in extending program


Marilyn Robach and Joel Brever share a moment in the Work Force Center in Blaine, Minn. Robach will join the others in unemployment at the end of the month because her job was funded by the stimulus package. Brever who lost his job recently updated his skills by studying to be residential energy auditor

By Michael Cooper
updated 9/25/2010 6:54:17 PM ET

Tens of thousands of people will lose their jobs within weeks unless Congress extends one of the more effective job-creating programs in the $787 billion stimulus act: a $1 billion New Deal-style program that directly paid the salaries of unemployed people so they could get jobs in government, at nonprofit organizations and at many small businesses.
In rural Perry County, Tenn., the program helped pay for roughly 400 new jobs in the public and private sectors. But in a county of 7,600 people, those jobs had a big impact: they reduced Perry County’s unemployment rate to less than 14 percent this August, from the Depression-like levels of more than 25 percent that it hit last year after its biggest employer, an auto parts factory, moved to Mexico.
If the stimulus program ends on schedule next week, Perry County officials said, an estimated 300 people there will lose their jobs — the equivalent of another factory closing.

 Read the entire article