MFS – The Other News

Morning Posting.

  • Updated !Earthquakes in the last 24 hours in the world seismic activity in Alaska 7.1 !More info here.


  • Japan : For the most accurate info on the nuclear disaster go to: Paul Langley’s Nuclear History Blog.Here.


  • Hurricane Katia : Latest Updates here.


  • 9/11 Photo Gallery: The Towers Across the Water, The last Sunrise between the Towers ! here.


  • The Obama Administration Takes on ‘Islamophobia’and trashes the 1st Amendmend.(NationalReview).An unprecedented collaboration between the Obama administration and the Organization of Islamic Cooperation (OIC, formerly called the Organization of the Islamic Conference) to combat “Islamophobia” may soon result in the delegitimization of freedom of expression as a human right.The administration is taking the lead in an international effort to “implement” a U.N. resolution against religious “stereotyping,” specifically as applied to Islam. To be sure, it argues that the effort should not result in free-speech curbs. However, its partners in the collaboration, the 56 member states of the OIC, have no such qualms. Many of them police private speech through Islamic blasphemy laws and the OIC has long worked to see such codes applied universally. Under Muslim pressure, Western Europe now has laws against religious hate speech that serve as proxies for Islamic blasphemy codes.Last March, U.S. diplomats maneuvered the adoption of Resolution 16/18 within the U.N. Human Rights Council (HRC). Non-binding, this resolution, inter alia, expresses concern about religious “stereotyping” and “negative profiling” but does not limit free speech. It was intended to — and did — replace the OIC’s decidedly dangerous resolution against “defamation of religions,” which protected religious institutions instead of individual freedoms.But thanks to a puzzling U.S. diplomatic initiative that was unveiled in July, Resolution 16/18 is poised to become a springboard for a greatly reinvigorated international effort to criminalize speech against Islam, the very thing it was designed to quash.Amb. Zamir Akram, Pakistan’s Permanent Representative on behalf of the OIC to the HRC, commented regarding the initiative that the OIC would not compromise on “anything against the Quran, anything against the Prophet and anything against the Muslim community in terms of discrimination.As for reciprocity — for example, reforming the Saudi national curriculum that continues to teach students to “kill” Jews, “fight” polytheists, view Christians as “enemies,” and spread Islam through “jihad” — there probably won’t be any.
    Citing a need to “move to implementation” of Resolution 16/18, the Obama administration has inexplicably decided to launch a major international effort against Islamophobia in partnership with the Saudi-based OIC. This is being voluntarily assumed at American expense, outside the U.N. framework, and is not required by the resolution itself.In his 2009 Cairo speech, President Obama said, “I consider it part of my responsibility as President of the United States to fight against negative stereotypes of Islam whenever they appear.” There are a number of problems with this statement: One is that it encourages the diplomatic folly that is this conference.Read the full story here.


  • John Bolton Positioning Himself For V.P.?(BigGovernment).Former UN Ambassador John Bolton has the look and sound of someone about to announce his candidacy for U.S. President, dogging Barack Obama at every possible media opportunity. Or perhaps- given it is this late in the process and there is no apparent infrastructure or exploratory committee in place- does he have the look and sound of someone strategically positioning himself to become a Vice Presidential running mate for one of the leading candidates. I asked him that question and others recently on my radio show and Ambassador Bolton used some of his harshest language yet in calling Obama a ‘radical’, saying “that he (Obama) cannot walk and chew gum at the same time”.Thr former Ambassador spoke in strong terms about Obama and on the importance of nominating the right ‘person’.,“He is the most radical President we have ever had”…“the economy can recover if he would just take his government and go stand in the corner”…“I am not hesitant to say 2012 is a critical election for the future of America, we just have to get the right person nominated and we cannot afford another four years of Obama”.Hmmmm……Now this is the perfect candidate for the American Presidency.Read and hear the full interview here.


  • Even Goldman Sachs Secretly Believes That An Economic Collapse Is Coming.(BlacklistedNews).By Michael Snyder. Goldman Sachs is doing it again. Goldman is telling the public that everything is going to be just fine, but meanwhile they are advising their top clients to bet on a huge financial collapse. On August 16th, a 54 page report authored by Goldman strategist Alan Brazil was distributed to institutional clients. The general public was not intended to see this report. Fortunately, some folks over at the Wall Street Journal got their hands on a copy and they have filled us in on some of the details. It turns out that Goldman Sachs secretly believes that an economic collapse is coming, and they have some very interesting ideas about how to make money in the turbulent financial environment that we will soon be entering. In the report, Brazil says that the U.S. debt problem cannot be solved with more debt, that the European sovereign debt crisis is going to get even worse and that there are large numbers of financial institutions in Europe that are on the verge of collapse. If this is what people at the highest levels of the financial world are talking about, perhaps we should all start paying attention.There is a tremendous amount of fear in the global financial community right now. As I wrote about the other day, the financial world is about to hit the panic button. Things could start falling apart at any time. Most of these big banks will not admit how bad things are publicly, but privately there is a whole lot of freaking out going on.According to the Wall Street Journal, Brazil believes that “as much as $1 trillion in capital may be needed to shore up European banks; that small businesses in the U.S., a past driver of job production, are still languishing; and that China’s growth may not be sustainable.”Perhaps most startling of all is what the report has to say about the debt problems of the United States and Europe.For example, this following excerpt from the report sounds like it could have come straight from The Economic Collapse Blog….“Solving a debt problem with more debt has not solved the underlying problem. In the US, Treasury debt growth financed the US consumer but has not had enough of an impact on job growth. Can the US continue to depreciate the world’s base currency?”Remember, this statement was not written by some guy on the Internet. A top Goldman Sachs analyst put it into a report for institutional investors.The report also goes into great detail about the financial crisis in Europe. Brazil writes about how the euro is headed for trouble and about how dozens of financial institutions in Europe could potentially be in danger of collapse.But in any environment Goldman Sachs thinks that it can make money. The following is how Business Insider summarized the advice that Brazil gave in the report regarding how to make money off of the impending collapse in Europe….

•Buy a six-month put option on the Euro versus the Swiss Franc, thus betting the Euro will drop against the Franc (the Franc being the currency that an official Goldman report recently referred to as the most overvalued in the world)

•Buy a five-year credit default swap on an index of European corporate debt—the iTraxx 9. This is a bet that some of these companies will default, and your insurance policy, the CDS, will pay off.

This is so typical of Goldman Sachs.They will say one thing publicly and then turn around and do the total opposite privately.Sadly, the power of the “too big to fail” banks just continues to grow. At this point, the “big six” U.S. banks (Goldman Sachs, Morgan Stanley, JPMorgan Chase, Citigroup, Bank of America, and Wells Fargo) now possess assetsequivalent to approximately 60 percent of America’s gross national product.Goldman Sachs was the second biggest donor to Barack Obama’s campaign in 2008, so don’t expect Obama to do anything about any of this.We have a financial system that is deeply, deeply corrupt and all of that corruption is a big reason why things are falling apart.Sadly, the 54 page report mentioned above is right – we really are facing aglobal debt meltdown and we really are heading for an economic collapse.You aren’t going to hear the truth from the mainstream media or from our politicians because “keeping people calm” is much more of a priority to them than telling the truth is.The debt crisis in the United States is unsustainable and the debt crisis in Europe is unsustainable. Right now we are in the calm before the storm, and nobody knows exactly when the storm is going to strike.But let there be no doubt – it is coming.The amazing prosperity that we have enjoyed for the last several decades has largely been a debt-fueled illusion. It was a great party while it lasted, but now it is coming to an end and the aftermath of the coming crash is going to be absolutely horrific.Keep watch and get prepared. We don’t know exactly when the collapse is going to happen, but it is definitely on the way and now even Goldman Sachs is admitting that.Read the full story here.


  • London: Protesters Who Disrupt Israeli Orchestra are Jeered by Crowd, which cheered when they were forced from the theater.(ArutzSheva).Protesters with the “Palestinian Solidarity Campaign” disrupted a concert by the Israeli Philharmonic in London on Thursday night.Results of the protest were mixed. While the PSC crowd managed to force the cancellation of a live broadcast of the concert, they were widely jeered by the crowd, which cheered when they were forced from the theater.Minister Ed Vaizey took to the Twitter site to report, “Demonstrators seem to have turned entire audience pro Israel.”The philharmonic was performing in the BBC Proms, a 116-year-old concert series held each summer. The BBC had extra security at the hall due to fears that the performance would be disturbed.A total of roughly 30 protesters were removed from the hall, 12 following the first disruption and the rest after subsequent attempts to draw attention away from the music.The BBC’s live broadcast of the event continued after the first disruption, but a second outbreak led the station to decide to broadcast pre-recorded versions of the songs instead. “We are disappointed that BBC Radio 3 audiences were not able to enjoy the full performance,” a BBC statement said.A similar incident took place in 2008, when PSC protesters interrupted a Jerusalem String Quartet concert, screaming, “They’re Israeli army musicians! End genocide in Gaza, boycott Israel!” The protesters were later found innocent of racially aggravated behavior.The PSC has faced condemnation recently over its support for a Scottish student convicted of anti-Semitic abuse, and over a lead member’s conspiracy theories linking Israel to a recent massacre in Norway.Read the full story here.