‘‘ ‘‘ ‘‘ ‘‘ ‘‘ germany is world champion. there is no i never thought Britain would succumb again to china’s armed forces are undoubtedly undergoing more than one in 10, 11 percent, said that the wave of trauma is about to crest. ’’ ’’ ’’ ’’weekly ’’ comparable system. mass unemployment. But a dramatic transformation they had had sex while people are bracing. it is arriving—fast. from a poorly equipped intoxicated, which they peasant army to a later regretted. sophisticated military. spy page 5 tragedy page 6 fury page 7 binging page 9 clarity page 10 trumpet the a digest of significant world news from the PhiladelPhia TrumPeT staff • for the week of march 22-28, 2009 the great american spectacle W e are living through history in Treasury Secretary Timothy Geithner and Senate Commit- the making. Not the good kind tee on Banking, Housing and Urban Affairs Chairman Chris of history. More like Nero- Dodd are both outraged. Congress is outraged. Journal- fiddling-while-Rome-burned history. ists are outraged. The Baltimore Sun reports: “A Financial The kind of history we are seeing Outrage.” The Washington Post: “Outrage Over AIG.” The now is an empire in terminal and rapid Financial Times: “Summers ‘Outrage’ at aIG Bonuses.” decline. As the greatest single nation A recent Gallup poll found that almost 60 percent of in history disintegrates, like Rome and Americans said they were personally “outraged.” America hundreds of other empires before it, the is outraged. roberT morley public spectacles and orchestrated cir- Yes, politicians have stirred up a hornet’s nest of rage. columnisT cuses for the masses keep getting bigger. But what is all the rage about? Public spectacle number one: Lies, lots of them. Most recently, it is the fact that aIG is paying $165 mil- “We’ll see the recession coming to an end probably this lion in bonuses to its employees—after accepting taxpayer year,” predicted Federal Reserve Chairman Ben Bernanke money to stay afloat because some of those employees got on March 15. The recovery will begin in 2010 “and it will greedy and irresponsible. pick up steam over time,” he said. A little outrage goes a long way in distracting from the President Obama confidently said, “We will rebuild, we lies, and from the bigger issues. will recover, and the United States of America will emerge That $165 million is only 0.09 percent of the $180 billion stronger than before.” in taxpayer money that politicians forked over. And aIG was But what else are they supposed to say? contractually obligated to pay it. The government knew That the Fed slashed interest rates to less than 2 percent about the bonuses when it gave aIG its first bailout; it could in 2002, knowing it would create a massive bubble, but do- have legally stopped them then. It had the chance again ing it anyway to make politicians happy? That the resulting after the second bailout. And the third, and the fourth. pop and debt deflation is sucking the economy into a black Now, all of a sudden, comes outrage! And don’t forget the hole? That the Fed’s proposed cure, the only one left in its multibillion-dollar bonuses over at Goldman Sachs, Mor- arsenal—fiat money creation—will destroy the life savings gan Stanley, Citigroup, Bank of America and other compa- of its responsible citizens, the people who tried to invest for nies that have taken taxpayer money to stay afloat. their retirements? Flying beneath all the rage were three bombshell news Bloated government and unsustainable deficit spend- items that should have ignited outrage, but were lost in the ing has saddled the nation with gargantuan debts that will big media commotion over an amount of money equivalent never be repaid. Social Security is a busted bank, robbed by to a rounding error in the recent pork-laden, self-interest politicians who spent the trust fund money. Medicare and spending fest also referred to as the federal budget. Medicaid benefits will be slashed because politicians made Amid the hubbub, aIG conveniently disclosed where all unsustainable promises to buy votes. Taxes will probably be the taxpayer money it had received disappeared to. Sur- doubled—then tripled when foreign creditors cut America prise, surprise: aIG turned out to be a front for funneling off. America soon won’t be able to provide the level of more taxpayer money into the big Wall Street and foreign services that Americans have come to look upon as consti- banks in what essentially amounts to a second stealth tutional rights. backdoor bailout: $12.9 billion to Goldman Sachs, $11.9 Is that what you say? billion and $4.9 billion to France’s SocGen and bnp Paribas That we are on our way to becoming a nation of beggars? respectively, $11.8 billion to Germany’s Deutsche Bank, and You won’t hear these words come out of any public of- $8.5 billion to Britain’s Barclays. And so on. Why are U.S. ficials—not because they are not true, but because the truth taxpayers bailing out foreign banks? would cause panic among a populace that has been wooed Also lost in the tumult was the fact that the national debt to sleep by the sweet lullabies of politicians. hit a record $11 trillion last week. It only took 5 months for Public spectacle number two: Outrage, and lots of it. politicians to add $1 trillion to the debt—the fastest jump in President Obama is outraged. Ben Bernanke is outraged. see sPecTacle page 10 The TrumPeT weekly March 28, 2009 • 2 ny daily news | march 27 Middle east israel’s Hypocritical critics P resIdent barack Obama used the occasion of the WIth benjamIn Netanyahu set to become Islamic New Year on Israel’s prime minister, critics around the March 20 to release a world are proclaiming the death of the videotaped message peace process. And the fact that Avigdor on the Internet ap- Lieberman—who has called for all Israeli pealing to the Iranian citizens (not just Arabs) to swear a loyalty people and leadership oath and supports population transfers to reconcile with the with the Palestinians—may become Isra- U.S. The U.S. president el’s foreign minister has only exacerbated spoke of “a new day” the fervor of these predictions. for American-Iranian In this analysis, it is the incoming relations and a “com- iranian President ahmadinejad refuses to conservative government of Israel which mon humanity” that acknowledge u.s. President obama’s overtures. poses a threat to regional stability, not Pal- binds the two peoples estinian rejectionism or the machinations together. In response, Mahmoud Ahmadinejad said world powers had of Iran and Syria and their proxies Hamas now been persuaded that they could not block Iran’s nuclear progress. and Hezbollah. The height of this think- Robert Gibbs, the U.S. president’s spokesman, said further steps to ing was apparent at Tuesday night’s White entice Iran to engage in dialogue have been planned. Tehran, however, House press conference, when Agence will only agree to dialogue with Washington as a means of buying time France-Presse reporter Stefan Collison and hiding its true goals. What’s more, as former U.S. Ambassador to asked President Obama, “How realistic the UN John Bolton writes, Iran will see dialogue “as confirmation of do you think those hopes [for Middle East U.S. weakness and evidence that its policies are succeeding.” peace] are now, given the likelihood of A former member of the Iranian Revolutionary Guard told U.S. intel- a prime minister who is not fully signed ligence officials that Iran had financed North Korean moves to develop up to a two-state solution and a foreign a nuclear weapons program on Syrian soil, the Associated Press report- minister who has been accused of insult- ed March 19. Gen. Ali Reza Asghari, a former Iranian deputy defense ing Arabs?” minister who defected to the U.S. in February 2007, provided a detailed When was the last time a journalist account of Iran’s sponsorship of Syria’s nuclear weapons program. This asked the leader of a democratic country revelation and other intelligence reports confirm that both the North whether Muslim states’ not being “fully Koreans and the Syrians were helping Iran develop a nuclear weapons signed up” to the existence of Israel and program on Syrian soil, which led to the Israeli airstrike that destroyed having ministers in its employ who “in- a top-secret nuclear reactor in Syria in September 2007. sult” Jews threatened Middle East peace? Iran’s plan to consolidate its influence in Iraq by establishing a federal Examples of such anti-Jewish hatred Shiite zone in the oil-rich south of Iraq suffered a setback with the Iraqi abound. Mustafa Tlass, who served as provincial elections in January, according to Stratfor. Now, in order to re- Syria’s defense minister for many years, tain its influence in Iraq, Stratfor says, Iran’s plan is to “shore up support once published a book alleging that Jews among the various Iraqi Shiite parties, stick to its usual tactics of playing use the blood of Gentile children to make Shiite rivalries against each other and use its commercial, intelligence their unleavened bread. The Iranian gov- and religious links to diversify its support base” (March 25). To this end, ernment promotes Holocaust denial. Turn with Iraq’s December national election in mind, two of the most powerful on state-sponsored television throughout political figures in Iran recently visited Iraq. On Wednesday, Iranian Par- the Muslim world and you’re bound to see liament Speaker Ali Larijani met with Ayatollah Ali al-Sistani, Iraq’s top the most outrageous slanders about Jews, Shiite religious leader. Earlier this month, Iranian Assembly of Experts plenty of them aimed at impressionable Chairman Ali Akbar Hashemi Rafsanjani led a 105-person delegation to children. Iraq, where he met with a host of Iraq’s top figures including al-Sistani It’s worth pointing out here that the and the country’s three other grand ayatollahs, and the Iraqi president people decrying the new Israeli government and prime minister. Continue to watch Iran’s involvement in Iraq as the are the same ones who constantly call for U.S. winds down its military presence in that country. the United States and Israel to “engage” In Afghanistan, the government has begun preliminary negotiations with every rogue state and terrorist outfit with the al Qaeda-linked Haqqani network, the terror group respon- in the region. If the Syrian Ba’ath Party, sible for the majority of suicide bombings in the country, according to Hamas’ Islamists and the mullahs of the Christian Science Monitor. Meanwhile, following Washington’s Tehran are all worthy of our engagement, indication that it would welcome Iran’s assistance in Afghanistan, surely we can deal with the likes of Netan- Iran’s foreign minister visited the country on March 20 to 21 in a dem- yahu and Lieberman. … [W]hatever his onstration of Tehran’s influence there. Stratfor asserts that Iran is likely faults, Lieberman is hardly as extreme as trying to revive the Northern Alliance, a coalition of Afghan minorities, the people with whom Israel must one day to counter the Taliban—which would throw a spanner in the works for make peace. He does not advocate the de- Washington’s plans to negotiate with the Taliban. struction of Iran, as its leaders do of Israel. simon maina/afp/getty images hudson new york, The TrumPeT weekly March 28, 2009 • 3 khaled abu Toameh | march 24 world Tribune | march 19 On campus: the israel’s chief of staff pro-palestinians’ comes Home early real agenda I sraelI chIef of Staff Lt. Gen. Gabi Ashkenazi cut short his visit to durInG a recent visit to several university Washington after getting an extraordinarily cool reception from the campuses in the U.S., I discovered that new U.S. administration. Last year, [he] had no problem setting up there is more sympathy for Hamas there meetings with top officials in the U.S. government. than there is in Ramallah. Listening to On his current trip to Washington, Ashkenazi sought to meet the some students and professors on these administration of President Barack Obama, but most officials were un- campuses, for a moment I thought I was available. A statement to WorldTribune.com by the Israel Defense Forces sitting opposite a Hamas spokesman or a spokesman attempted to downplay the snubs. But diplomatic sources would-be-suicide bomber. said Ashkenazi failed to obtain access to any Cabinet member, including I was told, for instance, that Israel has Defense Secretary Robert Gates. The Israeli military chief, who sought no right to exist, that Israel’s “apartheid to discuss the Iranian nuclear threat, was also unable meet his counter- system” is worse than the one that existed part, Adm. Michael Mullen, the chairman of the Joint Chiefs of Staff. … in South Africa and that Operation Cast Ashkenazi obtained an appointment with National Security Adviser Lead was launched only because Hamas James Jones. But the sources said the meeting was to focus on U.S. was beginning to show signs that it was demands for Israel to ease military restrictions in the West Bank and interested in making peace and not because Gaza Strip. … of the rockets that the Islamic movement was launching at Israeli communities. I was also told that top Fatah operative Marwan Barghouti, who is serving five sTePhen flurry | columnist life terms in prison for masterminding terror attacks against Israeli civilians, was the War With no name thrown behind bars simply because he was trying to promote peace between Israelis G ood neWs for Iran—America’s “war on terror” and Palestinians. Furthermore, I was told just ended. that all the talk about financial corruption By definition, the war on terror was in the Palestinian Authority was “Zion- always a misnomer. You can’t fight a war against a ist propaganda” and that Yasser Arafat military tactic without identifying the people and had done wonderful things for his people, the ideology behind it. But that’s exactly what the including the establishment of schools, United States and Britain embarked upon after 9/11. hospitals and universities. … On one Then-President George Bush said before Congress, campus, for example, I was condemned “Our war on terror begins with al Qaeda, but it does as an “idiot” because I said that a major- not end there.” ity of Palestinians voted for Hamas in the As we have written from the very beginning, it should have begun January 2006 election because they were with radical Islam, headed by Iran—the world’s leading state sponsor of fed up with financial corruption in the international terrorism. But because of politically correct paralysis and Palestinian Authority. On another cam- reluctance to offend an entire religious movement, the U.S. government pus, I was dubbed as a “mouthpiece for the opted for a fuzzy definition. Zionists” because I said that Israel has a To be fair, though, President Bush did identify Iran as one of three free media. ... nations in the “axis of evil.” He also told Congress that the war would Over the past 15 years, much has been not end “until every terrorist group of global reach has been found, written and said about the fact that Pal- stopped and defeated.” estinian school textbooks don’t promote Unbelievably, these words are now seen as bluster—cowboy diplo- peace and coexistence and that the Pales- macy, Bush’s many critics charge. Today, the force of appeasement tinian media often publishes anti-Israel in the United States is so strong that even the term “war on terror” is material. considered inappropriate and unnecessarily offensive. While this may be true, there is no Eager to shed the “cowboyism” of its predecessor, the new U.S. ad- ignoring the fact that the anti-Israel cam- ministration quickly unloaded the “war on terror” strategy. On the day paign on U.S. campuses is not less danger- of his inauguration, President Obama promised that the United States ous. What is happening on these campuses would “seek a new way forward” with the Muslim world. His interview is not in the frame of freedom of speech. with Al Arabiya days later conveyed a similar message: the Muslim Instead, it is the freedom to disseminate world—including Iran—could expect a friendlier, softer approach from hatred and violence. As such, we should the United States. not be surprised if the next generation of Last week, in his videotaped New Year’s greeting to Iran, President jihadists comes not from the Gaza Strip or Obama envisioned a “new day” for American-Iranian relations. He the mountains and mosques of Pakistan spoke of a “common humanity” that bound the United States to Iran, and Afghanistan, but from university cam- whose leaders, by the way, deny the Holocaust and seek the destruction puses across the U.S. The TrumPeT weekly March 28, 2009 • 4 der sPiegel | march 20 of Israel and America. Obama’s reference to “the Islamic Republic,” as opposed to the Irani- Merkel dictates an people—which is how President Bush addressed their nation—gives the mullahs legitimacy and indicates a willingness to negotiate directly the eu crisis with the clerical dictatorship. Judging by Iran’s response, however, the overture has been an agenda embarrassing failure. In his speech last week, Mahmoud Ahmadinejad the closInG document agreed on by European simply ignored the U.S. president’s remarks. He said world powers had Union leaders gathered in Brussels reads like now been persuaded that they could not block Iran’s nuclear progress. a German wish list. Chancellor Merkel was Last Saturday, Iran’s supreme leader, Ayatollah Ali Khamenei, said able to convince the EU to focus on financial- President Obama had “insulted” Iran from the beginning and that there market regulation—and to resist new stimu- would be no changes in U.S.-Iranian relations unless the president lus programs. made “real changes.” Obama’s supporters “chant the slogan of change, Chancellor Angela Merkel, Foreign Minister but no change is seen in practice,” he said as his supporters chanted Frank-Walter Steinmeier and Finance Minis- “Death to America.” ter Peer Steinbrück looked immensely pleased In fact, Washington’s language has been dramatically revised. For with themselves at the Friday press confer- the past month, President Obama has carefully avoided using the ence that closed this week’s European Union term war on terror. And just three days after Khamenei’s rebuff, new summit in Brussels. It’s remarkable how far verbiage became official. On Tuesday, White House officials and the the world has come in two years, Steinbrück president’s speechwriters received a memo saying the “global war on said. Much of the agenda promoted in vain terror” should be replaced with “overseas contingency operation.” by Germany in early 2007—when Berlin held Forget the war on terror—prepare for overseas operations that the rotating presidency of the G-8—has now may or may not happen. It doesn’t exactly light a fire in your bones. become consensus, he pointed out smugly. … For the English-speakers who shape policy and opinion, there seems The European Council makes its priori- to be little or no interest in investigating such monumental ideological ties clear in the 22-page document, especially shifts in foreign policy. At Barack Obama’s press conference on Tues- when it comes to the financial crisis. Much of day, there was not one question about Iran’s rapid pursuit of nuclear it is dedicated to the Europeans’ demand for weapons or the newly labeled Overseas Contingency Operations. The increased regulation of the financial markets, president, however, did say this: “When it comes to Iran, you know, we with passages devoted to economic stimulus did a video, sending a message to the Iranian people and the leadership looking truncated by comparison. “Consider- of the Islamic Republic of Iran. And some people said, Well, they did able fiscal stimulus,” worth €400 billion, has not immediately say that we’re eliminating nuclear weapons and stop already been committed to the EU’s overall funding terrorism. Well, we didn’t expect that. We expect that we’re go- economy, the Council says—and placing this ing to make steady progress on this front.” point high in the document seems intended President Obama is a big believer in the “philosophy of persistence.” to quell criticism from the U.S. that Europe But a persistent, patient philosophy of repeatedly extending an olive has been too tentative. Merkel once again branch to Iran plays right into the hands of the mullahs. All they need emphasized that Europe has “more than in order to make steady progress on their front is just a little more time. fulfilled” its aims. But the EU has avoided pledging any further stimulus measures. Instead, the document asks the bloc’s 27 member states to financial Times | march 23 return “to positions consistent with sustain- able public finances as soon as possible.” That netanyahu in surprise long-time obsession of Germany’s, the Growth and Stability Pact—which requires EU states deal With labor to ensure that public debt does not exceed 3 percent of gross domestic product—is to re- main the standard for European economies. … I srael’s center-left Labor party on Tuesday backed a proposal to join The EU representatives will travel to Lon- the government of Benjamin Netanyahu, in a move that will allow don bearing what might be called German the leader of the right-wing Likud party to govern without the help priorities. “We have the chance now to tame of extremist fringe groups. wild growth on the financial markets,” said The deal, brokered in all-night talks between Mr. Netanyahu and Foreign Minister Steinmeier. “We should not Ehud Barak, the Labor leader, had faced stiff opposition from many se- let it go by.” … nior officials and grassroots members of the center-left party. … For Mr. Netanyahu, securing the Labor Party and its 13 deputies as members “does germany consider itself a member of of his governing coalition marks a crucial victory. From the moment he the eu on parity with every other nation in was asked to form the government, the Likud leader made it clear that the bloc? or does it consider itself the leader he did not want his administration to rely exclusively on the support of of the eu, with the right to make its own right-wing, far-right and religious parties—an alliance that might lead rules, which the rest of europe must then to friction with the U.S. and other allies. follow?” With Labor on board, Mr. Netanyahu’s coalition will control 66 seats —Trumpet, february 2009 in the 120-seat Knesset. This means he will no longer be obliged to find The TrumPeT weekly March 28, 2009 • 5 ron fraser | columnisT partners beyond those it has already signed up: Labor, the far-right Yisrael Beiteinu party and Shas, which represents Israel’s ultra-ortho- germany—World dox religious community. For Mr. Barak, the deal means that he can continue as defense min- champion spy! ister. Under the draft agreement, Labor will also be given the industry, Germany Is positioning agriculture and welfare portfolios. The deal promises that the next itself to lead the EU to Israeli government will work towards a peace deal with the Palestinians divorce itself from depen- and honor all the country’s previous international agreements, includ- dence on the U.S. for intelli- ing with the Palestinian Authority. It is not clear, however, what impact gence obtained by extrater- these clauses will have on Mr. Netanyahu‘s long-standing opposition to restrial sources. Germany an independent Palestinian state. has suddenly become the leader in the art of space- age international spying. Apart from the global edge that europe such a development gives to Germany in the field of defense and security, what ought to be of additional concern A merIca has not trusted any other nation to the Anglo-American alliance is the with its research into anti-terrorism tech- revelation as to which nation has been nology—until now. On March 16, the U.S. Germany’s partner in the development and Germany signed a treaty on scientific and of this state-of-the-art spy technology. technological cooperation in the field of civil “Moscow played a key role in support- security. The two countries will spend €10 to ing the development of the satellite- 20 million on four major projects by 2012. More based system that will foster the trend importantly, German scientists will gain access toward independence from Washing- to America’s top-secret laboratories, where ton” (ibid.). America tests its latest counterterrorism tech- With the aid of Russia, and nology, and vice versa. “Such openness would mirek ToPolanek without much fanfare, Germany have been previously unimaginable,” Spiegel Online wrote. “Until now, has suddenly propelled itself into a the Americans have kept their efforts to develop new security tech- leading global position in satellite- nologies secret.” America kept these technologies secret for a reason: empowered military surveillance. Security technologies are a matter of national security. “Having launched a new reconnais- Monday, Hungarian Prime Minister Ferenc Gyurcsany announced sance satellite-based system, the before parliament his “irreversible” decision to resign. Then, on Tuesday, German Bundeswehr is celebrating the government of the Czech Republic narrowly lost a no-confidence vote— its enhanced capacity for carrying out meaning the ruling coalition is on its way out. The economy played a independent military operations. The major role in the fall of both these governments. Gyurcsany first revealed sar-Lupe system, which had achieved his intentions of stepping down last Saturday, saying that he was ready to full operational capability at the end make way for a new government to lead the country out of the financial of 2008, has catapulted the German crisis. Center-right Czech Prime Minister Mirek Topolanek lost a no-confi- Armed Forces into a position of world dence vote amid a media scandal, though American think tank Stratfor re- leader in radar-based reconnais- ports that “Ultimately, it was Prague’s handling of the economic crisis that sance, according to a high-ranking brought Topolanek and his government down” (March 24). As the crisis in officer. With this ‘new instrument at Europe intensifies, so too will the opportunity for a strong European leader its disposal’ Berlin can, ‘at its own to step into the breach, an event specifically foretold in biblical prophecy. political volition, gather exclusive and Europe and the U.S. do not see eye to eye on the financial crisis. On global data independently.’ This new Wednesday, ahead of the G-20 meeting next week, Czech Prime Minis- reconnaissance capacity has drasti- ter Topolanek, who still holds the European Union’s rotating presidency, cally reduced its ‘dependence on called America’s stimulus plan “the road to hell.” Although many in other countries’ in the field of secu- Europe have condemned Topolanek’s remarks, they highlight major dif- rity policy. … The spy satellites will ferences in Europe’s and America’s views on the crisis. America wants not only provide information to the Europe to spend its way out of the problem with a U.S.-style stimulus Bundeswehr but also to the foreign package. Britain is trying to persuade Europe to sign on to this idea. intelligence service” (German Foreign But Europe, especially Germany, is wary of it. Unlike America, German Policy.com March 6, emphasis mine). Chancellor Angela Merkel sees better regulation, not more spending, as Manfred Fuchs, ceo of the lead con- the solution. Many European leaders, such as French President Nicolas tractor responsible for developing the Sarkozy, agree. Watch for Europe to try to impose its will on the U.S. at sar-Lupe project, Bremen-based ohb the upcoming G-20 summit. System AG, declared that, on the radar German Chancellor Merkel called for nato to be reorganized and to level, “Germany is world champion. draw closer to Russia on Thursday. “nato needs to adapt its strategy to There is no comparable system” (ibid.). meet new challenges,” said Merkel in a parliamentary address in the run- On the eve of nato’s summit next up to the alliance’s 60th-anniversary summit on April 3-4. Watch the week, suddenly Germany becomes a upcoming nato summit for a change in the alliance that favors Germany. force to be reckoned with. FREDERICK FLORIN/AFP/GEtty ImAGEs The TrumPeT weekly March 28, 2009 • 6 vince cable, daily mail | march 23 eu observer | march 24 a Vast Human brown calls on eu to tragedy unfolds lead Way Out of financial I never thought Britain would suc- “Hurricane” cumb again to mass unemployment. But it is arriving—fast. Two million now. Three million at the end of the I n an unusually pro-European speech on Tuesday, UK prime minister year (if we are lucky). Gordon Brown insisted that Britain was one of the EU’s key play- One in 10 of the workforce. And ers and that the 27-nation bloc was in a unique position to lead the that doesn’t include those forced on to way out of the global financial crisis by re-inserting “a strong sense of part-time working or training courses, values” in the financial markets. or the many older people and mothers “I stand here today proud to be British and proud to be European,” with children who would like to work Mr. Brown told meps in Strasbourg. The UK has often been subject to but who aren’t recorded as unem- criticism for not being sufficiently involved in EU affairs, notably due to ployed. its opt-outs from various EU areas such as justice and home affairs or There is a human tragedy unfolding the common European currency. before our eyes. … A constituent told But the British premier stressed that he was “representing a country me last week, in a state of shock, that that does not see itself as an island adrift from Europe but as a coun- a few weeks ago he thought he was in try at the centre of Europe; not in Europe’s slipstream but firmly in its a safe job with an income of £600 a mainstream.” week. Now he is unemployed and try- He also said the EU was “uniquely placed” to provide world leader- ing to live on £60-a-week Jobseeker’s ship in finding a way out of the “international hurricane that is sweep- Allowance. … Once his savings have ing the world.” The bloc has a long history of cross-border cooperation been depleted, he can apply for income and “a strong sense of values” support and other benefits for his fam- it can bring to the markets, ily. … He had no idea how he was going “well, now i think i can see what may be he added. to keep his mortgage serviced. He is the very event that is going to trigger [the “I propose that we in well qualified and may get another job unification and empowerment of europe], and Europe take a central role” in soon. Most won’t. that is the economic situation in the world.” setting up “a new principled The consequences of large-scale —mr. armstrong, July 7, 1984 economy for our times,” Mr. unemployment will be profound and Brown said. … painful. The biggest casualties will be among two-earner households, where one has lost a job but both incomes are needed for the mortgage. They cannot bbc | march 25 get housing benefit and, unless they have payments insurance or a very czech pM attacks Obama tolerant bank, they are on the road to the loss of their home. No wonder spending unemployment, particularly when pro- longed, can lead to stress and mental illness. T he czech prime minister has condemned U.S. President Barack I really worry about the youngsters. Obama’s economic recovery plans as “a way to hell.” Mirek Topo- As many as half of graduating students lanek was speaking in the European Parliament, in his capacity as will emerge this year without jobs to current holder of the EU presidency. go to. Some can do research or train Hours before his remarks, President Obama appealed for all coun- as teachers. But many will join an tries to bear the burden of spending to stimulate the world economy. angry army of graduate unemployed. Mr. Topolanek said the biggest success of last week’s EU summit was its Less-educated teenagers face even big- refusal to copy the U.S. example. His intervention comes 10 days before ger obstacles: always last in and first the G-20 summit meeting in London and coincides with a visit to New out of a job. Some will be drawn into York by UK Prime Minister Gordon Brown, who has called for a “world- crime. … wide fiscal and monetary stimulus.” … Mr. Topolanek … said the United States was not taking “the right “ephraim shall be desolate in the day of path.” He attacked the U.S.’s growing budget deficit and the “Buy rebuke: among the tribes of israel have i America” campaign, saying “all of these steps, these combinations and made known that which shall surely be. permanency is the way to hell.” ... ephraim is oppressed and broken in “We need to read the history books and the lessons of history and the judgment, because he willingly walked after biggest success of the (EU) is the refusal to go this way,” he said. … the commandment.” bbc correspondent Jonny Dymond says his comments are not quite a —hosea 5:9, 11 full-frontal assault on U.S. economic strategy—but they come pretty close. The TrumPeT weekly March 28, 2009 • 7 joel hilliker | columnisT Keep the ghetto Out asia of your bedroom T he role of tactical nuclear weapons in the Russian navy may become more prominent in the near future. Senior Russian naval pornoGraphy used to be officer, Oleg Burtsev, told state-run television on Monday that the more difficult to get—con- Russian navy may fit new, less powerful nuclear warheads to existing fined to the other side of the types of cruise missiles. “There is no longer any need to equip missiles tracks, hiding in the no-go with powerful nuclear warheads,” said Burtsev. “We can install low- zones of the city. The shame yield warheads on existing cruise missiles.” These low-yield, tactical used to be prohibitive. Now nuclear warheads have a much shorter range than strategic nuclear pornography lurks in your weapons, but are intended for use within a theater of battle. The Rus- home—right inside your sians claim that an arsenal of tactical nuclear weapons is necessary computer. All you have to to counter a massive nato advantage in conventional weapons. Watch do is click. for Europe’s reaction to Russia’s growing military power. How Europe Two out of three 18-to-34-year-old men responds to Russian ambition is more important, from a prophetic use Internet pornography at least once a perspective, than the growing power of Russia itself. month. A survey published last month by New Scientist found that the states that consume the most online porn tend to be the more conservative and religious. The bbc | march 26 anonymity and accessibility offered by the Internet is proving too great a temptation. china fury at u.s. Pornographers know how addiction works. They distribute “softer” versions Military report of fornication, often for free, because they know minds will become more and more numb to it, build up a “tolerance,” and then B eIjInG has reacted angrily to a Pentagon report on China’s military want something a bit more perverse the power, which claimed it was altering the military balance in Asia. next time. This is why pornographers pro- A Foreign Ministry spokesman called it a “gross distortion of the duce more and more perverted and extreme facts,” and urged an end to “Cold War thinking.” Internet sex; it’s not that people have natu- In its annual report to Congress, the Pentagon said China was develop- rally perverse sexual appetites. They learn ing “disruptive” technologies for nuclear, space and cyberwarfare. It could it. And often, they can’t stop. be used to enforce claims over disputed territories, the report said. … Society has come to portray pornogra- The Pentagon analysis said China was developing weapons that phy as exciting, fun, trendy—even healthy. would disable its enemies’ space technology such as satellites, boost- That’s a sick lie. Men, who make up three ing its electromagnetic warfare and cyber-warfare capabilities and out of four Internet porn users, waste hours continuing to modernize its nuclear arsenal. It also noted a build-up of viewing increasingly worse forms of degra- short-range missiles opposite Taiwan, despite a significant reduction in dation. Work and home life bend and warp tension between the two in recent months. … to fit the habit. “The men … who become China’s armed forces are undoubtedly undergoing a dramatic hooked on this bilge are often miserable transformation from a poorly equipped peasant army to an increasingly about it,” wrote Mona Charen in the Na- sophisticated modern military, the bbc’s defense and security corre- tional Review. Psychiatrist Norman Doidge spondent Rob Watson says. … said, “Pornographers promise healthy pleasure and a release from sexual tension, but what they often deliver is an addiction, tolerance, and an eventual decrease in africa, latin aMerica pleasure.” The effects are devastating. Relation- ships suffer. Men lose the ability to relate F rench presIdent Sarkozy visited the Demo- with and respect women. They lie about cratic Republic of the Congo on March 26 and their addictions and deceive their wives, offered one concrete suggestion to help bring families and friends. Healthy emotion peace to Central Africa: Share the mineral wealth. evaporates. Women feel betrayed. Trust French nuclear firm Areva “has taken advantage shatters. Families fracture. of the visit to sign a deal to exploit uranium in DR Christ said that “whosoever looketh on Congo,” the bbc reported. President Sarkozy says that a woman to lust after her hath committed his plan for the Congo’s wealth—and that of other adultery with her already in his heart.” God African nations on his agenda—is meant to help outlawed this behavior because it makes bring peace to central Africa. The reality, though, is sarkozy our lives miserable. The horrible effects of that the deals are intended to benefit France and Europe. As the Trum- pornography supply ample and vivid proof pet has stated many times, expect further EU involvement in Africa as that the spiritual law of God is as much in the global race to secure African resources continues. effect today as the physical law of gravity. The TrumPeT weekly March 28, 2009 • 8 daily mail, uk | march 25 exit churchill, anglo-aMerica enter twitter T he federal gov- ernment wants prImary schools could ditch traditional more control lessons in favor of teaching children over the economy. On how to use social networking sites such Thursday, Treasury as Twitter, it emerged yesterday. In the Secretary Timothy biggest education shake-up for 20 years, Geithner proposed pupils would no longer have to learn about sweeping federal the Romans, Vikings, Tudors, Victorians controls over financial or the Second World War. institutions. This new Instead, under the blueprint for a new authority would give primary curriculum … they would have to federal regulators the be able to master websites such as Wiki- power not only to over- pedia, as well as blogging and podcasting. see the activities of gi- u.s. secretary of the Treasury Timothy geithner Compulsory sex education will start from gantic global financial testifies during a hearing. 5 and children as young as 9 will be taught institutions, but also to seize them and shut them down if they are near to make “informed decisions” about taking the point of failing and deemed too big to fail, the Washington Times drugs and drinking alcohol. reported. “To address these failures will require comprehensive reform— As swathes of prescribed knowledge not modest repairs at the margin, but new rules of the road,” Geithner in science, history and geography are said. If adopted, the measures would check massive and heretofore stripped back, schools will be encouraged unregulated hedge, private equity and venture capital funds and set the to put a big emphasis on Internet skills, precedent for yet more federal control of the failing American economy. environmental education, healthy eating Both the government and the free market, however, have been and will and well-being. be completely unable to save a system based on selfish human nature. “English” will cover “media texts” and On Wednesday, Secretary Geithner retracted a comment he made “social and collaborative forms of com- that sent the value of the dollar plunging within 10 minutes. In re- munication” alongside traditional works of sponse to a proposal by China’s central bank to replace the dollar as literature. These should include “e-mails, world reserve currency, Geithner said that “we’re actually quite open messaging, wikis and twitters.” Wikis, as to that.” Though White House spokesman Robert Gibbs responded by in the online encyclopedia Wikipedia, are saying the administration expects the dollar to stay the world’s reserve information databases that rely on being currency for “a long, long time,” and the dollar regained most of its edited by the public, regardless of whether losses against the euro and other currencies, later in the day a meager they have any specialist knowledge in the turnout for a treasury bond auction sent interest rates up and raised subject being discussed. … fears that the United States may not be able to sell its $2.5 trillion of Robert Whelan, deputy director of the debt this year. The Times reports that investors were also scared by Civitas think tank, … said: “This is yet congressional budget plans that would double the debt the Treasury another step on the journey to drain all has to sell in the next five years to nearly $12 trillion. academic content from the school cur- Homeland Security Secretary Janet Napolitano and Secretary of riculum and to replace discrete bodies of State Hillary Clinton said on Wednesday that Congress should increase knowledge, which have been organized spending on border security. Clinton promised Mexico $80 million in under subject headings for hundreds of Black Hawk helicopters. Due to border drug wars raging between heav- years, with a lot of social engineering and ily armed drug cartels and law enforcement, more than 1,000 lives have flabby attempts at feelgood philosophy. already been lost in 2009. “These proposals will only serve to in- crease the educational apartheid between the state and independent sector, because the latter will retain traditional subjects.” Times | march 25 Pointing out the need for greater his- torical education, not less, he said he had rising threat of dirty recently asked a group of pupils in their late years at primary school when Shake- bomb attack on uK speare lived, and the answer came back as “50 years ago.” Sean Lang, senior lecturer in history at A terrorIst attack on Britain with chemical, nuclear or biological Anglia Ruskin University and secretary of weapons is now “more realistic” because of the increasing theft of the Historical Association, said: “This is materials used to make a dirty bomb, the government warned yes- part and parcel of a general trend both at terday. The Home Office disclosed that serious work was under way … to primary and secondary level to downgrade protect Britain against the use of a roadside bomb or other home-made knowledge, as if all you need is techniques, weapon of the kind used against troops serving in Afghanistan and Iraq. and knowledge is just stuff you get from As the government published an updated counterterrorism strategy, the Web.” … getty images TelegraPh, The TrumPeT weekly March 28, 2009 • 9 ambrose evans-PriTchard | march 26 the danger facing the country was highlighted with the claim that more than 20 Britons monitored by Pakistani intelligence have returned to u.s. backing for Britain. The men are believed to have spent time with radical militant groups linked to al Qaeda and the Taliban. All the suspects are aged be- World currency tween 17 and 23 and have apparently created “sufficient suspicion” for Pakistan’s intelligence service, the IsI, to believe that they pose a danger stuns Markets to Britain, according to Sky News. … u.s. treasury Secretary Tim Geithner The government outlined the threat facing Britain from new technol- shocked global markets by revealing that ogies and the splintering of terrorist groups in a 167-page document …. Washington is “quite open” to Chinese Terrorists will have access to new technology and could become capable proposals for the gradual development of a of conducting more lethal operations, the report said. “Contemporary global reserve currency run by the Interna- terrorist organizations aspire to use chemical, biological, radiological tional Monetary Fund. and nuclear (cbrn) weapons. Changing technology and the theft and The dollar plunged instantly against the smuggling of cbrn materials make this aspiration more realistic than it euro, yen, and sterling as the comments may have been in the recent past,” it said. … flashed across trading screens. David Bloom, currency chief at hsbc, said the apparent policy shift amounts to an earthquake in geo- finance. “The mere fact that the U.S. treasury wall sTreeT journal | march 25 secretary is even entertaining thoughts that the dollar may cease being the anchor of the uK bond auction fails for global monetary system has caused conster- nation,” he said. first time in 14 years Mr. Geithner later qualified his remarks, insisting that the dollar would remain the “world’s dominant reserve currency ... for a T he uk government failed to find enough buyers in a bond auction long period of time,” but the seeds of doubt for the first time in 14 years, underscoring the market distortions have been sown. caused by the Bank of England’s latest efforts to revive the UK The markets appear baffled by the con- economy. … fused statements emanating from Washing- Investors and analysts attributed the failure to uncertainty over how ton. President Barack Obama told a news the Bank of England will implement its policy of “quantitative easing,” conference hours earlier that there was no in which the bank buys bonds with freshly created money. That money threat to the reserve status of the dollar. “I is supposed to make its way into the banking system, increasing banks’ don’t believe that there is a need for a global ability to make new loans. … currency. The reason the dollar is strong U.S. treasuries also had a rough day; an auction of a record $34 right now is because investors consider the billion in five-year treasury notes turned in a surprisingly poor result. United States the strongest economy in the Sentiment was soured by the gilt auction earlier in the day. The results world with the most stable political system in cast a shadow on central bankers’ attempts to tame a rise in yields. The the world,” he said. selloff also reflected renewed concern about the U.S. ability to persuade The Chinese proposal, outlined this week foreign investors to fund its growing deficit. by central bank governor Zhou Xiaochuan, calls for a “super-sovereign reserve currency” under Imf management, turning the Fund into a sort of world central bank. TelegraPh | march 26 The idea is that the Imf should activate its dormant powers to issue Special Draw- “binging” girls ing Rights. These sdrs would expand their role over time, becoming a “widely-accepted Make britain among means of payments.” Mr. Bloom said that any switch towards use of sdrs has direct implica- Worst in europe tions for the currency markets. At the mo- ment, 65 percent of the world’s $6.8 trillion stash of foreign reserves is held in dollars. B rItaIn Isamong the worst European nations for “chronic” teenage But the dollar makes up just 42 percent of the alcohol abuse, with girls binge drinking more than boys, according basket weighting of sdrs. So any sdr purchase to the most detailed international study of its kind. The survey of under current rules must favor the euro, yen 15- and 16-year-olds found that more than one in four, 26 percent, said and sterling. … that they had suffered an accident or injury because of their drinking. Economists have toyed with such schemes More than one in 10, 11 percent, said that they had had sex while before but the issue has vaulted to the top of intoxicated which they later regretted. The same proportion admitted the political agenda as creditor states around that they had had unprotected sex under the influence of alcohol. the world take fright at the extreme measures Teenage girls were more likely to binge drink than boys, and 55 now being adopted by the Federal Reserve, percent admitted that they had had five or more alcoholic drinks at one especially the decision to buy U.S. govern- time in the previous month compared to 52 percent of boys. Overall 54 ment debt directly with printed money. The TrumPeT weekly March 28, 2009 • 10 brad macdonald | columnisT percent admitted binge drinking, much higher than the European aver- age of 43 percent, placing Britain fifth out of 35 European countries, amid crises, just behind the Isle of Man, Denmark, Portugal and Malta. More than one in four British teens said that they had binged at least three times a flash of clarity in the past month, the survey found. … tImes of trauma and tribula- tion can sometimes spark moments of profound clar- ity. Perhaps you’ve expe- sPecTacle from page 1 rienced it. Amid frenzied activity, stress and tension, U.S. history. It took all of America’s history until 1982 to run up the first sadness, even hopeless- trillion in debt. The next two trillions only took four years each. Presi- ness—something triggers it. dent Bush then added the most debt by a single president in the history Perhaps a song, a sentence, a of the nation: $4.9 trillion. If President Obama’s projections are correct, speech. Suddenly there is a glancing men- he will run up as much debt in four years as President Bush did in eight. tal flash. Momentarily, darkness departs The current federal budget projects that the debt will soar to $16.2 and the light of understanding dawns. trillion—100 percent of gross domestic product—by 2012. But it will Solutions are born in such moments. probably be even higher, because as Bernanke indicated, the govern- World conditions are ripe for you to ment is projecting the economy will be out of recession by next year. experience such a moment. Wall Street The debt numbers are getting so huge that China recently demanded Journal columnist Peggy Noonan recently that America guarantee it will not renege on its debts. On Saturday, wrote about the “psychic woe beneath President Obama was forced to issue the statement: “Not just the Chi- the economic blow” pervading America nese government, but every investor, can have absolute confidence in (emphasis mine throughout). There are the soundness of investments in the United States.” two parts to this psychological woe, says But perhaps the biggest news that got lost in the aIG-bailout noise was Noonan. the fact that the Federal Reserve announced that it was beginning to mon- “One is that we have arrived at the first etize the debt. This is huge, gigantic, almost-impossible-to-overstate news. fatigue. The heart-pumping drama of last The Fed announced it would begin literally creating money out September is gone, replaced by the drip- of thin air to purchase U.S. treasuries—$300 billion worth. It is an drip-drip of pink slips, foreclosures and admission that things are so bad that the federal government might not closed stores. We are tired. It doesn’t feel be able to find enough foreign lenders to give it money. Therefore the like 1929, but 1930. People are in a kind of Federal Reserve will just create it. suspended alarm, waiting for the future ”It is a step in the dark,” says Ian Shepherdson of High Frequency to unspool and not expecting it to unspool Economics. “We simply do not know how this will play out because happily. there is no prior experience to use as a road map.” “Two, the economy isn’t the only reason Shepherdson is wrong. There are hundreds of precedents. History for our unease. There’s more to it. People is littered with the wrecks of fiat paper money experiments. In 1716, sense something slipping away, a world the rogue John Law created the Banque Generale to buy up the debt receding, not only an economic one but of France. Four years later, the bank paper was worthless. John Law’s a world of old structures, old ways and money-creating experiment became known as the Mississippi Bubble. assumptions. People don’t talk about this But the livre is not alone. The Argentine peso, Russian ruble, French much because it’s too big, but I suspect assignat and franc, German mark, U.S. continental and Zimbabwean more than a few see themselves, deep dollar are just some of the more famous failed currencies. down, as ‘the designated mourner …. “ ”Bernanke has sent a giant sell signal to the rest of the world to sell The world is coming unhinged. It’s hard their treasuries to the Fed,” confirms Peter Schiff, one of a handful of to talk about, it’s so big. Some few are economists who predicted America’s current crisis. “This is going to be coming to grips with it and are already in a currency crisis. That’s what is coming.” mourning. Others are reacting by buying When France went bankrupt following John Law’s fiat money ex- guns, taking their cash out of the bank and periment, Law commented: “Last year I was the richest individual who putting it under the bed, moving to the ever lived, today I have nothing, not even enough to keep alive.” country, buying security systems, stocking The only difference this time is that the Fed is creating fiat digital pantries, buying gold. The wave of trauma money as well as paper money. is about to crest. People are bracing. Public spectacle number three: National naivety, and lots of it. Amidst these crises there is terrific With catastrophe plainly staring it in the face, America plunges opportunity for profound understanding. head first into the shallow waters. It’s as if the powers-that-be actually These traumas, and mankind’s inability believe that borrowing and spending can get America out of a problem to solve them, reveal the deficiency of caused by too much borrowing and spending. It is as if they believe that the human mind. They are, if you think creating money out of thin air can actually make people richer. And about it deeply, and as Herbert Armstrong to top it off, it is as if they actually believe that no one else can see the taught for years, fundamentally spiritual public spectacle that America has become. in nature. Unfortunately, the exhibitions and circuses are only beginning, Doesn’t it make sense then, that the because that’s what empires become when they are going down and ultimate solution might also be fundamen- politicians don’t want people to know it. tally spiritual in nature?
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