Federal Reserve Stealing Iraqi Oil Revenues

Remember, the neocons told us the invasion of Iraq and the subsequent murder of over a million Iraqis was all about deposing the evil Saddam Hussein and gifting the Iraqi people with democracy.

Sure, and I have a pony for sale.

Of course, back in 2002 and 2003, when the criminal neocons made these absurd claims, only half wits with GWB bumper stickers on their pickup trucks believed them. Sadly, a large percentage of the American public is comprised of half wits, while an even larger percentage, apathetic and decadent, didn’t give a wit about the invasion, so long as they or their children were not required to “serve,” that is to say, having survived IEDs and suicide bombers, come down with a case of Gulf War Syndrome.

At the time, some of us said the invasion was divided into two roughly equal parts — first, the cynical neocon desire to split Iraq in three parts with a heaping dose of “clash of civilizations” chaos and murder injected for good measure, and second the neolib plot to steal Iraq’s oil.

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Tony Blair starts $1M bank job

Tony, mate give us say… half a year eh? We’ll see you right. Just keep schtum and you’ll never have to work a day in your life again.

LONDON, England (CNN) — Former UK Prime Minister Tony Blair, who left office last June, has taken up a part-time job with a Wall Street bank on an estimated $1 million salary.

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JP Morgan Chase did not say how much Blair will make in the part-time position.

Blair will work with JP Morgan Chase, a firm with assets of $1.5 trillion and operations in more than 50 countries. He will advise the bank on global political and strategic issues, a company statement said.

“We operate our business all over the world, and Tony Blair will bring our leaders and clients a unique and invaluable global perspective that is especially critical in turbulent times like these,” said Jamie Dimon, chairman and CEO of the company, in the statement.

Neither Blair nor the bank would say how much the former PM would be paid. A New York recruitment consultant though told the Financial Times that the job was likely to be worth more than $987,000 (£500,000) a year.

Recession in the US ‘has arrived’

The feared recession in the US economy has already arrived, according to a report from Merrill Lynch. It said that Friday’s employment report, which sent shares tumbling worldwide, confirmed that the US is in the first month of a recession.

Its view is controversial, with banks such as Lehman Brothers disagreeing.

But a reserve member of the committee that sets US rates warned that it could do little about the below-trend growth expected in the next six months.

“I am concerned that developments on the inflation front will make the Fed’s policy decisions more difficult in 2008,” Charles Plosser, president of the Federal Reserve Bank of Philadelphia said.

He was referring to the problems faced by the US Federal Reserve, which might want to cut interest rates to avoid a recession, but is worried about inflationary factors such as $100-a-barrel oil.

‘Significant decline’

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Continuity of the US government.. TOP SECRET!

Oh, And He Is;”Not A Financially Driven Guy”

Come to think of it he probably isn’t. He just likes to kill and maim and the only way to do that legally is to rent himself and his boys out to the government.

According to Jeremy Scahills exellent book about Blackwater USA, he acctually has partaken in some military actions in Afghanistan.
He is a trained marine who has seen action in former Yoegoslavia and only quit the army when his father died and his wife was ill with cancer. Handy to have a billion or so lying around to build a private army with. Also very handy to know Cheney from his internship in the Whitehouse in 1992 accidently the same time Cheney asked Halliburton to research the possibility of privatizong the army.
Maybe he can’t kill anymore but he can sure let his boys do it for him. Also it probably helps to have converted back to Catholisism after all he’s fighting the Moslem infidels and GOD is on his side.

U.S. $10 trillion in the red

McClatchy News Service

As the national debt heads toward the $10-trillion mark, generous Americans are sending checks to the federal government.Donations to the Bureau of the Public Debt have topped $2.5 million so far this year. That’s the highest amount since at least 1996.

It’s not making much of a dent, though.

For the fifth time since 2001, Congress is raising the debt limit, increasing it by $850 billion to $9.815 trillion. The Senate approved the plan on a 53-42 vote Thursday. That’s $9,815,000,000,000.00.

The House of Representatives has already signed off on the plan, without a direct vote.

According to the folks who follow this stuff closely, the national debt has been rising by an average of $1.36 billion per day since September of last year.

And each citizen now has a share of nearly $30,000.

But Congress has an easy solution to deal with the rising tide of red ink. Instead of fretting over it, members simply allow the government to borrow more money, much to the consternation of some critics.

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Iraq’s WMD Myth

Why Clinton is Culpable

By ANDREW COCKBURN

A former senior UN diplomat has revealed to me details of how, just over 10 years ago, the Clinton administration deliberately sabotaged UN weapons inspections in Iraq.

American officials were fearful that Iraq would be officially certified as weapons-free, a development that was seen as a political liability for Bill Clinton. Thus the stage was set for the manufacture of the Iraqi WMD myth as the excuse for George Bush’s catastrophic invasion of Iraq.

It was March 1997. For six years the UN inspectors had been probing the secrets of Saddam’s weapons programs, in the process destroying huge quantities of chemical munitions and other production facilities. To enforce Saddam’s cooperation, Iraq was subject to crushing sanctions.

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