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Barack Obama: All US troops to leave Iraq in 2011
On numerous occasions during President Obama’s 2008 campaign he promised to withdraw two brigades per month, with all US combat troops out by 2009. Three years have passed since Obama was elected into office and the US troops are still in Iraq. However it is possible that this time Obama will really withdraw the US troops because the 2012 Elections are coming and Obama needs an image boost.
President...
Federal Reserve Now Backstopping $75 Trillion Of Bank Of America's Derivatives Trades
This story from Bloomberg just hit the wires this morning. Bank of America is shifting derivatives in its Merrill investment banking unit to its depository arm, which has access to the Fed discount window and is protected by the FDIC.
This means that the investment bank’s European derivatives exposure is now backstopped by U.S. taxpayers. Bank of America didn’t get regulatory approval...
US budget deficit reaches USD 1.3 Trillion
The building of the US Treasury Department in Washington DC
The US Department of the Treasury has announced that the government’s budget deficit has climbed to USD1.3 trillion in the current fiscal year, fueling concerns about the country’s economic crisis.
Washington’s 2011 budget deficit shows an increase of USD 0.01 trillion dollars from the US deficit in the fiscal year 2010,...
China calls for firm opposition to US legislation pressuring RMB exchange rate
A spokesman with China’s Foreign Ministry on Wednesday called on the U.S. government, its congress and various communities to firmly oppose domestic legislation meant to pressure China’s currency, the Renminbi or yuan, into rising further.
“China calls on the U.S. government, its congress and various communities to oppose the pressure put on the RMB exchange rate by domestic legislation...
Iran rejects US plotting accusations
Iranian Foreign Ministry Spokesman, Ramin Mehmanparast.
Iran has categorically rejected the US accusations that the Islamic Republic was involved in a plot to assassinate the Saudi ambassador to Washington, calling it a ‘prefabricated scenario.’
Iranian Foreign Ministry Spokesman, Ramin Mehmanparast, said on Tuesday that such ‘ludicrous’ claims hinged on the hostile joint stances...
US allegedly foils hit on Saudi ambassador
Manssor Arbabsiar (2R), is charged over an alleged Iranian government-directed plot to murder the Saudi Ambassador to the United States. Federal Court in New York, October 11, 2011
American authorities reportedly disrupted an Iranian government plot to assassinate the Saudi ambassador to the United States. Washington declared that it is “committed to holding Iran accountable.”
Two men,...
US Takes Down Top Bio-Terror Official, Then Alleges Iran Plot
A frightening Main Intelligence Directorate (GRU) report circulating in the Kremlin today warns that the Obama regime may be about to launch an Operation Northwoods type “false flag” bio-terror attack as a pretext for bombing and then invading Iran.
According to this GRU report, US authorities took down one of their top bio-terror officials yesterday named Dr. Kimberly Lindsey [photo 2nd right]...
Russia Issues “Revolution Alert” For United States
For the first time in nearly four-decades the Russian Ministry of Foreign Affairs has issued a “dire” travel alert for top officials, scientists and military officers travelling to the United States over fears the Obama regime is preparing to instigate a revolution for the purpose of their being able to hold on to power and complete the enslavement of the American people.
According to this report...
Obama Has Now Increased Debt More than All Presidents Combined
The Obama administration passed another fiscal milestone this week, according to new data released by the Treasury Department. As of the close of business on Oct. 3, the total national debt was $14,837,099,271,196.71—up about $44.8 billion from Sept. 30.
That means that in the less-than-three-years Obama has been in office, the federal debt has increased by $4.212 trillion–more than the total...
US envoy storms out after Russia and China veto UN resolution
Anger: Susan Rice, US Ambassador to the UN, walked out of a security council meeting after Russia and China vetoed a resolution on Syria
America’s ambassador to the U.N. stormed out of a security council meeting after China and Russia vetoed a resolution condemning Syria’s crackdown on anti-government protests.
Furious Susan Rice claimed Washington was ‘outraged’ by opposition...
China Angry Over US Bill Warns of Trade War
The emergence of China as the world's fastest-growing major economy has led to often strained relations with the United States.
The passage of a bill intended to make Beijing let its currency rise could lead to a trade war between the world’s top two economies, Chinese officials have warned. Both China’s central bank and ministries of commerce and foreign affairs are accusing the U.S....
US cuts off $200 million in aid to Palestinians
Palestinian President Mahmoud Abbas
The Palestinian Authority has claimed its people are victims of “collective punishment” after accusing the United States of blocking $200 million in aid in response to President Mahmoud Abbas’s application for UN statehood.
The freeze on funds, which has been unpublicised, was reportedly put in place in August, ahead of Mr Abbas’s planned...
US Makes Deal to Give Drones to Turkey
The Turkish Armed Forces are expected to receive Predator drones from the US in June of next year.
After a request for US assistance in suppressing separatist Kurds, the Turkish government is expecting the delivery of Predator drones in June 2012.
“We have agreed in principle [on the delivery of Predators]. Negotiations will continue,” Turkish Prime Minister Recep Tayyip Erdogan said on Saturday....
US gives away billions in assets in Iraq
US gives away billons in assets in Iraq
The United States Depart of Defense has found a nifty way of cutting costs in planning for the withdrawal of troops from Iraq. Rather than ship home millions of pieces of equipment from Americans bases abroad, the military is simply giving them away.
Nearly two-and-a-half million pieces of equipment, estimated at a cost of $250 million, have so far been given...
Rick Perry To Drop Out, Ron Paul To Be Mitt Romney's Rival
Congressman is Republican’s only chance of success against Obama.
The implosion of Rick Perry’s presidential campaign has opened the door for Congressman Ron Paul to move up into second place and go head to head with Mitt Romney – that’s the prediction from The Hill, one of Washington’s most respected political newspapers.
Alex Jones explained why the momentum behind Ron Paul’s campaign...