Monday, September 22, 2008

Financial Terrorism Begets Global Government

Financial crisis comparable to terrorism, Alistair Darling tells Labour Party conference
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/3046099/Financial-crisis-comparable-to-terrorism-Alistair-Darling-tells-Labour-Party-conference.html
The world economic crisis must be fought like the war on terrorism, the Chancellor is preparing to say.

In his speech to the Labour Party conference, Alistair Darling will say that Britain must lead the world in efforts to fix the international economy, which has been severely damaged by the credit crisis.
"Just as one government alone cannot combat global terrorism, just as one government alone cannot deal with climate change, one government alone cannot deal with the impact of globalisation," Mr Darling will say.
"This is a global problem – and it will require global solutions."
In an interview on Sunday, Gordon Brown said the Government would push for an "international regulator" to oversee the web of international financial activity that individual national governments are unable to command on their own.

Financial Weapons of Mass Destruction
Morgan Stanley, Goldman Search for Deposits; Banks Are `Lunch' (perp watch)
http://www.bloomberg.com/apps/news?pid=20601102&sid=a9rMT8i7Lyqs&refer=uk
``We are seeing deals that are highly opportunistic and speedily arranged, where targets are distressed,'' said Marco Boschetti, co-head of global mergers and acquisitions at the Towers Perrin consulting firm in London.
Goldman Sachs, granted permission Sept. 21 to transform into a bank holding company, may raise capital to buy assets assuming it finds the right opportunities, said company spokesman Lucas van Praag in New York
See: COMPETITORS ARE GONE

China paper urges new currency order after "financial tsunami"
http://www.reuters.com/article/ousiv/idUSPEK4365020080917?sp=true

BEIJING (Reuters) - Threatened by a "financial tsunami," the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.
The commentary in the overseas edition of the People's Daily said the collapse of Lehman Brothers Holdings Inc (LEH.P: Quote, Profile, Research, Stock Buzz) "may augur an even larger impending global 'financial tsunami'."
The People's Daily is the official newspaper of China's ruling Communist Party, and the overseas edition is a smaller circulation offshoot of the main paper.
Its pronouncements do not necessarily directly reflect leadership views, but this commentary by a professor at Shanghai's Tongji University suggested considerable official alarm at the strains buckling world financial markets.
China's central bank earlier this week cut its lending rate for the first time in six years, a move analysts said was aimed at bolstering the economy and the battered stock market.
"The eruption of the U.S. sub-prime crisis has exposed massive loopholes in the United States' financial oversight and supervision," writes the commentator, Shi Jianxun.
"The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."

Russia engages in 'gangland' diplomacy as it sends warship to the Caribbean
Peter the Great is armed with 20 nuclear cruise missiles and is one of the world?s most formidable warships.

Russia flexed its muscles in America’s backyard yesterday as it sent one of its largest warships to join military exercises in the Caribbean. The nuclear-powered flagship Peter the Great set off for Venezuela with the submarine destroyer Admiral Chabanenko and two support vessels in the first Russian naval mission in Latin America since the end of the Cold War.
“The St Andrew flag, the flag of the Russian Navy, is confidently returning to the world oceans,” Igor Dygalo, a spokesman for the Russian Navy, said. He declined to comment on Russian newspaper reports that nuclear submarines were also part of the expedition.
The voyage to join the Venezuelan Navy for manoeuvres came only days after Russian strategic nuclear bombers made their first visit to the country. Hugo Chávez, the President, said then that the arrival of the strike force was a warning to the US. The vehemently antiAmerican Venezuelan leader is due to visit Dmitri Medvedev, the Russian President, in Moscow this week as part of a tour that includes visits to Cuba and China.

US generals planning for resource wars
The US military sees the next 30 to 40 years as involving a state of continuous war against ideologically-motivated terrorists and competing with Russia and China for natural resources and markets....
Miracle airship tech sustained by DARPA pork trickle
Designer claims to have cracked century-old snag

Report suggests refocusing US pandemic vaccine efforts

Pandemic Flu Panel Seeks to Prepare Businesses
In a March 2007 report titled "Pandemic Flu and the Potential for U.S. Economic Recession: A State-By-State Analysis," the Trust for America’s Health (TFAH) examined the potential financial loss the United States could face in the event of pandemic flu. In their report, TFAH projected that the impact of pandemic flu on the workforce would be roughly $310 billion in losses with a projected $250 billion impact in losses on industries

SRI gets $8.3M contract for bioterror defense

Senate Boosts Funding for Laser Weapons
http://www.washingtonpost.com/wp-dyn/content/article/2008/09/21/AR2008092102432.html


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