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South Korea defense minister quits after attack

Posted by Admin on November 25, 2010

Topographic map of South Korea. Created with G...

North/South Korea

 

YEONPYEONG, South Korea (Reuters) – South Korea’s defenseminister resigned on Thursday, two days after an attack by North Korea and amid criticism that the South’s response was too slow.

Kim Tae-young became the first political victim of the attack as China expressed muted criticism of forthcoming joint U.S-south Korean military exercises in the Yellow Sea.

President Lee Myung-bak accepting his minister’s resignation “to improve the atmosphere in the military and to handle the series of incidents”, a presidential official said.

Kim had also tended his resignation in May after the sinking of a South Korean naval vessel in March, but Lee asked him to stay on in the job. The Cheonan attack, in which 46 sailors were killed, was also blamed on the North.

North Korea fired a barrage of artillery shells at the island of Yeonpyeong off the peninsula’s west coast on Tuesday, killing two civilians and two soldiers and destroying dozens of houses.

South Korean troops fired back 13 minutes later, causing unknown damage. Members of Lee’s own party and opposition lawmakers accused the military of responding too slowly.

The government was also criticized for its perceived weak response to the Cheonan incident. North Korea has denied responsibility for that attack.

While China objected to the joint military exercises starting this weekend, North Korea threatened further attacks on the South if there were more “provocations”.

Seoul said it would increase troops on islands near North Korea after the bombardment, which caused a sharp spike in tension in the world’s fastest growing region.

Washington is putting increasing pressure on China to rein in North Korea, but a foreign ministry spokesman in Beijing said what was needed was a revival of the stalled six-party talks involving the two Koreas, Russia, China, Japan and the United States.

“We have noted the relevant reports and express our concern about this,” spokesman Hong Lei said, referring to the joint military exercises and the involvement of the nuclear-powered aircraft carrier the USS GeorgeWashington in the drill.

But Beijing has previously used stronger language to signal its displeasure. In August, the People’s Liberation Army said earlier plans to send the George Washington to the Yellow Sea would make it lose respect and threatened long-term damage to Sino-U.S. relations.

Seoul expressed frustration with Beijing for not taking sides, noting even Russia had condemned this week’s attack.

“We must engage with China for it to take more responsibility on North Korea’s behavior,” said a government official, who asked not to be identified.

China has long propped up the Pyongyang leadership, worried that a collapse of the North could bring instability to its own borders. Beijing is also wary of a unified Korea that would be dominated by the United States, the key ally of the South.

BELLICOSE RHETORIC

There was no let-up in the typically bellicose language used by North Korea.

“(North Korea) will wage second and even third rounds of attacks without any hesitation if warmongers in South Korea make reckless military provocations again,” the North’s KCNA news agency quoted a statement from the military as saying.

“The U.S. cannot evade the blame for the recent shelling,” it added. “If the U.S. truly desires detente on the Korean peninsula, it should not thoughtlessly shelter the South Korean puppet forces, but strictly control them so that they may not commit any more adventurous military provocations.”

North Korea said the shelling was in self-defense after Seoul fired shells into its waters. The South Korean government official said Seoul had been shocked by the attack for its “indiscriminate bombing of civilians”.

“We could not imagine such a grave provocation,” he said. “But now we see any kind of provocation is possible … and it makes it very easy to respond in the future.”

The official said Tuesday’s artillery attack on Yeonpyeong island could only have been ordered by reclusive North Korean leader Kim Jong-il.

Kim and his son and designated heir, Jong-un, visited the Yellow Sea coastal artillery base from where shells were fired at Yeonpyeong just hours before the attack, North Korean media reported.

“This kind of serious provocation could only be planned by Kim Jong-il,” the official said, adding the attack was also designed to promote the younger Kim’s military credentials.

U.S. officials have said the attack appeared linked to the upcoming succession in North Korea’s leadership.

It was the heaviest attack by the North since the Korean War ended in 1953 and marked the first civilian deaths in an assault since the bombing of a South Korean airliner in 1987.

A bitterly cold wind was blowing through the hilly island on Thursday when reporters were allowed to visit for the first time since the attack. North Korea was clearly visible.

Houses were deserted with most residents having fled to the mainland, many with their roofs caved in and charred black. Broken glass was strewn in the narrow alleyways.

The deaths of civilians have added to anger in the South, and sparked heated debate in parliament over the military’s slow response — as well as calls for heads to roll. Defense Minister Kim had been one of the main targets.

While the rhetoric continues, global markets have moved on to other issues after Tuesday’s attack. The stock market opened up in Seoul on Thursday but closed almost flat. (Reporting by Seoul bureau; Writing by Jeremy Laurence; Editing by Nick Macfie and Ron Popeski)

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The Road to World War III – The Global Banking Cartel Has One Card Left to Play

Posted by Admin on October 4, 2010

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Goldman Suchs, truly…

Posted by Admin on April 23, 2010

Goldman Sucks

Goldman Sucks

Something truly extraordinary has happened. The Securities and Exchange Commission (SEC) has charged Goldman Sachs, the greedy, grasping, Midas heart of the Old World Order, with fraud, prompting an immediate slump of over 12% in their share price.

For once, the victims of the evil empire of Goldman Sachs were not the ordinary people, but their own big clients, including the German bank IKB.

This is a momentous hour. Like rats in a sack, the Old World Order have viciously turned on each other. Their united front is disintegrating.

How did it come about? What did Goldman Sachs do that was so outrageous that the SEC could no longer turn a blind eye to the myriad of transactions performed by Goldman Sachs that should have attracted the most serious scrutiny long ago?

What happened was that the hedge fund Paulson & Co, one of the most spectacular beneficiaries of the Credit Crunch, earning billions of dollars while so many other were losing billions, put together a complex portfolio of subprime-mortgage-backed investments that it fully expected to slump in value i.e. it was actually assembling a collection of what it thought were the highest risk, most dubious investments available, and anticipating maximum downside on this portfolio. Its explicit strategy was to bet heavily against this portfolio i.e. to “short” it to the fullest extent. In other words, Paulson & Co regarded this portfolio as utterly toxic, a disaster in the making. This portfolio was “dead man walking” if ever there was one.

Paulson & Co arranged for Goldman Sachs to structure, market and sell this portfolio to its prestigious clients. Goldman Sachs gave it the full, glossy treatment, indicating to many clients that they would be sitting on a potential goldmine if they invested in this portfolio. They completely omitted to mention to all would-be clients that Paulson & Co regarded this portfolio as a collection of the walking dead – a zombie fund heading for the graveyard. Isn’t this a critical piece of information about which every potential client ought to have been made aware? It’s a bit like selling a house for full market value when you know it’s sitting on the edge of a crumbling cliff, a fact that you deliberately fail to tell the purchaser.

In fact, they didn’t mention Paulson & Co at all. They claimed instead that ACA Management, an objective, independent third party with expertise in analyzing risk, had assembled the portfolio. They must have known that if they had admitted the involvement of Paulson & Co, investors might have viewed it entirely differently, given the reputation of hedge funds.

The Goldman Sachs “vice president” at the heart of the scandal is a Frenchman called Fabrice Tourre. In an email sent to a friend a month before he helped to structure the toxic portfolio, Tourre said, “More and more leverage in the system. The whole building is about to collapse anytime now … Only potential survivor, the fabulous Fabrice Tourre … standing in the middle of all these complex, highly leveraged, exotic trades he created without necessarily understanding all of the implication of those monstrosities!!!”

Tourre was described as a “well-mannered, handsome guy from a very refined family.” He had a reputation for throwing noisy parties in his fashionable block of flats. He was a ‘straight-A’ student at the Lycee Henri IV, one of France’s most elite schools, housed in an exquisite 6th Century abbey in Paris. He then studied mathematics at the Ecole Centrale Paris, a top French university, before completing his elite education with the obligatory trip to the USA where he obtained a master’s degree from Stanford. He worked in a luxurious office in a prime location in London.

Read the rest of this entry »

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The International Jew — The World's Foremost Problem

Posted by Admin on February 7, 2010

Originally Published By Henry Ford

Many people have seen the booklet.

These are the original articles that appeared in the Dearborn Independent.

The Dearborn Independent

By Henry Ford, founder of the Ford Motor Company, and the editors of THE DEARBORN INDEPENDENT.

Vol. 1 The International Jew
1 The Jew in Character and Business
2 Germany’s Reaction Against the Jew
3 Jewish History in the United States
4 The Jewish Question — Fact or Fancy?
5 Anti-Semitism — Will It Appear in the U.S.?
6 Jewish Question Breaks Into the Magazines
7 Arthur Brisbane Leaps to the Help of Jewry
8 Does a Definite Jewish World Program Exist?
9 The Historic Basis of Jewish Imperialism
10 An Introduction to the “Jewish Protocols”
11 “Jewish” Estimate of Gentile Human Nature
12 “Jewish Protocols” Claim Partial Fulfillment
13 “Jewish” Plan to Split Society by “Ideas”
14 Did the Jews Foresee the World War?
15 Is the Jewish “Kahal” the Modern “Soviet”?
16 How the “Jewish Question” Touches the Farm
17 Does Jewish Power Control the World Press?
18 Does This Explain Jewish Political Power?
19 The All-Jewish Mark on “Red Russia”
20 Jewish Testimony in Favor of Bolshevism
Vol. 2 Jewish Activities in the United States
21 How Jews in the U.S. Conceal Their Strength
22 Jewish Testimony on “Are Jews a Nation?”
23 Jew Versus Non-Jew in New York Finance
24 The High and Low of Jewish Money Power
25 “Disraeli of America” — A Jew of Super-Power
26 The Scope of Jewish Dictatorship in the U.S.
27 Jewish Copper Kings Reap Rich War-Profits
28 Jewish Control of the American Theater
29 The Rise of the First Jewish Theatrical Trust
30 How Jews Capitalized a Protest Against Jews
31 The Jewish Aspect of the “Movie” Problem
32 Jewish Supremacy in Motion Picture World
33 Rule of the Jewish Kehillah Grips New York
34 The Jewish Demand for “Rights” in America
35 “Jewish Rights” Clash With American Rights
36 “Jewish Rights” to Put Studies Out of Schools
37 Disraeli — British Premier, Portrays the Jews
38 Taft Once Tried to Resist Jews — and Failed
39 When Editors Were Independent of the Jews
40 Why the Jews Dislike the Morgenthau Report
41 Jews Use the Peace Conference to Bind Poland
42 The Present Status of the Jewish Question
Vol. 3 Jewish Influences in American Life
43 The Jews and the “Religious Persecution” Cry
44 Are the Jews Victims or Persecutors?
45 Jewish Gamblers Corrupt American Baseball
46 Jewish Degradation of American Baseball
47 Jewish Jazz Becomes Our National Music
48 How the Jewish Song Trust Makes You Sing
49 Jewish Hot-Beds of Bolshevism in the U.S.
50 Jew Trades Link With World Revolutionaries
51 Will Jewish Zionism Bring Armageddon?
52 How the Jews Use Power — By an Eyewitness
53 How Jews Ruled and Ruined Tammany Hall
54 Jew Wires Direct Tammany’s Gentile Puppets
55 B’nai B’rith Leader Discusses the Jews
56 Dr. Levy, a Jew, Admits His People’s Error
57 Jewish Idea in American Monetary Affairs
58 Jewish Idea Molded Federal Reserve Plan
59 Jewish Idea of Central Bank for America
60 How Jewish International Finance Functions
61 Jewish Power and America’s Money Famine
Vol. 4 Aspects of Jewish Power in the United States
62 How Jews Gained American Liquor Control
63 Gigantic Jewish Liquor Trust and Its Career
64 The Jewish Element in Bootlegging Evil
65 Angles of Jewish Influence in American Life
66 The Jews’ Complaint Against “Americanism”
67 The Jewish Associates of Benedict Arnold
68 Benedict Arnold and Jewish Aid in Shady Deal
69 Arnold and His Jewish Aids at West Point
70 The Gentle Art of Changing Jewish Names
71 Jewish “Kol Nidre” and “Eli, Eli” Explained
72 Jews as New York Magistrates See Them
73 Jews Are Silent, the National Voice Is Heard
74 What Jews Attempted Where They Had Power
75 The Jewish Question in Current Testimony
76 America’s Jewish Enigma — Louis Marshall
77 The Economic Plans of International Jews
78 A Jew Sees His People As Others See Them
79 Candid Address to Jews on the Jewish Problem
80 An Address to “Gentiles” on the Jewish Problem

Please use the links to navigate to the respective web pages to read chapter by chapter. This is only a mirror link provision.

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