Bill to Audit Fed Gains Serious Momentum

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Kurt Nimmo
Infowars
May 22, 2009 It looks like the Federal Reserve may finally have something to worry about now that HR 1207 is finally gaining serious steam. If enacted, HR 1207 will amend title 31 of the United States Code and reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States. In other words, for the first time since 1950, the criminals at the Federal Reserve will be forced by law to open their books.

Rep. Ron Paul introduced H.R. 1207, the Federal Reserve Transparency Act of 2009, on February 26, 2009. HR 1207 was sponsored and introduced by Rep. Ron Paul. On February 26, 2009, it was referred to the House Committee on Financial Services. It now has 179 co-sponsors (see the list of sponsors below).

If passed, the bill will force the Fed to give a public accounting of the trillions of taxpayer “loans” handed over to the banksters. It will force Congress to audit the Fed and this will force out into the light of day the Fed practice of inflating the currency for the gain of a small number of international bankers. It will reveal the bankster practice of engineering financial crises and depressions — or scientifically created, as Congressman Charles A. Lindberg Sr. said after the Federal Reserve Act was passed in the dead of night — in order to consolidate illicit gains and eliminate competition (as the bankers are monopoly men).

On March 25, 2009, H.R. 1207 had 44 co-sponsors. “We’re making great progress because a lot of you have helped encourage your member of Congress to co-sponsor the bill,” Ron Paul said. “And to me, this is very, very important that we do this. The atmosphere in the Congress has definitely changed. It’s changed with their attitude about the Federal Reserve System, but overall there’s a tremendous push by the American people for the Congress to wake up and have more transparency… I have argued, of course, that we don’t need the Federal Reserve. It’s not part of our constitution and we should get rid of it, but it doesn’t happen that way. But if we get the audit and get the books open, make them answer the questions, I am convinced that the American people will be so outraged that then we will have reform of the monetary system.”

Imagine Ben Bernanke, shorn of his arrogance, dragged before Congress and compelled to answer questions. In the not too distant past, this prospect was a remote dream, but now, thanks to Ron Paul and all the people who have insisted their representatives support this bill, it may become law.



Ron Paul gives an update on HR 1207 on April 27, 2009

Here is the list of co-sponsors as of May 22, 2009:

Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Young, Don [AK] - 3/6/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep Heller, Dean [NV-2] - 3/6/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Carter, John R. [TX-31] - 3/31/2009
Rep Capito, Shelley Moore [WV-2] - 4/1/2009
Rep Wittman, Robert J. [VA-1] - 4/1/2009
Rep Fallin, Mary [OK-5] - 4/2/2009
Rep Smith, Lamar [TX-21] - 4/2/2009
Rep Westmoreland, Lynn A. [GA-3] - 4/2/2009
Rep Lucas, Frank D. [OK-3] - 4/21/2009
Rep Lamborn, Doug [CO-5] - 4/21/2009
Rep Ehlers, Vernon J. [MI-3] - 4/21/2009
Rep Bilbray, Brian P. [CA-50] - 4/21/2009
Rep Pence, Mike [IN-6] - 4/21/2009
Rep Manzullo, Donald A. [IL-16] - 4/21/2009
Rep McCaul, Michael T. [TX-10] - 4/21/2009
Rep Cole, Tom [OK-4] - 4/21/2009
Rep Roe, David P. [TN-1] - 4/21/2009
Rep Herger, Wally [CA-2] - 4/21/2009
Rep Bishop, Rob [UT-1] - 4/21/2009
Rep Baldwin, Tammy [WI-2] - 4/21/2009
Rep Olson, Pete [TX-22] - 4/21/2009
Rep Latham, Tom [IA-4] - 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] - 4/21/2009
Rep Doggett, Lloyd [TX-25] - 4/21/2009
Rep Rooney, Thomas J. [FL-16] - 4/22/2009
Rep Massa, Eric J. J. [NY-29] - 4/22/2009
Rep Johnson, Sam [TX-3] - 4/22/2009
Rep Thompson, Glenn [PA-5] - 4/22/2009
Rep Brady, Kevin [TX-8] - 4/22/2009
Rep Smith, Adam [WA-9] - 4/22/2009
Rep Shimkus, John [IL-19] - 4/22/2009
Rep Graves, Sam [MO-6] - 4/22/2009
Rep Jenkins, Lynn [KS-2] - 4/23/2009
Rep Gohmert, Louie [TX-1] - 4/23/2009
Rep Inglis, Bob [SC-4] - 4/23/2009
Rep Kaptur, Marcy [OH-9] - 4/23/2009
Rep Johnson, Timothy V. [IL-15] - 4/23/2009
Rep Brown, Henry E., Jr. [SC-1] - 4/28/2009
Rep Biggert, Judy [IL-13] - 4/28/2009
Rep Pitts, Joseph R. [PA-16] - 4/28/2009
Rep Tiahrt, Todd [KS-4] - 4/28/2009
Rep Myrick, Sue Wilkins [NC-9] - 4/28/2009
Rep Putnam, Adam H. [FL-12] - 4/28/2009
Rep LaTourette, Steven C. [OH-14] - 4/28/2009
Rep Tiberi, Patrick J. [OH-12] - 4/28/2009
Rep Ros-Lehtinen, Ileana [FL-18] - 4/28/2009
Rep Hoekstra, Peter [MI-2] - 4/28/2009
Rep Miller, Candice S. [MI-10] - 4/28/2009
Rep Granger, Kay [TX-12] - 4/28/2009
Rep Simpson, Michael K. [ID-2] - 4/28/2009
Rep Barrett, J. Gresham [SC-3] - 4/28/2009
Rep Goodlatte, Bob [VA-6] - 4/28/2009
Rep Smith, Adrian [NE-3] - 4/28/2009
Rep Wilson, Joe [SC-2] - 4/29/2009
Rep Hall, Ralph M. [TX-4] - 4/29/2009
Rep Kline, John [MN-2] - 4/29/2009
Rep Bono Mack, Mary [CA-45] - 4/29/2009
Rep Murphy, Tim [PA-18] - 4/29/2009
Rep Calvert, Ken [CA-44] - 4/29/2009
Rep McDermott, Jim [WA-7] - 4/29/2009
Rep Upton, Fred [MI-6] - 4/29/2009
Rep Bachus, Spencer [AL-6] - 4/29/2009
Rep Buyer, Steve [IN-4] - 4/30/2009
Rep Neugebauer, Randy [TX-19] - 4/30/2009
Rep McHenry, Patrick T. [NC-10] - 4/30/2009
Rep McCarthy, Kevin [CA-22] - 5/4/2009
Rep Barton, Joe [TX-6] - 5/4/2009
Rep Hensarling, Jeb [TX-5] - 5/4/2009
Rep McMorris Rodgers, Cathy [WA-5] - 5/4/2009
Rep Bilirakis, Gus M. [FL-9] - 5/4/2009
Rep Moran, Jerry [KS-1] - 5/4/2009
Rep Cassidy, Bill [LA-6] - 5/4/2009
Rep Walden, Greg [OR-2] - 5/4/2009
Rep Crenshaw, Ander [FL-4] - 5/4/2009
Rep Campbell, John [CA-48] - 5/4/2009
Rep LoBiondo, Frank A. [NJ-2] - 5/4/2009
Rep McHugh, John M. [NY-23] - 5/4/2009
Rep Schakowsky, Janice D. [IL-9] - 5/6/2009
Rep Linder, John [GA-7] - 5/6/2009
Rep Aderholt, Robert B. [AL-4] - 5/6/2009
Rep Davis, Geoff [KY-4] - 5/6/2009
Rep Dent, Charles W. [PA-15] - 5/6/2009
Rep Radanovich, George [CA-19] - 5/6/2009
Rep Schock, Aaron [IL-18] - 5/6/2009
Rep Herseth Sandlin, Stephanie [SD] - 5/6/2009
Rep Austria, Steve [OH-7] - 5/6/2009
Rep Adler, John H. [NJ-3] - 5/6/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] - 5/7/2009
Rep Lungren, Daniel E. [CA-3] - 5/7/2009
Rep Walz, Timothy J. [MN-1] - 5/7/2009
Rep Shuster, Bill [PA-9] - 5/7/2009
Rep Michaud, Michael H. [ME-2] - 5/7/2009
Rep Conaway, K. Michael [TX-11] - 5/7/2009
Rep Shadegg, John B. [AZ-3] - 5/7/2009
Rep Boozman, John [AR-3] - 5/7/2009
Rep Guthrie, Brett [KY-2] - 5/7/2009
Rep Flake, Jeff [AZ-6] - 5/11/2009
Rep Hastings, Doc [WA-4] - 5/11/2009
Rep Lance, Leonard [NJ-7] - 5/11/2009
Rep Gerlach, Jim [PA-6] - 5/11/2009
Rep Harper, Gregg [MS-3] - 5/11/2009
Rep Hare, Phil [IL-17] - 5/11/2009
Rep Royce, Edward R. [CA-40] - 5/12/2009
Rep Fortenberry, Jeff [NE-1] - 5/12/2009
Rep Mack, Connie [FL-14] - 5/12/2009
Rep Barrow, John [GA-12] - 5/12/2009
Rep Mica, John L. [FL-7] - 5/12/2009
Rep Maffei, Daniel B. [NY-25] - 5/12/2009
Rep Inslee, Jay [WA-1] - 5/12/2009
Rep Rogers, Mike D. [AL-3] - 5/13/2009
Rep Minnick, Walter [ID-1] - 5/13/2009
Rep Boustany, Charles W., Jr. [LA-7] - 5/13/2009
Rep Turner, Michael R. [OH-3] - 5/13/2009
Rep Hunter, Duncan D. [CA-52] - 5/13/2009
Rep Perriello, Thomas S.P. [VA-5] - 5/13/2009
Rep Ortiz, Solomon P. [TX-27] - 5/14/2009
Rep Ryan, Paul [WI-1] - 5/14/2009
Rep Whitfield, Ed [KY-1] - 5/14/2009
Rep Pastor, Ed [AZ-4] - 5/20/2009
Rep Brown-Waite, Ginny [FL-5] - 5/20/2009
Rep Altmire, Jason [PA-4] - 5/20/2009
Rep Latta, Robert E. [OH-5] - 5/20/2009
Rep Reichert, David G. [WA-8] - 5/20/2009
Rep Rogers, Mike J. [MI-8] - 5/20/2009
Rep Berry, Marion [AR-1] - 5/20/2009
Rep Schauer, Mark H. [MI-7] - 5/20/2009
Rep Scalise, Steve [LA-1] - 5/20/2009
Rep Forbes, J. Randy [VA-4] - 5/20/2009
Rep Ross, Mike [AR-4] - 5/21/2009
Rep Berkley, Shelley [NV-1] - 5/21/2009
Rep Welch, Peter [VT] - 5/21/2009
Rep Thornberry, Mac [TX-13] - 5/21/2009


List of Dead ScientistsSteve Quayle  August 20, 2009

 Died 2009

#87



Wallace L. Pannier, 81. Died Aug. 6, of respiratory failure and other natural causes. Pannier, a germ warfare scientist whose top-secret projects included a mock attack on the New York subway with powdered bacteria in 1966. Mr. Pannier worked at Fort Detrick, a US Army installation in Frederick that tested biological weapons during the Cold War and is now a center for biodefense research. He worked in the Special Operations Division, a secretive unit operating there from 1949 to 1969, according to family members and published reports. The unit developed and tested delivery systems for deadly agents such as anthrax and smallpox.

#86



August “Gus” Watanabe, 67. Died June 9, found dead outside a cabin in Brown County. Friends discovered the body, a .38-caliber handgun and a three-page note at the scene. They said he had been depressed following the death last month of his daughter Nan Reiko Watanabe Lewis. She died at age 44 while recovering from elective surgery. Watanabe was one of the five highest-paid officers of Indianapolis pharmaceutical maker Eli Lilly and Co. when he retired in 2003.
#85



Caroline Coffey, 28. Died June 3, from massive cuts to her throat. Hikers found the body of the Cornell Univ. post-doctoral bio-medicine researcher along a wooded trail in the park, just outside Ithaca, N.Y., where the Ivy League school is located. Her husband was hospitalized under guard after a police chase and their apartment set on fire.



Died 2008

#83 & 84



Laurent Bonomo and Gabriel Ferez, both 23. Died July 3, after being bound, gagged, stabbed and set alight. Laurent, a student in the proteins that cause infectious disease, had been stabbed 196 times with half of them being administered to his back after he was dead. Gabriel, who hoped to become an expert in ecofriendly fuels, suffered 47 separate injuries.
Died 2007
#82



Yongsheng Li, age 29. Died: sometime after 4 p.m. on March 10, when he was last seen as a result of unknown causes. He was found in a pond between the Women’s Sports Complex and State Botanical Gardens on South Milledge Avenue Sunday and had been missing 16 days. Li was a doctoral student from China who studied receptor cells in Regents Professor David Puett’s biochemistry and molecular biology laboratory.
#81:



Dr. Mario Alberto Vargas Olvera, age 52. Died: Oct. 6, 2007 as a result of several blunt-force injuries to his head and neck. Ruled as murder. Found in his home. He was a nationally and internationally recognized biologist.
Died 2006

#80:



Lee Jong-woo, age 61. Died: May 22, 2006 after suffering a blood clot on the brain. Lee was spearheading the organization’s fight against global threats from bird flu, AIDS and other infectious diseases. WHO director-general since 2003, Lee was his country’s top international official. The affable South Korean, who liked to lighten his press conferences with jokes, was a keen sportsman with no history of ill-health, according to officials.
Died 2005

#79: Leonid Strachunsky. Died: June 8, 2005 after being hit on the head with a champagne bottle. Strachunsky specialized in creating microbes resistant to biological weapons. Strachunsky was found dead in his hotel room in Moscow, where hed come from Smolensk en route to the United States. Investigators are looking for a connection between the murder of this leading bio weapons researcher and the hepatitis outbreak in Tver, Russia.

#78:



Robert J. Lull, age 66. Died: May 19, 2005 of multiple stab wounds. Despite his missing car and apparent credit card theft, homicide Inspector Holly Pera said investigators aren’t convinced that robbery was the sole motive for Lull’s killing. She said a robber would typically have taken more valuables from Lull’s home than what the killer left with. Lull had been chief of nuclear medicine at San Francisco General Hospital since 1990 and served as a radiology professor at UCSF. He was past president of the American College of Nuclear Physicians and the San Francisco Medical Society and served as editor of the medical society’s journal, San Francisco Medicine, from 1997 to 1999. Lee Lull said her former husband was a proponent of nuclear power and loved to debate his political positions with others.

#77: Todd Kauppila, age 41. Died: May 8, 2005 of hemorrhagic pancreatitis at the Los Alamos hospital, according to the state medical examiner’s office.  Picture of him was not available to due secret nature of his work. This is his funeral picture.  His death came two days after Kauppila publicly rejoiced over news that the lab’s director was leaving.  Kauppila was fired by director Pete Nanos on Sept. 23, 2004 following a security scandal.  Kauppila said he was fired because he did not immediately return from a family vacation during a lab investigation into two classified computer disks that were thought to be missing. The apparent security breach forced Nanos to shut down the lab for several weeks. Kauppila claimed he was made a scapegoat over the disks, which investigators concluded never existed. The mistake was blamed on a clerical error.  After he was fired, Kauppila accepted a job as a contractor at Bechtel Nevada Corp., a research company that works with Los Alamos and other national laboratories. He was also working on a new Scatter Reduction Grids in Megavolt Radiography focused on metal plates or crossed grids to act to stop the scattered radiation while allowing the unscattered or direct rays to pass through with other scientists: Scott Watson (LANL, DX-3), Chuck Lebeda (LANL, XTA),  Alan Tubb (LANL, DX-8), and Mike Appleby (Tecomet Thermo Electron Corp.)

#76:



David Banks, age 55. Died: May 8, 2005. Banks, based in North Queensland, died in an airplane crash, along with 14 others. He was known as an Agro Genius inventing the mosquito trap used for cattle. Banks was the principal scientist with quarantine authority, Biosecurity Australia, and heavily involved in protecting Australians from unwanted diseases and pests. Most of Dr Banks’ work involved preventing potentially devastating diseases making their way into Australia. He had been through Indonesia looking at the potential for foot and mouth disease to spread through the archipelago and into Australia. Other diseases he had fought to keep out of Australian livestock herds and fruit orchards include classical swine fever, Nipah virus and Japanese encephalitis.

#75:



Dr. Douglas James Passaro, age 43. Died April 18, 2005 from unknown cause in Oak Park, Illinois. Dr. Passaro was a brilliant epidemiologist who wanted to unlock the secrets of a spiral-shaped bacteria that causes stomach disease. He was a professor who challenged his students with real-life exercises in bioterrorism. He was married to Dr. Sherry Nordstrom..

#74:



Geetha Angara, age 43. Died: February 8, 2005. This formerly missing chemist was found in a Totowa, New Jersey water treatment plant’s tank. Angara, 43, of Holmdel, was last seen on the night of Feb. 8 doing water quality tests at the Passaic Valley Water Commission plant in Totowa, where she worked for 12 years. Divers found her body in a 35-foot-deep sump opening at the bottom of one of the emptied tanks. Investigators are treating Angara’s death as a possible homicide. Angara, a senior chemist with a doctorate from New York University, was married and mother of three.

#73:



Jeong H. Im, age 72. Died: January 7, 2005. Korean Jeong H. Im, died of multiple stab wounds to the chest before firefighters found in his body in the trunk of a burning car on the third level of the Maryland Avenue Garage.  A retired research assistant professor at the University of Missouri – Columbia and primarily a protein chemist, MUPD with the assistance of the Columbia Police Department and Columbia Fire Department are conducting a death investigation of the incident. A “person of interest” described as a male 6′–6′2″ wearing some type of mask possible a painters mask or drywall type mask was seen in the area of the Maryland Avenue Garage. Dr. Im was primarily a protein chemist and he was a researcher in the field.
Died in 2004

#72:



Darwin Kenneth Vest, born April 22, 1951, was an internationally renowned entomologist, expert on hobo spiders and other poisonous spiders and snakes. Darwin disappeared in the early morning hours of June 3, 1999 while walking in downtown Idaho Falls, Idaho (USA). The family believes foul play was involved in his disappearance. A celebration of Darwin’s life was held in Idaho Falls and Moscow on the one-year anniversary of his disappearance. The services included displays of Darwin’s work and thank you letters from school children and teachers. Memories of Darwin were shared by at least a dozen speakers from around the world and concluded with the placing of roses and a memorial wreath in the Snake River. A candlelight vigil was also held that evening on the banks of the Snake River.

Darwin was declared legally dead the first week of March 2004 and now the family is in the process of obtaining restraining orders against several companies who saw fit to use his name and photos without permission. His brother David is legal conservator of the estate and his sister Rebecca is handling issues related to Eagle Rock Research and ongoing research projects.

Media help in locating Darwin is welcome. Continuing efforts to solve this mystery include recent DNA sampling. Stories about his disappearance continue to appear throughout the world. Issues surrounding missing adult investigations have received new attention following the tragedies of 911.
#s70-71:



Tom Thorne, age 64; Beth Williams, age 53; Died: December 29, 2004. Two wild life scientists, Husband-and-wife wildlife veterinarians who were nationally prominent experts on chronic wasting disease and brucellosis were killed in a snowy-weather crash on U.S. 287 in northern Colorado.
#69:



Taleb Ibrahim al-Daher. Died: December 21, 2004. Iraqi nuclear scientist was shot dead north of Baghdad by unknown gunmen. He was on his way to work at Diyala University when armed men opened fire on his car as it was crossing a bridge in Baqouba, 57 km northeast of Baghdad. The vehicle swerved off the bridge and fell into the Khrisan river. Al-Daher, who was a professor at the local university, was removed from the submerged car and rushed to Baqouba hospital where he was pronounced dead.

#68:



John R. La Montagne, age 61. Died: November 2, 2004. Died while in Mexico, no cause stated, later disclosed as pulmonary embolism.  PhD, Head of US Infectious Diseases unit under Tommie Thompson.  Was NIAID Deputy Director.  Expert in AIDS Program work and Microbiology and Infectious Diseases.

#67: Matthew Allison, age 32.  Died: October 13, 2004. Fatal explosion of a car parked at an Osceola County, Fla., Wal-Mart store.  It was no accident, Local 6 News has learned. Found inside a burned car. Witnesses said the man left the store at about 11 p.m. and entered his Ford Taurus car when it exploded. Investigators said they found a Duraflame log and propane canisters on the front passenger’s seat.  Allison had a college degree in molecular biology and biotechnology.

#66: Mohammed Toki Hussein al-Talakani, age 40. Died: September 5, 2004: Iraqi nuclear scientist was shot dead in Mahmudiya, south of Baghdad. He was a practicing nuclear physicist since 1984.

#65: Professor John Clark,  Age 52, Died: August 12, 2004. Found hanged in his holiday home.  An expert in animal science and biotechnology where he developed techniques for the genetic modification of livestock; this work paved the way for the birth, in 1996, of Dolly the sheep, the first animal to have been cloned from an adult.  Head of the science lab which created Dolly the sheep.   Prof Clark led the Roslin Institute in Midlothian, one of the world s leading animal biotechnology research centers. He played a crucial role in creating the transgenic sheep that earned the institute worldwide fame. He was put in charge of a project to produce human proteins (which could be used in the treatment of human diseases) in sheep’s milk. Clark and his team focused their study on the production of the alpha-I-antitryps in protein, which is used for treatment of cystic fibrosis. Prof Clark also founded three spin-out firms from Roslin – PPL Therapeutics, Rosgen and Roslin BioMed.

#64:



Dr. John Badwey, age 54. Died: July 21, 2004. Scientist and accidental politician when he opposed disposal of sewage waste program of exposing humans to sludge.  Suddenly developed pneumonia like symptoms then died in two weeks.  Biochemist at Harvard Medical School specializing in infectious diseases.

#63: Dr. Bassem al-Mudares.  Died: July 21, 2004. Mutilated body was found in the city of Samarra, Iraq*. He was a Phd. chemist and had been tortured before being killed. He was a drug company worker who had a chemistry doctorate.
#62:



Professor Stephen Tabet, age 42. Died on July 6, 2004 from an unknown illness. He was an associate professor and epidemiologist at the University of Washington. A world-renowned HIV doctor and researcher who worked with HIV patients in a vaccine clinical trial for the HIV Vaccine Trials Network

#61: Dr. Larry Bustard, age 53. Died July 2, 2004 from unknown causes. He was a Sandia scientist in the Department of Energy who helped develop a foam spray to clean up congressional buildings and media sites during the anthrax scare in 2001. He worked at Sandia National Laboratories in Albuquerque. As an expert in bioterrorism, his team came up with a new technology used against biological and chemical agents.

#60:



Edward Hoffman, age 62. Died July 1, 2004 from unknown causes. Hoffman was a professor and a scientist who also held leadership positions within the UCLA medical community. He worked to develop the first human PET scanner in 1973 at Washington University in St. Louis.

#59:



John Mullen, age 67. Died: June 29, 2004. A Nuclear physicist poisoned with a huge dose of arsenic.  A nuclear research scientist with McDonnell Douglas. Police investigating will not say how Mullen was exposed to the arsenic or where it came from. At the time of his death he was doing contract work for Boeing.

#58: Dr. Paul Norman, age 52. Died: June 27, 2004. From Salisbury Wiltshire.  Killed when the single-engine Cessna 206 he was piloting crashed in Devon.  Expert in chemical and biological weapons. He traveled the world lecturing on defending against the scourge of weapons of mass destruction.  He was married with a 14-year-old son and a 20-year-old daughter, and was the chief scientist for chemical and biological defense at the Ministry of Defense’s laboratory at Porton Down, Wiltshire. The crash site was examined by officials from the Air Accidents Investigation Branch and the wreckage of the aircraft was removed from the site to the AAIB base at Farnborough.

#57:



Dr. Assefa Tulu, age 45. Died: June 24, 2004. Dr. Tulu joined the health department in 1997 and served for five years as the county’s lone epidemiologist. He was charged with trackcing the health of the county, including the spread of diseases, such as syphilis, AIDS and measles. He also designed a system for detecting a bioterrorism attack involving viruses or bacterial agents. Tulu often coordinated efforts to address major health concerns in Dallas County, such as the West Nile virus outbreaks of the past few years, and worked with the media to inform the public. Found face down, dead in his office. The Dallas County Epidemiologist died of a hemorrhagic stroke.

#56:



Thomas Gold, age 84. Died: June 22, 2004. Austrian born Thomas Gold famous over the years for a variety of bold theories that flout conventional wisdom and reported in his 1998 book, “The Deep Hot Biosphere,” the idea challenges the accepted wisdom of how oil and natural gas are formed and, along the way, proposes a new theory of the beginnings of life on Earth and potentially on other planets.  Long term battle with heart failure. Gold’s theory of the deep hot biosphere holds important ramifications for the possibility of life on other planets, including seemingly inhospitable planets within our own solar system. He was Professor Emeritus of Astronomy at Cornell University and was the founder (and for 20 years director) of Cornell Center for Radiophysics and Space Research. He was also involved in air accident investigations.

#55: Antonina Presnyakova, age 46. Died:  May 25, 2004. A Russian scientist at a former Soviet biological weapons laboratory in Siberia died after an accident with a needle laced with ebola. Scientists and officials said the accident had raised concerns about safety and secrecy at the State Research Center of Virology and Biotechnology, known as Vector, which in Soviet times specialized in turning deadly viruses into biological weapons. Vector has been a leading recipient of aid in an American program.

#54:



Dr. Eugene Mallove, age 56. Died: May 14, 2004. Autopsy confirmed Mallove died as a result of several blunt-force injuries to his head and neck. Ruled as murder. Found at the end of his driveway. Alt. Energy Expert who was working on viable energy alternative program and announcement. Norwich Free Academy graduate.Beaten to death during an alleged robbery. Mallove was well respected for his knowledge of cold fusion. He had just published an “open letter” outlining the results of and reasons for his last 15 years in the field of “new energy research.” Dr. Mallove was convinced it was only a matter of months before the world would actually see a free energy device.

#53: William T. McGuire, age 39. Found May 5, 2004, last seen late April 2004. Body found in three suitcases floating in Chesapeake Bay. He was NJ University Professor and Senior programmer analyst and adjunct professor at the New Jersey Institute of Technology in Newark. He emerged as one of the world’s leading microbiologists and an expert in developing and overseeing multiple levels of biocontainment facilities.

#52: Ilsley Ingram, age 84. Died on April 12, 2004 from unknown causes. Ingram was Director of the Supraregional Haemophilia Reference Centre and the Supraregional Centre for the Diagnosis of Bleeding Disorders at the St. Thomas Hospital in London. Although his age is most likely the reason for his death, why wasn’t this confirmed by the family in the news media?

#51: Mohammed Munim al-Izmerly, Died: April 2004. This distinguished Iraqi chemistry professor   died in American custody from a sudden hit to the back of his head caused by blunt trauma. It was uncertain exactly how he died, but someone had hit him from behind, possibly with a bar or a pistol. His battered corpse turned up at Baghdad’s morgue and the cause of death was initially recorded as “brainstem compression”. It was discovered that US doctors had made a 20cm incision in his skull.

#50: Vadake Srinivasan, Died: March 13, 2004. Microbiologist crashed car into guard rail in Baton Rouge, LA.  Death was ruled a stroke. He was originally from India, was one of the most-accomplished and respected industrial biologists in academia, and held two doctorate degrees.

#49: Dr. Michael Patrick Kiley, age 62. Died: January 24, 2004. Died of massive heart attack. Ebola, Mad Cow Expert, top of the line world class. It is interesting to note, he had a good heart, but it “gave out”. Dr. Shope and Dr. Kiley were working on the lab upgrade to BSL 4 at the UTMB Galvaston lab for Homeland Security. The lab would have to be secure to house some of the deadliest pathogens of tropical and emerging infectious disease as well as bioweaponized ones.

#48:



Robert Shope, age 74. Died: January 23, 2004. Virus Expert Who Warned of Epidemics, Dies died of lung transplant complications.  Later purported to have died of Idiopathic Pulmonary Fibrosis which can be caused by either environmental stimulus or a VIRUS.  It would not be hard to administer a drug that would cause Dr. Shope’s lung transplant to either be rejected or to cause complications from the transplant. Dr. Shope led the group of scientists who had an 11 MILLION dollar fed grant to ensure the new lab would keep in the nasty bugs. Dr. Shope also met with and worked with Dr. Mike Kiley on the UTMB Galveston lab upgrade to BSL 4. When the upgrade would be complete the lab will host the most hazardous pathogens known to man especially tropical and emerging diseases as well as bioweapons.

#47: Dr Richard Stevens, age 54. Died: January 6, 2004. He had disappeared after arriving for work on 21 July, 2003. A doctor whose disappearance sparked a national manhunt, killed himself because he could not cope with the stress of a secret affair, a coroner has ruled. He was a hematologist. (hematologists analyze the cellular composition of blood and blood producing tissues e.g. bone marrow).

Government “Template” for Mass Vaccination
Kurt Nimmo
InfowarsApril 27, 2009 It’s called “ring vaccination” or “traced vaccination” — a round ‘em up and vaccinate program forced on the population by the government. DHS and FEMA have plans in place to accomplish this, as
D. H. Williams wrote for the Daily Newscaster in February. An Indiana county municipal official in the vicinity of Chicago revealed a plan to “vaccinate the entire population within 48 hours” as part of a Hazard Mitigation Plan.

Read the Regional Counter Terrorism Task Forces document on "POD" mass vaccination (PDF). In 2006, a pastor came forward and told Alex Jones about a nationwide FEMA program designed to train religious leaders on how to pacify their flocks in the event of a national crisis. In addition to a declaration of martial law, property and firearm seizures, and forced relocation, the FEMA program envisions mass vaccinations. “In the event of an outbreak or a bio-terrorist attack, there’d be a mass vaccination… they have a program nationwide ‘Pills in People’s Palm In 48 Hours’,” an anonymous pastor told Jones.

In 2004, the Kansas Department of Health and Environment, along with ten county health departments, organized a series of exercises designed to assist local health department officials to exercise plans to mass vaccinate entire communities. It was dubbed “Flu-X” and it encouraged participants to get a flu shot.

Now we have a “template” to be used for mass vaccination. In a document released by the Regional Counter Terrorism Task Forces, “specific dispensing site operational plans and standard operating procedures” for mass vaccination are put forward:

The dispensing of medications/vaccine is a core function of the Strategic National Stockpile (SNS) plan and preparedness. It is the most complex and challenging of all the functions since large numbers of persons must be provided medication/vaccine in just a few days when an event occurs. The key to survival for most people is to provide antibiotics/vaccine as soon as possible and/or before an individual begins to show any clinical symptoms. This plan describes the dispensing of medications to a large number of people for prophylaxis of asymptomatic individuals as well as treatment of symptomatic persons.
The SNS is the United States’ national repository of antibiotics, chemical antidotes, antitoxins, and who knows what else. It is jointly run by the Centers for Disease Control and Prevention and the Department of Homeland Security.
Homeland Security Secretary Janet Napolitano mentioned the SNS stockpile when she declared the so-called Mexican swine flu outbreak a public health emergency.
An Indiana county municipal official in the vicinity of Chicago reveals plan to “vaccinate the entire population within 48 hours” as part of a Hazard Mitigation Plan.

Swine flu spreads to Middle East, Asia-Pacific Buzz Up
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Play Video ABC News  – Ground Zero for Swine Flu Slideshow:Swine Flu
Play Video Video:Global swine flu cases close to pandemic levels AP
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AP – Residents are seen at the US-Mexico border crossing in Tijuana, Mexico, Monday, April 27, 2009. President … By ANDREW O. SELSKY, Associated Press Writer Andrew O. Selsky, Associated Press Writer11 mins ago MEXICO CITY – The swine flu epidemic crossed new borders Tuesday with the first cases confirmed in the Middle East and the Asia-Pacific region, as world health officials said they suspect American patients may have transmitted the virus to others in the U.S.

Most people confirmed with the new swine flu were infected in Mexico, where the number of deaths blamed on the virus has surpassed 150.

But confirmation that people have been infecting others in locations outside Mexico would indicate that the disease was spreading beyond travelers returning from Mexico, World Health Organization spokesman Gregory Hartl told reporters on Tuesday in Geneva.

Hartl said the source of some infections in the United States, Canada and Britain was unclear.

Hartl said WHO was waiting for U.S. authorities to announce that a number of students at a New York high school have passed the virus on to one another after their return from a spring vacation in Mexico. "I think we might have one other instance in the U.S.," he said.

Pressed by reporters to elaborate, he declined, saying it was up to U.S. authorities to provide further information.

Possible scenarios include students getting infected who did not travel to Mexico, or students who traveled there but became infected only after returning to the United States, or family members getting infected from returning students.

WHO calls this "community transmission" and says it's a key test for gauging whether the spread of the virus has reached pandemic proportions. The swine flu has already spread to at least six countries besides Mexico, prompting WHO officials to raise its alert level on Monday.

"At this time, containment is not a feasible option," said Keiji Fukuda, assistant director-general of the World Health Organization.

New Zealand reported Tuesday that 11 people who recently returned from Mexico contracted the virus. Tests conducted at a WHO laboratory in Australia had confirmed three cases of swine flu among 11 members of the group who were showing symptoms, New Zealand Health Minister Tony Ryall said.

Officials decided that was evidence enough to assume the whole group was infected, he said.

Israel's Health Ministry confirmed Tuesday the region's first swine flu case in the city of Netanya. The patient, 26, recently returned from Mexico and had contracted it. A hospital official said the patient had recovered, but will remain hospitalized until the health ministry approves his release.

Another suspected case has been tested at another Israeli hospital but results are not in, the ministry said.

Meanwhile, a second case was confirmed Tuesday in Spain, Health Minister Trinidad Jimenez said, a day after the country reported its first case. The 23-year-old student, one of 26 patients under observation, was not in serious condition, Jimenez said.

With the virus spreading, the U.S. prepared for the worst as President Barack Obama tried to reassure Americans. Obama said the outbreak is "not a cause for alarm," even as the U.S. stepped up checks of people entering the country and warned U.S. citizens to avoid nonessential travel to Mexico.

"We anticipate that there will be confirmed cases in more states as we go through the coming days," Homeland Security Secretary Janet Napolitano said on NBC's "Today" show on Tuesday.

The Food and Drug Administration late Monday issued emergency guidance that allows certain antiviral drugs to be used in a broader range of the population in case mass dosing is needed to deal with a widespread swine flu outbreak.

The European Union health commissioner suggested that Europeans avoid nonessential travel both to Mexico and parts of the United States. Russia, Hong Kong and Taiwan said they would quarantine visitors showing symptoms of the virus.

Mexico, where the number of deaths believed caused by swine flu rose by 50 percent on Monday to 152, is suspected to be ground zero of the outbreak. But Mexican Health Secretary Jose Angel Cordova late Monday said no one knows where the outbreak began, and implied it may have started in the U.S.

"I think it is very risky to say, or want to say, what the point of origin or dissemination of it is, given that there had already been cases reported in southern California and Texas," Cordova told a press conference.

It's still not clear when the first case occurred, making it impossible thus far to determine where the breakout started.

Dr. Nancy Cox of the Atlanta-based Centers for Disease Control and Prevention has said she believes the earliest onset of swine flu in the U.S. was on March 28. Cordova said a sample taken from a 4-year-old boy in Mexico's Veracruz state in early April tested positive for swine flu. However, it is not known when the boy, who later recovered, became infected.

WHO raised the alert level to Phase 4, meaning there is sustained human-to-human transmission of the virus causing outbreaks in at least one country. Monday was the first time it has ever been raised above Phase 3.

Putting an alert at Phases 4 or 5 signals that the virus is becoming increasingly adept at spreading among humans. Phase 6 is for a full-blown pandemic, characterized by outbreaks in at least two regions of the world.

Fifty cases — none fatal and most of them mild — were confirmed in the United States. Including the New Zealand, Israeli and new Spanish reports, there were 92 confirmed cases worldwide on Tuesday. That included six in Canada, one in Spain and two in Scotland.

Amid the alarm, there was a spot of good news. The number of new cases reported by Mexico's largest government hospitals has been declining the past three days, Cordova said, from 141 on Saturday to 119 on Sunday and 110 Monday.

Symptoms include a fever of more than 100, coughing, joint aches, severe headache and, in some cases, vomiting and diarrhea. Many victims have been in their 30s and 40s — not the very old or young who typically succumb to the flu.

So far, no deaths from the new virus have been reported outside Mexico.

It could take four to six months before the first batch of vaccines are available, WHO said. Some antiflu drugs do work once someone is sick.

The best way to keep the disease from spreading, the CDC's acting director, Richard Besser, said, is by taking everyday precautions such as frequent handwashing, covering up coughs and sneezes, and staying away from work or school if not feeling well.

Flu deaths are nothing new in the United States. The CDC estimates that about 36,000 people died of flu-related causes each year, on average, during the 1990s in the United States. But the new flu strain is a combination of pig, bird and human viruses that humans may have no natural immunity to.

World stock markets fell Tuesday as investors worried that any swine flu pandemic could derail a global economic recovery.

__

AP writers Mark Stevenson in Mexico City, Mike Stobbe in Atlanta, Ray Lilley in Wellington, New Zealand, Aron Heller in Jerusalem and Pan Pylas in London contributed to this report.

Multinational forces storm Mayport beach for drills The surprise scene at the shore startled beachgoers, but readied the troops. By Timothy J. Gibbons
Story updated at 3:44 AM on Sunday, Apr. 26, 2009
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Photo 1 of 4 JOHN PEMBERTON/The Times-Union
A man looks up from sunbathing Saturday on Mayport beach to snap some ground-level photos of the Marines that landed by amphibious craft during exercises that involved eight countries. JOHN PEMBERTON Photo 2 of 4
JOHN PEMBERTON/The Times-Union
Canadian fighters get a warm welcome Saturday from some Brazilians on Mayport's beach, which was stormed by combined multinational forces as part of military exercises. "We are better for these exercises," said Maj. Gen. James Williams. JOHN PEMBERTON Photo 3 of 4
JOHN PEMBERTON Photo 4 of 4 JOHN PEMBERTON photo_rotation() //photo_rotation shows photos with no effect between photos // new_photo_rotation() //Must have jtabber turned on a couple lines up - makes images fade but also makes rest of page fade infographic_rotation() photovideo_load() photovideo_toggle() OAS_AD('Position3'); Sailors and Marines along the beach at Mayport began moving the crowd away from the water Saturday afternoon as the amphibious assault vehicles approached across the waves.

"Everybody back up!" a sailor shouted. "Keep backing up. Now move back just a little more."

Moments later, the vehicles - looking like the offspring of a submarine and a tank - burst through the surf, surging forward as their treads bit into the sand.

The hydraulic brakes slammed into action, and the rear of the vehicles opened, disgorging more than 100 troops from eight countries.

"Left, go left!" shouted a U.S. Marine. "Shape up over there!"

Overhead, a brace of helicopters rented the sky.

The assault on the beach at Mayport Naval Station was part of the Marine's Partnership of the Americas exercise, held in conjunction with the Navy's Unitas exercise.

"It's really a learning environment for everybody," said Col. Jay Huston, commanding officer of the task force doing the exercise.

During the past week, the troops - Marines from the U.S. and six countries in Central and South America, as well as soldiers from Canada - worked together at Camp Blanding, fast-roping out of helicopters, firing weapons and sharing tactics.

They jelled quickly.

"The only difference in identity" said Lt. Col. Jorge Garcia of Colombia, "is in the color of the uniforms. We have the same objectives."

That was evident on the amphibious transport dock ships the troops boarded in the past few days: Throughout the USS Mesa Verde, for example, gaggles of marines from Chile conversed with those from Peru and troops from Colombia shared war stories with those from the United States.

That type of interaction is vital considering that multinational forces operating in the region need to cooperate in the field.

"We are better for these exercises," said Maj. Gen. James Williams. "At the end of the day, you can't do that sort of thing unless you figure it out in advance."

For the vast majority of U.S. Marines, Saturday's exercise was the first time they'd experienced an amphibious assault.

That made riding in the assault vehicles - which plow along beneath the water until approaching the beach - an experience.

"It was pretty great," said Petty Officer 2nd Class Rene Quintero, a medic working with the Marines. "When we hit the surf, it just jumped up."

The entire exercise, Quintero said, brought the troops from all the nations together. "They're true professionals," he said. "We've gathered the best out of all the nations."

A few minutes after those professionals hit the sand around their assault vehicles, the exercise was over. The troops stood, brushed sand from their uniforms and shook hands with one other.

The next mission: An hour-long bus ride back to Camp Blanding. As the men lined up to march over to the vehicle, the crowd applauded.

Evolution classes optional under proposed Alberta law

Education Minister Dave Hancock supports a new bill that would require schools to notify parents in advance about subject matter that deals 'explicitly with religion, sexuality or sexual orientation.' (CBC) A controversial Alberta bill will enshrine into law the rights of parents to pull their children out of classes discussing the topics of evolution and homosexuality.

The new rules, which would require schools to notify parents in advance of "subject-matter that deals explicitly with religion, sexuality or sexual orientation," is buried in a bill that extends human rights to homosexuals. Parents can ask for their child to be excluded from the discussion.

"This government supports a very, very fundamental right and that is parental rights with respect to education," said Premier Ed Stelmach.

Although Stelmach has confirmed the bill will give parents the authority to exclude their kids from classes if the topic of evolution comes up, Education Minister Dave Hancock said it won't change anything.

"With respect to values, religion and sex education have always been areas of concern for parents, and they've always been areas parents have had the right to be notified about and to exempt their students from," Hancock said.

Debate over Alberta's international image Frank Bruseker, the head of the Alberta Teachers' Association, is meeting with Hancock on Monday to raise his concerns.

"If parents don't want that kind of education for their children they have a couple of options," Bruseker said. "One would be home schooling or private school. So for a public school to start excluding based on religious preference, I think is a mistake."

'All they've done is make Alberta look like Northumberland and sound like Arkansas.'— Brian Mason, Alberta NDP leader Bruseker said it would be difficult for teachers to avoid the topic of evolution in science or geography classes.

The proposed legislation has touched off a debate about just what kind of image Alberta's government is trying to create around the world.

NDP Leader Brian Mason likened the bill to Alberta recently using a photo of a British beach in an ad to promote the province.

"This government just spent $25 million of taxpayers money to give Alberta a new image. All they've done is make Alberta look like Northumberland and sound like Arkansas," Mason said.

The new legislation could be passed within a few weeks.


Betrayal of the People By Wall Street, Banks, and Government Text size


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Bob Chapman
The International ForecasterApril 27, 2009 This past January, before the new president was inaugurated, in commemoration of the 30th anniversary of the establishment of diplomatic relations between the US and China, a conference was held by the Chinese People’s Institute of Foreign Affairs and the Kissinger Institute on China. Former President Jimmy Carter, Henry Kissinger, Brent Snowcroft and Zbigniew Brzezinski led the US delegation.

As the charlatan Timmy Geithner tells us, “Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are living through.” No kidding Dick Tracy. Mr. Brzezinski proposed at that conference that a US-China G-2 be formed. He stated a long list of international problems that China could help the US find solutions for, such as the global financial crisis, climate change, North Korean and Iranian nuclear ambitions, tension in India and Pakistan and the Israeli-Palestinian conflict.

Behind Zbig’s proposals are his perpetual efforts to act to the disadvantage of Russia, so that a western power base can be built in Eastern Europe and down into the Middle East and over into West Asia. This is really what Iraq and Afghanistan are all about. He cited China’s rapid growth of the past 20 years and reminded China that it would have taken years longer without the expansion of US-China trade relations. He said there should be interdependence, yet relations still were those of unending US provocation and hostility.

On the other hand Larry Summers, Mr. Obama’s top economic advisor and director of the White House National Economic Council, has proposed a multilateral approach to deal with multilateral global economic problems that would involve a new grouping larger than the Group of Seven richest nations with advanced economies. This, of course, is in opposition to Brzezinski’s approach.

It looks like Summers has the upper hand at the moment, even though Brzezinski brought Mr. Obama to his present position.

China faces 30 million unemployed workers and inflation that will soon be close to 20% again. Demonstrations are widespread and often lead to violence and death. China, like the US and UK is taking the easy way out for the moment, but in time they will suffer hyperinflation and eventually deflationary depression. That will lead to a major challenge of Chinese Communist leadership.

Among that 30 million unemployed are bright college graduates who have been unable to find work for a year and they will be joined by 7 million more in 2009. Government expects 8% GDP growth in 2008 and 2009, and we see 6% at best. That represents a time bomb of civil disorder for the government. That would only produce six million new jobs each year leaving 20 million unemployed rural migrant laborers out of work for two years at least.

At the top of the heap are the party members that make large incomes and have access to large loans that do not really have to be repaid. The income disparity is enormous as are job opportunities. This has not gone unnoticed by the public, which displays simmering anger, particularly regarding massive corruption and illegal farmland seizures by private developers, who pay off party members to circumvent the law. Government believes things will work out fine, but we do not. One important problem is declining consumer spending that has been prevalent for ten years, which portends a slowing economy. High-income citizens invest and do not consume what they could and the poor cannot do anything other than to exist.

Zbigniew Brzezinski’s communist answer is for China to adapt a full employment objective and an income policy financed by sovereign credit in order to fund such a program. We find it of interest that he didn’t recommend using US dollars to finance such a project, but to go into debt to do so. Either that or demand payment for exports in yuan. That would, of course, make the yuan stronger and make Chinese goods for export more expensive, which would cut exports and GDP and put more people out of work.

The communists exercising power as a class of aristocracy want to maintain that position without revolution. They want peaceful rising global influence, but they have to remember how they came to power – by killing over 1 billion of their fellow citizens. The average still sees the blood on their hands. World deflationary depression will bring revolution to China and the destruction of communism; just as the Illuminati’s dream of world government will come to no good end.

The Congressional Budget Office, CBO, sees a fiscal deficit of 13% of GDP in 2009 and 10% in 2010, based on a strong recovery from stimulus and other massive spending. At that rate the ratio of government debt to GDP would be 80% by 2018. As a guideline we cite the eurozone Maastricht guideline of fiscal debt limits of 3% of GDP.

Financial history tells us fiscal and monetary profligacy brings about inflation - in today’s case, hyperinflation. Instead of purging the system and facing the music, governments worldwide are increasing money and credit at an exponential rate and lowering interest rates to zero. The outcome is guaranteed. Do not forget those sterilized ominous increases in commercial bank reserves sitting over at the Fed will be converted into faster money growth at a ratio of 10 to 1. M2 is already up 15% and M3, our original version, at about 18%. Do not think for one second that the Fed will reduce the excessive stock of money and credit. They can’t, because if they do the financial system will collapse.

It should be noted that many prime rated mortgage accounts of big hitters who haven’t made their mortgage payments for several months have not been contacted by their lenders – banks. The reason is upkeep, inventory and real estate taxes – all of which banks will have to assume if they take over the house. That means default rates are much higher than statistics show. These good loans now have a 50% default rate for subprime and ALT-A loans and prime loans will soon reach that level. We are seeing a complete looting of the system before they collapse it. Our corporate structure and are government are being run by crooks.

Regarding the stress test, it is apparent that most major banks won’t pass the test. They are insolvent and will have to be nationalized. It is no wonder the market was manipulated up to 8200 on the Dow, which was in anticipation of such news. This is a dire situation because banks will be forced to adhere to a higher fee structure. Banks will also have to set aside more funds to meet the requirements of the FDIC. The banks have no cushion for such legitimate demands. What are they going to do when the jumbo and prime loan defaults hit 50%?

Wells Fargo, as many others did committed fraud in their earnings statement. Wait until next quarter. They have 41% of their mortgages in California and 50% of their portfolio is in pay-option ARMs, which are entering a bulge period of resets and are widely considered to be the most toxic of the first lien mortgages.

As tax revenue plunges for all government entities, billions in additional debt will have to be funded. That means higher real interest rates.

The spending on unemployment insurance and other safety-net programs is rising exponentially as unemployment gets set to exceed 20%. Who pray tell will buy all this debt? The Fed, of course, as monetization flourishes. It is a nightmare as government spending has risen 33% in just six months.

Sadly and tragically we predicted all this chapter and verse. As the charlatan Timmy Geithner tells us, “Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are living through.” No kidding Dick Tracy. Where were you nine years ago when we predicted all this? This guy is dumber than dumb. If you want to know who is to blame you need not go any further than our Illuminist banks and Wall Street.

Treasuries continue to sit on the 200 DMA and we have auctions for 2, 5 and 7-year paper coming next week. If that line is broken they’ll be lots of selling. If the offerings are larger than expected you can anticipate heavy Fed involvement in the market.

A d v e r t i s e m e n t

Large-scale layoffs rose again in March: 2,933 more mass layoffs of 50 or more workers. This brought the total number of people who lost their jobs in this manner to 299,388, the highest on a record that dates to 1995. Since the recession officially began in December 2007 (it began in February 2007), layoffs now total 31,414 since the start of the recession.

In desperation GM wants to exchange $1 billion in bonds for common stock. If they cannot pay interest on bonds or redeem them what good is common stock? This is an attempt by derivative writers to avoid paying much more in credit default swaps. They will only have to wait 39 days to see what is going to happen.

The Federal government is now spending about double what they are collecting in taxes.

Bank of America CEO Ken Lewis was told by Ben Bernanke and Hank Paulson to shut up about the “material adverse change,” that took place at Merrill Lynch before their merger. This is called strong-arm tactics in the underworld. Lewis was told if he did not follow orders his board would be disbanded and the management team would be fired. That is extortion as well. Lewis should have pulled the plug on this riff raff, but he didn’t have the guts to do so – what a wimp. He shafted the shareholders.

The bottom line now is BoA will be sued by every shareholder for accepting such a losing deal forced on them by government and for accepting this deal and not disclosing material information and lying.

There will now be a run on Bank of America because the liability is unpayable.

NY State AG Andrew Como has released a letter that will lead to lawsuits against BoA, Lewis, Bernanke and Paulson for fraud. The rats are trapped in a corner and are turning on each other.

The frugality trend has just begun, which will take us back to a lifestyle much like that of the 1940s and 1950s. the vast populace hasn’t gotten it yet. People do not view the current recession as a major economic phenomenon or as a major event. They believe government won’t let it happen, they will save us. They are incapable of thinking the unthinkable.

Unemployment of almost 20% is producing a downward spiral of negative growth. 85% of Americans have no clue as to what lies ahead. Until the system is purged there will be no recovery.

It will be interesting to see how little Timmy deals with Goldman Sachs’ TARP desertion. NYSE data shows Goldman traded 5 times as much volume for themselves compared to customer and agency orders in program trading. Huge short interest stocks were the largest market gainers and the cost to borrow shares to short have soared and it is almost impossible to get stock, because illegally the brokerage houses have called in share loans on financial stocks. How’s that for rigging the market?

New Rules Let Bank Increase Capital Reserves By $4 Billion: The increase could make a critical difference in the federal government’s evaluation of the company’s ability to withstand a deepening recession, accounting experts said.

After the FASB change, which allows banks to substitute their own judgment in some cases, Wells Fargo decided market prices were too low by more than $4 billion, and it returned that amount to its capital pool.

Something was curiously absent from Wells Fargo’s triumphant first-quarter earnings material: Any statement that the bank would try and quickly pay back government capital. 49% of Wells Fargo’s $119 billion of core home-equity loans are now on properties where the combined loan-to-value ratio is over 90%, up from 43% in the fourth quarter. With risks like these, don’t expect Wells Fargo to repay the taxpayers anytime soon.

The starkly different fates of the neighboring banks show how the U.S. government’s approach to dealing with the industry’s worst crisis in a generation has shifted. The decision to allow only one of the two banks to survive has fueled criticism that regulators are picking winners and losers, without disclosing their criteria for making the calls. That, in turn, has shaken the confidence of bankers and private investors trying to decide whether to wade into the troubled sector.

With spending on unemployment insurance and other safety- net programs rising, the deficit is already at a record $956.8 billion six months into the fiscal year. To help close that gap, the Treasury Department has more than quadrupled borrowing, pushing the government deeper into debt.

“Tax receipts are just collapsing,” said Chris Ahrens, head of interest-rate strategy at UBS Securities LLC in Stamford, Connecticut, one of 16 primary dealers required to bid at Treasury auctions. The need to sell more debt “is a big issue in the Treasury market and it is ongoing. The surging budget deficit is the primary cause.” The government will have to sell $2.4 trillion in new bills, notes and bonds in fiscal 2009, according to UBS.

When Warren Buffett speaks, it’s usually worth paying attention. This time, the Oracle of Omaha is voicing concerns about the ability of some battered local and state governments to pay off their debts.

The WSJ notes that hedge funds are competing with end-users for homes. This boosts home sales data but it is a distortion of reality because the homes are not moving into ‘end user’ hands.

The Fed monetized another $7B (3s & 4s) on Thursday. The Treasury auction $8B of TIPS. Who’s the patsy?

Morgan Stanley notes that with 40% of S&P 500 reporting earnings, 77% of non-financial companies have met or beat earnings expectations but only 28% have met or beat revenue expectations, Cost cutting is the theme for Q1. But as we have cautioned, cost cutting will be more difficult in coming quarters.

Gold is back above $900. Though most of the western world is ignoring the Taliban’s attempt to take over Pakistan and its nuclear arsenal, some people are acutely aware of the gravity of the situation.

The Fed’s balance sheet surged to $2.2 trillion due to its monetization of $94.5B in securities for the week ended on Wednesday. The Fed bought an astounding $75B of mortgage-backed securities (MBS).

Last month West Coast real estate rose 3.6% says CNBC, as foreclosures rose 80% in California.

As American citizens bailout the financial system we see bonuses being handed out to incompetents, who caused the problems – companies like Merrill Lynch and AIG should not be giving bonuses. Politicians have expressed outrage but nothing will be done about it. We have also found out government was complicit in the hiding of the Merrill Lynch bonuses. It shows you what kind of government and financial institutions we have. At any price fellow Illuminists have to be bailed out or falsely rewarded. At AIG alone derivative traders received $165 million in taxpayer funds. It is no coincidence that Senator Obama received $103,000 from AIG – his biggest campaign contribution. Treasury’s Tiny Tim Geithner engineered all this even when he was at the NY Fed. Then there are the bonuses for Fannie and Freddie employees who lost $100 billion. these were performance bonuses and did not have to be paid – government paid them anyway. Adding frosting to the cake, 12 of the TARP recipient companies owe millions of dollars in back taxes, out of 23. We wonder how much is owed by the other 450 companies?

There is no question that Wall Street, banking and government have betrayed the American people. The question is how long will it be before Americans forcibly take their government back? All 3 branches, Executive, Judicial and Legislative are controlled from behind the scenes by Illuminists.

We are all now paying for the sellout of Congress that began years ago. The main cogs in this horrible machine were the 1999 passed the Gramm-Leach-Bliley Act, which eliminated The Glass-Steagall Act and the 1995 Private Securities Litigation Reform Act, both of which allowed Wall Street to run rampant.