Compiled by G. Edward Griffin 

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2008 OCTOBER 11 – OCTOBER 17

Click on headlines to see full articles
If original sources are missing, click on Cached.
Star indicates article worth printing for future reference.
Camera indicates video or slideshow.
Speaker indicates audio.
Asterisk indicates an amazing event or phenomenon.
    (See them all together here.)


Switzerland: Government uses taxpayer's funds to bail out UBS and Credit Suisse, the country's two largest banks, and takes 10% ownership of them. Guardian 2008 Oct 16 (Cached)

Paris to quadruple number of surveillance cameras to watch people in public places - to protect against crime, of course. Telegraph 2008 Oct 16 (Cached)

New Jersey: Parents outraged over mandatory flu shots for children in pre-school and day-care. Demand freedom-of-choice. My Way 2008 Oct 16 (Cached)

Marxist/Leninist Hugo Chavez says: "Comrade Bush is to the Left of me now." Actually, there never is much difference between collectivists, either Left or Right. Herald Sun 2008 Oct 16 (Cached)

Global leaders use financial crisis to call for summit meeting to expand international financial power. Here it comes! Prison Planet 2008 Oct 16 (Cached)

American kids are the most medicated in the world -
3 times more so that in Europe - and we think Europe is excessive.
Mercola 2008 Oct 16 (Cached)



"The next generation." A poignant musical video to share with your friends. BreakTheMatrix, 2008 Oct 15

US: Fund that insures pension programs is billions short of cash and now is in line for next huge bailout at taxpayer's expense. Univ. Il 2008 Oct 15 (Cached)

Russia: Run on Globex Bank leads to denying depositors from withdrawing their money. Other banks on the brink of same action. Financial Times 2008 Oct 15 (Cached)

Scientists Challenge UK Govt. Climate Committee to 'Drop flawed science and Climate Change millstone - Save the economy'. CO2skeptics 2008 Oct 15 (Cached)


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Iceland faces financial crisis. Slashes interest rates to stimulate expansion of money supply and turns to Russia for massive loans. Reuters 2008 Oct 15 (Cached)

US: Bailout morphs into government ownership of banks. That's the end game of collectivism. Yahoo 2008 October 14 (Cached)

GM announces it will hasten factory closings and lay off more thousands of workers a few days before Christmas. Detroit Free Press 2008 Oct 14 (Cached)



UAE: Dubai facing unprecedented financial drain and may need loans from Abu Dhabi. Both are state-owned investment conglomerates. Previous investments have severely dropped in value. Bloomberg 2008 Oct 13 (Cached)

All that money you lost - where did it go? Did it just vanish into thin air or did someone get it?
MSNBC
2008 Oct 11 (Cached)

US: Space-satellite spy program begins. Technology tracks humans by heat signatures even within buildings. Privacy is not an issue. Inteldaily 2008 Oct 11 (Cached)

US: Bankers launch "Get Smart about Credit" program for high school students. What irony! Credit predators teaching kids how to resist their temptations. Like the booze industry telling kids to drink responsibly.
ABA
Posted 2008 Oct 11 (Cached)



Former Governor of Minnesota tells how CIA agents operate inside state governments. Not sure about Jesse Ventura's political ideology, but his testimony is fascinating. Brasscheck 2008 Oct 11

Study finds link between plastics in food containers and Diabetes and heart disease. NPR Posted 2008 Oct 11 (Cached)

Democrat attorney who is suing Obama to produce his U.S. birth certificate tells why he is sure it doesn't exist. This is NOT a plug for McCain. Both are on the same collectivist team. YouTube Posted 2008 Oct 11



Germany: Gold runs out as demand vastly exceeds supply. Same in U.S. and other countries. If you buy gold, do not accept paper contracts. Physical possession is king. This Is London Posted 2008 Oct 11 (Cached)

          ==================================

ARE PEOPLE LIKE DONKEYS?
Commentary by Ed Griffin

As many of you know, I am assembling material for my next book, The Freedom Manifesto. Much of what has been published on the Freedom Force web site will be included in that work. I just added a paragraph that I want to publish here rather than wait for it to be discovered by those who avidly read new additions to the Freedom Force site. I hope you resonate with this thought.

We are attracted to the concept that a Divine Force compels us to resist evil and fight against collectivism. But we challenge that idea with the question: Why has the Divine allowed so much suffering and chaos and death and destruction?

A possible answer is found in the story of the man with a donkey who occasionally hit the animal over the head with a club. When asked why he did this, he responded: “Donkeys are stupid and stubborn. If you want them to do something, first, you have to get their attention.”

Perhaps that is the story of mankind. If you want to reach those who are focused on luxury and material pleasures, first you have to get their attention.

          ==================================

            FROM OUR READERS
Send comments to
gedward.griffin@verizon.net but please be aware that personal responses are not possible.

WHICH WILL IT BE: INFLATION OR DEFLATION?
Hi, Mr. Griffin - big fan of yours and "The Creature" as well. Will be ordering another copy for a friend's birthday soon. I have question I haven't heard anyone in the mainstream or alternative media address:

If the Fed is flooding the economy with billions or trillions of new dollars to attempt to fix the current crisis BUT trillions have been wiped out of the value of the stock market, could the situation be a "wash" or at least ameliorated? Are the fears of hyperinflation thus overblown in light of the stock market meltdown?

Any insight will be appreciated, either in an Email to me or in the newsletter. Thank you.
Jim Bortosky

EG'S REPLY

You are correct, Jim. Vast amounts of money are going out of existence at the same time new money is coming into existence. That is one of the reasons hyperinflation hasn't hit yet. Which force will win out? My feeling is that the people in control will just keep pumping so much money in that, eventually, the new supply will exceed the old. As long as these people are running things, inflation is in our future.

Even though prices may not be rising as fast as they would otherwise, I expect there will continue to be a disparity between expense sectors. For example, bubble sectors of the past, such as real estate and stocks, will continue to drop until they get to where they should have been all along while things like food and transportation and just about everything else will rise. Once real estate and stocks reach their realistic level (if they ever are allowed to) then they, too, will rise along with everything else in response to inflation.

Another phenomenon to watch for is that those losing value from homes, retirement funds, lost jobs, and the like are mostly in the middle class while those gaining from the inflow of fresh money are financiers, military contractors, and others close to government and banking. That represents a massive redistribution of wealth from the middle to the wealthy class.

There is a lot more going on out there than meets the eye.
Ed Griffin

              ========================================

"IF I WAS A TERRORIST," A SONG TO MAKE YOU THINK
Here's a provocative original song from David-Earl, 2008 Oct 11.
(Listen here)

              ========================================

THE PROFIT MOTIVE HAS GOT TO GO
Comments by Dustin Archer - in defense of Zeitgeist Addendum
2008 October 13

Greetings, I am an avid support of Freedom Force and a reader of The Creature from Jekyll Island. I am also a huge proponent of the world envisioned in Zeitgeist Addendum.

It is my hope that those statements do not dissuade you from reading the content of this message, as I am deeply curious if you understand the underlying issues and if I will be able to continue to associate myself with your organization in the future.

While I do not disagree with many of your claims and I understand the failures in the Addendum, the main overall argument must be refuted. You [Mr. Griffin] are a man who believes in the profit motive, and thus your natural inclination is to defend that ideology, even it it is outdated. I challenge you to sufficiently dispute the fact that seeking profit results in exploitation of both the people of the world as well as destruction of the worlds resources. No matter how individualist-based a world we live in, there will still be a great deal of wealth stratification that will not go away. This results from education, access to technology, etc. (More)

              =======================================

MORE ON NAOMI WOLF
On October 8 I received an email from an activist friend who was distributing Naomi Wolf's essays on her so-called battle plan to save America. This was my reply:

Hello Michael.
Much of what Wolf says is true, but she is a collectivist, a Rhodes Scholar, an admiring friend of the Clintons, a supporter of Obama, a promoter of Left-wing organizations, and a pied piper for the Democrat Party. Her so-called battle plan is to use justified anger at current Republican Leaders to continue the same elitist control under Democrats. Get it? The ploy is spelled F A L S E L E A D E R S H I P.

Ed Griffin

               =======================================   

STOCK MARKET EXPLAINED IN ONE EASY LESSON
Once upon a time in a village, a man appeared and announced to the villagers that he would buy monkeys for $10 each.

The villagers seeing that there were many monkeys around, went out to the forest, and started catching them. The man bought thousands at $10 and as
supply started to diminish, the villagers stopped their effort. He further announced that he would now buy at $20.

This renewed the efforts of the villagers and they started catching monkeys again. Soon the supply diminished even further and people started going
back to their farms.

The offer increased to $25 each and the supply of monkeys became so little that it was an effort to even see a monkey, let alone catch it! The man
now announced that he would buy monkeys at $50! However, since he had to go to the city on some business, his assistant would now buy on his behalf.

In the absence of the man, the assistant told the villagers. 'Look at all these monkeys in the big cage that the man has collected. I will sell them to you at $35 and when the man returns from the city, you can sell them to him for $50 each.'

The villagers rounded up with all their savings and bought all the monkeys. Then they never saw the man nor his assistant ever again, only monkeys everywhere!

Now you have a better understanding of how the stock market works.

From Nance. planetnews8@gmail.com , 2008 Oct 5

              ========================================

HOW CAN BANKS BE IN TROUBLE WHEN THEY CREATE MONEY OUT OF NOTHING?
Dear Mr. Griffin
I hope you are doing well. I have a question and I greatly appreciate you taking the time to help me. It, of course, concerns the big topic today, the bailout.

Of all of the commentaries I have read, I haven’t seen anything on how this mess relates to fractional reserve banking. I am just a novice, having read your books and listened to your audiotapes. But something just sticks in my craw, if you know what I mean. That is, with the leverage of fractional reserve banking, how can these investment and commercial banks be, according to their records, in such bad shape?

if a third of their mortgage-backed securities go bad and become non-performing assets, they still have 2/3’s of their assets performing. These assets are still producing a considerable amount of revenue. To me, that should be more than enough to pay their obligations. The banks claim that their balance sheets are in bad shape because of these toxic mortgaged back loans. They claim they are about broke; yet, their cash flow should still be very significant from the rest of their performing assets. Just not as much as before. Am I getting close to figuring these guys out? I would appreciate any comment you might have on my thoughts.
Respectfully,
Rick Taylor, 2008 Oct 8

EG'S REPLY:

I regret that I do not have time to answer your excellent question in great depth, but part of the answer can be found here.

The other part is that, in addition to the fractional-reserve issue, banks recently have been going even further by creating/lending more money than the real value of the underlying collateral. In a way, you might call this hyper fractional-reserve banking. So, when borrowers default, banks are unable to liquidate their collateral for enough to cover the loans. It is true that they should still do OK if only a small percentage of these loans defaulted at one time, but the trend of late is for a large proportion to do so, and massive write-offs from assets on the balance sheet have put many banks into a position where they no longer have the liquid capital to pay salaries and overhead and continue in business. Modern banks have a lot of overhead.

Even though the money they created for loans was from thin air, nevertheless, it went into the economy. Eventually, that money is supposed to return to the banks when loans are paid off and, at that point, it would disappear back into the computer chips from which it came. Normally, this is no problem, because borrowers eventually returns this money plus interest; but, when loans are written off as bad debts, the borrowers do NOT return that money into the bank, and the bank has to cover the losses from the asset column of their books, which means that it is paid back by bank stockholders in the form of a loss in the equity value of their stock. So, when the Fed pumps money into the banks to give them “liquidity,” as they like to call it, what it really is doing is taking it from taxpayers in the form of inflation, allowing the fraud to continue a little longer, and protecting bank shareholders from severe loss. It is a rescue plan, all right, but it is a rescue of the politically connected financiers and investors, not the common man.

Thanks for writing.

              ========================================

ZEITGEIST ADDENDUM - A CRITICAL REVIEW
Hello Mr. Griffin.
I'm sure you have heard of the popular movie on the internet, Zeitgeist. It had three separate parts about Christianity being fake, the Federal Reserve being a conspiracy and bad, and that the government was involved in 9/11. Well the sequel just came out, Zeitgeist Addendum, and it seems very dangerous. This movie screams controlled opposition/false solution propaganda more than anything I have ever seen.

The movie starts off with why the Federal Reserve is bad. It seems to latch onto valid concerns that the freedom movement/Ron Paul supporters have been worried about. But its solution is really, really bad and is already sending a lot of people in the wrong direction. It goes on to say that money is evil and has caused every problem in the world. If only we abolished all money and private property everything would be great. All resources should collectively belong to all humans of the world. Intelligent management of resources and technology could allow everyone to be free. The world would turn into some utopia. All crime would go away and greed and corruption would go away. We should be a one world community. It even specifically says that voting for liberty candidates like Ron Paul is the wrong thing to do. I guess we should give up all hope and let bad politicians do whatever they want to us.

It is full of doublespeak, wild assumptions, and crazy socialist propaganda. It also put in more about how religion is bad. I am convinced this thing was specifically made to stop the liberty movement from achieving anything. It puts in just enough truths that we believe in to trick people into following the wrong path.

I think statements about what is wrong with this film from liberty organizations like Freedom Force International would do a lot of good and would prevent some people from going in the wrong direction. Some people might think the best idea is to just ignore it and it will go away. But it appears to be incredibly popular online and gaining support. Even the most popular Ron Paul website posted the video. And the most popular Ron Paul message board has three threads with hundreds of posts talking about it. Here is the video link.
Jonathan, 2008 Oct 6

REPLY FROM EG:

Jonathan, I don't like to criticize anything that is helping to spread the truth about the Federal Reserve and 9/11 but I must agree with the substance of what you have said about this video. I watched it two nights ago and was deeply disturbed by its message. At first, I thought it would be best to just let it play itself out in expectation that most viewers would cross it off as whacky. However, the production value is high, the effects and sound score are compelling, and there is enough truth embedded in the beginning to capture the attention and possibly the trust of many within the freedom
movement. So here are comments on my items of concern: (More)

              ========================================

NAOMI WOLF, PLAN TO SAVE THE REPUBLIC?
We've not watched a YouTube video in several months. But we watched this one ... because it was recommended by a good and respected friend. Naomi Wolf is a very courageous woman.

She has a plan to save the country NOW. Please help as many of your friends as possible to view this video and forward the link to THEIR friends.. http://www.youtube.com/watch?v=_XgkeTanCGI
--bob & lou, 2008 Oct 6.

EDITOR'S REPLY:
Naomi Wolf, a Rhodes Scholar, does NOT have a plan to save the American Republic but to lead people into rebellion. That will provide an excuse for martial law and prison camps, which is exactly what the elitists now want. She is eloquent in exposing the corruption of Republicans but is a supporter of the Democrat Party (NOT the solution) and offers false leadership. She implies that Obama would be better than Bush. Listen carefully to her so-called “solution”. When will Americans stop being suckered into following false leaders and playing the rigged political party game?

RESPONSE:
Hello Mr. Griffin,
Thanks very much for sending this. I hadn't made the connection you made--that arresting members of the Executive Branch for fascist behaviors, would trigger a clamp-down. Of course, it makes sense. The presence of standing military here, and the apparent threats of martial law (to the legislators), are worrisome signals re: readiness to suppress.

As for Wolf's allegiance to the Democrats, well, I've honestly felt bewildered as to how such a brilliant woman could still see politics so naively. There is a wall somewhere inside her mind, and I hope more truth can pervade it soon. [On one You-Tube video, where she answers questions from the audience, she praises the Clintons, calls them her friends, and says they are just like "you and me." (Gulp!) As I wrote at the conclusion of my viewer comment, "Naomi Wolf, you are a heartbreaker."]

I relish your newsletter, and am always happy to see it show up in my "in" box. I feel privileged to be able to tell you this directly, too.
With appreciation,
Lee, 2008 Oct 8
 

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THE CREATURE FROM JEKYLL ISLAND; A SECOND LOOK AT THE FEDERAL RESERVE
by G. Edward Griffin
Where does money come from? Where does it go? Who makes it? The money magician's secrets are unveiled. Here is a close look at their mirrors and smoke machines, the pulleys, cogs, and wheels that create the grand illusion called money. A boring subject? Just wait. You'll be hooked in five minutes. It reads like a detective story – which it really is, but it's all true. This book is about the most blatant scam of history. (More)

THE FEDERAL RESERVE
A Discourse by G. Edward Griffin

The author of The Creature from Jekyll Island; A Second Look at the Federal Reserve adresses such issues as: Who created the Fed? How is money created?
What impact has this had on the American Dollar? Should our currency be backed by gold or silver? Where does government get most of its funding? Why do bankers get away with it? What might happen if we continue on our current path? What might come from a return to constitutional money? (More)

FIAT EMPIRE; The Federal Reserve vs. The Constitution
This documentary shows how the Federal Reserve creates inflation, destabilizes the economy, causes wars, and enriches financial elitists at the expense of the common man. You will learn that the Fed is not a government agency but a banking cartel, and you will understand why many Americans view it as a sophisticated form of organized crime. (More)

INVISIBLE BALLOTS;
A Temptation for Electronic Vote
Fraud.   Governments are installing computerized voting systems with no paper record to verify accuracy. Elections will be controlled by companies that do not allow voters to inspect their software. If vote counting becomes privatized, there may be no way to get it back. High-tech vote fraud is already a reality. If you value your vote, you absolutely must get this information to your friends – and fast! (More)

THE POLITICALLY INCORRECT GUIDE TO GLOBAL WARMING AND ENVIRONMENTALISM
Here is scientific proof that: the Earth often has been hotter than it is now; only a tiny portion of green-house gases are man-made; most of Antarctica now is getting colder; the media only recently abandoned the global "cooling” scare; and more. These facts counter the global-warming junk science that is scaring people into meekly accepting more government. (More)

TORTURED IN RED CHINA
The Persecution of Falun Gong
The Testimony of Charles Lee
Dr. Charles Lee is one of the few political prisoners held in Chinese prisons who has survived to tell about it. After receiving a medical degree in China, he came to the U.S. in 1991 for graduate study and soon thereafter became an American citizen. In 2003 he returned to China to proclaim the truth about government persecution of Falun Gong, a non-violent, spiritual movement dedicated to “Truthfulness, Compassion and Forbearance”. He was arrested and sentenced to 3 years in prison where he was beaten, force-fed, and tortured, which he describes in gruesome detail in this video interview by G. Edward Griffin. On January 21, 2006, Charles was released and returned to San Francisco. Now he is a leader in the movement that has motivated millions of members of the Chinese Communist Party to resign. (More)

HEALTH MYTHS EXPOSED

A former drug-design chemist confronts ten myths that prop up a sick health-care industry. He shows that FDA-approved drugs are NOT safe and effective, pharmaceutical drugs do NOT improve the quality of life, cholesterol is NOT bad for you, and other myths. There is a surprising bonus in the section on the real cause of obesity and why dieting and appetite suppressants usually don’t work – and the author shows what does. That section alone is worth the price. (More)

WASHINGTON YOU'RE FIRED!
This documentary focuses on the growing police state in America and shows how the Bill of Rights and the Consti-tution literally have been cancelled by recent legislation and executive orders. With the next crisis, the President will have power to confiscate all private property including homes, cars, and money; all commercial property; all means of transportation; and can round us up into work brigades. Anyone who criticizes can be imprisoned without legal defense. Presidents now have more dictatorial power than King George had when Americans fought the Revolutionary War to rid them-selves of him. This program includes a plan for restoring the Constitution without armed revolution. (More)

UN-COUNTED
The New Math of American Elections.
This documentary shows how the elections of 2004 and 2006 were stolen and who did it. This is not a conspiracy theory. It’s the real thing! The people who perpetrated this fraud remain in place to do the same thing in 2008 – and every election thereafter. This has nothing to do with Republicans vs. Democrats. It is about controlling the electoral process so that the common citizen will never be able to break the grip of those who control both major parties. This grip CAN be broken, but only if more Americans become aware that it exists. That’s where you come in. Acquire this video and show it to your friends. (More)

THE LATE GREAT U.S.A. The Coming Merger with Mexico and Canada. Late Great USAWhile many people are still clinging to the belief that The U.S.will never give up its sovereignty, the process already is far advanced. This is not just a super highway between Mexico and Canada, but a total political, economic, and military merger into what will be called the North American Union, identical to the creation of the EU. Here are the chilling details of a plan being implemented largely behind closed doors by global elitists to terminate the United States. (More)
 

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