Latests from The Daily Bell

Now Occupy Wall Street Seeks Global Warming/UN Accord!

Wednesday, November 02, 2011 – by Staff Report

Of the many questions swirling around #OCCUPY, the most challenging is how to gel into a global movement without sacrificing the decentralized, leaderless model. There is a widespread acknowledgment that there are challenges that can only be dealt with on a global scale, such as a climate change accord and overturning international casino capitalism, and that we must therefore forge a globally united people's movement. – Adbusters

Dominant Social Theme: Workers unite! There is an emergency! The world is warming! Al Gore tried to explain it! The UN tried to fix it! Now it is up to us! Never mind that it doesn't exist – it's still important! It's the best way to realize the one-world ambitions of the power elite to whom we are beholden! Oops! Shouldn't have said that. (We got carried away.)
Free-Market Analysis: The Anglosphere elites are trying everything they can to implement "solutions" to the non-existent problem of global warming and now it seems they've set their controlled Occupy Wall Street movement to the task (see excerpt above).
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China Runs Out of Money

Wednesday, November 02, 2011 – by Staff Report

Companies' cash is drying up, with dire consequences for their workers ... Unpaid wages in China ... Efforts to curb inflation in China are having some painful side-effects. A squeeze on bank lending has prompted some businesses short of cash to stop paying wages to blue-collar workers. Even the much-vaunted state sector is feeling the pinch. Work has all but ground to a halt on thousands of kilometres of railway track, and many of the network's 6m construction workers have been complaining about not being paid for weeks or sometimes months. – Economist
Dominant Social Theme: One thing is for sure, the Chinese communists know how to run a capitalist economy and have done a helluva lot better job than Europe or America! Something about socialism really gives people the "smarts."
Free-Market Analysis: The editors of the Economist "newspaper" – who never met a tin-pot dictatorship or dictator that they couldn't find some way to praise – have apparently "hit a wall" when it comes to China. That great hope of capitalism (Communist China) is broke and heading for a hard landing.
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Gold Is Nothing But a Metaphor for Fear

Wednesday, November 02, 2011 – by Staff Report

Gold Is a "Fear Index" That Must Come Down ... That's sort of how Don Hays views gold, as an indicator that's in the way of the next great bull market. It's also why the chairman and chief investment strategist at Hays Advisory wants and expects to see prices fall. "Gold, pure and simple, is a fear index," says Hays in the attached clip. "People try to paint it with a lot of different colors, but it's a fear index." – Yahoo

Dominant Social Theme: Gold is dangerous. It's just dangerous, man. Let's get rid of it.
Free-Market Analysis: Every month or two with the consistency of an alarm clock, some fellow on Wall Street or in the US government will come out with a statement suggesting that the gold is in a "dangerous" bubble or that people will be "harmed" if they purchase it.
It's surely a dominant social theme – that gold is a fiercesome and deadly commodity. In fact, the powers-that-be HATE gold-as-money and will do anything they can to get rid of it. The idea that anybody can go into his or her backyard and dig up MONEY is a real problem. The bottom line, of course, is that NO ONE should have access to money if it doesn't come via elite-approved channels.
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Fascism Now: US Congress, Europe and the G20 Seek Transaction Tax and Backdoor VAT on US

Wednesday, November 02, 2011 – by Staff Report

Two U.S. lawmakers will introduce measures to impose a transaction tax on financial firms that resembles a proposal released by the European Union. Senator Tom Harkin, an Iowa Democrat, and Representative Peter DeFazio, an Oregon Democrat, will introduce the bills tomorrow in their respective chambers. The bills will give the United States an increased role in the international debate over a transaction tax, which is likely to be discussed at the Group of 20 summit this week in Cannes, France. – Yahoo
Dominant Social Theme: There is a limit! These greedy thugs on Wall Street need to be taxed to an inch of their lives. And if we get taxed the same way, well, darn it, it'll be worth it. If OUR transactions are taxed, OK, we'll take it. If we have to keep records of everything we purchase, OK, we'll do it. If we get thrown in jail because we're not keeping records right, well that's OK, too, as long as some of these Wall Street types go to jail. We'll gladly live in a totalitarian society so long as we can punish these Wall Street evildoers!
Free-Market Analysis: If there is any single thing that shows Occupy Wall Street is a controlled opposition, the idea that its ideas resonate within weeks with the US Congress and the larger global power structure should at least give one pause.
OWS has called for a moratorium on student college loans. Now President Barack Obama is moving a bill through Congress to give students relief. OWS has called for mortgage relief and that's on its way, too. OWS has called for a transaction tax on Wall Street trades, and now THAT bill is being moved in Congress.
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In Defense of the 1%

Wednesday, November 02, 2011 – by Peter Schiff

Peter Schiff Last week, I spent the afternoon visiting the Occupy Wall Street demonstrations in lower Manhattan. I brought a film crew and a sign that said "I Am The 1%, Let's Talk." The purpose was to understand what was motivating these protesters and try to educate them about what caused the financial crisis. I went down there with the feeling that much of their anger was justified, but broadly misdirected.
Indeed, there were plenty of heated discussions. I did little more than ask how much of my earnings I should be allowed to keep. In return, I was called an idiot, a fool, heartless, and selfish. But when we started talking about the issues, it seemed like the protesters fell into two categories: those who generally understood and agreed that Washington caused this mess, and those who could only recite Marxist talking points. It was the latter who usually resorted to calling names once I pointed out the hypocrisy of their positions. They might shout, "he banks have taken over the regulatory agencies, so we need more regulations!" Obviously, this is paradoxical. If they're blaming government for causing this problem, why would they suggest more government as the solution?
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New Libyan "PM" is Big-Oil Goon

Meanwhile, rebels turn guns on each other turning Tripoli into a war zone, again.

  

From Land Destroyer 

by Tony Cartalucci

November 2, 2011 - Associated Press recently reported that Libya's rebel militants have named a new "prime minister" this week. AP depicts the latest unelected Western proxy, Abdurrahim el-Keib, as a progressive academic who has spent decades in the United States teaching at Alabama University and leading the local Muslim community. Mentioned briefly as a "former employer," however, is the Petroleum Institute, based in Abu Dhabi, Dubai and sponsored by British Petroleum (BP), Shell, France's Total, the Japan Oil Development Company, and the Abu Dhabi National Oil Company. El-Keib is listed as a "Professor and Chairman" in his Petroleum Institute profile which also describes extensive research conducted by him sponsored by various US government agencies and departments over the years.

Photo: And so begins the farce that is Western "democracy." One corporate-fascist puppet, Mustafa Abdul-Jalil, steps down, another, Abdurrahim el-Keib, takes his place. In reality, it is now NATO-states and their corporate sponsors that now determine Libya's fate.

....

In essence, el-Keib, like his predecessor Jalil, is Libyan in name only and has been working for Western corporations, governments, and institutions for decades. Like Jalil, or Egypt's Mohammed ElBaradei, el-Keib is yet another agent of Western interests masquerading as an indigenous leader in a foreign land. That his rise to power was paved by thousands of NATO strike sorties in a 7 month military operation spearheaded by the United States and at the cost of tens of thousands of Libyan civilians makes his ascension to power in Libya ever more a desecration of Libya's sovereignty.


Meanwhile, the London Telegraph reports NATO-backed rebels turned their weapons on each other yet again in Tripoli, with hundreds of fighters exchanging fire near a hospital after one armed faction tried to murder a patient they had injured the night before. The report also cites a growing list of atrocities being committed by rebel fighters before noting the "unprecedented" nature of NATO's "victory" in Libya.


While the corporate media attempts to plea ignorance over the growing body of evidence suggesting indeed both NATO and the rebels committed the very atrocities they accused Qaddafi of committing as a pretext for their half-year long murder spree, it has been well documented since fighting began in February that the rebels, far from being pro-democratic fighters, were actually Al Qaeda affiliated Libyan Islamic Fighting Group (LIFG) militants with a long history of terrorism and barbarism. It has also been extensively documented that these rebels have verifably killed US and British troops in both Iraq and Afghanistan over the past 10 years, as noted by a West Point Combating Terrorism Center report.


Despite this, US representatives, including Senator John McCain, have personally met with LIFG militants praising them as heroes who have "inspired the world." Alarmingly, McCain made his remarks in Tripoli even as rebels publicly declared their intention to purposefully cut off supplies and medical aid to the population in Sirte to admittedly "starve the city into submission" with NATO assistance - a grievous war crime.


Words cannot describe the injustice being brought upon Libya, the level of duplicity it was carried out with, and the flagrant looting the nation is now being subjected to by NATO's member states, facilitated by the latest unelected, decades-long servant of Western interests now masquerading as the nation's new "interim prime minister."
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Related:
Libya: revolutionaries turn on each other as fears grow for law and order
  
Gaddafi could’ve prevented the Greek economic meltdown/Eurocrisis