Bye Bye USA

"Reorganizing" the Americas
for big business

(Long presentation. If you can't watch the whole thing make sure you fast forward to 41:15.)

13 Reasons for Major Gold Breakout

Use this link to subscribe to the paid research reports, which include coverage of several smallcap companies positioned to rise during the ongoing panicky attempt to sustain an unsustainable system burdened by numerous imbalances aggravated by global village forces. An historically unprecedented mess has been created by compromised central bankers and inept economic advisors, whose interference has irreversibly altered and damaged the world financial system, urgently pushed after the removed anchor of money to gold. Analysis features Gold, Crude Oil, USDollar, Treasury bonds, and inter-market dynamics with the US Economy and US Federal Reserve monetary policy.

Before the Hat Trick Letter was launched, a little splash was made when a Jackass Nobody wrote "25 Reasons Why Gold Will Rise" in November 2002. It was so many years ago that the piece no longer appears in archives. [Editor's note, that article is here] The motive for the article was simple. Just too much pure nonsense and genuine rubbish had appeared in the financial press about why gold was rising. 'THEY' claimed the gold price was rising from MidEast tensions, from new global tensions due to a False Flag attack on New York City in broad daylight, and from other factors clearly irrelevant to gold. It was not disinformation so much as stark ignorance and stupidity, perhaps even compromised marketing from the fiat bowels on Wall Street. The crack analysts in financial circles overlooked the negative real interest rates offered by central banks, as the miniscule official rates were overwhelmed by price inflation, thus rendering gold a free pass profitable investment. Stupid inane mindless drivel continues to pour out today as to why gold has reached the $1000 level. In simple English, THEY HAVE ABSOLUTELY NO IDEA WHY GOLD IS RISING. The faceless 'THEY' had no idea in 2002 and 'THEY' have no idea now. The main fallback factor 'THEY' turn to is a hedge against price inflation, the basic kindergarten concept. The Wall Street machine still uses mental crayons, as nothing has changed. They are too busy building leveraged contraptions and forging collusions. Those who are aware in the Mainstream are dead silent as to why gold rises, since they realize their world is to vanish.

The original litany of reasons was examined two years later in "25 Reasons Why Gold Will Rise (revisited) + 2 more reasons added" from August 2004 (CLICK HERE). A couple mining factors had cropped up, worthy of inclusion. A quick swing to the present, after the insolvent US bank system died in September 2008, after the discredited USFed capitulated to offer near 0% rates, after colossal fraud spewed from Wall Street corner offices, after fraud was compounded by the Goldman Sachs creation of Congressional slush funds for self-dealing banker benefit, after the home mortgages continued to hurtle over the foreclosure cliff, after the USEconomy continued on a path of disintegration. Here we are again with oafish hack apologist morons trying to explain the rise in the gold price. To comprehend the golden factors requires them to leap forward well past their Wall Street marketing pay grade.

GLOBAL MONETARY SYSTEM BREAKDOWN

An acute lack of gold comprehension is evident almost on a global basis. The entire system is wedded to toxic paper. For the most part, so-called experts, industry analysts, and network anchors have absolutely no idea why gold has risen above the $1000 level. They are blind to the Paradigm Shift away from the USDollar and cannot admit the breakdown of the global monetary system. Their jobs might require them to turn a blind eye to such catastrophic events. At best they might have spent their entire careers inside the noxious US$ Greenhouse Dome, unable to see from an external vantage point, in no position to see the Dome from an outside perspective. It will be interesting to observe how long the 'SYSTEM' remains ignorant of the massive changes taking place, as the stages they sit upon and work upon are slowly vanishing. Their claims for golden reasons are vacant shallow factors. THEY miss the major factors. They do notice a staggering amount of fiat money being created without basis, which would fall generally under item#2. The actual reasons are many. The list is somewhat debatable, subject to interpretation. Some argument might even come from within the gold community.

Basically the reasons extend from the many tentacles and ramifications of the Grand Paradigm Shift in progress, the complete overturn of the USDollar global financial system. It is being turned upside down before it goes inside out, and finally fractures into a million pieces. This is an irreversible process that is already one year into the collapse process. Here are reasons according to my analysis and perceptions. They only number 13 this time:

1. PARADIGM SHIFT away from a USDollar centric world manifested as the global revolt against the USDollar in reserves management and transaction settlement, extended from bank structures
2. colossal irresponsibility of major central banks with expanded balance sheets, money creation, and credit growth, endorsing their government profligacy
3. failure of the central bank franchise model, exhibited by the ongoing credit crisis, insolvency of banks, and desperate attempt by the US Federal Reserve to serve as the global bank
4. ruined global monetary system from the complete debauchery of money itself
5. perversion of the USDollar from required USMilitary subsidy, from coerced USTreasury Bond support, and from tacit acceptance of Wall Street corruption (past bond fraud and debt rating agency collusion without prosecution)
6. proliferation of OTC derivatives over $1 quadrillion in value with no prospect of resolution, no hope of regulation, and deep corruption, but with deadly dependence
7. gradual recognition of a financial crime syndicate having taken control of the USGovt finance ministry, that involves official channels of slush funds, bond counterfeit, and narcotics money laundering
8. dishonor of financial contract law, chronic lapses in financial market integrity, and constant intervention in those financial markets
9. expectation of mammoth price inflation just over the approaching horizon, unless the central bank balance sheets inflate beyond measurement in Weimar style
10. anticipation of banking system meltdown in at least the United States and United Kingdom, likely to result in bank holidays, useful for a forced Bank Consolidation with dead banks capturing the system or for a climax Wall Street theft event
11. observation of gradual economic disintegration and the decline of global trade
12. trend toward commodity stockpiles, of which gold is the financial commodity core element and crude oil is the industrial commodity core element
13. specter of numerous pockets of armed conflict, military war, and possible nuclear events, as chaos spreads and nations desperately exploit the confusion, and react to lost sponsorship relations, if not parasite-host pacts.

MYOPIA & THE GOLDEN TIDE

This process would be almost amusing, observing cartels suffering at the hands of their own financial devices, if not so tragic by the hordes of bystanders and affected citizens. Some respected pundits will soon make fools of themselves as they awaken to explain events and their complicity. THEY do indeed comprehend item #2, but hardly anything more. Some shallow souls like Karl Denninger actually state that one cannot eat gold, and thus is has no structural value. What a truly moronic point of view by a fine forensic analyst. Stick to your knitting, Karl! Then again, he is half blind and a high school dropout from chemistry and physics (see his 911 Event drivel commentary). One cannot eat crude oil, cement slabs, steel beams, or human undergarments, and these surely have structural value to gird a foundation. Before 1971, few financial crises occurred during an era ruled by gold as the foundational scepter. As the tide turns, THEY will expound on the virtues of gold, without benefit of comprehension, in a laughable climb onto a fastmoving bandwagon. Every pundit wants to join a winning parade. Ron Insana of CNBC states he does not understand why gold is rising, in supercilious manner, as though gold is somehow impudent. He had no idea that structured financial assets would implode in 2006 when he left the monopoly CNBC network that acts like a Wall Street marketing platform. He must have expected housing prices to climb without end. He must not have received word that even Goldman Sachs was shorting mortgage bonds heavily. He is neither enlightened nor connected.

Such myopic vision is typical of bright people who have no insight into the current Paradigm Shift, a dismantle of the stage they stand upon. We are witnessing the demise of the US-UK empire, a era built upon banker monopoly, engineered inflation, Wall Street power, economic mythology, and military prowess. The US$-based structures are vanishing, a gradual process to date, but as times passes, more sudden shocks are sure to arrive as entire floors simply crumble beneath the feet of the wizards and their harlots. Some technical analysts, the eerie bunch who follow price patterns, volume trends, and cyclical measures, care little about reasons. They notice extremely positive patterns in the gold stock index and gold futures prices. Such analysts expect much higher prices ahead from power evident to perceive. See the Bloomberg article (CLICK HERE) from the mainstream press. They notice strength and energy building. They care not why! There is genius at times in such simplicity and designed distance from wretched rationalization.

Just a quick aside, for the benefit of half-blind Karl and others. The last command for Major General Albert Stubblebine was head of all Army Strategic Intelligence worldwide. Note his comments about the ridiculous story of an commercial aircraft hitting the Pentagon, a story he mocks openly. Stubblebine disputes by simply pointing out that the 5000-lb engines would have left a very very big mark on the Pentagon building facades, something that remarkably receives little discussion. No such aircraft impact happened, since a missile hit the Pentagon. Just try to imagine a jetplane that evaporated and incinerated without any debris, an utterly absurd tale. Imagine an advanced metal alloy fuselage incinerated and vaporized, even hundreds of seats turned to dust while strewn. Let's all hail the first airline crash in modern hisotry without any debris! It is a miracle! The retired Stubblebine should be careful, but he must know the risks. This entire story is an insult to our intelligence. See the YouTube video clip (CLICK HERE). The tale told for the World Trade Center exploits the ignorance of Americans, who largely failed physics and chemistry in high school. See gravity (11 seconds for demolition freefall, not a pancake staged collapse). See chemistry (jet fuel burns 2000 degrees too low to melt structural steel). Next resort to Aesop Fables (third WTC building fell after saddened by the collapse of its two big brothers). It is difficult to insult the intelligence of a nation that has little. If a 2x4 lumber slab were slammed against half-blind Karl's blockhead, my guess is that it too would leave no mark, just like at the Pentagon.

GOLD PRICE BREAKOUT BEGINS

The move to kiss $1000 gold was the foreplay, the first dance, the initial step to capture global attention and to preview the next much bigger move. Some important less visible factors are at work to push the gold price up, somewhat hidden from view. The Intl Monetary Fund and the London G-20 Meeting bear on the gold forces. The full breakout is imminent. It could be days, or a couple weeks, probably not more than a month. Ramadan ends in ten days, and Chinese anger is spilling over. Underlying structures are breaking with each passing week. Bank ripples are being felt. Insolvency is spreading like a disease, while corruption spreads like a cancer. Central bank money creation occurs like from a garden hose. Stories will be told about these days for decades. This is history in the making. They are accumulating gold bullion here. The fools are still selling gold, unaware of its 100% rise in price upcoming. Actually, what comes is a quasi-global 50% currency devaluation. China is cutting deals with the I.M.F. to secure central bank gold in huge blocks, much like geopolitical horse trading amidst grand power shifts for global control. If the West wishes to enjoy the benefits of Chinese credit supply, then China must be given much of what it demands. In short, the gold price will break out past 1100 and past 1200, toward a 1300 target, WHEN CHINA DECIDES TO GIVE THE ORDER.

This has come to a Financial War between China and the United States, waged in the USDollar and Gold marketplace. The war chest held by China was essentially given to it by the United States and other Western nations, with all the foundation from direct business investment in factories. The Great Economic Fools within the United States will be fodder for historians for many decades. The conflict will inevitably morph into a Big Trade War, and probably into a military hot war. Few believed my warnings made in 2005 and 2006 that China and the US will be locked in a Trade War within two to three years. Watch the tragedy of armed military conflict unfold, as the US makes one error after another, mixed with defiant disobedience of its credit master China. The Beijing leaders have giving the Obama Administration orders. The Wall Street (errrr, Obama) decision to reappoint USFed Chairman Bernanke to another term went in direct contradiction to Beijing orders. Is it any wonder that gold hit $1000 in just one month after White House meeting, and just two weeks after the Bernanke reappointment? Not here!

(Click on image to enlarge)

Alan Greenspan, architect of the failed central bank franchise system, who offered monetary and political cover for the Rubin-Clinton pillage in the 1990 decade and for the Bush-Paulson pillage in the 2000 decade, has come to the stage to give two messages. He just will not go away! Greenspan seems to be one of his best historical critics, without recognition of his new role. He cannot help but offer criticism, a process that undermines his own legacy. Greenspan warns about inadequate bank capital. He should instead declare most big banks as insolvent, and even cadavers. He spoke via teleconference to the Antique India Markets Conference in Mumbai, an obscure forum.

Meanwhile, closer to home at a US-based economics conference, Greenspan admitted that the gold price gains are strictly a monetary phenomenon in his words, which should send shivers through central banker spines. He believes that rising prices of precious metals and other commodities represent an early move to shun paper currencies. He genuflected before the gold altar, when he said, "What is fascinating is the extent to which gold still holds reign over the financial system as the ultimate source of payment." He always did love gold! Economists should spend less time at conferences and press interviews and more time learning and studying their own field, so as to develop some expertise.

CHINA DECLARES A SUBTLE FINANCIAL WAR

China made three major announcements in the first week of September, each highly disruptive, enough to add thrust to the Paradigm Shift, enough to usher in the nasty phase (see Trade War escalation). The timing of late August and early September for disruptions and onset of instability has not been a disappointment. Some are disappointed, and will remain disappointed, unless the sun does not rise at all. They will never be satisfied. China has shaken the global system in three key ways, resulting in a grand challenge to the power structure. China announced:

1. permission granted for state owned firms to selectively dishonor OTC derivative contracts by means of self-administered Stop-Losses in reneges
2. Hong Kong demands the return of its gold bullion held in custodial accounts held in London, to make its own airport vault facility (the Zurich Switzerland model)
3. Mongolian rare earth metals will no longer be exported to the West, an assault against hybrid cars, certain electronics, and military weapons (missiles).

Implications are enormous. The OTC abrogated contracts for crude oil and metal contracts, ripe with corruption and entirely unregulated, could wound deeply Goldman Sachs and JPMorgan. The demand for Hong Kong gold is more a symbolic threat, adding thrust to what already has begun. Germany, Switzerland, and the United Arab Emirates have demanded a return of their gold from US and UK storage locations, the corrupt centers where the gold was routinely leased illicitly. The trend puts considerable pressure on the COMEX, which could be deeply wounded from lack of underlying metal, as its corruption is exposed and shorting without collateral backfires. Neither the USGovt nor the USMilitary have accumulated stockpiles in rare earth metals, a clear lapse. The distraction of profits from bond fraud and narcotics trafficking must be too great. Rare earth metals are critical for weapons programs, and their absence could put further strain on the over-extended and generally strained USMilitary. See scandium (21), yttrium (39), and 15 elements from lanthanum (57) to lutetium (71), whose atomic numbers are cited in paranthesis. Skip over this part, Karl, as the elements up the scale are all just a blur to you. By the way, copper, silver, and gold are all in the same column for the periodic table of natural elements, a key point, since they share unique traits in their valence.

The Chinese actions border on extreme, but are part of a grand mosaic of change, if not rebellion amidst a Paradigm Shift. THE CHINESE ARE EXTREMELY ANGRY. They are angry about amplified USTreasury debt monetization. They are angry about outsized USGovt deficits. They are angry about USFed Chairman Bernanke being reappointed. They are angry about the battle waged by the USGovt against Swiss bankers. They are angry about Yuan currency manipulation charges. They are angry about being given second class seats at the global banker tables. They are angry about being set up as US debt bagholders. They are angry about the slow retreat of USMilitary presence in Asia. The entire foundation will undergo powerful changes from these three salvos, and more to come, likely even more defiant and elevated. The US-UK wizards who wrecked the banking system will soon be driven over the cliff, victims of their own devices, falling into a deep pit, weighed down by their own insolvency. That bank system insolvency grows worse by the month, as fresh credit portfolio losses still outpace USGovt 'gifts' and new capital infusions.

SAUDI BANKS READY TO TOPPLE

Saudi banks are beginning to topple, soon to cause deep ripples across the globe. Meanwhile, Saudi royals are under threat of assassination. The Saudi Arabian central bank announced it will not purchase the debts from two family businesses after a major default. The Saudi Arabian Monetary Agency will not cover the debt from Ahmad Hamad Algosaibi & Brothers and Maan al-Sanea's Saad Group. The debt is owed to local banks. Units of the two groups have borrowed at least $15.7 billion from more than 80 regional and international banks. About $5 billion of that is owed to Saudi banks, Standard Chartered stated in an August 26th report. See the Bloomberg article (CLICK HERE). On August 30th, a suicide bomber injured Saudi Prince Mohammed bin Nayef, son of the interior minister and nephew of King Abdullah. The incident took place in Jeddah Saudi Arabia. Reports indicate the motive might be tied to Saudi involvement in the civil war in Yemen. A check reveals that Ramadan ends on September 19th. Expect all hell to break loose in the Persian Gulf after its end. Mayhem will be permitted at that time.

In a Jackass public article entitled "US Bank Enemies at the Gates" from late August (CLICK HERE), the risk of broad Arab bank failures was mentioned. "But the Persian Gulf bank failures represent the clear and present threat - A bank panic in the Persian Gulf could ensue very soon, a back door threat. It would clearly have origins in the United Arab Emirates, spread to the entire Persian Gulf like to Saudi Arabia, Kuwait, and elsewhere. From this global toehold, the bank panic could then spread to London, New York, and points in Europe." Perhaps the origin of Persian Gulf bank shocks will be both Saudi Arabia and the United Arab Emirates. The construction project bust in Dubai, rescued by the Abu Dhabi bankers, will deliver massive shock waves soon. They own a boatload of USTreasurys and US bank stocks. The ugly geopolitical secret is that the reign of the Saudi regime has days that are numbered. The Saudi Royals are already constructing their new enclaves in Southern Spain and Los Angeles. The Saudis have even hired the European Aeronautic Defense & Space Company (EADS) to complete a large MidEast security project, to construct a fence which will encircle Saudi Arabia at a cost of $3.5 billion. These are the same geniuses who created the Airbus flying tomb. Can you say Maginot Line? No students of history in that room!

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Adviser: High unemployment for years

The president’s chief economic adviser warned Friday that the nation’s unemployment rate could stay “unacceptably high” for years to come — a situation that would seriously complicate Barack Obama’s ability to convince Americans that he’s beating back the recession.

“The level of unemployment is unacceptably high,” National Economic Council Director Larry Summers said Friday. “And will, by all forecasts, remain unacceptably high for a number of years.”

Summers’ comments came in a briefing with reporters ahead of Obama’s speech in New York City on Monday, marking the one-year anniversary of the collapse of Lehman Brothers, an event widely regarded as having created a panic that caused the global economic meltdown.

Even with his gloomy forecast for unemployment, Summers said the economy is getting better and made the case that Obama’s $787 billion stimulus package and other fiscal rescue steps headed off even more economic pain.

“We are making a clear transition from rescue as a priority of public policy to sustained recovery,” Summers said. “We have moved back from the brink of financial catastrophe.”

“Today, the question is, when will the recession phase end?” Summers said. He said the forecast is “for economic growth at a significant rate during the second half of 2009.”

But as is usually the case in economic recovery, job creation continues to lag. The national unemployment rate is at 9.7 percent, a 26-year high, and Obama has repeatedly said he ultimately expects it to hit double-digits before beginning to fall again.

The economy lost 216,000 jobs in the month of August, which was fewer than the July number of 276,000. Overall, 6.9 million jobs have been lost in the recession, which economists call the worst since the Great Depression.

With his remarks about sustained high unemployment, Summers touched on one of the most sensitive issues in the economy, closely watched by average Americans as a key reading of the nation’s economic health.

Unemployment is probably the single most important statistic for Democrats eyeing the mid-term Congressional elections next fall. If the unemployment rate begins to decline, the White House may have an easier time convincing voters that its enormous stimulus spending and massive federal intervention into the economy were effective. But if all the White House’s enormous efforts are unable to move the needle on unemployment, a so-called “jobless recovery” could seriously hamper the president’s party in the mid-terms.

White House spokesman Matthew Vogel said, "The President and the economic team are committed to tackling unemployment and are focused every single day on getting Americans back to work. Many economic indicators have turned positive, but employment is a lagging indicator and obviously the toughest nut to crack. We are confident that we are headed in the right direction, but that there's no room for complacency even as we see a return to growth later this year."

At the briefing, Summers walked a fine line between taking credit for the economic turnaround and declaring premature victory over the crisis.

“These problems were not made in a week or a month or a year,” Summers said. “They are not going to be fixed in a week or a month or a year.”

The president's chief economic adviser warned Friday that the nation's unemployment rate could stay 'unacceptably high' for years to come.

Read more: http://www.politico.com/news/stories/0909/27052_Page2.html#ixzz0R0D5yyKX

And he used the opportunity to make a pitch for the passage of financial regulatory reform – a key theme of Obama’s address Monday at Federal Hall near Wall Street. The administration’s proposals to change the rules of the road on Wall Street have been languishing on Capitol Hill. “We believe that this is the year, after what has happened, to overhaul financial regulation,” Summers said.

Earlier in the week, the White House said its research indicated the $787-billion economic stimulus bill passed earlier this year had saved or created 1 million jobs so far. That’s on pace, officials said, to hit the president’s goal of saving or creating 3.5 million jobs by the time the program ends in 2010.

And on Friday, the White House put out a raft of statistics to emphasize its point that the economy is responding to the forceful efforts of the Obama team.

The so-called Wall Street “fear index” is down by 58 percent since Inauguration Day; the S&P 500 is up 30 percent; and the LIBOR-OIS spread, which is widely seen as a measure of stress in the credit markets, is down 87 percent.

Looking back to global economic history, Summers said, “I’m not aware of any case in which so profound a crisis was addressed so forcefully and quickly.”

Summers also offered his thoughts on the TARP corporate bailout program, which has turned a profit on the amounts of money that have been repaid by large banks so far. But he said it wouldn’t be “reasonable” to expect that the entire program could turn a profit, because much of the money has been spent on inherently money losing efforts.

By EAMON JAVERS

Sarasota property flipper is filing for bankruptcy

Records show that in 2006 and 2007 he bought over 40 homes

Click to enlarge

In many cases, Arthur Seaborne, 66, sold houses to investors he recruited at real estate seminars.

SARASOTA - Arthur Seaborne, a Sarasota property flipper whose real estate investment ventures led to millions in mortgage defaults, has filed for bankruptcy for the third time in his turbulent investment career.

The 66-year-old former mortgage broker listed $2.15 million in assets and $2.55 million in debts on his Chapter 7 filing. But angry former clients say he owes much more.

They say Seaborne convinced them to buy houses on the promise that he would help find renters and make tax, mortgage and insurance payments. They say he then reneged on his agreements, leading at least 16 investors to default on their mortgage loans.

"He said he was going to be my broker and my investment coach," said Jessica Leis, who bought three houses in Venice and Ellenton from Seaborne in 2006 and 2007. "He said he would pay the expenses and we would split the profits when it came time to sell.

"He told me we were partners," said Leis, the widow of a police officer who died from injuries sustained during a 1990 rescue. "But we were never partners. He took advantage of me."

In July, the Herald-Tribune identified Seaborne in a six-part investigative series that uncovered $10 billion in potential property flipping fraud across the state. Seaborne was among the Sarasota area's most prolific flippers. The Manatee County Sheriff's Office and several federal agencies began investigating Seaborne in April, shortly after the Herald-Tribune contacted various agencies about his activities.

In 2006 and 2007, Seaborne bought 41 houses. Even though the real estate market was slumping at the time, Seaborne was able to sell each house at a profit within weeks or months of his purchase. In many cases, he sold the houses to investors he recruited at real estate seminars.

Leis and seven other investors contacted by the Herald-Tribune said they were attracted to Seaborne because he promised them riches with little risk and no money down.

Seaborne did not return a message left on his company's answering machine. In an interview early this year, he said his partnerships were all legitimate and his financial problems were the result of the real estate downturn.

"We certainly would not have done some of the buying we did if we knew we'd be where we are today," he said.

Tainted by controversy

Trouble has followed Seaborne throughout his career.

He relinquished his Florida real estate license in 1993 after complaints were filed with the Florida Department of Business and Professional Regulation that he falsified leases on a 32,000-square-foot Tampa office building in order to get a larger loan than would have otherwise been possible.

In 2008, he gave up his mortgage broker's license after being accused of selling mortgage securities to investors without a license and of lying on mortgage applications so clients could get loans.

In its complaint against Seaborne, the state Office of Financial Regulation said Seaborne failed to tell World Savings Bank he had loaned the required down payment to seven clients who applied for mortgages.

In addition, four former clients told the Herald-Tribune he directed them to lie on mortgage applications so they would qualify for loans on properties he was selling them.

"He falsified my income and the amount of money I had in the bank," said Bart Borriello, who invested in two houses with Seaborne. "He said he was doing that to keep the payments down."

Seaborne has filed for bankruptcy twice before, in 1988 and in 2001. His current bankruptcy, filed Aug. 7, shows that his home is a 2,300-square-foot house on Palmetto Lane in Sarasota that he bought for $510,000 in March 2004.

In addition, Seaborne states in court documents that he owns eight more houses valued at $1.65 million.

Those numbers do not include 10 houses he bought through his own limited liability companies or four homes he bought and then resold to his wife, Patricia. Court records show that banks have foreclosed on five of those 14 properties.

Though Seaborne has listed $2.55 million in debts on his bankruptcy filing, Anthony Lefco, a Sarasota attorney who sued Seaborne on behalf of Leis, believes Seaborne's debt total will increase after he provides an accurate accounting of what he owes more than 70 investors who participated in house-buying partnerships.

9/11 was a Hoax

The American government killed its own people

Opposed by everyone in the world who was not bought off, the illegal invasion of Iraq was undertaken for many reasons — the imminent replacement of the dollar by the euro as the world's primary currency, the tempting lure of untapped oil reserves, the desire to consolidate U.S./Israeli military hegemony over a strategically vital region — but the most important reason was to further obscure questions about the awesome deception staged by the American government that has come to be known as 9/11.

9/11 was a hoax. This is no longer a wild conspiracy assertion; it is a fact, supported by thousands of other verifiable facts, foremost of which are:

• The attacks of 9/11 COULD NOT HAVE HAPPENED without the willful failure of the American defense system. In Washington, Air Force pilots demanded to fly but were ordered to stand down. Yet instead of prosecuting the president and military leaders for this unprecedented dereliction of duty, military leaders were promoted and the president was praised for presiding over a defense system that suspiciously failed the most crucial test in its history. None of the deaths would have happened without the deliberate unplugging of America's air defenses.

  Planes that lose contact with control towers are usually intercepted by fighter jets inside of ten minutes, as the incident with the golfer's plane a few months earlier so clearly demonstrated. Yet on 9/11, the jetliners that struck New York were allowed to proceed unmolested for more than a half-hour, and the plane that supposedly crashed in Washington was not intercepted for more than an hour and forty minutes after it was widely known that four planes had been hijacked.

• The twin towers could not have collapsed as a result of burning jet fuel. Most of that fuel was consumed on impact. In the south tower, most of the fuel was spilled outside the building. Heat caused by burning jet fuel does not reach temperatures needed to melt steel. What does stand out as particularly suspicious and still unexplained is that fires raged out of control beneath THREE of the collapsed towers for ONE HUNDRED DAYS, clearly indicating the presence of some kind of substance utilized in the demolition of the structures.

  The Twin Towers did not fall because of plane impacts or fires. Most likely explosives were placed on structural supports in the towers (as was done in Oklahoma City), and these controlled implosions snuffed out the lives of three thousand people.

• FBI Director Robert Mueller insisted officials had no idea this kind of attack could happen when in fact the FBI had been investigating the possibility of EXACTLY this kind of attack for almost TEN YEARS. Numerous previous attempts at using planes as weapons, intimate knowledge of terror plans called Project Bojinka, and knowledge of suspicious characters attending flight schools who were being monitored by the FBI make his utterance a clear lie on its face.

  In the weeks before 9/11, the U.S. received warnings from all over the world that an event just like this was about to happen, but FBI investigations into suspected terrorists were suppressed and those warnings were deliberately disregarded.

• The names of the alleged hijackers, all ostensibly Muslims, were released to the public only hours after the attacks, despite Mueller saying we had no knowledge this would happen. This is an impossible twist of logic. If he didn't know of a plan to strike buildings with planes, how would he know the names of the hijackers? Various artifacts were discovered in strategic places to try to confirm the government's story, but these have all been dismissed as suspicious planting of evidence. Since that time several names on that list have turned up alive and well, living in Arab countries. Yet no attempt has ever been made to update the list. And why were none of these names on the airlines' passenger lists?

• Much like the invasion of Iraq, the anthrax attacks were designed to deflect attention from unanswered 9/11 questions in the patriotic pandemonium that followed the tragedy. In addition to making large amounts of money for the president's father and his friends from the hasty sale of inefficient drugs to a panicked populace, the investigation into these killings was abruptly halted when the trail of evidence led straight to the government's door, and has not been reopened. The anthrax attacks also amped up the climate of fear and deflected attention from the passage of the government's repressive Patriot Act.

• The Patriot Act was presented in the days after the tragedy supposedly as a response to it, yet it was clear that this heinous act, drafted to nullify provisions for freedom in the U.S. Constitution, was put together long before 9/11. In addition, testimony by Rep. Ron Paul (R-Texas) revealed that most members of Congress were compelled to vote for the bill without even reading it. This was a vote to eliminate the Constitutional Bill of Rights, which has defined American freedom for 200 years, and it was accomplished when legislators voted for the bill without even reading it.

• The invasion of Afghanistan was presented as an attempt to pursue the alleged perpetrators of 9/11, yet it had been discussed for years prior to the tragedy and actually planned in the months before the attacks on New York and Washington. Statements by Zbigniew Brzezinski and the Republican-written Project for a New American Century have stressed that America needed a formidable enemy to accomplish its aggressive geopolitical aims. The supposed enemy we attacked in Afghanistan was a diverse group of men from all over the world who were initially recruited, encouraged and supported by the American CIA.

• The hole in the Pentagon was not made by a jumbo jet. Damage to the building was simply not consistent with the size of the hole nor the absence of debris. At the supposed point of impact, a whole bank of windows remained unbroken and there were no marks on the lawn. No airplane debris (except what was planted on the lawn) nor remains of passengers were ever found.

• The president has admitted that he continued to read a story to schoolchildren in a Florida school for 30 minutes after being informed that two planes had struck New York and that the nation was under attack. He has never explained this puzzling behavior, nor how he saw the first plane hit. It was never televised, only recorded by a French crew filming firemen in New York. In that film, the plane in question does not appear to be a passenger airliner.

• The plane in Pennsylvania was shot down and broke apart in midair. No other explanation can account for the wreckage, which was spread over a six-mile area, or the eyewitness accounts that describe debris falling from the sky.

• Cellphone calls cannot be made from airliners in flight that are not close to the ground. As research by Professor A. K. Dewdney has shown, the emotional conversations between hijacked passengers and others would not have been possible under conditions that existed at that moment. These calls were cynical fabrications, exploiting the distraught emotions of those who lost loved ones.

• Radio communications from firefighters on the upper floors of the Trade Center towers clearly indicate that fires were under control and the structure was in no danger of collapsing.

These are merely a few of the deliberately false statements made by U.S. officials about 9/11. They provide crystal clear evidence that our president, his staff, and many legislators should be indicted on charges of treason, obstruction of justice and mass murder. Above all, these evil men should be removed from their positions of authority before they implement more of their moneymaking murder schemes like the one they are now perpetrating on the innocent people of Iraq.

Otherwise, we face a future of endless war abroad and merciless repression at home.

Consider just a few more of the other unanswered questions from among the thousands of unexplained loose ends that all point to 9/11 being an inside job.

• Who benefited from the suspiciously high numbers of put options purchased prior to September 11 for shares in companies whose stock prices subsequently plummeted, on the supposition that whoever was behind the hijacking was also behind most of the purchases of these put options? And what was the role of the new executive director of the CIA, Buzzy Krongard, who handled these transactions?

• Why was the debris from the collapsed Twin Towers removed from the site with no forensic examination? Why was almost all of it sold to scrap merchants and shipped abroad where it would not be available for scientific examination?

• Why does the government refuse to release any transcripts of communications or any records at all relating to signals of any form transmitted by those jets?

• Why did so many people, from San Francisco Mayor Willie Brown to many employees of companies in the World Trade Center who failed to come to work that day, know in advance that something bad was going to happen on Sept. 11, 2001?

• Why do all the major U.S. media continue to act as if none of these questions is legitimate or relevant?

Today, millions of people around the world are protesting the criminal destruction of the nation of Iraq. But these protests won't change the number of minds necessary to stop America's criminal madmen from continuing with their genocidal aim of enslaving the entire world.

What WILL stop them is spreading the realization that President George W. Bush and his billionaire accomplices in the oil industry perpetrated 9/11 as an excuse to begin the militarization of America for the purpose of world conquest.

History has shown all too clearly the deceived American people WILL support the destruction of faraway countries on phony pretexts of defending so-called freedom.

Thus the needless wars continue. Right now we watch high-tech weapons slaughter the defenseless people of Iraq. Soon it will be Iran, Syria, Colombia, Venezuela, North Korea, Egypt, Libya, Nigeria, North Korea, Pakistan, Saudi Arabia, and who knows where else. All these misguided atrocities will be possible because of the hoax known as 9/11.

But the American people will not — and cannot — tolerate leaders who kill our own people merely to invent a pretext — the war on terror — to go around killing anyone they like.

If the American people DO tolerate such an insane strategy, then they clearly do not deserve to survive as a nation or a people.

by John Kaminski

3 more down: Bank failure tally hits 92

Regulators close banks in Illinois, Minnesota and Washington at a cost of more than $2 billion to the FDIC.

NEW YORK (CNNMoney.com) -- Regulators closed one large bank in Illinois on Friday in one of the biggest collapses of the year, while two other smaller failures pushed the 2009 total to 92.

Customers of the banks, however, are protected. The Federal Deposit Insurance Corp, which has insured bank deposits since the Great Depression, covers customer accounts up to $250,000.

In Illinois, 16 banks have failed so far this year, including Chicago-based Corus Bank, which was closed by the Office of the Comptroller of the Currency on Friday.

Corus, which operated 11 branches, had deposits of about $7 billion and total assets of around $7 billion assets, the FDIC said.

MB Financial Bank, which is also based in Chicago, will acquire all of the failed bank's deposits and agreed to buy $3 billion of its assets. Much of Corus' assets are condo loans backed by developments, and the FDIC is expected to sell them off within the next 30 days.

"This is our third FDIC transaction this year and we are pleased to provide a safe and secure home at MB for Corus customers," said Mitchell Feiger, chief executive of MB Financial, in a statement.

Two smaller banks were also shuttered on Friday night.

In Minnesota, Brickwell Community Bank, which operated one branch in Woodbury, was closed by state officials.

Mitchell, S.D.-based CorTrust Bank will take over Brickwell's $63 million in deposits and will purchase "essentially all" of its $72 million in assets, the FDIC said.

And in Washington state, Venture Bank of Lacy was closed by state regulators.

First-Citizens Bank & Trust Company in Raleigh, N.C., took over all of the deposits of Venture Bank.

Venture Bank had 18 branches that will reopen Saturday as branches of First-Citizens Bank & Trust Company. As of July 28, Venture Bank had assets of $970 million and deposits of about $903 million. First-Citizens Bank agreed to purchase some $874 million of the assets.

So far this year, the number of banks closed by regulators is nearly four times the number of banks that failed in 2008, and it's the highest tally since 1992, when 181 banks failed.

The majority of this year's failures have been small, regional banks that fell victim to losses on real estate and consumer loans as unemployment surged to a 25-year high.

The wave of failures is expected to continue, raising concerns about the size of the FDIC's fund.

The cost of Friday's bank failures to the FDIC is an estimated $2 billion.

Over the next five years, the FDIC expects roughly $70 billion in losses due to the failure of insured institutions.

The Secret Service at Booker Elementary: The Dog That Did Not Bark

9/11 White House press briefing: "The United States Secret Service immediately secured the President, the Vice President and the Speaker of the House, and they are all safe." WMV video download (335kB)

Okay, let's have a look at how the Secret Service reacted when President Bush was informed by Andrew Card that America was under attack:

Video of President Bush's visit to Booker Elementary on 9-11 RealVideo excerpt 7 MB QuickTime full video 25 MB

The fictional Sherlock Holmes solved the crime in "Silver Blaze" by deducing it was the owner of the house who was the criminal. How did he know? Because the dog did not bark. The only person who could have committed the crime without arousing the dog was someone the dog knew as a friend, the dog's owner.

Inspector Gregory: "Is there any other point to which you would wish to draw my attention?" Holmes: "To the curious incident of the dog in the night-time." "The dog did nothing in the night time" "That was the curious incident," remarked Sherlock Holmes. From "The Adventure of Silver Blaze" by Arthur Conan Doyle

Now let us turn our Sherlockian logic on 9-11.

Hijacked aircraft were wandering across the eastern half of the country. In theory no-one could have known how many planes had been hijacked. Two planes had crashed into the World Trade Center, Bush was at a publicised photo opportunity at Booker Elementary School, and there is an airport only four miles from this School.

Click for larger map

Florida Straits: Bush Presses Education Agenda in Sunshine State W A S H I N G T O N, Sept. 10 — President Bush headed to Florida today to push for quick passage of his education reforms as the flagging economy commands increasing attention back in the nation's capital. [ABC News] Federal News 9/11 schedule - click for full size

The Sarasota Herald Tribune announced Bush's visit to Booker Elementary on September 8th, giving the 9-11 planners three days to include Bush as a target for a diving jetliner. Nobody could have safely assumed he was not a target.

1913: Congress authorized permanent [Secret Service] protection of the President and the statutory authorization for President-elect protection. [secretsevice.gov]

The Booker Elementary video shows the Secret Service did not rush in to remove the President to a secure location, or at least to the safety of the armored Presidential Limousine. That's their job. That's what they do in the case of a real surprise attack with many unknowns. They don't do anything else.

But the Secret Service did nothing. The dog did not bark.

Bush defenders try to explain Bush's inaction as his not wanting to upset the children. Michael Moore's "Fahrenheit 9-11" suggests Bush's inaction was due to his not being told to leave. But Michael Moore fails to follow that line of reasoning through to its logical conclusion; where were the people whose job it is to get the President to a place of safety in event of attack, the people who would have, SHOULD have, pulled Bush out of there, children and public appearances be damned!

The Secret Service did nothing. The dog did not bark.

If the events of 9-11 were truly a surprise to the United States Government then there is no way the Secret Service could have known there wasn't a hijacked or stolen plane heading towards Booker Elementary School that very second.

The Secret Service did nothing. The dog did not bark.

The Secret Service should be in that video, but they are not. It is clear from their inaction that they KNEW FOR A FACT THAT THE PRESIDENT WAS NOT A TARGET OF ONE OF THE HIJACKED PLANES. The intended targets of the planes had to have been known.

The dog did not bark because the criminal was its master.

Quod Erat Demonstradum, the Bush administration was part of the 9-11 plot.

Canary in the Coal Mine

Like a battering ram in a medieval siege, gold keeps hammering away at the gate. For the third time in less than twelve months, the yellow metal is once again crashing into the $1,000 per ounce level. As of press time, it looks like gold will close above that level today and will set a new record in the process. Even if the breach is fleeting, who can doubt that it will mount another assault soon? In the meantime, there is no shortage of market analysts who are not buying gold while questioning the motives of those who are. Although they offer a variety of strained reasons, they nearly all agree that it has nothing to do with inflation, which is nearly universally considered dead and buried. As a self-confessed gold bug, I can assure all that inflation is the only reason I buy gold. And recently, I’m buying a lot.

When individuals choose to accumulate savings in the form of gold rather than interest-bearing paper deposits in government-insured accounts, there is only one reason for doing so: they fear that the interest will not be enough to compensate for their expected loss of purchasing power through inflation. This fear reflects both current inflation and the expectation for future inflation. While there are those who buy gold to speculate on its appreciation, the underlying factor that drives that appreciation in the first place will always be inflation. If governments were not creating inflation, there would be little investment advantage to owning gold.

Some believe that gold investors are primarily motivated by fear. It is often assumed that gold is the one asset class that holds its value when all other asset classes are falling due to market uncertainty. But this explanation brings us right back to inflation. When economies move into recession, there is always political pressure for governments to intervene. Their one tool is the printing press.

When governments act to prop up sagging markets, or bail out investors or depositors of failed institutions, they create inflation (print money) to pay for it. This, in effect, transfers capital from prudent investors to speculators. At the same time, it pulls the rug out from under the safest vehicles of traditional investment – bonds and cash. It becomes hard for investors to protect their principal, much less grow their wealth. Some turn to gold, with its historically guaranteed ‘floor’ against losses, and others start making ever riskier investments to try to ‘beat’ the inflation rate.

Gold’s appeal as an asset of choice during times of political uncertainty, particularly during wartime, is again a function of its being a hedge against inflation. Wars are always expensive. They are also often unpopular, which makes paying for them through tax increases politically dangerous. As a result, they are almost always financed through the ‘secret tax’ of inflation. For a nation that loses a war, or suffers revolution or systemic civil conflict, there is always the chance that its currency could become worthless. While this may not be the kind of inflation that we read about in the business section, it is the ultimate form of the monetary malady – whereby a currency loses all of its purchasing power.

Whenever the price of gold rises sharply, I always take it as an early warning sign that inflation expectations are rising. If those expectations are not met, its price will fall. If the market is correct, gold will maintain its gains. And if the inflation continues to intensify, so too will gold’s rise. Most analysts, however, simply look at the dubious CPI to determine the presence of inflation and inflation expectations. They perennially forget that prices are a lagging indicator and only a symptom of inflation, and may in fact not be rising at the moment when inflation kicks into high gear.

The anti-gold camp takes their greatest solace from the bond market, where things have been eerily quiet. They maintain that since bond yields have not risen much, inflation must not be a problem, and so the gold bugs are simply paranoid. The bond market, they tell us, is populated by ‘vigilantes’ who sound a bugle call at the first whiff of inflation. But this argument ignores the fact that central bankers themselves are the biggest bond buyers and are in effect ‘vigilantes-in-chief.’ Their outsized participation in the market has led to gross distortions. When the Fed or another central bank buys treasuries, real returns are not considered. Purchases are made for political reasons rather than investment merit, which renders meaningless the signals current bond prices are sending.

The gold-bashers also believe that reduced consumer demand due to unemployment will keep inflation pressures at bay for the foreseeable future. However, inflation will ultimately act to reduce the supply of goods much faster than unemployment reduces demand for goods, sending prices up despite lower demand. The stagflation of the 1970s is an example of such an outcome.

The bottom line is that gold is continuing its long-term bull run, and those who dismiss the message behind its rise do so at their own financial peril. When it comes to inflation, gold is the canary in the economic coal mine. Just as unseen toxins kill the canary before the miners succumb to the fumes, a spike in gold is a harbinger of reckless monetary devaluation. Our leading commentators think that since they can’t see or smell the gas, all those canaries (gold prices, commodity prices) must be dying of natural causes. Good luck to them when the toxins flood the mine.

Has Osama Bin Laden been dead for seven years - and are the U.S. and Britain covering it up to continue war on terror?

The last time we heard a squeak from him was on June 3 this year.

The world's most notorious terrorist outsmarted America by releasing a menacing message as Air Force One touched down on Saudi Arabian soil at the start of Barack Obama's first and much vaunted Middle East tour.

Even before the new President alighted at Riyadh airport to shake hands with Prince Abdullah, Bin Laden's words were being aired on TV, radio and the internet across every continent.

Genuine picture: Osama Bin Laden in October 2001

It was yet another propaganda coup for the 52-year-old Al Qaeda leader. In the audiotape delivered to the Arab news network Al Jazeera, Bin Laden said that America and her Western allies were sowing seeds of hatred in the Muslim world and deserved dire consequences.

It was the kind of rant we have heard from him before, and the response from British and U.S. intelligence services was equally predictable.

They insisted that the details on the tape, of the President's visit and other contemporary events, proved that the mastermind of 9/11, America's worst ever terrorist atrocity, was still alive - and that the hunt for him must go on.

More...

• The monster who wants to be a martyr: 9/11 mastermind Khalid Sheikh Mohammed is now aiming for execution
• Behind all terror attacks against Britain, Bin Laden's Holy Warrior

Bin Laden has always been blamed for orchestrating the horrific attack - in which nearly 3,000 people perished - eight years ago this week. President George W. Bush made his capture a national priority, infamously promising with a Wild West flourish to take him 'dead or alive'.

The U.S. State Department offered a reward of $50million for his whereabouts. The FBI named him one of their ten 'most wanted' fugitives, telling the public to watch out for a left-handed, grey-bearded gentleman who walks with a stick.

Fake? Bin Laden two months later, when he was supposedly dead

Yet this master terrorist remains elusive. He has escaped the most extensive and expensive man-hunt in history, stretching across Waziristan, the 1,500 miles of mountainous badlands on the borders of Pakistan and Afghanistan.

Undeterred, Barack Obama has launched a fresh operation to find him. Working with the Pakistani Army, elite squads of U.S. and British special forces were sent into Waziristan this summer to 'hunt and kill' the shadowy figure intelligence officers still call 'the principal target' of the war on terror.

This new offensive is, of course, based on the premise that the 9/11 terrorist is alive. After all, there are the plethora of 'Bin Laden tapes' to prove it.

Yet what if he isn't? What if he has been dead for years, and the British and U.S. intelligence services are actually playing a game of double bluff?

What if everything we have seen or heard of him on video and audio tapes since the early days after 9/11 is a fake - and that he is being kept 'alive' by the Western allies to stir up support for the war on terror?

Incredibly, this is the breathtaking theory that is gaining credence among political commentators, respected academics and even terror experts.

Of course, there have been any number of conspiracy theories concerning 9/11, and it could be this is just another one.

But the weight of opinion now swinging behind the possibility that Bin Laden is dead - and the accumulating evidence that supports it - makes the notion, at the very least, worthy of examination.

The theory first received an airing in the American Spectator magazine earlier this year when former U.S. foreign intelligence officer and senior editor Angelo M. Codevilla, a professor of international relations at Boston University, stated bluntly: 'All the evidence suggests Elvis Presley is more alive today than Osama Bin Laden.'

9/11: Bin Laden originally insisted in official press statements that he had played no role in the atrocity

Prof Codevilla pointed to inconsistencies in the videos and claimed there have been no reputable sightings of Bin Laden for years (for instance, all interceptions by the West of communications made by the Al Qaeda leader suddenly ceased in late 2001).

Prof Codevilla asserted: 'The video and audio tapes alleged to be Osama's never convince the impartial observer,' he asserted. 'The guy just does not look like Osama. Some videos show him with a Semitic, aquiline nose, while others show him with a shorter, broader one. Next to that, differences between the colours and styles of his beard are small stuff.'

There are other doubters, too. Professor Bruce Lawrence, head of Duke University's religious studies' department and the foremost Bin Laden expert, argues that the increasingly secular language in the video and audio tapes of Osama (his earliest ones are littered with references to God and the Prophet Mohammed) are inconsistent with his strict Islamic religion, Wahhabism.

He notes that, on one video, Bin Laden wears golden rings on his fingers, an adornment banned among Wahhabi followers.

Bin Laden in 1998 (l) and, allegedly, in 2002: Sceptics have pointed to a thicker nose and the ring on his right hand as proof it is an imposter

This week, still more questions have been raised with the publication in America and Britain of a book called Osama Bin Laden: Dead or Alive?

Written by political analyst and philosopher Professor David Ray Griffin, former emeritus professor at California's Claremont School of Theology, it is provoking shock waves - for it goes into far more detail about his supposed death and suggests there has been a cover-up by the West.

The book claims that Bin Laden died of kidney failure, or a linked complaint, on December 13, 2001, while living in Afghanistan's Tora Bora mountains close to the border with Waziristan.

His burial took place within 24 hours, in line with Muslim religious rules, and in an unmarked grave, which is a Wahhabi custom.

The author insists that the many Bin Laden tapes made since that date have been concocted by the West to make the world believe Bin Laden is alive. The purpose? To stoke up waning support for the war on terror in Iraq and Afghanistan.

To understand Griffin's thesis, we must remember the West's reaction to 9/11, that fateful sunny September day in 2001. Within a month, on Sunday, October 7, the U.S. and Britain launched massive retaliatory air strikes in the Tora Bora region where they said 'prime suspect' Bin Laden was living 'as a guest of Afghanistan'.

This military offensive ignored the fact that Bin Laden had already insisted four times in official Al Qaeda statements made to the Arab press that he played no role in 9/11.

Indeed, on the fourth occasion, on September 28 and a fortnight after the atrocity, he declared emphatically: 'I have already said I am not involved. As a Muslim, I try my best to avoid telling a lie. I had no knowledge... nor do I consider the killing of innocent women, children and other humans as an appreciable act.'

Within hours of the October 7 strikes by the U.S. on Tora Bora, Bin Laden made his first ever appearance on video tape. Dressed in Army fatigues, and with an Islamic head-dress, he had an assault rifle propped behind him in a broadly lit mountain hideout. Significantly, he looked pale and gaunt.

Although he called President George W. Bush 'head of the infidels' and poured scorn on the U.S., he once again rejected responsibility for 9/11.

'America was hit by God in one of its softest spots. America is full of fear, from its north to its south, from its west to its east. Thank God for that.'

Then came a second videotape on November 3, 2001. Once again, an ailing Bin Laden lashed out at the United States. He urged true Muslims to celebrate the attacks - but did not at any time acknowledge he had been involved in the atrocity.

And then there was silence until December 13, 2001 - the date Griffin claims Bin Laden died. That very day, the U.S. Government released a new video of the terror chief. In this tape, Bin Laden contradicted all his previous denials, and suddenly admitted to his involvement in the atrocity of 9/11.

The tape had reportedly been found by U.S. troops in a private home in Jalalabad, Afghanistan, after anti-Taliban forces took over the city. A label attached to it claimed that it had been made on November 9, 2001.

Bush made Bin Laden's capture a national priority, claiming he could get his man - dead or alive

The tape shows Bin Laden talking with a visiting sheik. In it, he clearly states that he not only knew about the 9/11 atrocities in advance, but had planned every detail personally.

What manna for the Western authorities! This put the terrorist back in the frame over 9/11. The Washington Post quoted U.S. officials saying that the video 'offers the most convincing evidence of a connection between Bin Laden and the September 11 attacks'.

A euphoric President Bush added: 'For those who see this tape, they realise that not only is he guilty of incredible murder, but he has no conscience and no soul.'

In London, Downing Street said that the video was 'conclusive proof of his involvement'. The then Foreign Secretary, Jack Straw, added: 'There is no doubt it is the real thing. People can see Bin Laden there, making those utterly chilling words of admission about his guilt for organising the atrocities of September 11.'

Yet Professor Griffin claims this 'confessional' video provokes more questions than answers. For a start, the Bin Laden in this vital film testimony looks different.

He is a weighty man with a black beard, not a grey one. His pale skin had suddenly become darker, and he had a different shaped nose. His artistic hands with slender fingers had transformed into those of a pugilist. He looked in exceedingly good health.

Furthermore, Bin Laden can be seen writing a note with his right hand, although he is left-handed. Bizarrely, too, he makes statements about 9/11 which Griffin claims would never have come from the mouth of the real Bin Laden - a man with a civil engineering degree who had made his fortune (before moving into terrorism) from building construction in the Middle East.

For example, the Al Qaeda leader trumpets that far more people died in 9/11 than he had expected. He goes on: 'Due to my experience in this field, I was thinking that the explosion from the gas in the plane would melt the iron structure of the building and collapse the area where the plane hit and all the floors above it only. That is all we had hoped for.' (In reality the Twin Towers' completely fell down).

The words of the true Bin Laden? No, says Griffin, because of the obvious mistakes. 'Given his experience as a contractor, he would have known the Twin Towers were framed with steel, not iron,' he says.

'He would also known that steel and iron do not begin to melt until they reach 2,800 deg F. Yet a building fire fed by jet fuel is a hydrocarbon fire, and could not have reached above 1,800 deg F.'

Griffin, in his explosive book, says this tape is fake, and he goes further.

'A reason to suspect that all of the post-2001 Bin Laden tapes are fabrications is that they often appeared at times that boosted the Bush presidency or supported a claim by its chief 'war on terror' ally, British Prime Minister Tony Blair.

'The confession tape came exactly when Bush and Blair had failed to prove Bin Laden's responsibility for 9/11 and both men were trying to win international public support, particularly in the Islamic world, for the anti-terrorist campaign.'

Griffin suggests that Western governments used highly sophisticated, special effects film technology to morph together images and vocal recordings of Bin Laden.

So if they are fakes, why has Al Qaeda kept quiet about it? And what exactly happened to the real Bin Laden?

The answer to the first question may be that the amorphous terrorist organisation is happy to wage its own propaganda battle in the face of waning support - and goes along with the myth that its charismatic figurehead is still alive to encourage recruitment to its cause.

As for the matter of what happened to him, hints of Bin Laden's kidney failure, or that he might be dead, first appeared on January 19, 2002, four months after 9/11.

This was when Pakistan's President Pervez Musharraf told America's news show CNN: 'I think now, frankly, he is dead for the reason he is a kidney patient. The images of him show he is extremely weak.'

In his book, Professor Griffin also endorses this theory. He says Bin Laden was treated for a urinary infection, often linked to kidney disease, at the American Hospital in Dubai in July 2001, two months before 9/11. At the same time, he ordered a mobile dialysis machine to be delivered to Afghanistan.

How could Bin Laden, on the run in snowy mountain caves, have used the machine that many believe was essential to keep him alive? Doctors whom Griffin cites on the subject think it would have been impossible.

He would have needed to stay in one spot with a team of medics, hygienic conditions, and a regular maintenance programme for the dialysis unit itself.

And what of the telling, small news item that broke on December 26, 2001 in the Egyptian newspaper Al-Wafd? It said a prominent official of the Afghan Taliban had announced that Osama Bin Laden had been buried on or about December 13.

'He suffered serious complications and died a natural, quiet death. He was buried in Tora Bora, a funeral attended by 30 Al Qaeda fighters, close members of his family and friends from the Taliban. By the Wahhabi tradition, no mark was left on the grave,' said the report.

The Taliban official, who was not named, said triumphantly that he had seen Bin Laden's face in his shroud. 'He looked pale, but calm, relaxed and confident.'

It was Christmas in Washington DC and London and the report hardly got a mention. Since then, the Bin Laden tapes have emerged with clockwork regularity as billions have been spent and much blood spilt on the hunt for him.

Bin Laden has been the central plank of the West's 'war on terror'. Could it be that, for years, he's just been smoke and mirrors?

Scientific Facts on 9/11 Point at US

Obama accessory after the fact of 9-11

Notwithstanding the best efforts of the US Establishment to cover-up the truth, Science has finally proven US complicity in the 9-11 atrocity before, during and after. Obama’s part in the US post-9-11 Big Lie make him an accessory after the fact of the 9-11 atrocity.

Sane, educated people with a modicum of scientific education and experience know that (1) steel and concrete skyscrapers don't turn to shattered steel, molten metal and fine powder in 10 seconds after localized, relatively low temperature fires and (2) trainee pilots trained on light aircraft for several weeks can't land a passenger jet on a dime (i.e. on the ground floor of the Pentagon) after allegedly slicing through half a dozen light poles and evading umpteen other obstacles on the landing strip (trees, cars, overpasses etc).

However, the ignorance, gullibility and stupidity of the American people as a whole has no bounds – thus a 2004 CBS News Poll of Americans established that 67% believe that God created humans in their present form; 27% believe that Humans evolved but God guided the process; a mere 6% believe that humans evolved and God did not guide the process; 71% want creationism taught as well as evolution in schools; and 37% want creationism to replace any teaching of evolution in schools [i.e. flagrant intellectual child abuse](see CBS News, “Poll: Creationism trumps Evolution. Most Americans do not believe human beings evolved”, 22 November 2004: .

Two key studies provide crucial evidence for (1) the explosive demolition of the Twin Towers and WTC Building 7 (WTC7) on 9-11 and that (2) the low-flying passenger jet plane did not hit the Pentagon on 9-11.

1. Unexploded nanothermite high explosive in all WTC dust samples studied proves explosive demolition of the WTC on 9-11.

The expert state-of-the-art finding by Professor Niels Harrit (Chemistry Department, 8-Nobel-Laureate University of Copenhagen), and his colleagues, of unexploded nanothermite high explosive in all samples of WTC dust analyzed proves that explosive demolition destroyed the Twin Towers and building WTC7 (see "Is US responsible for 9-11 atrocity? Scientists find nano-thermite in WTC dust“ : http://mwcnews.net/content/view/29921/42/ .

Only the US Government and/or its surrogates (e.g. the Israelis) were able to effect explosive demolition of these 3 buildings (for details of how this was most likely effected see the commentary to “9/11, Antisemitism and Denial”: - Marvin Bush, George W. Bush’s brother, was a principal in the company providing security for the WTC, which underwent a security, telecommunications and computer shutdown weeks before 9-11).

The discovery of unexploded nanothermite involved various advanced - but quite standard - chemical physics techniques (SEM, BSE, XEDS) available with a single workstation involving Scanning Electron Microscopy (SEM; to image sample surface using a beam of high energy electrons), BSE (Backscattered Electron imaging based on detection of scattered electrons) and XEDS ( X-ray Energy-Dispersive Spectroscopy for chemical elemental analysis ) coupled with DSC (Differential Scanning Calorimetry, which determines the difference in the amount of heat required to increase the temperature of an experimental sample and reference; a DSC trace shows the relationship of heat flux to temperature, and thereby the endothermic or exothermic [e.g. explosive] behavior of the sample). Very small particle size nano-thermite is much more explosive than standard thermite.

Professor Harrit has described their finding of unexploded nanothermite high explosive in the WTC dust as akin to discovering not just the murder weapon but finding a “loaded gun”.

2. Eye-witnesses comprehensively contradict official version of Pentagon attack – the low-flying plane over-flew and did not hit the Pentagon.

However a three year independent investigation by into the September 11, 2001 attack on the Pentagon has yielded new eyewitness evidence which, according to the Southern California-based Citizen Investigation Team researchers who conducted the investigation: "conclusively (and unfortunately) establishes as a historical fact that the violence which took place in Arlington that day was not the result of a surprise attack by suicide hijackers, but rather a military black operation involving a carefully planned and skilfully executed deception."

In short, numerous videotaped eyewitnesses assert that a plane flew very low, well north of the US Government's Hollywood-style storyline flight path and then flew over the Pentagon (see “Researchers present new eyewitness testimony which they say proves the government's story [re 9-11 Pentagon attack] to be a "monstrous lie").

Obama goes along with the "official Bush version" notwithstanding the well-documented and pathological dishonesty of the Bush Administration (see the conservative Murdoch media News, "George W Bush, White House told 935 lies [about Iraq] after September 11" .

Obama is in a position to lift the lid on the can of Bush Administration lies even a tiny bit, but he won't and accordingly has become an accessory after the fact of the 9-11 atrocity – we don’t know for sure who exactly did 9-11 (e.g. the US alone or with the help of its racist, nuclear terrorist surrogate Apartheid Israel) but we do know for sure that Obama is an accessory after the fact.

While the evidence for US complicity is clear and compelling, we do not know who exactly did the 9-11atrocity that killed 3,000 people (e.g. whether it was the US alone, or the US in cahoots with Apartheid Israel).

However UN and US medical epidemiological data mean that we do know who has been responsible for the 9-11 million violent and non-violent excess deaths associated with the Bush (and now Obama) wars (1990-present) – George Bush I, Bill Clinton, George Bush II and Barack Hussein Obama.

In pre-invasion Iraq under Sanctions, war and US, UK and (covert) Israeli bombing (1990-2003), violent and non-violent excess deaths totalled 1.9 million and under-5 infant deaths totalled 1.2 million (see: “Iraqi Genocide” ).

In the Occupied Palestinian, Iraqi and Afghan Territories post-invasion non-violent excess deaths total 0.3 million, 1.0 million and 3.2 million, respectively; post-invasion violent deaths total about 11,000, 1.3 million and up to 4 million, respectively; post-invasion under-5 infant deaths total 0.2 million, 0.6 million and 2.3 million, respectively; and refugees total 7 million, 5-6 million and 3-4 million, respectively, with a further 2.5 million Pashtun refugees generated by Obama in NW Pakistan – this constituting a Palestinian Holocaust, an Iraqi Holocaust and an Afghan Holocaust and a Palestinian Genocide, Iraqi Genocide and Afghan Genocide as defined by Article 2 of the UN Genocide Convention and egregious war crimes due in part to Occupier war criminal non-supply of life-sustaining food and medical requisites demanded unequivocally by Articles 55 and 56 of the Geneva Convention Relative to the Protection of Civilian Persons in Time of War (for detailed documentation of sources see “Iraq invasion 6th anniversary. 2.3 million excess deaths”: http://mwcnews.net/content/view/29360/42/ ).

The killing continues under Obama – indeed it is estimated that about 1,800 Indigenous People die avoidably every day in the US American Empire, this including 1,000 children but not including “violent deaths” because, according to a notorious US general, “we don’t do body counts”(see “Hey, hey, USA, how many kids did you kill today? Answer: 1,000” ) .

Barack Hussein Obama should be prosecuted as a war criminal, a mass pedocide and as an accessory after the fact of the 9-11 atrocity.