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Archive for October 29th, 2010

Suspicious “Items” Were Headed For Chicago Religious Institutions

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October 29, 2010: Chicago CBS Local.com Editor’s / Chicago CBS Local.com – October 29, 2010

Updated October 29-31, 2010 – SJH

CHICAGO (CBS) – Authorities stopped two cargo planes with suspicious packages onboard, after learning the items were being sent from Yemen to synagogues in Chicago. Federal officials say two packages from Yemen that were rigged in some way were found on cargo planes. One was a UPS plane stopped in the UK. The other was a FedEx plane stopped in Dubai, United Arab Emirates. A U.S. official told CBS News both planes were searched in response to a specific warning that they were carrying suspicious packages addressed to synagogues or Jewish centers in Chicago.

The Jewish Federation of Metropolitan Chicago was notified of the situation at 10:30 a.m. Friday, and officials there are “taking proper precautions,” said associate vice president Linda Haase. The organization is also advising local synagogues to take precautions, Haase said. Meanwhile, CBS News reports all UPS flights have been grounded. A law enforcement source tells CBS 2 Chief Correspondent Jay Levine the word is out to synagogues in Chicago not to accept UPS packages from east of New York. They are asked to call Chicago Police if any delivery is attempted.

FBI spokesman Ross Rice added that while there are no identifiable or specific threats to the Chicago area, all churches, synagogues and mosques in the area are being warned to be vigilant for unsolicited or unexpected packages, especially those originating from overseas locations. Authorities say the UPS plane was headed to Chicago from Yemen, and had on-board an ink toner cartridge that looked like it had been converted into a bomb (pictured above). The plane was stopped in the UK Thursday night, CNN reported.

U.K. officials discovered that the toner cartridge had been manipulated and found wires attached to it and white powder. Tests on the device came back negative for explosives, according to a law enforcement official who also spoke on condition of anonymity to discuss the investigation. The UPS plane was held at East Midlands Airport, near Nottingham, England. Police and emergency workers examined the package and lifted the security cordon by mid-morning, but Leicestershire Constabulary later said officers were re-examining it “as a precaution.”

Sarah Furbank, a passenger who was about to board a plane out of East Midlands Airport, said that she had noticed an increased security presence. There were “quite a few police cars round the edge” of the airport, Furbank told The Associated Press. “Apparently there was an incident earlier according to staff but they didn’t go into detail.” Additional information is not known about the FedEx plane in Dubai.

President Barack Obama was notified of the potential terrorist threat Thursday evening, and “directed U.S. intelligence and law enforcement agencies, and the Department of Homeland Security, to take steps to ensure the safety and security of the American people, and to determine whether these threats are a part of any additional terrorist plotting,” according to a statement from White House press secretary Robert Gibbs.

“The president has received regular updates from his national security team since he was alerted to the threat,” Gibbs added. President Obama is set to make a statement on the incident at 3:15 p.m.

Other cargo planes around the U.S. and the world were also searched as a precaution because they carried packages originating in Yemen. Specifically, law enforcement officials packages on two cargo planes in Philadelphia and one in Newark, N.J. One of the flights to Philadelphia was coming in from Paris. The other from Cologne, Germany, and was scheduled to go on to Louisville, Ky.

Police also stopped a UPS truck with a package on New York’s Queensboro Bridge into downtown Manhattan. Some experts said the incident might have been a dry run to test security on cargo planes.

The Tonka Report Editor’s Note: This is a fucking joke! Does anyone actually believe this manufactured booga booga? This is clearly a false flag pre-election reminder that Yemen is in Israel’s, thus their compliant slaves in America’s crosshairs! Mossad, MI6, CIA, FBI and the IDF are comically lacking in creativity.

Let’s ponder a few fundamental questions: Who tipped off the intelligence agencies around the world to these “suspicious items” if no bomb sniffing dogs were alerted? Who else but these very same intelligence agencies could orchestrate such an obvious production? Now reports have come in that bomb material has been found in Dubai that allegedly originated in Yemen to give “creedence” to this worldwide false flag “terrorism” alert…

CNN News

Sky News

Don’t worry, America! President Barry Soetoro will keep you safe from Osama bin Dead and Al CIA-da… – SJH

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UPDATE ———————————– October 29, 2010 UPDATE ———————————– UPDATE

Obama Issues Fake Terror Alert On Eve Of Elections

http://www.prisonplanet.com/obama-issues-fake-terror-alert-on-eve-of-elections.html

Corporate Media On High Alert Over “Manipulated” Toner Cartridge On UK Plane

http://www.infowars.com/corporate-media-on-high-alert-over-manipulated-toner-cartridge-on-uk-plane/

Barack Obama Accused Of Exaggerating Terror Threat For Political Gain

http://www.disinfo.com/2010/10/barack-obama-accused-of-exaggerating-terror-threat-for-political-gain/ 

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UPDATE ———————————– OCTOBER 30, 2010 UPDATE ———————————– UPDATE

 Yemen Says UPS Planes Never Take Off Or Land In It

http://www.sabanews.net/en/news227621.htm

Suspicious Package To U.S. Not From Yemen; Yemenia Air Cargo Director

http://www.yemenpost.net/Detail123456789.aspx?ID=3&SubID=2705&MainCat=3

Yemen Officials: Packages Didn’t Come From Yemen

http://news.antiwar.com/2010/10/29/yemen-officials-packages-didnt-come-from-yemen/

TTR UPDATE: When this story first broke yesterday here in Chicago, WBBM 780 AM radio reported that Jewish Synagogues were the target. Shortly thereafter, the Chicago Police had announced that all religious institutions were targeted and warned Churches, Synagogues and Mosques to be on the alert.

The Chicago Police also reported that the FBI said tests on the suspicious packages had all come back negative for any bomb explosive materials and posed no immediate threat. Then, Obama contradicts this in his speech.

Bomb Scare Is BS

Now, all that is being regurgitated by the corporate presstitutes incessantly is that indeed explosives had been detected and that the packages were specifically mailed only to Jewish institutions here in Chicago via Yemen. However, as the above reports confirm, no packages left Yemen on UPS or DHL in the past 48 hours– SJH

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UPDATE ———————————– October 31, 2010 UPDATE ———————————– UPDATE

 Yemen Insists No Packages Sent 48 Hours Prior To Toner Bomb Hysteria

http://www.prisonplanet.com/yemen-insists-no-packages-sent-48-hours-prior-to-toner-bomb-hysteria.html

Inside Story: The Cargo Plane Bomb Plot

TTR UPDATE: Now that the cargo plane myth has blown up (pun intended) in their faces, the US government and corporate media whores have again changed their fairy tale to say that the planes carrying the “suspicious items” where flown on passenger airlines. As I stated within hours of this story breaking, the entire charade is a fabricated fraud and nobody with a critical thinking mind believes a fucking word of it! More booga, booga…

Mail Bombs In Dubai Sent On Two Passenger Planes

http://news.yahoo.com/s/ap/20101031/ap_on_re_mi_ea/mail_bombs

Yemen Official: Woman Arrested Didn’t Mail Bombs, Released On Bail

http://www.latimes.com/news/nationworld/politics/wire/sns-ap-mail-bombs-suspect-released,0,3143705.story

With that, I conclude my ongoing weekend coverage of this now entirely discredited “terrorism” hoax… – SJH 

Link to original article with video below…

http://chicago.cbslocal.com/2010/10/29/suspicious-package-on-plane-headed-to-chicago/

Founding Fathers’ Vision For Prosperity In US Has Been Destroyed!

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October 29, 2010: Washington’s Blog Editors / Washington’s Blog – October 29, 2010

The Founding Fathers not only fought for liberty and justice, they also fought for a sound economy and freedom from the tyranny of big banks:

“[It was] the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and…the Revolutionary War.” – Benjamin Franklin

“There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” – John Adams

“If the American people ever allow the banks to control issuance of their currency, first by inflation and then by deflation, the banks and corporations that grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers occupied”. — Thomas Jefferson

“I believe that banking institutions are more dangerous to our liberties than standing armies…The issuing power should be taken from the banks and restored to the Government, to whom it properly belongs.” – Thomas Jefferson

“The Founding Fathers of this great land had no difficulty whatsoever understanding the agenda of bankers, and they frequently referred to them and their kind as, quote, ‘friends of paper money. They hated the Bank of England, in particular, and felt that even were we successful in winning our independence from England and King George, we could never truly be a nation of freemen, unless we had an honest money system. ” – Peter Kershaw, author of the 1994 booklet “Economic Solutions”

As I noted last year: Everyone knows that the American colonists revolted largely because of taxation without representation and related forms of oppression by the British. See this and this. But – according to Benjamin Franklin and others in the thick of the action – a little-known factor was actually the main reason for the revolution. To give some background on the issue, when Benjamin Franklin went to London in 1764, this is what he observed:

When he arrived, he was surprised to find rampant unemployment and poverty among the British working classes… Franklin was then asked how the American colonies managed to collect enough money to support their poor houses. He reportedly replied: “We have no poor houses in the Colonies; and if we had some, there would be nobody to put in them, since there is, in the Colonies, not a single unemployed person, neither beggars nor tramps.”

In 1764, the Bank of England used its influence on Parliament to get a Currency Act passed that made it illegal for any of the colonies to print their own money. The colonists were forced to pay all future taxes to Britain in silver or gold. Anyone lacking in those precious metals had to borrow them at interest from the banks.

Only a year later, Franklin said, the streets of the colonies were filled with unemployed beggars, just as they were in England. The money supply had suddenly been reduced by half, leaving insufficient funds to pay for the goods and services these workers could have provided. He maintained that it was “the poverty caused by the bad influence of the English bankers on the Parliament which has caused in the colonies hatred of the English and…the Revolutionary War.”

This, he said, was the real reason for the Revolution: “the colonies would gladly have borne the little tax on tea and other matters had it not been that England took away from the colonies their money, which created unemployment and dissatisfaction.” (for more on the Currency Act, see this.)

Alexander Hamilton echoed similar sentiments: Alexander Hamilton, the nation’s first treasury secretary, said that paper money had composed three-fourths of the total money supply before the American Revolution. When the colonists could not issue their own currency, the money supply had suddenly shrunk, leaving widespread unemployment, hunger and poverty in its wake. Unlike the Great Depression of the 1930s, people in the 1770s were keenly aware of who was responsible for their distress.

As historian Alexander Del Mar wrote in 1895: [T]he creation and circulation of bills of credit by revolutionary assemblies…coming as they did upon the heels of the strenuous efforts made by the Crown to suppress paper money in America [were] acts of defiance so contemptuous and insulting to the Crown that forgiveness was thereafter impossible…

[T]here was but one course for the crown to pursue and that was to suppress and punish these acts of rebellion…Thus the Bills of Credit of this era, which ignorance and prejudice have attempted to belittle into the mere instruments of a reckless financial policy were really the standards of the Revolution. They were more than this: they were the Revolution itself!

And British historian John Twells said the same thing: The British Parliament took away from America its representative money, forbade any further issue of bills of credit, these bills ceasing to be legal tender, and ordered that all taxes should be paid in coins…Ruin took place in these once flourishing Colonies…discontent became desperation, and reached a point…when human nature rises up and asserts itself.

In fact, the Americans ignored the British ban on American currency, and: “Succeeded in financing a war against a major power, with virtually no ‘hard’ currency of their own, without taxing the people.”

Indeed, the first act of the New Continental Congress was to issue its own paper scrip, popularly called the Continental. Franklin and Thomas Paine later praised the local currency as a “corner stone” of the Revolution. And Franklin consistently wrote that the American ability to create its own credit led to prosperity, as it allowed the creation of ample credit, with low interest rates to borrowers, and no interest to pay to private or foreign bankers .

Is this just ancient history? No. The ability for America and the 50 states to create its own credit has largely been lost to private bankers. The lion’s share of new credit creation is done by private banks, so – instead of being able to itself create money without owing interest – the government owes unfathomable trillions in interest to private banks.

America may have won the Revolutionary War, but it has since lost one of the main things it fought for: the freedom to create its own credit instead of having to beg for credit from private banks at a usurious cost.

As economic writer and attorney Ellen Brown has tried to teach to Obama, Schwarzenegger, and anyone else who will listen, the way out of the economic crisis is to stop paying interest to private banks for the creation of credit, and to return to the system of government-issued credit used by the Founding Fathers to create prosperity for the people and to gain independence from their oppressors. (And see this).

As I wrote in July: The U.S. has become a a kleptocracy, an oligarchy, a banana republic, a socialist or fascist state … which acts without the consent of the governed. This essay focuses on economics, but – obviously – the other ideals of the Founding Fathers have been abandoned as well. See this and this, for example. Note: If we can’t implement public banking, let’s at least return to a gold standard.

Meltup

The Tonka Report Editor’s Note: For more on this subject, read the excellent article in Yes Magazine.org written by Ellen Brown at the link below– SJH

Time For A New Theory Of Money

http://www.yesmagazine.org/new-economy/time-for-a-new-theory-of-money

Link to original article below…

http://www.washingtonsblog.com/2010/10/founding-fathers-vision-of-prosperity.html

American Job Loss Is Permanent: Globalism And American Poverty

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October 29, 2010: Dr. Paul Craig Roberts / Signs Of The Times (SOTT.net) – October 28, 2010

Now that a few Democrats and the remnants of the AFL-CIO are waking up to the destructive impact of jobs offshoring on the US economy and millions of American lives, globalism’s advocates have resurrected Dartmouth economist Matthew Slaughter’s discredited finding of several years ago that jobs off-shoring by US corporations increases employment and wages in the US.

At the time I exposed Slaughter’s mistakes, but economists dependent on corporate largess understood that it was more profitable to drink Slaughter’s kool-aid than to tell the truth. Recently the US Chamber of Commerce rolled out Slaughter’s false argument as a weapon against House Democrats Sandy Levin and Tim Ryan, and the Wall Street Journal had Bill Clinton’s Defense Secretary, William S. Cohen, regurgitate Slaughter’s claim on its op-ed page on October 12.

I sent a letter to the Wall Street Journal, but the editors were not interested in what a former associate editor and columnist for the paper and President Reagan’s Assistant Secretary of the Treasury for Economic Policy had to say. The facade of lies has to be maintained at all costs. There can be no questioning that globalism is good for us.

Cohen told the Journal’s readers that “the fact is that for every job outsourced to Bangalore, nearly two jobs are created in Buffalo and other American cities.” I bet Buffalo “and other American cities” would like to know where these jobs are. Maybe Slaughter, Cohen, and the Chamber of Commerce can tell them.

Last May I was in St. Louis and was struck by block after block of deserted and boarded up homes, deserted factories and office buildings, even vacant downtown storefronts.

Detroit is trying to shrink itself by 40 square miles. On October 25, 60 Minutes had a program on unemployment in Silicon Valley, where formerly high-earning professionals have been out of work for two years and today cannot even find part-time $9 an hour jobs at Target.

The claim that jobs offshoring by US corporations increases domestic employment in the US is one of the greatest hoaxes ever perpetrated. As I demonstrated in my syndicated column at the time and again in my book, How The Economy Was Lost (2010), Slaughter reached his erroneous conclusion by counting the growth in multinational jobs in the U.S. without adjusting the data to reflect the acquisition of existing firms by multinationals and for existing firms turning themselves into multinationals by establishing foreign operations for the first time. There was no new multinational employment in the U.S. Existing employment simply moved into the multinational category from a change in the status of firms to multinational.

If Slaughter (or Cohen) had consulted the Bureau of Labor Statistics nonfarm payroll jobs data, he would have been unable to locate the 5.5 million jobs that were allegedly created. In my columns I have reported for about a decade the details of new jobs creation in the U.S. as revealed by the BLS data, as has Washington economist Charles McMillion. Over the last decade, the net new jobs created in the U.S. have nothing to do with multinational corporations. The jobs consist of waitresses and bartenders, health care and social services (largely ambulatory health care), retail clerks, and while the bubble lasted, construction.

These are not the high-tech, high-paying jobs that the “New Economy” promised, and they are not jobs that can be associated with global corporations. Moreover, these domestic service jobs are themselves scarce.

But facts have nothing to do with it. Did Slaughter, Cohen, the Chamber, and the Wall Street Journal ever wonder how it was possible to have simultaneously millions of new good-paying middle class jobs and virtually the worst income inequality in the developed world with all income gains accruing to the mega-rich?

In mid-October Treasury Secretary and Goldman Sachs puppet Tim Geithner gave a speech in California in the backyard, or former backyard, of 60 Minutes’ Silicon Valley dispossessed upper middle class interviewees in which Geithner said that the solution is to “educate more engineers.”

We already have more engineers than we have jobs for them. In a recent poll a Philadelphia marketing and research firm, Twentysomething, found that 85% of recent college graduates planned to move back home with parents. Even if members of the “boomeranger generation” find jobs, the jobs don’t pay enough to support an independent existence.

The financial media is useless. Reporters repeat the lie that the unemployment rate is 9.6%. This is a specially concocted unemployment rate that does not count most of the unemployed. The government’s own more inclusive rate stands at 17%. Statistician John Williams, who counts unemployment the way it is supposed to be counted, finds the unemployment rate to be 22%.

The financial press turns bad news into good news. Recently a monthly gain of 64,000 new private sector jobs was hyped, jobs that were more than offset by the loss in government jobs. Moreover, it takes around 150,000 new jobs each month to keep pace with labor force growth. In other words, 100,000 new jobs each month would be a 50,000 jobs deficit.

The idiocy of the financial press is demonstrated by the following two headlines which appeared on October 19 on the same Bloomberg page:

“Dollar Index Appreciates as Geithner Supports Currency Strength”

“Geithner Weak Dollar Seen as U.S. Recovery Route”

To keep eyes off of the loss of jobs to offshoring, policymakers and their minions in the financial press blame US unemployment on alleged currency manipulation by China and on the financial crisis. The financial crisis itself is blamed by Republicans on low income Americans who took out mortgages that they could not afford.

In other words, the problem is China and the greedy American poor who tried to live above their means. With this being the American mindset, you can see why nothing can be done to save the economy.

No government will admit its mistakes, especially when it can blame foreigners. China is being made the scapegoat for American failure. An entire industry has grown up that points its finger at China and away from 20 years of corporate offshoring of US jobs and 9 years of expensive and pointless US wars.

“Currency manipulation” is the charge. However, the purpose of the Chinese peg to the US dollar is not currency manipulation. When the Chinese government decided to take its broken communist economy into a market economy, the government understood that it needed foreign confidence in its currency. It achieved that by pegging its currency to the dollar, signaling that China’s money was as sound as the US dollar. At that time, China, of course, could not credibly give its currency a higher dollar value.

As time has passed, the irresponsible and foolish policies of the US have eroded the dollar’s value, and as the Chinese currency is pegged to the dollar, its value has moved down with the dollar. The Chinese have not manipulated the peg in order to make their currency less valuable.

To the contrary, when I was in China in 2006, the exchange rate was a little more than 8 yuan to the dollar. Today it is 6.6 yuan to the dollar–a 17.5% revaluation of the yuan.

The US government blames the US trade deficit with China on an undervalued Chinese currency. However, the Chinese currency has risen 17.5% against the dollar since 2006, but the US trade deficit with China has not declined.

The major cause of the US trade deficit with China is “globalism” or the practice, enforced by Wall Street and Wal-Mart, of US corporations offshoring their production for US markets to China in order to improve the bottom line by lowering labor costs. Most of the tariffs that the congressional idiots want to put on “Chinese” imports would, therefore, fall on the offshored production of US corporations. When these American brand goods, such as Apple computers, are brought to US markets, they enter the US as imports. Thus, the tariffs will be applied to US corporate offshored output as well as to the exports of Chinese companies to the US.

The correct conclusion is that the US trade deficit with China is the result of “globalism” or jobs offshoring, not Chinese currency manipulation.

An important point always overlooked is that the US is dependent on China for many manufactured products including high technology products that are no longer produced in the US. Revaluation of the Chinese currency would raise the dollar price of these products in the US. The greater the revaluation, the greater the price rise. The impact on already declining US living standards would be dramatic.

When US policymakers argue that the solution to America’s problems is a stronger Chinese currency, they are yet again putting the burden of adjustment on the out-of-work, indebted, and foreclosed American population.

Why Can’t Chuck Get His Business Off The Ground

The Tonka Report Editor’s Note: When you have a population who knows more about Lady Gaga, American Idol and Dancing With The Stars, than they do about government and finance, this is what you get! – SJH

Link to original article below…

http://www.sott.net/articles/show/217064-American-Job-Loss-Is-Permanent