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Information Clearing House
ICH 13 October, 2008: The Truth About Global Corruption

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Number Of Iraqis Slaughtered Since The U.S. Invaded Iraq “1,273,378"
www.justforeignpolicy.org/iraq/iraqdeaths.html 

Number of U.S. Military Personnel Sacrificed (Officially acknowledged) In America’sWar On Iraq 4,182
icasualties.org/oif/
 
The War And Occupation Of Iraq Costs
$562,139,792,352
See the cost in your community
nationalpriorities.org/index.php?option=com_wrapper&Itemid=182 

Pilger’s Law
‘If it’s been officially denied, then it’s probably true’
By Ian Burrell
John Pilger, scourge of injustice, is still battling after half a century of campaigns. He’s even gunning for Tony Blair.
www.informationclearinghouse.info/article20997.htm

Noam Chomsky ‘The United States Has Essentially a One-Party System’
By Gabor Steingart
One must not forget that this country was founded by religious fanatics. Since Jimmy Carter, religious fundamentalists play a major role in elections.
www.informationclearinghouse.info/article20999.htm

Why the Bailout Scam Is More Likely to Fail than to Succeed 
By Ismael Hossein-zadeh
Instead of trying to salvage the threatened real assets or homes and save their owners from becoming homeless, the bailout scheme is trying to salvage the phony or fictitious assets of the Wall Street gambler and reward their sins by sending taxpayers’ good money after gamblers bad money. It focuses on the wrong end of the problem. 
www.informationclearinghouse.info/article20998.htm

Rescue for the Few, Debt Slavery for the Many
By MICHAEL HUDSON
We are now entering the financial End Time. Bailout “Plan A” (buy the junk mortgages) has failed, “Plan B” (buy ersatz stocks in the banks to recapitalize them without wiping out current mismanagers) is fizzling, and the debts still can’t be paid. That is the reality Wall Street avoids confronting.
www.informationclearinghouse.info/article21004.htm

‘Capitalism Has Degenerated into a Casino’
By Spiegel
Nobel Peace Prize laureate Muhammad Yunus says that greed has destroyed the world’s financial system. SPIEGEL ONLINE spoke with him about the profit motive, social consciousness and what should be done to end the financial crisis.
www.informationclearinghouse.info/article20995.htm

Jim Rogers: CASH is King
6 Minute Video
“The way to solve this problem is let people go bankrupt…the people who are sound will take over the assets from the people who are unsound and we will start over”
www.informationclearinghouse.info/article20996.htm

In case you missed it
The Secret History of the American Empire
The Truth About Global Corruption
Video – John Perkins, author of Confessions of An Economic Hit Man.
Perkins zeroes in on hot spots around the world such as Venezuela, Tibet, Iraq, Israel, Vietnam and others and exposes the network of events in each of these countries that have contributed to the creation of the American Empire and international corruption in “The Secret History of the American Empire: Economic Hit Men, Jackals, and the Truth About Global Corruption”
www.informationclearinghouse.info/article21000.htm

The Law Of The Jungle
By Fidel Castro
The current crisis and the brutal measures of the U.S. administration to save itself will bring more inflation, more devaluation of national currencies, more painful losses in the markets, lower prices for exports and more unequal exchange. But they will also bring to the peoples a better understanding of the truth, more awareness, more rebelliousness and more revolutions.
www.informationclearinghouse.info/article21003.htm

America’s Political Cannibalism
By Chris Hedges
It is no longer our economy but our democracy that is in peril. It was the economic meltdown of Yugoslavia that gave us Slobodan Milosevic. It was the collapse of the Weimar Republic that vomited up Adolf Hitler. And it was the breakdown in czarist Russia that opened the door for Vladimir Lenin and the Bolsheviks. Financial collapses lead to political extremism.
www.informationclearinghouse.info/article21002.htm

In case you missed it
Columbus Exposed as Iron-fisted Tyrant Who Tortured His Slaves
By Graham Keeley in Barcelona
Christopher Columbus was a despot who ruled his subjects with an iron fist, according to documents which have emerged 500 years after his death.
www.informationclearinghouse.info/article14143.htm

A Columbus Day Message
By Samuel Worcester
I do not find our ancestor’s cruelty very hard to imagine at all. All I have to do is listen to present day conservatives advocate the death and destruction of Muslims. They praise the destruction that the US has rained down upon Afghanistan and Iraq.
www.informationclearinghouse.info/article21001.htm

100 Killed as Taleban stage audacious ‘Tet-style’ attack on British occupation HQ city:
Up to 100 Taleban fighters were killed in a series of airstrikes and firefights around the city outskirts in fighting that began in the early evening as Taleban fighters were concentrating to attack the city of three sides and continued into the early hours of Sunday morning.
www.timesonline.co.uk/tol/news/world/asia/article4930183.ece

Fierce battles in Pakistan, Afghanistan:
Some of the dead were part of a group that had been seen massing outside of the town of Lashkar Gah for several days, and were killed in air strikes that stopped them from attacking the provincial capital.
tinyurl.com/4crqr5

Clashes in Pakistani tribal regions kill 51 as fighting along Afghan border spreads
The army media center in the restive Swat valley said security forces traded fire with insurgents the whole day in the area. The clashes killed 25 militants and two members of the security forces.
tinyurl.com/4co5f9

Suicide bombs, snipers kill at least 15 in Iraq:
Suicide car bombers struck twice Sunday in the northern city of Mosul, killing at least six people and wounding dozens of others, U. S. and Iraqi officials said. A car bomb killed seven other people in Baghdad
tinyurl.com/4pavgf

Iraq says time for British troops to go: report:
Iraqi Prime Minister Nuri al-Maliki was quoted on Monday as saying it was time for British combat forces to leave the south of the country because they were no longer needed to maintain security and control.
news.yahoo.com/s/nm/20081013/wl_nm/us_iraq_britain

Manufacturing Consent For Attack On Iran?:
Iran ‘bribing Iraqi politicians’:
Gen Ray Odierno told the Washington Post that many intelligence reports suggested “pay offs” were being made, but that he had no definitive proof.
news.bbc.co.uk/2/hi/middle_east/7667796.stm

Somalia: 3 Ethiopian occupation troops died in landmine explosion:
“The Ethiopian troops were traveling in 14 military trucks and immediately after the explosion they have alighted from the trucks and opened heavy fire in all the directions
www.somaliweyn.org/pages/news/Oct_08/12oct12.html

Ethiopian occupation troop’s pull-out leaves “government” on brink:
Ethiopia, which launched a US-backed military intervention in Somalia in December 2006 in an effort to drive out an Islamist authority in Mogadishu, is now pulling out its troops.
tinyurl.com/4zjrxy

Olmert: Israeli Arabs have long suffered discrimination:
Outgoing Prime Minister Ehud Olmert said Sunday said that Israel’s Arab population has long faced discrimination and urged an improvement in relations between all the country’s citizens.
www.haaretz.com/hasen/spages/1028375.html

The politics of smear won’t work in the middle of a stockmarket crash:
Voters care too much about their homes and their retirement to be swayed by the McCain camp’s desperate slurs
tinyurl.com/4f9vrf

U.S. Stocks Rally on Bank Plan; Dow Has Biggest Point Gain Ever:
U.S. stocks rallied, sending the Dow Jones Industrial Average to its biggest point gain ever, on a government plan to buy stakes in banks and a Federal Reserve-led push to flood the global financial system with dollars.
www.bloomberg.com/apps/news?pid
=20601103&sid=aBZ2iv4lIQjs&refer=us

A £516 trillion derivatives ‘time-bomb’:
Not for nothing did US billionaire Warren Buffett call them the real ‘weapons of mass destruction’
tinyurl.com/47qayl

IMF in global ‘meltdown’ warning :
The world financial system is teetering on the “brink of systemic meltdown”, the head of the International Monetary Fund (IMF) has warned in Washington.
newsvote.bbc.co.uk/2/hi/business/7665515.stm

US surrenders power to appoint World Bank president:
The US is to lose its power to appoint the president of the World Bank after the UK’s development secretary, Douglas Alexander, brokered a deal to throw open the post to candidates from any country.
www.guardian.co.uk/business/2008/oct/13/worldbank-usa

Dow Average May Be Poised to Fall to 7,000: :
The Dow Jones Industrial Average would have to fall about 18 percent more to reach its ``trend line’’ since August 1982, when the 1980s bull market started, according to Peter Boockvar, an equity strategist at Miller Tabak & Co. in New York.
tinyurl.com/42x9mx

Australia moves to shore up $700b in banks:
DECLARING the global financial crisis had entered a new and dangerous phase, Kevin Rudd said his Government would guarantee the estimated $700 billion that Australians have deposited in banks, credit unions and building societies.
www.smh.com.au/articles/2008/10/12/1223749845710.html

UK govt set to rescue RBS, HBOS:
The UK government will on Monday launch the biggest rescue of Britain’s high-street banks when the UK’s four biggest institutions ask for a £35 billion financial lifeline. The unprecedented move will make the government the biggest shareholder in at least two banks.
tinyurl.com/3wk9jz

Financial crisis: Countries at risk of bankruptcy from Pakistan to Baltics:
A string of countries face the risk of “going bust” as financial panic sweeps Asia, Eastern Europe, and Latin America, raising the spectre of a strategic crisis in some of the world’s most dangerous spots.
tinyurl.com/49jrnj

Trillions Disappear in Stock Market, but Where Did Money Go?:
Robert Shiller, an economist at Yale, puts it bluntly: The notion that you lose a pile of money whenever the stock market tanks is a “fallacy.” He says the price of a stock has never been the same thing as money – it’s simply the “best guess” of what the stock is worth.
www.foxnews.com/story/0,2933,436435,00.html

Errors in loan documents can save strapped homeowners:
Even small mistakes in the paperwork may give borrowers the legal leverage to persuade lenders to rework their mortgages.
www.latimes.com/business/la-fi-lew12-2008oct12,0,701114.story

Foreclosure-proof homes?:
Mortgage-backed securities have made many homes legal and financial mazes that put ultimate ownership in limbo
www.latimes.com/news/opinion/la-oe-weiner3dec03,0,6426024.story

US: Shelters and Soup Kitchens Hold Crisis Front Lines:
Wall Street may be in the throes of agony, but business is booming at the Holy Apostles Soup Kitchen a bit farther north in the Manhattan neighbourhood of Chelsea. And that’s not particularly good news.
www.ipsnews.net/news.asp?idnews=44198

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