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'Iran will deliver telling blow to global powers on Feb. 11'

Iranian President Mahmoud Ahmadinejad says the nation will deliver a harsh blow to the "global arrogance" on this year's anniversary of the Islamic Revolution. "The Islamic Revolution opened a window to liberty for the human race, which was trapped in the dead ends of materialism," Ahmadinejad said during a cabinet meeting on Sunday. "If the Islamic Revolution had not occurred, liberalism and Marxism would have crushed all human dignity in their power-seeking and money-grubbing claws. Nothing would have remained of human and spiritual principles," he added. Ahmadinejad said that in the three decades of its history, the Islamic Revolution had inspired some great developments in the world. The Iranian president made the remarks as the 31st anniversary of the Islamic Revolution approaches. Iranians are expected to pour into the streets on February 11 to celebrate the occasion in public rallies across the country, as they have done annually over the past three decades.

The company once known for its “don’t be evil” motto is now in bed with the spy agency known for the mass surveillance of American citizens.
The National Security Agency is widely understood to have the government’s biggest and smartest collection of geeks — the guys that are more skilled at network warfare than just about anyone on the planet. So, in a sense, it’s only natural that Google would turn to the NSA after the company was hit by an ultrasophisticated hack attack. After all, the military has basically done the same thing, putting the NSA in charge of its new “Cyber Command.” The Department of Homeland Security is leaning heavily on the NSA to secure .gov networks.
But there’s a problem. The NSA and its predecessors also have a long history of spying on huge numbers of people, both at home and abroad. During the Cold War, the agency worked with companies like Western Union to intercept and read millions of telegrams. During the war on terror years, the NSA teamed up with the telecommunications companies to eavesdrop on customers’ phone calls and internet traffic right from the telcos’ switching stations. And even after the agency pledged to clean up its act — and was given wide new latitude to spy on whom they liked – the NSA was still caught “overcollecting” on U.S. citizens. According to The New York Times, the agency even “tried to wiretap a member of Congress without a warrant.”
All of which makes the NSA a particularly untrustworthy partner for a company that is almost wholly reliant on its customers’ trust and goodwill. We all know that Google automatically reads our Gmail and scans our Google Calendars and dives into our Google searches, all in an attempt to put the most relevant ads in front of us. But we’ve tolerated the automated intrusions, because Google’s products are so good, and we believed that the company was sincere in its “don’t be evil” mantra.
That’s a lot harder to swallow, when Google starts working cheek-to-jowl with the overcollectors. The company pinkie-swears that its agreement with the NSA won’t violate the company’s privacy policies or compromise user data. Those promises are a little hard to believe, given the NSA’s track record of getting private enterprises to cooperate, and Google’s willingness to take this first step.
Google may need help in fighting off these hacks. But turning to Ft. Meade could wind up permanently damaging the company’s image — and the foundation of its incredible success. Already, the Russian press are talking about Google’s decision to spy with NSA, for instance. Hackers might be able to compromise some of Google’s services, for a little while. The association with the NSA could permanently cripple the company. The telegram companies and the old-school telcos were virtually monopolies; customers had nowhere to turn, if they wanted private communications. Bing and Yahoo Mail are just a click away.
SNITCH INC. Better Known as GOOGLE.U.S./Google Spy Network Exposed By China.

“Google Spies on Every Aspect of Americans’ Lives. What’s the Big Deal?”—Sergey Brin.

"If You're Not Doing Nothin' Wrong and We Don't Make a Mistake or Trump Something Up, You'll Be Fucking Fine."

Google Aids FBI/CIA In Spying on U.S. Human Rights Groups.
By STUFFI MUFTI

Assassinated Press Staff Writer

January 14, 2010
BEIJING -- Google's threat to shut down its Chinese Web site and offices over Google’s cyber surveillance attacks on behalf of U.S. intelligence puts the government of China in the awkward position of having to choose to protect its citizens from the U.S.’s number one source of net spying and snitching or face anger from China's small but growing child pornography community.
“Child pornography is huge in the U.S. but not so much in China,” said John Moosekill, director of the FBIs child pornography division. “Here in the U.S. if you approach a government agency and say you’ll trade child pornography for state secrets, you’ll always get a deal. And with Google we can track the deviants and bring the fucks down if they fuck with us. But China just won’t bite on the child pornography. And they bristle when we use Google to fuck with them.”
Google’s HOT Line to CIA = 1-800-I-SNITCH
Few political and Internet analysts appear to doubt that China will stick to its tough stance and reject Google's proposal to prevent Google from spying on them on behalf of U.S. intelligence. But Google's audience of Chinese "netizens," a few of whom placed flowers outside the company's Beijing offices Wednesday, is large enough to make such a reaction risky because unlike Americans they don’t know what it’s like to live under a totalitarian information state that displays your house address and multiple pictures so that any nut case can easily find you home and set it ablaze.
“Sure, we can bring exceptional heat on dissenters hear in the U.S., “said Google founder Larry Page. “You get out of line and the entire Rush Limbaugh/Glenn Beck loony tunes crowd is free to harass your kids on their way to school or hurl a burning possum down your chimney. ‘Open access of information’ is the way we control dissent. I mean fuck when’s the last time we opened our software or the CIA opened its files without redacting anyfuckingthing with any meat or meaning. ‘Open access’ is something we just tell the chumps. Now, the chumps are the Chinese, hopefully.”
Google = Snitch Inc.
"This would adversely affect a lot of people, not just the technorati elite that is Western-oriented anyway," said Kaiser Kuo, an independent technology consultant. "The government could face a serious backlash this time. But if we allow Snitch Inc., the name given to Google’s Security division, we could all end up slaves to U.S. imperialism.”
On Wednesday, the Google story was the top trending topic on a Twitter-like microblog on the Chinese site Sina.com, with about 60,000 people weighing in before the conversation was taken down. Most commenters expressed dismay at the prospect of losing Google's China-based service; some lashed out at the government, while others begged Google to stay but not spy. A substantial minority wished the company good riddance. "This will make the extent of Chinese censorship a lot clearer, even to ordinary Chinese people who are not aware of it," said Jeremy Goldkorn, a China Internet specialist who posts on Sina's blog site and runs a Web site called Danwei, which has been blocked since July. “It will also make the extent of Google spying and domestic disruption by U.S. intelligence a fucking lot clearer too.”
At Google , Well Turn Your Ass In.
"Many people think Google should negotiate with the Chinese government," said Zhou Shuguang, a blogger who has done investigative reporting across the country. He added, though, that its withdrawal would lead more Chinese to discover that China protects freedom on the Internet since Google is U.S. intelligences number one snitch. "There is less downside to people at all if Google continues to make concessions with Chinese authorities," he said. “Look at the U.S. They monitor everything. Arrest people on the least suspicion. Secretly ruin lives.”
The government has backed down once in the face of outcries on the Internet. Last year, it attempted to require the makers of personal computers sold here to install Green Dam. But it reversed itself after widespread online protests that the software slowed down and damaged computers.
“We’re Not Americans. We Are Not Willing to Live the in the Information Extortion Age.”
Still, businesspeople in Beijing were pessimistic Wednesday about the prospect of a crack in what is known as the Great Firewall of China. "China can't lose face over this, and it's not going to let anybody run an open snitch engine," said an industry source close to Google.
The government has shut down or blocked thousands of Web sites used to spy on its industry and citizens. Twitter, YouTube and Facebook are all blocked simply because of their infantile content. Just this week, the General Administration of Press and Publication boasted of taking down 136,000 non-registered Web sites and more than 1.5 million pieces of "bad information." It also said it had shut down 15,000 pornographic Web sites. For now, the government has said only that it will seek more information from Google about its spying activities. Virtually the only official comment came in the form of a signed opinion article on the People's Daily Web site, lacking the weight of an officially vetted unsigned editorial. The article likened Google to a "spoiled child" and said that even if it stormed out of China, it would be back because of the importance of the Chinese market and the spying it could still carry on.
Other pro-government online comments said that Google, which lags far behind the Chinese-based search engine Baidu, was simply dressing up a business decision in moral clothing. Baidu has about two-thirds of the market. Some independent analysts have estimated a 30 percent market share for Google, but well-placed industry sources put the number closer to 20 percent.
Dan Brody, who set up Google's China office and now runs the Koolanoo Group, a Beijing-based Internet media investment firm, estimates that Google has annual revenue of $300 million to $400 million in China -- an amount that he said pales next to the revenue it earns elsewhere.
Moreover, he said, if Google loses even a small percentage of its users in Europe or the United States because it is seen as spying too much on China, it could lose more than it earns in the country. "From a business and moral perspective, user mistrust in the West is so important to them," he said. “In the West, users know we work with intelligence and can fuck them up if they get out of line. But they’re addicted to us. First, thing a guy sentenced to six life terms in solitary in some underground, privately run prison in Wyoming on some trumped up charges wants is an internet connection and Google. The dumb fucks are addicted. They fucking never know what hit them.”
The company has clashed with the Chinese government since it set up google.cn in 2005 and worked with the CIA virtually since its inception. Google agreed to stop stealing information that China's leadership might find too sensitive but differed with officials over what should fall into that category.
Google Cyberattacks
Last summer, state-run media denounced the firm for providing access to "pornography." Another industry source close to Google said that in addition to well-publicized incidents, Chinese officials were demanding weekly that items be removed. When cyberattacks were discovered, he said, "it was the last straw." The Chinese government clamped down.The industry sources spoke on the condition of anonymity.
If Google closes down its Chinese site, or if the Chinese government closes it down, Chinese users could still try to use the U.S.-based site. But the U.S. site works more slowly, and access to many pages is blocked. Where would that leave the Chinese market?
The closing of Google's China site would boost Baidu and Sina and hurt Google, industry analysts said. “Google shareholders are pressing Google to back off its cozy relationship with U.S. intelligence,” Jesse Gray, of Gray Associates said. “There saying, lets’ go online to ruin the lives of Americans that get out of line. They seem to hardly notice.”
Despite expensive campaigns in universities and schools, Google has had trouble catching up to its domestic competitors. Analysts say Chinese Internet users prefer the crowded, busy sites of Baidu and Sina to the no-nonsense sparseness of Google's home page. Unlike Google, Baidu and Sina also feature bulletin boards and music-downloading services. And surveys have shown that most Chinese people have trouble spelling Google or don't know its Chinese name, Guge, which means "valley song" a euphemism for ‘singing to the police’ or ‘snitching.’
“Google wants to be snitch to the world’s intelligence agents,” said Page. “But right now we think it’s cool to be hanging out with cops, thugs, deviants and spies at the FBI and CIA. Fuck it’s the dream of every dweeb net engineer like me to hang with the murderous tough guys. Beats being a billionaire and still not getting laid.”

See Also;

by-Porter Stansberry

link;http://www.silverbearcafe.com/private/02.10/bankrupt.html

It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion. Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from?

How did we end up with so much short-term debt? Like most entities that have far too much debt - whether subprime borrowers, GM, Fannie, or GE - the U.S. Treasury has tried to minimize its interest burden by borrowing for short durations and then "rolling over" the loans when they come due. As they say on Wall Street, "a rolling debt collects no moss." What they mean is, as long as you can extend the debt, you have no problem. Unfortunately, that leads folks to take on ever greater amounts of debt... at ever shorter durations... at ever lower interest rates. Sooner or later, the creditors wake up and ask themselves: What are the chances I will ever actually be repaid? And that's when the trouble starts. Interest rates go up dramatically. Funding costs soar. The party is over. Bankruptcy is next.

When governments go bankrupt it's called "a default." Currency speculators figured out how to accurately predict when a country would default. Two well-known economists - Alan Greenspan and Pablo Guidotti - published the secret formula in a 1999 academic paper. That's why the formula is called the Greenspan-Guidotti rule. The rule states: To avoid a default, countries should maintain hard currency reserves equal to at least 100% of their short-term foreign debt maturities. The world's largest money management firm, PIMCO, explains the rule this way: "The minimum benchmark of reserves equal to at least 100% of short-term external debt is known as the Greenspan-Guidotti rule. Greenspan-Guidotti is perhaps the single concept of reserve adequacy that has the most adherents and empirical support.

"The principle behind the rule is simple. If you can't pay off all of your foreign debts in the next 12 months, you're a terrible credit risk. Speculators are going to target your bonds and your currency, making it impossible to refinance your debts. A default is assured.

So how does America rank on the Greenspan-Guidotti scale? It's a guaranteed default. The U.S. holds gold, oil, and foreign currency in reserve. The U.S. has 8,133.5 metric tonnes of gold (it is the world's largest holder). That's 16,267,000 pounds. At current dollar values, it's worth around $300 billion. The U.S. strategic petroleum reserve shows a current total position of 725 million barrels. At current dollar prices, that's roughly $58 billion worth of oil. And according to the IMF, the U.S. has $136 billion in foreign currency reserves. So altogether... that's around $500 billion of reserves. Our short-term foreign debts are far bigger.

According to the U.S. Treasury, $2 trillion worth of debt will mature in the next 12 months. So looking only at short-term debt, we know the Treasury will have to finance at least $2 trillion worth of maturing debt in the next 12 months. That might not cause a crisis if we were still funding our national debt internally. But since 1985, we've been a net debtor to the world. Today, foreigners own 44% of all our debts, which means we owe foreign creditors at least $880 billion in the next 12 months - an amount far larger than our reserves.

Keep in mind, this only covers our existing debts. The Office of Management and Budget is predicting a $1.5 trillion budget deficit over the next year. That puts our total funding requirements on the order of $3.5 trillion over the next 12 months.

So... where will the money come from? Total domestic savings in the U.S. are only around $600 billion annually. Even if we all put every penny of our savings into U.S. Treasury debt, we're still going to come up nearly $3 trillion short. That's an annual funding requirement equal to roughly 40% of GDP. Where is the money going to come from? From our foreign creditors? Not according to Greenspan-Guidotti. And not according to the Indian or the Russian central bank, which have stopped buying Treasury bills and begun to buy enormous amounts of gold. The Indians bought 200 metric tonnes this month. Sources in Russia say the central bank there will double its gold reserves.

So where will the money come from? The printing press. The Federal Reserve has already monetized nearly $2 trillion worth of Treasury debt and mortgage debt. This weakens the value of the dollar and devalues our existing Treasury bonds. Sooner or later, our creditors will face a stark choice: Hold our bonds and continue to see the value diminish slowly, or try to escape to gold and see the value of their U.S. bonds plummet.

One thing they're not going to do is buy more of our debt. Which central banks will abandon the dollar next? Brazil, Korea, and Chile. These are the three largest central banks that own the least amount of gold. None own even 1% of their total reserves in gold.

I examined these issues in much greater detail in the most recent issue of my newsletter, Porter Stansberry's Investment Advisory, which we published last Friday. Coincidentally, the New York Times repeated our warnings - nearly word for word - in its paper today. (They didn't mention Greenspan-Guidotti, however... It's a real secret of international speculators.)

A lot of people are very upset about the rapidly increasing U.S. national debt these days and they are demanding a solution. What they don't realize is that there simply is not a solution under the current U.S. financial system. It is now mathematically impossible for the U.S. government to pay off the U.S. national debt. You see, the truth is that the U.S. government now owes more dollars than actually exist. If the U.S. government went out today and took every single penny from every single American bank, business and taxpayer, they still would not be able to pay off the national debt. And if they did that, obviously American society would stop functioning because nobody would have any money to buy or sell anything.
And the U.S. government would still be massively in debt.
So why doesn't the U.S. government just fire up the printing presses and print a bunch of money to pay off the debt?
Well, for one very simple reason.
That is not the way our system works.
You see, for more dollars to enter the system, the U.S. government has to go into more debt.
The U.S. government does not issue U.S. currency - the Federal Reserve does.
The Federal Reserve is a private bank owned and operated for profit by a very powerful group of elite international bankers.
If you will pull a dollar bill out and take a look at it, you will notice that it says "Federal Reserve Note" at the top.
It belongs to the Federal Reserve.
The U.S. government cannot simply go out and create new money whenever it wants under our current system.
Instead, it must get it from the Federal Reserve.
So, when the U.S. government needs to borrow more money (which happens a lot these days) it goes over to the Federal Reserve and asks them for some more green pieces of paper called Federal Reserve Notes.
The Federal Reserve swaps these green pieces of paper for pink pieces of paper called U.S. Treasury bonds. The Federal Reserve either sells these U.S. Treasury bonds or they keep the bonds for themselves (which happens a lot these days).
So that is how the U.S. government gets more green pieces of paper called "U.S. dollars" to put into circulation. But by doing so, they get themselves into even more debt which they will owe even more interest on.
So every time the U.S. government does this, the national debt gets even bigger and the interest on that debt gets even bigger.
Are you starting to get the picture?
As you read this, the U.S. national debt is approximately 12 trillion dollars, although it is going up so rapidly that it is really hard to pin down an exact figure.
So how much money actually exists in the United States today?
Well, there are several ways to measure this.
The "M0" money supply is the total of all physical bills and currency, plus the money on hand in bank vaults and all of the deposits those banks have at reserve banks. As of mid-2009, the Federal Reserve said that this amount was about 908 billion dollars.
The "M1" money supply includes all of the currency in the "M0" money supply, along with all of the money held in checking accounts and other checkable accounts at banks, as well as all money contained in travelers' checks. According to the Federal Reserve, this totaled approximately 1.7 trillion dollars in December 2009, but not all of this money actually "exists" as we will see in a moment.
The "M2" money supply includes everything in the "M1" money supply plus most other savings accounts, money market accounts, retail money market mutual funds, and small denomination time deposits (certificates of deposit of under $100,000). According to the Federal Reserve, this totaled approximately 8.5 trillion dollars in December 2009, but once again, not all of this money actually "exists" as we will see in a moment.
The "M3" money supply includes everything in the "M2" money supply plus all other CDs (large time deposits and institutional money market mutual fund balances), deposits of eurodollars and repurchase agreements. The Federal Reserve does not keep track of M3 anymore, but according to ShadowStats.com it is currently somewhere in the neighborhood of 14 trillion dollars. But again, not all of this "money" actually "exists" either.
So why doesn't it exist?
It is because our financial system is based on something called fractional reserve banking.
When you go over to your local bank and deposit $100, they do not keep your $100 in the bank. Instead, they keep only a small fraction of your money there at the bank and they lend out the rest to someone else. Then, if that person deposits the money that was just borrowed at the same bank, that bank can loan out most of that money once again. In this way, the amount of "money" quickly gets multiplied. But in reality, only $100 actually exists. The system works because we do not all run down to the bank and demand all of our money at the same time.
According to the New York Federal Reserve Bank, fractional reserve banking can be explained this way....
"If the reserve requirement is 10%, for example, a bank that receives a $100 deposit may lend out $90 of that deposit. If the borrower then writes a check to someone who deposits the $90, the bank receiving that deposit can lend out $81. As the process continues, the banking system can expand the initial deposit of $100 into a maximum of $1,000 of money ($100+$90+81+$72.90+...=$1,000)."
So much of the "money" out there today is basically made up out of thin air.
In fact, most banks have no reserve requirements at all on savings deposits, CDs and certain kinds of money market accounts. Primarily, reserve requirements apply only to "transactions deposits" – essentially checking accounts.
The truth is that banks are freer today to dramatically "multiply" the amounts deposited with them than ever before. But all of this "multiplied" money is only on paper - it doesn't actually exist.
The point is that the broadest measures of the money supply (M2 and M3) vastly overstate how much "real money" actually exists in the system.
So if the U.S. government went out today and demanded every single dollar from all banks, businesses and individuals in the United States it would not be able to collect 14 trillion dollars (M3) or even 8.5 trillion dollars (M2) because those amounts are based on fractional reserve banking.
So the bottom line is this....
#1) If all money owned by all American banks, businesses and individuals was gathered up today and sent to the U.S. government, there would not be enough to pay off the U.S. national debt.
#2) The only way to create more money is to go into even more debt which makes the problem even worse.
You see, this is what the whole Federal Reserve System was designed to do. It was designed to slowly drain the massive wealth of the American people and transfer it to the elite international bankers.
It is a game that is designed so that the U.S. government cannot win. As soon as they create more money by borrowing it, the U.S. government owes more than what was created because of interest.
If you owe more money than ever was created you can never pay it back.
That means perpetual debt for as long as the system exists.
It is a system designed to force the U.S. government into ever-increasing amounts of debt because there is no escape.
We could solve this problem by shutting down the Federal Reserve and restoring the power to issue U.S. currency to the U.S. Congress (which is what the U.S. Constitution calls for). But the politicians in Washington D.C. are not about to do that.
So unless you are willing to fundamentally change the current system, you might as well quit complaining about the U.S. national debt because it is now mathematically impossible to pay it off.
***UPDATE***
It has been suggested that the same dollar can be used to pay off debt over and over - this is theoretically true as long as the dollar remains in the system.
For example, if the U.S. government gives China a dollar to pay off a debt, there is a good chance that the U.S. government will be able to acquire that dollar again and use it to pay off another debt.
However, this is not true when debt is retired with the Federal Reserve. In that case, money is actually removed from the system. In fact, because of the "money multiplier", when debt is retired with the Federal Reserve it can remove ten times that amount of money (and actually more, but let's not get too technical) from the system.
You see, fractional reserve banking works both ways. When $100 is introduced into the system, it can theoretically create $1000 as the example in the article above demonstrates. However, when that $100 is removed, it can have the opposite impact.
And considering the fact that the Federal Reserve "purchased" the vast majority of new U.S. government debt last year, we have got a real mess on our hands.
Even if a way could be figured out how to pay off all the debt we owe to foreign nations (such as China, Japan, etc.) it would still be mathematically impossible to pay off the debt that we owe to the Federal Reserve which is exploding so fast that it is hard to even keep track of.
Of course we could repudiate that debt and shut down the Federal Reserve, but very few in Washington D.C. have any interest in doing that.
It has also been suggested that instead of just using dollars to pay off the U.S. national debt, we could use the assets of the U.S. government to pay it off.
That is rather extreme, but let us consider that for a moment.
That total value of all physical assets in the United States, both publicly and privately owned, is somewhere in the neighborhood of 45 to 50 trillion dollars. Of course the idea of the U.S. government "owning" every single asset of the American people is repugnant to our entire way of life, but let's assume that for a moment.
According to the 2008 Financial Report of the United States Government, which is an official United States government report, the total liabilities of the United States government, including future social security and medicare payments that the U.S. government is already committed to pay out, now exceed 65 TRILLION dollars. This amount is more than the entire GDP of the whole world.
In fact, there are other authors who have written that the actual figure for the future liabilities of the U.S. government should be much higher, but let's be conservative and go with 65 trillion for now.
So, if the U.S. government took control of all physical assets in the United States and sold them off, it could not even make enough money to pay for everything that the U.S. government is already on the hook for.
Ouch.
If you have not read the 2008 Financial Report of the United States Government, you really should. Actually the 2009 report should be available very soon if it isn't already. If anyone knows if it is available, please let us know.
The truth is that the U.S. government is in much bigger financial trouble than we have been led to believe.
For example, according to the report (which remember is an official U.S. government report) the real U.S. budget deficit for 2008 was not 455 billion dollars. It was actually 5.1 trillion dollars.
So why the difference?
The CBO's 455 billion figure is based on cash accounting, while the 5.1 trillion figure in the 2008 Financial Report of the United States Government is based on GAAP accounting. GAAP accounting is what is used by all the major firms on Wall Street and it is regarded as a much more accurate reflection of financial reality.
So needless to say, the United States is in a financial mess of unprecedented magnitude.
So what should we do? Does anyone have any suggestions?