http://www.crainsnewyork.com/article/20121030/REAL_ESTATE/121039991

Cuomo assesses damage of WTC site
The vehicle security center's underground ramps literally funneled storm surge into the flooded construction pit.

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By Daniel Geiger @dangeiger79
October 30, 2012 2:44 p.m.
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Updated: October 30, 2012 3:50 p.m.
Gov. Andrew Cuomo on Tuesday said the World Trade Center site had suffered extensive flooding as a result of Superstorm Sandy.
"What I saw last night in downtown Manhattan were some of the worst conditions I had ever seen," Gov. Andrew Cuomo said during a press conference on Tuesday morning, providing the first official description of the impact of the storm at the WTC site. "The Hudson River was literally pouring into the Ground Zero site with such a force we were worried about the structure of the pit itself."
Patrick Foye, the executive director of the Port Authority of New York and New Jersey and the bi-state agency's top New York official, said he doubted the storm surge had caused any structural damage at WTC site but that equipment and electrical systems being installed may have been damaged by the flood waters.
"There was a substantial incursion of water," Mr. Foye said. "I think it's fair to say that salt water and modern electrical equipment don't mix well. We don't expect structural damage but damage to equipment. That assessment is underway and is a high priority."
Mr. Foye said that West, Washington and Cedar streets, roadways that surround the WTC site, were all flooded during the storm. The storm surge swept into the WTC site, a construction pit largely open to the elements, primarily through the Vehicle Security Center on the southern end of the project. The security center will have ramps to allow traffic to pass underground via subterranean roads and parking areas. It appears those ramps served as a chute for the storm's oncoming water.
The WTC site is especially vulnerable to flooding because its located in low lying neighborhoods. Metropolitan Transportation Authority CEO Joseph Lhota said in a press conference Tuesday morning that the nearby South Street station at the southern tip of Manhattan had been completely flooded during the storm.

THE 9/11 DECADE
by David Chapman 9/23/2011
http://www.bmgbullion.com/document/988
pdf - http://www.bmgbullion.com/doc_bin/9.23.11_TechnicalScoop_9_11Decade.pdf

"...One could go back further and find further evidence of financial collapses... ...What does appear to be consistent is that war, speculation, debt and financial chicanery (usually present in all periods of speculation) resulted in sovereign, banking and individual debt collapses...This time has been no different..."
"...But the process takes years and the 9/11 decade was probably only the beginning. This coming decade may be even more stressful as bankruptcy and war continue to dominate the headlines. History seems to suggest that the long-term down cycles are in full force and the worst may be yet to come.... -- David Chapman

When the airplanes struck the World Trade Center on September 11, 2001 (aka 9/11) the stock market had already been falling for over 18 months. The high tech/internet bubble of the 1990s had topped first with the Dow Jones Industrials (DJI) on January 14, 2000 followed by the NASDAQ on March 10 and the S&P 500 on March 24. By the close of September 10, 2001 the DJI was down 18 per cent, the NASDAQ had fallen an incredible 66 per cent and the S&P 500 was off 28 per cent from the highs of 2000. The markets re-opened on September 17, 2001 and after four more days of losses, the markets found a temporary rest on September 21. By that time the DJI was down 30 per cent, the S&P 500 was off 37 per cent and the NASDAQ 72 per cent from the highs of 2000. Fear gripped the markets just as it gripped the world on 9/11.

Al Jazeera provided an interactive breakdown on how much 9/11 has cost  to the American economy in 10 years.

I have outlined it below in short; further down is the longer version with explanation details for each main and sub-category. It is stated that many of these categories are conservative calculations and that many categories are certain to rise in cost.

Note: $5 trillion dollars is equal to 5 million millions.

http://wearechangenewjersey.com/?p=324

Glenn Zarmanov
10/01/10
WeAreChangeNewJersey.COM

The internet is abuzz with rumors of a new terror attack to be launched by alleged 9/11 mastermind Osama Bin Laden and his latest unconfirmed audio warning that America must be punished for climate change and its economic practices.

http://green.yahoo.com/news/afp/20101001/wl_afp/qaedabinladenpakistancli...
Bin Laden concerned by climate, Pakistan floods: audiotape
By Wissam Keyrouz
Fri Oct 1, 2010

The tape would be the first time Bin Laden has spoken publicly since March 25.

Bin Laden's whereabouts are unknown, but in August, the US commander in Afghanistan, General David Petraeus, said bin Laden is "far buried" in the remote mountains between Afghanistan and Pakistan and that capturing him remains a key task.

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2010m1d2...

Kitty Werthmann was born in Austria in 1925; her family experienced the depression-era economy and her nation’s desperate embrace of Nazi fascism. Today, she tells her story to all who will listen. Her audio testimony is transcribed below.

As a teacher of US Government classes with an Ed.M from Harvard, I can tell you that the defining US policies are now fascist and not those of a constitutional republic. This conclusion from understanding basic definitions of political theory requires only a high school-level understanding, the time to examine the objective facts of US policies, and the intellectual integrity and moral courage to tell the truth.

Therefore, the topic of this article is not US descent into fascism, but rather a warning about consolidation of fascist power as a "solution" presented to desperate Americans facing economic depression caused by the fascists themselves.

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m11d...

Banksters took a hit through disclosure of court documents of US lawsuit for $280 million for fraud to college students through student loan disinformation. JP Morgan, Citigroup and Nelnet are the defendants in the lawsuit.

Banksters have sucked trillions through direct transfer of American taxpayer money to their pockets. This suit is heartening and I hope shows true law enforcement for the public good. However, the larger context is that our political “leaders” of both parties facilitate ongoing fraud as the banksters’ pimps while heartlessly ignoring Americans’ unemployment and poverty and reneging on their promise of funding the end of poverty with only 0.7% of GNI.

Congress and Mr. Obama stand aside and allow a million children to die every month from preventable poverty. As you should know, ending poverty in every historical case reduces population growth rates, decreases environmental pressure from desperate people, and reduces terrorism.

abundant hyperlinks live at source: http://www.examiner.com/examiner/x-25059-Nonpartisan-Examiner~y2009m11d2...

Washington’s Blog is one of my favorite sources for revealing facts and analysis in economics and policy. The recent post, Instead of fixing the US Economy or creating jobs for AMERICANS, Obama will spend the money in Afghanistan and Iraq, is so comprehensively brilliant in putting together the documentation that our wars are fraudulent and damaging to our economy, I’m reprinting it for you.

Needless to say, I recommend following Washington’s Blog for such insightful writing! Without further ado:

America is in the most severe unemployment crisis since - and perhaps including - the Great Depression.

And yet Obama, like Bush, has done virtually nothing to create more jobs. Instead, they both gave trillions to the biggest banks (who are not loaning it out to the little guy) and for waging wars in Afghanistan and Iraq.

Obama is apparently escalating - not ending - the wars. And its not cheap.

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d7...

Today is Labor Day, a holiday celebrating workers' organized efforts to achieve living wages, safe and dignified working conditions, and benefits (economists translate this into wages). I want to consider a more fundamental goal: achieving employment in order to have the above.

One of the key statistics to determine how well government policy is supportive of labor is unemployment. A government role in employment may be distasteful for some of you, but give me a moment to explain government's rightful role in supporting full employment. The failure of unemployment often translate into even more distasteful social costs: loss of potential economic productivity, crime, public health costs, and the immeasurable feeling you get seeing beggars in arguably the most successful economic environment in world history.

hyperlinks and video live at source: http://www.examiner.com/x-18425-LA-County-Nonpartisan-Examiner~y2009m9d3...

The US Interagency Council on Homelessness has found that all cost-benefit analyses show that paying for the homeless to have minimal housing, food, health care, and job counseling costs less than public costs of their street life. The greatest savings come from decreased emergency room visits, police calls, and court time. What isn't counted, and significant, is the increase of business in areas where the homeless are vagrants. In addition, these studies show most of these participants find jobs and leave these programs.

As always, please share this with all who say they want to be responsible citizens.

Philip Mangano, former Director of the US Interagency Council on Homelessness, provides an overview of the US and local government's experience of the costs and benefits:

SHIP OF STATE OR SHIP OF FOOLS

The Money Party at Work

We keep doing the same things over and over again and expect different results.

Michael Collins

http://www.washingtonsblog.com/2009/05/economy-will-not-recover-until.html

One of the leading business schools in America - the Wharton School of Business - has written an essay on the psychological causes and solutions to the economic crisis. Wharton points out that restoring trust is the key to recovery, and that trust cannot be restored until wrongdoers are held accountable:

9/11 is mentioned at the end.

http://georgewashington2.blogspot.com/2009/02/most-dangerous-words-there...

The Economics of Trust

A 2005 letter in premier scientific journal Nature reviews the research on trust and economics:

Trust ... plays a key role in economic exchange and politics. In the absence of trust among trading partners, market transactions break down. In the absence of trust in a country's institutions and leaders, political legitimacy breaks down. Much recent evidence indicates that trust contributes to economic, political and social success.

Forbes wrote an article in 2006 entitled "The Economics of Trust". The article summarizes the importance of trust in creating a healthy economy:

http://georgewashington2.blogspot.com/2008/12/madoff-scandal-and-post-wo...

This is the third of 3 essays on trust and the economy (the first two are here and here).

An article in Business Week says this of the Madoff scandal:

http://georgewashington2.blogspot.com/2008/12/how-to-restore-trust-so-as...

In addition to the technical factors which have brought on the financial crisis - the huge speculative bubble and leverage, derivatives, fractional reserve banking, spending beyond our means, etc. - there is another major factor.

As market psychologists Richard L. Peterson M.D. and Frank Murtha, Ph.D. wrote in October:

http://georgewashington2.blogspot.com/2008/12/economics-of-trust.html

I have previously argued that the economy cannot recover until we restore trust in our government, our leaders and our systems. This essay provides further evidence in support of that argument.

The Economics of Trust

Forbes wrote an article in 2006 entitled "The Economics of Trust". The article summarizes the importance of trust in creating a healthy economy:

Imagine going to the corner store to buy a carton of milk, only to find that the refrigerator is locked. When you've persuaded the shopkeeper to retrieve the milk, you then end up arguing over whether you're going to hand the money over first, or whether he is going to hand over the milk. Finally you manage to arrange an elaborate simultaneous exchange. A little taste of life in a world without trust--now imagine trying to arrange a mortgage.

http://www.youtube.com/watch?v=lqd_C9ISPjA

Ending drug prohibition and focusing on addiction as a sickness, like alcohol and prescription drugs, could save the U.S. economy and millions of lives. Please pass this video on to as many people as you can. We need your help to end the Drug War.

http://www.americandrugwar.com

http://georgewashington2.blogspot.com/2008/12/bodies-in-river.html

There's a well-known myth in India about bodies in the river.

Villagers notice a body floating by, and they take it out of the river and bury it.

Then more bodies float by, and the villagers take them out and bury them.

Soon, so many bodies are floating downriver that the village can't keep up. They run to the village elder to ask him how to fish all the bodies out.

The elder tells them to stop fishing out bodies, and instead tells them to walk upstream to find out why bodies are falling in the river in the first place. He tells them that unless they stop it, they won't solve the problem.

They do so, find out why people are dying and ending up in the river, and stop the whole mess.

Politicians are acting like the villagers. Their spending trillions in bailouts and gaming the markets is like trying to pull bodies out of the river and not being able to keep up.

Until we "walk upstream" and see what is causing the slaughter of one segment of our economy after another, and stop it, things will get worse.

http://endthefed.us
http://meetthetruthers.com
http://wacla.org

http://georgewashington2.blogspot.com/2008/11/iraqing-american-economy.html

The American economy hasn't just been wrecked, its been Iraqed.

As Senator Inhofe said Saturday:

RAND Lobbies Pentagon: Start War To Save U.S. Economy
EXCLUSIVE: Shocking proposal urges military leaders to attack major foreign power

http://www.prisonplanet.com/rand-lobbies-pentagon-start-war-to-save-us-e...

Paul Joseph Watson & Yihan Dai
Prison Planet.com
Thursday, October 30, 2008

According to reports out of top Chinese mainstream news outlets, the RAND Corporation recently presented a shocking proposal to the Pentagon in which it lobbied for a war to be started with a major foreign power in an attempt to stimulate the American economy and prevent a recession.

Alex Jones and former Governor Jesse Ventura join Willie Nelson at his home to discuss the effect the current economic crisis has on middle class workers, the significance of the 2008 election and unanswered questions about 9/11.

Tuesday, Oct 28, 2008

http://www.prisonplanet.com/a-conversation-with-willie-alex-jones-jesse-...

Ventura addresses his meeting with undercover CIA agents as Governor and challenges voters to revolt against the two-party dictatorship– supporting independent candidates instead.

http://www.youtube.com/watch?v=qR9vWxgo_1Q

WeAreChangeLongBeach at the Long Beach,CA City Council Chambers - A Warning

http://9-11.meetup.com/418

with links at: http://www.sheilacasey.com/2008/10/karl-denninger-predicts-financial-arm...

Economist and financial guru Karl Denninger has been railing for weeks about the lunacy of the bailout bill and the devastation it will bring to our financial markets.

Here's the key passage from Denninger's post on Market Ticker from Wednesday:

"Oil will collapse in price to $20/bbl. Unfortunately nobody will have any money to buy gasoline, or a car, so it won't matter. As in The Depression millions of automobiles will be scrapped after being abandoned by their owners for lack of insurance and registration fee money. Cheap scooters will become the dominant form of transportation for those with jobs, as they will be all most people can afford.

http://georgewashington2.blogspot.com/2008/10/how-to-solve-financial-cri...

After 7 years of lies from Bush, Cheney, Pelosi and the gang, people have stopped believing them.

As Ralph Waldo Emerson said:

"Who you are speaks so loudly I can't hear what you're saying."

Its like a thief who has been arrested 5 times for burglary. Even though he says all the right things to the judge at sentencing, the judge is still going to throw the book at him.

If the thief is appointed to head a government commission on corruption, do you think people will have confidence in the commission or its proposed actions? (Paulson was the head of Goldman Sachs when they sold huge sums of mortgage-backed securities called collateralized debt obligations, which are part of what caused the financial meltdown).

Edits: Blog Topics - "Bildergerg" to "Bilderberg"; "trilateral commission" to Trilateral Commission"

http://www.informationclearinghouse.info/article20939.htm

Get Your Dollars Out Now! FAST!!!

By Adrian Salbuchi

03/10/08 "ICH" -- - The events of the last two weeks have clearly revealed that the global financial, monetary and banking system imposed on the world by the power structures promoting "globalization" is fundamentally flawed, unviable and immoral in its effects upon the most all of Mankind. After allowing a small cabal of shady characters to illegitimately accumulate vast amounts of wealth and power over markets, corporations, industries, media, armed forces and entire nations, like the World Trade Center towers on 9/11, this entire System is now in free-fall, collapsing into itself in one massive implosion.

http://endthefed.us

http://georgewashington2.blogspot.com/2008/09/support-house-gop-rescue-p...

Forget Republican versus Democratic. That's a false dichotomy. Its the Democrats in Congress who are now trying to pass the fat cat welfare, taxpayer-funded bailout. Forget labels. Forget politics. Forget who should get credit for good ideas. Let's look at substance and do what's best for the country.

House Republicans are pushing a meaningful alternative to the Paulson bailout plan.

CNBC has the story:

In a letter to House Speaker Nancy Pelosi, House Minority Leader John Boehner urged that the proposals be "given the consideration they deserve."

The proposals include:

http://georgewashington2.blogspot.com/2008/09/white-house-admits-it-drew...

No one could have seen this coming, right?

Well, actually, the White House has admitted that they drew up the bail out plan months ago:

NSPD 51
http://www.whitehouse.gov/news/releases/2007/05/20070509-12.html

(b) "Catastrophic Emergency" means any incident, regardless of location, that results in extraordinary levels of mass casualties, damage, or disruption severely affecting the U.S. population, infrastructure, environment, economy, or government functions

THAT'S ALL I AM GOING TO SAY ABOUT THAT.