U.S. Economy Heading for Japan of the 1990’s or Argentina 2002?

The deflationists often talk about the two historic showcases – The 1930’s US depression and Japan’s lost decade of the 90’s. In both of those cases, debt-fueled equity and real estate bubbles were gigantic and exceeded 100% of the GDP in size. The subsequent debt implosion caused 50%+ retrenchment in their respective equity and/or real estate markets.

While there are similarities in the cause of the bubble and immediate effect after the debt collapse, the long term economic outcome and survival can be very different. In this paper we will debunk the claim that US is facing an imminent 90’s Japanese style deflation.

The Cause And Effect Of Deflation

Mainstream Media “Sustainable Recovery Hype” is Manipulating and Covering the Risks for Severe Economic Collapse,

The mainstream media and government are communicating that the economy is on a positive track toward recovery while downplaying the likelihood of another economic catastrophe similar or worse than that experienced in the fourth quarter of 2008 and first quarter of 2009. In actuality, there is a significant chance that the U.S. will experience a severe economic collapse, beyond what has already been experienced, either this year or within the next few years. If there is a perceived, sustainable economic rebound before this happens, do not be fooled – the underlying economic problems still exist and will likely eventually surface in economic collapse.

Violent Repression in Tegucigalpa, Honduras, yesterday (Pictures)

Dramatic Broadscasting from Telesur TV in Honduras yesterday

Haz click en cualquier video para verlo
Puedes ver otros en radiomundial.com.ve

Credit Bust of Depression-Era Magnitude

The financial system has effectively melted down. The wholesale credit system (securitization) is frozen, the banking system is dysfunctional and insolvent, and consumer spending has tanked. The Fed’s multi-trillion dollar lending facilities and monetary stimulus have kept the financial system from grinding to a halt, but the underlying problems still persist. Fed chairman Ben Bernanke has chosen to avoid the hard decisions and keep the price of toxic assets artificially high with the help of a $12.8 trillion liquidity backstop. That’s why stocks have rallied for the last 4 months while conditions in the real economy have steadily deteriorated. Bernanke is using all the tools at his disposal to keep the market from clearing and prevent the mountain of debt that has built up over decades from being purged from the system. Unfortunately, as Ludwig von Mises said, “There is no means of avoiding the final collapse of a boom brought on by credit expansion.”

Day of Reckoning for California and Ultimately for All of America

In California, the answer given by the state Treasurer’s office was a commitment never to default, seeking to directly refute my forecast issued here 13 days ago under the headline “California Collapsing.”

According to the BusinessJournal:

“The California’s state Treasurer’s office on Monday refuted an analyst’s recommendation last week that investors dump California municipal bonds and that the state is likely to default.

“Analyst Martin Weiss of Weiss Research said in a June 22 report that California’s financial woes create ‘a very high probability’ that California will eventually miss debt service payments.

“Mr. Weiss’ analysis and recommendation, to put it kindly, is misinformed,” responded Tom Dresslar, a spokesman for state Treasurer Bill Lockyer. “Even the credit rating agencies said, in announcing possible downgrades, that the likelihood of default is low.”

Ironically, just two days later …

California Defaulted on Its Short-Term Debt Obligations

The Coup in Honduras : another US destabilization operation?

While publicly opposing the military coup that ousted Honduran President Manuel Zelaya on Sunday, the Obama administration on Monday indicated that it will not cut off aid to the Central American country or demand Zelaya’s reinstatement.

Following a White House meeting with Washington’s closest Latin American ally, Colombian President Alvaro Uribe, President Obama reiterated the position that the ouster of Zelaya was illegal. However, Secretary of State Hillary Clinton told reporters at a State Department briefing that the US government was refraining from formally declaring the removal of Zelaya a “coup.”

Under the Foreign Assistance Act, no US aid can be given to a country whose elected head of government is removed by a military coup. The US is providing Honduras with $43 million in aid this year and maintains a major military presence in the country, including a base staffed by 600 US troops located 50 miles from the capital, Tegucigalpa. The US has also refrained from recalling its ambassador to Honduras.

California’s Empty Wallet

California State Controller John Chiang has warned that without a balanced budget in place by July 1, he will begin using IOUs to pay most of the state’s bills. On June 25, California Governor Arnold Schwarzenegger rejected a plan that would save the state $3 billion by cutting school spending, saying he would rather see the state issue IOUs than delay the funding problem with a piecemeal approach. The state’s total budget deficit is $24.3 billion.

Meanwhile, other funding doors are slamming closed. The Obama administration has said it will not use federal stimulus money to prop up California; and Fitch Ratings, a bond rating agency, announced that it was downgrading the credit rating of the state, which already has the lowest in the nation. Once downgraded, California’s rating is likely to fall below the minimum level legally required for most money market funds, forcing the funds to sell their California bonds. The result could be a cost of millions of additional dollars in higher interest rates for the state.

The US and the coup in Honduras

Washington’s criticisms of the June 28 military coup that ousted President Manuel Zelaya of Honduras lack any element of sincerity or historical truth. Washington is uneasy at the ouster of Zelaya, a conservative-turned-populist allied to Venezuelan President Hugo Chávez, because it reveals all too clearly the character of US foreign policy.

President Barack Obama’s condemnation of Zelaya’s overthrow as a “terrible precedent” is belied by Secretary of State Hillary Clinton’s refusal to characterize it as a coup. Under US laws, such a designation would force the government to cut off tens of millions of dollars in aid to Honduras and its armed forces. Clinton also declined to call for Zelaya’s reinstatement, saying, “We haven’t laid out any demands that we’re insisting on, because we’re working with others on behalf of our ultimate objectives.”

Zelaya was overthrown because his populism was seen as a threat both to conservative sections of the bourgeoisie in Honduras and to US strategic interests in Latin America and the Caribbean.

In October 2008, Zelaya joined the Bolivarian Alliance for the Americas (ALBA in Spanish), a regional alliance organized by Chávez that includes Venezuela, Bolivia, Ecuador, Cuba, Nicaragua, Honduras, Dominica, St. Vincent and the Grenadines, and Antigua and Barbuda. Member states receive subsidies coming largely from Venezuelan oil earnings. One provision, which Zelaya chose not to ratify, calls for common defense in case one of the member states is attacked by the US.

Reporters Without Borders’ Lies about Cuba

On May 20, 2009, Reporters Without Borders (RWB) published a statement on Cuba declaring that “anyone can browse the internet…unless they are Cuban.” To support its claim, RWB offered a videotaped scene filmed in a hotel with a hidden camera in which a Cuban is denied internet access. The organization goes on to assert that “in Cuba an internet user can be sentenced to 20 years in jail if s/he publishes a counterrevolutionary article on a website (article 91), and 5 years if s/he connects to the web illegally.” Lastly, RWB points out that “Cuba is the second largest prison in the world for journalists, after China,” reminding readers that there are “19 detained … under the false pretext that they are ‘mercenaries paid by the United States.’” 1

Banks own the US government

Last month, when the US Congress failed to pass a bankruptcy reform measure that would have allowed home mortgages to be modified in bankruptcy, senator Dick Durbin succinctly commented: “The banks own the place.” That seems pretty clear.

After all, it was the banks’ greed that fed the housing bubble with loony loans that were guaranteed to go bad. Of course the finance guys also made a fortune guaranteeing the loans that were guaranteed to go bad (ie AIG), and when everything went bust, the taxpayers got handed the bill. The cost of the bailout will certainly be in the hundreds of billions, if not more than $1tn when it is all over.

A political-economic oligarchy has taken over the United States of America

A political-economic oligarchy has taken over the United States of America. This oligarchy has institutionalized a body of law that protects businesses at the expense of not only the common people but the nation itself.

CNN interviewed a person recently who was seriously burned when his vehicle burst into flames because a plastic brake-fluid reservoir ruptured. Having sued Chrysler, he was now concerned that its bankruptcy filing would enable Chrysler to avoid paying any damages. A CNN legal expert called this highly likely, since the main goal of reorganization in bankruptcy is preserving the company’s viability and that those creditors who could contribute most to attaining that goal would be compensated first while those involved in civil suits against the company would be placed lowest on the creditor list since compensating them would lessen the chances of the company’s surviving. This rational clearly implies that the preservation of companies is more important than the preservation of people. Of course, similar cases have been reported before. The claims of workers for unpaid wages have often been dismissed as have their contracts for benefits.

Honduras now, what next? It was inevitable that the people at the top would fight to preserve their privileges

The ghost of the other, deadlier 9/11 has returned to stalk Latin America. On Sunday morning, a battalion of soldiers rammed their way into the Presidential Palace in Honduras. They surrounded the bed where the democratically elected President, Manuel Zelaya, was sleeping, and jabbed their machine guns to his chest. They ordered him to get up and marched him on to a military plane. They dumped him in his pyjamas on a landing strip in Costa Rica and told him never to return to the country that freely chose him as their head of state.

Back home, the generals locked down the phone networks, the internet and international TV channels, and announced their people were in charge now. Only sweet, empty music plays on the radio. Government ministers have been arrested and beaten. If you leave your home after 9pm, the population have been told, you risk being shot. Tanks and tear gas are ranged against the protesters who have thronged on to the streets.

For the people of Latin America, this is a replay of their September 11. On that day in Chile in 1973, Salvador Allende – a peaceful democratic socialist who was steadily redistributing wealth to the poor majority – was bombed from office and forced to commit suicide. He was replaced by a self-described “fascist”, General Augusto Pinochet, who went on to “disappear” tens of thousands of innocent people. The coup was plotted in Washington DC, by Henry Kissinger.

General of all American Intelligence: 911 was a fraud!

How the Bankers created their own “Money Machine” and slaved mankind

Honduras coup is just the tip of the iceberg, who is next?

The traditional right wing power sectors of Central America and South America are in panic. The single argument in their speeches and strategies is: “we have to stop the election of a “Chavez” or an “Evo Morales” in our country.” They have expressed their hatred to the Alba leaders very eloquently.

The virtues of the ALBA leaders are as questionable as the right wingers in power. Who will in the end be more beneficial for their countries, we have to wait and see the results.

( Pictures)The people on the streets fighting back the oligarchs´ coup d´eta in Honduras

Goldman Sachs The Fourth Branch of the U.S. Government

Quietly and almost unnoticed by most Americans, the US Federal Government introduced a fourth branch to its political structure in 2006. As you know we already had three branches, they are:

The Judicial: the Supreme Court
The Executive: the President
The Legislative: Congress

This pretty much has us covered in terms of political strategy… but what about financial issues? Everyone knows Congress has no clue how to allocate capital. And the Executive Branch doesn’t exactly have a great track record when it comes to financial matters either (we’ve run a deficit virtually every year since 1970).

Shouldn’t we have a Financial Branch of government? A group of fiscal experts entirely devoted to keeping the US’s fiscal house in order?

Every Reason in the World to Believe Gold Will Go Higher

The Gold Report: Lawrence, you have just returned from trips to Dubai, Hong Kong and Europe. What does the rest of the world think of the health of the U.S. and European economies?

Lawrence Roulston: It is striking how different the outlooks are in different parts of the world. In North America, most people are totally focused on the U.S. economy, which is not looking that promising in the near term. Therefore, investors are quite gloomy. Europe is also not very upbeat. But, in Europe, they are more pragmatic and they tend to look a little further into the future. As a result, many European investors see this down period as a buying opportunity. Parts of Asia were hit hard by the slowdown, but there is still a lot of growth in China and India. China reacted quickly with an effective stimulus plan that is focused on building infrastructure. Growth there is forecast at 8% for this year. With enhancements to rail, roads, ports and the like, China will become an even greater economic force.

Gold Breakout Above $1,000 Only a Question of Time

To borrow a phrase from a recent piece by Martin Armstrong, “it’s just time” for Gold to shine and revert to its role as money. Of course, the powers that be and their minions laugh in contempt at such a concept. Wall Street laughs at the investment that has no growth potential and pays no dividends.

And yet, these are the people who didn’t see this economic crisis coming and now declare that it is over! It may be over for them, since they have lined their pockets with taxpayer funds to mitigate their losses, but for the rest of us, the pain is just beginning. Economic depressions are a process, not a one-time event.

Japan has been in an economic depression for 19 years now, yet you won’t see pictures of soup lines on Japanese television. Their government has a printing press, a fiat currency and has ramped up government debt to levels relative to their GDP that make The United States look like a model of government restraint. Yet, debt deflation still reigns and the Nikkei Japanese stock market index remains 75% below its 1990 peak 19 years later.

Will we repeat this two decade depression (which is not over for Japan by a long shot)? Of course. The only wild card is our currency. History tells us that the U.S. Dollar will hold up well during a deflationary depression and is a good place to put one’s money if one does not wish to trade the bear market. But the reserve currency status of the US Dollar is at risk and the calls for a replacement grow louder every day. If a geopolitical event dethrones the US Dollar, an immediate and significant devaluation of the Dollar will occur.

U.S. Housing Market Deteriorates as Foreclosures Soar

Prime mortgages 60 days or more past due climbed to 2.9 percent of such loans through March 31 from 1.1 percent at the same point in 2008, the Office of the Comptroller of the Currency and the Office of Thrift Supervision said today in a report. First-time foreclosure filings on the loans rose 22 percent from the fourth quarter, the report said.

“I’m very concerned about the rise in delinquent mortgages and foreclosure actions,” Comptroller of the Currency John Dugan said in a statement with the report. President Barack Obama’s plan to create “sustainable, payment-reducing modifications is a positive step that should show significant benefits in the coming months,” Dugan said.

Obama’s program, unveiled Feb. 18, aims to help as many as 4 million homeowners by modifying loans and calls for Fannie Mae and Freddie Mac to refinance mortgages for as many as 5 million borrowers who owe more than their houses are worth. Foreclosure filings surpassed 300,000 for a third straight month in May, according to RealtyTrac Inc., and the U.S. economy has shed about 6 million jobs since the recession began in 2007.

Is America Broke?

First to Last
The United States was once the largest creditor nation on earth, the envy of the world. Everyone wanted to come to America in search of the American Dream. Now, The US is the largest debtor nation, and many question its leadership.
One bread winner used to make enough to support the entire family. It now takes two. The American Dream is a thing of the past, slipping between our fingers like so many grains of sand. We should ask ourselves why?
The savings of the American people is at all time lows. Debt levels are at historic highs. Our government is running deficits of unprecedented proportions. What has happened in the past few decades to cause such drastic changes to our standard of living and way of life?
Something is going on, and whatever it is, it isn’t good. The goal of this work is to ferret out what is wrong with the monetary system, and to offer a possible solution before it is too late; not so much for ourselves, as for our children, and their children to come. Time is of the essence.
Appearances
Money is not easily understood, especially when presented in the confusing manner it has been. But why would anyone make it appear more complicated or different than it is?

Honduras: Telesur Journalists Detained by Coup Forces

Telesur, which has been the ONLY media outlet to provide non-stop coverage on the coup in Honduras since yesterday, has just been the victim of violent repression in Honduras. During the beginning of the meetings taking place this afternoon in Nicaragua with all heads of state from Latin America, Telesur abruptly interrupted coverage to broadcast the words and cries of Adriana Sivori, Telesur correspondent in Tegucigalpa, denouncing she was being detained, along with her cameraman, by military forces in Honduras under orders by the coup dictatorship. There is massive repression underway in Honduras right now. The Telesur team has been detained by armed forces and placed under arrest in clear violation of international law. Their identification documents have been confiscated by the military and they have been kidnapped.

Roberto Micheletti is the name of the dictator in Honduras, who illegally took over yesterday after the military coup kidnapped and forced into exile the democratically elected president Manuel Zelaya. Remember his name for he should be tried for human rights violations.

The traditional ruling elites in Honduras resisting real democratic changes in order to keep their “banana republic”

Could the diplomatic thaw between Venezuela and the United States be coming to an abrupt end? At the recent Summit of the Americas held in Port of Spain, Barack Obama shook Venezuelan President Hugo Chávez’s hand and declared that he would pursue a less arrogant foreign policy towards Latin America. Building on that good will, Venezuela and the United States agreed to restore their ambassadors late last week. Such diplomatic overtures provided a stark contrast to the miserable state of relations during the Bush years: just nine months ago Venezuela expelled the U.S. envoy in a diplomatic tussle. At the time, Chávez said he kicked the U.S. ambassador out to demonstrate solidarity with left ally Bolivia, which had also expelled a top American diplomat after accusing him of blatant political interference in the Andean nation’s internal affairs.

Whatever goodwill existed last week however could now be undone by turbulent political events in Honduras. Following the military coup d’etat there on Sunday, Chávez accused the U.S. of helping to orchestrate the overthrow of Honduran President Manuel Zelaya. “Behind these soldiers are the Honduran bourgeois, the rich who converted Honduras into a Banana Republic, into a political and military base for North American imperialism,” Chávez thundered. The Venezuelan leader urged the Honduran military to return Zelaya to power and even threatened military action against the coup regime if Venezuela’s ambassador was killed or local troops entered the Venezuelan Embassy. Reportedly, Honduran soldiers beat the ambassador and left him on the side of a road in the course of the military coup. Tensions have ratcheted up to such an extent that Chávez has now placed his armed forces on alert.

The Great Bank Robbery: How the Private Banking System, Federal Reserve, is destroying America

As global leaders struggle to rescue their nations from economic breakdown, the legitimacy of the dollar as the world’s reserve currency is under attack. Perhaps the problem lies with the Fed.

A large part of the “super” in the American superpower is based on the modern creed of liberal democracy, which serves as the motor of free-market capitalism. And the lubricant that keeps this colossal machine humming at full speed 24/7 is the US dollar. So before we risk any conjectures on the future prospects of America’s versatile banknote, which presently serves as the ‘world’s reserve currency,’ perhaps we should know more about who controls it.

In the Fed We Trust

Honduras, Iran and others Color Revolutions, Old and New

In his new book, “Full Spectrum Dominance: Totalitarian Democracy in the New World Order,” F. William Engdahl explained a new form of US covert warfare – first played out in Belgrade, Serbia in 2000. What appeared to be “a spontaneous and genuine political ‘movement,’ (in fact) was the product of techniques” developed in America over decades.

In the 1990s, RAND Corporation strategists developed the concept of “swarming” to explain “communication patterns and movement of” bees and other insects which they applied to military conflict by other means. More on this below.

In Belgrade, key organizations were involved, including the National Endowment for Democracy (NED), the International Republican Institute (IRI), and National Democratic Institute. Posing as independent NGOS, they’re, in fact, US-funded organizations charged with disruptively subverting democracy and instigating regime changes through non-violent strikes, mass street protests, major media agitprop, and whatever else it takes short of military conflict.

Honduras: Army smothers media after coup

* Main Honduran newspapers accused of supporting coup

* Reporters Without Borders slams “news blackout” (Adds details of Twitter use to beat information blackout)

TEGUCIGALPA, June 29 (Reuters) – Honduras has shut down television and radio stations since an army coup over the weekend, in a media blackout than has drawn condemnation from an international press freedom group.

Shortly after the Honduran military seized President Manuel Zelaya and flew him to Costa Rica on Sunday, soldiers stormed a popular radio station and cut off local broadcasts of international television networks CNN en Espanol and Venezuelan-based Telesur, which is sponsored by leftist governments in South America.

A pro-Zelaya channel also was shut down.

The “free press” in Honduras…

Honduran press silence unrest and supports coup d’état

The media outlets of the Honduran nation have devoted their websites to stand out the mass meeting carried out at the major square of Tegucigalpa, Honduras’ capital city, in support to the coup d’état and the de facto government of Roberto Micheletti.

With headlines as “Standing around for peace and democracy”, from the newspaper La Tribuna; “Hondurans defend democracy nationwide,” from La Prensa; and “In multitudinous parade celebrate that Honduras left Hugo Chavez’s yoke”, from the newspaper El Heraldo, the newspapers in Honduras highlight the mass meeting in support of the coup and silence the different protests carried out since last Sunday by popular sectors in the Central American nations against the unconstitutional action.

Moreover, at the websites of the Honduran newspapers, there are short reports about the different resolutions issued by the organizations of the world, which condemn the coup d’état and about support unanimously given by the international community to president Jose Manuel Zelaya.

“Latin America isolates the government established in Honduras and supports Zelaya”; “UN demands to give the presidency back to Mel”; and “Former president Zelaya appears in the UN” are reports issued by the media outlets with regards to the wave of resolutions and actions carried out by the governments of the world in support of President Zelaya.

Likewise, at the informations issued by El Heraldo, La Prensa and La Tribuna, they do not refer to the different actions of protests carried out by popular sectors all around the nation, in order to denounce the coup d’état and demand the return of Manuel Zelaya to the presidency of the Republic.

Honduras, Zelaya: Unanimous resolution of the UN raises the dignity of the peoples of the world

The constitutional President of Honduras, Manuel Zelaya, held that the Resolution of the United Nations (UN) approved unanimously this Tuesday, condemning the coup d’état carried out this Sunday against the Constitutional Government of Honduras, raises the dignity of the people of Honduras and of the rest of the world.

The statements were made by Zelaya from the General Assembly of the UN, in its headquarter in New York, United States, where he praised the organization as an instrument to uphold democracy and freedom: “My congratulations for this organization, a warranty of democracy today in the world.”

Zelaya underscored that the Resolution also raises the human right agreements in the world, as well as the “fundamental values of humanity, such as the rights to live, freedom, justice, individual and collective dignity, citizen’s participation. [All of them] So important for this new 21st century, in which challenges and conditions become more complex; however,epale
we are also more strong, more conscious, and we have more tools to solve the problems and find more global resolutions, in which we are all committed to participate.”

Moreover, he stated that “this resolution is historic, meaningful and it gives strength to the very last citizen in the world to fight for the great conquers of the humanity, even if there are some [people] that despise such conquers and believe that the use of force and violence should remain over the peace and concord preached by the United Nations.”

“We have no doubt that always preaching for the common good, always raising our best wishes to the principles we have already mentioned, will be the north of our system in order to reach the goals for a better world, for which we are all committed with to defend ourselves, our children and future generations,” Zelaya asserted.

United Nations approves Resolution condemning coup d’État in Honduras

Caracas, Jun 30. ABN.- The General Assembly of the United Nations (UN) approved on Tuesday a Resolution condemning the coup d’État in Honduras and giving its support to the legitimate Government of the President Manuel Zelaya.

The Resolution project makes a call to the nations of the world “to recognize no Government other than that of the Constitutional President Manuel Zelaya.”

Furthermore, it demands the restoration of President Zelaya in his Office in joint with the constitutional order in Honduras.

The draft was issued by Antigua and Barbuda, Bolivia, Cuba, Dominican Republic, Ecuador, El Salvador, Guatemala, Honduras, Nicaragua and Venezuela.

Following the full text of the Resolution:

Situation in Honduras: democracy breakdown

The General Assembly,

Deeply concerned by the coup d’état that took place in the Republic of
Honduras on 28 June 2009,

Deeply concerned also by the acts of violence against diplomatic personnel
and accredited officials in the Republic of Honduras in violation of the 1961 Vienna
Convention on Diplomatic Relations,

Recalling the principles and purposes of the Charter of the United Nations,
international law, and conventions on international peace and security,

Gravely concerned by the breakdown in the constitutional and democratic
order that has led to the endangerment of security, democracy and the rule of law,
and that has jeopardized the security of Honduran and foreign citizens,

1.Condemns the coup d’état in the Republic of Honduras that has interrupted the democratic and constitutional order and the legitimate exercise of power in Honduras, and resulted in the removal of the democratically elected President of that country, Mr. José Manuel Zelaya Rosales;

2.Demands the immediate and unconditional restoration of the legitimate and Constitutional Government of the President of the Republic, Mr. José Manuel Zelaya Rosales, and of the legally established authority in Honduras;

3.Decides to recognize no Government other than that of the Constitutional President, Mr. José Manuel Zelaya Rosales;

4.Requests the Secretary-General to inform the General Assembly in a timely manner with regard to the evolving situation in that country.

Honduras:Demonstrators seize road to Tegucigalpa to demand Zelaya’s return

Caracas, Jun 30 ABN.- “We have seized the road that leads to Tegucigalpa. Despite this de facto government keeps us deprived of communication, we go towards a mass outpost to make democracy be respected with this demonstration that started in Santa Barbara (northeast) up to Tegucigalpa (southeast),” affirmed Rafael Ramirez, one of the people present at th parade carried out by social workers in San Pedro Sula (wester Honduras).

According to a report from Telesur, Ramirez explained that “the pro-coup leaders have blocked the the roads on that locality in order to avoid that protesters join to this peaceful parade.”

The military forces, carrying out orders of the de facto government in Honduras, continue repressing the social movements that are in the streets of the several localities of the country to demand the return of President Manuel Zelaya,” he added.

On the other hand, Candelario Reyes, a retired teacher, informed that in this parade are present members of the magistracy, neighbors of the nearby areas, farmers and all the people who support democracy.

He added that “here (in Honduras), there had not been coup d’états. That is why we are fighting for dignity. We are decided to do everything for democracy because we dream of a country of free people who might have a new Constitution of clear ideas and dreams.”

Argentina’s President to join Zelaya in his return to Honduras

Caracas, Jun 30 ABN.- Argentina’s President Cristina Fernandez is to join her Honduran counterpart, Manuel Zelaya, as member of the commission that will go next Thursday to this Central American country, after the coup d’état perpetrated against him last Sunday and the establishment of a de facto government.

According to Telam agency, the Argentinean President communicated on Monday night with Zelaya in order to express her support.

Extraordinary declaration by the presidential council of the Bolivarian Alliance for the Peoples of Our America

Managua, Nicaragua. Jun 29, ABN.- In the early morning hours of Sunday, June 28th, when the Honduran people were ready to exercise their right to vote in a democratic manner in relation to a survey promoted by the President of the Republic Manuel Zelaya Rosales to deepen participatory democracy, a group of uniformed masked men that declared they were following orders of the Supreme Command of the Armed Forces waged an assault on the Presidential Residence in order to kidnap President Zelaya, and later violently throw him out of his country.

From Bolivia to Honduras-Coups and Constitutions

Even in the best of times a coup in Honduras wouldn’t get much coverage in the U.S. since most North Americans couldn’t find the country on a map and, moreover, would have no reason to do so. Nevertheless, those in the U.S. who have been alert to the changes in Latin America over the past decade and almost everyone south of the border know that the coup d’etat (or “golpe de estado”) against President Manuel Zelaya has profound implications for the region and, in fact, all of Latin America. While the US press will glance from their intent gaze at reruns and specials on Michael Jackson and Farah Fawcett only long enough to report on President Obama’s reaction to the coup, Latin Americans will keep their eyes on the governments of the region as well as the social movements in Honduras as they search for a key to how the whole affair will turn out.

Alba ready to support insurrection against coup d’État in Honduras

Caracas, Jun 29. ABN.- The Bolivarian Alliance for the Peoples of Our America (Alba) is ready to support the rebellion that the Honduran people could carry out against the coup d’État executed by a group of military officers in joint with a political elite of Honduras.

The information was made known by the President of the Bolivarian Republic of Venezuela, Hugo Chavez, after an extraordinary meeting of the Alba that took place in Managua, Nicaragua’s capital city. The Alba countries issued an official statement condemning the coup d’État and making a call to social movements to rebel against the Government de facto in Honduras.