Hi Michael,
It would be nice if that Jewish Nazi Deborah Lipstadt would at least spell MacDonald's name correctly. I guess this shows us the general quality of her scholarly work.
http://lipstadt.
By the way, when did Kevin become a White Supremacist?
Later,
David
--
NOW AN AMAZON KINDLE BOOK ON YOUR PC, iPHONE OR KINDLE DEVICE
Debating the Holocaust: A New Look at Both Sides By Thomas Dalton
In this remarkable, balanced book, the author skillfully reviews and compares "traditional" and "revisionist" views on the "The Holocaust."
On one side is the traditional, orthodox view -- six million Jewish casualties, gas chambers, cremation ovens, mass graves, and thousands of witnesses. On the other is the view of a small band of skeptical writers and researchers, often unfairly labeled "deniers," who contend that the public has been gravely misled about this emotion-laden chapter of history.
The author establishes that the arguments and findings of revisionist scholars are substantive, and deserve serious consideration. He points out, for example, that even the eminent Jewish Holocaust scholar Raul Hilberg acknowledged that there was no budget, plan or order by Hitler for a World War II program to exterminate Europe's Jews.
This book is especially relevant right now, as "Holocaust deniers" are routinely and harshly punished for their "blasphemy," and as growing numbers of people regard the standard, Hollywoodized "Holocaust" narrative with mounting suspicion and distrust.
The author of this book, who writes under the pen name of "Thomas Dalton," is an American scholar who holds a doctoral degree from a major US university.
This is no peripheral debate between arcane views of some obscure aspect of twentieth century history. Instead, this is a clash with profound social-political implications regarding freedom of speech and press, the manipulation of public opinion, how our cultural life is shaped, and how power is wielded in our society.
http://www.amazon.com/s/ref=nb_ss_0_8?url=search-alias%3Daps&field-keywords=debating+the+holocaust&sprefix=DEBATING
Peace.
Michael Santomauro
Editorial Director
Call anytime: 917-974-6367
ReporterNotebook@Gmail.com
--
NOW AN AMAZON KINDLE BOOK ON YOUR PC, iPHONE OR KINDLE DEVICE
Debating the Holocaust: A New Look at Both Sides By Thomas Dalton
In this remarkable, balanced book, the author skillfully reviews and compares "traditional" and "revisionist" views on the "The Holocaust."
On one side is the traditional, orthodox view -- six million Jewish casualties, gas chambers, cremation ovens, mass graves, and thousands of witnesses. On the other is the view of a small band of skeptical writers and researchers, often unfairly labeled "deniers," who contend that the public has been gravely misled about this emotion-laden chapter of history.
The author establishes that the arguments and findings of revisionist scholars are substantive, and deserve serious consideration. He points out, for example, that even the eminent Jewish Holocaust scholar Raul Hilberg acknowledged that there was no budget, plan or order by Hitler for a World War II program to exterminate Europe's Jews.
This book is especially relevant right now, as "Holocaust deniers" are routinely and harshly punished for their "blasphemy," and as growing numbers of people regard the standard, Hollywoodized "Holocaust" narrative with mounting suspicion and distrust.
The author of this book, who writes under the pen name of "Thomas Dalton," is an American scholar who holds a doctoral degree from a major US university.
This is no peripheral debate between arcane views of some obscure aspect of twentieth century history. Instead, this is a clash with profound social-political implications regarding freedom of speech and press, the manipulation of public opinion, how our cultural life is shaped, and how power is wielded in our society.
http://www.amazon.
Peace.
Michael Santomauro
Editorial Director
Call anytime: 917-974-6367
ReporterNotebook@
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... The real reason for attacking Westerners in the West, or in airplanes on the way there, is to provoke the Western governments to send more Western soldiers to Afghanistan, Pakistan, Yemen and elsewhere in the Muslim world to attack Muslim jihadists on the Islamists' own ground, where the latter have tactical and human advantages that Western soldiers can never overcome. Instead, attack by Western soldiers and the building of Western military bases on the soil of Muslim countries radicalize and scandalize ordinary people, and undermine the governments of those countries that choose to align themselves with the invaders -- thereby, in the eyes of Islamic true believers, revealing themselves as traitors to orthodox Muslim belief. 
... Why the nonsensical halt order [by Hitler], when the enemy was beaten, and with no chance of stopping the powerful German army? ... But on May 24th, 1940, while the campaign was still in progression, Hitler expressed a deeper, more political motive, to members of Field Marshal Gerd von Rundstedt's staff ... "He then astonished us by speaking with admiration of the British Empire, of the necessity for its existence, and of the civilization that Britain had brought into the world ... He concluded by saying that his aim was to make peace with Britain on a basis that she would regard as compatible with her honor to accept." An incredible tale, and yet, it fits with the admiration Hitler expressed for Britain in Mein Kampf. Hitler offered peace to the British twice during World War Two ... 
Several prominent Germans recall Hitler, including an outstanding World War II fighter pilot. Adolf Galland relates that Hitler emphasized to him, in a private conversation, how much he detested having to fight the English, whom he admired. (Britain declared war against Germany in 1939, and rejected Hitler's repeated offers of peace.) From the PBS television series "How Hitler Lost the War." Runtime: 2:00 mins. 
A caller on a C-Span [US cable television] interview program Monday complained about "all these Jews" having "way too much power" in America and pushing the U.S. into wars with the Muslim world. He found his comments echoed and expanded upon by the studio guest. Michael Scheuer, the former director of a CIA unit assigned to track down Osama Bin-Laden, calmly expressed the view that American soldiers are now dying in Iraq for the sake of Israelis. He further claimed that any debate of American support for Israel is squelched in the public sphere. The interviewer for C-Span's Washington Journal program did not react to the blatantly anti-Semitic exchange. 
We think we know the Revolutionary War. After all, the American Revolution and the war that accompanied it not only determined the nation we would become but also continue to define who we are ... Yet much of what we know is not entirely true. Perhaps more than any defining moment in American history, the War of Independence is swathed in beliefs not borne out by the facts. Here, in order to form a more perfect understanding, the most significant myths of the Revolutionary War are reassessed ... In reality, Britain might well have won the war. The battle for New York in 1776 gave England an excellent opportunity for a decisive victory. France had not yet allied with the Americans. Washington and most of his lieutenants were rank amateurs. 
Uncompromisingly hostile to war and war propaganda, Rothbard was one of the few who remained true to his convictions even during the stifling Cold War era. Along with Garet Garrett, John T. Flynn and Harry Elmer Barnes, he continued steadfastly to oppose the US military-industrial complex and the military adventurism that is an integral part of its "perpetual war for perpetual peace" policy. Rothbard embraced historical revisionism in all its facets, including taboo issues of the Second World War. 
We can't get no job satisfaction. Even Americans who are lucky enough to have work in this economy are becoming more unhappy with their jobs, according to a new survey that found only 45 percent of Americans are satisfied with their work. That was the lowest level ever recorded by the Conference Board research group in more than 22 years of studying the issue. In 2008, 49 percent of those surveyed reported satisfaction with their jobs. The drop in workers' happiness can be partly blamed on the worst recession since the 1930s, which made it difficult for some people to find challenging and suitable jobs. But worker dissatisfaction has been on the rise for more than two decades. 
...Thus the real cost of Afghanistan and Iraq are much higher than $200 billion annually. Yet President Obama, heedless of such costs, appears determined to expand the Afghan War. It seems clear that Obama has fallen increasingly under the influence of America's powerful military-industrial
Larry King hosted a discussion between Ben Stein and Ron Paul on Monday that was ostensibly about the airline security fiasco. The discussion quickly turned into a heated debate between Stein and Paul about the root cause of the terrorist attack ... Stein may have merely slipped up and admitted the obvious: that the entire thing is about Jewish influence on our foreign policy. Rejecting Middle Eastern imperialism is anti-Semitic. The truth is anti-Semitic. But I don't think a man as intelligent and poised as he is would do something that consequential by accident. I believe this is the beginning of a sea change in political strategy, one in which a direct campaign tries to bury the Ron Paul Revolution and its Tea Party Movement under a tidal wave of negative publicity and accusations of neoheresy. Anti-Imperialism = Anti-Semitism. 
... The major potential counterweight to Zionist Israel First hegemony in the US would be in a revival of patriotic working class consciousness. America's "special relation" with Israel has been at an enormous cost to the working class, amounting to over $1.5 trillion dollars in foreign aid, loan guarantees, hijacked technological innovations, lost overseas investment opportunities, not to mention the wars on Israel's behalf and the lost lives in fighting Israel's war in Iraq. There is a 'material base' for a mass patriotic working people's revolt against the crass submission of the entire political class to the ZPC and its patrons in Tel-Aviv. 
Children of Blackshirt women, who joined Oswald Mosley's pro-Nazi British Union of Fascists, often feel that they have had to live with the burden of the guilt and shame caused by their mother's fascist sympathies ... In documentaries about the Blackshirts, the pictures I have seen are only of men, marching in the streets in their paramilitary uniforms. I knew about the daughters of the aristocracy, like Diana Mitford who married Oswald Mosley, but I had not realised that young girls, like my own mother, could have been sucked in too. But speaking to the historian Julie Gottlieb (author of Feminine Fascism) I was surprised to learn that the first fascist political organisation in Britain was actually founded by a woman. 
... The "Holocaust" ceased long ago to be about the Jews who died in that war. The "Holocaust" is about Zionist power and policies. As stated, the "Holocaust" myths serve specific objectives: justifying Zionist settlement in Palestine; cultivating a guilt complex in the West over the "Holocaust" as the result of Western anti-Semitism; mobilizing Western public opinion behind financial, political, and military support for the Zionist movement; and condoning Zionist infractions of international law under the pretext that the wartime deaths of the Jews were unique and unparalleled in human history. 
International interest in the most prominent symbol of the Nazi death machine, the Auschwitz concentration camp, remains high, with a record number of visitors in 2009, officials said Sunday. The erstwhile Auschwitz-Birkenau complex drew 1.3 million visitors last year, a record for the 62-year history of the memorial, the facility's press office reported. Well more than half the visitors - 821,000 - were young people, a matter of satisfaction since they are the world's future, said museum director Piotr M A Cywinski. 
... It has long been known that President Franklin D. Roosevelt, during the last year of his life, was gravely ill with serious cardiac problems: He'd been diagnosed with acute heart failure in March 1944 and suffered from astronomically high blood pressure and arteriosclerosis. But what the public did not know was that four years earlier, while still in the second of his four terms as president, FDR had been diagnosed with a deadly skin cancer, melanoma, in a lesion over his left eyebrow. This disease would metastasize to Roosevelt's abdomen and his brain, causing a tumor that eventually killed him on April 12, 1945. 
... Spies are traitors in every sense of the word, unless, of course, if one is spying for Israel. Israel aggressively spies on the US both to influence policy and steal high technology, but getting caught only very rarely has any consequences. Leading neoconservatives like Richard Perle, Douglas Feith, and Stephen Bryen have all been detected in flagrante providing classified information to Israel but the investigations were halted and their security clearances were godfathered so they could continue to hold high office. FBI counter intelligence officer John Cole has reported on the frustration of his colleagues over the many cases of Israeli espionage that are dropped under orders from the Justice Department. 
Let's start 2010 right and mention a few honest people in the news... Lastly I read Kevin Mac Donald's Cultural Insurrections, his essays on western civilization, Jewish influence, and anti-Semitism. Jewish influence is a much-discussed subject -- in private, that is. It is seldom the subject of dispassionate scientific analysis. MacDonald does not pull his punches. I read all three books in one week while partying non-stop as the year came to a close. 
Sven Hedin was one of Sweden's most famous scientists. Back in the early 1900s he explored Central Asia and Mongolia, and became an international cartographer, hydrographer, photographer and author of popular travel books ... In 1905 Hedin was appointed one of 18 judges on the Nobel Prize Committee. He continued voting on nominees until 1949. In the 1930s, he came to admire Adolf Hitler and often visited him ... "He was a hypnotic talker, a fascinating man. I also made friends with Goebbels, Himmler, Goering and Doenitz." 
... Enter Shlomo Sand. In a new book, "The Invention of the Jewish People," the Tel Aviv University professor of history argues that large numbers of Khazar Jews migrated westward into Ukraine, Poland and Lithuania, where they played a decisive role in the establishment of Eastern European Jewry. The implications are far-reaching: If the bulk of Eastern European Jews are the descendents of Khazars -- not the ancient Israelites -- then most Jews have no ancestral links to Palestine. Put differently: If most Jews are not Semites, then what justification is there for a Jewish state in the Middle East? 
The numbers speak for themselves: There are now 16 Holocaust museums in the United States, from Albuquerque, N.M., to Houston, to Richmond, Va. And these are just the biggest of nearly 150 Holocaust centers all over the country. The proliferation of museums detailing the story of what happened to European Jewry during World War II has been largely a phenomenon of the 1990s, part of the general increase in Holocaust awareness in the culture at large. But it has by no means slowed. 
... We have a government that cannot balance its books, defend its borders or win its wars. And what is it now doing? Drafting another entitlement program as we are informed that the Social Security and Medicare trust funds have unfunded liabilities in the trillions. At the end of the first decade of the 21st century, the question is not whether we will preside over the creation of a New World Order, but whether America's decline is irreversible. 
... The bottom line is that you don't need to be a sociologist, political scientist, or a student of colonialism or foreign cultures to understand why military occupation is such a poisonous activity and why it usually fails. If you're an American, you just need to read a bit about Reconstruction and reflect on how its effects -- along with the effects of slavery itself -- have persisted across generations. If that's not enough, visit a society that is currently experiencing occupation, and take the time to go through a checkpoint or two. Then you might understand why the local population doesn't view the occupying forces as benevolent and isn't as grateful as occupiers often think they ought to be. 
... The Gaza War - from the decision to throw the army into a densely populated area to the use of white phosphorus and flechette munitions - has raised a dark cloud over Israel. The Goldstone report, coming as it did after the gruesome pictures broadcast throughout the war by all the world's TV networks, has produced a terrible impression. Hundreds of millions of people saw and heard, and their attitude towards Israel has changed for the worse. This will have far-reaching impact on the decisions of governments, the attitude of the media and in thousands of big and small decisions concerning Israel. 
... Hitler offered total cessation of the war in the West. Germany would evacuate all of France except Alsace and Lorraine, which would remain German. It would evacuate Holland and Belgium, retaining Luxembourg. It would evacuate Norway and Denmark. In short, Hitler offered to withdraw from Western Europe, except for the two French provinces and Luxembourg, in return for which Great Britain would agree to assume an attitude of benevolent neutrality towards Germany as it unfolded its plans in Eastern Europe. In addition, the Führer was ready to withdraw from Yugoslavia and Greece. 
... In the US, of course, there is no such attempt to hold to account Bush, Cheney, Condi Rice, Rumsfeld, Wolfowitz, and the large number of war criminals that comprised the Bush Regime. Indeed, Obama, whom Republicans love to hate, has gone out of his way to protect the Bush cohort from being held accountable. Here in Great Moral America we only hold accountable celebrities and politicians for their sexual indiscretions ... Apparently, Americans regard sexual infidelity as far more serious than invading countries on the basis of false charges and deception, invasions that have caused the deaths and displacement of millions of innocent people. 
Sigmund Freud, the father of psychoanalysis, was saved from Hitler's persecution of the Jews by a long-standing Nazi who was fascinated with his work, a new book reveals. The fate of Freud and his family in Vienna hung in the balance after Hitler's forces took over Austria in 1938. The psychoanalyst was first protected, then helped to escape to Britain, by Anton Sauerwald, a Nazi who had been put in charge of his assets. In twists of Freudian complexity, Sauerwald was put on trial after the Second World War accused of plundering the Freud family wealth -- only to be saved after the intervention of one of Freud's daughters. 
Ben Stein, former actor turned economic and political advisor, accuses Congressman Ron Paul of using an "anti-Semitic" argument in saying that the US should reconsider its Middle East policies, and in asking why there is so much hatred and terrorism against the US in Arab and Muslim countries. The heated exchange between Stein and Paul is during an appearance on CNNs "Larry King Live." 
Last week the House overwhelmingly approved a measure to put a new round of sanctions on Iran. If this measure passes the Senate, the United States could no longer do business with anyone who sold refined petroleum products to Iran or helped them develop their ability to refine their own petroleum ... This policy is pure isolationism. It is designed to foment war by cutting off trade and diplomacy. Too many forget that the quagmire in Iraq began with an embargo. Sanctions are not diplomacy. They are a precursor to war and an embarrassment to a country that pays lip service to free trade. It is ironic that people who decry isolationism support actions like this. 
Top NATO commander General McChrystal calls training local soldiers and cops "our main effort" in Afghanistan. But whipping recruits into shape is a whole lot harder when they're stoned out of their minds. "You walk into a whole squad of ANA [Afghan National Army] smoking hashish. They don't understand that the use of drugs, it effects the way that they accomplish their mission," says one disgusted marine. "Soldiers come out without helmets, soldiers come out missing a lot of gear." Runtime: 6:28 mins. 
Some will always believe that Tony Blair took the country to war in Iraq on a lie, but the most damning charge emerging from the Iraq war inquiry so far is that Britain went to war on a wing and a prayer. The main charges, after four weeks of cross examination, are that Britain had minimal influence over American diplomatic and military strategy, did not plan correctly for the aftermath of war, and utterly misconstrued post-war Iraqi society. 
The European Union (EU) expressed its dismay on Wednesday for Israel's decision on the expansion of the settlement of Gilo in East Jerusalem. "The presidency recalls that settlement activities, house demolitions and evictions in East Jerusalem are illegal under international law," said Sweden, which is current rotating presidency of the EU, in a statement. Such activities also prejudge the outcome of final status negotiations and threaten the viability of a two-state solution. The presidency recalls that the European Union has never recognized the annexation of East Jerusalem in 1967 nor the subsequent 1980 basic law," said the statement. 
In contrast to many national religious leaders who are lobbying for increases in immigration, a new Zogby poll of likely voters who belong to the same religious communities finds strong support for reducing overall immigration. Moreover, members strongly disagree with their leaders' contention that more immigrant workers need to be allowed into the country. Also, most parishioners and congregants prefer more enforcement to cause illegal workers to go home, rather than legalization of illegal immigrants, which most religious leaders prefer. 
Deng Xiaoping set forth a so-called 24-Character Plan for securing China's place in the world. "Hide our capacities and bide our time; be good at maintaining a low profile; and never claim leadership," the then Chinese leader espoused early last decade. But this year will be remembered, say analysts, as the year China abandoned its diplomatic quietism and Beijing displayed a clout on the international stage to match its global economic weight; the year Deng's maxims were renounced. The lesson for Australia and the United States, as China's audacious diplomatic manoeuvring at Copenhagen demonstrated, is that they will increasingly have to accept a world in which China is willing - and able - to assert interests at odds with those of the West. 
U.S. intelligence has concluded that the document published recently by the Times of London, which purportedly describes an Iranian plan to do experiments on what the newspaper described as a "neutron initiator" for an atomic weapon, is a fabrication, according to a former Central Intelligence Agency official. Philip Giraldi, who was a CIA counterterrorism official from 1976 to 1992, told IPS that intelligence sources say that the United States had nothing to do with forging the document, and that Israel is the primary suspect ... "The Rupert Murdoch chain has been used extensively to publish false intelligence from the Israelis and occasionally from the British government," Giraldi said. 
The World Jewish Congress hit out at weekend Vatican moves to raise controversial wartime pope Pius XII to sainthood. "As long as the archives of Pope Pius about the crucial period 1939 to 1945 remain closed, and until a consensus on his actions -- or inaction -- concerning the persecution of millions of Jews in the Holocaust is established, a beatification is inopportune and premature," said WJC President Ronald Lauder in a statement. He added that "strong concerns about Pope Pius XII's political role during World War II ... should not be ignored." The Vatican sparked anger amongst the Jewish community on Saturday with moves to nudge Pius -- whose beatification process was launched in 1967 -- closer to sainthood. 
Iran's president says he will soon write to the UN Secretary-General asking for his country to be compensated for World War II damages ... Ahmadinejad told the reporters that the countries that won the Second World War had inflicted a lot of damage on Iran by invading the country and using its resources. The president added that while the former Soviet Union, the United States and Britain received compensation after the conflict, Iran had been given nothing to make up for the suffering its people had endured ... At the start of World War II, Iran declared its neutrality, but the country was invaded by both Britain and the Soviet Union in August 1941. 
In the week that Britain's high speed rail link closed down because the wrong sort of snow interfered with the engine's electronics, China unveiled the world's fastest train service on one of the coldest days of the year. Days after thousands of passengers were left stranded when Eurostar services were cancelled, China's new system connects the modern cities of Guangzhou and Wuhan at an average speed of 217 mph - and it took just four years to build. The super-high-speed train reduces the 664-mile journey to just a three-hour ride and cuts the previous journey time by more than seven-and-a-
Like all things pure and precious 
Israeli police say that nuclear whistleblower Mordechai Vanunu has been arrested. Police spokesman Micky Rosenfeld said Vanunu was detained on suspicion he met with several foreigners, in violation of the conditions of his 2004 release from prison. He's to appear in a Jerusalem court later today. Vanunu was a former low-level technician at an Israeli nuclear plant who leaked details and pictures of the operation to the Sunday Times of London in 1986. From the material, experts concluded that Israel had the world's sixth-largest nuclear arsenal. Vanunu was later kidnapped by Israeli intelligence agents in Rome and brought back to Israel to stand trial. 
US President Barack Obama this week signed the 2010 foreign aid budget law which includes $2.775 billion in security aid to Israel. This is the second year the budget is transferred to the Jewish state as part of understandings that the American assistance to Israel in the coming decade will total $30 billion ... For the first time, the American foreign aid budget law includes a clause forbidding American export and import banks to use the aid funds for providing guarantees, insurance or credit to companies sullying refined oil to Iran. 
The White House condemns the torching of a mosque, yet respectable Americans contribute to a yeshiva whose rabbi said it's okay to kill gentile babies ... How can President Barack Obama object to furthering education in a settlement like Yitzhar, located in the heart of the West Bank? After all, his own tax revenues contribute to the flourishing of the Od Yosef Chai Shechem yeshiva, the settlement's crowning glory. This is the same yeshiva whose rabbi said it is permissible to kill gentile babies because of "the future danger that will arise if they are allowed to grow into evil people like their parents." 
The CIA used at least two secret detention centres in Lithuania after the September 11, 2001, terror attacks on the US, a Lithuanian inquiry has found. The report by a Lithuanian parliamentary committee says that in 2005 and 2006 CIA chartered planes were allowed to land in Lithuania. It says that no Lithuanian officials were allowed near the aircraft, nor were they told who was on board. Poland and Romania hosted similar CIA "black sites", say reports by ABC News in the US. In Lithuania, at least eight terror suspects were held at one centre on the outskirts of the capital Vilnius, the parliamentary investigation found. 
Germany has donated 60 million euros (88 million dollars) to a global fund that aims to preserve the site of the Nazi German Auschwitz-Birkenau death camp in Poland, authorities said Wednesday. In a statement, the Auschwitz-Birkenau Museum said that the money represented half the total it needs to ensure the future of the World War II site as a permanent memorial to the Nazis' victims. 
"I am writing the welfare department to say my baby was born 2 years old. When do I get my money?" "I can't get any sick pay. I have six children. Can you tell me why?" "This is my eight child. What are you going to do about it?" "I am very much annoyed to find that you branded my son illiterate. This is a dirty lie as I was married a week before he was born." "I am forwarding my marriage certificate and my three children, one of which is a mistake as you can see." "Unless I get my husband's money pretty soon, I will be forced to lead an immortal life." 
Israel has admitted that pathologists harvested organs from dead Palestinians, and others without the consent of their families - a practice that it said ended in the 1990s, it emerged at the weekend. The admission, by the former head of the country's forensic institute, followed a furious row prompted by a Swedish newspaper reporting that Israel was killing Palestinians in order to use their organs - a charge that Israel denied and called "antisemitic". The revelation, in a television documentary, is likely to generate anger in the Arab and Muslim world and reinforce sinister stereotypes of Israel and its attitude to Palestinians. 
In August Sweden's largest daily newspaper published an article containing grisly evidence suggesting that Israel had been taking Palestinian internal organs. The article, by veteran photojournalist Donald Bostrom, called for an international investigation to discover the facts. Israel immediately accused Bostrom and the newspaper of "anti-Semitism," and charged that suggesting Israelis could be involved in the illicit removal of body parts constituted a modern "blood libel" (medieval stories of Jews killing people for their blood) ... The fact is, however, that Israeli organ harvesting - sometimes with Israeli governmental funding and the participation of high Israeli officials, prominent Israeli physicians, and Israeli ministries - has been documented for many years. 
Société Générale [based in Paris, and one of Europe's largest banks] has advised clients to be ready for a possible "global economic collapse" over the next two years, mapping a strategy of defensive investments to avoid wealth destruction. In a report entitled "Worst-case debt scenario", the bank's asset team said state rescue packages over the last year have merely transferred private liabilities onto sagging sovereign shoulders, creating a fresh set of problems. Overall debt is still far too high in almost all rich economies as a share of GDP (350 percent in the US), whether public or private. It must be reduced by the hard slog of "deleveraging", for years. 
