Aug 22

- Chuck Hagel Goes Full Fearmonger: “ISIS Poses Greater Threat Than 9/11, Prepare For Everything” (ZeroHedge, Aug 21, 2014):

US Secretary of Defense Chuck Hagel talks about the “imminent threat” ISIS poses to the US and the World.. .and pulls no punches in his total fearmongery…ISIL poses a threat greater than 9/11. ISIL is as sophisticated and well funded as any group we have seen. They’re beyond just a terrorist group. They marry ideology with a sophisticated strategic and tactical military prowess and they’re tremendously well-funded. This is way beyond anything we have seen. We must prepare for everything. Get Ready! Time for some QE-funded deficit-busting war spending… Continue reading »

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Aug 22

obama-pauses-vacation

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Aug 22

- End of the line: GMO production in China halted (RT, Aug 20, 2014):

In a surprise U-turn, China’s Ministry of Agriculture has decided not to continue with a program which developed genetically-modified rice and corn. Some environmentalists say public concerns about GM crops played a key role in the decision.

On August 17, when these permits were up for renewal, the Ministry of Agriculture decided not to extend them. In 2009, the ministry’s Biosafety Committee issued approval certificates to develop the two crops, rice and corn. Continue reading »

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Aug 22

Tesla Tower

- Soviet-era Tesla Tower restarted with spectacular lightning bolts (VIDEO) (RT, Aug 20, 2014):

A massive Soviet-built generator – once used for testing the resistance of aircraft to lightning, but now largely mothballed due to prohibitive costs – has staged a striking demonstration test at the behest of RT.

The 6-Megavolt device, one of the most powerful in the world, is capable of generating 200 meter-long lightning bolts, and was constructed in the 1970s at a closed facility outside Moscow, but fell into disuse after the collapse of the USSR.

The futuristic complex of entangled metal coils hidden in a secured virgin forest made it a cult object for urban explorers. Teams of camera-equipped youths navigated their way and documented the rusting coils and huge locks on their blogs. Continue reading »

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Aug 22

joseph-stalin

- Congress Proposes Law Banning Body Armor In The Land Of The Free (Sovereign Man, Aug 21, 2014):

By the late 1920s, Joseph Stalin became the unchallenged leader of the Soviet Union after having eliminated his opposition.

He topped it off in 1929 by serving a decisive blow to anyone that would dare to oppose him by outlawing private gun ownership in the country.

From that year on until 1953 when Stalin died, it’s estimated that more than 20 million Soviet citizens that were seen as a threat to the country’s leadership.

People were rounded up and either murdered outright, or sent to infamous gulag labor camps.

Stalin is an extreme case. But history is ripe with examples of governments which disarm their citizens, only to engage in serious oppression afterwards.

Communist China. Nazi Germany. Cambodia. Guatemala. Uganda. The list goes on and on. Pacification of the citizens is almost always a prerequisite to totalitarianism.

There have been a lot of attempts to disarm, or at least partially disarm, people in the US throughout history as well.

Each time there’s a major shooting somewhere, the chant to ban firearms grows louder.

But the latest proposal is especially telling.

H.R. 5344 is a bill currently going through Congress that would ban the purchase of body armor.

Violation would carry CRIMINAL penalties, including up to ten years in prison. Continue reading »

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Aug 22

You know it’s bad when …


- Former Mafia Boss Who Did a Lot of Business with Wall Street: Buy Physical Gold and Silver, Because Wall Street Steals Your Money (Washington’s Blog, Aug 21, 2014):

Crime Boss: Wall Street Has No Ethics

The Colombo crime family’s former boss – Michael Franzese – says even he doesn’t trust Wall Street.

Franzese – played by Joseph Bono in the 1990 Martin Scorsese movie “GoodFellas” – spent 10 years in prison after he was convicted on federal racketeering charges.

When he was 35, Franzese ranked No. 8 on Fortune Magazine’s list of the 50 most wealthy and powerful mafia bosses (44 of those on the list are now dead, and three are doing life in prison without parole). He reportedly raked in up to $8 million a week.  Franzese is the only surviving high-ranking member of a major crime family to publicly walk away and refuse protective custody. Continue reading »

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Aug 22

- 30 stats to show to anyone that does not believe the middle class is being destroyed (Economic Collapse, Aug 20, 2014):

The 30 statistics that you are about to read prove beyond a shadow of a doubt that the middle class in America is being systematically destroyed.  Once upon a time, the United States had the largest and most prosperous middle class in the history of the world, but now that is changing at a staggering pace.  Yes, the stock market has soared to unprecedented heights this year and there are a few isolated areas of the country that are doing rather well for the moment.  But overall, the long-term trends that are eviscerating the middle class just continue to accelerate.  Over the past decade or so, the percentage of Americans that are working has gone way down, the quality of our jobs has plummeted dramatically and the wealth of the typical American household has fallen precipitously.  Meanwhile, we have watched median household income decline for five years in a row, we have watched the rate of homeownership in this country decline for eight years in a row and dependence on the government is at an all-time high.  Being a part of the middle class in the United States at this point can be compared to playing a game of musical chairs.  We can all see chairs being removed from the game, and we are all desperate to continue to have a chair every time the music stops playing.  The next time the music stops, will it be your chair that gets removed? Continue reading »

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Aug 22

I wasn’t surprised to find life under there, but I was surprised how much life there was, and how they made a living. They are essentially eating the Earth.
- John Priscu, lead scientist

Scientists present definitive proof that life exists .5 miles beneath the ice sheet in the Antarctic lake. Pictured here, a coccoid shaped microbial cell with an attached sediment particle from the Subglacial Lake Whillans water column
Scientists present definitive proof that life exists .5 miles beneath the ice sheet in the Antarctic lake. Pictured here, a coccoid shaped microbial cell with an attached sediment particle from the Subglacial Lake Whillans water column

- Confirmed: Microbial life found half mile below Antarctic ice sheet (Los Angeles Times, Aug 20, 2014):

In an icy lake half a mile beneath the Antarctic ice sheet, scientists have discovered a diverse ecosystem of single-celled organisms that have managed to survive without ever seeing the light of the sun.

The discovery, reported Wednesday in the journal Nature is not so much a surprise as a triumph of science and engineering. The research team spent 10 years and more than $10 million to prove beyond a shadow of a doubt that life did indeed exist in subglacial lakes near the South Pole.

“It’s the real deal,” said Peter Doran, an Earth scientist at the University of Illinois at Chicago, who was not involved in the study. “There was news that they found life early this year, but a bunch of us were waiting for the peer reviewed paper to come out before we jumped for joy.” Continue reading »

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Aug 22

Obamacare-screws-middle-class
Mission accomplished!

- Obamacare Is A Disaster For Businesses, Philly Fed Finds (ZeroHedge, Aug 21, 2014):

Remember all those allegations that Obamacare would be an unmitigated disaster for businesses, especially smaller companies? Well, now we have proof.

As the Philly Fed, which mysteriously soared at the headline level even as the vast majority of its components tumbled, reported moments ago, “in special questions this month, firms were asked qualitative questions about the effects of the Affordable Care Act (ACA) and how, if at all, they are making changes to their employment and compensation, including benefits.”

What the survey found was very disturbing: not only did businesses report that as a result of Obamacare the number of workers they employ is lower than higher (18.2% vs 3.0%), that there has been an increase in part time jobs (18.2% higher vs 1.5% lower), leading to a big increase in outsourcing and most importantly, Obamacare costs are being largely passed on to customers (28.8% reporting higher vs 0.0% lower), the punchline was that while there is basically no change in the number of employees covered (17.6% higher vs 14.7% lower and 67.6% unchanged), there has been a big jump in Premiums, Deductibles, Out-of-pocket maximums, and Copays, which has been “matched” by a far greater reduction in the range of medical coverage and the size of the network.

In short a disaster. Continue reading »

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Aug 22

- Israel Assassinated Gaza Army Commander’s Wife and Son (Roi Tov, Aug 20, 2014):

Today, August 20, 2014, the wife (Wadad, 28) and son (Ali, 8) of Mohammed Deif, Commander of Gaza’s Army were buried after the failed Israeli fifth attempt to assassinate the Palestinian leader. “Hamas is not a terror organization but a state in the making,” claims Yediot Ahronot, Israel’s largest paid newspaper.

Last month, during Operation Strong Cliff,* the IDF fired a missile on his home, despite knowing that he seldom was there. Does this count as an assassination attempt?

Yesterday, he apparently survived. Gaza answered with missiles on Israel, and the IDF is ready to attack Gaza again. The National Security Cabinet is meeting while these lines are written while all Hebrew media agree that the assassination of his wife and child will backfire.

 

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Aug 22

This makes Big Pharma very happy.


ebola

- “Isolation Procedures Put In Place” After Ebola Suspect Dies In Ireland; Ebola-Like Disease Claims 70 In Congo:

Last week Ireland rushed to deny that a man with Ebola-like symptoms who was being tested in Dublin, did not have the disease. It may find such a refutation more difficult this time after Irish Times reported that a man was found dead last night in Donegal, after working in Sierra Leone, the epicenter of the current Ebola outbreak, and where “it is understood that a number of colleagues had contracted the virus.” The deceased was taken to Letterkenny General Hospital where the HSE is carrying out tests to see whether the death resulted from Ebola.

- WHO says 70 die from illness in Congo, denies Ebola link

- CURED? Emory University Hospital Releases Two US Ebola Patients

- Int’l Ebola News Roundup For August 20, 2014

- Liberia overwhelmed by number of Ebola dead

- Experimental drug success: US Ebola doctor to be discharged after recovery

- Dr. Kent Brantly being released from Atlanta hospital after Ebola treatment

- N.J. Ebola expert recalls earlier outbreak, alarmed about current spread!

- Uh Oh: Ebola crisis: Air France crews call for flight cancellations

- All 365 of Sierra Leone’s Ebola-related deaths pinned on one healer

- August 20 Ebola Spread: California, New Mexico, Germany, Austria, India, Myanmar, and more. Liberia Seals in 75,000 no docs, no food in or out:

The Ebola Virus is spreading very fast. Cases are now believed to exist in:

Sacramento, CA 

http://www.news10.net/story/news/local/2014/08/19/kaiser-ebola-patient/14316293/

Albuquerque, New Mexico

http://www.kob.com/article/stories/S3535038.shtml#.U_FuCmNrNc8

Berlin, Germany  Continue reading »

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Aug 22

ebola-liberia-clashes-violence
Liberian security forces stand in front of protesters after clashes at West Point neighbourhood in Monrovia August 20, 2014

- Police open fire, use tear gas on crowds as Liberia struggles to contain deadly Ebola (RT, Aug 21, 2014):

Four people were injured in clashes when soldiers opened fire and used tear gas on demonstrators in the quarantine zone in the Liberian capital, Monrovia. It’s as the world tries to contain the fatal outbreak and to find a cure for the deadly disease.

The death toll from the spreading virus mounted by 106 in just two days, and constituted 1,350 victims. In Liberia alone, 576 people have died from 972 cases, AFP reported. Continue reading »

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Aug 22

- Woodstock, Ontario – Coldest July max in 142 years (Ice Age Now, Aug 20, 2014):

Coldest since 1872


Using Environment Canada monthly summaries, Woodstock Ontario had the coldest average Tmax for July since 1872 (which is when the data starts).

http://sunshinehours.wordpress.com/2014/08/19/woodstock-ontario-coldest-july-tmax-in-142-years/

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Aug 22

A child next to a picture of Nelson Mandela at a pro-Palestinian rally in Cape Town

- My plea to the people of Israel: Liberate yourselves by liberating Palestine (Haaretz, Aug 14, 2014):

Archbishop Emeritus Desmond Tutu, in an exclusive article for Haaretz, calls for a global boycott of Israel and urges Israelis and Palestinians to look beyond their leaders for a sustainable solution to the crisis in the Holy Land.

By Desmond Tutu

The past weeks have witnessed unprecedented action by members of civil society across the world against the injustice of Israel’s disproportionately brutal response to the firing of missiles from Palestine.

If you add together all the people who gathered over the past weekend to demand justice in Israel and Palestine – in Cape Town, Washington, D.C., New York, New Delhi, London, Dublin and Sydney, and all the other cities – this was arguably the largest active outcry by citizens around a single cause ever in the history of the world. Continue reading »

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Aug 22

- Argentina Peso Collapses At Fastest Pace In 8 Months, Hits Record Low (ZeroHedge, Aug 21, 2014):

Since President Kirchner unleashed her ‘cramdown’ plan for Argentinian debt, the Peso has collapsed at the fastest pace since January’s devaluation. The ‘official’ Peso prices has collapsed 1.3% in the last 2 day to 8.39 per USD – and Argentina’s debt yields have surged (prices tumbled) but the black-market Blue-Dolar price has exploded to an all-time low at 13.8 per USD, implying massive devaluation is coming.

The official Peso rate just hit record lows and is accelerating rapidly…

 

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Aug 22

- Argentina Stuns Bondholders With Scorched-Earth “Cramdown” Plan (ZeroHedge, Aug 20, 2014):

With the impasse over the latest Argentina default going nowhere fast, late last night president Kirchner stunned its creditors when she announced what amounts to a cramdown plan for holdouts, in which all bonds would be stripped of their existing indentures and converted to local law bonds. Or, as some would call it, a “scorched earth” transaction that burns all bridges, and goodwill, with the international creditor community and likely leaves Argentina unable to access global capital markets for the foreseeable future.

As part of its transaction Argentina would bypass the order issued by Judge Griesa halting payments to all creditors, not just the holdouts, and resume normalcy for the 90%+ of restructured bondholders while leaving Elliott, Aurelius and the like with little to no recourse aside from holding on to claims which would be two swaps behind, and with essentially no legal standing as it would completely bypass the Bank of New York (whom it would remove as trustee) custodian payment process and allow Argentina to make payments directly to those creditors it sees fit. Continue reading »

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Aug 22

Federal-Reserve-Bernanke1

- The Italian Job: How Borrowing And Printing Lead To An Economic Dead End (David Stockman’s Contra Corner, Aug 21, 2014):

Earlier this week Bloomberg published a devastating chart showing real hourly wage growth for the first 60 months of every cycle going back to 1949.  The 11 cycle average gain was 9% and the largest was 19% a half century back.

Fast forward to the 60 months of ZIRP and QE since the Great Recession officially ended in June 2009, however, and you get a drastically different picture: Real hourly wages have risen by just 0.5%, and in the great scheme of things that’s a rounding error.

wage growth bbg

Surely the above chart is also flat-out proof that massive money printing doesn’t work. After all, reflating wages, jobs and incomes is what the monetary politburo claims it’s all about. Indeed, the Fed has insouciantly cast a blind eye to the massive bubbles building everywhere in the financial system, and has kept money market rates relentlessly at zero for six years running on the grounds that it is not yet done “stimulating” the labor market.

So why does this abysmally failed and dangerous experiment continue unabated—as Yellen will undoubtedly confirm at Jackson Hole?  Self-evidently, it is irresistibly convenient to both Wall Street and Washington. The former gorges on a massive diet of carry trade gambling windfalls thanks to ZIRP and the Greenspan/Bernanke/Yellen “put”; and the latter gets a fiscal get-out-of-jail-free card owing to the Fed’s massive repression of interest rates. Indeed, with the public debt now topping $17.7 trillion, the implicit (and fraudulent) debt service relief from current ultra-low interest rates amounts to upwards of $500 billion per year. Continue reading »

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Aug 22

- Russia Approves Bill to Increase Fines for GMO Labeling Violations (Sustainable Pulse, Aug 19, 2014):

The Russian government’s legislative commission has approved a bill toughening penalties for GMO (genetically modified organism) labeling violations, RIA Novosti reported Tuesday.

Source: rapsinews.com

The bill which was submitted by the Federal Service for Supervision of Consumer Protection and Welfare (Rospotrebnadzor) imposes fines for vague or unclear labeling food products containing genetically modified ingredients.

According to the bill, individual entrepreneurs could be fined up to 50,000 rubles ($1,300), and the products confiscated. Business entities face a fine of up to 150,000 rubles (over $4,000). Continue reading »

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Aug 22

- St.Louis PD Release ‘Suicide-By-Cop’ Shooting Clip (ZeroHedge, Aug 20, 2014):

As we noted previously, just days after the fatal shooting of Mike Brown in Ferguson, a 2nd officer-involved shooting ended in death for the suspect just miles from Ferguson. St.Louis Police Department – in the interests of transparency -  have released video of both the alleged shoplifting and the so-called ‘suicide-by-cop’ shooting itself of 25-year-old Kajieme Powell..”Powell approached the officers when they arrived, yelling at them to shoot him already. When he ignored commands to drop the knife, the two officers fired a total of 12 shots.Continue reading »

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Aug 22

- Half Of All Americans Live With Someone Dependent On Government Benefits (ZeroHedge, Aug 20, 2014):

More Americans than ever before are tapping government benefits. As WSJ reports,nearly half of Americans, 49.5%, lived in a household where at least one person was receiving some type of government benefit. Over the last few years, the number has mostly risen from more people turning to programs designed to help the poor, such as food stamps, Medicaid (the health-insurance program for the poor and disabled) and the Temporary Assistance for Needy Families program, commonly known as welfare. Welcome to Cloward-Piven’s socialist America… or as some might say “Mission Accomplished.”

Half Of All Americans Live With Someone Dependent On Government Benefits

Source: WSJ

As we discussed previously, this may not be entirely by accident… Continue reading »

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Aug 22

- Israel Faces its Own Evil (Gilad Atzmon, Aug 19, 2014):

Earlier today, just a few hours before the ceasefire collapsed, sources in Jerusalem have disclosed that Israel and the US have agreed to gradually lift the blockade of the Gaza Strip, starting with the land crossings and eventually opening up sea traffic. Hamas, so it seemed, has achieved all of its objectives in the latest round of violence.  With sparse resources, limited fire power and obsolete ballistic technology, Hamas managed to bring Israel to its knees.

Plainly, the war was unwinnable for the IDF. Israel invaded the Gaza strip without establishing its own military objectives. The Israeli Government sent its soldiers into the streets of Gaza without understanding its own military, political or diplomatic aims. Both the IDF and the Israeli government were attempting to appease Israeli popular demand for revenge. The Israeli people felt humiliated by the Palestinian rockets. These largely harmless homemade rockets interfered with Israeli escapist philosophy. The rockets’ flare reminded Israelis that there are another people who claim the land, and this people, the Palestinians, are named after the land. Once again polls confirmed that Israelis were bloodthirsty, they wanted to wipe out the Palestinians for good, and the populist Netanyahu government rushed to deliver.

But here is a little surprise; Haaretz reported today that Netanyahu tried to hide the Egyptian cease-fire proposal from his cabinet. His deceit came about because Netanyahu understood that the Egyptian draft represented a total defeat for the Israelis.  Israel could have lifted the blockade on Gaza and let the Palestinians have a seaport and an airfield without dragging the region into another war. Netanyahu could have ‘freed’ the Gazans without perpetrating another set of colossal crimes against humanity. Continue reading »

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Aug 22

Be afraid, be very afraid!

BS-Meter1

- Americans brace for new wave of Islamic State terror (The Washington Times, Aug 21, 2014)

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Aug 22

- Alleged Illegal GM Rice Trial on Chinese Students Leads to Leukemia Boom (Sustainable Pulse, Aug 14, 2014):

According to reports from Huazhong Agricultural University in China, an alleged illegal GM rice trial on the University students has led to an incidence rate of acute leukemia of up to three times the normal rate in China.

Source: blog.sina.com.cn By Chen I-wan

Students of the Huazhong Agricultural University  have revealed that “over 10 students suffered from leukemia within a 4 year period.” They listed the names of at least 7 cases. Continue reading »

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Aug 22

- Big Banks “Bought” Congress … So Credit Derivatives Are Bigger than Ever (Washington’s Blog, Aug 21, 2014):

The Causes of the 2008 Crisis Have Never Been Addressed

We’ve noted for years that Washington never reined in the risky derivatives which helped cause the 2008 crash … and so the big banks hold more derivatives than ever.

We’ve also noted that the financial services industry has bought and sold Congress.

Indeed, Washington never fixed the causes of the 2008 financial crisis.

Yesterday, Janet Tavakoli gave a good overview of the problem to CBC: Continue reading »

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Aug 22

AR-15 rifle

- School police cleared to carry AR-15s in Compton, California (RT, Aug 20, 2014):

Citing the national school shooting epidemic and potential acts of terrorism, the Compton, California school board has approved a policy allowing select campus police officers to carry semi-automatic AR-15 rifles in their patrol cars while on duty.

The school board approved a policy in July that will allow certain school district officers to buy these rifles and hold them in their cars should a mass shooting or terror attack occur, according to KPCC. The school district will train the chosen officers, who will then carry the firearms in their cars starting next month. Continue reading »

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Aug 21

The International Space Station
GROWING THINGS: The International Space Station.

- Sea plankton found outside International Space Station (Stuff, Aug 20, 2014):

It’s not quite extraterrestrial life, but scientists have discovered sea plankton growing in space.

Russian space officials have confirmed traces of plankton and other micro-organisms were found living on the exterior of the International Space Station (ISS), and it appears they’ve been living there for years. Continue reading »

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Aug 21

- It’s Official: “We Are All Terrorists Now” (ZeroHedge, Aug 20, 2014):

On the heels of the gruesome and disgraceful ISIS clip of the beheading of American journalist James Foley, The UK’s Scotland Yard, according to The Guardian, warned the public that viewing, downloading or disseminating the video within the UK might constitute a criminal offence under terrorism legislation. In other words – ‘if you watch terrorism, you’re also a terrorist’. Continue reading »

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Aug 21

- Car Repos Soar 70% As Auto Subprime Bubble Pops; “It’s Contained” Promises Fed (ZeroHedge, Aug 20, 2014):

The auto loan subprime bubble may be the latest to burst (after student loans) as the rate of car repossessions jumped 70.2 percent in the second quarter, with much of that increase coming from finance companies not run by automakers, banks or credit unions. “The number of delinquencies and repossessions rising is what we would expect as the auto industry sells more vehicles,” “But this slight uptick is one to keep an eye on.” The surge in delinquencies and repossessions is being driven primarily by borrowers with subprime and deep subprime credit scores.

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Aug 21

Everyone who is not us is the enemy and should be branded as infidel. This seems to be the prevailing ideology of the extreme Takfiri terrorists known as the Islamic State of Iraq and the Levant (ISIL). Their aim is said to be the establishment of an Islamic Caliphate. Shias, Christians, Sunnis, Yazidies, and whomsoever who dares to question them or raise his voice of dissent are persecuted under their highly distorted version of Islamic Sharia. Gruesome beheadings, crucifixions and mass executions are openly carried out under their iconic black flag which is more like a modern day equivalent of a Jolly Roger. At times, it seems like their victims are whoever who is unlucky enough to be in their path during their killing sprees. And yet they know how to manipulate social media and have succeeded in brainwashing some to join them in their “fight for justice”.

To learn who these people are, what they are fighting for, and who funds them, PRESS TV goes deep into their camps and brings you face to face interviews and exclusive footage. Many of those who were initially infatuated by the group’s promise of justice seem to be horrified and utterly disillusioned today.

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Aug 21

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