Anytime Ron Paul sits across from Ben Bernanke you know sparks will fly. Sure enough, they did: starting 3 mins 50 seconds into the clip below, Ron Paul, guns blazing, asks the Chairman if he does his own shopping, if he is aware of what true inflation is, and if he knows that Americans don’t trust the government because they are being lied to about inflation. And it only gets better, once Paul starts brandishing a silver coin. The punchline: “The Fed will self-destruct anyway when the money is gone” – amen. And ironically letting the Fed keep on doing what it is doing will achieve that in the fastest possible way. In fact, letting the system cannibalize itself with no further hindrances may be the best option currently available – just go to town.
This will be one of those “one picture is worth a thousand words” posts.
A quick preface:
During Congressional testimony, Ben Bernanke defended the Fed’s FX swap lines by saying that the ECB was “well-capitalized.” So instead of spending countless words explaining why that may not be quite so, we will merely show the bank’s total assets (net of LTRO 2) and its capital and reserves (link). The adjusted balance sheet is pro forma for today’s LTRO 2, which we noted earlier will add at least €311 billion in net assets to the ECB’s balance sheet, and potentially much more. Assuming the minimum, it means the ECB’s balance sheet will now hit €3 trillion. The capital backing these assets is €82 billion across the entire Eurosystem. In other words, the ECB’s leverage is 36.6x. This according to Ben Bernanke is “well-capitalized.”
Ireland has shocked Europe with plans for a referendum on the EU’s fiscal treaty, a move that risks an unprecedented fragmentation of the eurozone and a major clash with Germany.
Premier Enda Kenny said Dublin was acting on legal advice from Ireland’s attorney-general that “on balance” the fiscal compact requires a vote under the country’s constitution. “It gives the Irish people the opportunity to reaffirm Ireland’s commitment to membership of the euro,” he told ashen-faced members of the Dail.
All three major parties back the treaty but analysts say there is a high risk of rejection by angry voters in the current fractious mood. The compact gives the EU intrusive powers to police the budgets of debtor states, and has been denounced as feudal bondage by Sinn Fein and Ireland’s vociferous eurosceptics. The Irish voted “No” to both the Nice and Lisbon treaties before being made to vote again. Dublin has ruled out a second vote this time.
Fans of Republican presidential candidate Ron Paul will rejoice upon hearing the following news: Congressman Paul (R-TX) has defeated President Barack Obama in a Rasmussen Reports daily presidential tracking poll of general election voters released Monday. This is the first time that Mr. Paul has bested Mr. Obama in a Rasmussen Reports poll. Mr. Paul garnered 43 percent of the votes among general election voters and Mr. Obama pulled 41 percent of the votes.
“The CIA owns everyone of any significance in the major media.” – William Colby, former CIA director
“We’ll know our disinformation program is complete when everything the American public believes is false.” – William Casey, CIA Director (from first staff meeting, 1981)
“Deception is a state of mind and the mind of the State.” – James Angleton, head of CIA counter intelligence from 1954-1974
“I never would have agreed to the formulation of the Central Intelligence Agency back in forty-seven, if I had known it would become the American Gestapo.” – Harry S. Truman
“The individual is handicapped by coming face-to-face with a conspiracy so monstrous he cannot believe it exists.” – J. Edgar Hoover, ex-FBI director on the New World Order conspiracy
“If the American people knew what we have done, they would string us up from the lamp posts.” – George H. W. Bush
” I will splinter the CIA into a thousand pieces and scatter it into the winds.” – John F. Kennedy
“Fifty men have run America, and that’s a high figure.” – Joseph Kennedy, father of JFK, in the July 26th, l936 issue of The New York Times
“There is no such thing, at this date of the world’s history, in America, as an independent press. You know it and I know it. There is not one of you who dares to write your honest opinions, and if you did, you know beforehand that it would never appear in print. I am paid weekly for keeping my honest opinion out of the paper I am connected with. Others of you are paid similar weekly salaries for similar things, and any of you who would be so foolish as to write honest opinions would be out on the streets looking for another job. If I allowed my honest opinions to appear in one issue of my paper, before twenty-four hours my occupation would be gone. The business of the journalists is to destroy the truth; to lie outright; to pervert; to vilify; to fawn at the feet of mammon, and to sell his country and his race for his daily bread. You know it and I know it, and what folly is this toasting an independent press? We are the tools and vassals of rich men behind the scenes. We are the jumping jacks, they pull the strings and we dance. Our talents, our possibilities, and our lives are all the property of other men. We are intellectual prostitutes.” – John Swinton, former New York Times Chief of Staff
An archived clip of different Congressional hearings exposes the fact that the CIA directly plants stories in the media, both in the United States and the rest of the world.
Question: Do you have any people being paid by the CIA who are contributing to a major circulation journal?
Answer: We do have people who submit pieces to American journals.
Question: Do you have any people paid by the CIA who are working for television networks?
Answer: This I think gets into the details id like to get into in executive session. (so the public doesn’t hear how we control all the networks)
Considering that this was going on in the 1950s, it is highly likely that this is happening now and at a much larger extent. The CIA and other government agencies literally control the corporate controlled media.
Anytime you hear a story on the major networks that has any implication in US foreign or domestic policy rest assured that it was, at the very least, vetted by the CIA before being released.
In the early 90s CNN was also used to test Army psychological operations.
STOCKHOLM — Chick peas, fava beans and other seeds from a facility in Syria are among the 25,000 new samples being deposited this week in an Arctic seed vault built to protect food crops from wars and natural disasters, officials said Tuesday.
The latest additions mean that the Svalbard Global Seed Vault — a master backup to the world’s other seed banks — has now secured more than 740,000 samples since it opened in a remote Norwegian archipelago in 2008.
That represents an estimated three-quarters of the biological diversity of the world’s major food crops, said Cary Fowler, executive director of the Global Crop Diversity Trust, which maintains the vault with Norway’s government and the Nordic Genetic Resources Center.
With the shipment from the Syria-based International Center for Agricultural Research in the Dry Areas, almost its entire collection is now backed up in Svalbard, Fowler told The Associated Press.
“I think the events unfolding in Syria obviously underline the importance of having safety duplication outside of a country,” he said, adding the facility had not been damaged in the military crackdown on an anti-government uprising.
He noted that wars destroyed seed banks in Iraq and Afghanistan. Another one in Egypt was looted during last year’s uprising.
The Svalbard Global Seed Vault — sometimes referred to as a doomsday vault — is designed to withstand global warming, earthquakes and even nuclear strikes.
except for a few districts where rice with high level of radioactive cesium exceeding 500 becquerels/kg was found in last year’s testing.
Well why not? The government didn’t stop farmers in Fukushima from planting rice last year, right after three explosions (possibly 4, counting Reactor 2′s Suppression Chamber) at Fukushima I Nuclear Power Plant released 650,000 terabecquerels (iodine equivalent) of radioactive materials. They apparently told some reluctant farmers if they didn’t grow rice they wouldn’t be compensated. So the farmers in Fukushima tilled the land, mixed up the contaminated soil and poured water in the rice paddies and grew rice. If they could do it last year, surely they can do it this year, and next year, and year after next year.
Farmers in the areas where rice with radioactive cesium between 100 becquerels/kg and 500 becquerels/kg was found last year will be allowed to grow rice this year, even though the new safety limit for radioactive cesium in food will be 100 becquerels/kg starting April 1, 2012.
One of the issues that AP focuses in the article below is whether TEPCO did want to abandon the plant on March 15. The private RJIF commission sides with the Kan administration that TEPCO did, and only PM Kan’s strong word persuaded TEPCO to keep a small number of workers to continue to work on the plant.