- As Fed Pauses Printing, Total World Debt Tops $100 Trillion (ZeroHedge, Oct 29, 2014):
If, as Lacy Hunt explains “debt is an increase in current spending in lieu of future spending,” then we have some ‘un-spending’ to do…
- As Fed Pauses Printing, Total World Debt Tops $100 Trillion (ZeroHedge, Oct 29, 2014):
If, as Lacy Hunt explains “debt is an increase in current spending in lieu of future spending,” then we have some ‘un-spending’ to do…
- Good Riddance To QE—-It Was Just Plain Financial Fraud (David Stockman’s Contra Corner, Oct 29, 2014):
QE has finally come to an end, but public comprehension of the immense fraud it embodied has not even started. In round terms, this official counterfeiting spree amounted to $3.5 trillion— reflecting the difference between the Fed’s approximate $900 billion balance sheet when its “extraordinary policies” incepted at the time of the Lehman crisis and its $4.4 trillion of footings today. That’s a lot of something for nothing. It’s a grotesque amount of fraud.
The scam embedded in this monumental balance sheet expansion involved nothing so arcane as the circuitous manner by which new central bank reserves supplied to the banking system impact the private credit creation process. As is now evident, new credits issued by the Fed can result in the expansion of private credit to the extent that the money multiplier is operating or simply generate excess reserves which cycle back to the New York Fed if, as in the present instance, it is not. Continue reading »
- Oil Residue The Size Of Rhode Island Covers Gulf Of Mexico Seafloor In Macondo Well Disaster Aftermath (ZeroHedge, Oct 29, 2014):
Ever since the April 2010 disaster on the BP-operated Macondo well in the Gulf of Mexico, there was one big outstanding question: where did the bulk of the oil gol? Now, thanks to a research team led by David Valentine, a microbial geochemist at the University of California, Santa Barbara, sampled more than 534 locations near the spill site, gathering more than 3,000 individual samples, we know the answer: the oil spill – some 10 million gallons of coagulated oil – left an oily “bathub ring” on the sea floor of the Gulf of Mexico, about 25 miles from the well, that’s about the size of Rhode Island.
The researchers found an area of 1,250 square miles (3,237 square km), mostly southwest of the Macondo well, where a thin sheen of oil rests in patches on the top half-inch of the seafloor, according to the NSF. Continue reading »
- Gundersen: Mutations in plants being reported after chronic Fukushima exposure — Professor: Mutant flowers found in Fukushima — Biologist: “Gigantic leaves, seeds very big” after nuclear disaster (VIDEO) (ENENews, Oct 29, 2014):
Nuclear expert Arnie Gundersen of Fairewinds Energy Education on Radio Ecoshock, Oct 27, 2014 (11:30 in): We work with a woman… an organic gardener. Every year, she’s taken the seeds from her garden, planted, then harvested seeds from those plants to be the next year’s crop. So she’s got 4 years now of seeds that have been growing about 30 miles (~50 km) from Fukushima. She’s beginning to experience gargantuanism in her food now, which is an indication of radiation damage. It’s one of the many DNA changes that occur after a couple of generations. So we know that gardeners and plants that are outside the exclusion zone are seeing the effects of chronic levels of radiation that the Japanese would choose to ignore. Continue reading »
- “Truly Frightening”: Doctors being threatened for linking illnesses to Fukushima — Strange tumors, kids dying, pets dying — Much higher incidences of whole range of health problems reported — Experts: 1,000,000 cancers, plus many other ailments poss (ENENews, Oct 28, 2014):
Arnie Gundersen of Fairewinds Energy Education on Radio Ecoshock, released Oct 29, 2014:
- Alex Smith, host of RadioEcoshock (at 10:30 in): We’ve heard almost nothing about the impacts [of the Fukushima catastrophe] on people in that region. There are accounts coming out of there of strange tumors, kids dying, pets dying — what have you heard? Can we ever expect an honest accounting from Japanese authorities?
- Arnie Gundersen, nuclear engineer (emphasis added): That’s a pretty good summary, frankly. We continue to get information from people who live there about cancer rates — and illnesses in general, not just cancer. We think of radiation as a cancer causing thing, but it also causes many other ailments. Much higher incidences of a whole range of illnesses than they had in 2010, the year before the accident… We’re also working with doctors in Japan, and some brave doctors are saying that they’ve been threatened — that their hospital rights have been threatened — if you tell your patient this illness is radiation related you’ll lose your right to practice and things like that. So there’s enormous pressure on the medical community to tell the patients that what they’re experiencing is not at all related to radiation. The key is statistics, and the question is when will the statistics be released for mortality, morbidity, and general illnesses… We’re not seeing the data. The medical community now has to file every report that it writes with the IAEA, the International Atomic Energy Agency, before it’s issued. So if you’re a hospital, and you’ve got mortality data, you’re not allowed to issue that to the public until those reports have been cleared by the IAEA. Well, Article II of the IAEA charter is to promote nuclear power. So even if the hospital was conscientious — there’s a lot of political pressure not to be — but even if it was conscientious, there’s another step in the process, and they’ve got to clear an IAEA hurdle before those numbers are released. It’s truly frightening, the pressure the medical community is undergoing in Japan. Very few of them are willing to tell the truth. Continue reading »
- Weather Channel Co-Founder: Efforts to Prove Global Warming Have ‘Failed’ (Truth Revolt, Oct 22, 2014):
“Efforts to prove the theory that carbon dioxide is a significant greenhouse gas and pollutant causing significant warming or weather effects have failed.”
The co-founder of the Weather Channel and climate expert John Coleman recently wrote an open letter directly attacking the Intergovernmental Panel on Climate Change, arguing that attempts to prove man-made climate change “have failed” and that political agendas rather than science are now driving the “scientific” conversation.
- FOMC Ends The QE Dream, Keeps “Considerable” Period Hopes Alive – Full Statement Redline (ZeroHedge, Oct 29, 2014):
“Steady as she goes” was expected… having kept the “considerable time” dream alive last month, the FOMC ended QE3 on schedule but remained ‘data-dependent’ on reviving it… (even as Kocherlakota dissented)
- *FED ENDS THIRD ROUND OF QUANTITATIVE EASING AS PLANNED
- *FED SEES `SOLID JOB GAINS’ WITH LOWER UNEMPLOYMENT
- *FED REPEATS RATES TO STAY LOW FOR `CONSIDERABLE TIME’
And so now the “flow” has stopped; given that “bond buying” did not work, we are reminded of Alan Greenspan’s warning that “I don’t think it’s possible” for the Fed to end its easy-money policies in a trouble-free manner. Full redline below.
Nov 25, 2011
Conspiracy Con 2002, Marriott Hotel Santa Clara CA, May 26, 2002
Tags: 9/11, Adolf Hitler, Banking, Bush administration, Dick Cheney, Economy, EU, Europe, Fed, Federal Reserve, George Bush, Germany, Global News, Government, Henry Kissinger, Israel, Joseph Stalin, Nazi Germany, Nazis, Politics, Rockefeller, Rothschild, Society, Terrorism, U.K., U.S.
Yet they sell us inorganic calcium supplements as if it would be the same as organic calcium.
- Distilled Water Enhances Mineral Absorption (Hammer Nutrition):
From 1996 until his retirement in 2006, Dr. Bill worked full-time as Director of Research & Development at Hammer Nutrition. Among his many accomplishments, both academically and athletically, he is an AAMA Board Certified Alternative Medicine Practitioner and the author of “What Should I Eat? A Food-Endowed Prescription For Well Being”.
DOES DISTILLED WATER LEACH MINERALS FROM OUR BODIES?
Absolutely, not…in fact just the opposite has been found to occur in cellular research studies. It is a mistaken belief that drinking pure distilled water reduces valuable minerals from living human tissues.
ORGANIC MINERALS VS. INORGANIC MINERALS Continue reading »
- Total War over the Petrodollar (Casey Research, Oct 27, 2014):
The conspiracy theories surrounding the death of Total SA’s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France’s largest oil company.
He’d just attended a private meeting with Russian Prime Minister Medvedev, at a time when the West’s relationship with Russia is fraught, to say the least.
One has better odds of being struck by lightning at an airport then a snow plow, or any other ground support vehicles hitting a plane and killing all inside the plane, in my opinion. And I say that as someone who’s familiar with airports, having worked at Vancouver International Airport when I was in university; I was the one who would bring the plane into its parking bay. Continue reading »
- The Many Ways the State Taxes the Poor (Ludwig Mises Institute, Oct 27, 2014):
Most defenders of the state assume that government services help the poor. And, sometimes, some poor people do benefit financially from government programs. But there’s a hidden cost: taxation and mandatory programs (Social Security, for instance) that hurt the needy by restricting their choices. Government taxes away income that low-income households could invest in improving their lives. At the same time, state-sponsored benefits create incentives that keep the poor trapped in poverty.
Many assume that government barely taxes the poor, but the reality is otherwise. The poorest fifth of Americans pay 16 percent of their incomes in taxes (including federal, state, and local). One in six dollars they earn goes straight to the government. For a family living at the margin, those taxes can be the difference between food on the table and hungry children. Continue reading »
- According To Russell Napier Which World Has No Volume, No Volatility And Rising Prices? The USSR (ZeroHedge, Oct 29, 2014):
Great Expectations, Pregnant Pandas and Last Wednesday’s Treasury Market
“I must be taken as I have been made. The success is not mine, the failure is not mine, but the two together make me.”
– Estella, Great Expectations
What sort of financial world is a world with no volumes, no volatility and steadily rising prices? The only historical example is perhaps the Soviet Union. When the marginal buyer of any product is the state, or its handmaiden the central bank, then simply nothing happens until the state comes out to play. Continue reading »
About 18 months ago, I had a very pleasant chat with a gentleman by the name of Luzi Stamm.
You may detect some measure of surprise in my words, and the reason for that is quite simple: Luzi Stamm is a politician; and, as regular readers will know, I am no fan of that particular class.
But Herr Stamm was different.
An MP representing the Swiss People’s Party, Stamm was spearheading a federal popular initiative which needed 100,000 signatures in order to comply with the Swiss parliamentary system’s rigid framework regarding referendums. (OK all you “referenda” people out there, I know, OK? But I’m going with “referendums,” so pipe down). Continue reading »
- A NEW ISRAELI PIN-UP CALENDAR TO DIE FOR ~~ LITERALLY (Desert Peace, Oct 28, 2014)
- ‘Russian distress call’ prompting Swedish sub hunt never existed – sigint source (RT, Oct 28, 2014)
There was no Russian distress call. That’s the opinion of a Swedish signal intelligence (SIGINT) source after a massive $2.8mn military and media sub-hunt consumed the country for a week.
Reports of a Russian distress signal and a grainy-picture were enough to deploy the navy while the media widely concluded the vessel had to be a Russian submarine spooking Stockholm.
The proof of this was an alleged comms intercept, at distress call frequency, between the supposed sub and Kaliningrad base.
At least 25 FEMEN activists were arrested in Paris on Sunday after rallying topless in front of the Palace of Justice in protest against the sentence given to fellow activist Iana Zhdanova for “exhibitionism” on October 15. The activists included FEMEN’s Inna Schevchenko, who joined in chanting slogans such as “Feminist not exhibitionist” and “Not criminals” while holding signs reading “Naked and free” and “My body, my manifesto.” Zhdanova was given a fine of 1,500 euros ($1,897) by the Parisian court for destroying Russian President Vladimir Putin’s wax statue at the Grevin museum in June.
H/t reader I. G.
Tags: Global News
- Exclusive: Lockheed, Pentagon reach $4 billion deal for more F-35 jets (Reuters, Oct 28, 2014):
Lockheed Martin Corp and U.S. defense officials have reached agreement on the terms of a contract worth about $4 billion for an eighth batch of 43 F-35 fighter jets, sources familiar with the deal said on Thursday.
The contract will lower the cost of the radar-evading warplane by about 3 percent and includes jets to be built for the U.S. military, Britain and other U.S. allies, according to the sources, who were not authorized to speak publicly.
The cost of the U.S. Air Force model of the plane, which accounts for 27 of the 43 aircraft, will go down by nearly 4 percent, said one of the sources. Continue reading »
- CDC Says Ebola Droplets Can Only Travel 3 Feet … But MIT Research Shows Sneezes Can Travel Up to 20 Feet (Washington’s Blog, Oct 28, 2014):
Checking the CDC’s Math
This week, the Centers for Disease Control (CDC) admitted that Ebola can travel through the air in aerosols, but claims that it can never go more than 3 feet.
Let’s check their math …
But the CDC itself admits that flu droplets can travel 6 feet.
Mythbusters demonstrated that sneezes can nail people some 17 feet away:
How? Continue reading »
- Fireworks Fly As Peter Schiff Warns “An Economy That Lives By QE, Dies By QE” (ZeroHedge, Oct 28, 2014):
Ahead of tomorrow’s decision by the FOMC, Peter Schiff ventured on to CNBC to discuss the economy, the fed, and gold… among other things. Schiff rightly fears that while the Fed may well stop QE3 tomorrow, QE4 will not be too long behind it as he notes, rather eloquently, that “an economy that lives by QE, will die by QE” as the Fed’s total lack of willingness to allow stocks to fall (see Bullard 2 weeks ago) or a ‘cleansing’ recession leaves the nation’s economy in far worse shape than it was before the Fed’s intervention. Schiff calmly replies to the anchor’s questions (as she proclaims “I am not on the side of the Fed but…”), gently explains his view on gold when challenged about his ‘wrongness’, but when a guest starts hounding him for being dangerous to CNBC viewers wealth… Schiff (rightly) loses it – must watch!
A well reasoned discussion of the Fed’s manipulation of markets and mal-investment hangovers is well worth the price of admission… but at around 6:35 when Scott Nations unleashes his tirade on Schiff, the fireworks start to fly… and Schiff (while being shouted over) reminds guests, anchors, and viewers alike “Go to YouTube, I am wrong a lot less often than most people on this program… and all you do is hassle me” that he was among the very few appearing on CNBC before the crash who foresaw it and the cataclysmic shift that has occurred (no matter what the perception of short-term memory traders)…“Think of all the bulls you paraded out here when Nasdaq was 5,000″
Absolute must watch…
We can’t help but feel the timing of this tirade against Schiff is spookily prophetic and will be in its own YouTube class in a few years…
- Historic Short Squeeze, Biggest In 3 Years, Sends Small-Caps Soaring; Dow Tops 17,000 (ZeroHedge, Oct 28, 2014):
n a strangely familiar case of deja vu all over again, stocks surged (alone in the cross-asset class world of economic reality) on the day before an FOMC statement. The Russell 2000 has had its best 10-day run in 3 years, best day of the year, and managed to scramble back to its 100- & 200-day moving-average. Dow 17,000 was another key technical level that was achieved. S&P 500 was levitated on volume around 40% below average into the green for October. VIX was banged under 15 and tracked stocks. Away from the equity-vol complex, asset-classes were unimpressed – HY credit, bonds, JPY, and the USD all diverged from stocks. USD weakened slightly, and commodities all gained on the day. TSY yields were up 2-3bps and HY closed practically unchanged. “Most shorted” stocks rose almost 3% – the biggest squeeze since Dec 2011 – smashing the Russell 2000 higher.
- More “War on Terror” Abuses – Spying Powers Are Used for Terrorism Only 0.5% of the Time (Liberty Blitzkrieg, Oct 28, 2014):
The Patriot Act continues to wreak its havoc on civil liberties. Section 213 was included in the Patriot Act over the protests of privacy advocates and granted law enforcement the power to conduct a search while delaying notice to the suspect of the search. Known as a “sneak and peek” warrant, law enforcement was adamant Section 213 was needed to protect against terrorism. But the latest government report detailing the numbers of “sneak and peek” warrants reveals that out of a total of over 11,000 sneak and peek requests, only 51 were used for terrorism. Yet again, terrorism concerns appear to be trampling our civil liberties.
– From the EFF’s excellent piece: Government Authority Intended for Terrorism is Used for Other Purposes
The last week or so has provided several examples of how Western governments aren’t using their increased spy powers for terrorism at all, but rather, are abusing them in almost every other manner imaginable. From tax collection and raiding manufacturers of female undergarments, to confiscating counterfeit goods.
While powerful, all of that is just anecdotal evidence. What we really need to see are some hard numbers to prove that the “war on terror” is a gigantic fraud simply used to strip citizens’ of their civil liberties. Well, thanks to the Electronic Frontier Foundation (EFF), we now have such numbers.
Read it and weep serfs: Continue reading »
- This Has Never Happened Before Without A Massive Bubble Bursting (ZeroHedge, Oct 28, 2014):
Back in June we first observed that “America’s Most Important Housing Market Signals A Red Alert For Housing Bubble Watchers” and showed the following chart:
When it comes to trusting the Obama Administration and, increasingly, the Centers for Disease Control and Prevention, no one is making it harder for Americans to do so than the White House and the bumbling gaggle of bureaucrats and political hacks that it employs.
For weeks now, the CDC chief, Dr. Thomas Frieden, has said that Ebola cannot be spread through casual contact — even as he also stated that persons suspected of being infected should avoid public transportation. President Obama has made similar statements.
Continue reading »
- Saudi Arabia Sentences 3 Lawyers to Jail for Tweets (Liberty Blitzkrieg, Oct 27, 2014):
Saudi Arabia’s fear of the viral free-speech platform Twitter has been well documented as of late. I first highlighted it last year in the post, Saudi Religious Police Chief Goes on the Attack…Against Twitter, in which I noted:
You know something isn’t right in your country when you have a “religious police force.” You know something is really, really not right in your country when the head of that religious police force starts condemning twitter and saying its users will go to hell as a consequence. Talk about pathetic. Just more strange and panicked behavior from the Saudi government. From the BBC:
The head of Saudi Arabia’s religious police has warned citizens against using Twitter, which is rising in popularity among Saudis. Continue reading »
- FBI Raids Federal Contractor’s Home – Has the Government Identified the “Second Leaker”? (Liberty Blitzkrieg, Oct 27, 2014):
Anyone who has been following Edward Snowden’s heroic whistleblowing, and the reporting of Glenn Greenwald on the classified documents that prove egregious violations of the United States Constitution by the NSA, will also be aware of speculation that a “second leaker” had emerged earlier this year. It appears this person may have been identified by the FBI.
Yahoo News’ Michael Isikoff reports that:
The FBI has identified an employee of a federal contracting firm suspected of being the so-called “second leaker” who turned over sensitive documents about the U.S. government’s terrorist watch list to a journalist closely associated with ex-NSA contractor Edward Snowden, according to law enforcement and intelligence sources who have been briefed on the case. Continue reading »
Christmas is approaching and those bonuses are getting bigger that way.
- The Buyback Of Things: IBM To Repurchase Another $5 Billion In Stock In Next Two Quarters (ZeroHedge, Oct 28, 2014):
When all else fails, and there is no growth, what you gonna call? Buybackbusters!
A week after IBM reported atrocious earnings, due to a variety of issues but most of all because it simply repurchased the least amount of stock in the past quarter in years (as it was approaching the limit of its buyback authorization), Big Blue is back to doing the one thing it does well: the buyback of things, in this case revealing its board has just authorized $5 billion in stock buybacks through April 2015 which means that with the $1.4 billion still under authorization, IBM is set to purchase about $3.2 billion in Q4 2014 and Q1 2015, each. And then, in April 2015, IBM will ask for an even bigger stock buyback authorization from its board. Which, clearly, the board – whose IBM stock will promptly rise as a result – will grant.
Just released by IBM: Continue reading »
… which is why Barry Trower has no computer & internet:
- Former CBS Reporter Accuses Government of Secretly Planting Classified Docs on Her Computer (Liberty Blitzkrieg, Oct 27, 2014):
Attkisson speculated on how the Nixon controversy would have been handled in a world filled with today’s television and social media obsessions.
“Nixon would basically refuse to turn over tapes to Congress, his aides would refuse to testify to Congress or would take the Fifth or would lie to Congress with fair amount of impunity,” she said. “Woodward and Bernstein would be controversialized on social media by special and political interests. … Then at the end Nixon would go on a popular late-night comedy show, during which time he would humorously refer to his attackers as people who were political witch-hunters who believed in Area 51-type conspiracy theories.”
– From the Huffington Post article: Sharyl Attkisson Says Journalists Have ‘Gone Backwards’ Since Watergate Scandal
In case you forgot, Sharyl Attkisson is the former CBS News reporter who resigned from the network in March after expressing frustration that her stories covering the Obama Administration’s role in the Benghazi and Fast and Furious scandals were being spiked due to a desire to protect the President.
- China “Ghost Town Index” – Here Are China’s 10 “Ghastliest” Cities (ZeroHedge, Oct 28, 2014):
Who can forget China’s ghost city of Ordos: back in late 2009, when the hollow shell behind China’s torrid growth was first revealed to the world, the city near China’s Mongolia border was cooler talk for weeks. Fast forward five years later, and Ordos is all but forgotten, having been eclipsed by a veritable army of much bigger “ghosts” that make up the “ghost town network” – a list of cities created by the China Investment Network, a business newspaper in Beijing, to determine which cities were the most ghostly. Below we present the 10 biggest ones.
- To Protect and Perve – California Cops Share Nude Photos Stolen from Citizens’ Cellphones (Liberty Blitzkrieg, Oct 27, 2014):
The new court documents describe a second incident involving a 19-year-old woman who was in a DUI crash in Livermore on Aug. 7. On Harrington’s phone, Holcombe located two photos of that DUI suspect in a bikini accompanied by a text message from the day of the arrest from Harrington to Hazelwood: “Taken from the phone of my 10-15x while she’s in X-rays. Enjoy buddy!!!”
A “10-15x” is CHP code for a woman in custody. The woman may have been at a hospital to have X-rays taken after the crash
Hazelwood replies: “No f—— nudes?”
– From the San Jose Mercury News article: CHP officer says stealing nude photos from female arrestees ‘game’ for cops
The worst thing about the government’s reckless response to the financial crisis of 2008, even worse than the trillions in taxpayer bailouts and backstops granted to the financial criminals that created the disaster, is the primary lesson that it sent to American society as a whole. Some people like to call it “moral hazard,” but in more pedestrian terms it really just boils down to: The Bad Guys Got Away with It. Continue reading »