FCC: Presidential Emergency Alerts to Be Tested

Lisa Fowlkes, Deputy Chief, Public Safety and Homeland Security Bureau, FCC
Click here to hear the interview  Download mp3

Everybody has heard the national Emergency Alert System (EAS). Those familiar “duck calls” that reassure listeners “THIS is a test…this is ONLY a test…”

The FCC is planning an upgrade to the tests by including presidential announcements in the system.

Lisa Fowlkes, deputy chief of the Public Safety and Homeland Security Bureau of the FCC, explained to the Federal Drive the Presidential Alert isn’t new.

“The primary goal is to provide the President with a mechanism to communicate with the American public during times of national emergency,” said Fowlkes. The change, she said, is that prior to last week’s order there was no rule in place to call for or allow a test from top to bottom.

Fowlkes said, “There’s never been a test from top to bottom where it’s issued by FEMA and it goes straight down to all the different levels of EAS to the American public. So this is a way for us to glean, okay, if there were an actual emergency and the federal government needed to activate the Presidential EAS, making sure that it actually works the way it’s designed to.”

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US: Farm Insurance Fraud is Cheating Taxpayers Out of Millions

Perpetrators falsely claim weather or insects destroyed their crops and cash in on a government-backed insurance program. Some don’t bother planting at all. Others sell their harvests in secret.


A satellite image of fields, showing plant density. The federal government has been using satellites, data-mining and other tools to look for fraud. (U.S. Department of Agriculture / January 9, 2006)

Reporting from Sacramento — The federal investigator took the witness stand and described the crime scene: a sprawling field clogged with boulders, native grasses and knee-high sagebrush.

The defendant, a California farmer, had said the site was a 200-acre wheat field. But the investigator found no tilled soil, no tractors, no plows. In fact, she testified, she found no wheat.

The field was just a field — and a prime example, federal prosecutors allege, of a wave of agricultural insurance scams sprouting across the nation.

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Coming Soon: A 300-Percent Increase in Foreclosures!

At Calculated Risk, Tom Lawler, a real estate economist and former risk policy veep at Fannie Mae, tries to figure out how many people have actually lost their homes to foreclosure, short sales or deed-in-lieu desertions. The answer: Not enough. Lawler (who is now living the life of Riley on a Virginia farm) says the number of foreclosures that have been completed so far is a drop in the bucket compared to the number of loans that have gone bad:


On the other hand, the above numbers could well OVERSTATE significantly the number of homeowners who lost their primary home either to foreclosure or to a short sale. A “significant” % of completed foreclosure sales has been completed foreclosures on non-owner-occupied homes, though estimates vary as to what that % has been. In addition, not all short sales have involved homeowners “involuntarily” leaving their home, but who instead wanted to (for economic or other reasons) move and who were able to negotiate a short sale with their lender.

So what is the right number for folks who lost their residence to foreclosure, a short sales, or a DIL? I don’t rightly know.

It is pretty clear, however, that overall foreclosure moratoria, foreclosure delays, modifications, and other workout activity continued to keep the number of homeowners who “lost” their homes to foreclosure massively lower than one would have expected given the delinquency/in foreclosure numbers.

So what will this mean when the last moratorium is lifted, the last show-me-the-note lawsuit gets thrown out of court, and the last loan modification has failed? Well by that time you’ll probably be able to buy property on a planet orbiting some nice warm star in Constellation Cygnus. But there could be roughly three times as many homes on the market as there are now. Lawler points to 1,445,000 completed foreclosures and short sales at the end of 2010, compared with 4,296,01 mortgages that are past due by 90 days or more.

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How To Get Internet Access When Your Government Shuts It Down

Does your government have an Internet kill-switch? Read our guide to Guerrilla Networking and be prepared for when the lines get cut.


President Obama May Get Power to Shut Down Internet Without Any Court oversight

These days, no popular movement goes without an Internet presence of some kind, whether it’s organizing on Facebook or spreading the word through Twitter. And as we’ve seen in Egypt, that means that your Internet connection can be the first to go. Whether you’re trying to check in with your family, contact your friends, or simply spread the word, here are a few ways to build some basic network connectivity when you can’t rely on your cellular or landline Internet connections.

Do-It-Yourself Internet With Ad-Hoc Wi-Fi

Even if you’ve managed to find an Internet connection for yourself, it won’t be that helpful in reaching out to your fellow locals if they can’t get online to find you. If you’re trying to coordinate a group of people in your area and can’t rely on an Internet connection, cell phones, or SMS, your best bet could be a wireless mesh network of sorts–essentially, a distributed network of wireless networking devices that can all find each other and communicate with each other. Even if none of those devices have a working Internet connection, they can still find each other, which, if your network covers the city you’re in, might be all you need. At the moment, wireless mesh networking isn’t really anywhere close to market-ready, though we have seen an implementation of the 802.11s draft standard, which extends the 802.11 Wi-Fi standard to include wireless mesh networking, in the One Laptop Per Child (OLPC) XO laptop.

However, a prepared guerrilla networker with a handful of PCs could make good use of Daihinia ($25, 30-day free trial), an app that piggybacks on your Wi-Fi adapter driver to turn your normal ad-hoc Wi-Fi network into a multihop ad-hoc network (disclaimer: we haven’t tried this ourselves yet), meaning that instead of requiring each device on the network to be within range of the original access point, you simply need to be within range of a device on the network that has Daihinia installed, effectively allowing you to add a wireless mesh layer to your ad-hoc network.

Advanced freedom fighters can set up a portal Web page on their network that explains the way the setup works, with Daihinia instructions and a local download link so they can spread the network even further. Lastly, just add a Bonjour-compatible chat client like Pidgin or iChat, and you’ll be able to talk to your neighbors across the city without needing an Internet connection.

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US Military Purchases Contaminated Gulf of Mexico Seafood For Troops

All seafood is toxic, especially if it is coming from the Gulf of Mexico:

Louisiana Senator Blasts President Obama About COREXIT Poisoning of the Gulf

Gulf: 6 Dangerous Chemicals Found In Blood Tests By 3 Separate Labs (Video)

Multiple Independent Lab Tests Confirm Oil In Gulf Shrimp

Marine Toxicologist Dr. Riki Ott: ‘People Now Dropping Dead’ In the Gulf

Scientists Found 40-Fold Increase In Carcinogenic Compounds In Gulf

Blood Tests on Gulf Residents Show Benzene And Other Hydrocarbons

FDA admits NOT testing for MERCURY, ARSENIC, or any other TOXIC HEAVY METALS in Sea Food

Scientists: Evidence Of Gulf Oil And Dispersant Mix Making Its Way Into The Foodchain


US military purchases Gulf of Mexico seafood, boosting an industry battered by oil spill


Workers shuck raw oysters at Motivatit Seafood in Houma, La. Sales of oysters, fish and other seafood products from the Gulf of Mexico dropped dramatically after last year’s BP oil spill. (David Rae Morris)

Sales of Gulf of Mexico seafood are getting a boost from the military after being hammered by last year’s BP oil spill, which left consumers fearing that the water’s bounty had been tainted.

Ten products, including fish, shrimp, oysters, crab cakes, and packaged Cajun dishes such as jambalaya and shrimp etouffee are being promoted at 72 base commissaries along the East Coast, said Milt Ackerman, president of Military Solutions Inc., which is supplying seafood to the businesses.

Gulf seafood sales fell sharply after a BP gulf well blew out in April, spewing millions of gallons of oil into the sea. Consumers have long feared that fish, oysters and other products could be tainted by oil and chemicals used to fight the spill, although extensive testing has indicated the food is safe. The perception has lingered – along with the poor sales.

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US Ammunition Tells Its Own Story

Don’t miss:

Seymour Hersh: Many Within Joint Special Operations Command ‘Are All Members Of, Or At Least Supporters Of, Knights Of Malta’, ‘Many Of Them Are Members of Opus Dei’ … ‘It’s A Crusade, Literally’


American ammunition is available in abundance if the targets are the Muslims and their lands; be it Afghanistan, Iraq, Pakistan, Sudan, Yemen, Gaza, Tunisia and now Egypt.

As people across Egypt continued resisting and rising against the brutal dictatorship of Hosni Mubarak it is quite clear they will not stop until he goes.

Quite clear to everyone, that is, apart from the US Secretary of State Hillary Clinton who is so out of touch with what is happening on the ground you have to wonder who on earth is advising her.

She appears to have no idea of the burning resentment and hatred held towards America among the ordinary men and women of Egypt. More than 100 have paid the blood price, so far, for standing up to the US backed tyrant Mubarak and two thousand others are injured.

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Michigan Prepares For A Tsunami Of Muni Financial Crises

State after state will go bankrupt, asking the even more bankrupt federal government for a bailout.


Dozens of Michigan’s municipalities and school districts could soon face major financial problems and an unnamed handful are on the brink of becoming insolvent, warns State Treasurer Andy Dillon.

To prepare for the onslaught, the state treasurer’s office will start training 50 emergency financial managers this week to help the state cope with an expected rise in communities facing financial collapse. The training will focus on helping local governments avoid a state financial takeover while emphasizing early intervention, Bond Buyer reports.

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Chinese Have A New Method To Buy Massive Amounts Of Physical Gold, Bypassing Comex And Any Form Of Delivery Limits And Problems

The contact out of London has updated King World News on the massive Asian buyers which have been accumulating both gold and silver. The London source stated, “What we’ve been talking about for the past few months, the Asians, particularly the Chinese buying staggering amounts of physical gold has just gone into the mainstream media. The Financial Times was months behind King World News in reporting this information.”

The London source continues:

“The Asians, particularly the Chinese, want physical gold and they want it tomorrow.  So the Chinese have a new method.  They are now planning to buy tremendous amounts of the ETF GLD.  They will then tender the GLD shares for immediate delivery of the gold.  This bypasses all of the rules of places such as the Comex limiting delivery.  There is no limit as to how much you can buy from the ETF GLD.

Mainstream media and some pundits have been pointing to drawdowns in GLD and saying there is liquidation of tonnage and that it is bearish for gold.  They are ignorant and don’t understand what is happening is large buyers are tendering shares for delivery, and this is extremely bullish for the gold market.

This gets around the delays, delivery problems and any form of limitation.

The Asian entities are essentially looking for ways to get hold of physical gold because they are having trouble procuring gold in large quantities.

…..

Full article here:  KingWorldNews

As ‘THE BEN BERNANK’ Is Losing Control Of The Long-End, Will Vigilantes Push ‘THE BEN BERNANK’ To Act On The Short-End?

So what exactly is the Ben Bernank doing?

Quantitative Easing Explained


While it is well-known by now that Bernanke is slowly but surely losing control of the long-end of the curve, and increasingly more so the 10 Year (3.66%) and the belly itself, little has been said about the short end, which is where the bond vigilantes get to say a thing or two about future QE.

And just like last year, when the 2 Year surged to over 1% in Q1 and early Q2 before it was made clear that the Fed’s first attempt at pulling out of the central planning business was a failure and required the gradual reintroduction of yet another quantitative easing episode, so now the 2 Year is starting to slide rapidly higher in what is becoming an identical replica of last year’s episode.

If that is indeed the case look for the 2 Year to close March just wide of 1% and to peak at 1.2% in April before the wheels fall off in the latest attempt to extricate the Fed from the US economy, and we get a QE3 announcement some time in May.

Yet what is even more important than spot levels, are 2Yr10Yr forwards. As the chart below shows, the spread has just jumped to 3.70%, taking out previous recent early 2010 highs (yes, when the 2 Year spot was trading north of 1%), and is all the way back to levels last seen in 2004, when the Fed was actively in the process of deliquifying markets. Is the forward curve telling us it is high time for the Chairsatan to finally do the right thing? And if not the case, is it time to put on a convergence trade between the spot and the 10 Yr forward?

And as a reminder, the last time the spot-fwd spread was so wide, it was the 2 Year which moved almost in a straight line from 1% to 5% in just over 2 years. Of course, what happened next, we all know… and so does the chairman. Which is why anyone harboring dreams that there is any even modestly remote chance that short end yields will voluntarily go higher, should reevaluated their thesis.

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Gold Game Changer: JP Morgan Accepts Bullion as Money

Gold and silver have always been money, the real money!

Ready for gold $10,000? It’s coming.

Oh, can you trust JP Morgan on anything?

NO!!!!!!!!!!, especially not with your gold and silver.


J.P. Morgan Chase & Co. announced on February 7, 2011 that it will accept physical gold as collateral for investors that want to make short-term borrowings of cash or securities.

Presenting gold to satisfy demands for performance bond collateral has been allowed on the London CME in a limited way since October 2009. As of November 22, 2010, the Intercontinental Exchange Inc. (ICE) has accepted gold bullion as collateral on all credit default swaps and energy transactions.

I don’t recall the G-20 declaring gold a new currency. Yet JPMorgan Chase and a couple of financial market exchanges have effectively declared that gold is an alternative currency.

In other words, gold is money.

Abolish Credit Default Swaps on Sovereign Debt

In an earlier post, I wrote that Congress should act immediately to abolish credit default swaps on the United States, because these derivatives will foment distortions in global currencies and gold. Credit defaults swaps on the United States currently settle in euros, but there is talk of creating new contracts calling for settlement in gold. Congress should immediately ban all credit derivatives on the United States, since the opportunities for mischief making outweigh the hedging value.

Most traders in U.S. credit default swaps don’t think the U.S. will default as long as we have money printing presses, so they are speculating on price movements in U.S. Treasury bonds due to potential increases in interest rates. If speculators manage to get contracts to settle in gold, speculators on the winning side of a price move will demand collateral paid in gold.

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Meredith Whitney Whips Up Wall Street as Bear in Heels

She just stated the obvious.

She just pressed the big red button in front of her, now look at the reaction.


Meredith Whitney has done it again, turning Wall Street against her with a contrarian call, this time on municipal bonds.

The analyst’s prediction for “50 to 100 sizable defaults” of U.S. municipal bonds totaling “hundreds of billions of dollars” could become her Big Wrong Call. If so, it will knock Whitney from a pedestal, to the satisfaction of her many critics.

She has staked her credibility on this forecast, broadcast Dec. 20 in an interview on CBS’s “60 Minutes.” Her summary of a 600-page report to clients prompted a National League of Cities analyst to say she possessed a “stunning lack of understanding.” Other critics called her prediction “ludicrous,” “irresponsible,” “damaging,” and “overreaching.”

There’s a huge gap between these descriptions and Whitney’s track record as an analyst. The chasm is so big that it is worth exploring. Something interesting is going unexamined or unexplained.

Many of Whitney’s critics have a vested interest in tearing her down. They include competing municipal bond analysts, fund managers who run muni portfolios, financial advisers who sell the tax-exempt securities, and above all, the borrowers who depend on munis to finance their whopping deficits. To all of them she is a big-mouthed, larger-than-life nightmare.

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China on track to become TOP GOLD BUYER

(Financial Times) — China’s gold imports are estimated to have more than doubled from a year ago in the run-up to Chinese new year, putting the country on track to overtake India as the world’s largest consumer of the precious metal.

The growth in demand is being attributed in part to Chinese families giving each other gifts of gold instead of traditional red envelopes filled with cash.

Fears of inflation have also driven demand for gold as a retail investment.

Precious metals traders in London and Hong Kong said on Wednesday they were stunned by the strength of Chinese buying in the past month. “The demand is unbelievable. The size of the orders is enormous,” said one senior banker, who estimated that China had imported about 200 tonnes in three months.

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Cyber War Rule Of Engagement Drawn Up

The world needs to draw up new accords on online warfare to deal with the growing dangers of attacks in cyberspace, David Cameron and fellow international leaders will be told on Friday.


Hillary Clinton will join David Cameron and Angela Merkel at the Munich Security Conference Photo: EPA

Proposals for adapting the Geneva and Hague conventions to provide “rules of engagement” for “cyber war” will be delivered to the Munich Security Conference by American and Russian experts at the influential EastWest Institute, a New York-based think-tank.

World leaders attending the annual Munich gathering include Mr Cameron, Hillary Clinton, the US secretary of state, and Angela Merkel, the German chancellor.

The EastWest Institute will argue that the new rules will be needed to protect civilian facilities such as hospitals and schools from being hit in future online conflicts.

The team will tell the security conference that discriminating between military and civilian targets and identifying attackers presents major new challenges in the internet era.

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New Orleans Population Nearly 30 Percent Lower Than Before Hurricane Katrina

As intended by the elitists.

For more information see this:

Jesse Ventura Conspiracy Theory: ‘Gulf Coast Oil Spill’



A barge sits in a New Orleans neighbourhood destroyed by Hurricane Katrina in 2005. The population of the city is nearly 30 per cent lower than it was in the years before the natural disaster

Over five years after Hurricane Katrina devastated New Orleans, the aesthetic scars may be slowly healing but the impact clearly still remains – as it was revealed that the population of the city is nearly 30 per cent smaller than a decade ago.

The Louisiana city, which was the 24th biggest city in the U.S. two decades ago, is now languishing as the 53rd most populated.

According to the Census Bureau, just 343,829 people were living in the city as of April 1 last year.

n 2000, five years before the hurricane which claimed the lives of over 1,800 people, New Orleans was inhabited by a healthy 484,674.

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Hillary Clinton Calls All Ambassadors to Gather in Washington!

To discuss the coming greatest financial collapse in history, with the US finally defaulting on its unprecedented amount of debt, the coming dollar devaluation and/or WWW III,  or what?

Maybe she will just tell them that JP Morgan cannot control the gold and silver price anymore and that the US dollar is finished.

THIS HAS NEVER HAPPENED BEFORE. It must me a very serious issue, that’s for sure.

China may have just started to sell off US Treasuries.

Chinese Have A New Method To Buy Massive Amounts Of Physical Gold, Bypassing Comex And Any Form Of Delivery Limits And Problems

China on track to become TOP GOLD BUYER



Hillary Clinton will meet with top envoys from all U.S. embassies at the State Department.

(Politico) — Secretary of State Hillary Clinton has called top envoys from U.S. embassies to gather in Washington on Monday for a wide-ranging foreign policy meeting.

Ambassadors from almost all 260 U.S. embassies, consulates and other posts in more than 180 countries are expected to convene at the State Department for what’s being billed as the first meeting of its kind.

Officials say the meeting will include discussion of foreign policy priorities for 2011, The Associated Press reported, as well as an assessment of the fallout from the release of secret diplomatic cables by WikiLeaks. Clinton will meet individually with diplomats working in unstable countries.

The meeting comes as protests continue in Egypt, where longtime President Hosni Mubarak could soon be pushed out of power. On Sunday, Clinton appeared in taped appearances on all five major TV talk shows to discuss what she called the need for “real democracy” in Egypt, while trying to avoid committing to siding with any one party in the conflict.

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BP Announces $4.9 Billion Loss

BP announces £3.1bn loss as it goes into the red for the first time in 20 years (Daily Mail):

BP reported a £3.1billion ($4.9bn) loss yesterday as the company counted the cost of last year’s oil rig disaster in the Gulf of Mexico.

It was the first time the company had been in the red for nearly two decades – this time a year ago they posted a profit of £8.7billion ($14bn).

AOL is Buying The Huffington Post for $315 Million


Arianna Huffington said that as she began talking to Tim Armstrong of AOL, “it was really amazing how aligned our visions were.”

The Huffington Post, which has grown from its small but splashy debut in 2005 into one of the Web’s most popular news sites, has agreed to sell itself to AOL, Jeremy W. Peters and Verne G. Kopytoff report in The New York Times on Monday.

Under the terms of the deal, AOL will pay $315 million — $300 million in cash and the rest in stock.

Andrew Harrer/Bloomberg News On Sunday, Tim Armstrong said the deal fit “right into our strategy.”

The deal is AOL’s biggest since separating from Time Warner in 2009, and showcases the company’s intent to focus on original content. (In September, AOL bought TechCrunch, the influential technology blog founded by Michael Arrington.)

But it also represents a major media move by The Huffington Post’s co-founder, Arianna Huffington.

More from The Times:

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How Treasury Secretary Hank Paulson Broke The Law: ‘This Will Be A Disclosable Event And We Do Not Want A Disclosable Event’ – Parsing The Ken Lewis ‘MAC’ Deposition

Among some of the discoveries of the financial crisis is that the entire financial system is now, following the Lehman bankruptcy, built entirely on fraud. And while Ken Lewis may spend the remainder of his days on some private island with stolen taxpayer money providing for his every last wish, it was he, in following the Fed’s and the Treasury’s orders to make a mockery of fiduciary responsibility, that was among the first people to confirm that there is no rule of low in America, or rather whatever law there is, it only applies to the less than immortal (i.e. the sub-banker class). Below, in an indication that Zero Hedge will never forget, we present the salient highlights from the Ken Lewis deposition on the MAC clause surrounding the Merrill transition, emphasizing the threats from Hank Paulson and Ben Bernanke. For as long as neither of these three is in jail for what is documented shareholder (and taxpayer) fraud, we fail to see why the remaining 300+ million Americans continue to diligently pay their share of taxes into a government that is now beyond (and in full documentation) corrupt. Also, how BofA’s lawyer Wachtell was not at all present during the discussion of the MAC clause, makes a complete mockery of the US legal process in its entirety. We wonder just when the official scribe of the kleptocracy, Andrew R. Sorkin, will write a book disclosing the truth of what happened, including a listing of all the laws broken with full premeditation by every single player, and not the watered down, PG13 (and rather expensive)version  that makes everyone come out like a law-abiding superman.

Full transcript highlights, presented without commentary:

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Corn Prices To Soar As Chinese Imports Increase Ninefold Compared To Official Projections

See also:

Commodity Whack-A-Mole – Corn Price Jumps


Cotton, wheat, rice, and now corn. If revised Chinese import estimates by the US Grain Council are even remotely correct, look for corn prices of $6.80 a bushel at last check to jump by at least 15% in a very short amount of time. As the FT reports, “Corn prices – and with them, the price of meat – are set to explode if the latest import estimates from China are correct.

The US Grain Council, the industry body, said late on Thursday that it has received information pointing to Chinese imports as high as 9m tonnes in 2011-12, up from 1.3m in 2010-11.” Why is this a concern? Because “the US Department of Agriculture, which compiles benchmark estimates of supply, demand and stocks, forecast Chinese imports at just 1m tonnes in 2011-12.

In other words, the whole forecast supply-demand equilibrium is about to be torn to shreds. And all this excludes the impact of neverending liquidity by the one and only, which will only make the speculative approach to surging corn relentless.

For those who think that there is any even remote hope of a respite in the endless climb in prices, we suggest reading the following:

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Silver Breaks Its Golden Shackles And More Signs of Silver Shortages

On September 21, 2010 I published an article entitled “More Forensic Evidence of Gold & Silver Price Manipulation”. In that article I showed how silver from 2003 to 2010 had never traded freely at all; I showed that silver was algorithmically traded with gold and there was a very clear relationship between the price of gold and the price of silver. For those who haven’t read the previous article the following figure 1 (figure 4 in the previous article) demonstrates the inter-relationship.


Figure 1 Cross-plot of Silver versus Gold 2003-2010

Figure 1 is a cross-plot of the price of gold against the price of silver for every trading day from June 2003 to September 2010. There are two linear relationships, one is pre-2008 (black line) and the second is post 2008 (green line). The best fit equations for the two data sets are also given on the chart.

The stunning revelation from the data analysis was that if on any day I knew what the price of gold was I would be able to calculate the silver price from the equation of the relationship! How is that possible in a free market? It simply is not possible and so the conclusion is that silver is not in a free market but is manipulated to move algorithmically with the price of gold. I have written many articles that show that gold is itself manipulated and suppressed (for example, see Gold Market is not “Fixed”, it’s Rigged)

I have updated the chart of Figure 1 which is shown in Figure 2.

Figure 2 Cross-plot of Silver versus Gold 2003-2011

Since September 2010 silver has broken its golden shackles. The algorithmic trading that kept the price of silver subdued for seven years has been completely annihilated.

On Friday silver closed in complete backwardation on the Comex. Spot silver closed at $29.075/oz while FEB 2011 closed at $29.064/oz and DEC 2015 closed at $29.026/oz. I believe this is the first time in history that this has happened. Silver traded in backwardation between the spot price and futures contract up to one year out during the blatantly manipulative precious metals bashing of January, but now the entire futures structure is in backwardation. This is a sure sign there are shortages of silver because it means that buyers will pay a premium for silver delivered sooner rather than later.

Signs of shortages have also been apparent from a shrinking silver inventory on the Comex in the face of rising prices. The registered inventory stands at a paltry 43 Mozs. In addition there is lots of anecdotal evidence that there are tight supplies everywhere. There are reports of refineries refusing to take new orders due to insufficient silver feedstock.

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