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

- 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

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

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

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

- 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

- 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

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

MCD

- Four Moscow McDonalds shut by Russian consumer watchdog (RT, Aug 20, 2014):

Russia’s consumer watchdog has shut down four McDonald’s restaurants in central Moscow – including the first-ever outlet in the country – over “administrative violations.” More of the company 430 Russian franchises are under investigation.

“Multiple violations of sanitary norms were detected in the sourcing of food and waste disposal in McDonald’s restaurants during inspections carried out between the 18th and 20th of August,” said an official statement from the watchdog, Rospotrebnadzor. Continue reading »

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Aug 21

- Russia Forces Its Popular Bloggers to Register — Or Else (Bloomberg, Aug 19, 2014):

Russian President Vladimir Putin is taking names. Potentially thousands.

The former KGB colonel, concerned with how social media can be used to undermine his authority, this month expanded his regulation of media to the blogosphere, requiring those with at least 3,000 daily readers to register their real names and contact information. So far, about 580 bloggers in Russia have applied to register with the country’s communications regulator Roskomnadzor.

The government says this is needed so it can remove inaccurate or defamatory information on the Internet. But some bloggers fear it will limit free speech, allow Putin to close down blogs he doesn’t like and give him an excuse to block sites such as Twitter in the future.

The total number of bloggers who are required to register may be several thousand. Roskomnadzor may shut down the accounts of those who don’t follow the new rule. Roskomnadzor sent Eduard Limonov and Boris Akunin, who are known for their opposition to the government, requests to register their blogs, according to the daily newspaper Izvestia. Continue reading »

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Aug 21

- Our ‘Enemies’ in Ukraine Speak (Washington’s Blog, Aug 20, 2014):

America’s ‘news’ media do not let the victims of Ukraine’s civil war — the people who are dying and being driven out from the southeastern regions of that country by the new Ukrainian Government — speak, and tell their story. Scenes will therefore be posted below from an admittedly overlong amateur video from southeastern Ukraine, in which they have been allowed to tell their story. This is being done here since U.S. ‘news’ media apparently don’t consider it something that you would want to know, and since you should be allowed to judge for yourself whether it is or not, and to judge why it’s not being reported on the ‘news’ sources that our ‘democracy’ offers to ‘inform’ America’s public about public affairs. It is also being done because these still photos from the documentary summarize this over-long documentary’s important narrative. You are welcomed to click onto the link above to see the entire 82-minute documentary.

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Aug 21

standing-army

- The Founding Fathers Fought the Revolutionary War to Stop the Type of Militarized Police We Now Have In the U.S. (Washington’s Blog, Aug 20, 2014):

Founders Versus Ferguson …

Former Congressman – and Cleveland mayor – Dennis Kucinich wrote a must-read post yesterday:

The Boston Massacre of March 5, 1770, was a catalyst toward the American Revolution. Five civilians were killed by the British soldiers. The Declaration of Independence, in condemning the offenses against liberty by George III, stated:

He has kept among us, in times of peace, standing armies without the consent of our legislature.

He has affected to render the military independent of and superior to civil power.

He has combined with others to subject us to a jurisdiction  foreign to our constitution, and unacknowledged by our laws; giving his assent to their acts of pretended legislation:

  • For quartering large bodies of armed troops among us
  • For protecting them, by mock trial, from punishment for any murders which they should commit on the inhabitants of these states

Indeed, the top expert on the militarization of America’s police forces – Washington Post writer Radley Balko, who has testified to Congress and written books on the subject – confirms that the Founders would have seen the militarized police as an unconstitutional standing army: Continue reading »

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Aug 21

- Switzerland to EU: We don’t want to sidestep Russian food ban (RT, Aug 20,  2014):

Switzerland has said it will not re-export European agricultural products to Russia that now can’t get access to the country’s market.

“We have had requests from European countries, including the producers of fruits, vegetables, dairy products and meat, but we didn’t give permission to have their products imported to Switzerland and then exported to Russia,” as ITAR-TASS quotes Jurg Jordi, a spokesman at the Swiss Federal Office for Agriculture. Continue reading »

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Aug 21

- Trampling on Coal Country families (Ice Age Now, Aug 20, 2014):

“Obama and EPA are determined to destroy US coal, people’s lives and welfare be damned,” says Paul Driessen.

As President Obama and his Environmental Protection Agency continue waging war on coal, oil and gas – it is families in Coal Country, USA that are being hammered hardest.

“States that mine coal or use it to generate affordable electricity for homes, hospitals and factories are losing jobs, facing widespread power plant closures, and seeing their electricity prices climb higher and higher. The effects on people’s health and welfare grow steadily worse, but are ignored by EPA, which is fixated on “preventing dangerous manmade climate change,” at any cost. Continue reading »

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Aug 21

aipac-pile

- The U.S. Congress: a Metonym for AIPAC (Sabbah Report, Aug 18, 2014):

The majority of the American people believe — due to a corporate mass media-induced blinkered naivety — that they are governed by their elected representatives in which in reality is more akin to a serving the interests of war criminal Israeli rather than the interests of the God, peace, and gun-loving American people. While it is sometimes alleged that the the , or NRA — supported by smaller groups such as the Jews for Preservation of Firearms Ownership — is the most powerful lobbying group in the U.S., it is nowhere near as influential as the American Public Affairs Committee (AIPAC) whose leverage extends over far more areas of U.S. government policy. Continue reading »

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Aug 21

H/t reader squodgy:

“Several years ago, when I first got interested in who owns what, I saw this video which shows where the man himself was worming his way in.

Not only is he now selling weather guarantees (no connection with chemtrails & HAARP there then?!?!….erm), he is advocating the one world currency and the supervisor of the Chinese Central Bank is his ‘friend’.

Again, what we are seeing is all window dressing to keep us confused. Whatever Vlad does with China, it has Rothschild’s nod of approval because they’re already in there.

Think about it, the USA and EU are bust, the BDI is bottomed so world trade is grinding to a halt. China has just admitted it has been borrowing trillions to build twenty cities……….who other than the people who own 90% of world assets would stump up that much? It was their perfect leverage to gain control of the Chinese financial sector.

In my humble opinion, the Chinese Credit Card is one of Rothschild’s moves, and if Vlad locks in to it, it will please Evelyn.”


June 7 (Bloomberg) — Evelyn de Rothschild, chairman of E.L. Rothschild Ltd., talks about China’s economic development and outlook for the country’s financial services industry. De Rothschild speaks from Beijing with Rishaad Salamat on Bloomberg Television’s “On the Move Asia.” (Source: Bloomberg)

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Aug 20

All That Is Wrong With US Foreign Policy In One Tweet (ZeroHedge, Aug 20, 2014):

Presented with no comment…


obama-golf

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Aug 20

Ferguson Cop Points Gun At Protesters And Press, Screams “I Will F***ing Kill You”, Has Been “Relocated” (ZeroHedge, Aug 20, 2014):

In the aftermath of recent violent events and now that even the US Attorney General has arrived, one would assume that the Ferguson police had at least some “sensitivity” training about how to approach protesters, especially those “armed” with cameras. Not in this case. The footage below out of Ferguson shows a police officer pointing his gun directly at protesters and reporters while screaming “I’m going to f***ing kill you!

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Aug 20

James Foley2

- ISIS Beheads Captured American Journalist, Threatens To Kill Another (ZeroHedge, Aug 19, 2014):

An American journalist, James Foley who was previously held captive by pro-Gaddafi forces for six weeks in Libya, was captured again in 2012 in Syria by – at the time ‘unidentified’ gunmen – which we now know was ISIS. James Foley – a freelance reporter from Boston – was kidnapped Thanksgiving Day 2012. We now know the sad ending of this young man’s life. In the following shocking clip just released from ISIS, Foley explains – at the point of a blade – “I call on my friends, family members and loved ones to rise up against my real killers, the U.S. government” – and is then gruesomely beheaded. In the last few minutes, the captor shows another poor soul. Continue reading »

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Aug 20

- Gov’t: Radiation level 60 km from Fukushima plant is as high as the most contaminated areas in Chernobyl — “Fukushima far exceeded any crisis previously encountered” — “A risk of destruction of the society” — Expert: “It’s unprecedented in scale and duration” (VIDEOS) (ENENews, Aug 18, 2014):

Dr. Jacques Repussard, Director General of France’s Institute for Radiological Protection and Nuclear Safety (IRSN), May 15, 2014 (emphasis added): To deal with the remaining issue of the contaminated water [Tepco should] limit, or even finalize, the underground leak into the sea of heavily contaminated water. >> Watch the interview here

Tim Deere-Jones, UK-based marine radioactivity consultant (pdf), ‘Fukushima Marine Radioactivity Issues‘, August 2013: The current operating marine environmental monitoring regimes in the relevant sea area are focusing on a very small number of radionuclides, principally caesium, iodine and strontium. These represent less than 10% of the total inventory of nuclides… I can see no justification for refusing to investigate the concentrations of approximately 90% of the radioactive material (all of which are capable of contaminating environmental media and delivering doses of radioactivity to wildlife and human populations)… there can be little doubt that a range of other isotopes including actinides/alpha emitters (probably 4 or 5 isotopes of plutonium, 3 of Uranium, and also Americium and Curium) will also have been released and entered into the marine environment. Continue reading »

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Aug 20

obama-Israel

- U.S. military aid to Israel exceeds $100 billion (Haaretz):

Does suspension of missile deal mean trouble in relations with U.S., or is it just a tap on the wing?

The United States of America is Israel’s big brother and really loves us. Israel does not have and apparently will not have another friend like it. According to a recent Congress report, Israel is the country that has received more cumulative American aid than any other country since the end of World War II.

Since it began in 1962, American military aid to Israel has amounted to nearly $100 billion. For the past decades the United States has been regularly transferring aid of about $3 billion annually. In recent years, the aid has been solely for defense purposes. Additionally, the U.S. has been giving Israel generous military aid for projects that are important both to it and to Israel. Continue reading »

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