Monday, September 29, 2014

Saudi Prince: War Against ISIS Really About Removing Assad #28pages #Uncover911

Published on Sep 29, 2014
Prince Turki Al-Faisal, former Saudi Arabian ambassador to the U.S., tells CBS This Morning Anchor Norah O'Donnell, he hopes the airstrikes that include Saudi planes against ISIS are the first step in ultimately removing Syrian leader Bashar Assad and does not see any reason why they shouldn't send in Saudi ground troops if necessary. http://www.cbsnews.com/news/this-morn...

Don't forget we are looking for the declassification of 28 pages which allegedly exposes the involvement of foreign agents in 9/11 and Saudi Arabia has been named.  Read more here.




Saturday, September 27, 2014

'Israel waging war of genocide in Gaza' - Mahmoud Abbas to UNGA (FULL SP...

Published on Sep 26, 2014
The Palestinian president Mahmoud
Abbas has condemned Israel’s “war of genocide” in Gaza and vowed to ask
the UN Security Council to set a deadline for ending the Israeli
occupation.


'Certain states helped create Islamist extremism' – Iran’s Rouhani to UN...

Streamed live on Sep 25, 2014
The rise of violent extremism around
the world (#ISIS) is the fault of “certain states” and “intelligence agencies”
that have helped to create it and are failing to withstand it, Iranian
President Hassan Rouhani said in an address to the UN General Assembly.


FULL STORY: http://on.rt.com/k0u3xi




UNCED EARTH SUMMIT 1992 ON POPULATION REDUCTION - GEORGE HUNT PART 3 OF 4

This classic video produced by George W. Hunt exposes how the progenitors of the hijacked environmental movement, people like Maurice Strong, the Rothschild family and David Rockefeller, always intended the scam to achieve global population reduction along with a global carbon tax based on a cap and trade system controlled by them.

Thursday, September 25, 2014

Is the Fed Preparing To Asset-strip Local Government? Bizarre New Rules

From Web of Debt Blog
Posted on  by Ellen Brown
In an inscrutable move that has alarmed state treasurers, the Federal Reserve, along with the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency, just changed the liquidity requirements for the nation’s largest banks. Municipal bonds, long considered safe liquid investments, have been eliminated from the list of high-quality liquid collateral. assets (HQLA). That means banks that are the largest holders of munis are liable to start dumping them in favor of the Treasuries and corporate bonds that do satisfy the requirement.
Muni bonds fund the nation’s critical infrastructure, and they are subject to the whims of the market: as demand goes down, interest rates must be raised to attract buyers. State and local governments could find themselves in the position of cash-strapped Eurozone states, subject to crippling interest rates. The starkest example is Greece, where rates went as high as 30% when investors feared the government’s insolvency. Sky-high interest rates, in turn, are the fast track to insolvency. Greece wound up stripped of its assets, which were privatized at fire sale prices in a futile attempt to keep up with the bills.
The first major hit to US municipal bonds occurred with the downgrade of two major monoline insurers in January 2008. The fault was with the insurers, but the taxpayers footed the bill.  The downgrade signaled a simultaneous downgrade of bonds from over 100,000 municipalities and institutions, totaling more than $500 billion. The Fed’s latest rule change could be the final nail in the municipal bond coffin, another misguided move by regulators that not only does not hit its mark but results in serious collateral damage to local governments – maybe serious enough to finally propel them into bankruptcy.
Why this unprecedented move by US regulators? It is not because municipal bonds are too risky, since corporate bonds with lower credit ratings are accepted under the new rules. Nor is it that the stricter standard is required by the Basel Committee on Banking Supervision (BCBS), the BIS-based global regulator agreed to by the G20 leaders in 2009. The Basel III Accords set by the BCBS are actually more lenient than the US rules and do not include these HQLA requirements. So what’s going on?
From the Inscrutable, Unaccountable Fed
The rule change was detailed by Pam Martens and Russ Martens in a September 4th article titled “The Fed Just Imposed Financial Austerity on the States.” They write that on September 3rd:
The Federal regulators adopted a new rule that requires the country’s largest banks – those with $250 billion or more in total assets – to hold an increased level of newly defined “high quality liquid assets” (HQLA) in order to meet a potential run on the bank during a credit crisis. In addition to U.S. Treasury securities and other instruments backed by the full faith and credit of the U.S. government (agency debt), the regulators have included some dubious instruments while shunning others with a higher safety profile.
Bizarrely, the Fed and its regulatory siblings included investment grade corporate bonds, the majority of which do not trade on an exchange, and more stunningly, stocks in the Russell 1000, as meeting the definition of high quality liquid assets, while excluding all municipal bonds – even general obligation municipal bonds from states with a far higher credit standing and safety profile than BBB-rated corporate bonds.
This, rightfully, has state treasurers in an uproar. The five largest Wall Street banks control the majority of deposits in the country. By disqualifying municipal bonds from the category of liquid assets, the biggest banks are likely to trim back their holdings in munis which could raise the cost or limit the ability for states, counties, cities and school districts to issue muni bonds to build schools, roads, bridges and other infrastructure needs. This is a particularly strange position for a Fed that is worried about subpar economic growth.
Not Sufficiently Liquid?
In a September 3rd press release, Federal Reserve Governor Daniel K. Tarullo stated that while “most state and municipal bonds are not sufficiently liquid to serve the purposes of HQLA in stressed periods . . . the liquidity of some state and municipal bonds is comparable to that of the very liquid corporate bonds that can qualify as HQLA.” [Cite] Criteria were being developed, he said, for considering these assets. But “it is important to get this final rule adopted now, so that the largest banks can begin to prepare for its implementation on January 1.” In the meantime, muni bonds are in limbo, and it appears that most will still not be accepted as HQLA.
The regulators consider stocks to be more liquid than muni bonds because they are readily traded on the stock market. But as the Martens’ note, stock markets can be quite inaccessible in a crisis. Quoting from the Fed’s own archives on the crash of 1987:
Market makers in the over-the-counter market were not obligated to maintain an orderly market and many withdrew from trading. Delays in processing trades resulted in investors receiving prices very different from what they expected. Many brokers did not answer their phones, leaving investors unable to reach them. Erratic price movements and quotes resulted in frequent lock-ups in the electronic trading system used in the over-the-counter market.
In any case, switching the banks’ holdings from muni bonds to corporate bonds or Treasuries is liable to have little effect in a crash. The stricter rules are supposed to be a defense against bank runs; but in a major derivatives bust and bail-in, the available collateral will go first to the derivatives claimants, through a massive concession to financial institutions in the Bankruptcy Reform Act of 2005. (See my earlier article here.) The FDIC and the depositors are both liable to be out of luck, no matter what form the collateral takes.
The Martens’ conclude:
That the Fed and its regulatory cohorts have to resort to this implausible plan – which crimps the ability of states and localities to raise essential funds to operate – in a strained effort to pretend that they’ve found a means of avoiding another massive bailout of Wall Street in a crisis, is just further proof that the only way to seriously deal with too-big-to-fail banks is to restore the Glass-Steagall Act and break up these complex creatures before they strike again.
Gordon Gekko Goes Muni?
The rule change may not have much effect in a crash, but where it will have a major effect is on the cost of credit, which will increase for municipal governments and decrease for corporate and financial institutions. The result will be to further shift power and financial resources from the public sector to the private sector.
Why would regulators dangerously jeopardize state and local government budgets in this way? Skeptical observers speculate that the intent is to Detroit-ize municipal governments, so that assets can be stripped as is being done in that imperiled city. The international bankers got away with asset-stripping Greece. Why not make the US itself a wholly-owned subsidiary of private banking interests?
If that seems far-fetched, consider what is happening with Argentina, which has been forced into bankruptcy by a US court to satisfy the exaggerated claims of certain hold-out vulture funds. IMF regulators have discussed establishing an international bankruptcy court that could strip a country such as Argentina of its assets, including prime sections of real estate, to pay off the nation’s creditors.
In the US, there is already a trend to force state and municipal governments into austerity measures, if not outright bankruptcy, in order to eliminate labor unions, pension obligations and social services. Bankruptcies can be involuntary, forced by the creditors who caused them. Detroit is the US model. Michigan’s Constitution protects pensions, so the emergency manager appointed by the governor could not unilaterally cut those funds. But in a municipal bankruptcy, a judge would decide the fate of city workers’ pensions, making it an attractive option for banking interests. The oligarchs have long had their eyes on the massive sums represented by the pension funds.
Public Banks to the Rescue?
Whatever the explanation for the Fed’s game-changing move, the vulnerability of state and local governments to unpredictable and unaccountable federal regulators is another strong argument in favor of forming publicly-owned banks. Why be under the thumb of an erratic privately-owned central bank manipulated by Wall Street megabanks now caught in multiple frauds?
Like Eurozone countries, US states cannot print their own currencies. But unlike Eurozone countries, they can borrow from their own public banks, which can create money as credit on their books just as private banks do.
At least, they could if they had their own banks. Only one state – North Dakota – has currently taken advantage of that option. North Dakota is also the only state to have escaped the 2008 credit crisis, sporting a budget surplus every year since then. It has the lowest unemployment rate in the country, the lowest default rate on credit card debt, and one of the lowest foreclosure rates.
True, North Dakota also has oil. But the 2008 crisis happened before oil and gas had made a significant impact on state revenues; and the state was posting a budget surplus all during that period. Other oil and gas states are not doing so well.
Globally, 40% of banks are publicly owned; and they are largely in the BRIC countries – Brazil, Russia, India and China. These countries also escaped the credit crisis largely unscathed.
If state and municipal governments want to protect themselves from the fate of Greece and Detroit, they would do well to follow North Dakota’s lead and form their own publicly-owned banks. And time is of the essence, if they hope to beat the rush before the first US Cyprus-style bail-in consumes the collateral that local governments are counting on to protect their multi-billions in deposits.
_________
Ellen Brown is an attorney, founder of the Public Banking Institute, and author of twelve books, including the best-selling Web of Debt. In The Public Bank Solution, her latest book, she explores successful public banking models historically and globally. Her 200+ blog articles are at EllenBrown.com.

Saudi Connections to ISIS, Al-Qa’ida, and 9/11



The Sauds are not much more than a oil client state under the direct protection of Global Intel, and Global Corp Inc... Recent threats to reveal their role in 911, is likely nothing more than a shot over their bow to keep them in line! 
By Bryson Hull on Sep 20, 2014

Getting payback (or is it blowback?) in Iraq and Syria
Now that the U.S. is back at it in Iraq against a new foe, there’s suddenly renewed focus on evidence of Saudi involvement in 9/11.
More specifically, questions are now being asked about whether the U.S. government’s suppression of what it learned about Saudi Arabia during the 9/11 investigationscontributed directly to the rise of the Islamic State in Iraq and Syria.
Former Sen. Bob Graham, who co-chaired the official 9/11 inquiry, told Counterpunch that “the failure to shine a full light on Saudi actions and particularly its involvement in 9/11 has contributed to the Saudi ability to continue to engage in actions that are damaging to the U.S.—and in particular their support for ISIS.”
Though it’s now well-known that there was some Saudi involvement in 9/11,WhoWhatWhy was the first news organization to uncover the fact that a Saudi in Florida, who hosted the hijackers, worked directly for the Saudi prince in charge of aviation. We also pointed out that there was no hurry to dig deeper into the story by the mainstream media.
The direct contacts we established are a crucial part of the story. So too is the FBI’s reluctant admission that it knew about—and covered up—“many connections” between a Saudi family and the hijackers. Then there’s also the information contained in 28 pages redacted from the congressional report on 9/11, a part of the puzzle getting a new look in the New Yorker thanks to the ISIS news peg.
***
What all this leads us to ask is this: Why is the U.S. once again plunging into a fight that is at least partially of its own making? (That’s to say nothing of the contribution of America’s failed policy in Iraq to the current fiasco.) ISIS is yet another example of a militant group that grew into a threat in large part due to the support of an ostensible ally.
In this latest case, said ally is going to be hosting training camps for moderate Syrian rebels, who are supposed to be some of the boots-on-the-ground against ISIS. This couldn’t possibly be a bad idea, could it?
That Saudi Arabia has a role, either tacit or implicit, in funneling money to Islamic militants is no secret to anyone, least of all the United States government. Hillary Clinton, when she was Secretary of State, was explicit in her request to put greater pressure on the Saudi government to knock off its loose approach to jihadi financing.
“Saudi Arabia remains a critical financial support base for al-Qa’ida, the Taliban, LeT, and other terrorist groups, including Hamas, which probably raise millions of dollars annually from Saudi sources,” Clinton wrote in a Dec. 30, 2009 cable obtained by WikiLeaks.
Haven’t we seen this before? An ally that, for its own foreign policy or domestic political reasons, supports (or turns a blind eye to homegrown support for) groups that fight directly against the United States? You could start with Pakistan’s nurturing of al Qaeda and the Taliban, which began with the CIA’s backing of Afghan mujahideen who counted Osama bin Laden among their benefactors.
A BAD REMAKE?
Read the rest at WHO WHAT WHY

Complete List of Wonderful Things Eric Holder Did for America


From DeadlineLive:

1) In his final days with the Clinton administration, Holder carried out his duties with Clinton’s last-minute pardon of fugitive and Democratic contributor Marc Rich. Regarding discussions with the White House lawyers on the issue, Holder said he was at first “neutral” on the decision to grant Rich a pardon, but might lean in favor of it if there were national security benefits. Holder said that he was told that Israeli Prime Minister Ehud Barakhad asked Clinton to grant the pardon.
2) Holder briefly served as Acting Attorney General under President George W. Bush until the Senate confirmed Bush’s nominee John Ashcroft
3) From 2001 until he became Attorney General, Holder worked as an attorney at Covington & Burling in Washington, D.C. (Along with Michael Chertoff et al) – representing clients such as Merck and theNational Football League. He represented the NFL during its dog fighting investigation against Michael Vick.
In 2004, Holder helped negotiate an agreement with the Justice Department for Chiquita Brands Internationalin a case that involved Chiquita’s payment of “protection money” to the United Self-Defense Forces of Colombia, a group on the U.S. government’s list of terrorist organizations. In the agreement, Chiquita’s officials pleaded guilty and paid a fine of $25 million. Holder represented Chiquita in the civil action that grew out of this criminal case. In March 2004, Holder and Covington & Burling were hired by Illinois Governor Rod Blagojevichto act as a special investigator to the Illinois Gaming Board. The investigation was subsequently canceled on May 18, 2004.
The firm represented Guantanamo inmates but Holder “never participated directly in the firm’s Guantanamo work”, and is not expected to recuse himself from matters pertaining to it.
*Controversial clients of the firm includeOffice Chérifien des PhosphatesCreekstone Farms Quality Beef, Southern Peru Copper CorporationPhilip MorrisHalliburton (War profiteering case), and Xe Services aka Blackwater, and David Samson (Christie / Rockefeller stooge at Port Authority NJ)
4) During his years in private practice, Holder represented the Swiss private bank UBS. Because of this, he recused himself from participating in the Department of Justice investigation of UBS’s abetting of tax evasion by U.S. account-holders and the prosecution of Brad Birkenfeld. (As Attorney General, he also had to bow out of the Roger Clemens contempt of Congress prosecution because the pitcher was once a client of Covington and Burling.
5) Holder defended the legality of drone strikes against terrorists. Addressing the death of Anwar al-Aulaqi, an American citizen (As well as his 16 year old son, whom had no provable ties to terrorism)
6) On April 1, 2009, Holder announced that he had ordered the dismissal of the indictment against former Senator Ted Stevens on corruption charges. Stevens had been found guilty, but hadn’t been sentenced; Holder’s action effectively vacated Stevens’ conviction
7) In 2010, in the run up to the referendum on California Proposition 19, which would have legalized marijuanause for personal recreation, Holder stated that the DOJ would continue to prosecute individuals on the federal level for possession of marijuana even if voters approved a ballot measure
* House Oversight Committee chairman Darrell Issa and Iowa Republican Sen. Chuck Grassley sent Holder a letter in May 2011 asking for details about Operation Fast and Furious, a “botched federal firearms sting” operation that allowed about 2,000 weapons to reach Mexican drug gangs. Grassley and Issa “urged Holder to cooperate and turn over subpoenaed records that would reveal the scope of the government coverup.” (We are all still waiting….)
8) On March 6, 2013, Holder testified to the Senate Judiciary Committee that the size of large financial institutions has made it difficult for the Justice Department to bring criminal charges when they are suspected of crimes, because such charges can threaten the existence of a bank and therefore their interconnectedness may endanger the national or global economy. (See his connections to Banks above – Under Holder, Prosecution rates against crimes by large financial institutions are at 20-year lows)
Holder has also endorsed the notion that prosecutors, when deciding to pursue white-collar crimes, should give special consideration to “collateral consequences” of bringing charges against large corporate institutions, as outlined in a 1999 memorandum by Holder. Nearly a decade later Holder, as head of the Department of Justice, put this into practice and has demonstrated the weight “collateral consequences” has by repeatedly sought and reached deferred prosecution and non-prosecution agreements and settlements with large financial institutions such as J.P. Morgan Chase, HSBC, Countrywide Mortgage, Wells Fargo, Goldman Sachs, and others where the institution pays a fine or penalty but faces no criminal charges and admits no wrongdoing.  Whereas in the previous decade EVEN the Bush administration’s Department of Justice often sought criminal charges against individuals of large institutions regardless of “collateral consequences” such as cases involving EnronAdelphia Communications CorporationTyco International, and others.
9) On May 13, 2013, the Associated Press announced telephone records for 20 of their reporters during a two-month period in 2012, had been seized by the Justice Department. They described these acts as a “massive and unprecedented intrusion” into news-gathering operations.  Holder testified under oath in front of theHouse Judiciary Committee and made it clear he recused himself from the leak investigations to avoid any appearance of a conflict of interest. Holder said his Deputy Attorney General, James Cole, was in charge of the AP investigation and would’ve ordered the subpoenas. When questioning turned to possibility of journalists being charged under the Espionage Act for reporting classified material, Holder stated: “With regard to the potential prosecution of the press for the disclosure of material, that is not something that I’ve ever been involved in, heard of or would think would be a wise policy.”
It was later reported the DOJ monitored Fox News reporterJames Rosen’s activities by tracking his visits to the State Department, through phone traces, timing of calls and his personal emails. NBC confirmed with the Justice Department that Holder had personally signed off on the Rosen subpoenas.
10) 

ARTICLES OF IMPEACHMENT AGAINST

On November 14, 2013, Representative Pete Olson (R-TX), along with 19 Republicans, introduced an Articles of Impeachment resolution against Holder for his role in Operation Fast and Furious and other scandals of President Barack Obama’s administration.  As of June 2014, there awere 26 co-sponsors to the bill.
via NPR (National Petroleum Radio / or… National Protection Racket)
Eric Holder Jr., the nation’s first black U.S. attorney general, is preparing to announce his resignation Thursday after a tumultuous tenure marked by civil rights advances, national security threats, reforms to the criminal justice system and 5 1/2 years of fights with Republicans in Congress.
Two sources familiar with the decision tell NPR that Holder, 63, intends to leave the Justice Department as soon as his successor is confirmed, a process that could run through 2014 and even into next year. A former U.S. government official says Holder has been increasingly “adamant” about his desire to leave soon for fear that he otherwise could be locked in to stay for much of the rest of President Obama’s second term.
Holder already is one of the longest-serving members of the Obama Cabinet and ranks as the fourth-longest tenured AG in history. Hundreds of employees waited in lines, stacked three rows deep, in early February 2009 to witness his return to the Justice Department, where he previously worked as a young corruption prosecutor and as deputy attorney general — the second in command — during the Clinton administration.
But some of that early glow faded in part due to the politicized nature of the job and in part because of Holder’s own rhetoric, such as a 2009 Black History Month speech where he said the country was “a nation of cowards” when it comes to discussions about racial tension.
Five years later, violence erupted between police and protesters in Ferguson, Mo., after a white policeman killed an unarmed black 18-year-old. And this time, the White House dispatched Holder to speak his piece, in effect jump-starting that conversation and helping to settle nerves in the frayed community.
Another huge controversy — over his decision to try the Sept. 11 plotters in a New York courthouse in the shadow of the Twin Towers of the World Trade Center — prompted venomous reaction from lawmakers, New York City officials and some victims’ families.
Under pressure that threatened his job and his legacy, the attorney general reversed his decision and instead sent the cases to military court — where they continue to languish even as Osama bin Laden’s son-in-law and other terrorism defendants are serving life sentences in maximum-security prisons on American soil.
Holder most wants to be remembered for his record on civil rights: refusing to defend a law that defined marriage as between one man and one woman; suing North Carolina and Texas over voting restrictions that disproportionately affect minorities and the elderly; launching 20 investigations of abuses by local police departments; and using his bully pulpit to lobby Congress to reduce prison sentences for nonviolent drug crimes. Many of those sentences disproportionately hurt minority communities.
And then there’s his relationship with Congress. From the day Holder’s nomination was announced, Republicans led by Sen. Mitch McConnell, R-Ky., signaled that he would be a political lightning rod.
The attorney general’s portfolio, which spans sensitive law enforcement cases and hot-button social issues including marijuana and gay marriage, didn’t help. But even longtime aides say Holder didn’t do enough to help himself by shrugging off preparations and moot sessions before congressional appearances and speaking off the cuff — and obliquely.
Things hit a crisis point when the GOP-led House voted him in contempt for refusing to hand over documents about a gun trafficking scandal known as Fast and Furious. That represented the first time an attorney general had ever been rebuked that way, but still Holder held on to his job.
In the end, the decision to leave was Holder’s alone — the two sources tell NPR that the White House would have been happy to have him stay a full eight years and to avoid what could be a contentious nomination fight for his successor. Holder and Obama discussed his departure several times and finalized things in a long meeting over Labor Day weekend at the White House.
The attorney general told DOJ staff the news this morning and has called civil rights icon Rep. John Lewis, D-Ga., and Ethel Kennedy, the widow of former AG Robert F. Kennedy.
The sources say a leading candidate for that job is Solicitor General Don Verrilli, the administration’s top representative to the Supreme Court and a lawyer whose judgment and discretion are prized in both DOJ and the White House.
Friends and former colleagues say Holder has made no decisions about his next professional perch, but they say it would be no surprise if he returned to the law firm Covington & Burling, where he spent years representing corporate clients.
The friends say Holder is also considering donating his papers to a university in Washington, D.C., or his native New York, where he could establish a civil rights center to work more on law enforcement interactions with communities of color and host public forums on those issues.
Even though the attorney general has his eyes on the door, the two sources say several more policy and enforcement initiatives are underway and could be announced soon.
For instance, Holder sent a memo to U.S. attorneys Wednesday urging them not to use sentencing enhancements known as “851” tools to gain leverage in plea negotiations with defendants — in essence, threatening defendants into avoiding trial with huge amounts of prison time. The practice has been criticized by U.S. District Judge John Gleeson in Brooklyn and other jurists.
Holder is also expected to notify federal prosecutors in coming days that the Justice Department will no longer require defendants who plead guilty to waive their rights to appeal based on ineffective lawyering. Many U.S. attorneys now forgo that practice, but not all.
Long-awaited racial profiling guidelines for federal agents will be released soon, too. Those guidelines will make clear that sexual orientation, ethnicity and religion are not legitimate bases for law enforcement suspicion, but controversial mapping of certain communities — including Muslim Americans — would still be allowed for national security investigations, one of the sources said.
What Should We Do?  Arrest the SOB!






Wednesday, September 24, 2014

Keiser Report - 655 - Drought and Cold, Hungry and in the Dark

Published on Sep 18, 2014
In this episode of the Keiser
Report, Max Keiser and Stacy Herbert discuss how only those who can
leave behind everything that they ever believed in can hope to escape
the coming desperation. From buying water to keeping your plants green
in a drought, to fracking for natural gas at a loss, however, it appears
very few are willing to leave behind all that they believe. In the
second half, Max interviews Bill Powers, author of “Cold, Hungry and in
the Dark: Exploding the Natural Gas Supply Myth,” about the zero percent
interest rate that keep people in the dark on the high costs of
fracking and the coming 70s style energy crisis due to growing demand
based on fundamental lies.



Imperialist Obama is a war criminal – Bolivian President Evo Morales

David Rockefeller speaks about population control.

When your gods of business talk lik
e this, what do you think they mean?

Driverless Audi A7 to hit streets of California







Published on Sep 19, 2014
California’s law allowing street
trials of driverless vehicles goes into effect this week, with an
autonomous Audi A7 having the honor of being the first vehicle to hit
the road for testing. Researchers estimate that by 2025, manufacturers
will be producing at least 230,000 autonomous vehicles yearly, with most
of the major auto makers hoping to have publically available driverless
vehicles by 2020. RT’s Lindsay France takes a look at the law and the
hopes of the industry.

- Note the insurance implications.  

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Thursday, September 18, 2014

Plateau of Permanent Addiction to Monetary Liquidity Injections


Here is one chart that should put everything in perspective, and explain why the world has reached a plateau of permanent addiction to monetary liquidity injections, and why nothing else matters.
Source: "JPM

US Households Are Not "Deleveraging" - They Are Simply Defaulting In Bulk

From Zerohedge:

Lately there has been an amusing and very spurious, not to mention wrong, argument among both the "serious media" and the various tabloids, that US households have delevered to the tune of $1 trillion, primarily as a result of mortgage debt reductions (not to be confused with total consumer debt which month after month hits new record highs, primarily due to soaring student and GM auto loans). The implication here is that unlike in year past, US households are finally doing the responsible thing and are actively deleveraging of their own free will. This couldn't be further from the truth, and to put baseless rumors of this nature to rest once and for all, below we have compiled a simple chart using the NY Fed's own data, showing the total change in mortgage debt, and what portion of it is due to discharges (aka defaults) of 1st and 2nd lien debt. In a nutshell: based on NYFed calculations, there has been $800 billion in mortgage debt deleveraging since the end of 2007. This has been due to $1.2 trillion in discharges (the amount is greater than the total first lien mortgages, due to the increasing use of HELOCs and 2nd lien mortgages before the housing bubble popped).
In other words, instead of actual responsible behavior of paying down debt, the primary if not only reason there has been any "deleveraging" at all at the US household level, is because of excess debt which became insurmountablenot because it was being paid down, the result of which is that more and more Americans are simply handing their keys in to the bank and walking away, and also explains why the US banking system is now practicing Foreclosure Stuffing, as defined first here, as the banks know too well, if all the housing inventory which is currently in the default pipeline were unleashed, it would rip off any floor below the US housing "recovery" which is not a recovery at all, but merely a subsidized bounce, as millions of units are held on the banks' books in hopes that what limited inventory there is gets bid up so high the second housing bubble can be inflated before the first one has even fully burst.
Naturally, two concurrent housing bubbles can not happen, Bernanke's fondest wishes to the contrary notwithstanding, especially since as shown above, US households do not delever unless they actually file for bankruptcy, and in the process destroy their credit rating for years, making them ineligible for future debt for at least five years. It is thus safe to say that all the other increasingly poorer US households (who arenot getting paid more as we showed this morning with the chart showing Y/Y change in US household earnings) are merely adding on more and more debt in hopes of going out in a bankrupt blaze of glory just like everyone else: from their neighbors, to all "developed world" governments.
And why not: after all this behavior is being endorsed by the Fed with both hands and feet.
Source: NY Fed

Obama is deploying nearly 3,000 military personnel to West Africa to spread the Ebola virus



Because he wants to save the world right? Seems like an awefully foolish thing to do. He is increasing the risk of spreading the disease to American troops. But don't worry, between Obamacare and the latest and greatest from #BigPharma, I am sure we'll all be just fine...



It's Official: #ISIS is now also an oil cartel


From Zerohedge:

We recently explained how ISIS remains so well funded but what was unclear was who exactly what purchasing their 'recently-provisioned' oil reserves? The assumption being some desperate third-world nation or some scheming offshore hedge-fund arbitrageur; however, as Sott.net reports, a senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group. The official declined to disclose any names but Turkey remains a front-runner (having already shunned President Obama) and potentially France (after their recent anti-Petrodollar comments).

As The Daily Signal's Kelsey Harkness ( @kelseyjharkness ) notes,
According to the Iraq Energy Institute, an independent, nonprofit policy organization focused on Iraq’s energy sector, the army of radical Islamists controls production of 30,000 barrels of oil a day in Iraq and 50,000 barrels in Syria.


And now we know who is buying... (as Sott.net reports)
A senior European Union official has revealed that some EU member states have purchased oil from ISIL Takfiri militants despite their rhetoric against the group.

In a briefing to the European Parliament Foreign Affairs Committee, EU Ambassador to Iraq Jana Hybas-kova said some European countries have purchased crude from the ISIL.

She, however, refused to disclose any names despite pressure by some Parliament members to do so.

The EU official also warned against any support by the West for separatist Kurdish groups who, she said, would destabilize the Middle East.

Earlier reports accused Turkey of buying and transporting oil from both the ISIL and Qaeda-linked Nusra Front. According to the reports, Western intelligence agencies could track ISIL oil shipments as they moved across Iraq and Turkey.

ISIL reportedly controls eleven oil fields in northern Iraq as well as Syria's Raqqa province.

US intelligence officials estimate that the Takfiri militants earn more than USD 3 million a day from oil profit, theft, human trafficking and ransom. They say the militants sell oil and other products via established networks in Turkey, Jordan and Iraq's Kurdistan region. ?Turkey has denied reports of involvement in ISIL's oil smuggling operations.
*  *  *

There are plenty of things to worry about these days


From Zerohedge:

There are plenty of things to worry about these days. A cursory look through today’s (13 Sep 14) drudgereport.com sets the tone: the Pope says WWIII is underway; a senior Democrat accuses the Republicans of endangering civilization; drones are invading the privacy of citizens; militias are blocking traffic in the Mexican border; Feds run a US$589 billion budget deficit; the UK might fall apart; the Ebola epidemic is getting serious in Africa; a mystery virus spreads to NY and CT (and we could not resist adding this one: Hillary Clinton is doing yoga).
With all of this in our minds it is easy to forget, or at least put in proper context, the extraordinary progress that mankind has achieved over the centuries against remarkable odds. World population has steadily increased, proving Malthus wrong. Serious diseases like polio and smallpox, which affected even monarchs and presidents over the centuries, have been eradicated. We can crisscross the planet in less than 24 hours and put satellites in deep space. The baby boomers and their offspring are the most prosperous generations the world has ever seen.
This shows that with enough intelligence, political will, common sense and perseverance most challenges we face as a species can be overcome. This should provide a decent amount of hope that we can tackle whatever we are facing right now.
So why worry?
Well, what will happen if we start losing those qualities and values as a global society? Which is why we believe that the following graphs are the scariest in the world today:
WORLD IQ LEVEL OVER TIME


Source: MailOnline, University of Hartford.

INDEX OF MILITARY EXPENDITURES OVER TIME (1950 = 100)(a)


Source: SIPRI.
(a) Based on NATO expenditures (in 2011 constant US$), the longest data series publicly available.
The average world citizen is getting dumber while our means of doing harm are increasing. This trend is clearly not our friend.
Consider the following.
Countries around the world today spend over US$1.7 trillion on weaponry - more than the total global investment in energy supply. Beyond the manufacturers and suppliers downstream, this produces zero economic benefits (weapons become obsolete very quickly and do not generate any returns; on the contrary as, well, they blow stuff up) and the associated costs add to already bloated government debt levels. And that’s US$1.7 trillion less available each year to improve world education, food and fuel availability, the environment and shifting global demographics, all critical issues of the 21st century.
Also concerning is the fact that control over these weapons can be quickly lost, creating the prospect of blowbacks, never ending conflicts and major tragedies.
Prior to 1991, the Soviet Union had more than 27,000 nuclear warheads and plenty of weapons-grade uranium and plutonium to triple that number. While there have been no confirmed reports of missing or stolen former-Soviet nuclear weapons (astonishing given all the political and economic turmoil since then), there is ample evidence of a significant black market in nuclear materials. How long before someone in that rapidly expanding pool of idiots gets a hold of some is anybody’s guess.
Note: accidents can happen as well, adding to the unease of handling this type of firepower. For instance, in 1961, a B-52 carrying two nuclear bombs broke up in mid-air, dropping its nuclear payload very close to Goldsboro in North Carolina. Five of the six fuses designed to prevent a detonation failed in one of the bombs, with only the last one averting a nuclear explosion. That was an unbelievable close call.
And now turmoil is spreading across the Middle East yet again. With all the conflict going on, anyone showing up and volunteering to fight for one of the sides will be given free food and weapons, courtesy of the associated regional and international powers. Will those weapons stay there, concerning as that might already be for local populations, or will they be used elsewhere, even if the conflict is contained or resolved? As we all know fundamentalists – probably the most idiotic of the bunch – are ready to do anything.
Humanity cannot risk its future falling into the hands of increasingly lethal buffoons. The stakes are just too high now. Hopefully our leaders are paying attention, but this should concern us all. Let’s try to be smart about it – while the smart is still going.

Massive climate action march to rock NYC #climate2014

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You need to look up "weather modification" and "solar radiation management". It's not HUMANS that are affecting #climatechange. It's the SUN stupid.

Help Obama Kickstart World War III

Be a trendy Google, Facebook loving Obama supporter and you'll get to wear your mark of the beast in a brand new cool looking Apple iWatch, which can be synchronized with your Google Glass and all your Google and Apple products whether you like it or not.

Just pay your taxes and watch TV so Obama can continue executing a plan that was laid out years ago, even before 9/11/2001.




Sunday, September 14, 2014

Will a YES in Scotland be a Black Swan to Global Banksters? #IndyRef

Is Scotland's vote for freedom on Thursday, Sept. 18 really a "black swan" event?


We're with you Scotland! Break free and perhaps the rest of the world will join you.  The banksters may blame the coming war and depression on your actions but their gig has been up for a long time.

September 11, 1989; East Germans Flee as Soviet Union Crumbled



Early in September 1989 about 15,000 people from the then German Democratic Republic (East Germany) had traveled to Hungary in the hope of being allowed to travel onwards, through Austria, to the Federal Repbulic of Germany (West Germany). (At the time it was very difficult for East Germans to get permission to travel to the West, but travel to other Eastern Bloc countries was much easier). The Hungarian government was embarrassed by the influx of refugees from East Germany and on 11 September 1989 it opened its border with Austria permanently, and amid much media publicity, the East Germans in Hungary traveled on to West Germany. In effect, the Hungarian government lifted (or breached) the Iron Curtain separating the Eastern Bloc from the rest of Europe. For East Germany and the other Soviet satellite states it was the beginning of the end. Before 1989 was over, all the East European dictators outside the Soviet Union had been overthrown.

FAMILY GUY - Boston Marathon and Robin Williams Predictive Programming

This is very impressive! Odd conspiracy theory tin foil hat wearing material to be sure.  But, can you deny the coincidences?


The Truth About John McCain American Traitor

Should it be any surprise to anyone that John McCain kisses Obama's ass
with every move he makes, that he refuses to close our borders or to
protect the American people? John McCain has a proven track record of
treason against the United States of America, her military forces and
and the men this gutless yellow coward turned against and abandoned in
Vietnam. If we want to heal America we must first remove, through the
voting booth, it's diseases.




Why 9-11 Truth Matters So Much #Uncover911

Why do so many people spend countless hours, months, years of their lives researching and investigating the attacks of 9/11? Because there is a lesson to be learned, because we were attacked, because there was a cover up, because we've since engaged in 13 years of war and terror around the world, and because it appears the blowback from previous foreign policy fuckups is now threatening us with a yet another decade of war. 

And the United States do not have the money to fight senseless wars.  The global ponzi scheme of the Federal Reserve Note and the U.S. petrodollar is at the end.  The BRICS nations, Brazil, Russia, India, China, South Africa, are being joined by dozens of other nations eager to get off the U.S. dollar for international trade.  We've burned all the bridges.  We've spent all the good will from World War II.  It's time the truth come out and the ultimate regime change to occur.



The Covert Origins of ISIS



Amazing coincidence that the Mossad's official name is ISIS?  

Biden Delivers Fiery ISIS Remarks: We Will ‘Follow Them to the Gates of Hell!’

Is this the attitude you want from your vice president?

U.S. Vice President says: We Will Follow ISIS ‘To The Gates Of Hell’. ISIS destined for 'gates of hell'. Joe Biden vows: Hell Is Where Islamic State Will Reside!






WASHINGTON (CBSDC/AP) — Vice President Joe Biden says the United States will follow the Islamic State of Iraq and Syria terror group to the “gates of hell.”
Speaking in Portsmouth, New Hampshire, Biden minced no words on how the U.S. will respond.
“We will follow them to the gates of hell until they are brought to justice because hell is where they will reside,” Biden said.
The vice president added: “If they think the American people will be intimidated, they don’t know us very well.”
During a press conference in Estonia on Wednesday, President Barack Obama said that the United States will not be intimidated by ISIS and that a coalition will be built to “degrade and destroy” the group.
Obama still did not give a timeline for deciding on a strategy to go after the extremist group’s operations in Syria. “It’s going to take time for us to be able to roll them back,” the president said at a news conference during a visit to Europe.
Obama vowed the U.S. would not forget the “terrible crime against these two fine young men.”
“We will not be intimidated. Their horrific acts only unite us as a country and stiffen our resolve to take the fight against these terrorists,” Obama said. “And those who make the mistake of harming Americans will learn that we will not forget, and that our reach is long and that justice will be served.”
Separately, Secretary of State John Kerry said in a statement: “Barbarity, sadly, isn’t new to our world. Neither is evil.”
Obama also sought to clean up the damage from his statement last week that “we don’t have a strategy yet” for dealing with the Islamic State group in Syria. Republicans quickly seized on the remark to argue the president lacks a coherent approach to fighting the extremist group.
“It is very important from my perspective that when we send our pilots in to do a job, that we know that this is a mission that’s going to work, that we’re very clear on what our objectives are, what our targets are,” Obamasaid. “We’ve made the case to Congress and we’ve made the case to the American people, and we’ve got allies behind us so that it’s not just a one-off, but it’s something that over time is going to be effective.”
Obama responded that the airstrikes have been effective in blunting the militant threat and he will continue to battle the “barbaric and ultimately empty vision” that the Islamic State represents. He said he will be consulting with NATO allies at a summit in Wales Thursday and Friday on a strategy to combat the Islamic State and other militant networks that arise.


For more on where ISIS really originates and what their purpose really is, watch "The Covert Origins of ISIS"