#ClimateDebate #Officially #SlamDunked!

https://www.youtube.com/channel/UC0lxPN0wKIyurUwY1Ej9iMg

Climate Change Debate Sept 2014 Australia Part 2

30-300% Inflation on Goods You Buy Since 2000

Submitted by Charles Hugh-Smith of OfTwoMinds blog,

We're being hit with a double-whammy: Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure.

As correspondent Mark G. observed in Globalization = Permanent Instability, it's impossible to understand inflation and deflation now except in a global context.

Now that prices for commodities such as oil and grain are set on the global market, local surpluses don't push prices down. If North America has record harvests of grain, on a national basis we'd expect prices to fall as local supply exceeds local demand.
 

But since grain is tradable, i.e. it can be shipped to other markets where demand and thus prices are much higher, the price in North America reflects supply and demand everywhere on the planet, not just in North America.
 

If we put ourselves in the shoes of a farmer or grain wholesaler, this is a boon: why sell your product for 1X locally, when it fetches 2X in other countries? You'd be crazy not to put it on a boat and get double the price elsewhere.
 

As the share of the economy exposed to digitization increases, so does the share of work that can be done anywhere on the planet. When work is digitized, it is effectively commoditized, meaning that it no longer matters who performs the work or where they live.
 

If people in countries with low wages can perform the work, why on Earth would you pay double to have high-wage people do the work? It makes no sense. Taking advantage of the differences in local pay scales is called labor arbitrage, as the employer is trading on (i.e. arbitraging) two sets of prices.
 

It's not just labor that can be arbitraged: currency, interest rates, risk, environmental regulations, commodities--huge swaths of the global economy can be arbitraged.
 

The basic idea of the global carry trade is to borrow money cheaply in a currency that's weakening and use the money to buy low-risk, high-yield assets in currencies that are gaining in relative value.

It's a slam dunk arbitrage: not only does the trader earn an essentially free return (borrowing yen at 1%, for example, converting the yen to dollars and buying Treasury bonds paying 3%), but there is a bonus yield on the dollar strengthening against the yen: a two-fer return.
 

Global labor is in over-supply--one reason why wages in the U.S. have been declining in real terms, i.e. when inflation is factored in. The better description is purchasing power: how much can your paycheck buy?
 

Here is a chart reflecting the decline in purchasing power of U.S. earnings since 2006:
 

Courtesy of David Stockman, here is a chart of inflation (i.e. loss of purchasing power) since 2000:
 

Whatever isn't tradable can skyrocket in cost because, well, it can--since there's little competition in healthcare and school districts, both of which operate as quasi-monopolies, school administrators can skim $600,000 a year: Fired school leaders get big payouts:
 

A former Union City, CA superintendent took home more than $600,000 last year, making her the top earner on a new online database tracking salary and benefit information for California public school employees.
 

Since healthcare is only tradable at the margins, for example, medical tourism, where Americans travel abroad to take advantage of treatments that are 20% the cost of the same care in the U.S., healthcare costs can rise 500% when measured as a percentage of wages devoted to healthcare:
 

Note that this doesn't mean that healthcare costs rose along with wages--it means a larger share of our earnings is going to healthcare than ever before. Other than a brief period in the 1990s when productivity gains drove wages higher, healthcare costs have risen faster than earnings every decade. The consequence is simple: the more of our earnings that go to healthcare, the less there is for savings, investments and other spending.
 

In a way, we're being hit with a double-whammy: whatever can't be traded, such as the local school district and hospital, can charge outrageous fees and pay insiders outrageous sums for gross incompetence, while whatever can be traded can go up in price based on demand and currency fluctuations elsewhere.
 

Meanwhile, as labor is in over-supply virtually everywhere, wages are declining when measured in purchasing power. Wages are under deflationary pressure, and almost everything else is exposed to inflationary pressure. No wonder we feel poorer: most of are poorer.

re: inflation, #auditthefed, #ENDTHEFED

BOMBSHELL! Ex-CIA Asset Susan Lindauer on Israel, 9/11, and Disastrous US Foreign Policy

BOMBSHELL! Ex-CIA Asset Susan Lindauer on Israel, 9/11, and Disastrous US Foreign Policy http://t.co/hhlBPOO3fC pic.twitter.com/VRrJ1FnGCl
— #RandomCoincidences (@TwistedPolitix) October 30, 2014

As a U.S. Intelligence Asset, Susan Lindauer covered anti-terrorism at
the Iraqi Embassy in New York from 1996 up to the invasion. Independent
sources have confirmed that she gave advance warning about the 9/11
attack. She also started talks for the Lockerbie Trial with Libyan
diplomats. Shortly after requesting to testify before Congress about
successful elements of Pre-War Intelligence, Lindauer became one of the
first non-Arab Americans arrested on the Patriot Act as an “Iraqi
Agent.” She was accused of warning her second cousin, White House Chief
of Staff Andrew Card and Secretary of State Colin Powell that War with
Iraq would have catastrophic consequences. Gratis of the Patriot Act,
her indictment was loaded with “secret charges” and “secret evidence.”
She was subjected to one year in prison on Carswell Air Force Base in
Fort Worth, Texas without a trial or hearing, and threatened with
indefinite detention and forcible drugging to shut her up. After five
years of indictment without a conviction or guilty plea, the Justice
Department dismissed all charges five days before President Obama’s
inauguration. In the first hour, Susan shares her story as a former CIA
asset and provides inside knowledge of the Middle East conflict. We’ll
talk about America’s meddling in the Middle East and what they’re
creating. Later, Susan talks about the US Congress as Israel’s arm chair
warriors in Washington. Everything comes back to Israel. Additionally,
we discuss the important question of who was behind 911. She’ll tell
what happened months before the event. In the second hour, Susan
continues on her prosecution, detailing what happened when the judge
ruled her mentally unfit for trial, thwarting her from speaking the
truth and presenting evidence in court. She also comments on those who
are suspicious of her story. Then, we’ll speak more about the 911
magician trick. Later, we discuss blowback created by the US government
as the descent of American empire.

Ebola is a Government Bioweapon: Professor and Doctor Francis A. Boyle

WORLD JUDICIAL COMMISSION

Francis Boyle, Coordinator

Francis A. Boyle is a leading American professor, practitioner and advocate of international law. He was responsible for drafting the Biological Weapons Anti-Terrorism Act of 1989, the American implementing legislation for the 1972 Biological Weapons Convention. He served on the Board of Directors of Amnesty International (1988-1992), and represented Bosnia- Herzegovina at the World Court. Professor Boyle teaches international law at the University of Illinois, Champaign. He holds a Doctor of Law Magna Cum Laude as well as a Ph.D. in Political Science, both from Harvard University.

Why is This Ebola Pandemic in West Africa so Virulent and Hard to Contain?
Fri, 10/24/2014 - 13:35
by:  Dave Lindorff

International law professor Francis Boyle is not just an expert on germ warfare. He wrote the book on it (Biowarfare and Terrorism, Clarity Press, 2005). But Boyle also drafted the US Biological Weapons and Anti-Terrorism Act, passed unanimously by both houses of Congress and signed into law by President George H.W. Bush in 1989. That's important, because as Boyle tells Dave Lindorff, host of the Progressive Radio Network program "This Can't Be Happening!" associated with this news site, the Ebola epidemic that is wracking countries in west Africa, is a product of US three BSL-4 level bio-weapons labs that operate in Liberia, Guinea and Sierra Leone.

Boyle says that his research shows that the Pentagon, the Center for Disease Control (CDC) and the National Institutes of Health (NIH) have for years been developing weaponized Ebola virus variants and other dread diseases, using genetic modification techniques -- including even merging Ebola germs with the virus for the common cold!. He also says that the initial outbreak of Ebola in west Africa occurred in the environs of one of those US bio-weapons labs located in Kenema, Sierra Leone, a situation which led the government of that country to actually shut down the US-owned facility.

Why, you might ask, would the US, which with the passage of the 1989 law banning bio-weapons research, put the US in compliance with the Biological Weapons Geneva Convention banning germ warfare, be then setting up and germ warfare labs in African countries? Boyle explains that Liberia, a former US colony still dominated by the US, and Guinea, are conveniently not signatories of the convention.
Boyle points that the particular strain of the disease that has struck in west Africa is Zaire Ebola, which occurs naturally in Zaire, a full 2200 miles away. He calls official reports claiming it may have come from bats in the West African jungle "twaddle," and says that the virus could not, on its own, have jumped from a non-outbreak in Zaire to cause an outbreak in west Africa.

On the same program, during the second half of the one-hour, TCBH!'s own Linn Washington talks about how the state of Pennsylvania has passed, with no debate, a law that bars the state's prisoners -- both inmates and those who have completed their jail sentences and returned to society -- from talking or writing about their cases if a "victim" of their crime complains to a state or county prosecutor that doing so is causing that person "mental anguish."

Ft. Detrick, MD, the US military's main site for researching germ warfare. Attorney Frances Boyle says the US uses the excuse of needing to produce weaponized viruses in order to create vaccines for them as a way to continue developing ever more dangerous bio-weapons, like the virulent Ebola strain now decimating west African communities.

To hear Professor Boyle's full half-hour interview, as broadcast this past Wednesday on PRN.fm, please click here.

Francis A. Boyle: Ebola is Weaponized by Govt

US Government Is Lying To Public About Ebola

Donald Rumsfeld Announces $2.3 Trillion Dollars Unaccounted For in Pentagon Budget

Bio Weapons Expert Ebola Outbreak Is A Bio Weapon Release

ISIS Chlorine Gas Attack on Iraqi Police - Webster Tarpley (World Crisis...

Jim Carrey "I'm a Senior Member of the Illuminati" - Dressed as Baphomet...

Jim Hightower on Corruption

In Cold War, U.S. Spy Agencies Used 1,000 Nazis

What a story! From #ConspiracyTheory to #PublicRecord on the @NYTimes @DaveRushton3 @bitty31985 @firemanjohn628 @PlzThinkAboutIt
— #ResistanceIsVictory (@TwistedPolitix) October 27, 2014

Twenty-four European banks fail financial stress tests

Twenty-four European banks fail financial stress tests http://t.co/FIq9DhTMBD
— The Guardian (@guardian) October 27, 2014

Artificial Intelligence is "Summoning a Demon" Says Tesla CEO Elon Musk

Building Artificial Intelligence is "Summoning a Demon" Says Tesla CEO Elon Musk

For more on this topic, search this blog and Twitter, Searchpage, etc for #Transhumanism, #AI, or #HighTech



The Rise of Artificial Intelligence, Transhumanism, Cybernetics, and Skynet

Obama's New Re-education Program Begins with the Interface Between Man and Machine

Scientist predicts new human species will emerge in 30 years #transhumanism

BOMBSHELL! Michael Brown Autopsy Decimates CNN's Racist Narrative

What we need now are calms minds and peaceful negotiations, not divisional rhetoric.  

The destruction of local business property does nothing to improve the cause that has gathered the eyes of Americans on Ferguson.

We need to respect the judgement of the courts after demanding full disclosure.

Then when this is all over, we can get back to healing a nation of empire that is doing at home what it has done abroad.

Shortly after 9pmET last night, prosecutors relayed the grand jury's decision not to charge white Ferguson Police officer Darren Wilson over the death of black teenager Michael Brown... and all hell broke loose...

And finally... Michael Brown's mother...

Sad...

Source: Bloomberg

Fed: US rich-poor gap at highest level since 1800s

The Big Four that Rule the World: State Street, Vanguard, BlackRock and Fidelity

From 4th Media

The Large Families that rule the world. Some people have started realizing that there are large financial groups that dominate the world. Forget the political intrigues, conflicts, revolutions and wars. It is not pure chance. Everything has been planned for a long time.

Some call it “conspiracy theories” or New World Order. Anyway, the key to understanding the current political and economic events is a restricted core of families who have accumulated more wealth and power.

We are speaking of 6, 8 or maybe 12 families who truly dominate the world. Know that it is a mystery difficult to unravel.

We will not be far from the truth by citing Goldman Sachs, Rockefellers, Loebs Kuh and Lehmans in New York, the Rothschilds of Paris and London, the Warburgs of Hamburg, Paris and Lazards Israel Moses Seifs Rome.

Many people have heard of the Bilderberg Group, Illuminati or the Trilateral Commission. But what are the names of the families who run the world and have control of states and international organizations like the UN, NATO or the IMF?

To try to answer this question, we can start with the easiest: inventory, the world’s largest banks, and see who the shareholders are and who make the decisions.

The world’s largest companies are now: Bank of America, JP Morgan, Citigroup, Wells Fargo, Goldman Sachs and Morgan Stanley.

Let us now review who their shareholders are.

Bank of America:

State Street Corporation, Vanguard Group, BlackRock, FMR (Fidelity), Paulson, JP Morgan, T. Rowe, Capital World Investors, AXA, Bank of NY, Mellon.

JP Morgan:

State Street Corp., Vanguard Group, FMR, BlackRock, T. Rowe, AXA, Capital World Investor, Capital Research Global Investor, Northern Trust Corp. and Bank of Mellon.

Citigroup:

State Street Corporation, Vanguard Group, BlackRock, Paulson, FMR, Capital World Investor, JP Morgan, Northern Trust Corporation, Fairhome Capital Mgmt and Bank of NY Mellon.

Wells Fargo:

Berkshire Hathaway, FMR, State Street, Vanguard Group, Capital World Investors, BlackRock, Wellington Mgmt, AXA, T. Rowe and Davis Selected Advisers.

We can see that now there appears to be a nucleus present in all banks: State Street Corporation, Vanguard Group, BlackRock and FMR (Fidelity).

To avoid repeating them, we will now call them the “big four”

Goldman Sachs:

“The big four,” Wellington, Capital World Investors, AXA, Massachusetts Financial Service and T. Rowe.

Morgan Stanley:

“The big four,” Mitsubishi UFJ, Franklin Resources, AXA, T. Rowe, Bank of NY Mellon e Jennison Associates. Rowe, Bank of NY Mellon and Jennison Associates.

We can just about always verify the names of major shareholders. To go further, we can now try to find out the shareholders of these companies and shareholders of major banks worldwide.

Bank of NY Mellon:

Davis Selected, Massachusetts Financial Services, Capital Research Global Investor, Dodge, Cox, Southeatern Asset Mgmt. and … “The big four.”

State Street Corporation (one of the “big four”):

Massachusetts Financial Services, Capital Research Global Investor, Barrow Hanley, GE, Putnam Investment and … The “big four” (shareholders themselves!).

BlackRock (another of the “big four”):

PNC, Barclays e CIC.

Who is behind the PNC? FMR (Fidelity), BlackRock, State Street, etc.

And behind Barclays? BlackRock

And we could go on for hours, passing by tax havens in the Cayman Islands, Monaco or the legal domicile of Shell companies in Liechtenstein. A network where companies are always the same, but never a name of a family.

In short: the eight largest U.S. financial companies (JP Morgan, Wells Fargo, Bank of America, Citigroup, Goldman Sachs, U.S. Bancorp, Bank of New York Mellon and Morgan Stanley) are 100% controlled by ten shareholders and we have four companies always present in all decisions: BlackRock, State Street, Vanguard and Fidelity.

In addition, the Federal Reserve is comprised of 12 banks, represented by a board of seven people, which comprises representatives of the “big four,” which in turn are present in all other entities.

In short, the Federal Reserve is controlled by four large private companies: BlackRock, State Street, Vanguard and Fidelity. These companies control U.S. monetary policy (and world) without any control or “democratic” choice. These companies launched and participated in the current worldwide economic crisis and managed to become even more enriched.

To finish, a look at some of the companies controlled by this “big four” group

• Alcoa Inc.
• Altria Group Inc.
• American International Group Inc.
• AT&T Inc.
• Boeing Co.
• Caterpillar Inc.
• Coca-Cola Co.
• DuPont & Co.
• Exxon Mobil Corp.
• General Electric Co.
• General Motors Corporation
• Hewlett-Packard Co.
• Home Depot Inc.
• Honeywell International Inc.
• Intel Corp.
• International Business Machines Corp
• Johnson & Johnson
• JP Morgan Chase & Co.
• McDonald’s Corp.
• Merck & Co. Inc.
• Microsoft Corp.
• 3M Co.
• Pfizer Inc.
• Procter & Gamble Co.
• United Technologies Corp.
• Verizon Communications Inc.
• Wal-Mart Stores Inc.
• Time Warner
• Walt Disney
• Viacom
• News Corporation
• CBS Corporation
• NBC Universal

The same “big four” control the vast majority of European companies counted on the stock exchange. In addition, all these people run the large financial institutions, such as the IMF, the European Central Bank or the World Bank, and were “trained” and remain “employees” of the “big four” that formed them. The names of the families that control the “big four”, never appear.

For more on the specific families that are behind these institutions, read "Big Oil and Their Bankers in the Persian Gulf" by Dean Henderson.

If you would like the original scientific study about the network that rules the world, look here.

Permanent Damage Has Been Done to the American Economy

From 4th Media

The last major wave of the economic collapse did a colossal amount of damage to our economic foundations, and now the next major wave of the economic collapse is rapidly approaching. 

#1 EmploymentThe mainstream media is constantly telling us about the “employment recovery” that is happening in the United States, but the truth is that it is just an illusion.  As the chart below demonstrates, just prior to the last recession about 63 percent of all working age Americans had a job. During the last wave of the economic collapse, that number dropped to below 59 percent and stayed there for a very long time.  In the past few months we have finally seen the employment-population ratio tick back up to 59 percent, but we are still far, far below where we used to be. To call the tiny little bump at the end of this chart a “recovery” is really an insult to our intelligence… 

 

#2 The Labor Force Participation Rate The percentage of Americans that are either employed or currently looking for a job started to fall during the last recession and it has not stopped falling since then.  The labor force participation rate has now fallen to a 36 year low, and this is a sign of a very, very sick economy… 



 #3 The Inactivity Rate For Men In Their Prime Years Some blame the decline in the labor force participation rate on the aging of our population.  But it isn’t just elderly people that are dropping out of the labor force.  In fact, the inactivity rate for men in their prime working years (25 to 54) continues to rise and is now at the highest level that has ever been 
recorded… 

 

#4 Manufacturing EmployeesOnce upon a time in America, anyone that was reliable and willing to work hard could easily find a manufacturing job somewhere.  But we have stood by and allowed millions upon millions of good paying manufacturing jobs to be shipped out of the country, and now many of our formerly great manufacturing cities have been transformed into ghost towns.  Over the past few years, there has been a slight “recovery”, but we are still well below where we were at just previous to the last recession… 

 

#5 Our Current Account Balance As a nation, we buy far more from the rest of the world than they buy from us.  In other words, we perpetually consume far more wealth than we produce.  This is a recipe for national economic suicide.  Our current account balance soared to obscene levels just prior to the last recession, and now we have almost gotten back to those levels…

  

#6 Existing Home Sales Our economy has never fully recovered from the housing crash of 2007-2008.  As you can see from the chart below, the number of existing home sales is still far below the level that we hit back in 2006.  At this point we are just getting back to the level we were at in 2000, but our population today is far larger than it was back then… 

 

#7 New Home Sales Things are even more dramatic when you look at new home sales.  This is an industry that have been absolutely emasculated.  The number of new home sales in the United States is just a little more than half of what it was back in 2000, and it isn’t even worth comparing to what we experienced during the peak of 2006. 

 

#8 The Monetary Base In a desperate attempt to get the economy going again, the Federal Reserve has been wildly printing money.  It has been so reckless that it is hard to put it into words.  When I look at this chart, the phrase “Weimar Republic” comes to mind…

 

#9 Food Inflation Thankfully, much of the money that the Federal Reserve has been injecting into the system has not made it into the real economy.  But enough of it has gotten into the system to force food prices significantly higher.  For example, my wife went to the store today and paid just a shade under 10 bucks for just four pieces of chicken.  And as you can see from the chart below, food prices have been steadily going up in America for a very long time… 

 

#10 The Velocity Of Money One of the reasons why we have not seen even more inflation is because the velocity of money is extraordinarily low.  In general, when an economy is healthy money tends to flow through the system rapidly.  People are buying and selling and money changes hands frequently.  But when an economy is sick, money tends to stagnate.  And that is exactly what is happening in the United States right now.  In fact, at this point the velocity of the M2 money stock has dropped to the lowest level ever recorded… 



#11 The National Debt As our economic fundamentals have deteriorated, our politicians have attempted to prop up our standard of living by borrowing from the future.  The U.S. national debt is on pace to approximately double during the Obama years, and it increased by more than a trillion dollars in fiscal year 2014 alone.  Despite assurances that “the deficit is under control”, the federal government borrows about a trillion dollars a year to fund new spending in addition to borrowing about 7 trillion dollars to pay off old debt that is coming due.  What we are doing to future generations of Americans is absolutely criminal, and it is just a matter of time before this Ponzi scheme totally collapses… 



 #12 Total Debt Of course it is not just the federal government that is gorging on debt.  When you add up all forms of debt in our society (government, business, consumer, etc.) it comes to a grand total of more than 57 trillion dollars.  This total has more than doubled since the year 2000… 

 

If you know anyone that believes that we are in good economic shape, just show them these charts. The numbers do not lie.  Our economy is sick and it is getting sicker by the day. And of course the next major financial crisis could strike at any time.  U.S. stocks just experienced their worst week in three years, and if cases of Ebola start popping up around the country the fear that would cause could collapse our economy all by itself. The debt-fueled prosperity that we are enjoying today is not real.  We are living on the fumes of our past, and every single day our long-term problems get even worse. 

Anyone with half a brain should be able to see what is coming. Sadly, most Americans will continue to deny the truth until it is far too late. ———
- - A former Washington, D.C., attorney, Michael Snyder