NSA Central to U.S. Assassination Program Posted by:
George Washington Post date:
09/29/2013 - Intelligence Agencies Central In
Assassination Programs Carried out Without Oversight
Karen
Hudes is a graduate of Yale Law School and she worked in the legal department
of the World Bank for more than 20 years. In fact, when she was fired for
blowing the whistle on corruption inside the World Bank, she held the position
of Senior Counsel. She was in a unique position to see exactly how the
global elite rule the world, and the information that she is now revealing to
the public is absolutely stunning. According to Hudes, the elite use a
very tight core of financial institutions and mega-corporations to dominate the
planet. The goal is control. They want all of us enslaved to debt,
they want all of our governments enslaved to debt, and they want all of our
politicians addicted to the huge financial contributions that they funnel into
their campaigns. Since the elite also own all of the big media companies,
the mainstream media never lets us in on the secret that there is something
fundamentally wrong with the way that our system works. (Read More....)
FLASH:
Senate Kills Bill to Fund Gov't...
DEMS VOTE TO KEEP TAX ON MEDICAL EQUIPMENT...
House
GOP: Eliminate subsidies for Congress!
REQUIRE
ADMINISTRATION TO SIGN UP!
CORN:
Will Obama get very mad?
Even
in shutdown, Feds get overtime, comp time, 'Sunday pay'...
Kerry
still going on Tokyo/Bali trip...
Congressman
Shows Obamacare Exchanges Crash Minutes After Launch
Senate
Rejects House Proposal to Avoid Shutdown Hours Before Deadline
Submitted by Tyler Durden on
10/01/2013 - 15:23
While the recent surge in the Baltic Dry
Index was headlined as 'proof' that the global recovery was 'on', China is
back, and every retiree should BTFATH, we
recently noted, all was not at all it seems on the surface of this data.
Fast forward a few days and we have had 2 China PMI misses (notably
disappointing relative to their Flash prints) and now the Baltic Dry has plunged by its most in 11
months over the last 4 days. Of course, we've seen these kind
of ramps and dumps before in the Baltic Dry - though it is odd that we
don't hear the cheerleaders as the price collapses.
Submitted by Tyler Durden on
10/01/2013 - 14:57
We already
noted the apparently 'transitory' weakness in GM's numbers and huge surge
in channel-stuffing; but now the full numbers are in and it is not pretty. The annualized domestic vehicles sales
collapsed (by the most in 29 months) to 11.66 million - it's lowest in 11
months - missing expectations by the most since January 2009.
Stone McCarthy offers some hope that this does not signal "peak
autos" for this cycle as they note, "it would appear that sales
for September were pulled into August due to the extra selling days for August,
stemming from the manner in which the Labor Day weekend fell on the calendar
this year. Recall that August sales were firmer relative to expectations and
now we have September being weaker."
Submitted by Tyler Durden on
10/01/2013 - 14:34
"Obamacare is a
disaster," is the
jumping-off point for David Stockman's latest tirade against the "greatest
expansion to the welfare state in the last 80 years," that was rammed
through congress on a totally partisan vote. In this brief Bloomberg TV clip,
Stockman "understands why the Republicans are willing to hold up
government if they have to," as there is growing intensity of partisanship
and resentment that can only bode ill for debt ceiling discussions... "The Republicans have to take a
stand."
There is an all-out effort to
demonize gun owners in the United States today. Those that own guns are
repeatedly portrayed as being uneducated, mentally deficient racists in the
mainstream media. No evidence is ever produced to actually back up those
claims. Gun owners regularly make lists of “potential terrorists” in official government
documents, and many government officials openly regard them as
ultra-paranoid “conspiracy nuts” that are a serious threat to national
security. Of course the truth is that gun owners are actually among the
most law-abiding and patriotic people in the entire nation, but that doesn’t
really fit with the radical gun control agenda of the progressive elite.
In order to move their agenda forward, they must make gun owners look bad, and
they will go to ridiculous extremes in order to achieve that goal. And to
a certain extent, it is working. As you will see below, some large
financial companies no longer want to conduct business with gun owners, and
just the sight of a gun is enough to get people freaking out and calling the
police in many communities in America today. (Read More.....)
Government
Has Shut Down 18 Times Since 1976 Posted by :
George Washington Post date:
10/01/2013 - Not the End of the World
What
are human workers going to do when super-intelligent robots and computers are
better than us at doing everything?
That is one of the questions that a new study by Dr. Carl Frey and Dr.
Michael Osborne of Oxford University sought to address, and what they concluded
was that 47 percent of all U.S. jobs could be automated within the next 20
years. Considering the fact that the percentage of the U.S. population
that is employed is already far lower than it was a decade ago,
it is frightening to think that tens of millions more jobs could disappear due
to technological advances over the next couple of decades. I have written
extensively about how we are already losing millions of
jobs to super cheap labor on the other side of the globe. What are middle
class families going to do as technology also takes away huge numbers of our
jobs at an ever increasing pace? We live during a period of history when
knowledge is increasing an an exponential rate. In the past, when human
workers were displaced by technology it also created new kinds of jobs that the
world had never seen before. But what happens when the day arrives when
computers and robots can do almost everything more cheaply and more efficiently
than humans can? (Read More....)
Submitted by Tyler Durden on
09/30/2013 - 17:52
US
companies are warning about Q3 earnings at the second highest level since 2001,
with estimates well below what they were just three short months ago. Of
course, the US equity markets don't care - having rallied aggressively in the
face of this collapse; lubricated by multiple-expanding QE and rev. repo. As Reuters
reports, companies
issuing negative outlooks outnumber positive ones by 5.2-to-1,
the most negative since the 6.3-to-1 ratio in the second quarter, when however
the "second half recovery" (which has been once again indefinitely
delayed, perhaps to the third half?) was said would take place momentarily and
lead to another mythical rebound. Industrials, Materials, and Tech top the list
for negative pre-announcements.
Marc Faber Warns “We Have Reached The Endgame Of Monetary Policy”
Zero Hedge | “One day this whole
credit bubble will be deflated very badly – you are going to experience a
complete implosion of all asset prices and the credit system…”
State
and Local Taxes at All Time Highs
Lew Rockwell Blog | I thought
Republicans on the state and local levels were more “conservative” than those
on the national level?
You
are about to read some of the most shocking quotes that Barack Obama has ever
uttered in public. A few of these have been widely circulated, but most
of them are very obscure. Even though he claims to be a Christian,
throughout his political career Obama has repeatedly attacked traditional
Biblical Christianity and he has a very long history of
anti-Christian actions. In public speeches he has repeatedly cast doubt
on the Bible, he has repeatedly stated that he does not believe that Jesus is
necessary for salvation, and he has consistently said that he believes that all
“people of faith” believe in the same God. At the same time, Obama has
always referred to Muhammed as “the Prophet”, he has always expressed great
love and respect for Islam, and he has even removed all references
to Islam from terror training materials used by federal government
agencies. So what in the world does “the leader of the free world”
actually believe? Read the quotes below and (Read More....)
20 Quotes By Barack Obama About Islam
#1 “The future must not belong
to those who slander the Prophet of Islam”
#2 “The sweetest sound I know is
the Muslim call to prayer”
#3 “We will convey our deep
appreciation for the Islamic faith, which has done so much over the centuries
to shape the world — including in my own country.”
#4 “As a student of history, I
also know civilization’s debt to Islam.”
#5 “Islam has a proud tradition
of tolerance.”
#6 “Islam has always been part
of America”
#7 “we will encourage more
Americans to study in Muslim communities”
#8 “These
rituals remind us of the principles that we hold in common, and Islam’s role in
advancing justice, progress, tolerance, and the dignity of all human beings.”
#9 “America and Islam are not
exclusive and need not be in competition. Instead, they overlap, and share
common principles of justice and progress, tolerance and the dignity of all
human beings.”
#10 “I made clear that America
is not – and never will be – at war with Islam.”
#11 “Islam is not part of the
problem in combating violent extremism – it is an important part of promoting
peace.”
#12 “So I
have known Islam on three continents before coming to the region where it was
first revealed”
#13 “In ancient times and in
our times, Muslim communities have been at the forefront of innovation and
education.”
#14 “throughout history, Islam
has demonstrated through words and deeds the possibilities of religious
tolerance and racial equality.”
#15 “Ramadan is a celebration of
a faith known for great diversity and racial equality”
#16 “The Holy Koran tells us,
‘O mankind! We have created you male and a female; and we have made you into
nations and tribes so that you may know one another.’”
#17 “I
look forward to hosting an Iftar dinner celebrating Ramadan here at the White
House later this week, and wish you a blessed month.”
#18 “We’ve seen those results
in generations of Muslim immigrants – farmers and factory workers, helping to
lay the railroads and build our cities, the Muslim innovators who helped build
some of our highest skyscrapers and who helped unlock the secrets of our
universe.”
#19 “That experience guides my
conviction that partnership between America and Islam must be based on what
Islam is, not what it isn’t. And I consider it part of my responsibility as
president of the United States to fight against negative stereotypes of Islam
wherever they appear.”
#20 “I also know that Islam has
always been a part of America’s story.”
20 Quotes By Barack Obama About Christianity
#1
“Whatever we once were, we are no longer a Christian nation”
#2 “We do not consider ourselves a Christian
nation.”
#3 “Which
passages of scripture should guide our public policy? Should we go with
Leviticus, which suggests slavery is OK and that eating shellfish is an
abomination? Or we could go with Deuteronomy, which suggests stoning your
child if he strays from the faith?”
#4 “Even
those who claim the Bible’s inerrancy make distinctions between Scriptural
edicts, sensing that some passages – the Ten Commandments, say, or a belief in
Christ’s divinity – are central to Christian faith, while others are more
culturally specific and may be modified to accommodate modern life.”
#5 “The
American people intuitively understand this, which is why the majority of
Catholics practice birth control and some of those opposed to gay marriage
nevertheless are opposed to a Constitutional amendment to ban it. Religious
leadership need not accept such wisdom in counseling their flocks, but they should
recognize this wisdom in their politics.”
#6 From Obama’s book, The
Audacity of Hope: “I am not willing to have the state deny American citizens
a civil union that confers equivalent rights on such basic matters as hospital
visitation or health insurance coverage simply because the people they love are
of the same sex—nor am I willing to accept a reading of the Bible that
considers an obscure line in Romans to be more defining of Christianity than
the Sermon on the Mount.”
#7 Obama’s
response when asked what his definition of sin is: “Being out of alignment with
my values.”
#8 “If all it took was someone
proclaiming I believe Jesus Christ and that he died for my sins, and that was
all there was to it, people wouldn’t have to keep coming to church, would
they.”
#9 “This is something that I’m
sure I’d have serious debates with my fellow Christians about. I think that the
difficult thing about any religion, including Christianity, is that at some
level there is a call to evangelize and prostelytize. There’s the belief,
certainly in some quarters, that people haven’t embraced Jesus Christ as their
personal savior that they’re going to hell.”
#10 “I find it hard to believe
that my God would consign four-fifths of the world to hell. I can’t
imagine that my God would allow some little Hindu kid in India who never
interacts with the Christian faith to somehow burn for all eternity.
That’s just not part of my religious makeup.”
#11 “I don’t presume to have
knowledge of what happens after I die. But I feel very strongly that whether
the reward is in the here and now or in the hereafter, the aligning myself to
my faith and my values is a good thing.”
#12 “I’ve said this before, and
I know this raises questions in the minds of some evangelicals. I do not
believe that my mother, who never formally embraced Christianity as far as I
know … I do not believe she went to hell.”
#13 “Those opposed to abortion
cannot simply invoke God’s will–they have to explain why abortion violates some
principle that is accessible to people of all faiths.”
#14 On his
support for civil unions for gay couples: “If people find that controversial
then I would just refer them to the Sermon on the Mount.”
#15 “You got into these small
towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs
have been gone now for 25 years and nothing’s replaced them. And they fell
through the Clinton Administration, and the Bush Administration, and each
successive administration has said that somehow these communities are gonna
regenerate and they have not. And it’s not surprising then they get bitter,
they cling to guns or religion or antipathy to people who aren’t like them or
anti-immigrant sentiment or anti-trade sentiment as a way to explain their
frustrations.”
#16 “In our household, the
Bible, the Koran and the Bhagavad Gita sat on the shelf alongside books of
Greek and Norse and African mythology”
#17 “On Easter or Christmas
Day, my mother might drag me to church, just as she dragged me to the Buddhist
temple, the Chinese New Year celebration, the Shinto shrine, and ancient
Hawaiian burial sites.”
#18 “we have Jews, Muslims,
Hindus, atheists, agnostics, Buddhists, and their own path to grace is one that
we have to revere and respect as much as our own”
#19 “All of us have a responsibility
to work for the day when the mothers of Israelis and Palestinians can see their
children grow up without fear; when the Holy Land of the three great faiths is
the place of peace that God intended it to be; when Jerusalem is a secure and
lasting home for Jews and Christians and Muslims, and a place for all of the
children of Abraham to mingle peacefully together as in the story of Isra —
(applause) — as in the story of Isra, when Moses, Jesus, and Mohammed, peace be
upon them, joined in prayer. (Applause.)”
#20 “I
believe that there are many paths to the same place, and that is a belief that
there is a higher power, a belief that we are connected as a people.”
About the author: Michael
T. Snyder is a former Washington D.C. attorney who now publishes The Truth. His new thriller entitled “The
Beginning Of The End” is now available on Amazon.com.
SHOCK:
Black Pastor Shot by Black Man, Killed During Church Service...
Number of
Americans giving up citizenship soars...
Maine
communities contemplate 'neighborhood secession'...
Pelosi
absent for vote...
Senate
Will Reject...
Obama
Will Veto...
'SHUTDOWN'
LOOMS...
Digital
Revolution Rallies Troops...
DELAY
OBAMACARE OR WE WILL SHUT IT DOWN
BOEHNER
MAKES MOVE
Over the past couple of days, we
have witnessed some absolutely horrific examples of Islamic terror groups
specifically targeting Christians and those from other non-Muslim
religions. Sadly, this is not a new phenomenon. Radical Islamic
jihadists are constantly attacking churches and slaughtering Christians all
over the planet. The recent events in Pakistan, Kenya and Egypt may have
taken this persecution to a new level, but this is just the continuation of a
trend that has been building for years. Unfortunately, Barack Obama does
not seem too concerned about Islamic terrorism. In fact, he specifically
directed that “all references to Islam” be
removed from terrorism training materials that the federal government
uses. If that wasn’t bad enough, now Obama is actually supplying weapons
to the radical jihadist rebels that want to take over Syria, and he appears to
be very ready to use the U.S. military to attack the Assad regime directly if
“negotiations” with the Syrian government fail. In essence, Obama wants
the United States to be allies with psychotic jihadists that have the exact
same radical philosophy that those who are killing Christians in Pakistan,
Kenya and Egypt have. (Read More.....)
NSA
Central to U.S. Assassination Program Posted by:
George Washington Post date:
09/29/2013 - Intelligence Agencies Central In
Assassination Programs Carried out Without Oversight
Spy Agencies Are Doing WHAT? Posted by: George Washington Post date: 09/23/2013 - New Revelations Are Breaking Every Day
Revelations about the breathtaking scope of government
spying are coming so fast that it's time for an updated roundup:
The government
is spying on essentially everything
we do. It is not just
"metadata" ... although that is enough
to destroy your privacy
The government has
adopted a secret interpretation of the Patriot Act which allows it to pretend
that "everything"
is relevant ... so it spies on everyone. For example, the NSA
"oversight" court believes the mere
claim that terrorists use the phone system is enough to show that all phone
records are relevant
NSA
whistleblowers say that the NSA collects all of our conversations word-for-word
It's not just
the NSA ... Many other agencies, like the FBI and IRS – concerned only with domestic
issues - spy on Americans as well. The Drug Enforcement Administration has
had direct access to AT&T phone records for 25
years
The information
gained through spying is shared
with federal,
state and local agencies, and they are using that information to prosecute petty
crimes such as drugs and taxes. The agencies are instructed to intentionally
"launder" the information gained through spying, i.e. to pretend
that they got the information in a more legitimate way ... and to hide
that from defense attorneys and judges
The Department
of Health and Human Services will also have access to vast
quantities of sensitive federal data on Americans as part of Obamacare
(here's the underlying Government Accountability Office report)
The NSA not
only shares our information with other American agencies, it
also gives personal, sensitive unfiltered information on Americans to Israel and
other
foreign nations
And it's not
only governments. Private contractors can also view
all of your data (and the government isn’t
keeping track of which contractors see your data and which don’t). And
because background
checks regarding some contractors are falsified, it is hard to know the
types of people that might have your information. Indeed, private
contractors are involved in spying on behalf of governments world-wide
It's not just
your computer and your phone. It is well-documented that the government may be
spying on us through cars
and buses, streetlights, at airports and on the street, via mobile scanners and
drones, through our smart meters, and in many other ways
Top
counter-terror experts say that the government’s mass spying doesn't keep us safe
Indeed, they
say that mass spying actually hurts U.S.
counter-terror efforts (more here
and here)
They say we
can, instead, keep
everyone safe without violating the Constitution ... more cheaply and efficiently
than the current system
There is no real oversight
by Congress, the courts, or the
executive branch of government. And see this and this.
Indeed, most Congress
members had no
idea what the NSA is doing. Even staunch defenders of the NSA -
and congress
members on the intelligence oversight committees - now say they've
been kept in
the dark
A Federal judge
who was on the secret spying court for 3 years says
that it's a kangaroo
court
Even the current
judges on the secret spying court now admit that they're
out of the loop and powerless to exercise real oversight.
When these
judges raised concerns about NSA spying, the Justice Department completely ignored
them
A former U.S. president
says that the spying program shows that we no
longer have a functioning democracy
The chairs of
the 9/11 Commission say that NSA
spying has gone way too far
Top
constitutional experts say that Obama and Bush are worse
than Nixon ... and the Stasi East Germans
While the
government initially claimed that mass surveillance on Americans prevented more
than 50 terror attacks, the NSA’s deputy director John Inglis walked that
position back all the way to saying that – at
the most
– one (1)
plot might
have been disrupted by the bulk phone records collection alone. In other
words, the NSA can't prove that stopped any terror attacks. The government greatly
exaggerated an alleged recent terror plot for political purposes (and
promoted the fearmongering of serial liars). The argument that recent
terror warnings show that NSA spying is necessary is so weak that American
counter-terrorism experts have slammed it as "crazy
pants"
You're much
more likely to be killed by brain-eating amoeba,
lightning or a toddler than by terrorism. Even President Obama
admits that you're
much less likely to be killed by terrorists than a car accident. So the
government has resorted to lamer
and lamer excuses
to try to justify mass surveillance
Experts say
that the
spying program is illegal, and is exactly the kind of
thing which King
George imposed on the American colonists ... which led to the Revolutionary War
A Harvard law
school professor - and director of the Berkman Center for Internet &
Society at Harvard University - says:
"The NSA has mounted a systematic
campaign against the foundations of American power: constitutional checks and
balances, technological leadership, and market entrepreneurship. The NSA scandal is no longer about
privacy, or a particular violation of constitutional or legislative
obligations. The American body politic is suffering a severe
case of auto-immune disease: our defense system is attacking other critical
systems of our body".
The top
counter-terrorism Czar under Clinton and Bush says that revealing
NSA spying programs does not harm national security
The
feds are considering prosecuting the owner of a private email company -
who shut down his business rather than turning over records to the NSA - for
refusing to fork over the information and keep quiet. This is a little like
trying to throw someone in jail because he's died and is no longer paying taxes
Whistleblowers
on illegal spying have no "legal"
way to get the information out
Spying
started before
9/11 ... and various
excuses have been used to spy on Americans over the years
Governments and
big corporations are doing everything they can to
destroy
anonymity
Mass spying creates
an easy mark for
hackers.
Indeed, the Pentagon
now sees the collection of "big data" as a "national
security threat" ... but the NSA is the biggest data collector on the
planet, and thus provides a tempting mother lode of information for foreign
hackers
Mass
surveillance by the NSA directly
harms internet companies, Silicon Valley, California … and the entire U.S. economy.
For example, Facebook lost 11
millions users as of April mainly due to privacy concerns (and that was before
the Snowden revelations). And see these reports from Boingboing and the Guardian
IT
and security
professionals are quite
concerned about government spying
Some people make
a lot of
money off of mass spying. But the government isn't
using the spying program to stop the worst
types of lawlessness
The NSA spying
program is unambiguously being used for industrial espionage, by spying on large
foreign corporations, and the biggest financial
payments
systems such as VISA and Swift. Indeed, in a slide leaked
by Edward Snowden, "economic"
was one of the main justifications for spying
The top U.S.
spy's justifications for such financial spying is not
very reassuring:
"We collect this information for many important
reasons: for one, it could provide the United States and our allies early
warning of international financial crises which could negatively impact the
global economy. It also could provide insight
into other countries' economic policy or behavior which could affect global markets."
Top financial
experts say that the NSA and other intelligence agencies are using the
information to profit
from this inside information
The Wall Street
Journal reported that the NSA spies on Americans’ credit card transactions.
Many other agencies are doing the same. In fact, virtually all U.S. intelligence
agencies – including the CIA and NSA – are going to spy on Americans’
finances. The IRS will also be spying on
Americans’ shopping
records, travel, social interactions, health records and files from other
government investigators
Polls show that
the public doesn’t believe the NSA … and thinks that the government
has gone way too far in the name of
terrorism
While leaker
Edward Snowden is treated as a traitor by the fatcats and elites, he is considered
a hero
by the American public. Members of the Executive,
Legislative and Judicial branches of government have all praised
the debate on spying which Snowden's leaks started
The heads of
the intelligence services have repeatedly
been caught lying
about spying. And even liberal publications are starting to say that Obama
has been intentionally lying about spying. The government claimed that most
spying programs ended in 2011, when - in fact - they were expanded
that year
Obama says
he'll rein in spying ... but his words
and deeds indicate that he won't. Indeed, Obama appointed
the fox to guard
the chicken coop. No wonder only
11% of Americans trust Obama to actually do anything to rein in spying
A huge majority
of Americans wants the director of intelligence - Clapper - prosecuted for perjury.
One of the chairs of the 9/11 Commission agrees
While the Obama
administration is spying on everyone in the country – it is at the same time
the most secretive administration ever (background). That’s despite Obama saying
he’s running the most transparent
administration ever
The NSA treats
the American people with contempt. For
example, Spiegel notes:
"The authors of the [NSA slides] draw a comparison
with "1984," ... revealing the agency's current view of smartphones
and their users. "Who knew in 1984 that this would be Big Brother …" the
authors ask, in reference to a photo of Apple co-founder Steve Jobs. And
commenting on photos of enthusiastic Apple customers and iPhone users, the NSA
writes: "… and the zombies would be paying
customers?
Worse, the
intelligence agencies often view normal, true-blue Americans as potential
terrorists
(and see
this)
A Congressman
noted that - even if a mass surveillance program is started
for good purposes - it will inevitably turn
into a witch
hunt
There are
indications that the spy agencies aren't just passively gathering information,
but are actively
using it in mischievous ways
Surveillance
can be used to frame you
if someone in government happens to take a dislike to you
Government
spying has always
focused on crushing dissent … not on keeping us safe
An NSA
whistleblower says that the
NSA is spying on – and blackmailing – top government officials and military
officers (and see
this)
High-level US
government officials have warned
for 40 years that mass surveillance would lead to tyranny in America
A top NSA
whistleblower says that the only way to fix things is to fire all
of the corrupt government officials who let it happen. As the polls above show,
the American public is starting to wake up to that fact
NSA DIRECTOR ADMITS:
...
Collecting data from social networks
...
Testing U.S. cellphone tracking
...
Releasing 'misleading' numbers on terror plots foiled by snooping
NJ
property taxes up 13% under Christie...
Obama
applauds mayoral candidate's vow to hike taxes in NYC...
CNN:
3 alleged Kenya attackers from USA...
Raises
concerns in U.S....
Gunmen
executed non-Muslims after asking them to name Prophet Mohammed's mother...
Deep cuts at agency
responsible for investigating health-care fraud...
Secret
American Subculture of Putin-Worshippers... { Secret … I doubt it … I believe
the Russia/Putin ‘miracle’ is worthy of praise and world class global
recognition as such! }
Movement
grows to repeal Obamacare 'exemption' for Congress...
'Could they be more out
of touch?'
OBAMA:
Republicans 'trying to mess with me'...
'We
are not some Banana Republic'... { Au contraire … http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm }
13
shot in mass shooting at Chicago park...
3-year-old
boy shot in face...
CA
Dem wishes death upon Ted Cruz staffer's children...
17,679
things the federal government has done since sequestration...
There is a reason why every
fiat currency in the history of the world has eventually failed. At some
point, those issuing fiat currencies always find themselves giving in to the
temptation to wildly print more money. Sometimes, the motivation for
doing this is good. When an economy is really struggling, those that have
been entrusted with the management of that economy can easily fall for the lie
that things would be better if people just had "more money".
Today, the Federal Reserve finds itself faced with a scenario that is very
similar to what the Weimar Republic was facing nearly 100 years ago. Like
the Weimar Republic, the U.S. economy is also struggling and like the Weimar
Republic, the U.S. government is absolutely drowning in debt.
Unfortunately, the Federal Reserve has decided to adopt the same solution that
the Weimar Republic chose. The Federal Reserve is recklessly printing
money out of thin air, and in the short-term some positive things have come out
of it. But quantitative easing worked for the Weimar Republic for a
little while too. At first, more money caused economic activity to
increase and unemployment was low. But all of that money printing
destroyed faith in German currency and in the German financial system and
ultimately Germany experienced an economic meltdown that the world is still
talking about today. This is the path that the Federal Reserve is taking America down, but
most Americans have absolutely no idea what is happening. (Read More....)
Submitted
by Tyler
Durden on 09/19/2013 - 09:38
Reflecting
on exactly what was said yesterday, Duquesne's Stanley Druckenmiller is
initially perplexed as Bernanke explained 'financial conditions' - not interest
rates - have prompted the decision to forestall any taper. His confusion is
that financial conditions are actually slightly better than they were in June
and "a stock market at
an all-time high would suggest we don't have a problem with financial
conditions." While he dismisses surveys, the big-money was
betting that they were going to taper as is clear from the moves in gold,
bonds, and stocks; and it appears the Fed "lost their nerve." In
fact, Druck continues, the
Fed "blew it... they had a freebie," they could have
started the process to "get us off the dope." This action, or
inaction, he warns "is going to make it so much harder for the next
Chairman to start the process." In fact, he concludes, that from beginning to end - once markets adjust
from these subsidized prices - that the wealth effect of QE will have been
negative not positive.
McCain's
self-defeating Pravda op-ed can only help Putin Washington Post (blog) - by
Max Fisher Senator
John McCain, a frequent critic of the Kremlin, responded to Russian
President Vladimir Putin's New York Times op-ed
with his own, ...
{ How laughable to hear of
‘never-saw-a-war-he-didn’t-like’ neo-con mccain try to lecture the historically
formidable Vladimir Putin on the ‘rule of law’. What parallel universe is
senile mccain operating in? ( I’m going to even give ‘songbird’ mccain a pass
on his violation of military code while a POW so criticized by his fellow
POWs).The law is something that I know a lot about; from intense study and
direct experience, while mccain can’t possibly say the same. After all, there
are indeed a plethora of rules of law in pervasively corrupt, defacto bankrupt
america. The problem is, in venal america, they are not meaningful rules of law
as applied to some and not others (him and his et als in the latter category).
Wow! Talk about out of touch … or maybe he’s just used to such
drivel/propaganda being lapped up by the dumbed down american masses! See http://www.albertpeia.com/112208opocoan/ricosummarytoFBIunderpenaltyofperjury.pdf http://www.albertpeia.com/112208opocoan/PeiavCoanetals.htm http://albertpeia.com/fbimartinezcongallard.htm for
reality! }
PUTIN
NOMINATED FOR NOBEL PEACE PRIZE...
DOCTOR OBAMACARE, a
photo by WilliamBanzai7/Colonel
Flick on Flickr.
The photo of an Asian giant
hornet posted above was taken by blogger
Kurt Bell, and as you can see, these Asian giant hornets are
freakishly huge. They are also extremely aggressive and they are not
afraid to attack people at all. And as you will read about below, getting
stung by one of them is exceedingly painful. If they only attacked humans
once in a while, it wouldn’t be that big of a deal. Unfortunately, Asian
giant hornets appear to be multiplying rapidly and they have killed dozens of
people in China in recent months. But most Americans are not going to get
too concerned about a plague of giant hornets on the other side of the planet.
Well, what if I told you that Asian giant hornets are now spreading like
wildfire in this country and attacking people all over the United States?
Would I have your attention then? Because that is precisely what is
happening.
The recent giant hornet attacks in
China have made headlines all over the (Read More....)
Right
now, the ground underneath Yellowstone National Park is rising at a record
rate. In fact, it is rising at the rate of about three inches per
year. The reason why this is such a concern is because underneath the
park sits the Yellowstone supervolcano – the largest volcano in North
America. Scientists tell us that it is inevitable that it will erupt
again one day, and when it does the devastation will be almost
unimaginable. A full-blown eruption of the Yellowstone supervolcano would
dump a 10 foot deep layer of volcanic ash up to 1,000 miles away, and it would
render much of the United States uninhabitable. When most Americans think
of Yellowstone, they tend to conjure up images of Yogi Bear and “Old Faithful”,
but the truth is that sleeping underneath Yellowstone is a volcanic beast that
could destroy our nation in a single day and now that beast is starting to wake
up. (Read More.....)
Are you ready for bone chilling cold this winter?
The Old Farmer’s Almanac and other weather forecasters that rely on solar
activity as a factor in their weather forecasts are projecting that this
upcoming winter will be bitterly cold. Solar activity is at a 100 year
low, and even though we were supposed to be in the midst of a solar maximum
this year, our sun has been eerily quiet. So precisely what in the world
is going on? There have been other periods throughout history when solar
activity has been extraordinarily quiet, and those times have corresponded with
periods of extreme cold. For example, the “Maunder Minimum” which
stretched from 1645 to 1715 corresponded with the most bitterly cold period
that the earth experienced in the last 1000 years. So could we be heading
toward another “mini-ice age”? That is a question that some scientists
are now beginning to ask.
Clearly, something unusual is happening with our
sun. The following is from a Universe Today article that was posted back in (Read More....)
A
U.S. debt default that lasts for more than a couple of days could potentially
cause a financial crash unlike anything that the world has ever seen
before. If the U.S. government purposely wanted to damage the global
financial system, the best way that they could do that would be to default on U.S.
debt obligations. A U.S. debt default would cause stocks to crash, would
cause bonds to crash, would cause interest rates to soar wildly out of control,
would cause a massive credit crunch, and would cause a derivatives panic that
would be absolutely unprecedented. And that would just be for
starters. But don't just take my word for it. These are the things
that top financial experts all over the planet are saying will happen if there
is an extended U.S. debt default. (Read More....)
Given
the statements this morning it is clear that President Obama is unwilling to
negotiate to his willingness to negotiate. It would seem that he would do well
to listen to the immortal words of Mike Tyson, "everyone has a plan,
until they get punched in the face," and we suspect the market is
about to deliver that upper cut... which in reflection is exactly what the
President called for last week - though as we noted earlier - the polls are
mixed as to who is to blame.
There
has long been a quasi-magical belief in the U.S. that capitalism's intrinsic
dynamic of creative destruction will always create more jobs than it destroys.
The evidence is compelling that this belief is no longer reality-based. 
Following
today's explosive 4 Week Bill auction which priced at the highest yield since
October 2008, the subsequent $30 billion 3 Year auction was rather
anticlimatic. While the WI had been rising modestly all day, the final high
yield of 0.71% was through the When Issued 0.719%, which was also the lowest
since August, following the pre-Taper fears blow out in short-term yields in
September when it priced at 0.913%. Still, the Bid To Cover was hardly anything
to write home about, which at 3.048 was the lowest since June and higher only
than the 2.946 from June, going back all the way late 2010. The ongoing decline
in Bids to Cover is very obvious in the chart below. The internals indicated a
modest increase in Indirect Bidders, which took down 34.4% of the auction,
compared to the 28% TTM average, leaving 19.7% to the Directs, in line with the
trailing twelve month average, and 45.8% to Dealers, below the 52.7% TTM
average. Overall, the fear in the bond market continues to be confined to the
ultra-short term bonds, where fears of a technical default in the next month is
all focused on the next month, but for now is confined solely there.
President
Obama had no choice but to cancel his trip to the Asia-Pacific Economic
Co-operation Summit in Indonesia because he was forced to stay in DC and not
negotiate (perhaps Jakarta should invest some more capital in some world
class golf courses) but John Kerry, happy to have put the Syria fiasco behind
him and since boating season off Nantucket is over, was there an represented.
Dressed appropriately.
Recent
speeches from the SEC indicate they plan to use Midas to look at the details
behind quote stuffing, excessive order cancellations, the cause of mini flash
crashes, and other nefarious activities. While these are all good uses for a
market analysis tool (Midas), they pale in comparison to a data-feed delay
analysis, because the former are governed by blanket, hard-to-prove
manipulation laws, while the latter can be tied directly to a core rule that
lies at the heart of Regulation NMS. An improper data-feed delay was the reason
for the $5 million fine against an exchange in September 2012. Furthermore,
millions of people are directly affected and disadvantaged by illegal data-feed
delays. 
As we
warned last night, the S&P 500 has now broken its 50DMA, is testing down to
its 100DMA, and is precariously close to the crucial 11-month trendline.
The
BPC, whose 
The
chart below, showing the historical change in the IMF's periodic revisions of
world growth and revised for today's just released latest 
Confused
as to why US equity futures are levitating once again this morning (aside from
a pre-open lift to restore retail's confidence to buy some more all-time
highs)? Have no fear, the JPY is here. A sudden (and entirely un-news-driven)
ramp in JPY crosses has lifted the S&P to overnight highs, dragged Treasury
yields higher, and pushed gold and silver prices lower as the correlated
cross-asset-class algos play free in the pre-open. Only problem with all this
exuberance, 
David
Stockman, author of 
The
last few days have been punctuated with fearmongery from Alexander and Clapper
over the shutdown's impact on the NSA and the increased threat of terror this
generates. However, as the Washington Times reports, things are a little
different in reality. Pressed by the Democratic chairman of the Senate
Judiciary Committee at an oversight hearing, Gen. Keith B. 
From
algos to trading pschology and from market-maker's tricks to the quant models
that dominate, Batur Asmazoglu provides an insider's view of a large sell-side
bank FX trading desk. While the likes of Goldman's Thomas Stolper have proved
it, Asmazoglu's first 'secret' is that 
Looking
at the equity market and some of the background dynamics Citi's FX Technical
group cannot help but be reminded of 2011. They also warn, despite the constant
hope-driven rallies this week, there are also some aspects of what we saw in
1998 and similarities with 2000 that are worth noting. The bottom line, we have
had the view for some time that we would see a 
"We
may well have had a big, big rally in the U.S. stock market, but
There
really is very little reason why this "government shutdown" cannot
continue indefinitely because almost everything is still running. 63
percent of all federal workers are still working, and 
One
thing is now abundantly clear: 2013 is now one big scratch for bankers who were
expecting that this year bonuses would finally pick up from the prior several
years mediocre performance and catch up to the record days of 2009 (just after
the biggest wholesale bank bailout in history). The 
Just 
