- On 4 April, 2013, Arkansas HB1700 became ACT 746. The revised law will not go into effect until late July or early August of this year.
- The bill makes a definition change in the statute that has been interpreted to limit the legal carrying of weapons in Arkansas.
- The original language was this:
- A person commits the offense of carrying a weapon if he or she possesses a handgun, knife, or club on or about his or her person, in a vehicle occupied by him or her, or otherwise readily available for use with a purpose to employ the handgun, knife, or club as a weapon against a person.
- The new language is this. Bold added to make the change stand out:
- SECTION 2.
- Carrying a weapon.
- (a) Arkansas Code § 5-73-120 is amended to read as follows: A person commits the offense of carrying a weapon if he or she possesses a handgun, knife, or club on or about his or her person, in a vehicle occupied by him or her, or otherwise readily available for use with a purpose to attempt to unlawfully employ the handgun, knife, or club as a weapon against a person.
- This change clarifies the meaning of the law to what was likely the original intent; that a person may not carry a weapon with the intent of using it for unlawful purposes. There does not appear to be other Arkansas law that forbids the carrying of weapons (except in certain named locations). Therefore it appears that Arkansas will have Constitutional carry.
- The law also clarifies the meaning of “journey”. The previous law made an exception for the carry of weapons during a journey. Journey is now clarified to mean travel that crosses a county boundary. Arkansas has many counties of roughly the same size , about 25 to 30 miles on a side. This means that a great deal of travel will fall into the legal category of a journey. In addition the law exempts carry on your own property or property that you have an interest in.
[stextbox id="x22report"]Can anyone say radioactive dirty bomb. How does something like this just fall off the truck. [/stextbox]
- A portable gauge containing dangerous radioactive material fell off the back of a truck in West Virginia, and officials are offering a reward for the missing device
- The truck was transporting the device for the Pennsylvania firm Valley Quarries Inc. – a company licensed to possess and use the gauge. The company had been using the instrument in West Virginia at the time it was lost, and is desperately seeking to find it
- Department of Environmental Protection officials said Tuesday that after one of its employees was taking a reading with the job, he placed the gauge in his pickup truck to drive to another site.
- “Once he arrived, the gauge user realized the truck’s rear gate had opened and the device was missing,” DEP spokeswoman Lisa Kasianowitz told The Times Online. “Further, the gauge was not in its shipping container. The gauge user and a coworker promptly drove back along the route just traveled but were unable to find the device.”
- Officials are now warning people to be on the lookout for a device that could pose dangerous health and contamination risks to the public.
- “It is critical for anyone who has information about the lost nuclear gauge to contact the Pennsylvania DEP, Nuclear Regulatory Commission or a local law enforcement agency immediately. As long as the device is not tampered with or damaged, it presents no hazard to public safety,” the DEP Bureau of Radiation Protect David Allard said in a press release.
- The nuclear density gauge contains radioactive material, which directs particles and counts those that are reflected or passed through material to measure density. In the construction industry, these gauges are used to create suitable soil environments to build roads and structures.
- When left intact, the gauges are safe to handle. But anyone who tampers with them risks serious radioactive contamination and exposure.
- India continues to view Pakistan as the “real threat” even though it is adjusting its military strategy to include the possibility of a limited two-front war with both Pakistan and China, the first Blue Book on India published by a Chinese think tank said.
- Pakistan is India’s main “real threat” to maintain a high degree of vigilance and preparedness, the summary of the Blue Book released by the Chinese Academy of Social Sciences, (CASS) said.
- The report says Indian military deployment on land is mainly fixated against Pakistan but in recent times, it is also being adjusted for both China and Pakistan.
- The book in Chinese language, the first ever on India, said, New Delhi is focusing to deal with limited war with China and Pakistan at the same time.
- It spoke of large increase in troops at the borders and upgradation of border forces with new weapons and equipment.
- The report spoke about India’s maritime military deployment in recent years, the prime cause of China’s worry as it regards India’s fast expanding blue water navy as a major threat.
- The book, which speaks of India’s efforts in the past to strengthen its maritime military strength in the East, specially mentioned Indian Navy’s Eastern Naval Command and its bases in Andaman and Nicobar Islands.
- It also spoke of increase in Indian defence budget with the rapid growth of the Indian economy making it the biggest buyer of the international arms.
- About India’s policy towards neighbours, it said New Delhi continued to pursue the “Gujral Doctrine” on neighbouring countries to provide unilateral assistance, enhancing mutual trust and cooperation with the neighbouring countries of South Asia, while continuing to push forward the peace process with Pakistan.
- India also established a strategic partnership with Afghanistan while developing relations with Bangladesh, Sri Lanka and Nepal, it said.
[stextbox id="x22report"]So basically people will not be able to afford health insurance, they will have to pay a tax. Companies will reduce hours and the number of employees to avoid the additional cost. This is not going to turn out well for anyone. Because of this, people will have less money to spend, retail will suffer, the economy will get worse.[/stextbox]
- Internal cost estimates from 17 of the nation’s largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration’s goal of affordability.
- New regulations, policies, taxes, fees and mandates are the reason for the unexpected “rate shock,” according to the House Energy and Commerce Committee, which released a report Monday based on internal documents provided by the insurance companies. The 17 companies include Aetna, Blue Cross Blue Shield and Kaiser Foundation.
- The report found that individuals will face “premium increases of nearly 100 percent on average, with potential highs eclipsing 400 percent. Meanwhile, small businesses can expect average premium increases in the small group market of up to 50 percent, with potential highs over 100 percent.”
- One company said that new participants in the individual market could see a premium increase of 413 percent when new requirements on age rating and required benefits are taken into account, said the report. “The average yearly cost for a new customer in the individual market grows from $1,896 to $3,708 — a $1,812 cost increase,” it added.
- The key reasons for the surge in premiums include providing wider services than people are now paying for and adding less healthy people to the rolls of insured, said the report.
- It concluded: “Despite promises that the law will lower costs, [Obamacare] will in fact cause the premiums of many Americans to spike substantially. The broken promises are numerous, and the empirical data reveal that many Americans, from recent college graduates to older adults, will not be able to afford the law’s higher costs.”
- Bill Benson’s findings, published in “The Law That Never Was,” make a convincing case that the 16th amendment was not legally ratified and that Secretary of State Philander Knox was not merely in error, but committed fraud when he declared it ratified in February 1913. What follows is a summary of some of the major findings for many of the states, showing that their ratifications were not legal and should not have been counted.
- The 16th amendment had been sent out in 1909 to the state governors for ratification by the state legislatures after having been passed by Congress. There were 48 states at that time, and three-fourths, or 36, of them were required to give their approval in order for it to be ratified. The process took almost the whole term of the Taft administration, from 1909 to 1913.
- Knox had received responses from 42 states when he declared the 16th amendment ratified on February 25, 1913, just a few days before leaving office to make way for the administration of Woodrow Wilson. Knox acknowledged that four of those states (Utah, Conn, R.I. and N.H.) had rejected it, and he counted 38 states as having approved it. We will now examine some of the key evidence Bill Benson found regarding the approval of the amendment in many of those states.
- In Kentucky, the legislature acted on the amendment without even having received it from the governor (the governor of each state was to transmit the proposed amendment to the state legislature). The version of the amendment that the Kentucky legislature made up and acted upon omitted the words “on income” from the text, so they weren’t even voting on an income tax! When they straightened that out (with the help of the governor), the Kentucky senate rejected the amendment. Yet Philander Knox counted Kentucky as approving it!
- In Oklahoma, the legislature changed the wording of the amendment so that its meaning was virtually the opposite of what was intended by Congress, and this was the version they sent back to Knox. Yet Knox counted Oklahoma as approving it, despite a memo from his chief legal counsel, Reuben Clark, that states were not allowed to change it in any way.
- Attorneys who have studied the subject have agreed that Kentucky and Oklahoma should not have been counted as approvals by Philander Knox, and, moreover, if any state could be shown to have violated its own state constitution or laws in its approval process, then that state’s approval would have to be thrown out. That gets us past the “presumptive conclusion” argument, which says that the actions of an executive official cannot be judged by a court, and admits that Knox could be wrong.
- If we subtract Kentucky and Oklahoma from the 38 approvals above, the count of valid approvals falls to 36, the exact number needed for ratification. If any more states can be shown to have had invalid approvals, the 16th amendment must be regarded as null and void.
- The state constitution of Tennessee prohibited the state legislature from acting on any proposed amendment to the U.S. Constitution sent by Congress until after the next election of state legislators. The intent, of course, is to give the proposed amendment a chance to become an issue in the state legislative elections so that the people can have a voice in determining the outcome. It also provides a cooling off period to reduce the tendency to approve an idea just because it happens to be the moment’s trend. You’ve probably already guessed that the Tennessee legislature did not hold off on voting for the amendment until after the next election, and you’d be right – they didn’t; hence, they acted upon it illegally before they were authorized to do so. They also violated their own state constitution by failing to read the resolution on three different days as prescribed by Article II, Section 18. These state constitutional violations make their approval of the amendment null and void. Their approval is and was invalid, and it brings the number of approving states down to 35, one less than required for ratification.
- Texas and Louisiana violated provisions in their state constitutions prohibiting the legislatures from empowering the federal government with any additional taxing authority. Now the number is down to 33.
- Twelve other states, besides Tennessee, violated provisions in their constitutions requiring that a bill be read on three different days before voting on it. This is not a trivial requirement. It allows for a cooling off period; it enables members who may be absent one day to be present on another; it allows for a better familiarity with, and understanding of, the measure under consideration, since some members may not always read a bill or resolution before voting on it (believe it or not!). States violating this procedure were: Mississippi, Ohio, Arkansas, Minnesota, New Mexico, West Virginia, Indiana, Nevada, North Carolina, North Dakota, Colorado, and Illinois. Now the number is reduced to 21 states legally ratifying the amendment.
- When Secretary Knox transmitted the proposed amendment to the states, official certified and sealed copies were sent. Likewise, when state results were returned to Knox, it was required that the documents, including the resolution that was actually approved, be properly certified, signed, and sealed by the appropriate official(s). This is no more than any ordinary citizen has to do in filing any legal document, so that it’s authenticity is assured; otherwise it is not acceptable and is meaningless. How much more important it is to authenticate a constitutional amendment! Yet a number of states did not do this, returning uncertified, unsigned, and/or unsealed copies, and did not rectify their negligence even after being reminded and warned by Knox. The most egregious offenders were Ohio, California, Arkansas, Mississippi, and Minnesota – which did not send any copy at all, so Knox could not have known what they even voted on! Since four of these states were already disqualified above, California is now subtracted from the list of valid approvals, reducing it to 20.
- These last five states, along with Kentucky and Oklahoma, have particularly strong implications with regard to the fraud charge against Knox, in that he cannot be excused for not knowing they shouldn’t have been counted. Why was he in such a hurry? Why did he not demand that they send proper documentation? They never did.
- Further review would make the list dwindle down much more, but with the number down to 20, sixteen fewer than required, this is a suitable place to rest, without getting into the matter of several states whose constitutions limited the taxing authority of their legislatures, which could not give to the federal govern authority they did not have.
- The results from the six states Knox had not heard from at the time he made his proclamation do not affect the conclusion that the amendment was not legally ratified. Of those six: two (Virginia and Pennsylvania) he never did hear from, because they ignored the proposed amendment; Florida rejected it; two others (Vermont and Massachusetts) had rejected it much earlier by recorded votes, but, strangely, submitted to the Secretary within a few days of his ratification proclamation that they had passed it (without recorded votes); West Virginia had purportedly approved it at the end of January 1913, but its notification had not yet been received (remember that West Virginia had violated its own constitution, as noted above).
- House Republicans are not ruling out passing gun legislation this year, according to a key GOP lawmaker.
- The collapse of gun control in the Senate last month led many on and off Capitol Hill to believe the issue would not be revived in this Congress.
- But House Judiciary Committee Chairman Bob Goodlatte (R-Va.) told The Hill on Friday that he’s had “a lot of discussions” with Speaker John Boehner (R-Ohio) on guns. Goodlatte suggested the Speaker is more involved in the behind-the-scenes wrangling of how to move a gun bill than the Ohio Republican has let on in public.
- “We are trying to improve the system to keep people who are barred under the law from owning firearms, from getting access to them. We don’t think the things that were proposed in the Senate do that. So we have not backed away from trying to figure out how to improve that, but we’ve made no decisions yet about what to do,” Goodlatte explained.
- Goodlatte, serving his first year as the head of the Judiciary panel, pointed out that the National Instant Criminal Background Check System needs to be reauthorized before year’s end. The reauthorization could be the vehicle through which the GOP tackles the highly charged issue. Goodlatte, who has an “A” rating from the National Rifle Association (NRA), said earlier this year he wants to keep guns out of the hands of the mentally ill.
- House Minority Leader Nancy Pelosi (D-Calif.) believes the House will deal with guns this year as well. But the top-ranking Democrat favors the background check bill crafted by Sens. Joe Manchin (D-W.Va.) and Pat Toomey (R-Pa.). A House companion bill authored by Rep. Pete King (R-N.Y.) has 159 co-sponsors.
- Pelosi said the high number of co-sponsors, only three of which are GOP lawmakers is “remarkable” because many Democrats in her caucus want a bill that includes an assault weapon ban.
5.15.13 - The IRS wants YOU — to share everything
- The Internal Revenue Service asked tea party groups to see donor rolls.
- It asked for printouts of Facebook posts.
- Acting IRS Commissioner dodges questions
- Reid on IRS: ‘Not the first time’
- And it asked what books people were reading.
- A POLITICO review of documents from 11 tea party and conservative groups that the IRS scrutinized in 2012 shows the agency wanted to know everything — in some cases, it even seemed curious what members were thinking. The review included interviews with groups or their representatives from Hawaii, New Mexico, Ohio, Texas and elsewhere.
- The long-awaited Treasury Department inspector general report released Tuesday says the agency itself decided some of its questions to conservative groups were way over the line — especially the one about donors.
- The report shows that top IRS officials put a stop to some of the questions in early 2012, including the ones that asked tea party groups who their donors were, what issues were important to them and whether their top officers ever planned to run for office. And they told the investigators they planned to destroy the donor lists that had already been sent in.
- But interviews with members of the groups paint a more dramatic picture than the bland language of the report, which just says the IRS “requested irrelevant (unnecessary) information because of a lack of managerial review, at all levels, of questions before they were sent to organizations seeking tax-exempt status.”
- “They were asking for a U-Haul truck’s worth of information,” said Toby Marie Walker, the president of the Waco Tea Party.
- Some groups even gave up in the face of the IRS questions.
- Several of the groups were asked for résumés of top officers and descriptions of interviews with the media. One group was asked to provide “minutes of all board meetings since your creation.”
- Some of the letters asked for copies of the groups’ Web pages, blog posts and social media postings — making some tea party members worry they’d be punished for their tweets or Facebook comments by their followers.
5.15.13 – Gold Drops Below $1400
[stextbox id="x22report"]Everything is on sale, its like when an HDTV is put on sale for 1/2 price, you don’t say oh gee whiz I’m not going to buy it, you run in and buy it. The difference between the TV and gold is that the TV will continue to lose its value until it hits “0”, while gold will only gain in value. [/stextbox]
- After retracing 61.8% of the gold crash, spot gold prices have fallen back and are now trading back under $1400 for the first time in four weeks. It would seem more time is perhaps needed to enable the gathering of physical gold to fufill Germany’s demands… (and cue, the death of gold headlines)
[stextbox id="x22report"]Sales will continue to rise, as the prices drop. When there is a sale people like to buy!! Oh yeah, the economic collapse is the other reason[/stextbox]
- The Perth Mint of Australia achieved record breaking sales for gold bullion products in April, as lower precious metals prices spurred a huge leap in demand. Silver bullion sales also jumped to the highest level in six months.
- The Perth Mint began publicly reporting its monthly gold and silver bullion sales in March 2012, providing a window of insight into demand for physical precious metals. Sales spikes have occurred in September 2012 to coincide with the release of the new designs and last month to coincide with the decline in metals prices.
- For the month of April 2013, sales of gold as coins and minted products reached 111,505.06 troy ounces. This amount was more than double the previous month and up by an astounding 534.43% from the year ago period when 17,575.64 troy ounces were sold.
- The Perth Mint indicated that website sales significantly contributed to the record number, with top sellers including the 1 ounce Kangaroo Gold Bar, 2.5 ounce Cast Gold Bar, and 1 ounce 2013 Australian Kangaroo Gold Coin.
- Perth Mint Bullion Sales in Troy Ounces
- Gold Silver
- January 2013 65,683.71 670,544.36
- February 2013 44,048.62 426,319.29
- March 2013 50,356.16 408,178.52
- April 2013 111,505.06 1,102,465.96
- Total YTD 271,593.55 2,607,508.13
[stextbox id="x22report"]I have noticed with the passage of all these new laws (NDAA,Obama Care etc.) and agencies (DHS, FEMA) that this is closely reminding me of the Nazis. Slowly but surely our rights have been taken away, the tracking of people, the labeling of groups and the record keeping. As you walk down the street don’t be surprised if they ask for you papers for no reason, oh wait, aren’t they doing this in a town in Arizona and in NY?[/stextbox]
- The Senate has begun discussion on creating a new national biometric database of virtually every adult in the country. It is unquestionably a backdoor to an illegal, Tenth Amendment violating legislation.
- This bill in reminiscent of the Obamacare bill in that it consists of 800 pages of the bipartisan legislation, that nobody will read in its entirety except for the globalist lawyers which created it.
- Among the objectionable provisions contains language which authorizes the creation of an innocent sounding “photo tool. ” This is a massive federal database administered by the Department of Homeland Security (DHS) which will contain the names, ages, Social Security numbers and photographs of every person in the country with state-issued photo ID, such as a drivers license.
- This is a Nazi right to work permit. Every employer must verify the presence in this massive federal database of every worker that they hire. Do you smell the encroachment of the Mark of the Beast as well?
- Employers would be obliged to look up every new hire in the database to verify that they match their photo.
- This heinous act is entitled the Border Security, Economic Opportunity, and Immigration Modernization Act is aimed at stopping the hiring of illegal aliens. I guess Congress has never heard of the underground economy which will proliferate and grow to astronomical proportions as an avoidance mechanism to this legislation. If employers want to avoid the travesty and devastation of avoiding the expense of hiring employees under Obamacare, I have just told you how the corporations will benefit from even more off the books labor, while law abiding small businesses will be crushed under the administrative weight associated with compliance. And compliance will be obtained by biometric data to be recorded which will scanned in the veins in the top of the hand.
- Notice how the words “Border Security” come first in the title, thus making us think how real border security would be the priority. How stupid of us.
- Implications for All People Residing In America
- Under this legislation, the state is sovereign and the citizen is a slave to the state as all Americans will need permission to do anything from its government (i.e. third parent). The government will commence to create the kind of record keeping that would have made Hitler jealous.
- Through the power of incrementalism, one can safely bet that the this card will be needed to do anything from go to the doctor, to obtain entrance into a mall, to start your car, to purchase food and water, to buy clothes, to buy gas, just as Satan would have it.
- For now, the legislation allows the database to be used solely for employment purposes. But historically such limitations don’t last. For example, take the Social Security card, it was originally created to track your government retirement benefits. Now you need it to purchase health insurance.
- Fresh European GDP data is out today, and it reinforces what a terrible slump Europe and the Eurozone are in.
- GDP in the quarter shrank 0.2%, which is worse than the 0.1% shrinkage that had been expected.
- From Eurostat:
- GDP fell by 0.2% in the euro area (EA17) and by 0.1% in the EU271 during the first quarter of 2013, compared with the previous quarter, according to flash estimates published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2012, growth rates were -0.6% and -0.5% respectively.
- Compared with the same quarter of the previous year, seasonally adjusted GDP fell by 1.0% in the euro area and by 0.7% in the EU27 in the first quarter of 2013, after -0.9% and -0.6% respectively in the previous quarter.
- The individual, by country numbers, are quite depressing.
- Italy and Spain both saw GDP drop 0.5%.
- Germany which, you know, is the “strong man” of Europe only saw 0.1% growth. French GDP fell 0.2%.
- The good news in Europe, at least, is that the anti-austerity chatter is taking hold, so perhaps green shoots are due.
- The bad news is that this is now the Eurozone’s longest-ever slump.
- NEW DETAILS FROM ABC
- IRS Enemies List Started Three Years Ago Was Much More Extensive Than First Thought
- The White House says it had no idea the IRS was targeting Tea Party groups.
- THE PLOT THICKENS
- ABC News has obtained a draft of a soon-to-be-released investigative report showing that the Internal Revenue Service began targeting conservative groups as far back as March of 2010 and that senior IRS officials in Washington have known about it for almost two years.
- Last week, we learned that the IRS was targeting groups with “tea party” or “patriot” in their names, but it goes far beyond that. The draft report, conducted by the IRS internal watchdog, says the agency was tracking groups whose goals included, “limiting government” and “educating on the national debt, the Constitution and Bill of Rights” and who, “criticize how the country is being run.”
[stextbox id="x22report"]When the General says “Mark my words, it’s going to get worse. The disruptive and destructive attacks on our country will get worse and … if we don’t do something, the theft of intellectual property will get worse,” Alexander said at the summit. What is he trying to tell us. Is he saying that a huge cyber attack is going to happen and we need to pass CISPA or other Legislation now to ward off any attack. Oh by the way, they always throw in that the cyber attacks “could well be seen “in the not-too-distant future” on key U.S. infrastructure sectors, such as public utilities and financial services”[/stextbox]
- The top U.S. general in charge of cyber security warned on Tuesday that the United States is increasingly vulnerable to attacks like those that destroyed data on tens of thousands of computers in Saudi Arabia and South Korea in the past year.
- Army General Keith Alexander, who heads the National Security Agency and U.S. Cyber Command, told the Reuters Cybersecurity Summit in Washington that U.S. computer networks were already under constant attack and billions of dollars worth of intellectual property were flowing out of the country each year.
- “Mark my words, it’s going to get worse. The disruptive and destructive attacks on our country will get worse and … if we don’t do something, the theft of intellectual property will get worse,” Alexander said at the summit.
- Alexander said he was not aware of any cyber assaults against the United States as destructive as the one that damaged computers at Saudi Arabia’s national oil company, Aramco, last year. But he said similar attacks could well be seen “in the not-too-distant future” on key U.S. infrastructure sectors, such as public utilities and financial services.
- The general argued forcefully for legislation that would make it easier for the government to work with industry on monitoring private computer networks for signs of intrusion, despite concerns raised by privacy advocates.
- But he said the NSA had no interest in reading the emails of U.S. citizens.
- “We can protect our networks and protect our civil liberties and privacy,” Alexander told the summit.
- And soon the IRS will have your health information. Cough.
- — MATT DRUDGE (@DRUDGE) May 13, 2013
- Gov’t will have your ObamaCare ID #, access your health records, see your meds, know your diagnosis…
- — MATT DRUDGE (@DRUDGE) May 13, 2013
- Hackers will finally know if Bill Clinton has herpes. Hillary takes Topomax. When Pelosi had Botox. Obama’s valium dose. Biden’s latest MRI.
- — MATT DRUDGE (@DRUDGE) May 13, 2013
- White House official will know the health status of a reporter grilling him… “Mr. Woodward, do you really want to go there?”
- — MATT DRUDGE (@DRUDGE) May 13, 2013
- And in 25 years after the great civil war, after American Holocaust is over, a brave new president will unplug the database, vow NEVER AGAIN
- — MATT DRUDGE (@DRUDGE) May 13, 2013
[stextbox id="x22report"]Basically Netanyahu is begging the Russian’s to back off of Syria so they can start the war already. Please don’t back Syria if we invade. With Russia in the way it is very difficult to start the war, unless there is an event that forces war[/stextbox]
- Israeli Prime Minister Benjamin Netanyahu met Russian President Vladimir Putin on Tuesday to warn Moscow against sending arms to Syria as alarm grows over the spiralling death toll in the conflict.
- In concluding remarks following talks at the Russian strongman’s Black Sea residence in Sochi, the two leaders gave little away about their closed-door meeting.
- But Putin’s official spokesman Dmitry Peskov confirmed that Israel had raised the issue and that Russia defended the arms deliveries.
- “The issue was raised. The Russian Federation presented its arguments, which are well known,” Russia’s Interfax news agency quoted Peskov as saying.
- Russia’s position “was heard,” Peskov added, without providing further details except to say that the meeting went “well”.
- Israel wants Russia to halt supplies of the formidable S-300 missiles that would severely complicate any future air attacks against the regime of Syrian President Bashar al-Assad.
- Netanyahu himself did not mention the sensitive weapons issue in public but Putin warned against any destabilising moves in the Middle East, days after Israeli forces launched air strikes against regime targets in Syria.
- “In this crucial period, it is especially important to avoid any moves that can shake the situation,” Putin said in televised remarks.
- Netanyahu meanwhile stressed that it was his country’s task to defend its citizens.
- The Israeli prime minister added: “Together we are trying to find ways to strengthen stability and security. It’s important both for you and us.”
- The agenda for Tuesday’s meeting had some parallels to a trip Netanyahu made to Moscow in September 2009 for Kremlin talks deemed so sensitive that the visit was kept secret at the time.
- According to Israeli media, Netanyahu is believed on that trip to have raised fears about a Russian plan to deliver S-300s to Iran that Moscow decided in the end not to fulfil.
- Viktor Kremenyuk, deputy director of the USA and Canada Institute, suggested that Netanyahu would warn Putin during the current visit that his airforce would target the S-300s should the Kremlin decide to deliver the arms to Syria.
- “Indirectly, he is letting him know that Israel would destroy the S-300s when they get delivered and start being assembled,” he told AFP ahead of the meeting.
5.14.13 – 18 Out Of 18
- Just another “Tepper” Tuesday…
- For 18 Tuesdays in a row, The Dow Jones Industrial Average has closed green (on average +0.42%)
[stextbox id="x22report"]Looks Iran is today’s main focus for cyber attacks. So as of right now to get us into war with Iran the cyber attacks will originate from their.[/stextbox]
- A previously unknown hacking group believed to be based in Iran has started cyber attacks inside the U.S., according to Mandiant Corp., a security company that’s linked China’s army to similar activity.
- The Iranian group emerged within the last six months and has infiltrated the networks of at least one U.S. corporation, Richard Bejtlich, Mandiant’s chief security officer, said in an interview in Washington today.
- “You’re starting to see the Iranians get more active,” Bejtlich said. “We’ve got at least one case where we think it’s Iran, and we think what they are doing is trying to gain some experience on a live network.”
- Bejtlich’s observation backs assertions by U.S. politicians including Representative Mike Rogers, a Michigan Republican and chairman of the House Intelligence Committee, that Iranian groups are behind recent cyber attacks.
- Closely held Mandiant, based in Alexandria, Virginia, released a report in February concluding China’s People’s Liberation Army may be behind the hacking of at least 141 companies worldwide since 2006.
- Mandiant is investigating the new group’s tactics and hasn’t concluded it’s backed by Iran’s government, Bejtlich said. “We don’t know if it’s the government,” he said. “We don’t know if they’re patriotic hackers.”
- The group’s motivation isn’t clear, and Bejtlich wouldn’t name the U.S. company that has been infiltrated or what industry is involved.
- “We haven’t seen these guys before,” Bejtlich said. “They are working their way through a network trying to figure out where can they go; who will find them; who will stop them.”
- Growing Threat
- Allegations that the Iranian government is behind cyber attacks are “baseless,” Alireza Miryusefi, a spokesman for the country, said in an e-mailed statement. Iran has been repeatedly targeted in hacking attacks sponsored by other governments and wants an international legal framework to address issues surrounding cyber warfare, he said.
- In this recent hard-hitting interview with Financial Sense Newshour, successful entrepreneur and twice presidential candidate Steve Forbes likens Fed Chairman Ben Bernanke to a blind astronomer, says quantitative easings, or “QE’s”, should be called “Titanics,” while also warning listeners of impending wealth taxes now used in France and elsewhere.
- “There’s never been a time when the [Fed] has positively guided the economy. It’s always a disaster when they try to guide the economy, and we see it here,” he explained.
- “QE, or Titanic, whatever you want to call it, is contracting the economy,” he added.
- “You know of price controls? When you artificially lower the price of something, you get less of it. The same is true of credit,” he said.
- “By artificially lowering the price of credit, the government never has a problem, big companies never have a problem, but small businesses — very uncertain line of credit. Only now are they beginning to get a little more credit.”
- House Minority Leader Nancy Pelosi (D-Calif.) said Monday that President Obama’s landmark healthcare reform law is helping to bring down the deficit.
- “Many of the initiatives that he passed are what are coming to bear now, including the Affordable Care Act,” Pelosi said in an interview with MSNBC’s Chris Hayes. “The Affordable Care Act is bringing the cost of health care in our country down in both the public and private sector. And that is what is largely responsible for the deficit coming down.”
- The CBO reported last week that the federal budget deficit declined in the first seven months of fiscal year 2013 compared to 2012.
- Russia’s counterintelligence agency has detained a CIA agent in Moscow trying to recruit an officer of the Russian secret service, the Federal Security Service (FSB) announced. The agent was operating under guise of career diplomat.
- The FSB Public Relations Center has announced that the person detained is Ryan Christopher Fogle, the third secretary of the Political Section of the American embassy in Moscow.
- The agency stressed that Christopher had special technical equipment, printed instructions for the Russian citizen being recruited, a large sum of money and means to change the person’s appearance.
- The detainee was delivered to the FSB receiving office where he has been questioned and after all the necessary procedures he has been handed over to representatives of the US embassy in Moscow.
- The website of the American embassy in Russia informs that its Political Section is engaged in “bringing to the attention of the Russian government the US position on the issues of foreign policy and security.” The section’s other task is to “inform Washington about the main provisions of the foreign and defense policy of Russia,” as well as Russian domestic political life.
- The one-page letter to a would-be recruit proposes a payment of US$100,000 for an interview to discuss possible cooperation and promises up to $1 million a year payment if the contact agrees to supply the American side with the information it demands.
- The letter also contains a step-by-step instruction how to create a new Gmail account that would be used for future contacts. The instruction repeatedly stresses not to present any real contact information, like phone numbers, email or home addresses.
- It is advised not to use personal handheld mobile devices and notebooks for registration, proposing to use an internet café to go through the procedure. Another option, the instruction says, is to buy a new device especially for contacts and pay for it in cash, with the expenses to be reimbursed.
5.14.13 – Rise of the Obama ‘Reich’
- The time has come for Americans to stop bending to the will of the PC enablers and define the Obama Administration for what it is;
- The Obama Reich. How else to describe the eerily similar parallels of Barack Obama and Adolph Hitler?
- There are numerous comparisons to be made. In writing this, I focused on four of them.
- When an opponent declares, “I will not come over to your side,” I calmly say, “Your child belongs to us already…What are you? You will pass on. Your descendants, however, now stand in the new camp. In a short time they will know nothing else but this new community.”…Mein Kampf
- Obama Youth
- The use of songs and chants to brainwash the youth of America has also been the method of choice for Barack Obama. Videos of very young children singing his praises can be found here , here, here and here .
- Obama, however, has decided that our children must be indoctrinated at an even younger age as documented in this speech, wherein he demands universal pre-school.
- Obama’s Gestapo
- Not to be outdone by Hitler’s Gestapo, “Big Sis” Napolitano announced her ”IF YOU SEE SOMETHING, SAY SOMETHING” CAMPAIGN, states:
- The “If You See Something, Say Something campaign—originally implemented by New York City’s Metropolitan Transportation Authority and now licensed to DHS for a nationwide campaign—is a simple and effective program to engage the public and key frontline employees to identify and report indicators of terrorism, crime and other threats to the proper transportation and law enforcement authorities.
- WASHINGTON—Secretary of Homeland Security Janet Napolitano announced new partnerships between the Department of Homeland Security’s (DHS) “If You See Something, Say Something™” public awareness campaign and several sports organizations and collegiate universities. Partnerships include National Football League (NFL) teams, Major League Baseball (MLB) teams, the U.S. Open Tennis Championships (USTA), Ohio State University, and the University of Oklahoma.
- Over the past year, DHS has collaborated closely with federal, state, local and private sector partners, as well as the Department of Justice, to expand the “If You See Something, Say Something™” campaign and the Nationwide Suspicious Activity Reporting (SAR) Initiative—an administration effort to train state and local law enforcement to recognize behaviors and indicators related to terrorism, crime and other threats; standardize how those observations are documented and analyzed; and ensure the sharing of those reports with the Federal Bureau of Investigation (FBI) led Joint Terrorism Task Forces for further investigation.
- Obama’s IR’SS’
- In order to ensure the Obama regime can steal the amount of wealth from American citizens it feels it is entitled to, Obama’s 2012 budget calls for the hiring of 5100 more IRSS agents, bringing the total number of agents to over 100,000. It also calls for increasing their budget by 12%, for a total IRSS budget of $13 billion. Details can be found in a Washington Examiner article titled, ”Obama ‘12 budget: More IRS agent pit bulls for tax and health care fraud”.
- Obama’s Sheltering in Place
- “All propaganda must be so popular and on such an intellectual level, that even the most stupid of those towards whom it is directed will understand it. Therefore, the intellectual level of the propaganda must be lower the larger the number of people who are to be influenced by it.”…Mein Kampf
- I first became aware of the term “shelter in place” during the manhunt for the Boston Marathon Bombers. I was astounded that nearly one million people followed the order to stay confined to their homes and the city of Boston was completely shut down. Think about how easy it was to convince an entire city to obey the directive to “shelter in place” as armed government agents blocked off all points of exit.
- The full unbelievable account of American citizens, in a city known for it’s contribution to the American Revolution, allowing themselves to be confined in their homes can be found in this NBC news article
- Crowd Chants “Hail Obama”
- Hundreds of people at a Florida campaign rally in featuring First Lady Michelle Obama began chanting “Hail Obama”, according to a television reporter who was covering the event.
- “Crowd for #FLOTUS event in Daytona now chanting “Hail Obama,” tweeted WOFL Fox 35 reporter Mike Synan. “Wow, just wow.”
- The rally was held at Daytona Beach’s Ocean Center. More than 5,000 people showed up—the crowd described as restless and boisterous.
- Synan said the chanting came during a warm up session before the First Lady appeared on stage.
- He repeated the claim in a follow-up message on Twitter, “True. Would not lie. Chanting “Hail Obama.”
[stextbox id="x22report"]So lets get this straight, Iran has U.S. sanctions against it for not having nuclear weapons, they let the inspectors in to look around and found nothing. The U.S. lied to us about Iraq having weapons of mass destruction, lied to us about Syria using Chemical weapons. Iran hasn’t started a war in 200 years, what about America, they have been sending drones in to kill innocent men, women and children? Iran is planning a major attack to avenge al-Qaida leader Osama Bin Laden’s killing. U.S. never killed Bin Laden, we never saw the body, it was a cover up. The U.S. officials are blaming the Cyber Attacks on Iran and now they are planning a major, major attack. Can anyone say false flag to get the U.S. into war with Iran.[/stextbox]
- Iran has given the go-ahead to operatives of three terrorist groups that have infiltrated the United States to carry out missions, including what is expected to be a Mumbai-style attack on a hotel where innocent bystanders would be killed, WND has learned.
- A full report with many details of the missions has been passed on to U.S. officials.
- Three targets have been chosen within America for imminent attack, and the terror teams have now cut communications with the operational center in Iran, a sign that they are moving ahead with the attacks, according to a high-level intelligence officer within the Islamic regime.
- If only one of the attacks occurs, the regime will consider the operation a success, the source said. Tehran believes, he said, an attack would not be traced back to Iran due to the nationalities of the operators.
- Iran believes that the perception of security in America that has helped empower its actions in the Middle East must be turned 180 degrees, not only to defeat and derail all U.S. calculations based on gathered intelligence but to destabilize the political, economic and social conditions in America, the source said.
- Based on that understanding, he said, the U.S. through its military might has kept the fight in the Islamic region and away from its homeland and its allies’ turf. Now continuous operations must be conducted in the U.S. homeland to change that equation, they believe.
- More than 2,600 targets, including public places, government buildings and military installations, have been chosen for attack, and reconnaissance has been done. Information about some of the targets, based on direct knowledge of the source, has been given to U.S. officials to neutralize the threat and confront the terrorists. They include specific government buildings, news networks, malls and sports events.
- This new coalition has also prepared for a major attack to avenge al-Qaida leader Osama Bin Laden’s killing to satisfy Seif Adel, the operational head of al-Qaida, for his collaboration with the Iranian regime.
- The source said the new coalition, due to its composition of different people in Central Asia, is a very complex organization.
- The publication of a limited version of the full report is an intention to put the Islamic regime on notice that should it go ahead with its planned attacks in the U.S. homeland, it will be held responsible, the source said.
[stextbox id="x22report"]Just another Bill waiting in the wings, lets put the all together, gun bill, UN arms treaty, and CISPA. All just waiting for their events so the Senate would pass them[/stextbox]
- A global campaign to confiscate firearms is setting its sights on law-abiding gun owners in the United States, Sen. Rand Paul (R-Kentucky) warned in a statement over the weekend.
- Paul, a long-time Second Amendment supporter and strong opponent of gun control legislation, addressed subscribers of the National Association on Gun Rights’ email list on Saturday to demand they speak up about an alleged attempt to disarm Americans by way of a United Nations treaty supported by the US.
- The UN Arms Trade Treaty was proposed with the intent of curbing mass acts of violence in parts of the world ravaged by uprisings and civil war. According to Paul, however, it is being endorsed by US President Barack Obama and his administration because it would be the beginning of the end for gun ownership in the States.
- “But after the tragedy in Newtown, Connecticut — and anti-gun hysteria in the national media reaching a fever pitch — there’s no doubt President Obama and his anti-gun pals believe the timing has never been better to ram through the UN’s global gun control crown jewel,” wrote Paul.
- “I don’t know about you, but watching anti-American globalists plot against our Constitution makes me sick.”
- The UN did approve the Arms Trade Treaty last month when the US and 153 other nations signed on to support the measure, “Yet because the Constitution requires that two-thirds of the Senate give its advice and consent to any treaty, Second Amendment supporters still have a political route to stop the administration,” the Wall Street Journal acknowledged at the time.
- Sixty-seven of the 100 US senators would need to approve the treaty before the country can adopt the measure, but 53 of the lawmakers said as recently as this March that they would vote against the effort — essentially leaving the treaty unlikely to be accepted by the US at any time in the near future. But even if the likelihood of the US adopting the treaty seems grim, efforts in across the country have been underway for some time to ensure the president isn’t presented the opportunity to sign on.
- “If you sign it, and if the US Senate ratifies the treaty, Texas will lead the charge to have the treaty overturned in court as a violation of the US Constitution,” Texas Attorney General Greg Abbott, a Republican, wrote President Obama earlier this year.
- “I am deeply disappointed with the Obama administration’s vote today in support of forcing the ominous Arms Trade Treaty (ATT) through the UN General Assembly,” added Sen. Mike Kelly (R-Pennsylvania). “For the sake of our national interests and Constitutional freedom, I strongly urge President Obama to reject the ATT.”
- Sen. Paul has now become the latest high-ranking Republican to issue a call to arms. His email sent out on Saturday was addressed to “Dear fellow Patriot” and insisted that “Gun-grabbers around the globe believe they have it made.”
- “So far, the gun-grabbers have successfully kept many of their schemes under wraps. But looking at previous attempts by the UN to pass global gun control, you and I can get a good idea of what’s likely in the works,” Paul wrote.
- “You can bet the UN is working to FORCE the US to implement every single one of these anti-gun policies,” he added, only to claim the treaty will enact tougher licensing requirements, “making law-abiding Americans cut through even more bureaucratic red tape just to own a firearm legally.”
- Additionally, said Paul, the treaty would lend to the confiscation and destruction of all “unauthorized” civil firearms, as well as “ban the trade, sale and private ownership of all semi-automatic weapons.”
- “Ever since its founding 65 years ago, the United Nations has been hell-bent on bringing the United States to its knees,” he wrote. “To the petty dictators and one-world socialists who control the UN, the United States of America isn’t a ‘shining city on a hill’ — it’s an affront to their grand designs for the globe.”
- “These anti-gun globalists know that as long as Americans remain free to make our own decisions without being bossed around by big government bureaucrats, they’ll NEVER be able to seize the worldwide power they crave,” said Paul.
- Others, however, say he has things all wrong. “The treaty adopted today will establish a common international standard for the national regulation of the international trade in conventional arms and require all states to develop and implement the kind of systems that the United States already has in place,” US Secretary of State John Kerry said last month. “It will help reduce the risk that international transfers of conventional arms will be used to carry out the world’s worst crimes, including terrorism, genocide, crimes against humanity and war crimes.”
- “By its own terms, this treaty applies only to international trade, and reaffirms the sovereign right of any State to regulate arms within its territory. As the United States has required from the outset of these negotiations, nothing in this treaty could ever infringe on the rights of American citizens under our domestic law or the Constitution, including the Second Amendment,” said Kerry.
[stextbox id="x22report"]When was the last time you heard a school district fire all the teachers before the end of the year. Oh that’s right when the economy is improving. Thank you Ben and Mr. President[/stextbox]
- A Michigan school district has had to take the drastic step of firing all of its teachers and shuttering its classrooms before the end of the schoolyear, though it may offer students the option of attending a “skills camp.”
- Hundreds of students served by the Buena Vista district will not finish the academic year in mid-June as planned, as the state is withholding school aid for three months after accepting money for a program it was not providing.
- According to an investigation by the Huffington Post, the already struggling district of some 400 mostly black and poor students began a downward spiral after the state of Michigan froze school funding to recover $402,000 that was supposed to be spent running the Wolverine Secure Treatment Center, an alternative school.
- As of last week, representatives for the Michigan Department of Education stated that they were in touch with the broke district to come up with an alternative plan, though they emphasized that the issue was a local responsibility and that they could not legally assist Buena Vista if the district owed the state money. Michigan Governor Rick Snyder has thus far not commented on the issue.
- For a time it was thought that students would be able to transfer to neighboring districts to finish out the year, though that plan appears to have reached an impasse.
- Richard Syrek, superintendent of Saginaw County Intermediate School District (which oversees Buena Vista), said it would too expensive for other districts to accept Buena Vista students, citing legal issues.
- “The legal parts have kept us from doing some of the things we wanted to do,” Syrek told the Huffington Post.
- “We’ve hit a dead end,” he added.
- Remember, a bubble is always the biggest right before it bursts
- Thomas H. Kee Jr.: Lack of growth in the Dow reaches dire stage
- Given what we all have known about the DJIA in the past, and what we know about its composition today, we can still agree that the companies that comprise the index are solid companies that are likely to withstand major economic catastrophe, but at a certain point, valuation must come into play. In this specific instance, it is a concern.
- As they say, one quarter does not a trend make, so I am going to talk about two consecutive quarters of no growth in the Dow. Both the fourth quarter of 2012 and, thus far, with 25 companies reporting for the first quarter of 2013, the Dow has had no growth for two consecutive quarters.
- In this most recent reporting season CaterpillarCAT +0.04% and Exxon Mobil XOM -0.13% had the worst revenue growth rates, with declines of 17.3% and 12.3%, respectively, and in the fourth quarter of 2012, Bank of America BAC +0.15% led the way with a 24.9% revenue decline from the prior quarter.
- Are you a college graduate fed up with the uncertainty and stress of the job hunt? Have you been sitting in Starbucks for days, sipping lattes and hopelessly sending out job application after job application? You’re certainly not alone. There are 11.7 million unemployed people struggling to find a job in America. Prof. Carrie Kerekes presents three reasons finding a job in today’s market is so difficult: a mismatch of skills, government regulations, and uncertainty in the market. These three things all have one common factor: government interference.
- While most consider the Middle-East a hot-bed of geopolitical risk (prone to flare at any moment), it seems hot money flows and territorial disputes are rapidly turning the South China Sea into a powder-keg. As Japan vs China is off the front pages for a moment (and US and South Korea engage in joint naval exercises) it seems Taiwan and the Philippines are escalating rapidly following the death of a Taiwanese fisherman last week after Filipino military fired on his vessel in supposedly disputed territory between Taipei and Manila. The situation is evolving rapidly as the Philippines’ un-apology (though they sent their condolences) may prompt Taiwan to send F-16 fighters, Kidd-class destroyers, and three or more warships, according to The Liberty Times. The threat of escalation is premised on a formal apology coming within 72 hours. As Stratfor notes, Taiwan’s territorial ‘claims’ are “outrageously ambitious” but the various island nations all appear set on rattling sabres as mainland China stiffens its resolve against Japan over the Senkakus.
[stextbox id="x22report"]Reuters reporting cyber attacks, they can’t wait to bring in someone out of the country in handcuffs that caused the cyber attacks. So what does this tell us, we are getting closer to the cyber attack event. FBI meeting with banks, this is how it is going to go down, make sure you are ready and keep it quite[/stextbox]
- The FBI last month gave temporary security clearances to scores of U.S. bank executives to brief them on the investigation into the cyber attacks that have repeatedly disrupted online banking websites for most of a year.
- Bank security officers and others were brought to more than 40 field offices around the country to join a classified video conference on “who was behind the keyboards,” Federal Bureau of Investigation Executive Assistant Director Richard McFeely told the Reuters Cybersecurity Summit on Monday.
- The extraordinary clearances, from an agency famed for being close-mouthed even among other law enforcement agencies, reflect some action after years of talk about the need for increased cooperation between the public and private sectors on cybersecurity.
- The attacks, which have been ascribed by U.S. intelligence officials to Iran, are seen as among the most serious against U.S. entities in recent years. McFeely declined to discuss details of the investigation, including what the banks had been told and whether Iran was behind the attacks.
- Banks have spent millions of dollars to get back online and make sure they can stay online. JP Morgan Chase & Co, Bank of America, Wells Fargo, Citigroup and others have been affected.
- McFeely said the one-day secrecy clearances are part of a broader effort by the FBI to communicate more with victims of cybercrime, some of whom feel that cooperating with federal authorities carries too much risk of exposure to investor and media scrutiny.
- A February executive order from President Barack Obama called for expedited security clearances.
- McFeely, who began overseeing FBI cyber and criminal cases last year, said the agency was changing its approach after being “terrible” in the past about keeping targeted companies informed of progress in investigations.
- “That’s 180 degrees from where we are now,” McFeely said at the summit, held at the Reuters office in Washington.
- The FBI is working harder at securing international help in combating cybercrime and sabotage, but also needs dramatic gestures, such as espionage arrests of hackers from rival countries, to convince U.S. companies to be more open about their losses, he said.
- On the international front, the FBI and Department of Homeland Security have notified 129 other countries about 130,000 Internet protocol addresses that have been used in the banking attacks.
- Many of the computers involved in the attacks were infected by viruses before being directed to attack banking websites, and the bulletins have helped other countries to clean some of the computers, FBI officials said.
- National Security Agency Director Keith Alexander and other officials have said that the massive theft of intellectual property by China and other countries amounts to the largest transfer of wealth in history. Individual companies, however, have rarely admitted material losses.
- McFeely said that part of the problem was that companies have been frustrated at the extreme rarity of overseas arrests or other signs of tangible progress in nascent international talks over the issue. Even some defense contractors contacted by the FBI after breaches are reluctant to share information with agents, he said.
- But McFeely said that some indictments have been issued under seal and that arrests would follow, perhaps when hackers identified by name travel outside their home countries.
- “The first time we bring someone in from out of the country in handcuffs, that’s going to be a big deal,” McFeely said.
- When is the economic collapse going to happen? Just open up your eyes and take a look around the globe. The next wave of the economic collapse may not have reached Wall Street yet, but it is already deeply affecting billions of lives all over the planet. Much of Europe has already descended into a deep economic depression, very disturbing economic data is coming out of the second and third largest economies on the globe (China and Japan), and in most of the world economic inequality is growing even though 80 percent of the global population already lives on less than $10 a day. Just because the Dow has been setting brand new all-time records lately does not mean that everything is okay. Remember, a bubble is always the biggest right before it bursts. The next major wave of the economic collapse is already sweeping across Europe and Asia and it is going to devastate the United States as well. I hope that you are ready.
- #1 27 Percent Unemployment/60 Percent Youth Unemployment In Greece
- #2 Detroit, Michigan Is Insolvent And Is Rapidly Running Out Of Cash
- #3 Economic Despair In France
- #4 7,000 Abandoned Buildings In Dayton, Ohio
- #5 Overwhelmed By Squatters In Spain
- #6 The Collapse Of Chinese Power Consumption
- #7 Horrible Economic Data Coming Out Of The Second Largest Economy On The Planet
- #8 One Out Of Every Five U.S. Households On Food Stamps
- #9 Child Hunger In America
- #10 The Tremendous Suffering Of Hundreds Of Millions Of Desperately Poor People That We Never Hear About
- How can so many people be living like that in a world with such wealth?
- Sadly, things are going to get much worse. The economic and financial systems of the world are rapidly breaking down, and in a few years these are going to look like “the good old days”.
- And a growing number of people are starting to realize the direction that things are headed. For example, according to a survey that has just been released, 48 percent of all Americans believe that the best days of America are now behind us.
[stextbox id="x22report"]Can anyone say distraction. They keep throwing out all of this news to distract us from Benghazi, IRS spying on AP. Wow!!![/stextbox]
- The president of the Associated Press has sent a letter of protest to US Attorney General Eric Holder over the Department of Justice’s broad surveillance of individual reporters’ phone conversations.
- In a letter received by the AP on Friday, the Justice Department acknowledged but offered no explanation for the seizure of two months’ worth of telephone records of reporters and editors. AP’s president, Gary Pruitt, called the ongoing monitoring a “massive and unprecedented intrusion.”
- The AP believes that more than 100 journalists are involved in the DOJ’s phone surveillance, which would have involved a wide variety of stories regarding government and other topics. Pruitt has called for the return of obtained phone records, as well as the destruction of all copies.
- “There can be no possible justification for such an overbroad collection of the telephone communications of The Associated Press and its reporters. These records potentially reveal communications with confidential sources across all of the newsgathering activities undertaken by the AP during a two-month period, provide a road map to AP’s newsgathering operations, and disclose information about AP’s activities and operations that the government has no conceivable right to know,” said Pruitt.
- According to the AP’s own reporting of the alleged phone taps, Justice Department rules require that subpoenas of such records from news organizations must be approved by the attorney general. Notification to the AP was made by a letter sent by Ronald Machen, US attorney in Washington, but did not clarify if such rules had been followed.
- Press TV has conducted an interview with Mark Glenn, Crescent and Cross Solidarity Movement, Idaho about the evolving role of Turkey in the Syrian conflict. The following is an approximate transcript of the interview.
- Press TV: Let’s talk about the Turkish prime minister, many say he’s changed dramatically in character going from being a person who walks out on Israeli president Shimon Perez during a conference to literally working in collaboration with Israel against Syria.
- How much has this had an impact on Turkey both regionally among its neighbors and internationally?
- Glenn: (Connection disrupted)
- Press TV: If you’re back, we were talking about the fact that Turkey has taken on a much more different role in the region and of course internationally. Please go ahead.
- Glenn: Yes, I believe that Erdogan has been built up by the West in order to replace the person of Mahmoud Ahmadinejad of Iran so that Turkey can be the new leader of the Sunni Muslim world and more than likely in being the tip of the spear launching military operations against Syria so that it does not appear to be an American or Western or NATO or even an Israeli military excursion per se, but rather something between Turkey and Syria.
- This latest event of the bombing that took place at the border town of Syria has all of the hallmarks of a joint Israeli, CIA even Turkish intelligence operation aimed at polarizing the people of Turkey in favor of war against Syria.
- A man has been detained by police near Detroit, Michigan after reportedly entering Westland City Hall claiming to have explosives.
- Authorities confirmed around 1:30 p.m. local time that the suspect has been secured, but not before a brief scare that was initially reported to involve hostages.
- Police locked-down a section of Westland, Michigan early Monday afternoon and additional units were called in to investigate the situation. The Michigan State Police bomb squad was deployed to the scene, reported WJBK, and at least two schools in the area were placed on precautionary lockdown.
- Reportedly, a man entered Westland City Hall with explosives, but police declined to comment further other than telling local media there’s “a situation.”
- “We heard there’s a bomb situation at City Hall,” Kristen McRae, who works at Griffith Veterinary Hospital near City Hall, told the Detroit Free Press. “We have a chopper flying above. There’s a heavy police presence.”
- “I heard it’s a hostage situation,” an employee of a nearby Boston Market restaurant added to CBS.
- Westland, MI is located around 16 miles west of Detroit and is the tenth largest city in the state of Michigan.
- There is no plan, no scheme that the Fed can concoct for exiting their support for the U.S. economy that will not negatively affect both the bond and equity markets and have a positive effect on the Dollar. The markets have relied upon the manna from Heaven to rise and virtually nothing else. The American economy cannot justify either the absolute levels of yield or the compression that has taken place or the lofty levels of our stock markets. All of this has had a single driver which is the Fed.
- There does come a point in time, however, when a 4 trillion dollar balance sheet and the flip side of the coin, the decline in the wealth of the investor, the consumer, starts to impact the market as paltry returns eventually lead to declines in capital for goods and services. The Fed has spent four years providing gifts for those that borrow and for the banks while penalizing those who save and invest. What one group gained the other lost.
- Now the Fed faces the dilemma of its own making; how to gradually exit their current strategy without setting the financial markets on their rear ends. This is a situation that I have contemplated for some time and I have been asked about it by some of the most senior people in our industry. So this morning I will share with you and the Fed some of my thoughts.
- First would be to exit your support of the various agencies first. They are now doing fine. Profits will be down but not out and a gradual withdrawal is called for as an initial step in the process. The definition of “gradual” will be the key but I think this is the logical first step.
- For the Treasury markets a different plan can be utilized in the first instance. Use the same amount of money that you are using now but buy the bonds directly from the Treasury and not in the open markets. This will have the effect of lowering the borrowing amounts for America, having smaller auctions, and so the demand will not need to be so sizeable to sustain them. Then as the Dollar strengthens and as both European and Asian investors move out of their troubled economies and into Treasuries for safety there will be increased demand from overseas.
- Yields will probably still rise and the compression in fixed income will reverse but not as dramatically as feared by some. A tremendous amount of corporate and mortgage financing has taken place during the last four years so that the amount of new issuance will also decline which will also help in this process. It can also be announced that some portion of the Fed’s balance sheet will be allowed to just run off which will also decrease the pressures on the markets. The Fed bombed its way into the markets but the way out must be slow and carefully considered.
- The Fed should also concentrate on its primary objective which is the financial well being of America. Another area where the Fed should cut back on in the first instance is supplying capital to the European banks. The ECB and the EU will have to pick up the slack and stand on their own feet without so much dependence on the Fed. In my opinion the Fed has been overly generous to foreign institutions and this should stop. The ECB needs to learn to take care of its own mess and not rely upon the Fed to help them.
- The Fed’s tapering off of their European support will also be a positive for Treasuries and American credits as spreads will begin to widen between the two groups. America will be seen, once again, as the safer haven causing some European money to flow into the American markets. External demand will have been increased by employing this part of my strategy.
- “Tapering off over time” should be the mantra. Baby steps should be the pace. The continuing strife in Europe will also help the United States as investors are forced to deal with more problems in Cyprus, Greece, Portugal, Spain, Italy and Slovenia. The difficulties in Europe will be positives for America as a result of relative safety and value.
- This is the course I would set and honest words backed up by policies that match those words will go a long way to preventing serious market erosion. The beginning will not be easy but the path can be contained if it is maneuvered properly. Market corrections will take place but giant upheavals can be avoided by a studious and honest approach. The Fed can also learn a lesson from Mr. Draghi and make forceful pronouncements that “it will do whatever is necessary” to maintain orderly conditions and then demonstrate this tactic if needed.
- “In his keynote speech at this week’s #FXDebates event in London, Lars Seier Christensen, the co-founder and co-chief executive of Saxo Bank, said the euro crisis had turned into a fatal disaster with huge consequences for the members involved.”
- The experiment was to see if Europeans could be forced into an even closer union – despite their wishes – by economic means, because the political means failed.” In this brief clip, Lars Seier Christensen, co-CEO and co-founder of Saxo Bank, tells an audience at the Saxo #FXDebates in London that the eurozone will eventually break up as Brussels claims even more power from nation states. He warns investors that Cyprus was indeed a template for bail ins and that outright confiscatory wealth taxes, disguised as solidarity payments, could be used to raise funds. “The governments of Europe need money, and the private sector has it. It is as simple as that. Be very paranoid,” he said, warning investors that the mattress may be a safer place to deposit money over the weekend than their bank accounts. “Frankly, it is a complete mess. And it is a mess that gets worse and worse every day,” is how the outspoken truthiness begins, adding, “anyone with a rational view of the world now sees the currency collaboration as a historic failure that can lead to even further fatal consequences for Europe and the continent’s competitiveness vis-à-vis the rest of the world.”
- Athens has threatened to arrest high school teachers if they carry out a strike this week, in a move seen as reassurance to Greece’s foreign bailout creditors that the country will not abandon its harsh austerity measures and unpopular reforms.
- The announcement marks the third time this year that the Greek government has invoked emergency laws to force strikers to return to work.
- Greece is due to receive €7.5 billion in loans soon, the latest tranche of a €240-billion rescue package signed in 2010; Athens currently has no money to pay pensions and wages. To cope with the personnel gaps, Athens plans to require two additional hours of work each week from high school teachers, and plans to transfer 4,000 of them to remote regions of the country.
- The government broke a longstanding taboo last month by agreeing to dismiss some 15,000 public-sector workers by the end of 2014, a key demand by the EU and International Monetary Fund for Greece to qualify for further rescue loans, Reuters reported.
- According to OLME, the union representing the teachers, about 10,000 part-time teachers could be dismissed once their temporary contracts expire. The union has called for a 24-hour strike when university exams start on May 17.
- However, under Greek law the government has the right to forcibly mobilize workers in the event of a civil disorder, natural disaster or public health risk.
- “This is a very authoritarian move from the government because it has issued civil mobilization orders for secondary education teachers in the public school system even before they decided to stage a strike during the university entry exams. Geek law is very explicit that civil mobilization refers to wars and natural disasters, not forms of civil protest,” Panagiotis Sotiris, sociology lecturer at the University of the Aegean, told RT.
[stextbox id="x22report"]This seems to be in line with the article that says that trillions of dollars is heading back to the U.S. in the next couple of weeks.[/stextbox]
- Gold expert Nick Barisheff says the plunge in the gold price is sparking demand. Barisheff contends, “Usually when there is a big drop in price of paper, there is also a drop in demand on physical gold. This is the first time I can remember that it has gone the opposite way. People are perceiving the drop in price as a gigantic buying opportunity. It’s on sale at a lower price.” The dollar is going to dramatically lose value. Barisheff predicts, “What’s different than the other 65 hyperinflations is, this time, we are going to have global hyperinflation.” Barisheff says nothing has changed to justify gold’s dramatic price drop. Barisheff says, “When I listened to the debt ceiling debate in 2011, it became crystal clear the debt situation wasn’t going to get resolved. So, it is accelerating, and the relationship between the U.S. debt and gold is almost a perfect correlation.” Join Greg Hunter as he goes One-on-One with Nick Barisheff, President and CEO of Bullion Management Group, and author of the new book “$10,000 Gold.”
[stextbox id="x22report"]Couldn’t get anywhere with Chemical weapons, bombing Israel, Israel bombing Syria, Humanitarian reasons, nothing worked to get the American people all revved up to go to war. To get the war going they bombed Turkey.[/stextbox]
- Despite harsh rhetoric, Turkey won’t take any action against the Syrian government of Bashar Assad without getting a go-ahead from Washington, Middle East expert, Jeremy Salt, told RT.
- Turkish authorities have detained nine people in connection with Saturday’s deadly car bombings in a town near the Syrian border.
- Two blasts killed 46 and injured over 100 as Turkey was quick to blame Syrian intelligence for the attack, but the government in Damascus denies all the accusations.
- Middle Eastern history and politics professor at Bilkent University in Turkey, Jeremy Salt, says it’s the Islamists among the Syrian rebels, who look the only party to benefit from the attacks.
[stextbox id="x22report"]Cyber attacks are on the rise, Two senior officials who have been briefed on the new intrusions say they were aimed largely at the administrative systems of about 10 major American energy firms. Hmmm, what do they mean when they say energy firms, do they mean power grid?[/stextbox]
- A new wave of cyberattacks is striking American corporations, prompting warnings from federal officials, including a vague one issued last week by the Department of Homeland Security. This time, officials say, the attackers’ aim is not espionage but sabotage, and the source seems to be somewhere in the Middle East.
- The targets have primarily been energy companies, and the attacks appeared to be probes, looking for ways to seize control of their processing systems. The attacks are continuing, officials said. But two senior administration officials said Sunday that they were still not certain exactly where the attacks were coming from, or whether they were state-sponsored or the work of hackers or criminals.
- “We are concerned by these intrusions, and we are trying to make sure they don’t lead to something much bigger, as they did in the Saudi case,” said one senior American official. He was referring to the aggressive attack last summer that affected 30,000 computers at Saudi Aramco, one of the world’s largest oil producers. After lengthy investigations, American officials concluded that Iran had been behind the Saudi Aramco attack.
- Another official said that in the new wave of attacks, “most everything we have seen is coming from the Middle East,” but he did not say whether Iran, or another country, appeared to be the source.
- Last week’s warning was unusual because most attacks against American companies — especially those coming from China — have been attempts to obtain confidential information, steal trade secrets and gain competitive advantage. By contrast, the new attacks seek to destroy data or to manipulate industrial machinery and take over or shut down the networks that deliver energy or run industrial processes.
- That kind of attack is much more like the Stuxnet worm that the United States and Israel secretly used against Iran’s nuclear enrichment plants several years ago, to slow Iran’s progress toward a nuclear weapons capability. When that covert program began, President Obama, among other officials, expressed worry that its eventual discovery could prompt retaliatory attacks.
- Two senior officials who have been briefed on the new intrusions say they were aimed largely at the administrative systems of about 10 major American energy firms, which they would not name. That is similar to what happened to Saudi Aramco, where a computer virus wiped data from office computers, but never succeeded in making the leap to the industrial control systems that run oil production.
- The Washington Post first reported the security warning on Friday. Over the weekend the Obama administration described what had led to the warning. Those officials began describing the activity as “probes that suggest someone is looking at how to take control of these systems.”
- According to one United States official, Homeland Security officials decided to release the warning once they saw how deeply intruders had managed to penetrate corporate systems, including one that deals with chemical processes. In the past, the government occasionally approached individual companies it believed were under threat. Last week’s warning “is an effort to make sure that the volume and timeliness of the information improves,” in line with a new executive order signed by the president, one senior official said.
5.13.13 – Americans see doom and gloom in future
- Nearly half of Americans believe the next generation will be worse off than the current one, according to a new poll.
- Just 52 percent think America’s best days are still ahead of it, while 48 percent said they think the best days of our nation are gone, the WND poll by Wenzel Strategies found.
- “This is likely a function of the on-going economic malaise in the country and a reflection of the fact that there is precious little leadership in Washington to solve nagging problems in the nation,” said pollster Fritz Wenzel.
- The telephone survey was conducted from April 25-29 and has a margin of error of 3.03 percentage points.
- The poll found that just 51 percent of Americans believe their own life is better than their parents.
- Get “Taking America Back,” Joseph Farah’s manifesto for sovereignty, self-reliance and moral renewal
- “The survey makes it clear the Americans believe we have hit the pinnacle during their lifetime, and that the lives the next generation will lead will be worse. While 51 percent said they believe their life is better than that of their parents, just 30 percent said they think the lives of the next generation will be better,” Wenzel said.
- Another night; another Japanese government bond futures halt. The last 2 days have seen JGB prices plunge at the fastest rate since the post-Lehman debacles in Sept/Oct 2008 smashing back to 13 month highs. 5Y yields are surging even more – trading above 34bps now (up from 9.9bps on March 5th). These are simply astronomical moves in the context of JGB history and strongly suggest Abe & Kuroda are anything but in control of the quadrillion Yen domestic bond market as they jawbone inflation expectations into the psychology of the people. Of course, the Nikkei is surging (now up 9% in the last 5 days alone) amid JPY breaking above 102 (but for now it has rallied back to 101.80). Japnese interest rate implied volatility is surging once again also (after its epic collapse last week – which appears the worst-timed lifting of hedges ever, or more like a lifting of hedges into an unwind of actual long positions).
- The last 2 days (since JPY broke 100) have been tempestuous at best!!
[stextbox id="x22report"]I wonder what the elected officials in Washington are saying behind closed doors?[/stextbox]
- You can tell a lot about a politician’s character when they don’t realize that the microphone has been left on.
- A few air-headed New Jersey State Senators proved that claim on Thursday when they had their own unknown “open-mic” moment. Though this may never compare to King Obama’s intimate moment with Medvedev, it has to rank as one of the top ten open-mic moments in the history of communist America.
- The Examiner Reports:
- A microphone left on after the gavel fell at a New Jersey Senate Budget and Appropriations Committee hearing Thursday shows the “true view” of some of the senators toward gun owners, and provides proof that gun confiscation is a goal on which they agree, the Association of New Jersey Rifle and Pistol Clubs revealed in an email to members and supporters today. The group is the official NRA state association.
- “The discussion that was caught, apparently among several senators and staff, is outrageous, and reveals legislators’ true view of gun owners,” ANJRPC reports.
- “The discussion appears to be among Senator Loretta Weinberg (D37), Senator Sandra Cunningham (D31), Senator Linda Greenstein (D14), and at least one member of Senate Democratic staff,” the gun group’s email explains.
- Interesting lines allegedly coming from Weinberg, Cunningham, Greenstein and company include the following:
- “We needed a bill that was going to confiscate, confiscate, confiscate.”
- “They want to keep the guns out of the hands of the bad guys, but they don’t have any regulations to do it.”
- “They don’t care about the bad guys. All they want to do is have their little guns and do whatever they want with them.”
- “That’s the line they’ve developed.”
- The IRS has finally publicly admitted that patriots and Tea Party groups were being specifically targeted for “extra scrutiny”, but the truth is that top IRS officials knew that this intimidating and harassing behavior was taking place two years ago. A report by the Treasury Inspector General for Tax Administration that is going to be released this week shows that the targeting of patriots and Tea Party groups began as early as March 2010, and that the head of the IRS tax-exempt organizations division was specifically told about this targeting in June 2011.
- The timeline was part of a report by the Treasury Inspector General for Tax Administration, which has been investigating the IRS’ treatment of Tea Party groups at the request of Congress. The report is expected to be critical of the IRS actions. Excerpts obtained by USA TODAY provide a timeline investigators compiled through e-mails and interviews with IRS officials.
- It shows that on June 29, 2011, IRS officials in Cincinnati told Lerner how they were handling applications for tax-exempt status for Tea Party groups. Certain groups, the briefing paper showed, were subjected by the IRS to further investigation based on politically loaded terms in the tax-exempt application file. Groups were singled out for enhanced scrutiny if:
- • The words “tea party,” “patriots,” or “9/12 project” appeared anywhere in the group name or case file;
- • The group’s stated issues included government spending, government debt or taxes;
- • The organization had a goal of educating the public via advocacy or lobbying to “make America a better place to live;”
- • Any statements in the case file critical of how the country is being run.
- Though the following 2002 court case ended with the liberal Ninth Circuit ruling that, “the Second Amendment to the United States Constitution does not guarantee individuals the right to bear arms,” at least one judge stood in dissent.
- In his dissent, Judge Alex Kozinski argued with the very reasoning our founding fathers used to include the right to bear arms in the U.S. Constitution to begin with.
- It may be a decade since the Ninth Circuit attempted to rewrite our fundamental law of the land (a move that was eventually nullified by the U.S. Supreme Court), but Kozinski’s views on our right to bear arms ring as true to Americans today as they did over two hundred years ago when our founders argued the same.
- But we shouldn’t take Kozinski’s views simply as opinion. His is a lesson of history, and one that the likes of Washington, Adams, Jefferson and Franklin knew well. It’s not often discussed in our pedagogic institutions, nor in the political playing field, because it is considered too controversial of a topic, especially in today’s hyper-sensitive anti-self defense pro-state culture:
- All too many of the other great tragedies of history – Stalin’s atrocities, the killing fields of Cambodia, the Holocaust, to name but a few – were perpetrated by armed troops against unarmed populations. Many could well have been avoided or mitigated, had the perpetrators known their intended victims were equipped with a rifle and twenty bullets apiece, as the Militia Act required here. If a few hundred Jewish fighters in the Warsaw Ghetto could hold off the Wehrmacht for almost a month with only a handful of weapons, six million Jews armed with rifles could not so easily have been herded into cattle cars.
- My excellent colleagues have forgotten these bitter lessons of history.
- The prospect of tyranny may not grab the headlines the way vivid stories of gun crime routinely do. But few saw the Third Reich coming until it was too late.
- The Second Amendment is a doomsday provision, one designed for those exceptionally rare circumstances where all other rights have failed – where the government refuses to stand for reelection and silences those who protest; where courts have lost the courage to oppose, or can find no one to enforce their decrees.
- However improbable these contingencies may seem today, facing them unprepared is a mistake a free people get to make only once.
- Judge Alex Kozinski dissenting in Silveira v. Lockyer, 328 F.3d 567 (9th Circuit 2003) Full Text
- Sen. Jeff Sessions (R-Ala.) entered a letter from law enforcement officials nationwide warning of the dangers of the immigration bill S.744 into the judiciary committee record today.
- The letter To Congress from the National Immigration and Customs Enforcement (ICE) Council of the American Federation of Government Employees Affiliated with AFL-CIO warns of the discretionary power the bill gives to “political appointees” and takes away from law enforcers:
- “Congress can and must take decisive steps to limit the discretion of political appointees and empower ICE and CBP to perform their respective missions and enforce the laws enacted by Congress. Rather than limiting the power of those political appointees within DHS, S. 744 provides them with nearly unlimited discretion, which will serve only to further cripple the law enforcement missions of these agencies.”
- They warn that the Senate immigration bill gives DHS Sec. Janet Napolitano “virtually unlimited discretion to waiver” prohibitions on obtaining legal status, such as criminal activity or previous deportation:
- “This same section (Section 2101 of S. 744) gives the Secretary of Homeland Security virtually unlimited discretion to waive any manner of crimes that would otherwise make an individual ineligible for legal status––for such expansive reasons as family unity, humanitarian purposes, or what the Secretary believes is in the public interest.”
- “At least two of these standards appear undefined by S. 744 or current law, providing political appointees with broad authority to establish their own definitions of these terms and pardon criminal acts under almost any circumstance.”
- “The bill states that individuals who have previously been deported or otherwise removed from the country are ineligible to apply for legal status. However, the Secretary is given the ‘sole and unreviewable discretion’ to waive that ineligibility for large classes of qualifying aliens.”
- Twelve people are being treated for gunshot wounds following a shootout at a second line parade on Mother’s Day in New Orleans. The youngest victim in the surprise attack was 10 years old, according to a local resident.
- Over 100 people were participating in the residential festival, on Frenchmen Street, in the north of the city, when several shots were fired. The incident occurred around 2pm local time on Sunday.
- Police confirmed the number of casualties stood at 12 following some discrepancies in initial hospital reports, suggesting that between five and 11 may have been injured.
- Police believe three suspects were responsible for the gunfire. A door-to-door search is being conducted in the hopes of tracing one or more of them.
- “The shots just started ringing out, and everybody just started running, and the next thing I heard, 10-15 people got shot,” one witness told local station WDSU.
- No fatalities have been confirmed, but three are reportedly in a critical condition.
5.12.13 – European Banking – It Is Getting Scary
- The past week was not only characterized by US equity markets making one all-time high after another. Much less excitement was associated with one frightening message after another related to the state and prospects of the (European) banking sector.
- On Thursday, Reuters announced that G7 finance chiefs are coming together to discuss a bank reform push. We do not know the real agenda and underlying motives of the G7 meeting but put in our own simple words: this stinks. Reuters writes: “Some of the world’s most powerful finance chiefs will meet on Friday and Saturday to try to speed up banking and finance reforms, with Cyprus’ near meltdown fresh in their minds.” Today, Saturday May 11th, a reaction appeared on Reuters in which the German finance minister points to Japan being the big risk. Weren’t the talks supposed to be about the banking reform in Europe? Apparently there is something worse going on which is revealed by the title of the piece euro zone crisis no longer main risk to the global economy. So we were correct when we wrote back in February that the currency war had officially started with Japan’s announcements about their monetary stimulus.
- Earlier this week, Iris Times wrote that Ireland which has the presidency of the European Council, will propose the ‘bail-in’ of large depositors in case of European bank collapses. “Discussions on the controversial bank resolution regime, which is likely to see savers with deposits over €100,000 “bailed in” as part of future bank wind-downs, are due to intensify this week in Brussels, ahead of Tuesday’s meeting, which will be chaired by Minister for Finance.”
- The following quote proves there is almost a full consensus among European leaders about the bail-in confiscation of its citizens. A German site reported the following (translated):
- Part of the ECB, the EU and central banks agree when it comes to depositors’ role in saving the European banks. Jörg Asmussen (…) made clear in the EU Parliament they will “obtain” access to savings account holders.
- Based on the lessons learnt from Cyprus, Asmussen believes “we urgently need a European framework for the operation of financial institutions.” This framework should contain some rules related to refinancing of banks by their depositors. Asmussen points to bail-in rules, the possible confiscation of assets and preferred creditors.
- So we should have had trust in Mr. Dijsselbloem’s statement when he said that Cyprus was a template for the future, although he admitted the day after not knowing what the word “template” means (source). Good citizens should have confidence (emphasis added) in their leaders, right?
- As reported by local media, billionaires are gathering on the island of Kiawah, located near South Carolina. The story broke on May 10, but the meeting was reported to have started on the 8th. “Suspicion was raised when nearly 20 very expensive jets were seen lined up at the Charleston International Airport on Johns Island,” reported WBTW.
- The meeting is reportedly being led by Bill Gates of the Bill and Melinda Gates Foundation. The public has been kept away from the hotel which is hosting the meeting. Other reported attendees include Michael Bloomberg of New York, Oprah Winfrey and Billionaire Warren Buffet. The potential Presidential hopeful Jeb Bush is also reported to be attending.
- A similar meeting took place in 2009 in New York at the home of Sir Paul Nurse, President of the Rockefeller Foundation. Familiar names were in attendance including Bloomberg, Gates, and Winfrey. The London Times reported that the meeting discussed plans to “curb overpopulation.” As to the secrecy of this 2009 meeting, a guest said, “They wanted to speak rich to rich without worrying anything they said would end up in the newspapers, painting them as an alternative world government.”
From everything I am reading and from everything I know, the central bankers and government need to do the following.
1. Create some type of event to get us into WWIII. The original plan has not worked and the American people are not going along with it. Boston, Chemical Weapons, Syrian Humanitarian Help all did not work.
2. The economic collapse is pushing forward, we have been warning that the stock market, treasury bond, derivative market, and housing are all in a bubble. We also have information that trillions of dollars are headed back to the U.S. (inflation) and the FED will slow monetizing the debt and purchasing bonds and real estate.
3. All the laws that were passed to control the American people during a collapse, the bill that was passed to pay China and other foreign nations first when a collapse occurs, the FDIC/Bank of England Bail in document to rob the people of their money from banks.
All of these things lead to one thing a major false flag, this could be bombs in populated areas, planes hitting more buildings, chemical disbursement or cyber attacks.
- This is a short but urgent warning: A false flag event, an act of war, a bombing or some other headlines-grabbing orchestrated event is very likely to occur in the next seven days precisely because the Obama administration is under intense fire right now and needs a quick distraction. In stage magic, it’s called the “art of misdirection.” In politics, it’s called the “Clinton method.”
- This is exactly what Bill Clinton did over and over again during his administration: Any time he was about to be raked over the coals for some political scandal, he would simply order the bombing of another “terrorist factory” somewhere around the globe. Magically, the Clinton News Network (CNN) would shift coverage to this heroic act of “national defense” and stop asking questions about his scandal back at home. That would give the Clinton administration enough time to intimidate, threaten or murder whoever might have been involved. (Vince Foster, remember?)
- Right now, Hilary Clinton and President Obama are facing the possible downfall of their political careers over the Benghazi cover-up. Thanks to recent testimony, we now know that the Obama administration actually ordered the stand-down of U.S. military forces, directly causing the death of a U.S. ambassador as well as those in the embassy who attempted to save his life.
- This is a scandal many times more explosive than Watergate. As the Benghazi investigation unfolds, it may very well end up in the forced resignation of Obama himself.
- Watch for a major event in the next 7 days
- Understanding this, there is a high probability of a false flag event occurring within the next seven days: A staged terror attack on a U.S. embassy, a shooting on U.S. soil, a bombing of a government building, someone blowing up a bridge… anything to get the attention off Benghazi-gate.
- FBI agents are no doubt scurrying across the country right this very minute, taking inventory of all their pre-planned terror plots and trying to determine which one they can make “real” at short notice. The FBI, in case you didn’t know, openly plots and carries out terror attacks all across the USA in order to show that it’s “stopping terrorism.” This has been confirmed by the New York Times, which rarely admits anything true about terror plots.
- Whatever it is, this false flag event needs to be visually and emotionally shocking. So expect children to be sacrificed as part of it. Nothing grabs headlines on CNN faster than the blood of children, and that’s what Hilary Clinton needs right now more than anything else: a powerful, revolting distraction from her own abject criminality.
- And believe me, these people would order a thousand children killed if it was necessary to save their political careers. Have no illusions about the kind of power-addicted monsters who are running the U.S. government today. There is nothing they won’t do to weasel out of being caught in a devastating lie.
- I hope I’m totally wrong about this prediction, but just in case you may want to be extra vigilant for the next week or so, and if something does happen, don’t believe the White House narrative which is almost 100% guaranteed to be complete fiction.
- The first three days after a crisis is relativity calm and it can be called a gracious period where people help others and provide a hand up to the less fortunate. Rules are followed and pilfering supplies or looting a grocery store is far from people’s minds at this point. Survivors are thinking in the back of their mind that the authorities (government) are marshalling troops to provide disaster relief.
- The chaos caused by the disaster itself can however, pale in comparison to the turmoil that certain citizens themselves can cause after three days or more. Once people realize their government is ill equipped to handle the situation desperation creeps in. Antagonists and others sense this and begin whipping up crowds with the guise of demanding support from the government when in reality the so-called anarchists simply want to take advantage of the situation. They want to further the notion that government should be abolished, by emphasizing the lack of response thus far. Demonstrations turn into riots.
- Demonstrators for the most part do not even know why they are marching; someone is doing their thinking for them. This is mob mentality. Collectively they will destroy buildings, cause physical harm to others and try thwarting any kind of authority and yet, many as individuals would never dream of doing such things. If you do not believe this can happen where you live, remember hurricane Katrina and super storm Sandy, and watch the world news to see the riots and mobs gathering to protest governmental policies. During a crisis many turn to their government for help, and when that help is not forthcoming those same people will turn against their government and then each other.
- Prepare Yourself
- People panic because they do not know what to do next. If you are prepared for a crisis, you will know what to do next. However, you may be caught up in civil unrest and it may force you to evacuate your community. You may have to relocate within your own city if evacuation to a safe haven outside the city is not possible.
- You cannot become trapped on the upper floors of an apartment building. You may experience power disruptions and once you lose electricity, the stairwells and hallways become ambush points. Find a vacant apartment at ground level, and take it over for the time being. You need to be at ground level to escape if looters or others set fire to your building or otherwise make it too dangerous to live there. You need a quick escape route. If the crisis is, city or countrywide many will have already fled so there will be resources you can use for the time being.
- Push heavy furniture against entry points and tape or nail nylon or canvas tarps, sheets of plastic or blankets over all windows to slow down an intruder long enough for you to escape. Do not barricade yourself to the point you do not have a way to escape however. You may not be able to stop a determined intruder but you can slow one down enough for you to get away. Unless you are specifically targeted, some if not most looters will move on to an easier target if they meet resistance, so make it difficult for them.
- Having emergency supplies means you would not need to venture out, and even if you did, you may find most of the stores are closed or have been looted.
- Some Interesting Facts about Riots and Looting
- According to eyewitnesses and from police records, food items are the last to be looted during civil unrest (rioting). Drugs specifically pain killers, diapers, alcohol and tobacco products are the first to go and then weapons and ammunition. Food remained on the shelves in some cases untouched for three days or longer during major riots. After four or five days, people begin trying to steal gasoline and even generators along with vehicles. After a few days of venting frustration at the government, rioters will find others to vilify thus, excusing their actions. Retailers and bankers will be next and after four or five days into the civil unrest, you are next on the list.
- Protect Yourself
- Stay off the streets particularly at night and if you have to venture out do not go near commercial areas because that is where looting and other criminal activity will be most active. Ideally, you will know your neighborhood so you do not become trapped in dead end alleyways, and you know where all the dead end or cul-de-sac streets are.
- When traveling or evacuating make sure you map out your routes so you do not have to use pedestrian walkways on bridges and that you avoid tunnels and overpasses, as well, to keep from becoming trapped.
- Prepare for civil unrest just as if you would for any disaster, have adequate supplies of water, food and other essentials and always keep the possibility of evacuation in mind. Make sure every member of the family has a backpack with survival essentials. You may have to leave on foot so prepare for this possibility as well. Successful evacuations only happen if you prepare and leave before there is a mass exodus from the city.
5.12.13 – Obama Breeds Rebellion Among the States
- The resistance to Obamacare is writing a new chapter in U.S. history. It may well become the most unpopular law since Prohibition became an Amendment to the Constitution in 1919. By 1933, another Amendment repealed it.
- Obamacare passed by a straight Democratic party vote on Christmas Eve in 2009. No Republican voted for it and, as one poll recently revealed, a third of Americans are still unaware it is the law of the land. A divided Supreme Court gave it a pass, calling it a tax, but it is a profoundly unconstitutional law insofar as the federal government may not pass a law that requires Americans to purchase something and to fine them if they do not. It is also playing havoc with the economy, delaying recovery as it deters hiring and encourages firing.
- Nonetheless, a number of states have gone on record seeking to nullify its enforcement and some are doing the same as regards gun control. Arizona became famous when it passed its own immigration law in response to the federal government’s failure to protect its border. The proposed “Gang of Eight” immigration law is facing stiff opposition for its various provisions, most of which do not address the central issue of security on the southern border.
- How out of touch is the President? He went to Mexico and blamed the violence arising from its drug cartels on America, saying “Most of the guns used here to commit violence came from America.” He made no mention of the scandalous “Fast and Furious” scheme in which the ATF actually ran guns into Mexico, claiming they would track them. It took an executive order to throw a blanket of silence over it and a compliant media to ignore that scandal.
- It is, however, Obamacare that poses the greatest threat to the nation, intruding on the patient-doctor relationship, robbing billions from Medicare to pay for it, requiring states to fund Medicaid when many are strapped to meet other needs, and putting 16% of the nation’s economy under federal control.
- A total of twenty-seven states have filed suit against Obamacare. Two federal judges have upheld its individual mandate to purchase health insurance and two others have ruled that it is unconstitutional.
- Twelve states have introduced versions of the Federal Health Care Nullification Act that was drafted by the Tenth Amendment Center. They include Texas, Montana, Wyoming, Oregon, Alabama, and Maine. All declare that Obamacare is “hereby declared to be invalid, shall not be recognized, is specifically rejected, and shall be considered null and void and of no effect.”
- The White House scrambled yesterday to counter the damaging leak of internal government e-mails that showed the State Department deliberately excising mention of al Qaeda links to the Benghazi attack that killed four Americans.
- Outraged Republicans are now calling the administration’s actions a coverup.
- A top aide to former Secretary of State Hillary Clinton persuaded colleagues in government to omit any mention of al Qaeda affiliates in the “talking points” the administration created in the immediate days after the attack on the US diplomatic facility in Benghazi, Libya, the leaked e-mails reveal.
[stextbox id="x22report"]A college degree does not guarantee a job, The report, from the Center for College Affordability and Productivity, concludes that while college-educated Americans are less likely to collect unemployment, many of the jobs they do have aren’t worth the price of their diplomas. Many of the college graduates are either not working or working at jobs that have nothing to do with their degrees.[/stextbox]
- The latest fear on Wall Street is that record levels of margin debt may end up toppling the stock market rally. NYSE margin debt recently reached its highest level since 2007 before the last major stock market peak and credit crash. Stephen Suttmeier, technical research analyst at Bank of America, noted that margin debt, rose 28% in March from a year ago to $380 billion. That figure is slightly below the July 2007 peak of $381 billion, although analysts speculate that April’s margin debt totals(which haven’t yet been released) have already surpassed this mark.
- This week, the Wall Street Journal’s Ruth Simon reported private colleges are now offering record financial assistance to keep classrooms full.
- Some schools are now seeing just 20% of the students they accepted actually enrolling, versus the usual rate of 33%.
- So they have increased the “tuition discount rate”— the price after grants and scholarships — to an all-time high of 45%.
- Meanwhile, the median sticker price increased just 3.9% last fall, the smallest gains in 12 years. And at public schools, the sticker price climbed just 4.8%, also a 12-year low.
- For the Washington Examiner’s Michael Barone, this makes it official: the college bubble has finally burst:
- Applicants are negotiating bigger discounts than they used to. Market competition has kicked in.
- What has happened is that in a recessionary and sluggish economy potential customers have been figuring out that a college diploma may not be a good investment — particularly if it entails six-figure college loan debt that cannot be discharged in bankruptcy.
- The Millennial Generation that voted so heavily for Barack Obama — 66 to 32 percent in 2008, 60 to 37 percent in 2012 — has had a hard time finding jobs, even with diplomas in hand. Especially if their degrees are in gender studies or similar fields beloved of academics….
[stextbox id="x22report"]So they want a gun registry to track every gun, and now they want a people registry to track each person. This is very scary, drones in the air have the ability to zoom in on a persons face and identify that person and track them. Why would they need this in a free society?[/stextbox]
- Oh just another eight hundred page “bipartisan” bill that nobody will read, mainstream media will refuse to cover, and that will merely further destroy any remnants of freedom left in these United States. Never forget the George Carlin quote on bipartisanship:
- “Bipartisan usually means that a larger-than-usual deception is being carried out.”
- From Wired:
- The immigration reform measure the Senate began debating yesterday would create a national biometric database of virtually every adult in the U.S., in what privacy groups fear could be the first step to a ubiquitous national identification system.
- Buried in the more than 800 pages of the bipartisan legislation (.pdf) is language mandating the creation of the innocuously-named “photo tool,” a massive federal database administered by the Department of Homeland Security and containing names, ages, Social Security numbers and photographs of everyone in the country with a driver’s license or other state-issued photo ID.
- This piece of the Border Security, Economic Opportunity, and Immigration Modernization Act is aimed at curbing employment of undocumented immigrants. But privacy advocates fear the inevitable mission creep, ending with the proof of self being required at polling places, to rent a house, buy a gun, open a bank account, acquire credit, board a plane or even attend a sporting event or log on the internet. Think of it as a government version of Foursquare, with Big Brother cataloging every check-in.
- “It starts to change the relationship between the citizen and state, you do have to get permission to do things,” said Chris Calabrese, a congressional lobbyist with the American Civil Liberties Union. “More fundamentally, it could be the start of keeping a record of all things.”
- David Bier, an analyst with the Competitive Enterprise Institute, agrees with the ACLU’s fears.
- “The most worrying aspect is that this creates a principle of permission basically to do certain activities and it can be used to restrict activities,” he said. “It’s like a national ID system without the card.”
5.12.13 – U.S. Nuclear Aircraft Carrier Arrives In South Korea
- We’ve been dealing with the New York police department lately, thanks to the mayor and the police chief using the recent Boston bombing as an excuse to increase surveillance efforts and enact other policies to further encroach on New Yorkers’ civil liberties. Whenever something terrorist-related occurs, it seems as though the NYPD’s reps can’t keep their opinions to themselves, even as the department itself drifts further and further away from being a sterling example of How Things Should Be Done.
- In a recent Christian Science Monitor article dealing with “teenagers, terrorism and social media” (focusing on the recent Cameron D’Ambrosio arrest for making “terrorist threats” via some improvised rap lyrics posted to Facebook), Sgt. Ed Mullins of the NYPD shows up to make some very disturbing statements about your rights and responsibilities as a (mere) citizen. It starts with the worst kind of “policy” and goes downhill fast.
- Using a zero tolerance approach to track domestic terrorists online is the only reasonable way to analyze online threats these days, especially after the Boston Marathon bombing and news that the suspects had subsequently planned to target Times Square in Manhattan, Mullins says. The way law enforcement agencies approach online activity that appears sinister is this: “If you’re not a terrorist, if you’re not a threat, prove it,” he says.
- “Zero tolerance” is never “reasonable.” It never has been and it never will be. In fact, it’s the polar opposite. Zero tolerance policies simply absolve the enforcers of any responsibility for the outcome and grant them the privilege of ignoring mitigating factors. It allows them to bypass applying any sort of critical thinking skills (the “reason” part of “reasonable”) and view every infractions as nothing more than a binary IF THEN equation.
- Mullins goes even further than this, though, asserting that the burden of proof lies with the person charged, not the person bringing the charges. This flips our judicial system on its head (along with the judicial systems in many other countries) and, if applied the way Mullins views it, puts accused citizens in the impossible position of trying to prove a negative. This is just completely wrong, and it’s a dangerously stupid thing for someone in his position to believe, much less state out loud. (Mullins also heads the Sergeants Benevolent Association, the second-largest police union in New York City.)
- Believe it or not, Mullins is not done talking. What he says next doubles up on the “dangerous” and “stupid.”
- “This is the price you pay to live in free society right now. It’s just the way it is,” Mullins adds.
[stextbox id="x22report"]If trillions of dollars floods main street we could very well see inflation hit, it will be like a huge wave hitting America, first as the wave builds the money supply contracts and we see deflation but when the wave pushes forward the money supply crashes and hits the shores of America we see inflation.[/stextbox]
- Word on the “street” is that there are trillions of unused, unwanted US dollars coming back to flood our markets in the next few weeks!!! Do with it what you will!
- Funny… I didn’t see CNBC carry this story yet… I wonder why not…
- Is this the reason the FED is going to be stopping QE?
- The Fed Has Started Talking About Ending Its Economic Stimulus Program
- Wall Street Journal reporter John Hilsenrath is so plugged in at the Federal Reserve that he has earned the nickname “Fed Wire.”
- Whenever the Fed wants to start sending a new message to Wall Street, the story goes, they call up John Hilsenrath.
- And then, thanks to Hilsenrath’s excellent articles, by the time the actual announcement comes out, it’s no big deal, because everyone already knows about it.
- Right now, we export a lot of our inflation. Each year, we buy far more from the rest of the world than they buy from us, and so the rest of the world ends up with giant piles of U.S. dollars. This works out pretty well for them, because the U.S. dollar is the primary reserve currency of the world and is used in international trade far more than any other currency is. Back in 1999, the percentage of foreign exchange reserves in U.S. dollars peaked at 71 percent, and since then it has slid back to 62.2 percent. But that is still an overwhelming amount. We can print, borrow and spend like crazy because the rest of the world is there to soak up our excess dollars because they need them to trade with one another. But what will happen someday if the rest of the world decides to reject the U.S. dollar? At that point we would see a tsunami of U.S. dollars come flooding back to this country. Just take a moment and think of the worst superstorm that you can possibly imagine, and then replace every drop of rain with a dollar bill. The giant currency superstorm that will eventually hit this nation will be far worse than that.
[stextbox id="x22report"]Thank god for the citizens who have prepped and stocked up on ammunition. [/stextbox]
- The Department of Homeland Security may be in possession of nearly two billion rounds of ammunition, but despite claiming it’s being stockpiled for the safety of Americans, they’re not sharing.
- The shortages of popular ammunition rounds has made it difficult for average citizens to acquire most calibers of ammunition through regular retail channels, but the empty shelves don’t stop there.
- Police departments across the country are scarmbling to find ammunition for training and enforcement, and they’re being told that the delays for delivery are 6 – 8 months.
- This prompted Proctor, Minnesota police chief Walt Wobig to send out a call for help:
- The Chief says he was told he’d have to wait months, even a year to get more ammo.
- “I was really surprised, let’s just put it that way,” said Chief Walt Wobig of the difficulty getting ammunition.
- Woberg says that when he asked suppliers for the 1,000 rounds of ammo his officers needed for training, he was told he’d have to wait months.
- “I go, ‘Do you have 40–caliber qualification rounds?’ And they go, ‘Well, no. It’s going to take six to eight months [to get them],’” said Wobig of a conversation with a manufacturer.
- Retailers say the nationwide shortage is due in part to people stockpiling ammunition in response to recently proposed gun legislation.
- “It was getting a little short last fall, so they were already behind, but there definitely is panic,” said Superior Shooters Supply owner, Pat Kukull of the shortage, “We’ve [the store] been here for 35 years and I’ve never seen anything like it.”
- With the Proctor Police Department in need of ammunition, the Chief sent out a call asking for help. Who answered? The very people his officers are sworn to protect.
- “The citizens were like, ‘If you need something, we got plenty here,’” said Wobig.
- A citizen and a Proctor police officer loaned their personal ammunition to the Department, a total of 1,500 rounds. The Chief says others were willing to help too.
- Wall Street Journal reporter John Hilsenrath is so plugged in at the Federal Reserve that he has earned the nickname “Fed Wire.”
- Whenever the Fed wants to start sending a new message to Wall Street, the story goes, they call up John Hilsenrath.
- And then, thanks to Hilsenrath’s excellent articles, by the time the actual announcement comes out, it’s no big deal, because everyone already knows about it.
- And now John Hilsenrath is reporting that the Fed has started talking about when and how to end its latest economic stimulus program:
- Federal Reserve officials have mapped out a strategy for winding down an unprecedented $85 billion-a-month bond-buying program meant to spur the economy—an effort to preserve flexibility and manage highly unpredictable market expectations.
- Officials say they plan to reduce the amount of bonds they buy in careful and potentially halting steps, varying their purchases as their confidence about the job market and inflation evolves. The timing on when to start is still being debated.
- Bank of America issues `bond crash’ alert on Fed tightening fears
- The return of confidence and healthy growth in the US risks setting off a “bond crash” comparable to 1994 and triggering a string of upsets across the world, Bank of America has warned.
5.11.13 – Visualizing The Shrinking Dollar
[stextbox id="x22report"]Cash is King, Not!!!!!![/stextbox]
- The almighty dollar is looking less mighty these days. By almost every measure, the purchasing power of the US dollar is in precipitous decline.
[stextbox id="x22report"]So what are they trying to say, a homegrown militant using a pipe bomb blew up the plant. Here comes the propaganda. If you look at the video below it sure looks like a missile to me. This is my theory, the Boston Bombing was falling apart, to many people had cameras to many questions were asked, they need time and a distraction so they blow up the plant in Texas. The news was focused on Texas plant for an entire day while they reorganized their plan. This should be interesting[/stextbox]
- A first responder to the huge explosion last month at a Texas fertilizer plant was arrested Friday for possessing a pipe bomb – but officials aren’t linking his arrest to the deadly incident. The probe, however, is now a criminal matter, they said.
- The arrest Friday of a first responder to the deadly April 17 fertilizer plant blast in West, Texas, on explosives charges, is a new wrinkle that may call into question whether the incident that killed 14 people – including 12 firefighters and paramedics – was in fact a tragic industrial accident, as most people in the area believed.
- Texas authorities arrested Bryce Reed, a paramedic with West Emergency Medical Services, at 2 a.m. Friday and have since charged him with possession of a pipe bomb. Mr. Reed was among those who responded first to the fertilizer plant explosion and served for a time as incident commander at the site. He was also shown giving a taped eulogy for explosion victim Cyrus Reed at an April 25 memorial in Waco, Texas, attended by President Obama.
- “Keep an eye on this story, perhaps especially on the federal involvement,” writes Hot Air blogger Ed Morrissey. “Until now, no one had intimated that this might be a deliberate act.”
- Earlier today, news crossed the wire that the Britsh Embassy was pulling all non-essential staff from its Libya embassy, with the release of this warning: “Given the security implications of the ongoing political uncertainty, the British Embassy is temporarily withdrawing a small number of staff, mainly those who work in support of Government Ministries which have been affected by recent developments.” Moments ago, perhaps in an attempt to avoid the humiliation suffer by Hillary Clinton and the Benghazi fiasco, Fox News reports that “The U.S. military has alerted two elite military units in Europe to be on standby if needed to respond to a deteriorating security situation in Tripoli.”
- In recent days both the U.S. embassy and British embassy in Libya have removed non-essential staff from their embassies.
- A specialized Marine unit based in Moron, Spain, is in the process of being repositioned closer to Libya; and in Stuttgart, Germany, a special operations force assigned to AFRICOM has been placed on heightened alert.
- Neither team has moved yet.
- “We are repositioning assets in the region that could respond if necessary,” a senior military official told Fox News Friday. “If the situation deteriorates (in Tripoli) we would be positioned to respond.”
- The positioning comes after a series of disturbing security developments. Protests broke out Sunday in the capital. The U.S., Britain and France — the coalition that overthrew Muammar Qaddafi — issued a joint warning Wednesday to the militias to observe the rule of law, amid concerns about rising tensions between armed rival factions. In Benghazi, there were two explosions at police stations.
- Does this mean that following stern Russian resistance to US-Israeli military overtures in Syria, that particular conflict zone is put on hiatus, and now the geopolitical focus will shift back to the Arabian Spring’s ground zero? At least there’s some oil that may be in need of re-liberation there.
5.10.13 – Community Banks Brace for Cyberattacks
- Community banks, which have largely dodged a recent wave of cyberattacks, must prepare for the next major online assault.
- Big banks are getting the most attention from hackers, but smaller institutions could also be susceptible, industry experts warn.
- “Smaller and midsize banks believe it won’t happen to them,” says Cara Camping, product manager of managed security services at SunGard Availability Services. “But attackers will go after them. Everyone’s vulnerable.”
- U.S. intelligence officials have also issued warnings about cyberattacks as assaults have crippled the online and mobile banking platforms at banks such as Wells Fargo, JPMorgan Chase and Regions Financial.
- The Office of the Comptroller of the Currency has reached out to its banks to reinforce the need to stay vigilant, a spokeswoman says. At a recent meeting hosted by the Federal Reserve Board, a speaker said a cyberattack against smaller banks are inevitable, says Lowell Dansker, chairman and chief executive at Intervest Bancshares in New York.
- Many of the recent attacks have involved distributed denial of service, or DDoS, which flood a website with so much information that the bank can’t respond to legitimate requests. A study issued in December found that nearly two-thirds of respondents had experienced a DDoS attack in the last year.
- Hacktivists have claimed responsibility for many of attacks, which they characterize as a form of protest. But there are entities, such as organized criminal enterprises and foreign governments, that also target U.S. financial institutions, says Greg Bell, service leader for information protection at KPMG.
- Over the last five years, cybercriminals have moved from finding targets of opportunity — companies that lacked the proper security to thwart an attack — to specific victims. The latter strategy is more difficult to defend against, Bell says.
- “I hate to be a doomsayer, but you have to understand these guys are highly motivated and they only have to be right once,” Bell says. “We have to be right 100% of the time, so the odds are not in our favor.”
[stextbox id="x22report"]It’s amazing each government has there own version of what is going on. All we know is that the U.S. and Central bankers need to get into Syria and Iran to turn those countries back to the dollar and setup central banks in each of the countries. [/stextbox]
- Russia is not planning to supply Syria with any weapons beyond the current contracts that are nearing completion, Russian Foreign Minister Sergey Lavrov said. The news comes amid speculations that Moscow might sell S-300 air defense systems to Damascus.
- “Russia does not plan to sell,” Lavrov told reporters. He stressed that Russia has only been fulfilling contracts that have already been signed with Syria for defensive weapons.
[stextbox id="x22report"]Since it is not going well for the U.S. government backed forces, the Government and Central Bankers will need a new plan to push the war forward and gain the support of the American people. How can they accomplish this, they could plant small, bombs, nukes and blame it on Syria or Iran or they could use a cyber attack.[/stextbox]
- Calls for a war with Syria mounted yesterday, despite mass popular opposition to war in the United States, amid reports that US-backed Islamist opposition forces fighting the regime of Syrian President Bashar al-Assad have suffered serious reverses.
- Speaking on NBC News yesterday, Turkish Prime Minister Recep Tayyip Erdogan pressed for Washington to take military action against Syria.
- He repeated unsubstantiated allegations that the Assad regime has used chemical weapons, which have been refuted by UN investigator Carla del Ponte, claiming, “It is clear the regime has used chemical weapons and missiles.” Claiming that a “red line” had been crossed, he said: “We want the United States to assume more responsibilities and take further steps. And what sort of steps they will take, we are going to talk about this.”
- Erdogan dismissed out of hand reports that chemical weapons used in Syria were in fact used by the US-backed opposition.
- He stressed that his government would support US imposition of a “no-fly zone” in Syria, which would involve destroying Syrian air defenses and shooting down any Syrian aircraft that took to the skies.
- The calls for war come amid reports of major setbacks in Syria for the US-backed opposition, reflecting its small size and lack of popular support, and growing military assistance from Russia, Iran, and Lebanon for the Assad regime.
- From time to time, I have been highly annoyed with the school that my daughter attends. I have set up meetings with teachers, principals, and administrators. I have brought in paperwork and pleaded my case on a variety of topics. I have made scathing remarks. Once, I even had the utter audacity to argue a point with the principal with my daughter right there in the room, which is apparently a no-no because it “undermined the authority of the principal”.
- However, I haven’t yet gone on a rampage against which the police would need to come in and defend the school against me.
- They must do things differently in Puyallup, Washington.
- Did you catch that?
- “The idea was to test the response of police and firefighters to a situation that was right out of the news headlines.”
- What news headlines?
- I read a lot of news every day and these “angry parents” taking over a school at gunpoint, requiring SWAT intervention, somehow completely escaped my notice!
- Well, it must be true, because the police officer in charge said, “We’ve been dealing with this across the country for years.”
- Where? When?
- It’s very obvious what this actually is. It is desensitization training.
- verb \dē-ˈsen(t)-sə-ˌtīz\
- to make emotionally insensitive or callous; specifically: to extinguish an emotional response (as of fear, anxiety, or guilt) to stimuli that formerly induced it.
- So, by this definition, they want to make it easier for normally moral people to perpetuate an attack on a group of people that would ordinarily not be their targets. They don’t want these officers to have hesitation caused by anxiety or guilt before unloading on an “angry” mom or dad at a school.
- This is very similar to the recent scandal of the targets of gun owners that were supplied to the DHS in order to make it easier for them to fire upon everyday people. The targets included an elderly woman, an elderly man, a little boy, and a pregnant woman in a nursery.
- California Attorney General Kamala Harris sued J.P.Morgan Chase & Co. (JPM) in state court on Thursday, claiming the bank has “run a massive debt collection mill that abuses the California judicial process.”
- The attorney general alleges in the complaint that J.P.Morgan Chase, the nation’s largest bank by assets, robo-signed legal documents deployed in credit card debt-collections. Such signing is a practice previously used by banks in dealing with the massive number of home foreclosures, which led to regulatory sanctions.
- “At the heart of the defendants’ unlawful conduct is the rampant use of ‘robo-signing’ — a practice of signing declarations, affidavits, and other documents in mass quantities, typically hundreds at a time, without any knowledge of the facts alleged in the document and without regard to the truth or accuracy of those facts,” according to the complaint,
- Attorney General Harris said she demands J.P.Morgan Chase cease the alleged practices, which include flooding California courts with collection lawsuits and claiming inaccurate amounts–and compensate allegedly harmed borrowers.
- “From January 2008 through April 2011, Chase filed thousands of debt collection lawsuits every month in the State of California,” the Attorney General’s office said a news release. “On one day alone, Chase filed 469 such lawsuits in California.”
- The bank “employed unlawful practices as shortcuts to obtain judgments against California consumers with speed and ease that could not have been possible if Chase had adhered to the minimum substantive and procedural protections required by law,” according to the news release.
- SPOT MARKET gold bullion prices fell to two-week lows Friday, drifting lower towards $1440 an ounce during this morning’s London session before dropping sharply through that level, as stocks gained and most commodities fell as the Dollar strengthened against major currencies.
- Silver fell to $23.34 an ounce, while copper prices ticked higher.
- “The risk [for gold] is a break through support [will] test the $1322 low,” say technical analysts at bullion bank Scotia Mocatta, who cited $1440 an ounce as a key support level.
- Heading into the weekend, gold looked set for a 2.2% weekly drop by lunchtime in London, with silver down 2.6% on the week.
- The world’s biggest gold exchange traded fund SPDR Gold Trust (ticker GLD) meantime saw the volume of bullion held to back its shares climb to 1054.2 tonnes yesterday, the first daily addition mid-March. The GLD has seen its holdings fall by more than a fifth since the start of the year, taking them down to four-year lows.
- Deutsche Bank became the latest investment bank to cut its gold forecast Friday, with its analysts now projecting a 2013 average gold price of $1533 per ounce, down from the previous forecast of $1637. The 2014 forecast was cut from $1810 an ounce to $1500, with the 2015 forecast down from $1930 to $1450.
- On the currency markets, the US Dollar rose above the 100 Japanese Yen mark for the first time in four years Friday. The Dollar also added to gains made against the Euro Thursday, which followed the release of the lowest weekly US initial jobless claims figure since January 2008.
- “Gold’s been put a little bit under pressure because of the Dollar move,” says Afshin Nabavi, senior vice president at Swiss bullion refiner MKS.
- “Physical-related demand had been very strong up to yesterday. The lower gold goes, the more physical demand will come in.”
- “People in Hong Kong are still complaining about tight supply,” one dealer in Singapore told newswire Reuters Friday.
- Japan’s Nikkei 225 stock market meantime closed up nearly 3% Friday, hitting a five-and-a-half-year high as the Yen weakened against the Dollar.
- The Bank of Japan last month announced that it will double the monetary base over the next two years, buying between ¥60-70 trillion of assets a year, after prime minister Shinzo Abe said policymakers will do “everything possible” to achieve an inflation target of 2%.
- “Yesterday I had the opportunity to speak with one of the most courageous and astute women in the western world: By Karin Hudes, Ex Senior Advisor at the World Bank – which now appears as a whistleblower. It was a very important debate, because Karin Hudes worked 20 years at the World Bank as an economist and lawyer before she reported on the internal fraud and corruption in World Bank and was “Gone”.
- World Bank Whistleblower Karin said: “I am now struggling for years to make the Americans realize what is happening. I’m not penetrated, because this finance group has bought the press and systematically engaged in disinformation. This undermines the core of democracy. How citizens can vote without informed opinion without the information to which they are entitled? And so this stranglehold to offer the information is ending very soon.”
- It appears things are getting a little out of control around the world. Between the collapse in JGB implied volatilities in recent days, today’s melt-down in JPY (+255 pips from pre-open US levels), the last few days melt-up in the Nikkei (+6.8% in 3 days), and now the quadrillion Yen Japanese government bond market is halted limit down as yields smash higher by 11bps to 70bps in 10Y – the highest yield since mid-February. For context, this is the worst day in JGBs in five years (and 5Y yields are back near 13 month highs). So much for controlling the domestic bond market while ratcheting up inflation expectations – remember what happens as Japan’s cost of debt rises! And just to add some more fun, Japan’s economy watchers see the current economic climate dropping for the first time in six months (and household expectations also fell for the first time in six months).
- JGB Futures halted limit down…(from 12:39 Tokyo to 12:50) due to rapid price moves… exaggerated soon after the BoJ’s buyback efforts on JPY130bn
- Tonight, the Missouri State House voted to send Governor Jay Nixon what could arguably be the strongest defense against federal gun control measures in American history. The vote was 116-38.
- HB436, introduced by Representative Doug Funderburk in February, was initially passed by the House in April by a vote of 115-42. Last week, the State Senate approved the bill with an amendment which did not change any of its nullification aspects. The vote there was 26-6. The bill then needed one final vote in the house which happened just before 10pm local time this evening.
- The votes in both the House and Senate are by a strong veto-proof majority. Local activist Matt Radcliffe acknowledged as much when he said, “Governor Nixon can do nothing and it will automatically become law July 1st. Or he can sign it into law. Or he can veto it then his veto will be overridden in the house and it will become law anyway!”
- As law, HB436 would nullify virtually every federal gun control measure on the books – or planned for the future. It reads, in part:
- All federal acts, laws, orders, rules, and regulations, whether past, present, or future, which infringe on the people’s right to keep and bear arms as guaranteed by the Second Amendment to the United States Constitution and Article I, Section 23 of the Missouri Constitution shall be invalid in this state, shall not be recognized by this state, shall be specifically rejected by this state, and shall be considered null and void and of no effect in this state.
- 1. It’s Not Really Part of the Government
- 2. The Federal Reserve’s Primary Purpose is to Serve the Banks
- 3. The Federal Reserve is Paying Big Banks Billions in Interest
- 4. The Fed Has Destroyed the Dollar
- 5. The Federal Reserve Enables Government’s Profligate Spending
[stextbox id="x22report"]They are setting up something, they are warning us over and over to many times now. Now these attacks are linked to the Iranian government[/stextbox]
- The U.S. government on Thursday warned of a heightened risk of a cyberattack that could disrupt the control systems of U.S. companies providing critical services such as electricity and water.
- Officials are highly concerned about “increasing hostility” against “U.S. critical infrastructure organizations,” according to the warning, which was released by the Department of Homeland Security on a computer network accessible only to authorized industry and government users. “Adversary intent extends beyond intellectual property theft to include the use of cyber to disrupt . . . control processes.”
- Senior U.S. officials have warned in recent months that foreign adversaries are probing computer systems that operate chemical, electric and water plants. But they are also increasingly concerned about the threat of a potentially destructive cyberattack.
- U.S. intelligence officials have said they think those attacks were linked to the Iranian government. Saudi Arabia and Qatar are allied with Western powers that have tightened economic and oil sanctions against Iran in an effort to slow Iran’s nuclear program.
- DHS officials did not provide details on the nature of the latest threat, but there has been renewed concern among government and industry officials about cyber-activity out of the Middle East, particularly Iran.
- “There have been oil and gas companies that have seen increased activity out of Iran – not just U.S. but overseas companies,” said one industry official who was not authorized to speak for the record.
5.10.13 – House passes ‘Pay China First’ Act
[stextbox id="x22report"]According to the FED and the President the debt is no big deal, the economy is great and improving then why do we need a bill that says we need to pay China first when we default.Does this make any sense?[/stextbox]
- The Republican-controlled United States House of Representatives approved a bill on Thursday that would require the government to begin paying back foreign nations before spending funds on domestic items.
- House Resolution 807, The Full Faith and Credit Act, mandates rules to go into effect should Congress fail to raise the country’s borrowing limit and the debt ceiling is reached.
- If signed into law, the bill would outline an order in which the US would be required to pay off its debts: first people on Social Security and holders of US bonds would be compensated, and then items like Medicare and military benefits would be dealt with.
- Because the government would have to settle up its debt with bond holders first, foreign nations — particularly China — would be the first to receive payment in theory. Opponents of the bill has thus labeled HR 807 the “Pay China First Act,” a moniker that House Speaker John Boehner (R-Ohio) didn’t disagree with in an interview just days before it was passed.
- “Those who have loaned us money, like in any other proceeding, if you will, court proceeding, the bondholders usually get paid first. Same thing here,” Boehner told Bloomberg TV host Peter Cook on Tuesday.
- “Our goal here is to get ourselves on a sustainable path from a fiscal standpoint,” Boehner said. “I think doing a debt prioritization bill makes it clear to our bondholders that we’re going to meet our obligations.”
- But although a handful of Democrats in the House agreed to advance the bill, the largely left-leaning Senate is expected to shoot down the act when it arrives for discussion shortly. Additionally, the White House has warned that US President Barack Obama will veto the bill should it make it out of Congress and end up in the Oval Office.
- In a statement issued earlier this week, the White House wrote that the administration opposes HR 807 because it would result in Congress refusing to pay some obligations it has already agreed to, instead prioritizing payments in a way that won’t favor the American people.
- “American families do not get to choose which bills to pay and which ones not to pay, and the United States Congress cannot either without putting the Nation into default for the first time in its history,” the White House wrote. “This bill would threaten the full faith and credit of the United States, cost American jobs, hurt businesses of all sizes, and do damage to the economy.”
- Both the White House and Senate democrats have condemned the bill because national security and veteran benefits would be put on the backburner in lieu of compensating China, who held roughly 8 percent of the money borrowed by the US government as of last September.
- A bill passed late last night (93-7 votes) that declares the entire United States of America a battleground. What this means is that the U.S. Military can now operate with impunity, and grant the U.S. Military the unchecked power to arrest, detain, interrogate, and even assassinate United States citizens with impunity.
- What this means is the United States is basically declaring war with itself. We need to shed light on this and make sure it does not become a law, otherwise we should just say good bye to the Bill of Rights and everything America used to stand for.
- Cody Wilson ordered to send all information to the U.S. government. The Department of Defense and Control claims ownership of the information and must review files.
- Cody Wilson has been requested remove files from public download.
- Admiralty Law was sited.
- Department claims they have commodity jurisdiction over his creation.
- It’s hard to know what to make of this week’s record Dow performance except to say, “Don’t fight the Fed.” More than four years after the peak of the financial crisis, quantitative easing—the Federal Reserve strategy of buying up assets like bonds and mortgage-backed securities in order to goose the economy – is still going strong, and so is the market. The Fed is on track to purchase $85 billion worth of assets each month for the rest of this year, and “QE3” as this third round of Fed ammo is called may last even longer than that, given the latest jobs report. The Fed has said it won’t let off the monetary gas until unemployment is at 6.5%. April’s jobs numbers were better than expected, bringing the rate down to 7.5%, but most of the growth was in low wage sectors like retail and tourism. What’s more, most of the incoming economic indicators for the second quarter of the year – like factory orders, consumer spending, corporate profit margins, and GDP growth – will likely be weaker than in the first. If the economy remains sluggish, the Fed will remain active.
- But what’s bad for the real economy is—or at least has been–good for stocks. As I’ve explained before, the disconnect between underlying economic data and record stock prices is largely down to the Fed and its firepower. It’s worth noting that each round of QE has slightly less of an effect on the markets than the one before. But even people like PIMCO’s Bill Gross, who has publicly fretted for over a year about the bubble making effects of QE, are advising clients to take advantage of the Fed’s largesse and stay in equities for the time being, before gradually reducing riskier positions throughout the year. (Gross has a coffee mug on his desk that reads, “Don’t fight the Fed – but Be Afraid.”)
[stextbox id="x22report"]This is where our politicians are out of touch, they don’t realize that DHS is not to protect the American people from terrorists. Let’s look at some facts, there alert system was blank on that day, it showed no terrorists in the area of Boston. During the supposed cyber attack this week their alert system was blank again. They use the fusion centers to spy on Americans, to label them as domestic terrorist if we oppose the government, example occupy wall street, they have purchased ammo, weapons and tanks for the purpose of controlling Americans during the collapse. The entire Boston bombing was a false flag operation which went bad. Wake up congress take a look around you and see what is really going on. [/stextbox]
- Boston Police Commissioner Ed Davis entertained questions from the United States House Committee on Homeland Security Thursday morning as lawmakers learn if last month’s terrorist attack could have been prevented.
- The former senator took several opportunities throughout the hearing to offer criticism aimed at the DHS. “To put it bluntly, our homeland defense system failed in Boston,” he said in a statement offered before he took the microphone.
- Of particular concern, he would later explain, was how information sharing between agencies didn’t occur to a degree that ended with Tamerlan Tsarnaev being detained, or even deported, after Russian intelligence notified the US Federal Bureau of Investigation about him years before the attack.
- “Why didn’t the [Department of Homeland Security] notify the FBI and the Boston JTTF [Joint Terrorism Task Force] when its system ‘pinged’ that Tamerlan Tsarnaev had left America for Russia on his way to Dagestan?” Lieberman asked.
- “The whole point of the fusion centers and the Joint Terrorism Task Forces is to share information,” McCaul said. “The whole idea of information not shared defies why we even have a Homeland Security Department in the first place.”
- Yes America, You’ve Alawys lived in Not a De Facto, but a De Jure Police State, since 1933 National Emergencies Act was signed by FDR, and every single year since, when it has been renewed annually by every single subsequent Presidents.
- Obama, simply following honoring FDR’s Martial Law ‘Tradition,’ today:
- Obama Continues America’s NEVER Ending State Of Emergency! This Time Because Of SYRIA!
[stextbox id="x22report"]So it begins, the original document that started it all “FDIC/Bank of England” created in 12/2012, 3 months before Cyprus. Cyprus was the test of the document now they are spreading this all over Europe. Take your money before they do.[/stextbox]
- “The EU Commission wants future citizens open bank accounts anywhere indefinitely. This measure is especially the large international banks: they have more efficient ways to collect in Europe in case of a crash, the compulsory levy of bank customers.
- Too big to fail is from an EU perspective, without alternative and therefore conveying a decent business model. There is now also a fundamental right to the compulsory levy. For the banks.”
- The Spanish government has evidence that the savers have begun to bring their money to safety. Have to demand to Telepolis several banks confirmed that money was increasingly withdrawn, and transferred abroad. It repeats what Spain experienced in the spring of 2012. When the bank bailout and rescue application loomed, there was a massive flight of capital . The situation became so serious that the subject also had to be treated at government summits
- The conservative government in Madrid know that many Spaniards accounts abroad have opened. Overall, in 2012 already 180 billion euros flowed out of the country. This was an increase of 144 percent compared to 2011. Also easy saver had opened mainly to France, Andorra and Gibraltar, there to open accounts and stash money for emergencies such as in Cyprus. The situation in recent months had relaxed again in 2012, the Cyprus decision recovered confidence’ve stomped into the ground, experts are convinced.
- We almost got an entire 24 hour period that did not have news about imminent war rumblings out of Syria. Almost. Late last night WSJ reported about the civil war torn country (in which the rebels may or may not be using chemical weapons, but are backed by both Al Qaeda and the US government) again, this time on a leak by Israel having warned the US that Russians are “imminently” going to sell advanced ground-to-air missile systems to Syria “that would significantly boost the regime’s ability to stave off intervention in its civil war.” Supposedly this means that Israel would be unable to continue its unimpeded military incursions of Syrian sovereign airspace and blow stuff up at whim just because it feels like it, and for whatever pretext the Israeli defense forces come up with.
- Some details on what Syria is said to receive from Moscow via the WSJ:
- Israel has warned the U.S. that a Russian deal is imminent to sell advanced ground-to-air missile systems to Syria, weapons that would significantly boost the regime’s ability to stave off intervention in its civil war.
- The package includes six launchers and 144 operational missiles, each with a range of 125 miles, according to the information the Israelis provided. The first shipment could come over the next three months, according to the Israelis’ information, and be concluded by the end of the year. Russia is also expected to send two instruction teams to train Syria’s military in operating the missile system, the Israelis say.
- As for the whole farce surrounding Syria, ok, ok – we get it. By now even the cheap seat have grasped that Israel wants to not only start a war with Syria, but to preferably have the US fight it, but not before alienating public opinion against Russia and soon China.
It should come as no surprise that President Obama told Ohio State students at graduation ceremonies last week that they should not question authority and they should reject the calls of those who do. He argued that “our brave, creative, unique experiment in self-rule” has been so successful that trusting the government is the same as trusting ourselves; hence, challenging the government is the same as challenging ourselves. And he blasted those who incessantly warn of government tyranny.
Yet, mistrust of government is as old as America itself. America was born out of mistrust of government. The revolution that was fought in the 1770s and 1780s was actually won in the minds of colonists in the mid-1760s when the British imposed the Stamp Act and used writs of assistance to enforce it. The Stamp Act required all persons in the colonies to have government-sold stamps on all documents in their possession, and writs of assistance permitted search warrants written by British troops in which they authorized themselves to enter private homes ostensibly to look for the stamps.
These two pieces of legislation were so unpopular here that Parliament actually rescinded the Stamp Act, and the king’s ministers reduced the use of soldier-written search warrants. But the searches for the stamps turned the tide of colonial opinion irreversibly against the king.
The same king also prosecuted his political adversaries in Great Britain and here for what he called “seditious libel” – basically, criticizing the government. Often that criticism spread and led to civil disobedience, so the British sought to punish it at its source. The prosecutions were so unpopular here, and so contrary to the spirit of what would become the Declaration of Independence, that when the British went home and the Framers wrote the Constitution and the Bill of Rights was added, the First Amendment assured that the new government could not punish speech.
Yet barely 10 years into “our brave, creative, unique experiment in self-rule,” in the infamous Alien and Sedition Acts, Congress at the instigation of President John Adams criminalized free speech that was critical of the new government.
How did it come about that members of the same generation – in some cases the very same human beings – that declared in the First Amendment that “Congress shall make no law … abridging the freedom of speech” in fact enacted laws that did just that?
As morally wrong, as violative of the natural law, as unconstitutional as these laws were, they were not historical incongruities. Thomas Jefferson – who opposed and condemned the acts (he was Adams’ vice president at the time) – warned that it is the nature of government over time to increase and of liberty to decrease. And that’s why we should not trust government. In the same era, James Madison himself agreed when he wrote, “All men having power should be distrusted to a certain degree.”
The Alien and Sedition Acts were but the beginning of a long train of government abuses visited upon people in America as a consequence of the “experiment in self-rule.” I am not quoting Obama’s Ohio State speech to nitpick, but rather to establish a base line for my argument that he rejects core principles and historical lessons and, most troubling, the natural law itself when he opines that government should be trusted because it has gained power via self-rule.
Self-rule alone is hardly a basis for governmental legitimacy, unless it is accompanied by fidelity to the natural law and to the rule of law. The rule of law here means fidelity to the Constitution, that all laws are just and apply to everyone, so no one is excused from obeying the laws and no one is excluded from their protections. Yet, self-rule here has been unjust and has brought us the tyranny of the majority. And that tyranny has brought us slavery, unjust wars, Jim Crow laws, domestic concentration camps in wartime, slaughter of babies in the womb, domestic spying without search warrants, torture and death by drones – just to name a few.
The reason Obama likes government and the reason it is “a dangerous fire,” as George Washington warned, and the reason I have been warning against government tyranny in my public work is all the same: The government rejects the natural law because it is an obstacle to its control over us. The natural law is divinely embedded in our souls. It is manifested by the universal yearning for freedom and justice. It consists of areas of human behavior – thought, expression, religion, self-defense, travel, acquisition and use of property, privacy, for example – in which our behavior is subject only to the exercise of our free will and not the permission of our neighbors or regulation by the government. The natural law, properly understood, is a restraint on the government.
Yet, government in America – whether it consists of Congress protecting the slave trade, or John Adams or Abraham Lincoln or Woodrow Wilson prosecuting political speech, or FDR incarcerating Japanese-Americans, or George W. Bush promising immunity for torturers and domestic warrantless spies, or Obama killing whomever he chooses with drones – has never hesitated to reject the natural law. All of these violations of the natural law were approved by the majority when undertaken. The government’s persistent and systematic rejection of the natural law is alone sufficient to mistrust government and reject Obama’s Ohio State advice.
The government that has come about by self-rule derives its powers from the consent of the governed. Because the tyranny of the majority can be as dangerous to freedom as the tyranny of a madman, all use of governmental power should be challenged and questioned. Government is essentially the negation of liberty. If we fail to challenge government at every turn, there will be no liberty remaining for us to defend when the government tries to negate it.
[stextbox id="x22report"]It is always worse than think it is, lets compare this to America who has 17 trillion in debt. Can you imagine what the real debt is, you know the shadow debt that they keep off the books. [/stextbox]
- Detroit’s emergency manager says the city is bleeding much more red ink than originally thought. That’s what Kevyn Orr told WWJ City Beat Reporter Vickie Thomas in an exclusive one-on-one interview.
- “The situation is severe,” Orr said. “It’s worse that we originally thought. It ain’t good.”
- With just 39 days under his belt, Orr is already putting the final touches on a draft of his 40-plus page financial report, which must be submitted to the state on Monday.
- “I’ve been spending virtually every day from March 25 when I got here, looking at the city’s financials. This is an emergency. I’ve got 16 and three-quarters months to deal with it,” he said. “This is truly a financial emergency and we need to move with speed because frankly, we can’t be here in the same position next year.”
- In the report, Orr uses charts and graphs to paint the bleak picture of the city’s finances, including over $15 billion in long-term debt and an accumulated operating deficit of $325 million.
- “We’ve been collecting operating deficits at about $18 million to $20 million a year. That’s nobody’s fault, I think, frankly, the mayor and the council has done the best they can with what they have. The city has probably cut as much as it can cut to the bone now, and so its been trying to operate on the basis of borrowing short-term loans all the time,” he said.
- Orr said he isn’t ruling out bankruptcy for the city just yet.
- “Frankly, from my perspective, if I can accomplish what I need to accomplish without bankruptcy, I’d be elated,” he said. “I can’t guarantee that [bankruptcy won't happen] in the least, in fact, to a large degree that’s going to be dependent upon the positions of a lot of other stakeholders that they have in this, some of whom might prefer a court order to make them do the things they need to do.”
- The Greek economic depressionary catastrophe continues to merrily chug along. Hours ago, Greek Elstat reported that February unemployment rose to a new record high of 27.0%, with the January number revised from 27.2% to 26.7%, up from 21.9% in February 2012, and almost as if unlike the Greek BLS is not even trying to fudge numbers anymore and wants to show a deteriorating situation (or, as it was called in the Old Normal – “reality”).
5.09.13 – Benghazi What You’re Not Being Told
Just another state making an unconstitutional law according to the supreme court ruling
Thus, the particular phraseology of the Constitution of the United States confirms and strengthens the principle, supposed to be essential to all written Constitutions, that a law repugnant to the Constitution is void, and that courts, as well as other departments, are bound by that instrument.
- Most private gun transfers in Delaware will soon be subject to the same background check rules currently applied to sales by licensed dealers, according a measure signed into law today by Gov. Jack Markell.
- The signing comes on a day when several other pieces of a Democrat-sponsored package of gun control bills are facing committee action in the General Assembly.
- The background check law is the first piece of the package, introduced earlier this year, to win passage.
- Effective July 1, private gun sellers will be required to obtain federal background checks on buyers, except in cases where a firearm is being transferred to a close family member, a law enforcement officer or the holder of a valid concealed-carry permit.
- The background checks will be performed on behalf of private sellers by federally licensed firearms dealers, who may charge a fee for the service.
- “Today we are closing the private-sale loophole once and for all,” Markell said. “No longer will we have two different markets for the sale of firearms, a regulated market for dealers and an unregulated market for everybody else.”
5.09.13 – Obama vs. The Founding Fathers
Thomas Jefferson: “I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
- They must stop trading liberty for security.
- They must stop thinking the role of the government is to be involved in all aspects of their lives.
- They must take a good look at what the proper role of government is.
- They must understand that as government expands, liberty contracts.
- That government is best, which governs least.
- It may be the largest bank robbery in history: A crime ring is accused of stealing $45 million from financial institutions from around the world.
- But these criminals weren’t wearing masks or waving guns. They were armed with computers.
- The case by the U.S. Secret Service is being prosecuted by the U.S. attorney for the Eastern District of New York in Brooklyn, Loretta Lynch. Seven alleged members of the New York cell of this global cyber-crime operation have been arrested, CBS News senior correspondent John Miller reported on “CBS This Morning.”
- Miller, a former FBI assistant director, reported, “We’ve learned how they carried out this cyber-attack, and it’s unlike anything ever seen before.”
- They call it the “unlimited operation,” in which its associates – hundreds of them – were spread all over the world, and they targeted at least 26 countries. They struck twice, first in December, when they hacked into an Indian bank, and then withdrew money from ATMs all over the world, totaling $5 million. The second strike occurred in February. The hack targeted a Visa and MasterCard processor in the U.S. The loss this time totaled approximately $40 million.
- Miller explained on CTM, “You know, this is- if you’re a criminal, this is a gorgeous scheme. If you are a bank, this is your worst nightmare. And if you’re a prosecutor like Loretta Lynch or the Secret Service agents involved in this case, it’s a great caper, in terms of the case, but you realize you’re just at the tip of the iceberg.
- “What you have here is you’ve got backers. These are people who have got big money who are paying people to break into the bank systems, get the PIN numbers of debit card accounts and so on – those are the hackers. So the backers pay the hackers. Then you go to the cashers, and the cashers- once the backers have paid the hackers they’ve broken through, they’ve now gotten the PIN codes and they’ve raised the limits on the accounts to be unlimited for withdrawal, the cashers go out. When they get the PIN numbers and the signals on their smartphones, they’re told ‘go.’ In the case in New York, the New York cell went up and down Broadway and in the course of two hours took $2.8 million out of ATMs from 116th Street to 23rd Street in a line.”
[stextbox id="x22report"]If notice it is always the states that are on the verge of collapse that want more taxes, laws that take away your rights and gun confiscation. They keep leaving out that 2nd Amendment thing when they talk about guns, they do it on purpose. The reason they leave it out is because they don’t want people reading the 2nd Amendment, once you read it you start to understand it, once you understand it, you see that it is your right. [/stextbox]
- A handgun made almost entirely using a consumer-grade 3D printer fired a bullet over the weekend for the first time in the history of the infant technology. If some lawmakers have their way, it will also be the last.
- Defense Distributed of Texas announced on Sunday that researchers fired a bullet designed for a traditional .380-caliber firearm with a gun built all but exclusively using digital blueprints, some plastic and an $8,000 printer. The only item aside from the bullet not printed out was a single nail that served as the firing pin.
- As early s Tuesday, though, California State Senator Leland Yee was already looking to pass a bill that would outlaw other 3D weapons from being built outside of the factories where firearms are regularly assembled.
- Sen. Lee, a Democrat that represents a large chunk of California that includes parts of San Francisco, issued a press release this week condemning Defense Distributed’s inaugural 3D handgun.
- “We must be proactive in seeking solutions to this new threat rather than wait for the inevitable tragedies this will make possible,” Yee said.
- Of major concern to the lawmaker isn’t just the capabilities of 3D printer but how easily the technology can put weapons in the hands of convicted criminals and others who wouldn’t normally be able to obtain a firearm. Thanks to blueprints drafted by Defense Distributed and published on the Web, anyone willing to spend the money on supplies could essentially have a working gun without ever leaving their home.
- “Part of the reason we have background checks is to ensure that felons, criminals, are not going to have guns,” Yee said this week. “[And] that those individuals who have mental health issues are not going to have guns. And so now there is a gaping loophole to allow any individual to make a gun undetected, and the guns themselves are undetected. It’s going to create a tremendously unsafe situation for the rest of society.”
- “What I’m looking at right now is to ensure that any individual who is going to make a gun out of these 3D printers go through a background check, just like any other individuals who purchase a gun,” Yee said.
5.09.13 – Your Bank is Playing You for a Fool
[stextbox id="x22report"]Lets take this one step further, according to the FDIC/Bank of England document when a bank needs help they have permission to do a bail-in. They can take your money out of your account and use it to save the bank. So why does everyone keep their money in the bank.[/stextbox]
- You know something is cooking when two companies boosted their first quarter profits by 45% — and investors dumped their stocks.
- Both JPMorgan and Bank of America beat analyst estimates and saw their stock prices suffer.
- Once you dig into the details, it’s easy to see why: Risks from derivatives were still obscured. Tax benefits, slashing jobs, litigation, and decreased expenses from bad debts were used to boost results. Overall, revenues shrunk considerably.
- Among all six major U.S. banks, only Citigroup saw a slight boost following its earnings announcement.
- What do the banks plan to do to reverse this course?
- Obviously, their investment banking will continue unabated. Boosting lending would help as well, but that won’t happen any time soon…
- Banks are siphoning off dramatically more of their clients’ savings from every possible angle
- First off are the fees you are being charged while they use your money to make more money for themselves. In 2012 the percentage of free checking accounts dropped below 40%. At the same time, the average monthly service fees rose sharply to a record $5.48 per month — a 23% rise in just one year.
- Only 22% of accounts at big banks don’t come with a service fee, compared to 43% and 48% for medium-sized and small banks.
- ATM surcharges have consistently risen and are now averaging $2.50. While you’re paying that for every cash withdrawal, the average charge to use an ATM that doesn’t belong to your bank’s network is up to $1.57.
- If you accidentally get an overdraft fee, you’ll be hit for an average $31.26.
- And the kicker is many bank customers don’t even know they were automatically subject to these fees when they opened the account.
- But we’re not done yet. The fee frenzy continues…
- If you don’t have the minimum balance in your account, a monthly maintenance fee will cost you an average of $14.75 (adding insult to injury is the fact that the minimum balance required has doubled to an average $6,117.80).
- Finally, the interest you are collecting while they use your money to make money for themselves is a paltry 0.05% for checking accounts.
- Dipping below the minimum amount a single time can wipe out any interest you accrue over a year.
- At that incredibly low interest rate — even if you had the maximum $250,000 FDIC insured amount in an account… you would only receive $125 in interest over the course of 12 months. In other words, using an out-of-network ATM just once a week erases all gains.
- Buy a CD and you’ll average .75% over one year or 0.86% over five — far below inflation and destined for a real loss of your wealth.
[stextbox id="x22report"]When an economic collapse is at hand the government always follows the same pattern, take away rights, and tax the people for everything. It’s amazing how history continually repeats itself.[/stextbox]
- “No rights are absolute.” All rights are subject to government intrusion and have limits. That’s the left-wing battle cry when it comes to gun control. “We need common sense restrictions on the 2nd Amendment.”
- On Monday, according to the Politico, Vice President Joe Biden met with around 20 representatives of the faith community to discuss the President’s gun agenda. The matter may have stalled momentarily, but progs like Obama want gun control possibly more than anything save single payer health care. We all know it will be back, and Biden told the assembly that the issue would probably return this summer.
- It was all pretty basic stuff. But then something interesting happened. Franklin Graham, son of the evangelist Billy Graham, posed the idea that violent media could be controlled by subjecting unsavory works to additional taxation.
- According to the Rabbi Julie Schonfeld, the executive vice president of the Rabbinical Assembly, “[Graham] floated the idea that media and entertainment that portray violence should be subject to a special tax, with the proceeds going to help victims and their families.”
- Now it’s bad enough that anyone would want to slap a tax upon the first amendment rights of writers, artists, filmmakers, and software developers, but Biden’s response took things to the next level.
- Sister Marjorie Clark, a lobbyist for the Catholic Social Justice Network quotes Biden as saying “They really need a good scientific study, which they’ve done on things like smoking,” but says the Veep made it clear to Graham that there’s “no restriction on the ability to do that, there’s no legal reason why they couldn’t.”
- Elected officials are quick to deny ascribed quotes if they’re certain no one can prove they were actually uttered. So far, Biden is sheepishly refusing to comment on the remarks, which in politics is a pretty good indicator that they’re legit. If this is the case, it lends serious credence to the “first they come for the second, then they come for the first” theory.
- If we honestly have a Vice President that thinks we can tax movies, music, literature, and yes, even video games based on their content, we are treading on the slipperiest of slopes.
- …and it should scare the bejeezus out of anyone who values their free speech.
- Kenya, Australia, Poland and now South Korea. The country, whose net exports represent nearly 60% of GDP, and which have been deeply impacted by the recent collapse in the Yen, finally threw in the towel overnight and cut the benchmark seven-day repurchase rate from 2.75% to 2.50%, as only 6 of 20 economists predicted. The reason the move was surprising is that just like China, which overnight reported CPI of 2.4% on expectations of 2.3%, the country still has pent up inflation concerns, however it appears that preserving economic growth and its export potential is more important to the country bordered by North Korea, than price stability. The result of this largely unexpected move is a strengthening in the Yen overnight, if only by some 30 pips in the USDJPY.
- Two things to point out as a conclusion: net trade is a zero sum game, and as so many have pointed out, if everyone eases, nobody eases. So while the broader population may be confused by QEasing, and mistake dilution for wealth creation, collapsing global trade has no such doubts. It is the decline in global demand that is the issue for exporting countries, not how low their currencies can plunge.
- And second: the world once again engaging in a round of easing is indicative of even more economic slowdown, and certainly not a recovery.
[stextbox id="x22report"]Very interesting that this came out during the week of cyber attacks. Napolitano makes a point to say “In terms of real-time, ongoing threat in the United States to our infrastructure, and thereby to our way of doing life, cyber is a very, very concerning and active field,” Cyber Attack event will be coming. Remember DHS is not created to protect the American people, they are here to control, spy and keep order among the American people during the economic collapse. DHS is working with 18 critical infrastructure industries including energy and finance, hmmm very interesting.[/stextbox]
- The Obama administration is working “full-bore” on helping the business and government agencies confront the threat of cyberattacks, Homeland Security Secretary Janet Napolitano said today.
- Napolitano’s comments came two days after the Pentagon directly accused China’s military of probing U.S. government computers for sensitive data. That report follows comments in March by U.S. National Security Adviser Tom Donilon, who said China was engaged in a “large scale” effort to steal trade secrets and intellectual property.
- Cybersecurity is the fastest growing-part of Napolitano’s agency, which is helping critical industries develop voluntary cybersecurity standards, she said in remarks today at the Conference of the Americas. Speaking at the State Department event in Washington, the former Arizona governor also said she hoped her agency would be busy implementing on overhaul of immigration laws.
- “In terms of real-time, ongoing threat in the United States to our infrastructure, and thereby to our way of doing life, cyber is a very, very concerning and active field,” Napolitano said today. “So it’s one of the things, as I said in my early remarks, we’re really full-bore on.”
- Her department has major responsibilities for securing the Internet domains, Napolitano said. It also is responsible for securing and working with the private sector on critical infrastructure. “We have a very tight timeline for setting the standards for that,” she said.
- The offices within Homeland Security that concentrate on cyber issues “are the fastest growing area of our shop,” she said.
- The administration has identified 18 critical infrastructure industries, including energy and finance, that it will work with, Napolitano said. “Coordinating councils” already exist for the government to work with these industries on physical infrastructure, she said. The administration will use the same structure to cooperate with business on cyberthreats.
[stextbox id="x22report"]Is anyone really buying this story? They couldn’t stop the Boston Bomber who were supposedly going to set off a bomb in NYC time square, then set it off during July 4th but decided to place the bombs in Boston because they finished the bombs quicker than they thought. We all know the FBI and other agencies are behind the terrorist attacks. Sorry we don’t believe you [/stextbox]
- Were it not so serious and have such weighty repercussions, all this FBI activity would be plain silly. How often are they going to ’foil’ non existent terror plans, or set up terror plots only to intercede at the last minute, saving the day?
- On Monday FBI officials say they disrupted a ’terrorist attack’ in Minnesota, but gave zero details about any targets, or motives — they simply have paraded around the accused man who is alleged to have possessed explosives.
- These actions are becoming SO commonplace that even mainstream media is being forced to question the agency’s behaviour. Read: The New York Times Suggests “Terrorist Plots are Hatched by the F.B.I.”
- Are citizens really becoming radicalized in droves, or, as Red Ice Radio guest Patrick Henningsen suggests, are the security agencies ’addicted’ to these manipulative operations and staged terror attacks to the benefit of governmental domestic policy and the security state?
5.08.13 – Just Don’t Enjoy Dow 15,000!! Everyone Screams “RIGGED” or “PONZI” or “BERNANKE” on Every Uptick. Our Current Financial System Is So Toxic, A Collapse Is Imminent!!!
Blame Bernanke! Blame of the Bank of Japan! Just don’t enjoy Dow 15,000.
- Yesterday we pointed out that on the occasion of the Dow hitting 15,000, it was still clear that people still detested this stock market rally, based on the fact that everyone screams “RIGGED” or “PONZI” or “BERNANKE” on every uptick.
- But it’s not just mouth-breathing comment-section trolls who do this.
- The pros do too.
- Josh Brown notes in a tweet:
- So far, we’ve heard from Paul SInger, Kyle Bass and Li Lu – not one talking about a free-trading common stock you can buy. Bullish? #irasohn
- — Downtown Josh Brown (@ReformedBroker) May 8, 2013
- Indeed. So far at a conference devoted to investment ideas, it’s been obscure calls, and anger towards policy-makers. Singer hates the Fed. Kyle Bass hates Japanese policy-makers. Sill nobody is happy or enjoying the good times.
[stextbox id="x22report"]The cut cable theory does not seem to work, the country has 3 cables coming into the country. Something is not being said. What is even more interesting is that Syria had no internet for almost 2 days and the news was distracting us with the 3 women kidnapped. When Syria was accused of using chemical weapons it was front page news. So if our government and the mainstream media cared so much why wasn’t this front page news. Seems like they were distracting us from something
- The Syrian government said it’s working to repair a widespread Internet outage in the country — something opposition activists suspected could be an ominous sign.
- Internet connections across Syria went down Tuesday night, according to several global monitoring sites.
- On Wednesday, the state-run Syrian Arab News Agency said an optic cable malfunction caused the outage.
- A repair was under way to restore services “as soon as possible,” SANA said, citing communications official Bakr Bakr.
- Opposition activists said the communications cutoff could be an ominous sign.
- The Local Coordination Committees of Syria said the activist network would put “all responsibility on regime forces for any violation or massacres against civilians.”
- Hubbard said Syria has a history of Internet outages.
- “Although we can’t yet comment on what caused this outage, past incidents were linked to both government-ordered shutdowns and damage to the infrastructure, which included fiber cuts and power outages,” Hubbard wrote.
- After a similar situation in November, U.S. Ambassador to Syria Robert Ford said Syria had shut down the Internet in the past.
- “The Syrian government has been monitoring (the Internet) for years,” he said. “They have been using the Internet with Iranian assistance to track opposition activists, arrest and kill them.”
- “That is the reason why our nonlethal assistance to the Syrian opposition, we put a special emphasis on communications equipment precisely to help the Syrian people tell the world what is going on inside Syria,” he said.
- Technology has become a key weapon used by both sides of Syria’s civil war to fight for their cause, with opposition activists using social media to report violence and a group of pro-Syrian government hackers known as the Syrian Electronic Army targeting major news organizations and activists.
[stextbox id="x22report"]So lets get this straight, Obama is ok with wire tapping but will veto CISPA. Really!!![/stextbox]
- United States President Barack Obama is likely to endorse a Federal Bureau of Investigation effort that would ensure all Internet companies in the US provide a way for the government to conduct undetected, backdoor surveillance.
- The FBI has been considering solutions to their so-called “Going Dark” problem as intricate methods of encryption and advances in technology have made it increasingly difficult for the federal government and law enforcement to gain access to online communications conducted in the shadows of the Web. Should the latest efforts of the FBI move forward, though, Internet companies that act as any conduit for correspondence of any kind would be heavily fined if they don’t include in their infrastructure a way for the government to eavesdrop on that dialogue in real time.
- “The US Department of Justice and the FBI believe they don’t need a search warrant to review Americans’ e-mails, Facebook chats, Twitter direct messages and other private files, internal documents reveal,” wrote McCullagh, citing a government documents obtained by the American Civil Liberties Union and provided to CNET.
- “For example, very strong encryption would allow you and I to have a very, very secure communication: If we were criminals, if we were dissidents, if we were martyrs or if we were just doing a little business,” he said. “If you could figure out a way to ban very strong encryption from evil people and only allow good people…then this would be easy,” he said.
5.08.13 – Now China Says It May Own Okinawa, Too
- China’s top newspaper on Wednesday published a call for a review of Japan’s sovereignty over the island of Okinawa — home to major US bases — with the Asian powers already embroiled in a territorial row.
- The lengthy article in the People’s Daily, China’s most-circulated newspaper and the mouthpiece of the ruling Communist party, argued that the country may have rights to the Ryukyu chain, which includes Okinawa.
- The island is home to major US air force and marine bases as well as 1.3 million people, who are considered more closely related to Japan in ethnic and linguistic terms than to China.
- The authors of the article, two scholars at the Chinese Academy of Social Sciences, considered China’s top state-run think-tank, said the Ryukyus were a “vassal state” of China before Japan annexed the islands in the late 1800s.
- “Unresolved problems relating to the Ryukyu Islands have reached the time for reconsideration,” wrote Zhang Haipeng and Li Guoqiang, citing post-World War II declarations that required Japan to return Chinese territory.
- The article also repeated Chinese government arguments for China’s historical claims over a set of tiny uninhabited islets in the East China Sea known as Diaoyu in Chinese and Senkaku in Japanese.
- The two nations have stepped up a war of words over the dispute in recent months, with Beijing’s vessels regularly entering the waters around the Tokyo-controlled islands, stoking fears of armed conflict.
[stextbox id="x22report"]Cyber Attack coming very soon to the U.S. Be prepared[/stextbox]
- Advanced cyber attack tools have become readily available for use by foreign governments and terrorists to infiltrate or cripple U.S. computer networks, two federal law enforcement officials told a congressional panel.
- Dozens of countries now have sophisticated cyber espionage capabilities and terrorists want to “digitally sabotage” U.S. power grids or water supply networks, Joseph Demarest, assistant director of the Federal Bureau of Investigation’s cyber division, said in prepared testimony for a Senate hearing today.
- “The tools and expertise to perpetrate a cyber attack with physical effects are readily available for purchase or hire,” he said.
- President Barack Obama and intelligence officials have said one of their top policy priorities is preventing cyber attacks that could disrupt banks, telecommunications networks, utilities or other vital services. Lawmakers have renewed their efforts to advance cybersecurity legislation after Congress failed last year to pass a bill. The Senate Judiciary Subcommittee on Crime and Terrorism is holding a hearing today on how the government and private sector are responding to cyber threats.
- Cybersecurity threats posed by foreign governments and terrorist groups against U.S. networks are growing, Jenny Durkan, U.S. Attorney for the Western District of Washington, said in prepared testimony for the hearing.
- “Although to date they have resembled in some ways the crimes perpetrated by financially motivated criminals, their emergence and evolution make the threat of cyber-generated physical attacks, like those that might disrupt the power grid, appear no longer to be the stuff of science fiction,” she said.
5.08.13 – Looks like the Syria Internet is coming back online according to Google
- Obama has done it. He has brought America down. It only took him just over four years. The Republicans could have stopped him. They didn’t…
- If you thought the crash of 2008 was bad, think again. The crash that is coming –I cannot put a date on it, but it is not far away now – will be orders of magnitude worse.
- So, what should you do to protect yourself and your family? First, get rid of every dollar you have. Dollars are now all but worthless. When the crash comes, they will have no value at all.
- In hard times, most financial instruments – currencies, stocks, bonds – are not worth the paper they are printed on. Get rid of them now. Buy silver coins. They will quintuple in price once the crash sets in, and they are small enough to be fungible when the dollar dies.
- Buy land, some of it well-wooded, some of it arable, some of it grassland. You will need the timber to power your steam tractor. Gasoline will be a costly rarity. And make sure you can defend yourselves. Starving mobs are no respecters of persons. Do what the Mormons do: Get three months’ supply of imperishable foodstuffs and hide them in the basement.
- In what must be an inexplicable move to momentum-chasers everywhere, as gold continued to decline in price in March, and long before its targeted smash in April, China was not backing off its gold purchases of the yellow product. Quite the contrary: as export data released by the Hong Kong Census and Statistics Department overnight showed, Chinese gold imports in March exploded to an all time record high of 223.5 tons. This follows 97.1 tons in February, and brings the total imports for the first quarter of 2013, or 372 tons, on par with what China imported in the entire first half. It also means that since January 2012, China has imported an absolutely stunning 1,206 tons of gold. Putting this number in context, this is 20% more than the entire reporter official gold holdings of 1054 tons, and represents roughly half of the total 2500 tons of gold mined every year (a number which is set to decline as gold miners find current prices unsustainable and are forced to shut down production).
5.08.13 – Syrian Electronic Army Hacks Israel’s Main Infrastructure Control System (SCADA)
TEHRAN (FNA)- The Syrian Electronic Army (SEA) launched a successful cyberattack on the main infrastructure system of Haifa, one of the most important ports in Israel, disrupting the operation of the servers in charge of urban management systems and public utilities in the city.
- The SEA said it has hacked into the Haifa infrastructural system at around 22:00 (local time) Monday night, underlining that the hacking was done in retaliation for the recent Israeli strike on a research center in suburban Damascus.
- “We would like to announce that in response to the unfair and illegal attacks of Israel on DATE, the SEA has penetrated one of the main infrastructural systems (SCADA) in Haifa and managed to gain access to some sensitive data,” SEA said in a message left for the Israeli operators of Haifa SCADA system.
- A copy of the SEA message to the Israelis was released by pastebin.com/aRCHeRr.
- “Also, the SEA is now able to cause irrecoverable damage to the Israelis’ infrastructural systems,” it added.
- Israel staged an airstrike on Syria on Sunday, hitting the Jamraya research center in the vicinity of the Syrian capital, Damascus. Syria said the Israeli regime had carried out the airstrike – the third in the last few months – after heavy losses were inflicted on al-Qaeda-affiliated groups by the Syrian army.
- The SEA warned that it could cause a major blast by continuing the attack on the servers of the Haifa infrastructural systems, but avoided further move due to inescapable human casualties as it did not want a story like the recent accident in Texas which claimed the lives of dozens of the people.
- “This message carries a serious warning to the Israeli statesmen. They should know that not receiving a quick reaction to such childish ventures does not show the Syrian inability in doing so, but it is based on wisdom and humanity considerations. We do not approve of killing civilians and innocent people as this is an Israeli type of solution,” added the message.
- “Also an advice to those who left their homelands for many years, dreaming a happy and safe life, deceived by politicians whose deed is much far from their slogans; Do the best to express your objection to Israeli policies, since we do not like to see innocent people getting killed like in Texas, US, but this time in Haifa.”
- The SEA has recently gathered a name for itself in the hacking market by successful attacks on a wide range of the western media, most notably the hacking of AP Twitter accounts and sending of bogus messages which wreaked havoc on stock exchanges. The hackers tweeted that President Obama had been injured in a bomb attack at the White House, causing a temporary 143-point drop on the Dow Jones industrial average.
- In an apparent effort to cause disruption and embarrassment in the West and to spread support for Syrian President Bashar al-Assad, the SEA has so far hacked the Guardian, the BBC (including BBC weather, BBC Arabic Online and BBC Radio Ulster), France 24 TV, the National Public Radio in the United States, al-Jazeera, the government of Qatar, E!, and Sepp Blatter, the president of football’s governing body Fifa, whose Twitter account was hacked.
- Cybersecurity experts told the Guardian that the SEA attacks are designed to disrupt and embarrass the West and pro-Israeli lobbies, states and entities.
[stextbox id="x22report"]Basically the government wants to control, spy, listen, record and abuse the 4th Amendment. The question is why do they need all of this?[/stextbox]
- The Obama administration, resolving years of internal debate, is on the verge of backing a Federal Bureau of Investigation plan for a sweeping overhaul of surveillance laws that would make it easier to wiretap people who communicate using the Internet rather than by traditional phone services, according to officials familiar with the deliberations..
- The F.B.I. director, Robert S. Mueller III, has argued that the bureau’s ability to carry out court-approved eavesdropping on suspects is “going dark” as communications technology evolves, and since 2010 has pushed for a legal mandate requiring companies like Facebook and Google to build into their instant-messaging and other such systems a capacity to comply with wiretap orders. That proposal, however, bogged down amid concerns by other agencies, like the Commerce Department, about quashing Silicon Valley innovation.
- While the F.B.I.’s original proposal would have required Internet communications services to each build in a wiretapping capacity, the revised one, which must now be reviewed by the White House, focuses on fining companies that do not comply with wiretap orders. The difference, officials say, means that start-ups with a small number of users would have fewer worries about wiretapping issues unless the companies became popular enough to come to the Justice Department’s attention.
- Still, the plan is likely to set off a debate over the future of the Internet if the White House submits it to Congress, according to lawyers for technology companies and advocates of Internet privacy and freedom.
- “I think the F.B.I.’s proposal would render Internet communications less secure and more vulnerable to hackers and identity thieves,” said Gregory T. Nojeim of the Center for Democracy and Technology. “It would also mean that innovators who want to avoid new and expensive mandates will take their innovations abroad and develop them there, where there aren’t the same mandates
- You or someone you know may see guns as deadly killing machines that are simply to blame for a large volume of homicides across the nation, but a brief look at the history of gun control actually offers a new perspective into the application of guns on an entirely new level. While normalcy bias (a thinking pattern that causes an individual to underestimate the potential of any event or situation due to currently enjoying a normal and cushy lifestyle) can oftentimes lead individuals away from the reality of history, countless citizens around the world have been highlighting the repetitive history that follows gun control.
- In this breakdown, we will be examining a lot of numbers and extracting them to get some real answers. Then, we’ll see the source of these numbers and whether or not gun control regulations are reducing or increasing overall crime rates in heavily controlled areas.
- The first thing to touch upon, and perhaps most relevant to our modern society, is how deadly firearms really are. First of all, let us examine the factors that are responsible for deaths within the United States. This will put death counts into perspective and allow us to go deeper into the firearm-related deaths themselves later. Examining data from the CDC for the leading causes of death and including death statistics from the FBI regarding homicides, we find the following numbers:
- LEADING US KILLERS
- Annual deaths from heart disease based on CDC data: 597,689
- Cancer deaths from CDC data: 574,743
- Chronic lower respiratory diseases (CDC): 138,080
- Stroke deaths (CDC): 129,476
- Deaths from accidents, unintentional injuries (CDC): 120,859
- Alzheimer’s disease deaths per year (CDC): 83,494
- Diabetes (CDC): 69,071
- Influenza deaths each year (CDC): 50,097
- Suicide deaths (CDC): 38,364
- Overall weapons deaths (2009 FBI): 13,636
- Overall firearm deaths (2009 FBI): 9,146
- So there we have the overall death data that comes compiled from the CDC website mixed with the FBI website table that goes as far as 2009. As you can see, the overall firearm deaths are 9,000 per year. If you’ve been following some of the mainstream media rhetoric surrounding guns, you might have thought the number would be at least over 100,000 — perhaps even higher than diabetes or suicide. The reality is that it is quite low overall, despite what you may have been told. But it’s still 9,146, so let’s now break down this figure to get the specific factors.
- Of the 9,146 firearm deaths:
- 6,452 were from hanguns
- 348 from rifles
- 418 from shotguns
- 94 from other guns
- 1,834 from unknown guns
- This is where the numbers cut through even more false information sent forth by the mainstream media. Rifles have been demonized as powerful tools of homicide that are to blame for a large number of yearly deaths, but as it turns out only 348 per year are actually killed using rifles. Now of that number we must ask “how many are using legal weapons and non-gang related?” And furthermore, how many of these murders occur in ‘gun free’ cities? We’ll get to what we know on that shortly.
- First, I want to utilize some further statistics from the overall weapons deaths provided by the FBI for 2009. The number, which totals 13,636, also breaks down into several components that will likely be highly shocking when compared to the broken down gun data. Especially when considering that the apparent ‘epidemic’ levels of rifle deaths actually don’t even compare to stabbings, blunt objects like hammers, or even bare hands and feet.
- KNIVES, HAMMERS, HANDS KILL MORE THAN RIFLES & SHOTGUNS
- These FBI statistics really deflate the argument that rifles are ultimate killing machines when you look at how human hands are actually much more dangerous in terms of the sheer numbers. In fact, the digits really deflate the entire movement to ban rifles by realizing that by the same logic bats, hammers, knives, and even hands should therefore be heavily regulated. Going by the numbers alone, all hands should be considered lethal weapons. Of course we know that all hands are not used to kill innocents, just as all guns are not used to kill innocents.
- Let’s take a look at the FBI data for the homicides committed via non-firearm sources to get an idea of how it compares to the death toll of key firearms like rifles and shotguns:
- Knives and cutting tools accounted for 1,825 deaths in 2009, 1,477 more than rifles
- Clubs, hammers, and other blunt objects totaled 611 in 2009, 263 more than rifles
- Hands, fists, and feet killed 801 in 2009, 453 more than rifles
5.08.13 – Pentagon Plans for the Worst in Syria
[stextbox id="x22report"]On Tuesday Israeli soldiers held exercises near Syria on Tuesday. Is this a coincidence?[/stextbox]
- The Pentagon is stepping up plans to deal with a dangerous regional spillover from Syria’s possible collapse, drawing up proposals including a Jordanian buffer zone for refugees secured by Arab troops.
- Israeli soldiers held exercises in the Golan Heights near Syria on Tuesday.
- WASHINGTON—The Pentagon is stepping up plans to deal with a dangerous regional spillover from Syria’s possible collapse—a scenario it had recently seen as remote—drawing up proposals including a Jordanian buffer zone for refugees secured by Arab troops, said U.S. officials familiar with the discussion. The plans seek to minimize direct U.S. involvement, but they reflect
- In yet another example of the massive gap between the American people’s perception of what is going on around them (whether by propaganda channels or simply cognitive bias) and the actual reality, Reuters reports that while gun-related homicides are down 39% from the 1993 peak, only 12% of people believe that gun crimes have fallen. Non-fatal firearm crimes declined by 69% to 467,300 in the same period but 56% of Americans believe that gun crime is higher now than it was 20 years ago, the Pew Research Center said its poll showed. The dichotomy between record food stamp usage (and non-employment) and multi-year highs in consumer sentiment comes to mind – we wonder which is more ‘real’.
- Highlights of the report:
- Firearm-related homicides declined 39%, from 18,253 in 1993 to 11,101 in 2011.
- Nonfatal firearm crimes declined 69%, from 1.5 million victimizations in 1993 to 467,300 victimizations in 2011.
- For both fatal and nonfatal firearm victimizations, the majority of the decline occurred during the 10-year period from 1993 to 2002.
- Firearm violence accounted for about 70% of all homicides and less than 10% of all nonfatal violent crime from 1993 to 2011.
- About 70% to 80% of firearm homicides and 90% of nonfatal firearm victimizations were committed with a handgun from 1993 to 2011.
- From 1993 to 2010, males, blacks, and persons ages 18 to 24 had the highest rates of firearm homicide.
- In 2007-11, about 23% of victims of nonfatal firearm crime were injured.
- About 61% of nonfatal firearm violence was reported to the police in 2007-11.
- In 2007-11, less than 1% of victims in all nonfatal violent crimes reported using a firearm to defend themselves during the incident.
- In 2004, among state prison inmates who possessed a gun at the time of offense, less than 2% bought their firearm at a flea market or gun show and 40% obtained their firearm from an illegal source.
- Males, blacks, and persons ages 18 to 24 were most likely to be victims of firearm violence
- Dutch government websites were paralysed for several hours overnight after a mass cyber attack which targeted several ministerial sites, a spokesman said on Wednesday.
- “The government’s sites have been the target of a DDoS attack since last night around 8:00 pm (1800 GMT),” Robert Wester told AFP, referring to a denial of service attack in which hackers bombard sites with traffic in order to jam them.
- Computer experts worked through the night to restore the sites which appeared to be back online by mid-morning Wednesday.
- The Netherlands has been the target of several cyber attacks in recent weeks including administrative services and banks.
- More than 10 million Dutch citizens were unable late last month to use their official online signature to pay bills and taxes because of a so-called distributed denial of service (DDos) attack.
[stextbox id="x22report"]First of all the U.S. has no idea if China is cyber attacking the U.S. Just because they see it coming from China doesn’t mean it is. For example if a proxy company is in China the U.S. could use the proxies in China to attack itself and it would look like it was coming from China. Cyber attacks are bounced off many servers so you cannot tell where the original attack came from. This is the whole point of a cyber attack. For the U.S. to say they know for sure is ridiculous. If this was the case they would stop all the spam that you receive in your junk/spam folder.[/stextbox]
- China on Wednesday accused the United States of sowing discord between China and its neighbors after the Pentagon said Beijing is using espionage to fuel its military modernization, branding Washington the “real hacking empire”.
- The latest salvo came a day after China’s foreign ministry dismissed as groundless a Pentagon report which accused China for the first time of trying to break into U.S. defense computer networks
A U.S. computer security company, Mandiant, said in February a secretive Chinese military unit was likely behind a series of hacking attacks that targeted the United States and stole data from more than 100 companies.
That set off a war of words between Washington and Beijing.
China has said repeatedly that it does not condone hacking and is the victim of hacking attacks — most of which it claims come from the United States.
“As we all know, the United States is the real ‘hacking empire’ and has an extensive espionage network,” the People’s Daily, a newspaper regarded as a mouthpiece of the Chinese Communist Party, said in a commentary.
5.08.13 – Jeremy Grantham: “We Have Been Conned”
The lessons of Jeremy Grantham’s recent interview with Charlie Rose seem to be becoming increasingly prescient as the stock market surges to new highs amid a crumbling macro (and micro) economy. “Bernanke is whipping the economic donkey that can only grow at 1-2% as if it was a race horse growing above 3%,” and unfortunately he will keep doing it “until the donkey is dead.” As Grantham says, it is a “very dangerous situation to have the most powerful man in the world,” doing this as simply put, the Fed, “does not have the tools to generate employment.” But while Grantham’s clarity on Bernanke’s actions are unquestionable in their endgame, his views (below) on Keynes, debt, and wealth transfer are even more concerning. “We had this amazing experiment… but we have been conned into believing by the financial world that debt is everything.”
Presented with little comment – aside to note, it’s never different this time..
[stextbox id="x22report"]From the past everytime we see a drill there is an event on the same day. We will have to keep a close watch on this one.[/stextbox]
- The Drill will take place on May 13th at an amusement park called “Dorney Park & Wildwater Kingdom” in central Pennsylvania, and will involve hundreds of emergency responders from around the country.
- While there is a very significant probability that this will only be a drill, it is important to get the word out about these exercises before they actually happen so people are already aware if the drill does go live.
- With the terror of the Boston Marathon fresh in mind, Dorney Park & Wildwater Kingdom will be the site of a large-scale emergency preparedness drill on May 13. The drill, sponsored by the Northeast Pennsylvania Regional Counter Terrorism Task Force, will center on an emergency incident at the amusement park in South Whitehall Township, replicating “a hazardous condition with multiple casualties during the peak of the park’s summer season,” according to a township news release.
- “When an emergency occurs you always revert to the manner in which you have been trained, and during an emergency it’s too late to exchange business cards,” task force manager Robert G. Werts said.
- “The goals of [the task force] are to provide training for emergency personnel who will respond to the dangerous conditions they confront and allow those persons to become familiar with the needs and operational abilities of other first responders prior to arriving at an actual emergency,” Werts said.
- This may only just be a drill as they are saying it is, but these drills are important to look out for, because all too often when something goes wrong, the government is coincidentally staging a drill nearby.
[stextbox id="x22report"]According to Google “Browse real-time traffic to Google products and services” the internet is still out in Syria. [/stextbox]
- Internet connections between Syria and the outside world have been cut off, according to data from Google and other global Internet companies.
- Google’s Transparency Report showed traffic to Google services pages from the country, embroiled in a civil war that has lasted more than two years, suddenly stopping shortly before 7pm on Tuesday.
- Other firms such as Akamai also revealed a total block on traffic.
- Google and Akamai’s traffic reports continued to show no activity there about four hours after the drop-off.
- This is the second time the country has experienced a web blackout in the past six months, with no-one claiming responsibility at this time.
- ‘We’ve seen this twice before,’ said Christine Chen, Google’s senior manager for free expression.
- ‘This happened in Syria last November and in Egypt during the Arab Spring.’
- It is virtually impossible to definitely determine the cause of such disruptions unless a party claims responsibility, experts said.
- In the past, Syria’s government and the rebels fighting to topple it have traded blame.
- Google’s data showed traffic disruptions limited to Syria and spanning the entire country.
- Shutting an entire nation from the Internet is possible because IP addresses, individual connections established by each device, are geographically specific and the government has control over the country’s Internet service providers.
- The vast majority of websites within Syria were rendered unreachable as well, other experts said, as the county appeared to shut itself off.
5.07.13 – People emailing me telling me that there is an invasion going on in Syria. I have not confirmed these reports coming in. Will keep everyone updated. As of 8:40pm EST internet is still down in Syria
- An Internet talk show host is trying to gather protesters to march into the District on July 4 carrying loaded rifles, prompting a warning from D.C. Police Chief Cathy L. Lanier that her own armed force will meet them at the border.
- “If you’re coming here to protest government policy, great,” the chief said Tuesday on her monthly appearance on NewsChannel 8, reacting to the group’s plan to cross the Potomac from Arlington National Cemetery. “If you’re coming here to break the law, we’ll take action.”
- Lanier added, “There’s a pretty good chance we’ll meet them on the D.C. side of the bridge.”
- So will the U.S. Park Police, Sgt. Paul Brooks said. If the protesters go through with the march, Park Police will be waiting for them at the District line, which happens to be on U.S. Park Service property, near the Virginia side of Memorial Bridge.
5.07.13 – Google Real-Time Traffic Of Products. At this time Syria is still in the dark with no internet access.
[stextbox id="x22report"]Have the government, central bankers or Israel put Syria into darkness for the main invasion. No news would come out of Syria during this period. Something is going on!! According to activists, sudden communication cuts may occur before major military offensives.[/stextbox]
- While there have been no new military attacks on Syria since Sunday morning, something more peculiar happened in the past few hours, when according to Akamai and various other Internet traffic trackers, Syria has literally gone “dark”, or, as Umbrella Security Labs describes it, as if “Syria has largely disappeared from the Internet.”
- Some more from Umbrella’s blog:
- At around 18:45 UTC OpenDNS resolvers saw a significant drop in traffic from Syria. On closer inspection it seems Syria has largely disappeared from the Internet.
- The graph below shows DNS traffic from and to Syria. Although Twitter remains relatively silent, the drop in both inbound and outbound traffic from Syria is clearly visible. The small amount of outbound traffic depicted by the chart indicates our DNS servers trying to reach DNS servers in Syria.
- How it happened:
- Routing on the Internet relies on the Border Gateway Protocol (BGP). BGP distributes routing information and makes sure all routers on the Internet know how to get to a certain IP address. When an IP range becomes unreachable it will be withdrawn from BGP, this informs routers that the IP range is no longer reachable
- For example, one of the name servers for the DNS zone .SY is ns1.tld.sy with IP address 184.108.40.206.
- Normally our routers would expect a BGP route for 220.127.116.11/18
- Currently that route has disappeared and we no longer have a way to reach the Nameservers for .SY that reside in Syria
- And in parallel news, we are hearing unconfirmed reports that mobile connections have been cut off as well.
- Did Assad simply forget to pay his country’s DNS (and cell) bill, or is this a preamble to putting Syria in the “dark” in advance of possible future military escalations? We will provide updates as we see them.
[stextbox id="x22report"]This is turning out to be an event that would definitely make the government take the guns from the American people. This will paint a picture of gun owners as crazy, breaking the law, extremists and all that needs to happen is for someone to fire a shot and it is all over. If they want to march on Washington that is ok but we need to march peacefully (without weapons) and the let the government know our concerns. Our founding fathers were not hostile, they tried many, many times peacefully to have the British government listen to their concerns. [/stextbox]
- Hey Gun Owners!
- Let’s follow this idiot over the bridge to D.C.!
- Does this image make anyone else think of Adam Pearlman a.k.a. Adam Gadhan or is it just me?
- It’s the
- “Bring Your Guns to D.C. With AstroTurf Adam and Hand ‘Em Over to the Feds!” March
- July 4th, 2013
- In the category of “potential false flag event in the making” this little event is bound to get a few bloggers chatting.
- No folks, it’s not “bad judgement”… judgement doesn’t get this bad… it’s a set-up from a fake opposition “leader” and nothing more.
- Adam “Limited Hangout” Kokesh is flexing his tank-top muscles once again.
- Adam is looking for around a thousand or so marchers who will walk with him across the bridge into D.C.
- There, they will be violating D.C. law, without even so much as a permit for their march, they will be walking a thousand of their personal weapons into a district that does not allow open carry. The penalty for that action will probably be the seizure of their firearms at least and potentially jail-time.
- Our corrupt congress doesn’t like looking outside and seeing armed constituents don’t ya know.
- There are several funny parts to all of this.
- The most glaring is the notion that it’s all being done to send a message to our tyrannical government that we will not be intimidated and will not submit to their intrusions yet the first thing they say is that is exactly what they will do if they meet any tyranny along the way: lay down their arms, throw up their hands and / or run away.
- A new video dramatization demonstrates in shocking, living color one reason gun-rights advocates resist bans on high-capacity magazines for firearms: Armed thugs don’t always attack alone.
- The video by MB Studio Productions depicts a startling but believable scenario in which armed thieves target a house when the family is at home. The family calls 9-1-1 and the father quickly retrieves his pistol from a gun safe. But after fending off the first armed intruder, the father stands horrified after pulling the trigger on a gun now empty of bullets as the second intruder enters the home.
- The dramatization’s final scene is tragic, and the video concludes with the words, “Because your government decided how many rounds you need to protect your family.”
[stextbox id="x22report"]Since Obama administration says “maneuvers are not a warning to Iran” you know that they are. We need to get the war started to cover up the economic collapse.[/stextbox]
- Massive US-led military drills began in the Persian Gulf in a second such show of maritime might in under a year. The US says the exercises are not aimed at Iran, who earlier vowed to close the Hormuz Strait, and now expresses concern over the drills.
- The US Navy has issued a statement that the mass exercises are aimed at “enhancing capability to preserve freedom of navigation in international waterways.” The drills will reportedly focus on mine-sweeping and search-and-seizure operations, and some on-shore training.
- The Pentagon is directing the maneuvers, which will reportedly involve 35 ships, 18 unmanned submarines and unmanned aircraft. The 40 other countries participating in the drills have not yet been named; Britain, France, some Middle Eastern states, and nations as distant as New Zealand have previously participated in similar exercises.
- The Obama administration has stated that the maneuvers are not a warning to Iran, and are intended solely to secure a key oil route in the region.
- Syrian rebels have abducted four UN peacekeepers monitoring a ceasefire line between Syria and the Israel-occupied Golan Heights, a UN peacekeeping spokesman has said.
- A Syrian rebel group identified as the “Yarmouk martyrs brigade” claimed responsibility for the act, saying the peacekeepers had been detained for their own safety after clashes erupted in the separation zone between Syria and Golan, Reuters reports.
- The rebel group made the announcement via their Facebook page, which was accompanied by a picture of four peacekeepers wearing the signature light-blue UN flak jackets marked “Philippines.”
- The peacekeepers were detained while on patrol in an area not far from an area where 21 Filipino observers were taken and held for three days in March, a UN spokesperson said.
5.07.13 – The Reality-Is-Perception Gap
- With retail stocks surging on the back of the any-minute-now recovery (justified by the might of the Federal Reserve printing press), we thought it perhaps useful to consider just how great things are in the retail sales space. Given the non-stop accelerating rise in the equity prices, retail sales must be accelerating or must have turned up green-shoot-like? Well not so much. As the following chart shows, while retail sales (ex-food) is still rising modestly YoY, it is doing so a decelerating pace (as income growth stagnates and discretionary income slumps). But for now, all we must believe is the market knows best (until, 2008-like) it doesn’t.
[stextbox id="x22report"]We are tracking cyber attacks on “The People“. According to what DHS is saying is that other groups are watching to see how successful this cyber attack is. If it is very successful other more advanced groups might take the initiative and carry out larger attacks. They are using this attack to setup the big one[/stextbox].
- Hackers based in the Middle East and North Africa are preparing cyberattacks this week against the websites of high-profile U.S. government agencies, banks and other companies, according to the Department of Homeland Security.
- The attacks, dubbed #OpUSA, for Operation USA, will begin Tuesday, the department said in a warning bulletin circulated to the private sector last week. The bulletin was first obtained and posted online by blogger and cybercrime specialist Brian Krebs.
- The attacks are called for in the name of Anonymous, the leaderless coalition of hackers whose trademark Guy Fawkes mask has become a global symbol for their anarchist spirit.
- “OpUSA poses a limited threat of temporarily disrupting U.S. websites,” the Homeland Security bulletin states, saying the attackers will likely use commercial hacking tools in a variety of “nuisance-level” strikes, defacing websites or temporarily knocking them offline.
- “Some of the participants possess only rudimentary hacking skills,” the authors add.
- More worrying though, the attacks seems to presage a developing alliance between criminal hackers and violent Islamic extremists.
- The bulletin notes that the attacks are being promoted by the moderators of websites and discussion forums that host al Qaeda and other Islamist material, in addition to calls through more conventional hacker channels like the bulletin board Pastebin.
- This collaboration may “signal an emerging trend of Middle East- and North Africa-based criminally motivated hackers collaborating with others regardless of their motivation,” like Islamic extremists, states the bulletin.
- “Middle East- and North-Africa-based criminal hackers will continue issuing public statements to announce cyber attack plans against high-profile targets,” the bulletin predicts.
- Homeland Security will monitor these statements for signs of an emerging alliance between Anonymous and jihadists, the bulletin goes on. Future public statements “may provide insight into whether these [hacker] groups are radicalizing toward violence and whether they would potentially partner with or conduct attacks on behalf of violent extremists.”
- If #OpUSA generates media coverage, its planners might attract other, more skilled hackers, to their ranks, making future attacks more dangerous.
- “Perceived success might lead other individuals — including those with advanced technical skills — to undertake similar efforts and attempt more threatening cyber attacks targeting U.S. government and commercial websites,” it warns.
- The “paper smash” that was surely designed to SCARE investors away from the metals has done exactly the opposite. It was in retrospect a MASSIVE MISTAKE! Previous to take down 3 weeks ago we believed that the physical market was “fragile” at best, now we have proof that we were correct in this analysis. Now the question becomes, “can they put this back into the box?”. Can they calm the physical precious metals markets? My guess is that they cannot unless…one of two or both of two things happen. Some way, somehow “sufficient supply” must show up in the cash markets OR the price must rise (and by rise I mean dramatically) in order to ration out the existing supply.
- Nothing causes a buying panic greater than a shortage. In other markets a shortage may be just an inconvenience, a shortage in gold and silver will in itself actually create higher demand due to their being Giffen goods.
- A complete and total RUN on physical metal supplies and inventories has never ever been more ripe than it is now. “Is this it? ..or can they put it back into the box until a later date?
- The very real danger now is that what has been started begins to snowball.
- Although Obamacare is fluid, being rewritten hourly, as of this moment, the plan is to create “accountable care organizations,” or ACOs. These will be defined by geographic areas that contain a certain number of patients. Currently, for example, a pilot ACO blankets a large area of northwestern Iowa.
- Step one: America will be sliced up geographically into ACOs, which will gather all sorts of patient-care data for the feds and will be paid a fee for service at Medicare rates. The ACOs will be lauded as the saviors of medicine and given bonuses for quality and cost containment. Currently, they are being offered a 50-percent cash rebate for any savings they bring about. Patients can choose to go anywhere for care, in or out of the ACO. Private practitioners outside the system will be “allowed” to keep practicing, they will not be forced to join the ACOs – that would be un-American – but these small practices will be unable to survive the regulatory burden of Obamacare. So, these doctors will retire early, or close up shop or simply go to work for the ACOs, where they will do better financially.
- Step two: Once private practitioners are squeezed out of existence, there will be no competition. The ACOs will be the only show in town and totally under the thumb of the federal government. At this point, the bonus money will go away, and the feds will squeeze down payment to doctors and hospitals. (The CFO who spoke at our meeting may think the federal government is willing to leave free money on the table for him to pick up, but that only is doled out to favored political donors, not to producers. The bonus is simply another bribe historically given to businesses by government in order to make them vassals of the state … and businesses never seem to learn.) Small hospitals will have to consolidate under big ones or go out of business. At this point, to prepare for the final step, rumblings of problems in the ACOs will start.
- Step three: As government reimbursements diminish and there is no private option, the system will fail to deliver adequate care. Patients won’t be able to get appointments or timely surgery, doctors will complain, hospital staffs will strike and in general the system will implode. Government, always ready to leap into the breach (and reminiscent of the precedent of the Reichstag fire), will declare a national crisis and push through emergency legislation – that is already in the system – to nationalize health care. Hospitals will be taken over by the feds, doctors and nurses and all necessary personnel will have no choice but to be government employees, and at this point patients will be assigned to the ACOs without any choice in the matter. At the stroke of a pen health insurance will cease to exist, and perhaps the companies who sold insurance will be placed in charge of administrating these ACOs. (This road is already being paved as big companies like Blue Cross are given government contracts to administer Medicare.)
- Think this can’t happen? Even some of the ACO administrators admit they are being set up to fail. But fail to what end? To the goal which has been the goal all along: establish a national health service ala Canada or England or Sweden. This is not a medical or societal evolution; this is programmed incremental revolution, and we – like the Russians and French and Cubans – will pay the price, because when free market medicine goes, so goes freedom. The power that brings about this government takeover will not limit itself to medicine. It will consume every facet of the social and economic life of America.
- I get a call from a close friend in NYC last Friday. His career has been in private wealth management in the private bank department of the Too Big To Fail banks. He’s been looking for work and chats with old colleagues all the time. He called my Friday and told me he just got off the phone with a very high level private banker from a big Euro-based TBTF bullion bank, but who was at JP Morgan until about six months ago.
- This guy told my friend that there is a scramble by many very wealthy European families/entities to get their 400 oz bars out of the big bank vaults. He knows this personally, for a fact. He said the private banker community is small over there and the big wealthy families all talk to each other and act on the same rumors/sentiment. The Bundesbank/Fed and the ABN/Amro situations triggered this move. He knows for a fact JPM tried to calm fears about 3 months ago by sending a letter to it’s very wealthy clients assuring them their bars were safe, in allocated accounts. He said right now those same families are walking into the big banks like JPM and demanding delivery of their bars or threatening to take their $100s of millions in investment portfolios to competitors. His wording was “these people are putting a gun to the heads of private banks and demanding their gold.”
- I know this information is good because I know my friend’s background and when he tells me his source is plugged in, the guy is plugged in. Not only that, my friend’s source said that there’s no doubt that someone like a John Paulson, not necessarily specifically him, but entities like him or it may include him, have held a gun to GLD and demanded delivery of physical in exchange for their shares.
- …what we are now seeing is the final stages of the paper gold/silver bullion market, which has grown at a parabolic rate over that last 13 years, and includes Comex futures, LMBA forward contracts, OTC derivatives – which is an even bigger paper market than the Comex – leased gold claims/contracts and warehouse receipts.
- At some point there will be an even bigger “run on the bank” by those looking for delivery of the physical gold/silver that they have been “assured” is sitting in their “trusty” bank custodian vault. I know for myself that I have seen enough from the JPM’s of the world to not trust anything they do or say. I think a lot more people are finally coming to that same conclusion. At some point there will be a complete collapse of trust in the paper monetary system and the price of gold/silver will really go parabolic, as the masses realize all at once – and far too late I might add – that everything that was rumored over the last 13 years about paper gold, gold leasing, etc is actually true.
[stextbox id="x22report"]So lets look a the facts, they were pushing hard as they possibly could of to get the gun bill passed, it failed. The President promised the Newtown victims and had the children with him when he signed the EO. After the bill failed he created new EO. Now they are going to wait until after the summer. Basically what they are planning is a huge event which will be so horrific and terrible the American people will beg for the gun control bill to be passed which is pending in the Senate.[/stextbox]
- Vice President Joe Biden on Monday acknowledged what everyone involved in gun control has been saying privately for weeks: Any votes for expanded background checks must wait at least through the summer while the Senate debates immigration reform.
- Biden offered the White House timeline to a group of about 20 representatives from faith-based organizations, three people who attended the meeting told POLITICO.
- The vice president’s words mark the first time the White House has revealed a timeline that has been widely discussed among gun control advocates and senior aides to senators who are pushing background checks.
- “He doesn’t think it will come back before they’ve made some pretty good steps on immigration,” said Sister Marjorie Clark, a lobbyist for Network, the Catholic social justice organization. “He said, ‘I don’t think it will happen before immigration but it will come back.’”
- The timeline adds to Biden’s Thursday revelation that he plans to travel the country to push the White House gun control agenda. Then, in a meeting with representatives of law enforcement organizations, Biden said he planned extensive travel to states where senators voted against background checks and said he would take an active role in tweaking the legislation to win more votes.
- Biden said Thursday that he “hadn’t really discussed” his plans with Obama. White House press secretary Jay Carney on Friday reiterated that Biden is “a key player” in the White House gun control push but didn’t respond to Biden’s specific comments.
[stextbox id="x22report"]It use to be in American you needed evidence, probable cause and a warrant to get this type of information according to the Constitution,4th Amendment. By doing this the government just ripped up the Constitution. Every American should be outraged and angry.[/stextbox]
- Big Brother is watching everything that you do on the Internet and listening to everything that you say on your phone. Every single day in America, the U.S. government intercepts and stores nearly 2 billion emails, phone calls and other forms of electronic communication. Former NSA employees have come forward and have described exactly what is taking place, and this surveillance activity has been reported on by prominent news organizations such as the Washington Post, Fox News and CNN, but nobody really seems to get too upset about it. Either most Americans are not aware of what is really going on or they have just accepted it as part of modern life. But where will this end? Do we really want to live in a dystopian “Big Brother society” where the government literally reads every single thing that we write and listens to every single thing that we say? Is that what the future of America is going to look like? If so, what do you think our founding fathers would have said about that?
- Many Americans may not realize this, but nothing that you do on your cell phone or on the Internet will ever be private again. According to the Washington Post, the NSA intercepts and stores an astounding amount of information every single day…
- Every day, collection systems at the National Security Agency intercept and store 1.7 billion e-mails, phone calls and other types of communications. The NSA sorts a fraction of those into 70 separate databases.
- But even the Washington Post may not have been aware of the full scope of the surveillance. In fact, National Security Agency whistleblower William Binney claims that the NSA has collected “20 trillion transactions” involving U.S. citizens…
- In fact, I would suggest that they’ve assembled on the order of 20 trillion transactions about U.S. citizens with other U.S. citizens.
- So the NSA must have tremendous data storage needs. That must be why they are building such a mammoth data storage center out in Utah. According to Fox News, it will have the capability of storing 5 zettabytes of data…
- The NSA says the Utah Data Center is a facility for the intelligence community that will have a major focus on cyber security. The agency will neither confirm nor deny specifics. Some published reports suggest it could hold 5 zettabytes of data. (Just one zettabyte is the equivalent of about 62 billion stacked iPhones 5′s– that stretches past the moon.
- Are you outraged by all of this?
- You should be.
- The U.S. government is spying on the American people and yet they continue to publicly deny that they are actually doing it.
- A new law proposed by the European Commission would make it illegal to “grow, reproduce or trade” any vegetable seeds that have not been “tested, approved and accepted” by a new EU bureaucracy named the “EU Plant Variety Agency.”
- It’s called the Plant Reproductive Material Law, and it attempts to put the government in charge of virtually all plants and seeds. Home gardeners who grow their own plants from non-regulated seeds would be considered criminals under this law.
- The draft text of the law, which has already been amended several times due to a huge backlash from gardeners, is viewable here.
- “This law will immediately stop the professional development of vegetable varieties for home gardeners, organic growers, and small-scale market farmers,” said Ben Gabel, vegetable breeder and director of The Real Seed Catalogue. “Home gardeners have really different needs – for example they grow by hand, not machine, and can’t or don’t want to use such powerful chemical sprays. There’s no way to register the varieties suitable for home use as they don’t meet the strict criteria of the Plant Variety Agency, which is only concerned about approving the sort of seed used by industrial farmers.”
- “This is an instance of bureaucracy out of control,” says Ben Gabel. “All this new law does is create a whole new raft of EU civil servants being paid to move mountains of papers round all day, while killing off the seed supply to home gardeners and interfering with the right of farmers to grow what they want. It also very worrying that they have given themselves the power to regulate and licence any plant species of any sort at all in the future – not just agricultural plants, but grasses, mosses, flowers, anything at all – without having to bring it back to the Council for a vote.”
- Specific provisions are set out on the registration in the Union variety register and with regard to the possibility for the applicant to launch an appeal against a CPVO decision. Such provisions are not laid down for the registration in the national variety
- registers, because they are subject to national administrative procedures. A new obligation for each national variety examination centre to be audited by the CPVO will be introduced with the aim to ensure the quality and harmonisation of the variety registration process in the Union. The examination centre of the professional operators will be audited and approved by the national competent authorities. In case of direct application to the CPVO it will audit and approve the examination centres it uses for variety examination.
- A new magazine set up by Islamist radicals in Afghanistan and Pakistan is appealing to Muslims of the world to collaborate in developing new methods and technology to undermine American drone operations.
- Publishing under the title “Azan,” the magazine’s first edition became available on May 5, according to the SITE intelligence group. The sprawling 80-page issue, available online as a PDF, includes a lengthy section that evaluates drone strikes while making the case for a mass movement to undermine their impact.
- The editorial calls for assistance against drones as a “sacred duty” of the Ummah, or the Muslim community.
- “These drones can be hacked and manipulated as evidenced by the efforts of the Iraq Mujahideen. Furthermore, they can be destroyed using various technologies that the Mujahideen are working on. But the Muslims of the world must question themselves as to what role they are playing in helping these innocent Muslims with the abilities that Allah Has Given them. This is a call to anyone in the Islamic Ummah with knowledge, expertise and theories regarding anti-drone technology.”
- The hacking to which the article refers is a 2009 incident in which Iraqi insurgents evidently deployed commercial software called SkyGrabber to tap into live video feeds put out by US Predator drones in Iraqi airspace.
[stextbox id="x22report"]Remember CISPA is pending in the Senate. This cyber attack might be planned just to get CISPA passed. The EO are already setup for it.[/stextbox]
- Though a confidential alert by the US Department of Homeland Security is asking government websites prepare for an impending round of hacking and website attacks announced as the #OpUSA campaign, officials say the threats are likely a publicity stunt.
- Though it remains to be seen to what degree the Anonymous-affiliated “N4m3le55 cr3w“ group will be able to mount a widespread threat to American websites, a DHS alert obtained by prominent online security reporter Brian Krebs suggests that the government is taking the threat seriously.
- Already the #OpUSA campaign seems to have caused some activity on Monday, though the main event is scheduled for Tuesday May 7. Claims by a group calling itself “X-Blackerz Inc” claimed to have penetrated “100 US websites” while an anonymous user via Pastebin appeared to have posted a database of logins and passwords belonging to the Honolulu Police Department.
- According to Analysis Intelligence, #OpUSA is comprised of “self-proclaimed online freedom fighters” such as a collective calling itself the “ZCompany Hacking Crew.” In his own analysis, Krebs, the tech security reporter, posited that, should the May 7 action include the participation of Hamas’ Izz ad-Din al-Qassam Cyber Fighters (which claims ties with Palestinian political party Hamas) then the disruption could be far more serious.
- Rodney Joffe, a senior vice president with the US security and intelligence firm Neustar believes that “all bets are off” if the Qassam Cyber Fighters join the fray, Krebs reported. The group has been held responsible for a series of high-profile breaches of US financial institutions in response to the notorious Innocence of Muslims film promoted by Koran-burning American pastor Terry Jones.
[stextbox id="x22report"]They are approaching the goal of unemployment and the FED knows they cannot stop QE. So what do they do they tell you why they might need to continue with QE. Like we thought they were going to stop QE anyway. We all know the FED cannot stop QE.[/stextbox]
- The second half of 2012 saw a significant shift in US monetary policy from calendar-based guidance to outcome-based guidance and the adoption of a 6.5% unemployment rate as a threshold for ‘tapering’.
- With Friday’s better-than-expected payrolls data and another tick lower in the critical-to-liquidity unemployment rate, it seems Goldman Sachs (and others) are waking up to the facts that we have been vociferous about: the shift of jobless individuals from unemployment into inactivity (the participation rate dilemma) is making the unemployment rate a less appropriate measure of broad labor market conditions. This has important implications for Fed policy because it implies that the committee might still be quite far from reaching the jobs side of its mandate even once the unemployment rate is back at 6%.
- After all, the Federal Reserve Act calls for ‘maximum employment’, not ‘minimum unemployment’. This distinction did not matter much in the past, but it is becoming increasingly important. The ‘participation gap’ remains as big a drag on growth as ‘unemployment’ and we, like Goldman, would expect the Fed to ‘change’ its target for their outcome-based guidance
[stextbox id="x22report"]So lets see DHS proved to the world at the Boston Bombing they already have a mobile kill switch, they just want to extend this to everyone’s phone. So when the time comes they can stop all communications, texting, pictures and calls when an event or collapse occurs.[/stextbox]
- An epidemic of cell phone swiping has prompted calls for a ‘kill switch’ that would render mobile devices inoperable if they end up in the wrong hands.
- In San Francisco, California, half of the robberies reported in the last year involved the loss of a cell phone. George Gascon is the city’s district attorney and says things don’t have to stay that way.
- “Unlike other types of crimes, this is a crime that could be easily fixed with a technological solution,” Gascon told the New York Times recently.
- Apple’s iPhone and other smartphone models retail new in stores for hundreds of dollars apiece, and they are far from worthless on the black market. According to the Times, smartphones sold on the street in San Francisco can fetch upwards of $500, substantially less than a brand new iPhone 5 will set a customer back. But would that be any different if, say, stolen cell phones couldn’t be used again? Gascon and others think so and are calling on cell phone companies like Apple and others to implement a new technology that could remotely turn off a stolen phone for good.
- “We know that the technology can be developed to prevent this. This is more about social responsibility than economic gain,” he added to the Associated Press.
5.06.13 – This Is The S&P With And Without QE
- For a while there, it seemed that even the densest of career economists who try to pass for stock pundits on financial comedy TV, were starting to get that without the Fed’s (and the ECB’s, and the BOE’s, and the BOJ’s) QE, the market would be much, much lower (whether 500 points lower as Gundlach suggested or much more, remains unclear). After all: by now it should have been clear to most that QE is doing nothing for the economy, and everything for the stock and bond market (here we certainly agree: there is a bond bubble, which by implication there is an even more massive stock bubble too – anyone who says the two are unlinked can be immediately put on mute).
- #1 The Greatest Period Of Economic Growth In The History Of The United States Happened When There Was No Central Bank
- Did you know that the greatest period of economic growth in U.S. history was between the Civil War and 1913? And guess what? That was a period when there was no central bank in the United States at all. The following is from Wikipedia…
- The Gilded Age saw the greatest period of economic growth in American history. After the short-lived panic of 1873, the economy recovered with the advent of hard money policies and industrialization. From 1869 to 1879, the US economy grew at a rate of 6.8% for real GDP and 4.5% for real GDP per capita, despite the panic of 1873. The economy repeated this period of growth in the 1880s, in which the wealth of the nation grew at an annual rate of 3.8%, while the GDP was also doubled.
- #2 The Federal Reserve Is Systematically Destroying The Value Of The U.S. Dollar
- The United States never had a persistent, ongoing problem with inflation until the Federal Reserve was created in 1913.
- If you do not believe this, just check out the inflation chart in this article.
- The Federal Reserve systematically penalizes those that try to save their money. Inflation is a tax, and the value of each one of our dollars goes down a little bit more every single day.
- But over time, it really adds up. In fact, the value of the U.S. dollar has fallen by 83 percent since 1970.
- Anyone that goes to the grocery store on a regular basis knows how painful inflation can be. The following is a list that shows how prices for many of the things that we buy on a regular basis absolutely skyrocketed between 2002 and 2012…
- Eggs: 73%
- Coffee: 90%
- Peanut Butter: 40%
- Milk: 26%
- A Loaf Of White Bread: 39%
- Spaghetti And Macaroni: 44%
- Orange Juice: 46%
- Red Delicious Apples: 43%
- Beer: 25%
- Wine: 60%
- Electricity: 42%
- Margarine: 143%
- Tomatoes: 22%
- Turkey: 56%
- Ground Beef: 61%
- Chocolate Chip Cookies: 39%
- Gasoline: 158%
- #3 The Federal Reserve Is A Perpetual Debt Machine
- #4 The Federal Reserve Is A Centrally-Planned Financial System That Is The Antithesis Of What A Free Market System Should Be
- #5 The Federal Reserve Creates Bubbles And Busts
- #6 The Federal Reserve Is Privately Owned
- #7 The Federal Reserve Greatly Favors The “Too Big To Fail” Banks
- #8 The Federal Reserve Gives Secret Bailouts To Their Friends
- Citigroup – $2.513 trillion
- Morgan Stanley – $2.041 trillion
- Merrill Lynch – $1.949 trillion
- Bank of America – $1.344 trillion
- Barclays PLC – $868 billion
- Bear Sterns – $853 billion
- Goldman Sachs – $814 billion
- Royal Bank of Scotland – $541 billion
- JP Morgan Chase – $391 billion
- Deutsche Bank – $354 billion
- UBS – $287 billion
- Credit Suisse – $262 billion
- Lehman Brothers – $183 billion
- Bank of Scotland – $181 billion
- BNP Paribas – $175 billion
- Wells Fargo – $159 billion
- Dexia – $159 billion
- Wachovia – $142 billion
- Dresdner Bank – $135 billion
- Societe Generale – $124 billion
- “All Other Borrowers” – $2.639 trillion
- #9 The Federal Reserve Is Paying Banks Not To Lend Money
- #10 The Federal Reserve Has An Astounding Track Record Of Failure
- #11 The Federal Reserve Is Unaccountable To The American People
[stextbox id="x22report"]Soon Europe will hit a point where all countries will start collapsing and this will spread across the world.[/stextbox]
- At 27.2%, Spain is suffering the worst unemployment rate in modern history.
- Spain is tied with Greece, and is worse than the approximately 25% unemployment rate that the U.S. saw during The Great Depression.
- The causes, by now, are familiar — the end of a massive, bubble-fueled construction boom in 2008 led to spiraling unemployment and a deep recession, wreaking havoc on the Spanish economy.
- The problem is compounded by the fact that Spanish businesses are closing their doors at a record pace. In the first quarter of 2013, 2,564 companies filed for bankruptcy, up 45% from 2012.
- And while much attention is paid to the headline unemployment numbers — especially for youths, 57% of whom are now jobless — statistics that give a bit more of a glimpse of how life has changed in Spain since the crisis began are much more revealing.
- For most, no job means no income — and in many cases, no income means no food.
- According to the Spanish Red Cross’ Bulletin on Social Vulnerability, 26% of Spaniards can’t afford to put a meal with protein on the table even three times a week, and 43% percent can’t afford to heat their homes in the winter months.
- That is, if they still have their homes — the number of Spaniards facing foreclosures on their mortgages and evictions is rising fast.
- Foreclosures ordered by courts in 2012 alone totaled 91,622, up 17.7% from 2011.
- The Pentagon for the first time used its annual report on China to directly assert that Beijing’s government and military have conducted computer-based attacks against the U.S., including efforts to steal information from federal agencies.
- In a new report on the Chinese military, the Defense Department goes a small step further than it has gone in the past, when it said that cyber-attacks originated in China and may be linked to Beijing’s use of civilian experts in clandestine attacks against American companies. But over the past year, U.S. government officials and private cyber-security experts have increasingly stepped up accusations that the Chinese government is directly involved in cyber espionage against the U.S.
- In February, a U.S.-based cyber-security firm, Mandiant, issued a report accusing a secret Chinese military unit in Shanghai of years of cyber-attacks against more than 140 companies, a majority of them American.
5.06.13 – The Reality Is We’re Living In A Bubble — And ALL Bubbles Burst
[stextbox id="x22report"]People might have jobs but if they are working less hours it mean less pay, less pay means they will tighten their money belts and not purchase extra retail items which means retail will feel the pain. People will save less because they do not have extra money to save, so this mean less money in the bank. People will use credit cards more and build up debt because the amount of money they are receiving is not enough to support themselves. So where does this leave us right back to 2008 but with a much worse economic collapse.[/stextbox]
- The media is jumping for joy over last week’s US jobs numbers. But beneath the veneer of headline numbers lies a truly horrible economic reality.
- Let’s have a look at the two key economies for the world: China and the US.
- For starters, China’s recent economic data, as massaged as it is to the upside, is downright awful. China’s PMI numbers were the worst in two years. Staffing levels in the Chinese service sector decreased for the first time since January 2009 (remember that year).
- China’s LEI also shows no sign of recovery. If anything, it indicates China is heading towards an economic slowdown on par with that of 2008. And if you account for the rampant debt fueling China’s economy you could easily argue that China is posting 0% GDP growth today.
- In the US, last week’s jobs report didn’t look too bad until you dug deeper into the report and found that the average workweek declined by 0.2 hours from March- April.
- So what you may ask… 0.2 hours? Just under a 15 minutes per week?
- The issue here is that if you apply this drop to the total number of people employed in the private sector, this is the equivalent of over 21 million work hours being lost in one month.
- The Senate on Monday is poised to pass an Internet sales tax bill with strong bipartisan support, in spite of opposition from traditionally influential conservative groups and weak public backing.
- The Marketplace Fairness Act, which easily cleared a set of procedural Senate votes in recent weeks, wouldn’t technically impose any new taxes. Instead, it would give state governments the ability to collect Internet sales taxes from businesses headquartered outside of their respective state borders — taxes that are technically already owed. Consumers are expected to declare those taxes on their state income tax returns but often don’t.
[stextbox id="x22report"]Preparing for the attack on May 7th. Just letting the American people know that money has been taken out of accounts and the hackers have the ability to plant software and activate later to rob the money. If you haven’t removed some cash this might be a good time to do it.[/stextbox]
- The hackers often struck late on Fridays, starting about a year ago, sending skeleton crews at more than a dozen European banks rushing to keep bombardments of digital gibberish from crashing their websites.
- Wells Fargo & Co. said one aim of the distributed denial-of-service attacks was to test banks’ cybersecurity ahead of more advanced future attacks. Photographer: Scott Eells/Bloomberg
- Damaging as the bandwidth-choking attacks were, they were merely smokescreens. Once employees dropped their guard to fight one attack, hackers struck again, exploiting the openings to steal account information and create counterfeit debit cards.
- One attack was so fast that, within two hours, $9 million was withdrawn from automated teller machines in 46 cities, according to Francis deSouza, president of products and services for Symantec Corp (SYMC)., the Mountain View, California-based information security company that investigated the incidents.
- Symantec’s findings show that the attacks, which have been around for years, have evolved from nuisances causing temporary website outages into one of the cheapest and most effective ways to rob banks. They’ve become the online equivalent of a common street hustle, with the initial assault being the shiny object that distracts bank security teams long enough to pick customers’ pockets.
- Tens of millions of dollars were stolen in the past year in two-pronged attacks that banks didn’t notice until customers complained or investigators later uncovered the breaches, said Samir Kapuria, a Symantec vice president who led the research.
- “The problem is everyone is focusing on the fact someone has set fire to your front yard, and while you’re staring at the front yard someone is coming in through the back door,” said Tom Kellermann, a former security specialist with the World Bank and now vice president of cybersecurity for Trend Micro Inc., a Tokyo-based security software maker.
- A group calling itself Izz ad-Din al-Qassam Cyber Fighters has taken responsibility for attacks against Bank of America Corp., JPMorgan Chase & Co (JPM)., PNC Financial Services Group Inc (PNC). and others, claiming they were in response to a video uploaded to Google Inc.’s YouTube ridiculing the Prophet Muhammad and offending some Muslims.
- Iran’s government and its elite Qods Force were probably behind the attacks, retaliating against U.S.-led economic sanctions, U.S. Senator Joseph Lieberman, then chairman of the Homeland Security Committee and now retired, said in September.
- In the more common form, hacking groups plant malicious software inside a bank’s systems, then wait until they notice another group, such as Izz ad-Din or Anonymous, mounting a distributed denial-of-service attack. At that point, they swoop in, activate their software and raid compromised accounts.
[stextbox id="x22report"]So now they are publishing the cyber attacks are going to be conducted by Anonymous and al Qaeda and other Islamic extremists. The attacks are suppose to start on May 7th, this might be a practice run showing the American people that al Qaeda and Islamic extremists are behind this to get them use to the idea and to get them ready for the big one. Don’t forget CISPA is pending in the Senate. In any case everyone needs to be prepared just in case this is the big cyber attack.[/stextbox]
- Middle East- and North Africa-based criminal hackers are preparing cyberattacks this week against the websites of high-profile U.S. government agencies, banks and other companies, according to the Department of Homeland Security.
- The attacks, dubbed #OpUSA, for Operation USA, will begin Tuesday, the department said in a warning bulletin circulated to the private sector last week. The bulletin was first obtained and posted online by blogger and cybercrime expert Brian Krebs.
- The attacks are called for in the name of Anonymous, the leaderless coalition of hackers whose trademark Guy Fawkes mask has become a global symbol for their anarchistic spirit.
- “OpUSA poses a limited threat of temporarily disrupting U.S. websites,” the homeland security bulletin states, saying the attackers will likely use commercial hacking tools in a variety of “nuisance-level” strikes, defacing websites or temporarily knocking them offline.
- “Some of the participants possess only rudimentary hacking skills,” the authors add.
- More dangerous, though, is the developing alliance the organization of the attacks seems to presage between criminal hackers and violent Islamic extremists.
- The bulletin notes that the attacks are being promoted by the moderators of websites and discussion forums that host al Qaeda and other Islamic extremist material, in addition to calls through more conventional hacker channels like the bulletin board Pastebin.
- This collaboration may “signal an emerging trend of Middle East- and North Africa-based criminally motivated hackers collaborating with others regardless of their motivation,” like Islamic extremists, states the bulletin.
- “Middle East- and North-Africa-based criminal hackers will continue issuing public statements to announce cyber attack plans against high-profile targets,” the bulletin predicts.
- Homeland Security will monitor these statements for signs of an emerging alliance between Anonymous and jihadists, the bulletin goes on.
- “Perceived success might lead other individuals—including those with advanced technical skills—to undertake similar efforts and attempt more threatening cyber attacks targeting U.S. government and commercial websites,” it warns.
- If you think that the latest employment numbers are good news, you might want to look again. In April 2013, 58.6 percent of all working age Americans had a job. But three years ago, in April 2010, 58.7 percent of all working age Americans had a job. Well, you may argue, that is not much of a difference. And that is precisely my point. The percentage of Americans that have a job fell like a rock during the last recession. It dropped from about 63 percent all the way down to below 59 percent, and it has stayed below 59 percent for 44 months in a row. So where is the recovery? This is the first time in the post-World War II era that the employment-population ratio has not bounced back after the end of a recession. So anyone that tells you that we are experiencing an employment recovery is lying to you. Yes, the U.S. economy added 165,000 jobs last month. But it takes nearly that many jobs just to keep up with population growth. The truth is that we are just treading water.
- So why has the unemployment rate been going down? Well, it is because the government has been pretending that millions upon millions of unemployed Americans “don’t want jobs” anymore. In fact, an astounding 9.5 million Americans have “left the workforce” since Barack Obama took office.
- If you still believe that the employment market is getting better, just look at the following numbers. The percentage of working age Americans with a job has been sitting at about the same level for four years in a row…
- April 2008: 62.7 percent
- April 2009: 59.8 percent
- April 2010: 58.7 percent
- April 2011: 58.4 percent
- April 2012: 58.5 percent
- April 2013: 58.6 percent
- So why is everyone getting so excited over the latest numbers? When you step back and look at what has happened to the employment-population ratio over the past decade it really is quite horrifying…
- Libertarian activist and radio host, Adam Kokesh plans to lead an armed march on Washington, D.C. this Independence Day.
- Launched as a group on Facebook, the “Open Carry March on Washington” hopes to get 1,000 supporters to march into the nation’s capital with loaded rifles.
- The group plans to meet at Arlington National Cemetery in Virginia. From there, they will march across the Memorial Bridge into Washington, D.C. and continue down Independence Avenue.
- While Virginia permits open carry, Washington, D.C. does not issue any permit/licenses to carry a firearm.
- The Facebook page states:
- “This is an act of civil disobedience, not a permitted event. We will march with rifles loaded & slung across our backs to put the government on notice that we will not be intimidated & cower in submission to tyranny.”
- The event is said to be non-violent and states that if the group is met with physical resistance, they will turn back.
- “There’s a remote chance that there will be violence as there has been from government before, and I think it should be clear that if anyone involved in this event is approached respectfully by agents of the state, they will submit to arrest without resisting,” the event’s page reads.
- The event is open to unarmed supporters, journalists and welcomes law enforcement officers to join.
[stextbox id="x22report"]This is what he is trying to say to the graduating class of 2013. You will probably not find a job and as you search for one you will be frustrated and hear others talking about the government and how they are trying to take away our freedom and rights and how the government is controlled and manipulated by the central bankers. America is on the verge of collapse, just listen and do what I say because everything else you are hearing is not true.[/stextbox]
- PRESIDENT OBAMA: Unfortunately, you’ve grown up hearing voices that incessantly warn of government as nothing more than some separate, sinister entity that’s at the root of all our problems. Some of these same voices also do their best to gum up the works. They’ll warn that tyranny always lurking just around the corner. You should reject these voices. Because what they suggest is that our brave, and creative, and unique experiment in self-rule is somehow just a sham with which we can’t be trusted.
- We have never been a people who place all our faith in government to solve our problems. We shouldn’t want to. But we don’t think the government is the source of all our problems, either. Because we understand that this democracy is ours. And as citizens, we understand that it’s not about what America can do for us, it’s about what can be done by us, together, through the hard and frustrating but absolutely necessary work of self-government. And class of 2013, you have to be involved in that process.
5.06.13 – Inhofe: DHS ammo grab to ‘dry up’ supply
[stextbox id="x22report"]DHS is put into place to spy, control and label groups so when the collapse comes they can keep order among the American people and protect the President and government officials from the people. So DHS is going what they are ordered to do get the guns away from American any way they can.[/stextbox]
- U.S. Sen. Jim Inhofe, R-Okla., says he believes open purchase orders from the Department of Homeland Security to buy over 1 billion rounds of ammunition are part of an “intentional” effort by the Obama administration to “dry up the market” for gun-owning citizens.
- “We have in this country the Second Amendment that preserves the right to keep and bear arms,” Inhofe told radio host Aaron Klein, “and the president doesn’t believe in that.”
- Inhofe was a guest on “Aaron Klein Investigative Radio” on New York City’s WABC station, talking about his Ammunition Management for More Obtainability – or AMMO – bill, which is designed to limit non-defense, armed federal agencies to pre-Obama levels of ammunition. The bill, S.843, has been referred to Senate committee, while a similar bill sponsored by Rep. Frank Lucas, R-Okla., has been referred to House committee.
- “President Obama has been doing everything he could to stop the private ownership of guns in America,” Inhofe asserted. “Yet he’s been voted down in a big way by a large majority, and so my feeling is that he’s doing this to buy up [ammunition] so honest, law-abiding citizens here in the United States, like my son, can’t even buy ammunition because government is purchasing so much.”
- The DHS has claimed it’s simply creating bulk purchase orders to save money and that 80 percent of the ammunition is used for training purposes, but Inhofe isn’t buying the explanation.
- “We had someone testify the other day the DHS has the ‘right’ – this is a bureaucrat who said this – they have the ‘right’ to buy as much as they want, and they’re planning to buy 750 million rounds,” Inhofe said. “That is more than three times the amount our soldiers are using for training to defend our nation.”
- U forecasts 2013 French slide into recession
- The European Commission published its highly anticipated spring forecasts on Friday, predicting a French slide into recession this year, with its economy projected to shrink by 0.1 percent.
- Euro Unemployment Just Hit A Brand New Record High
- This is a devastating chart.
- Eurozone unemployment hits a brand new high of 12.1%.
- The Chinese Are Freaking Out About A Sudden Drop In Housing Prices
- ASK ordinary people about their own Chinese dream, and you find owning a home is high on the list.
- But years of rising house prices have put that dream out of reach of many. A slowing economy appeared to take some of the heat out.
- Now, alas, the residential property market is soaring again (see chart). A new survey of developers and property firms on May 2nd showed average house prices up more than 5% in April on a year earlier.
- Taking the long view, rising property values seem defensible. The country is undergoing the largest wave of urbanisation in human history and homes must be built for all of those new city dwellers.
- Chinese Growth – Real Or Imagined?
- We toyed with titling this post “Lies, Damned Lies, And Chinese Statistics” but perhaps that is a little harsh, though one glance at the chart below and one instantly comprehends the efforts that are being undertaken to ‘show’ the world that China’s transition is on target (and crumbling into collapse). As we recently noted, it is actually unlikely that China can complete this transition to organic (as opposed to investment-led) growth (with moderate growth the exception not the rule), and China’s recent trade data does not pass the smell test. As GREED & Fear’s Chris Wood notes, with the Hong Kong trade data being released last week, it is worth noting a growing discrepancy between the data on China’s exports to Hong Kong reported by mainland’s customs department and the corresponding data on Hong Kong’s imports from China reported by Hong Kong’s Census and Statistics Department in March.Such inconsistency in China’s export numbers relative to the imports data from its trading partners has generated growing speculation about the credibility of China’s trade figures. Various explanations have been put forward (below) but the divergence would seem far too large to be simply explained by “different statistical methods” as the Chinese government’s official line notes.
[stextbox id="x22report"]Bernanke studied the great depression and he is doing the opposite of what the central bankers did back in 1929. The central bankers contracted the money supply and Bernanke is expanding the money supply, or is he? Where is the money really going?[/stextbox]
- Deflation Concerns Spring Up as Economy Drifts
- Wall Street traders are fretting about falling prices more than inflation because a raft of financial reports show the economy is starting to weaken, according to USA Today.
- The newspaper predicted the Federal Reserve may have to shift gears to focus on preventing a bout of deflation from taking hold.
- “Worst case scenario: a deflationary spiral like the one during the Great Depression, which
- triggered individual and corporate bankruptcies across the land,” USA Today said.
- If consumers and businesses believe the prices of goods and services are declining, “they tend to delay spending if possible,” USA Today said.
- “They want to wait and get the lowest price they can. That sentiment would snuff out the bull market, likely in an alarming sell-off.”
5.06.13 – Ron Paul: “This Is A House Of Cards”
- Federal Reserve Blows More Bubbles
- Last week at its regular policy-setting meeting, the Federal Reserve announced it would double down on the policies that have failed to produce anything but a stagnant economy. It was a disappointing, but not surprising, move.
- The Fed affirmed that it is prepared to increase its monthly purchases of Treasuries and mortgage-backed securities if things don’t start looking up. But actually the Fed has already been buying more than the announced $85 billion per month. Between February and March, the Fed’s securities holdings increased $95 billion. From March to April, they increased $100 billion. In all, the Fed has pumped more than a half trillion dollars into the economy since announcing its latest round of “quantitative easing” (QE3) in September 2012.
- Although many were up in arms when the Fed said it would buy $600 billion in government debt outright for the previous round, QE2, all seems quiet about the magnitude of QE3 because it doesn’t come with huge up-front total price tag. But by year’s end the Fed’s balance sheet could hit $4 trillion.
- With no recovery in sight, where’s all this money going? It is creating bubbles. Bubbles in the housing sector, the stock market, and government debt. The national debt is fast approaching $17 trillion, with the Fed monetizing most of the newly issued debt. The stock market has been hitting record highs for the past two months as investors seek to capitalize on the Fed’s easy money. After all, as long as the Fed keeps the spigot open, nominal profits are there for the taking. But this is a house of cards. Eventually, just like in 2008-2009, the market will discipline the bad actions of the Fed and seek to find the real normal.
- In the meantime, real families are suffering. While Wall Street and the government take advantage of access to the Fed’s new “free” money, the Fed claims there is no inflation. But who hasn’t paid higher prices at the grocery store, the gas pump, for tuition, for insurance? It’s bad enough that household incomes have stagnated, but real purchasing power has declined so much that one in seven Americans, 47.3 million people, are on food stamps. Five million are collecting unemployment insurance with 21.5 million afflicted by unemployment according to the government’s own figures. That’s 13.9 percent — close to double the 7.5 percent unemployment number reported last week.
- We are certainly not in a recovery. We don’t see the long unemployment and soup kitchen lines like in the Great Depression, but that’s just because the lines are electronic now.
- It is not surprising the Fed has decided to hand the American people more of the same failed policies. But it is disappointing. We know what the real solution is: allow the marketplace to work. Allow entrepreneurs the chance to create instead of stifling innovation with arbitrary regulations. Allow interest rates to rise to equal the risks in the economy. Allow bad debts to be liquidated so we can build on a firm foundation. Stop printing money to benefit the government and big banks. Restore sound money to the economy and the American people. Sound money is the bedrock for prosperity and the best check on big government and crony capitalism.
- Back in December we pointed out the patently obvious: in the absence of an external rebalancing mechanism, i.e., a free-floating currency, the only option for the bulk of the periphery to regain competitiveness was through ongoing wage collapse and persistent localized depression. Five months later, just as predicted, Europe is in a worse shape than ever before, not only in those non-core countries where wage deflation is accelerating, but the weakness has fully spilled over to the core. Of course, none of this is rocket science, and has been quite obvious to anyone who thought for more than 15 seconds about the “future” of the Eurozone. What is surprising, however, is that with every passing day even the most staunchest supporters of the euro, in this case Oskar Lafontaine, German finance minister in 1998-1999, under whose supervision the euro was launched, are becoming the most vocal Euro-skeptics an unsound, political (capital) currency can no longer buy. Here is the Telegraph’s Ambrose Evans-Prithard dissecting the conversion of the latest europhile turned euroskeptic.
- From The Telegraph
- Oskar Lafontaine, the German finance minister who launched the euro, has called for a break-up of the single currency to let southern Europe recover, warning that the current course is “leading to disaster”.
- “The economic situation is worsening from month to month, and unemployment has reached a level that puts democratic structures ever more in doubt,” he said.
- “The Germans have not yet realised that southern Europe, including France, will be forced by their current misery to fight back against German hegemony sooner or later,” he said, blaming much of the crisis on Germany’s wage squeeze to gain export share.
- Mr Lafontaine said on the parliamentary website of Germany’s Left Party that Chancellor Angela Merkel will “awake from her self-righteous slumber” once the countries in trouble unite to force a change in crisis policy at Germany’s expense.
- His prediction appeared confirmed as French finance minister Pierre Moscovici yesterday proclaimed the end of austerity and a triumph of French policy, risking further damage to the tattered relations between Paris and Berlin.
- “Austerity is finished. This is a decisive turn in the history of the EU project since the euro,” he told French TV. “We’re seeing the end of austerity dogma. It’s a victory of the French point of view.”
- Mr Moscovici’s comments follow a deal with Brussels to give France and Spain two extra years to meet a deficit target of 3pc of GDP. The triumphalist tone may enrage hard-liners in Berlin and confirm fears that concessions will lead to a slippery slope towards fiscal chaos.German Vice-Chancellor Philipp Rösler lashed out at the European Commission over the weekend, calling it “irresponsible” for undermining the belt-tightening agenda.
- Texas House Bill 1076, which would prohibit state or municipal law officers from enforcing certain federal gun control laws “knowingly”, is being debated and voted on today.
- The bill, introduced by Rep. Steve Toth, R-The Woodlands, would ban all state agencies and employees from enforcing any new federal laws that attempt to override Texas citizens second amendment right. If the bill becomes law it will stop any federal bans or restrictions on firearms, accessories, ammo, etc.
- The 12 approved gun bills must all clear final, procedural votes before heading to the state Senate. Still, they advanced with only minimal delay, cruising past Democrat-led efforts to block or stall them. Nearly all were approved by simple voice votes.
- The House also overwhelmingly approved a bill that attracted national attention when it was introduced by first-term, tea party Republican Rep. Steve Toth of The Woodlands. It would nullify within state borders any federal laws banning assault weapons or high-capacity magazines, or expansion of background checks for firearms owners, even though doing so would almost certainly violate the U.S. Constitution.
- “There are 27 amendments in the Constitution but only one says ‘shall not be infringed,’” Toth said. “The Second Amendment is the amendment that keeps the people free.”
[stextbox id="x22report"]Everything is heating up, the war has just begun, and we know that this was planned because they need the war to cover up the collapse. The question is, how are the central bankers and government going bring us into the war. Be on a look out for event to bring us into war[/stextbox]
- Israel has declared a state of alert on its embassies, consulates, and missions around the world after reportedly launching two airstrikes on Syria, Al-Mayadeen reported. The IDF has deployed a rocket defense system in the north of the country.
- The airspace over northern Israel and Haifa area are also said to be closed off to civilian flights.
- The only reaction came from a military official, who said it moved two Iron Dome batteries on Sunday as part of “ongoing situational assessments,” AP reports.
- The deployment came several hours after Israel carried out what is believed an airstrike in Damascus that attacked a shipment of Iranian-made missiles bound for Hezbollah.
- Shortly after that Lebanon’s TV Al-Mayadeen reported that Syria pointed missile batteries at Israel.
- The Israeli Defense Forces allegedly carried out a second consecutive strike on targets within Syria’s territory. The aim was reportedly Fateh-110 missiles Israeli sources said were meant for Lebanon’s Hezbollah, considered as a terrorist group by Tel Aviv.
- Israeli Prime Minister Benjamin Netanyahu didn’t mention the fact of the strike or Iron Dome deployment directly at a public appearance on Sunday, but spoke pointedly about a commitment to keeping Israel secure.
- “[My father] taught me that the greatest responsibility we have is to ensure Israel’s security and guarantee its future,” he said.
[stextbox id="x22report"]Using Senate Resolution 65 the U.S.can join Israel now in a war with Iran. Israel pushed Syria by bombing them and they knew Iran backed Syria and the U.S. backs Israel. But we should not forget China and Russia back Iran and Syria. The economic collapse ware cover-up begins.[/stextbox]
- Iran called on the region to unite against Israel after a reported attack on Syria and said it was ready to train the Damascus government’s army.
- Israel carried out its second air strike in days on Syria early on Sunday, targeting Iranian-supplied missiles headed for Lebanon’s Hezbollah, a Western intelligence source said.
- Tehran on Sunday denied the attack was aimed at “its missiles destined for Hezbollah resistance fighters in Lebanon,” according to the Islamic state’s English-language Press TV.
- Iran has supported its ally Syrian President Bashar al-Assad in his efforts to suppress a rebellion that has raged for more than two years and which Tehran and Damascus say is being waged by Western-backed “terrorists”.
- Iranian Foreign Ministry spokesman Ramin Mehmanparast urged countries in the region to stand against the “assault”, the Fars news agency reported on Sunday.
- Iranian army ground forces commander Ahmad Reza Pourdastan said on Sunday Iran was ready to support its ally.
- “Syria has a powerful army and with the structure and experience it has against the Zionist regime (Israel) it can definitely defend itself and there is no need for intervention by other countries,” Pourdastan said, according to Fars.
- “But if they need training we can help them,” he added.
- Iran has denied supporting Assad militarily, although Western diplomats have said Iranian weapons pour into Syria via Iraq, Turkey, and Lebanon.
- Ali Akbar Velayati, an adviser to Iran’s Supreme Leader Ayatollah Ali Khamenei, said in January Tehran would consider an attack on Syria an attack on itself.
[stextbox id="x22report"]The battle between federal government and state government. Federal government needs to be careful because they could be starting something that they will not be able to finish.[/stextbox]
- Kansas Secretary of State Kris Kobach has responded to Eric Holder and he is not backing down. Kobach warned, in a statement released Thursday, “With respect to any litigation, we will happily meet Mr. Holder in court.”
- For the State of Kansas to pass the strongest 2nd Amendment legislation in the nation made my heart swell with American pride and their rejection of Mr. Eric Holder yesterday made me even prouder. I was born in Kansas and will die a “Jayhawk.”
- For those who don’t know… The Jayhawkers were “Free Staters” during the American Civil War. They would go into Missouri and “steal” slaves in order to ensure their God-given right to freedom. And so it is today. The proud people of Kansas value freedom that is a God-given right and they will not be intimidated by the likes of Attorney General Holder.
- Last week Eric Holder sent a letter to Governor Sam Brownback informing the Governor that Kansas S.B. 102, The Second Amendment Protection Act, was unconstitutional. Here is a brief quote from the letter:
- “In purporting to override federal law and to criminalize the official acts of federal officers, S.B. 102 directly conflicts with federal law and is therefore unconstitutional.”
- Kris W. Kobach, Kansas Secretary of State, was quick to respond. Here is an excerpt from his official statement:
- “On April 26, 2013, U.S. Attorney General Eric Holder sent a letter to Kansas Governor Brownback concerning SB 102, the Second Amendment Protection Act. In that letter, Holder declares SB 102 to be unconstitutional and suggests that federal officials will disregard it. Holder’s understanding of the United States Constitution is incorrect.
- As one of the co-authors of SB 102 and a former professor of constitutional law, I ensured that it was drafted to withstand any legal challenge. SB 102 states that a firearm that is assembled in Kansas, that is stamped “Made in Kansas,” and that never leaves the State of Kansas is not subject to regulation by the federal government. It was drafted with the intent to assert Kansas’s authority as a co-equal sovereign under the United States Constitution to regulate a matter that is outside Congress’s jurisdiction under the Interstate Commerce Clause of Article I, Section 8. It was also drafted to stave off unconstitutional legislation pending in Congress that not only infringes upon the Second Amendment rights of Kansas Citizens, but also exceeds Congress’s constitutional power to regulate interstate commerce.”
- I am attaching a copy of both letters at the end of the article for those who would like to read them in full. Eric Holder was just taken to school by a real constitutional scholar. The legislators in Kansas have shored up every loophole and this legislation should be a model for other states to follow.
- Make no mistake Mr. Holder. If you send your people to Kansas in pursuit of any kind of unconstitutional gun grab they can and will be arrested. This is the law. You do not write laws in the State of Kansas.
- This is not New York or California Mr. Holder. This is Kansas.
- In Kansas we still cling to our God and our guns.
[stextbox id="x22report"]This sure does make it easier for the central bankers to start wars and to make a fortune off of the war[/stextbox]
- A handful of Democratic and Republican senators are considering a rewrite of 60 of the most consequential words to ever pass through Congress. The Authorization for Use of Military Force (AUMF), passed after the attacks of 11 September 2001, and provides the legal cornerstone for the so-called US “war on terror”. Only one brave Congress member opposed it. It allows the US government to wage war at anytime, any place and on anyone deemed a threat to national security – with remarkably little evidence needed.
- The consequential nature of these words is self-evident: the AUMF opened the doors to the US wars in Iraq, Afghanistan and Libya; attacks on Pakistan, Yemen, Somalia and Mali; the new drone bases in Niger and Djibouti; and the killing of American citizens, notably Anwar al-Awlaki and his 16-year-old noncombatant son. It is what now emboldens the hawks on the warpath to Syria, Iran and North Korea.
- Rather than doubling down on war policy, as some senators are inclined to do, Congress should repeal the 2001 law. This “blank check” approach to warfare has to stop. And while the rewrite is being framed by members of both chambers (Senators John McCain and Bob Corker, Representative Buck McKeon and others) as an act of congressional oversight, it is doubtful that these hawks will curb any military authority. They have only ever called for more wars, not fewer. That means more Libyas, Yemens and al-Awlaki‘s.
- It is time for members of Congress who truly care about rule of law, oversight and the financial security of this country to speak up. Why? Because, first and foremost, the AUMF continues to contravene congressional oversight. For example, when the Obama administration sent 100 “military advisors” to Uganda in the name of counterterrorism in 2011, Congress received a simple note from President Obama. No oversight.
- More recently, after unilaterally negotiating a “status of forces” agreement with Niger, the administration sent a note to Congress saying that it was sending 100 troops to the country. This week, we sent troops to Mali. Again, no oversight.
- Syria’s information minister says those who infringe on Syria’s sovereignty must “study their choices carefully.” He said that Israel has “proved its link to terrorist groups.” Israel has reportedly carried out a second air strike on Syria in two days.
- In a Sunday statement, Omran al-Zoabi added that it is Damascus’ duty to “protect the state from any domestic or foreign attack through all available means.”
- The minister’s comments came after an emergency cabinet meeting organized to respond to what a Western source called a new strike on Iranian missiles bound for Lebanon’s Hezbollah, Reuters reported.
- The Arab League has condemned the alleged strike on Syria and urged the UN Security Council (UNSC) to act, reports Lebanon’s Naharnet news outlet. This follows reports of condemnation from Egyptian, Lebanese and Iranian leaders.
- The country’s Foreign Ministry sent a letter to the UN and the UN Security Council protesting “Israeli aggression” that killed and wounded several people and “caused widespread destruction.” It also said the attacks aimed “to give direct military support to terrorist groups” fighting the government.
- The notion was backed by Syrian Deputy Foreign Minister Faisal Mekdad, who said the attack proved that there is an alliance between Israel and Islamists trying to topple the Syrian government. In an interview with CNN he said the airstrikes are a “declaration of war” by Israel and that Syria would retaliate in its own time and way.
- Senior correspondent for Israel’s Haaretz newspaper, Amir Oren, says that Israel’s action is “only trying to prevent and preempt further conflagration.”
- “While there are many reasons in other aspects to be critical of Israeli policy, it does seem that this time around it’s quite balanced,” he told RT. Oren added that Israel is merely trying to prevent another Lebanon war.
- British Foreign Secretary William Hague agrees, saying that Israel has a right to defend itself.
- “All countries have to look after their own national security, of course, and are able to take actions to protect their own national security,” Mr Hague told Sky News.
- Portugal to cut 30000 government jobs and raise retirement age + Jobcuts all across Europe/Eurozone
- Prime minister announces plans to make $6.3bn in budget cuts by raising retirement age and laying off 30,000 workers.
- 15000 cut in Greece as well
- Peugeot sacking 11200 people in France as well.
- 24000 being cut in military in France also
- The number of registered job seekers in Spain hit a new high in March, the government said Tuesday, as ongoing lay-offs saw another 40,000 people lose their jobs. The country’s unemployed rate rose to almost 23 per cent.
5.04.13 – DHS Whistleblower Censored from 60 minutes
[stextbox id="x22report"]The government and central bankers really need to get the wars started so you will see more propaganda about chemical, nuclear and other instances of war like weapons. All of this is to get the war machine primed and ready.[/stextbox]
- A US top official has accused Iran and North Korea of trying to obtain high-tech materials linked to their armament programs, despite UN sanctions obstructing direct supplies.
- “Both Iran and North Korea have developed channels that enable them to continue to export and continue to procure the items they need for their weapons industry,” Thomas Countryman, the US’s Assistant Secretary for International Security and Nonproliferation, commented at a news briefing. The statement came after a round of global nuclear talks held in Geneva on Friday.
- Countryman stressed that such activity by Iran and North Korea violates UN sanctions that are banning them from the acquisition of nuclear, missile and related high-tech or any other military materials, as well as the export of such items.
- The UN tightened sanctions against Pyongyang after North Korea defied international warnings and conducted an underground nuclear bomb test on February 12.
- The West has repeatedly insisted that Iran is developing atomic weapons with experts fearing that it could have enriched uranium to a level of 20-percent- enough for a bomb- by the summer. It imposed several rounds of sanctions against Tehran targeting its oil and banking sectors.
- North Korea and Iran have cooperated on ballistic missile technology for nearly three decades. However, there have been concerns that both states are also cooperating in the field of missiles and nuclear technology.
- Commenting on cooperation between Iran and North Korea in nuclear matters, Countryman told Reuters that “they have contacts.”
- “We are watching it,” he said.
[stextbox id="x22report"]Once the bubbles pop the World is going to realize they were completely kept in the dark, they are going to be shocked, outraged and really pissed. They will have no money, no food, no where to live and the solution will be war and blaming this entire collapse on another nation.[/stextbox]
- “What comes next will take the majority of the population by surprise…”
- From SHTFplan:
- On the heels of a scathing assessment by Nigel Farage on the economic conditions in Europe –which he says will ultimately lead to violent revolution, former U.S. congressman Ron Paul and well known investor Jim Rogers weigh in on the discussion.
- Undeterred by those who fail to heed his warnings, Dr. Paul suggests that global economic conditions, spearheaded by out-of-control government policies in the United States, will continue to deteriorate until such time that the whole system comes unhinged.
- With financial markets hitting all-time highs, jubilation spreading throughout Wall Street, and average “mom & pop” Americans wondering if it’s time to plunge back in to stocks, Paul sees no reason for celebration.
- The economy worldwide, certainly in the States, is a lot weaker than they tell us.
- I believe that the unemployment rate in the United States is over 20%.
- I think there’s still inflation with the dollar… Everybody knows that they’re printing $85 billion a month… that could be considered inflation.
- You still have inflation, and that’s distortion… you have malinvestment… so you still have the built in problems, and we have plenty.
- I would expect that there’s going to be a lot more chaos yet to come. It will not be limited to Europe. I think it will be a worldwide phenomenon.
- That states won’t escape it either because there are so many gross distortions throughout the world….
- We disobeyed economic law… and you can’t do that, no matter what Bernanke tells you.
- Jim Rogers, also…
- For those unfamiliar with the jargon, a haircut is simplistically defined as an imposed trimming of the value of an investor’s holding. As the Total Return Fund PTTAX -0.35% manager points out, this can come in all shapes and sizes
- His conclusion: every investor will take some sort of haircut. And it’s mostly because the central banks say so. Here’s his rundown of where the barbers are lurking:
- Negative real interest rates: The cost of borrowing is so low that investors earn negative money when they subtract the rate of inflation from the interest rates on government bonds. Those rates, Gross says, are being held down through quantitative easing. He adds: “Investors are being haircutted by at least 200 basis points judged by historical standards, which in the past offered no QE and priced Fed Funds close to the level of inflation.”
- Inflation and currency devaluation: Inflation is nothing new, but if it gets out of control, investors take a hit when their holdings lose relative value. Plus, it often goes hand in hand with currency devaluation, which can further impair purchasing power.
- Capital controls: federal policies aimed at controlling the flow of money, which cuts into return on capital. Such examples include currency pegging, and taxes on incoming capital, Gross says.
- Default: The most traditional form of haircut, where the borrower of money fails to repay it when due. But it speaks to the larger point that investments are only repaid when the assets backing them perform. If asset prices don’t go up, bonds may default.
- “Don’t kid yourself into believing it can’t happen in America… It can and will…”
- From Kevin Brekke, Metals & Mining Editor, Casey Research:
- The blatant theft of depositor money in Cypriot banks was at first peddled as a one-off emergency measure. Then a Freudian slip by the head of the Eurogroup finance ministers, Mr. Dijsselbloem, suggested this would be the new pattern for similar future events. Much back-pedaling and “clarification” ensued.
- But don’t bother squinting as you try to read the lips of mumbling bureaucrats. Just follow what they’re doing and you won’t get blindsided.
- What have they been up to? In October 2011, the Financial Stability Board (FSB) – a tentacle of the Bank for International Settlements, the central bank for central bankers – released a report that proposed a new regime to resolve financial-institution instability.
- In the report, the FSB calls for solvency support for banks without taxpayer exposure and the allocation of losses to shareholders and unsecured and uninsured creditors. Deposits at a bank are considered a loan, and if a bank fails, its depositors become unsecured creditors for amounts that exceed the insurable limit.
- It gets worse. To protect the integrity of the financial system, controls on both endogenous (the bank itself) and exogenous (other firms and cross-border cooperation) capital movement can be implemented. This is exactly what happened in Cyprus. To prevent capital flight out of the banking system, the movement of money out of or between banks was restricted, as well as capital sent outside the country.
[stextbox id="x22report"]This is just another attempt to play with words. So lets break it down, the collapse is coming, they need to get the guns from the Americans, they shipped guns to Mexico in a secret operation and now he is blaming the 2nd Amendment for the gun problems in Mexico [/stextbox]
- Barack Obama was in Mexico today and he claimed that most of the guns that are used in crimes in Mexico come from the United States. My first thought when I heard that statement, which can be heard here, is where have I heard this before because it sounds very familiar. It did not take me long to remember: The year was 2009 and it was Hillary Clinton who stated that America’s “insatiable demand for illegal drugs” and our “inability to prevent weapons from being illegally smuggled across the border” was partially responsible for the gun violence in Mexico.
- She claimed that 90% of the weapons recovered at the scenes of violent crimes in America could be traced back to American gun dealers. It did not take long for that number to be proven to be a lie, so the Obama regime began implementing a program to prove the lie. That program was known as Fast and Furious. The United States government forced gun dealers at the border to sell weapons to known Mexican drug lords in the hope that the weapons would be recovered at violent crime scenes.
- That plan went awry when, in addition to the hundreds of murdered Mexicans, Brian Terry and Jamie Zapata were murdered with weapons the Obama regime sold to Mexican criminals.
- That is the point when I realized that technically Barack Obama is right, there is some blame to be placed on America for the gun violence in Mexico. But Barack Obama was using this speech to push gun control on law abiding citizens in America instead of focusing the blame where it should be placed–on Hillary Clinton, Janet Napolitano, Eric Holder, and possibly on Barack Obama himself.
- After all, Eric Holder admitted that the 2000 plus guns sold to Mexican criminals under Fast and Furious would turn up at crime scenes for years to come, but now that he has been proven right Barack Obama has no interest in getting to the bottom of the Fast and Furious scandal because he is only interesting in usurping the second amendment rights of law abiding American citizens. It must be remembered at this point that when Darrell Issa’s investigation was closing in on Eric Holder, and held him in Contempt of the Congress, Barack Obama sealed the recordsusing Executive Privilege and for all intents and purposes shut the door on the truth.
- My second thought after hearing what Barack Obama said today in Mexico was this guy has some balls blaming America for his own policies but then I remembered the propaganda arm of the Obama regime, otherwise known as the mainstream media, provided Barack Obama with cover by refusing to report on this scandal so it is no wonder he felt emboldened to once again drag out a lie about who was providing Mexico with the weapons.
- What is the federal government going to do with all that ammo? Why do they need it? Why are they buying it? It’s unprecedented. Are we on the cusp of physical domination by the United States Federal Government? And, if so, how will the American people react?
- The talk show host also asked me, “If the people were to rebel, how could they ever possibly hope to prevail against a government so big, so huge, so powerful and so ruthless?”
- He had a good point.
- I mean, let’s face it: they have Predator drones, spy satellites, and sophisticated online surveillance and communication systems. How could the American people ever hope to prevail in a fighting war?
- Sure, we barely prevailed over the British in our original war for independence, but that was different. Great Britain was based thousands of miles away, and it took 30 days to cross the Atlantic. That was a huge benefit to the colonists. We no longer have that. The federal government is right here, right now, and firmly cemented into state and local law enforcement. The talk show host argued there was no hope of prevailing over a government so massive and powerful.
- Was he right?
- I brought up the Taliban and the Viet Cong as recent examples of how to defeat a large military in a techno-driven war. In the end, the Taliban will win, just as the Viet Cong did. In truth, only three percent of the colonists actively fought against the British in our war for independence. But three percent was enough.
- But the big question is this: Are there still three percent of the American population with the courage and resolve to fight against an out-of-control, tyrannical government? My short answer is: I think so.
- Of course, we all have our lines in the sand.
- 1. I will fight when they force gun registration.
- 2. I will fight when they come for my guns.
- 3. I will fight when they come for me.
- No matter where you fall on that list, it puts you in the precarious position of defying the all-powerful Obama of Oz. Who is the man behind the curtain, pulling the strings, calling the shots, planning out the final moves to dismantle our liberty?
- And you know what? I think that’s the answer to the billion-dollar question: “Why does the Department of Homeland Security need all those bullets?” I think it’s because they knowAmerican soldiers will never fire on the country they’ve sworn to protect and defend. In my opinion, the Department of Homeland Security is no longer a law enforcement agency; it’s a brand new army with nefarious purposes.
[stextbox id="x22report"]So it begins, the road to WWIII. [/stextbox]
- The Free Syrian Army (FSA) reported at the weekend that Israeli warplanes had bombed a chemical weapons base in Damascus. The Israeli government gave no response.
- FSA forces and the Syrian army were reportedly battling close to another chemical weapons base on the outskirts of Damascus on Monday, with the outcome of the battle still very much undetermined.
- Israel and the West have taken the Syrian regime to task for reportedly using chemical weapons against rebel populations in recent weeks. Equally concerning is the idea that Syria’s chemical weapons stockpile, one of the largest in the world, could fall into the hands of Syrian rebel groups or even Hezbollah.
- Many of the groups making up the Syrian rebel forces are either affiliated with or part of organizations like Al Qaeda and the Muslim Brotherhood. The kinds of groups Israel will do almost anything to prevent from possessing weapons of mass destruction.
- The other nightmare scenario is that the embattled Syrian regime will transfer its chemical weapons to its Lebanese ally, Hezbollah, which has proved itself more than willing to visit death upon Israeli civilian centers.
- The Israeli army has started running drills at hospitals in northern Israel to prepare the local population to deal with a possible chemical weapons attack in the future.
[stextbox id="x22report"]This is laughable, of course we are sending troops into Syria, Iran and any other country that is not using the petrodollar. Remember its always the opposite of what the central bankers or government officials say.[/stextbox]
- US President Barack Obama said on Friday he does not foresee a scenario in which he would send U.S. ground troops to Syria and outlined a deliberate approach to determining whether the Syrian government had used chemical weapons in a 2-year civil war.
- Obama insisted that the United States has not ruled out any options in dealing with Syria as the United States investigates whether the government of Syrian President Bashar Assad used chemical weapons.
- But Obama, who has spent much of his presidency winding down wars in Iraq and Afghanistan, made clear he was not inclined to send troops to Syria, saying “I do not foresee” such a scenario.
[stextbox id="x22report"]DHS new about the bombing in Boston, they were part of the drill, so these efforts for double checking will do nothing because they were the one who did the bombing with the FBI[/stextbox]
- A U.S. government official confirms to CNN that the Department of Homeland Security has issued a memo ordering Customs and Border Protection agents to verify “effective immediately” that every foreign student who wants to enter the U.S. has a valid student visa.
- Of all the problems the U.S. has with immigration, people coming in on student visas, and student visa violations are a very low priority.
- “This new directive puts them in a higher priority… so that the government double checks to make sure that their visa is still valid,” said CNN National Security analyst and former DHS official Juliette Kayyem.
5.04.13 – DHS: OpUSA to Cause Limited Disruptions
[stextbox id="x22report"]The brainwashing continues, letting everyone know that we have cyber attacks happening all the time. This one is scheduled for May 7. Will this one be much worse than they expect it to be? The cyber attack that has been named Op USA specifically plans to target The White House, the FBI and the National Security Agency,Apart from governmental organizations, the collective also plans to strike the websites of financial institutions like Bank of America and Citibank along with other 130 such establishments. [/stextbox]
- The Department of Homeland Security characterizes as a nuisance the threatened May 7 Operation USA attack against U.S. federal government and banking websites, contending some of the participants possess only rudimentary hacking skills.
- Still, if the attack is perceived as a success in the hacking community, more nefarious actors could try more vicious disruptions against U.S. sites, DHS says in an alert.
- The hacktivist group Anonymous, in a posting on the website Pastebin, says OpUSA will target nine U.S. federal government websites, including the White House and Defense Department, as well as 133 financial institutions on May 7 [see OpUSA Threatens Banks, Government].
- A government official says DHS is fully aware of this threat and is working with federal and private-sector partners to put in place mitigation strategies. Homeland Security, in the alert, says it expects the hacktivists to attempt distributed-denial-of-service attacks that could temporarily halt or slow down website traffic. The alert also notes the hacktivists could attempt homepage defacement and data leaks.
- According to the DHS alert, first reported by IT security blogger Brian Krebs and confirmed by a DHS official, the attacks likely would result in limited disruptions and mostly consist of nuisance-level attacks against public accessible webpages and possibly data exploitation.
- A Nuisance with a Caveat
- Former CIA Chief Information Security Officer Robert Bigman says that DDoS attacks are largely a nuisance, but adds a caveat: “If the DDoS attacks continue and veterans can’t file claims and travelers can’t get passports, then the public will motivate Congress to address the problem. Short of that, things will not change.”
- Another IT security expert, though, contends attacks such as those threatened by Anonymous could prove more damaging. “Some DDoS attacks are only a nuisance, but, as we’ve seen in the DDoS attacks on banks, these kinds of attacks are often just a smokescreen to distract from real damage elsewhere,” says Dwayne Melancon, chief technology officer at IT security provider Tripwire. “Writing off DDoS attacks as merely a nuisance is irresponsible, without data to substantiate that disposition.”
- Following today’s flashback to the most euphoric and irrationally exuberant days of market peaks (and bubbles) gone by, driven entirely by the now constant central-planner dilution of current and future wealth, these selected excerpts from Seth Klarman’s latest letter to investors is just the cold water of common sense everyone needs:
- From Seth Klarman of Baupost:
- Is it possible that the average citizen understands our country’s fiscal situation better than many of our politicians or prominent economists?
- Most people seem to viscerally recognize that the absence of an immediate crisis does not mean we will not eventually face one. They are wary of believing promises by those who failed to predict previous crises in housing and in highly leveraged financial institutions.
- They regard with skepticism those who don’t accept that we have a debt problem, or insist that inflation will remain under control. (Indeed, they know inflation is not well under control, for they know how far the purchasing power of a dollar has dropped when they go to the supermarket or service station.)
- They are pretty sure they are not getting reasonable value from the taxes they pay.
- When an economist tells them that growing the nation’s debt over the past 12 years from $6 trillion to $16 trillion is not a problem, and that doubling it again will still not be a problem, this simply does not compute. They know the trajectory we are on.
- When politicians claim that this tax increase or that spending cut will generate trillions over the next decade, they are properly skeptical over whether anyone can truly know what will happen next year, let alone a decade or more from now.
- They are wary of grand bargains that kick in years down the road, knowing that the failure to make hard decisions is how we got into today’s mess. They remember that one of the basic principles of economics is scarcity, which is a powerful force in their own lives.
- They know that a society’s wealth is not unlimited, and that if the economy is so fragile that the government cannot allow failure, then we are indeed close to collapse. For if you must rescue everything, then ultimately you will be able to rescue nothing.
- They also know that the only reason paper money, backed not by anything tangible but only a promise, has any value at all is because it is scarce. With all the printing, the credibility of our entire trust-based monetary system will be increasingly called into question.
- And when you tell the populace that we can all enjoy a free lunch of extremely low interest rates, massive Fed purchases of mounting treasury issuance, trillions of dollars of expansion in the Fed’s balance sheet, and huge deficits far into the future, they are highly skeptical not because they know precisely what will happen but because they are sure that no one else–even, or perhaps especially, the policymakers—does either.
[stextbox id="x22report"]The list is worthless and can not be used for anything. I have a list and all government officials are on it, and…[/stextbox]
- According to an article on NPR, several anti gun politicians and groups want people whose names appear on the “no fly” list and terrorism watch list to be banned from purchasing guns.
- This sounds good on the surface, right? Keep weapons out of the hands of terrorists?
- However, this becomes problematic when you realize that those lists are secret, no one knows how you get on them, there is no way to get off of them, and you can be added to them without even the slightest bit of evidence of any wrong doing.
- Democrats can’t understand why people would be against this measure. Really? You can’t understand why people are upset about secret government tribunals stripping them of their rights with no evidence, no notification and no appeal process?
- SC Senator Lindsay Graham opposes the measure.
- “I think anyone who’s on the terrorist watch list should not lose their Second Amendment right without the ability to challenge that determination,” says Graham, noting that the late Sen. Ted Kennedy showed up on the no-fly list in 2004 because a suspected terrorist was using the alias Edward Kennedy.
- Groups such as the anti gun, Mayors Against Illegal Guns supports the measure.
- “This is yet another example of zealots on the far right of the gun movement throwing away the baby with the bath water,” says Mark Glaze, the director of Mayors Against Illegal Guns, which supports tighter gun laws.
- Some of the “terrorism” suspects who have been added to these lists over the years, late Senator Ted Kennedy, several children under the age of 12, almost anyone bearing the same name as a known terrorist, and countless ordinary, law abiding citizens.
[stextbox id="x22report"]I guess she is more concerned about her political career as opposed to whats good for the people[/stextbox]
- Arizona Governor Jan Brewer vetoed a measure on Thursday that would have made gold and silver legal tender in the state, saying the legislation could have resulted in lost tax revenue.
- The Republican-controlled state legislature voted through the measure last month in a response to what backers said was a lack of confidence in the international monetary system.
- The bill called for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014, joining existing U.S. currency issued by the federal government.
- “While I believe the concern over a devalued dollar as a result of an unsustainable federal deficit is justified, I am unable to support this legislation,” Brewer, a Republican, said in an open letter to state Senate President Andy Biggs.
- Brewer noted that the “administrative and fiscal burdens” for taxpayers and the revenue department “remain vague.” She also cited uncertainty over whether the legislation would have required the state to exempt transactions involving collectable coins and bills that were authorized by Congress and could be used as legal tender.
- “This would result in lost revenue to the state, while giving businesses that buy and sell collectable coins or currency originally authorized by Congress an unfair tax advantage,” she said.
5.03.13 – Where The Jobs Were In April
- For those lucky enough to not be male and aged 25-54, and having been able to get a job in April, the following chart is redundant. For everyone else, curious which industries were adding jobs in April, here is the full breakdown. With the bulk of job additions in such “high paying” sectors as leisure and hospitality, temp help and retail, one can see why corporate revenues are going nowhere fast.
- Iraqi leaders fear that the country is sliding rapidly into a new civil war which “will be worse than Syria”.
- Baghdad residents are stocking up on rice, vegetables and other foodstuffs in case they are prevented from getting to the shops by fighting or curfews. “It is wrong to say we are getting close to a civil war,” said a senior Iraqi politician. “The civil war has already started.”
- This is borne out by the sharp rise in the number of people killed in political violence in Iraq in April, with the UN claiming more than 700 people were killed last month, the highest monthly total for five years.
- The situation has suddenly deteriorated since the killing of at least 36 Sunni Arab protesters at a sit-in in Hawijah on 23 April. An observer in Baghdad, who did not want to be named, said “ever since, Hawijah people are frightened of a return to the massacres of 2006”. She added that Sunni and Shia were avoiding going into each others’ areas. Signs of deteriorating security are everywhere. Al-Qa’ida showed its reach on Monday when five car bombs blew up in overwhelmingly Shia southern Iraq, leaving 21 dead. The Sunni fundamentalist group, which had a resurgence in 2012, is responsible for killing a majority of the almost 1,500 Iraqis who have died in political violence so far this year.
- Its members are now able to roam freely in Anbar province where a year ago they were a secretive underground movement. In neighbouring Kirkuk, al-Qa’ida last week seized the town of Sulaiman Bec, shot the chief of police, stormed the police station and departed with their weapons after agreeing a truce with the Iraqi army.
- Residents in Baghdad say that soldiers, whom they claim are Shia militiamen in uniform, have massed around Sunni enclaves in the city and are setting up checkpoints. Memories of the sectarian civil war in 2006 and 2007 when, in the worst months, some 3,000 people were butchered, may be exacerbating the sense of threat, but old fears are reawakening. Bombs have usually been directed against Shia in the past, but in recent weeks Sunni mosques and cafés are being targeted. “Before we could escape to Syria, but with the violence there where can we go?” asked one Iraqi. “There is no way out.”
- The government of Prime Minister Nouri al-Maliki is floundering in its response. In dealing with the four-month-old protest movement by the Sunni Arabs, a fifth of Iraq’s population, who say they are treated as second-class citizens, he varies between denouncing them as terrorists and admitting that they have real grievances. The government has closed the main road from Iraq to Jordan, which the Sunni say is a collective punishment for their community. Overall, Mr Maliki has badly miscalculated in believing that, if he played for time, the Sunni protests would die away and he could divide the Sunni leadership with promises of money and jobs.
5.03.13 – The New Job Numbers Explained
- There were huge revisions (positive) in last month’s report and the combination drove the market higher, as both were “much better than expected.” Is this justified?
- That’s an actual uptick — albeit right on schedule (spring hiring.) I can’t find a problem there, and on-schedule we also have an uptick in the employment rate as well:
- As for how screwed we are we are still bouncing around under population requirements, so while this report is “good”, it’s not strong.
- Now for the bad news.
- The average workweek for all employees on private nonfarm payrolls decreased by 0.2 hour in April to 34.4 hours. Within manufacturing, the workweek decreased by 0.1 hour to 40.7 hours, and overtime declined by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.7 hours. (See tables B-2 and B-7.)
- This is a problem. If we look at the “employed” figure of 143,724,000 people a drop of 0.2 hours is a full-time-equivalent decrease of 1/2%. Applied to the employed population this amounts to an imputed economic decrease of 718,620 jobs!
- That is, the loss of work-week hours of just 0.2 is the same economic impact as firing 700,000 people!
- There is a huge problem coming this year and into next in this regard as the trend of cutting hours back to get under Obamacare limits is picking up steam and will continue.
- Do not underestimate the economic impact of those hours-worked changes — you’d have to post up a +700k jobs figure to offset just this one month’s change in hourly workweek!
- You’ll be told this is a “good report” and it is, on the surface. But I bet not one of the talking heads on CNBC runs the math on what the workweek means in terms of economic impact.
- You heard it here first, and later this summer and into the fall when the jobs report continues to post up mid-100k numbers but consumer spending collapses into the toilet at a rate that is roughly identical to when we’re losing 600-700,000 jobs a month and people are scratching their heads trying to figure out why it’s happening as the stock market crashes, you will be one of the few who understands what has happened and why.
5.03.13 – The Truthseeker: Boston Bombing – What You Aren’t Told (E14)
- Markets are reacting strongly to the (+/-200k) payrolls report. The considerably better than expected number appears to be full risk-on (despite its potential for bringing the end of QE sooner). S&P 500 futures smashed through stops and stromed above 1600 for the first time ever. Treasury yields snapped 6bps higher. Gold plunged $25 and the USD surged. JPY appears the biggest mover for now with a 120 pip swing lower. Question is… will the knee-jerk hold through the open?
- Following the March NFP disappointment, it was only reasonable to expect a modest beat in this month’s data which came at +165,000, on expectations of +140,000, and following a revision to the March number from 88K to 138K. The unemployment rate declined from 7.6% to 7.5% beating, expectations of an unchanged print. The flipside, as always, is that the labor participation rate remained flat, at 63.3%, once again the lowest since 1979.
- The unemployment rate, at 7.5 percent, changed little in April but has declined by 0.4 percentage point since January. The number of unemployed persons, at 11.7 million, was also little changed over the month; however, unemployment has decreased by 673,000 since January.
5.03.13 – WW3 Countdown | China Moves Against The Dollar
[stextbox id="x22report"]It’s amazing how the government can make laws to fit their illegal actions. They completely ignore the constitution and do whatever they want to do and call it legal[/stextbox]
- The United States Foreign Intelligence Surveillance Court quietly rubber stamped nearly 2,000 government requests to search or electronically monitor people in the United States last year, according to a Justice Department report published this week.
- The agency, which oversees requests for surveillance warrants against suspected foreign intelligence agents on US soil, released the report to Senate majority leader Harry Reid (D-Nevada), showing that by approving the 1,856 inquiries “for foreign intelligence purposes,” it had granted every single government request in 2012. The FISC’s approval rating actually jumped by five per cent from 2011 – when it also approved every application.
- The FISC was instituted as part of the US Foreign Intelligence Surveillance Act (FISA) in 1978, expanded under the George W. Bush administration, and then reauthorized by Congress for another five years in December of 2012.
- The act, commonly referred to act the “warrantless wiretapping” law, authorizes the government to monitor US citizens’ phone calls and emails without first proving probable cause as long as they’re believed to be corresponding with an individual overseas.
- “The 1,856 applications include applications made solely for electronic surveillance, applications made solely for physical search, and combined applications requesting authority for electronic surveillance and physical search,” the report read. “Of these, 1,789 applications included requests for authority to conduct electronic surveillance.”
[stextbox id="x22report"]Just setting up the next event, continually letting us know that attacks were planned for NY, another on July 4th. Doesn’t matter if it fact or not, the mainstream media just wants people to be aware of attack dates.Brainwashing the people[/stextbox]
- The suspects in the Boston Marathon bombing had originally planned to strike on July 4, but chose the race because it coincided with the time they had finished assembling the explosives, a law enforcement official said Thursday.
- According to hospital interviews with surviving suspect Dzhokhar Tsarnaev shortly after he was captured, the suspects apparently finished constructing the explosives well before they had originally planned and chose to act sooner rather than wait, said the official who is not authorized to comment publicly.
- It was not immediately clear, however, whether the suspects had identified a specific July 4 target that corresponded with a later completion time, the official said. But the suspects allegedly settled on the marathon after noticing preparations for the race shortly before the event.
[stextbox id="x22report"]Continue to push how hackers can access any part of the country and cause harm, be prepared cyber attack event coming soon.[/stextbox]
- In the wrong hands, … could be a cyber-attack roadmap for a hostile state or terrorist
- The U.S. Army Corps of Engineers’ National Inventory of Dams contains information about 79,000 dams throughout the country and tracks such information as the number of estimated deaths that could occur if a specific dam failed. It’s accessible to government employees who have accounts. Non-government users can query the database but cannot download data from it.
- The breach occurred in January, according to the Free Beacon, a nonprofit online publication, which first published the news.
- Pete Pierce, a spokesman for the Army Corps of Engineers, did not return a call from Wired but confirmed to the Free Beacon that the breach occurred.
- “The U.S. Army Corps of Engineers is aware that access to the National Inventory of Dams (NID), to include sensitive fields of information not generally available to the public, was given to an unauthorized individual in January 2013 who was subsequently determined to not to have proper level of access for the information,” Pierce said in a statement to the publication. “[U.S. Army Corps of Engineers] immediately revoked this user’s access to the database upon learning that the individual was not, in fact, authorized full access to the NID.”
- Vice President Joe Biden is planning a new gun control offensive – one he told a group of law enforcement officials he hasn’t informed President Barack Obama about yet.
- Biden, who will appear Friday night at a South Carolina Democratic dinner, told the officials during a meeting Thursday that he is planning trips around the country to stump for the expanded background checks and gun trafficking laws that failed to pass the Senate last month.
- The vice president also rattled off poll numbers for senators the White House and its gun control allies think they can win over, and said he’ll lead the effort to tweak legislation to give recalcitrant senators the cover to vote for expanded background checks.
[stextbox id="x22report"]Each country one by one needs to get rid of the people’s rights. This is a sign the collapse is upon us.[/stextbox]
- If there was ever a clear sign that the leadership of Japan is fully aware that the country is about enter a terminal economic catastrophe this is it. Using the cover of currency devaluation and a rising stock market, Japan’s Prime Minister, Shinzo Abe, is attempting to make it easier to change the country’s constitution so that they can eliminate freedom of speech and set the stage for a military dictatorship. Reuters reports that:
- The draft deletes a guarantee of basic human rights and prescribes duties, such as submission to an undefined “public interest and public order.” The military would be empowered to maintain that “public order.”
- This article will blow your mind. Some key excerpts:
- (Reuters) – Shinzo Abe makes no secret of wanting to revise Japan’s constitution, which was drafted by the United States after World War Two, to formalize the country’s right to have a military – but critics say his plans go deeper and could return Japan to its socially conservative, authoritarian past.
- Abe, 58, returned to office in December for a second term as prime minister and is enjoying sky-high support on the back of his “Abenomics” recipe for reviving the economy through hyper-easy monetary policy, big spending and structural reform.
- However, sweeping changes proposed by Abe’s Liberal Democratic Party (LDP) in a draft constitution would strike at the heart of the charter with an assault on basic civil rights that could muzzle the media, undermine gender equality and generally open the door to an authoritarian state, activists and scholars say.
- Abe’s grandfather Nobusuke Kishi was a pre-World War Two cabinet minister who was arrested but never tried as a war criminal. Kishi served as premier from 1957-60, when he resigned due to a furor over a U.S.-Japan Security Treaty.
- The Supreme Court may have ruled ObamaCare is constitutional, but implementing the controversial federal law would become a crime in South Carolina if a bill passed by the state House becomes law.
- The bill, approved Wednesday by a vote of 65-39, declares President Obama’s signature legislation “null and void.” Whereas the law that Obama pushed and Congress passed is known as the Patient Protection and Affordable Care Act, South Carolina’s law would be known as the Freedom of Health Care Protection Act.
- It would prohibit state officials and employees from “enforcing or attempting to enforce such unconstitutional laws” and “establish criminal penalties and civil liability” for those who engage in activities that aid the implementation of ObamaCare.
- The Supreme Court ruled last year that ObamaCare’s underlying provision, requiring all Americans to obtain health insurance, is constitutional, though lawsuits still are pending that argue against certain parts of that mandate — in particular, contraceptive coverage, which some Christian employers argue violates their religious beliefs.
- In South Carolina, the nullification bill would allow the state attorney general to take action against anyone causing harm by the implementation of ObamaCare. It proceeds to the state Senate for committee review, according to The Washington Times.
- Gov. Nikki Haley has rejected the expansion of Medicaid insurance rolls under a joint federal-state program for low-income Americans, which is an anchor of the law Obama signed in 2010.
- “Not in South Carolina,” Haley declared at the Conservative Political Action Conference in March. “We will not expand Medicaid on President Obama’s watch. We will not expand Medicaid ever.”
[stextbox id="x22report"]You know the collapse is getting closer when states and federal government officials are fighting over the people’s rights. [/stextbox]
- On Thursday, Kansas Governor Sam Brownback received a letter from Federal Attorney General Eric Holder threatening action against the state should it enforce SB102 which Brownback signed into law last month.
- The new law states, in part:
- Any act, law, treaty, order, rule or regulation of the government of the United States which violates the second amendment to the constitution of the United States is null, void and unenforceable in the state of Kansas
- The bill also provides for criminal penalties against federal agents who attempt to enforce specific federal laws on guns manufactured in the state of Kansas and sold within the state – as the state takes the position under the new law that the federal government does not “interstate commerce” authority over such items.
- In his letter, Holder didn’t take too kindly to such a proposition. He wrote:
- “In purporting to override federal law and to criminalize the official acts of federal officers, SB102 directly conflicts with federal law and is therefore unconstitutional.”
- He continued, “Under the Supremacy Clause…Kansas may not prevent federal employees and officials from carrying out their official responsibilities. And a state certainly may not criminalize the exercise of federal responsibilities. Because SB102 conflicts with federal firearms laws and regulations, federal law supercedes this new statute; all provisions of federal laws and their implementing regulations therefore continue to apply.”
- Let’s take Eric apart here.
- 1. Kansas is NOT purporting to criminalize the exercise of constitutional federal responsibilities. On the contrary, the bill criminalizes what the state has determined is unconstitutional. It is the position that such federal acts are indeed a violation of the Constitution. No matter how much Eric might believe it to be otherwise, his view is obviously not universal – especially in Kansas.
- 2. The Supremacy Clause. Holder takes the position that all tyrants do – that everything they do is authorized, anything to the contrary – worthless. But Holder is wrong. The Supremacy Clause doesn’t say that “any law in conflict with federal law” is void. It says that only those laws “in pursuance” of the constitution are supreme. The new Kansas legislation, again, takes the position that such federal acts are not constitutional, and therefore not supreme.
- 3. Historical Precedent. The 1850 Fugitive Slave Act was a federal law that basically required all states in the north to act as slave catchers for black people claimed as property in the South. It’s one of the most disgusting acts in American history. A number of northern states passed laws similar to the new Kansas law, criminalizing federal agents for attempting to kidnap people in their states. Although the feds still claimed the same kind of authority that Eric Holder has claimed today, they didn’t have the manpower to enforce. Read more about that here. As an aside, if Holder would like to take the position that such resistance to federal slave laws was wrong, he’s welcome to publicly state that.
- Eric capped off his letter by assuring the People of Kansas that the federal government will continue to enforce all federal gun laws. He wrote:
- “I am writing to inform you that federal law enforcement agencies, including the Bureau of Alcohol, Tobacco, Firearms and Explosives, the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Attorney’s Office…will continue to execute their duties to enforce all federal firearms laws and regulations.”
- 4. Manpower. That brings us to the most important fact, the federal government simply does not have the manpower to enforce all its laws already. The new Kansas law doesn’t just deal with firearms made within the state. It also bans all state and local agents from enforcing federal gun control measures. (learn about the bill in detail here). As Judge Andrew Napolitano has affirmed recently, such widespread noncompliance makes federal gun control laws “nearly impossible to enforce” (video here). So Eric can promise to enforce these federal acts all he wants. But if Kansas doesn’t help him, he might be able to get a 2% enforcement rate. Or, he’ll have to pull resources from other states.
- These are clear warnings signs that a rational person simply cannot ignore.
- Bottom line, Nations are going bust. And the worse things get, the more desperate their tactics become. This isn’t the first time that the world has been in this position. This time is not different. History shows that there are serious, serious consequences to running unsustainably high debts and deficits. And those consequences have almost invariably involved pillaging people’s wealth, savings, livelihoods and liberties… either directly or indirectly.
- What’s happening right now is playing out in textbook fashion. More taxes, more debt, more printing, more confiscation, less freedom. I’m not talking about the end of the world here, I’m talking about difficult times ahead, and the things that go beyond economics. It’s time to face facts and look at how society will change (and has already changed).
- Many people will resist the change and instead cling desperately to the old system – the cycle of debt and consumption that provided jobs, stability, and prosperity. These people will have their lives turned upside down because that system is gone forever. And in case it still weren’t obvious, here is three minutes of clarity from Ron Paul and Jim Rogers…”I would expect that there is going to be a lot more chaos still to come.” – Ron Paul; “They won’t take our bank accounts…they will take our retirement accounts.” – Jim Rogers
[stextbox id="x22report"]This is how I read this article, For those of you who have 100,000 spread out over 4 accounts move them into 1 account. This will make it easier for us to take your unsecured money. When we Cyprus you, you can make easier for us if you combine your account and you are not covered by insurance.[/stextbox]
- If you really want to curb your spending, dump those extra checking and savings accounts and consolidate them all into one.
- The traditional thinking is that having more than one liquid savings and checking account can help with saving, letting people segregate money and take advantage of different types of financial tools. But in fact, according to Promothesh Chatterjee, an assistant marketing professor at the University of Kansas, “if you have a single account, you spend less.”
- According to a study Chatterjee undertook along with three professors from the University of Utah, the less complex our finances are, the more we save. Turns out, it’s tougher to justify our spending when it’s coming out of one account. Chatterjee’s research used four separate studies in which participants were given the opportunity to earn money and then spend it on different products. Two behavioral theories — “motivated reasoning” and “fuzzy-trace theory” — explain the results, he says.
- The first, motivated reasoning, is behind a simple truth: People find spending a heck of a lot more fun than saving, and they’ll search for reasons to justify it.
5.02.13 – Economic Misery: The New Normal
- The weakest recovery in the nation’s history continues. On Wednesday, payroll processing firm ADP reported that private sector businesses created a disappointing 119,000 jobs in the month of April. Once again, to use a word that should embarrass those who support the Obama administration’s Keynesian economic policies, this meager total was “unexpected.”
- Economic “experts” surveyed by Reuters had predicted at least 150,000 new jobs. “Nearly every industry has seen slower growth since the beginning of the year,” said Moody’s economist Mark Zandi. “Smaller businesses are experiencing much weaker growth.”
- Most of the jobs were created in the service industries, which added 113,000 positions, while goods production accounted for the other 6,000. Both figures represented 7-month lows in growth. Adding to the misery, ADP’s March total of 158,000 jobs gained was revised downward to 131,000, and the latest data show the manufacturing sector, which lost 10,000 jobs, has plateaued, or may be slowing down again.
- The level of economic weakness is daunting. According to Bespoke Investment Group, the seven year stretch of Gross Domestic Product (GDP) growth below three precent, occurring from 2006 to the present, represents the longest one since 1929, the year which marked the beginning of the Great Depression.
[stextbox id="x22report"]I completely agree, every American has the right to own a gun and every American needs to go out and purchase one. All gun control laws are null and void according to the 2nd Amendment.[/stextbox]
- The saying ‘lock and load’ is now probably being uttered more frequently in the East Texas town of Gun Barrel City. The town has passed a resolution that encourages residents to own a firearm.
- Late last month the town city council has approved a measure that urges residents to have at least one weapon in their home.
- City Manager Gerry Boren explained that when it comes to enforcing the resolution there are exceptions. Individuals with mental disabilities don’t have to own a weapon and Boren said, “If you have in your moral values or you just didn’t believe that you should own a weapon — you don’t have to.”
- The resolution that refers to the second amendment says in part, “the city supports every head of household residing in the city limits to maintain a firearm, together with ammunition.”
- “We believe that gun control is something that should be given to the voters, not law,” Boren said. “It’s the individual that makes the mistake no the weapon.”
[stextbox id="x22report"]Basically they are saying the electric grid is defenseless right now against worms. They did a test and the worm took out the electric grid in less than a minute. We are not prepared for any type of cyber attack at this point.[/stextbox]
- Sophisticated worms – automated software that spreads between computer devices – can infect an entire electric grid in a matter of seconds, but there may be effective defenses against them, according to Rob Johnson, assistant professor of computer science at Stony Brook University.
- The critical role various computing devices have assumed in the daily functioning of the power grid has dramatically altered the security needs of utilities. While safeguards are already in place to protect against physical threats, like natural disasters, utilities may lack the tools to protect their networks from cyber attacks, such as worms.
- Worms have the potential to disrupt, or even disable, the electrical grid. “Worms are a real problem,” said Johnson at the Advanced Energy Conference in New York on Wednesday. “The best written worms can spread through an entire network in a matter of seconds.”
- Stony Brook researchers ran a simulation to assess at the impact of a worm using three variations on automated response systems: centralized, peer-to-peer, and bipartite defensive networks. They found that absent the bipartite defensive network, a hit list worm infected 99% of a network in under a minute. Using the defense network, “we managed to protect the vast majority of the network”, Johnson said.
5.02.13 – Jaws, Nuclear Weapons, and Cyber War
[stextbox id="x22report"]They continually let us know how bad a cyber attack will be. Everyone needs to get prepared for the next event and the next event could be a cyber attack.[/stextbox]
- While I do not want to accuse General Fang Fenghui of a plot to manipulate public perception and trigger a cyber hysteria, his remarks are symptomatic of the global uncertainty surrounding the results of a ‘major cyber attack.’ The simple truth is we do not know the likely consequences of such an attack as there has not been a full-scale cyber war to trigger major strategic cyber attacks. Even if total cyber war should break out, cyber weapons, while destructive, “appear to have nowhere near the ability to inflict catastrophic destruction along the lines of a major nuclear attack,” as Andrew F. Krepenevich stated in a report on cyber warfare.
- For example, U.S. power grid systems (SCADA systems) are highly centralized, divided into three separate power grids — the Eastern Interconnection, the Western Interconnection, and the Electric Reliability Council of Texas Interconnection. Ninety percent of the Defense Department’s critical infrastructure is dependent upon power from these networks. Military exercises have indicated that even a single cyber strike could disable any of the three grids not to mention the myriad consequences for civilian life. One expert spelled out the potential fallout in congressional testimony in April 2012:
- When transformers fail, so too will water distribution, transportation, communications, and many emergency and government services. Given the 12-month lead time typically required to replace a damaged transformer with a new one, the local and regional economic and societal disruption caused by cyber attacks that that disable or destroy the mechanical functioning of key components of the power grid would be devastating.
- The possible consequences of such an event combined with cyber attacks on the financial and transportation sector have been mapped out in various scenarios demonstrating the crippling ripple effect of such an assault. But even the most extreme predictions do not approach the human catastrophe of a nuclear detonation in Manhattan and the instant incineration of a million or more people. Comparatively, a major cyber attack might be dramatized as the menacing threat of a Giant Squid, which would require all of the cinematic artifice of the mature Spielberg to effectively magnify the danger in a screen spectacle dubbed Tentacles.
[stextbox id="x22report"]We are seeing the police act like this all around the world, we have seen this Portugal, Turkey, Spain, Argentina, Greece and in the US.[/stextbox]
- Violent clashes characterized the final hours of May Day protests in Seattle, as police officers fired pepper spray and launched ‘flash bang’ grenades into crowds, leading to two local reporters being pepper-sprayed and 17 arrest
- A serene daytime immigration reform protest took place on Wednesday daytime, during which hordes of people, ranging between ‘hundreds’ and ‘thousands’ took to the streets. Demonstrators waved banners stating “we are America,” and “there are no illegal humans,” according to local newspaper the Seattle Times.
- The evening later saw a rise in anti-capitalism Labor Day protests, involving reported numbers ranging from ‘dozens’ to ‘hundreds.’ They were accompanied by police as the later demonstrators lacked a permit to march. As night fell, rocks and bottles were thrown by anarchic individuals wearing bandanas, lobbing rocks and bottles at officers, overturning bins, and leaving the streets scattered with debris.
- The protests were indiscriminately suppressed by police.
[stextbox id="x22report"]We are repeating history, look around, NY tell on your neighbor and stop and frisk, our rights are being attacked from every side. This is one of the last things the government needs to do before the collapse. They need to do the following, get guns, remove all freedoms and rights and tell the people the government will protect them if you do what we say. [/stextbox]
- A new $1 million dollar program led by Palm Beach County Sheriff Ric Bradshaw aimed at “violence prevention” is encouraging Floridians to report their neighbors for making hateful comments about the government, a chilling reminder of how dissent is being characterized as an extremist threat.
- “Bradshaw plans to use the extra $1 million to launch “prevention intervention” units featuring specially trained deputies, mental health professionals and caseworkers. The teams will respond to citizen phone calls to a 24-hour hotline with a knock on the door and a referral to services, if needed,” reports the Palm Beach Post.
- Bradshaw makes it clear that the kind of behavior which could prompt a visit from the authorities includes anti-government political statements that may be deemed a prelude to violent action.
- “We want people to call us if the guy down the street says he hates the government, hates the mayor and he’s gonna shoot him,” Bradshaw said. “What does it hurt to have somebody knock on a door and ask, ‘Hey, is everything OK?’”
- The program will also include “public service announcements to encourage local citizens to report their neighbors,” reports the newspaper.
- The program has sparked concerns that the hotline could violate civil liberties or even be exploited to pursue personal vendettas, with Bradshaw acknowledging that, “anyone in a messy divorce or in a dispute with a neighbor could abuse the hotline,” and that it will prompt “frivolous complaints.”
- That caveat is all the more chilling given the research of Florida State University’s Robert Gellately into how Germans under Hitler denounced their neighbors and friends not because they genuinely believed them to be a security threat, but because they expected to selfishly benefit from doing so, both financially, socially and psychologically via a pavlovian need to be rewarded by their masters for their obedience.
[stextbox id="x22report"]Let’s put this into perspective, FDIC/Bank England document describing the bail-in formula, 3 months later Cyprus froze accounts and stole the peoples money. ECB possibility of negative rates. Why would you keep your money in the bank, they are telling you they are coming and coming very soon for your money.[/stextbox]
- The Euro Is Suddenly Diving After Mario Draghi Discusses Possibility Of Negative Rates
- And there goes the euro.
- After spiking earlier on the rate cut, the euro is diving.
[stextbox id="x22report"]This shows us two things, the government is desperate to find more tax revenue because they are not bringing in enough money because of high unemployment and they are violating our rights which includes privacy.[/stextbox]
- U.S. News and World Report notes today:
- [The IRS] will use in robo-audits and data mining [and] it has told government and industry groups that its computers are capable of scanning multiple networks at the same time to collect “matching” comprehensive profiles for every taxpayer in America. Such profiles will likely include shopping records, travel, social interactions and information not available to the public, such as health records and files from other government investigators, according to IRS documents.
[stextbox id="x22report"]Did you notice they mention homegrown terrorists and cyber attacks in the same article. Brainwashing the masses into believing that anyone that opposes the government is a homegrown terrorists.[/stextbox]
- Nik Nanos digs beneath the numbers with CBC Power & Politics host Evan Solomon to get to the political, economic and social forces that shape our lives.
- This week: New poll reveals that Canadians are most worried about cyberattacks and home grown terrorism
- An exclusive new poll done for Power and Politics by Nanos Research reveals the majority of Canadians believe Canada is a medium or high priority for terrorist attacks. With the biggest threats being from cyberattacks and homegrown terrorists.
- Thirty per cent say Canada is a low priority for terrorist attacks, 57.1 per cent said it is a medium priority and 8.1 per cent said it is a high priority.
- The poll is a Nanos National RDD Crowdsource survey randomly recruited by telephone and delivered online to 1,002 Canadians. The results are accurate to within 3.1 percentage point, 19 times out of 20. It was conducted between April 27-30, 2013.
- When Canadians were asked what they believe is the greatest threat to national security, the results were surprising and reveal a shift in opinion.
- Thirty eight percent of Canadians said cyberattacks against the government are the greatest threat, 38.8 per cent said homegrown terrorists and only 10.2 per cent said foreign terrorists.
- China has just made several moves against the U.S. dollar, and currency wars with the U.S. have a way of turning into real wars.
- Four Big Nations Have Signed A Currency Deal With China IN LESS THEN 2 MONTHS!! Yuan Reaches Record High Against The US Dollar!!
- 7 Of 10 Asian Countries Move From Dollars To Yuan!! China Persists In Refusing To Buy US Paper, And Fed May Buy $85 Billion in Bonds Per Month. We Are On The Verge Of A Major Currency War!!
- China Is Actively Working To End The Petro-Dollar
- Petrodollar Collapse – Economic disaster on the horizon
[stextbox id="x22report"]So why would you keep your money in the bank, no interest, they will take your money in the end. [/stextbox]
- Whoever said the New Normal would be boring, apparently never lived in a world in which one central bank crushing its key rate to a record low, would lead to the appreciation of its currency, and send the main competing currency, the USD, lower. And since we live in just such a world, we expect that when the ECB has to cut its deposit rate to negative next, people will line up around the block to pay the bank money so it can hold their deposits for them. In the meantime, the EURUSD squeeze continues, and the irony is that the move which is supposed to help Europe’s export economies and push the currency lower is already resulting in further deterioration in Germany’s growth dynamo industries.
Not only is this unconstitutional but remember what Thomas Jefferson said, you know the founding father:
“I predict future happiness for Americans if they can prevent the government from wasting the labors of the people under the pretense of taking care of them.”
- New York City Mayor Michael Bloomberg said Thursday that lawmakers who are “going with the NRA” are “going against the lives of our children.”
- “And we have an obligation to tell each other and to try to convince people that if they’re going with the NRA they’re going against the lives of our children and of you and me,” Bloomberg said during a press conference last week to announce a city-wide recycling program.
- Bloomberg was asked about whether his group Mayors Against Illegal Guns will target Arkansas Sen. Mark Pryor, a Democrat, who opposed gun control legislation in the Senate.
- “What I have said is that we are going to support those people who want to stop the killing 12,000 of our citizens every year or the 19,000 that commit suicide with handguns every year,” Bloomberg said. “And I think you and I both have an obligation to do that.
- “And the ways you do that is to make sure that the elected officials understand that you’re gonna vote for somebody else,” he said.
- Mayors Against Illegal Guns, of which Bloomberg is a co-chair, has vowed to target members of Congress who would not support stricter gun control in the wake of the school shooting at Sandy Hook Elementary School.
- “And we’re going to do everything we can to make sure that somebody else gets elected who wants to see that we stop this carnage,” Bloomberg said.
- According to the National Journal, the group is “seriously considering” a vast television, radio and direct-mail campaign against Pryor, who opposed universal background checks for firearms, including those online and at gun shows.
And so it begins, this will be put into law by those other states with dense population, near collapse and the need to disarm and control the population. This is in complete violation of the 2nd Amendment and this law is null and void according to the 2nd Amendment and the Supreme court ruling
Thus, the particular phraseology of the Constitution of the United States confirms and strengthens the principle, supposed to be essential to all written Constitutions, that a law repugnant to the Constitution is void, and that courts, as well as other departments, are bound by that instrument.
- Gov. Jerry Brown on Wednesday signed legislation aimed at taking handguns and assault rifles away from 20,000 Californians who acquired them legally but have since been disqualified from ownership because of a criminal conviction or serious mental illness.
- The measure, the first of several gun-related bills to reach the governor, allocates $24 million in surplus funds to hire dozens of additional special agents to tackle a backlog of 40,000 weapons in the hands of people not allowed to possess firearms.
- “This bipartisan bill makes our communities safer by giving law enforcement the resources they need to get guns out of the hands of potentially dangerous individuals,” said Evan Westrup, a spokesman for the governor.
- The state operates a database that cross-references a list of gun owners with those disqualified later from owning guns. But, budget cuts have prevented the state Department of Justice from keeping up with the growing number of people on the list.
- State Sen. Mark Leno (D-San Francisco) introduced SB 140, which takes the money from fees paid when people buy guns and allocates it to a three-year campaign to take guns from those ineligible to have them.
- “We know for the safety of our communities that these people should not possess guns, and our reinvestment in this tracking program gives us the opportunity to confiscate them,” Leno said in a statement.
- The measure was opposed by Sam Paredes, executive director of Gun Owners of California, who said it should be paid for by the state general fund.
- “Going after criminals is a good thing, but the way they are paying for it is grossly unfair,” Paredes said. “They are putting the entire burden on the back of law-abiding gun purchasers.”
- The measure, supported by state Atty. Gen. Kamala Harris, is one of more than a dozen gun-control bills introduced in the California Legislature following the massacre of 20 children and six adults at Sandy Hook Elementary School in Connecticut.
- “California is leading the nation in a common-sense effort to protect public safety by taking guns away from dangerous, violent individuals who are prohibited by law from owning them,” Harris said.
[stextbox id="x22report"]I have said this before the DHS was created with one purpose and one purpose only, to control, spy on certain groups and scare the American into submission[/stextbox]
A training-style video available on a media page of the FEMA HSEEP (Homeland Security Exercise and Evaluation Program) website, and linked to the Department Of Homeland Security, features a fake news report depicting “gunowners” and “militias” as terrorists planning bombing attacks on public centers.
While confirming that the video’s source was indeed a FEMA/DHS webpage (it was), I discovered another similar video which pushes the boundaries even further; depicting a raid on a militia headquarters which turns up “evidence” of a chemical weapons factory, as well as schematics of various civilian targets. Both videos can be viewed below:
can’t see any actual “training” utility to these videos, except that they condition DHS agents (and perhaps other law enforcement officials) to immediately associate the “militia” and the gun rights community at large with vicious terrorism. Take special note that “gun possession” is mentioned in both videos as if it is a crime, while showing weapons and items that are perfectly legal to own today, including semi-automatic rifles, sniper scopes, night vision, flack jackets, and armor piercing rounds (rounds manufactured before the ATF cut-off date are still legal for anyone to own). All of these items are descibed in the video as seized “contraband”. Also take note of the absurd scene in which confiscated shooting dummies of various skin tones are displayed while an officer states “ethnicity was open, they hated just about everybody… “.
- Thousands of homeowners are facing a huge increase in their mortgage repayments after the Bank of Ireland doubled rates overnight.
- Borrowers are being urged to complain to the bank and the Financial Ombudsman after the move which comes despite the Bank of England base rate remaining at a historic low of 0.5%.
- Consumer group Which? says the change, which will affect some 13,500 UK customers, is ‘wholly unfair’.
- But consumer group Which? believes they are being treated unfairly, pointing out that some were sold a ‘lifetime tracker’.
- It says customers should complain to the bank and if they are not happy with the response take the matter to the Financial Ombudsman.
- Which? accuses BOI of justifying the changes on the basis of ‘clauses buried in the small print of mortgages’ which were taken out before October 2004.
- Which? executive director Richard Lloyd said this was ‘wholly unfair’ and said BOI was ‘taking advantage of its customers by hiking rates at a time when the base rate is static’.
- He added: ‘Customers should complain if they were led to believe they had bought a ‘lifetime’ mortgage and Bank of Ireland must deal with these complaints quickly and fairly.’
- Mr Lloyd urged the Financial Conduct Authority to ensure that all banks communicated important clauses to their mortgage customers and called for better protection for homeowners in consumer legislation.
So this is what Bernanke said before the 2008 crash, basically BS everything is going to collapse but I will tell you everything is ok with jibber jabber. Nothing has changed.
March 28, 2007 “At this juncture, however, the impact on the broader economy and financial markets of the problems in the subprime market seems likely to be contained. In particular, mortgages to prime borrowers and fixed-rate mortgages to all classes of borrowers continue to perform well, with low rates of delinquency.”
Jan. 18, 2008 “[The U.S. economy] has a strong labor force, excellent productivity and technology, and a deep and liquid financial market that is in the process of repairing itself.”
June 9, 2008 “The risk that the economy has entered a substantial downturn appears to have diminished over the past month or so.”
- With the equity market dropping rather notedly into the release of the FOMC decision, chatter was that the ‘early release’ button had been hit, but…
- *FED SAYS LABOR MARKET HAS SHOWN SOME IMPROVEMENT
- *FED SEES `DOWNSIDE RISKS’ TO ECONOMIC OUTLOOK
- *FED SAYS IT’S `PREPARED TO INCREASE OR REDUCE’ PURCHASES
- Which suggests some management of expectations… but more of the same and no big surprise. The only real difference from the March statement, as shown below, is the following sentence added in the fourth paragraph:
- The Committee is prepared to increase or reduce the pace of its purchases to maintain appropriate policy accommodation as the outlook for the labor market or inflation changes.
[stextbox id="x22report"]Looks like a head and shoulders pattern forming, when it reaches the top I wonder what happens, hmmm, it should be different this time, not!!![/stextbox]
- The next major wave of the economic collapse is rapidly approaching and time is running out!!!
- Margin debt hitting levels only seen ONE other time in history!
- Some times in history, investors feel so confident about the future of stocks, they actually use up all their available cash and then borrow money to invest in the stock market. Now is one of those times!!!
- The chart below was created by Doug Short, see his outstanding work here.
5.01.13 – Liberal Chick Gets College Students to Sign Pressure Cooker Ban!
[stextbox id="x22report"]This is great, people really don’t pay attention[/stextbox]
5.01.13 – Connecticut Begins Gold Dealer Shutdown
[stextbox id="x22report"]The government is looking for real hard assets. They have been trying to convince everyone that Gold and Silver are not money, it is an old fashioned relic. Then why all the laws, why the tax on it, why track who owns it, why are countries, central banks and banks hording it. [/stextbox]
- If you don’t own gold yet, you might really want to hurry up and get some. We keep saying it, but this time it’s not just because physical precious metals are getting incredibly scarce. Purchasing gold may become outright illegal if what’s going on in Connecticut is any indication.
- Even if Connecticut’s plan to track all gold sales isn’t a harbinger for a modern day Roosevelt-like ban on gold ownership, it will at the very least drive gold bullion dealers out of business with the cost of complying with the new regulation. That will create artificial scarcity in Connecticut and could set a precedent for other US States.
- From the Connecticut General Assembly website:
- AN ACT CONCERNING PRECIOUS METALS OR STONES DEALERS.
- To require precious metals or stones dealers to provide a periodic statement of transactions in an electronic format to the local licensing authority and retain any goods purchased for at least ten days, and to make the requirements applicable to precious metals or stones dealers similar to those applicable to secondhand dealers.
- Introduced by: Public Safety and Security Committee
- As economist Gary North pointed out concering this bill: “You may recall that the terror of the French Revolution was run by the Committee on Public Safety.” In the section on “Bullions and Coins”, the bill says:
- For bullion and coin sales, in addition to the requirements under current law, the bill requires dealers to keep the record in English, be consecutively numbered, and include the seller’s general description.
- Did you catch that last part about including the seller’s general description?
- There will come a time when you will simply not be able to get precious metals because of a lack of supply (and no one will sell at any dollar price) … or because purchase and ownership of the metals will be flat out illegal. This isn’t hyperbole. This is a prediction based on history and current trends.
- We have all watched as mere penstrokes have increased the state’s power to monitor, spy upon and kill. Less than eighty years ago, a US president completely and abruptly outlawed the ownership of gold in a time of declared crisis. Does anyone reading this really think that something like that couldn’t hapen again as the monetary system is its death throes and the US empire is inevitably resulting in the US police state?
- The state will start to take strong action against gold and decentralized currencies. This is to be expected during The End Of The Monetary System As We Know It. Make sure to act before it’s too late. Get your gold and then secure it somewhere the US government won’t be able to steal it.
5.01.13 – Just Two ‘Recession’ Indicators
[stextbox id="x22report"]Looks like everything is fine, unemployment is only at 7.6%, they changed the calculation of GDP, Unemployment and Inflation so everything, hmmmm, wait, we forgot about personal income and retail. damn it!!![/stextbox]
- Monday’s income and spending (and implicitly ‘saving’) data provided plenty of fodder at the headline level for any and every opinion. We explained in great detail just how weak the data really was (here and here). But the following two charts suggest that any optimism of organic consumption-led exuberance is completely misplaced. Retail sales of clothing is growing at the slowest pace since 2010; but while major store sales are about to drop negative YoY for the first time in over 3 years, the utter collapse in general merchandise sales is worse that at the peak of the last recession at -5%. It seems tough to see how a nation with an economy built on 70% consumption is not in a recessionary environment. And while this alone is a dismal signal for the discretionary upside of the US economy/consumer; as Gluskin Sheff’s David Rosenberg points out real personal income net of transfer receipts plunged at a stunning 5.8% annual rate in Q1. The other seven times we have seen such a collapse, the economy was either in recession of just coming out of one. But apart from that, everything is fine…
[stextbox id="x22report"]Since the American people do not want to go to war they will need to make the American people want to go to war. How do they do this, they will need create an horrific event that will kill, injure and shock the American people into war. [/stextbox]
- A new New York Times/CBS poll (PDF) was released today showing broad opposition among American voters to the idea of invading either Syria or North Korea, with past data showing that despite the rhetoric, Americans are no more on board with either potential war than they have been.
- Rather, the poll showed Americans more focused on domestic concerns, and believing that there was no “responsibility” to attack Syria to settle the ongoing civil war, and no need to attack North Korea at all.
- The New York Times, predictably, presented this result as showing “broad isolationism” among Americans, though of course none of the questions focused on Americans having any interests abroad and simply jumped straight to whether the US ought to attack specific places.
- So far officials have not addressed the unpopularity of starting such wars, though President Obama has reiterated that military options remain open in Syria. How “open” those options can be with an overwhelming majority of Americans on the other side, however, remains unclear.
- 81. Do you think the United States has a responsibility to do something about the fighting in Syria between government forces and anti-government groups, or doesn’t the United States have this responsibility?
- U.S. has responsibility U.S. does not DK/NA
- 12/12-16/12 CBS 27 62 11
- 3/20-24/13 CBS 20 69 11
- 4/24-28/13 24 62 14
[stextbox id="x22report"]I don’t think we will make it to 2015, they know what they are doing, they understand that the stock market, real estate and treasury bond market are all in bubbles. But they will need to start the war way before this to cover this collapse up. So we will have event after event to get the guns, get laws passed, get more rights taken away and finally bring us into war.[/stextbox]
- Michael Pento, president of Pento Portfolio Strategies, believes the U.S. Treasury market is a massive bubble destined to pop with devastating consequences.
- Unlike most, Pento is willing to put a timeline on when he believes the bond bubble will burst, which is the theme of his not-so subtly titled new book: The Coming Bond Market Collapse.
- Sometime in 2015-16, foreigners creditors will conclude with a high degree of confidence “’it’s impossible the U.S. will ever pay me back in real terms and I demand a higher interest rate,’” he predicts. “It will be just like Greece.”
- Treasury 10-Year Yield at Lowest This Year on Fed, Auction Sizes
- Treasury 10-year yields traded at the lowest level this year on bets the Federal Reserve will affirm its commitment to the pace of bond purchases to support growth and as the U.S. said it may reduce debt-auction sizes.
- “Over the past two months, we’ve started to see economic data slow down; It’s full speed ahead on QE,”
- The U.S. Treasury Department said it plans to sell a floating-rate security as early as the fourth quarter this year and signaled it may decide to “gradually” reduce the supply of notes and bonds at auction.
- With a budget deficit of more than $1 trillion last year, the Treasury needs to expand its base of investors. So-called floaters may appeal to those who are seeking to protect themselves from a possible increase in interest rates or faster inflation stemming from the Federal Reserve’s unprecedented monetary stimulus.
[stextbox id="x22report"]The states are starting to see what is coming and they are making preparations to ward off the economic collapse which is on the horizon. Maybe everyone needs to follow their lead.[/stextbox]
- Just under a month ago we raised the prospect of a number of states following Utah (which authorized bullion for currency in 2011) down the path of gold and silver as legal tender. “The legislation is about signaling discontent with monetary policy and about what Ben Bernanke is doing,” was how this shift was previously described and as Yahoo reports, the Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system. The bill will make gold and silver coins legal tender as of mid-2014 and more than a dozen other states continue to mull the transition. Those against the bill argue somewhat ironically, “anybody who thinks gold or silver is a really safe place to put your money had better think again,” anchored on the last two weeks, but as one supporter of the bill added, a “sound and honest money system such as gold and silver” is needed to bring stability.
- Via Yahoo,
- The Arizona Senate on Tuesday approved a measure to make gold and silver legal currency in the state, in a response to what backers said was a lack of confidence in the international monetary system.
- The bill calls for Arizona to make gold and silver coins and bullion legal tender beginning in mid-2014, joining existing U.S. currency issued by the federal government.
- If signed into law, Arizona would become the second state in the nation to establish these precious metals as legal tender. Utah approved such legislation in 2011.
- More than a dozen states have considered similar legislation in recent years, according to the National Conference of State Legislatures.
- He also pointed to the recent decline in the value of gold – which sank to $1,321.35 per ounce on April 16, its lowest price in more than two years – noting that “anybody who thinks gold or silver is a really safe place to put your money had better think again.”
- The push to establish gold and silver as currency has become increasingly popular in the United States in recent years
- … the legislation was needed to counter what he sees as insolvency in the global monetary system.
- “The dollar system and all of the other derivative currencies, including the euro, are a recipe for worldwide bankruptcy,” Weiner told lawmakers at an earlier hearing, adding that a “sound and honest money system such as gold and silver” was needed to bring stability.
[stextbox id="x22report"]So why did the police fire water canons and teargas at the people, what did they do to deserve this[/stextbox]
- Riot police in Istanbul have teargassed and fired water canon at crowds trying to get to the city’s Taksim Square for May 1 Labor Day Celebrations, injuring about a dozen people with 20 arrests.
- Demonstrators carrying International Labor Day banners and chanting “Long live Workers’ Day” were trying to get through police lines to Taksim Square when the police used teargas and water cannon to disperse them.
- Two policemen have been wounded in the clashes and are being treated in hospital, while 20 protesters have been detained by police, according to a statement by Istanbul’s governor. As many as a dozen people were injured during the clashes, according to AFP.
- Taksim Square is the traditional site of demonstrations in Istanbul, but this year the governorate refused to give permission to trade unions and youth groups to march to the square, supposedly because of a large construction project in the area.
- Both the unions and youth groups say that Taksim Square is the historic site of May 1 activities and that they have a right to demonstrate there. Some have been out on the streets of Istanbul drumming up support with posters saying “Bring your Anger, and come to Taksim”.
[stextbox id="x22report"]Companies and governments can play around with numbers have the numbers say what they want them to say but the bottom line is what we call reality. Eventually reality pokes its head through all this garbage and we learn the truth. Look at the 1929, 1971, 2008 and it will soon be today that we realize how bad things really are. People will then say how did this happen, we didn’t even see it coming, how come there were no indicators?[/stextbox]
- “The bottom line is that now certain private sector salaries (in R&D and entertainment) will be counted twice and public pension contributions will be counted even if they aren’t made.
- The economy will not actually be any larger or grow any faster, but the statistics will claim otherwise.
- With the stroke of a pen, our debt to GDP ratio will come down. Will this soothe the fears of our creditors? Will critics of big government take comfort that spending as a share of GDP may be lower?
- My guess is that the government is confident that its trick will work, and that distracting attention with a statistical illusion is the sole motivation for the change.” – in Finance Townhall, an excerpt from a text about the new methods of calculating Gross Domestic Product (GDP)
[stextbox id="x22report"]I agree with Judge Napolitano, the constitution is there for the people not for the government. This is what people need to realize.[/stextbox]
- The Obama administration is looking to fine tech companies big bucks unless they make eavesdropping on Americans easier,” Fox & Friends’ Gretchen Carlson informed on Tuesday. As the crew brought in Judge Andrew Napolitano to discuss the situation regarding wiretaps and search warrants, host Brian Kilmeade invoked the Boston bombing suspects to counter Napolitano’s argument.
- “So what would happen if had gone on under President Bush?” Kilmeade asked.
- “This did happen under President Bush with the NSA persuading — National Security Administration — persuading telecom providers to allow them to tap into it,” Napolitano reminded. “Some of our colleagues in the media exposed it, and it stopped.”
- The ability to wiretap, he added, helps when officials want search warrants — or, in the event that they don’t have time for warrants, they can force providers to cooperate with them for information. The proposal in question, the Washington Post reported, comes via a “government task force” and is “driven by FBI concerns that it is unable to tap the Internet communications of terrorists and other criminals.”
- “The search warrant system works,” Napolitano argued, recalling that he’s issued them at 3 a.m. in his living room. When there’s evidence, the system works, and the new measure appears to be the FBI wanting to cut corners — a point Steve Doocy quickly agreed with.
- Kilmeade, though, wasn’t so sure. “How about you’re Tamerlan, and you’re with your brother,” he posited. You’re going to head to Times Square with five bombs in the back. You’re trying to get access to his phone to find out who he’s calling, where he’s going. They can’t find Judge Napolitano in his boxers in the middle of the night.”Chase him down and stop him, and stop the car,” Napolitano argued.
- “Judge, it’s not Spiderman!” Kilmeade replied. “We can’t do that.”
- “The system works best when the constitution is followed,” Napolitano insisted. “When it’s not, the system is dependent upon the values of whoever is in office.”
- A general strike against harsh austerity measures has begun in different parts of Greece, disrupting public transport and healthcare services.
- The 24-hour strike officially started on Tuesday midnight and was staged to mark the Labor Day on May 1.
- Public transportation is expected to be severely affected, as ferries have been halted. The healthcare system is also affected by the event as hospitals are working on skeleton shifts.
- The country’s trade unions have called for the “mass mobilization” of protesters to demand an end to the austerity measures.
- The unions say these measures have led to record high unemployment rate of 27 percent, reaching nearly 60 percent among the country’s youth.
- Law enforcement officers have been put on high alert amid fears of a repeat of violence, which occurred at some previous protests.
- Meanwhile, the country’s government has said the measures are needed for Greece to come out of its deep financial crisis.
- Prime Minister Antonis Samaras’ cabinet says that the measures are demanded by the troika of international creditors, including the European Union and the International Monetary Fund, in order for Athens to receive more bailout money.
- On April 28, Greek lawmakers passed a bill that would clear the way for 15,000 civil servants to be “laid off” by the end of the next year to secure another 8.8 billion euros (USD11.5 billion) in bailout funds.
[stextbox id="x22report"]This is reality, people feel it, they know people or they are the people who are unemployed and cannot find work. They are starting to see their rights disappear with these laws. They are starting to realize something is wrong.[/stextbox]
- President Barack Obama’s approval rating on three key issues is distinctly underwater, according to a new poll from Quinnipiac University released Wednesday.
- The poll found that at least 10 percent more respondents disapproved than approved of Obama’s handling of the economy, gun policy, and immigration issues:
- On the economy, 53 percent disapprove of Obama’s job performance, while only 41 percent approve.
- Two weeks after the Senate failed to pass a measure that would have expanded background checks, Obama’s approval rating on “gun policy” is also 41 percent. Meanwhile, 52 percent disapprove.
- And as the immigration debate continues to flare on Capitol Hill, only 40 percent approve of Obama’s handling of the issue. Fifty percent disapprove.
- Together, the three issues are perhaps the ones that will dominate Washington on a domestic scale for the foreseeable future.
5.01.13 – “They Don’t Want Certificates, They Want the Real Product” – CME President on Gold
n a remarkably candid interview, the President and Executive Chairman of CME Group Inc, Terrence Duffy, told Bloomberg TV that today gold buyers “don’t want certificates … They want the real product”.
[stextbox id="x22report"]Let’s use common sense again, gold and silver have been around for thousands of years and have been used as money. Paper is just that paper it has no value. Paper certificates are a like the claim check you get when you drop off your clothing at the dry cleaner. Which would you rather have the claim check or your clothing.[/stextbox]
- When asked by Cristina Alecci at the Milken Institute 2013 Global Conference in Los Angeles on Bloomberg Television’s “Street Smart.”about gold, Duffy says
- “What’s interesting about gold, when we had that big break two weeks ago we saw all the gold stocks trade down significantly, we saw all the gold products trade down significantly, but one thing that did not trade down, was gold coins, tangible real gold. That’s going to show you, people don’t want certificates, they don’t want anything else. They want the real product.”
- Slowly but surely, gold coins and bars value as safe haven assets, unlike gold futures and other paper and digital forms of gold, is being realised.
- All paper forms of gold, particularly leveraged ones, should be avoided due to counter party and systemic risk.
People aren’t angry because it is an election year, people angry because you are violating their 4th Amendment. Did he forget about this.
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
- During a Tuesday speech to New York City Police Department brass, Mayor Michael Bloomberg equated critics of the controversial stop-and-frisk policy, which is the subject of an ongoing federal lawsuit, with an unruly mob.
- Stop-and-frisk was enacted in 2002, but has drawn public ire in recent months after a federal judge ruled in January that the practice of searching pedestrians without probable cause is unconstitutional.
- The NYPD has also been the subject of a civil lawsuit in federal court meant to determine whether patrol officers target minorities and are required to meet monthly arrest quotas. Current and former officers have testified in the affirmative to both counts.
- The scrutiny has apparently incensed Mayor Bloomberg, who spent almost an hour Tuesday morning assailing proponents of a bill proposed by mayoral candidate Christine Quinn that would appoint an inspector general to oversee the NYPD. Bloomberg argued the legislation is an example of “putting ideology and election-year politics in front of public safety.”
- “Hard to believe, but the NYPD is under attack,” Bloomberg said during the speech on the second floor of police headquarters in downtown Manhattan. “Probably because this is an election year. The attacks most often come from people who play no constructive role in keeping our city safe, but rather view their jobs as pointing fingers from the steps of City Hall.”
Anything to circumvent the rights of the people. Remember what I reported in Episode 51, all laws that are inconsistent with the constitution are null and void.
Thus, the particular phraseology of the Constitution of the United States confirms and strengthens the principle, supposed to be essential to all written Constitutions, that a law repugnant to the Constitution is void, and that courts, as well as other departments, are bound by that instrument.
- We’ve talked a lot about how the Justice Department (DOJ), mainly via the FBI, has been pushing for years to change the laws in order to require tech companies to build wiretapping backdoors into any and every form of communication online. As we’ve explained over and over again, this is a really silly proposal, that won’t make us any safer. Instead, it’s likely to make us a lot less secure, because those backdoors will be abused, not just by law enforcement, but by those with malicious intent who will work hard to find the backdoors and make use of them.
- The latest proposal on this front is equally ridiculous. While it wouldn’t dictate specific wiretapping/backdoor standards, it would require that companies make some sort of backdoor available or face rapidly escalating fines.
- Under the draft proposal, a court could levy a series of escalating fines, starting at tens of thousands of dollars, on firms that fail to comply with wiretap orders, according to persons who spoke on the condition of anonymity to discuss internal deliberations. A company that does not comply with an order within a certain period would face an automatic judicial inquiry, which could lead to fines. After 90 days, fines that remain unpaid would double daily.
- This would be a disaster for innovative companies and for public security and privacy as well. The DOJ really needs to learn that not everything must be tappable. As it stands now, if I just sit on a park bench talking to someone, the DOJ can’t tap it. Sometimes law enforcement doesn’t get the right to hear everything I have to say.
[stextbox id="x22report"]Since Al-Qaida is run by the CIA do you think Russia is pushing the CIA’s buttons and pointing this out to show them that we know who Al-Qaida really is and we know what you are doing.[/stextbox]
- Russia delivered to the Obama administration a list of the names of al-Qaida members among the Syrian rebels, who are receiving arms shipments coordinated by the U.S., according to informed Middle Eastern security officials.
- The list, the officials added, demonstrates the U.S. is failing to vet the rebels being supported by the West for ties to al-Qaida and other jihad groups.The information comes amid scores of news media reports that the Obama administration is aiding the rebels, including by coordinating Arab arms shipments.
- The arming of Syrian rebels is considered highly controversial. A major issue is the inclusion of jihadists, including al-Qaida, among the ranks of the Free Syrian Army and other Syrian opposition groups.
- Just last week, WND broke the story that the U.S. in recent weeks aided in the transfer of shoulder-launched, anti-aircraft missiles, or man-portable air-defense systems, to the Syrian rebels, according to informed Middle Eastern security officials.
- The Middle Eastern security officials speaking to WND said the latest U.S.-facilitated weapons transfers signify the most advanced deliveries yet to the Syrian rebels.
- Confirming WND’s exclusive reporting for over a year, the New York Times reported in March that since early 2012, the CIA has been helping Arab governments and Turkey obtain and ship weapons to the Syrian rebels.
- In a little under two minutes, Nigel Farage sums up the utter farce that “the religion” that Europe has become. He explains, his fear is that what will break up the Euro, “is not the economics of it, but wholesale, violent revolution,” in the Mediterranean, and that is “all so unnecessary!” Speaking at Simon Black’s Offshore Tactics workshop, the so-called modern day Cicero goes on to point out that France’s Hollande is “the number 1 among idiots running countries around the world,” and worries that Merkel’s pending election means there will be more and more ‘tough talk and action’ as she shows the people she is in charge. Simply put he warns, alongside Ron Paul, that if you have money in European banks, “Get your money out,” because, “when the next phase of the disaster comes, they will come for you.”