Friday July 20th 2012

No posts. - mpg

Thursday July 19th 2012

"They bought the executive branch....they bought the legislative branch...."  &  "The people of the United States don't have true representation when it comes to their values versus the values of the pro-Israel lobby." --  *Cynthia McKinney*

Just read the paragraph above folks, especially the sections in bold and think to yourself, if this took place during the fifties and the place and proper names were from East Germany or the Soviet Union, would any of what the author's describing above seem out of place? - mpg

One day there will actually be a true, bona fide, terrorist, attack where the perpetrator(s) (usually a lone "nut" gunman) haven't had "years" of prior contacts with the intelligence services, or received funding, or logistical support, or training, or engaged in prior operations with such services, or participated in experiments, or received drug "therapy", or were jailed by, or watched for years by such services, or even actually worked for such services.  --  But it hasn't happened yet! - mpg - posted 03-21-12

Before everyone gets overly excited and decides to go out and short the market, just think of what would have happened if you had gone up to ANY economist twelve years ago and told them nonchalantly....

"Yeah, sure, they'll change the FASBI rules so you can completely mark to fantasy, and the FED will secretly hand Europe nine trillion dollars, plus engage in another twenty to thirty trillion in various support programs, and stuff Freddie, and Fannie with three to five trillion dollars worth of toxic crap plus add another trillion to their own book, in addition to two trillion in US bonds.... 

The banks won't foreclose for years on past due mortgages, we'll have three to five million homes in the "shadow inventory" and the banks will create about one hundred trillion every year using this newfangled synthetic financial instrument called a derivative, for a completely unregulated, opaque market which no one can value, worth well over one quadrillion in notational.... 

They'll use this one quadrillion plus in derivatives to attack the European Union's Euro and bond markets, the FED will openly admit that they're using all this excess liquidity to artificially prop up financial assets, over forty percent of the US companies' "profits" will come from Wall Street shuffling all this paper around, which will generate well over two hundred billion in bonuses for the Wall Street crowd....

The US government will be creating two to three billion in debt every single day, banks will steal billions in their customer's funds, not give them back, NO ONE will ever go to jail, and no one will really care....." 

....and so on for another hour or so, assuming any economist would still be standing there listening to your calm explanation of how everything they believed in was wrong, and not calling the guys in white coats to haul you away.

However, whether they stayed or fled, called the guys in the white coats or not, ALL of them, EVERY SINGLE ONE OF THEM would think you were a stark raving mad lunatic WHO DID NOT HAVE A CLUE!! 

And yet here we are, it's all come true, it's getting worse every single day, nobody's doing anything about it, and it all goes to show reality doesn't really matter to the "markets" or the Fed, any more.

Maybe Karl Rove is right and "they" really can "create their own reality."- mpg

Which will drastically deepen Spain's recession, cause the economy to contract further, decrease tax revenues, increase business failures, increase Spanish bank losses, increase the cost of social support programs (despite the cuts), dramatically increase Spain's debt, cause the bond markets to tank, the interest rates to rise further, which will lead too....further spending cuts [and tax increases] -- Again -- For the nth time -- So Spain can continue this cycle -- Again, and again, and again....  Does this seem like a really stupid, self-defeating economic program to anyone else out there? - mpg - quote previously posted 07-13-12 - Topix ||  A Quadruple Whammy - 12-16-10 - mpg  ||

By the way, this website editor cannot stress enough just how DANGEROUS A PRECEDENT IT IS, for the Governments of Britain and the United States to PUBLICLY SUPPORT, the financing, training, command, control and communications of the Gulf Monarchies' FOREIGN Wahhabist al-CIA'da terrorist mercenaries in Syria, as the US and Britain DIRECT and enable these terrorist suicide bombers to target the leadership of the Syrian government.  ---  What happens down the road, or how these sorts of tactics will INEVITABLY replicate across the geo-political map in many other countries, will have highly unfortunate consequences for global security and stability.  ---  Or to put it another way, one generally reaps what one sows. - mpg

Wednesday July 18th 2012

No posts. - mpg

Tuesday July 17th 2012

War On All Fronts
Must Read - A quote...."The Russian government has finally caught on that its political opposition is being financed by the US taxpayer-funded National Endowment for Democracy and other CIA/State Department fronts in an attempt to subvert the Russian government and install an American puppet state in the geographically largest country on earth; the one country with a nuclear arsenal sufficient to deter Washington’s aggression." - Source:  PaulCraigRoberts - also posted at PrisonPlanet & MyCatBird'sSeat & LewRockwell

Carnival Deception: While Mitt and Barry Posture, the Imperial Beast Plods On
Must Read - A quote...."Behind the all-consuming, overheated hypermania of the presidential campaign – Romney! Taxes! Swiss banks! Bain, Bain, Bain! – the dull-lidded behemoth of empire continues to trudge its way back and forth across the earth, knee-deep in human blood. Those who pray and pump and polemicize for the re-election of the behemoth’s current commander have to repeatedly gouge out their own eyes to avoid seeing the rank corruption and carnage their champion empowers and inflicts on the vulnerable and the defenseless.  ---  We write here frequently of Honduras – the land where Barack Obama made his bones as hemispheric hierarch with the ritual overthrow of a democratic Latin American government and its replacement by murderous thugs. (Any American president who would be truly great must carry out this traditional blood sacrifice in the time-honored fashion.) The repression, death and corruption engendered in Honduras with Obama’s aid and complicity have been remarkable – yet have gone completely unremarked by the legion of progressives who rightly strained at the slightest gnat of evil during George W. Bush’s lawless regime but now happily swallow whole camels of crime when Obama wears the purple. Blind guides indeed."

Hillary Clinton’s incendiary global tour
A quote...."Secretary of State Hillary Clinton’s extraordinary 13-day tour of Asia and the Middle East represented an incendiary mix of provocation and hypocrisy and signals a new eruption of American militarism on a global scale."

Secretary Clinton: Sleepless in Cairo With Zero Influence
A quote...."Thousands of anti-MB [Muslim Brotherhood protestors] rallied outside Mrs. Clinton’s hotel, the Four Seasons, at downtown Cairo to protest what they called the American plot to help the MB outweigh the generals and take full control of the country. --  According to the protesters, the American administration unable to curb down the post-Mubarak Islamist tide, decided to use the MB to discipline Hamas (an offshoot of the international MB organization) and may be make it come to terms with Israel. -- By nightfall Saturday, thousands of protesters, who practically surrounded Mrs. Clinton’s Hotel, kept chanting anti-American and anti-MB slogans all night long. -- One of the protest leaders chanted, “If you like the MB so much, why you don’t take them back with you”"

'West invented Al-Qaeda, monster turned on master'
RTVideo - (RTYuTb - 12min42sec - Jul 17, 2012) - Source:  RussiaToday -- A quote...."RT's Laura Smith discusses Britain's domestic and foreign policy with a controversial UK MP George Galloway who sheds light on agendas debated behind closed doors."

Like in Libya, Al Qaeda flags now fly in Syria
A quote...."According to reports al-Qaeda flags are flying openly in some areas of Idlib and Aleppo provinces that straddle the borders with Turkey and Iraq (see article: Al-Qaeda tries to carve out a war for itself in Syria)."

Christians threatened by Free Syrian Army seek Government Protection
A quote...."Armed Islamist Opposition has murdered more than 200 Christians in the city of Homs" - also posted at WarInIraq


Tall Tales in Tremseh -- Another day, another fake Syrian atrocity
Propaganda Exposed - A quote...."For what seems like months we have been inundated with reports of “massacres” carried out by Syrian government troops against defenseless villagers. The sourcing for these reports is always Syrian “activists,” sometimes named but often not, and the details are always quite horrific: There was the “massacre” at Houla, touted by the BBC in a story that included a photo of a boy jumping over the shrouded bodies of the victims. The report claimed Syrian forces had murdered children and women in a house to house rampage in the village of Houla: it was all very dramatic. There was just one problem with the story: it wasn’t true. The photo used by the BBC to illustrate this tall tale was taken in Iraq, not Syria, and it had been pilfered by the Syrian “activists” who palmed it off to the BBC as “evidence” of atrocities committed by the regime. -- That wasn’t the first hoax these “activists” tried to pull, and — in spite of being repeatedly exposed as frauds — it certainly wasn’t meant to be the last."

French Foreign Minister Accused of Falsifying Reports on Syria "To Provoke a War"
Propaganda Exposed - A quote...."On 19 March 2012, a high French official invited Arab journalists based in Paris to inform them of the internal battle being waged within the French government and, in particular, the Quai d’Orsay [the French Foreign Ministry] regarding Syria. According to this person, the French Ambassador in Damascus, Eric Chevallier, whose embassy had just been shut down and who had returned to Paris, challenged Minister Juppé in front of his colleagues. He accused Alain Juppé of having ignored his embassy reports and of having falsified summaries of them to provoke a war against Syria." - also posted at WarInIraq

London’s Militarised Olympic Games Conjures Up Orwell’s 1984
Life Imitates Fiction -- A quote...."Orwell’s classic story of an authoritarian police state was set mainly in London, which had become the capital of Airstrip One, a province of the American super-state, Oceania. The impoverished majority of the populace, the “proles”, had to content themselves with seedy pubs and the faint hope of winning a weekly lottery, while the “inner circle” lorded over the masses. The proles were kept in their place of servitude by emergency powers and a permanent state of war. There is also more than a suspicion in Orwell’s 1984 that the supposed state of war and incoming attacks from anonymous enemies were a contrivance by the elite to instill fear in the masses."
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More Tales From the Zio-Sphere....

Telling the truth about Israel
Video - Alt - (YuTb - 1min53sec - Jul 12, 2012) - Source:  JewsOnTelevision -- A quote...."The add is antisemitic" says Jewish journalist David Efune - "It paints the Jews as aggresors, imperialists, people who are stealing or  taking land from others" - David should get A Star, he clearly grasped the message on the wall."

Light sentence in brutal murder shows double standard for Jews, Palestinians
A quote...."A Jerusalem teenager, identified only as “A,” was given a perplexingly short 8- year sentence after a plea bargain for the stabbing death of a Palestinian, Hussam Rawidi, following a brutal and apparently unprovoked attack.  The charge was reduced from “murder” to” killing, (manslaughter)” which enabled the court to impose the lenient sentence.   The crime occurred on February 11, 2011. Rawidi was 24-years-old when he was killed." - also posted at WarInIraq

Christians United For Israel: Building an Evangelical Army to Defend Zionism
List of the Damned - (those who service Mordor & Isengard) -- Some quotes...."Pastor John Hagee, founder of Christians United For Israel (CUFI), has been at the forefront of pro-Zionist propaganda...." --- "Some of the speakers at the conference include...."

• Congresswoman Michelle Bachmann
• Pastor John Hagee
• Senator Joseph Liberman
• Prime Minister Benjamin Netanyahu
• Steven Emerson, author and journalist
• Ari Fleischer, former spokesperson for the George W. Bush administration
• Sgt. Benjamin Anthony, combat veteran and reservist for Israel Defense Forces (IDF)

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Gee Whiz Guys, We're Trying to Start Another War Here!
07-17-12
mpg

US vessel opens fire on boat off UAE coast, killing 1
To the men and women in the US-NRE's military.....

"Gee whiz guys, we're trying to START ANOTHER WAR HERE!!   It doesn't do us any good when you murder people from India of all things!  You're supposed to murder Iranians!  Try shooting down another civilian airliner again, or sink a ferry with lots of little children....just make sure THEY'RE IRANIANS THIS TIME!! 

Don't you WANT Obama to have his provocation? Don't you want our parasites to select him to rule over you again? Don't you want another war?  Don't you want to help the Israelis obtain their long sought mini-empire? Don't you want to see the Saudi Royals and al-CIA'da and the Wahhabists triumph across the rest of the Middle East....so we can have even MORE wars in the future?

Or are the Israelis gonna have to do all the heavy lifting again like they did on 9/11?  Don't you think they've done enough already?  Sure, you guys helped out by going completely AWOL with the ENTIRE US Air Force for two whole hours during 9/11, and you guys sure confused the HECK out of everybody by conducting those well-timed exercises simulating air planes crashing into buildings on the vary same day!!

But those sorts of childish, juvenile, ridiculously over-the-top, false-flag stunts won't work this time around, not in the Persian Gulf.  So com'on, provoke those camel humping, rag headed, I-rain-nee-ins!  Stage another Gulf of Tonkin incident....in the Gulf of Persia! 

We'll all just call it....the Gulf of Persia incident!!

It's your choice guys, either you murder a whole bunch of Iranians to start another war -- or --  the Israelis may have to....ahem...accidentally....ahem....sink one of your ships, just as they tried to do to the USS Liberty.

So get with the program!! 

Another war is good for the Israelis, it's good for al-CIA'da, it's good for the Military Industrial Complex, it's GREAT for the Banksters....and it's utterly terrible for you, but since you're just a bunch of "dumb, stupid animals to be used" as pawns for foreign policy, or so said Henery Kissinger, you don't really matter anyway, do you? - mpg
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More on the Domestic Situation.....

Suicide crisis mounts for US soldiers and veterans
A quote...."Conditions facing active military service members and veterans returning from Iraq and Afghanistan amount to nothing less than a social crisis. According to a report obtained from the Pentagon by the Associated Press, more American armed forces active service members have killed themselves in the first six months of 2012 than in the first six months of any of the previous 11 years." - bold by website editor

Turkish Skyscraper On Fire - Video
For 9/11 investigators everywhere! Your efforts are paying off, your message is getting through! - mpg -- A quote...."A large blaze has broken out in a 42-story tower block in the center of the Turkish city of Istanbul. Firefighting crews brought the fire under control, rescuing those who had been trapped inside by the flames...." - Selected comments....

• "Be careful, as a steel framed building it may collapse at freefall speed any second". -- *Anne Ominous*
• "I know - I kept waiting to see it fall into its own footprint" -- *JohnQpublic*
• "The official report will be so obtuse: "We do not know at this time why it did not collapse". -- *Thomas*
• "The Government will soon announce that 14 terrorists were behind the whole thing.  The site will be cordoned off with armed guards and all the wreckage will be hauled away without an investigation.  Engineers will be banned from the site ...  oh, wait, [it's] Turkey, not the U.S." -- *Stuck on Zero*
• "I heard they found some Syrian passports a couple of blocks away from the burning building totally undamaged...or were they Iranian...might have been Canadian." -- *Monkeyboy*
• "So what are the freedoms we are giving up for security this time?" -- *Skateboarder*
• "It's the surrounding buildings that concern me. They should all start falling soon. I noticed a fire in the dumpster a block away from one of them that should cause imminent collapse." -- *Gorerhythm*
• "Larry! Just pull it!" -- *Karl von Bahnhof*
• "The BBC has announced it has collapsed, so expect it to fall down within the hour." -- *Kieran1968*
• "I guess we should have hired Turkey to rebuild the WTC complex. We now know their highrises can withstand fires without collapsing into their own footprint." -- *Disenchanted*
• "Where's Rumsfeld?" -- *Q99x2*
• "That's an unknown known....Wait...you fool me once, we can't be fooled again. --  Sh-t that's not it either.  --  Ah f-ck it!" -- *Disenchanted*
• "Hillary Clinton will blame it on Syria." -- *Grunk*
• "A Syrian HVAC subcontractor had recently been observed doing work in the building." -- *Herodotus*
• "'Syrian' HVAC contractor that was cleared by the Israeli 'security' team at the building...a company such as ICTS maybe?" -- *Disenchanted*
• "Pull-It!" -- *CCanuck*
• "Yeah, pull it. And for heaven's sake, can't we get a BBC reporter to stand in front of it and say that it collapsed minutes ago? That would round it out." -- *SeizeMars*
• "Ordinarily that would be an outrageous insinuation, but when you consider the amount of MI5/6 that work in the BBC, its not that outlandish." -- *Itch*

These comments were posted in less than three hours, and they demonstrate that ZeroHedge readers are pretty well informed about many things, including 9/11, and they also have a sense of humor too. - mpg

The Robert Wenzel Show: Mysterious Currency Transfers Before 9-11
Must Listen RWAudioVid - (RWAudioYuTb - 30min31sec - Jul 15, 2012) - Source:  Robert Wenzel -- A quote...."Robert Wenzel interviews Bill Bergman, who worked at the Chicago Federal Reserve for over thirteen years. To get more information about this interview read this." - Topix ||  Insider Trades 9/11  ||

Move over, Flame: New Messiah-themed malware targets Iran, Israel
It doesn't seem anywhere near as scary as Stuxnet or Flame. - mpg -- A quote...."Researchers have discovered another piece of espionage malware targeting sensitive organizations in the Middle East, this time siphoning e-mails, passwords, computer files, and nearby conversations from more than 800 PCs operated by critical infrastructure companies, financial institutions, and government agencies."

Block on Blair's letters to Bush delays publication of Iraq war report by another year
A quote...."The publication of the final report from the Chilcot Inquiry into the Iraq War has been delayed for another year because officials are refusing to allow Tony Blair's private messages to George W. Bush to be released."


MEK Spokesmen and Their Cozy Home at The Huffington Post
A quote...."After noted journalists Hooman Majd, Robert Mackey, Greenwald himself, and others "noted the oddity that HuffPost was publishing pieces from a designated Terrorist group, HuffPost deleted the piece."  A HuffPo spokesperson also told Greenwald that Abedini's post "was published by mistake," adding, "By policy, we don't publish blog posts by people affiliated with designated terrorist organizations. The blog editor who published it was unaware that NCRI is MEK's political arm. When the mistake was discovered the post was removed." - also posted at AlethoNews

HSBC Allegedly Financed al-Qaeda [al-CIA'da] , Made Billions on Illegal US Drug Sales: Report
A quote...."17 Jul 2012 ...The result of the Senate's work, a nearly 400-page report, describes in exhaustive detail how HSBC Holdings Plc. executives repeatedly ignored warning signs from their own compliance officers, and from outside regulators, all of whom watched what they believed to be billions of dollars in suspicious transactions passing through the bank without adequate scrutiny. The report describes how HSBC's Mexican affiliate moved $7 billion in physical U.S. dollars through the bank in a two-year stretch, "raising red flags that the volume of dollars included proceeds from illegal drug sales in the United States." It lays out how HSBC's executives ignored warnings that it was providing currency to a Saudi bank alleged by some U.S. officials to be involved in financing al-Qaeda al-CIAduh." - Source:  ABC - Topix ||  US Support - Drug Trade  ||

DOJ withheld 'Fast and Furious' whistleblower memo
Fast & Furious Fiasco - (another cover-up continues, there are sooooooo many!) -- A quote...."The Obama administration withheld from Congress memos showing ATF considered 'Fast and Furious' agents whistleblowers."

Government is tightening its grip on whistleblowers
Related RTVideo - (RTYuTb - 8min54sec - Jul 16, 2012) - Source:  RTAmerica -- A quote...."The New York Times unveiled some findings about a major surveillance operation by the Food and Drug Administration of its own employees. In fact the Times paints an in-depth picture of the length FDA officials went to to monitor its employees' communication on every level. The FDA says it was in response to employees suspected of leaking confidential information about the safety and design of medical devices. Employees have filed a lawsuit over the issue. To talk more about this all, RT's -- Kristine Frazao is joined by Jesselyn Radack, of the National Security and Human Rights and Government Accountability Project."

FDA Spied On Emails To Try To Silence Critics
Related Article - A quote...."We've discussed how the government often seems much more focused on silencing leaks of information, rather than recognizing that those leaks are often highlighting serious misconduct. The latest example involves the Food and Drug Administration (FDA), who apparently started trying to find the source of a leak, but in the end started collecting thousands of emails to try to stifle all sorts of criticism of the FDA, as revealed by the NY Times over the weekend." - Source:  TechDirt

FDA Spies On Whistleblowers’ Personal Information … Then Uses It to Smear Them
Related Article - A quote...."When one of the most respected radiologists  in America – the former head of the radiology department at Yale University – attempted to blow the whistle on the fact that the FDA had approved a medical device manufactured by General Electric because it put out massive amounts of radiation, the FDA installed spyware to record his private emails and surfing activities (including installing cameras to snap pictures of his screen), and then used the information to smear him and other whistleblowers...."

'Obama promised to be whistleblowers' best friend, became enemy no.1'
RTVideo - (RTYuTb - 4min17sec - Jul 16, 2012) - Source:  RTAmerica -- A quote...."Pre-trial hearings are underway for Bradley Manning - the jailed US soldier accused of releasing information to Wikileaks. His lawyer claims Manning was tortured and treated worse than a terrorist during nearly two years in solitary confinement. He faces 22 charges including 'aiding the enemy' - which carries a death sentence."

Bypassing News: US citizens journalism killing mainstream - Hip Hip Hooray!!
RTVideo - (RTYuTb - 3min48sec - Jul 16, 2012) - Source:  RussiaToday -- A quote...."Bias and bungled reporting on US news networks are behind plummeting audience numbers, according to the Gallup Poll. RT's Marina Portnaya looks at a cutting-edge project that's encouraging ordinary Americans to drive their country's news agenda instead."

The Great Transformation: From the Welfare State to the Imperial Police State
Special Note - A quote...."The United States has experienced the biggest political upheaval in its recent history:  the transformation of a burgeoning welfare state into a rapidly expanding, highly intrusive and deeply entrenched police state, linked to the most developed technological innovations. -- The ‘Great Transformation’ occurred exclusively from above, organized by the upper echelons of the civil and military bureaucracy under the direction of the Executive and his National Security Council." - Source:  JamesPetras

Occupy protesters take on Bohemian Grove
RTVideo - (RTYuTb - 3min53sec - Jul 16, 2012) - Source:  RussiaToday --  A quote...."2,000 of the world's most rich and powerful take a yearly voyage to the Bohemian Grove, a secluded camp out in the redwoods of Monte Rio, CA. With little to no media coverage of this elite pow wow, RT correspondent Abby Martin set out to cover the event herself."

Yes, Romney Perjured Himself
2012 Election Cycle - A quote...."The Daily Beast  The claim that he committed a felony by falsely reporting his role at Bain Capital under oath is what has really gotten under Romney’s skin. But it seems pretty clear to me that he signed a federal financial disclosure form, under the penalty of perjury, saying he had not been involved “in any way” with Bain after he left for Utah in February 1999. That’s a strong statement. And it is directly undercut by Romney’s own statement in his 2002 attempt to prove residency to run for governor:" - Source:  TheDailyBeast

Poll: 80% of Americans Would Consider Voting for a 3rd Party/Independent Presidential Candidate
2012 Election Cycle - Why consider it?  Just do it!  You'll feel so much better! - mpg -- A quote..."The recent Reason-Rupe poll finds that 80% of Americans say they would or might consider voting for an Independent or third-party presidential candidate in the 2012 election."
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The Anglo-Euro-Banks Credibility Crisis Deepens....

Keiser Report: Cotton Candy Fraud (E315)
RTVideo - (RTYuTb - 25min45sec - Jul 17, 2012) - Source:  RussiaToday - Producer:  MaxKeiserTV - Related:  MaxKeiserCom - Related:  MaxOnTwitter - (RussiaToday) -- A quote...."In this episode, Max Keiser and co-host, Stacy Herbert, discuss how market participants are never more than a few milliseconds away from the next act of fraud and how a teaspoon of collateral leads to economic martial law. They also discuss German economists proposing that the wealthy be forced to buy bonds while in Spain the government and EU force bank losses on cooks and pensioners. In the second half of the show, oil analyst, Chris Cook, about how, despite sanctions, oil will always find a home; the Enron technique of pre-pay now being used by Enron's former counterparties; and how stability is the death for the oil market middlemen.

Regulators Sleep With Industry Prostitutes … While They Pimp Out the American People
A quote...."There are some real connections between Wall Street and prostitution. See this, this and this. -- Instead of using taxpayer-generated bailout money to help the economy, some banking executives used it for prostitutes and other gratifications. -- The “regulators” who are supposed to act as watchdogs play a very similar game."

How White Collar Crime Became the "Business Model" of Corporate/State America
A quote...."White collar crime is now the "business model" of Corporate/State America. The Status Quo does not just incentivize pathological behavior, it is itself a pathological system."

Judge Napolitano: “LIBOR Scandal One of the Largest Bank Orchestrated Frauds in History”
FOXVideo - Alt - (FOXYuTb - 3min24sec - Jul 16, 2012) - Source:  TheLeakSource -- A quote...."(Fox) – The Department of Justice is reportedly deciding whether to charge banks over growing LIBOR interest rate fixes. The international investment bank Barclays Capital has already paid $450 million in fines for illegally manipulating the rates that banks charge each other to borrow money. That rate affects everything from credit cards to car loans and mortgage rates. Shepard Smith reported that it remains to be seen whether Treasury Secretary Timothy Geithner knew about the rate manipulation when he was head of the Federal Reserve Bank of New York."

Consumers Flash Warning Signal
Charts - (click  till  enlarged) -- A quote...."Personal consumption expenditures drives a little more than 70% of economic growth in the U.S. as shown in the first chart.  Therefore, it is no surprise that watching consumer confidence, retails sales, personal savings rate and changes in credit can tell you a lot about the real state of the consumer and the likely impact to the economy in the future. -- The recent releases of consumer confidence measures have uniformly shown declines not only in current sentiment but the overall outlook for future economic conditions." - also posted at ZeroHedge

Pick Your Debt Poison
4 Charts - (Gov - Corp - Hshld - Total) -- A quote...."When it comes to estimating the biggest threat to the global financial system, by far the biggest threat and biggest unknown is the total Financial debt in the system, for the simple reason that as we have been showing for over two years, it is simply impossible to quantify just what the real level of such debt in the developed world truly is, especially when one accounts for shadow liabilities, rehypothecated collateral, derivatives, and all those other footnotes in financial statements that only become relevant when daisy-chained collateral links start collapsing following the default of one or more financial entities, and when gross becomes net. What we can, however, do is show the other three major categories of debt currently existing in the system"

ZIRP Strikes Again: Pension Under-Funding For S&P 500 Companies Hits Record
Chart - (click to enlarge) -- A quote...."The public pension and retirement 'schemes' are in considerable trouble (as we noted here and here) and now, according to a recent S&P study, private companies are at record levels of pension under-funding."

Capacity Utilization Plateaus Despite Ongoing Record Inventory Stocking
Chart - A quote...."While there was little surprise in today's Industrial Production report, which rose 0.4%, on expectations of a 0.3% rise, however offset by last months' revision from -0.1% to -0.2%, it was the critical Capacity Utilization data that has some analysts concerned."

Worst US drought since 1950s threatens to drive up global food prices
Map - (click to view) -- A quote...."A large swath of the US Midwest and mid-South has been devastated by extreme heat and the worst drought since at least 1956. Last week, the US Department of Agriculture (USDA) declared more than 1,000 counties disaster areas—more than half of the land surface of the country—making the drought officially the largest disaster on record in the country. More than two-thirds of the country is experiencing drought."

The US is Entering a Recession In the Worst State in the Post WWII Period… Right As the Fed Realizes It’s Out of Ammo - A quote...."Most of my recent analysis has pertained to Europe. -- However, on the other side of the pond, the US economy is showing major signs of deterioration.  The jobs data, even after the BLS massages it, is awful.  Secondly, 1Q12 GDP estimates have been revised lower. We’ve also seen the two consecutive bad Philly Fed surveys, including the fact that the average workweek has shortened for two months now. We’re also seeing a drop in the Empire Manufacturing index."


Moody’s has downgraded 13 Italian banks - As stated above, the attack continues.....
A quote...."Moody's Investors Service has slashed the credit ratings of 13 Italian banks, three days after downgrading the Italian government’s credit rating." - Topix ||  The Games Banksters Play - 07-11-12 - mpg  ||

Spanish Bank Borrowings From ECB Soar By €50 Billion In June, Hit Record €337 Billion
Chart - (click to enlarge) -- A quote...."Contrary to popular delusions, money flows in Spain are once again deteriorating rapidly, with the country's bank borrowings from the ECB soaring by €50 billion in June according to the Bank of Spain, the second highest ever, to a record €337 billion."

A Cretan Writes A Heartfelt Letter To The Greek IRS
A quote...."The Greeks, who have long since become Guniea Pigs for Europe's real time experiment in restructuring itself without actually i) impairing any debt, ii) injecting new capital, or iii) having any idea what the endgame really is, are increasingly starting to just say no and revolt. Yes - the small Mediterranean country may have fallen off the front page news briefly, or until the current government is also ejected bringing us to a repeat of late May, early June, its citizens are getting ever bolder in refusing to comply with the relentless attempts of the European superstate to syphon off as much wealth as it possible can from the weakest and the poorest."
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More On The International Situation....

Russia, China to veto UN resolution against Syria
A quote...."Russia and China will veto a Western-backed UN Security Council draft resolution that calls for sanctions against Syria."

Hilarity Ensues as Russia Criticizes Saudi Arabia's Human Rights Record - posted at ICH
A quote...."July 17, 2012 "Forbes" --  If you want to find proof of the rank hypocrisy and double standards that underlie international relations in general and the argument over Syria in particular, you could do an awful lot worse than to examine the recent spat between Saudi Arabia and Russia. Saudi Arabia, despite it’s recent embrace of the cause of democracy and freedom in Syria, is and has been for the past 80 odd years one of the most violently repressive and backwards societies in the world: an absolute dictatorship replete with “morality police” and various other kinds of religious totalitarians.*" - Source:  Forbes

12 NATO oil tankers torched in eastern Afghanistan
A quote...."Taliban militants have attacked 12 NATO tankers carrying fuel for US-led forces in eastern Afghanistan, Press TV reports."

NATO helicopter crashes in Afghanistan; 2 coalition troops injured
A quote...."17 Jul 2012 A NATO helicopter crashed Wednesday in western Afghanistan, injuring two troops serving with the U.S.-led military coalition, NATO said. No other information was disclosed about the crash in the west. The crash is under investigation. Separately, NATO reported that a service member was killed Tuesday during an insurgent attack in the south."

Human Rights Worse After Gaddafi  - "Mission Accomplished !!" - Article also posted at ICH
A quote...."TRIPOLI, Jul 14 2012 (IPS) - “The human rights situation in Libya now is far worse than under the late dictator Muammar Gaddafi,” Nasser al-Hawary, researcher with the Libyan Observatory for Human Rights tells IPS. -- Hawary showed IPS testimonies from families whose loved ones have been beaten to death in the custody of the many militias that continue to control vast swathes of Libya."

Behind US-Backed Attacks, Humanitarian Crisis Soars in Yemen
A quote...."In countries like Syria, the humanitarian crisis coming with the ongoing fighting between regime and rebels has fueled condemnation from Western nations and demands for more aggressive action. Not so in Yemen."

Egyptian workers mount mass strikes against US-backed junta
A quote...."Since the beginning of the week, a new wave of strikes and protests has spread over Egypt. Textile workers are on strike in the Nile Delta town of Mahalla al-Kubra, in Alexandria and in the coastal governorate of Daqaliya."

The Scramble for the Horn of Africa - Ethiopian Regime Crumbles: Enter CIA
A quote...."With its foundations irreparably cracked and its edifices of power crumbling the Ethiopian regime headed by Meles Zenawi is turning more and more to the CIA to make the critical decisions in the ministries of power in the capital Addis Ababa."

"There Were No Warnings" Indian Fishermen Killed By US Navy - posted at ICH
A quote...."July 17, 2012 "The National" -- DUBAI -- Three injured Indian fishermen, Muthu Muniraj, 28, Muthu Kannan, 35, Pandu Sanadhan, 26, were recovering at the Rashid Hospital this morning, a day after the US navy opened fire on their fishing boat 16 kilometres off the Jebel Ali coast."

Christine Lagarde and Nicolas Sarkozy embroiled in new corruption inquiry
A quote...."The pair already face allegations that Miss Lagarde, the head of the International Monetary Fund (IMF), authorised a £270 million payout to a prominent supporter of the former French president when she was his finance minister."

Court order prevents BBC from broadcasting film about riots
British Censorship - A quote...."The BBC has pulled a film about the experiences of rioters during last summer's disturbances just hours before it was due to be broadcast after a ruling from a judge. The film, due to be broadcast on BBC2 at 9pm on Monday, was a dramatisation based on the testimony of interviews conducted for the Guardian and London School of Economics research into the disorder."

Kenyans WERE tortured under our rule, says UK: Lawyer's admission as three Mau Mau survivors tell of horror
A quote...."Ministers issued a dramatic confession yesterday that prisoners were tortured and sexually abused under British colonial rule in Kenya."

• Thought to be first public declaration by Government that brutality occurred
• Admission comes as three elderly Kenyans seeks damages in the High Court
• Could open floodgates for thousands of survivors to sue Britain for millions

Next American woman heads for space -- on this Russian rocket
A quote...."Now, here's some real Obama outsourcing. -- This morning, Kazakhstan time, the next mission to the International Space Station successfully blasted off carrying the usual trio -- a Russian commander, an astronaut from the international community and an American in a seat rented by NASA since the retirement of the last U.S. space shuttle a year ago this month."

A Progressive President of Paraguay Was Never in the CIA’s Cards
A quote...."The recent «institutional coup» against President Fernando Lugo of Paraguay reflects a long-standing desire by the U.S. Central Intelligence Agency (CIA) to prevent any candidate not reflecting the policies of Paraguay’s entrenched oligarchy from ever attaining the presidency of that nation."
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More On The Palestinian Situation....

Report: Clinton assures Israel Mursi will keep Gaza closure - Of course! - mpg
A quote...."JERUSALEM (Ma'an) -- US Secretary of State Hillary Clinton told Israeli officials during her visit to the country on Monday that the new Egyptian president had promised her he would not end the closure of the Gaza Strip, an Israeli news site said."

West Bank home demolished by Israel is rebuilt
Photo Essay -- A quote...."Six months after Israeli bulldozers demolished the house of Salim and Arabiya Shawamreh, Palestinian workers, Israeli activists, and international volunteers gathered to celebrate their successful efforts to rebuild it."

95 Days of Hunger Strike: Act Now to Save Akram al-Rikhawi’s life!
Action Alert - A quote...."Akram al-Rikhawi has now been on hunger strike for 95 days. He is the longest serving hunger striker anywhere in the world.  He is suffering from numerous medical conditions...."

Palestinian Village in Blackout
A quote...."A Palestinian village which is completely cut off from the West Bank by the illegal Israeli separation barrier has been without electricity for ten days. Mechanics required to repair their only generator require special permission from the Israeli military to enter the enclave."

Village South of Hebron Celebrates Nonviolent Resistance
A quote...."The fifth annual festival of nonviolent popular resistance was celebrated by Palestinians in the village of Um Fagarah in the hills south of Hebron on Saturday according to Ma’an news."

Attacks in the “bufferzone” and their consequences
A quote...."Preventing Palestinians from access to their land, and fishing areas, violates numerous provisions of international human rights law, including the right to work, the right to the highest attainable standard of living, and the right to the highest attainable standard of health. Enforcing the “buffer zone” by means of live fire often results in, inter alia, the war crimes of direct targeting of civilians and indiscriminate attacks."
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Amerika's FrankenFood Disaster, Vaccine Cover-Up & The Monsanto Monster....

Glaxo whistleblower goes public with shocking details of bribery, marketing fraud and other pharma crimes
A quote...."(NaturalNews) GlaxoSmithKline employee and whistleblower Blair Hamrick has helped make medical history. Together with his colleague Gregory Thorpe, Blair blew the whistle on criminal practices taking place inside GlaxoSmithKline which have now led to the largest criminal admission and financial settlement in the history of western medicine. GSK is paying a $3 billion fine while pleading guilty to felony crimes." - also posted at PrisonPlanet

Monday July 16th 2012

No posts. - mpg

Sunday July 15th 2012

War Is Betrayal - Persistent Myths of Combat
Must Read - Quote of the Day...."We condition the poor and the working class to go to war. We promise them honor, status, glory, and adventure. We promise boys they will become men. We hold these promises up against the dead-end jobs of small-town life, the financial dislocations, credit card debt, bad marriages, lack of health insurance, and dread of unemployment. The military is the call of the Sirens, the enticement that has for generations seduced young Americans working in fast food restaurants or behind the counters of Walmarts to fight and die for war profiteers and elites. -- The poor embrace the military because every other cul-de-sac in their lives breaks their spirit and their dignity."

To Die For A Story: The 9/11 Cult, The Obama Cult, And The Usurpation of Reality
Must Read - A quote...."If the insane governments in Washington, London, Tel Aviv, and Riyadh succeed in toppling Assad through media manipulation, terrorism, and intervention then they will turn their demonic war machine towards Iran. -- No rational and honest person can deny the reality that USrael's pursuit of hegemony is the greatest threat to international peace and global security in this century."  ---  "In essence, the governments of the United States and Israel have usurped reality and hold the world hostage to their dictates. They are seeking to bring an end to the world as we know it, but the new world they have in mind is one in which they are the unquestioned gods of the earth. Since their false flag operation on 9/11 they have waged an illegal global war on international law, human rights, democracy, individualism, civil society, and freedom of speech." - also posted at PrisonPlanet
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Hillary's Second Staged "Massacre"
07-15-12
mpg

Hillary Clinton Must Resign
Must Read - Second Quote of the Day...."What US Secretary of State Hillary Clinton attempted to do, was propose a UN Security Council resolution authorizing military intervention (and by consequence, long sought after regime change), then used fabricated reports to sell the resolution in the court of global public and diplomatic opinion. It constitutes an overt crime against peace, and conspiracy to wage aggressive war - both Nuremberg offenses." - bold by website editor - also posted at GlobalRsrch



BOMBSHELL: Defected Syrian Ambassador Admits Role in Killing US Troops
Contains Video - A quote...."In Telegraph interview, Western-coddled Nawaf Fares admits he organized "Jihadi units" to fight US troops in Iraq." - also posted at ICH

After U.S. Uproar, Another Syrian “Civilian Massacre” Story Falls Apart
Special Note - Related Article - A quote...."Yet another alleged "massacre" of "civilians" by the Syrian regime was in the establishment-press headlines this week, supposedly a brutal killing spree by dictator Bashar al-Assad’s forces in the village of Tremseh that left up to 250 people dead. As has become typical, Western governments and mainstream media outlets — the New York Times, the BBC, and others included — parroted anonymous “opposition activists” for the claims. But within days, after foreign powers seeking regime change had their chance to beat the war drums even louder, the carefully constructed tale was already falling apart."

Tremseh "Massacre" Was A Legitimate Military Operation
A quote...."The massacre accusations came just in time for another UN meeting on Syria. But according to the Syrian government the incident was much different from what the insurgents claimed. It had received some intelligence about specific places in Tremseh where foreign supported FSA insurgents gathered and prepared for new attacks. It took the initiative and in the early morning of Thursday raided those places and captured or killed most of the insurgents and their weapons there." -- Again this was a VICTORY for the Syrian army, the Syrian people should be proud of the actions taken by their army in defense of their country against outside forces.  - mpg
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More Tales From the Zio-Sphere....

The Senate (Including Rand Paul) Vote to Extend $9 Billion in Loan Guarantees for the Benefit of Israel
Almost every member of the United States legislature is a bought and paid for shill of the AIPAC/Israeli Consortium. - mpg -- A quote...."The House passed their version [H.R.4133] on May 9, pledging unlimited loyalty and riches to our "special friend" Israel, with only two congressman dissenting- Ron Paul and Democrat John Dingell of Michigan. -- The U.S. Senate passed their version on Friday June 29, 2012. Known in the Senate as S.2165, the measure guaranteed an astonishing $9 billion dollars in loans to Israel (plus all fees and interest!) in addition to giving "military assistance- stockpiles of defense articles" valued at $200 million for 2013 and $200 million for 2014."

Theft of a Nation  - posted at ICH
A quote...."July 15, 2012 "Information Clearing House" -- A recent story from a small American town in Pennsylvania reported a bank robbery by a 35-year-old who allegedly held up a Citizens Bank branch. - Bank robbers, when caught, are tried in court and sent to jail. Those who steal from others, whether a purse snatcher or car thief, get tried for theft and punished. - From the Ten Commandments of the Bible's Old Testament to the verses of the Quran, stealing is prohibited. - However, punishment for violating the "Thou shalt not steal" rule isn't always applied to all thieves, under all circumstances, everywhere. - In Israel, the theft of Palestinian property including homes and farmland is a common everyday occurrence. Plundering has been a daily manoeuvre for many years, inspired by David Ben-Gurion."

The Homeland Security Program Made for Jewish Non-Profits
A quote...."During one three-year period (2007-2010), Jewish groups received 73% of DHS’ Nonprofit Security Grant Program (NSGP) awards. This share grew larger in 2011 (80%) and still larger in 2012 (97%)." - also posted at AlethoNews -- The Jewish Community makes up a little over 2% of this nation's population.  Two percent of the people, ninety seven percent of the money.  That's WAY better than the ratios of South African disparity during the apartheid era.  It turns out we're not Palestinians after all!  Instead we're Kaffir-Goyum slaves! - mpg

US Military analyst: Israel might pull out a false flag attack in London and blame it on Iran
PRSTVideo - Alt - (PRSTVYuTb - 5min51sec - Jul 13, 2012) - Source:  undercoveralien - Producer:  PressTVYuTb -- Unlikely, because everyone expects it.  It's sort of like the financial markets used to be, if everybody's on one side of a trade, the opposite is most likely to happen. - mpg -- A quote...."(Youtube) – The Iranian network Press TV published an interview on its website, with the US Military analyst Gordon Duff, who says he has highly credible information that Israel might pull out a false flag attack during the London Olympics and blame it on Iran, to push the US into war with the Persian country. In the same day that Press TV published it, Sky News released a video interviewing an insider at G4S firm, who says the private security of the London Olympics is a joke and there’s a 50% chance of deadly weapons get snuck into the Olympic village."

The Rape of Greece by (Jewish) Bankers
A quote...."After suffering through nearly five years of a very severe recession, the worst is yet to come for the Greek people. According to consensus estimates it will take twelve years for the Greek economy to regain its pre-recession output."

Criminalizing Dissent in Israel
A quote...."Netanyahu’s government is its most extremist ever. Fundamental freedoms are threatened. - Repressive Knesset bills target speech, assembly, association, and the right to dissent."

Canada’s Effort to Criminalize Criticism of Israel
ZOG Warning - (Zionist Occupied Government censorship alert) - Canada is RAPIDLY losing their government and becoming a Zionist occupied colony similar to the US-NRE.  It's a slower process than Harper wanted.  He was set to become dictator of Canada in 2010 due to his probable participation in what undoubtedly was an Israeli sponsored and planned false-flag attack against Canada's 2010 Winter Olympics.  Luckily, for whatever reason, it did not occur.  By the way, this attempted crime caused the ONLY "False Flag Red Warning & Red War Warning" ever to be posted to this website since it was established in May 21 2006.   - mpg

Stifling Free Speech [In The US] As A Way Of Helping Israel
ZOG Warning - (Zionist Occupied Government censorship alert) - A quote...."July 14, 2012 "Information Clearing House" -- Our message was simple: "Tell Congress: Spend Our Money at Home, Not on the Israeli Military." -- We wanted people to understand how their tax dollars are spent. We contracted with CBS Outdoor for a 28-day campaign of 23 billboards. They erected them in Los Angeles and surrounding cities in June, and we thanked them publicly for allowing free speech. -- However, a week later, CBS Outdoor took down all our billboards, telling us laughably that our applauding them for allowing free speech was tantamount to their endorsement of our message. They wanted us to take our money and go away quietly. But we decided otherwise."

"To learn who rules over you, simply find out who you are not allowed to criticize." -- *Voltaire*
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More on the Domestic Situation.....

FDA spied extensively on its scientists’ private emails
A quote...."The Food and Drug Administration carried out a broad spying operation on some of its own scientists’ private emails, creating something akin to an enemies list of employees who had complained to Congress, journalists and others, according to documents uncovered by the New York Times." - Source:  RawStory

Obama Gives DHS Authority To Sieze ALL US Communications
A quote...."(RussiaToday) – President Obama admits last weeks executive order gave the DHS authority to seize all public, private and commercial communication systems. -- The White House has finally responded to criticism over US President Barack Obama’s hushed signing last week of an Executive Order that allows the government to command privately-owned communication systems and acknowledges its implications."

Get Internet Access When Your Government Shuts It Down
Net Tech Alert - Action Alert - Related Article -- A quote...."(WakingTimes) – Does your government have an Internet kill-switch? Read our guide to Guerrilla Networking and be prepared for when the lines get cut." - Source:  WakingTimes

Preparing for Civil War: Chart Shows DHS Has Bought Hundreds of Millions of Rounds of Ammo Since 2009
Data Table -- A quote...."In the last six months many articles and reports have been written that detailed the hundreds of millions of rounds of ammunition that the Department of Homeland Security has purchased since Obama took office in 2009...."

Bohemian Grove: Orgy of Power for Global Elite
RTVideo - Alt - (RTYuTb - 2min20sec - Jul 13, 2012) - Source:  RTAmerica -- A quote...."(RussiaToday) – For the last 133 years, the world’s wealthiest and most powerful elite gather at the Bohemian Grove in the Redwood forest of Monte Rio, CA where they network, discuss policy, party and perform mock sacrificial rituals. Yet, little people know about this secretive meeting of CEOs and political bigwigs because there is virtually no media coverage of the event. So what is really happening at the Bohemian Grove? RT correspondent Abby Martin sets out to find out for herself."

Gary Johnson and Supporters Protesting Media Blackout Outside CNN Headquarters
2012 Election Cycle - A quote...."Johnson’s campaign is pretty solid proof of media favoritism towards Republicans and Democrats.  Gary Johnson served 2 terms as a Republican Governor of New Mexico.  He cut the state’s budget surplus, vetoed 200 bills in his first six months, and never increased taxes.  How more “mainstream” and successful can the man get?  Like him or dislike him, the media should be covering Johnson as the serious candidate he is for President of the United States."

Ry interviews Ken Sonola Part 1 of 3 - [Parts 2 & 3 of 3]
Ry2SVideo - (Ry2SVimeo - 42min/2hrs - Jul 15 2012) - Source:  Ry2S@Vimeo - Related:  Rys2senseYuTb - Related:  Rys2senseAntiNeocons -  Ryan Dawson sitting in for Michael Rivero discusses the ongoing crimes of empire and many other issues. - mpg

Joshua Blakeney & Ryan talk 911 on WRH
Must View Ry2SVideo - (Ry2SVimeo - 46min59sec - Jul 15 2012) - Source:  Ry2S@Vimeo - Related:  Rys2senseYuTb - Related:  Rys2senseAntiNeocons -- A quote...."Instability in the Middle East favors an Israeli centric policy which is not beneficial to American interests. Strong but stable states run by that can keep the flow of oil and gas reliable are in US imperial interests, destabilized quagmires hurt the entire world in terms of energy but are a benefit to Likudnik dreams of greater Israel weakening Hezbollah in Lebanon, Hamas in Palestine and their supporters, Syria, Iraq and Iran. By the way this video was rejected by youtube." - Topix ||  Reficultnias's 9/11 Central  ||
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The Anglo-Euro-Banks Credibility Crisis Deepens....

Keiser Report: Fraud Race (E314)
RTVideo - (RTYuTb - 25min45sec - Jul 14, 2012) - Source:  RussiaToday - Producer:  MaxKeiserTV - Related:  MaxKeiserCom - Related:  MaxOnTwitter - (RussiaToday) -- A quote...."In this episode, Max Keiser and co-host, Stacy Herbert, discuss the mainstream media joining the 'hang bankers' bandwagon, as it becomes increasingly obvious that the space race has been replaced with a fraud race and getting your Series 7 broker's license makes stealing a risk-free business proposition. In the second half of the show, Max talks to analyst and newslettter writer, Rob Kirby of Kirby Analytics, about the derivatives complex as a price control grid and about the fact that every time the JP Morgan monster needs a feeding, something must die."

27 Things That Every American Should Know About The National Debt
A quote...."$15,876,457,645,132.66 from future generations of Americans, and we continue to add well over a hundred million dollars to that total every single day day.  The 15 trillion dollar binge that we have been on over the past 30 years has fueled the greatest standard of living the world has ever seen, but this wonderful prosperity that we have been enjoying has been a lie.  It isn't real.  We have been living way above our means for so long that we do not have any idea of what "normal" actually is anymore.  But every debt addict hits "the wall" eventually, and the same thing is going to happen to us as a nation." - also posted at PrisonPlanet & 9/11InsdJob

New Fraud Inquiry as JPMorgan’s Loss Mounts
Haaaaa, haaaaa, haaaa.  It ain't over till the fat lady sings, and she ain't sung yet! - mpg -- A quote...."JPMorgan Chase disclosed on Friday that losses on its botched credit bet could climb to more than $7 billion and that the bank’s traders may have intentionally tried to obscure the full extent of the red ink on the disastrous trades." - bold by website editor

New York Fed Knew of False Barclays Reports on Rates
A quote...."The Federal Reserve Bank of New York learned in April 2008, as the financial crisis was brewing, that at least one bank was reporting false interest rates." - Source:  NYT - (The New York Times, behind the times....as usual. - mpg)

Libor: They all knew – and no one acted
A quote...."Regulator’s claim[s they] knew nothing thrown into doubt as documents show authorities were told of rate-rigging in 2008."

Banking inquiry a whitewash, says [British] MP
A quote...."Two of the Commons' toughest financial inquisitors were excluded from the parliamentary inquiry into the Libor rate-fixing scandal yesterday, prompting claims of a "whitewash"."

Deutsche Bank Turns Sides, Becomes Rat For The Liebor Prosecution
A quote...."Escalation. The inevitable collapse of the Prisoner's Dilemma that kept the LIBOR contributors together is occurring rapidly. After Barclays' forced admission and initial fine, the 'he-who-defects-first-wins' strategy has been trumped by Deutsche Bank as they turn all 'Donnie Brasco' on their oligopolistic peers. As Reuters reports this morning "The bank last year obtained the status of being a witness for the prosecution in the EU and in Switzerland," and "as a result of that, the bank could get a lighter penalty if a punishment is imposed," though of course this does not mean they are admitting guilt (sigh)."

How the Inventors of Dragon Speech Recognition Technology Lost Everything
Full quote...."James and Janet Baker were the inventors of Dragon Systems speech recognition software, and after years of work, they created a multimillion dollar company. At the height of the tech boom, with investment offers rolling in, they turned to Goldman Sachs for financial advice. For a five million dollar fee, Goldman hooked them up with Lernout & Hauspie, the Belgium speech recognition company. After consultations with Goldman Sachs, the Bakers traded their company for $580 million in Lernout & Hauspie stock. But it turned out Lernout & Hauspie was involved in cooking their books and went bankrupt. Dragon was sold in a bankruptcy auction to Scansoft, and the Bakers lost everything. Goldman and Sachs itself had decided against investing in Lernout & Hauspie two years previous to this because they were lying about their Asian sales. The Bakers are suing for one billion dollars."

The Earnings Lie Explained
07-15-12
mpg

And Now Back To Reality And The Impossible Earnings Season Stepfunction
Chart - (click to enlarge) - Special Note - A quote...."Why [is] the third quarter [going to be the test]? Simple: as Goldman's David Kostin explains, "consensus now expects year/year EPS growth to accelerate from 0% in 2Q, to 3% in 3Q to 17% in 4Q." Sorry, but this is not going to happen, and as more and more companies preannounce on the back of the global slowdown which many has seeing US GDP down to 1.3% in Q2, and sliding further in Q3 absent some massive QE program out of the Fed it is virtually guaranteed that the unchanged Earnings precedent that Q2 will set (and there is a very high probability that Q2 2012 will mark the first YoY drop in earnings since the unwind Great Financial Crisis) will continue into Q3 and likely Q4." - bold by website editor


Euro tumbles as Asian funds shun EU chaos
Related Article - A quote...."The single currency has been sliding relentlessly since the European Central Bank cut its discount rate to zero last week, triggering an exodus of money market funds, but has now broken key resistance levels watched by technical analysts. -- It tumbled to 0.7882 against sterling today, the lowest since late 2008, overpowering efforts by the Bank of England to weaken the pound with its latest £50bn burst of quantitative easing." - bold by website editor

After Creating Dollar Exclusion Zones In Asia And South America, China Set To Corner Africa Next
Dollar Alert - A quote...."By now it really, really should be obvious. While the insolvent "developed world" is furiously fighting over who gets to pey the bill for 30 years of unsustainable debt accumulation and how to pretend that the modern 'crony capitalist for some and communist for others' system isn't one flap of a butterfly's wings away from full on collapse mode, China is slowly taking over the world's real assets. As a reminder: here is a smattering of our headlines on the topic from the last year...."

• World's Second (China) & Third Largest (Japan) Economies To Bypass Dollar....
  
• China, Russia Drop Dollar In Bilateral Trade
• China And Iran To Bypass Dollar, Plan Oil Barter System
• India and Japan sign new $15bn currency swap agreement
• Iran, Russia Replace Dollar With Rial, Ruble in Trade, Fars Says
• India Joins Asian Dollar Exclusion Zone, Will Transact With Iran In Rupees
• The USD Trap Is Closing: Dollar Exclusion Zone Crosses The Pacific As Brazil Signs China Currency Swap
• Chile Is Latest Country To Launch Renminbi Swaps And Settlement
• Central bank pledges financial push in Africa

Italy eyeing public asset sale to slash debt
The European countries are selling their past right now, soon, very soon, it will be their children's and grand children's futures. - mpg -- A quote...."Italy's new finance minister said the government could raise up to 20 billion euros a year in public asset sales, and accused the markets of failing to recognise Rome's efforts to bring its finances in order. -- Vittorio Grilli, who was appointed just last week, also lashed out at rating agencies, in comments to the Corriere della Sera published Sunday in the wake of the decision by Moody's to downgrade Italian debt."

Chinese economy slows to three-year low
Posted to make it clear that China is not going be able to "rescue" the "Euro-Zone" anytime soon. - mpg -- A quote...."Conflicts are continuing within the Chinese Communist Party (CCP) regime over moves to stimulate the sharply slowing economy. The latest growth figure—7.6 percent, on an annualised basis, in the June quarter—is the lowest in three years, and down from 8.1 percent in the March quarter."
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More On The International Situation....

Bashar Assad - "UN Want Peace Plan To Fail" Syria - posted at ICH
Video - Alt - (YuTb - 18min52sec - Jul 13, 2012) - Source:  chasingthetruths -- A quote...."Syrian President Bashar al-Assad discusses the major issues in his country and manipulations by outside forces in an interview with German television."

Syria: ‘FSA ziothugs murder 17 Palestinian fighters
Torture, murder and war crimes galore.  Mercenaries for hire just copying their sick, psychotic, masters in....Tel Aviv, Washington DC and Riyadh. - mpg -- A quote...."The Palestinian Islamic Resistance, Hamas, condemned on Thursday, the kidnapping, torture and murder of 17 soldiers of Palestinian Liberation Army (PLA) by the Zionist collaborators, the Free Syrian Army (FSA) armed thugs. It looks [like] Hamas leaders are learning their mistake of betraying their long-time ally, the Assad regime in Syria." - also posted at AlethoNews

Russia ready for showdown with UK over arms being transported to Syria in cargo ship
A quote...."Russia is heading for a diplomatic stand-off with Britain over a cargo ship carrying helicopter gunships destined for Syria, which is accompanied by the Russian navy. -- The Russian MV Alaed, which is transporting three Mi-25 attack helicopters and air defence systems, is sailing south of Norway followed at a distance of 50 nautical miles by the four navy ships."

The West ["Trinity of Evil"] "inflaming sectarian tensions" in Syria
A quote...."What you do have is countries divided into sectarian, ethnic, religious groups and that means that, as we can see in Syria today, you have a Sunni uprising against the Alawite regime. When the Sunnis come to power they will of course massacre or drive away the Alawites and Ismailis, and the Christians and so on."

Egyptians pelt Clinton motorcade with tomatoes, bottles
A quote...."On Sunday, a large number of demonstrators gathered outside the US consulate in the city to denounce Washington’s interference in their country's internal affairs, Reuters reported. -- "We are, first of all, opposed to the American visit to Egypt. Why? Because they (Americans) are trying to pressure on the new presidential institution. And we fundamentally cannot accept any interference in Egyptian affairs," a protester said. -- Similar protests were also held outside Clinton's hotel in Cairo on Saturday night."

Saudi Arabia condemns Russian comments on human rights
A quote...."DUBAI (Reuters) — Saudi Arabia on Saturday condemned comments by Russia's human rights envoy on the situation in the kingdom as "hostile" and an unjustified interference in the kingdom's internal affairs, the Saudi state news agency reported. -- The rare public exchange appeared to reflect tensions over the 16-month-old uprising in Syria where Russia has resisted introduction of Western and Arab-backed sanction against President Bashar Assad." - Source:  Reuters@Ma'an

'Extremism to grow in Spain, Italy, France as banksters & police confront protests'
RTVideo - (RTYuTb - 5min43sec - Jul 14, 2012) - Source:  RussiaToday - A quote...."US Secretary of State Hillary Clinton arrived in Egypt for her first talks with the country's newly-elected Islamist President, Mohammed Morsi.She says she's there to push for a completion of post-revolution change in the country and for economic restoration. For more RT talks to Middle East expert and independent journalist, Larry Everest."

AU summit opens in Ethiopia to discuss the African hotspots
A quote...."A two-day summit of African Union (AU) leaders has opened in the Ethiopian capital city of Addis Ababa in a bid to discuss the continent’s trouble spots."

Paraguay: US Sponsored "Soft Coup"
A quote...."The US also supported a 2009 coup that overthrew elected Honduran president Manuel Zelaya, who had raised the minimum wage paid by US corporations in the textile industry and blocked privatisations. In the past decade, it has also been implicated in failed coup attempts against elected governments in Venezuela, Bolivia and Ecuador. - However, whether the key movers were the Paraguayan oligarchs or US forces is a secondary consideration. The US state and US corporations operate through local intermediaries — the Paraguayan oligarchy — and have made no effort to conceal their intentions to use the recent coup to advance their agenda."

Spectacular Launch: Soyuz takes new crew to ISS
RTVideo - (RTYuTb - 1min12sec - Jul 15, 2012) - RussiaToday -- A quote...."A Soyuz spacecraft carrying the next crew for the International Space Station has successfully blasted off from the Baikonur cosmodrome. The international team will spend about four months in orbit. The details from RT's Thabang Motsei in Kazakhstan."

Georgian Opposition Leader Calls for Improved Ties with Russia
A quote...."The billionaire leader of Georgia's opposition coalition, Bidzina Ivanishvili, has called for the normalization of relations between Tbilisi and Moscow which remain tense since the August 2008 war over South Ossetia."
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Amerika's FrankenFood Disaster, Vaccine Cover-Up & The Monsanto Monster....

India: Paralysis cases soar after oral polio vaccine introduced
More than 47,000? - mpg -- A quote...."A new report by two Delhi pediatricians suggests that the sharp rise in childhood paralysis in India is due to the increased usage of the oral polio vaccine, a drug that was banned in the U.S. over a decade ago. -- r. Neetu Vashisht and Dr. Jacob Puliyel of St. Stephens Hospital created the report after analyzing data from India’s 10-year-old National Polio Surveillance Project, which is available online. Their findings, which were published in the Indian Journal of medical Ethics, revealed that rates of non-polio acute flaccid paralysis (NPAFP) have increased 1200% since the oral polio vaccine was introduced to India a decade ago."

The Face of Fracking Victims (Moving and Powerful Video)
Contains Video - Alt - A quote...."Very often when we in the alternative media cover events, we speak in the abstract of the horrors against "humanity."  It is more rare, however, that we are able to focus on individual human beings and their personal horrors from being subjected to the fallout of non-human institutions like banks, corporations and bureaucratic government institutions."

Saturday July 14th 2012