Filed Under Exponential … The US Debt Limit Charts

Filed Under Exponential (ZeroHedge, July 31, 2011):

By now everyone has seen this, as it has been posted on Zero Hedge about n+1 times. And if the haven’t, they should.

They should also see this. We will shortly update where this chart will be by the 2012 election, somewhere around 120% of GDP.

And for those requesting it, here again is the log scale chart.

Source: NYT

And Now … Libyan Rebel Commander Killed By Allied Militia

Before:

The New Libyan Rebel Leader Spent The Past 20 Years In Suburban Virginia:

WASHINGTON – The new leader of Libya’s opposition military spent the past two decades in suburban Virginia but felt compelled — even in his late-60s — to return to the battlefield in his homeland, according to people who know him.

Khalifa Hifter was once a top military officer for Libyan leader Moammar Gadhafi, but after a disastrous military adventure in Chad in the late 1980s, Hifter switched to the anti-Gadhafi opposition. In the early 1990s, he moved to suburban Virginia, where he established a life but maintained ties to anti-Gadhafi groups.

Late last week, Hifter was appointed to lead the rebel army, which has been in chaos for weeks. He is the third such leader in less than a month, and rebels interviewed in Libya openly voiced distrust for the most recent leader, Abdel Fatah Younes, who had been at Gadhafi’s side until just a month ago.


Libyan rebel commander killed by allied militia (Reuters, July 30, 2011):

Libyan rebels say the gunmen who shot dead their military chief were militiamen allied in their struggle to overthrow Muammar Gaddafi, raising questions about divisions and lawlessness within rebel ranks.

The assassination of Abdel Fattah Younes, apparently by his own side, has hurt the opposition just as it was winning broader international recognition and launching an offensive against Gaddafi’s forces in the Western Mountains.

After 24 hours of confusion, rebel minister Ali Tarhouni said Younes had been killed by fighters who were sent to fetch him from the front and his bullet-riddled and partially burned body was found at a ranch near the rebel capital of Benghazi.

Read moreAnd Now … Libyan Rebel Commander Killed By Allied Militia

Globalism Explained By A Globalist: Anne-Marie SLAUGHTER Explains The New World Order

- The Globalist Imperial Network, As Explained by a Globalist (Activist Post, July 30, 2011):

Bangkok, Thailand July 30, 2011 – The mechanics of world empire, in particular the current corporate-financier oligarchy has been examined in great detail. The US State Department, supporting NGOs funded directly by both US taxpayers’ money as well as funds from the Fortune 500 corporations they serve, alone constitute a global-spanning, incessantly meddling homogeneous network working to undermine both personal and national sovereignty while replacing national governments around the world.

Photo: Globalist warmongering degenerate Anne-Marie Slaughter makes her rounds at the Fortune 500-funded Chatham House. She is the author of the book “A New World Order” and believes foreign policy should be shifted into the unelected, unaccountable hands of corporations, foundations, and NGOs.

This is far from a conspiracy theory – it is stated fact admitted to by the US State Department itself who regularly announces its funding of subversive activities around the globe from training, equipping, and funding hordes of youth activists years before the “Arab Spring” unfolded, to helping dupes in China circumvent national cyber defenses, to forming brigades of youth fodder to take to the streets in Belarus and Malaysia, to propping up pro-globalist propaganda outlets like Prachatai in Thailand.

Perhaps sensing that the secrecy and public ignorance the global elite have been operating behind for decades is now fading, globalist footstool and degenerate warmonger Anne-Marie Slaughter has written a sweeping essay openly admitting “foreign policy” is moving beyond governments and being put into the hands of unelected organizations, corporations, NGOs, and “social movements.” By social movements, Slaughter cites and apparently is referring to the “Arab Spring” which is on record the result of US meddling and organizing, and nothing close to resembling true grassroots activism. It is merely the latest trick out of the social engineering, human exploitation, propagandist playbook.

Slaughter’s admissions should send shivers down the spines of anyone who believes in a constitutional representative government, personal and national sovereignty, and freedom in general – for the world Slaughter proposes is one run by unaccountable, self-appointed arbiters, the likes of which have been covered ad nauseum within these pages. Self-serving hypocrisy has already rendered contrived institutions like the International Criminal Court illegitimate, as it turns its head at documented war crimes committed by Libyan rebels while pursuing in earnest cases against Libya’s Qaddafi based on evidence not even collected within the nation itself.

As we peel back the layers of Slaughter’s vision of the “new foreign policy frontier,” we see nearly every institution, organization, NGO, or consortium mentioned lined with Fortune 500 corporate sponsors and representatives pursing an agenda of global economic and military hegemony. No one would suggest that manipulating people on a massive scale, leveraging legitimate ideals such as democracy, human rights, or freedom to further a corporate-financier oligarchy’s agenda constitutes anything progressive, nonetheless, Slaughter seems to believe this is not only the future of foreign policy, but an appropriate future at that.

Image: The cover of globalist, degenerate warmonger Anne-Marie Slaughter’s book “A New World Order.” Slaughter believes the future belongs to “global networks” which upon closer examination are all chaired, funded, and directed by the Fortune 500.

….

It should be noted that Slaughter has sat upon the boards of Fortune 500 corporations McDonald’s and Citigroup as well as a Council on Foreign Relations board member. She is the author of a book literally titled, “A New World Order” whose catch line is “Global governance is here.” In it she argues that such governance is done through “a complex global web of government networks.” Upon examination it is obvious to anyone who looks into these “networks” that they represent the Fortune 500, answer to no one, and apply the rule of law as an arbitrary reflection of their self-serving interests subject to change upon a political whim. Despite Slaughter’s enthusiasm for a “New World Order,” in reality it is the recipe for a corporate fascist planetary regime and constitutes the greatest threat to humanity.

The New Foreign Policy Frontier

Read moreGlobalism Explained By A Globalist: Anne-Marie SLAUGHTER Explains The New World Order

GE Alfalfa Planting Brought To You By Incompetence

See also:

Farmer To Farmer: The Truth About GMO Crops (Documentary)


Incompetence Sets A Precedent- GE Alfalfa (MORPHcity, July 29, 2011):

The USDA, FDA and EPA favor corporations over human health and the environment, especially when it comes to genetically engineered (GE) organisms.

Contemporary law is no longer based on the Constitution and common law, but has been replaced by case law precedents.  The GE alfalfa case (Forage Genetics and Monsanto v Geertson Seed Farms) is disturbing because it appears that a dangerous precedent has been set.

Alfalfa is a perennial plant that lives more than 2 years, so it is especially prone to contamination.  The USDA deregulated or allowed open, restriction-free planting of of GE alfalfa on January 27, 2011.  The Center for Food Safety (the lawyers opposing Monsanto and Forage Genetics) filed  a lawsuit on March 19, 2011, and the case will not be heard until December 2011.

GE alfalfa has been allowed to be planted openly since Spring 2011 and will contaminate conventional and organic alfalfa fields as well as polluting the organic dairy and meat markets because it is used primarily for animal feed. GE alfalfa is pointless because over 90% of alfalfa grown in the US needs no herbicide, so the purpose of GE alfalfa appears to be the contamination of natural alfalfa for profit and to create a monopoly as alfalfa is the 4th largest crop in the US.

An overwhelming amount of incompetence surrounds this case.

TIMELINE OF EVENTS:

Read moreGE Alfalfa Planting Brought To You By Incompetence

And Now … Goldman Sachs Caught Manipulating Aluminum Prices, Stockpiles About 25% Of Global Inventories In Warehouses

See also:

Goldman Sachs Bet Against Entire European Nations – Who Were Clients – the Same Way It Bet Against Its Subprime Mortgage Clients


Goldman’s new money machine: warehouses (Reuters, July 29, 2011):

In a rundown patch of Detroit, enclosed by a cyclone fence and barbed wire, stands an unremarkable warehouse that investment bank Goldman Sachs has transformed into a money-making machine.

The derelict neighborhood off Michigan Avenue is a sharp contrast to Goldman’s bustling skyscraper headquarters near Wall Street, but the two operations share one important element: management by the bank’s savvy financial professionals.

A string of warehouses in Detroit, most of them operated by Goldman, has stockpiled more than a million tonnes of the industrial metal aluminum, about a quarter of global reported inventories.

Simply storing all that metal generates tens of millions of dollars in rental revenues for Goldman every year.

There’s just one problem: much less aluminum is leaving the depots than arriving, creating a supply pinch for manufacturers of everything from soft drink cans to aircraft.

The resulting spike in prices has sparked a clash between companies forced to pay more for their aluminum and wait months for it to be delivered, Goldman, which is keen to keep its cash machines humming and the London Metal Exchange (LME), the world’s benchmark industrial metals market, which critics accuse of lax oversight.

Analysts question why London’s metals market allows big financial players like Goldman to own the warehouses which store huge quantities of metal even as they trade the commodity. Robin Bhar, a veteran metals analyst at Credit Agricole in London says the conflict of interest is so acute he wants U.S. and European anti-trust regulators to weigh in.

“I think it makes a mockery of the market. It’s a shame,” Bhar said. “This is an anti-competitive situation. It puts (some) companies at an advantage, and clearly the rest of the market at a disadvantage. It’s a real, genuine concern. And I think the regulators have to look at it.”

Read moreAnd Now … Goldman Sachs Caught Manipulating Aluminum Prices, Stockpiles About 25% Of Global Inventories In Warehouses

Default Or Not Default? GOP Leader: ‘We’re Very Close’ To Debt Deal With Obama – US House Rejects Harry Reid Debt Ceiling Plan

Just playing games so that the people continue to live in the illusion that there exist two different parties in America.

Obama Privately Told The Banksters: We’re Not Defaulting



GOP leader: ‘We’re very close’ to debt deal with Obama (USA Today):

President Obama and congressional Republicans are close to nailing down a debt ceiling deal just two days before a possible government default, negotiators said today.

White House adviser David Plouffe told NBC’s Meet The Press that “we don’t have deal,” but there has been progress and “today is a critical day.”

Over on CNN’s State of the Union, Senate Minority Leader Mitch McConnell, R-Ky, said “we’re very close” and “had a very good day yesterday.”

McConnell had announced Saturday he has been talking with Obama and Vice President Joe Biden about ways to raise the $14.3 trillion debt ceiling that could pass a divided Congress.

Late Attempt at Debt-Limit Deal to Avert Default (Fox News)

White House, GOP discuss potential debt limit pact (AP)

Deal Framework Is Said Reached on Raising U.S. Debt Ceiling (San Francisco Chronicle)

US House rejects Harry Reid debt ceiling plan (Xinhua):

BEIJING, July 31 (Xinhuanet) — The US House of Representatives has voted to reject the debt ceiling plan put forward by Democratic Senate leader Harry Reid. This adds fresh uncertainty to the debt talks gridlock.

The House voted down the measure to lift the debt limit by 2.4 trillion dollars and cut spending by 2.2 trillion dollars over a decade.

In a similar move, 43 Republican Senators said they opposed the Reid debt ceiling plan, saying it failed to alter the spending trajectory that is putting the US economy and national security at risk.

The federal government’s borrowing limit, currently at 14.29 trillion dollars, was reached on May 16. The Treasury Department says the nation will begin to default on its debts unless the Congress agrees to lift the limit by August the second.

Flooding in Niigata and Fukushima Prefectures: More than 400,000 people urged to leave their homes – One dead and five missing


More than 400,000 people were urged to leave their homes amid flooding in Niigata and Fukushima prefectures [AFP]

Floods threaten thousands in northern Japan (Al Jazeera, July 30, 2011):

One dead and five missing as heavy rains burst rivers and dykes in Niigata and tsunami-hit Fukushima prefectures.

Heavy rains have claimed their first victim in Japan, where the government has urged nearly half a million people to leave their homes amid flooding in the northern Niigata and tsunami-hit Fukushima prefectures.

River banks gave way to swollen rivers at several points on Saturday and more than 400,000 people were advised to head to evacuation centres.

As Al Jazeera’s Aela Callan reported from Yasuda city in Niigata prefecture, the worst-hit towns were swamped by water levels that reached as high as 12 metres. But she said the rain had stopped by midday and authorities predicted that the worst of the rains had ceased.

Read moreFlooding in Niigata and Fukushima Prefectures: More than 400,000 people urged to leave their homes – One dead and five missing

Congressman Jason Chaffetz Exposes 25,000 Security Breaches At US Airports, Gets Threatened By DHS (Video)

TSA Threatens Congressman For Disclosing 25,000 Security Breaches (Public Intelligence, July 16, 2011):


YouTube A complete video of the July 13, 2011 hearing in which Rep. Chaffetz discussed the 25,000 breaches.

Homeland Security to Chaffetz: Stop the leaks of sensitive information (Washington Post):

The Department of Homeland Security has complained to Rep. Jason Chaffetz (R-Utah) about what it says was an inappropriate disclosure of sensitive security information to the press by the House transportation panel that he chairs.

In a letter dated Wednesday, a clearly miffed Department of Homeland Security Deputy Counsel Joseph B. Maher told Chaffetz that “sensitive security information” provided to his subcommittee by the Transportation Security Administration was illegally disclosed to the press.

“This document was marked as [Sensitive Security Information],” Maher wrote, “and provided clear notice that unauthorized disclosures of the document violated federal law.”

The letter was obtained by the Washington Post from an administration official.

USA Today and other news outlets reported this week that “newly released” DHS documents revealed 25,000 security breaches at U.S. airports since November 2001.

Maher called the information on past security breaches “a topic of particular interest to our adversaries” and said the law against unauthorized disclosure is designed to protect air travelers.

In an angry response directly to DHS Secretary Janet Napolitano late Friday, Rep. Darrell Issa (R-Calif.), head of the House Oversight Committee, called Maher’s assertions “meritless” retaliation for the committee’s efforts to address “TSA deficiencies.”

Issa called Maher’s letter a “threat to the entire legislative branch that this administration will seek retribution when non-classified information is shared with the public.” Issa denied that the security breach data was classified information. His staff said lawmakers and open-government groups have long debated whether security classifications are often used to hide embarrassing information.

Unbelievable … Canton, Ohio: Swearing Killer Cop Threatens To Kill Citizen (Second Video Emerges)

Second Video Emerges Of Hot-Tempered Canton Police Officer (Pixiq, July 29, 2011):

A second dash cam video has emerged showing Canton police officer Daniel Harless overreacting to finding a gun in a man’s car.

The video is from July 29, 2010, exactly one year ago today.

Like the video that emerged earlier this month (second half of story), Harless can be heard threatening to kill the driver because of the gun that was found.

Unlike the last video, it is not clear whether the driver had a concealed weapons permit.

But the one thing that is clear is that Harless has a very hot temper and does nothing to deescalate a potential violent situation.

Here is just a small sample of what Harless told the man he pulled over.

“Do not move a muscle or I will put you in the grave.”

“I’ll shoot you in the face and I’ll go to sleep tonight.”

The first video to emerge has prompted gun advocate groups to call for Harless’ resignation.

Canton residents also created a Facebook page demanding his removal.