– Anti-Austerity Protests Return To Spain (ZeroHedge, Sep 15, 2012)
Politics
US Orders Embassy Staff To Leave Tunis, Khartoum
– U.S. orders embassy staff to leave Tunis, Khartoum (Reuters, Sep 15, 2012):
WASHINGTON/KHARTOUM – The United States ordered non-essential staff to leave its embassies in Tunisia and Sudan on Saturday after both diplomatic posts were attacked and Khartoum rejected a U.S. request to send a platoon of Marines to bolster security at its mission there.
“Given the security situation in Tunis and Khartoum, the U.S. State Department has ordered the departure of all family members and non-emergency personnel from both posts, and issued parallel travel warnings to American citizens,” State Department spokeswoman Victoria Nuland said in a statement.
From The Last Sane Person At The Fed: ‘More Easing Will Not Lead To Growth, Would Lead To Inflation’
– From The Last Sane Person At The Fed: “More Easing Will Not Lead To Growth, Would Lead To Inflation” (ZeroHedge, Sep 15, 2012):
There are two key sentences which explain why there is now only sane voice left among the FOMC’s voting members (recall that back in December 2011 we explained that more QE was only a matter of time now that the Doves have full control). From Jeffrey Lacker: “I dissented because I opposed additional asset purchases at this time. Further monetary stimulus now is unlikely to result in a discernible improvement in growth, but if it does, it’s also likely to cause an unwanted increase in inflation…. Channeling the flow of credit to particular economic sectors is an inappropriate role for the Federal Reserve. As stated in the Joint Statement of the Department of Treasury and the Federal Reserve on March 23, 2009, ‘Government decisions to influence the allocation of credit are the province of the fiscal authorities.'” That, however, is no longer the case, as the only real branch of ‘government’, accountable and electable by nobody, going forward is that located in the Marriner Eccles building, named ironically enough, for the last Fed president who demanded Fed independence, and who was fired by the president precisely for that reason. It is in this building where the central planners of the New Normal huddle every month, and time after failed time, hope that “this time it will be different” and that wealth can finally be achieved through dilution of money.
How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us
Related info:
– New Bankster Bailout Disguised As QE3
– QE3: Helicopter Ben Bernanke Unleashes An All-Out Attack On The U.S. Dollar
– Marc Faber: ‘Fed Will Destroy The World’ (Video)
“When a country embarks on deficit financing and inflationism (= QE 3) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul“The Federal Reserve System is nothing more than legalized counterfeit.”
– Ron Paul
– How QE3 Will Make The Wealthy Even Wealthier While Causing Living Standards To Fall For The Rest Of Us (Economic Collapse, Sep 16, 2012):
The mainstream media is hailing QE3 as a great victory for the U.S. economy. On nearly every news broadcast, the “talking heads” are declaring that Ben Bernanke’s decision to pump 40 billion dollars a month into our financial system is definitely going to help solve our economic problems. The money for QE3 is being created out of thin air and this round of quantitative easing is going to be “open-ended” which means that the Federal Reserve is going to keep doing it for as long as they feel like it. But is this really good for the average American on the street? No way. Despite two previous rounds of quantitative easing, median household income has still fallen for four years in a row, the employment rate has not bounced back since the end of the last recession, and new home sales have remained near record lows. So what have the previous rounds of quantitative easing accomplished? Well, they have driven up the prices of financial assets. Those that own stocks have done very well the past couple of years. So who owns stocks? The wealthy do. In fact, 82 percent of all individually held stocks are owned by the wealthiest 5 percent of all Americans. Those that have invested in commodities have also done very nicely in recent years. We have seen gold, silver, oil and agricultural commodities all do very well. But that also means that average Americans are paying more for basic necessities such as food and gasoline. So the first two rounds of quantitative easing made the wealthy even wealthier while causing living standards to fall for all the rest of us. Is there any reason to believe that QE3 will be any different?
Meanwhile In Beijing: ‘For The Respect Of The Motherland, We Must Go To War With Japan’
– Meanwhile In Beijing: “For The Respect Of The Motherland, We Must Go To War With Japan” (ZeroHedge, Sep 16, 2012):
Anti-US protests sweeping across the entire Muslim world (which are continuing today), besieging, attacking and burning down US embassies, are not the only thing that the central banker policy vehicle known as “the markets” have to ignore in the coming days and weeks. Cause here comes China: “Thousands besiege Japan’s embassy in Beijing over Tokyo’s assertion of control over disputed islands in East China Sea.” And China is not happy: “For The Respect Of The Motherland, We Must Go To War With Japan.” Sure enough, where would the US be if the focal point of this escalation in militant anger – the Senkaku Islands – was not merely the latest expression of Pax Americana, and America’s national interests abroad.
We already discussed the inevitable implications of the meaningless populist agitation over the contested Senkaku Islands. Here it is playing out in real time:
Protests in China are growing over Japan’s assertion of control of disputed islands.
Thousands of Chinese besieged the Japanese embassy in Beijing on Saturday, hurling rocks, eggs and bottles with protests reported in other major cities over the territorial dispute in the East China Sea.
Paramilitary police with shields and batons barricaded the embassy, holding back and occasionally fighting with slogan-chanting, flag-waving protesters who at times appeared to be trying to storm the building.
“Return our islands! Japanese devils get out!” some shouted.
One of them held up a sign reading: “For the respect of the motherland, we must go to war with Japan.”
The protests were not confined in Beijing. In Shanghai, streets around the Japanese consulate, in the were cordoned off on Saturday even as hundreds of police allowed a small groups of people in at a time to protest.
“The Chinese government has not done much to quell the inflamed passions of its citizens,” Al Jazeera’s Marga Ortigas reported from Hong Kong on Saturday.
Protesters are also calling for a widespread boycott against Japanese businesses and products.
Read moreMeanwhile In Beijing: ‘For The Respect Of The Motherland, We Must Go To War With Japan’
Japan’s Ambassador To China Dies As Chinese Police Use Tear Gas, Water Cannon On Anti-Japan Protesters
– Japan’s Ambassador To China Dies As Chinese Police Use Tear Gas, Water Cannon On Anti-Japan Protesters (ZeroHedge, Sep 16, 2012):
Yesterday we described that anti-Japan sentiment across China was spreading like wildfire with some even suggesting it is time to declare war on Japan (see picture) in retaliation for the unprecedented shift in Japan’s status quo vis-a-vis the Senkaku Islands. Today it has gotten even worse. From Reuters: “Chinese police used pepper spray, tear gas and water cannon to break up an anti-Japan protest in southern China on Sunday as demonstrators took to the streets in scores of cities across the country in a long-running row over a group of disputed islands. The protests erupted in Beijing and many other cities on Saturday, when demonstrators besieged the Japanese embassy, hurling rocks, eggs and bottles and testing police cordons, prompting the Japanese prime minister to call on Beijing to ensure protection of his country’s people and property. In the biggest flare-up on Sunday, police fired about 20 rounds of tear gas and used water cannon and pepper spray to repel thousands occupying a street in the southern city of Shenzhen, near Hong Kong. Protesters attacked a Japanese department store, grabbed police shields and knocked off their helmets. One protester was seen with blood on his face. At least one policeman was hit with a flowerpot.” And while the populist reaction was widely expected, the most surprising development came from Japan, where the designated ambassador to Beijing mysteriously died several hours ago after collapsing in the street without any obvious cause.
From Reuters:
Japan’s ambassador-designate to China, Shinichi Nishimiya, died on Sunday in a Tokyo hospital, the Foreign Ministry said, three days after he was found unconscious on a Tokyo street.
Doctors were looking into the cause of death, ministry official Takashi Ariyoshi said in a statement, but no other details were available. Nishimiya, 60, was found unconscious on a street near his home on his way to work.
Nishimiya was to have left in mid-October to take over from Uichiro Niwa as Japan’s top envoy in Beijing.
While coincidental, Nishimiya’s death came as tensions flared up between Japan and China over a disputed group of islands in the East China Sea claimed by both countries.
It remains to be seen how coincidental his death is: perhaps no less coincidental than the suicide of the Japan’s Finance Minister who hung himself last week for “reasons unknown” and who happened to be deputy minister for disaster reconstruction when the Fukushima disaster struck. The same Japan which for over a year has been calming the world that all is well regarding the deadliest nuclear disater since Chernobyl. The media will have you know none of these events are in any way tied to each other.
Armada Of British Naval Power Massing In The Gulf As Israel Prepares An Iran Strike
Remember that we have already started the war …
– Ron Paul: Sanctions Against Iran Are an ‘Act of War’:
… Ron Paul told voters in Iowa that western sanctions against Iran are “acts of war” that are likely to lead to an actual war.
Paul said that Iran would be justified in responding to sanctions by blocking the Straits of Hormuz, adding that the country blocking the strategically important strait is “so logical” since they have no other recourse.
.. and we are obviously good at it:
– George Galloway: The Case Against War With Iran (Must-Listen!!!) (YouTube):
‘Iran Hasn’t Invaded Another Country In More Than 300 Years.’
So here we go again:
– FOX News: ‘US Has Moral Authority To Annihilate Iran Because They’re Evil’ (Video)
Any attack on Iran will be the official start of WW III (as planned by the elitists).
The Strait of Hormuz is only 21 miles wide at its narrowest point Photo: ALAMY– Armada of British naval power massing in the Gulf as Israel prepares an Iran strike (Telegraph, Sep 15, 2012):
An armada of US and British naval power is massing in the Persian Gulf in the belief that Israel is considering a pre-emptive strike against Iran’s covert nuclear weapons programme
Battleships, aircraft carriers, minesweepers and submarines from 25 nations are converging on the strategically important Strait of Hormuz in an unprecedented show of force as Israel and Iran move towards the brink of war.
Western leaders are convinced that Iran will retaliate to any attack by attempting to mine or blockade the shipping lane through which passes around 18 million barrels of oil every day, approximately 35 per cent of the world’s petroleum traded by sea.
A blockade would have a catastrophic effect on the fragile economies of Britain, Europe the United States and Japan, all of which rely heavily on oil and gas supplies from the Gulf.
Read moreArmada Of British Naval Power Massing In The Gulf As Israel Prepares An Iran Strike
AND NOW: Parents Arrested For Letting Their Children Play In The Yard
– Society now criminalizing parents that allow children to play in the yard – What is the world coming to? (Natural News, Sep 15, 2012):
A Virginia mother was recently interrogated four times by police, and visited twice by social services, after neighbors spotted the mother’s children playing in their own yard unsupervised, and decided to report the non-incident to local authorities. According to Lenore Skenazy of Free-Range Kids, such hysteria and Stasi-style paranoia are becoming the norm in America, where children are being excessively coddled, overprotected, and treated as though they are always in grave danger of being kidnapped or harmed.
During a recent interview with Alex Jones on The Alex Jones Show, Skenazy reflects on how the days when society’s youth could simply ride their bicycles to school or into the woods, climb their neighbors’ trees, or play at the local park by themselves without adult supervision are essentially gone. Today, it is practically considered abnormal in many areas for young children to even be outside at all, let alone to be exploring on their own or with their friends.
“What’s happening … is parents who let their children play outside, walk to school, or go to the grocery (store) for them often have neighbors who turn them in, supposedly out of concern … and what happens is Child Protective Services (CPS) is obligated to come and check out whether or not these parents are being negligent, or worse abusive,” says Skenazy, who receives calls all the time from parents that are being persecuted by law enforcement for allowing their kids to play outside.
“What has happened is that the parents are found wrong by the police or CPS for leaving their children in what CPS calls ‘a dangerous situation,’ which I would call a ‘normal, nice situation.’ In fact, less dangerous than just letting your kids sit inside all day getting fat and diabetic, you let your kids run outside or have some independent adventures, that’s considered bad parenting now.”
Texas woman forced to spend night in jail for supervising kids’ outdoor playtime
Just a few days ago, for instance, Tammy Cooper of La Porte, Texas, was actually handcuffed and arrested for allowing her children to play outside on their motorized scooters in the family’s cul-de-sac. Cooper was forced to spend the night in jail for this non-crime, despite the fact that she had been outside with her two children watching them the entire time. (http://thestir.cafemom.com/big_kid/143276/mom_arrested_sent_to_jail)
Read moreAND NOW: Parents Arrested For Letting Their Children Play In The Yard
Dutch Unleash Intelligent Robot Bins: No ID, No Rubbish
– Dutch unleash intelligent robot bins: No ID, no rubbish (The Register, Sep 12, 2012):
The Netherlands is rolling out intelligent bins that demand ID before accepting rubbish, and let the truck know when they need to be emptied, pointing towards the day when we’ll all have to pay for the stuff we throw away.
Altogether 6,000 intelligent bins are being deployed across The Netherlands, and green think tank Environmental Resource Management has calculated that just one of the cities involved (Groningen) saved itself £72,000 in the first year of deployment, and reduced its carbon footprint by 18 per cent, though the council seems more interested in the reduction in thefts of bins and ability of the system to prevent locals knocking up their own.
The robo-bins have an RFID reader in the lid, and will only open when presented with some ID. The quantity of rubbish is then used to calculate the customer’s bill, but things going into the recycling pile are free – so the scheme drives recycling. The bins also know how much rubbish has been dumped, so they use their embedded phone to call up a truck over Vodafone’s GPRS network when they’re full, reducing the distance trucks have to drive.
Read moreDutch Unleash Intelligent Robot Bins: No ID, No Rubbish
Marc Faber: Central Bankers Are ‘Counterfeit Money Printers’ – ‘If I Had Messed Up As Badly As Bernanke I Would For Sure Resign’ – ‘QE Helps Rich People’
From the article:
“If we have an economic crisis in the Western world it’s because the government makes up 50 percent or more of the economy. This is a cancer that is taking away people’s freedom,”
See also:
Watch the interview HERE.
– Marc Faber: If I Were Bernanke, I Would Resign (CNBC, Sep 14, 2012):
Central bankers are “counterfeit money printers” and Federal Reserve Chairman Ben Bernanke should resign for messing up the U.S. economy so badly, Marc Faber, author of the Gloom, Doom and Boom, told CNBC on Friday.
He said Bernanke was one of the main proponents of an ultra-expansionist economic monetary policy that was to blame for the latest financial crisis.
“If I had messed up as badly as Bernanke I would for sure resign. The mandate of the Fed to boost asset prices and thereby create wealth is ludicrous — it doesn’t work that way. It’s a temporary boost followed by a crash,” Faber said.
Faber, who rose to prominence after predicting the 1987 financial crash report and dubbed “Dr Doom” for his negative predictions, said: “This unlimited QE (quantitative easing) , buying mortgage-backed securities (MBS) and continuing operation twist has the implication of simply having asset prices go up and the money flows down to the Mayfair economy,” Faber said.
A Mayfair economy is one which benefits the wealthier and better off in society. Faber said this latest round of QE would not help the “man on the street”.
“QE helps rich people whose asset prices go up and whose net worth then increases but it doesn’t flow to the man on the street who is faced with higher costs of living with price rises. You just have a small economy that is booming but the majority of the economy is damaged by QE,” he said.Bernanke announced on Thursday that the Fed would buy $40 billion a month in MBS, giving the impression that this time around there would be no time limit to the program, which would only stop once a sustained uptick in employment is visible.
“The money printers are responsible for this crisis. If we continue with this expansionist monetary policy we won’t be facing a fiscal cliff it will be a fiscal grand canyon,” he added.
TSA Screener Busted For Child Pornography (Video)
View more videos at: http://nbcmiami.com.
TSA screener Andrew Smeal, 39, was arrested on 25 counts of possessing child pornography, the Broward Sheriff s Office said. BSO Det. Giuseppe Weller discussed the case.
– TSA Screener Busted for Child Pornography: Authorities (NBC, Sep 13, 2012):
Andrew Smeal, 39, faces 25 counts of possessing child pornography
A Transportation Security Administration employee was arrested on 25 counts of possessing child pornography, the Broward Sheriff’s Office said.
TSA screener Andrew Smeal, 39, was being held at the Broward County Main Jail on $50,000 bond Thursday night, according to online BSO records.
Japan’s Debt Crisis (Infographic)
– Visualizing Japan’s Debt Crisis (ZeroHedge, Sep 15, 2012):
From the largest Japanese pension fund unwinding its JGB holdings to Kyle Bass’ infamous ‘debt-saturation Japan Trade’ and Dylan Grice’s original Japan funding crisis discussion, the nation – now facing Chinese dis-satisfaction over the recent island-purchase – continues to stagger with its Keynesian-endgame heading to a Koo-nesian disaster. The following info-graphic, via Informed Trades, provides everything the savvy investor needs to know about Debt/GDP, balance of payments, energy imports, demographics, and currency debasement.
Romney Staff Spent Nearly $100,000 In State Funds To Hide Records (Reuters)
Flashback:
– Romney staff spent nearly $100,000 to hide records (Reuters, Dec 6, 2011):
Mitt Romney spent nearly $100,000 in state funds to replace computers in his office at the end of his term as governor of Massachusetts in 2007 as part of an unprecedented effort to keep his records secret, Reuters has learned.
The move during the final weeks of Romney’s administration was legal but unusual for a departing governor, Massachusetts officials say.
The effort to purge the records was made a few months before Romney launched an unsuccessful campaign for the Republican presidential nomination in 2008. He is again competing for the party’s nomination, this time to challenge Barack Obama for the presidency in 2012.
Read moreRomney Staff Spent Nearly $100,000 In State Funds To Hide Records (Reuters)
Exclusive: America ‘Was Warned Of Embassy Attack But Did Nothing’ (Independent)
– Revealed: inside story of US envoy’s assassination (Independent, Sep 14, 2012):
Exclusive: America ‘was warned of embassy attack but did nothing’
The killings of the US ambassador to Libya and three of his staff were likely to have been the result of a serious and continuing security breach, The Independent can reveal.
Read moreExclusive: America ‘Was Warned Of Embassy Attack But Did Nothing’ (Independent)
DHS Orders More Sniper Ammunition – Who Are The Targets?
.308 175 grain hollow point boat tail
– More sniper ammunition being ordered by DHS. Who are the targets? (Activist Post, Sep 14, 2012):
Surprise! The DHS Immigration and Customs Enforcement have requested more ammunition.
However, it is the type of ammunition and not necessarily the quantity that is troubling.
First on the agenda is the .223 rifle ammunition. Just a measly 40 million rounds in the first year, and another 160 million rounds in the following four years. 200,00 million rounds in total. You know, just enough to make you cringe thinking that some government office that is not military has more ammunition than you do.
The .223 caliber round is a decent hunting round, but those are not the rounds to be concerned about.
The .308 rounds should have you a bit concerned. Quite a bit concerned.
Read moreDHS Orders More Sniper Ammunition – Who Are The Targets?
New Bankster Bailout Disguised As QE3
Latest move represents huge transfer of wealth from the middle class to the elite
– New Banker Bailout Disguised As QE3 (Infowars, Sep 14, 2012):
While Ben Bernanke’s announcement that the Federal Reserve will embark on an open ended scheme to purchase $40 billion in mortgage-backed securities each month has been touted by the establishment media as the beginning of “QE3? it is in fact nothing less than another banker bailout in disguise.
While many have rightly attacked the Fed’s policy of printing money as a band aid that does little to solve the economy in the long term, this new move isn’t even about that. The policy announced yesterday will merely see the Fed use taxpayer money to purchase more bad debt in the form of junk mortgage-backed derivative based securities that have been sold over and over again.
This has nothing to do with getting the economy going again and will only serve as yet another huge wealth transfer from the middle class to the elite.
Webster Tarpley: US Infrastructure On Brink Of Thermodynamic Breakdown
– US infrastructure on brink of thermodynamic breakdown (PressTV, Sep 14, 2012):
Federal Reserve Chairman Ben Bernanke has warned that the country’s unemployment situation “remains a grave concern” as the hiring process in the job market stays sluggish.
“Fewer than half of the eight million jobs lost in the recession have been restored and at 8.1 percent, the unemployment rate is nearly unchanged since the beginning of the year and is well above normal levels,” Bernanke told reporters on Thursday, AFP reported.
Bernanke also pointed out that the Federal Reserve does not have the means to offset the economic shock from the public spending cuts and tax hikes, scheduled for the end of 2012.
Press TV has conducted an interview with Webster Griffin Tarpley, author and historian from Washington, to further talk over the issue. the following is an approximate transcript of the interview.
Press TV: The Fed has announced that it will resume its policy of pumping more money into the economy. Will that be enough to stave off the unemployment?
Tarpley: No, it cannot. Right now we have an economic depression in the United States and around the world and the real unemployment in this country is much higher than the Federal Reserve seems to want to admit. It is about 30 million people minimum that are out of work which is significantly more than the government estimates.
The problem with the Federal Reserve is that they see their task as saving failed banks; we have to call them ‘zombie banks’ because they are bankrupt entities that sit there; they absorb government and Federal Reserve resources; they do not provide investment; they do not create jobs; there is no plan and equipment or capital goods investment going on.
Read moreWebster Tarpley: US Infrastructure On Brink Of Thermodynamic Breakdown
QE3: Helicopter Ben Bernanke Unleashes An All-Out Attack On The U.S. Dollar
See also:
– Marc Faber: ‘Fed Will Destroy The World’ (Video)
– QE3: Helicopter Ben Bernanke Unleashes An All-Out Attack On The U.S. Dollar (Economic Collapse, Sep 13, 2012):
You can’t accuse Federal Reserve Chairman Ben Bernanke of not living up to his nickname. Back in 2002, Bernanke delivered a speech entitled “Deflation: Making Sure ‘It’ Doesn’t Happen Here” in which he referenced a statement by economist Milton Friedman about fighting deflation by dropping money from a helicopter. Well, it might be time for a new nickname for Bernanke because what he did today was a lot more than drop money from a helicopter. Today the Federal Reserve announced that QE3 will begin on Friday, but it is going to be much different from QE1 and QE2. Both of those rounds of quantitative easing were of limited duration. This time, the quantitative easing is going to be open-ended. The Fed is going to buy 40 billion dollars worth of mortgage-backed securities per month until they have decided that the economy is in good enough shape to stop. For those that get confused by terms like “quantitative easing” and “mortgage-backed securities”, what the Federal Reserve is essentially saying is this: “We’re going to print a bunch of money and buy stuff for as long as we feel it is necessary.” In addition, the Federal Reserve has promised to keep interest rates at ultra-low levels all the way through mid-2015. The course that the Federal Reserve has set us on is utter insanity. Ben Bernanke can rain money down on us all he wants, but it is not going to do much at all to help the real economy. However, it will definitely hasten the destruction of the U.S. dollar.
And the Federal Reserve is apparently very eager to get QE3 going. Purchases of mortgage-backed securities are going to start on Friday.
In the coming months, hundreds of billions of dollars that the Federal Reserve has zapped into existence out of nothing will be injected into our financial system.
So what will happen to all of this new money?
Read moreQE3: Helicopter Ben Bernanke Unleashes An All-Out Attack On The U.S. Dollar
‘Guardian: Anti-Islam Film Never Existed’ (Veterans Today)
See also:
– US-Backed Al-Qaeda Terrorists Attack Embassies
– Embassy Killings In Libya, The Stench Of CIA/Mossad ‘False Flag (Veterans Today)
– Who Really Killed Ambassador Stevens? It’s The Zionists, Stupid! (Veterans Today)
– Israeli Filmmaker Triggers A Bloody 9/11 in Benghazi & Cairo (Veterans Today)
– ‘GLADIO, THE LIVING PROOF THERE IS NO AL-QAEDA, NO WAR ON TERROR’ – ‘GLADIO Is AL-QAEDA’ (Veterans Today)
– Special Ops Con, Imaginary Warfare And Non-Existent Enemies (Veterans Today)
– Guardian: Anti-Islam Film Never Existed (Veterans Today, Sep 15, 2012):
Mystery deepens over US film linked to Benghazi protests
——–
Cast say they were misled as evidence suggests film was post- dubbed and questions arise over funding and identity of director
——–
(Photo and video not Guardian whose article is deceptive and contradictory, Editor)
The anti-Islamic video that inflamed mayhem in Egypt and Libya and triggered a diplomatic crisis is at the centre of a growing mystery over whether it is a real film – or was ever intended to be.
Initial reports about The Innocence of Muslims being a $5m production made by an Israeli-American director named Sam Bacile unravelled on Wednesday as ruins of the US consulate in Benghazi continued to smoulder.
Bacile – originally described as a California-based Jewish real estate developer – appeared to be a fake identity, and Hollywood could find no trace of his supposed feature-length attack on the prophet Muhammad. The blasphemous, 13-minute “trailer” posted online – a ramshackle compilation of scenes which depicted Muhammad as an illegitimate, murderous paedophile – was real, but there was growing doubt that a film existed.
Read more‘Guardian: Anti-Islam Film Never Existed’ (Veterans Today)
Germany Opines: ‘Obama’s Middle East Policy Is in Ruins’
– Germany Opines: “Obama’s Middle East Policy Is in Ruins” (ZeroHedge, Sep 14, 2012):
Since the US media appears to have little if anything to say on the topic of the global anti-Pax Americana insurrection that does not devolve purely along pre-election party lines, here is what Germany thinks.
From Spiegel
US embassies in the Muslim world were on high alert Friday following days of violent protests against an anti-Islam film. Germany, too, closed several embassies in fear of attacks. Some German commentators argue that the violence shows that Obama’s Middle East policies have failed.
Read moreGermany Opines: ‘Obama’s Middle East Policy Is in Ruins’
Bank Of America Sees Fed Assets Surpassing $5 Trillion By End Of 2014 … Leading To $3350 Gold And $190 Crude
And for some (idiots) this is not enough …
– Paul Krugman: QE3 Should Have Been ‘More Stronger’ (Quote Of The Day)
… versus those who can clearly see what is coming:
– Marc Faber: ‘Fed Will Destroy The World’ (Video)
From the article:
“Even when unwinding its balance sheet would mean sacrificing 30% of US GDP and, let’s be honest about it, civil war.”
– BofA Sees Fed Assets Surpassing $5 Trillion By End Of 2014… Leading To $3350 Gold And $190 Crude (ZeroHedge, Sep 14, 2012):
Yesterday, when we first presented our calculation of what the Fed’s balance sheet would look like through the end of 2013, some were confused why we assumed that the Fed would continue monetizing the long-end beyond the end of 2012. Simple: in its statement, the FOMC said that “If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability.” Therefore, the only question is by what point the labor market would have improved sufficiently to satisfy the Fed with its “improvement” (all else equal, which however – and here’s looking at you inflation – will not be). Conservatively, we assumed that it would take at the lest until December 2014 for unemployment to cross the Fed’s “all clear threshold.” As it turns out we were optimistic. Bank of America’s Priya Misra has just released an analysis which is identical to ours in all other respects, except for when the latest QE version would end. BofA’s take: “We do not believe there will be “substantial” improvement in the labor market for the next 1.5-2 years and foresee the Fed buying Treasuries after the end of Operation Twist.” What does this mean for total Fed purchases? Again, simple. Add $1 trillion to the Zero Hedge total of $4TRN. In other words, Bank of America just predicted at least 2 years and change of constant monetization, which would send the Fed’s balance sheet to grand total of just over $5,000,000,000,000 as the Fed adds another $2.2 trillion MBS and Treasury notional to the current total of $2.8 trillion.
In other words, for once we actually were shockingly optimistic on the US economy. Assuming BofA is correct, and it probably is, this is how the Fed’s balance sheet will look like for the next 2 years:
Or, in terms of US GDP, the Fed’s balance sheet will have “LBOed” just shy of 30% of all US goods and services.
It gets worse:
Egan-Jones Downgrades US Credit Rating From AA To AA-
– Egan Jones Downgrades US From AA To AA- (ZeroHedge, Sep 14, 2012):
From Egan Jones, who downgraded the US for the first time ever last July, two weeks ahead of S&P:
Synopsis: UNITED STATES (GOVT OF) EJR Sen Rating(Curr/Prj) AA-/ N/A Rating Analysis – 9/14/12 EJR CP Rating: A1+ Debt: $15.2B EJR’s 1 yr. Default Probability: 1.2%
Up, up, and away – the FED’s QE3 will stoke the stock market and commodity prices, but in our opinion will hurt the US economy and, by extension, credit quality. Issuing additional currency and depressing interest rates via the purchasing of MBS does little to raise the real GDP of the US, but does reduce the value of the dollar (because of the increase in money supply), and in turn increase the cost of commodities (see the recent rise in the prices of energy, gold, and other commodities). The increased cost of commodities will pressure profitability of businesses, and increase the costs of consumers thereby reducing consumer purchasing power. Hence, in our opinion QE3 will be detrimental to credit quality for the US.
Read moreEgan-Jones Downgrades US Credit Rating From AA To AA-
US-Backed Al-Qaeda Terrorists Attack Embassies
– U.S.-Backed Al Qaeda Terrorists Attack Embassies (ZeroHedge, Sep 15, 2012):
As we have previously documented, the U.S. has for decades supported Al Qaeda and affiliated terrorist groups in Afghanistan, Bosnia, Libya, Syria, Iran and around the world.
The violence taking place today in Sudan, Libya, and elsewhere is being carried out by the same boneheads we’ve supported:
Nice job, morons …
On Al-CIAda:
– ‘GLADIO, THE LIVING PROOF THERE IS NO AL-QAEDA, NO WAR ON TERROR’ – ‘GLADIO Is AL-QAEDA’ (Veterans Today)
“The truth is, there is no Islamic army or terrorist group called Al Qaeda. And any informed intelligence officer knows this. But there is a propaganda campaign to make the public believe in the presence of an identified entity representing the ‘devil’ only in order to drive the TV watcher to accept a unified international leadership for a war against terrorism. The country behind this propaganda is the US.”
– Robin Cook, Former British Foreign Secretary
Just one month after this article, published in the Guardian, Robin Cook DIED:
– Al Qaeda Doesn’t Exist or How The US Created Al Qaeda (Documentary)
– BBC: Al-Qaeda Does Not Exist (Documentary)