More Obama Lies: Obama on Why He Opposed Individual Mandate: Forcing Uninsured to Buy Insurance Is Like Forcing Homeless to Buy Homes


President Barack Obama and Vice President Joe Biden react to cheers as they arrive in the East Room of the White House in Washington, Tuesday, March 23, 2010, for the signing ceremony for the health care bill. (AP Photo/J. Scott Applewhite)

(CNSNews.com) – Long before his administration went into federal court to fight 27 states that are now challenging the constitutionality of the federal government forcing people to buy health insurance, then-presidential candidate Barack Obama told Ellen DeGeneres that—unlike his opponent Hillary Clinton—he opposed forcing the uninsured to buy  health insurance, saying that it would be like forcing the homeless to buy homes.

“Both of us want to provide health care to all Americans. There’s a slight difference, and her plan is a good one. But, she mandates that everybody buy health care. She’d have the government force every individual to buy insurance and I don’t have such a mandate because I don’t think the problem is that people don’t want health insurance, it’s that they can’t afford it,” Obama said in a Feb. 28, 2008 appearance on Ellen DeGeneres’ television show. “So, I focus more on lowering costs. This is a modest difference. But, it’s one that she’s tried to elevate, arguing that because I don’t force people to buy health care that I’m not insuring everybody. Well, if things were that easy, I could mandate everybody to buy a house, and that would solve the problem of homelessness. It doesn’t.”

In a ruling issued yesterday holding that the insurance mandate in Obamacare is unconstitutional, U.S. District Judge Roger Vinson pointed to a similar statement that Obama had made in a Feb. 5th, 2008 interview with CNN. “Indeed,” wrote Vinson, “I note that in 2008, then-Senator Obama supported a health care reform proposal that did not include an individual mandate because he was at that time strongly opposed to the idea, stating that ‘if a mandate was the solution, we can try that to solve homelessness by mandating everybody to buy a house.’”

Read moreMore Obama Lies: Obama on Why He Opposed Individual Mandate: Forcing Uninsured to Buy Insurance Is Like Forcing Homeless to Buy Homes

Invisibility Cloak Enters The Real World: Scientists Make Visible Object Disappear For The First Time

Scientists are a step closer to creating a Star Trek-style cloaking device after making an object visible to the naked eye disappear for the first time.


The research works by using a naturally forming crystal called calcite which has extraordinary light bending abilities Photo: CORBIS

In the past researchers have only been able to “cloak” microscopic objects using extremely complicated physics and so-called meta-materials made on a tiny scale.

But a new study at the University of Birmingham has taken a massive step forward by making a paper clip invisible – an object thousands of times bigger than previous experiments.

The research works by using a naturally forming crystal called calcite which has extraordinary light bending abilities.

By placing the crystals over an object it “bounces” light around it rendering it totally invisible to the naked eye.

Dr Shuang Zhang, a physicist and lead investigator from the University of Birmingham, said: ‘‘This is a huge step forward as, for the first time, the cloaking area is rendered at a size that is big enough for the observer to ‘see’ the invisible object with the naked eye.

“By using natural crystals for the first time, rather than artificial meta-materials, we have been able to scale up the size of the cloak and can hide larger objects, thousands of times bigger than the wavelength of the light.”

Read moreInvisibility Cloak Enters The Real World: Scientists Make Visible Object Disappear For The First Time

Looters Included Undercover Egyptian Police, Hospitals Tell Human Rights Watch


The Egyptian government blocks Twitter after thousands of protesters took to the streets of Cairo to demand an end to the 30-year-rule of President Hosni Mubarak.

CAIRO – Human Rights Watch confirmed several cases of undercover police loyal to Egyptian President Hosni Mubarak’s regime committing acts of violence and looting in an attempt to stoke fear of instability as demonstrations grew stronger Tuesday against the autocratic leader.

Peter Bouckaert, the emergency director at Human Rights Watch, said hospitals confirmed that they received several wounded looters shot by the army carrying police identification cards. They also found several cases of looters and vandals in Cairo and Alexandria with police identification cards. He added that it was “unexplainable” that thousands of prisoners escaped from prisons over the weekend.

Read moreLooters Included Undercover Egyptian Police, Hospitals Tell Human Rights Watch

Bernanke Speech Translation

Quantitative Easing works just as intended by the elitists.


This article originally appeared in The Daily Capitalist.

Ben Bernanke is speaking at the National Press Club today and his pre-released speech says basically that QE2 is working:

Since August, when we announced our policy of reinvesting maturing securities and signaled we were considering more purchases, equity prices have risen significantly, volatility in the equity market has fallen, corporate bond spreads have narrowed, and inflation compensation as measured in the market for inflation-indexed securities has risen from low to more normal levels. Yields on 5- to 10-year Treasury securities initially declined markedly as markets priced in prospective Fed purchases; these yields subsequently rose, however, as investors became more optimistic about economic growth and as traders scaled back their expectations of future securities purchases. All of these developments are what one would expect to see when monetary policy becomes more accommodative, whether through conventional or less conventional means. Interestingly, these developments are also remarkably similar to those that occurred during the earlier episode of policy easing, notably in the months following our March 2009 announcement of a significant expansion in securities purchases. The fact that financial markets responded in very similar ways to each of these policy actions lends credence to the view that these actions had the expected effects on markets and are thereby providing significant support to job creation and the economy.

I have mentioned this kind of reasoning before: Post hoc, ergo propter hoc. It means that first A happened and then B happened, then A must have caused B. I think the fallacy in such reasoning is rather obvious. Let me translate what he is really saying:

Since August when we began to flood our primary dealers in Wall Street with newly printed money the market went up because they used the money to buy financial products, including stocks. We are trying to cause price inflation because the majority of the FOMC is concerned about price deflation. If we cause price inflation then we will fool everyone into thinking that because prices are going up, such as in the stock markets, that it is real growth even though it’s just price inflation. Even better the national debt can be paid down with cheap dollars. Yields on Treasurys initially went up because the bond vigilantes aren’t stupid: they know it will cause inflation so they wanted higher yields. But, ha, ha, the Euro went into the tank because of the PIIGS and money flooded back in to the US and drove Treasury yields back down, for the time being. Screw the vigilantes. The same thing happened when we tried QE1, but as we all know, that failed and we are desperately trying again because we don’t have too many arrows left in our quiver. Hey, if it had worked, would we be doing QE2? We are desperate because if unemployment doesn’t come down, the Obama Administration will be screwed and I’ll lose my job. We are ready to do QE3 because we don’t have a clue what else to do.

Submitted by Econophile on 02/03/2011 14:47 -0500

Source: ZeroHedge

Permanent Biological Contamination Of The Gulf

SYNTHETIC GENES ARE CROSSING SPECIES BARRIERS

While natural viruses and bacteria respect species barriers, the storm of artificial genetics created by synthetic biology engineers – in order to eliminate the flow of crude oil and gasses in the Gulf of Mexico – are actually designed to cross species barriers. This has created new viral and bacterial pathogens never seen before. It is directly responsible for the spreading of drug and antibiotic resistant viral and bacterial outbreaks along the Gulf Coast, a pestilence that I have named The Gulf Blue Plague.

HORIZONTAL GENE TRANSFER

Genetic engineering – synthetic biology – involves designing artificial genes to deliberately cross species barriers by invading their genetic makeup. Simply explained, it improves the direct transfer of genetic material to an unrelated species. This is called Horizontal Gene Transfer (HGT), or Lateral Gene Transfer (LGT), and is usually accomplished with the conveyance of genes by infectious viruses named bacteriophages, or simply ‘phages’. LGT or HGT is any process in which an organism transfers genetic material (i.e., DNA) to another cell that is not its offspring. It has been used by genetic engineers to make Transgenic Organisms.

TRANSGENIC ORGANISMS

Engineered genetic modification creates a transgenic organism by inserting DNA into a host organism, such as bacteria, with the assistance of a virus or a plasmid. The mature host organism will then pass on the DNA which has been artificially inserted into its genome.

Transgenic DNA typically contains genetic material from bacteria, viruses and other genetic parasites. This is the cause behind diseases as well as the antibiotic resistant genes that make infectious diseases untreatable. Horizontal transfer of transgenic DNA has the potential to also create new viruses and bacteria that cause diseases and spread drug and antibiotic resistance genes among pathogens.

Genetic material released from both dead and live cells persevere in all environments. Our entire biosphere is being exposed to all kinds of new gene combinations that did not previously exist in nature and would never have come into being without synthetic gene engineering.

TRANSFERING DNA BY INFECTING VIRUSES

Bacteriophages are a class of viruses that infect bacteria. They are simply a “package” of DNA surrounded by a protein “coat”. This coating has special properties that make it stick to bacterial cell walls. Once attached, they inject their DNA into the bacteria. Viral DNA forces the invaded cell to stop its normal activity and, instead, it will reproduce millions of copies of the whole virus.

Read morePermanent Biological Contamination Of The Gulf

Housing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In US History

This is as I’ve said many, many times ‘The Greatest Depression’.


We are officially in the middle of the worst housing collapse in U.S. history – and unfortunately it is going to get even worse.

Already, U.S. housing prices have fallen further during this economic downturn (26 percent), then they did during the Great Depression (25.9 percent).

Approximately 11 percent of all homes in the United States are currently standing empty.  In fact, there are many new housing developments across the U.S. that resemble little more than ghost towns because foreclosures have wiped them out.

Mortgage delinquencies and foreclosures reached new highs in 2010, and it is being projected that banks and financial institutions will repossess at least a million more U.S. homes during 2011.

Meanwhile, unemployment is absolutely rampant and wage levels are going down at a time when mortgage lending standards have been significantly tightened.

That means that there are very few qualified buyers running around out there and that is going to continue to be the case for quite some time to come.

When you add all of those factors up, it leads to one inescapable conclusion.  The “housing Armageddon” that we have been experiencing since 2007 is going to get even worse in 2011.

Read moreHousing Armageddon: 12 Facts Which Show That We Are In The Midst Of The Worst Housing Collapse In US History

Teenager Builds Solar Death-Ray, Which Can Burn Through Almost Anything


Solar power: Eric Jacqmain labelled his ‘death ray’ dish his ‘latest and greatest solar invention’ – and he is working on further developments


Power: This piece of wood stood no chance against Eric Jacqmain’s spectacular invention

While many teenagers are content to sit at home playing computer games, this one has set his sights on something a little more ambitious.

Eric Jacqmain, from Indiana in the US, covered an ordinary fibreglass satellite dish with 5,800 tiny mirror tiles – and made his very own ‘death ray’.

When aligned correctly it can generate a heat spot a couple of centimetres across, with an intensity of 5,000 shining suns, the 19-year-old claims.

The inventor then posted video of his invention on YouTube, with people commenting in awe of the power of the satellite.

Read moreTeenager Builds Solar Death-Ray, Which Can Burn Through Almost Anything

Commodities: Rice Is Next

The one commodity which has so far sneaked quietly between the cracks of rampant limit up opens and overnight price surges, just happens to be the most important one: rice.

If the price of rice were to follow the same fate as wheat, not to mention chocolate, and if the world starts getting visuals of what is happening in Egypt transposed a few thousand miles east, smack in the middle of Guangdong province, then not even the Sack Frost dynamic futures lifting duo will be able to do much to instill confidence that the revolution is progressing “better than analyst estimates.”

And it appears that the seeds of rice’s price surge may already have been planted. Bloomberg reports that “U.S. farmers are planting the fewest acres with rice since 1989 just as global demand surpasses production for the first time in four years, driving prices as much as 12 percent higher by December. Plantings in the U.S., the third-biggest shipper, may drop 25 percent this year because growers can earn more from corn and soybeans, according to the median in a Bloomberg survey of nine analysts and farmers.

Rice, the staple food for half the world, declined 4 percent last year, extending a 2.9 percent drop in 2009. The other crops jumped 34 percent or more.” Zero Hedge predicted in October of last year that the next real bubble will be rice. We stand by this prediction, which has so far not been validated presumably due to some quite interesting behind the scenes PM-for-food arrangement between China and one of the very popular US TBTFs. As the chart shows,  rice is poised for an imminent break out.

From Business Week:

“Why would you want to take that risk to plant rice, knowing that your income is going to be way down?” said Terry Hatley, a farmer in Marked Tree, Arkansas, who may not plant any rice this year after growing the crop for more than three decades. “Farming is a business, and you’ve got to look at the economics of it. Now, the economics on rice are very dim.”

Read moreCommodities: Rice Is Next

China: Underground World Hints at Coming Crisis

‘China syndrome’ means country faces dangerous property bubble (Telegraph)


To understand how far ordinary Chinese have been priced out of their country’s property market, you need to look not upwards at the Beijing’s shimmering high-rise skyline, but down, far below the bustling streets where nearly 20m people live and work.


In Beijing, where the average monthly salary is 4,000 yuan, the average person would take 50 years to buy an average apartment, assuming they saved every penny they earned. Photo: Getty

There, in the city’s vast network of unused air defence bunkers, as many as a million people live in small, windowless rooms that rent for £30 to £50 a month, which is as much as many of the city’s army of migrant labourers can afford.

In a Beijing suburb, beneath one of the thousands of faceless residential tower blocks that have carpeted the city’s peripheries in a decade-long building frenzy, one of Beijing’s “bomb shelter hoteliers”, as they are known, agrees to show us his wares.

Passing under a green sign proclaiming “Air Defence Basement”, Mr Zhao leads us down two flights of stairs to the network of corridors and rooms that were designed to offer sanctuary in the event of war or disaster.

“We have two sizes of room,” he says, stepping past heaps of clutter belonging to residents, most of whom work in the nearby cloth wholesale market. “The small ones [6ft by 9ft] are 300 yuan [£30] the big ones [15ft by 6ft] are 500 yuan.”

Beijing is estimated to have 30 square miles of tunnels and basements, some constructed after the Sino-Soviet split of 1969, when Mao’s China feared a Soviet missile strike, and many more constructed since to act as more modern emergency refuges.

The fact Mr Zhao can easily rent out 150 such rooms, with the connivance of the city’s Civil Defence Bureau with whom he has signed a five-year contract and invested nearly £150,000, is testament to China’s massive unfulfilled demand for affordable housing.

“Some 80pc of our tenants are girls working in the wholesale market and the rest are peddlers selling vegetables or running sidewalk snack booths,” he adds. “There are dozens of similar air defence basement projects in residential communities. In this area, they say 100,000 live underground.”

Checking out the price of property above ground it is not difficult to see why. To buy a small flat (860 sq ft) in the tower block above – a typically grim, grey concrete affair – currently costs more than £200,000. In a city where the average monthly salary is 4,000 yuan, the average person would take 50 years to buy such an apartment, assuming they saved every penny they earned.

Read moreChina: Underground World Hints at Coming Crisis

Canada’s Biggest Bullion Bank Scotia Mocatta: ALL SILVER BARS SOLD OUT

When a week ago we noted that ScotiaMocatta sold out of the Valcambi 1 kg block, yet once again showed the 100 oz silver bar as  back in stock, we said: “We will keep tabs on how long before this also becomes “sold out.””

We have the answer and it is 7 days. As of today, Canada ‘s biggest bullion bank is out of not only the 100 oz silver bar, but all silver bars!

This follows yesterday’s news that in January the US mint sold 50% more silver than in any month before.

A screen capture of ScotiaMocatta’s online store page as of January 24…

(Click on images to enlarge.)

And as of today:

Submitted by Tyler Durden on 02/02/2011 10:47 -0500

Source: ZeroHedge

Silver:

US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous Highest Month

Eric Sprott: Expect $50 Silver, Gold Possibly $2,150 by Spring

US Mint Reports Unprecedented Buying Spree Of Physical Silver

BullionVault.com Runs Out Of Silver In Germany

Silver: Shortage This Decade, Will Be Worth More Than Gold (!!!)

Silver Derivatives – China and JP Morgan

Max Keiser: Want JP Morgan to Crash? Buy Silver!

Max Keiser: Crash JP Morgan – Buy Silver!

JPMorgan Silver Manipulation Explained (Must-See!)

Read moreCanada’s Biggest Bullion Bank Scotia Mocatta: ALL SILVER BARS SOLD OUT

Incredible Spike In Price Of Electricity In Texas Today – Unbelievable!!!

The weather story is having a big impact on companies and associated commodities today, but this may be the biggest move we’ve seen thus far.

In Texas, the price of electricity has surged as a result of the recent storm.

The rolling blackouts started Wednesday as a result of the weather, and have continued today, according to the Wall Street Journal.

But just what does that look like for energy markets? ERCOT (Energy Reliability Council of Texas) has seen on peak prices in its Northern Territory spike as high as $330.64 per megawatt hour today.

Just yesterday those prices were at $70. In the days before, they were trading between $34 and $45.

Read moreIncredible Spike In Price Of Electricity In Texas Today – Unbelievable!!!

Cotton Prices Jump, Continue To Skyrocket, Mills Panic

US cotton rises for third day as mills rush to buy (Reuters):

NEW YORK, Feb 2 (Reuters) – U.S. cotton futures jumped for
the third straight day on Wednesday, settling up the daily
limit, as Asian mills fueled the rally on average volume.

Cotton futures have rallied almost 25 percent since the
middle of January, the latest wave of
a historic run that began
in 2010 and sent cotton prices to their loftiest levels in
almost 150 years.

“It’s basically mills panicking,” said Lou Barbera, a
cotton analyst for brokerage VIP Commodities. “Overseas mills
are getting the ball rolling.”

Read moreCotton Prices Jump, Continue To Skyrocket, Mills Panic

Egypt Crisis: 3 Dead, 639 Injured in Cairo As Anti-Gov Demonstrators and Gov Supporters Clash


Vehicles burn in front of Cairo’s Egyptian Museum early Thursday as people protesting against Egyptian President Hosni Mubarak face off against pro-Mubarak crowds.

Egypt crisis: 3 dead, 639 injured in Cairo, government officials say (CNN):

Read full coverage of the unrest in Egypt updated continually by CNN reporters worldwide. Send your photos and video to iReport and see CNN in Arabic here. See also this strong roundup of timely, insightful views on the wave of upheaval in the Arab world.

Violence in Egypt as foes, supporters of Hosni Mubarak clash (Los Angeles Times):

Fighting erupts in Tahrir Square as anti-government demonstrators and supporters of President Hosni Mubarak throw rocks and brandish clubs. The clashes follow a call by the Egyptian military for protesters to go home.

Reporting from Cairo — Thousands of supporters of Egyptian President Hosni Mubarak besieged anti-government forces ensconced in Tahrir Square on Wednesday, leading to violent clashes and some injuries.

Pro-Mubarak forces tried to push their way into the square through numerous side streets and were met with, in some cases, cordons of peaceful protesters and, in others, by those throwing large chunks of stone or concrete.

Turkey tells Mubarak to listen to the people (Reuters):

ANKARA (Reuters) – Egyptian President Hosni Mubarak should heed his people’s desire for change, Turkey’s Prime Minister Tayyip Erodogan said on Tuesday, piling pressure on Mubarak to end his 30-year rule in the face of mass protests.

Israel shocked by Obama’s “betrayal” of Mubarak (Reuters):

JERUSALEM (Reuters) – If Egypt’s President Hosni Mubarak is toppled, Israel will lose one of its very few friends in a hostile neighborhood and President Barack Obama will bear a large share of the blame, Israeli pundits said on Monday.

On Mervyn King’s Apology That Central Banks Are Destroying The Middle Class’ Standard Of Living

See also:

Ben Bernanke’s Poverty Effect: Food Stamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million


Recently, BOE head Mervyn King came out with a very surprising warning to his compatriots, accompanied with an apology that our own Ben Bernanke will never offer, namely:

I sympathise completely with savers and those who behaved prudently now find themselves among the biggest losers from this crisis.

Of course, the US central bank believes it has completed its third mandate job now that the US stock market, not to mention commodities, are starting to be reminiscent of the parabolic phase of the Harare stock market. But back in Europe, even as the EURUSD is surging (killing the dollar, and the primary driver behind US stocks) now that it is accepted that the continent will proceed with its latest full on ponzi scheme and have the EFSF acquire insolvent bonds, even as the ECB proceeds to raise rates, things are getting worse.

This is precisely what King warned about in a speech that not surprisingly got absolutely no coverage in the US. Luckily, here is Simon Black’s take on the very surprising speech by King which confirmed that the only beneficiaries of Bernanke’s policies continue to be the top 1% that make up the financial oligarchy…. as always.

– A stern warning from a central banker (by Sovereign Man)

Mervyn King is Britain’s chief central banker and a key figure in the global financial system. Last week, after surprising reports surfaced that the British economy had once again contracted in the 4th quarter of last year, King delivered a stern, sobering message to his country:

– “In 2011, real wages are likely to be no higher than they were in 2005… One has to go back to the 1920s to find a time when real wages fell over a period of six years.”

– “The Bank of England cannot prevent the squeeze on real take-home pay that so many families are now beginning to realise is the legacy of the banking crisis and the need to rebalance our economy.”

– “The squeeze on living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.”

– Furthermore, inflation may rise “to somewhere between four per cent and five per cent over the next few months.”

Read moreOn Mervyn King’s Apology That Central Banks Are Destroying The Middle Class’ Standard Of Living

Ben Bernanke’s Poverty Effect: Food Stamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million

Related articles:

How JP Morgan Gets Rich On Food Stamps And Profits From Poverty

Financial Crisis Inquiry Commission Slams Greenspan, Bernanke, Geithner, Paulson, Summers, SEC, Rating Agencies and Big Banks for Causing Crisis

Bankster bailouts …

Bank Bailouts Explained (Must-see!)

plus quantitative easing …

Quantitative Easing Explained (Must-see!)

plus unprecedented deficit spending (Obamanomics) …

Government Economists: America Faces The Biggest Budget Deficit In History

… equals …

“When a country embarks on deficit financing and inflationism (quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

The US government and Fed are bankrupting America, destroying the dollar, the middle class and completely wiping out the poor (exactly as planned by their elite masters.)


Much has been said about Bernanke’s wealth effect and how it impacts a whopping 1% of the US population (traditionally, those very same bail out recipients who would be insolvent had Gen Ben not rescued the entire financial system at the expense of the DXY, which at last check was below 77 again).

Unfortunately, a little less time has been spent discussing the equal and opposite effect: that of the poverty effect. Luckily, every month we get an update on this just as useful metric.

And as of November, the SNAP program had 43.6 million participants, an increase of 400k from October, and a 14% increase, or 5.3 million from a year prior.

We are confident that this 15% of the US population will be delighted to know that their rapidly diminishing dollars will end up acquiring increasingly less and less stuff.

The chart below says it all.

(Click on image to enlarge.)

Submitted by Tyler Durden on 02/01/2011 14:21 -0500

Source: ZeroHedge

Digital Darkness: US And UK Companies Help Egyptian Regime To Shut Down Telecommunications and Identify Dissident Voices

February 01, 2011

Doing the regime’s bidding, British-based Vodafone shut down Egypt’s phone and internet service. The American company called Narus — owned by Boeing — sold Egypt the surveillance technology that helped identify dissident voices. We are joined by Tim Karr of Free Press and CUNY Professor C.W. Anderson. Karr outlines how communications was shut down in Egypt and discusses the Protecting Cyberspace as a National Asset Act, a proposed Senate bill that could lay the foundation for blocking communications in the United States in the case of a “national threat.” Anderson traces the activist roots of Twitter to U.S. protests at the 2004 Republican and Democratic conventions.

Rush transcript:

AMY GOODMAN: Social media and online networks played a key role in the early organizing of the Egyptian uprising. Egyptian President Hosni Mubarak underlined their power last week when he tried to shut down the internet and cut off most cell phone communication. U.S. officials led the push for Egypt to restore online access, but it was an American company called Narus, which is owned by Boeing, that has aided Egypt’s harsh response by selling them the technology that made this repression possible.

To talk more about this, we’re joined by Tim Karr, campaign director with Free Press, and C.W. Anderson, an assistant professor of communications at City University of New York. C.W. Anderson has been looking at the role of Twitter in the rebellions in Egypt and elsewhere, by those who were able to access the service.

So, Tim, let’s begin with the issue of Vodafone and Narus. Explain how, in one fell swoop, the country could be plunged into digital darkness.

TIM KARR: Well, it’s interesting. What we’re seeing is the same technology that has enabled freedom movements around the world is also being used to target and track down political dissidents. In the case of Egypt, we have a company called Narus, as you mentioned—it’s now owned by Boeing—that sells what’s called Deep Packet Inspection. It allows the Egyptian telecommunications companies, many of which are run by the state, to open up online communications, to look at texting via cell phones, and to identify the sort of dissident voices that are out there. And it goes beyond that. It also gives them the technology to geographically locate them and track them down. We had a similar problem happen in 2009 in Iran, when you had Nokia Siemens, which was a Finnish-German joint venture, selling technology to the Iranian Telecom Authority, which was also owned by the Revolutionary Guard there, to be used to track down and imprison cyber-dissidents there. And Egypt has a very sophisticated internet infrastructure, which, again, is a double-edged sword, because it’s made it very easy for the government to shut it off, while at the same time allowed for this sort of outpouring of dissidence. And the Reporters Without Borders has taken a deep look at internet abuses in Egypt and ranks it as one of the largest internet enemies.

AMY GOODMAN: So, explain the difference between Narus and Vodafone. What roles do each play?

TIM KARR: Well, Narus provides a technology that sits on routers throughout the Egyptian network, that filters and spies on communications. It’s a surveillance technology. Narus was started by Israeli security experts. And they specialize in selling this. They sell it to other governments. Vodafone is a mobile phone technology system. The Vodafone Egypt is another joint venture there that also has a large Egypt control, which allows them to pull the switch on cell phone communications.

Read moreDigital Darkness: US And UK Companies Help Egyptian Regime To Shut Down Telecommunications and Identify Dissident Voices

US Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous Highest Month

Don’t miss:

Eric Sprott: Expect $50 Silver, Gold Possibly $2,150 by Spring


As the topic of US Mint silver sales is not new to our readers, after we first brought attention to the record January sales by the Mint, we will not dwell much on it, suffice to say that the final January tally is in.

And at 6,472,000 ounces, this is nearly 50% higher than any prior month in the Mint’s 26 years of published sales history.

Read moreUS Mint Sells Absolute Record 6.4 Million Ounces Of Silver In January, 50% More Than Previous Highest Month

US: Powerful Winter Storm Paralyzes Country, Brings Record Snowfall, Snowballs Airlines

Winter Storm Leaves Midwest, East Paralyzed (NPR):

Blizzard conditions stretching from Texas to Maine have paralyzed travel in major cities across the nation’s midsection, closing airports and schools and leaving downtowns looking like snow-covered deserts.

The storm — billed as the worst in decades — unleashed much of its fury on the heartland, bringing Chicago and the rest of the Midwest to a standstill. As it churned into New England, a number of roofs collapsed as a foot or more of snow piled atop the remains of last month’s blizzards.

Travelers at Boston’s Logan Airport, which was closed temporarily Wednesday for the first time this season because of ice, continued to face cancellations and delays. The storm tested even the hardiest New Englanders, including snowplow driver Dave Mastrioni, who was clearing snow for everyone from churches to private businesses and the city of Newton, Mass.

“It’s been about a hundred hours of plowing — that’s about two years’ worth,” he said.

Powerful storm brings record snowfall across the country (CNN):

(CNN) — A massive winter storm bringing blizzard conditions and record snowfall to the nation’s heartland has affected one in three Americans, emergency officials said Wednesday.

A mix of snow, sleet and freezing rain blanketed 30 states and is now sweeping up into the U.S. Northeast.

The brutal weather made for treacherous traveling on snow-choked roadways and runways, forcing airlines to cancel thousands of flights again Wednesday.

The huge demand for information caused sporadic outages for the National Weather Service’s web servers, which struggled to handle a deluge of 10 million to 20 million hits per hour, officials said. The site normally experiences an average of 70 million hits per day.

Chicago’s O’Hare International Airport received a record-breaking 19 1/2 inches of snow, according to the service.

Winter storm snowballs airlines (CNN)


Australians Told To FLEE As ‘Catastrophic’ Cyclone Yasi Approaches

Cyclone Yasi – Australia’s Biggest Cyclone in Living Memory

Cyclone Yasi approaches Queensland



Update: – Australia’s Cyclone Yasi may destroy even ‘cyclone proof’ homes (Reuters)


Thousands of residents in Queensland have been warned to ‘just grab each other’ with the category five storm due to hit in the coming hours


(My apology for the bad audio quality. Use the Link to this video
) Thousands of residents in Queensland have been warned to ‘just grab each other’ and get to safety with the category-five Cyclone Yasi due to hit the coast in the coming hours

Thousands of Australians have left their homes for evacuation centres, as cyclone Yasi – predicted to be the worst in the country’s history, nears the Queensland coast. Many residents have stocked up on food and bedded down in shelters to protect themselves from the prospect of furious winds, rains and surging seas on a scale unseen there in generations.

Cyclone Yasi was upgraded overnight to a category five storm – the highest – and is due to hit the coast near Cairns at about midnight local time.

Queensland premier Anna Bligh said the last cyclone of such strength to cross Queensland was in 1918 and advised residents to “just grab each other” and find safety.

“It’s such a big storm, it’s a monster, killer storm,” she said. “This impact is likely to be more life-threatening than any experienced during recent generations.”

Bligh warned that the next 24 hours will see extremely dangerous conditions.

“We are facing a storm of catastrophic proportions in a highly populated area,” she said. “All aspects of this cyclone are going to be terrifying and potentially very, very damaging.

“Do not bother to pack bags. Just grab each other and get to a place of safety. Remember that people are irreplaceable,” she said.

Read moreAustralians Told To FLEE As ‘Catastrophic’ Cyclone Yasi Approaches

(FOX NEWS) Inside Job: ‘The US Government Escorted The Underwear Bomber Through Security Without A Passport To Board The Plane’, Say Two Attorneys, Eyewitnesses Who Were On Site

“It was intentional then. It went this far to further the war on terror, to get body scanners in the airports, to increase the TSA’s budget, to renew the Patriot Act and whatever other reasons you wanna list.”
– Lawyer Kurt Haskell


Added: 26. Januar 2011

I contend that this story is just the tip of the iceberg into the US government’s black operations to further the Patriot Act, funding for Homeland Security and the TSA, and to keep intensity up for the so called War on Terror.

Respected lawyer and community leader, Kurt Haskell, has nothing to gain from pointing his finger at the federal government.

He witnessed the underwear bomber, Umar Farouk Abdulmutallab, being whisked past security and led onto NorthWest Airlines flight 253, by a well-dressed man with an American accent- all without the passenger’s proper visa and passport documentation.

What the news piece doesn’t mention is that the State Dept did indeed put Mutallab on the plane, at the behest of “an unnamed US intelligence agency.”

Undersecretary Patrick F. Kennedy (Detroit news article was removed from web!).

THIS is why we are being groped, molested, and body scanned at the airport by the TSA! Because the government claims the underwear bomber is a real threat! Stand up America- the politicians say our rhetoric is dangerous. Maybe the government itself is terribly dangerous….

28/01/2011 – 13:34 by cybe

Source: 100777

The US government is Al-Qaeda or better Al-CIAda:

Al Qaeda Doesn’t Exist or How The US Created Al Qaeda (Documentary)

“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


TOTAL WAR: US Agribusiness Style

This is ‘Operation Iraqi Freedom’.

Now those farmers must feel so liberated.

A MUST-SEE!


Coming to a country near you (transcript)

If you can’t read the subtitles:

My father passed this farm down to me.
Back then, farming used to be affordable.
Since the invasion, prices have skyrocketed.
I don’t know why.

Read moreTOTAL WAR: US Agribusiness Style

Mayan Spiritual Leader Ac Tah on 2012

Editor’s Note: These is the condensed version of a translated (from Spanish) teleconference on Dec 7th, 2010 with Mayan spiritual leader Ac Tah. You can read more about his work at his website, Ac Tah 2012

Time Has Come

“Our grandparents told us about a big change that would happen. And now we are faced with it,” said Ac Tah. It won’t happen again for 135,000 years. Those that are already aware, he said, can take responsibility to awaken others.

Humanity has had the longing to change for many centuries, he said. The changes will be to our lifestyle, and the system, so it’s more harmonious. Many have the mature mind to know that only unity will bring a big change. To put aside differences of race, philosophy, religion, social classes – “we are allowed to be different.”

”We Measure Spiritual Thoughts

Ac Tah says his wise Mayan ancestors predicted these times. The Mayan calendars mark the end of an era. “Our calendars don’t just register time, but they also measure frequency, vibration, sound and all the energy of this planet.”

That’s why the Long count calendar finishes in 1992. “Our ancestors were not able to continue counting after 1992,” he said. “They couldn’t measure the energy or the vibration of the brain because the calendar is also linked to the Sun.”

Twenty Years of Energetic Instability

The years since 1992, up to 2012, are ones of big changes in the planet’s vibration, and ours as well, says Ac Tah. “Our ancestors calculated one Baktun (20 years) of the energetic instability, where the energy of Earth and the human body would grow slowly, but at the same time, in a very fast way.”

The solar wind has a lot to do with it. The solar winds come in at the Earth’s North and South poles creating the aurora borealis, also known as geomagnetic storms.

Read moreMayan Spiritual Leader Ac Tah on 2012

Big Brother US Government Wants Your Gold!

Important info on gold and silver!

I’ve covered that issue before:

Obamacare: Gold Coin Sellers Angered by New Tax Law (ABC NEWS)

According to my information the rich are fleeing the US in great numbers since the beginning of the financial crisis.


Getting Out: Your Guide to Leaving America (Process Self-reliance Series)

I haven’t read the book, but it has a great cover.

See also:

Ben Samuel Bernanke’s Poverty Effect: Food Stamp Recipients Jump by 400K In November, Hit New Record Of 43.6 Million

Flashback:

The US Government Is Preparing For Collapse: Your Legal Right To Redeem Your Money Market Account Has Been Denied



Added: 1. February 2011

Guardian Davos Journalist’s Sinister Encounter With The Swiss NWO Riot Police

If ever there were REAL terrorists out there, then why have they never attacked an event run by elitists?

Al Qaeda Doesn’t Exist or How The US Created Al Qaeda (Documentary)

“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

It is because there are no REAL terrorists out there.

We the people are all terrorists now.


A policeman pulled me off the train, bound my hands behind my back and frogmarched me into an icy field by the rail track


Photograph of Swiss Police boarding a train leaving Davos after the World Economic Forum (WEF). Photograph Andrew Clark for the Guardian

My day began listening to George Osborne debate the fragility of the global economy. It ended sitting on the floor of a freezing underground car park, hands bound behind my back, in the custody of Swiss riot police.

A peculiar ordeal in ostensibly the world’s most peaceful nation began when, leaving Davos after four days covering the World Economic Forumsummit, my taxi to the Swiss resort’s railway station got clogged in traffic caused by an anti-capitalist demonstration. I hopped out and walked past a line of police to reach a platform where an uneasy mixture of demonstrators, skiers in full gear and WEF delegates were milling around. There were a few yells and chants – and the tinkling of glass being broken somewhere nearby.

A train to Zurich arrived and as I boarded, my carriage filled with protesters handing out beers and leaflets. They were a friendly enough bunch, mostly in their late teens and twenties, and the journey began uneventfully, albeit to a soundtrack of loud europop. After 30 minutes or so, a convoy of police vans screamed down the mountain, sirens blaring, on a road alongside the railway, and overtook the train. It stopped and was surrounded by riot police wearing full body armour, carrying shields and bearing what appeared to be guns capable of firing rubber bullets. Minutes later, a woman burst into our carriage eyes streaming and squealing in pain after being pepper sprayed for sticking her head out the window to gesture at police.

It dawned on me that this was serious – and that it could also be newsworthy. When the police, dressed in almost comically sinister in Robocop-style gear, came into my carriage, I took a few photos of them with my BlackBerry and attempted a video (which didn’t come out). The cops went through with dogs, picking anyone who looked vaguely like a protester and ordering them off the train. Skiers and those not wearing anarchist fashion were left – but selection was fairly arbitrary. A Greenpeace activist, Bruno Heinzer, who had been in Davos for a WEF fringe event, was bemused to find that his younger colleague and girlfriend were taken off, while he was left alone. I was initially ignored until a policeman twigged my BlackBerry and, deaf to my protestations, he pulled me off the train, suitcase, laptop bag and all. With about 50 others, I had my hands bound behind my back by plastic ties. We were searched and the contents of our pockets were put in plastic bags around our necks. We were frogmarched into a snowy field alongside the railway line, and ordered to wait,surrounded by armed police.

When I explained that I was a journalist, I was unconvincingly told in broken English that I looked like a “picture on a wall” of a rioter in Davos, which I took to mean I looked like some sort of photofit picture. I asked my arresting officer if he really believed I’d been rioting in a Banana Republic overcoat, dragging a wheely bag and a laptop. He affected incomprehension. It got dark and very cold as we shivered in the snow. Eventually, the police herded us into vans and drove us to a police station in a town called Landquart. Incongruously, the Monkees’ I’m a Believer blasted out from the van’s radio. We were marched down a ramp into an underground car park beneath the police station where we were ordered to sit, around the walls, still handcuffed, and forbidden from talking. Six police officers stood guard and forbade conversation – one young woman was made to sit in a distant corner, facing the wall, primary school-style, for talking. Every so often, the motion-sensitive lights went off, plunging us into pitch darkness.

One by one, we were taken upstairs to the police station, at a rate of perhaps one every 15 minutes. After an hour or so, a policeman finally listened to my appeals and, examining my passport and press card, took me upstairs. I was photographed, mugshot-style, holding a number. Then an English-speaking senior officer ordered me to delete any pictures taken on the train, and to rip out any pages from my notebook relating to the incident. I declined, asking him whether it was truly illegal in Switzerland to take pictures of the police. He replied that policing the World Economic Forum was a “special zone” and that “special rules” applied. “You have one minute. You can do this and go or, if you don’t, you stay here,” he said. Again demurring, I asked to make a phone call – which prompted the assembled police to go into a huddle. Instead, the senior officer reached for his phone himself and made a long, animated call in German. More discussion ensued when he had hung up. Then he strolled over and he snapped: “You can go back to your country.”

Read moreGuardian Davos Journalist’s Sinister Encounter With The Swiss NWO Riot Police

The Stock Market Is More Overvalued Than It’s Been In A Decade: The Q Ratio Moves Yet Further Into Nosebleed Territory

The Q Ratio is a popular method of estimating the fair value of the stock market developed by Nobel Laureate James Tobin.


It’s a fairly simple concept, but laborious to calculate. The Q Ratio is the total price of the market divided by the replacement cost of all its companies.

Fortunately, the government does the work of accumulating the data for the calculation. The numbers are supplied in the Federal Reserve Z.1 Flow of Funds Accounts of the United States, which is released quarterly.

The first chart shows Q Ratio from 1900 to the present. I’ve extrapolated the ratio since the latest Fed data (through 2010 Q3) based on the price of VTI, the Vanguard Total Market ETF.

(Click on images to enlarge.)

Interpreting the Ratio

The data since 1945 is a simple calculation using data from the Federal Reserve Z.1 Statistical Release, section B.102., Balance Sheet and Reconciliation Tables for Nonfinancial Corporate Business. Specifically it is the ratio of Line 35 (Market Value) divided by Line 32 (Replacement Cost). It might seem logical that fair value would be a 1:1 ratio. But that has not historically been the case. The explanation, according to Smithers & Co. (more about them later) is that “the replacement cost of company assets is overstated. This is because the long-term real return on corporate equity, according to the published data, is only 4.8%, while the long-term real return to investors is around 6.0%. Over the long-term and in equilibrium, the two must be the same.”

Read moreThe Stock Market Is More Overvalued Than It’s Been In A Decade: The Q Ratio Moves Yet Further Into Nosebleed Territory