QE2: Fed Chairman Bernanke Is Still Fighting INSOLVENCY With LIQUIDITY

The US bankers often go home to mommy and order a giant slosh of monetary inflation whenever in deep intractable trouble, like after the previous mistake in QE1 when ordering a giant slosh of monetary inflation. The USFed, led by the academic professor with no business experience, has ordered a fresh supply of gasoline from a lit fire hose, but he does so on a collapsing building. Bernanke has very erroneously diagnosed lack of liquidity within the system to be the underlying problem. He has prescribed a huge swath of ‘free money’ to be sent into the bond market as a solution. He has prescribed that cheap money continue to be delivered to the USEconomy. Bernanke has failed to notice the insolvency in banks, and has failed to notice that 0% has yet to prompt any revival in lending among banks. Bernanke is fighting INSOLVENCY with LIQUIDITY for a second time after learning nothing the first time.

The USTreasury 10-year yield has risen from a grand bond market dare, not at all from evidence of growth. Bond players dare the USFed to create another $1 trillion in new money. In no way does another lift in retail spending constitute a recovery. Household insolvency rises every month from worsening home loan balances. The USFed wants households to spend more on borrowed funds, yet they have depleted home equity and vanished income security. No, US bankers are confused with their wrecked financial engineering aftermath and the broad banking system insolvency that they refuse to acknowledge or discuss. Ever since the April 2009 decision by the USCongress to bless the falsified accounting practices by the Financial Accounting Standards Board, the big US banks have masked their ruined balance sheets, sold stock for their dead entities, and pretended to act as banks. Instead they are mere carry trade shells taking advantage of the USTreasury yield differentials, and storing the cash profits in the USFed, where it earns interest.

Read moreQE2: Fed Chairman Bernanke Is Still Fighting INSOLVENCY With LIQUIDITY

S. 510 Food Safety Bill Now Dead In The Water Due To Blue Slip Mistake

🙂 YES!!! 🙂

See also:

Hot Mic Catches US Senator: ‘Lame Duck Session Is All Rigged’ (Video)


(NaturalNews) It is now being revealed that US Senators slipped up in a big way when passing the Food Safety Modernization Act on Tuesday: They added what are effectively “new taxes” into the bill, and according to the U.S. Constitution, only the House of Representatives can initiate legislation requiring new taxes.

Thus, the House is now obliged to give this food safety legislation the so-called “blue slip,” meaning that it rejects the law and sends it back to the Senate for yet another vote. This would take time and effort, of course, and the Democrats have very little of either remaining in their lame duck session.

As explained on Wikipedia (http://en.wikipedia.org/wiki/Blue_slip):

“This blue-slipping procedure, done by an order of the House, is routinely completed to enforce its interpretation that the House is the sole body to introduce revenue or appropriations legislation. The failure of the House to consider the legislation means it cannot become a law. This tactic has historically proven to be of great use to the House and, as a practical matter, the Senate does not introduce tax or revenue measures to avoid a blue slip.”

In other words, the House wants to remain the sole originator of all new taxes and will therefore need to “blue slip” S.510 in order to slap the hands of Senators who are trying to enact their own new taxes under the bill.

Read moreS. 510 Food Safety Bill Now Dead In The Water Due To Blue Slip Mistake

Study: Acupuncture works directly on the brain to reduce the amount of pain we feel

Acupuncture works just perfect.

Here is just one simple example from my own practice:

It takes usually only 1 acupuncture treatment to ‘cure’ an acute tonsillitis (instead of ‘suppressing’ the infection with antibiotics), 3 treatments at the most.

A 100% success rate!

Sounds like a placebo doesn’t it?


Acupuncture’s effect ‘isn’t just psychological’


Acupuncture doesn’t just work as a placebo, MRI scans appear to show Photo: GETTY

It limits activity in parts of the brain tasked with gauging pain, an experiment on 18 volunteers found.

Crucially, researchers believe the study shows that acupuncture does not only work on a psychological level – as a ‘placebo’ – but that is also has a direct ‘dampening’ effect on the brain’s pain processing centres.

Many critics believe acupuncture only works as a placebo.

The experiment, conducted by researchers at the Department of Complementary and Integrative Medicine at University of Duisburg-Essen in Germany, looked at brain scans of volunteers who were given mild electric shocks.

Firstly they were given the shocks without acupuncture, and then they were given the same shocks while acupuncture needles were placed between the toes, below the knee and near the thumb.

Researchers then compared MRI scan images – which can measure the small metabolic changes that take place in active parts of the brain – to see whether the responses differed.

Dr Nina Theysohn, who will present the research in Chicago on Tuesday at the annual meeting of the Radiological Society of North America, said: “Activation of brain areas involved in pain perception was significantly reduced or modulated under acupuncture.”

Read moreStudy: Acupuncture works directly on the brain to reduce the amount of pain we feel

Robert Fisk: Now we know. America really doesn’t care about injustice in the Middle East


Muslim pilgrims pray at Mount Arafat, near the Saudi holy city of Mecca

I came to the latest uproarious US diplomatic history with the deepest cynicism. And yesterday, in the dust of post-election Cairo – the Egyptian parliamentary poll was as usual a mixture of farce and fraud, which is at least better than shock and awe – I ploughed through so many thousands of American diplomatic reports with something approaching utter hopelessness. After all, they do quote President Hosni Mubarak as saying that “you can forget about democracy,” don’t they?

It’s not that US diplomats don’t understand the Middle East; it’s just that they’ve lost all sight of injustice. Vast amounts of diplomatic literature prove that the mainstay of Washington’s Middle East policy is alignment with Israel, that its principal aim is to encourage the Arabs to join the American-Israeli alliance against Iran, that the compass point of US policy over years and years is the need to tame/bully/crush/oppress/ ultimately destroy the power of Iran.

There is virtually no talk (so far, at least) of illegal Jewish colonial settlements on the West Bank, of Israeli “outposts”, of extremist Israeli “settlers” whose homes now smallpox the occupied Palestinian West Bank – of the vast illegal system of land theft which lies at the heart of the Israeli-Palestinian war. And incredibly, all kinds of worthy US diplomats grovel and kneel before Israel’s demands – many of them apparently fervent supporters of Israel – as Mossad bosses and Israel military intelligence agents read their wish-list to their benefactors.

Read moreRobert Fisk: Now we know. America really doesn’t care about injustice in the Middle East

LAPD Charges Jaywalkers With $191 Fine In New Crackdown

Pedestrians should think twice before jaywalking in downtown L.A. — or they could walk away with a $191 fine.

During the busy holiday shopping season, the Los Angeles Police Department is ramping up a zero-tolerance policy for jaywalkers downtown, particularly the Historic Core area, as part of an effort to reduce accidents and prevent crime, officials said.

A citation won’t be cheap, now costing $191.

“This is about more than reducing accidents during the holidays,” said LAPD Lt. Paul Vernon. “This is about preventing thefts and robberies. Jaywalking is often done by thieves, purse snatchers and robbery suspects to target their victims.”

Vernon said such criminals often suddenly see a potential target and run across the road mid-block. To be better able to spot such suspects, the department wants to deter law-abiding citizens from such behavior, he said.

“We will be watching; that is the message we want to get out there,” Vernon said. Authorities said officers will paying particular attention to Spring and Main streets.

Read moreLAPD Charges Jaywalkers With $191 Fine In New Crackdown

Another Gulf Oil Rig Explosion Injures 3

NEW ORLEANS — Three people were injured — two badly burned — in an oil rig explosion Wednesday in Bayou Perot, La., WDSU in New Orleans reported.

The U.S. Coast Guard received a report at about 10:15 a.m. Central time, that three people were injured on the rig, which is roughly 20 miles south-southeast of New Orleans, Petty Officer Thomas Blue of the Coast Guard told the New Orleans Times-Picayune newspaper.

Read moreAnother Gulf Oil Rig Explosion Injures 3

Scientists: Mercury Turns Male Ibis Birds Gay

Vaccines and amalgam fillings that are loaded with mercury, fluorinated drinking water like in the Russian gulags and the Nazi concentration camps to make people docile and infertile and anti-depressants like Prozac, whose main ingredient is also fluoride, …

The list of intentional contamination of the people goes on and on.

And now …

California Approves One Of The World’s Most Dangerous Cancer Chemicals As Pesticide:

It’s called methyl iodide, and even some chemists won’t go near it. It’s such a powerful and reliable carcinogen that researchers use it to induce cancer in lab animals.



Close bond: The white Ibis is one of the birds that is being badly affected by mercury in its diet, new research has shown

Water pollution is posing a threat to bird ­populations by causing males to mate with each other.

Scientists believe poisonous metal compounds entering the food chain can affect sexuality, causing a reduction in offspring.

They found that even relatively low levels of methylmercury in the diet of male white ibises caused the birds to pair up with each other, snubbing females.

As a result fewer females breed and fewer chicks are produced.

Methylmercury is a form of mercury – the metal which is liquid at room temperature and is better known as quicksilver. It has been seeping into groundwater from ­industry for years.

This is the first scientific study to show how the pollutant appears to alter sexual preference.

U.S. researcher Peter Frederick ­captured 160 young white ibises – a coastal wading bird – and gave them food laced with methylmercury.

The birds were split into four groups. One group ate food with 0.3  parts per ­million (ppm) methylmercury, which most U.S. states would regard as too high for human consumption.

A second group was fed 0.1 ppm, and the third 0.05 ppm, a low dose that wild birds would be exposed to frequently. The fourth group received food clear of the poison.

All three dosed groups had significantly more homosexual males than the control group. Male-male pairs courted, built nests together and paired off for several weeks.

Higher doses increased the effect, with 55 per cent of males in the 0.3 ppm group affected.

Overall, male-male mating was blamed for 81 per cent of unproductive nests in the dosed groups.

‘We knew mercury could depress their testosterone levels,’ explained Dr Frederick.

‘But we didn’t expect this. In the worst-case scenario, the production of young would fall by 50 per cent.’ Other birds would probably be similarly affected, he said.

However, Dr Frederick, of the Florida University, and fellow researcher Nilmini Jayasena, of the Peradeniya University, Sri Lanka, admitted it was far from clear if methylmercury could be linked to similar effects in mammals.

Read moreScientists: Mercury Turns Male Ibis Birds Gay

Nigeria Will Charges Against Dick Cheney in Bribery Scandal

Dec. 1 (Bloomberg) — Nigeria will file charges against former U.S. Vice President Dick Cheney and officials from five foreign companies including Halliburton Co. over a $180 million bribery scandal, a prosecutor at the anti-graft agency said.

Indictments will be lodged in a Nigerian court “in the next three days,” Godwin Obla, prosecuting counsel at the Economic and Financial Crimes Commission, said in an interview today at his office in Abuja, the capital. An arrest warrant for Cheney “will be issued and transmitted through Interpol,” the world’s biggest international police organization, he said.

Peter Long, Cheney’s spokesman, said he couldn’t immediately comment when contacted today and said he would respond later to an e-mailed request for comment.

Obla said charges will be filed against current and former chief executive officers of Halliburton, including Cheney, who was CEO from 1995 to 2000, and its former unit KBR Inc., based in Houston, Texas; Technip SA, Europe’s second-largest oilfield- services provider; Eni SpA, Italy’s biggest oil company; and Saipem Construction Co., a unit of Eni. Obla didn’t identify the former officials whom he said held office when the alleged bribes were paid.

Last week, Nigeria arrested at least 23 officials from companies including Halliburton, Saipem, Technip and a former subsidiary of Panalpina Welttransport Holding AG in connection with alleged illegal payments to Nigerian officials. Those detained were all freed on bail on Nov. 29.

Read moreNigeria Will Charges Against Dick Cheney in Bribery Scandal

Federal Reserve to Name Recipients of $3.3 Trillion in Aid During Crisis

Dec. 01 (Bloomberg) — The Federal Reserve, under orders from Congress, plans today to identify recipients of $3.3 trillion in emergency aid the central bank provided as it fought the worst financial crisis since the Great Depression.

The Fed intends to post the data on its website at midday in Washington to comply with a provision in July’s Dodd-Frank law overhauling financial regulation. The information spans six loan programs as well as currency swaps with other central banks, purchases of mortgage-backed securities and the rescues of Bear Stearns Cos. and American International Group Inc.

The disclosures may heighten political scrutiny of the central bank already at its most intense in three decades. The Fed’s Nov. 3 decision to add $600 billion of monetary stimulus has met with backlash from top Republicans in Congress, who said in a Nov. 17 letter to Chairman Ben S. Bernanke that the action risks inflation and asset-price bubbles.

“It is quite conceivable it is going to stir up the political pot,” said Ward McCarthy, chief financial economist at Jefferies & Co. Inc. in New York. “But political criticism isn’t going to prevent them from doing what they need to do. An important part of being a Fed official is to understand whatever you do is going to come under scrutiny.”

Read moreFederal Reserve to Name Recipients of $3.3 Trillion in Aid During Crisis