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GOLD, SILVER, CURRENCIES
Gold And Silver – Your Economical survival Depends On them
By Michael Noonan - GoldSeek.com
We had planned on writing about China's emergence as the world's new superpower, while the United States keeps sliding into Third World status, but we cannot escape the more cogent political implications/ramifications of the diverging paths between the two countries. Actually, the United States has turned direction from a positive influence to a negative one with almost all other countries in the world.
There is no other country aggressively pursuing war and human rights violations more than the United States is, today. The US has engaged in perpetual warfare with one country after another in the Middle East: Iraq, on totally false pretenses, [Weapons of Mass Destruction]; Afghanistan, [seeking control of the drug trade]; Syria, a huge embarrassment to aggressor Obama, who claimed the use of chemicals in war, and to the extent of any truth, the supplies came from Saudi Arabia via Great Britain, both US allies. It took the intervention of Russian President Vladimir Putin to stop the Obama lies and deception to prevent another Iraqi-style deceit as excuse for another "invasion."
There Is Too Little Gold in the West
The history of gold's flight to the developing world
By Alasdair Macleod - GoldSeek.com
Western central banks have tried to shake off the constraints of gold for a long time, which has created enormous difficulties for them. They have generally succeeded in managing opinion in the developed nations but been demonstrably unsuccessful in the lesser-developed world, particularly in Asia. It is the growing wealth earned by these nations that has fuelled demand for gold since the late 1960s. There is precious little bullion left in the West today to supply rapidly increasing Asian demand. It is important to understand how little there is and the dangers this poses for financial stability.
In the face of an uncertain future, gold remains the best insurance policy
The metal is the only store of wealth that has a proven track record over thousands of years, and as such it should be an essential part of every portfolio
By John Ficenec - Telegraph.co.uk
The market price of gold may have fallen during the year, but hoarding of the precious metal by central banks and private individuals is approaching record levels.
In trading terms, it has been a tough year for the yellow metal. The price of gold has fallen 28pc during the past 12 months. However, the fundamentals, characteristics and attractions of gold are undiminished because we remain in times of extreme intervention by governments around the world, the outcome of which is completely unknown.
Why the Fed and the US Government Confiscated Gold in 1933, And What They May Be Doing Now
Jesse's Cafe Americain
"He who does not punish evil commands that it be done." ~ Leonardo da Vinci
I believe that this example of how the Fed and the US government 'directed' gold to preferred parties prior to a major revaluation is even more relevant now than I did when I first wrote about this in 2009.
As you know, I think that a new 'Bretton Woods' will be reconstituted at some point, and what we are seeing right now is a vigorous 'negotiation of terms' between the Anglo-American banking cartel and the developing countries, or at least those that cannot be cowed by force. The wild card is why China has been included so graciously and so deeply in the scheme, and what role they are expected to play.
This has been referred to here and other places for some time now as the 'currency war.'
Gold: A Chance for a Bottom
BY CARL SWENLIN - FinancialSense.com
After making a bear market low in June, gold rallied about 20%. Then from the August top, price headed back down for a possible retest of the June low.
There is a good chance that the retest will fail, sending bear market prices to lower levels, but there is also a good chance that a double bottom will form, possibly setting the base for a new bull market in gold. Price is currently pushing into the apex of a falling wedge formation. If it breaks up through the top of the wedge, which is the technical expectation, that would be the first step in forming the bullish double bottom.
The Most Important Gold Chart in the World
by Greg Guenthner - DailyReckoning.com
Ever since gold broke below critical support back in April, you've been inundated with statistics, price targets and countless charts. There's certainly no shortage of gold analysis these days.
But today, I want you to forget everything you've read about gold over the past eight months. Forget about production statistics, inflation guesses, or jewelry demand in Asia. Heck you can even discard the annotations on every other gold chart you've seen this year…
The most important gold chart in the world right now is the long-term look at the Dow/gold ratio– the Dow Jones Industrial Average priced in gold.
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NEW info from Lindsey Williams...
GoldSeek Radio - Dec 6, 2013 [ft James Turk & Pastor Lindsey Williams]
Published on Dec 8, 2013
GoldSeek Radio's Chris Waltzek talks to James Turk of GoldMoney and Pastor Lindsey Williams
Global Currency RESET coming…
Taxing Times PDF - IMF Report Oct 2013, just released
Time Out Lindsey: Williams Global Currency Reset 2013-12-06
Published on Dec 6, 2013
Time Out Productions presents Former ARCO chaplain Lindsey Williams. Mr. Williams speaks on a planned Global currency reset planned to take place before the end of March 2014.
Hedge Fund Gold Wagers Slump to Lowest Since 2007: Commodities
By Luzi Ann Javier - Bloomberg.com
Hedge funds are the least bullish on gold since 2007 as signs of faster U.S. economic growth bolster the case for the Federal Reserve to trim stimulus and cut demand for haven assets.
The net-long position in gold fell 16 percent to 26,774 futures and options in the week ended Dec. 3, the lowest since June 2007, U.S. Commodity Futures Trading Commission data show. Short bets rose 6.2 percent to 79,631, within 0.6 percent of the record reached in July. Net-bullish wagers across 18 U.S.-traded commodities climbed to a four-week high. The Standard & Poor's GSCI Spot Index of 24 raw materials capped the biggest weekly gain since August as faster economic growth boosted prospects for energy, metals and grains consumption.
5 CHARTS: The Real Story Behind Silver
By: Steve St. Angelo - SilverSeek.com
As the world continues down the road of self-destruction via its highly leveraged paper financial markets, there's a much more fascinating story worth looking at. Hidden from the majority of the public and misunderstood by many of the so-called professional metal analysts, is the Real Story Behind Silver.
One of the reasons why we are all in such a big mess today, is due to the failure of the analyst community to provide the public with honest, meaningful and proper data and information. As I have mentioned several times before, there's only a few good analysts out there.... and a whole bunch of losers. Unfortunately, the investing public has no idea that it is being misled due to this increasingly worthless shortsighted analysis.
Killing the U.S. Dollar: 100 Years and Counting
by Gregory Bresiger - DailyReckoning.com
End America's central bank because it caused the crashes of 2008, 1987, and 1929 and will blunder again.
That's what many critics are saying about the Federal Reserve System (the Fed), which turns 100 on December 23. They note that on the Fed's watch America has endured numerous bubbles, crashes, and inflationary cycles that have greatly devalued the dollar. The Fed, they say, has caused or aggravated several crashes.
The Fate of Dollar Hegemony
My Two Cents
By Andy Sutton - GoldSeek.com
Despite the quiet nature of things lately from a geopolitical standpoint, coupled with the mainstream media's obsession with new nominal highs in the various paper indexes, there is definitely turbulence below the surface. There have already been a number of thought-provoking articles written regarding the future of dollar hegemony and the purpose of this week's piece is to hopefully add to the discussion and stimulate some thought.
Yet another massive nail in the dollar's coffin
By Simon Black - SovereignMan.com
On the other side of the world today, a couple of gentlemen that few people have ever heard of signed an agreement that has massive consequences for the global financial system.
It was a Memorandum of Understanding signed by representatives of the Singapore Exchange and Hong Kong Exchange. Their aim– to combine their forces in rolling out more financial products denominated in Chinese renminbi.
This is huge.
ECONOMICS, FINANCE, THE FED, BANKING, INTERNATIONAL
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Amend the Fed: We Need a Central Bank that Serves Main Street
By Ellen Brown
December 23rd marks the 100th anniversary of the Federal Reserve. Dissatisfaction with its track record has prompted calls to audit the Fed and end the Fed. At the least, Congress needs to amend the Fed, modifying the Federal Reserve Act to give the central bank the tools necessary to carry out its mandates.
The Federal Reserve is the only central bank with a dual mandate. It is charged not only with maintaining low, stable inflation but with promoting maximum sustainable employment. Yet unemployment remains stubbornly high, despite four years of radical tinkering with interest rates and quantitative easing (creating money on the Fed's books). After pushing interest rates as low as they can go, the Fed has admitted that it has run out of tools.
Ellen Brown on Bail-ins (the Big Disaster Coming), GMO Foods, Trans Pacific Partnership (TPP)
Ellen Brown, founder of WebofDebt.com, thinks so-called 'bail-ins' are coming. Depositors' money will be legally taken. Brown says, "That's the big disaster that's coming. Probably one of these big derivative banks will go bankrupt . . . the derivative players will get first dibs. They'll grab all the deposits, and there won't be anything left." Join Greg Hunter as he goes One-on-One with author and journalist Ellen Brown.
Is the Fed's 'holding to maturity' policy just a free pass?
By John Crudele - NYPost.com
….For the moment, let's focus on Treasuries securities. As you know, when the Fed buys Treasuries, it creates money to execute the actual purchase in the hope that the excess liquidity/reserves will eventually be put to work in the economy in some growth-related fashion.
Conversely, when the Fed sells an asset like a Treasury security, it receives money for the asset, which can simply be "de-created," i.e., make the money disappear. That's one of the tools to cool down an overheating economy (we all wish).
So, here is my problem with this idea that if the Fed holds securities until maturity that it will somehow make balance sheet reduction easier.
Fed's Plan to Taper Stimulus Effort Is Not Expected Until Next Year
By BINYAMIN APPELBAUM - NYTimes.com
WASHINGTON — Federal Reserve officials are in no hurry to retreat from their bond-buying campaign to stimulate the economy and are likely to postpone any cuts to the program until next year, according to public statements by Fed officials and interviews with some of them.
Job growth has strengthened in recent months, and Fed officials expect continued improvement in the coming year. The Fed's chairman, Ben S. Bernanke, predicted in June that the Fed would taper its purchases by the end of this year, and officials say they still could announce such a cut next week, when the Fed's policy-making committee is scheduled to hold its final meeting of the year.
USA in worse shape than Detroit...
Professor Laurence Kotlikoff- Fed Printing 29 Cents of Every Dollar Uncle Sam Spends
Dr. Laurence Kotlikoff says, "The government is printing mountains of money to pay its bills. The Fed is printing 29 cents of every dollar that Uncle Sam is spending." What happens if this continues? Dr. Kotlikoff, a Professor of Economics at Boston University, says, "Eventually somebody recognizes this and starts dumping the bonds, and interest rates go up, and inflation takes off, and were off to the races." In closing, Dr. Kotlikoff warns, "This is going to crash, but there are different ways for cancer to kill you. It can be very gradual . . . or it can attack some organ and you can die overnight. Either of those outcomes can happen."
Jobs report moves Fed closer to 'QE' taper
Federal Reserve officials are closer to winding down their controversial $85 billion–a–month bond-purchase program, possibly as early as December, in the wake of Friday's encouraging jobs report.
By John Hilsenrath - MarketWatch.com
Fed Chairman Ben Bernanke will have to build consensus among officials about how soon to pull back on a program that has been the center of market attention for months and whose effectiveness isn't wholly clear. Many are getting more comfortable with starting a delicate process of winding the program down, though disagreements about timing and strategy could emerge, according to public comments and interviews with officials.
37 Reasons Why "The Economic Recovery Of 2013″ Is A Giant Lie
By Michael Snyder - TheEconomicCollapseBlog.com
"If you repeat a lie often enough, people will believe it." Sadly, that appears to be the approach that the Obama administration and the mainstream media are taking with the U.S. economy. They seem to believe that if they just keep telling the American people over and over that things are getting better, eventually the American people will believe that it is actually true. On Friday, it was announced that the unemployment rate had fallen to "7 percent", and the mainstream media responded with a mix of euphoria and jubilation. For example, one USA Today article declared that "with today's jobs report, one really can say that our long national post-financial crisis nightmare is over." But is that actually the truth? As you will see below, if you assume that the labor force participation rate in the U.S. is at the long-term average, the unemployment rate in the United States would actually be 11.5 percent instead of 7 percent. There has been absolutely no employment recovery. The percentage of Americans that are actually working has stayed between 58 and 59 percent for 51 months in a row. But most Americans don't understand these things and they just take whatever the mainstream media tells them as the truth.
Euthanasia of the Economy
BY JOHN MAULDIN - FinancialSense.com
Today's Outside the Box comes to us from my good friend and business partner Niels Jensen of Absolute Return Partners in London. Niels gives us an excellent summary of how QE has affected the global economy (and how it hasn't). I have found myself paraphrasing Niels all week.
I also want to call to your attention an interview first posted at ZeroHedge between my friends Chris Whalen and David Kotok. This is an inside-baseball view of a not-so-minor issue involving central banks and ZIRP. The FDIC charges 7-10 basis points on deposits for the national deposit insurance scheme. At close to the zero bound, the fee means that banks can lose money on deposits. As Chris and David point out, this is just another distortion being fed into the system. David was the first to introduce me to this concept (and rather passionately). I have not written about it because it gets complicated quickly, but it highlights a very serious problem and one that is not dissimilar to the deflationary aspects of the Basel III requirements, working at odds with what central bankers are trying to do. This goes with my long-held contention that the models the Fed and all central banks are working with are simply inadequate to describe the complexity of the global economy, and we have no true idea what we are doing, just a guess and a hope.
How Elizabeth Warren Is Scaring the Crap Out of Think Tanks and Banks
by Natasha Hakimi - Truthdig.com
Elizabeth Warren—with her eloquent informed proposals and speeches that speak to the true needs of the American people, with her outright disdain for Wall Street and desire to bolster Social Security and the minimum wage as well as lower federal student loan rates—is a scary woman.
The Massachusetts senator caused a stirthis week after the Third Way think tank wrote an op-ed Monday warning Democrats not to follow Warren "over the populist cliff." Ever poised, Warren did not respond directly to Third Way's Jon Cowan and Jim Kessler, who wrote the piece in The Wall Street Journal claiming "a vision of pragmatic progressive government, not fantasy-based blue-state populism" is what will get the Democrats re-elected. Instead she wrote a letter to six CEOs at the head of some of the most prominent financial institutions, demanding the banks disclose what think tanks they funded since policymakers, shareholders and the public all had the right to know about these contributions in order to evaluate think tanks' work. Stating that the concealment of these contributions is blatantly "wrong" in her opinion, Warren added that banks and think tanks had no legal obligation to disclose such information, but called for "transparency" and offered to discuss it further with those interested in doing so.
Keiser Report: Banker Bego-crats (E532)
Published on Dec 5, 2013
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss the need for powers to stop the aggressive banker bego-crats constantly shaking down those passing the City. They look at 'Goldman Sachs with guns' in Japan and the shakedown unit at RBS and their threatening messages demanding money from small businesses. In the second half, Max interviews Ned Naylor Leyland of Quilter Cheviot Asset Management about the latest on the German and UK investigations into the manipulation of the gold fix. They look at infinite rehypothecation in the London Dustbin and the exit of Bart Chilton from the CFTC as the pin-up girl for silver price manipulation.
Gross Unheeded by Japan Seeing U.S. Disinflation Buoying Bonds
By Wes Goodman - Bloomberg.com
Honed by 15 years of falling consumer prices that burnished the appeal of fixed-income assets in Japan, the Asian nation's bond buyers are amassing long-term Treasuries as disinflation emerges in the U.S.
Led by Mizuho Asset Management Co., at least five money managers that oversee a combined $236 billion are snapping up Treasuries due in about a decade as inflation-adjusted yields approach the highest level since 1998 relative to Japanese government bonds. Japan'sholdings of U.S. debt rose by $98.2 billion last quarter, the second-largest increase since the Treasury Department began releasing the data in 2000.
Europe repeating all the errors of Japan as deflation draws closer
The whole eurozone must have a higher inflation rate to lift the South far enough above the deflation line to gain breathing room
By Ambrose Evans-Pritchard - Telegraph.co.uk
Europe is one shock away from a deflation trap. A surprise anywhere in the world is all that it needs: an upset in China as the credit bubble pops, or a global bond shock as the US Federal Reserve winds down monetary stimulus.
Producer price inflation (PPI) fell to -1.4pc in the eurozone in October. This is how deflation becomes lodged in the price chain.
China Bull Prepares to Charge
by Frank Holmes - DailyReckoning.com
If the sweeping economic reforms planned by Chinese leaders during the Third Plenum can be our guide, it looks to be a promising decade for global investors. Details released recently confirmed President Xi Jinping's concerted efforts to move China toward a market-based economy that mirrors the West.
The plan's comprehensive nature and the level of clarity evidently pleased investors, as many Chinese stocks experienced a pop. We're pleased U.S. Global Investors' China Region Fund (USCOX) also participated:
ECB's Mario Draghi denies Japanese-style deflation risk, drives euro even higher
Mario Draghi said the ECB is studying what happened in Japan at the onset of its Lost Decade in the 1990s, insisting that Europe is unlikely to go the same way
By Ambrose Evans-Pritchard - Telegraph.co.uk
The European Central Bank has cut its inflation forecast for the next two years and promised "powerful artillery" to boost the eurozone economy if necessary, but offered no concrete measures to halt the drift towards deflation.
The euro punched to a five-week high of nearly $1.37 against the dollar and £0.84 against the pound as traders bet that the ECB's governing council is too divided to take decisive action. Yields on 10-year Italian and Spanish bonds jumped seven basis points as credit tightened across the board.
Merkel denies pressuring Spain on bailout
BY VALENTINA POP - EUObserver.com
BERLIN - German Chancellor Angela Merkel has "no memory" of allegedly pressuring Spain on taking a bailout in 2011, her spokesman Steffen Seibert said on Friday (6 December).
Former Spanish Prime Minister Jose Rodriguez Zapatero last week published a book called "The Dilemma" about his last years in office, recalling how Merkel, as well as the heads of the European Central Bank (ECB) and the International Monetary Fund (IMF) approached him during 2010-2011 to ask his country to take a bailout.
HEALTH CARE, MEDICINE, AHCCA (OBAMACARE)
70% Of Calfornia's Doctors Expected To Boycott Obamacare
by Tyler Durden - ZeroHedge.com
"We need some recognition that we're doing a service to the community. But we can't do it for free. And we can't do it at a loss. No other business would do that," exclaims the president of the California Medical Association, as The Washington Examiner reports, independent insurance brokers estimate 70% of California's 104,000 licensed doctors are boycotting the exchange. "The Covered California board says we have plenty of doctors, and they allege they have 85 percent of doctors participating, but they've shown no numbers," and if a large number of doctors either balk at participating in the exchange or retire, the state's medical system could be overwhelmed. "Enrollment doesn't mean access, because there aren't enough doctors to take the low rates of Medicaid," warns one health director. "There aren't enough primary care physicians, period."
Megyn Kelly ~ Obamacare Fallout: Some Doctors Opting Out Of HC Exchanges
Published on Dec 7, 2013
Doctor, Nurse Vacancies Soar Amid Obamacare Rollout
By Bruce Japsen, Contributor - Forbes.com
Doctor and nurse vacancies are approaching nearly 20 percent at hospitals as these facilities prepare to be inundated by millions of patients who have the ability to pay for medical care thanks to the Affordable Care Act.
A survey by health care provider staffing firm AMN Healthcareshows the vacancy rate for physicians at hospitals near 18 percent in 2013 while the nurse vacancy rate is 17 percent. That vacancy rate is more than three times what it was just four years ago when vacancies for nurses were just 5.5 percent in 2009 while vacancies for doctors were 10.7 percent.
Ezekiel Emanuel: If you want to pay more for your doctor, you can under Obamacare
By David Sherfinski-The Washington Times
Dr. Ezekiel J. Emanuel, a bioethicist and architect of President Obama's health care law, offered a somewhat novel explanation for Mr. Obama's now-debunked promise that if people liked their doctors and health insurance plans, they could keep them under the law.
"The president never said you were going to have unlimited choice of any doctor in the country you want to go to," Dr. Emanuel said on "Fox News Sunday." "[I]f you want to pay more for an insurance company that covers your doctor, you can do that. This is a matter of choice. We know in all sorts of places you pay more for certain — for a wider range of choices or a wider range of benefits."
Feds against paper health applications
By Rebecca Shabad - TheHill.com
Federal health officials have been advising ObamaCare counselors this week to stop using paper applications to enroll people — out of fear that the applications wouldn't be processed in time.
Based on interviews the Associated Press conducted, enrollment counselors and brokers facilitating the insurance sign-up process have been advised by the Obama administration to stop using paper.
Uninsured consumers in the United States must sign up for health insurance by Dec. 23 in order to receive coverage starting Jan. 1.
California Obamacare exchange giving out customer information
By Tim Cavanaugh - DailyCaller.com
Widespread fears that Affordable Care Act exchanges would fail to guard customer information are already coming true in California, where the state exchange is giving selected insurance agents customer contact information, resulting in unwanted calls and emails to Californians who have checked out the exchange but declined to buy insurance.
The Los Angeles Times' Chad Terhune reports that Covered California, which Obamacare proponents have held up as a rare example of a functioning state health care exchange, provides names, addresses, phone numbers and email addresses of customers who did not ask to be contacted.
Wifi, Microwaves and the Consequences to our Health - Barrie Trower
Published on Aug 20, 2013
Mr. Barrie Trower, a British physicist who was a microwave weapons expert and who worked for the Royal Navy and the British Secret Service, talks about the health effects of WiFi and other forms of microwave radiation.
Mr. Trower came out of retirement because he was concerned that the microwave frequencies and intensities to which children are exposed in schools are similar to those used for microwave weapons.
DOMESTIC NEWS, REAL ESTATE, EDUCATION, JOBS
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Detroit ruling opens door to pension cuts across the nation
A bankruptcy judge's ruling that Detroit's pension funds — like its other creditors — can take a hit might lead other financially troubled cities down the same path, experts say.
By Alana Semuels - LATimes.com
For 34 years, Gwendolyn Beasley worked as a clerk at the Detroit Public Library and paid a portion of her salary into a fund that would someday help pay for her pension.
Now retired, Beasley, 67, receives $1,500 a month from that pension. But she's cutting back on spending after a judge ruled last week that Detroit's pension funds, like other city creditors, may have to take a hit as the city reorganizes its finances under bankruptcy.
As the unemployed wait, lawmakers debate about extended benefits
By David Sherfinski-The Washington Times
Congressional Democrats and Republicans are fighting over whether to extend unemployment benefits set to expire at the end of the month — a top priority for President Obama — and appear at odds over how exactly to pay for the approximately $26 billion that a one-year extension would cost.
A top Democrat said Sunday that extending the long-term benefits for those out of work for more than six months doesn't necessarily have to be tied to a budget agreement that is under negotiation by the two parties.
Festival of Dangerous Ideas 2013: David Simon - Some People are More Equal than Others
Published on Nov 6, 2013
There are two Americas. In one, bankers get golden parachutes, insider traders return to society as well-paid consultants, and influence is for sale. In the other, opportunity is scarce and forgiveness scarcer, jail awaits those caught possessing recreational drugs, and cries for help are ignored. Society preaches forgiveness for the rich and retribution for the poor. Entrenched inequality and its companion, poverty, are the dark side of the American dream for a citizenry united by name, but not by rules…. read more at above link
Warning: Jobless rate may be rigged
By John Crudele - NYPost.com
The most curious thing of all about the November jobs report released on Friday was the huge drop in the unemployment rate — and the fact that the Labor Department chose not to disclose that the data going into that figure are under investigation for falsification.
On Nov. 19, I broke the news in my column that the Census Bureau, which collects data that goes into the jobless rate on behalf of Labor, had caught one of its enumerators fabricating interviews in 2010.
Obama: Hole U.S. 'digging out of' requires billions more in unemployment benefits
By Dave Boyer-The Washington Times
Although the jobless rate in November fell to its lowest level since he took office, President Obama called on Republican lawmakers Saturday to spend tens of billions on unemployment benefits that are set to expire this month.
"It shouldn't be a partisan issue," Mr. Obama said in his weekly address. But he said the "economic lifeline" is in jeopardy.
Chris Hedges on 'The Pathology of the Rich'
by Alexander Reed Kelly - Truthdig.com
Truthdig columnist Chris Hedges discussed "the psychology of the super rich: their sense of entitlement, the dehumanization of workers, and mistaken belief that their wealth will insulate them from the coming storms" with The Real News Network's senior editor, Paul Jay.
Of the conditions that shape the thinking and values of the rich, Hedges said:
"The rich are different, because when you have that much money, then human beings become disposable. Even friends and family become disposable and are replaced. And when the rich take absolute power, then the citizens become disposable, which is in essence what's happened. There is a very callous indifference.
The Pathology of the Rich - Chris Hedges on Reality Asserts Itself pt1
Published on Dec 5, 2013
On RAI with Paul Jay, Chris Hedges discusses the psychology of the super rich; their sense of entitlement, the dehumanization of workers, and mistaken belief that their wealth will insulate them from the coming storms
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Credibility of the Ruling Elite is Being Shredded -- Chris Hedges on Reality Asserts Itself pt2
Published on Dec 7, 2013
On RAI with Paul Jay, Chris Hedges says that while people are disgusted with the centers of power, unless there is a constructive alternative, any eruption will be nihilistic and could be fascist
China's 'Ghost Cities' Have Nothing On The 'Ghost Country' That Is The U.S.
By John Tamny, Forbes Staff
China's rise as an economic powerhouse is one of the happiest stories of modern times. Though its citizens once struggled in horrific ways under the brutal thumb of a totalitarian government, now its people are increasingly enjoying the fruits of capitalism. And while its naive detractors would say otherwise, capitalism loves poor people more than anyone as China's leap from extreme poverty reveals.
It's also important to point out that China's embrace of capitalism has been profoundly good for all Americans. Particularly amid our own difficult economic times, every day that the Chinese get up to go to work means Americans get a raise for Chinese workers producing all manner of products that cost us less and less as manufacture in China is perfected.
Black Friday Protests at Walmart Staffed by Professional Activists
Report: Few of the protesters actually work at Walmart
BY: Bill McMorris - FreeBeacon.com
The Black Friday protests at a Walmart in Washington state featured more paid union activists than actual employees, according to a new report.
The Freedom Foundation, a Washington free market think tank, found that the majority of protesters in the Evergreen state were "paid union activists" and that few Walmart employees participated in the protests.
Judge Napolitano ~ Right To Remain Silent: Police Shooting Sparks Policy Change
Published on Dec 5, 2013
The Prison Industry in the United States: Big Business or a New Form of Slavery?
By Vicky Pelaez - Global Research.ca
Human rights organizations, as well as political and social ones, are condemning what they are calling a new form of inhumane exploitation in the United States, where they say a prison population of up to 2 million – mostly Black and Hispanic – are working for various industries for a pittance. For the tycoons who have invested in the prison industry, it has been like finding a pot of gold. They don't have to worry about strikes or paying unemployment insurance, vacations or comp time. All of their workers are full-time, and never arrive late or are absent because of family problems; moreover, if they don't like the pay of 25 cents an hour and refuse to work, they are locked up in isolation cells.
POLITICS, OP/ED, GOV WATCH, GLOBALISM, RELIGION
Government by Big Business Goes Supranational
The Corporate Invasion
by LORI WALLACH - CounterPunch.com
Imagine what would happen if foreign companies could sue governments directly for cash compensation over earnings lost because of strict labour or environmental legislation. This may sound far-fetched, but it was a provision of the Multilateral Agreement on Investment (MAI), a projected treaty negotiated in secret between 1995 and 1997 by the then 29 member states of the OECD (Organisation for Economic Cooperation and Development) (1). News about it got out just in time, causing an unprecedented wave of protests and derailing negotiations.
Now the agenda is back. Since July the European Union and the United States have been negotiating the Transatlantic Trade and Investment Partnership (TTIP) or Transatlantic Free Trade Agreement (TAFTA), a modified version of the MAI under which existing legislation on both sides of the Atlantic will have to conform to the free trade norms established by and for large US and EU corporations, with failure to do so punishable by trade sanctions or the payment of millions of dollars in compensation to corporations.
If Someone Wanted To Destroy America On Purpose…
By Michael Snyder - TheTruthWins.com
"Let's say somebody were [in the White House] and they wanted to destroy this nation. I would create division among the people, encourage a culture of ridicule for basic morality and the principles that made and sustained the country, undermine the financial stability of the nation, and weaken and destroy the military. It appears coincidentally that those are the very things that are happening right now."
Economic Hitmen and the American Empire with John Perkins
Published on Dec 8, 2013
John Perkins, author of Confessions of an Economic Hitman, and much more, discusses the corporate worldwide empire, global debt trap, and how the planet's economic engine runs on blood and suffering in this Buzzsaw interview. The mega-selling author discusses the truth about financial oppression and conspiracy, and how the world can be rewired to liberate humanity with host Sean Stone in this uncensored interview on TheLipTV.
Was Hillary Clinton a good secretary of state?
And does it matter?
By SUSAN B. GLASSER - Politico.com
Not so long ago, Hillary Clinton was being lauded as an exemplary secretary of state. After four years and nearly a million miles logged as America's top diplomat, she stepped down to a torrent of praise. "The most consequential secretary of state since Dean Acheson," enthused Google's Eric Schmidt. "Stellar,"pronounced Bloomberg's Margaret Carlson. Even Republican Sen. John McCain, while criticizing her response to the killing of U.S. officials in Benghazi, went out of his way to compliment her "outstanding" State Department tenure.
That was then.
When the Atlantic published an admiring 10,000-word profile of Secretary of State John Kerry the other day, the surprise was not so much that the author, two-time Pulitzer Prize winner David Rohde, found himself impressed by the headlong diplomatic forays of the peripatetic Kerry, but the downbeat assessment of Kerry's much more reserved predecessor. The headline? "How John Kerry Could End Up Outdoing Hillary Clinton." A few days later, the New York Times chimed in with an article on the "tough comparisons with Kerry" Clinton is now facing, summing up the debate as one over whether she was anything more than a "pantsuit-wearing globe-trotter" in her years as secretary.
WTO agrees to pursue $1 trillion trade pact
By Wallace Witkowski, MarketWatch.com
SAN FRANCISCO (MarketWatch) — World Trade Organization ministers reached an agreement Saturday that could potentially add up to $1 trillion to the global economy.
The WTO ended its ninth ministerial conference in Bali with an agreement to simplify customs procedures aimed at reducing the cost of trade by about 10% to 15%, adding an estimated $400 billion to $1 trillion to the world economy.
ENERGY, CLIMATE, NATURAL DISASTERS
Shipping Crude Oil by Rail: New Front in Tar Sands Wars
As debate over the Keystone XL and other pipeline projects continues, crude oil from the Alberta tar sands and western U.S. oil fields is increasingly being hauled by railroad. Critics warn that this development poses a threat not only to the environment but to public safety.
by Jacques Leslie - GlobalResearch.ca
On New Year's Eve 2009, a train with 104 tank cars of light crude oil traveled 1,123 miles from North Dakota's Bakken oil fields to a terminal in Stroud, Oklahoma, and opened a new front in the war over development of Canada's tar sands.
It didn't seem that way at the time. EOG Resources, the company that owned the oil, simply needed a way to get its crude out of North Dakota, where production since the advent of oil fracking there nearly a decade earlier had far exceeded the capacity of available pipelines and trucks. The 2009 shipment is now considered a bellwether event, marking the first significant movement of U.S. crude oil by rail in many decades. Less than four years later, railroads have shipped as much as 600,000 barrels a day from the Bakken and are transporting crude not just from North Dakota but from oil-fracking sites in Montana, Texas, Utah, Ohio, Wyoming, Colorado, and southern Canada. Across North America, trains are now moving nearly a million barrels of crude a day, and that number will continue to grow rapidly.
White House Triples Agency Renewable Energy Mandates
By Charles Kennedy - OilPrice.com
In an executive order released on 5 December, President Barack Obama has tripled the mandate for use of renewable sources of energy for federal agencies by 2020.
According to the executive order federal agencies will have to replace 20% of the electricity they use with renewable sources by 2020—up from a 2005 mandate of 7.5% by 2013. This includes all federal agencies both civilian and military.
US Towns Sued for Illegal Fracking Bans
By Joao Peixe - OilPrice.com
Fracking has allowed the US to massively boost its oil and gas production, yet whilst the technology has arguably saved the country's economy, it has also divided the nation, between those who support the controversial drilling technique and those that oppose it.
Several towns and cities around the US have voted to ban all fracking practices within their jurisdiction, and now the oil companies, angry at being denied access to buried shale reserves, have begun to file casesagainst these cities. This is beginning to raise the question as to whether or not local governments have the power to introduce laws that ban fracking.
The Fukushima Coverup: "Biggest Industrial Catastrophe in the History of Mankind"
Global Research News Hour Episode 46. Conversations with Yoichi Shimatsu and Hatrick Penry
By Michael Welch - GlobalResearch.ca
The harnessing of the power of the atom was one of the signature technological achievements of the twentieth century.
The awesome possibilities of nuclear energy presented humanity with an opportunity to mature beyond the need for endless war and conquest with ever more potent weapons, or to destroy itself in a blaze of neutronic hubris.
An opportunity to evolve or perish.
The iWallet Is Coming
By Tristan Louis, Contributor - Forbes.com
This week, Apple unveiled the first large-scale integration of iBeacon, a technology that, when coupled with their fingerprint identification system, may be another building block in building a revolutionary new payment system.
What is iBeacon?
Before we go into the details as to how this new frictionless approach to payment will work, let me explain what its component pieces are. In very simple terms, iBeacon is an indoor positioning system. While your GPS can identify where you are, its accuracy can be limited by a number of factors when you are indoors. So iBeacons are little radio transmitters that use very small amounts of electricity and can send information to a smartphone. The technology leverages improvements in the Bluetooth standards called Bluetooth Low Energy and is available on every iOS device since the iPhone 4S and every Android phone that supports Bluetooth 4.0 and Android OS 4.3 or later (that means that popular devices like the Samsung Galaxy S III and 4, the Nexus 4 or later, HTC One, and Droid DNA all support it).
The Death of the World's Freest Market
by Dominic Frisby - DailyReckoning.com
….It isn't sites like Silk Road the state should be scared of. It's the likes of Bitcoin — independent money. Only by its monopoly of money is the state able to do what it does, to wage wars and grow so big and invasive. But some form of digital currency, gold backed or otherwise, is going to supersede government money within a generation, probably sooner, just as email replaced the letter.
And once the state loses its monopoly on money, it's toast.
Then the real fun begins.
* * * * *
Bill Still on Bitcoin: Humanity Has Finally Figured Out a Way to Escape the Money Masters
Still Report #141 MIT Economist Predicts
Published on Dec 8, 2013
As it turns out, an MIT economics professor predicted that the big banks and governments would attack Bitcoin two months ago.
Profit from The Bitcoin Tulipmania & The Gold Cartel
by Deepcaster - GoldSeek.com
It is no secret that an investment in Bitcoins – the Digital Non-National Currency – has generated Phenomenal Profits recently. Profits, that is, for those who bought early and chose to sell before the recent Chinese "Bitcoin Veto" Announcement.
But as an unbacked Fiat Currency, (i.e., unbacked by any Tangible Asset such as Gold and thus without Intrinsic Value) Bitcoin is more than a Bit Vulnerable to Tulipmania, that is, to Speculative Booms and Crashes and Ultimate Destruction – the Fate of all such Fiat Currencies in World History. But there is a way to Profit and Protect from the ongoing Bitcoin Tulipmania, without the Great Risk of taking Speculative Long or Short position in Bitcoins themselves. Read on.
TECHNOLOGY, SCIENCE, PRIVACY, SUPERNATURAL, FUTURISM
FBI Able "For Several Years" To Secretly Turn On Laptop Cameras
By Madison Ruppert - ActivistPost.com
In a recent report by The Washington Post, it was revealed that the FBI has been able to secretly activate a target's laptop camera "without triggering the light that lets users know it is recording" for several years.
While this may be surprising to some, it really shouldn't be. Previous reports revealed that the FBI employs hackers to create software to remotely activate the microphones on laptops and cell phones as well as cameras. The U.S. government has also become the world's largest buyer of malware. The NSA also recommended physically removing the webcam from Apple laptops for security reasons
Edward Snowden to give evidence to EU parliament, says MEP
British Conservatives oppose video appearance by NSA whistleblower, which Green MEP says could happen this year
By Philip Oltermann in Berlin - TheGuardian.com
The European parliament is lining up Edward Snowden to give evidence by video link this month, in spite of resistance by British Conservatives, a Green MEP has announced.
Jan Philipp Albrecht, a German Green MEP, said parliamentarians wanted Snowden to appear before the assembly's committee on civil liberties, justice and home affairs (LIBE).
Albrecht said it would represent a great success for the parliament's investigation into mass surveillance of EU citizens.
FOREIGN ENTANGLEMENTS, GLOBAL CONFLICT, WARS
Al Qaeda in Syria has sarin: Russia ready to deal with Syrian Al Qaeda plot against Sochi Olympics
It was commonly assumed that Prime Minister Binyamin Netanyahu and President Vladimir Putin discussed the forthcoming Geneva nuclear accord with Iran when they met in Moscow on Nov. 20. But according to DEBKAfile's intelligence and counter-terror sources, they focused on two quite different topics.
One was possible Russian-Israeli military and intelligence cooperation against al Qaeda elements in Syria in which both are keenly interested. Israel is shoring up its defenses against potential cross-border terrorist attacks mounted from al Qaeda bases in Syria, while Putin has gone to great lengths to secure the high-prestige Winter Olympics taking place at the Russian Black Sea resort of Sochi Feb. 7-23.
The other topic of conversation was Moscow's interest in a stake for Russian oil and gas companies in laying the pipelines for the export of Israeli offshore Mediterranean gas to European markets.
By mutual consent, the Iranian issue on which they are deeply divided was scarcely touched on.
Iran foreign minister alludes to deceiving Obama administration during nuclear negotiations
By Reza Kahlili - DailyCaller.com
Iranian Foreign Minister Mohammad Javad Zarif called America's assertions about the interim nuclear agreement reached recently in Geneva "nonsense" and said the Islamic Republic's strategy will collapse the sanctions program.
U.S. officials have called the nuclear agreement a first step in rolling back the Islamic regime's nuclear program. President Barack Obama praised them as "substantial limitations" on Iran's nuclear activities — but Zarif said Iran can easily reverse any enrichment limitations.
Congress to Obama: Cancel Iran deal
Lawmakers call for new sanctions, dismantling of Iran's nuke program
BY: Adam Kredo - FreeBeacon.com
Congressional opposition to the recently announced nuclear accord with Iran reached a critical tipping point this week as lawmakers from both sides of the aisle publicly lambasted the deal while pushing for tighter economic sanctions on Tehran.
As the details of an interim nuclear deal reached last month in Geneva become clear, Congressional opposition has grown, leaving the White House to sell a deal that even its allies have dubbed as worrisome.
Israeli president willing to meet Iran's Rouhani
By Rebecca Shabad - TheHill.com
Israeli President Shimon Peres said Sunday he's willing to meet with Iranian President Hassan Rouhani.
"Iran is not our enemy," he told CNN correspondent Richard Quest at the Globes Israel Business Conference in Tel Aviv, the Jerusalem Post reports.
Peres, whose position is merely ceremonial, compared such a meeting to Israel's decision to meet the late Palestinian leader Yasser Arafat ahead of the Oslo peace accords in the 1990s.
Biden in Beijing: Progress, despite distrust
By Dan Steinbock - ATimes.com
To many observers, the scheduling of United States Vice President Joe Biden's visit right in the middle of the dispute over China's declaration of an air defense identification zone (ADIZ) could not have been more unfortunate. However, that view is a bit too grim. The glass is not half empty, but half full. In other words, what really matters is that Washington and Beijing continue to talk, even when they strongly disagree.
Besides, as important as the ADIZ debate is, it is only one of the many issues on the table in the current Sino-US relations.
South Korea declares expanded ADIZ overlapping with other zones
AFP-JIJI - JapanTimes.co.jp
SEOUL – South Korea Sunday declared an expanded air defense zone that overlaps with one announced by China and covers a submerged rock disputed by the two countries, as tensions rise over competing territorial claims.
The defense ministry said its new zone, which will take effect on Dec. 15, would cover Ieodo — a rock in waters off its south coast which China calls Suyan.
The airspace above the Seoul-controlled rock — long a source of tension between South Korea and China — is also covered by Chinese and Japanese air defense zones.
ADIZ stirs fears for South China Sea
By Richard Javad Heydarian
MANILA - China's recent controversial announcement of an air defense identification zone (ADIZ) covering disputed island features in the East China Sea has raised concerns in Southeast Asia that Beijing will soon invoke a similar measure for the hotly contested South China Sea.
The ADIZ encompasses the contested leodo/Suyan rock as well as the Senkaku/Diaoyu islands in the East China Sea, helping to China on a sharper collision course with Japan, South Korea and Taiwan, as well as the United States.
Pentagon: No Unusual Chinese Military Maneuvers Despite Tensions with Japan
Beijing launches first naval exercises since declaring ADIZ
BY: Bill Gertz - FreeBeacon.com
China's military forces are showing no signs of increased alert status or readiness for conflict despite high tensions with Japan over Beijing's air defense zone overlapping U.S. and Japanese air defense coverage of the disputed Senkaku islands.
A senior defense official said U.S. military monitors observed "no unusual military movements" by the Chinese military since the Nov. 23 declaration of the air defense identification zone, which the Pentagon has called "destabilizing."
Impending Japan-China war has the makings of a Clancy classic
BY MARK SCHREIBER - JapanTimes.co.jp
On Nov. 23, China announced the creation of a newly expanded air defense identification zone (ADIZ) in the East China Sea, overlapping a large expanse of territory also claimed by Japan. The move has produced a visceral reaction in the Japanese vernacular media, particularly the weekly tabloids. Five out of nine weekly magazines that went on sale last Monday and Tuesday contained scenarios that raised the possibility of a shooting war.
One can only wonder what sort of tale American "techno-thriller" writer Tom Clancy — author of "The Hunt for Red October" (1984, involving the Soviet Union) and "Debt of Honor" (1994, involving Japan) — might have spun from the scenario that's now unfolding in the East China Sea.
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