At least 87 Dead in Norway Shooting, Bomb Attack

A gunman dressed in police uniform opened fire at a youth camp of Norway's ruling political party on Friday, killing at least 80 people, hours after a bomb killed seven in the government district in the capital Oslo

 

 

 

Single White Norway Psychopath Killer: Anders Behring Breivik, 32, Nationalist, Hates Islam 

Perhaps it is time for the Telegraph to issue a retraction to its kneejerk publication in which it automatically cast blame on Islamists and other "eastern" terrorists-by-default. Because according to just released info, they could not have been more wrong, and it is the reaction to precisely this type of prejudice that will never facilitate bridging frayed relations between disparate cultures. Anyway, so much for prejudiced speculation and/or lies about some Islamist organization taking the blame for the events in Norway today. Here is the truth:" VG has received confirmation from several independent sources that it was Anders Behring Breivik, who was arrested by armed police after the mass killings of Utøya Friday.  VG was also present when the emergency squad took action against the flat 32-year-old susceptible west of Oslo. Several foreign media have also named Breivik as the perpetrator." More on his motives: "A childhood friend of Breivik says to VG Nett that he should have been right-wing in the late 20's, and posted a series of controversial opinions on Facebook." And the kicker, for all the bigots out there: he was an ultra nationalist who hated Islam. Today's tragic events were merely the outburst of deranged and very much troubled Loughner, McVey-like psychophath. And nothing more.

GMO Quarterly Letter: Grantham On The Coming "Peak Everything" Disaster 

It was just three short months ago that Jeremy Grantham was spewing Malthusian fire and brimstone. He did so, however, from a broadly generalist perspective. Today, the head of GMO has released his second follow up in the "peak everything" series which is sure to provoke yet another round of bickering and debate between the disciples and nemeses of the logarithmic function and its applications in the real world. Among the key topic dissected this time are ongoing resource depletion and soil erosion. To wit: "As the population continues to grow, we will be stressed by recurrent shortages of hydrocarbons, metals, water, and, especially, fertilizer. Our global agriculture, though, will clearly bear the greatest stresses. It may have the responsibility for feeding an extra two to three billion mouths, an increase of 30% to 40% in just 40 years. The availability of the highest quality land will almost certainly continue to shrink slowly, and the quality of typical arable soil will continue to slowly decline globally due to erosion despite increased efforts to prevent it. This puts a huge burden on increasing productivity...Here, the discussion is about the pain and time involved in getting to long-term sustainability as well as trying to separate the merely irritating from the real, often surreptitious, threats to the long-term viability of our current affluent but reckless society. The moral however, is clear. As Jim Rogers likes to say: be a farmer not a banker – the world needs good farmers!" 

In The News Today

July 22, 2011, at 6:35 pm
by Jim Sinclair in the category In The News |  Print This Post |  Email This Post

Debt Ceiling Talks Collapse as Boehner Walks Out 

By CARL HULSE and JACKIE CALMES
Published: July 22, 2011 

WASHINGTON — Negotiations over a broad deficit reduction plan broke down in acrimony Friday after House Speaker John A. Boehner suddenly broke off talks with President Obama, raising the risk of an economy-shaking default.
The epic clash between the White House and Congressional Republicans came just a week before the government hits its borrowing ceiling, and set off sharp accusations from both sides about unwillingness to compromise.
A visibly angry Mr. Obama, in a hastily scheduled White House news conference,  demanded that Congressional leaders come to the White House on Saturday morning.  
“I want them here at 11 a.m. tomorrow,” Mr. Obama said. “They are going to have to explain to me how it is that we are going to avoid default.”
The president spoke moments after Mr. Boehner, the Republican from Ohio, released a letter that he had sent to House colleagues, saying he was breaking off the budget negotiations because of differences over revenues and would instead try to strike an agreement with Senate leaders to raise the debt limit by Aug 2 and avoid sending the government into a potential default.
More…

Economic Rape of Europe Nearly Complete, Part I

I have written frequently (but not recently) about the wave of “economic terrorism” which Wall Street launched against Europe – with the full support/blessing of the U.S. government. With that campaign of terrorism having nearly reached fruition, I will review these events one more time.

Essentially, it began with Goldman Sach’s “rape” of AIG. AIG was the “guinea pig” of this experiment. The banksters had already perfected their terrorist weapons: interest-rate swaps and credit default swaps. Now they needed to determine if they actually “worked” – i.e. if their scam-victims were gullible enough to be fooled by bankster double-talk, and if our legal systems would “tolerate” this massive, systemic fraud.

The interest-rate swaps had already been tested. During the time that “economic genius” Larry Summers was foolishly put in charge of Harvard, this “genius” managed to lose approximately $1 billion in financing merely $2 billion of debt, via interest rate swaps. The reasoning is obvious: if Larry Summers could be conned that easily, then so could the “geniuses” in charge of Europe’s various economies.

The Wall Street banksters (and some European banking Oligarchs) then systematically targeted every city, state, and large public institution foolish enough to listen to the banksters’ con. The “mechanics” of these interest rate swaps (i.e. the contracts) were extremely complex. Naturally if you’re trying to scam someone with such paper-fraud, you make the wording as convoluted as possible, so that it’s impossible for the victim to ever fully understand the contract they are signing.

Conversely, the nature of the scam itself was incredibly simple: getting these cities, states and institutions to make massive “bets” on interest rates against the same group of bankers who controlled those interest rates. One half of the bet was held by the scam-victim, while the other half was held by another multinational bankster. The bankers were able to con all of their victims into believing that they would be the “winners” of all of these bets, with the sophisticated, multinational bankers being the “chumps” who would suffer all of the losses.

Even more incredibly, none of these victims became suspicious even once they had become aware that the banksters were all taking the same side of the bet: that interest rates would go down, with all of the scam-victims making the opposite bet – that interest rates would go up. What actually happened? By incredible “coincidence” shortly after the bankers had finished making all of these bets, U.S. and European interest rates crashed to their lowest level in history – and stayed there.

This resulted in maximum losses for the scam-victims, and maximum profits for the banks – an amazing stroke of “good fortune” for all of these banksters. Though the final “tally” of this scam has yet to be realized, the haul certainly amounts to $100’s of billions – if it hasn’t already exceeded $1 trillion. While both civil and criminal prosecutions have been initiated by several European authorities, as of this date, no bank has been punished in any way for perpetrating this massive fraud.

Similarly, credit default swaps are a scam which is very complex in its execution, while mind-numbingly simple in concept. First, the bankers pour gasoline all over the houses that they wish to “burn down”. Then they find “chumps” who are willing to write-up “fire insurance” policies on all of these homes – with the bankers being the “beneficiaries”, even though they don’t own any of the homes. The bankers then set all of the homes on fire, and then collect their insurance proceeds. Read more: Economic Rape of Europe Nearly Complete, Part I

Jim Rogers: “Silver’s Going to Go Much, Much Higher”

Author: goldnews | Filed under: Central Bank News, Precious Metals News In an interview with CNBC, legendary commodity investor and Quantum Fund co-founder Jim Rogers calls for a long term bull market in silver.
“The world is having shortages develop of nearly every metal,” Roger says. Silver prices are likely to go up substantially over the next decade, Rogers predicts and he says he will buying any dips that are yet to arrive. Read the rest of this entry »

Russia Adds Over 200,000 Ounce of Gold to Reserves in June

Author: goldnews | Filed under: Central Bank News, Precious Metals News The Central Bank of the Russian Federation released its official international reserves showing a net accumulation of more than 200,000/oz of new gold purchased from May 31-June 30. The international gold reserve position of Russia currently stands at 27 million troy ounces. See chart: Read the rest of this entry »

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