[Ed. Note: Related.]
by Michel Chossudovsky, GlobalResearch.ca:
With
minimal media coverage, at a time when Americans are celebrating the
New Year with their loved ones, the “National Defense Authorization Act
” H.R. 1540 is signed into law by President Obama. The actual signing
took place on the 31st of December.
According to Obama, the threat of Al Qaeda to the security of the Homeland is the justification for repealing fundamental rights and freedoms, with a stroke of the pen.
The controversial signing statement by Obama (see transcript below) is a smokscreen. Obama says he disagrees with the NDAA but he signs it into law.
“[I have] serious reservations with certain provisions that regulate the detention, interrogation, and prosecution of suspected terrorists.”
Obama implements “Police State USA”, while acknowledging that certain provisions of the NDAA are unacceptable. If such is the case he could have either vetoed the NDAA HR 1540 or sent it back to Congress with his objections.
The “National Defense Authorization Act ” H.R. 1540 is Obama’s New Year’s “Gift” to Americans.
Read More @ GlobalResearch.ca
When
it comes to the fabled President's Working Group on Capital Markets,
also known as the Plunge Protection Team, the myths about the subject
are certainly far greater than any underlying reality. To be sure, vast
amounts of popular folkflore has been expounded into the public arena,
with most of it being shot down simply due to it assuming conspiracy
theories of such vast scale that the human mind is unable to grasp the
complexity, and ultimately the inverse Gordian Knot makes an appearance
with the claim that vast conspiracies are largely untenable simply
because it is impossible to keep a secret from so many people for so
long. Yet what if the secret is not a secret at all but is fully out in
the open, and is only a matter of interpretation, and contextualizing?
Why just 3 years ago it would appear preposterous to allege the
capital markets are a ponzi and that the Fed does everything in its
power to keep stocks higher. Well, what a difference three years make:
now the Chairman himself in a Washington Post OpEd has admitted that
the sole gauge of Fed success is the loftiness of the Russell 2000,
neither unemployment nor inflation really matter now that the Fed's
third mandate has been fully whipped out. Furthermore, Keynesian
economics, and the entire top echelon of the educational system have
also been represented as a paradigm which merely perpetuates the status
quo as the alternative is the realization that the whole system is a
house of cards. As for the global capital markets being nothing short of
a ponzi, we merely point you to the general direction of Europe, the
ECB and its bank, where the monetary interplay is nothing short of the
world's biggest pyramid scheme. Yet the PPT, or whatever it is
informally called, does not exist? Consider further that only recently
did it become known that the former SecTres Hank Paulson himself was exposed as presenting material non-public information
to a bevy of Goldman arb desk diaspora hedge funds, headed by with none
other than the head of the President's Working Group on Capital
Markets Asset Managers committee David Mindich. So, if contrary to all
the evidence that there is some vast underlying pattern, if not a
conspiracy per se, one were to take the leap of faith and take the next
step, where would one end up? Well, most likely looking at the
Exchange Stabilization Fund, or ESF, which Eric deCarbonnel has spent
so much time trying to unmask. Is it possible that the ESF, located
conveniently at the nexus between US monetary policy, foreign policy
and last but not least, a promoter of the interests of the US
military-industrial complex, is precisely the "shady" organization that
so many have been trying to expose for years? Watch and decide for
yourself.
by Michel Chossudovsky, GlobalResearch.ca:
With
minimal media coverage, at a time when Americans are celebrating the
New Year with their loved ones, the “National Defense Authorization Act
” H.R. 1540 is signed into law by President Obama. The actual signing
took place on the 31st of December.According to Obama, the threat of Al Qaeda to the security of the Homeland is the justification for repealing fundamental rights and freedoms, with a stroke of the pen.
The controversial signing statement by Obama (see transcript below) is a smokscreen. Obama says he disagrees with the NDAA but he signs it into law.
“[I have] serious reservations with certain provisions that regulate the detention, interrogation, and prosecution of suspected terrorists.”
Obama implements “Police State USA”, while acknowledging that certain provisions of the NDAA are unacceptable. If such is the case he could have either vetoed the NDAA HR 1540 or sent it back to Congress with his objections.
The “National Defense Authorization Act ” H.R. 1540 is Obama’s New Year’s “Gift” to Americans.
Read More @ GlobalResearch.ca
Presenting The Exchange Stabilization Fund In 5 Parts: Is This The Real "Plunge Protection Team"?
When
it comes to the fabled President's Working Group on Capital Markets,
also known as the Plunge Protection Team, the myths about the subject
are certainly far greater than any underlying reality. To be sure, vast
amounts of popular folkflore has been expounded into the public arena,
with most of it being shot down simply due to it assuming conspiracy
theories of such vast scale that the human mind is unable to grasp the
complexity, and ultimately the inverse Gordian Knot makes an appearance
with the claim that vast conspiracies are largely untenable simply
because it is impossible to keep a secret from so many people for so
long. Yet what if the secret is not a secret at all but is fully out in
the open, and is only a matter of interpretation, and contextualizing?
Why just 3 years ago it would appear preposterous to allege the
capital markets are a ponzi and that the Fed does everything in its
power to keep stocks higher. Well, what a difference three years make:
now the Chairman himself in a Washington Post OpEd has admitted that
the sole gauge of Fed success is the loftiness of the Russell 2000,
neither unemployment nor inflation really matter now that the Fed's
third mandate has been fully whipped out. Furthermore, Keynesian
economics, and the entire top echelon of the educational system have
also been represented as a paradigm which merely perpetuates the status
quo as the alternative is the realization that the whole system is a
house of cards. As for the global capital markets being nothing short of
a ponzi, we merely point you to the general direction of Europe, the
ECB and its bank, where the monetary interplay is nothing short of the
world's biggest pyramid scheme. Yet the PPT, or whatever it is
informally called, does not exist? Consider further that only recently
did it become known that the former SecTres Hank Paulson himself was exposed as presenting material non-public information
to a bevy of Goldman arb desk diaspora hedge funds, headed by with none
other than the head of the President's Working Group on Capital
Markets Asset Managers committee David Mindich. So, if contrary to all
the evidence that there is some vast underlying pattern, if not a
conspiracy per se, one were to take the leap of faith and take the next
step, where would one end up? Well, most likely looking at the
Exchange Stabilization Fund, or ESF, which Eric deCarbonnel has spent
so much time trying to unmask. Is it possible that the ESF, located
conveniently at the nexus between US monetary policy, foreign policy
and last but not least, a promoter of the interests of the US
military-industrial complex, is precisely the "shady" organization that
so many have been trying to expose for years? Watch and decide for
yourself.
Eurozone leaders used their New Year’s message to highlight the dangers facing Europe’s economy in the coming 12 months.
from Telegraph.co.uk:
German
Chancellor Angela Merkel said she expects turbulence in 2012 as she
does “everything” to save the euro and end Europe´s sovereign debt
crisis.
“The path to overcoming this won´t be without setbacks but at the end of this path Europe will emerge stronger from the crisis than before,” Merkel said in a New Year´s television speech yesterday. She also said 2012 “will no doubt be more difficult than 2011″.
Merkel will meet with French President Nicolas Sarkozy in Berlin on January 9 to discuss revisions to Europe´s fiscal rule book following decisions made at the December summit.
A final accord by euro leaders on the German-French proposals agreed at the summit is due in March.
Read More @ Telegraph.co.uk
Catherine Austin Fitts on Wall Street’s Corruption, the Austrian School and Who’s ‘Really’ in Charge
from Telegraph.co.uk:
German
Chancellor Angela Merkel said she expects turbulence in 2012 as she
does “everything” to save the euro and end Europe´s sovereign debt
crisis.“The path to overcoming this won´t be without setbacks but at the end of this path Europe will emerge stronger from the crisis than before,” Merkel said in a New Year´s television speech yesterday. She also said 2012 “will no doubt be more difficult than 2011″.
Merkel will meet with French President Nicolas Sarkozy in Berlin on January 9 to discuss revisions to Europe´s fiscal rule book following decisions made at the December summit.
A final accord by euro leaders on the German-French proposals agreed at the summit is due in March.
Read More @ Telegraph.co.uk
Catherine Austin Fitts on Wall Street’s Corruption, the Austrian School and Who’s ‘Really’ in Charge
from The Daily Bell:
The Daily Bell is pleased to publish an interview with financial advisor Catherine Austin Fitts (left).
Introduction: Catherine is the president of Solari, Inc., publisher of The Solari Report, and managing member of Solari Investment Advisory Services, LLC and Sea Lane Advisory, LLC. Catherine served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc. She graduated from the University of Pennsylvania (BA), the Wharton School (MBA) and studied Mandarin Chinese at the Chinese University of Hong Kong.
Daily Bell: For those who don’t know, give us a rundown of your current business and economic preoccupations.
Catherine Austin Fitts: I publish the Solari Report (http://solari.com), a private bridge call and blog focused on building personal and family wealth. I also provide investment advisory services through Solari Investment Advisory Services LLC (http://solariadvisors.com) and Sea Lane Advisory LLC (http://sealaneadvisory.com)
Daily Bell: Read More @ TheDailyBell.com
The Daily Bell is pleased to publish an interview with financial advisor Catherine Austin Fitts (left).Introduction: Catherine is the president of Solari, Inc., publisher of The Solari Report, and managing member of Solari Investment Advisory Services, LLC and Sea Lane Advisory, LLC. Catherine served as managing director and member of the board of directors of the Wall Street investment bank Dillon, Read & Co. Inc., as Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, and was the president of Hamilton Securities Group, Inc. She graduated from the University of Pennsylvania (BA), the Wharton School (MBA) and studied Mandarin Chinese at the Chinese University of Hong Kong.
Daily Bell: For those who don’t know, give us a rundown of your current business and economic preoccupations.
Catherine Austin Fitts: I publish the Solari Report (http://solari.com), a private bridge call and blog focused on building personal and family wealth. I also provide investment advisory services through Solari Investment Advisory Services LLC (http://solariadvisors.com) and Sea Lane Advisory LLC (http://sealaneadvisory.com)
Daily Bell: Read More @ TheDailyBell.com
Ron Paul – State of the Union w/ Candy Crowley 01/01/12
by James Turk, GoldMoney.com:
We
all understand that the future is unknowable. Events yet to come cannot
be predicted. Nevertheless, the outlook for 2012 is probably set in
stone, and the reason is simple. The financial crisis imperiling the
globe for the past several years has not been solved. Until it is, we
can expect more of the same – specifically, serial bailouts of
governments and banks that, if not already insolvent are bordering on
insolvency. It is a distressing prospect.
Perhaps the outlook for the months ahead can be best summarised by the Governor of the Bank of England, Sir Mervyn King. In a recent interview on British television, Sir Mervyn in a rare candid moment made a remarkably bold statement: “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances.”
It is somewhat odd that Sir Mervyn chose the word “unusual” to describe the present situation. After all, banking crises and defaults on their debts by sovereigns – princes and kings as well as countries – have been a recurring feature of monetary history even before the founding of the Bank of England in 1694. So there is only one reasonable conclusion from his comment. He was obviously referring to the severity of the today’s circumstances, meaning that the depth and long duration of this present crisis have few parallels.
Read More @ GoldMoney.com
We
all understand that the future is unknowable. Events yet to come cannot
be predicted. Nevertheless, the outlook for 2012 is probably set in
stone, and the reason is simple. The financial crisis imperiling the
globe for the past several years has not been solved. Until it is, we
can expect more of the same – specifically, serial bailouts of
governments and banks that, if not already insolvent are bordering on
insolvency. It is a distressing prospect.Perhaps the outlook for the months ahead can be best summarised by the Governor of the Bank of England, Sir Mervyn King. In a recent interview on British television, Sir Mervyn in a rare candid moment made a remarkably bold statement: “This is the most serious financial crisis we’ve seen, at least since the 1930s, if not ever. We’re having to deal with very unusual circumstances.”
It is somewhat odd that Sir Mervyn chose the word “unusual” to describe the present situation. After all, banking crises and defaults on their debts by sovereigns – princes and kings as well as countries – have been a recurring feature of monetary history even before the founding of the Bank of England in 1694. So there is only one reasonable conclusion from his comment. He was obviously referring to the severity of the today’s circumstances, meaning that the depth and long duration of this present crisis have few parallels.
Read More @ GoldMoney.com
Ron Paul – This Week w/ Jake Tapper 01/01/12
The Year of Dissent: Battling Europe
John Williams: The US Has $100 Trillion in Debts & Obligations
Nation's largest welfare state makes deep cuts.
New Asian Union Means The Fall Of The Dollar
Signs Of The Times: Metal Thieves Steal 26 Train Wheels
Will Gold Deliver Another Glittering Year In 2012?
Budget Collapse: Too Much Free Money
The Case For Austerity
Nation's largest welfare state makes deep cuts.
New Asian Union Means The Fall Of The Dollar
Signs Of The Times: Metal Thieves Steal 26 Train Wheels
Will Gold Deliver Another Glittering Year In 2012?
Budget Collapse: Too Much Free Money
The Case For Austerity
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