Secret Gov Recovery Plan Leaked: US Banks Told to Make Plans for Preventing Collapse

Government regulators have been working behind the scenes for several years with the top five banks in the country to ensure that they can absorb a massive hit to the financial system… As is generally the case, the real collapse prevention plan calls for letting the little guy be financially destroyed while the banking giants walk away with record profits.

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False Flag Computer BANKING VIRUS to Roll Out Martial Law? This Global Cabal Wants to STEAL EVERYTHING and Kill 90% of Us – Susanne Posel

Writer Susanne Posel of occupycorporatism.com joins me for an in-depth conversation about the government’s plans for martial law in the United States. Susanne shares her insights about the preparatory measures the DHS and military are taking, and why: “They know the collapse is coming,” says Susanne. “So they are preparing for it.” Susanne also shares shocking information about a computer banking virus that may be used as the excuse to shut down banks internationally. “If you hear about this in the news, you have 72 hours to do whatever you plan to do before the collapse.”

In Part 2, Susanne concludes that the plans for the global elite include nothing less than the theft of every asset you own, and the global extermination of at least 90% of the population. A satanic group of psychopaths is in control, and we must defeat them before they defeat humanity. This is a 2-part MUST HEAR interview with one of the best new media writers and researchers on the scene today.

WHY ARE THE “ELITE” DESTROYING AMERICA?

This is the question I get the most from people who have done very little research of their own. They can’t believe that the “Elite” would want to destroy society. And yet, these folks generally know very little about the history of the elite, or the definition of eugenics. They do not understnd the dark forces behind the Federal Reserve, the IMF and the BIS. They are ignorant about the Hegelian dialectic and government sponsored false flag terrorism. And that’s exactly why this is one of the first videos I ever made for my You Tube Channel.

Ron Paul or NO VOTE in November...

Mitt Romney's Selection Of Paul Ryan Is A Sign Of Desperation

Many folks were surprised Friday night as rumors began leaking that Romney tapped Paul Ryan of Wisconsin, for the prestigious VP slot. The surprise came largely because many were expecting a more mundane pick like Tim Pawlenty or Rob Portman.  The reactions from the GOP base is positive overall, although the story is still fresh and drawing conclusions is difficult.  The reactions from the Democrat/Liberal base are predictable and we are guessing that the Obama campaign is licking its lips over the prospect of skewering Ryan like a kabob. We have a slightly different take, my feeling is that this pick is an indication that the Romney team is struggling and sees the prospect of winning in November diminishing with each passing day. People like Pawlenty and Portman is the equivalent of swinging for a base hit - the selection of Ryan is swinging for the fences.  It is desperation and an attempt to shake things up substantially in the hopes of energizing a splintered and unimpressed Conservative base. However we prefer to focus on the economics of politics, not the politics of politics - so lets take a look at what exactly makes Ryan such a risk.

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Austerity, Debt-Deleveraging, And Why 'Muddle-Through' Fails

The debt levels of advanced economies remains unsustainably high - bringing with it the considerable risk of renewed crisis - and while strong growth is the best way to deleverage, this solution appears out of reach for most (if not all) economies. Financial repression, austerity, inflation, or default are the remaining options - all of which come with considerable costs to economic growth and employment. While 'muddling-through' appears to be heralded as a positive by many market-savants currently, SocGen notes that the line between a virtuous (expansionary fiscal contraction) and vicious austerity trap comes down largely to policy confidence. Most (if not all) advanced economy politicians entirely lack the public's or market's confidence in credible policy direction (and in fact we are seeing policy uncertainty at extremes) which leads to SocGen's conclusion that the muddle-through strategy (which comes with a high price tag economically and socially) is too high a burden politically and will inevitably lead to spillover to core-Europe and the global financial system.

Australia`s Problems

Admin at Marc Faber Blog - 24 minutes ago

The problem with Australia is not only exports to China and the weakening prices for industrial commodities, it is also a lot of household debt and a housing market that is essentially very expensive. - *in The Australian* Related: Ishares MSCI Australia (EWA) *Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.*

It Is A Strange World We Inhabit

Baupost's Seth Klarman sums it all up:

"It is a strange world we inhabit. One where economies remain extremely depressed yet almost no companies go bankrupt, while low interest rates encourage holders of capital to speculate. One where global turmoil mounts while the world passively watches. One where nearly every member of Congress will insist that we need to rein in deficit spending, while collectively Congress accomplishes virtually nothing. It would be absurdly funny if it weren’t so incredibly tragic."

As Another Fisker Karma Spontaneously Combusts, "Green" Dreams Go Up In Smoke

Several months ago it seemed that not a day could pass without someone, somewhere making fun of GM's biggest post-bankruptcy flaming failure to date: the Chevy Volt (gross and net of channel stuffing). Of course, since it was all in the name of ecological progress and carbon footprint reduction, most media observers let it go as merely one of the peculiar hurdles on the way to an utopian future in which America would no longer rely on crude imports from evil petroleum cartels. The time has come to redirect ridicule to that other $102,00+ MSRP object of electric aspiration, and henceforth - mockery: the Fisker Karma supercar.

Who Wants The Highest Crude Oil Price? Presenting The OPEC Cost Curve

With the presidential elections fast approaching, the last thing the incumbent wants is for the one thing that can spoil the party - a surge in oil, and thus gas prices - to happen. Which is why despite a sharp return in Iran/Syria war rhetoric, we doubt that the trade off between a "wag the dog"-type transitory war euphoria and $5 gas will be an accretive one for the administration at least in the short-term. Others who certainly would prefer to avoid the record $140 WTI prices seen just before the Lehman collapse are the majors, where margin contraction can only be offset by very finite end-demand destruction. Yet there are those who not only would like to see a surge in oil prices, but in fact need it, to preserve their viability. Chief among them: Iran. Because according to a just released analysis by the Arab Petroleum Investments Corporation, the price at which oil (read Brent) must trade for Iran's budget to balance has soared to $127/barrel, the highest among all OPEC members, $20 higher than 2 years ago, and about $17 higher than the Friday closing price. And far more dangerously, the APIC study has also found that the cartel (which after last year's fiasco in Vienna is anything but) breakeven price has soared from just $77 two years ago to a whopping $99/barrel. Which means that any and every deflationary plunge in oil prices will inevitably be met with a supply collapse or else OPEC members are in danger of pricing themselves right into fiscal insolvency, and economic collapse.

The Underground Economy Is A Rising Superpower: How the Only Growing Economy In the World Can Grow Even Faster

from Silver Vigilante:

The underground economy, or black market, has obtained a new moniker: System D. According to Robert Neuwirth,  the term stems from French-speaking Africa and the Caribbean. The French use the world débrouillard to describe motivated and effective people. In other words, “To say a man is a débrouillard is to tell people how resourceful and ingenious he is.” The term System D stems from the network of “inventive, self-starting, entrepreneurial merchants who are doing business on their own, without registering or being regulated by the bureaucracy and, for the most part, without paying taxes.” These individuals make up the “l’economie de la débrouillardise.”
In other words, the economy that does not bend over to control and supervision is the ingenious economy. It is the working economy. It is, in the words of Neuwirth, the economy of the future. Do-It-Yourself is no longer an ethos of punkers in 1980 suburbs, but is instead the way of the future world.
“What happens in all the unregistered markets and roadside kiosks of the world is not simply haphazard. It is a product of intelligence, resilience, self-organization, and group solidarity, and it follows a number of well-worn though unwritten rules. It is, in that sense, a system.” A system beyond the traditional suffocating defluence of governments.
Read More @ Silver Vigilante

How To End the Fed, and How Not To

by Gary North, Lew Rockwell:
It would be very easy to end the Federal Reserve System. Congress would write the following bill. The President would sign it.
The Federal Reserve Act of 1913 and all subsequent amendments to that Act are hereby revoked.
The gold that belongs to the United States government, and which is kept on deposit with the Federal Reserve System, is hereby transferred to account of the United States Treasury.
If the Federal Reserve System has made any secret agreements with other central banks regarding the ownership of that gold, those arrangements would become legally null and void. The FED would own no gold of its own to deliver. Ownership would revert to the United States government.
If other central banks wanted to sue the Federal Reserve System, an exclusively private entity acting on its own authority alone, to recover any gold the FED had promised to deliver, they would have the right to do so. If they really thought the FED could deliver on those agreements merely because a court ordered it to, they could hire lawyers and sue.
ANDREW JACKSON VS. CENTRAL BANKING There is a legal precedent for all this. In 1832, Henry Clay and his allies in Congress decided to make a political issue of the Second Bank of the United States, the Federal Reserve System of that era. It was a Presidential election year. Clay proposed the re-chartering of the Bank four years early. The bill passed Congress.
Read More @ LewRockwell.com

Standard Chartered’s Peter Sands takes the fight to Wall Street

By James Quinn, Helia Ebrahimi, and Kamal Ahmed, The Telegraph:
Standard Chartered has seen £6bn wiped off its value after US claims of ‘secret’ dollar trades for Iranian clients. Now its chief executive is battling to clear the bank’s name.
An email from a journalist may seem like an odd way for a bank with a market capitalisation of almost £40bn to find out that it is being accused of handling at least $250bn (£160bn) of “secret” Iranian payments by US regulators.
But late last Monday afternoon, one of Standard Chartered’s media relations team received a message from a reporter with The New York Times asking for comment on word that Benjamin Lawsky, superintendent of financial services for the state of New York, was about to issue an incendiary list of charges against the bank.
Minutes later, Lawsky’s office, the Department of Financial Services (DFS), issued a 27-page document accusing the London-based bank of “wilful and egregious violations” of the law and of hiding “roughly 60,000 secret transactions, involving at least $250bn” having “schemed with the government of Iran”.
To say that chief executive Peter Sands – who learnt of the news from a colleague’s text message while on holiday with his family in Canada – and the rest of his senior management team were surprised by Lawsky’s allegations would be an understatement.
Read More @ Telegraph.co.uk

JPM’s $150 Billion FDIC Reality Adjustment

by The Daily Bail:

Reuters published an exclusive story on Friday:

• U.S. banks told to make secret plans for preventing collapse

Buried in the final paragraph:

In a presentation in March, JPMorgan Chase said it had a recovery plan in place and said it was ordered by regulators. The presentation was organized by Harvard Law School and was closed to the media at the time, but is now available online.

Here’s the BEST part of the JPM document. It’s easy to see on the PDF: http://www.law.harvard.edu/programs/about/pifs/symposia/europe/baer.pdf
Go to page 9.  Under the wipeout scenario JPM describes a $50 billion trading loss turning into a $200 billion loss as soon as the FDIC takes over.  Why… ? Because JPM says they would expect the FDIC to immediately writedown JPM’s assets by an additional $150 billion.
Holy mark to bullshit.  Jamie Dimon just admitted to the world that JPM is mis-marking assets to the tune of $150 billion.
It gets better. Go to page 10.  The chart shows that they only have $184 billion in equity, minus the $50 billion loss, minus ‘the $150 billion fdic reality adjustment’, which leaves them in a negative equity position of (-$16 billion). So, we can extrapolate that without this phantom loss of $50 billion, JPM’s real equity position is just $34 billion currently, not the $184 billion on their books.
Read More @ TheDailyBail.com

People Are Frightened, Money Pouring Into Switzerland & Gold

from KingWorldNews:
With continued volatility in global markets, including gold and silver, today King World News interviewed one of the legends in the gold world, Keith Barron. Barron consults with major gold companies around the world, as well as major brokerage houses, and he is also responsible for one of the largest gold discoveries in the last quarter century, a remarkable 14 million ounces of gold.
Here is what Barron had to say about the ongoing crisis in Europe: “Well, there are a lot of scared people here. There is a lot of money that’s been pouring into Switzerland and the Swiss franc. As you are aware, the Swiss National Bank has pegged the Swiss franc to the euro, so there is tremendous pressure on the franc.”
“They (the Swiss) have to take these euros and go and buy other currencies. So they have actually been sending the Norwegian kroner and other currencies such as the Canadian dollar higher, just because of these massive inflows into Swiss francs. Eventually that peg is going to break, but they are doing whatever they can right now to keep it in place.
Keith Barron continues @ KingWorldNews.com

The Seductive Promises of Counterfeit CULTures

by: Ashvin Pandurangi, The Market Oracle:
The word “counterfeit” is defined as “an imitation intended to be passed off fraudulently or deceptively as genuine”. Some counterfeits are bad and easily detectable, while others are very convincing. I would argue that the structures of modern society have evolved into almost indistinguishable counterfeits. Of course, in terms of the economic and political cultures of human societies, there must be a genuine model encompassing virtuous qualities of humanity for there to be a counterfeit of that model. So what is the genuine model?
There is reasonable room to disagree on the specifics, but most people would generally agree that this model should embody the following virtues – caring/providing for others (selfless orientation), equal treatment, equal rights, equal opportunities, personal freedom, proportionate justice, economic security, social and political stability and universal peace (“the virtues”). These are lofty virtues that have never been perfectly attained, but they provide the framework of the goals which should guide our thoughts and actions.
Read More @ TheMarketOracle.co.uk

The Next Election: High Stake Outcomes Based on Non-issues.

by Dr. Paul Craig Roberts, PaulCraigRoberts.org:
The election of the next puppet president of the “world’s only superpower” is about two and one-half months off, and what are the campaign issues? There aren’t any worthy of the name.
Romney won’t release his tax returns, despite the fact that release is a customary and expected act. Either the non-release is a strategy to suck in Democrats to make the election issue allegations that Romney is another mega-rich guy who doesn’t pay taxes, only to have the issue collapse with a late release that shows enormous taxes paid, or Romney’s tax returns, as a candidate who advocates lower taxes for the rich, don’t bear scrutiny.
What are Romney’s issues? The candidate says that his first act will be to repeal Obamacare, a program that Romney himself first enacted as governor of Massachusetts. This will cost Romney political contributions from the insurance industry, which is thankful for the 50 million new private insurance policies that Obamacare, written not by Obama but by the private insurance companies, provides at public expense. It is not to the insurance industry’s benefit to have a single payer system like other western countries.
Read More @ PaulCraigRoberts.org

‘I’m sick to my stomach’: Anger grows in Illinois at Bain’s latest outsourcing plan

[Ed. Note: It's a shame that we have to get so much of our "real news" from sources outside of the United States. The domestic mainstream news media in the United States is a Bankster-bought-and-paid-for joke.]
by Paul Harris, TheGuardian:
Sensata employee Mark Schreck in Freeport. Workers at the plant have appealed to Bain and Romney to save their plant.

The shock of losing a precious job in a town afflicted by high unemployment is always hard. A foundation for a stable family life and secure home instantly disappears, replaced with a future filled with fears over health insurance, missed mortgage payments and the potential for a slip below the breadline.
But for Bonnie Borman – and 170 other men and women in Freeport, Illinois – there is a brutal twist to the torture. Borman, 52, and the other workers of a soon-to-be-shuttered car parts plant are personally training the Chinese workers who will replace them.
It’s a surreal experience, they say. For months they have watched their plant being dismantled and shipped to China, piece by piece, as they show teams of Chinese workers how to do the jobs they have dedicated their lives to.
“It’s not easy to get up in the morning, training them to do your job so that you can be made unemployed,” said Borman, pictured, a mother of three who has worked for 23 years at the Sensata auto sensors plant.
Read More @ Guardian.co.uk

Shrivelled U.S. corn crop heralds supply squeeze drama

[Ed. Note: Folks, if you're not stock-piling canned goods, canning some fresh veggies or making other arrangements to store at least 6-12 months of food, you're going to wish you had - food costs may soon soar. Please prepare!]

by Charles Abbott, TheGlobeAndMail.com:
U.S. corn and soybean crops have been slashed even more than expected by the worst drought in half a century and will fail to replenish ultra-low stockpiles, a U.S. government report showed on Friday, raising fears of a new world food crisis.
Corn prices briefly surged to a record on the U.S. Department of Agriculture forecast but then retreated because the government said demand for the grain would fall due to its soaring cost.
In the most authoritative view yet on the state of the withered U.S. crops, the report — based on samples from parched, scorched fields — showed the corn harvest would drop 13 percent from last year, with yields 25 per cent below normal.
Inventories of soybeans, a key component of livestock feed from India to Indiana, would be the smallest in nine years.
The grim report is an abrupt reversal from just two months ago when farmers, making the largest corn plantings in 75 years, expected a record haul. Consumers worldwide were also hopeful that a robust harvest from the biggest agricultural exporter would help end a period of depleted global stockpiles.
Read More @ TheGlobeAndMail.com

Europe’s 10 Most Dangerous Politicians

by David Böcking, Spiegel International:
The tone in the euro debate is becoming more aggressive. Bavarian Finance Minister Markus Söder said on Sunday that Greece must be ‘made an example of.’ Politicians in other countries are resorting to similarly provocative rhetoric. Ten populists are whipping up sentiment — and thereby worsening the crisis.
Europe is in the midst of a serious crisis and the euro is in a perilous situation. Greece, the currency union’s greatest problem child, has failed to push through necessary reforms. Spain is battling to avoid a full sovereign bailout. Italy too is grappling with soaring interest rates on government bonds due to its debt problems. So is Cyprus. And Slovenia may become the next country to need a bailout.
That’s only the economic side of the euro crisis. It has another face, too: The people out there who are trying to profit from it — namely every politician who is resorting to cheap populism in order to rack up domestic political points. Joining the ranks this week is Markus Söder, the finance minister of the German state of Bavaria. Söder is a member of the Christian Social Union (CSU), the Bavarian sister party to Chancellor Angela Merkel’s conservative Christian Democratic Union. The CSU is part of Merkel’s center-right coalition government. On Sunday, Söder said “an example must be made of Greece.”
“Everyone has to leave Mom at some point and that time has come for the Greeks,” he told Bild am Sonntag newspaper.
Read More @ Spiegel.de

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