WE ARE SCREWED: ‘Net Neutrality’ Passed Today – And Big Evil Corporations Wrote It

Big Evil Corporations Wrote The Newly-Passed ‘Net Neutrality’
by Sara Noble, Independent Sentinel:

Net Neutrality, the secret bill to takeover the Internet, has passed. The Internet is now a public utility. Barack Obama has once again ignored the law and has not been stopped.
He has control over the Internet. Big evil corporations and special interests helped write it instead of Congress – the peoples’ House.
Agencies -unelected bureaucrats – were never meant to write our laws. You government sheep who allowed this to happen forgot that the Congress is our voice in the government. You are turning it over to big corporations and the government.
Google, a big, evil corporation, admitted they saw  Net Neutrality rules months ago according to tech dirt, a publication that loves government-run Net Neutrality. Check this out:

Now that the Title II tide has shifted without Google’s help, the company has re-entered the discussion to once again support meaningful net neutrality rules. We noted a few weeks ago that Google told the FCC in a filing that Title-II based rules could actually help their Google Fiber deployment by streamlining the utility pole attachment process. Now in a conversation with the Washington Post, Google has made its clearest public statement in years regarding support for Title II net neutrality rules:

“The sort of open Internet rules that the [Federal Communications Commission] is currently discussing aren’t an impediment to those plans,” Google said in a statement, “and they didn’t impact our decision to invest in Fiber.”

In other words, the Net Neutrality rules we were not allowed to see were obviously shared with Google.
Read More @ Independentsentinel.com

Chicago Police Use Local News Media to Downplay Secret Torture Site

by Justin King, Activist Post:
Amid controversy over the Chicago Police Department’s off-the-books interrogation site, the Chicago Sun-Times ran a piece fully exonerating the police department, by basing the article entirely off statements made by the police department. Don’t worry good citizens, the police have investigated themselves in less than 24 hours and found they’ve done nothing wrong.
The opening paragraph of the masturbatory fantasy that might as well have been written by CPD’s public affairs division states that the building exists, and apparently this disproves all allegations.

Police officials responded that the facility isn’t used to violate suspects’ rights — and isn’t even secret.

Read More @ Activist Post

Welcome To Obama-Land

Submitted by Tyler Durden on 02/26/2015 - 20:20 Presented with no comment...



 

Greece Warns It May Default On IMF Loan Next Week

Submitted by Tyler Durden on 02/26/2015 - 18:20 Now that the Greek topic is back to overall debt sustainability, a few hours ago Greece Kathimerini reported that the Euro Working Group "discussed Greece’s imminent funding problems on Thursday amid mounting concern about how the country will meet its obligations next months." This follows a suggestion earlier in the day by the Greek Minister of State for Coordinating Government Operations Alekos Flambouraris that "Greece might delay payment to the International Monetary Fund if it cannot find the necessary money." But wait, how does a country "delay" a debt payment? It doesn't: "According to officials familiar with the subject. such a move would constitute a “clear default,” with consequences for a large number of other loans Greece has received."

ECB Warns UK: Excluding Russia From SWIFT "Could Undermine Confidence In The Whole System"

Submitted by Tyler Durden on 02/26/2015 - 19:20 As "isolated" Russia signs a military deal with Cyprus, agrees bilateral trade with Greece, ratifies the $100 billion BRICS Bank, and offers to trade advanced anti-aircraft missiles to Iran, it seems threats of more sanctions against Putin and his nation are finding resistance from an unexpected place. With British PM David Cameron re-demanding that Russia be excluded from the SWIFT global financial payments system, none other than ECB Governing Council member Ewald Nowotny has exclaimed, "one has to be very careful here, exclusion of Russia from Swift would be very problematic because it could potentially undermine confidence in this system as a whole."

Provocation? NATO Conducts Military Maneuvers 300 Yards From Russia's Border

Submitted by Tyler Durden on 02/26/2015 - 16:29 When a Russian bomber flew over international waters some 25 miles off the southwest tip of England last week, UK Defense Secretary Michael Fallon called Russia "a real and present danger." The UK government scrambled jet fighters to meet the Russian aircraft as a show of force.
Yet yesterday US combat vehicles conducted a military parade and show of military force just 300 yards -- yards! -- from the Russian border.

"The Stock Market Is Great, The Economy Is Not" Alan Greenspan Warns Of "Great Depression"-Like Global Demand

Submitted by Tyler Durden on 02/26/2015 - 17:50 While conflicting economic data leaves hope for both buills and bears, Alan Greenspan warns that, unlike Yellen, "US economic growth is not strong." The maestro then breaks the golden rule of central bankers and explains how The Fed was, in fact, the main driver of the P/E multiple expansion in stocks; and when asked if this ends as badly as last time? He concludes "It depends...When real interest rates start to move up, that's when the crisis could hit," concluding with a warning that global "effective demand is extraordinarily weak - tantamount to the late stages of the great depression."

The Global Economy Is Not "Off The Lows"

Submitted by Tyler Durden on 02/26/2015 - 17:20 On the day when the MSCI World Stock Index hits a fresh record high - enthused by the exuberance of the US markets - we thought it more than a little ironic that Global GDP growth expectations for 2015 just hit a fresh record low...

Don't Show This To Warren Buffett (Gold vs. The Financial System)

Submitted by Tyler Durden on 02/26/2015 - 18:50 Warren Buffett once famously chided that all the gold in the world would form a cube of 67 feet (20 meters) on each side. In doing so, he was attempting to argue that there was no point in owning gold since all the gold in the world would be an unproductive, useless hunk of metal. What’s ironic (and completely lost on the venerable Mr. Buffett) is that you could make the same argument about the paper-based financial system.

The Herbalife Ice Cube Has Almost Melted: Presenting "Cash From Operations"

Submitted by Tyler Durden on 02/26/2015 - 16:51 Ponzi schemes, alleged or otherwise, can only exist as long as they generate more cash than they burn. Sadly for Herbalife, the tipping point beyond which every pyramid sheme implodes, has almost arrived. Just ask Bernie Madoff. Presenting cash from operations.

Crude Carnage Sends Stocks Lower Despite Last-Hour Buying-Panic

Submitted by Tyler Durden on 02/26/2015 - 16:04

Richard Russell Just Exposed A Coming Event That Is Going To Shock The World!

from KingWorldNews:
The Disease – Deflation And A World Drowing In Debt
Richard Russell: “The world’s balance sheet is heavily skewed toward debt and loans. On the asset side of the balance sheet we have gold and silver currencies.
The Cure That Will Shock The World – Reset Gold Price To $5,000 or $10,000!
What would make the balance sheet look saner and increase the asset side? It would be to reset gold to a much higher price. Why is it that nobody is writing about this? Resetting the price of gold to $5,000 or $10,000 an ounce would be a mighty step against deflation.
Bill Fleckenstein Continues @ KingWorldNews.com

EU Fixed? Spanish Credit Risk Up 30% Since Greek Elections

Submitted by Tyler Durden on 02/26/2015 - 15:54 Despite some compression today in anticipation of ECB QE (as if that was not anticipated enough in the idioctically marginal yields across European peripheral bonds), it appears Europe is 'not' fixed. With Brexit odds around 1 in 6 and Podemos' lead in Spain extending, it appears redenomination risk (as we discussed, clearly lacking in many spreads) is re-emerging. Since the Greek election, Spanish credit risk is up 30%... more than Greece!

3 Things - High Yield Warning, Yellen's Employment & Economy

Submitted by Tyler Durden on 02/26/2015 - 15:37 While the economy is showing some signs of impact from falling oil prices, a port strike in California, weak global demand for exports and an exceptionally cold winter; the markets are pushing all-time highs. There is much hype being placed on the ECB's plans for launching QE in March, however, much remains to be seen as to just how effective it will be in a negative interest rate/deflationary enviroment. But then again...there is always "hope."

NATO & The IMF Just Suffered a Disastrous Military Defeat

Calling a Spade a Spade
from The Wealth Watchman:
Several shield brothers in the past have asked me to write upon a crucial topic: establishing political sovereignty in a bankster world.  For the last several weeks, I’ve answered that call by detailing Hungary’s heroic struggle to reassert itself, and by speaking to Russia and China’s struggle to give the world a SWIFT alternative.  Now though, I want to give another reminder that the struggle for freedom, both monetary and otherwise, in our world is very real.  Real lives are literally at stake around the globe.

To paraphrase a certain actor-turned-politician, I believe the 9 most dreaded words in any language are:

“I’m from the IMF, and I’m here to help!”  

Every country that has accepted that “help” leaves a lasting impression upon any casual observer, as the IMF seems to leave a distinct “card” with their victims.  Hmm, how shall I describe it?

Read More…

 

German Bank Predicts Apple Stock Tumbles Over 50% As Shares Roundtrip To $60

Submitted by Tyler Durden on 02/26/2015 - 15:15 One bank which dared to go dramatically against the grain is Germany's Berenberg Bank, which earlier today forecast that AAPL's price will crash to $60, a plunge of more than 50%, due to two things: the law of large numbers, and over-reliance on one single product as the iPhone accounts for 85% of AAPL's operating profit. Putting this in perspective, the vast majority of sellside analysts have a price target well over $100, even the bears. .

Do Not Show Jim Bullard This Chart!

Submitted by Tyler Durden on 02/26/2015 - 14:36 It's fact-checking time once again. Having questioned the credibility of Dallas Fed's Richard Fisher previously, we thought this morning's comments by St.Louis Fed's Jim Bullard were worth investigating:
*DOLLAR EFFECTS ARE MARGINAL ON U.S. ECONOMY, SHOULDN'T INHIBIT GROWTH, FED'S BULLARD SAYS
Which just seems odd given the rest of the world's competitive devaluation efforts to 'improve' their economies. What we found will not surprise... but do not show this chart to Bullard.

Economic Composite Index Suggests Restocking Cycle Is Over

Submitted by Tyler Durden on 02/26/2015 - 13:57 While economic indicators make "very poor bedfellows" for managing portfolios, they do provide some indication as to the relative risk of owning assets that are ultimately tied to economic cycles. Despite commentary to the contrary as of late, economic cycles have not been repealed, and the current economy is likely running on borrowed time. It is important to notice, that despite the "hype" of the mainstream media about the economic recovery, activity never rose past previous peaks in this cycle.

FCC Votes In Favor Of Obama's Net Neutrality - Has The Slippery Slope To Web Censorship Begun?

Submitted by Tyler Durden on 02/26/2015 - 13:00 "An open Internet is essential to the American economy, and increasingly to our very way of life," according to President Obama and it appears his perspective on the heavy hand of government regulation inserting itself into the last bastion of freedom and dynamism in the US economy, is how best to achieve "openness." Having pressured FCC's Tom Wheeler, the vote just came down: U.S. FCC APPROVES NET NEUTRALITY INTERNET RULES IN 3-2 VOTE. While potentially good for a consumer's pocketbook, the handing over of "fair-use" decision to the government, as we previously noted, could be the first step on a slippery slope to increased censorship. Welcome to "internet of political things."

"Faith In Fed Abilities" Are Too Firmly Embedded In The Investor Class

Submitted by Tyler Durden on 02/26/2015 - 12:43 Financial markets are upside down.  Financial repression and belief in the “Fed put” pushed investors further and further out the risk curve over the past six years.  Too many asset managers have remained fearful of underperforming peers and benchmarks; a powerful incentive to stay ‘risked-up’.   The psychology of bullish, and faith in Fed abilities, have been too firmly embedded in the investor class. Given that markets don’t seem to want to believe that a June hike looks probable, we expect an outsized market reaction to a hike, lower long yields to accompany it, a flatter curve, wider credit spreads, higher market volatility, and materially lower equity markets.

THE BOTTOM UP REVOLUTION OF TRUTH CONTINUES, ONE INDUSTRY AT A TIME

by Ed Bugos, Dollar Vigilante:
“It is error alone which needs the support of government. Truth can stand by itself. Subject opinion to coercion: whom will you make your inquisitors? Fallible men; men governed by bad passions, by private as well as public reasons. And why subject it to coercion? To produce uniformity. But is uniformity of opinion desirable?” –Jefferson, Notes on State of Virginia, 1787
That’s one of the most recurring thoughts in my mind these days. I’m usually thinking specifically of the hazards associated with central banking and fiat currencies, ideas brought to the west only a few centuries ago to support fractional reserve banking, a scheme that produces a recurring “cluster of errors” – i.e., and boom-bust cycle – in its wake. It has fueled popular delusions of grandeur and manias from tulip speculation to world conquest, and is responsible for many economic collapses.
Read More @ DollarVigilante.com

Washington Has Destroyed Trust Between Nuclear Powers, Thus Raising The Specter Of War

from Paul Craig Roberts:
Ambassador Jack Matlock made an important speech at the National Press Club on February 11. Matlock served as US ambassador to the Soviet Union during 1987-91. In his speech he describes how President Reagan won the trust of the Soviet leadership in order to bring to an end the Cold War and its risk of nuclear armageddon. http://www.larouchepub.com/eiw/public/2015/2015_1-9/2015-08/pdf/10-14_4208.pdf
Reagan’s meeting with Gorbachev did not rely on position papers written by staff. It relied on a hand-written memo by Reagan himself that stressed respect for the Soviet leadership and a clear realization that negotiation must not expect the Soviet leaders to do something that is not in the true interest of their country. The way to end the conflict, Reagan wrote, is to cooperate toward a common goal. Matlock said that Reagan refused to personalize disagreements or to speak derogatorily of any Soviet leader.
Read More @ PaulCraigRoberts.com

The Necessity of Liquidity in an Increasingly Cashless Society

by Matt Sevald, The Prepper Journal

I was taught all the values of saving money but it wasn’t exactly modeled for me. Consequently, I had to overcome some hurdles as I grew up learning to budget, and more importantly, to stick to it (I still trip from time to time). My wife and I are now teaching our children about the value of their dollars and I am proud to say they are more miserly than I at their age. When they ask for a toy or a special treat and we feel it is appropriate we tell them they can have it if they pay with their own money. Our daughter is better at this than our son, but they look at their piggy banks, count the money, and more often than not are reluctant to part with their treasure for something fleeting. Financial expert Dave Ramsey says,
“There’s something psychological about spending cash that hurts more than swiping a piece of plastic. If spending cash whenever possible can become a habit, you’ll be less likely to over-spend or buy on impulse.”
Read More @ ThePrepperJournal.com

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