FDIC Plots a Bank Heist Involving YOUR Accounts

There’s a new front opening up in the war on your wealth. If you haven’t heard yet of the “bail-in,” you will. Even if you have, you need to know the latest…
The bail-in is another weapon in the government’s arsenal of capital controls meant to reward Wall Street cronies and separate you from your money.
We’ve long been familiar with capital controls, such as daily limits on bank withdrawals. Add that to seven years of microscopic interest rates cannibalizing savers’ nest eggs combined with planned inflation stealing your money while you sleep. But unlike the drip-drip we’re used to, the bail-in will come upon you quickly, harshly, and with finality.
As the world faced a complete financial meltdown in 2008, Congress ponied up fresh taxpayer money – $800 billion for openers and trillions since – to bail-out favored banks and industries. Out-of-favor institutions were allowed to fail. Jobs, fortunes, and futures disappeared while unborn generations were saddled overnight with unpayable debt.
Congress and bankers noted the sharply disagreeable taxpayer reaction. So they recycled an old idea from the Great Depression’s playbook – next time, just steal bank depositors’ life savings.
That tried and true tactic took a new name: the bail-in. The easy part – the laws they needed had been in place for decades. But for added cover, they passed the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, a 1930′s-styled, bank heist blueprint with a feel-good name.
Those laws altogether say your money in your bank account in your name is not your money. Those laws say the bank owns your deposited money, not you. 

More…

Conspiracy Theorists, Bloggers Compared To ISIS During Congressional Hearing

Submitted by Tyler Durden on 04/16/2015 - 19:00 Bloggers, conspiracy theorists and people who challenge establishment narratives on the Internet were all likened to ISIS terrorists during a chilling Congressional hearing which took place yesterday. As linguist Noam Chomsky said, “The idea that there should be a network reaching people, which does not repeat the US propaganda system, is intolerable” to the US establishment.

Signs That The Elite Are Feverishly Preparing For Something BIG

by Michael Snyder, End of The American Dream:
What in the world are the elite up to? In recent days, we have learned that the New York Fed is moving a lot of operations to Chicago because of concerns about what a “natural disaster” could do, the federal government is buying 62 million rounds of ammunition commonly used in AR-15 semi-automatic rifles for “training” purposes, and NORAD is moving back into Cheyenne Mountain because it is “EMP-hardened”. In addition, government authorities have scheduled a whole host of unusual “training exercises” all over the nation. So are the elite doing all of this in order to prepare for something really BIG, or should we just chalk up all of this strange activity to rampant government paranoia?
Read More…

Police Deserve No Sympathy Until the Blue Line Breaks

[Ed. Note: Following quote by clueless liberal Milwaukee Police Chief Ed Flynn not to be confused Pro-2nd Amendment Milwaukee Sheriff David Clarke]
from The Daily Bell:
One of the great ironies in American policing is that because of these highly controversial events that have been documented, there’s a perception that the profession is somehow out of control or failing in its responsibilities to engage in fair and impartial policing. That is of great concern. We cannot be believed if we don’t take decisive actions when our officers are clearly wrong. Bad police performance that’s not motivated by malice needs to be dealt with very sternly, including termination. But not every police error is necessarily something that should result in jail. – Milwaukee Police Chief Ed Flynn, TIME, April 9, 2015
TIME invited several top police officials to weigh in on the “lesson” in the recent incident in South Carolina in which a police officer, who has since been charged with murder and is facing life in prison, shot an unarmed, 50-year-old man who was running away from him. All made the politically correct comments, but they still do not understand the problem.
Consider Chief Flynn’s statement above. You can count the loopholes.
He calls for “decisive actions,” but only when an officer is clearly wrong. How many misconduct cases are ever clear?
Read More @ TheDailyBell.com

Dear Farmers: U.S. is Now Importing Organic Corn to Satisfy Consumer Demand

by Heather Callaghan, Activist Post:
There are three things driving a surge in organic imports:

1. U.S. farmers have been systematically pushed into growing mostly GMO crops; grown primarily for fuel, animal feed and cheap processed foods. Russia even used our food supply as an example for the EU to dump us and join them instead. 
2. U.S. consumers are not only demanding fresh, organic produce as well as non-GMO convenience foods – but also want meat, dairy and eggs from animals that were fed non-GMO or organic feed.
3. Other countries primarily grow non-GE crops, and plenty of organic. They’ve got the goods and they reap the benefits of trade.  

This is ridiculous, as the U.S. could not only use a valuable export, but could honestly use a supportive, in-house product. Yet again, we find ourselves outsourcing for staples. Shouldn’t our own farmers be benefiting from this rise in demand coming from their country? Yet again, farmers have been tricked and kicked by the very companies with which they sign agreements.
Read More @ ActivistPost.com

Greece May Pay Wages And Pensions In IOUs

Submitted by Tyler Durden on 04/16/2015 - 20:15 Greece could "issue IOUs to pay public sector workers and pensioners and free up money to repay its debts. But this could cause economic chaos if fears that the IOUs would never be paid sparked riots or public sector employees simply refused to work."

Paul Craig Roberts: "Will Washington Kill Us All?"

Submitted by Tyler Durden on 04/16/2015 - 17:45 The propagandistic American “media” and the crazed neoconservatives have set humanity on the path to destruction. The American people and the entire world need to understand that the threat to life on earth resides in Washington and that until Washington is fundamentally and totally changed, this threat will remain as the worse threat to life on earth. Global Warming can disappear instantly in Nuclear Winter.

The Creature from Jekyll Island

from Armstrong Economics:
One question regarding your recent email alerts from your blog in regards to the “money out of thin air” discussion that was/is going on.
What is your opinion on how G. Edward Griffen’s book, “The Creature From Jekyll Island”, relates to the discussion on the above topic. Do you think he is wrong on his analysis of the Federal Reserve?
Thank you for your time, sir and I look forward to your answer and opinion because it seems that you and him have conflicting opinions.
ANSWER: This is like being asked to criticize the Bible since so many people believe every word written in this book. Well here goes and probably thousands of hatemails will flood in but conspiracy-myths be damned, they are a cover-up for the real culprit – Congress. Some hate central banks so much because of this book they believe Andrew Jackson was a hero and are oblivious to the fact he set off a round of Wildcat banking that ended in yet another sovereign debt default among the States who then tried to bailout their own banks.
Read More @ ArmstrongEconomics.org

Cop Sues NYPD Over Quotas, Slams The Racketeering Culture

Submitted by Tyler Durden on 04/16/2015 - 19:50 "The culture is, you're not working unless you are writing summonses or arresting people...  Those tickets might look like productivity on paper... but they're not actually making anyone safer."

If QE Is So Great, Why Stop Printing Now?

Submitted by Tyler Durden on 04/16/2015 - 16:55 Chair Yellen frequently reminds us how effective and innovative QE is as a monetary policy tool. She even referred to the monetary actions, of her former boss, as heroic at a commencement speech this past spring. Literally…QE has saved the financial world. So, why are we, the citizens of this great country, no longer worthy of the almighty, far ranging and omnipotent QE? Ms. Yellen, don’t you stop this money printing anytime soon. Just erase that thought from your mind just like you can simply erase away all my financial worries with that great machine of yours. We, the ignorant public, are so relying on you. As we see it there is just no downside to any of this money printing.

This Major Market Just Experienced The Equivalent Of A Black Swan Event

from KingWorldNews:
With the Dow above 18,100 and crude oil surging 4.35 percent, today one of the greats in the business released a powerful piece warning a major market just experienced the equivalent of a black swan event.
Bert Dohmen’s Wellington Letter: “This week news out of China propelled the China stock market as never before. This spread to the Hong Kong stock market and then to related markets such as oil and some commodities.
It was a well-coordinated attack on the bears. The government announced multiple changes designed to counter the negative news and the credit crisis. This may be a game changer for many markets for a while. Here are the items:
Read More @ KingWorldNews.com

Dutch Central Banker Fired For Being A "Nazi Cross-Dressing, Nymphomaniac, Dominatrix" Prostitute

Submitted by Tyler Durden on 04/16/2015 - 14:30 They say don't let money printing get to your head, but for one now former central banker it is far too late. The identity of the former employee of the Dutch Central Bank in question is unknown, what is known is that the money authority of the Netherlands has fired a 46-year-old female employee who for 6 of her 8 years with the central bank made money on the side as a "dominatrix prostitute who described herself as a high-class nymphomaniac and earned €10,000 a week dressing up as a Nazi and whipping men."

Citigroup's Gold "Expert" Demands A Cash Ban

Submitted by Tyler Durden on 04/16/2015 - 14:09 Late last year, Grexit "expert" Willem Buiter decided that he was a greater expert on the topic of monetary metals than on geopolitics by stating that "Gold Is A 6,000 Year Old Bubble." Now, he has decided that after gold, it is best to just do away with any physical currency altogether and the time to ban cash has arrived.

The Original First Amendment

by Joel McDurmon, Freedom Outpost:
You know the First Amendment, right? It’s the one about free speech, freedom of assembly, and freedom of religion, right?
Nope. I am talking about the First Amendment. That is, the original First Amendment. And it was not about these freedoms—vital as they are—but rather about adequate representation in Congress.
A primary concern among some of the framers was that we would have enough people in the House to speak for the number of people they represented as adequately as possible. For, the larger a body of people to speak for, the less one person truly represents them. This means, therefore, that if we desire more accurate representation, we should have smaller constituencies. This means more districts and more representatives.
Read More @ FreedomOutpost.com

So You Want Bridgewater To Manage Your Money? There Is One Small Condition

Submitted by Tyler Durden on 04/16/2015 - 16:35 "Bridgewater’s assets under management increased from $150 billion as of 12/31/13 to approximately $154 billion as of 12/31/14."... "Bridgewater generally requires that its Clients have a minimum of $5 billion of investable assets."... "For new client relationships, Bridgewater’s standard minimum fee is expected to be $500,000 for its All Weather strategy, $1,000,000 for its Pure Alpha and Pure Alpha Major Markets strategies, and $4,750,000 for Optimal Portfolio."

Virtu Explains Why It Lost Money On Just One Trading Day In 6 Years

Submitted by Tyler Durden on 04/16/2015 - 15:22 "We Win More Than We Lose"

Another Former IMF Head Arrested: Rodrigo Rato Perp Walked In Madrid

Submitted by Tyler Durden on 04/16/2015 - 15:21 As we reported earlier, the former chief of the IMF Rodrigo Rato, who was succeeded in 2007 by another scandalous figure, Dominique Strauss-Khan, was recently put under investigation by Spanish authorities for money-laundering, benefiting from a tax amnesty to repatriate previously undeclared offshore funds. This is in addition to previous investigation into his role as chairman of Caja Madrid, the failed savings bank, and its successor Bankia. And, unlike every single JPM banker pretty much ever, moments ago Rato became the second former IMF head in several years (following DSK), to be placed under arrest.

After Rescuing Ukraine, US Taxpayers To Bail Out Iraq Next

Submitted by Tyler Durden on 04/16/2015 - 15:07 Having generously (if not obliviously) stepped up to the plate to bail out Ukraine (with open-ended bond guarantees), US taxpayers are opening their wallets again - this time for Iraq. As Reuters reports, cheap oil has ravage Iraq's state finances just as the government faces rising military spending from the war it is waging against ISIS; and so it has decided to issue $5 billion in international bonds. However, Iraq is considering other ways to cover its budget deficit, including asking the IMF (i.e. US taxpayers) for relief funding and also requesting the controversial U.S. Export-Import Bank (US Taxpayers) finance the purchase of 10 planes from Boeing Co, which cost the government $500 million.

Yanis Varoufakis Speaks On "The Greek Economy And Its Global Partners" - Live Webcast

Submitted by Tyler Durden on 04/16/2015 - 14:50 Lately the Greek finmin is far more in the media for things he doesn't say, or "allegedly says" (or which fingers he extends during his speeches), than for his official statements, however his statements are still relevant especially with the Greek endgame according to many having started. So feel free to watch him without any lost in translation moments as he speeks at the Brookings Institute, the place where Citadel's latest trader Ben Bernanke blogs out of, on the topic of  "the Greek economy and its global partners." It may be a short speech.

Dollar Dump Sends Oil, Bonds & Stocks Surging

Submitted by Tyler Durden on 04/16/2015 - 13:55 The sudden decision to buy EUR and dump USDs (after a slew of Fed speakers spewed their usual spew) has sparked a buy everything trade across markets as bonds, stocks, and crude are surging...

Spot The Common Theme: Prostitution Scandals, Kickbacks And Money Laundering

Submitted by Tyler Durden on 04/16/2015 - 13:41 If you said these are all things that current or former IMF heads are or have been accused of, you are 100% correct.

Contagion Arrives: European Peripheral Bond Risk Soars

Submitted by Tyler Durden on 04/16/2015 - 11:58 Just yesterday, German FinMin Schaeuble bent the truth, proclaiming that there was no sign of contagion from Grexit concerns. Today, it appears, he will be eating his words, as Italian, Spanish, and Portuguese bond spreads have exploded higher (up 15-30bps this week) amid the collapse of Greek sovereign and bank bonds. All we need now is for some EU leader to claim "Grexit risk is contained," and we know trouble is ahead.

Dangerous Radioactive Material Stolen Again In Mexico

from Dahboo77:

Debt Bubble: Twilight Zone Economics

from Gold Silver Worlds:
Assume you have annual income of $60,000 and credit card debt of $10,000. No problem.
Assume you have the same income but credit card debt of $360,000. Big problem!
The US government has annual income of approximately $3 Trillion and official debt in excess of $18 Trillion. This does not count other liabilities such as Fannie and Freddie, and massive unfunded liabilities. But assuming “only” $18 Trillion in debt (optimistic) the US has the same ratio as a family with $60K income and $360K in credit card debt.
Read More @ GoldSilverWorlds.com

Huge Trouble Is Percolating Just Under The Surface Of The Global Economy

by Michael Snyder, The Economic Collapse Blog:
Did you know that the number of publicly traded companies declaring bankruptcy has reached a five year high?  And did you know that Chinese exports are absolutely collapsing and that Chinese economic growth in 2014 was the weakest in over 20 years?  Even though things may seem to be okay on the surface for the global economy at the moment, that does not mean that big trouble is not percolating just under the surface.  On Wednesday, investors cheered as stocks soared to new highs, but almost all of the economic news coming in from around the planet has been bad.  The credit rating on Greek debt has been slashed again, global economic trade is really slowing down, and many of the exact same financial patterns that we saw just before the crash of 2008 are repeating once again.  All of this reminds me of the months leading up to the implosion of Lehman Brothers.  Most people were feeling really good about things, but huge trouble was brewing just underneath the surface.  Finally, one day we learned that Lehman Brothers had “suddenly” collapsed, and then all hell broke loose.
Read More…

IV vitamin C therapy: A cancer perspective

by Jonathan Landsman, Natural News:
Cancer patients need to understand the danger of vitamin C deficiencies – especially when looking to overcome a cancer diagnosis. In truth, most people suffering with any chronic degenerative disease are vitamin C deficient. Sadly, it’s a fact that Western medicine refuses to recognize due to the influence of the pharmaceutical industry.
Cancer patients find relief with IV vitamin C therapy. Over 40 years ago, Nobel laureate Linus Pauling and Ewan Cameron, MD, a Scottish cancer surgeon, demonstrated the effectiveness of 10,000 mg of vitamin C, per day, to reverse cancer in thirteen patients – that were left to die by conventional medicine. On the next NaturalNews Talk Hour, Jonathan Landsman and Ronald Hunninghake, M.D. talk about the healing power of vitamin C. Do not miss this extraordinary program.
Read More @ NaturalNews.com

Ammunition under Attack: The Move to Ban Traditional Ammo

from Off Grid Survival:
From White House attempts to ban AR15 ammunition earlier this year, to Anti-hunting groups successfully pushing lead ammunition bans in California, there is a growing attempt to shred the second amendment through banning ammunition.
Earlier this week, California officially banned the use of lead ammunition throughout the state. In a unanimous vote, the California Fish and Game Commission chose to phase out lead bullets, which hunters groups warn is a de-facto ban on hunting in the state.
The implementation of this ban will involve multiple phases, beginning with the 2015 hunting season. With environmental reasons being used as an excuse to ban lead ammunition, anti-hunting groups are set to push similar regulations throughout the country at both a state and federal level.
Read More @ OffGridSurvival.com

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