17 May 2012

Chris Whalen Drops the F-Bomb on Wall Street while sounding the Bankruptcy Alarm!

As world leaders arrive in the us for the G8 Summit, not to mention the nATO summit this weekend -- we'll talk about the realpolitik of the US situation when it comes to generating domestic economic growth. Chris Whalen has written about a choice between debt and inflation or war, and says finding a way to avoid these two extremes is now the chief concern.

Patent Judges Completely Out Of Touch With How Much Patents Hinder Technology Innovation

from the and-that's-sad dept

Last year, we were quite disappointed (but not surprised) to see former CAFC Judge Paul Michel argue publicly that we need many more patents to encourage innovation. He went so far as to suggest a tax credit for getting patents. He also argued that more patents would mean more technology jobs -- ignoring pretty much all of the research out there. CAFC, of course, is the appeals court that handles most patent appeals cases, and since its establishment has been a major part of the problem. You can trace the massive expansion of bogus patents to CAFC's views on patenting, expanding what was thought to be patentable, and generally doing tremendous harm to the important limits on such government granted monopolies.

Tim Lee recently got to talk to Michel following a talk he gave, and what becomes clear is that Michel is completely out of touch with how much of a problem patents are in the tech world today.

Sheik Imran Hosein: Secret Societies The Father The Son and The CIA and The Mossad + Wherever the West has Gone Society is Crumbling + Wahhabis - Salafists +

These secretive groups also maintain links with the transcendental world along with the satanic rituals. The Koran commands us to speak in a straight forward way both in personal relationships and in Public; be above aboard with no duplicity. Duplicity is when there is a Peace Treaty while preparations are made for war. Public life is now corrupt.

Debt-a-holic Zombies - Max Keiser with Mike Maloney

'Scopolamine' The Devil's Breath of too much debt and JP Morgan's black and blue dementia. In the second half of the show Max talks to Mike Maloney about gold, silver and Hollywood accounting. Source

US judge blocks indefinite detention of Americans + Judge Napolitano: Shoot down a drone, become an American hero

A US federal judge has temporarily blocked a section of the controversial National Defense Authorization Act that allows for the indefinite military detention of US citizens.
In a 68-page ruling, US District Judge Katherine Forrest agreed on Wednesday that the statute failed to “pass constitutional muster” because its language could be interpreted quite broadly and eventually be used to suppress political dissent.
"There is a strong public interest in protecting rights guaranteed by the First Amendment," Forrest wrote, according to CourtHouseNews.Com. "There is also a strong public interest in ensuring that due process rights guaranteed by the Fifth Amendment are protected by ensuring that ordinary citizens are able to understand the scope of conduct that could subject them to indefinite military detention."

Curing Debt With Debt – Bad Things Will Happen - Lacy Hunt - Casey Research

Dear Readers,
Here is the next installment of the video conversations we recorded at our recent Recovery Reality Check Summit in Weston, Florida. In this interview, CET Editor Alex Daley converses with economist Lacy Hunt regarding the problems with the US economy and what should be done about them. Hunt is extraordinarily clear and makes a compelling case. I'd call for more huge spending cuts and no tax increases, rather than his balance of the two – but neither of us will get our wish anytime soon, so, as Hunt says: "Bad things will happen."

Panetta: Obama Has Authority to Override Congress to Declare War

Offence Secretary Leon Panetta says the President has the authority to override Congress' exclusive power to declare war, if some "vital interest" is at stake. Source

five minutes of Max Keiser in Los Angeles

“Infinite credit at 0%. Is it possible to have capitalism without capital? The answer is of course yes and no depending on who you speak with. For some like the new york times it’s possible, for others like those who are blowing their brains out in Athens, it doesn’t work so well explained Max Keiser.

Tal Golesworthy: How I repaired my own heart

The Wisdom of Thucydides

by gojam: Thucydides was probably born about 460BC and was for a time a General on the side of democratic Athens against aristocratic Sparta in what is known as the Peloponnesian War in which most of Greece took a side. After being exiled he wrote his famous history. The passage that I’ve quoted in full below is, in my opinion, one of the finest passages of classical antiquity. I was somewhat surprise not to be able to find it elsewhere quoted online. It descibes the breakdown of civil society and in doing so it perfectly describes every civil war and revolution that has taken place in the almost two and half thousands years since it was written including the English Civil War, French Revolution, American Civil War, Russian Revolution, and Spanish Civil War. Human nature, it seems is immutable.
I bring it to attention in the vain hope that those who have blindly pursued the policies which have brought Greece to the brink and risks plunging the whole of Europe into the abyss, might consider more keenly the consequences of their actions and change course before it’s too late.
So revolutions broke out in city after city, and in places where the revolutions occured late the knowledge of what had happened previously in other places caused still new extravagances of revolutionary zeal, expressed by an elaboration in the methods of seizing power and by unheard-of atrocities in revenge. To fit in with the change of events, words, too, had to change their meanings.

Globalists plan to sabotage Greek election: in fact they already have

By Richard Cottrell: Greece is a small country of about ten million people, who normally mind their own business and don’t give a lunchtime ouzo for what the rest of the world is doing.
Yet here they are slap bang in the eye of the great fiscal storm wracking the euro and the European proto-superstate.
Lately they have been behaving really badly, such as voting for the wrong parties in the recent general election, refusing to swallow the toxic medicine force-fed by mad foreign doctors, and worst of all, ignoring diktats issued by German politicians.
Just over twenty years ago I wrote a book (see here) that explained how it is always the curse of Greeks to be pushed and shoved around by big bullies.
Examples:  the Italian and German invasion of 1940; then the bitter, deadly Greek civil war stirred up by Churchill and Truman after WW2 because they were obsessed with the idea that the communists would seize the gateway to the Suez Canal; and not least the imposition of the fascist military junta at the behest of NATO in 1967.
I address my readers to the last sentence in particular, partially because the episode is largely forgotten and partially because another putsch on similar lines may be just around the corner.

Jim Rickards On Europe's Bank Run And Why JP Morgan Was Late To - Puke The Trade

Minutes are out from the Federal Reserve's latest open market committee meeting, which means everyone is looking for what the Fed will do next in order to manipulate rates and thus economic reality. But what are the consequences of this manipulation? Jim Rickards, author of the bestselling book Currency Wars, is here to talk about them.