Wednesday, August 01, 2012

Hyper Mario And Germany On Verge Of All Out Warfare

Tyler Durden's picture Back in March we wrote "Mario Draghi Is Becoming Germany's Most Hated Man [17]" for one reason: a few months after the former Goldman appartchik was sworn in to replace Trichet with promises he would not "print" Draghi did just that in a covert way via $1.3 trillion in LTROs, that immediately hit the economy and sent inflation across Europe soaring. We said that: "Slowly but surely the realization is dawning on Germany that while it was sleeping, perfectly confused by lies spoken in a soothing Italian accent that the ECB will not print, not only did Draghi reflate the ECB's balance sheet by an unprecedented amount in a very short time, in the process not only sending Brent in Euros to all time highs (wink, wink, inflation, as today's European CPI confirmed coming in at 2.7% or higher than estimated) but also putting the BUBA in jeopardy with nearly half a trillion in Eurosystem"receivables" which it will most likely never collect."

It now appears that the simmering hatred between the two is about to upshift to a whole new level, with the threat of open escalation finally arriving. Because if Sueddeutsche Zeitung is correct, via Reuters, in precisely 12 hours, Draghi will proceed with a plan that has neither Germany's nor Buba's blessing, in the process effectively isolating the only remaining solvent country in Europe, and its de facto paymaster, and forcing Germany to take a long, hard look at the exit sign (which, however, as reported earlier, with each passing day that drags Germany's economy is becoming less of an unthinkable outcome). To wit: "Draghi is planning concerted action using both the ECB and the future euro European Stability Mechanism (ESM) to purchase sovereign debt from Spain or Italy in order to help push down borrowing rates for those two countries." There is one problem: "highly doubtful that the German government would agree to Draghi's approach. The Bundesbank also is likely to reject the idea, the paper added."

Peter Tchir on the ECB's Printers, LIBOR Litigation and the German Tipping Point!

The Federal Reserve released its interest rate decision today: extremely low rates until late 2014. Also, tomorrow, the ECB council meets about possible bond purchases and how to react to the financial turmoil in Europe. We talk to Peter Tchir, founder of TF Market Advisors, about what to expect from the central banks.

'End of capitalism': Bolivia to expel Coca-Cola and legalize cocaine in wake of 2012 Mayan 'apocalypse'

A:'One good turn deserves another. Our Governments banned cocaine, now theirs justifiably reject western products. Perhaps they would take 'Coke' back made with the original recipe?'... 
A woman stands on a street corner in Oruro, a Bolivian mining town in the Andes Mountains In a symbolic rejection of US capitalism, Bolivia announced it will expel the Coca-Cola Company from the country at the end of the Mayan calendar. This will mark the end of capitalism and usher in a new era of equality, the Bolivian govt says.
“December 21 of 2012 will be the end of egoism and division. December 21 should be the end of Coca-Cola,” Bolivian foreign minister David Choquehuanca decreed, with bombast worthy of a viral marketing campaign.
The coming ‘end’ of the Mayan lunar calendar on December 21 of this year has sparked widespread doomsaying of an impending apocalypse. But Choquehuanca argued differently, claiming it will be the end of days for capitalism, not the planet.

The planets will align for the first time in 26,000 years and this is the end of capitalism and the beginning of communitarianism,” said Choquehuanca as quoted by Venezuelan newspaper El Periodiquito.

Thoughtcrime is Real - azizonomics

Aziz: I am careful what I say on Twitter especially, and the internet in general. The sad reality is that the internet is not the place for expressing views that you do not want the wider public — including law enforcement and intelligence agencies — to know you hold.
We already know that the National Security Agency will soon capture all communications — phone calls, search histories, web history, e-mails, passwords, etc — in their Utah data centre.
In Britain, a dangerous precedent is being set.
From the BBC:
A teenager arrested over a malicious tweet sent to Team GB diver Tom Daley has been issued with a warning.
Dorset Police said the 17-year-old boy was held at a guest house in the Weymouth area on suspicion of malicious communications and later bailed.
After coming fourth in the men’s synchronised 10m platform diving event on Monday, Daley, 18, from Plymouth received a message on Twitter.
It told him he had let down his father Rob, who died in 2011 from cancer.
Arrested and cautioned for expressing an opinion. Not for threatening violence. Not even for racial or sexual abuse — as happened in March when a student was convicted of incitement to racial hatred after he tweeted a series of racial slurs.
Just for expressing an opinion that the authorities found to be distasteful.

The Invisible War in Mexico with Professor George Grayson

George W. Grayson, the Class of 1938 Professor of Government at the College of William & Mary, has made more than 200 research trips to Latin America. He is a senior associate at the Center for Strategic & International Studies, an associate scholar at the Foreign Policy Research Institute, a board member of the Center for Immigration Studies, and a lifetime member of the NAACP. Source

Just Open Up Your Eyes And Look - 65 Signs That The Economic Collapse Is Already Happening

Do you want to know when the "economic collapse" is going to happen?  Just open up your eyes and take a look.  The "economic collapse" is already happening all around us.  So many people talk about the coming economic collapse as if it is some massively hyped event that they will be able to point to on the calendar, and a lot of writers spend a lot of time speculating about exactly when it will happen.  But as I have written about before, the economic collapse is not a single event.  The economic collapse has been happening, it is happening right now, and it will be getting a lot worse.  Yes, there will be moments of great crisis.  We saw one of those "waves" back in 2008 and another "wave" is rapidly approaching.  But all of the waves are part of a process that is continually unfolding.  Over the past 40 years, the United States and Europe have piled up the greatest mountain of debt in the history of the world, and now a tremendous amount of pain is heading our way.  Economic conditions in the United States and Europe have already deteriorated badly and they are going to continue to deteriorate.  Nothing is going to stop what is coming.
But many people are still in denial about our economic decline.

Syria Spin Machine: UK lamestream lies exposed

While Syria's still locked in bloody confrontation on the ground, another war is also being waged - the media one. And as RT has discovered, even the world's most respected media outlets who have huge influence in shaping public opinion, resort to distorting facts. Source

'Hunt for Assange on, Sweden a tool of US'

Swedish authorities have declined Ecuador's invitation to question Julian Assange in its London embassy - without any meaningful explanation, according to Wikileaks' twitter feed. The whistleblower has been holed-up in the Latin American country's diplomatic mission for over six weeks now, seeking asylum. Assange is wanted in Sweden for questioning over sex crime allegations which he denies. He believes proceedings may be just a pretext to hand him over to the US - where he fears prosecution on espionage charges for a massive leak of secret diplomatic and military files. Anti-war activist and journalist Don DeBar says Washington is on an all-out hunt for Assange, and is willing to sidestep international law to get him. Source

Social Cleansing: BBC occupies floors of a council flat to cover the Olympics

"We've got G4S (human rights abusers) driving around looking at us like WE are criminals." This is the other face of Olympic Regeneration. Carpenter's Estate, just a stone's throw away from the Olympic village. Source

Mike Maloney tells Ben Bernanke to "Quit and Close the Federal Reserve!"

The FOMC's two day meeting starts today and the ECB will meet later this week, amid the heightened expectations that the central banks are moving toward new actions. But, according to the Wall Street Journal, doubts linger as to whether central banks even have the tools to fix the economic problems they face. A lot of the money the Fed has tried to pump into the economy has wound up right back at the Fed. We will talk to Mike Maloney about what the Fed's actions mean for the lives of average people.

Mystery Caller Ask Alex: Why Not Offensive Action?

Huge Ron Paul Banner greeting Romney in Poland + Polish Citizen Ron Paul Supporter Interviewed