10 Sep 2012

Stefan Molyneux, Philosopher, Calls the 2012 US Presidential Elections!

Heads they win, tails you lose. Stefan Molyneux predicts the end of civilization in November 2012. Source

Buyer Beware: Fake Gold Epidemic Emerging

tungstenBy The 2012 Summer Olympics have come and gone, and you probably learned that true gold isn't easy to come by — even for the world's most celebrated athletes. 
A Gold Medal is only 6 grams gold — a measly 1.34%.
Copper, silver, and other metals make up the rest.
And Olympic Gold Medals aren't the only fakes out there...
Investors are riled up this year, as new cases unfold daily revealing fake gold bars being pawned off as the real deal.
Gold's Gilded Age
In March, UK media coverage exploded with a disturbing phenomena: gold bars filled with Tungsten instead of pure gold.

Gold owners have been shocked when they've attempted to cash in their gold, expecting a small fortune... and instead walked with a fraction of what they expected.
It's a real shame, but these are hard times and gold is perhaps the hottest of all commodities on the market...
And it's about to skyrocket in value yet again.

President of Italy’s Supreme Court to Refer 9/11 Crimes To International Criminal Court

By WashingtonsBlog: Says that 9/11 was “False Flag” Terror, Just Like the Strategy of Tension in Italy
Ferdinando Imposimato is the honorary President of the Supreme Court of Italy, and former Senior Investigative Judge, Italy.
Imposimato presided over several terrorism-related cases, including the kidnapping and ultimate assassination of President Aldo Moro, the attempted assassination of Pope John Paul II, other political assassinations and kidnapping cases and several cases against the Mafia. He is a former Senator who served on the Anti-Mafia Commission in three administrations.
Imposimato is also a former legal consultant to the United Nations regarding institution of laws to control drug trafficking.
This week, Judge Imposimato stated publicly in writing that 9/11 was just like the “strategy of tension” carried out in Italy.
Specifically, the former Italian Prime Minister, Italian judges, and the former head of Italian counterintelligence admit that NATO, with the help of the Pentagon and CIA, carried out terror bombings in Italy and other European countries in the 1950s and blamed the communists, in order to rally people’s support for their governments in Europe in their fight against communism.
As one participant in this formerly-secret program stated: “You had to attack civilians, people, women, children, innocent people, unknown people far removed from any political game. The reason was quite simple. They were supposed to force these people, the Italian public, to turn to the state to ask for greater security” (and see this)(Italy and other European countries subject to the terror campaign had joined NATO before the bombings occurred).

GM Loses Over $49,000 On Every Chevy Volt

Tyler Durden's picture Watching Phil LeBlow providing Ford with a reacharound this morning reminded us of total farce that is both the forest and the trees of the US auto industry. We have discussed the FUBAR channel-stuffing and the subprime-lending SNAFU but now, as Reuters reports, we see the ugly truth about GM's little baby "the Volt is over-engineered and over-priced". Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds.
As a reminder: presenting the Obama Volt

Furthermore, there are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce. And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

Did Lack Of Regulation Cause This Mess? No! - Mish Shedlock

"Glass-Steagall is nothing but a smokescreen."
Numerous people have been writing me about how the repeal of the Glass-Steagall Act has brought about our economic demise.

Here is a refresher course on Glass-Steagall.

The Glass-Steagall Act established the Federal Deposit Insurance Corporation (FDIC) and included banking reforms, some of which were designed to control speculation. Some provisions such as Regulation Q that allowed the Federal Reserve to regulate interest rates in savings accounts were repealed by the Depository Institutions Deregulation and Monetary Control Act of 1980. Other provisions which prohibit a bank holding company from owning other financial companies were repealed in 1999 by the Gramm-Leach-Bliley Act.

Two separate United States laws are known as the Glass-Steagall Act. The Acts (Glass & Steagall) were both reactions of the U.S. government to cope with the economic problems which followed the Stock Market Crash of 1929.

Both bills were sponsored by Democratic Senator Carter Glass of Lynchburg, Virginia, a former Secretary of the Treasury, and Democratic Congressman Henry B. Steagall of Alabama, Chairman of the House Committee on Banking and Currency.

‘Lead or Leave Euro’, Bankster Soros Tells Germany

George Soros has issued a passionate plea to the German government to lead the eurozone out of recession by boosting growth, creating a joint fiscal authority and guaranteeing common bonds, or itself leave the currency union to save the future of Europe.
By Quentin Peel: “Lead or leave: this is a legitimate decision for Germany to make,” the billionaire bankster financier said in an interview with the Financial Times. “Either throw in your fate with the rest of Europe, take the risk of sinking or swimming together, or leave the euro, because if you have left, the problems of the eurozone would get better.”
“It is entirely dependent on Germany’s attitude,” he added. “If they insist on a policy of austerity, of reinforcing the current deflationary stance, and they won’t budge from that, then in fact it would even be better for them in the long run [to leave].”
Mr. Soros, a strong supporter of European integration but an outspoken critic of Germany’s eurozone crisis management since 2010, praised the latest move by the European Central Bank to return to buying eurozone government bonds as “a more powerful step than the previous ones.
“It will have an effect,” he said. “It could even lay the groundwork for an eventual solution. But it is a stopgap, not a solution.”
Simply announcing the possibility of ECB intervention should reduce the risk premium Madrid has to pay on its bonds, but it would not be enough to stop the current deflationary spiral, Mr. Soros said. He did not expect Spain to apply for support “until it has its back to the wall”.
Demanding tougher austerity conditions from countries such as Spain and Italy, however, would reinforce the division in the eurozone between debtors and creditors: “It is a step towards making a two-tier Europe permanent.”
Mr. Soros, 82, will spell out his fears that such a split would lead to the eventual collapse of the currency union – and of the common market and the European Union as a whole – in a speech on Monday night in Berlin.

Due Process: Jeremy Scahill Takes Down MSNBC Panel Shills on Obama Foreign Policy

Barack Obama & The Crisis of Capitalism - Glen Ford

This is a presentation given by Glen Ford of the BLACK AGENDA REPORT (blackagendareport.com) as part of the W.E.B.DuBois Lecture Series at Temple University on November 10, 2011. The title of his presentation ...BARACK OBAMA & THE CRISIS OF CAPITALISM, WHAT MUST BE DONE? Source

MEP Nigel Farage "I love Europe but I am a sworn blood opponent of the EU" - speech in Holland

Farage: "My view was that Britain should simply divorce herself from Europe and the rest of you should carry on with it. That is not my view now, my view now is that actually the whole of Europe needs to be freed from what I believe is an emerging tyranny."

Agenda 21: The End of Freedom - Alex Jones + Family Refuses Mandatory RFID "666 number of the beast" tracking chips for their children

Alex breaks down court rulings that have effectively held banks above the law - in essence, legalizing tyranny. Alex also exposes the media's mind-control "hoax factory" and how it spins disinformation campaigns to manipulate mass sleeping audiences. Also, a special report on the Agenda 21 hell visibly just down the road. Also covered, other important headlines and viewer calls.

Greek Neo-Nazi Party Surges To Third In Polls and Anti-Bailout Syriza Back On Top as 54% Of Germans Hope Krimson Kardinals Just Say "Nein" To ESM

Tyler Durden's picture While there is still some debate whether the proper alternative nomenclature of the Greek ultranationalist party Golden Dawn is "neo-nazi", there is no debate that the party, which is a manifestation of every broken Greek hope and dream, after posting a shocking result in the recent Greek parliamentary election which saw it coming in fifth and entering parliament after, continues to soar in popularity and is now the third most popular party in Greece with 12% of the vote. Above it are only two other parties: the conservative New Democracy which won the June elections with 29.6% of the vote, which is now down to 28%, and on top, in an ominous development for EUR-bulls, is the anti-bailout and anti-memorandum leftist coalition Syriza, which has threatened to end the bailout, and effectively to take Greece out of the Eurozone, setting off the much dreaded dominoes.
From the WSJ:
Greece's anti-bailout leftist Syriza party would win if elections were held today, while ultranationalists Golden Dawn would become the third-largest party in parliament, a poll showed Friday.

China buying Euro bonds - Max Keiser with Constantin Gurdgiev

Max interviews Constantin Gurdgiev from twitter.com/GTCost. Constantin talks about whether China's move to buy European bonds is good news or bad news for the Eurozone. Constantin Gurdgiev is a Russian economist based in Dublin, Ireland. He is a former editor of Business & Finance Magazine. He is an adjunct lecturer in Finance with Trinity College, Dublin and has lectured in Economics at University College Dublin and Johns Hopkins University.