27 Sep 2012

Boom & Bust Vicious Cycle - Max Keiser with Detlev Schlichter

Max Keiser and Stacy Herbert discuss punk rock 'Tall Paul' giving the two finger salute to Ben Bernanke's QE3 and gold adjusting for zero growth, yield, velocity and confidence. In the second half of the show, Max Keiser talks to Detlev Schlichter of PaperMoneyCollapse.com about quantitative easing to infinity, Central Banking 'devils' and the future for the gold standard. Source

NEW ONS SHOCKER: Just 1 in 4 UK adults aged 16-74 has a full-time job - The Slog

THE FINAL PROOF: How neocons and liberals have accelerated Britain’s progress over the cliff

45% of all those currently in work don’t have full time permanent jobs, according to this month’s ONS labour market data .
While that 45% number reflects a reality in the UK Labour market highlighted by The Slog in previous posts, the cumulative result of adding up all the anomolies of our economy’s inability to employ people paints a very bleak long-term picture indeed.
The ONS also tells us that 22.4% of adults aged 16-64 are economically inactive. So that doesn’t include the retired…although of course some of them will be in the 45% of part-timers – thanks to the last fifteen years of Westminster policy shrinking their pension values.
But let’s start from one simple assumption: that very few people over 75 beyond Rupert Murdoch are still working. That’s 9.2% of all adults….but generously leaving out the 6.5% aged 65-74 entirely.
The aggregate comes to a staggering 76.6% not in a full time job. Only one adult in four – at the most – enjoys full-time employment in the United Kingdom.
For the life of me, I cannot understand why the statisticians are scratching their heads, and asking why unemployment is static or falling in the deepest recession for eighty years. The simple reality is that employment is changing: from long-contract, full-time career work to zero contract, short-hours part time or freelance work.
To paraphrase an old and dishonest Saatchi & Saatchi political campaign poster from 1979, the immigration/economic model/reduced welfare/globalist matrix being followed by Britain isn’t working.

Europe's betrayal of Spain - Ambrose Evans-Pritchard

We discover – yet again, you might say – that Germany, Holland, and Finland will not stand behind their solemn pledge of solidarity when push comes to shove.
Spain’s premier Mariano Rajoy has been betrayed. Nobody should be entirely surprised if he and the Spanish arch-nationalists in his circle offer a condign riposte, and bring down the entire temple on the heads of the creditor powers.
He bit the bullet and agreed to the highly intrusive terms of a €100bn eurozone rescue for the Spanish banking system on a specific understanding: that the ESM bail-out fund would ultimately take over the burden by recapitalising Spain’s banks directly.
This deal has been breached. Can we believe anything that the Chancellor of Germany, the prime minister of Holland, and the prime minister of Finland say from now on? The EMU rescue edifice is built on sand.
You might say Mr Rajoy had no choice. But he did. There were those whispering in his ear that Spain should instead retake control over its own monetary, exchange, and sovereign policy levers, and break out of its debt-deflation trap.

Julian Assange to UN: 'US trying to erect national secrecy regime' (Full version)

WikiLeaks founder Julian Assange has called on the United States to move from words to actions, and put an end to its persecution of WikiLeaks, its people and its sources. He made the statement during an address to a panel of UN delegates.
Addressing the representatives of the United Nations' member countries, the WikiLeaks founder spoke of the difference between words and actions, praising US President Barack Obama for his words.
"We commend and agree with the words that peace can be achieved… But the time for words has run out. It is time for the US to cease its persecution of WikiLeaks, our people and our sources."
Assange was highly critical of US involvement in the Arab Spring, denouncing Obama as audacious for exploiting it. He added that it is "disrespectful of the dead" to claim that the US has supported forces of change.

Words From The Grave Maya Naser - No Civil War in Syria - Syrian Girl

By : Press TV Journalist Maya Naser was martyred yesterday when FSA Mercenary Snipers while he was covering a bombing in the Syrian capital of Damascus . He was a patriot and a brave hero that risked his life for the truth. Three weeks before his death I interviewed him on wether or not there was a civil war in Syria. I waited to put it out because i wanted to edit it, and now it's too late for him to see it. I had hoped to interview him again, 'inshallah' he said, 'god willing'. Source

Spanish Bank Deposit Outflow Surge Continues In August

Tyler Durden's picture The crux of the "pain for Spain" was exposed in August, when the world learned that despite all attempts to the contrary, Spanish banks are no longer perceived as safe by the locals, and the result was a record 5% deposit outflow in one month from local banks: cash that was promptly redeposited elsewhere in the Eurozone. And as money flow theorists know all too well, if cash is exiting the Spanish banking system - i.e., if the confidence is just not there, not only is growth impossible, not only are any austerity plans or otherwise to push GDP higher futile, but all attempts to save the local banking system - which is now reliant on the ECB for funding to the tune of a record €412 billion, and which means the country has already been bailed out by the ECB - are futile and merely sunk, literally, costs. In short: the deposit outflows continued, and while not at the record July 5% pace, a whopping €17 billion, or 1.1% of total, deposits left the country for good and is unlikely to come back.

Is A Gold Standard Possible? - Daniel Brebner

From Deutsche Bank's Daniel Brebner:
A Future Gold Standard?
A common theme in discussing the gold market is the prospect for a new gold standard in the future. That such a topic is now common says much about the change in attitudes by investors, many who would have ridiculed the mere mention of such a thing as little as five years ago. It also, perhaps, gives a hint as to the desperation of investors in their search for assets which they believe may protect their wealth over the long-term, a period which may experience more than its fair share of event risk.
If gold were to regain its crown as the primary medium of exchange it would dramatically change the way that governments manage their economies – which some would say is a good thing given the results of their management skills thus far. Nevertheless, the imposition of a gold standard would limit the ability of government to affect the supply of money in the economy. The supply of money would rest entirely with the volume of gold holdings that a country would possess and grow in line with its trade balances plus domestic gold production (depending on domestic resources and whether these resources in fact became state property – which we expect should be of consideration).

Mona Eltahawy Activist Against Bankster Wars Arrested by US Police - Apparently, only zionazis are allowed free speech in New York."

A racist camerawoman stands between a provocative openly racist "Pro-Israeli" ad and Egyptian-American activist Mona Eltahawy who defaces it in the name of protesting racism. Source

Bitcoin 2012 London: Max Keiser

Max Keiser speaks "On Corporations and the American School of Economics", at London Bitcoin Conference 2012. Source

Paul Craig Roberts: America, The Next Banana Republic

Alex also welcomes American economist and Infowars contributing writer Paul Craig Roberts to discuss the impact of Eurpoean austerity measures on world markets amidst ongoing riots. Source

Israeli leaders meet Mahmoud Ahmadinejad in NYC

This video is banned for broadcast on News Networks in USA, Israel and Europe. Mahmoud Ahmadinejad that Israel and US does not want you to see. Jewish leaders and prominent businessmen Greet Ahmadinejad with Inshallah and Bless him for long life. Jews have lived in Iran for thousands of years. Over 50,000 Jews live in Teheran. Israeli Jews Love Mahmoud Ahmadinejad. Source

Amazing mind reader reveals his 'gift'

Dave is an extremely gifted clairvoyant who finds out specific financial information. This video reveals the magic behind the magic, making people aware of the fact that their entire life can be found online. And by doing so urging everybody to be vigilant. Tips for using online banking more safely can be found at http://safeinternetbanking.be Source