13 Oct 2012

The Problem With Centralisation - azizonomics

Aziz: Nassim Taleb slams the European project. Perfect timing to counteract the Nobel Peace Prize nonsense.
Via Foreign Policy:
The European Union is a horrible, stupid project. The idea that unification would create an economy that could compete with China and be more like the United States is pure garbage. What ruined China, throughout history, is the top-down state. What made Europe great was the diversity: political and economic. Having the same currency, the euro, was a terrible idea. It encouraged everyone to borrow to the hilt.
The most stable country in the history of mankind, and probably the most boring, by the way, is Switzerland. It’s not even a city-state environment; it’s a municipal state. Most decisions are made at the local level, which allows for distributed errors that don’t adversely affect the wider system. Meanwhile, people want a united Europe, more alignment, and look at the problems. The solution is right in the middle of Europe — Switzerland. It’s not united! It doesn’t have a Brussels! It doesn’t need one.

Let Your Life Be a Friction to Stop the Machine + This Land is Mine

Nobel Peace in Venice, Italy - 'Police Charge, Students Resist

 By : For Freedom Of Movement

German Self-Immolates In Front Of Reichstag

Tyler Durden's picture When the topic of public suicides in Europe comes to mind, the natural instinct in the past several years has been to immediately think Greece, which has not only seen its suicide rate explode due to the never-ending economic depression, but witnessed a variety of activists take their lives in hopes, so far unmet, of enacting some form of political and social upheaval. Which is why it comes as a major surprise that the latest public self-immolation just took place not in Syntagma Square but in front of the German Reichstag.
From DPA via the Berliner Kurier:
Hundreds of tourists and Berliners on Saturday became eyewitnesses to a spectacular suicide in front of the Reichstag building.

A 32-year-old Berliner stabbed himself in the chest according to police at noon at the main entrance of the Reichstag. He then doused himself with a flammable liquid and set fire to himself.

QE3: Max Keiser with Charles Hugh Smith

Max interviews Charles Hugh Smith from oftwominds.com. He talks about the newly released third round of quantitative easing and its effects on US economy. Charles Hugh Smith has been an independent journalist for 22 years. His weblog, www.oftwominds.com, is a daily compendium of observations and analysis on the global economy and financial markets, as well as notable political, social, and cultural trends. Source

Workers of the World 'Uniting' to Give Up Their Rights and Nations of The World 'Uniting' to Give Up Their Sovereignty - Max Keiser with Nick Verbitsky

Max Keiser and Stacy Herbert discuss workers of the world 'uniting' to give up their rights and nations of the world 'uniting' to give up their sovereignty. And the IMF sees for Europe an Irish like future where JP Morgan, Citibank, Bank of America and the Big Four accounting firms write the laws. In the second half of the show, Max Keiser talks to Nick Verbitsky, director of CONFIDENCE GAME, about the civil mortgage fraud suit filed against JP Morgan. Source

QE Unlimited, China, and Depression 2.0

By Andy Sutton: With the pop from the USFed’s latest attempt at financial shock and awe already seeping from lackluster markets, and the teleprompter news networks losing steam over their promotion of the same, it is time to take a look back at the decisions made on 9/13/2012 and set the record straight on some things.

QEunlimited is not going to save the US Economy.

Perhaps one of the biggest misconceptions about all this easing is that it is somehow going to help the economy. To stimulate it. To bring it out of recession (yes, we’re still in recession). None of these things happened with the first two, but there are some very good reasons it won’t happen with the third. And the truth is there is a much more gruesome component to this latest scam.

As I’ve outlined many times before in these pages, what happens when the USGovt or banks buy up toxic mortgage securities is that they’re buying the note on your house – along with thousands of other notes since they’ve all been bundled up. You signed on the dotted line with Bank of America for example, but now maybe the Chinese own your house. Or the Japanese. Or European bankers. Or the USGovt. So the fed creating another $40 billion (that they’re willing to admit) each month to buy more mortgages ought to be a pretty scary thing. Will they foreclose on you if you can’t make your payments?

PayPal Messes With The Wrong Guys

By Silver Shield: We go into the latest problems we had with PayPal as they held up almost a quarter million dollars of orders for the Silver Bullet Shield Round and how we flipped the board on them instead of begging them. Source  Also we talk about the latest on the production of the medallion.

Opening Pandora’s Box: If Israel Strikes Iran, What About Hezbollah?

By J. Michael Cole: Hezbollah, through direct strikes on Israel or terrorist attacks, could complicate Israel's decision to attack Iran and spark an even greater regional crisis.

As the day approaches when Israel may decide to launch a preemptive strike against Iran in order to cripple its nuclear infrastructure, Israeli policymakers and their allies abroad would carefully assess how the Lebanese-based group Hezbollah would react.
Although Israel is unlikely to launch an attack on Iran prior to the U.S. Presidential election in November, the government of Prime Minister Benjamin Netanyahu is said to be running out of patience and is becoming more vocal in warning that Iran’s nuclear program could cross Israel’s so-called “red line” by next spring or summer at the latest. Other factors, including the outcome of the U.S. elections, the outcome of the P5+1- Iran talks that are expected to follow the U.S. Presidential Election, growing instability in neighboring Syria, and the outcome of the early elections that Netanyahu has just called, will all factor into Israel’s decision on whether to use force against Tehran, and if so, when.

Amanda Todd: Struggling, Bullying, Suicide, Self Harm

RIP Amanda Todd - November 27, 1996- October 10, 2012

2 men arrested for selling falsely labeled Fukushima onions + Major supermarket chain Aeon sells contaminated food up to 50 Bq/Kg

Submitted by :
“..Police said the men first began selling the onions to schools and elderly care homes last January. Around 31 transactions have been discovered so far. The men claim the produce was tested for radiation before being shipped and was found to be within acceptable limits, according to TBS…”

“..They also apologized to those affected, particularly children…”
October 11th, 2012 | 
TOKYO —Two men in Fukushima Prefecture have been arrested for relabeling spring onions grown in the prefecture to conceal their point of origin.
According to police, the men, who work for a food wholesaler based in Miharu, are accused of falsely labeling the onions to indicate that they were grown in Ibaraki and Chiba prefectures, TBS reported Wednesday.
The men were charged with obtaining money by deception. They released a joint statement through their lawyers in which they said they were unable to meet demand for vegetables grown outside Fukushima Prefecture. They also apologized to those affected, particularly children.

The Money Masters ~ Full Movie (Revisited)

The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole...Their secret is that they have annexed from governments, monarchies, and republics the power to create the world's money..." THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules The U.S. and the world today.