17 Nov 2012

Kyle Bass - Magic Money Trees: Fallacies Such As MMT Are "Leading The Sheep To Slaughter" And "We Believe War Is Inevitable"

Below are some of the key highlights from Kyle Bass' latest,and as usual, must read letter: On central banks and the final round of global monetary debasement:
Central bankers are feverishly attempting to create their own new world: a utopia in which debts are never restructured, and there are no consequences for fiscal profligacy, i.e. no atonement for prior sins. They have created Potemkin villages on a Jurassic scale. The sum total of the volatility they are attempting to suppress will be less than the eventual volatility encountered when their schemes stop working. Most refer to comments like this as heresy against the orthodoxy of economic thought. We have a hard time understanding how the current situation ends any way other than a massive loss of wealth and purchasing power through default, inflation or both.

In the Keynesian bible (The General Theory of Employment, Interest and Money), there is a very interesting tidbit of Keynes’ conscience in the last chapter titled “Concluding Notes” from page 376:

[I]t would mean the euthanasia of the rentier, and, consequently, the euthanasia of the cumulative oppressive power of the capitalist to exploit the scarcity value of capital.

Palestinians hack Israeli Kadima party website

The website of Israel's largest political party, Kadima, has been hacked by Palestinians as the Zionist regime continues its attacks against the blockaded Gaza Strip.

Kadima party, headed by opposition leader Tzipi Livni, said it shut down its website after Palestinian hackers infiltrated it Friday night. Livni's blog was also hacked.

Israeli reports said Palestinian hackers also targeted a number of other Israeli websites including the Tel Aviv Municipality.
The Kadima Website was once more hacked during Operation Cast Lead, an offensive Tel Aviv launched in December 2008 against the Gaza strip in which over 1,300 Palestinians were killed.
This comes as Israel continues the attacks, which it began on Wednesday, against the Palestinians in the Gaza strip.

Voice of Resistance From Gaza - Sound only and Gaza Regional Resistance News Update by Morris

By : Recorded 17 November 2012
"Iron Dome failing miserably, only 20% effective 
against besieged puny Gaza!" Read on...

Global anti-Israel protests staged as fears of Gaza ground invasion escalate

People hold signs as they chant during a Pro-Palestinian protest against Israel across the street from the Israeli consulate in New York Novemer 16, 2012 (Reuters / Carlo Allegri)People hold signs as they chant during a Pro-Palestinian protest against Israel across the street from the Israeli consulate in New York Novemer 16, 2012 (Reuters / Carlo Allegri)
RT: Israel’s airstrikes on Gaza have sparked global protests condemning the attack. Thousands of people across the Middle East, the West, and Europe have come out to show their disdain. Yet, some countries remain convinced of Israel’s right to destroy.
Israel’s airstrikes on Gaza have sparked global protests condemning the attack. Thousands of people across the Middle East, the West, and Europe have come out to show their disdain. Yet, some countries remain convinced of Israel’s right to attack.
Israel’s Operation 'Take More Land and Murder More Palestinians' – which began Wednesday and has taken the lives of 39 Palestinians and three Israelis so far, according to Palestinian local media – has divided the international world. (Angelo: Sure, lame stream media zombies and the rest of us.)

America's financial war on Europe - Rick Ackerman with Max Keiser

Max interviews Rick Ackerman from rickackerman.com. He talks about the latest on equity, bond and debt markets and "America's financial war on Europe". Rick Ackerman is the editor of Rick's Picks and a partner in Blue Fin Financial LLC, a commodity trading advisor. Source

'Crash JP Morgan' - 2nd Anniversary Special - Max Keiser with James Turk

Max Keiser and Stacy Herbert present the two year anniversary special of their Crash JPM, Buy Silver campaign. They discuss JP Morgan doing everything to protect the Queen of their massive silver short position - a position that has DOUBLED in the past two years according to Rob Kirby of GATA and Kirby Analytics. They also discuss Central Banks pulling on their own little bungee cords by printing money.

Anonymous hack hundreds of Israeli websites, delete Foreign Ministry database in support of Gaza

Anonymous has launched a massive attack named #OpIsrael on almost 700 Israeli websitesRT: Hacker group Anonymous has launched a massive attack named #OpIsrael on almost 700 Israeli websites, protesting against Operation Pillar of Defense in Gaza. Israeli media confirmed the group’s move.
­The hackers reportedly took down websites ranging from high-profile governmental structures such as the Foreign Ministry to local tourism companies’ pages.
The biggest attack as of now has been the Israeli Foreign Ministry’s international development program, titled Mashav. Anonymous announced on Twitter they’ve hacked into the program’s database, with the website remaining inaccessible at the moment.
“There is [sic] so many defaced Israeli websites right now, that we just made a list of them,” Anonymous tweeted.

Bastards: Long-term peace was within reach before Israeli attack

Israel has chosen to attack Gaza in order to avoid reaching a longer-term peace settlement that was being negotiated with the help of Hamas’ military leader Ahmen Jabari, who was assassinated in an Israeli attack Wednesday, says Israeli activist.
Israeli peace activist Gershon Baskin spoke to RT confirming that Ahmen Jabari was involved in peace settlement negotiations with Israel and was due to send Hamas’ version of a peace draft to Baskin on Wednesday evening before he was killed.
RT: So you're saying that a draft of a permanent truce agreement already existed. What went wrong then?
Gershon Baskin: It was initially drafted 8 months ago. It was presented to the Israelis, Hamas, Egyptian intelligence and the UN for deliberation. Both Israelis and Hamas decided not to agree. Over the last months the ceasefires got shorter and shorter and the intensity of the fighting increased. And I decided together with my counterpart in Hamas, we were instrumental in negotiating a prisoner exchange deal that led to freedom of Gilad Shaid, the Israeli soldier held in captivity by Mr. Jabari, we decided to push forward. My Hamas counterpart wrote a new version of the draft and he was presenting it to Hamas leaders. In fact on Wednesday morning he was presenting it to Ahmed Jabari himself. I was supposed to receive later that evening the copy of the draft in Arabic for me to deliver to the Israelis who were waiting for it along with Egyptian intelligence.


Photos From Gaza

Tyler Durden's pictureMost have read about the events in Gaza over the past three days, for the most part insulated and buffered by a distance of several thousand miles and one or more oceans, from what is rapidly becoming ground zero of a new and most deadly escalation in the center of the Middle Eastern powder keg. Few, however, have witnessed and documented it quite as well as French photographer Anne Paq and her collection of photos below.

Gulag Gaza: UN calls for restraint, Israel authorizes more reservists, bodies continue to pile up

By Madison Ruppert: The news coming out of Israel and Palestine is hardly getting any better as protests continue to erupt, more reservists are called up by the Israeli military, rockets hit Jerusalem and some argue that any possibility of peace was eliminated by the very public killing of Hamas leader Ahmed Jabari.

The death toll continues to rise with no less than 29 Palestinians, among them 16 civilians including eight children and a pregnant woman, killed in Gaza according to officials cited by Reuters, while three Israeli civilians have been killed by a rocket. Naharnet confirmed that since Wednesday Israeli aircraft “has killed 29 Gazans and sparked outrage across the Arab and Islamic world.”

The numbers of those killed in Gaza continues to rise while an Israeli military spokesman told AFP, “A rocket fired from Gaza hit an open area outside of Jerusalem, causing no injuries or damage.”

A second rocket landed in the sea off the coast of Tel Aviv “some 200 meters (yards)” from the beachfront U.S. embassy which sent beachgoers fleeing, according to an eyewitness cited by AFP.

According to a report from Israeli news outlet Haaretz, Israeli peace activist Gershon Baskin, the man who helped mediate the deal between Hamas and Israel to release Gilad Shalit, said that Jabiri received a new truce document shortly before he was killed.

JTA reported, “Israeli officials ordered the hit on Jabari despite knowing about the truce draft.”

BUSTED! Israel is Raping Gaza and Cyprus: First they came for the Palestinians, today they have come for the Greeks and for you. We should bar Israel from having an army! WWII style

The video title is "BUSTED! Israel is Raping Gaza of Palestinian Gas Reserves. THOU SHALL NOT STEAL." Why does my instinct tell me that the deal with Cyprus off shore gas is a similar shakedown. The genius part is convincing the Greek Cypriots that the 10% they will get as part of the deal is a hard but fair deal whereas the reality is that any cut will be siphoned off to line the pockets of... you guessed it, invariably Israeli banksters. As far as I can see the Jewish oligarchs have been all powerful for several hundred years, encouraging depravity and war and using their control of finance in a shameful manner. When I relate the world of today to the world of Hitler, no doubt they snuck up on him too. Had he gassed their banksters, the real bastards of that race. I am not a socialist. I am for a free market, the current crony fascism is not a free market, but now that we have seen the deception, I suggest that sovereign states simply nationalize their wealth and have done with it. I am with Roseanne Barr on this one, Anyone not content with $100,000,000... after therapy... The gas chamber!