3 Jan 2013

IMF States Entire Derivatives Market is a WMD Time Bomb - Jim Sinclair

The Doc: Gold and derivatives expert Jim Sinclair has sent subscribers an alert this morning warning on the severity of the global derivatives market, which Sinclair has dubbed the Global Derivative Graveyard Problem. The IMF, which currently estimates the global derivatives market to be approximately $600 trillion (rather than the true $1.26 QUADRILLION notional), has come out and stated that the entire derivatives market is a WMD time bomb.

Sandy Hook & What Requires Disarming Americans? - Morris + Democide, 290 Million People Killed by Govenments!

Morris: The sandy hook story has fallen apart - Damage limitation mode is in operation - Yet the majority of the population accept what the mainstream media is saying - The big question (pointed out to me by a commenter) is what sinister intentions are in store that they need to disarm the population? - Concentrating on Sandy Hook can be a distraction to the bigger plan - Has investigating 9/11 or 7/7 stopped the military adventures that they supposedly justified? - We are all Palestinians now

Gaddafi millions: French judge hears shady details of cold blooded backstabber Sarkozy's campaign funding

RT: Evidence has been promised to a French court that could prove former President Nicolas Sarkozy accepted more than €50 million in campaign donations from ousted Libyan leader Muammar Gaddafi.
­Information pointing to the existence of such documents was revealed late last year by Franco-Lebanese businessman Ziad Takieddine. He’s currently facing corruption charges and is under investigation over allegations of his involvement in a money laundering operation between France and the Middle East, in which he is believed to have been involved for 20 years.
“I can provide you with details of the financing of Nicolas Sarkozy’s campaign,” Le Parisien quoted Takieddine as saying. He told the judge the sums involved would exceed €50 million, as Sarkozy’s 2006-7 campaign was “abundantly” financed by Tripoli. The payments continued after Sarkozy's victory, Takieddine added.
Takieddine’s testimony repeats allegations made by Gaddafi’s son Saif al-Islam and French investigative website Mediapart. Sarkozy has denounced the claims as “grotesque.”
He also claimed to be in possession of “evidence that three French companies in Libya have received contracts for fictitious services" to the tune of "more than €100 million."

Basel Becomes Babel as Conflicting Rules Undermine Safety

The first Basel agreement on global banking regulation, adopted in 1988, was 30 pages long and relied on simple arithmetic. The latest update, known as Basel III, runs to 509 pages and includes 78 calculus equations.
The complexity is emblematic of what happened over the past four years as governments that injected $600 billion to rescue failing banks during the worst financial crisis since the Great Depression devised ways to make the global banking system safer. Those efforts have been stymied by conflicting laws, divergent accounting standards and clashing rules adopted by nations to protect their interests, all of which have created new risks.

“They’re like a bunch of bumper cars,” Karen Shaw Petrou, managing partner of Washington-based research firm Federal Financial Analytics Inc., said of revamped banking regulations. “On their own, each might do some good things, but they bump into each other over and over. That could render them useless, or worse perhaps harmful.”
While higher capital requirements, curbs on banks trading with their own money and other rules have reduced risk, they have magnified the complexity of supervision, according to two dozen regulators, bankers and analysts interviewed by Bloomberg News. Even if the new regulations can be enforced, they don’t go far enough to ensure safety, said Robert Jenkins, a member of the Bank of England’s financial policy committee.

Krugman One Ups Keiser With Platinum Crash Dummy

Trade with Dave: Technically speaking it would be a “two-upping” of Max.  Forget Crash JP Morgan ~ Buy Silver, that’s small potatoes.  Forget the Basel III gold as money meme and a fractional Fekete Tier 1 capital status, that’s old news.  How about Crash Global Confidence ~ Mint Platinum?  Krugman in the NY Times calls the trillion dollar platinum minting seigniorage gimmick a “pretty good case.”

Krug raps his case for America’s Top 40 debt hits like Casey Kasem spins platinum
I know it’s hard to believe, but Paul Krugman is weighing in with his New York Times piece on the government’s platinum coin seigniorage strategery.  Sometimes I can’t even believe it myself that some of these outlandish topics that I cover are actually getting traction.  This idea for accruing the seigniorage of two platinum coins minted in an effort to balance the budget is the biggest financial fiasco I have ever heard of.  If you didn’t know about it before now, here’s some back story.
As Dave stated previously:
“It would matter big time when you’re talking about Seigniorage because since coins are issued by the U. S. Mint rather than by the Federal Reserve the seignoirage accrues to all the people which has great political appeal.”

They Should Tell You - Suspicious 0bservers

The Evidence: http://youtu.be/bEo3PBaVha8
Solar System Shift: http://youtu.be/kYSIN5zhoow
The Solar Killshot: http://youtu.be/X0KJ_dxp170

Hierarchy of Fraud - Keiser Report with John Perry Barlow

Max Keiser and Stacy Herbert discuss the newly knighted, Sir Hector Sants, the catastrophic ambition of global bank fraud and the merger of the police state and the banks in the suppression of Occupy Wall Street. In the second half of the show, Max Keiser talks to 'the Thomas Jefferson of the internet,' John Perry Barlow about his new website, pressfreedomfoundation.org, started with John Cusack and Daniel Ellsberg and dedicated to circumventing financial blockades and, thus, enabling donations to such groups as WikiLeaks and others dedicated to transparency and journalism. Source

Fed Guzzles Salt and Fresh Water Ideologies while Washington Strikes a "Dairy Deal"

As we begin 2013, we reflect on some economic predictions that never came true. After the Fed's unprecedented actions in 2008, some predicted massive double digit inflation by now. Yet headline consumer price inflation, as of November 2012, was below 2 percent. And as for inaccurate predictions, Federal Reserve's expectations of growth over the past 10 years have greatly overstated actual growth. These inaccurate predictions are now the basis for Fed policy, as the FOMC announced in December "The Committee...currently anticipates that this exceptionally low range for the federal funds rate will be appropriate at least as long as...inflation between one and two years ahead is projected to be no more than a half percentage point above the Committee's 2 percent longer-run goal." We talk to Pragmatic Capitalist Cullen Roche about why so many wrongly predicted inflation and what the Fed's overly optimistic past predictions mean for its future interest rate guidance. He breaks down monetary mechanics and his view on why this understanding is missing from mainstream economics.

New York Times Op Ed: “Let’s Give Up on the Constitution”

libertyblitzkrieg: This New York Times Op Ed by Louis Michael Seidman, a constitutional law professor at Georgetown University, is one of the most absurd and dangerous articles I have read in a very long time. This guy’s incredible conclusion is that it is the Constitution of the United States itself that is causing all that ails the nation at this time.  Not once did I read about the Federal Reserve, or the “war on terror,” or the banker bailouts, or the complete destruction of the rule of law in recent years.  Nope, none of that.  Instead, this scholar’s conclusion is that the founding document, which created the fertile breeding ground for freedom and free markets and led to tens of millions of people to flee to from all corners of the globe, is the problem.
I suppose someone failed to remind Mr. Seidman that the oath of office for the military and those that hold political office continues to be:
I do solemnly swear that I will support and defend the Constitution of the United States against all enemies, foreign and domestic.
As I have said for years, a key part of the macro agenda of the corrupt elite has been and continues to be the destruction of the U.S. Constitution.  While the Bill of Rights is already being dismantled behind the scenes, Mr. Seidman is part of the effort to “sell” this concept to the sheeple  as I noted in my article: Here We Go…Slate Magazine Bashes the First Amendment.  I expect more of this type of propaganda going forward.

Israeli forces evict 500 Palestinians from their homes in West Bank

Palestinians prepare to evacuate as the Israeli army prepares to carry out military exercises in the Wadi al-Maleh area in the north of the Jordan Valley in the occupied West Bank on January 2, 2013.UK banned Press TV: Israeli forces have evicted around 500 Palestinians from their homes in the occupied West Bank.

Many of the Palestinian residents were forced to vacate their homes in the Wadi al-Maleh area in the north of the Jordan Valley in the occupied West Bank on Wednesday, AFP reported.

Israel called the homes in the area “illegal” and said the evacuation is temporary and for a military exercise.

"Due to a military exercise... temporary eviction notices were distributed today,” the Israeli military said in a statement.

"At the conclusion of the exercise, the residents will be permitted to return," the statement added.

However, Majid al-Fitiani, the Palestinian governor of the region, condemned the action and said, "Even an expulsion of 24 hours is unacceptable."

The 96 Charts That Have To Be Seen To Be Believed For 2013

In many respects, 2012 was a year of waiting: waiting for a path forward on the European debt crisis; waiting for the results of a polarizing U.S. election; waiting for the Chinese leadership transition; waiting for a resolution to the U.S. fiscal cliff issues; waiting for the Middle East to find peace; waiting for a clear path to global growth; and therefore, waiting to invest additional assets in the markets (or not, as the case may be). In this 2013 Outlook, Michael Cembalest, JPMorgan Asset Management's Chairman of Market and Investment Strategy, provides a comprehensive summary of the global factors at play, with a tone of optimism grounded in realism. Perhaps just what we need after the surreality of the last two days. The Odyssey. As we head into 2013, the global economy is treading water...


Mother, do you think they’ll drop the bomb? Mother, do you think they’ll like this song? Mother, do you think they’ll try to break my balls? Ooh ah, Mother, should I build the wall?

Mother, should I run for president? Mother, should I trust the government? Mother, will they put me in the firing line? Ooh ah, Is it just a waste of time?

The lyrics to Mother had both a literal and figurative meaning for Roger Waters. He was literally describing his overprotective single mother (his father was killed in World War II) building walls to protect him from the outside world. The figurative meaning is Big Mother sending its boys off to war and using fear to control and manipulate the masses. At the time he wrote this song in 1979, the Soviet Union was thought to be at its peak of power and the Berlin Wall represented a boundary between good and evil. Nuclear war was still a looming fear. Waters has always had a dim view of totalitarian states and institutions (English schools). Having seen his Wall Tour performance this past summer at Citizens Bank Park with a diverse crowd of 40,000, ranging in age from senior citizens to teenagers, it seems this song has gained new meaning. He sang a duet with himself from 1980 projected on the Wall and when he sang the lyric, Mother, should I trust the government?” the entire stadium responded in unison – NO!!!