10 Jun 2013

German court case could force euro exit, warns key judge

By : Udo di Fabio, the constitutional court’s euro expert until last year, said the explosive case on the legality of the European Monetary Union rescue machinery could provoke a showdown between Germany and the European Central Bank (ECB) and ultimately cause the collapse of monetary union.
“In so far as the ECB is acting 'ultra vires’, and these violations are deemed prolonged and serious, the court must decide whether Germany can remain a member of monetary union on constitutional grounds,” he wrote in a report for the German Foundation for Family Businesses.
“His arguments are dynamite,” said Mats Persson from Open Europe, which is issuing its own legal survey on the case on Monday.
Dr Di Fabio wrote the court’s provisional ruling last year on the European Stability Mechanism (ESM), the €500bn (£425bn) bail-out fund. His comments offer a rare window into thinking on the eight-strong panel in Karlsruhe, loosely split 4:4 on European Union issues.
The court is holding two days of hearings, though it may not issue a ruling for several weeks. The key bone of contention is the ECB’s back-stop support for the Spanish and Italian bond markets or Outright Monetary Transactions (OMT), the “game-changer” plan that stopped the Spanish debt crisis spiralling out of control last July and vastly reduced the risk of a euro break-up. 
The case stems from legal complaints by 37,000 citizens,

Lame Stream FIRST LOOK inside the FEDERAL RESERVE +

A Message From Your Friendly ECHELON/Total Awareness/Boundless Informant Surveillance System

Charles Hugh Smith: There's never enough information to be absolutely safe.
Greetings Mr. J.Q. Public:
J.Q., you don't know me but I know you. I am your friendly ECHELON/Total Awareness/Boundless Informant Surveillance System--actually, an automated response feature of the system.
You may wonder why you are receiving this email, and you may attribute it to the email you sent an associate stating that the theater play you attended "bombed." Since enemies of America use code phrases rather than overt words like "bombed," that email was noted but not considered actionable. I'm not authorized to reveal what did attract my attention about your communications.

In my routine search of your public records, and all 11,379 emails, texts, message board posts and phone calls you've made in recent years, I found a disturbing trend I am obligated to report to you: your affection for pepperoni pizza with hot chilis and olives (most often from Frank's Pizza Parlor, 1.34 miles from your home) appears to be negatively impacting your health, as your medical records indicate high blood pressure and high cholesterol.
You see, the ECHELON/Total Awareness/Boundless Informant Surveillance System is all about protecting you--from terrorists bent on destroying America's freedoms and way of life, and also, if need be, from yourself.

Bank Profits Soar, Wages Suffer Sharpest Decline in 60 Years

Bill Black: The economy is recovering—unless you work for a paycheck. Source

Alex Jones blasts at the BBC One Sunday Politics + The Obliterator

MehdiZejnulahu: Amazing video, how humanity is on the verge of revolution, the fight for perception of ranking values within human existence...

BBC Sucks O Cocks News - Wow!!!!! Edward Snowdon...just stunning + lukewearechange talking about Bilderberg +

The Artist Taxi Driver

When the bond bubble finally bursts, a lot of investors will get hurt

The extent of distortion in the bond markets is quite remarkable
Stock Trader Clutching His Head in Front of a Screen Showing a Stock Market CrashBy : Two weeks ago, I suggested that the bond market was caught up in a serious bubble and that its potential bursting represented the greatest threat to financial stability. Since then, bond markets here and abroad have indeed been weak. But you ain’t seen nothin’ yet.
True, this isn’t a bubble in the classic sense of markets holding unrealistic expectations (as they did, for instance, during the dotcom boom). It arises as a result of the correct perception of official policy. But the extent of the distortion this has caused in the bond markets is quite remarkable.
In the 1950s and 1960s, UK government bond (gilt) yields had averaged about 5pc. There had been periods when gilt yields had been much lower, for instance in the Great Depression of the 1930s. But not as low as now. At the recent trough, yields dropped as low as 1.5pc. Even after the recent bond weakness, UK 10-year yields are still only about 2pc.

Columnist exposes Obama surveillance

CNN: The Guardian's Glenn Greenwald talks to Howard Kurtz about exposing the Obama administration's surveillance program. Source

Alex Jones vs the BBC - Petition Against Obama

AJ: Alex files a concluding report from the Bilderberg conference in Watford, England. He talks about his BBC appearance earlier today that took the staid British media by storm. Prior to the interview, Jones confronted at the BBC studio Bilderberg member and UK Shadow Chancellor Ed Balls who has broken the ministerial code by taking part in a secret lobbying meeting.

It's Going to Get Much, Much Worse - Ron Paul

Why self-reliance & less government are key to our future 
By Adam Taggart: Dr. Ron Paul has long been a leading voice for limited constitutional government, low taxes, free markets, sound money, civil liberty, and non-interventionist foreign policies.

IMF Says Another Greek Bailout Necessary

Tyler Durden's picture Just six short months ago (before GGBs rallied 119% and the Athens Stock Index 53%), the EU and IMF agreed on Greek Debt/GDP targets, pronounced the nation "fixed", and went on winter vacation. Well, surprise, the hockey-stick of expected GDP has not come to pass and now, as Der Spiegel reports, the IMF is refusing to participate in further rescue programs for Greece unless financing for the nation is secured for the next 12 months - in other words - a new haircut for Greece will be required to cover the EUR4.6 billion funding shortfall.

David Icke arrives at Bilderberg 2013 + Addresses thousands at protest

AJ: David Icke arrives at Bilderberg 2013 and is immediately mobbed.
"We refuse to cooperate with our own enslavement! ..They divide and rule! ..Everybody's injustice is our injustice!  ..This is the end of the beginning. No more fear of authority!"