The Artist taxi driver
23 Jun 2013
The Bank-sters Of International Settlements Warn The Monetary Kool-Aid Party Is Over - now they want all your stuff, for ever and ever
Submitted by Tyler Durden: When a month ago the Central Banks' Central Bank, aka the Bank of International Settlements (or BIS) in Basel where the MIT central-planning braintrust meets every few months to decide the fate of the world, warned that the Fed-induced collateral shortage is distorting the markets, few paid attention. That the implication behind said warning was that QE can not continue at the current pace, was just as lost. A few short weeks later following the biggest plunge in markets since 2011 in the aftermath of Bernanke's taper tantrum, some are finally willing to listen.However, they will certainly not like what the BIS just released as a follow up, both in the form of the BIS' 83rd Annual Report, and the speech by Jaime Caruana to commemorate said annual meeting. For the simple reason that it reads like a run of the mill Sunday morning Zero Hedge sermon, which says, almost verbatim, that the days of kicking the can via flawed monetary policy are now over, and that the time for central banks to end the monetary morphine drip has finally come.
"Please stop hitting your babies." - Stefan Molyneux
The mass demonstration took place in Federal Plaza Square in lower Manhattan, where a huge platform had been set up for several hundred rabbis and leaders of communities. In front of the platform were seated hundreds of prominent and esteemed people, while the rest of the square was overcrowded with the tens of thousands participants.
Submitted by Tyler Durden: With his revelations exposing the extent of potential, and actual, pervasive NSA surveillance over the American population, Edward Snowden has done a great service for the public by finally forcing it to answer the question: is having Big Brother peek at every private communication and electronic information, a fair exchange for the alleged benefit of the state's security. Alas, without further action form a population that appears largely numb and apathetic to disclosures that until recently would have sparked mass protests and toppled presidents, the best we can hope for within a political regime that has hijacked the democratic process, is some intense introspection as to what the concept of "America" truly means.However, and more importantly, what Snowden's revelations have confirmed, is that behind the scenes, America is now actively engaged in a new kind of war: an unprecedented cyber war, where collecting, deciphering, intercepting, and abusing information is the only thing that matters and leads to unprecedented power, and where enemies both foreign and domestic may be targeted without due process based on a lowly analyst's "whim."
AimeeCNicholls: A British 16 year old female victim of the family courts speaks out. For my sister, Kitty Ahna Nicholls, age 7.