The Slog:We’re back in that strange nether world of the Unnamed Arrests of the
Ancient, and the Outing of the Dead Paedophiles. Papers obtained by
Exaro show just how vigorously Cyril Smith (dec) defended himself
against charges of paedophilia. And Baroness Thatcher (dec) tried
umpteen times to get Jimmy Savile (dec) a knighthood, herself having a
personal adviser Peter Middleton (dec) who was a raging child-shagger.
Today, Police investigating historical abuse
of children at care homes across north Wales have arrested a 72-year-old
man in Wrexham.
Plod said the individual was arrested on suspicion of eight physical
assaults alleged to have taken place between 1974 and 1986, involving
five boys and three girls. The unnamed arrested man has been taken to an
un-named police station in north Wales, the town of which has also
asked to remain anonymous.
liarpoliticians:Labour's Harriet Harman is upset there are still men-only membership
clubs in the UK... her cancer of political correctness wants to eradicate them - but no comment on women only clubs. Hypocrite.
By Wolf Richter:CEOs have, in these crazy days of ours, one primary job, it seems:
manipulating up the stock of their company. Few master this delicate art
like Tesla Motors CEO Elon Musk, who has been able to take his
highflyer into the stratosphere on a wing and a prayer, or in dollar
terms, from $25 to $133 a share in less than a year. But behind the
scenes, these CEOs and others perched at the top are wallowing in gloom
about the economy’s future. They're the most negative since October 2009, the days of the Great Recession, according to Markit’s semiannual Global Business Outlook Survey
that covered 11,000 companies in 17 countries. The culprits with the
sharpest declines in confidence: executives in the US and China. There were some exceptions: confidence improved in the UK and Brazil.
Indian executives, rather the sinking deeper into their confidence
morass, were able to hang on to their three-and-a-half year low. But in
the US, optimism about future activity levels, revenues, inflows of new
business, and profits, both in manufacturing and services, all fell to
post-Financial Crisis lows.
By John Galt:There is this persistent myth permeated by the main lame-stream media,
politicians, financial cable television, and worst of all the banking
community that the current levels of “Quantitative Easing” (QE)
initiated by the Federal Reserve Bank of the United States is only $85
billion per month. That would be amusing if it were true. The United
States surrendered control of the printing presses in 1913 and after a
97% depreciation of the currency, this final Ponzi scheme initiated to
protect the economic system that the central bank designed for their profit and pilfering continues as America slumbers through sub par economic expansion if not outright real contraction. Before I take a moment to explain how the purported QE is far in
excess of what the propaganda promotes, I shall provide some logical
background using history and the Fed’s own charts to illustrate the
folly the Fed is engaged in. Interestingly enough, after eradicating the
tracking of M3 to measure the expansion of the monetary stock, more
charts were recently discontinued which helped to provide a picture of
just what was happening with the explosion of the monetary base and
where the Fed’s institutions were keeping their “cash” deposits and
The Slog: The chart (for which I’m indebted to Irish Slogger Christo)
the list of countries in
trouble at the moment is very long indeed. The ones below the arrow at
7.5% unemployment (roughly the alleged US rate) marked with a red dot
are those which have been following austerity policies recently, and/or
work to a heavily Globalist Friedmanite economic model. The ones marked
with a green dot I have set to one side, as I would say they have
socio-economic and political problems that are not really part of the
‘mainstream’ crisis of neoliberal capitalism: Egypt, South Africa,
Argentina and so forth.
As you can see, those economies heading south are somewhat replete
with red dots. The entire collection of peripheral, central and southern
States within the eurozone are represented: and the more ‘help’ they’re
being given by Brussels-am-Berlin, the higher their employment rate is.
Only sixteen countries on the planet in 2013 have below 5%
employment. Only one is in the EU. None of them are pursuing either
austerity or Friedmanite neoliberal economic policies. I venture to offer the opinion that what we have here is a failing
model, and an urgent need for new ideas about how to stop a quickening
spiral down the plughole.
parliament on Wednesday is considering yet more public sector cuts. But
even that might not be enough, according to a German newspaper report.
With German elections pending, though, any immediate additional relief
The Greek recovery may be facing yet another hurdle. According to a report by German daily Süddeutsche Zeitung,
the beleaguered country needs another massive influx of money if it is
to avoid insolvency. The paper cites an unnamed official at the European
Commission as saying that the "financial gap" could be as large as €10
billion. The news comes at a difficult time for Greece and its relations with
Germany. German Finance Minister Wolfgang Schäuble is set to visit
Athens this Thursday for consultations with his Greek counterpart Yannis
Stournaras and with Prime Minister Antonis Samaras. Schäuble is highly
unpopular in Greece for his consistent insistence on austerity. And with
German elections looming in September, it seems unlikely that
additional aid money for Athens will be forthcoming anytime soon.
Submitted by Tyler Durden:While anti-depressant use is surging in Sweden
(up 1000% since 1980), bursting in Britain (up 495% since 1991), and up
an astounding 400% since 1994 in the USA (with 1 in 10 on some kind of
'prozac'), it is the poor-old Nigerians that should really be
complaining. Based on seven variables, Bloomberg has scored 74 nations around the world for their "stressed-out" factor and finds the USA to be 54th (so stop whining and suck it up), Norway the least stressed-out of all and El Salvador and South Africa at the top with Nigeria (with the roiling Egyptians ranking 15th).
ByMegan Stiles: SPRINGFIELD, Virginia – Ron Paul, Campaign for Liberty
Chairman, and former Chairman of the House Financial Services
Subcommittee on Monetary Policy, issued the following statement today
regarding Federal Reserve Chairman Ben Bernanke’s testimony before the
House Committee on Financial Services:
“Chairman Bernanke’s statement today before Congress and the American
people that he hopes to devalue our currency at a rate of 2 percent a
year is an insult to the millions of Americans who are struggling to pay
higher prices each and every day. Though the debasement is already much
greater than 2 percent, 2 percent inflation is still immoral theft and
is economically foolhardy. “Despite what Chairman Bernanke said today, central economic planning
with currency inflation and interest rate manipulation does not help
the poor and middle class; it merely enriches Wall Street and the
politically connected. It hurts those who dare save their money to plan
for their own retirement or pay for their children’s education.
Inflating the money supply in secret to serve special interests and
feed the government’s overspending must end if we ever expect to get a
handle on the serious problems facing our nation.
By Madison Ruppert:The US Central Intelligence Agency (CIA) is participating in
funding a $630,000 study on geoengineering for reasons which are not
entirely clear as of yet.
Geoengineering is the practice of using highly experimental
techniques to modify the climate of the Earth in various ways, something
which researchers like Dane Wiggington contend is highly dangerous.
This particular 21-month-long study has a final report due in the fall of 2014 and was commissioned in concert with the National Academy of Sciences (NAS).
The costs will be split between the NAS, CIA, the National Oceanic and Atmospheric Administration, and NASA, according to Mother Jones.
The NAS website for the project specifically states that it “has support from the National Academy of Sciences and the U.S. Intelligence Community.”
William Kearney, a spokesman for the NAS, told Mother Jones that the above phrase refers to the CIA.
However, Edward Price, a CIA spokesman, would not confirm the notoriously secretive agency’s role in the project.
By Dan Rubock: One of the most popular questions we receive at our website goes
something like this: 'Hey I watched your videos and I get most of it -
but if we are printing so much currency why aren't prices rising
rapidly?'. It's a great question that we've covered many times before -
but it's time for another refresher.Anyone who has watched the first episode of Hidden Secrets Of Money
will be familiar with Michael Maloney's hockey stick charts of global
currency creation. For those who haven't seen the video, the charts
depict the epic levels of lunacy that governments around the world have
resorted to in an effort to keep relative currency values in check.