25 Jul 2013

Former SEC attorney: government claims it will protect your data but ‘it cannot honor that promise’

By Madison Ruppert: According to a former attorney for the Securities and Exchange Commission (SEC), despite the government’s claims that it will protect your private data, it simply “cannot honor that promise.”
This is especially troubling given the growing presence of centralized systems in which massive amounts of private information is held, such as the Federal Services Data Hub authorized by the Affordable Care Act, better known as Obamacare..
The statement was made by Hester Peirce, who currently serves as a senior research fellow at the Mercatus Center at George Mason University, and previously served as senior counsel to Senator Richard Shelby’s staff on the Senate Committee on Banking, Housing, and Urban Affairs.
The government can earnestly promise that it will protect your data, but—staffed as it is with humans, some of whom are diligent but careless and others of whom are ill-intentioned—it cannot honor that promise,” Peirce wrote for The Hill.
She made her remarks in response to the latest instance of a government agency mishandling private information, in this case it was SEC employee data leaked by a former SEC worker.
In her article, Peirce raises concerns about the Consumer Financial Protection Bureau’s data collection practices.

Royal Goldman Household - Max Keiser with Mitch Feierstein

Max Keiser and Stacy Herbert discuss vertically integrated trusts in the commodity markets which need to be busted up ala Teddy Roosevelt. They also examine Goldman Sachs' low frequency trading in Detroit and the 'market making' excuse for the aluminum scandal. In the second half, Max talks to Mitch Feierstein of PlanetPonzi.com about the debt fuelled faux recovery, discount rate desperation, Jon Corzine rolling off the page with $1.6 billion in customer funds and the Brezhnev of Wall Street.

Cyprus Deposits Plunge At Fastest Rate In History

Tyler Durden's picture With capital controls like these who needs bank runs.
Perhaps the most underreported news to come out of Europe this morning had nothing to do with PMI or employment or credit creation in the Eurozone. It had to do with Cyprus - the insolvent island that everyone forgot - and which since its March bail in has been left for a state of Schrodingerian suspended animation, where it is either alive or dead depending on what propaganda wave function it had to satisfy.
Recall that many, most certainly us, said that the imposed capital controls would have no impact in stemming the massive outflow of what money is left with the insolvent banking system, and very soon the entire banking system would remain deposit, and thus funding, free requiring more and bigger bailouts. Sure enough, this was just confirmed when the Central Bank of Cyprus reported that not only did local deposits drop to a level not seen since 2007, plunging by the second fastest absolute amount in history, but declined at the fastest rate ever!
And if the current outflow is not stemmed, there won't be a single Euro (Cypriot Euro, not European Euro) in deposits left in under one year.

Boris Johnson standing under a giant blue cock laughing + ask not what is the Govt doing for me but - BBC Sucks O Cocks News

The artist taxi driver

THE PAEDOFILE: Why our leaders are offside on the paedophile issue….

…and there are two sides to the Jimmy Savile saga
The Slog: That Jimmy Savile was very odd indeed is hard to question. But as regular Sloggers know, I have increasingly come to the view over time that (a) he has become a magnet for those who seek publicity and money; and (b) he has been used as a weapon of mass distraction by others with various agendas. As time has gone on, this obfuscation has been complicated further by the unerring instincts of the MSM for exaggeration, invention, and anything else that might sell newspapers.

Chinese officials caught drinking human breast milk

alg-adult-breastfeeding-jpg : China’s new regime has cracked down hard on government officials over-spending. Ask anyone in the luxury goods segment or high-end restaurants and they will tell you their business has been suffering all year. I guess these breast-milk drinking morons didn’t get the memo.
Want China Times
A reporter working for China’s official Xinhua news agency has blown
the whistle on sex parties held by wealthy businessmen to bribe high-
ranking government officials, revealing details of activities such
as drinking human breast milk. Zhou Fang posted an article on his
microblog on July 17 claiming knowledge of parties where officials
would pay a 5,000 yuan (US$815) admission fee to engage in sex acts
with young women and drink breast milk from young nursing mothers.

The parties were restricted to officials of a certain rank or above
and have been going on in Beijing for years,

Tampon Earrings Parody + How to Avoid Rape + Women Are Actually Paid More Than Men Because of Discrimination

Julie Borowski: Melissa Harris Perry of MSNBC wore tampon earrings during her program to protest Texas abortion bill. Kind of a bit ridiculous especially since she left out of the context.

The Banana Standard : What Canadian commodities tell us about GOLD!

Contango Down: Precious metals supposedly are too precious to be priced according to worthless fiat currencies, so we must understand their price according to other hard assets in order to truly understand their value. After all, price means nothing...value means everything!

The Jews Who Rule America

Creationist Comic - Hot Giant Chest Hair

logicked: This book is really just weird.
It's "A Creationist's View of Dinosaurs and the Theory of Evolution" by Jim Pinkoski. Do yourself a favour and if someone gives you a copy, just eat it or something.

Banksters Own the World

By Chris Martenson: In every era, there are certain people and institutions that are held in the highest public regard as they embody the prevailing values of society. Not that long ago, Albert Einstein was a major public figure and was widely revered. Can you name a scientist that commands a similar presence today?
Today, some of the most celebrated individuals and institutions are ensconced within the financial industry; in banks, hedge funds, and private equity firms. Which is odd because none of these firms or individuals actually make anything, which society might point to as additive to our living standards. Instead, these financial magicians harvest value from the rest of society that has to work hard to produce real things of real value.
While the work they do is quite sophisticated and takes a lot of skill, very few of these firms direct capital to new efforts, new products, and new innovations. Instead they either trade in the secondary markets for equities, bonds, derivatives, and the like, which perform the 'service' of moving paper from one location to another while generating 'profits.' Or, in the case of banks, they create money out of thin air and lend it out at interest of course.