President, we're in the midst of an economic and increasingly humanitarian crisis and yet Commission president Barroso is not here. Indeed, Herman van Rompuy is not here either. Not that it relly matters, because they're not prepared to listen to any debate or any argument. They're intent on pursuing their political dream of a United States of Europe. They're prepared to commit economic suicide for an entire continent.
22 May 2012
Break Up The Euro And Restore Human Dignity - Nigel Farage
President, we're in the midst of an economic and increasingly humanitarian crisis and yet Commission president Barroso is not here. Indeed, Herman van Rompuy is not here either. Not that it relly matters, because they're not prepared to listen to any debate or any argument. They're intent on pursuing their political dream of a United States of Europe. They're prepared to commit economic suicide for an entire continent.
Pirate Bay Simplifies Circumvention of ISP Blockades
In their ongoing effort to circumvent the court mandated blockades in the UK, the Netherlands, Belgium and Italy, The Pirate Bay has added a new website. The site in question is operating from a new IP-address which makes it available directly to blocked subscribers. In addition, the new site is optimized to work with proxies in case the IP-address is blocked in the future.
Within a few days, five of the largest UK Internet providers will all have to censorThe Pirate Bay. Virgin and Orange have already implemented the block and the rest must follow before the end of May.
The music companies who asked for the blockade hope it will decrease piracy significantly, but it is doubtful whether this wish will come true.
Already we’ve seen a massive increase in traffic to proxy-websites from the UK, and this is only expected to increase during the coming days. In addition, The Pirate Bay team isn’t sitting still either. They’ve now rolled out a new site which circumvents the UK measures before they’ve even started.
COULD JPMORGUE LOSSES ALREADY PAST $31.5 BILLION ??
May 22, 2012
just finished a conversation with Turd Ferguson
he did the interview with me on May 11th where we broke open the story
that the JPM losses extended from huge Interest Rate Swap damage
I directly gave Rob Kirby attribution
the Wall Street Journal now quotes Dimon mentioning Delta-Hedge
and usage on the Interest Rate Swap complex (confirmation!!!)
well, Ferguson has come up with a simple deduction
the New York Fed as part of their shoddy Bank Stress Tests,
made a conclusion (directive) that JPM would have to suspend
their stock buyback and dividend payouts
IF THEIR DERIVATIVE LOSSES EXCEEDED $31.5 BILLION
JPMorgan just announced no more stock buybank or dividends
Scatological Finance - Max Keiser with Francine McKenna
Discussed, naked short selling by Goldman Sachs and piling on JP Morgan all while being hounded by a Fox News helicopter. In the second half of the show Max talks to Francine McKenna of reTheAuditors.com about Jamie Dimon, London whales and MF Global. Source
There Can Be Only One: China Sovereign Wealth Fund Says Renminbi Will Become Reserve Currency
First the CIC stirs havoc in Europe, saying it would rather invest in Africa than in Brussels finmin summit caterers, which at this stage in the business cycle are the most profitable corporation imaginable... and now this:
- CIC'S JIN SAYS RENMINBI WILL BECOME GLOBAL RESERVE CURRENCY
Naturally, to parahprase titles of cheesy 80s movies, there can be only one.
So what would happen to the current one? Maybe the same as what happened to all the prior global "reserve" currencies:
Warmongering UK deploys nuclear submarine to Malvinas amid heating tensions with Argentina
Syrian Girl: NATO Using Al-Qaeda to Destabilize Syria
Exposure to common agricultural fungicide shown to influence rat behavior for generations
By Madison Ruppert Editor of End the Lie:
A new study in the Proceedings of the National Academy of Sciences shows that pregnant rats exposed to the common agricultural fungicide vinclozolin pass on the damage to their descendents.
While the co-author stated that the purpose of the study was to investigate potential phenomena which are caused by exposure to the chemical, not to assess the risk humans face, as I pointed out in my recent article on a ground-breaking study on the effects on high-fructose corn syrup on rats’ brains, rats are regularly used as models.
Like bisphenol-A (which the Food and Drug Administration refuses to ban from food packaging despite indications that it is a similarly dangerous endocrine disruptor even at low doses), this chemical has been shown to interrupt the course of normal sexual development, among other dangers.
For those who are unfamiliar, vinclozolin – sold under brand names Ronilan, Curalan, Vorlan and Touche – is used to fight various diseases which target crops, such as molds, rots, blights and is even regularly used on gold courses.
The study, conducted by United States-based researchers, showed that descendents of pregnant rats exposed to the chemical showed more anxiety and stress a whopping three generations after the original rat was exposed.
These descendents showed higher levels of stress and anxiety than the spawn of non-exposed rats, and researchers suggest that this may be able to explain the rising numbers of diagnoses of anxiety disorders, autism and obesity among human beings in the recent past.
Warning: "The Bomber of Baghdad" Comeback kid Blair returns from the dead
By Richard Cottrell:
Just when you thought it was safe to take the short cut home through the churchyard after the midnight chimes, the news comes through that Tony Blair has risen from the ranks of the politically dead.
The Bomber of Baghdad announces that he is to make a re-entry into British earth space, like an astronaut coming home after eons touring the stars.
The consequences are, as of yet, unknown. We did not even know where he intends to land his spacecraft. Perhaps it will be on the lawns of one of his graceful mansions. Perhaps in Parliament Square, alongside the statue of another great British dictator, the puritan Oliver Cromwell.
Unless he plans to dispense with the services of Her Majesty Queen Elizabeth in her jubilee year, then there is no obvious throne offering sufficient grandeur and power within the British political system to twin with Blair’s gargantuan ego.
He is the black hole of the British public landscape, into which knowledge, judgment, information, sense of proportion, the simple ability to grasp facts, are swallowed wholesale, never to be seen again.
As prime minister he never learnt how to use a mobile phone – or a computer. He discovered the miracle of the text message just recently.
But he was certainly smart enough to market his grotesque political record for £250,000 after-dinner speeches.
War drums in the Eastern Mediterranean: Turkey and Israel eye the brink
By Richard Cottrell
The prospect of a hot war between Israel and Turkey has taken on serious proportions as news emerges that Israel is willing to station troops and civilians on the divided island of Cyprus, ostensibly to protect oil and gas drilling facilities.
Editor’s note: There have been previously flare-ups between Israel and Turkey over Israel being included in a NATO flotilla and the slaughter of activists on the Turkish humanitarian vessel Mavi Marmara as well as heated exchanges over the treatment of Palestinians in Gaza. These are just a handful of examples which should be taken into consideration when examining the relationship between Turkey and Israel.
Exploration of reserves in the Eastern Mediterranean are highly sensitive, given the northern sector of Cyprus is under Turkish supervision and control.
Turkey has been warning Greek Cypriots in the south that any attempt by them to monopolize drilling operations will be firmly resisted.
That’s war talk and everyone in the region and the extraction industry knows it.
U.S. lets China bypass Wall Street for Treasury orders
By Emily Flitter:
China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters.
The relationship means the People's Bank of China buys U.S. debt using a different method than any other central bank in the world.
The other central banks, including the Bank of Japan, which has a large appetite for Treasuries, place orders for U.S. debt with major Wall Street banks designated by the government as primary dealers. Those dealers then bid on their behalf at Treasury auctions.
China, which holds $1.17 trillion in U.S. Treasuries, still buys some Treasuries through primary dealers, but since June 2011, that route hasn't been necessary.
The documents viewed by Reuters show the U.S. Treasury Department has given the People's Bank of China a direct computer link to its auction system, which the Chinese first used to buy two-year notes in late June 2011.
Greyerz - Customer Shocked “Allocated” Gold Not in Swiss Bank
Today Egon von Greyerz told King World News that a client went to move a significant amount of “allocated” gold from a Swiss bank, but the bank shocked the customer because they did not have the gold. Egon von Greyerz is founder and managing partner at Matterhorn Asset Management out of Switzerland. Von Greyerz also said, “the risk of having gold in the banking system is major.” But first, here is what Greyerz had to say about the bank runs in Europe: “This is just amazing, Eric, you couldn’t write a better story than this. We have bank runs in Greece and Spain, and now a French bank, one of the biggest mortgage banks, is also having problems. Ireland, they thought they were all right, but they need more money.”