10 May 2013

Friday Humor: Overcompensating In China

Tyler Durden's picture China may or may not be building empty cities any more, but when it comes to the buildings it does, ahem, erect, it appears that the communist regime is either running out of ideas or is taking the symbolism of the skyscraper just a little too seriously. Behold the building that will house the new Beijing offices of the People's Daily, the official paper of the China Communist Party...
The mouthpiece for China's Communist Party was cocksure that the erection of a new headquarters would be warmly received — but they blew it!

Stephen Hawking Joins Academic Boycott Of Israel Apartheid Regime

George Galloway: British physicist Stephen Hawking has pulled out of a conference hosted by Israeli President Shimon Peres in protest at the regime's treatment of Palestinians.

OPVS DEBT: WB7 X art vs the NWO... We're loving it! +

Angelo: With it being so of the moment and reflective of yet another invasion and pillage of our tiny Cyprus, it took us a little longer than expected to frame and finally hang our "FIAT FORNICATIO" personally signed by Bill to my children and I. At once a beautiful work of art and I hope also a reminder, like the only time Dionysus or was that Jesus who whipped the money changers or was it Osiris? Perhaps it was all three and now there's WB7 and WD among many others. A lesson in the importance of knowledge of history/self?

100 of UK's richest people concealing billions in offshore tax havens

Rupert Neate and James Ball: More than 100 of Britain's richest people have been caught hiding billions of pounds in secretive offshore havens, sparking an unprecedented global tax evasion investigation.George Osborne, the chancellor, warned the alleged tax evaders, and a further 200 accountants and advisers accused of helping them cheat the taxman: "The message is simple: if you evade tax, we're coming after you."
HM Revenue & Customs warned those involved, who were named in offshore data first offered to the authorities by a whistleblower in 2009, that they will face "criminal prosecution or significant penalties" if they do not voluntarily disclose their tax irregularities, as the UK steps up its efforts to clamp down on avoidance ahead of the G8 summit in June.
The 400-gigabyte cache of data leaked to the authorities is understood to be the same information seen by the Guardian in its Offshore Secrets series in November 2012 and March this year. It reveals complicated financial structures using companies and trusts stretching from Singapore and the British Virgin Islands to the Cayman Islands and the Cook Islands.

"Alex" episode 2: The Lazy Greek

omikronproject: The world says Alex is lazy... but is he really?

About Omikron Project: We're a group of girls and guys trying to show the world the untold side of Greece's current crisis, and crush the negative stereotypes of our country.

Credit Shock Dead Ahead: China Money Formation Soars To 2-Year High As Delinquent Loans Surge By 29%

photoTyler Durden's picture A month ago we pointed out that even as the Chinese credit bubble - at a record 240% of GDP on a consolidated basis - is now clearly out of control, the far more disturbing aspect of China's credit-fueled economy is the ever declining boost to economic growth as a result of every incremental dollar created. Indeed, as the economic response to "credit shock" becomes lower and lower, even as the inflationary impact lingers, the PBOC is caught between a stagnating rock and an inflationary hard place. Nonetheless, there are few options and with the shark-like need to continue growing, or at least moving, in order to prevent collapse, China did precisely what we expected it to do: boost credit growth even more despite the obvious tapering economic impact of such money creation. Sure enough, overnight China reported that its M2 growth accelerated in April from 15.7% in March, to 16.1% on a Y/Y basis: the fastest pace of credit creation in two years. Yes, the PBOC may not be creating money, but the Chinese pseudo-sovereign commercial banks, sure are, and at a pace that puts the rest of the world to shame.

5 year old boy begging apartheid Israeli regime terrorists for mercy

Mariam45: This Palestinian boy is only 5 years old but he knows if israeli regime take his father away, then he will never see him again. His father was taken away for taking water from those illegal settlements. Basically taking water from his own land where Israel build these illegal settlements. This is what's happening in Palestine everyday. Israel took their land, took their freedom, took all the basic necessities and now they are not even allowed to have water??? Brutality at its finest.

Stand Your Ground: 12 Year Old Boy Puts Cop in His Place

AJ: A video that has gone viral since it appeared on Youtube features 12-year-old Jeremy Drew, a Las Vegas resident, calling out a self serving enormous US cop for parking on the sidewalk. The cop had lobbed his motorcycle onto the walkway while fetching a Thirst Eliminator-sized high fructose corn syrup drink to fill his belly.

Are We On The Verge Of Witnessing The Death Of The Paper Gold Scam?


Gold BarsMichael Snyder: The legal claims on physical gold far exceed the amount of physical gold that the banks actually have by a very, very wide margin.  And right now the bankers are scared out of their wits because their warehouses are being drained of physical gold at a frightening rate.  So what happens when their physical gold is gone but they still have lots and lots of people with legal claims to gold?  When that moment arrives, it will represent the end of the paper gold scam.  Many believe that the recent takedown of the price of paper gold was a desperate attempt by the bankers to put off that day of reckoning, but it appears to have greatly backfired on them.  Instead of cooling off demand for precious metals, it has unleashed a massive "gold rush" all over the globe.  Meanwhile, word has been spreading among wealthy families in both North America and Europe that they had better grab their physical gold out of the banks while they still can.