Banksters Plan Use of Bail-Ins to Fund Their Own Bonus Payouts!

The Doc: When the 2nd instance of bail-in language being implemented was discovered in New Zealand, we correctly stated that a major policy shift had been undertaken by the Western world’s central banksters, and that the use of depositor funds to cover future bank losses and failures would occur throughout the rest of the Eurozone and likely the US. 
Even we never suspected however that Western Central banksters would be brazen enough to attempt to literally confiscate depositor funds in order to ensure their own salaries and bonuses.  
If last week’s speech (& subsequently published by the BIS) given by the Governor of the Bank of Finland and Chairman of the High-level Expert Group on the structure of the EU banking sector is any indication, using depositor funds to guarantee their own salaries is exactly what Western banksters have in mind…

Excerpt from the BIS paper:

Bail-in lies at the core of tackling the “too-big-to-fail” problem as it improves the loss absorbency of banks, ensures that investors rather than taxpayers take on the responsibility for losses in the face of resolution, and further enhances creditors’ incentives to monitor banks. In the High-level Expert Group we foresaw a two tier system for the bailing in of investors in bank debt.

Don't Let Patent Nazis Kill 3D Printing +

from the it's-already-delayed-it-long-enough dept

By Mike Masnick: One of the reasons why 3D printing is suddenly on the cusp of going mainstream is the expiration of some key patents that have held the technology back for decades. And yet, of course, with any area of the market that is getting hot, there is suddenly a rush to get more patents. In fact, we've already seen a few patent fights begin concerning the new generation of 3D printing companies. Recently, the EFF has decided to try to put a stop to a series of patent applications that, if granted, would have the potential to again hold back the 3D printing market even further.

As of today, we've now challenged six pending patent applications that you helped us identify as applications that, if granted, would particularly threaten the growing field of 3D printing technology. Harvard's Cyberlaw Clinic hand delivered the first two submissions to the Patent Office earlier this year, and we've since sent in four more.

UK's Afghanistan conundrum

George Galloway MP: British Prime Minister David Cameron has admitted that Britain has "paid a very high price" in Afghanistan after the Ministry of Defense (MoD) confirmed new casualties in the Asian country.

The Camera is Mightier Than The Sword

AJ: Luke Rudkowski breaks down this is never before seen footage from a protest that took place on May 1st 2009 with Host Darrin McBreen. In this video the NYPD approach the activists and the situation escalated from there. Police approached Luke Rudkowski and demanded he stopped filming, which started a confrontation between the two. Source
http://wearechange.org/

Russia Supplies Syria - Danni Makki And Syrian Girl

Morris: Syrian Girl visited London and with Danni Makki of Syrian Youths they answered questions about the region.

Will JPMorgan's "Enron" Be The End Of Blythe Masters? + Feds Investigating Blythe Masters Over Energy Market Manipulation, Obstruction of Justice, Perjury

Submitted by Tyler Durden: One year after the infamous Jamie Dimon "tempest in a teapot" fiasco, which promptly turned out to be the biggest TBTF prop-trading desk debacle in history, things were going well for JPMorgan.

On one hand, the chairman of the TBAC (and thus US Treasury advisor and policy administrator), and former LTCM trader, Matt Zames, was just recently promoted to the sole second in command post at the biggest US bank (and 2nd biggest in the world) by assets, and first in line to take over from Jamie Dimon. On the other hand, one of Mary Jo White's former co-workers, and a JPM defense attorney from Debevoise just became head of the SEC's enforcement division, in theory guaranteeing that the US government would never do more than slap the wrist of JPM in perpetuity.

UKIP the Agenda of Hate or Self Governance? + "Lord say you love Satan special" BBC Sucks O Cocks News

The artist taxi driver

"You've Reached Your Slice Limit Mayor Bloomberg" - The Food Police Meets The Pizza Nazi

Submitted by Tyler Durden: After months of legislating soda sizes and steak rarenesses it seems the food police have finally met their match. As The Daily Currant "reports", in protest over the proposed soda ban in NY, the owners of Collegno's Pizzeria in Brooklyn refused to serve Mayor Michael Bloomberg a second slice of pizza during an informal lunch meeting. Ripped from the scripts of Seinfeld, or Pulp Fiction, or, appropriately enough, The Onion, when Bloomberg requested the second slice, the owner retorted, "I'm sorry sir, we can't do that. You've reached your personal slice limit." The exchange quickly escalated with the Mayor dropping f-bombs and the restaurant's owner climaxing with, "there's nothing I can do; maybe you could go to several restaurants and get one slice at each. At least that way you're walking. You know, burning calories." A fuming Bloomberg left the pizzeria and finished his meeting (and more pizza) at a rival restaurant. Via The Daily Currant:

"Hey, could I get another pepperoni over here?" Bloomberg asked owner Antonio Benito.

Crooked UK HMRC did secret tax deal with Goldman Sachs

liarpoliticians: The crooked HMRC / taxman did a deal to let off £10m's in taxes that Goldman Sachs owed the UK government, so instead, YOU are paying more taxes to cover what the bankers refused to pay. Source

Nicholas Taleb vs Establishment Economists - Throwing Down the Gauntlet

Author Pater Tenebrarum: Nicholas Taleb is making waves again – and in a good way, as we will explain below. It began with an altercation between him and a few mainstream economists on Twitter (what is apparently called a 'Twitter brawl'). Here is an post from Taleb's Facebook page that he put up in the wake of said brawl – Taleb announced that he will go with a fine comb through the papers of one Karl Whelan, one of the countless 'monetary economists' who are writing papers for the Fed and are thereby providing justifications for its meddling with the markets. Here is his post:

“We Can Start Exposing Economists:

I just finished a very rough draft of *Fat Tails & (Anti)Fragility* (~100 pages).

PART I provides a mathematical toolkit to detect anything that is bullshit in economic modeling (particularly macroeconomics), figure out which papers are flawed from a scientific standpoint, etc. When I mean flawed, it is on the basis that the math used impresses nonmathematicians but does not support the stated policy conclusions.
So I start by putting one Karl Whelan "scientific" work under severe mathematical scrutiny.

World Bank Whistle-blower. Confidence in the Dollar as an International Currency Is Waning. The End of Bretton Woods?

Karen Hudes is an attorney and economist who served 20 years in the World Bank’s legal department. The World Bank refused to provide the report of the Executive Search Firm to U.S. Congress following Hudes’ disclosure of internal control lapses during her interview for General Counsel of the World Bank. Karen Hudes describes the corruption in the international financial system and threat to democracy in the U.S. as follows:

Karen Hudes (nsnbc):  The failure of the press to report accounting scandals at the World Bank involving the U.S. Treasury Department, the Federal reserve, U.S. Congress, and the federal courts is eroding confidence in the dollar as international currency.

Legislation in U.S. states to recognize gold and silver bullion coins as legal tender and requests by countries to repatriate their gold held by the Federal Reserve are exposing financial institutions who control the media and the Federal Reserve.

Fake Silver Flooding Market - Mike Maloney & James Anderson + ...On Bitcoin & Future Of Monetary System

Mike Maloney: If you have followed gold and silver market news over the past few years, it is likely you have seen various reports on fake gold and silver products. In March 2012, a 1 kilo tungsten gold bar turned up in the United Kingdom. Then in September 2012 there were reports on a slew of 10 oz tungsten gold bars bought and sold in New York's jewelry district. The big problem with these news reports is that they have given little to no solution on how the public at large can avoid fake bullion products.