The Future of Your Freedom

The map of a world without violence, and the path to get there. Stefan Molyneux, host of Freedomain Radio, interviewed by James Corbett of The Corbett Report - http://www.corbettreport.com Freedomain Radio is the largest and most popular philosophy show on the web -http://www.freedomainradio.com

Papademos Speaks - Point And Counterpoint

Submitted by Tyler Durden: The fearless ECB-plant leading the Greek people on an unelected basis has spoken. Here are the key points and counterpoints:

1. PAPADEMOS SAYS DEPOSITS NOW CAN RETURN TO GREECE

-> They can... but they won't because as the Greek gold is confiscated, so will the Greek private deposits. In the meantime:

2. PAPADEMOS SAYS UP TO GREEKS TO DETERMINE THE COURSE OF COUNTRY

-> Yes indeed.

Greeks in Despair: Suicide rate record high

Athens has clinched a critical bond-swap deal with private creditors allowing Greece to narrowly escape default, opening the door for a bailout injection. Eurozone members were quick to rejoice what they called a major step to rescuing the debt-ridden country. But the parachute provides little optimism for the Greeks whose financial woes continue to snowball Source

Oil "Freedom" & Monetary Control - Adding to The Current Portfolio of War

Well known to anyone watching, current affairs have not been of peace, as promised, but rather have embodied the same perpetual warfare that has defined America and Americans internationally. The explosion of fiat currency is nearly always accompanied by the onset of war—and the U.S. dollar standard is and will be no different. 

In Obamas defense comes an unlikely voice, Jeffrey Tucker, editor and publisher of Laissez-Faire Books:

"Nor is it the case that any of the elected officials have the power to do serious damage to this system. This goes for the president, too. They can often influence the way the state grows, but they can’t actually fundamentally threaten the apparatus itself. The longer they are in office, the less personal power they realize that they have. The reason is simple. The system is not structured to permit them to dismantle it, even if they wanted to. They are temporary managers of a ruling class, and the members of this class mostly scoff at these people, treating them like actors on a stage that the class itself owns."

Our old Libyan friend, Muammar Gaddafi was killed and the country, bombed, just as they did in Iraq to their old friend, immediately installing central banks and finding success in liberating the oil.

Britons fund own Orwellian future!

The British government is pushing through an anti-terror law that will enable it to monitor all private electronic communication, including social media. Ironically, people to be watched are set to pay for the privilege. Britain is already one of the most-watched societies in the world. With an estimated 2 million surveillance cameras, it has more CCTV per person than almost any other nation on Earth. Being in the UK means being watched non-stop.

Greece Issues Statement On PSI, Says €172 Billion Of Bonds Tendered In Swap, Will Enact CACs, ISDA To Meet At 1pm To Find If CDS Trigger

Submitted by Tyler Durden: The biggest sovereign debt restructuring in history is now, well, history. The headlines are finally come in:

• GREECE ISSUES STATEMENT ON DEBT SWAP
• GREECE COMPLETES DEBT SWAP
• GREECE SAYS EU172 BLN OF BONDS TENDERED IN SWAP
• GREECE GETS TENDERS, CONSENTS FROM HOLDERS OF 85.8%
• GREECE SAYS 69% OF NON-GREEK LAW BONDHOLDERS PARTICIPATED

We learn that €152 of the €177 billion in Greek law bonds have tendered, which is 85.8%. This means that €25 billion in Greek law bonds have not - these are the hedge funds that could not be Steven Rattnered into participating, and will now sue Greece for par recoveries.This is also the number that ISDA will look at today to determine if, in conjunction with the CAC, means a credit event has occurred.

And yes, the CACs are coming, as is the Credit Event finding:

• GREECE SAYS WILL AMEND TERMS OF GREEK LAW BONDS FOR ALL HOLDERS

Super Mario Draghi says "ball is now in the banks' court," as he prints over 1 Trillion Euros

It's another "D-Day" for Greece. Seriously? How can you have so many d-day's when you've supposedly already won the war like 2 years ago? Meanwhile, the president of the ECB "Super" Mario Draghi is defending the ECB's trash to cash program today, otherwise known as 3-year LTRO. Really Draghi?

Congress considers repeal of indefinite detention and torture

Barely two months after President Obama authorized the indefinite detention of Americas, two members of US Congress are asking fellow lawmakers to approve a bill that will repeal a controversial provision of the NDAA.

US President Barack Obama inked the National Defense Authorization Act on New Year’s Eve, essentially allowing the American Armed Forces to indefinitely detain any suspected terrorist, including Americans, without ever bringing them to trial. Though President Obama has spoken out against the act — the very same one he signed — the legislation is currently in effect and allows the US government to grossly strip away rights otherwise guaranteed by the country’s Constitution.

The federal government has already gone to the NDAA to support the continued detention of alleged foreign terrorists, but two members of Congress, Rep. Adam Smith of Washington and Sen. Mark Udall of Colorado, are asking other lawmakers in the House and Senate to sign their name on a bill that will make sure anyone — American or not — will be given a fair trial.

"The goal here is to have clarity, first of all, on how these people are handled in the US, and second of all, to reassert the primacy and the importance of our civil justice system," Smith says of the proposed bill. "It is our contention that our civil justice system absolutely protects us from the threat in this case."

FREE SPEECH - FKN Newz

Banker left Speechless by Irish Journalist

This was the question put to the ECB’s Klaus Masuch by one persistent Irish journalist. The answer from Masuch was a complete dodge, a non-answer, because everyone knows that the Irish government has heaped what rightfully should be bondholder burdens onto the Irish taxpayer. The video below is wonderful in getting at the heart of everyone’s problems with the bailouts in Ireland and elsewhere in Europe and the U.S. Take a look below, but let me say a few words first because my thinking here is a bit more complex than "bailouts are bad, default is good".

Here’s what I am hearing: The answer from officialdom is that the (Irish) banking system was on the verge of collapse and so these debtholders, European banks, had to be bailed out. This is the same answer that Tim Geithner gives in the U.S. as I recounted last March. Geithner calls this "deeply unpopular, deeply hard to understand". And I think he’s right. These measures ARE deeply unpopular, deeply hard to understand. I don’t support the bailouts of bankrupt institutions and neither do most taxpayers in any of these countries.

A DOLLAR MUTINY HAS BROKEN OUT IN THE GLOBAL CURRENCY WARS

by SIMON BLACK 

I’ve been having breakfast at Cafe Manolo’s ever since I started coming to Panama, going on ten years now. They make the best ‘batido’ ever… it’s sort of like a milk shake crossed with a fruit smoothie. And it used to be ridiculously cheap. Not anymore.

Economists use a term ‘menu costs’ to explain why retail prices are ‘sticky’ and resistant to change. The analogy is that, even in the face of rising input costs, a restaurant owner will resist raising his prices because it costs a lot of money to print new menus.

Apparently someone forgot to explain this concept to Mr. Manolo. Rather than printing new menus, the staff at this once cheap establishment simply scratches out the old prices and scrawls in the new prices.

Occupy Food, Don't Suppress the OWS, Occupy Cooperations, Occupy AIPAC - OWS Week

7 days of the protest movement's happenings as viewed from American protesters' eyes. The program also examines the wide range of social issues addressed by the 'occupy' movement in the US. This episode of the show gets a perspective on Occupy Our Food Supply actions of beautification and vegetable gardening and addresses the Shut Down the Corporations and Occupy AIPAC mass protests. Source