Daily Archives: January 11, 2013

Navajo – 2013: In The Clearing – 11 January 2013

100th-monkeyHoly tamale… who made it through 2012 unscathed? Although we surfed the alignment without an extraterrestrial intervention or a worldwide cataclysmic earth event or a monetary breakdown or an extinction level event, we probably didn’t make it through without an extreme shake-up of our material structures, primary relationships and/or initiatory shamanic ego death. The fallout of our emotional debris still needs a bit of clean-up but for the most part lightworkers, we are in the clearing. Continue reading

Mooji – You Are The Root – 11 January 2013

Uploaded on 22 February 2010 by Moojiji

Visionkeeper – New Ways To Live Your Life – 11 January 2013

artistic-art-color-brain-favim-com-541394(picture by http://www.favim.com)

We are now living in a new world and a new era so we might as well begin living our lives in new ways as well.  We are not the same people we once were, so let us not stay stuck in how we used to live! How many people really take time to stop and think about how they are living their lives? The majority just robotically maneuver their way through life. We give such thought to how we look, how other people view us, yet we don’t even think about how we are living our lives and are we doing the best we can be doing. We live on auto pilot where there is no need to give thought to how we are going through life, we just push the button and go until we push it again at night to stop. No thoughts about what we are doing. This way of living needs to end and we need to become more actively involved in our lives again. Continue reading

John Ward – Brussels Scandal : How Corrupt Sprouts Are Killing Children On A Weekly Basis – The Astonishing Tale Of Infant Liver Disease, A Drug That Could Save Sufferers, And A Crooked EC Department – 11 January 2013

dalliDisgraced EC commissioner John Dalli: surreal murderer of innocent kids

Children suffering from a rare liver disease are unable to benefit from a life-saving treatment because the European Commission on Health in Brussels has rejected a product’s marketing authorisation for the last five years. Orphacol – a medicine for treating youngsters born with otherwise fatal genetic disorders – has been denied European Union-wide approval for inexplicable reasons. But the presence of pharmco bribery in the case is becoming increasingly obvious. Continue reading

Tom Lescher – Weekly Astrological Forecast For January 10th – 11 January 2013

Uploaded on 10 January 2013 by tomlescher As the Sun sets over the mountain, closing another day, I feel my heart mourning, the loss of it’s embrace,
But before long, the Moon sings her song, And distant stars take It’s place. Happy New Moon in Capricorn today! Time to get out there and get the job done. May also be a week of saying goodbye to something/someone close and dealing with those feelings that go along with that. The trick will be to remember that the universe hates a void and empty space is soon filled. May yours be filled with joy and gratitude…. aloha

Ron Van Dyke – Love Is Embracing Whatever Your Fear – 11 January 2013

Uploaded on 11 January 2013 by paradoxman316 Look, we have all been brainwashed, deceived and led like sheep to the slaughter. Oh yes, admit it. You’ve played victim just as I have. Like it nor not, that’s the nature of the matrix. And the doctrine of the Matrix would have us believe that if we feel fear in the face of the cruelty and injustice rampant in our world, we will continue to create the same things again. Love or fear, we are told. Choose one. So, many choose denial, which is simply fear masquerading as love. I see it another way. I choose to embrace what I fear, as discomforting as that is, and move into it with all the courage and conviction I can muster. I honestly think that is what Love would do, if it were in my shoes…and it is in my shoes. I am love. So are you. [Bruce Lipton/Rob Williams video: http://youtu.be/nU_0BwbNsH4]

Alan Watts – The Real You – 11 January 2013

realyousilhouette“When you’re ready to wake up, you’re going to wake up, and if you’re not ready you’re going to stay pretending that you’re just a ‘poor little me.’ And since you’re all here and engaged in this sort of inquiry and listening to this sort of lecture, I assume you’re all in the process of waking up. Or else you’re teasing yourselves with some kind of flirtation with waking up which you’re not serious about. But I assume that maybe you are not serious, but sincere – that you are ready to wake up. Continue reading

Mish/ Mike Shedlock – Silly Worry Of The Day : US Will Default; Politics Of The Debate – 13 January 2013

mish-image-15%(Lucas : Do think of the action you could take with all Americans and bring the system to at least listen to you in charge : The People.  Get all an extension on your payments for the april 2013 deadline for IRS payment of your income taxes.  If all of you did that it would be a huge statement and it will have effect.)

Of all the over-dramatized nonexistent threats, the silly worry of the day is the US is at risk of default if Congress does not raise the debt ceiling.

Earlier today, I saw a couple of articles outlining how and why a US default could happen. Well, it won’t, and there is no need for all the surrounding drama either.

Ending the Debate Drama

The best rebuttal to the default idea comes from Bloomberg columnist Caroline Baum in her article Obama’s Default Drama Is No Way to Run a Country.

The United States of America isn’t going to default on its debt, even if Congress doesn’t increase the statutory borrowing authority in the next couple of months. Everyone in Washington knows, or should know, this. Any assertions to the contrary are tantamount to playing politics with the debt ceiling.

A shutdown is certainly possible. A debt default? Not gonna happen.

Why? Because the income taxes withheld from most of our paychecks each month exceed the interest the Treasury owes on its debt outstanding. In November, for example, the Treasury’s interest expense totaled $25 billion. That compares with tax receipts of $161.7 billion. The ratio of receipts to interest expense varies from month to month, but what comes in more than covers what goes out in debt service.

Without an increase in the $16.394 trillion debt limit, the federal government can’t pay all of its bills: It borrows 40 cents of every dollar it spends. Still, “debt service would come first,” said Lou Crandall, chief economist at Wrightson Icap LLC in Jersey City, New Jersey.Politics of the Debate

The idea of a default should end right there, but it won’t. Here is a likely seven-point scenario.

  1. Obama will chastise Congress with talk of financial Armageddon if Congress does not raise the debt ceiling.
  2. Congress will pretend to hold the president hostage
  3. The secretary of the Treasury will get into the act with its own version of the default debate
  4. Perhaps a few payments on non-critical budget items will be temporarily skipped
  5. Wall Street will feign panic
  6. Constituents will pressure Congress to approve a new debt ceiling
  7. Congress will raise the ceiling with another useless warning about next time

What’s Wrong With the Debt Ceiling?

Yesterday Baum wrote Only Thing Wrong With the Debt Ceiling Is the Lag.
Lots of people want to get rid of the debt ceiling, the federal government’s statutory borrowing limit. When one considers that it enables the Treasury to borrow money Congress has already spent, it seems like a silly relic. Even worse, the vote to increase the debt limit has become a political football, with each party using it as an opportunity to extract concessions from the other. No wonder some folks say it’s time for it to go.

Not so fast. The problem with the debt ceiling isn’t the concept: the president and 535 members of Congress need a symbol to remind them just how much they spend each and every day. Rather, the problem is the lag relative to decisions on spending.

Then I thought of my friend Bob Laurent, economist extraordinaire, who died in 2005. Bob spent most of his career at the Chicago Fed. When the Fed was having trouble hitting its money supply targets in 1979, Bob came up with a simple solution (it was considered controversial at the time). Instead of the existing system of lagged reserve accounting — banks’ required reserves were determined by the level of deposits two weeks earlier — Bob proposed a lead, or “reverse lag,” method wherein the Fed would set the level of required reserves today and the banks would have to adjust deposits accordingly.

Therein lies the answer to the debt-ceiling dilemma: adopt Bob’s lead, or “reverse lag,” system. For those who say they want to cut spending, here’s their chance. Right now, the sky’s the limit. Congress needs to set the borrowing limit first and work within those confines. At minimum it will separate the real, limited-government advocates from the false prophets.

No platinum coins needed, no test of the president’s powers under the 14th Amendment. Just reverse the lag. Bob thought of that a long time ago.Not Quite

The problem with the reverse lag theory is the deficit is a function of two items: revenue and spending. Even if Congress gets a grip on spending (rather doubtful to say the least) revenues are all but guaranteed to fall short of CBO expectations.

Deficits will be above expectations and the debt ceiling will need to rise as a result.

More Coin Silliness

Yesterday someone emailed me proposing to use the platinum coin as a trust fund for Medicare. Good grief.

That proposal is exactly the kind of blatant free-lunch stupidity Pater Tenebrarum at the Acting Man mentioned to me in an email.

I added Pater’s email as an addendum to my article Reader Questions on the 1 Trillion Coin Proposal: Where’s the Money Come From? Will It Cause Inflation?
Addendum

Here are a few thoughts from Pater Tenebrarum at Acting Man

I would point out though that whether it is inflationary depends on the precise mechanics of the operation. Congress could limit spending according to whatever it decides, so it need not be inflationary. But that depends on an unknowable future. As a rule, once government bureaucrats discover “innovative” financing methods, they try to make use of them to the hilt. The whole debate is actually a great illustration of the utter absurdity of our monetary system.

When I suggested minting a quadrillion dollar coin would not be inflationary, it was under my stated provision that Congress would still limit spending to amounts authorized. Of course, monetizing a trillion dollars every year is in itself an inflationary practice in isolation (with or without mind games involving platinum coins). The coin is irrelevant in that regard.

Pater catches the key point of both my articles in his concluding sentence “The whole debate is actually a great illustration of the utter absurdity of our monetary system.” And that is precisely why I proposed Alfred E. Neuman on the coin.Former Head of US Mint Chimes In

Philip Diehl, Former Head of the US Mint made a comment on Pragmatic Capitalism, reposted as an article that Addresses Confusion Over the Platinum Coin Idea. Here is the key section.
* What is unusual about the law (Sec. 5112 of title 31, United States Code) is that it gives the Secretary complete discretion regarding all specifications of the coin, including denominations.

* Moreover, the accounting treatment of the coin is identical to the treatment of all other coins. The Mint strikes the coin, ships it to the Fed, books $1 trillion, and transfers $1 trillion to the treasury’s general fund where it is available to finance government operations just like with proceeds of bond sales or additional tax revenues. The same applies for a quarter dollar.

* Once the debt limit is raised, the Fed ships the coin back to the Mint, the accounting treatment is reversed, and the coin is melted. The coin would never be “issued” or circulated and bonds would not be needed to back the coin.

* There are no negative macroeconomic effects. This works just like additional tax revenue or borrowing under a higher debt limit. In fact, when the debt limit is raised, Treasury would sell more bonds, the $1 trillion dollars would be taken off the books, and the coin would be melted.

* This does not raise the debt limit so it can’t be characterized as circumventing congressional authority over the debt limit. Rather, it delays when the debt limit is reached.

* Yes, this is an unintended consequence of the platinum coin bill, but how many other pieces of legislation have had unintended consequences? Most, I’d guess.

Philip N. Diehl
35th Director
United States MintAccounting Gimmick

As I stated, the proposal is nothing more than an accounting gimmick. Even Krugman realized as much, specifically stating at the end of Debt in a Time of Zeronot everything is a free lunch, even now. Sorry.

To that I would reply, nothing is a free lunch ever, unless you count sunshine and rain as free lunches.

Benefit of the Debate

In spite of the silliness of it all, there is still a benefit of sorts to the debate. The benefit is that the American public gets to see what fools they have elected to Congress.

Since some might not find that much a benefit, I have another idea. Stop paying Congress, the President, Vice President, and all their staffs, followed by everyone in a federal office, the second the debt ceiling is reached.

That would probably light a fire under the whole lot of them immediately.

Mike “Mish” Shedlock
http://www.globaleconomicanalysis.blogspot.com link to original article

ConsciousLifeNews – I Was A Paid Internet Shill : How Shadowy Groups Manipulate Internet Opinion And Debate – 11 January 2013

internet-service-disturbed(Lucas : I always say use your own discernment in everything. Also in the past we have talked about the intelligence agencies and covert-groups using internet trolls, also think of groups like ALEC that embody bringing forth laws and regulations that suit their companies and get it still done. There are so many ways of control or influence of the matrix . But in all the only good way is to be wary of all that what is about as there is lot’s that is so-called coming from authorities, or known people as they often are part of the system that brings you like mainstream media still the story of the matrix.  Find your resources on the net but know to be looking into things from alternative sources and get at it with your own gutt feeling and intuition and see what is and is not real., Still there are no guarantees and make sure you see the bigger picture not only over and over the same details arranged in different manors. Do not get hyped. If things are known to you why bother go into it over and over, or get even into arguments about it!)

CLN Editor’s Note: The type of propaganda strategy described in the article below occurs across a wide range of topics and is employed by various corporate, political, and governmental groups to promote a variety of agendas. It is called astroturfing, and it is far more common than most would imagine.  Continue reading

Benjamin Fulford – Reader Update – 11 January 2013

benjamin_fulford_301/11/2013

To readers, here are some good links on the situation in South Africa and elsewhere that are worth taking a look at.

Hi Ben,

In your recent report ( January 8th 2013) you mention Mandela. Wonderful idea, however I am afraid that all that we have is a legend. The dear man is very old now . As a result he is very protected and no longer makes public appearances, but remains in the safety and care of his family.
As an alternative suggestion, might I propose the name of Arch Bishop Desmond Tutu. Although also rapidly advancing in age, his mind is still as sharp, many have always thought too sharp, as a whistle 🙂 His experience with the South African Truth and Reconciliation Commission can only be of great benefit to all. And last year he called for the arrest of Tony Blair as a war criminal! He did my heart so proud.
Tony Blair should face trial over Iraq war, says Desmond Tutu. Anti-apartheid hero attacks former prime minister over ‘double standards on war crimes’ Continue reading