Daily Archives: November 26, 2013

InvestmentWatchBlog – Fed Hides Trillions? Lawsuit In U.S. District Court Accuses The Fed Of “Embezzling” $7 Trillion From The United States – 26 November 2013

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AmericanKabuki – George Carlin Illuminati New World Order – 26 November 2013

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John Ward – Satessay Part 2: It’s Not Just The Ethics That Stink, The Economics Don’t Stack Up Either – 26 November 2013

JohnWIn Part 1 last Sunday, I looked mainly at the history of cause and cost in relation to the 2008 near-implosion of the globalist economic and sovereign fiscal systems. That Part 1 was supposed to appear on Saturday, this Part 2 on Sunday, and today it’s Tuesday. But that’s France Telecom for you: they inhabit a different Time continuum to the rest of us.

In this installment (an appropriate noun given the state of the West’s indebtedness) I want to examine the two economic assumptions that lie behind the solutions so far applied – without even a scintilla of success – to the economic consequences of the factors I outlined for the period 1971-2008. Continue reading

BusinessInsider – Joe Weisenthal – Oil Prices Are Back Up To Almost Where They Were Before The Iran Deal – 26 November 2013

businessInsiderAs pointed out by SocGen’s Kit Juckes this morning, oil prices are back up to almost where they were before the Iran deal.

The deal over the weekend produced an initial drop in the price of crude, but it didn’t last long, as in terms of the oil market it’s really not a gamechanger in any way….

See the whole article and graphs at: www.businessinsider.com /link to original article

OpEdNews – Dynasties Are Un-American. Get Rid Of Them – 26 November 2013

OpEdNews When you think of dynasties, you might think of the ancient Chinese.
Or, rather, you might think of Walton or Koch, Rockefeller, Bush, DuPont, Vanderbilt and Mellon.
There are a lot of international dynasties, as discussed in this Forbes article, but I’m talking about the USA.  Continue reading

Iran & P5+1: Will Hardline Spin Doctors Look To Derail Deal? – 26 November 2013

RT logoThe deal on Iran’s nuclear program is promising, but differences among the parties threaten the fragile pact. Israel and members of Congress call for more pressure, and Saudi Arabia signals nuclear ambitions in response to changing geopolitical climes.

The agreement clinched in Geneva between Iran and major world powers is the Obama administration’s most significant diplomatic achievement, and though ‘all options’ remain on the table officially, cooler heads in Washington and Tehran have both understood that even a modest deal is preferable to maintaining the status quo.

The US and Iran have different interpretations of the agreement and its impact on the right to enrich uranium in the long term. Though the current six-month interim agreement technically allows uranium enrichment to continue at 5 percent, Iranian FM Javad Zarif believes that a comprehensive deal eventually brokered after the current pact will fully accept Iran’s uranium enrichment process within the bounds of international law, while at the same time lifting all the sanctions that have crippled the Iranian economy.

Read the whole article at: www.rt.com / link to original article

CommonDreams – Taiji Cruelty : Activist Target Japanese Slaughter Of Dolphins; Defensive Officials Say You Can Pet Them before You Eat Them – 26 November 2013

Japan has restarted its annual, brutal killing of dolphins in Taiji, but thanks in part to the film The Cove – which sparked international opposition and reportedly helped reduce demand for the once-popular, now-mercury-infused dolphin meat by two-thirds – activists are waging an increasingly visible battle against the slaughter. In addition to protests, petitions, observers, flash mobs, Tweetstorms, Facebook pages and home-grown groups like Flippers Japan, Anonymous says it has hacked 22 Japanese government sites and will launch #OpKillingBay next week to protest the “shameful” hunt. And in what has been dubbed “the most barbarous bit of mixed messaging” in response to the “unfavorable circumstances,” defensive Taiji officials say they will create a petting zoo and theme park where people can swim with the dolphins before then eating them at the cafe – once, that is, they have been driven in helpless pods into traps, where they are killed by driving a spike through the spine at the base of their neck. Ah, capitalism. Continue reading

Ben Swann – Why The Poor Stay Poor, Reaction to One Woman’s All Too Common Story – 26 November 2013

Ben Swann

We hear many news stories that are negative regarding the poor in the U.S. From Medicaid fraud, to “welfare queens”, to the recent food stamp recipients basically stealing at Louisiana Wal-Mart’s, there’s no lack of stories that look at the poor as a homogenous group, and somewhat dehumanizes the individuals.

In a stunning story that is quickly going viral, blogger Linda Tirado explains the psychology of poverty. Her story is called “Why Poor People’s Bad Decisions Make Perfect Sense”

She eloquently lays out how she makes decisions. Many of these decisions self-perpetuate a cycle of poverty.

“Rest is a luxury for the rich. I get up at 6am, go to school (I have a full course load, but only two in person classes), then work, then I get my kids, then I pick up my husband, then I have 30 minutes to change and go to Job 2.”

Read the whole story at:  www.benswann.com / link to original article

Paul Craig Roberts – The Dying Dollar – 26 November 2013

Roberts Paul1 ps022305The Dying Dollar
Federal Reserve and Wall Street Assassinate US Dollar

Since 2006, the US dollar has experienced a one-quarter to one-third drop in value to the Chinese yuan, depending on the choice of base.

Now China is going to let the dollar decline further in value.  China also says it is considering undermining the petrodollar by pricing oil futures on the Shanghai Futures Exchange in yuan. This on top of the growing avoidance of the dollar to settle trade imbalances means that the dollar’s role as reserve currency is coming to an end, which means the termination of the US as financial bully and financial imperialist.  This blow to the dollar in addition to the blows delivered by jobs offshoring and the uncovered bets in the gambling casino created by financial deregulation means that the US economy as we knew it is coming to an end.

Read the whole story at: www.paulcraigroberts.org / link to original article

The Stock Bubble In Context (Will The Last Bear Please Turn Out The Lights?)

InvestmentWatchWolf Richter www.testosteronepit.com www.amazon.com/author/wolfrichter

Bubbles don’t happen in a vacuum, but in a context. Which is this: 47.6 million Americans receive food stamps, almost triple the 17.2 million in 2000 when the dotcom bubble blew up. The Los Angeles Regional Food Bank, which distributes 1.1 million pounds of food a week, mostly to food pantries, said that the number of people seeking assistance has jumped 50% since the Great Recession. Continue reading