Daily Archives: December 6, 2013

Congress Provides Evidence That Obama Is A Dictator – 6 December 2013

Uploaded on 5 December 2013 by TheAlexJonesChannel If the president can kill with drones, suspend immigration laws, and tap your phones what can’t he do?

DealBook – SAC Witness Concedes Omission On Illicit Data – 6 December 2013

DealBook

By MICHAEL J. DE LA MERCED

For days, Jon Horvath has testified at the insider trading trial of his former boss, a onetime top hedge fund executive, that he was pressured to obtain confidential corporate information to do his job.

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

InvestmentWatchBlog – Mac Slavo – Horrific Consequences: “People Don’t Understand The Scale Of The Emergency That’s Going On Right Now” – 6 December 2013

InvestmentWatchBack in the mid-2000?s, when jobs were plentiful and everyone was concerned with buying zero-interest homes, new cars and taking luxury vacations, Mike Maloney from the Hidden Secrets of Money was warning of the financial and economic destruction to come. In his assessment, a crisis was imminent:

First the threat of deflation (1), followed by a helicopter drop (2), followed by big reflation (3), followed by a real deflation (4), and then followed by hyperinflation (5),We now know that Maloney was right.

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

Steve Lendman – Orange Revolution 2.0? – 6 December 2013

StevelendmanOngoing Ukrainian protests bear its earmarks. Whether it succeeds remains to be seen.
Ordinary Ukrainians are being manipulated. Internal street thugs are involved. They’re militants. They’ve been recruited to cause trouble. They’re mostly young. They’re Western oriented.
Washington’s dirty hands are involved. Color revolutions are a US specialty. At issue is eliminating independent sovereign states.
It’s co-opting former Soviet Republics. It’s drawing them into NATO. It’s increasing American dominance. Continue reading

IntelliHub – The Golden Ratio – A Sacred Number That Links The Past To The Present – 6 December 2013

IntelliHubApril Holloway | Ancient Origins | December 6, 2013

There is one thing that ancient Greeks, Renaissance artists, a 17th century astronomer and 21st century architects all have in common – they all used the Golden Mean, otherwise known as the Golden Ratio, Divine Proportion, or Golden Section.

Precisely, this is the number 1.61803399, represented by the Greek letter Phi, and considered truly unique in its mathematical properties, its prevalence throughout nature, and its ability to achieve a perfect aesthetic composition.

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

James Corbett – The Corbett Report – Interview 786 – Bruce Levine Dissects The DSM-5 – 6 December 2013

JamesCorbett4Link to podcast

Author and practicing clinical psychologist Dr. Bruce Levine of BruceLevine.net joins us today to discuss the DSM-5, the latest edition of the Diagnostic and Statistical Manual (DSM) published by the American Psychiatric Association. We address concerns about the DSM’s scientific credibility and detail the DSM task force’s conflicts of interest in their to the pharmaceutical industry. Continue reading

ActivistPost – Derrick Broze – International Law Encourages Use of Geoengineering Weather Modification – 6 December 2013

Logo_activistpost-comAccording to a new study due to be published in 2014, Geoengineering field research is not only allowed, it is encouraged.The study was authored by Jesse Reynolds at Tilburg Law School in the Netherlands. Reynolds researched the legal status of geoengineering research by analyzing international documents and treaties. Continue reading

Laura Bruno – Come Hither Kale, Mr. Candyland Game, Seductive Books And A Black-Eyed Gnome – 6 December 2013

laura-of-the-rocksMy kale has apparently been sending out pheromones and/or seductive telepathic vibes to my non-kale eating friends! Today, while out to tea with me, my non-kale-friendly friend, Suzanna, happened to mention with a gleam in her eye, “I just keep thinking about your kale! You know I don’t really like kale, but I keep thinking about yours.” She smiled a dreamy smile.

“That’s kind of strange,” I said, “because David’s sister sent me an email last night about my kale, and we have never known her or any member of her little family to eat kale, either! It was quite a passionate email: ‘Ask David about ground kale in mashed potatoes. Maybe we can have some of that at Christmas, if you love us enough.’ And then today, David’s dad drove by, saw me repotting pineapple sage in the garage and stopped over for a visit. We walked back to the gardens and he said for the first time ever, ‘Do you think I could get a couple leaves of that kale?’ That’s three people in less than twelve hours asking about my kale.” Continue reading

Mish/ Mike Shedlock – Spain Raids Social Security Reserve Fund To Meet Deficit Targets; New Rules Compound Deficit Woes For Spain, Italy – 6 December 2013

MishMikeShedlockMonetary magic of borrowing money from trust funds allegedly helps Spain come closer to meeting its budget deficit targets reports Eurointelligence.

Please consider The raiding of Spain’s “pensions piggybank”

Spain drew €5bn from the Social Security reserve fund on Monday, reported Europa Press, and will draw an additional €428M on account of income tax before the end of the month. Presumably this is to help attain the year’s deficit target.

Commentators present this as “raiding the piggybank” of the pension system. Europa Press writes that, in 2012-2013, €23.6bn will have been drawn from the fund, bringing it down to €53.7bn. The original €77bn had been gradually accumulated over the previous decade. For comparison, Spain’s pension outlays are slightly over €100bn a year or roughly 10% of GDP, so the pension [reserve] fund even at its peak was only enough to cover about 9 months’ worth of pensions.

Another source of public consternation has been the fact that 97% of the reserve fund is invested in Spanish public debt, up from 55% in 2008, as described by Expansión earlier this year. Before the crisis sovereign spreads were minimal and the fund was diversified among various Eurozone member states, but in 2009 the government of PM Zapatero started trading higher-rated debt for Spanish debt and the process of rebalancing into Spanish debt was nearly complete by the end of 2012.

Spain Budget Allegedly on TrackOn October 29, the Wall Street Journal reported Spain In Line to Meet 2013 Deficit Target
Spain’s Budget Ministry Tuesday said the euro zone’s fourth-largest economy is in line to meet its 2013 deficit target, after the preliminary government budget deficit stood at 4.8% of gross domestic product between January and August.

Spain is seeking to cut its budget deficit to 6.5% of GDP this year from 6.8% of GDP last year, excluding the impact of the banking bailout.

“Our budget targets are perfectly compatible with economic recovery,” said deputy Budget Minister Marta Fernández-Currás.

Spain’s government didn’t provide budget deficit numbers for the first eight months of 2012. Ms. Fernández Currás said this is because recent changes in accounting methods so Spain complies with EU practices make last year’s data non-comparable.

EU Probes Spanish Officials as Concerns Rise Over Budget DataIt seems EU officials (with good reason) are highly skeptical of official pronouncements. After all, and in spite of the fact that Spain’s deficit targets were reduced at least three times in three years, Spain has not yet met a single target.

On November 5, Bloomberg reported EU Probes Spanish Officials as Concerns on Budget Data Escalate
European Union officials made an extraordinary visit to Spain in September that signals escalating concern about the reliability of the country’s budget data.

EU statisticians ordered a so-called ad-hoc visit, a procedure reserved for urgent issues, to assess whether regional officials are complying with recommendations after failing to report all the unpaid bills they had accumulated in 2011, Tim Allen, a Luxembourg-based press officer for the statistics agency Eurostat, said in an e-mail. The visit included meetings with officials from Valencia and Madrid regions.

Eurostat raised concerns about Spanish data in April following at least two “upstream dialog visits,” the second of four levels of checks the agency has on member states’ statistical reporting.

September’s visit signaled a shift in gear to the second-most serious intervention. Ad-hoc visits are triggered by urgent issues regarding the quality or the methods used to produce the data, which only can be resolved with a face-to-face meeting, according to the agency Web site.

Deficit Revisions

Valencia posted a budget deficit equivalent to 5 percent of GDP in 2011 after initially reporting a shortfall of 3.68 percent, according to the Budget Ministry. Madrid’s deficit was 1.96 percent compared with 1.13 percent initially reported. That helped to push the country’s public sector deficit that year to 8.9 percent, the Budget Ministry said in a May 2012 statement. The final figure was revised later to 9.6 percent.

Eurostat officials checked the early warning systems being used by the Madrid region to avoid any future deficit deviations, a spokesman for Madrid’s regional budget and economy department said in an e-mailed statement.

Spain, Italy Warned About New Budget RulesOn November 15, the BBC reported EU warns Spain and Italy over their budget plans
The European Commission, the European Union’s executive arm, has warned Spain and Italy that their draft budgets for 2014 may not comply with new debt and deficit rules.

It also said French and Dutch plans only just passed muster.

Non-complying countries may have to revise their tax and spending plans before re-submitting them to national parliaments. It is the first time the Commission has done this.

Budgetary surveillance

Spain’s draft 2014 spending plans were “at risk of non-compliance”, said the Commission, as the country does not envisage returning to EU financial norms until 2016 at the earliest.

Other countries at risk of breaking EU finance rules included Finland, Luxembourg and Malta.

Heavily indebted countries that received EU bail-outs at the height of the financial crisis – Ireland, Cyprus, Portugal and Greece – were not included in the review.

If Spain meets it budget deficit target this year, it will likely do so by some sort of accounting gimmickry or purposeful under-reporting of regional debt.Expect the same thing multiple times in 2014, because Spain will have to not only catch up with its 2013 revised deficit shortfalls, but also comply with new rules that likely take away some sleight of hand budget gimmickry.

By the way, it’s important to note that 97% of what’s left of the reserve fund is invested in Spanish government debt. Think that investment won’t ever take a haircut?

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

John Ward – Spinal Tap Gets Go-Ahead As Presidential Bladder Threatens To Breach London Flood Barrier – 6 December 2013

mendaciumstripNOBSORE REJECTS SPENDING TAP IN FAVOUR OF SPINAL TAPMendacium tax collector Sheriff Gideon of Nobsore today gave the go ahead for Bank of Mendacium Governor Mark Carnuck to carry on purchasing hundreds of billions of Pounds worth of Tartan Paint bonds from the banks, under the Government’s Banker Bonus Spending Tap Scheme. But he pledged that the continuing attempt to save fourpence on other areas of City State spending would instead involve a spinal tap for hardworking families everywhere.“My proposal,” he told Mendacium Porkers (MPs), ” is that all citizens should be placed in a left (or right) lateral position with their neck bent in full flexion and knees bent in full flexion up to their chest, approximating a faetal position as much as possible, while sitting on a stool with head and shoulders bent forward. Then my Right Honourable friend Mr E.R. Bunkum-Spliff will administer a yardbrush anally under minimal anaesthetic”.

“Whether we be givers or receivers of the yardbrush” he added, “we are all in this together”. Continue reading