Daily Archives: March 17, 2014

John Ward – Osborne Goes On Incognito Visit To Ebbsfleet – 17 March 2014

ebbsdiverChancellor hails Ebbsfleet as “perfect environment for young hard-up families. All they would need is full diving kit and PADI diving qualifications”.

www.hat4uk.wordpress.com / link to original article

StreetsOfLove-Unconventional – Angel Lucci – What Makes Money Valuable? – MODERN MONEY MECHANICS – A Workbook On Bank Reserves And Deposit Expansion – By Federal Reserve Bank Of Chicago – 17 March 2014

angellucciPosted from:

Facebook Kelly Killian Sutton

What Makes Money Valuable?

In the United States neither paper currency nor deposits have value as commodities. Intrinsically, a dollar bill is just a piece of paper, deposits merely book entries. Coins do have some intrinsic value as metal, but generally far less than their face value. What, then, makes these instruments – checks, paper money, and coins – acceptable at face value in payment of all debts and for other monetary uses?

Mainly, it is the confidence people have that they will be able to exchange such money for other financial assets and for real goods and services whenever they choose to do so. Continue reading

Mish/ Mike Shedlock – Pettis Proposes Savings Glut And Income Inequality Are Source Pf Global Imbalances; Mish vs. Pettis: I Respectfully Disagree – 17 March 2014

MishMikeShedlockMichael Pettis at China Financial Markets taught me much of what I know about global trade. I am very appreciative. I tend to agree with most of his views.

I recommended his book “Great Rebalancing“, and still do.

In a recent email, however, Pettis revives the “Global Savings Glut” thesis and I strongly disagree. This is a somewhat lengthy discussion, but an extremely important one.

Income Inequality” is a front-page topic so let’s take a close look. Continue reading

John Ward – George Osborne: As We Run Up To Budget Day, Is It Time To Seriously Question Whether This Man Is Fit To be In Government? – 17 March 2014

JohnWYou will doubtless remember all the dodging and weaving that went on after the tapered brown solids collided with the fan of consequences last month in relation to Somerset levels. Nigel Farage, David Cameron, Owen Paterson and Ed Miliband all kept their mouths shut about the various dubious roles played in creating the disaster by UKip’s abstention in Brussels, Tory MEPs voting in favour of the lunacy, Defra’s spineless acquiescence in the half-baked EU greenery, and New Labour’s 100% sign-up to bad science. Continue reading

Jon Rappoport – How Doctors Make Fake Diagnoses For Diseases – 17 March 2014

jon7I never grow tired of explaining this issue, because people write to me with the assumption that they understand disease diagnosis. And they don’t. They’re not off by a little bit. They’re off by a mile.

Two of the most prevalent tests for diagnosing diseases are antibody tests and what’s called the PCR.

Prior to 1984, it was well understood by most doctors that the presence of antibodies specific to a given germ meant: the patient’s body had contacted and successfully thrown off the germ. Continue reading

Toy Helicopter Helped Change Feinstein’s Mind About Surveillance Drones – 17 March 2014

RT logo(Lucas : as long as you, Feinstein, not make regulations to get rid of private owned personal drones for personal use as that would be easy to do…. hey… Feinstein…now so concerned about a toy helicopter…..really!)

Senator Dianne Feinstein (D-California) now says she has some serious privacy concerns about domestic drones, but it might have been nothing more than a children’s toy that put her over the edge.

Feinstein — who also serves as the head of the US Senate Intelligence Committee — has since last year been advocating for her congressional colleagues to implement privacy safeguards to protect Americans from any potential surveillance threats brought on by the small, unmanned aerial vehicles expected to soon invade local airspace.

“The administration is looking at a rules playbook as to how these won’t be used and how they will be used,” Feinstein told MSNBC a year ago this month. “So it’s a very complicated subject of new technology and I think we have to take a pause and get it right.”

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

Obama Announces NSA Programs Overhaul – 17 March 2014

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President Barack Obama announced as expected on Friday a major overhaul to some of the National Security Agency’s most disputed surveillance operations seven months after they was first exposed, reining in the metadata collection program among others.

Effective immediately, the president said, NSA officials must obtain court permission in order to access the government’s archive of telephone metadata — a trove of intelligence that has been regularly collected by the government through a program that its proponents say is a legally sound and crucial counterterrorism tool justified under Section 215 of the United States Patriot Act.

Evidence of that program was exposed last June through classified documents disclosed to the media by former NSA contractor Edward Snowden and spurred an immediate and ongoing international discussion that cumulated with the president’s endorsement of reform during a Friday morning speech inside the Justice Department building in downtown Washington, DC.

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