Thursday, February 28, 2013

Inflation Is the Legacy of the Federal Reserve

Washington's Blog
 Feb 27, 2013
http://www.washingtonsblog.com/2013/02/inflation-is-the-legacy-of-the-federal-reserve.html

We know that revenue cannot be raised for one person without costing someone else. We know that money printing generates revenue for the public sector. So we also know that money printing must be a tax. We know that the magnitude of that tax – the inflation rate – can be reliably measured by the increase in the rate of base money growth. Since we don’t know which markets new money will end up in or even when, we know we can’t reliably count on measures of inflation in those markets to tell us what the ‚inflation rate? is. Thus, the only reliable measure of inflation is the expansion of the monetary base. So to those who say there is no inflation, I give you the following chart.



Read full article here:  http://www.washingtonsblog.com/2013/02/inflation-is-the-legacy-of-the-federal-reserve.html

VIDEO: The Collectivist Conspiracy By G. Edward Griffin




Vaccine Crimes News 2/28/13: Bill Gates Continues ‘God’s Work’, Third World Vaccine Workers Shot Dead

Christina England
VacTruth.com
February 27, 2013

In January 2013, Bill Gates told the world in an interview that he had no need for money and that he believed the global vaccination program was God’s work. [1] “It’s not going to stop us succeeding,” says Gates. “It does force us to sit down with the Pakistan government to renew their commitments, see what they’re going to do in security and make changes to protect the women who are doing God’s work and getting out to these children and delivering the vaccine.”
His words came after several vaccine workers administering the polio vaccination in Pakistan were shot dead in January. [2]
It appears that although Gates wants to carry on with what he calls ‘God’s work,’ people living in the third world are beginning to make their feelings abundantly clear. It appears that they don’t want his vaccines or his charity, as more shootings were reported in Nigeria.
On February 8, 2013, The Guardian reported that at least nine health workers administering the polio vaccinations in Nigeria were shot dead by gunmen thought to belong to radical an Islamist sect. The Guardian wrote:

“The killings drew comparisons with a series of incidents in Pakistan last December where five female polio vaccinators were gunned down, apparently by Islamist militants. It also signalled a fresh wave of hostility towards immunisation drives in Nigeria, where some clerics have claimed the vaccines are part of a western plot to sterilise young girls and eliminate the Muslim population.” [3]

DO YOU KNOW WHAT’S IN THAT NEEDLE?

They are right to be suspicious because it would not be the first time that vaccines were given with the intention of sterilizing women in the third world. In 1995, many third world countries were given a tetanus vaccine containing a birth control drug by the World Health Organization.
An organization known as The Comite became suspicious of the protocols surrounding the vaccines and obtained several vials for testing. It was discovered that some of the vials contained human chorionic gonadotrophin (hCG), a naturally occurring hormone essential for maintaining a pregnancy.
However, when combined with a tetanus toxoid carrier, this vaccine essentially causes a woman’s body to produce antibodies against pregnancy, forcing her body to abort her unborn baby, as reported by ThinkTwice Global Vaccine Institute:

“In nature the hCG hormone alerts the woman’s body that she is pregnant and causes the release of other hormones to prepare the uterine lining for the implantation of the fertilized egg. The rapid rise in hCG levels after conception makes it an excellent marker for confirmation of pregnancy: when a woman takes a pregnancy test she is not tested for the pregnancy itself, but for the elevated presence of hCG. However, when introduced into the body coupled with a tetanus toxoid carrier, antibodies will be formed not only against tetanus but also against hCG. In this case the body fails to recognize hCG as a friend and will produce anti-hCG antibodies. The antibodies will attack subsequent pregnancies by killing the hCG which naturally sustains a pregnancy; when a woman has sufficient anti-hCG antibodies in her system, she is rendered incapable of maintaining a pregnancy.” [4]

Curiously, no men, boys or babies were vaccinated during the program. The only people vaccinated with this particular vaccine were women aged between 15 and 45. Was it a coincidence that these vaccines were only given to women of childbearing age? After all, anyone can contract tetanus, can’t they?

THE ADVERSE EVENT YOU MIGHT NOT EXPECT

Polio vaccine workers are not the only health workers who have been attacked during the last few months. In December 2012, La Voix reported that parents of vaccine-damaged children in Chad, Northern Africa, took out their anger and frustration by torching a car belonging to a hospital worker. [5]
VacTruth has since been informed by Chadian contacts that the people of Chad are boycotting all vaccinations, while the parents of the vaccine damaged children stoned the school’s headmaster who had forced pupils to take the MenAfriVac Meningitis A vaccine. The parents have since announced that they have no choice but to take government and its international organizations to court.
This is probably because whether Gates believes he is doing ‘God’s work’ or not, dumping severely vaccine damaged children in a remote village in Africa without a doctor on site is almost certainly not God’s work and this is exactly what Gates has allowed to happen to the children adversely affected by the MenAfriVac Meningitis A vaccine.
Over the last few months I have written four articles covering recent events in Chad, Northern Africa, where 106 children became ill after receiving the meningitis vaccine, 40 of which were left paralyzed and suffering from convulsions. [6,7,8,9]
This week, VacTruth received word from a Chadian contact that said:

“Last night the Chadian minister of health evacuated all children paralyzed from MenAfriVac meningitis A vaccine, including very ill children, to Faya. I have just spoken to one person, who told me that seven girls and a boy are seriously ill with convulsions. Please, help us. This forced evacuation of very ill and paralyzed children on a military plan, to a destination where there is not even basic medical personnel and equipment, is deliberately sending vulnerable children to a place where they are likely to die.”

Faya is a small town surrounded by desert at least 100 miles away from the children’s home village of Gouro. This is extremely worrying, especially after VacTruth received several medical records confirming that these children did indeed suffer vaccine injuries.

MEDICAL RECORDS AS EVIDENCE

Over the past three months, members of the community of Gouro have reached out to VacTruth with desperate pleas for assistance as they helplessly watch their children suffer. We received a copy of one of the children’s medical records from their parent, which was written in French and translated on our behalf by Desiree Rover, an activist and avid campaigner from the Netherlands.
According to the record of treatment, the child was admitted to the hospital for an “undesirable post-vaccinal manifestation” and “intoxication by meningitis A vaccine.” Over the course of the hospital stay, the child suffered from headaches, shaking, vomiting, intense abdominal pain, and “contractions,” which likely refers to seizures.
Sadly, this child was prescribed Largactil, a psychiatric drug used to treat schizophrenia, probably due to the fact that members of the government have insisted that the paralyzed children’s afflictions were all in their heads. There is no mention in the clinical records of any prescription or treatment for pain relief or seizures.
This medical record, as well as the others sent to VacTruth by parents, demonstrates that these children need continued medical care. Yet, the ill children have been returned to an isolated, poorly equipped village far from sufficient available help!
It has since been reported by Ecoterra International that the conditions of at least ten children have deteriorated since being evacuated. [10]

POLIO RATES SKYROCKET IN THE MIDST OF VACCINATION CAMPAIGNS

As if the poorest regions of Africa has not had enough problems, GlaxoSmithKline has decided that they would get in on the act. Ethan A. Huff from Natural News reported on Feburary 19, 2013, that GlaxoSmithKline has teamed up with the company Biological E Ltd. and together they have decided that is a great idea to give the children of Africa a six-in-one vaccine. This is a single-dose vaccine for polio, diphtheria, tetanus, whooping cough (pertussis), hepatitis B, and Haemophilus influenzae type B.
This vaccine will be specifically designed for the poorest children of world. Natural News says:

“According to reports, GSK will add the contents of its injectable polio shot to a pentavalent vaccine already being manufactured by Biological E Ltd. that contains the other five vaccines. Together, as part of a 50-50 joint venture, the two companies will manufacture the hexavalent vaccine, which will rival similar combination vaccines for polio currently being developed and administered by rival drug companies in India such as Serum Institute of India Ltd. and Sanofi Pasteur.” [11]

According to Natural News, a study published in the Indian Journal of Medical Ethics (IJME) found that cases of polio-related paralysis have skyrocketed as a result of widespread polio vaccine campaigns throughout India, which means the populations of India are not benefiting from existing polio vaccines as the vaccine industry claims they are. So the two companies decided to put their heads together and come up with a new vaccine to boost their own economy.
In other words if at first you do not succeed, try, try, try again!
Dr. Rebecca Carley made her feelings abundantly clear about vaccines being used as bioweapons in an article recently, while the resulting damage is hidden from the public. She wrote:

“As I continue to follow the ongoing vaccine induced genocide of the indigenous Tibu children in Chad, Africa, it has become obvious that the totality of the documents I have accrued over the years has now reached critical mass for the purpose of going on the offensive against the psychopaths orchestrating the depopulation agenda. This was the topic of my RBN show on 2/10/13; you can access the archive for free by going to http://thelightofdayradioshow.com/archives/RBN-BACKUP/New-RBN-Dr-Carley-Archives.html. [12]

Dr. Carley is right, as there is no better way of covering up adverse events than dumping sick children in the middle of nowhere and leaving them to die, is there? The saying ‘out of sight, out of mind’ springs to mind.
CONCLUSION
It appears that Mr. Gates will go to any lengths to vaccinate the world, even if the world makes it very clear that they do not want his vaccines. Rather than vaccinating more children, if he was such a humanitarian, why has he allowed vulnerable, sick children to be dumped in the middle of nowhere to die? Surely the world would applaud him far more loudly if he spent his millions making sure that any vaccine casualties were sufficiently cared for.

References
1. http://www.telegraph.co.uk/technology/bill-gates/9812672/…
2. http://www.guardian.co.uk/world/2012/dec/18/polio…
3. http://www.guardian.co.uk/world/2013/feb/08/gunmen-nigeria-kill-polio-workers
4. http://thinktwice.com/birthcon.htm
5. http://www.tolerance.ca/Article.aspx?ID=157421&L=en
6. http://vactruth.com/2013/01/06/paralyzed-after-meningitis-vaccine/
7. http://vactruth.com/2013/01/13/children-paralyzed-by-vaccine/
8. http://vactruth.com/2013/01/25/paralyzed-symptoms-in-head/
9. http://vactruth.com/2013/02/12/vaccine-cover-up/
10. http://www.groundreport.com/World/Do-to-them-what-they-are…
11. http://www.naturalnews.com039160_glaxosmithkline_vaccines_developing…
12. http://thelightofdayradioshow.com/archives/RBN-BACKUP/…

VIDEO: The Feds "Legalized Plunder of the American People" - G. Edward Griffin



Italy on Financial Brink as “Former” Communist Tries to Lead

William F. Jasper
The New American
February 28, 2013

While much of world attention has focused, understandably, on Pope Benedict XVI’s February 11 resignation announcement, another resignation and election in Italy are at the center of global financial concerns. When Italian Prime Minister Mario Monti (shown) resigned in December 2012, he set in motion the process for general elections, which took place February 24-25. The results of the election have been indecisive, to say the least, with no party gaining a majority in the parliament, and no candidate for prime minister commanding a clear mandate. Pier Luigi Bersani, the ex-Communist Party leader who now heads the Democratic Party, scored a narrow victory in the Chamber of Deputies, the lower house of Parliament, but was unable to come up with a majority in the upper house, the Senate. Bersani is now scrambling to fashion a workable coalition with opponents. Unless and until he does that, Italy, the eurozone’s third largest economy and the world’s eighth largest economy, is faced with a “hung parliament,” without a prime minister and without a government.
Nouriel Roubini, the New York University economist known as “Dr. Doom,” said the election results “make Italy ungovernable. It is political, economic and financial chaos.” He is not alone in that assessment; many predict that Bersani will be unable to pull together a workable coalition and that Italian voters will have to go back to the polls again within six months.
Bersani’s Democratic Party/Italy Common Good leftist coalition took 29.5 percent of the national vote. The People of Freedom coalition led by billionaire media mogul and three-time prime minister Silvio Berlusconi, claimed 29.1 percent of the vote. The wild card that upset all expectations is the populist, anti-establishment Five Star Movement, a recent phenomenon launched by comedian Beppe Grillo, who struck a chord with millions of Italian voters by attacking and exposing the corruption in both the Berlusconi and Monti governments. Grillo’s Five Star Movement took 25.5 percent of the vote. Mario Monti’s outgoing Civic Choice coalition won the support of only 10.5 percent of voters.
Grillo has said his party would not back a confidence vote on a new government formed by any of the mainstream parties. He has called for new elections, which he may expect would bring even more voters to his banner. Having already exceeded the expectations of most analysts, and with disgust among Italian voters for the corruption and scandals of the current parties, it’s likely that Grillo’s vote tallies would swell in a rematch.

Kremlin’s Hand in Italy’s Politics

What has gone virtually unmentioned in coverage and analysis of the Italian elections is the win-win-win situation for Putin with the Bersani/Berlusconi/Monti lineup; the only unknown in this respect is Grillo.
Pier Luigi Bersani’s past history as a Communist Party leader has been passed off by media pundits as nothing to be concerned about, which is a strange nonchalance considering the extensive information concerning critical infiltration of the Italian government by the Soviet KGB/Russian FSB over many decades, as exposed by the Mitrokhin Commission, KGB/FSB defector Alexander Litvinenko, and others. The Kremlin strategists targeted Italy as a top priority not only because of its economic prominence and its key roles in the EU and NATO, but also, of course, because it is home to the Vatican and the Holy See. As the headquarters of the worldwide, billion-plus-member Roman Catholic Church, the Vatican has long been a top target of KGB intrigue (seeherehere, and here).


In addition to his long Communist Party pedigree, Bersani also served as minister twice in the administrations of Romano Prodi, whom Alexander Litvinenko identified as the KGB’s top man in Italy. It was very likely his exposure of Prodi that led Vladimir Putin to arrange Litvinenko’s public assassination by polonium poisoning in November 2006.
The New American reported in 2007:
The revelation that most likely sealed Alexander Litvinenko’s death warrant was his charge that Italy’s current prime minister, Romano Prodi, was known as the KGB’s top man in Italy. If true, that would also make him one of Russia’s top assets in all of Europe, since Prodi served as president of the European Commission from September 1999 through November 2004, one of the most critical periods of the European Union, which included the launching of the euro currency, expansion of the EU to include former communist countries, and drafting of the proposed EU constitution. And if true, it would make Litvinenko a bomb that could, potentially, topple governments, end high-level careers, send government officials to prison, and destroy a vast intelligence network that has taken more than a generation to put in place.
According to Alexander Litvinenko, when he was planning to flee from Russia in 2000, he consulted his former KGB boss and trusted friend, General Anatoly Trofimov, who advised him not to seek refuge in Italy, since it was loaded with KGB agents. “Don’t go to Italy,” General Trofimov said, “there are many KGB agents among the politicians: Romano Prodi is our man there.” At the time, Signor Prodi was Italy’s prime minister. That was immediately before his stint as EU Commission president, which was followed by his return as Italy’s prime minister in May 2006.
The Mitrokhin Commission faced enormous pressures, obstructions, and stonewalling, along with vicious attacks from press. Little wonder: Among the many individuals fingered as KGB operatives in Italy by KGB defector Vasili Mitrokhin were diplomats, military officers, cabinet ministers, intelligence officers, and prominent journalists and editors of the nation’s top newspapers. The New American reported at the time:
There has been speculation in political and intelligence circles that a particular Italian professor/politician revealed by Mitrokhin, but referred to only by the KGB code name UCHITEL (“the Teacher”), pointed to Prodi, a former professor and longtime insider in Italy’s top business and political echelons. This would help explain why Prodi, during his earlier stint as prime minister, failed to take any action when British intelligence provided his government with information in 1996 about 261 Italians who had been operating for decades as agents for the KGB. When British sources publicly released this information in 1999, Prodi claimed not to have been informed about it earlier. However, his defense minister confirmed that he had given the British information to Prodi.
Subsequently, when the Mitrokhin Commission began delving into the matter, Prodi and his influential media and political backers went into hyper drive to stop publication of the report. It was due out in March 2006, but still remains unpublished. More recently, on November 20, just three days before Litvinenko’s death, Prodi fired the chiefs of three of Italy’s intelligence agencies, all of whom would have been important to any investigation of the Mitrokhin information. If Prodi is Moscow’s man, as General Trofimov is alleged to have said, then Russia’s intelligence structures would stop at nothing to protect such a valuable, long-term investment.
The New American reported further, in a separate article on Prodi, that even without the Mitrokhin and Litvinenko revelations, there were plenty of clues from the public record that Prodi was “Moscow’s Man.” Among those clues was the huge presence of “former” Communist Party officials in his cabinet, which was high even for Italy, where the communists have had a firm foothold for much of the past century, running openly for office, winning election to Parliament and serving in top government posts. We noted in 2007:
Prodi’s left-wing Olive Tree coalition government boasts current and “former” communists, such as Deputy Prime Minister and Foreign Minister Massimo D’Alema, who was secretary of the Italian Federation of Young Communists in the 1970s, then a top member of the Italian Communist Party, and now head of the Democrats of the Left, an offshoot of the Communist Party; Minister of Social Solidarity Paolo Ferrero, a leader of the Communist Refoundation Party; and Economic Minister Pier Luigi Bersani and Labor Minister Livia Turco, both former members of the Italian Communist Party, now with the Democrats of the Left. Not to mention radical Marxists in the Prodi cabinet such as Emma Bonino, Giuliano Amato, Fabio Mussi, Francesco Rutelli, and Alessandro Bianchi.
Is Bersani himself one of the KGB recruits mentioned under code name in the Mitrokhin investigation? What about his main opponents? Silvio Berlusconi may seem like an unlikely prospect for a KGB operative, but there are more ways to recruit — or trap — an agent of influence than with ideology or money. Sex appears to be the ticket for the scandal-plagued billionaire, who is infamous for his “Bunga Bunga” parties with underage girls. And as we noted in “The KGB Chief & the Media Mogul: The Strange Putin/Berlusconi Relationship,” Berlusconi has developed a troubling relationship with the “Godfather of the Kremlin” and his Mafiya oligarchs. Berlusconi and Putin have neighboring luxury villas on Sardinia’s Emerald Coast, and Putin has even sent his daughters to live in Berlusconi’s villa.
Then there’s Mario Monti, the “technocrat” economist, dubbed “Super Mario” by the press during his glory years on the European Commission (1994-1999), where he helped engineer the financial integration of the European Union. Like many other EU politicians, Monti epitomizes the “Davos Man,” the jet-setting globalist denizen of the World Economic Forum (WEF) who is comfortable confecting a socialist-corporatist New World Order with the communist leaders of Russia and China. Monti is not only a regular WEF attendee, but also a member of the Atlantic Council, an advisor to Goldman Sachs — and a member of that ultimate Insiders’ club, the Bilderberg Group.
Yet there is another very important elite “club” that is rarely mentioned in which Monti is not only a member, but a founding member: the Spinelli Group. Named for Altiero Spinelli (1907-1986), a leader of the Italian Communist Party and a key activist for European federalism, it includes the following members: Jacques Delors, a leader of the French Socialist Party and former president of the European Commission; Joschka Fischer, a former communist student leader and associate of the terrorist Red Army Faction, and later German foreign minister; Daniel Cohn-Bendit, a 1960s communist student leader, ally of terrorists, confessed child sex abuser, and member of the European Parliament on the Greens ticket; and Pier Virgilio Dastoli, an assistant to Spinelli and a leader in the Communist and Allies Group of the European Parliament.
Beppe Grillo’s Five Star Movement may turn out to be a front for other forces than are apparent on the surface, but it is clear that the alternative parties led by Bersani, Berlusconi, and Monti are all hopelessly corrupt and would lead Italy to disaster.

Coal Plants Likely the First Targets of Climate-change Executive Orders

Brian Koenig
New American
Feb 28, 2013

In a contentious effort to bypass the Republican-led House of Representatives, President Obama has embarked on a unilateral campaign to curb the impact of so-called climate change, in what could be a potentially fatal blow to the coal industry. The president’s new energy policy, and the forthcoming regulations that will accompany it, could in fact terminate all blueprints for new coal-fired plant facilities.
The president’s apparent desire to bankrupt the coal industry is part of a two-step process.According to James McGarry, a policy analyst at the environmental activist group the Chesapeake Climate Action Network, the EPA “is probably going to set standards that any new power plant that’s built in the U.S. has to achieve a certain carbon dioxide emissions rate per unit of energy produced.”
Those likely standards, which will potentially be unveiled in the coming weeks, could stamp out all plans to build new coal-fired power plants. “That’s huge, because just to look at the numbers, coal fired power plants emit around 2,200 pounds per megawatt hour where a new gas-fired, natural gas power plant is about 900 pounds per megawatt hour,” McGarry notes. “So in order for any new coal to be built in the U.S. in 2013-2014, they would have to have some sort of carbon-capture technology, which at the moment is economically unrealistic.”
In recent years, many Democrats in Congress have sought to increase regulations on coal plants and other conventional energy-production facilities. In 2009, House Democrats (who controlled the chamber at the time) passed a landmark climate change bill that was ultimately shot down in the Democratic-led Senate. And now with Republicans controlling the House, efforts to pass meaningful climate change legislation will be an even greater challenge.
President Obama is clearly adopting a new strategy — that is, to rule by executive order, circumventing Congress and bypassing the Constitution’s restraints on presidential power, as he has already done on a range of issues, including a brazenly unconstitutional power to detain and indefinitely imprison Americans who have not been charged with any crime.
“If Congress won’t act soon to protect future generations, I will,” the president continued in his SOTU address. “I will direct my Cabinet to come up with executive actions we can take, now and in the future, to reduce pollution, prepare our communities for the consequences of climate change, and speed the transition to more sustainable sources of energy.”
Many environmentalists weren’t ecstatic with Obama’s “green” performance in his first term, particularly with regard to legislation intended to reduce climate change. One of the most valuable assets to the climate-alarmist community was Environmental Protection Agency (EPA) head Lisa Jackson, who during her tenure unleashed a flurry of new EPA regulations, before she resigned from her post earlier this month. And while environmentalists were dismayed over Jackson’s resignation, Obama’s nomination of Gina McCarthy as Jackson’s successor seems to indicate a vast expansion in the EPA’s regulatory regime. As theNational Journal put it:

McCarthy, an Irish Catholic from Massachusetts with a thick South Boston accent, a ready sense of humor, and a tough-talking style, would come to the job after 30 years of working on environmental regulations at the state and federal level. During Obama’s first term, as he and Jackson came under fire from Republicans for waging a “war on coal” by regulating power-plant emissions, it’s been McCarthy who’s done the real work of writing and rolling out rules. Some environmentalists have nicknamed her “Obama’s green quarterback.”
Furthermore, other environmental efforts the Obama administration has contemplated could add to the already damning regulatory burden on existing power plants. And Obama’s energy agenda could be even more damaging if he, yet again, shrugs off TransCanada’s Keystone XL oil pipeline, which would generate tens of thousands of jobs while decreasing Americans’ energy dependence on corrupt Middle Eastern regimes.
While the economic impact could be immense, all this neglects to address the flagrantly unconstitutional use of unilateral action in enacting such regulations. As noted in Article I, Section 1 of the U.S. Constitution, “All legislative powers herein granted shall be vested in a Congress of the United States.” Note that the Constitution does not say some law-making powers should reside in Congress. Indeed, asserting that all legislative powers shall be vested in Congress seems to indicate that none is left for the president.
Of course, beyond the unconstitutionality of the president ruling in such a manner, Congress neither has the authority to legislate these federal regulations, as they violate the Tenth Amendment of the Bill of Rights, which states, “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”
Meanwhile, lawmakers on both sides of the aisle are preaching Armageddon over the looming fiscal “sequester,” which is slated to shave some $85 billion off the federal budget, or less than two percent of the overall budget. But the less visible casualties of Washington’s political agenda are the regulatory burdens now streaming through the pipeline.
Eighty-five billion dollars off the federal budget spells global catastrophe, lawmakers and political pundits say. But they neglect to mention the $100 billion that the EPA’s newly-enacted mercury policy will cost Americans every year — not to mention the billions of dollars more that will emanate from the Obama administration’s hyper-regulatory, and explicitly illegal, environmental agenda.

Tech Guru Warns Of Internet “Disaster”

Scientist Danny Hillis calls for ‘Internet Plan B’ in times of emergency

Paul Joseph Watson
Infowars.com
February 28, 2013

Inventor and scientist Danny Hillis warns that the Internet has “expanded it way beyond its limits,” and is set for a “disaster,” calling for an ‘Internet Plan B’ that would operate in times of emergency.

Hillis is the founder of Thinking Machines Corporation, which developed the Connection Machine, a series of supercomputers designed by Hillis while he was working at MIT.
Speaking to Wired’s Michael V. Copeland at the TED 2013 conference currently taking place in Long Beach, Hillis argues that because so many interconnected systems are now reliant on the world wide web, “We’re setting ourselves up for disaster, like we did with the financial system.”
Pointing to examples like the Stuxnet virus, US military data being routed through China, and the threat of a massive denial of service attack targeting the entire web, Hillis advocates building a second backbone that would kick in like a back-up generator “when the internet is in trouble.”
What Hillis imagines is a second network that could come online in case of emergency. It would use different protocols from the existing internet, and would be kept separate as much as possible (“Hygiene would be required,” Hillis says.) So when the internet goes down, police stations, hospitals and airports could still function.
In the face of the billions of dollars that companies and governments face to lose if their swath of the internet is taken over by bad guys, to say nothing of the chaos that would occur with a wholesale shutdown of the internet, the few hundred million dollars it would cost to build Hillis’ Plan B seems like money well spent.
As we have documented for the best part of a decade, Internet Plan B, or Internet 2, would be a perfect excuse for authorities to replace the current Wild West-style Internet system with a newly regulated, censored structure under which everyone would require permission and approval to operate a website.
Of course, this would be a routine procedure for monied corporations, prominent individuals and offshoots of the establishment itself, but could serve to strangle independent voices that have helped mould the Internet into what it represents today – the final bastion of true free speech.
Citing threats posed to cybersecurity, governments could agree to kill off the old world wide web in favor of a highly controlled Internet which would bar terrorists, criminals, subversives and anyone deemed a security risk by the state from getting online – a no fly list for cyberspace.
Internet ID cards or licenses would be issued to individuals who have proven themselves to be well behaved citizens – those have not used the web for illegal downloads, hacking, or God forbid – criticizing officialdom. The Great Firewall of China would be implemented globally – killing off all those annoying alternative media websites and blogs and allowing the mainstream media to reclaim its audience share.
The problem with Hillis’ argument is that many of the threats he cites as a justification for creating a new government-controlled ‘hygienic’ Internet 2 were created by the same military-industrial complex that would benefit from the new system.
As we have documented, the last five major computer viruses – Stuxnet, Flame, SP, SPE and IP – were all most likely the work of US and Israeli intelligence services.
Hillis and his peers should be more sophisticated about denigrating the old Internet and calling for a new “emergency” Internet 2 given that this would represent a perfect opportunity for those who have not hidden their agenda to destroy free speech on the world wide web in moving us closer to a draconian, onerous Chinese-style Internet.

*********************
Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

VIDEO: Alex Jones On The Howard Stern Show 02/26/13




Sarah Palin: Feds Are Stockpiling Bullets For Civil Unrest

Former Governor warns America is “finished” if it cannot resolve debt problem

Paul Joseph Watson
Infowars.com
February 28, 2013

Former Governor of Alaska Sarah Palin has warned that the federal government is “stockpiling bullets” in preparation for “civil unrest,” adding that America is “finished” if it cannot deal with its debt problem.

Writing on her official Facebook page, Palin remarked, “If we are going to wet our proverbial pants over 0.3% in annual spending cuts when we’re running up trillion dollar annual deficits, then we’re done. Put a fork in us. We’re finished. We’re going to default eventually and that’s why the feds are stockpiling bullets in case of civil unrest.”
The post achieved nearly 12,000 ‘shares,’ attracting nearly 60,000 ‘likes’ and over 4500 comments.
The Department of Homeland Security has committed to purchasing around 2 billion bullets over the course of the last year, in addition to buying 7,000 fully automatic assault rifles last September (the agency referred to them as “personal defense weapons”).
Although the mainstream media has played down the purchases as the feds merely saving money by buying in bulk, the ammo buys have contributed to shortages across the country.
However, concerns were further stoked last week when Law Enforcement Targets Inc, a DHS contractor that supplies shooting targets to the agency along with thousands of police departments, was forced to apologize for producing “non-traditional threat” targets which featured images of pregnant women, children and elderly gun owners in residential settings.
Politico published an article following Palin’s Facebook post bizarrely claiming that her concerns about the federal government purchasing ammo in large quantities had been debunked despite admitting that “government agencies are, in fact, purchasing large amounts of ammunition.” This tactic of admitting that the government is purchasing a huge number of bullets while simultaneously portraying anyone concerned about the fact as erroneous and paranoid has been adopted by other mainstream media outlets like the Washington Post, who have blithely accepted and regurgitated the government’s explanation that the bullets are merely for target practice.
The DHS has also been busy buying large supplies of body armor, leading to more shortages. Last year, the agency put out an urgent order for “riot gear” in anticipation of civil unrest. The agency has also ordered bullet-proof checkpoint booths and hired hundreds of new security guards to protect government buildings over the course of the last 12 months.
Palin making the connection between the federal government’s arms build-up and America’s economic decline is noteworthy given how other countries have experienced domestic disorder in the aftermath of financial turmoil in recent years.
As we explained in a recent article, generating mass social dislocation has been an admitted tool used by the World Bank and the IMF to create the necessary chaos to loot major economies.
As respected investigative reporter Greg Palast exposed in 2001, the World Bank and the IMF have honed a technique that has allowed them to asset-strip numerous other countries in the past – that technique has come to be known at the “IMF riot,” a process of scaring off investors and causing government bankruptcies by fostering unrest.

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Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

Supreme Treason News 2/28/13. It’s Official, the Fourth Amendment is Dead

Kurt Nimmo
Infowars.com
February 28, 2013

On Tuesday, the Supreme Court disemboweled the Fourth Amendment. In a 5-4 decision, the Court ruled that citizens cannot challenge government wiretapping laws, in particular the unconstitutional Foreign Intelligence Surveillance Act of 1978 and, more recently, the FISA Amendments Act of 2008.
According to Justice Samuel Alito, millions of Americans can no longer expect the government to uphold the Constitution and prevent the NSA from conducting dragnet surveillance.
The government established so-called “sovereign immunity” last August when the Ninth Circuit in San Francisco dismissed Al Haramain Islamic Foundation v. Obama following a December 2010 court case ruling the NSA’s warrantless wiretap program was illegal.
FISA is a near perfect scheme for the government. It allows the Foreign Intelligence Surveillance Court to rubber-stamp surveillance requests of supposed terrorists (the Justice Department claims there are over a million terrorists in America). The feds are not obliged to identify a target and they can conduct surveillance a week before making a FISA Court request. Surveillance can continue in the unlikely event that a request is denied and an appeal is set in motion.
Following the attacks of September 11, 2001, Congress passed the Patriot Act. It allows federal agents to write their own search warrants in violation of the Fourth Amendment and does away with the FISA-issued search warrant requirement, itself blatantly unconstitutional.
“FISA gives the government unchecked authority to snoop on all Americans who communicate with any foreign person, in direct contravention of the Fourth Amendment,” Andrew Napolitano wrote in December. “The right to privacy is a natural human right. Its enshrinement in the Constitution has largely kept America from becoming East Germany.”
Alito’s argument rests on the fact that FISA is a secret court. “Yet respondents have no actual knowledge of the Government’s §1881a targeting practices. Instead, respondents merely speculate and make assumptions about whether their communications with their foreign contacts will be acquired under §1881a,” he wrote.
Alito was joined by Chief Justice John Roberts, and Justices Anthony Kennedy, Antonin Scalia and Clarence Thomas. Justices Stephen Breyer, Ruth Bader Ginsburg, Elena Kagan and Sonia Sotomayor dissented the ruling.
Tuesday’s ruling pitches the Fourth Amendment protection against unreasonable search and seizure into the dustbin of history. It means we are one step closer to becoming East Germany where the Stasi conducted dragnet surveillance with impunity.
Stasi, however, was old school. The modern high-tech surveillance state is infinitely more effective and will be used to monitor the political attitudes of all Americans in dragnet fashion and ferret out for persecution – and elimination – those who pose a threat to the status quo.

VIDEO: Expert Reveals The Technocratic Architecture of The NWO




All Of This Whining And Crying About The Sequester Shows Why America Is Doomed

Michael Snyder
Economic Collapse
Feb 28, 2013

If we can’t even cut federal spending by 2.4 percent without much of the country throwing an absolute hissy fit, then what hope does America have?  All of this whining and crying about the sequester is absolutely disgraceful.  The truth is that even if the sequester goes into effect, the U.S. government will still take in more money than ever before in 2013 and it will still spend more money than ever before in 2013.  So it is a bit disingenuous to call what is about to happen “a spending cut”, but for the sake of argument let’s concede that point.  Even if the budget really was being “cut” by 85 billion dollars, that only would only amount to a “cut” of 2.4 percent to federal spending.  It would barely make a dent in the federal budget deficit for 2013.  The U.S. government would still accumulate about as much new debt in fiscal year 2013 as it did in all the years from the inauguration of George Washington to the inauguration of Ronald Reagan combined.  Our debt to GDP ratio would continue to soar.  The sequester cuts would essentially only be a minor bump on the road to financial oblivion.  But if you listen to Barack Obama and his allies, they would have you believe that we are facing a great national crisis because of these impending cuts.  They would have you believe that hundreds of thousands of people will lose their jobs and that many government agencies will no longer be able to operate effectively.  They would have you believe that “granny won’t get her lunch” and “roofs blown off by Hurricane Sandy won’t get repaired”.  Well, if all of that is true, then what in the world would our country look like if we actually cut a trillion dollars from the federal budget this year and started living within our means?
Have you ever known people that are already hundreds of thousands of dollars in debt and yet go out and regularly blow thousands more dollars on wild shopping sprees?
Such debt addicts may be very proud of their new homes, their new cars, their new clothes and all of their fancy electronic gadgets, but it was all purchased with debt.  When a “day of reckoning” finally arrives, many debt addicts lose absolutely everything and end up in the street.
That is what America is like today.
Our politicians like to show off all of the stuff that our government is spending money on, but the truth is that we are spending gigantic mountains of money that we simply do not have.  We are literally stealing from our kids and our grandkids so that we can continue to enjoy a massively inflated standard of living that we have not earned.
But we can’t stop ourselves.  Americans are absolutely addicted to big government.  They want a gigantic government that sends out free money to more than 100 million Americans every month, but they absolutely do not want to pay for it.  They would rather steal money from their children and their grandchildren to pay for it.
This has got to stop, because we are literally destroying the future of this country.
If Americans really want a massively bloated government that takes care of everyone from the cradle to the grave then they should pay for it.
If Americans don’t want to pay for it, then they should reduce the size of the government to a level where they are willing to pay for it.
But stealing money from future generations of Americans to pay our bills is absolutely disgraceful.
As I talked about in a previous article, we are stealing more than 100 million dollars from our children and our grandchildren every single hour of every single day.
Is there anyone out there that is willing to stand up and defend that kind of theft?
But the vast majority of Americans don’t want to do anything to stop it, because they don’t want to harm “the economy” (i.e. our ridiculously bloated standard of living).
Will the sequester cuts hurt the economy a bit?
Of course.
Government spending cuts always hurt the economy.
If we raised taxes to help pay the bills that the federal government has been racking up, would that hurt the economy?
Of course.
Tax increases always hurt the economy.
But if we continue on the path that we are today, America is doomed.
The U.S. national debt is the biggest single debt in the history of the world.  It is now more than 16.6 trillion dollars, and it has gotten more than 23 times larger since Jimmy Carter first entered the White House.
If our politicians suddenly decided to go to a balanced budget today, our debt-fueled “bubble economy” would disappear and we would immediately plunge into a deep economic depression.
Do the American people have the character to be able to handle that kind of an “adjustment” to our standard of living?
Of course not.
That is why so many of our politicians are scared to death of doing anything about the debt.
And even these small sequester “cuts” are freaking everyone out.  Many of our politicians and many in the mainstream media are openly declaring that “the sky is falling”.  Just check out the following short excerpt from a recent New York Times article
The owner of a Missouri smokehouse that makes beef jerky is worried about a slowdown in food safety inspections. A Montana school district is drawing up a list of teachers who could face layoffs. Officials at an Arizona border station fear that lines to cross the border could lengthen. And if Olympic National Park in Washington cannot hire enough workers to plow backcountry trails, they may stay closed until the snow melts in July.
But that is nothing compared to what others are saying.  CNN is declaring that if the sequester cuts happen, “granny won’t get her lunch” and “roofs blown off by Hurricane Sandy won’t get repaired”.
And check out these ominous warnings from Barack Obama about what will happen if the sequester cuts go into effect…
“Emergency responders like the ones who are here today — their ability to help communities respond to and recover from disasters will be degraded.  Border Patrol agents will see their hours reduced.  FBI agents will be furloughed.  Federal prosecutors will have to close cases and let criminals go.  Air traffic controllers and airport security will see cutbacks, which means more delays at airports across the country.  Thousands of teachers and educators will be laid off.  Tens of thousands of parents will have to scramble to find childcare for their kids.  Hundreds of thousands of Americans will lose access to primary care and preventive care like flu vaccinations and cancer screenings.”
The Obama administration has even decided to release hundreds of illegal immigrants in anticipation of the cuts…
Immigration and Customs Enforcement officials have released “several hundred” immigrants from deportation centers across the country, saying the move is an effort to cut costs ahead of budget cuts due to hit later this week.
Announcing the news Tuesday, ICE officials said that the immigrants were released under supervision and continue to face deportation. After reviewing hundreds of cases, those released were considered low-risk and “noncriminal,” officials said.
The claims about the sequester cuts just seem to get more ridiculous with each passing day.  Homeland Security Secretary Janet Napolitano is warning that the cuts will make the U.S. more vulnerable to terrorist attacks,  and Obama recently decided not to send an aircraft carrier to the Persian Gulf because of “budget concerns“.
Apparently he sees no problem with using the U.S. military to score political points.
And Federal Reserve Chairman Ben Bernanke says that the budget cuts will result in “less actual deficit reduction in the short run”.
Really?
How stupid do they think we all are?
Yes, the sequester cuts will have an impact on the economy, but they won’t cause the sky to fall.
The following is what the CBO says the economic impact of the cuts is likely to be
The Congressional Budget Office estimates the cuts will cost 750,000 jobs and hit growth by 0.6 percentage points, assuming the cuts remain in effect for the remainder of the fiscal year. Some economists expect a slightly bigger impact.
Remember, these are actually very small cuts.
In fact, according to U.S. Representative Lynn Jenkins, the U.S. government will actually be spending more money in 2013 than it did in 2012 even if the sequester cuts go into effect…
“There’s a fact that says we are going to take in more money this fiscal year than we have ever taken in before,” Jenkins said.  “The budget this year, we will spend more money this year than we spent last year even if the sequester goes into effect.  We will spend more money even if the sequester goes into effect.”
So why is everyone whining and crying over such a very small amount of money?
If you want to get upset about something, why not get upset about things that are increasing our debt by trillions of dollars?
For example, according to a Government Accountability Office report that was just released, Obamacare is going to cause the federal debt to rise by $6.2 trillion.
Why aren’t more people getting upset over that?
Sadly, it is because America is a debt addict.  Most Americans don’t really care much when federal spending skyrockets out of control, but if anyone tries to slow down the spending a little bit they throw hissy fits.
And please don’t tell me that “the big government Republicans” are much better than “the big government Democrats” on budget issues.  The Republicans have caved in and have gone along with all of this wild spending every single time.
On March 27th, they will have another opportunity to do something.  That is when the current continuing resolution expires.
At that time, the Republicans could refuse to pass anything but a balanced budget.
Or they could at least refuse to pass anything except a budget that would cut the federal budget deficit in half.
But they won’t do anything once again.  They will cave in and go along with the status quo because they are cowards.
So we will continue to rip off future generations to fuel our current bloated standard of living.
Thomas Jefferson understood that government borrowing is theft from future generations.  He once made the following statement….
And I sincerely believe, with you, that banking establishments are more dangerous than standing armies; and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale.
Shame on you Democrats.
Shame on you Republicans.
Shame on you America.
You are destroying the future of America for your own selfish reasons.
If future generations get the chance, they will look back on what you did to them and they will curse you for it.
For much more on our exploding national debt, please see the following article: “55 Facts About The Debt And U.S. Government Finances That Every American Voter Should Know“.
Not that living within our means would be easy.
Like I said, it would mean a deep economic depression, and it would also likely mean a tremendous amount of societal chaos.
Even now, while we are still living in the boom times, things are really starting to get crazy out there.  Just check out what is going on in Oakland
Oakland’s crime problems have gotten so bad that some people aren’t even bothering to call the cops anymore; instead, they’re trying to solve and prevent crimes themselves.
KPIX 5 cameras caught up with a half dozen neighbors in East Oakland’s Arcadia Park neighborhood Monday as they walked the streets on the lookout for crime. The vigilance has never seemed more necessary than now; 25 homes in the neighborhood have been burglarized over the last two months alone.
In a neighborhood that has started to feel like the wild west, people have even started posting “wanted” signs.
“You have to walk around in your house with a gun to feel safe here,” said Alaska Tarvins of the Arcadia Park Board of Directors.
If this is how bad things are now, how bad will they be when a day of reckoning for our economy arrives?
And a day of reckoning is coming.
Our politicians can try to keep kicking the can down the road for as long as they can, but eventually time will run out.  Just take a look at what is happening in Greece and Spain.  Meanwhile, all of this can kicking is just making the eventual crisis even worse.
We can borrow our way to prosperity for a while, but in the end there is always a very bitter price to pay for doing so.
I would love to tell you that there is a chance that all of this will be turned around, but the truth is that all of this whining and crying about the sequester shows that America is doomed.
I hope that you are getting ready.

Wednesday, February 27, 2013

I Hope You’re Ready: “The Sell-Off Today Is The Start. Not the End.”

Mac Slavo
SHTFPlan.com
Feb 26, 2013

They’d have us believe that happy days are here again. And, if your only source of information for economic news is the mainstream media and their talking heads, then in all likelihood you’ve bought into the hype about an economy on the rebound, consumers being more confident, housing prices in recovery and a government that’s soon to resolve America’s fiscal woes.
Nothing could be further from the truth. We are very rapidly approaching a situation that could be much, much worse than what we experienced in 2008.
Remember, in 2008 then Secretary of the Treasury Hank Paulson warned that we were literally on the brink of collapse and Congressional representatives were told that the situation was so serious that should the economy, financial markets and the US dollar crash, it would lead to riots and the need for martial law.
We’re not making this up – see for yourself:
 


One non-mainstream economist who has been warning of the coming disaster since the last disaster is Market Ticker’s Karl Denninger. He uses something called basic mathematics (with a healthy mix of advanced analysis) to come to his conclusions, and prior to the massive collapse of October/November 2008, Denninger sounded the alarm when he spotted numerous data points, including central bank manipulation in credit markets, suggesting that a massive crash was coming.
Two weeks later markets around the world fell apart.
Over the last several years Denninger has continued to warn Americans about the fiscal crisis, unsustainable debt levels and wealth destruction.
The prescient analyst and commentator is once again sounding the alarm:
Bernanke’s machinations and other games “gave” the Congress four years to do the right thing.  They didn’t, because that same “gift” also destroyed all market signals of urgency.
As such you have people like Krugman and others claiming that it’s all ok and that we can spend with wild abandon, taking our fiscal medicine never.
They were wrong.  Congress was wrong.  The Republicans were wrong, the Democrats were wrong, and the Administration was wrong.
Congress is out of time; as I noted the deficit spending must stop now, irrespective of the fact that it will cause significant economic damage.
We will survive it if we do it now.

Time’s up; we either have serious people who will take serious actions right now or we’re going to find out what a real ”discontinuity” looks like.
I promise that you won’t like it.

The sell-off today is the start.  Not the end.
And it’s also the end of the rope for our Congress, if they don’t get off their butts, which I do not expect them to do.
Therefore, I hope you’re ready.
I bet you’re not.
Source: Market TickerMarket Ticker 2
If we were on the brink in 2008, and we spent the last five years injecting TRILLIONS of dollars into the system, why are we once again at the cusp of another crash?
Because they fixed nothing.
 
In fact, they made it worse.
Back in 1930 Americans thought they were out of the woods and that the economy and financial markets had recovered.
They were dancing, drinking and spending like nothing was wrong; as if the crash had been nothing more than a short-term blip.



Congress was being warned about the possibility of tanks in the streets in 2008. All of  the economic, financial and monetary policy measures implemented by the government and the Federal Reserve since then have failed.
Should we be worried?
The short answer is ‘Yes’.
This is going to happen. And this time people should be terrified of the consequences.
Most don’t even have a clue what’s coming.

Fed Faces Explaining Billion-Dollar Losses in QE Exit Stress

Craig Torres, Josh Zumbrun & Caroline Salas Gage
Bloomberg
February 26, 2013

Federal Reserve Chairman Ben S. Bernanke’s efforts to rescue the economy could result in more than a half trillion dollars of paper losses on the central bank’s books if interest rates rise abruptly from recent levels.
That sum is the difference between the value of securities in the Fed’s portfolio on Dec. 31 and what they may fetch in three years, according to data compiled by MSCI Inc. of New York for Bloomberg News. MSCI applied scenarios devised by the Fed itself for stress-testing the nation’s 19 largest banks.
MSCI sees the market value of Fed holdings shrinking by $547 billion over three years under an adverse scenario that includes an economic contraction and rising inflation. MSCI puts the Fed’s mark-to-market loss at less than half that, or $216 billion, if the economy performs in line with consensus forecasts of gradually rising growth, inflation and interest rates.

Read full article

Welfare State Burning News 2/27/13: Will Italy Be The Spark That Sets Off Financial Armageddon In Europe?

Michael Snyder
Economic Collapse
Feb 27, 2013

Is the financial collapse of Italy going to be the final blow that breaks the back of Europe financially?  Most people don’t realize this, but Italy is actually the third largest debtor in the entire world after the United States and Japan.  Italy currently has a debt to GDP ratio of more than 120 percent, and Italy has a bigger national debt than anyone else in Europe does.  That is why it is such a big deal that Italian voters have just overwhelmingly rejected austerity.  The political parties led by anti-austerity candidates Silvio Berlusconi and Beppe Grillo did far better than anticipated.  When you combine their totals, they got more than 50 percent of the vote.  Italian voters have seen what austerity has done to Greece and Spain and they want no part of it.  Unfortunately for Italian voters, it has been the promise of austerity that has kept the Italian financial system stable in recent months.  Now that Italian voters have clearly rejected austerity, investors are fearing that austerity programs all over Europe may start falling apart.  This is creating quite a bit of panic in European financial markets right now.  On Tuesday, Italian stocks had their worst day in 10 months, Italian bond yields rose by the most that we have seen in 19 months, and the stocks of the two largest banks in Italy both fell by more than 8 percent.  Italy is already experiencing its fourth recession since 2001, and unemployment has been steadily rising.  If Italy is now “ungovernable”, as many are saying, then what does that mean for the future of Italy?  Will Italy be the spark that sets off financial armageddon in Europe?
All of Europe was totally shocked by the election results in Italy.  As you can see from the following excerpt from a Bloomberg article, the vote was very divided and the anti-austerity parties did much better than had been projected…
The results showed pre-election favorite Pier Luigi Bersani won the lower house with 29.5 percent, less than a half a percentage point ahead of Silvio Berlusconi, the ex-premier fighting a tax-fraud conviction. Beppe Grillo, a former comedian, got 25.6 percent, while Monti scored 10.6 percent. Bersani and his allies got 31.6 percent of votes in the Senate, compared with 30.7 percent for Berlusconi and 23.79 percent for Grillo, according to final figures from the Interior Ministry.
So what do those election results mean for Italy and for the rest of Europe?
Right now, there is a lot of panic about those results.  There is fear that what just happened in Italy could result in a rejection of austerity all over Europe
“I think the election results (or lack thereof) are a negative for the euro, which will likely keep the currency pressured for some time,” Omer Esiner, chief market analyst for Commonwealth Foreign Exchange, told me. But it’s not just the political uncertainty in Italy, he adds. “The shocking gains made by anti-establishment parties in Italy signal a broad-based frustration with austerity among voters and a decisive rejection of the policies pushed by Germany in nations across the euro zone’s periphery. That theme revives unresolved debt crisis issues andcould threaten the continuity of reforms across other countries in the euro zone.”
And the financial markets have clearly interpreted the election results in Europe as a very bad sign.  Zero Hedge summarized some of the bad news out of Europe that we saw on Tuesday…
Swiss 2Y rates turned negative once again for the first time in a month; EURUSD relatively flatlined around 1.3050 (250 pips lower than pre-Italy);Europe’s VIX exploded to almost 26% (from under 19% yesterday); and 3-month EUR-USD basis swaps plunged to their most liquidity-demanding level since 12/28. Spain and Italy (and Portugal) were the most hurt in bonds today as 2Y Italian spreads broke back above 200bps (surging over 50bps casting doubt on OMT support) and 3Y Spain yields broke above 3% once again. The Italian equity market suffered its equal biggest drop in 6 months falling back to 10 week lows (and down 14% from its end-Jan highs). Italian bond yields (and spreads) smashed higher – the biggest jump in 19 months as BTP futures volume exploded in the last two days.
Not that things in Europe were going well before all this.
In fact, the UK was just stripped of its prized AAA credit rating.  That was huge news.
And check out some of the other things that have been going on in the rest of Europe
In Spain, a major real estate company, Reyal Urbis, collapsed last week, leaving already battered banks on the hook for millions of euros in losses. Meanwhile, the government faces a corruption scandal and a steady stream of anti-austerity demonstrations. Thousands of people took to the streets again on Saturday, protesting deep cuts to health and other services, as well as hefty bank bailouts.
Life is no better in a large swath of the broader EU. In Britain, Moody’s cited the continuing economic weakness and the resulting risks to the government’s tight fiscal policy for its rating cut. In Bulgaria, where the government fell last week and the economy is in a shambles, rightists who joined mass demonstrations across the country burned a European Union flag and waved anti-EU banners. Other austerity-minded governments in the EU face similar murky political futures.
At this point, Europe is a complete and total economic mess and things are rapidly getting worse.
And that is really bad news because Europe is already in the midst of a recession.  In fact, according to the BBC, the recession in the eurozone got even deeper during the fourth quarter of 2012…
The eurozone recession deepened in the final three months of 2012, official figures show.
The economy of the 17 nations in the euro shrank by 0.6% in the fourth quarter, which was worse than forecast.
It is the sharpest contraction since the beginning of 2009 and marks the first time the region failed to grow in any quarter during a calendar year.
But this is just the beginning.
The truth is that government debt is not even the greatest danger that Europe is facing.  In reality, a collapse of the European banking system is of much greater concern.
Why is that?
Well, how would you feel if you woke up someday and every penny that you had in the bank was gone?
In the U.S. we don’t have to worry about that so much because all deposits are insured by the FDIC, but in many European countries things work much differently.
For example, just check out what Graham Summers recently had to say about the banking system in Spain…
It’s a little known fact about the Spanish crisis is that when the Spanish Government merges troubled banks, it typically swaps out depositors’ savings forshares in the new bank.
So… when the newly formed bank goes bust, “poof” your savings are GONE. Not gone as in some Spanish version of the FDIC will eventually get you your money, but gone as in gone forever (see the above article for proof).
This is why Bankia’s collapse is so significant: in one move, former depositors at seven banks just lost virtually everything.
And this in a nutshell is Europe’s financial system today: a totally insolvent sewer of garbage debt, run by corrupt career politicians who have no clue how to fix it or their economies… and which results in a big fat ZERO for those who are nuts enough to invest in it.
Be warned. There are many many more Bankias coming to light in the coming months. So if you have not already taken steps to prepare for systemic failure, you NEED to do so NOW. We’re literally at most a few months, and very likely just a few weeks from Europe’s banks imploding, potentially taking down the financial system with them. Think I’m joking? The Fed is pumping hundreds of BILLIONS of dollars into EU banks right now trying to stop this from happening.
Like Graham Summers, I am extremely concerned about the European banking system.  Europe actually has a much larger banking system than the U.S. does, and if the European banking system implodes that is going to send huge shockwaves to the farthest corners of the globe.
But if you want to believe that the “experts” in Europe and in the United States have “everything under control”, then you might as well stop reading now.
After all, they are very highly educated and they know what they are doing, right?
But if you want to listen to some common sense, you might want to check out this very ominous warning from Karl Denninger
I hope you’re ready.
Congress has wasted the time it was given by the Europeans getting things “temporarily” under control.  But they didn’t actually get anything under control, as the Italian elections just showed.
Now, with the budget over there at risk of being abandoned, and fiscal restraint being abandoned (note: exactly what the US has been doing) the markets are recognizing exactly the risk that never in fact went away over the last couple of years.
It was hidden by lies, just as it has been hidden by lies here.
Bernanke’s machinations and other games “gave” the Congress four years to do the right thing.  They didn’t, because that same “gift” also destroyed all market signals of urgency.
As such you have people like Krugman and others claiming that it’s all ok and that we can spend with wild abandon, taking our fiscal medicine never.
They were wrong.  Congress was wrong.  The Republicans were wrong, the Democrats were wrong, and the Administration was wrong.
Congress is out of time; as I noted the deficit spending must stop now, irrespective of the fact that it will cause significant economic damage.
For the past couple of years, authorities in the U.S. and in Europe have been trying to delay the coming crisis by kicking the can down the road.
By doing so, they have been making the eventual collapse even worse.
And now time is running out.
I hope that you are ready.

Retired General Tells Biden: Military Can Help With Gun Control Agenda

Feinstein again promises to “press the case” for disarming Americans

Steve Watson
Infowars.com
Feb 27, 2013

Ahead of a Senate hearing on gun control today, Vice President Joe Biden met with retired military officials to thrash out a strategy to win over public approval for the implementation of strict anti-gun measures.
Retired general Stephen Xenakis told The Hill that he suggested to Biden that members of the military could help the White House move forward with its gun control agenda.
“The vice president understands that when it comes to communicating with credibility on guns, the two groups with the most credibility are law enforcement and military officials,” he said. “We have experience with both having weapons and using them responsibly, so we can get that message out.”
Xenakis said that military officials would be on hand to pitch gun control talking points to the public.
“He has a plan and he’s working with leaders in Congress to get it done.” Xenakis said of the Vice President.
Xenakis also appeared in a new “Demand a Plan” gun control advocating commercial this week, featuring several other retired army generals, put out by the Mayors Against Illegal Guns group, fronted by New York Mayor Michael Bloomberg.



Continue reading here: /http://www.infowars.com/retired-general-tells-biden-military-can-help-with-gun-control-agenda/

Eyewitness Says, "Yes, The Nazis Did Confiscate Our Guns".

Paul Joseph Watson
Prison Planet.com
February 27, 2013



Austrian citizen Kitty Werthmann, an eyewitness to Anschluss, Hitler’s annexation of Austria, confounds recent efforts by gun control advocates to re-write history, by re-affirming that the Nazis did indeed confiscate guns belonging to ordinary citizens.
“The only way we can prevent accidents and crimes is for you to turn-in your guns at the police station, and then we won’t have any crimes or any accidents. If you didn’t turn in your guns – capital punishment. So we turned in our guns.”

RELATED: Yes, Hitler & Stalin Did Take The Guns
RELATED: The Historical Connection Between Gun Control & Genocide

New York’s Seven Round Law Bans Most Firearms

Kurt Nimmo
Prison Planet.com
February 27, 2013

New York’s Secure Ammunition and Firearms Enforcement Act that passed in January will effectively outlaw most firearms in the state. The law mandates a seven round maximum capacity for ammunition magazines and there are currently no manufacturers producing seven round magazines. According to the Democrat and Chronicle, no manufacturer plans to start making them.
“There was never a need for a (seven-round magazine),” Paul Martin, owner of Pro-Gun Services in Victor, New York, told the Democrat and Chronicle. “Not many manufacturers are going to bother to make something just for the state of New York.”
The Democrat and Chronicle contacted a number of manufacturers to see if they plan to make seven round clips. Remington, Smith and Wesson, Pro Mag Industries and Brownells did not respond. Glock had no comment. Of the small number who responded, none gave a definitive answer.
“We will not be marketing anything specific to New York,” Karl Hoffman, an account executive for the magazine manufacturer Metalform told the Democrat and Chronicle.
“Can you realistically expect a company that’s huge to gear up and say, ‘Let’s make something for those poor suckers in New York because they’ve got a bad law?” said Fred Calcagno, owner of American Sportsman gun shop.
“That number, 7, was not arbitrary,” an NRA member posted on the Smith & Wesson forum. “They chose it because it was more than most revolvers hold, but fewer rounds than most semi-autos. They can now claim they aren’t restricting sportsmen or target shooters because they were magnanimous enough to allow guns that carry more than wheel guns… which aren’t evil military style weapons.”
“Add to that there are nearly zero seven round mags available for most handguns and rifles and you have a de facto to ban on hundreds of weapons not specifically addressed by the legislation.”
The NRA member is right — Cuomo and the gun-grabbers in New York did not simply pull the number seven out of a hat. They knew imposing this limit on clips would effectively outlaw a large number of firearms and create a new class of criminals.
“Perhaps that is the reason they passed this law – as a back-door method of instituting a sweeping ban on semiautomatic handguns,” Anna Rittgers wrote in January.
“The practical result will be the state prohibiting law abiding gun owners from using their handguns in self defense, as it will become illegal to use even the most common firearms. There is no ‘grandfather clause,’ so legal gun owners who comply with New York State’s existing ten round magazine limit will have to sell or dispose of thousands of those magazines within a year to comply with the new law. Those that fail to comply – who possess magazines that can hold eight or more bullets – will be guilty of a misdemeanor.”

VIDEO: Alex Jones Crazy News 2/27/13. Fmr. Press Sec. was Ordered to Lie About Active U.S. Drone Program




Rep. Goodlatte Blasts Obama for Releasing Illegal Alien Inmates to ‘Promote His Political Agenda on Sequestration’

Penny Starr
CNS News
Feb 27, 2013

House Judiciary Committee Bob Goodlatte (R-Va.) said Tuesday that the Obama administration’s decision to release from detention centers hundreds of illegal aliens is “abhorrent” and charged that the move is not only political but dangerous.
“It’s abhorrent that President Obama is releasing criminals into our communities to promote his political agenda on sequestration,” Goodlatte said in a statement. “By releasing criminal immigrants onto the streets, the administration is needlessly endangering American lives.
“It also undermines our efforts to come together with the administration and reform our nation’s immigration laws,” Goodlatte said. “Unfortunately, this administration has a poor record of enforcing our immigration laws and has routinely sought to undermine them.”
The U.S. Immigration and Customs Enforcement (ICE), which is in charge of the releases through the Department of Homeland Security, described the illegal aliens as “low priority.”

Full article here

Democrats complain about presence of debt clock on Capitol Hill

Alex Pappas
The Daily Caller
February 27, 2013

Some members of Congress apparently don’t like to be reminded about how much debt the country continues to rack up.
During a House Financial Services Committee hearing Tuesday on the budget, two Democrats complained after House Financial Services Committee chairman Jeb Hensarling instructed that two monitors in the hearing room display a real-time running national debt clock.
California Rep. Maxine Waters and Minnesota Rep. Keith Ellison both issued complaints about the displays, according to video of the hearing.
“Clearly it is a political prop designed to message ideologically,” Ellison said.

Full story here.

VIDEO: Biderman Blasts “Sequestration Bullshit” And The Government’s Big Lie

Zero Hedge
Feb 27, 2013

The sequestration bullshit is driving TrimTabs’ CEO Charles Biderman nuts – and rightly so. As we showed recently, the actual scale of the earth-shattering cuts, while not insignificant, are small and if the shills on TV preaching the end of the world from sequestration did the math they would see it is a mere 6% drop in non-entitlement government spending that is set to destroy the economy. Biderman exclaims, “what is apparent to me is that our government is becoming very good at the big lie,” as they exaggerate any and everything to their own needs. It is obvious, he adds, “that our government is deeply committed to not reducing the size of government, and is willing to outright lie,” but he saves the epic rant that we come to expect for Paul Krugman. Just as Irving Fisher’s infamous 1929 pre-crash call that equities have reached a permanently high plateau; Biderman suggests Krugman will be remembered as erroneously claiming that ‘deficits don’t matter’, as he reminds us of Emperor Caracella’s 268AD reign of insidious taxation and currency debasement that ended in 1000% inflation and the end of the Roman Empire. Well worth the price of admission…

Frankenfood News 2/27/13. Big Food Is Making Us Sick

Washington’s Blog
Feb 27, 2013

The Independent reports that small farmers are being challenged by food companies are becoming insanely concentrated:
Increasingly, a handful of multinationals are tightening their grip on the commodity markets, with potentially dramatic effects for consumers and food producers alike.
***
Three companies now account for more than 40 per cent of global coffee sales, eight companies control the supply of cocoa and chocolate, seven control 85 per cent of tea production, five account for 75 per cent of the world banana trade, and the largest six sugar traders account for about two-thirds of world trade, according to the new publication from the Fairtrade Foundation.
***
This is the year “to put the politics of food on the public agenda and find better solutions to the insanity of our broken food system”.
More people may be shopping ethically – sales of Fairtrade cocoa grew by more than 20 per cent last year to £153m – but, according to the report, the world’s food system is “dangerously out of control”.
How is that effecting the safety of our food supply? Reuters notes:
Multinational food, drink and alcohol companies are using strategies similar to those employed by the tobacco industry to undermine public health policies, health experts said on Tuesday.
In an international analysis of involvement by so-called “unhealthy commodity” companies in health policy-making, researchers from Australia, Britain, Brazil and elsewhere said … that through the aggressive marketing of ultra-processed food and drink, multinational companies were now major drivers of the world’s growing epidemic of chronic diseases such as heart disease, cancer and diabetes.
Writing in The Lancet medical journal, the researchers cited industry documents they said revealed how companies seek to shape health legislation and avoid regulation.
This is done by “building financial and institutional relations” with health professionals, non-governmental organizations and health agencies, distorting research findings, and lobbying politicians to oppose health reforms, they said.
They cited analysis of published research which found systematic bias from industry funding: articles sponsored exclusively by food and drinks companies were between four and eight times more likely to have conclusions that favored the companies than those not sponsored by them.
How are giant food manufacturers trying to influence legislation?
As Waking Times reports, they’re trying to gag all reporting:
States are adopting laws meant to keep consumers in the dark about where their food comes from.
Do you have a right to know where that steak on your plate came from?
Should it be legal to photograph chicken farms and dairy cows?
Big Agriculture says you don’t and it shouldn’t. Armies of Big Ag lobbyists are pushing for new state-level laws across the country to keep us all in the dark. Less restrictive versions have been law in some states since the 1980s, but the meat industry has ratcheted up a radical new campaign.
This wave of “ag-gag” bills would criminalize whistleblowers, investigators, and journalists who expose animal welfare abuses at factory farms and slaughterhouses. Ten states considered “ag-gag” bills last year, and Iowa, Missouri, and Utah approved them. Even more are soon to follow.
Had these laws been in force, the Humane Society might have been prosecuted for documenting repeated animal welfare and food safety violations at Hallmark/Westland, formerly the second-largest supplier of beef to the National School Lunch Program. Cows too sick to walk were being slaughtered and that meat was shipped to our schools, endangering our kids. The investigation led to the largest meat recall in U.S. history.
***
Big Ag wants to silence whistleblowers rather than clean up its act. Ag-gag bills are now pending in PennsylvaniaArkansasIndianaNebraska, and New Hampshire. Similar legislation may crop up in North Carolina and Minnesota.
The bills aren’t identical, but they share common language — sometimes even word-for-word. Some criminalize anyone who even “records an image or sound” from a factory farm. Others mandate that witnesses report abuses within a few hours, which would make it impossible for whistleblowers to secure advice and protection, or for them to document a pattern of abuses.
Indiana’s version of this cookie-cutter legislation ominously begins with the statement that farmers have the right to “engage in agricultural operations free from the threat of terrorism and interference from unauthorized third persons.” [The Feds are treating people who expose abuse in factory farms as potential terrorists … and the states want the same power.]
Yet these bills aren’t about violence or terrorism. They’re about truth-telling that’s bad for branding. For these corporations, a “terrorist” is anyone who threatens their profits by exposing inhumane practices that jeopardize consumer health.
***
Ag-gag bills aren’t about silencing journalists and whistleblowers. They’re about curbing consumer access to information at a time when more and more Americans want to know where our food comes from and how it’s produced.
The problem for corporations is that when people have information, they act on it. During a recent ag-gag hearing in Indiana, one of the nation’s largest egg producers told lawmakers about a recent investigation. After an undercover video was posted online, 50 customers quickly called and stopped buying their eggs. An informed public is the biggest threat to business as usual.
An informed public is also the biggest threat to these ag-gag bills. In Wyoming, one of the bills has already failed. According to sponsors, it was abandoned in part because of negative publicity. By shining a light on these attempts, we can make sure that the rest fail as well, while protecting the right of consumers to know what they’re buying.
So what – exactly – are the giant food corporations trying to hide?
They are fraudulently substituting cheaper – less healthy – food for high-quality food.   And see this.
Indeed, the dairy industry wants to add sweeteners – such as aspartame – to milk without any labeling.
Food fraud is rampant .. including huge proportions of fish.
The bottom line is that collusion between government and big business is dishing up cheap, unhealthy food … just like collusion between D.C. and giant corporations caused the financial crisis, the Fukushima nuclear meltdown, the Gulf oil spill and other major disasters (and see this; and take a peek at number 9).
For example, the FDA:
  • Declared fish from Fukushima a-okay after radiation spewed into the ocean
The Department of Agriculture:
An official U.S. government report finds that Americans ‘are sicker and die younger’ than people in other wealthy nations.  There are a number of factors making us sick … but unhealthy, cheap food is part of it.
One solution: buy from local farmers and ranchers … or grow your own as much as possible.