Secret Banking Cabal Emerges From AIG Shadows- Bloomberg News

[SpasticGramps]

Jon Stewart explains how Ben Bernanke is robbing us blind......

This video was in response Overlord Bernanke's 60 Minute speech the other night as he defended his Keynesian voodoo economics theory.

So does anyone really still believe anything this clown says anymore? I mean seriously? Is it healthy to believe compulsive liars?

HERE is another good video made by Christopher Greene, a stock analyzer who use to work for JPMorgran Chase.

Pay close attention to Ben Bernanke's lip in the video. His is quivering and shaking in his boots as he lies through his teeth. Remember this is the same asshole who said the sub-prime mortgage collapse was contained before everything imploded and didn't see it coming while many others did. This the same asshole who has lied under oath more than once. He is the leader of the lemmings.

Chris is also a contributor on ZeroHedge. For anyone who doesn't know what ZeroHedge is it's a financial blog that attracts professional investors, hedge fund traders, and academics who are intent on exposing the fraud and corruption that Wall Street has become. The website master and his cohorts are all ex hedge fund operators and financial writers. In other words these are the people that really know how our markets really work and exposing the truth.

Here is an article about ZeroHedge.
The Rising Power of the Financial Blog ZeroHedge.

 

[ibjamming]

PM's Bitchez!

 

[SpasticGramps]

I'm stocking up.

A couple good quotes.......

“At this juncture... the impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.” — Ben Bernanke, March 28, 2007

“We will not have any more crashes in our time.” — John Maynard Keynes, 1927

The hubris and idiocy (or nefariousness) of the elites in full form here. To think man can control markets and economies is the height of human arrogance. Markets will always control markets in the end.

The Bond vigilantes are starting to take notice that we are bankrupt. Bernanke is beginning to lose control of the situation IMO. When he loses control of the interest rates he's going to be in serious poo poo.

10 Year Note

10s30s

Mortgage Rates Go Parabolic

 

[SilverSurfer_OG]

Ooo you and your blogs!! I want real govt..corporate sanctioned and financed reality you poopy poo!

Did you check out Ben Fulford? Its a shame he is now asking for payment to read his anylisis but i guess he has to earn a crust. You can still read the overview to his weekly comment which is enlightening for only being a couple of paragraphs.

His video with David Rockafeller is classic! Very pertinant to this subject from an Asian angle:

http://www.youtube.com/watch?v=Uu6dWGfOy2k

 

[SilverSurfer_OG]

12/20/2010
An open letter to Representative Ron Paul from Benjamin Fulford

Dear Representative Paul,

My name is Benjamin Fulford. I am a spokesperson for the Black, White and Golden Dragon societies as well as for the Red and the Green. These ancient secret societies have a global command structure, partially visible in your local martial arts societies, that is capable of mobilizing a 100 million person army on very short notice in case of an emergency. These ancient societies have gone from dormant to semi-active mode because through the successful wiretapping of meetings of your elite, they have learned of plans to start World War 3, kill at least 4 billion people and destroy much of the Northern hemisphere. You may confirm with your Pentagon or CIA sources that this is all very real.

The reason we are writing an open letter to you is to explain why the Federal Reserve -Board needs to be abolished and the global financial architecture needs to be revamped.

The United States government is bankrupt and has been kept running along these past decades by the goodwill of the peoples of the planet. That good will is running out.

Your financial elite have proposed either devaluing the US dollar or carrying out a hidden devaluation by replacing it with a new currency called the Amero. Both proposals have been rejected. The reason is that by far most US dollars ever created are no longer owned by Americans. Many, often poor, people would suffer enormously if these dollars suddenly lost half of their value.

Our groups have proposed an alternative plan. We have offered to pay back all US debt owed to China by returning gold that was stolen from there during the 20th century. In addition, we plan write off US debt to the rest of the world by taking the US dollars owned by non-Americans, backing them with gold and putting them under the control of a new international meritocratic organization. This organization would never create any fiat currency but merely act as a neutral clearing house for governments, corporations and plutocrats.

The newly debtless United States government would then be free to issue its own government controlled currency. Such a currency would have a lower international purchasing power than the US dollar now has. The result will be that Chinese goods will become more expensive for Americans while US exports will regain their competitiveness. This will allow the US to rebuild its real economy.

However, as the history of the yen and the Plaza Accord show, devaluation alone will not solve the US’s chronic external deficit problem. The US deficit is also a structural problem caused by the fact that the military industrial complex does not produce trade-able goods.

Pentagon officials have also made it clear to us they would rather start a war than end up like Soviet era generals who suddenly found themselves driving taxis.

We therefore propose that the peoples of the world finance a gradual swords-to-plowshares transition of the military industrial complex. According to the American Association of Scientists, over 6,000 patents have been suppressed for “national security reasons.” We believe an expert review of those patents would unearth a high-tech bonanza for the American people and the US economy that would help ease this transition.

We are also proposing the creation of a global economic planning agency. This agency would be run by the motto “we stand between desires and reality.” The organization would try to surpass the sorry records of the World Bank and the IMF by carrying out an intensive campaign to end poverty, stop environmental destruction and set humanity on the course for exponential expansion into the future. There would be no burden placed on the American people and no threat to US sovereignty posed by this organization. Rather it should provide vast new opportunities for American individuals and corporations.

Finally, although this is purely an American domestic issue, we strongly recommend that you confiscate the funds stolen from the American people this past century by amoral, criminal financiers and return them to their rightful owners. Vladimir Putin was able to quintuple Russian living standards when he did a similar thing in Russia.

The final point we wish to make is that the peoples of the world desire peace. The desperate criminal cabal behind the Federal Reserve Board still wields enormous power and is still trying to start World War 3. We would like to request the help of the American peoples in ending this perverse threat to humanity and the planet.

Sincerely yours,

Benjamin Fulford

PS: If you would like the hear more, contact me through the US embassy in Tokyo.

 

[SpasticGramps]

Looks like the banks are setting up to buy out France and Belgium's sovereignty too.

Moody's Threatens France, Belgium With Rating Cut
Countries' debt ratio is too high says Moody's

France could become the latest victim of Europe's debt crisis as Moody's threatened to downgrade the country's credit rating, Bloomberg reported Monday. France is currently rated as AAA.
Bloomberg noted that in August, Moody's said France would be one of the countries that would retain its top credit rating as other nations attempt to cut their deficits.

Portugal and Spain are on the chopping block first, but the contagion is obviously spreading. Anyone who doesn't think it will come to the US is in for a rude awakening. Our fiscal sheet is worse than Greece's. We can print money to cover it up for a while, but that charade can only last so long. How long? Who knows?

The problem is as our bonds become junk our borrowing cost will increase because interest rates increase with riskier bond investments. This has already started. The Bond Vigilantes are taking notice. Try as he might Bernanke can only keep interest rates at unrealistic values for so long. The market is determined by real economics. The Keynesian endpoint is, IMO, defined when a country can longer service it's debt with it's revenue. We are approaching this point.

 

[turbolaser4528]

We still have plenty of time.

Who knows, with alternative energy advances, we may all be living off the grid very soon, and have no use for monetary currency.


Or it'll be Armageddon, once Israel gets invaded, then ill really worry (Bible Prophecy)


Mine as well enjoy every day, live it up, never fear, and things may turn around you never know !

 

[darkhorse]

Benjamin Fulford is a coke head, watch the interview with him
and the other headbanger Leo zagami and you will see what i mean.

 

[SpasticGramps]

We still have plenty of time.

Who knows, with alternative energy advances, we may all be living off the grid very soon, and have no use for monetary currency.

I agree that there is time. Years maybe. Who knows. Unfortunately, unsustainable systems by definition have an end game. Everyone seems comfortable enough to ignore it until we drive off the cliff though. It's really no sweat off my back. I enjoy everyday.

About having no use for monetary policy. I mean come on. Think about the ramifications of that for a little bit. Maybe so, but it would certainly mean the end of modern society.

 

[SilverSurfer_OG]

Benjamin Fulford is a coke head, watch the interview with him
and the other headbanger Leo zagami and you will see what i mean.

I agree that Leo looks (and cartainly sounds it) like hes full of it but Benny might just be the real deal, coke head or not. Although that could explain his far reaching conclusions. He sure isnt dumb learning japanese as an adult. The truth will appear crazy. I am sure of it... doesnt make understanding it all any easier.

Ben does look kinda pissed at Leo in their video interview at some points. Mostly when he says illuminati...

Like someone else said the train has already crashed.

 

[TruthOrLie]

they're gonna put your whole life on an ipod. better hope no one steals your ipod. might as well just have it placed in your wrist. but if you lose your hand? might as well just have it placed in your skull.

should solve all your problems

 

[darkhorse]

I agree that Leo looks (and cartainly sounds it) like hes full of it but Benny might just be the real deal, coke head or not. Although that could explain his far reaching conclusions. He sure isnt dumb learning japanese as an adult. The truth will appear crazy. I am sure of it... doesnt make understanding it all any easier.

Ben does look kinda pissed at Leo in their video interview at some points. Mostly when he says illuminati...

Like someone else said the train has already crashed.

i agree the two of them are not dumb but the more i look into
all this kind of stuff im gravitating more and more to the biblical view,its like Bill Cooper said either there are people trying
to make things come to pass that are in the bible or the bible
actualy is true.

i also agree that understanding it all is very difficult.

 

[SpasticGramps]

From the Financial Times
Global food prices hit record high

Food prices hit a record high last month, surpassing the levels seen during the 2007-08 crisis, the UN’s Food and Agricultural Organization said on Wednesday.

The Rome-based organization said the increase did not constitute a crisis. But Abdolreza Abbassian, senior economist at the FAO, acknowledged that the situation was “alarming”. He added: “It will be foolish to assume this is the peak.”

The jump will increase fears about the repetition of the crisis of 2007-2008. However, poor countries have not so far seen the wave of food riots that rocked countries such as Haiti and Bangladesh two years ago, when prices of agricultural commodities jumped.

The increase in food costs will also hit developed economies, with companies from McDonald's to Kraft raising retail prices.

Higher food prices are also boosting overall inflation, which is above the preferred targets of central banks in Europe.

The FAO said its food price index, a basket tracking the wholesale cost of commodities such as wheat, corn, rice, oilseeds, dairy products, sugar and meats, jumped last month of 214.7 points – up almost 4.2 per cent from November.

The FAO food index is at its highest since the measure was first calculated in 1990. During the 2007-08 food crisis, the index reached a peak of 213.5 in June 2008.

And it gets better.

However, the cost of the other critical staple, wheat, is now rising fast on the back of poor harvests.

“This is a high prices situation,” said Mr Abbassian, although he pointed to the fact the costs of cereals – and particularly rice – were below the peaks set in 2007-08. “Rice and wheat are, from a global food security perspective, the critical agricultural commodities, not sugar, oilseeds or meat,” he said.

The increasing costs of sugar, whose price recently hit a 30-year high, oilseeds and meat are the main reason behind the rise in the FAO food index.

The rise of commodity prices makes it likely that the global food import bill will hit a record high in 2011, after topping $1,000bn last year for only the second time. In November, the FAO raised its 2010 forecast to $1,026bn, up almost 15 per cent from 2009 and within a whisker of a record high of $1,031bn set in 2008 during the food crisis.

Agricultural commodities prices have surged following a series of crop failures caused by bad weather. The situation was aggravated when top producers such as Russia and Ukraine imposed export restrictions, prompting importers in the Middle East and North Africa to hoard supplies.

Between the bad weather and printing money (inflation) these prices will continue to rise along with oil and other commodities. Printing money = inflation. But, not to worry, move along, nothing to see here, the CPI index is still too low. Never mind that the CPI doesn't include energy and food costs. Who needs that stuff.

Print away, print away indeed Uncle Benny.

In case you were wondering if he was going to stop.

Fed May Keep Easing at `Full Throttle' Until Jobless Rate Falls Bloomberg

Federal Reserve officials signaled they’ll probably push ahead with unprecedented stimulus until the recovery strengthens and many of the 15 million unemployed Americans find work.

QE1 didn't work. QE2 didn't work. But, I promise QE3 is going to do the trick. Ok, ok, maybe QE4. If not AT LEAST QE5 will do it.

I do not believe that history is going to be kind to us. Learning that printing money does not equal jobs is going to be a painful lesson.

 

[Ca$h]

food should be cheaper period.

Have you seen this yet gramps? kinda good news

http://www.marketwatch.com/story/banks-fall-on-mass-foreclosure-ruling-2011-01-07

 

[SpasticGramps]

food should be cheaper period.

Have you seen this yet gramps? kinda good news

http://www.marketwatch.com/story/banks-fall-on-mass-foreclosure-ruling-2011-01-07

Yes. I did see that. That's great news. The banks should have to eat their toxic debt. I still have a thread of faith in the law. These lawsuits prove just what a ponzi scheme the MBS and secularization process is. More of this would be a good thing.

Here is an article relating to QE and inflation.

The incredible shrinking dollar MarketWatch

Commentary: Spending power erodes, and Fed may do more damage

PORT WASHINGTON, N.Y. (MarketWatch) — Guess what? Your pocket has been picked.
I don’t mean your wallet, or even its contents. What I am referring to is the buying power of the money it contains.
The consumer price index (CPI) tells the story. As you know, it measures the change in prices of a fixed basket of goods and services that the typical household supposedly purchases every month.
The recent trend of the CPI does not reveal much to worry about. In 2010, consumer prices rose a relatively benign 1.5%.
However, there is more to this story. For one thing, prices in the month of December alone rose a whopping 0.5%. That was the biggest monthly rise since June 2009.

And as they say in show business, “you ain’t seen nothing yet.” The modern-day Fed has injected gobs of liquidity into the markets, which will turn into cash once the banks start lending.
This will mean far more money in circulation than goods and services. This is a recipe for a new round of inflation if I ever saw one.
Since wages are no longer indexed to inflation, rising prices will hurt people’s buying power, thus depressing consumer spending — the last thing this economy needs.

 

[mocs0]

In other news, what was laughed away by most for years as "mad conspiracy theory" has now proven to be true. The banks manipulate the price of silver and gold to maintain the illusion of monetary stability.

I suppose that's why it's so hard for most people to believe in the wrongdoings of the elite. They are denied while it's happening, they don't get punished after it's proven, a good percentage of the time it can't be proven until they are already dead, and even then the people rarely hear about it.

"Corrupt billionaire boy's club? BS! Prove it!"

The first Great Depression was consolidation #1 for the Banking Cabal. This Depression will be consolidation #2. The dismantling of the middle class is a prerequisite for the imposition of tyranny. In our case it is tyranny of the rich. We will go down as the greatest Plutocracy in world history.

These bankers aren't fools. They know exactly what they are doing. I watched Inside Job over the weekend. If anyone has doubts that this isn't destruction by design, that movie will clear it up.

^^^^^^^Deserves to be read twice.

Yeah, if the average person is cold, hungry, and naked, they'll be too busy to pay attention to the other horrible things these psychos in power have planned, and the "solutions" designed by the same people who designed the problem will look pretty sweet.

Just like to say, prison planet is a commercial endevour. Although it has some good articles, the site/alex jones is geared toward a profit

Profit isn't necessarily evil, but yes it's good practice to question everybody, whether you agree with them 0% or 100%. If more people profited from trying to do positive things like wake up people, we wouldn't be in the mess we are in now.

He also encourages his prison planet customers to burn his DVDs and distribute them to their loved ones. infowars.com is free and so is his daily podcast on itunes. True, his talks show has what seems like an hour or more of commercials, but at least they are commercials for solutions like water filters and non-gmo seeds and not commercials for problems like bank scams and reality shows.

Some of Alex's emotionally-charged ideas may seem far-fetched, but he usually backs up what he says with "credible" sources (is anything credible anymore?) like gov't documents and MSM reports.

The elite aren't afraid to tell you their agenda, the MSM is how they communicate with each other, not necessarily how they communicate to you and me. Alex is just a vessel for putting two and two together. But like I said, question what he says just like you would anybody else. Alex himself admits everybody has an agenda, including him.

Anyone still paying their mortgage? If so, why?

I assume to get out of debt and sleep a little safer at night, both good things if you can accomplish them.

we are completely fucked economically,educationally, and in a societal sense.

And none of it, not a god damn thing is going to change until the people get so frustrated and are so fucked that they start rising up. It's not going to happen until they realize that "free speech zones," letters to the editor, petitions, and any kind of peaceful protest doesn't do a fucking thing in this world.

You have a right to be angry, and I applaud your passion.

Define "rising up". If you mean violence, they are prepared for martial law. Game over. They win.

This is not that kind of war. This is a psychological war and the way they win is by keeping us dumb. You're right. We're fucked, educationally. By design. So we win by educating ourselves and our loved ones and even the people we can't stand. Don't drop out of school, don't stop watching the mass media, don't stop voting, but watch it all with a critical eye and let them know you're not falling for their crap. Know what few rights you still have and exercise them while you still have a chance.

We're fucked economically. Vote with your dollars. They'll eventually realize we are not falling for their mess.

Sure, buy a house in the middle of nowhere with seeds, food, and guns. But don't hide there and wait, because they will find an excuse (again, martial law) to round people up into the major cities (or camps somewhere) eventually, making them easier to control. If we can focus on the well-documented conspiracy facts instead of the conspiracy theories, we win.

The only two options are to default on the debt by a sovereign write down and cause a deflationary collapse, which is what Greece will have to do or monetize all your debt and cause a hyperinflationary collapse of the currency which is what Japan will probably do because they have a central bank that can print worthless paper.

Do you have a link to a good definition of sovereign write down? I'm sure there's more than one definition, some conflicting.

It seems as though at this point in time, the best strategy is open discussion on these matters. We can educate ourselves, as well as our friends and family. The rest will fall into place, but education is the first (and biggest) step.

The magnitude of the implications of such concepts should not impede discussion, as it has for years and years. I see that trend changing everyday.

Exactly

 

[SilverSurfer_OG]

We need some game changers...

How about some cold fusion?

http://www.abovetopsecret.com/forum/thread651819/pg1

Now this may prove to be bullshit but its tech like this that could dig us out of the current paradigm. The Italians are very good at making stuff.

 

[ganjasuiteseat]

danm tag gotta read this shit again

 

[Greensub]

Ooo you and your blogs!! I want real govt..corporate sanctioned and financed reality you poopy poo!

Did you check out Ben Fulford? Its a shame he is now asking for payment to read his anylisis but i guess he has to earn a crust. You can still read the overview to his weekly comment which is enlightening for only being a couple of paragraphs.

His video with David Rockafeller is classic! Very pertinant to this subject from an Asian angle:

http://www.youtube.com/watch?v=Uu6dWGfOy2k

Hey did you see the thing where he had an "alien" symbiont removed from his spine?

http://benjaminfulford.typepad.com/.a/6a00d8341c647c53ef010536f11a67970c-pi

Funny stuff...

On January 22, 2009 I had major spinal surgery. Doctors created a 13 centimeter opening in my spine to remove a 8.3 centimer tumor. The hospital where I had the operation has done thousands of such procedures but this is the first time they have encountered a tumour like mine. After a 7-hour operation I woke groggily to only to have the doctor show me the tumour he had removed. The first thing I thought was that it looked like an alien so I took a picture of it with my cell phone camera. It looks to me either like an alien or some kind of amphibian. It has what appear to be eyes, a mouth and even a clearly defined tail. Perhaps it might even be a sort of fetus that arose from a stem cell on my nervous chord. The tumour has been taken for tests and results can be expected in about 10 days.
In any case, I am feeling well enough to update my blog one day after the operation. On January 26th the year of the Bull begins and I expect to charge forward with all my strength to protect the weak against the bullies of this world.

 

[Greensub]

We need some game changers...

How about some cold fusion?

http://www.abovetopsecret.com/forum/thread651819/pg1

Now this may prove to be bullshit but its tech like this that could dig us out of the current paradigm. The Italians are very good at making stuff.

Unfortunately it looks like BS... I read around about it and the scientific part doesn't seem to add up... here's one guy's comment... not that I understand it.

Well... I smell a rat, unfortunately.

FIRST, the rapidly technology "turned off" when the hydrogen supply was cut. Anyone else catch the slip? If the reaction is hydrogen-atomic consolidation with nickel nuclei, and it is presupposed that upon entering the metallic-valence sea of electrons, the 1H protons are both shielded and able to tunnel past the pretty substantial coulomb barrier of the 58Ni nuclei then ... turning "off the hydrogen" should not quench the reaction for minutes, or hours. Either the hydrogen is being consumed (burned, chemical heat, making the "steam'), or the nickel reactant is at such an elevated temperature (1000ºK ?) that hydrogen's surface absorption is only measured in half-life seconds (instead of the usual hours at 373ºK / 100ºC). So, there could be an explanation for the rapid turn off.

SECOND, I'm having serious doubts regarding the gamma-ray measurement. Rising 50% above background levels is completely inconsistent with the 6,000 watt (proposed) output. Back-calculating the earlier work I did, there should be roughly 2e14 to 3e16 gamma rays per second for the power level achieved. 50% is nothing. The meter should have been pegged.

THIRD (but not mentioned, so this is a surmise), elevated gamma output should have remained for many minutes (essentially 3-4 hours, in a classic half-life decaying curve, with an initial short half-life spike). But there was no mention of this.

FOURTH were they condensing the water-vapor into a vessel for weighing? The heat-of-vaporization of water is very well known, and a very useful proxy for figuring out thermal-energy production rates. It isn't (unfortunately) a very quick responder to thermal-generator fluctuations, but at least when a final quantity has been condensed and measured, the conversion to joules, calories, kilowatt-hours is straight forward.

FIFTH the picograms per kilowatt is (by my calcs) way off. WAY off - by a lot! I estimated that 10,000 watts for 1 hour (36 MJ) would consume some 17 milligrams of nickel. (hey, it would be a good result - I'm not complaining). Assuming that the researcher is talking about "grams per second", then its easy to convert:

17,000 µg × (6,000 / 10,000) watts × (1 / 3600) hour =2.8 µg per second

Not picograms, in any way, shape or form. More like 2,800,000 pg/sec ...

SO THEREFORE I AM LEAD TO BELIEVE that the researcher is deluded, that his collaborative senior professor is also deluded, and that they're somehow on a far limb that is not nuclear.

Sorry goats. I'm expecting more from all this.

PS: (and this is almost amusing) - if the nuclear reaction was really kicking out kilowatts of nuclear energy, the gamma ray flux would be essentially lethal at table-top distances. 1 Sievert (100 REM) is 1.0 J/kg. In an isotropic gamma radiation field (dominated by 511 keV and 720 keV positron annihilation and k-shell electron capture or nuclear rearrangement photons), at a rate of over (pessimistically) 2,000 joules/second of emission to achieve their claimed 6,000± watt output (and allowing for their fantasy of significantly lowered gamma output due to some atomic nuclei rebounding effect!) ... at tabletop distances (2 meters) the gamma flux would be over (... hmmm 4πr², r=2, surface area of sphere of radius 2 m is about 50 m², 2000 joules / 50 = 40 joules per square meter. Human frontal area is about 1 m², 511 keV absorption is about 80% in body... so, if the espresso quaffers weigh in at 165 pounds (75 kg), then their whole-body absorption would be 0.4 Sv/sec. To put that in perspective, 1 Sv rapid exposure leads to nausea. 3 Sv is the LD50 (50% of people die) level, and no one has survived over 10 Sv. )

So ... unless they have a LOT of lead in that tin-foil masked reaction container (which of course, physically they simply cannot have), if it were nuclear and generating all these kilowatts, then this would be one hell of a dangerous desktop demo. Kind of like the sieverts that were absorbed by the poor researcher who dropped a tungsten block onto a sub-critical-mass sphere of plutonium in the 1950s, only to have it go critical and irradiate everyone in a matter of seconds with a lethal dose of neutrons and gamma radiation.

If it was nuclear and not particularly well shielded - I'd not want to be in the same BUILDING as the thing.

Put that in your pipe and smoke it.

http://nextbigfuture.com/2011/01/focardi-and-rossi-lenr-cold-fusion-demo.html

He makes a lot of good points...

Supposedly the first units are supposed to be ready in 3 months (LOL) I'll guess we'll find out if it really works soon enough.