Archive for June, 2012

Lords of Finance: The Bankers Who Broke the World

via: JessesCrossRoadsCafe
June 30, 2012

Liaquat Ahamed, author of Lords of Finance, The Bankers Who Broke the World, discusses the parallels between the Great Depression and the Financial Crisis of today at The American Academy of Berlin.

I concur heartily with Mr. Ahamed on the primary causes of the bubble and collapse, especially with regard to the enormous policy errors of the Greenspan Fed.

But I always find it annoying that the conscious, widespread fraud that was promoted by Wall Street, both in 1929 and in the most recent crisis, is rarely discussed as the major corrupting influence that distorted both economic and monetary policy and the real economy.

I cannot speak to the 1920s, but there is little doubt in my mind that there was a concerted effort to game and corrupt the financial system that gained a major momentum in the 1990s, and that culminated in the financial collapse and economic malaise and instability that is plaguing the world today.

Continue Reading At:  JessesCrossRoadsCafe.blogspot.com

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Greg Mannarino – The Game Is Rigged Part I & II

via: AltInvestorsHangOut
June 30, 2012

In this podcast:

(1) I discuss how Greg believes that our financial markets are rigged just as the casino games in Vegas.

(2) We discuss Greg’s book in detail and illustrate how the government is in bed with businesses.

(3) We talk about the brainwashing/propaganda preventing people from understanding the financial crisis.

(4) We discuss whether China will be the world’s reserve currency


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Power grid goes down for millions of Americans as Mother Nature reminds us all to get prepared

via: NaturalNews
Saturday, June 30, 2012
by: Mike Adams
Editor of NaturalNews.com

[NaturalNews] Mother Nature has a way of interrupting our lives with not-so-subtle reminders to pay attention to reality. Over the last 48 hours, a blistering heat wave has swept across nine U.S. states, causing the power grid to fail for millions of residents. Virginia Governor Bob McDonnell has declared a state of emergency.

“Millions of people across nine states were reeling without power Saturday to deal with thermostat-popping temperatures after fierce thunderstorms pounded parts of the Midwest and Atlantic Seaboard,” reports CNN (http://www.cnn.com/2012/06/30/us/extreme-heat/index.html).

“In storm-affected areas, many people had no electricity to run fans, air-conditioning and refrigerators. Even in places where power was not disrupted, people with no air-conditioning were advised to spend the day in a library or a cooling center to avoid heat exhaustion.”

At the same time, a crushing, violent storm swept through Washington D.C., killing at least 10 more people and bringing down the power grid to millions more. “More than 3 million are without power — and without air conditioning — as crews work to clear downed tree limbs and restore electricity,” reports CBS News. (http://washington.cbslocal.com/2012/06/30/eastern-u-s-storms-leave-5-…)

“Power outages were reported from Indiana to New Jersey, with the bulk of the service interruptions concentrated in the Mid-Atlantic region. Earlier Friday, the nation’s capital reached 104 degrees — topping a record of 101 set in 1934.”

Mother Nature’s way of reminding us all to live in a state of ongoing preparedness

These events are often called “natural disasters,” but that’s a misnomer. These aren’t disasters except for the fact that so many humans depend on the power grid for their very survival. Nature has, for millions of years, functioned just fine with forest fires, earthquakes, tsunamis, hurricanes and violent storms. It is only modern human civilization — and its remarkably fragile state of existence — that has turned such events into “disasters.”

The disasters, therefore, are really man-made disasters, not “natural” disasters. If you stand in the path of a two-ton boulder rolling downhill, it’s sort of juvenile to blame the boulder for whatever transpires…

Regardless of what you call them, these disasters are made far worse by the reality that most people refuse to prepare for the unexpected. These are what I call the “unprepared masses” who gamble with their lives, placing bets on the power grid, 911 emergency response, the water system, the food supply and all the other systems that (barely) keep them alive from day to day. They are inadvertent gamblers with their own lives. It’s not that they intend to be huge risk-takers; it’s just that they don’t take steps to avoid risk and shore up their protections against the unexpected.

Three reasons why people don’t prepare

There are essentially three reasons why people don’t prepare against the unexpected. They are:

1) The dumbed-down masses. These people, who represent the great masses across the USA and elsewhere around the world, simply lack the intelligence or the desire to think ahead. They tend to be poorly educated (because investing in an education requires planning), poorly informed and live paycheck to paycheck. Their vision of reality is extremely narrow — often extending no further than their next meal or two.

2) The “think positive” people. These people believe that acknowledging risk will cause it to come true. They believe that “staying positive” will physically alter the world into a state that somehow averts disaster for them. The best way to avoid negative things from happening, these people believe, is to refrain from acknowledging their existence. There’s nothing wrong with being a positive person per se, but to do so in denial of a legitimate crisis is delusional and often destructive.

Reality has a way of bluntly reminding these people that they are not actually gods who can alter the physical universe. Mother Nature and her earthquakes, storms, tsunamis and heat waves have no concern whatsoever for whether individual humans think positive, negative or not at all. Interestingly, by the way, even the “think positive” crowd still wears seatbelts when they drive their cars, which is technically a contradiction of their own beliefs. Why not just drive down the highway without a seatbelt and “be positive?”

3) The procrastinators. These folks are often well-intentioned individuals who understand the importance of preparedness but nevertheless find their day-to-day lives too demanding to set aside the time (or money) to actually get prepared. To some extent, I’m guilty of this myself, and I’m sure this rings a bell with many NaturalNews readers. For some of us, lack of preparedness is a TIME issue, and for others it’s a MONEY issue, but we at least universally recognize that we are all, to some extent, behind schedule on getting fully prepared.

My rough estimate is that 80% of the population are dumbed-down masses, roughly 10% are the “stay positive” denialists, and another 9% are procrastinators. There might be 1% carved out of all this who are actually fully prepared, hence bringing the total number to 100%.

Cover the preparedness basics NOW, before something truly big happens

The most positive perspective on all this is that these storms have given us a practice run on basic preparedness. If you’re one of the millions of people who got caught with no air conditioning, sweltering heat, and all your frozen foods de-thawing in the freezer, you just got a — DING! — friendly reminder from Mother Nature to have a backup plan.

In fact, any reasonable preparedness plan must cover all the basics:

• Shelter
• Food
• Water
• Communications
• Defense
• Medicine
• Community
• Navigation
• Transportation

Continue Reading At: NaturalNews.com

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TSA deliberately recruiting, hiring sociopaths and pedophiles, says whistleblower

via: NaturalNews
Saturday, June 30, 2012
By: J. D. Heyes

[NaturalNews] While the Central Intelligence Agency has a history of paying off petty tyrants and thugs in its quest to keep America safe, no regular federal agency would purposely seek out and hire the dregs of society. Right?

Wrong.

Enter the illustrious Transportation Security Administration. Are you surprised?

According to “Rob,” a TSA supervisor-turned-whistleblower, in an interview with the Alex Jones Show, the agency’s brass is directing staff to hire degenerates – people with criminal records who have exhibited violent tendencies and psychopathic behavior.

How do you like air travel now?

During the interview, Rob talked about his job, which entailed filing reports on TSA screeners who did not follow agency procedures. He said he was alarmed by the fact that the agency was hiring a number of criminals who he said exhibited the behavior of “psychopaths.”

“We have a program in the state of Rhode Island where we take prisoners who are out for non-violent drug offenses and everything else – basically sociopaths – and we’re sending them to a ten-day course and getting them in uniform checking out people,” the whistleblower said.

He noted that people who presented themselves very professionally were often passed over in favor of applicants who had spent time in jail and who had megalomaniacal, power-trip tendencies.

The aberrancy is getting noticed

“If they have a background and it’s something like violence or abusing authority we put them right in, we put them guys on the floor first day,” said Rob, who also said he was encouraged to hire veterans from the Iraq war who had been diagnosed with post-traumatic stress disorder.

“It’s all about the power trip, it’s all about having people bug their eyes out at the public and getting the public conditioned to the fact that the police state is coming,” Rob said, adding that TSA screeners were instructed to stick out their chests in arrogance and “eyeball people.”

The TSA’s bizarre behavior, as well as the agency’s lower-than-low hiring standards, is getting noticed by more and more people. Fortunately for all Americans, an increasing number of those are people who can do something about it (let’s hope they do).

Take a recent report about the TSA by U.S. Rep. Marsha Blackburn, R-Tenn. In it she highlighted the fact that TSA agents engage in criminal behavior so often it’s almost routine. She says that’s no aberrancy, it’s because of “TSA’s hiring practices and insufficient use of background checks.”

“This report details highly disturbing cases where pedophiles and child pornographers wearing federal law enforcement uniforms are not only patting down unsuspecting travelers, but in many cases stealing valuables from their bags,” she told a local news station in early June. “Enough is enough. It’s time for Congress to step in and demand accountability from Administrator [John] Pistole.”

But what should Americans expect?

Criminal risk-based organization?

The TSA’s recruitment policy does not reflect its own mantra, which is that it was created as an “intelligent risk-based organization.” The agency doesn’t conduct criminal and background checks on many of its employees, Blackburn’s report noted, and that it trolls for employees by advertising “for employment at the Washington Reagan National Airport on pizza boxes and on advertisements above pumps at discount gas stations in the D.C. area.”

Rob also told Alex Jones that TSA screeners were being ordered by supervisors to check bags of people who were only coming to the airport to pick up a traveler. He said he was once directed to search a diaper bag that belonged to a woman who had only come to the airport to pick up her husband.

little much?

“We’re doing patrols in the parking lot with dogs, we’re even going as far out to the train station because the train station is connected to the airport here and we have guys walking around the train station, walking around the rental cars, we’re inspecting cars coming into the parking garage, I mean we’ve fully expanded – we’re no longer just at the gate and just at the security checkpoint,” he said, adding that supervisors were firing agents who refused to grope travelers in certain areas.

Rob, the report noted, was contacted by his bosses shortly after the interview and reprimanded, by the way.

Source: NaturalNews.com

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