Sunday, September 15, 2013

Must Read Commentary (You Won't See This Published In U.S. Newspapers)

Ed Asner already said it, so I don't have to - but I feel an obligation to report it.  In response to an inquiry about what has happened to the Hollywood liberal anti-war protesters that were quite vocal during the Bush years, Asner says:  Everyone is silent because no one wants to appear "anti-black" by defying Obama's will.

Here's a must-read editorial that appeared in the Asia Times.  It pretty much sums up the golden truth about what has happened in DC - and not just with regard to Obama's Syrian abortion:
In the West's comfort zones, the first black leader of the land of slavery still feels good, as if his very existence represents a social advance, regardless of his trail of blood. This obeisance to a symbol has all but destroyed the US anti-war movement: Obama's singular achievement...The judges at Nuremberg were succinct: "Individual citizens have the duty to violate domestic laws to prevent crimes against peace and humanity." The ordinary people of Syria, and countless others, and our own self respect, deserve nothing less now.
Please take the time to read this:  The Enemy Whose Name We Dare Not Speak

It's been my view ever since Bush initiated the fictitious "war on terruh" that the world's most danger terrorist is the U.S. Government.


  1. How the cops watch your tweets in real-time
    Products like BlueJay search all your tweets, then present results to cops.

    Recent leaks about the NSA's Internet spy programs have sparked renewed interest in government surveillance, though the leaks touch largely on a single form of such surveillance—the covert one. But so-called "open source intelligence" (OSINT) is also big business— and not just at the national/international level. New tools now mine everything from "the deep Web" to Facebook posts to tweets so that cops and corporations can see what locals are saying. Due to the sheer scale of social media posts, many tools don't even aim at providing a complete picture. Others do.

    For instance, consider BlueJay, the "Law Enforcement Twitter Crime Scanner," which provides real-time, geo-fenced access to every single public tweet so that local police can keep tabs on #gunfire, #meth, and #protest (yes, those are real examples) in their communities. BlueJay is the product of BrightPlanet, whose tagline is "Deep Web Intelligence" and whose board is populated with people like Admiral John Poindexter of Total Information Awareness infamy.

    BlueJay allows users to enter a set of Twitter accounts, keywords, and locations to scan for within 25-mile geofences (BlueJay users can create up to five such fences), then it returns all matching tweets in real-time. If the tweets come with GPS locations, they are plotted on a map. The product can also export databases of up to 100,000 matching tweets at a time.

    just in time for OWS II.:)

  2. Dave, Asner did a live interview on R.T. Thursday. He laid it all out including the 9/11 job. Today the Rodeo clown wants to go after Iran as seen on main stream media. Also read that major refiners in U.S. have been put on alert by F.B.I.for possible terrorist strikes. These assholes will stop at nothing to get the war they want and get us all smoked in the process.

  3. Dave, link to Asner interview on RT. Starts at 13:15.

  4. Dave,

    Gene Wilder would not appreciate the punctuation in the side column at the top of your blog. Please fix it.

    "Please Tell Me How Your're Money Is Safe In Banks Again?"

    Love your blog, by the way. Read it all.

    1. LOL. Thanks for the feedback. You're right on the erroneous word usage, but I hypothecated that from Jim Sinclair's site. I guess I can fix it myself but I'm only guilty of not proof-reading lol.

  5. Deja Fraud

    Max interviews Jim Rickards, author of Currency Wars, who compares the Fed relationship to the BRICS nations to that of a drunk driver who runs down pedestrians and then blames the pedestrians for being in the way.

  6. E-ZPasses Get Read All Over New York (Not Just At Toll Booths)

    After spotting a police car with two huge boxes on its trunk — that turned out to be license-plate-reading cameras — a man in New Jersey became obsessed with the loss of privacy for vehicles on American roads. (He’s not the only one.) The man, who goes by the Internet handle “Puking Monkey,” did an analysis of the many ways his car could be tracked and stumbled upon something rather interesting: his E-ZPass, which he obtained for the purpose of paying tolls, was being used to track his car in unexpected places, far away from any toll booths.

    Puking Monkey is an electronics tinkerer, so he hacked his RFID-enabled E-ZPass to set off a light and a “moo cow” every time it was being read. Then he drove around New York. His tag got milked multiple times on the short drive from Times Square to Madison Square Garden in mid-town Manhattan…

    This isn’t a part of the Lower Manhattan Security Initiative, the millions-dollar project emulating London’s Ring of Steel with extreme surveillance. It’s part of Midtown in Motion, an initiative to feed information from lots of sensors into New York’s traffic management center. A spokesperson for the New York Department of Transportation, Scott Gastel, says the E-Z Pass readers are on highways across the city, and on streets in Manhattan, Brooklyn and Staten Island, and have been in use for years. The city uses the data from the readers to provide real-time traffic information, as for this tool. The DoT was not forthcoming about what exactly was read from the passes or how long geolocation information from the passes was kept. Notably, the fact that E-ZPasses will be used as a tracking device outside of toll payment, is not disclosed anywhere that I could see in the terms and conditions.

    When I talked to the E-ZPass Inter-agency Group — the umbrella association that oversees the use of the pay-toll-paying tags in 15 different states — it said New York is the only state that is employing this inventive re-use of the tags. (That statement will be tested: Puking Monkey lent his hacked pass to a friend going on a road trip to see if it went off unexpectedly in any other states.)

  7. BIS veteran says global credit excess worse than pre-Lehman
    Extreme forms of credit excess across the world have reached or surpassed levels seen shortly before the Lehman crisis five years ago, the Bank for International Settlements has warned.

    The share of “leveraged loans” used by the weakest borrowers in the syndicated loan market has jumped to an all-time high of 45pc, ten percentage points higher than the pre-crisis peak in 2007-2008.

  8. Could You Imagine This 25 Years Ago?

    “Anarchists?” “People who don’t believe in government?” Really? The way I see it, the Tea Party members are the ONLY ones left in the government who actually believe in what created the government in the first place, the Constitution. Our current “rulers” have gone so far off the rail that they cannot even see it anymore. Think about what Nancy Pelosi said regarding the Obamacare vote with less than 12 hours for anyone to even read it…she said, “We have to pass it…to see what’s in it!” Unfortunately, anyone now who is a strict Constitutionalist is also branded as some type of nut job terrorist. Anyone who loves this country and what it once stood for is considered a threat to the current government. How obvious is it that these people who “swear their allegiance” to defend the Constitution either crossed their fingers when they “swore to God” or are just plain delusional. Think back just 25 years ago in 1988 while Ronald Reagan was still president, the above words spoken on the House or Senate floor would have been enough to impeach for treason against The Constitution, now it’s OK for the majority leader to say it …and sadly mean it. OK enough “rant” over.

    I have written about this investigation several times before and I still am of the same opinion. The CFTC CANNOT in any way come to a conclusion. Think about it, if they say that there is no manipulation they will be laughed at…and especially now since they were reportedly handed even more proof. The CFTC cannot contradict the obvious and were they to say that the market is “clean” (and then followed by the inevitable defaults coming by the paper markets) they will be on the hook. When I say “on the hook,” I am saying that there will be outrage because they made a ruling that nothing was wrong and will then be spotlighted and cornered when it turns out that in fact there is.

    On the other hand, if the CFTC were to “discover” that there is manipulation and actually “named names” they have another problem(s). First off you have the problem of “whom” and what would the punishment be and secondly you would see a mad rush into the metals with orders FOR DELIVERY. Please understand that $3,000 gold and $100 silver means that oil should be $200 per barrel, PE ratios in the equity markets are far lower and interest rates are far higher. This combination will break everything. It will break markets, market participants, derivatives and of course confidence. There is no way that the CFTC can find “manipulation” unless their goal is to pull the plug on everything.
    I wrote the above and planned to finish there but I have two more notes to make. Some people say there is no manipulation (naïve), others say it is JP Morgan and the banks, others say it is not the banks it is the HFT traders. I say why not just use common sense, “who benefits the most?” Pretty simple. Also, the CFTC, SEC, NYSE or any other regulatory agency could simply pull the “time and sales” from last Thursday’s massacre and know within a day’s time who did what and when. Then match the perpetrators up with what happened this past April…then again match it up with May of 2011…and guess what? These will all match up with 2008. So simple! “TIME AND SALES” tells all! Nothing else is needed, nothing else is necessary. OK, you want to go whole nine yards? Have the “sellers” show that their sales were hedges and that they were “long” somewhere else…ANYWHERE else. They can’t because the metal simply does not exist above ground for these short positions to even remotely be hedges. This exercise could be done, prosecuted and put to bed in very short order and performed by minimum wage clerks with 8th grade educations…but it won’t…because it can’t!

  9. The Million Mask March…Coming November 5, 2013

  10. Nomi Prins: Tremendously Dangerous Time-Stay Away from Investing in Stock Market

    “We have greater concentration of . . . financial risk within fewer institutions. So, we’re in a situation where there is moral hazard, but there is more recklessness beneath the surface because they know they can get away with it.” Prins sees the recent op-ed piece by Russian President Vladimir Putin in the New York Times as a warning. She says, “To use Obama’s term, ‘American exceptionalism,’ as an excuse for that kind of combat, doesn’t negate the risk associated with it.” So, what could a U.S. war in Syria do to the fragile global economy? Prins contends, “It could implode and have serious ramifications on the financial systems starting with derivatives and working on outward.” Prins goes on to say, “It’s a tremendously dangerous time to be moving forward with aggression rather than moving backwards with diplomacy.” As far as the stock market goes, Prins says, “I would not put my money in the stock market right now. . . I would stay away from it because that is flimsy ground.” Join Greg Hunter as he goes One-on-One with best-selling author Nomi Prins.

  11. The University System here in reno, nevada is filled with tons of hidden audio and video recording devices throughout all its buildings. I even had talks outside the Chancellor's Office so they couldn't be recorded. All Universities follow one another in design so I'm sure it's all over the country. No one knows what happens to those recordings or in whose hands they are in. The local media never talks about them nor has it come up since the NSA got caught. The students don't even know about them. But if you work there (or have worked there like myself), you find out about this. But no one knows "Why is a College System acting like law enforcement and recording everyone with hidden devices?".

    1. The Untold Story of Citibank’s Student Loan Deals at NYU

      An institutionalized wealth transfer system is playing out at New York University, a nonprofit organization subsidized by the U.S. taxpayer. Forgivable mortgage loans for multi-million dollar luxury homes have been doled out by NYU to an inner circle of administrators and elite faculty. The University’s President, John Sexton, has received an interest rate of less than one-quarter of one percent from NYU to finance a multi-million dollar beach residence on Fire Island. All this while NYU students carry the greatest burden of debt of any nonprofit university in the country – a figure placed at $659 million in 2010 by the Department of Education and now estimated to be well over $1 billion due to a poorly understood debt compounding trick called “capitalized interest.”

      While the unconscionable mortgage loans at NYU have received significant press attention and a Congressional probe by Senator Chuck Grassley, the unseemly details of just how NYU students amassed all this debt and the conflicts of interest between the university’s preferred lender, Citibank, and the Chairman of NYU’s Board, Martin Lipton (who has inexplicably held that post for the past 15 years), have failed to make it to the front pages of mainstream media.

      The Federal government, rather than helping, seems to be asking young struggling students to help pay down the national debt – a significant portion of which grew out of the Wall Street implosion. The government currently issues 10-year Treasury notes at a rate of less than 3 percent but it is charging rates far in excess of that to students and for student loans taken out by parents.

      lots of why's, no answers...?

  12. Watch David Gregory Scramble to Avoid Answering Hard Questions on Banker Bailouts and Bonuses

    Well Mr. Gregory was at it again this past weekend when he hosted CNBC’s professional Wall Street ass kisser Maria Bartiromo, Hank “Too Big To Fail” Paulson and Massachusetts Rep. Barney Frank. While I am no fan of Barney Frank, being the politician that he is, he took the opportunity to bash Wall Street and made a very accurate point. He asked:

    I do want to add one thing to your point about those poor, beleaguered bankers, who have been forced to do so much that they can’t lend money. If they really are running businesses that are so stressed that they can’t do their basic work, why are they paying themselves so much money?

  13. The Armageddon Looting Machine: The Looming Mass Destruction from Derivatives

    Five years after the financial collapse precipitated by the Lehman Brothers bankruptcy on September 15, 2008, the risk of another full-blown financial panic is still looming large, despite the Dodd Frank legislation designed to contain it. As noted in a recent Reuters article, the risk has just moved into the shadows:

    [B]anks are pulling back their balance sheets from the fringes of the credit markets, with more and more risk being driven to unregulated lenders that comprise the $60 trillion “shadow-banking” sector.

    Increased regulation and low interest rates have made lending to homeowners and small businesses less attractive than before 2008. The easy subprime scams of yesteryear are no more. The void is being filled by the shadow banking system. Shadow banking comes in many forms, but the big money today is in repos and derivatives. The notional (or hypothetical) value of the derivatives market has been estimated to be as high as $1.2 quadrillion, or twenty times the GDP of all the countries of the world combined.

    According to Hervé Hannoun, Deputy General Manager of the Bank for International Settlements, investment banks as well as commercial banks may conduct much of their business in the shadow banking system (SBS), although most are not generally classed as SBS institutions themselves. At least one financial regulatory expert has said that regulated banking organizations are the largest shadow banks.

    The Hidden Government Guarantee that Props Up the Shadow Banking System

  14. Canadian billionaire predicts end of US Dollar as world's reserve currency - Ned Goodman lecture

    Published on Sep 15, 2013
    Canadian billionaire businessman Ned Goodman predicts the end of the U.S. Dollar as the world's reserve currency. He predicts the transition out of the U.S. Dollar will become, "...quite ugly." He delivered the lecture at Cambridge House's Toronto Resource Investment Conference 2013 on Thursday, September 12, 2013.

  15. michael schumacherTuesday, 17 September, 2013

    Ed asner is busy shilling for solar companies on radio in this area.

    The african-american should be disgraced by the behavior of 'one of there own', in reality Dave and I are more black then obama. Instead of pointing out the similarities of Bush and Obama they run to embrace him as the o'ssiah and damn any evidence to the contrary.

    Educated african-americans should be outraged however that is a small portion of population and are most likely getting the handouts and grifts that the previous administration did not allow them to-Alfonso whatever his name was (HUD) notwithstanding.

    Presenting the first and last sorta black president.... O'ssiah. Clinton doesn't count as he was truly the only black president we've ever had or will have.