Wednesday, July 1, 2015

US Police More Concerned About "Anti-Government" Domestic Extremists Than Al-Qaeda, Study Finds

U.S. law enforcement agencies rank the threat of violence from anti-government extremists higher than the threat from radicalized Muslimsaccording to a report released Thursday by the Triangle Center on Terrorism and Homeland Security (TCTHS). We have previously warned that any totalitarian apparatus implemented to fight an outside enemy, would ultimately be turned around and used upon the public domestically; and now it seems confirmed that the real enemy of the corrupt corporate state is none other than, “we the people.”

Where did the Greek bailout money go?

Only a small fraction of the €240bn (£170bn) total bailout money Greece received in 2010 and 2012 found its way into the government’s coffers to soften the blow of the 2008 financial crash and fund reform programmes.
Most of the money went to the banks that lent Greece funds before the crash.


June 29, 2015
It is somewhat amusing that the word 'crisis' originates from Ancient Greece.
It's actually a medical term; Hippocrates wrote extensively about 'crisis' being the key turning point in disease progression-- the time at which it either overcomes the patient, or it subsides.
And though the word 'crisis' is thrown about routinely these days, it's safe to say that Greece is now truly in crisis in the purest sense of the definition.
Same with the euro, for that matter.
A century from now when future historians write about our time, it's highly likely they'll conclude that the euro was the dumbest invention of this age.
And that will really be saying something because the competition is fierce: pet rocks. Acid-washed jeans. FATCA. Google Glass. Fox Business News. Obamacare.
But the euro deserves first prize in the ugly contest.
The idea was to take completely incompatible economies, pretend that they were all Germany, and put them under one monetary roof simply because they were on the same continent.
This is ridiculous, especially today. It's 2015. Geography is an irrelevant anachronism.
Imagine jamming Argentina, Australia, Angola, and Azerbaijan into a currency union simply because they all start with the letter "A". It's just as pointless and arbitrary as geography.
And when one of them starts to collapse (probably Argentina), rather than admit their mistake and dissolve the whole stupid idea, the bureaucrats spend massive amounts of other people's money fruitlessly trying to hold the project together.
This is what's happened in Europe.
Every time they wrote a bailout check or extended another loan package to Greece, all the bureaucrats did was INCREASE their risk exposure.
It's like running back into a burning building-- literally the *exact opposite* of what any sensible person would do.
Eurocrats have spent untold billions of other people's money to save face, just so they wouldn't have to admit that Project "Make Everyone Germany" has failed.
But what they never acknowledged was that no matter how much they extend and pretend, the disease will always reach its crisis.
And this financial disease is going to slay the patient. History is very clear on this point: debt kills.
Greece long ago reached the point of no return where they were borrowing money just to pay interest. Now it's time for brutal honesty: game over.
The best example of brutal honesty is across the pond in Puerto Rico-- America's Greece. The governor of Puerto Rico, Alejandro Garcia Padilla, did not mince words when he described the island's prodigious debt:
"The debt is not payable. There is no other option. I would love to have an easier option. This is not politics, this is math."
The lesson is pretty clear: a bad system will fail. Especially when that system is built on a mountain of debt and deceit.
It might take years, but it happens. Just look at Greece; it's taken nearly six years from when it was first identified to reach today's crisis.
The time in between can either be an opportunity or a curse.
For some, time is an opportunity to take action-- to quietly take defensive steps like moving money abroad.
Greeks had the opportunity to do that long ago when the euro was strong and the capital controls didn't exist.
But for most people, time is a reason to procrastinate. They think that because it didn't collapse today, tomorrow will be just fine. So they stick their heads in the sand. Or somewhere else.
And now those people are standing in line at ATM machines across Greece with empty garbage bags trying to figure out how to survive against strict capital controls.

The Emergence of Orwellian Newspeak and the Death of Free Speech

“If you don’t want a man unhappy politically, don’t give him two sides to a question to worry him; give him one. Better yet, give him none. Let him forget there is such a thing as war. If the government is inefficient, top-heavy, and tax-mad, better it be all those than that people worry over it…. Give the people contests they win by remembering the words to more popular songs or the names of state capitals or how much corn Iowa grew last year. Cram them full of noncombustible data, chock them so damned full of ‘facts’ they feel stuffed, but absolutely ‘brilliant’ with information. Then they’ll feel they’re thinking, they’ll get a sense of motion without moving. And they’ll be happy, because facts of that sort don’t change.” ― Ray Bradbury, Fahrenheit 451
How do you change the way people think? You start by changing the words they use.
In totalitarian regimes—a.k.a. police states—where conformity and compliance are enforced at the end of a loaded gun, the government dictates what words can and cannot be used. In countries where the police state hides behind a benevolent mask and disguises itself as tolerance, the citizens censor themselves, policing their words and thoughts to conform to the dictates of the mass mind.

Judge Orders Lying, Cheating Government To Return $167,000 To The Man They Stole It From

Paul Craig Roberts: Has Mother Earth Decided To Cleanse Herself Of Those Who Ravage Her?

Has Mother Earth Decided To Cleanse Herself Of Those Who Ravage Her?
Paul Craig Roberts
Dahr Jamail is one of the last reporters in the Western world. Be certain to read his report on the “Sixth Great Mass Extinction” here:

Dahr Jamail | Sixth Great Mass Extinction Event Begins; 2015 on Pace to Become Hottest Year on Record

His report is also available on Information Clearing House:

I have concluded that only the young, who have no historical frame of reference, and corporate-paid shills are capable of climate change denial. For whatever the reason, the evidence seems clear that climate is changing—and not for the better in a situation of tremendous human pressure on water and other natural resources.

Not long ago I had a conversation with a person with a science-fiction turn of mind who hypothesized that humans are hostile elements on earth, exiled here from some distant point in the universe because of their satanic immorality and destructiveness. Unfortunately for Mother Earth and her wonderful, diverse animal, bird, plant, insect, and water life, the evil species known as “human” arrived on Earth, where humans have proceeded to destroy the environment. In a way the history of Earth is a history of environmental destruction by humans. By fouling their own nest, humans have raised the question of their own survival.


Greece Surrenders its Sovereignty to Brussels

The Syriza government is backing down after the realization that Brussels will declare economic war on Greece by deliberately trying to plunge the country into total ruin, far worse than the sanctions imposed on Russia. This is a sad day for the entire world. It is a terrible example that the Troika is the new equivalent of a Roman Triumvirate – the death of democracy. Europeans will remember this day for it is when national sovereignty died.
We have a copy of a letter sent from Greece to the EU accepting all terms. This is a surrender of sovereignty and no doubt the truth of this turnaround will be hidden from the public at large worldwide – not just the Greek people. All our fears of moving into Economic Totalitarianism are coming true. Democratic principles are dead: long live Totalitarianism. No doubt, this was the toast in Brussels last night (behind the curtain, of course).

You Can Check-In for the Euro but You Can Never Leave

German Finance Minister Wolfgang Schäuble explained on Tuesday that Greece will remain in the euro, no matter how the referendum ends on Sunday. Two years ago, Mario Draghi commented on the continued existence of the euro by saying that the single currency was just irreversible. Angela Merkel delivered a very cold speech stating there are no known proposals that could lead to a common solution to the crisis. The USA position is of course that they want Greece to remain in the euro solely based upon NATO. Then there is the issue of throwing out Greece’s Finance Minister Yanis Varoufakis from any meeting. Why expel a finance minister? The reason may lie in a hidden scheme.
There is behind the curtain posturing going on which is out of the public eye, whereas people do not quite realize that joining the euro was the surrender of national sovereignty. Brussels has a hidden clause that shows from the very beginning that this was a covert action to federalize Europe by displacing democratic institutions from the top down. The sinister clause at issue explains why they expelled Yanis Varoufakis because they need unanimous consent to supersede the sovereignty of any member state.
Article 352 TFEU
(1) If there is any action by the Union under the conditions laid down in the Treaties policies needed to attain one of the objectives of the Treaties, and in the Treaties the necessary powers not provided , the Council shall, acting unanimously on a proposal from the Commission and after assent of the European Parliament take the appropriate measures. If these provisions are adopted by the Council in accordance with a special legislative procedure, it shall also act unanimously on a proposal from the Commission and after approval by the Euro-pean [sic] Parliament.
(2) The Commission shall draw national parliaments in the procedure for monitoring the subsidiarity principle referred to in Article 5, paragraph 3 of the Treaty on European Union ‘attention to proposals which are based on this product.
(3) Measures based on this Article shall not entail harmonization of the laws of the Member States in cases where the Treaties exclude such harmonization.
(4) This item can not serve as a basis for attaining objectives pertaining to the common foreign and security policy and any acts adopted pursuant to this Article shall remain within the Article 40 paragraph 2 of the Treaty on European Union specified limits.
This Article 352 allows the EU to wage economic war on any member state to force its will upon the people, regardless of what they vote. This is an amazing authoritarian view for this is not just about maintaining a single currency; it is now all about centralized power. The EU is now in a position to carry out coercive measures against Greece that are completely outside any legal framework. The scheme is roughly equivalent to what we know from the national legislation as emergency legislation. The only restriction in paragraphs is that it must not be used as a basis for attaining objectives pertaining to the common foreign and security policy. So it’s almost a paragraph in order to maintain the EU’s internal order.
To invoke such federalized power requires a unanimous vote, which explains why they would expel Yanis VaroufakisIt appears that the EU Commission is not about to accept an exit vote by the Greek people. They have eliminated any democratic means to exit the euro. This could lead to major civil unrest throughout Europe for playing hardball with Greece will expose the federalization of Europe. It also explains why they now want to create a European Army at the direction of the EU Commission and Troika.
They could try to send an independent finance minister to run the country as if it were a bankrupt state – a court appointed type of trustee without the court. That was imposed upon Germany following World War I.
What appears to be underway here is a very nasty move toward a complete collapse in any democratic right of the Greek people to exit the Euro. This is becoming more and more like the Eagle’s song “Hotel California” – you can check-in, but you can never leave.

World Economic Conference in Berlin November 27-28

The Berlin conference will differ from that of Princeton from the standpoint that the questions posed by the audience will tend to be focused more upon Europe and the prospects for the survival of the EU itself. We have a number of people signed up from Britain as well, so we will no doubt also have more pointed questions regarding Britain and the prospect of exiting the EU.
We have room blocks at discounted prices for attendees. So the earlier you sign up, the more likely you will be able to get the discounted prices in the hotels, of which we have rooms booked at two places.

Understanding Trading

The most fundamental truth about trading is that your opponent is YOURSELF. The majority must be wrong because they are the fuel that propels the market. The market enters a flash-type crash when the vast majority is LONG and they try to sell but there is no bid. Far too many people demonize trading such as “paper gold”, arguing that it is not real. Yet, eliminate futures and you get liquidity and then gold’s value would decline, not rise. Without a common exchange, gold has no value. What gives gold any value is the fact that it is accepted as having some value. If you cannot determine a value, no commodity, stock, bond, or object could ever have a value. This is a barter economy where you will NOT trade unless you need the item in exchange or know for sure you can exchange it with a third party.
To avoid getting caught at the high or the low, you must understand the nature of markets and how they function. Once you accomplish that realization, you will see your real opponent is YOURSELF, not the grand cabal. The majority must be trapped at the high, which then creates the panic when the majority tries to sell but there is no bid. Likewise, at the low, the majority is bearish and the dominant trade is being short. They try to buy back, causing a panic to the upside for the lack of offers. It is a pendulum swinging to the extreme on both sides which propels the market movement.
I have stated that gold would bottom only after it become a dirty word. All that yelling and screaming about manipulation, or whatever commodities are in a declining DEFLATIONARY trend. Even egg prices have declined on the DCE futures exchange in China. The claims that China will back its currency with gold would not be bullish for gold, it would be a disaster, for the Chinese would not buy gold anymore and that would further the deflation as we see under austerity in Europe. Claims that money should be tangible would benefit the bondholders at the expense of the people just as we see in Greece right now.
Analysis is the very same problem. I am not some guru, wizard, prophet, oracle, or whatever. I’m just someone who has been fascinated with understanding how things work. I use the quantitative modeling to allow the market to speak its mind and that is the best forecaster you can ever imagine since the market is never wrong.
For those who have recently joined us, keep in mind that there is a huge difference between OPINION and real FORECASTING. Professional institutions follow us for what the computer says, NOT because I personally have never been wrong. No one’s OPINION is never wrong. Real money will NEVER trade based upon someone’s personal OPINION. The talking heads are for retail, not professionals.
A central bank recommended to a very major pension fund that they call us – off the record. I spoke to the head and the first thing out of his mouth, “We do not have any respect for academics. We are calling you ONLY because the central bank wanted us to give you a call, which of course was off the record.” When I responded we were not academics, had real management and trading experience, and used quantitative models, the air was cleared and we began on the project. Real money does not listen to OPINION. It just cannot.
At our World Economic Conference, it is NEVER a solicitation to sell you something. It is NEVER “I think” it is ALWAYS “Here is what the computer is showing in this market or that one.” We correlate the world and show you the connections. This is a learning experience; only then will you have the courage of your convictions to beat yourself in the trading game.
You can read Spiral Panic to grasp the concept of trading in a market decline. But I also recommend that you begin reading our Models & Methodology so you can grasp a better understanding of forecasting model design.


Greek Pro-Euro Protesters Are Just out of Their Minds

Politicians Have Absolutely No Endgame

Here is a list of the demands that the European Commission placed upon Greece. They are totally insane without any comprehension of the future. These demands are without any common sense and there is absolutely no endgame here to be found. The EU officials are simply crushing the Greek economy and if Greece adopted these demands, they would simply gut their country to the point of civil war. To politicians, it is always just raise taxes on the stupid people willing to be ruled.
Lenders’ proposals – key sticking points:
  • VAT (sales tax): A new system to come in from July 1, with three rates, aimed at boosting annual revenue by 1% of total output (GDP)
  • Most goods to be taxed at top rate of 23%, including restaurants, catering, and processed foods
  • Reduced rate of 13% for basic food, electricity, hotels, and water
  • Super-reduced rate of 6% for medicines, books, and theater
  • End exemptions and eliminate VAT discounts for Greek islands
  • Create strong disincentives to early retirement
  • Move retirement age up to 67 by 2022
  • End Ekas “solidarity” top-up grant that some 200,000 poorer pensioners will get an immediate Ekas cut for the wealthiest 20% of recipients, and it will be cut completely by 2020
  • Pensioners’ healthcare contributions to rise to 6%, from 4%