Friday, November 29, 2013

Marc Faber: 'We Are Now In A Gigantic Speculative Bubble'

Mark Matheny
November 29, 2013

Is another Bubble accumulating in the market? Marc Faber certainly thinks so.

Marc Faber, Publisher of the Gloom, Boom & Doom Report, said in an interview on Nov 29, 2013:
"Recently we have to say that we are in a massive financial bubble, in bonds, in equities, we are in a bubble in asset prices that have gone up dramatically. Farm land is up 10 times just over the last 10 years. Bitcoins are up now, and who knows what's next to go up? We are in a gigantic speculative bubble...."

Faber continued saying that he sees no value in stocks any longer.

Has Comet ISON Made the Trip Past The Sun?

Mark Matheny
November 28, 2013

The Comet known as "ISON" has apparently made it's pass around the Sun (Perihelion). From the video provided by the Cybertribe News Network the comet seems to pass around the sun, and then become visibly much brighter as it is seen again.

According to Fox News, most scientists had declared the comet dead as it made it's way closer to the sun, but now it seems that this comet of dirty space ice may just have survived.

"It certainly appears as if there is an object there that is emitting material," said Alan Fitzsimmons, an astronomer at Queens University in Belfast, Northern Ireland. published a predicted journey video of the Comet back in July of this year saying that it could be possible that the comet would be destroyed by the sun's heat as it travels closer to it.

A comet’s journey through the solar system is perilous and violent. A giant ejection of solar material from the sun could rip its tail off. Before it reaches Mars -- at some 230 million miles away from the sun -- the radiation of the sun begins to boil its water, the first step toward breaking apart. And, if it survives all this, the intense radiation and pressure as it flies near the surface of the sun could destroy it altogether.Right now, Comet ISON is making that journey. It began its trip from the Oort cloud region of our solar system and is now travelling toward the sun. The comet will reach its closest approach to the sun on Thanksgiving Day -- Nov. 28, 2013 -- skimming just 730,000 miles above the sun’s surface. If it comes around the sun without breaking up, the comet will be visible in the Northern Hemisphere with the naked eye, and from what we see now, ISON is predicted to be a particularly bright and beautiful comet.
Cataloged as C/2012 S1, Comet ISON was first spotted 585 million miles away in September 2012. This is its very first trip around the sun, which means it is still made of pristine matter from the earliest days of the solar system’s formation, its top layers never having been lost by a trip near the sun. Scientists will point as many ground-based observatories as they can and at least 15 space-based assets towards the comet along the way, in order to learn more about this time capsule from when the solar system first formed.
Most scientist are doubtful that the comet was able to survive the perihelion but are still analysing the skies and the data before saying the comet has dissipated. 
"At this point, I do suspect that the comet has broken up and died," says Karl Battams, a comet scientist for the Naval Research Laboratory, who joined a NASA and Google+ chat from Kitt Peak Observatory in Arizona. "Let's at least give it a couple of more hours before we start writing the obituary." USA Today
If the comet survives, it should pass by earth as close as 40 million miles at around December 26th.

The name given to the comet -ISON- stands for International Scientific Optical Network.

The Real Black Friday

Ebullient consumers mask the real peril of stock market madness
Kurt Nimmo
November 29, 2013
Black Friday opened with a predictable boom that resounded favorably through the Big Casino on Wall Street. Stocks on the Dow Jones climbed to 22 points to 16,119 soon after opening this morning. Standard & Poor’s index bumped up a modest two points to 1,809 and the Nasdaq jumped 15 points to 4,060.
“Consumers weren’t the only ones shopping on Black Friday. Stocks pushed even higher into record territory, as investors returned from Thanksgiving break for a short, final day of trading in November,” CNN reports.
Despite modest gains on the stock market, the hype that revolves around Black Friday seems to be losing some of its media generated luster. The large retails chains – Wal-Mart, Target, Best Buy, Kohl’s, JCPenney, Kmart and Toys R Us – have downgraded expectations.
“Indeed the latest poll from AC Nielsen’s Holiday Spending Forecast study, which surveys over 22,000 households throughout the US, indicates that 85% of consumers plan on skipping the stores on Black Friday this year,” Zerohedge reports. “This is up from 82% in 2012, 82% in 2011 and 80% in 2010 so a negative four-year trend is taking shape. Black Friday shopping seems to be merging with Cyber Monday as well with 51% of consumers say they will do their Black Friday shopping online this year. According to the National Retail Federation, the holiday season generally accounts for about 20% of the retail industry’s annual sales so all eyes will be on retail sales updates/snippets over the weekend.”
The bullish frame of mind ruling the stock market is little more than voodoo. “We think odds favor some sort of a pullback in the coming weeks and months,”Jonathan Krinsky, chief market technician at MKM Partners, told the Wall Street Journal. For more than a decade, stocks have rallied in late summer only to fall off between Thanksgiving and Christmas. The bump gets harder which each passing year and nobody knows when it will finally bottom out.
The Real Black Friday
The real Black Friday, October 29, 1929.
The real Black Friday happened on a Tuesday, October 29, 1929
The real Black Friday happened on a Tuesday, October 29, 1929, when the stock market experienced its largest one day drop in history – a precipitous 22% – and heralded in the first Great Depression.
This calamitous event was created by the Federal Reserve. It had inflated the money supply by 61.8 percentbetween 1921 and 1929 and created a massive inflationary bubble that imploded on that black day in October.
There was also a Black Friday on September 24, 1869, when two gold speculators, Jay Gould and James Fisk, cornered the market on the New York Gold Exchange. The scandal resulted in the Grant administration being called the Era of Good Stealings. It was an early demonstration of how the stock market can be manipulated.
Academics and establishment media talking heads like to say the Great Depression was caused by the excesses of free market capitalism. In fact, it was created by the Federal Reserve and its conniving cartel of banksters.
Debunking the popular myth, Julie Borowski cites the economist Henry Hazlitt who wrote that “worse than the slump itself may be the public delusion that the slump has been caused, not by the previous inflation, but by the inherent defects of ‘capitalism.’” The slump was, in fact, created by the Fed with its notorious whipsaw economic policies of artificial boom and bust.
Another economic catastrophe is now in the works and it looks like it may be set into motion by China. It has called for a “de-Americanized” world where the dollar is no longer the global reserve unit. China is now the largest single holder of U.S. government debt with 26 percent of all foreign-held U.S. Treasury securities, which represents 8% of total U.S. government-generated debt.
“Foreign investors in U.S. dollar assets have seen big losses measured in dollars, and still bigger ones measured in their own currency. While unlikely, indeed highly improbable for public sector investors, a sudden rush for the exits cannot be ruled out completely,” warned the bankster elite from their tower in Basel, Switzerland, after the plug was pulled on the economy back in 2008.
When China and other debt holders finally back away from the dollar, “the consequences for the U.S. economy will be absolutely catastrophic and every single American will feel the pain,” writesMichael Snyder. “The standard of living that all of us are enjoying today depends largely upon China. They can bring down the hammer at any moment and they know it.”
For now, crowds of ebullient consumers are reveling at Walmart, a store packed to the rafters with cheap flat screen televisions and other electronics manufactured by China’s labor gulag slaves. The good times continue to limp along on the sputtering tail wind of the greatest economic expansion in history. That wind will soon stop blowing. When it does we will all experience the greatest single bust in the history of the world.

Thursday, November 28, 2013

The True Origin of Christmas

Mark Matheny
November 28, 2013

Mark Matheny Discusses the true origin of the Holiday called Christmas and celebrated around the world by Christians and non- believers alike......

Tune In!!!
Part 1

Part 2

New Politics Podcasts with Mark Matheny on BlogTalkRadio

Wednesday, November 27, 2013

Implosion of Social Security Disability Ponzi Scheme Accelerates

The New American
November 26, 2013
Implosion of Social Security Disability Ponzi Scheme Accelerates
Fresh data just released by the trustees of the Social Security Administration show that the number of people receiving benefits from the Disability Insurance Trust Fund has exploded over the last five years, reducing the surplus in that fund from $216 billion in 2008 to just over $100 billion in 2013. There were 7.4 million recipients in January 2009, but as of October 2013, there are nearly nine million beneficiaries, not including another two million spouses and children of disabled workers who are also receiving benefits.
Simple math illustrates the inevitable: If those receiving benefits for disability (real or faked) continues to increase, the trust fund will be bankrupt in less than three years. This is small potatoes when compared to the Medicare and Social Security programs, but illustrates the inevitability of the ending of all Ponzi schemes, large or small.
When Senator Tom Coburn (R-Okla.) claimed on October 20 that “We have $128 trillion worth of unfunded liabilities … and another $17 trillion worth of debt,” Glenn Kessler at the Washington Post preferred to question the amount rather than the imminent failure of these schemes. He claimed that the real number was perhaps closer to $43 trillion, using numbers from the Social Security trustee themselves, or suggested that perhaps the real number was $84 trillion, relying on the National Center for Policy Analysis for that one.

Jesuit Trained Pope Trashes Capitalism in Call for Worldwide Socialism

Natural law and a natural system of liberty now under concerted attack.
Kurt Nimmo
November 26, 2013
Pope Francis. Photo: Semilla Luz
Pope Francis. Photo: Semilla Luz
Pope Francis released his first encyclicalon Tuesday. In addition to restating opposition by the Catholic Church to abortion, the new Pope criticized free market capitalism and advocated wealth redistribution.
He said “some people continue to defend trickle-down theories which assume that economic growth, encouraged by a free market, will inevitably succeed in bringing about greater justice and inclusiveness in the world. This opinion, which has never been confirmed by the facts, expresses a crude and na├»ve trust in the goodness of those wielding economic power and in the sacralized workings of the prevailing economic system. Meanwhile, the excluded are still waiting.”
So-called “trickle down” is not an economic theory. It is a pejorative term used by socialists and others in favor of wealth distribution to describe laissez-faire capitalism. A product of the Enlightenment, laissez-faire capitalism was “conceived as the way to unleash human potential through the restoration of a natural system, a system unhindered by the restrictions of government,” writes Toufic Gaspard. For political economist Adam Smith and other classical economists, the concept was inextricably connected to natural rights.
Laissez faire recognizes the individual is the central unit of society endowed with a natural right to liberty, including the right to economic activity between consenting individuals so long as this activity does not impede the rights of others. In his book The Theory of Moral Sentiments, Smith used the metaphor of an “invisible hand” to describe unintended effects of individuals involved in economic organization and self-interest.
Although laissez-faire capitalism flourished in the United States, it was undermined early on by proponents of the American School and Alexander Hamilton, who proposed direct control of the economy by a central bank and tariffs that favored the industrial North over the agricultural South (eventually resulting in the so-called Civil War).
Carl E. Prince and Seth Taylor write that by the early 19th century “it is quite clear that the laissez faire label is an inappropriate one” to describe the increasingly close relationship between large corporations and the United States government. Instead of unhindered free trade, the Whig tradition of economic nationalism reigned as the government regulated and controlled the expansion of national infrastructure, particularly the railroads. The first federal income tax was imposed at this time to pay for the Lincoln’s war against the South. In the period following the war, government diminished laissez-faire capitalism by accelerating a mixed economy and enacted various laws, including the Interstate Commerce Act of 1887 and the Sherman Anti-trust Act. Socialist doctrines, under the rubric of Keynesian economics, dominated economic policy following the Federal Reserve engineered Great Depression.
Until recently and despite the unrelenting attack on laissez-faire economics the American economy reigned as an undisputed engine of prosperity. The political attacks of Pope Francis and other socialists are the latest effort to undermine free market capitalism and replace it with a socialist system that has demonstrated repeatedly it is incapable of creating the sort of prosperity society requires to prosper.
Natural law and a natural system of liberty is now under concerted attack. Criticism of “the sacralized workings of the prevailing economic system,” as Pope Francis defined free trade and the natural law of laissez-faire capitalism, is highly misleading.
In fact, the United States has never enjoyed pure laissez-faire capitalism, but has suffered under varying degrees of crony capitalism, more accurately described as corporatism — or as Benito Mussolini termed it, fascism. In the recent past, the destructiveness of self-serving business and government relationships and state-run monetary policy directed in the shadows by a globalist financial elite were mitigated by the engine of prosperity. However, we have now entered a dangerous period as the global elite and corporations work in concert to erode the fiscal and moral underpinnings of the economy. The country now teeters on the verge of financial and social ruin.
As a tutored Jesuit and Argentine, Pope Francis is a student of the Jesuit Reductions, the Catholic program of the 17th and 18th centuries to Christianize, tax and govern the people of Spain, Argentina, Brazil, Bolivia and America. In Paraguay under the Jesuits, according to the New Advent Catholic Encyclopedia, the “economic basis was a sort of communism” ruled over by the caciques, or tribal leaders, at the behest and guidance of the Padres.
“The Jesuits aimed to set up [in Paraguay] a completely communistic system, in the sense that no individual rights were recognized and there was no private property,” writes John Findlater in The Revolutionary Movement: A Diagnosis of World Disorders. “Everything belonged to the State, and was supposed to be shared in common. But in reality much the greater part of the proceeds of good sold was always remitted to the Camarilla [advisers to the Spanish kings]; and the Guaranis [Indians of Paraguay, northern Argentina, and southern Brazil] got only the bare necessities of life in return for their toil and sweat.”
In modern times, the well-honed process of confiscation and accumulation by the state is far more sophisticated, but the end result is almost identical — in the wake of looting by multinationals and globalist organizations such as the IMF and World Bank, millions of people are locked in poverty while a distinct minority revel in untold riches. Pope Francis and the Catholic Church blame free trade capitalists for this state of affairs, not the state and its system of crony capitalism in the service of a parasitical corporate and transnational elite.
Pope Francis is playing to so-called progressives in America and Europe who believe wealth must be redistributed, in short confiscated from the producers at gunpoint and distributed to politically useful non-producers by government. In reality, the mega-wealthy, the financial elite on Wall Street and the City of London, never pay their “fair share” and are, in fact, the main driving force behind socialist confiscation schemes. Breadcrumbs are handed out to the poor and destitute under a bloated and bureaucratic system while the lion’s share is spirited away under a cover of darkness to a small minority.

Tuesday, November 26, 2013

Israel Launches Largest Ever Air Force Exercise Day After Iran Deal

Some see timing of drill as no coincidence
Paul Joseph Watson
November 26, 2013
In what some would see as no coincidence, Israel launched its largest ever international air force exercise just a day after the Iran nuclear “deal” which has left Tel Aviv fuming.
According to the Israeli Defense Forces blog, “On Sunday, November 24, for the first time in Israel’s history, the Israel Air Force launched the “Blue Flag” training exercise – an international air force exercise with participation by the US, Italian and Greek air forces.”
The exercise will run until Thursday this week and is designed to “improve Israel’s general air defense capabilities.”
However, the drill, which involves “simulated enemy forces,” will almost certainly test Israel’s offensive mettle given that it takes place just a month after an IAF long-range flight exercise during which the IAF’s ability to fly “exceptionally long distances” was put to the test.
“We are sure it was all planned a long time ago but the irony is not lost on us,” notes Zero Hedge.
Israel responded to Sunday’s “historic” deal by vowing to do “whatever is necessary” to stop Iran from going nuclear.
Israeli officials have also visited Saudi Arabia in recent days to inspect bases that could be used to launch an attack on Iran’s nuclear facilities.
In a phone call to Barack Obama after the deal was struck, Israeli Prime Minister Benjamin Netanyahu told the president, “it’s important to make a change in American policy because the practical result of his current policy is liable to lead him to the same failure that the Americans absorbed in North Korea and Pakistan, and Iran could be next in line,” according to a senior Israeli lawmaker in Netanyahu’s ruling coalition.
The deal with Iran halts the enrichment of uranium to below 5%, far below the 90% required to build a nuclear bomb and puts a stop to construction of any more enrichment facilities.
Netanyahu insisted that the deal “turns the world into a much scarier place,” claiming that Iran is left with enough of an infrastructure to build a nuclear bomb in future.
Paul Joseph Watson is the editor and writer for and Prison He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

Radley Balko: Rise of the Warrior Cop, a CATO Inst. Debate vs Mark Lomax, Exec.Dir. of Nat'l Tactical Officers Assn (SWAT Lobby)

Daily Paul
November 25, 2013

Capitol Hill Briefing
July 24, 2013 12:00PM
B-338 Rayburn House Office Building
Featuring Radley Balko, Author, Rise of the Warrior Cop: The Militarization of America’s Police Forces, Senior Writer, Huffington Post; and Mark Lomax, Executive Director,National Association of Tactical Officers [actually, it's called the NTOA, the National Tactical Officers Association]; moderated by Laura Odato, Director of Government Affairs, Cato Institute.

Help out Mayor Ny & the DailyPaul: Purchase the Book! Thanks.)
One of the most disturbing trends in American policing in recent years has been the militarization of police weaponry and tactics.
In his new book, The Rise of the Warrior Cop, author Radley Balko traces the arc of American law enforcement from the constables of colonial times to present day SWAT teams and special response units. With the martial rhetoric surrounding the “war on drugs” and the “war on terrorism,” policymakers have signed off on a dangerously aggressive style of policing that too often leads to unnecessary deaths and injuries.
Is modern law enforcement on a collision course with our Bill of Rights?
Join us for wide-ranging discussion of paramilitary police tactics in America.
P.S. Okay to be fair, NTOA is not really a SWAT lobby, per-se, but current and retired SWAT member association/fraternity.
Gotta say though, as ANY gunnies would know, the 'NTOA-approved' "member tested & recommended" products, in my past experience, has been pretty good, so far.
If you've ever shopped online for gun/hunting related products and or accessories, you probably came across their logo:
For those who maybe interested, check out some of the following:
UPDATE 1: MoxNews' CSPAN-feed of the above CATO event posted:
RISE Of The WARRIOR COP: The Militarization Of America's Police Forces
Published on Aug 11, 2013
August 10, 2013 C-SPAN
RISE Of The WARRIOR COP: The Militarization Of America's Police Forces

“I Fear For What’s Coming” – 68 Percent Of Americans Believe The Country Is On The Wrong Track

The Economic Collapse
November 25, 2013

Family - Photo by Eric WardAre you deeply concerned about the future of America?  Is something in your gut telling you that our system is fundamentally broken and that the mainstream media is not telling you the truth about what is happening?  If so, you are definitely not alone.  Right now, there are millions upon millions of Americans that are absolutely horrified as they watch this nation deteriorate.  In fact, according to an analysis of recent polling data conducted by Real Clear Politics, approximately 68 percent of all Americans believe that the country is on the wrong track and only 23.5 percent of all Americans believe that the country is on the right track.  And of course our problems did not appear just recently.  In fact, many of them are the result of decades of very foolish decisions and they are not going to be fixed easily.  Unfortunately, there is very little consensus among Americans about how to fix any of our problems.  There is more anger, frustration, hatred and division in the United States today than there has been in decades, and there is very little hope that the great storms that are looming on the horizon will be averted.  Those that are wise are preparing for what is coming.  Those that are not are going to be absolutely blindsided by what is rapidly approaching.
Once upon a time, America was the wealthiest nation on the entire globe by a huge margin and it had the largest and most thriving middle class the world had ever seen.  But now America is drowning in the biggest ocean of red ink in the history of the planet and the middle class is being systematically destroyed.
If you read my articles on a regular basis, you already know all of this.  But now there are certain factors that are going to cause the problems of the middle class to greatly accelerate.
For instance, just consider what Obamacare is going to do to millions of American families.
The Foundry recently posted a story that detailed the extreme hardship that Obamacare is going to impose on one middle class family in Sonora, California.  This particular family is very healthy and does not have a history of health problems.  Up until now, they have had a health insurance policy with Anthem Blue Cross Insurance that they have been very happy with.
Back in 2011, this family was paying $389 a month for health insurance.
In 2012, due to changes in California law that figure went up to $499 a month.
Now, this family has just received a letter informing them that their current plan is being canceled and that if they want a new plan it is going to cost them $1,252 a month.
Needless to say, that news did not go over very well with that family.
Just think about it.
Can you come up with an extra $753 a month for health insurance?
Most American families certainly cannot.
Well, Kate Joy and her husband sat down and started trying to figure out how they could squeeze the new health insurance policy into their budget.  It turned out that they would have to cut out a lot of things.  The following is a list of the proposed cuts that they have come up withso far...
  • Stop paying the extra payment on my mortgage: $100/month
  • Stop eating out: $150/month
  • Don’t go to the movies: $36/month
  • Switch to getting a haircut every other month: $15/month
  • Stop getting manicures: $40/month
  • Stop monthly charitable donations to Wounded Warrior and Habitat for Humanity: $70/month
  • Stop saving for an annual anniversary getaway: $60/month
  • No Christmas gifts to extended family: $40/month
  • Quit buying beef at the grocery store: $100/month
  • Teeth cleaning only once per year: $30/month
  • Cancel all magazine/newspaper subscriptions: at least $30/month
  • Cut DISH service to cheaper plan: $50/month
  • Cancel land line phone service: $70/month
If they make all of those cuts, it will save the family $791 a month.
Understandably, that family is having a very hard time feeling optimistic about the future right now.  In fact, at the end of the article Kate Joy is quoted as saying the following...
"I fear for what’s coming."
Read the entire article 

Almost 80 million with employer health care plans could have coverage canceled, experts predict

Fox News
November 25, 2013

Almost 80 million people with employer health plans could find their coverage canceled because they are not compliant with ObamaCare, several experts predicted.
Their losses would be in addition to the millions who found their individual coverage cancelled for the same reason.
Stan Veuger of the American Enterprise Institute said that in addition to the individual cancellations, "at least half the people on employer plans would by 2014 start losing plans as well." There are approximately 157 million employer health care policy holders.

Martial Law (Internal Security Act) Declared in Bangkok

Mark Matheny
November 26, 2013

According to the Bangkok Post, what is in effect Martial Law has been declared across all of Bangkok and Nonthaburi, due to anti-government protesters which had occupied two ministries.

The enforcement is to take place immediately and includes Bang Phli district of Samut Prakan and Lat Lum Kaeo district of Pathum Thani. 

The United Front for Democracy against Dictatorship issued a statement strongly condemning the occupation of the state agencies and urged the government to take stern action on the protesters. 

Read the article here

Monday, November 25, 2013

Revealed: Northrop Grumman’s Unmarked Gray Helicopter Drone

Next generation UAV to spy on Americans?
Paul Joseph Watson
November 25, 2013
Infowars has obtained a photograph of an unmarked gray helicopter drone manufactured by Northrop Grumman which could be used to spy on Americans domestically.
The image was sent to us by someone high up within Northrop Grumman, who told us that the drone is small enough to transported on the back of a large truck or towed in a trailer behind a pickup and can be fitted with all manner of surveillance technology.
It appears to be a smaller version of the company’s MQ-8C Fire Scout helicopter drone, which was tested for the first time earlier this month by the U.S. Navy. Unlike the MQ-8C Fire Scout, the drone seen in the image above has no markings.
The MQ-8C Fire Scout, described as a “next generation” drone, has “three times the payload capacity of the current model in the military arsenal,” and can remain airborne for twice as long.
Earlier this month, the Federal Aviation Administration released a road map that set the stage for 7,500 surveillance drones to be flying in U.S. skies within the next two years. The FAA’s chief concern is not the privacy implications of such devices, but the threat of them colliding with other aircraft.
The FAA has forecast that 30,000 surveillance drones will be in U.S. skies by the end of the decade.
At least 80 law enforcement agencies already have agreements with the FAA to fly drones for surveillance purposes. Some police departments want to use such drones to watch for “suspicious activity” in high crime areas.
Authorities are already using drones to conduct surveillance of farms and the Department of Homeland Security is also working on deploying drones for purposes of “public safety.”
Earlier this year, the Pentagon began testing to deploy two high-tech surveillance blimps over Washington DC that can remain at 10,000 feet for a month without the need for refueling. The blimps provide an “elevated, persistent over-the-horizon sensor system” and carry “powerful radars that can look deep into enemy territory.”
The U.S. Army also recently tested a football field-sized blimp over the city of New Jersey. The blimp can fly for a period of 21 hours and “is equipped with high-tech sensors that can monitor insurgents from above.”
This past August, the DHS assumed control of surveillance blimps used to monitor the US-Mexico border, a perturbing development for privacy advocates given that the federal agency considers all areas 100 miles inland of the border to be ‘constitution-free zones’ within which the Fourth Amendment does not apply.
Paul Joseph Watson is the editor and writer for and Prison He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

Seven Volcanoes In Six Different Countries All Start Erupting Within Hours Of Each Other

Breaking News
November 25, 2013

A new island has appeared in the Pacific. A submarine eruption just off Nishino-Shima Island Japan has erupted for the first time in 40 years. The Japanese Navy noticed the explosions as boiling lava met sea water giving rise to plumes of steam and ash. Almost 7,000 miles away in Mexico, the Colima volcano blew its top after a period of relative calm. 

A steam and ash cloud rose two miles into the sky and the grumbling of the mountain could be heard in towns a few miles away. In Guatemala the ‘Fire Mountain’ belched out lava and sent up a moderate ash cloud causing an ash fall over nearby towns. The explosions and shock waves occurring in the volcano can be felt by residents over 6 miles away. Doors and windows are reported to be rattling, but there has been no damage so far. 

In Vanuatu the Yasur volcano is giving some cause for concern. Although the explosions are quite weak the continuous ash that is coming from the mountain is starting to build up on farming land. Over to Italy, Mount Etna is putting on quite a display. The current eruption started a few days ago and has been getting stronger as time moves on. A massive eruption lit up the sky and disturbed residents yesterday. The ash cloud was high enough to see flights canceled. The lava flow was the biggest in years, and the town of Zafferana which lay in its path saw some damage. Lava diverters were put into place, and most of the town escaped unscathed.

Read the entire article

Banks Warn Fed They May Have To Start Charging Depositors

Zero Hedge
November 25, 2013
The Fed’s Catch 22 just got catchier. While most attention in the recently released FOMC minutes fell on the return of the taper as a possibility even as soon as December (making the November payrolls report the most important ever, ever, until the next one at least), a less discussed issue was the Fed’s comment that it would consider lowering the Interest on Excess Reserves to zero as a means to offset the implied tightening that would result from the reduction in the monthly flow once QE entered its terminal phase (for however briefly before the plunge in the S&P led to the Untaper). After all, the Fed’s policy book goes, if IOER is raised to tighten conditions, easing it to zero, or negative, should offset “tightening financial conditions”, right? Wrong. As the FT reports leading US banks have warned the Fed that should it lower IOER, they would be forced to start charging depositors.
Image: Chase Bank (Wikimedia Commons).
In other words, just like Europe is already toying with the idea of NIRP (and has been for over a year, if still mostly in the rheotrical and market rumor phase), so the Fed’s IOER cut would also result in a negative rate on deposits which the FT tongue-in-cheekly summarizes “depositors already have to cope with near-zero interest rates, but paying just to leave money in the bank would be highly unusual and unwelcome for companies and households.”
If cutting IOER was as much of an easing move as the Fed believes, banks should be delighted – after all, according to the Fed’s guidelines it would mean that the return on their investments (recall that all US banks slowly but surely became glorified, TBTF prop trading hedge funds since Glass Steagall was repealed, and why the Volcker Rule implementation is virtually guaranteed to never happen) would increase. And yet, they are not:
Executives at two of the top five US banks said a cut in the 0.25 per cent rate of interest on the $2.4tn in reserves they hold at the Fed would lead them to pass on the cost to depositors.
Banks say they may have to charge because taking in deposits is not free: they have to pay premiums of a few basis points to a US government insurance programme.
“Right now you can at least break even from a revenue perspective,” said one executive, adding that a rate cut by the Fed “would turn it into negative revenue – banks would be disincentivised to take deposits and potentially charge for them”.
Other bankers said that a move to negative rates would not only trim margins but could backfire for banks and the system as a whole, as it would incentivise treasury managers to find higher-yielding, riskier assets.
“It’s not as if we are suddenly going to start lending to [small and medium-sized enterprises],” said one. “There really isn’t the level of demand, so the danger is that banks are pushed into riskier assets to find yield.”
All of the above is BS: lending has never been a concern for the Fed because if it was, then one could scrap QE right now as an absolute faiure. Recall that as we showed recently, the total amount of loans and leases in commercial US banks has been unchanged since Lehman, with the only rise in deposits coming thanks to the fungible liquidity injected by the Fed.
Furthermore, contrary to what the hypocrite banker said that “the danger is that banks are pushed into riskier assets to find yield”banks are already in the riskiest assets: just look at what JPM was doing with its hundreds of billions in excess deposits, which originated as Fed reserves on its books – we explained the process of how the Fed’s reserves are used to push the market higher most recently in “What Shadow Banking Can Tell Us About The Fed’s “Exit-Path” Dead End.”
What the real danger is, is that once the Fed lowers IOER and there is a massive outflow of deposits, that banks which have used the excess deposits as initial margin and collateral on marginable securities to chase risk to record highs (as JPM’s CIO explicitly and undisputedly did) that there would be an avalanche of selling once the negative rate deposit outflow tsunami hit.
Needless to say, the only offset would be if the proceeds from the deposits outflows were used to invest in stocks instead of staying inert in some mattress or, worse (if only from the Fed’s point of view) purchase inert assets like gold or Bitcoin.
Which brings us back to the first sentence and the Fed’s now massive Catch 22: on one hand, shoud the Fed taper, rates will surge and stocks will once again plunge, as they did, in early summer, just to teach the evil, non-appeasing Fed a lesson.
On the other hand, should the Fed cut IOER as a standalone move or concurrently to offset the tapering pain, banks will crush depositors by cutting rates, depositors will pull their money from banks en masse, and banks will have no choice but to close on a record levered $2.2 trillion in margined risk position.

1973 UN Publication Proposes Creation of Global “Family Planning Communication Resource Units”

Jurriaan Maessen
November 25, 2013
Matheny's Note: This article was originally written back in 2010, but the information is extremely important to understand....
As we have seen, the elite are going all the way with their eugenics-based programs. From genetically modified crops, finding their way into our daily meals, to the introduction of eco-taxes bogus and “carbon cops.” Mainstream media, as usual, have aligned themselves in injecting preprogrammed messages of impending doom. This, as we shall learn, is no coincidence.
“Family planning is for YOU.”
A 1973 UNESCO-publication called Mass Media, Family Planning and Development: Country Case Studies on Media Strategy proposes the creation of a ‘family planning communication resource unit’ for every nation concerned within the UN-system, especially third-world nations. The reason being, so the report states, that “culturally, there is an emphasis on fertility, and the birth of children to the family is celebrated, as a symbol of prosperity and for status for women.”
Because the boys from the UN can’t have that, significant reduction of the population-size should be accomplished through an elaborate media campaign from every possible viewpoint. But for thismedia onslaught to be effective, the engineers must first go after ancient tribal instincts, revolving around procreation and creativity. They must be branded suspect- and so must religion and tribal mythology.
The writers however, mean not to destroy these human tendencies, they mean to utilize them to their own advantage and that of their masters instead. “The religion”, they say, “supports the idea that children are ‘God’s Greatest Blessing’ but can also be used to encourage the idea that every child should be given the best opportunities parents can offer. There is also a favourable attitude to economic development, a desire to raise living standards, and a desire for education. These factors are helpful in the development of a Preliminary Media Strategy.”
A Communication Resource Unit”, the document continues, “is responsible for the implementation of media policy for one, or more than one field.” The document proceeds with outlining the functions of such a unit in regards to family planning messages: “The integration of messages is a matter which concerns the Communication Resource Unit, in that an integrated approach to family planning needs to be worked out. (…) These (messages) may be ‘family planning for maternal health’, ‘family planning for family prosperity’, ‘family planning for your figure’, ‘family planning for national prosperity’, family planning for child development.’ These messages will be pretested to find those which seem to appeal most to the eligible age groups.”
One of the many case studies (country case study nr.1) involves an unnamed “small island”, total population 3,000,000. Describing the current situation, the report states: “Mass media approaches to family planning are wholly financed by the Government and, since 1968, radio, television and the press have been used to give information about family planning and to create an awareness of the need for population control.” One of the chief objectives for the ‘resource unit’, will be to “extend(ing) the family planning coverage to 90% of the eligible population. The aim at this point is to bring the number of children per family nearer to three rather than four, and to gradually reduce this to two children per family at a later stage.”
As one of the first proposed ‘phases’ of the programme, the document describes several messages to be embedded within television commercials. “A couple are shown over one of the new Government flats. They are unable to take it, because the accommodation provided is for families with two or three children. Preference is given to smaller families. They (the large family) will have to wait longer.” Another example: “The picture shows a married woman with one child. She is stopped by a voice saying “Do you know about family planning?” “Your local clinic has all the information.”" Or: “(Picture changes to a smiling woman with clinic appearing) “Family planning is free in all clinics (…)”". How about this one: “Don’t put off family planning. Tomorrow may be too late. See your clinic today.” You gotta also love this one: “A picture on the screen could show a woman talking to a consultant about family planning. She turns to the viewers and says: “I’m glad I made up my mind about family planning.””
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Cartoons, say the authors, could also help implant a family planning message, for example “a cartoon in the most widely read newspaper could take the opportunity to ridicule those who cling to the old ways to the detriment of their families.”
Both television and radio advertisements are subject to the strategies of the Communication Resource Unit: “Advertising on television will be in the evenings, between popular programmes, when a broader audience (both male and female) is expected.” With regards to radio advertising, the report says: “The commercials can be played into record request programmes, women’s programmes, at programme junctions, before and after news breaks, popular serials and plays. The message should be simple, sympathetic, catchy.”
For example”, the report continues, “messages like these can appeal specifically to the over thirty age group: “Family planning is for YOU. Have you had two children or more? The now’s the time to visit your local clinic.” And: “Most people plan their families. They know that education, clothing, housing, all cost money. How many children can you afford?” In another instance, people are being scared with all kinds of gruesome images: “For example, the commercial might begin with the hungry cries of four or five children, followed by the tired voice of the mother.” The examples in the document go on and on, crudely distributing messages into the mass media: “A sequence might be set up, (…) showing John and Mary with two children. The caption reads: “John and Mary…. nice house ……lovely children”, and another (showing another couple with four children), “Doris and Jack….. no house ….. too many children.”
Personality shows”, the report mentions, “can be useful in the reinforcement phase. (…) A well known personality who demonstrates an interest in family planning, or remarks on the success of the campaign, can often add credibility to the family planning message.” The report would like to see these personalities follow the script word for word, for example in response to a woman, who recently gave birth to her first child: “Well, that’s marvellous”, the radio personality should respond, “Congratulations Mrs……… I suppose you won’t be having any more children for a bit. You want that boy of yours to grow healthy and strong and I know you need time to recover- Children take up a lot of your time, don’t they?” The document states that personality alone cannot fully carry the message through to the listening audience: “Jingles and spot announcements, jokes and quick comments, can be included in the programmes, which will then have the effect of keeping the subject of family planning firmly in mind.”
How would the Unesco-people arrange all this, just by voluntary compliance of the media-people involved? “There may be some scheme whereby those people will be paid for their work (…)”- says the document. In other words: bribery is being proposed as an acceptable means of bringing the media into the overall strategy.
Also community plays should be used to convey the message: “The afternoon play can carry the theme, skillfully woven into the story. It is possible that some plays could be specially written for the purpose, but it is probable that the message can be incorporated into plays by those writers who have been briefed well enough in advance.” Music and pamphlets are another way of doing it, the report says: “Songs can be useful in this phase, (…). They must be professionally composed and recorded, and the messages must be reasonably subtle if it is to be acceptable to programmers.”
But the Resource Unit won’t restrict itself to just radio, TV and plays. Feature films are considered perhaps to be the most effective tools in conveying the message to unsuspecting audiences: “(…)There are two ways in which the family planning message can be included in feature films. The first is for the family organisation to commission a film specifically for the campaign. (…) if it is to be successful, well known and popular actors must be chosen, and the scripting and direction has to be professionally executed. Another method is for the family planning theme to be introduced into feature films which are already planned and prepared by local commercial production companies. In this case, the family planning organisers must be aware of the possible ways in which the theme can be subtly incorporated, as producers are not likely to respond to a suggestion which involves the total re-thinking of the plot. (…) Suitable opportunities can be found in love stories, in stories based on conflicts between men and women (…).”
And the document continues on, listing example after example- illustrating quite vividly the willingness on the part of the Malthusian-minded elite to lie, cheat and deceive in order to convince people that ‘less is more’. As this document shows, nation after nation is methodically bombarded with predictive programming-propaganda, requiring of the receiver an almost superhuman set of defence mechanisms to fence off the pitchforks of the eugenicists, poking at them from all sides.
This article was first posted: Friday, July 30, 2010 at 8:50 am

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