“Bad Banks” a bomb of € 1.000 billion for European taxpayers
Overshadowed by the sovereign debt crisis and the recession of the real economy, the crisis “subprime” is not a done deal. Detonator European financial bomb, it leaves a bill that banks and European states are not ready to settle. To save big banks, crippled by bad debts and illiquid assets accumulated over the years since 2007, constituted “bad banks.” Balance, six years after [...]
June 18th, 2013
(Passenger Daniel Perry is escorted off of a United Flight originating in Hong Kong.
Is he a national intelligence asset?)
To add further drama and confusion to the story of Edward Snowden, NSA Spying and Central Intelligence Agency involvement, a passenger on a U.S. bound flight out of Hong Kong Monday claimed that intelligence agents had detained him, were going to kidnap him, take him to a safe house, [...]
ALERT: Peter Morici: As Federal Reserve meets, Americans should consider cutting spending
Wednesday, the Federal Reserve is expected to indicate how quickly it will push up interest rates.
Ordinary Americans can expect monthly payments on home purchases to rise, selling houses they already own to get tougher, and interest rates to jump on credit cards and other consumer loans.
Recent retail sales reports indicate the average family is spending freely and not saving [...]
by Phoenix Capital Research
The big question on every investors’ lips today and tomorrow is: “will the Fed announce or hint at tapering QE?”
Over the last two years, one of the biggest tools in the Fed’s arsenal has been verbal intervention: the act of saying something in order to push the market up. Time and again 2011-2012 saw various Fed Presidents appear at key points to push the market higher by promising more [...]
Obama Drops A Big Hint That Bernanke Isn’t Coming Back
President Barack Obama hinted in an interview aired on Monday that he may be looking for a new chief of the U.S. Federal Reserve Bank, saying current Chairman Ben Bernanke has stayed a lot longer than he had originally planned.
Obama, speaking to Charlie Rose, host of a PBS interview program, compared Bernanke to longtime FBI Director Robert Mueller, who agreed to [...]
Sharyl Attkisson Shares Update On Computer Hacking Investigation
Just days after CBS News confirmed that reporter Sharyl Attkisson’s computer had indeed been hacked, Attkisson spoke to Dom Giordano about the investigation.
“This suspicious activity has been going on for quite some time – both on my CBS computer and my personal computer,” Attkisson said. “CBS then hired its own independent cyber security firm, which has been conducting a thorough forensic exam … [...]
Pressure builds for China rate cut
THE prospect of an interest rate cut in China is growing after a sudden surge in the nation’s short-term money market rates.
The Shanghai Interbank Offer Rate (Shibor) has spiked in the past week to the highest level in more than a year, prompting fears of a liquidity crisis in China’s financial system.
The rate, which measures the rate at which banks lend to one another, has [...]
Peter Schiff: US economy is “completely phony”, take away cheap money & it implodes
It is important to know that many factors are involved in building pressure underground, and many others involved in triggering earthquakes.
Not all coronal holes produce quakes and not all major upticks in seismicity occur with coronal holes.
An uptick has begun again, the coronal holes are set.
Not every such situation creates the danger, but it seems the danger prefers these situations.
HAARP Server Down
1 massive coronal hole and 7 active regions currently [...]
The ‘Lifeline’ free-cell-phone scheme cost $2.2 BILLION last year alone, all of it from fees added to the phone bills of paying customers
The biggest beneficiary other than low-income consumers is billionaire Carlos Slim Helu, whose TracFone has collected $1.5 BILLION to date
One company told MailOnline it will fire a salesperson who laughed uproariously when a woman said she would sell her phone to buy shoes
Conservative firebrand James O’Keefe sent undercover [...]
As many as 200,000 demonstrators marched through the streets of Brazil’s biggest cities on Monday in a swelling wave of protest tapping into widespread anger at poor public services, police violence and government corruption.
Brazil is under Siege: Protest in all Major Cities. Rio 100 thousands, Sao Paulo, 65 thousands. Brasilia, Capital: Congress was invaded.
Brazil riots: Tens of thousands of demonstrators march through city streets in widespread anger over gov’t corruption
This was amazing to watch. I think I was the only one noticing what was happening outside the window of the plane, and this time I captured it. On a previous occasion I saw a load of Japanese sewing machines with ‘this way up’ and ‘fragile, handle with care’ stickers over the boxes also being thrown on to the conveyor.
Lesson: Pack it well, because it wont be treated well.
June 18th, 2013
When the Cypriot government forced account holders to cover bank losses earlier this year most of the world assumed this was a one-off event, limited only to the people of Cyprus.
Though warnings urging depositors to get their money out of banks spread across the world, few have taken them seriously.
Perhaps now they’ll reconsider.
We’re all familiar with bail-outs, as in the government rescuing failed institutions, namely banks, by injecting them with [...]
What do 1929, 2000 and 2007 all have in common? Those were all years in which we saw a dramatic spike in margin debt. In all three instances, investors became highly leveraged in order to “take advantage” of a soaring stock market. But of course we all know what happened each time. The spike in margin debt was rapidly followed by a horrifying stock market crash. Well guess what? It [...]
The IRS may have utilized surveillance data collected by the National Security Agency to harass political opponents of the Obama administration, including the tea party, charged NSA whistleblower William Binney in a radio interview.
After working in the intelligence community for more than 30 years, Binney retired from the NSA in 2001. He co-founded a unit on automating NSA signals intelligence and served as technical leader for NSA intelligence in 2001. [...]
Last Monday, our Malcolm Massey, Neil Foster and Mark Anderson took a post-Bilderberg walk around the Grove Hotel to see what they could see. What they found was a meeting room with a Thomson Reuters display panel.
The display panel with Thomson Reuters logo clearly marked was entitled “unleashing the power of our unified platform on financial markets”.
A Bilderberg Agenda Item?
Why would Thomson Reuters advertise to Bilderberg Attendees? It is easy [...]
Radar indicated a tornado briefly touched down Tuesday over the east runways of Denver International Airport, where thousands of people took shelter in bathrooms, stairwells and other safe spots until the dangerous weather passed, officials said.
HUGE crowds of millions!!! Brazil is coming apart at the seems!!!
Tucked deep in the 1,198-page U.S. House agriculture policy legislation is an initiative to guarantee prices for sushi rice. So too is insurance for alfalfa and a marketing plan for Christmas trees.
Catfish farmers also get a morsel in the proposal being taken up this week: profit-margin insurance. The products represent a tiny fraction of the $440 billion U.S. farm economy.
Yet each is slated to receive special treatment — either [...]
Most investors can’t tell the difference between “sponsored investment research” and independent analysis, and that’s exactly what the “sponsors” — typically small companies paying for a marketing campaign that will inflate their stock activity and value — are counting on.
The difference gets even tougher to figure out when the sponsor hires someone who is known for giving independent commentary colored only by their own feelings and research.
Google asked the secretive Foreign Intelligence Surveillance Court on Tuesday to ease long-standing gag orders over data requests it makes, arguing that the company has a constitutional right to speak about information it’s forced to give the government.
The legal filing, which cites the First Amendment’s guarantee of free speech, is the latest move by the California-based tech giant to protect its reputation in the aftermath of news reports about sweeping National Security [...]
Conservative activists are planning to storm Capitol Hill on Wednesday for what they are predicting will be “the largest Tea Party protest since 2010.”
The protest — drawing tea partiers like TV host Glenn Beck and Kentucky Sen. Rand Paul — is in response to the Internal Revenue Service’s recent admission that it has been specifically targeting conservative groups for extra scrutiny.
The gathering on the West Lawn of the Capitol is being called [...]
Heavy blasts are rocking an ammunition depot in Russia’s Samara Region, where over 13 million shells are stored. The police have started evacuation of the nearby communities.
DETAILS TO FOLLOW
Israel’s President Peres calls for independent Palestinian state – @CNBC http://bit.ly/11lHm7y
Israeli President Shimon Peres called for the establishment of an independent Palestinian state: http://cnb.cx/10uaLhg
now? after 50 yrs trying to exterminate them? RT @breakingpol Israel Prez calls for independent Palestinian state http://bit.ly/11lHm7y
Israeli President Shimon Peres called for the establishment of an independent Palestinian state: http://cnb.cx/10uaLhg
Kerry trying to build support for peace talks that would establish an independent Palestinian state http://wapo.st/14ZJ3du
Obama: Palestinians [...]
Cyprus’ president is asking EU leaders to completely alter the country’s $13 billion bailout.
This is according to an exclusive report from the FT’s Peter Spiegel.
President Nicos Anastasiades warned in a letter that the small island nation might not be able to meet the terms of the rescue agreement because it had harmed the country’s economy too much.
Read more: http://www.businessinsider.com/cyprus-wants-to-overhaul-bank-bailout-2013-6#ixzz2WaWLIsNR
How The Supreme Court Justices Made Their Millions
Ruth Bader Ginsburg boasts the highest potential net worth at $18.1 million withStephen Breyer a close second at $17.1 million. Both were appointed by former President Bill Clinton.
However, Ginsburg’s actual net worth may be as low as $4.4 million and Breyer’s as low as $5 million. Federal officials are also exempt from disclosing the value of their homes, making an accurate calculation even [...]
They Know: Billionaires Are Quietly And Rapidly Dumping Millions Of Shares Of Stock
After the massive crash that rocked global markets in 2008, as Congress, central bankers and major financial institutions met in secret to mitigate the crisis, billionaires like Warren Buffet were buying up shares of some of the hardest hit companies.
At the time, the world was literally on the brink of an unprecedented economic collapse. It was so serious, [...]
WATCH: 2008 Times Square Bike Bomber Plants Explosive
View more videos at: http://nbcmiami.com.
The FBI released new surveillance video that tracks the bike-riding suspect in the 2008 Times Square military recruiting station bombing from 37th Street to the device drop-off point. The surveillance video also captures the moments before and after the explosion.
What took them so long to release it?
Eiffel Tower is evacuated for two hours after man threatens suicide -@AFP
Eiffel tower evacuated after latest suicide bid http://www.ndtv.com/article/world/eiffel-tower-evacuated-after-latest-suicide-bid-381263 …
#world Eiffel tower evacuated after latest suicide bid: The Eiffel Tower had to be evacuated for two hours on… http://dlvr.it/3XQm3f
#SuryaRay #Indian Eiffel tower evacuated after latest suicide bid http://dlvr.it/3XQjZZ @SuryaRay #India
“@ndtv: Eiffel tower evacuated after latest suicide bid http://www.ndtv.com/article/world/eiffel-tower-evacuated-after-latest-suicide-bid-381263 …” What a pity I was in Eiffel Tower in Aug 03 with my [...]
DEVELOPING: @juddzeez: “suspicious package out front [of Washington D.C. CBS News building]. They’ve cleared the block”
DEVELOPING: CBS News building in DC evacuated. Reports of suspicious pkg. https://vine.co/v/hBxYdFKYHi1 – @juddzeez WATCH: pic.twitter.com/YtDrREbFFZ
BREAKING PHOTO: Suspicious pkg in front of CBS News in D.C. MPD evacuated bldg, shut down M St pic.twitter.com/RH8wJ4zWwc – @stevechaggaris
DEVELOPING: @juddzeez: “CBS News Washington evacuated for suspicious package. Awaiting guidance” pic.twitter.com/LBOU91K3n2
#DEVELOPING: @CBSNews building in #WashingtonDC evacuated. Reports of suspicious [...]
Clashes in south Lebanon kill 2: BEIRUT (AP) — Heavy clashes erupted Tuesday between unknown gunmen and follow… http://yhoo.it/12HfoES
Clashes in south Lebanon kill 2 http://yhoo.it/12HfnRr #sp4zee
At least 2 killed in clashes in South #Lebanon http://bit.ly/11vNZ41
Clashes in south Lebanon kill 2 http://dlvr.it/3XQWHS
Clashes in south Lebanon kill 2 http://dlvr.it/3XQLZR (cc: @JIDF) #JIDF
At least 2 are killed in clashes in southern Lebanon - @AlArabiya_Eng
President Obama on Taliban peace talks: ‘I want to publicly commend Afghan President Karzai for taking this courageous step’ -@NBCNews
Afghan President Hamid Karzai says local forces now taking security lead from Nato at formal handover ceremony in Kabul
Peace talks with dictators, terrorists and barbarians. SWELL. // http://f24.my/17VCMRz via @FRANCE24
Afghanistan forces take charge of national security: Kabul, Afghanistan — Afghan President Hamid Karzai announ… http://bit.ly/15gpx7D
UPDATE: Taliban official in Qatar says no [...]
LIVE: NSA chief testifies at House hearing
The chairman of the House Intelligence Committee said Tuesday lawmakers are worried about the possibility of further disclosures about the government’s sweeping electronic surveillance and the impact that could have on efforts to combat terrorism.
“We don’t want to make this thing more damaging that it already has become,” Rep. Mike Rogers said ahead of an open hearing the Intelligence Committee scheduled with [...]
Brazil World Cup Website Hacked: Activists Replace 2014 FIFA World Cup Website With Protest Footage [VIDEO]
There have been widespread protests across Brazil’s largest cities in the last week with one of the key issues for protesters being the lavish spending on stadium projects for the 2014 World Cup. Reports of heavy-handed police tactics used against these peaceful dissenters have been rife on social media with many incidents similar to those [...]
14:54 GMT: Of the more than 50 potential terrorist attacks thwarted by the NSA, over 50 involved overseas targets. Only 10 were plotted to occur within the US, and one involved a plan to bomb the New York Stock Exchange.
@zerohedge justify by non quantifiable fear. No evidence required. Classic.
Government surveillance programs have helped stop more than 50 “potential terrorist events” since the Sept. 11 attacks, the director of the National [...]
Suicide blast targets funeral in Pakistan
A suicide bomber has targeted a funeral procession in northwestern Pakistan, killing at least 27 people, including a legislator, and wounding more than 30 others, police have said.
The attack took place in the town of Sher Garh in Mardan district during funeral prayers for the owner of a local compressed natural gas (CNG) station, Abdullah Khan.
The blast, which police said appeared to target the politician, highlights the [...]
“US officials will meet this week with Taliban representatives in Doha, Qatar, to kick off peace talks, senior officials said. The US is expected to call on the militant group to renounce violence and break ties with Al-Qaeda.
DETAILS TO FOLLOW”
Tens of thousands of people protested in Brazil’s largest cities Monday over dissatisfaction with the high cost of living and a stalled economy.
In São Paulo, what began with demonstrations against a hike in bus fares quickly grew to include Brazilians already incensed by the millions of dollars the government will spend on hosting a series of large-scale sporting events, such as the current Confederations Cup, the 2014 FIFA World Cup [...]
Now You Can Do Algorithmic Trading From Your Couch
Do you have a computer? Good. Now you can be a quant trader.
For years, complex algorithmic trading has been a major profit generator for Wall Street banks and hedge funds.
It has also been a source of employment for programming prodigies — and a source of stress for regulators.
But thanks to the new Manhattan-based startup EquaMetrics, average Joes can now quant trade from the comfort [...]
Pirate Bay Founder Will be Extradited to Denmark
Pirate Bay founder Gottfrid Svartholm will be extradited to Denmark where he faces several new hacking charges. In Denmark, Gottfrid is accused of downloading a large number of files, including police records, from the mainframe of IT company CSC. The timing of the extradition is still unknown since among other things the Pirate Bay founder has to await the verdict in his Swedish [...]