Warren Buffett on Ben Bernanke’s Monetary Policy

“I feel sorry for people that have clung to fixed-dollar investments,” he told investors at Berkshire Hathaway’s annual meeting in Nebraska, an event akin to a rock concert.

Mr Buffett defended the emergency stimulus of Fed chairman Ben Bernanke, saying the “consequences would have been terrible” if the authorities had failed to act, but those nearing pension age have paid the price.

BREAKING INEQUALITY – Why You Will Always Be Poor

http://www.GS2013.org | SIGN | SHARE | CHANGE AMERICA! Share this video and then sign the petition to help end inequality and change our country forever!

This is one of the most important issues our country faces right now and it demands everyone’s attention or else the consequences could be catastrophic.

Breaking Inequality is a documentary film about the corruption between Washington and Wall Street that has resulted in the largest inequality gap [...]

Author of WH drone policy says US would rather kill suspects than send to Gitmo

The lawyer who first drew up White House policy on lethal drone strikes has accused the Obama administration of overusing them because of its reluctance to capture prisoners that would otherwise have to be sent toGuantánamo Bay.

John Bellinger, who was responsible for drafting the legal framework for targeted drone killings while working for George W Bush after 9/11, said he believed their use had increased since because President Obama was unwilling to [...]

Monday Bombshell: Evidence So Damning It Will “Determine the Fate of Our Nation”

Mac Slavo
April 20th, 2013
SHTFplan.com

 

Radio host Glenn Beck has reportedly obtained information regarding the Saudi Arabian national initially detained as a suspect in the Boston Marathon bombing.

According to Beck, the lies surrounding this suspect run so deep that should they become public they will have consequences so severe that the United State of America as we know it will be “done” if the Obama Administration is not held to account.

On his [...]

California governor has 20 days to fix overcrowded prisons or be put on trial

120,000 in prison, 150% more than what they are designed to hold, can you say police state?

The governor of California and other leading authorities will be held in contempt of court in 20 days unless they find a way to release thousands of prisoners from the overcrowded state corrections system.

A panel of federal judges gave Gov. Jerry Brown and the state’s top corrections officials an ultimatum this week, ordering they [...]

States look to tax guns, ammo

Some states and counties are studying whether to tax gun and ammunition purchases. Supporters hope to discourage gun violence or pay for damage it causes

CHICAGO — Cook County, Ill., this month began collecting a $25 tax on gun purchases, and at least six states are considering new taxes on firearms or ammunition as a way to help pay for the consequences of gun violence.

The Cook County tax applies to purchases [...]

BREAKING INTEL: North Korea is fueling a KN08 ICBMs! Waiting for confirmation…

from twitter: https://twitter.com/MShapland
Unconfirmed reports that DPRK is fueling a KN08 ICBM

 

from March 22, 2013:

‘There has been speculation in South Korea about possible recent engine tests for the KN-08. Even at this early stage, though, Pyongyang is apparently taking preliminary measures toward deploying the missile.

“Last April [North Korea] displayed what appears to be a [road-]mobile intercontinental ballistic missile,” U.S. National Intelligence Director James Clapper testified to a Senate panel on March 12. “We believe North Korea has already taken [...]

Say Goodbye to the Purchasing Power of the Dollar, The Consequences of Printing A Trillion Dollars A Year Are About To Begin! Doug Casey: ‘We Are Living In The Middle of The Biggest Bubble In History’

Unusual charts suggest inflation could soon get ugly again

… Next I want to discuss a subject that should be easily visible, but again a lack of basic common sense prevents most people from seeing what’s right in front of them.

I’m talking about inflation. Now if you believe the government’s ridiculous CPI numbers, or the talking heads on TV, you might come to the conclusion that printing $85 billion a month [...]

Stephen King: UK Budget 2013: Britain’s growth problem could devastate the fiscal maths

from FT:

Beyond the headline-grabbing combination of a penny off a pint of beer and the partial creation of a British variant of Fannie and Freddie, there is a deeply-disturbing subtext to the fiscal arithmetic in Wednesday’s UK Budget. It reflects an admission from the Office for Budget Responsibility that the underlying growth rate of the UK may be weaker than had been previously assumed.

True, the OBR’s central projections contain the [...]

Stephen King: UK Budget 2013: Britain’s growth problem could devastate the fiscal maths

from FT:

 

Beyond the headline-grabbing combination of a penny off a pint of beer and  the partial creation of a  British variant of Fannie and Freddie, there is a deeply-disturbing subtext  to the fiscal arithmetic in Wednesday’s  UK Budget. It reflects an admission from the Office for Budget  Responsibility that the underlying growth rate of the UK may be weaker than had  been previously assumed.

True, the OBR’s central projections contain the [...]

White House to Respond to Chem Weapon Deployment In Syrai

“Terrorists fired a rocket containing chemical substances in the Khan al-Assal area of rural Aleppo and initial reports indicate that around 15 people were killed, most of them civilians,” Sana, the state news agency, said in an initial report. The agency later upped its report of the death toll to 25.

A spokesman for the Foreign Office said officials were investigating the claims and warned the consequences could be very serious.

http://www.telegraph.co.uk/news/worldnews/middleeast/syria/9940103/Syria-regime-accuses-rebels-of-killing-25-in-chemical-weapons-attack.html

N. Korea warns border residents to flee ahead of “thunderous attacks”

AFP
March 17, 2013

Residents of a South Korean island closest to the tense sea border with North Korea have shrugged off a warning from Pyongyang urging them to flee ahead of “thunderous attacks”, an official said on Sunday.

The North’s official website, Uriminzokkiri, told residents of five islands south of the border to leave, warning of “devastating consequences” if recent cross-border tension escalates into a full-scale conflict.

“The wisest choice when the fire [...]

It’s official: Women ARE grumpier than men in the mornings

Women are more angry and hostile if they get insufficient sleep, say North Carolina scientists
Sleep deprivation also increases women’s risk of heart disease, stroke and depression

But a man’s health is barely affected by lack of sleep

If the woman in your life woke up grumpy this morning, don’t be too hard on her. It is, apparently, only natural.

Scientists have discovered  that women need more sleep than men. And chances are, she’s [...]

Gov’t Advertises for Nearly 2,600 New Jobs Since Sequestration

With Office of Management and Budget fact sheets in hand, President Obama warned of dire cutbacks and consequences should sequestration go into effect March 1.

The cuts happened, White House tours have been halted, and the administration swears it’s not overreacting to the bare-bones budget directive.

But in the days since the hammer of sequestration fell, the federal government is hiring anew.

A search tonight of the USA Jobs federal employment website, filtered [...]

Trader alert: A bearish sign is developing in several important markets

From All Star Charts:

It looks to me like the U.S. stock market is finally joining this Bearish Divergence party that we’ve seen throughout Europe this year. I think this is a development that is worth paying attention to.

You see, when prices in a given asset class make new highs, we also want to see momentum putting in higher highs. When momentum diverges, it’s a heads up that something isn’t right.

Think [...]

MORGAN STANLEY: ‘The Odds Favor A Government Shutdown’

The government managed to get us passed the “fiscal cliff.” But they did so by creating three more smaller, but still substantial “cliffs.”

 

And according to Morgan Stanley’s Vincent Reinhart we’re likely to go over one of those cliffs, and it’s unclear what the consequences will be.

First, let’s review how we got passed the “fiscal cliff.”  Reinhart summarizes in a new research note:

The “resolution” of the sudden stop in the federal [...]

25 Signs American Women Are Being Destroyed By The Sexual Revolution And Our Promiscuous Culture

by Michael

Has the sexual revolution been good for American women?  Not at all.  In fact, when you look at the facts it becomes clear that the sexual revolution has been an absolute disaster for American women.  In the United States today, men have been trained to primarily view women as sex objects, and our culture has become exceedingly promiscuous.  As a result, the United States leads the world in teen pregnancy, [...]

“A 10% cut from the NIH budget (the so-called “sequester” plan) would save 0.008% of the federal budget. This matters not a whit in the overall budget debate – but it would be a huge blow to biomedical research, crippling some research programs for years to come.”

from Forbes:

ongress is killing medical research.  The tragedy is that they don’t want to, but they may do it anyway.

While the ridiculous posturing about the U.S. budget deficit drags on, seemingly without end, biomedical research in the U.S. is crumbling.  Congress’s chronic inability to pass a budget, and especially the delays this year, are deeply damaging the core of our entire biomedical research enterprise: the National Institutes of Health.

Outside the beltway, the [...]

Worst Since The Early 1980s: 65 Percent Of Americans Believe That 2013 Will Be A Year Of Economic Difficulty

By Michael

Do you believe that economic trouble is coming in 2013?  If so, you have a lot of company.  According to a brand new Gallup poll that was just released, 65 percent of Americans believe that 2013 will be a year of “economic difficulty” while only 33 percent of Americans believe that 2013 will be a year of “economic prosperity”.  Gallup has been asking this question for a lot of years, and the percentage [...]

Richard Haas: US immigration reform will happen – at last

from FT:

The November election had many consequences, but few may be as profound as its impact on the likelihood of immigration reform.

Why? It has a good deal to do with domestic politics. One out of every six Americans is of at least some Hispanic heritage. The Republican party will not continue to be a national party able to compete successfully in presidential elections unless it embraces a more open approach [...]

BREAKING: EU Banking Union In The Making – TODAY!

It’s funny how in American media, Europe is often referred to as if it was one state. This message is delivered through the MSM, which of course obeys the agenda of the globalists.

Europeans have been pushed for years to become one nation, which is something very few over here really want. There are somany different cultures here, not melt together as in the US but residing on their own areas, there’s just no [...]

STUDY: Gossip Makes Up 90 Percent Of Workplace Conversations

INDIANAPOLIS, Ind. (CBS Cleveland) – A team of researchers in the Netherlands found that 90 percent of conversations are gossip. But not all gossip is malicious.

The team of psychologists at the University of Amsterdam says that gossip in the workplace can be to warn co-workers about others who are not pulling their weight, or try to get lazy workers to contribute more.

Bianca Beersma and Prof. Gerben Van Kleef, co-authors of the [...]

GOP: Extend Tax Cuts to Revitalize Economy

upi.com
December 1, 2012

Republicans Saturday said it was vital to the U.S. economy that tax breaks for the highest-income brackets be extended.

In the party’s weekly media address, Sen. Orrin Hatch, R-Utah, said the wealthy were the font of the nation’s job creation and allowing their tax bills to go up would have dire consequences on working folks.

“We should not raise these taxes, but we should enact comprehensive tax reform that will [...]

Ron Paul: “Why I Don’t Run As An Independent”

zerohedge.com
December 1, 2012

 

Many have wondered if Ron Paul would have run as an independent. Here is his answer: “[I didn't consider running as an independent because] it is absolutely not practical. This would have been a good year to have an alternative and you can’t get much of a showing either on the libertarian side or the green side”…. the Republican and Democratics “parties are going to linger because they [...]

Will president be in Hawaii when nation goes over ‘fiscal cliff’? Obamas plan 20-day, $4 million vacation

President Obama is reportedly scheduled to be vacationing in Hawaii on January 2, the date billions in spending cuts – and untold consequences for the economy – will kick in if a deal is not reached on the “fiscal cliff.”

According to the Hawaii Reporter, residents who live in the area of Oahu where Obama and his family vacation have been told that the usual restrictions on their movements during an Obama [...]

IRAN accusing US NAVY of ILLEGAL ACTS in the Gulf- WARNED of consequences if it continues

…The letters, circulated Friday, urged Ban to warn the U.S. “against the continuation of acts in violation of international law and of the adverse consequences of any provocative and dangerous acts for which the United States government would be held responsible.”

http://www.cbsnews.com/8301-202_162-57553835/iran-accuses-u.s-navy-of-illegal-acts-in-gulf/

One day soon one of these games is going to lead to an event that will set in motion the real SHTF…that there is no return from and no negotiating [...]

Student Expelled for Refusing Location Tracking RFID Badge

School makes good on threat of ‘consequences’ for refusing to submit to ‘Mark of the Beast’ ID scheme

Aaron Dykes
Infowars.com
November 19, 2012

After months of protesting a policy requiring high school students to wear an RFID-enabled ID badge around their necks at all times, Andrea Hernandez is being involuntarily withdrawn from John Jay High School in San Antonio effective November 26th, according to a letter sent by the district that has now [...]

Bartiromo: ‘Fiscal Cliff’ Deal? Don’t Count on It

The Mayans may not be right about the world ending by the end of 2012, but the next month and a half is looking a lot more panic-stricken than celebratory.

The ongoing fight over the “fiscal cliff” may overshadow everything else as we get closer to the new year. Sadly, compromise seems hard to come by, even though the consequences of going over the cliff — hundreds of billions of dollars of spending [...]

ROMNEY CAMPAIGN ELECTION SOFTWARE CRASHED ON ELECTION DAY

Many things went wrong with Romney’s campaign for president, but one of the biggest was the epic failure of the campaign’s big-data app for getting out the vote, called Orca. When the campaign needed it most, Orca was beached.

Politico has an excellent summary of the problems it says that Orca had. Among them were that the Romney campaign kept it secret and didn’t beta-test it before it was rolled out on [...]

The Politicians We Have Chosen Reflect Who We Are As A Nation

by Michael

The American people have spoken.  It is estimated that approximately 6 billion dollars was spent on political campaigns in 2012, and we ended up exactly in the same place that we were before.  Barack Obama is still in the White House, the Democrats still have solid control of the U.S. Senate and the Republicans still have solid control of the U.S. House of Representatives. Clearly, the American people want more [...]

Vegas Employer: Obama Won, So I Fired 22 Employees

LAS VEGAS (CBS Las Vegas) — A Las Vegas business owner with 114 employees fired 22 workers today, apparently as a direct result of President Obama’s re-election.

“David” (he asked to remain anonymous for obvious reasons) told Host Kevin Wall on 100.5 KXNT that “elections have consequences” and that “at the end of the day, I need to survive.”

Here’s an excerpt from the interview. Click the audio tab below to hear even [...]

Amendment 64 Passes: Colorado Legalizes Marijuana For Recreational Use

Matt Ferner
Huffington Post
November 6, 2012

The Rocky Mountain High just got a whole lot higher. On Tuesday night, Amendment 64 — the measure which sought the legalization of marijuana for recreational use by adults — was passed by Colorado voters, making Colorado the first state to end marijuana prohibition in the United States.

With about 36 percent of precincts reporting at the time of publishing, 9News and Fox31 report that Amendment 64 [...]

Price-rigging by governments is failing:

On Lew Rockwell today:

The Free Market’s Slow Death by Alisdair Macleod GoldMoney.com

Much has been made in the press of the manipulation of LIBOR, without much explanation of the consequences for prices of all things that depend on supply and demand for bank credit. Outrage focuses on the activities of avaricious bankers, which is why the connection never gets made between relatively minor manipulations of credit pricing by banks and far [...]

JIM O’NEILL: I Just Spent A Week In DC, And I Left More Freaked Out About The Fiscal Cliff

You would think that the horrific fiscal cliff scenarios relayed by economists would get Congress moving as the deadline to act is fast approaching.

 

This was the assumption Goldman’s Jim O’Neill had made, only to be disappointed.

O’Neill recently spent a week in DC.  Here’s what he had to say in his new Viewpoints note:

That evening, I watched an hour or so of the debate live before my age and jet lag caught up [...]

Dutch Govt Proposes Cyberattacks Against Everyone

Dutch Government Proposes Cyberattacks Against… Everyone

Westside,
last week the Dutch Minister of Safety and Justice asked the Parliament of the Netherlands1 to pass a law allowing police to obtain warrants to do the following:

Install malware on targets’ private computers
Conduct remote searches on local and foreign computers to collect evidence
Delete data on remote computers in order to disable the accessibility of “illegal files.”

Requesting assistance from the country where the targetted computer(s) were [...]