An al Qaeda terrorist stated in a recent online posting that U.S. Ambassador to Libya J. Christopher Stevens was killed by lethal injection after plans to kidnap him during the Sept. 11 attacks in Benghazi went bad.
The veracity of the claim by Abdallah Dhu-al-Bajadin, who was identified by U.S. officials as a weapons expert for al Qaeda, could not be determined. However, U.S. officials have not dismissed the terrorist’s assertion.
James Turk of Goldmoney.com predicts, “It’s inevitable you are going to see bail-ins as we go forward from here because the capital just doesn’t exist.” He also says gold is going much higher in a scramble for tangible assets. Turk points out, “The problems we’ve been confronting the past several years haven’t gone away . . . governments have been trying to buy time, but they aren’t coming up with [...]
“People are perceiving the drop in price as a gigantic buying opportunity. It’s on sale at a lower price.” The dollar is going to dramatically lose value. Barisheff predicts, “What’s different than the other 65 hyperinflations is, this time, we are going to have global hyperinflation.”
http://usawatchdog.com/global-hyperin… Nick Barisheff, President and CEO of Bullion Management Group, says nothing has changed to justify gold’s dramatic price drop. Barisheff says, “When I listened to the debt [...]
WHO says new bird strain is “one of most lethal” flu viruses
BEIJING/LONDON (Reuters) – A new bird flu strain that has killed 22 people in China is “one of the most lethal” of its kind and transmits more easily to humans than another strain that has killed hundreds since 2003, a World Health Organization (WHO) expert said on Wednesday.
Taiwan confirms first H7N9 bird flu case outside China
Taiwan on Wednesday reported [...]
March 30, 2013
When I first heard about the Cyprus ritual execution bailout, I had thought that the widespreadpredictions that the island nation’s economy would contract by 20% to 30% over the next two years were off base.
I thought it would happen much faster, on the order of two to three months. An estimated 45% (mind you, 45%!) of the economy is banking, and almost all of that international banking. So if you generously assume 200% [...]
And the Taboo Against Grabbing Depositors’ Money Has Now Been Broken
Lee Buchheit – the world’s leading expert on sovereign debt – explains the Cyprus fiasco, says that a second bailout may be needed, and explains that the deposit grab in Cyprus has destroyed the taboo against forcing losses on depositors:
Background here, here and here.
Supreme Court Justice Antonin Scalia was torn to shreds in the media for calling the Voting Rights Act a “racial entitlement” during heated arguments last week.
But that was just part of the “ugliness that erupted from the bench” when the high court heard a challenge to Section 5 of that 1965 law, Linda Greenhouse writes in The New York Times.
Section 5 requires part or all of 16 states (mostly in the South) [...]
Caption: Residents have noticed a cluster of similar holes on their properties, causing alarm that the street may collapse.
Storm recovery volunteer Steve Major picked up on a pattern of the holes as he was going door-to-door for a relief group last week along Beach 68th St. near Bayfield Ave.
“I’m extremely concerned that what’s visible isn’t the full extent of it,” said Major, an engineer and construction worker who came from [...]
Millions of office workers are logging on to the world’s most popular free porn website from their work computers, a sex therapist has claimed
Dr Christoph Ahlers said of 60million people viewing the X-rated site on a daily website, two thirds were doing so while at the office
It sounds like a risky move for workers hoping to liven up a dull day in the office.
But millions of people are surreptitiously viewing [...]
New flyover footage shows changes (VIDEOS)
Hecox warned the gas can pass through concrete slabs and accumulate in enclosed spaces.
He said he hopes there is no gas accumulation problem, but right now there is no way to tell.
New sinkhole image shows ‘original edge’ of Napoleonville salt dome is gone — Section thousands of feet tall (PHOTO)
From Casey Research:
Is the Federal Reserve really doing such a bad job… or does it actually do exactly what it’s supposed to do, but the average American is in the dark about what that is?
In this explosive video, Casey Summit speaker G. Edward Griffin, author of The Creature from Jekyll Island, talks about the Fed’s real role in the U.S. economy and why – contrary to common belief – it [...]
One of the world’s leading ice experts has predicted the final collapse of Arctic sea ice in summer months within four years.
In what he calls a “global disaster” now unfolding in northern latitudes as the sea area that freezes and melts each year shrinks to its lowest extent ever recorded, Prof Peter Wadhams of Cambridge University calls for “urgent” consideration of new ideas to reduce global temperatures.
In an email to the Guardian he says: [...]
August 16, 2012
Professor Julian Savulescu said that creating so-called designer babies could be considered a “moral obligation” as it makes them grow up into “ethically better children”.
The expert in practical ethics said that we should actively give parents the choice to screen out personality flaws in their children as it meant they were then less likely to “harm themselves and others”.
The academic, who is also editor-in-chief of the Journal [...]
Without a doubt Syracuse, New York is headed for bankruptcy. Not only is there an “official denial” but the mayor of Syracuse is seeking legal guidance on municipal bankruptcy.
Once again, public union wages and benefits, especially police and firefighters’ pensions are smack in the midst of it.
Please consider this news headline which I openly mock: Expert says bankruptcy for Syracuse is unlikely, but mayor should explore option
Read more at
The eurozone is on a path into a deep recession. As one of the largest and most advanced economies in the world, its centrality to a system of highly-interconnected global supply chains is taken for granted.
David Korowicz, a physicist and human-systems ecologist, recently authored a lengthy 78-page white paper titled: “Trade-Off: Financial System Supply-Chain Cross-Contagion: a study in global systemic collapse.”
It explores the increasing systemic risk brewing in the global financial and [...]
The lumbering California economy could be slowed by a prolonged shutdown of the huge Chevron Corp. refinery in Richmond, which provides a sizable chunk of the state’s fuel-making capability, a UCLA expert said.
Gasoline prices in California could surge as much as 35 cents a gallon, taking the edge off the state’s modest growth rate now estimated to be roughly 2%, said William Yu, an economist with the UCLA Anderson Forecast.
Warning: The Economic Collapse Could Begin on Aug. 1st
July 25, 2012
By Terry Weiss, Money Morning
Noted expert Peter Schiff says the U.S. economy is on the verge of an economic collapse worse than 2008 and is warning investors to take immediate steps to protect themselves.
In a gripping interview on Yahoo Finance, Schiff warns that while the Fed’s moves could “artificially” bolster the economy – and bring investors false hope that things [...]
Intentional distortions of one of the world’s most important financial benchmarks has sparked a worldwide scandal.
What’s more, suggestions that central banks knew about manipulations of the London Interbank Offered Rate (LIBOR) and looked the other way have led many to accuse central banks of failing in their duty of keeping the financial markets working properly.
Manipulations of the LIBOR rate, while minuscule to most individuals, had much more substantial effects in the money markets, [...]
From Economic Policy Journal:
The list below will not make anyone a scholar in libertarianism or an expert in Austrian economics. It is designed to introduce to the busy individual the essence of libertarianism.
There are 30 articles listed below.
If one reads one article, slowly and carefully, per day, by the end of 30 days one should have a very strong grasp of libertarian principles and a basic understanding of Austrian economics.
May 12, 2012
Glass-Steagall worked for decades, as bankers were not allowed to take deposits and make risky bets with them. Risk can take two forms. It can be a bet on a less certain outcome, or a fairly safe bet levered up with funds from the Fed or who knows where.
Apparently Jamie Dimon made a relatively safe bet on interest spreads, levered up, so that if anything went [...]
— Reduce the number of trips taken by car: try cycling, taking public transit or an auto sharing program that includes the price of gas.
— Rethink the time of day you’re travelling, is it worth the gas to sit in rush hour traffic for a bag of milk?
— Slow down! Most vehicles get maximum fuel efficiency around 93 kilometres per hour. “Every ten kilometres you go over 93, you’re burning [...]
From King World News:
John Williams just issued a warning regarding the monetary base vaulting to an historic high. Williams, who founded ShadowStats, also stated the reason for the expansion is directly related to a deepening systemic solvency crisis.
Here is what Williams had to say about the situation:
“The seasonally-adjusted St. Louis Fed Adjusted Monetary Base just jumped to an historic-high level in the two-week period ended February 22nd, as shown in [...]
SC pension plan’s gap soars to $17 billion
“A funding gap for South Carolina’s main pension plan has soared to $17 billion, according to a draft of an expert’s report released Tuesday.
South Carolina lawmakers will get a briefing on the report Wednesday are expected to consider a new round of state retirement system overhauls and likely carve into future benefits.
The draft report shows $17 billion gap if [...]
Despite winning a Nobel Prize and an Oscar for his work in the global warming area, most voters don’t consider former Vice President Al Gore an expert on the subject.
The latest Rasmussen Reports national telephone survey of Likely Voters shows that just 24% of voters consider Gore an expert on global warming. Fifty-nine percent (59%) do not think Gore is an expert on the subject, [...]
Ex-IAEA official says physics professor Darioush Rezaei, who was assassinated in Tehran, was indeed an atom scientist
A man shot dead on a Tehran street by motorcycle-riding gunmen last weekend was a scientist involved in suspected Iranian attempts to make nuclear weapons and not a student as officially claimed, a foreign government official and a former UN nuclear inspector said Thursday.
The man was shot Saturday by a [...]
Clearwater, Florida — A man who admits he killed his own father will see no jail time after a judge found him not guilty by reason of insanity.
An expert has said drinking Red Bull was one of the things that led to the crime.
Stephen Coffeen admits he smothered his father Robert with a couch cushion two years ago. He originally claimed was he was defending himself.
LONDON (AP) — An expert at the World Health Organization says time is running out for German investigators to find the source of the world’s deadliest E. coli outbreak, which has spread fear across Europe and cost farmers millions in exports.
German officials are still seeking the cause of the outbreak weeks after it began May 2. In the last week, they have wrongly accused Spanish cucumbers and then German [...]