The Man Who Should Be President — Ron Paul: I’m Waiting for the Fed to Self-Destruct

from RonPaul2008dotcom:

New ‘sexting’ app causes photos to self-destruct after 10 seconds

Snapchat is built for teenagers.

The website a bright and sunny shot of two young, pretty girls, with matching straightened long blond hair and the kind of precisely thick black eyeliner only people under twenty can pull off, making energetically silly expressions and capturing their faces on an iPhone wrapped in hot pink rubber. On the year-old app’s iTunes page, another pair of pretty white teenagers pose, first in summery shorts and tank tops [...]

REPORT: Drones vulnerable to terrorist hijacking

A small surveillance drone flies over an Austin stadium, diligently following a series of GPS waypoints that have been programmed into its flight computer. By all appearances, the mission is routine.

Suddenly, the drone veers dramatically off course, careering eastward from its intended flight path. A few moments later, it is clear something is seriously wrong as the drone makes a hard right turn, streaking toward the south. Then, as if [...]

REPORT: “Flame” virus attacking Iran given ‘self destruct’ order

Virus attacking Iran given ‘self destruct’ order

The Flame computer virus that has been attacking Middle Eastern energy facilities, primarily in Iran, has been ordered to self destruct, Symantec anti-virus company stated Sunday.

The origin of the Flame virus has been the subject of wide speculation. A number of Israeli computer experts told The Jerusalem Post that the complexity of the Flame bears the hallmarks of a program engineered by a state.

In [...]

Mitt Romney Proposes $8 Trillion Welfare Program for Defense Contractors; Prepare for Two Wars if Romney Wins (

I sit back in amazement and watch Republicans self-destruct with ridiculous proposal after ridiculous proposal.

Let’s ponder two plans, neither of which is going anywhere, and one of them may very well cost Mitt Romney the election should he win the nomination.

Ryan Plan Revives Deficit Duel 

The Wall Street Journal reports Ryan Plan Revives Deficit Duel

Rep. Paul Ryan’s budget instantly became the centerpiece of an election-year debate over the size of government on [...]

Ron Paul: Fed’s ‘going to self-destruct’

Rep. Ron Paul (R-Texas) took a break from his presidential bid to pursue one of his favorite pastimes — criticizing the Federal Reserve.

Paul returned to Capitol Hill on Wednesday to question Fed Chairman Ben Bernanke, who was appearing before the House Financial Services Committee to deliver his semiannual testimony.

The longtime central bank critic and author of End the Fed opened with a lengthy critique of the central banking system, which he maintained [...]

When Risk Is Disconnected From Consequence, The System Itself Is At Risk

by Charles Hugh Smith from Of Two Minds

When Risk Is Disconnected From Consequence, the System Itself Is at Risk

If we understand risk cannot be eliminated, it can only be transferred, then we will understand why the current financial trickery in Europe and elsewhere is doomed to fail.

The entire global economy’s fundamental financial instability can be traced back to one simple rule of Nature: risk cannot be eliminated, it can only be [...]

Jim Lewis: Nassim Taleb is wrong about the financial crisis and black swans

Black Swans And Complexity

Submitted by Jim Lewis

Nassim Taleb is wrong about the financial crisis and black swans.

The ongoing financial crisis is not the result of a perplexing phenomenon of complexity. It is the beginning of a train wreck we have seen for decades. We are not wandering into a surprise or horrified by the dark specter of a Black Swan rearing its long tailed head; this macro crisis appeared on [...]

Print money to make up the difference…Sure the LORD could ask for more yield from the slaves…but if they can’t supply any yield…how can they supply more than nothing?

Ok watched some crap on tv and they are basically saying that printing money to sustain the yields the system requires to sustain it’s continued existance is the only way…to buy more time…so that the implosion doens’t happen now…and then use the time that was bought to figure out how to escape the printing of money to buy time to figure out how to escape the the inevitable implosion.

the yare [...]

In the US it was basically 7.9% growth up until 2008…that’s what the required yield was basically to postpone the collapse of the system.

Ok watched some crap on tv and they are basically saying that printing money to sustain the yields the system requires to sustain it’s continued existance is the only way…to buy more time…so that the implosion doens’t happen now…and then use the time that was bought to figure out how to escape the printing of money to buy time to figure out how to escape the the inevitable implosion.

the yare [...]

A President In Over His Head Should Resign

As our economy continues to self-destruct; U.S. credit is shockingly downgraded; home prices remain at historic lows; unemployment rises; small businesses continue to close their doors; public-employee-bloated cities, towns, states and employers continue to default; race riots flare, Mexican drug cartels cross our sovereign border at will to establish ultraviolent operations; test scores for public school children continue to plummet; the health care system [...]

What the talk heads said during the past, and see if you can trust any of them:

http://www.zerohedge.com/article/paul-farrell-explains-why-fed-wall-street-complex-will-self-destruct-2012


Bernanke: “I don’t anticipate any serious failures among large internationally active banks.” Wow, was he ever wrong.

Billionaire Ken Fisher: “This year will end in the plus column … so keep buying.” Main Street lost trillions on advice like this.

‘Mad Money’ Jim Cramer: “Bye-bye bear market, say hello to the bull.”

Goldman Sachs’ Abby Joseph Cohen: “The fear priced into stocks is likely to abate as recession fears fade.” Soon after, Goldman [...]