29 Dec 2012

"We Have Passed The Point Of No Return" - Ron Paul On The Fiscal Cliff

 Tyler Durden's picture In a little under three minutes, Ron Paul explains to a somewhat nonplussed CNBC anchor just how ridiculous the charade that is occurring in D.C. actually is. This succinct spin-free clip should be required viewing for each and every asset-manager, talking-head, propagandist, and mom-and-pop who are viewing the last-minute idiocy of the 'fiscal cliff' debacle with some hope that things will be different this time. "We have passed the point of no return where we can actually get our house back in order," Paul begins, adding that "they pretend they are fighting up there, but they really aren't. They are arguing over power, spin, who looks good, who looks bad; all trying to preserve the system where they can spend what they want, take care of their friends and print money when they need it." With social safety nets available to rich and poor, there is no impetus for change and "the country loses," but Paul concludes, the markets are starting to say "there is a limit to this."

Stinky Banker Infestation - Max Keiser with Professor Jonathan Feldman

Max Keiser and Stacy Herbert argue over whether things are looking better or worse for the American worker.  While Stacy argues that the return of some manufacturing is a sign that wealth creating jobs may return to the US, Max counters that the system is so corrupt that the chances of labor getting any cut of the wealth is nil and that the Internet giants will prevent the rise of a powerful decentralized economy online. In the second half, Max Keiser talks to Professor Jonathan Feldman about the Global Teach-In and about a boycott and short sale campaign and creating an industrial policy for America because right now the US even outsources some military production to China. Source

Fucking Barclays Advert

Fuck You, Men’s Rights Activists

Kate Harding: This is Fuck You Week, Jezebel's first annual week of desperate emotional cleansing and unhinged psychic purging.
Fuck you, first of all, for making it nearly impossible for decent men struggling with abusive partners or unfair custody arrangements to get the help they need and deserve. You have forever tainted those issues with your rage-filled, obsessively anti-woman horseshit, to the point where it's become difficult for any rational, compassionate person to trust a man who claims he's been screwed over in family court or abused by a female partner, even if he has.
That's right—I fully understand that those things happen. I fully believe that men in those situations deserve help, and I know they're generally less likely to ask for it than women are, not to mention less likely to find help there for them when they do go looking. I get how our society's ridiculously rigid ideas about masculinity mean that men are brought up to believe needing help will make them look weak, especially if it's a woman who's terrorizing them. I know those same suffocating standards also encourage men to stifle strong feelings and any nurturing tendencies, which deprives them of the right to experience the full range of human emotions without shame. That completely fucking sucks! You know how I know all that, and why I think it sucks?

Blowing Up: The Transfer Of French Nuclear Technology To China

By Wolf Richter: Technology transfers, whether on a contractual basis or through theft, have long bedeviled companies that want to benefit from China’s cheap labor and 1.3 billion consumers. Automakers, aerospace companies, technology outfits.... it’s the price they have to pay. But when it seeped out that the largely state-owned nuclear industry in France was trying to sell its secrets to China to make a deal, oh là là!
That the French have been through this with their high-speed train technology, the TGV, was hammered home on Wednesday when China opened the world’s longest high-speed rail line—1,428 miles between Beijing and Guangzhou. It extended the high-speed rail network to 5,800 miles. And the network will practically double over the next three years if government funding continues to flow. By comparison, it will take the US, or more precisely California, an unknown number of years, perhaps as many as 20, to complete the link between San Francisco and Los Angeles [California’s High-Speed Rail to Nowhere].
On the Beijing-Guangzhou line, trains will run at a maximum speed of 186 mph, specs that the TGV mastered decades ago. Initially, China struggled to develop its own technology. After it tripped badly, it decided to import some trains, and the missing technology, from Japan, Germany, and France.
They all got a piece of the pie. Alstom of France won an order for 60 sets of its latest tilt-technology trains, the Pendolino. Three were delivered fully assembled; six were delivered in kits and assembled by an entity of China National Rail; and the remainder were manufactured in China with some imported components and a lot of transferred technology. And that was mostly it for TGV sales in China. Now, China has the ability to manufacture its own trains. It’s pushing the technology to the next level.


The Burning Platform: On January 8 of this year I posted my annual prediction article for this year – 2012 – The Year of Living Dangerously. Now it’s time to assess my complete and utter cluelessness when it comes to predicting things within a given time frame. Despite the fact that myself and everyone else acting like they know what lays ahead are proven wrong time and time again, we continue to make predictions about the future. It makes us feel like we have some control, when we don’t. The world is too complex, too big, too corrupt, too lost in theories and delusions, and too dependent upon too many leaders with too few brains to be able to predict what will happen next. This is the time of year when all the “experts” will be making their 2013 predictions. I haven’t seen too many of these experts going back and honestly assessing their 2012 predictions, which didn’t happen.
What I’ve learned is that “experts” usually have an agenda. Their predictions are designed to convince you to buy the stocks they recommend or purchase their newsletter. Many of these “experts” work for Wall Street, the corporate MSM, a political party or corporate interest. Half of the “experts” represent the status quo and want the masses to think everything is just fine and will steadily improve. The other half are fear mongers that want to scare you into buying their products with predictions of impending collapse at any moment. I like to read the predictions of a wide variety of pundits, bloggers, and so called journalists, while understanding they probably have an agenda.

‘US, Russia plunging into new Cold War’ And its mostly down to the US

Russia Today: Tit-for-tat moves between Russia and the US are plunging the two nations into a new Cold War, says Russia expert Stephen Cohen. Washington’s longtime policy towards Moscow is to blame for the growing tensions.
The ‘reset’ in relations between the United States and Russia is dead, as the Obama administration has never truly cooperated with Moscow, instead pushing the same policy Washington has been imposing on Russia for the past 20 years.
“That policy is advancing NATO toward Russia’s borders, building missile defense on Russia’s borders, interfering in Russia’s internal politics,” Stephen F. Cohen – professor of Russian Studies and History at New York University and Princeton University

The Palestinian Holocaust + The Genocide of the CONGO

What is happening in Palestine
"Zionist people, thieves, karma is coming for you, oh yes!"

Descending into lawlessness - Gerald Celente

A look back at the major events of 2012, and trends for 2013

Japanese security firm to rent surveillance drones for use in private homes

By Madison Ruppert: Just when you thought the rapid advance of drone technology couldn’t get any more unbelievable, a Japanese security firm has announced that they will offer surveillance drones on a rental basis for a meager $58 per month starting some time after April 2014.
Offering rental drones for private use is quite novel although it seems to be part of a larger trend towards using or planning to use drones in non-military applications ranging from broadcast television news-gathering to traffic monitoring and police use (also see below video):

Former Icelandic bank executives jailed for fraud

Reuters: TWO former executives at an Icelandic bank which collapsed in the 2008 financial meltdown were sentenced to jail on Friday for fraud which led to a €53m loss, in the first major trial of Icelandic bankers linked to the crisis.
All three of the small North Atlantic island's top banks collapsed in quick succession in October 2008 due to big debts incurred during a rapid overseas expansion.
Glitnir was the first to fall after the collapse of Lehman Brothers caused international credit markets to freeze up.
A Reykjavik court sentenced Glitnir's former chief executive, Larus Welding, and former head of corporate finance, Gudmundur Hjaltason, each to nine months in jail, of which six months were suspended for two years. They had denied the charges.
Prosecutors said the two approved a loan to a company which owned shares in Glitnir so that the company could in turn repay a debt to Morgan Stanley.
The decision, taken outside the regular decision-making process, meant Glitnir was too exposed to the company and cost the bank at least 53.7 million euros ($71 million), the prosecution said.
The sentence was less than the jail terms of at least five years demanded by Iceland's special prosecutor, who is looking into alleged wrongdoing connected to the crisis.

Senator Feinstein's Gun Grabbing Bill Causes Outrage, Petition Started + BLAME THE ATHEISTS! + School Shootings and Their Link to Psychotropic Drugs

The latest White House petition garnering attention demands that Senator Dianne Feinstein be tried in federal court for treason against the constitution for her role in introducing legislation that would go a long way to repealing the second amendment.