Blipits

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Jason
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Posts: 18296

Re: Blipits

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BP / Gulf Oil Spill - Deeper Into Loop Current (??)

The MODIS / Terra image taken today shows a very faint, long belt of anomalous ocean color that appears to follow the Loop Current. We have very tentatively identified this as possible oil slick and sheen carried far to the south. Consider this a low-confidence analysis; it's possible that the Loop Current has a distinct ocean-color signature without any oil present:
http://blog.skytruth.org/2010/05/bp-gul ... kyTruth%29

The BP Gulf of Mexico Oil Spill Update
http://www.thedailygreen.com/environmen ... z0ogmYZQvL

Fishermen get severly ill from clean-up work in Gulf
http://www.infiniteunknown.net/2010/05/ ... Unknown%29
BP Says Oil Capture Rate Falls to 2,200 Barrels a Day

The flow today is made up of larger quantities of natural gas, 15 million cubic feet, a source familiar with the situation tells CNBC. The company is now able to better measure the composition of the flow, six days into the siphoning operation, using a mile-long tube inserted into the pipe leaking down on the ocean floor. The mixture of oil and gas coming from the leak fluctuates continuously, the source says.
http://www.cnbc.com/id/37276941

US vows punishment for North Korea over ship sinking
http://news.bbc.co.uk/2/hi/world/asia_p ... 134613.stm

Clinton threatens sanctions, North Korea threatens ‘all-out war’
http://publicintelligence.net/clinton-t ... l-out-war/

US/NATO Troops Patrolling Opium Poppy Fields in Afghanistan
http://publicintelligence.net/usnato-tr ... ghanistan/

The Militarization of Police
http://www.youtube.com/watch?v=upNSUZpT ... r_embedded#!

AMERICA’S SECRET POLICE NETWORK
http://dailycensored.com/2010/05/22/ame ... ensored%29

Obama wins the right to detain people with no habeas review
http://www.salon.com/news/opinion/glenn ... index.html

Maryland Citizens Face Felony Charges for Recording Cops
http://www.infowars.com/maryland-citize ... ding-cops/

Woman Prisoner Sent to Solitary for Reporting Rape by Guard
http://motherjones.com/mojo/2010/05/wom ... rape-guard

UPDATE: Y.C. woman killed by police pointed gun at officers
http://www.appeal-democrat.com/news/fam ... woman.html
At West Point, Obama talks up national security strategy

WEST POINT, N.Y. -- President Obama on Saturday pledged to shape a new "international order" as part of a national security strategy that emphasizes his belief in global institutions and America's role in promoting democratic values around the world.
http://www.washingtonpost.com/wp-dyn/co ... 01586.html

Did the U.S. Army help spread Morgellons and other diseases?
http://www.voltairenet.org/article165450.html

Whittaker Chambers: The New Deal as Revolution
http://biggovernment.com/asnyder/2010/0 ... ernment%29

Wealth gap spurs revolts across Asia
http://www.vancouversun.com/news/Wealth ... z0oX830a1H
Saudi King slams intelligence leak

The King of Saudi Arabia has strongly criticized the country's intelligence officials for disclosing a secret document, which shows Riyadh has links with terrorist activities carried out by al-Qaeda in Iraq.

According to a report by Iraq's Buratha news agency on Friday, King Abdullah bin Abdul Aziz ordered a special committee to investigate the intelligence leak and inform him about those liable in the case.

Some 37 members of Saudi's intelligence service, accused of being behind the leakage of the confidential document, were also reported to have been arrested.

The condemnation by the Saudi monarch comes as the Iraqi news agency disclosed the amount of money transferred by Saudi government officials to al-Qaeda in Iraq.

Saudi officials are also reported to send explosives and weapons to the terrorist groups.
http://www.presstv.ir/detail.aspx?id=12 ... =351020205

Bush/Saudi Connection
http://www.hermes-press.com/BushSaud.htm

A little humor in newspaper headlines
http://politicalhumor.about.com/library ... ncegay.htm

Florida state of emergency
http://www.postonpolitics.com/wp-conten ... 10-106.pdf

10 States Most Likely To Default
http://wallstcheatsheet.com/breaking-ne ... t+Sheet%29
Sacramento - -- Courts in recent years have crushed attempts by California to cut spending by billions of dollars and have forced the state to spend hundreds of millions more than planned.

Designated cuts to health and human services that were rejected by federal courts alone have resulted in $4.5 billion in lost savings over the past three years, according to Gov. Arnold Schwarzenegger's administration.

Prison health care costs have doubled to more than $1.9 billion since 2006, when a federal judge ordered a federal receiver to take control of prison health services.

"The judicial branch is now a full player in the budget because the decisions they are making have an impact on what the governor and Legislature can or cannot do," said H.D. Palmer, spokesman for the Department of Finance. "The judiciary does not have to deal with the fiscal consequence of the rulings - they say you can't do a spending reduction, but we have to come up with another $100 million in cuts somewhere else."
http://www.sfgate.com/cgi-bin/article.c ... z0ogr2lESB
During the crisis these indicators showed the stress in the credit markets and it is probably worth revisiting them now.

This graph from Bloomberg, based on data from the British Bankers' Association, shows the three-month U.S. dollar London interbank offered rate, or Libor rose to 0.50% on Friday.

This is an important rates since trillions of financial products worldwide are tied to the Libor - including many adjustable mortgages in the U.S.

The rate has increased recently, but it is still very low.

The TED spread has also risen recently and is now at 34.47. This is a 5 year graph to show the recent increase is very small compared to the huge increases during the worst of the crisis.

Note: This is the difference between the interbank rate for three month loans and the three month Treasury. The peak was 463 on Oct 10th and a normal spread is below 50 bps.
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
College Grads about to Flood Labor Market; Class of 2009 Still Without Jobs in Deep Trouble

The 2009 college graduates still without a job are in deep trouble as a wave of 2010 grads is on the way. Please consider College Grads Flood U.S. Labor Market With Diminished Prospects

Ten months after graduating from Ohio State University with a civil-engineering degree and three internships, Matt Grant finally has a job -- as a banquet waiter at a Clarion Inn near Akron, Ohio.

“It’s discouraging right now,” said the 24-year-old, who sent out more than 100 applications for engineering positions. “It’s getting closer to the Class of 2010, their graduation date. I’m starting to worry more.”

Schools from Grant’s alma mater to Harvard University will soon begin sending a wave of more than 1.6 million men and women with bachelor’s degrees into a labor market with a 9.9 percent jobless rate, according to the Education and Labor departments. While the economy is improving, unemployment is near a 26-year high, rising last month from 9.7 percent in January-March as more Americans entered the workforce.

The scramble for jobs may depress earnings of new and recent college graduates for years to come and handicap their future career opportunities, according to Lisa Kahn, an assistant professor of economics at Yale University’s School of Management in New Haven, Connecticut. It also might hurt Democrats in the November Congressional elections, as the young voters who helped propel the party to power in 2008 grow disenchanted with their economic prospects.

“More so in the last year to 18 months than at any time, we have seen applicants from prior graduating classes looking for the kind of entry-level jobs we’re recruiting for,” said Dan Black, director of campus recruiting for Ernst & Young LLP, a professional-services firm headquartered in New York. “There are a lot more cohorts competing with each other: ‘09 with ‘10, probably ‘10 with ‘11.”

Unemployment among people under 25 years old was 19.6 percent in April, the highest level since the Labor Department began tracking the data in 1948.
http://globaleconomicanalysis.blogspot. ... nalysis%29
(5/21/10) Big update today! Katla has had 4 earthquakes in the last 12 hours! 5 total quakes in the last 24 hours if you count the one that occurred in the very short distance between the west side of Katla and east side of Eyja. This is the most earthquakes I recall seeing at Katla since the March eruptions started at Eyjafjallajokull. These earthquakes are our built in warning system for an eruption and if this keeps up, we will see action soon.
http://scienceray.com/earth-sciences/mu ... z0ogtCnlh3

Katla Volcano Update 21 May 2010
http://modernsurvivalblog.com/natural-d ... valBlog%29

Link to earthquake action in that area
http://en.vedur.is/earthquakes-and-volc ... alsjokull/

Mother Earth On Crack
http://econotwist.wordpress.com/2010/02 ... -on-crack/

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Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

California: More Than 6 Million Tons of Food Products are Dumped Annually; Food is The Largest Source of Waste
http://www.infiniteunknown.net/2010/05/ ... Unknown%29

BP calls in Costner's $26m vacuum cleaners to mop up huge oil spill
http://www.independent.co.uk/news/world ... 79976.html
Some news from Europe ...

From Bloomberg: Regulator Seizes CajaSur, Lender Hurt by Bad Loans

The Bank of Spain removed the managers of CajaSur ... a savings bank with assets of about 19 billion euros and 486 branches ... and put the bank under a provisional administrator.

This is a fairly large bank. The 45 or so 'cajas' are local government owned banks that are focused domestically with about 70% of their portfolios exposed to the Spanish real estate market.

And in the U.K. it looks like the proposed austerity measures will lead to 100s of thousands of public job cuts, from the police to active duty front line soldiers. The ministers are promising a “bonfire of the quangos” (quasi-autonomous non-governmental organisation), but it sounds like this will go far beyond the NGOs ...

From the Times: 300,000 jobs in public sector face the axe

Detailed research by The Sunday Times shows that at least 300,000 workers, including civil servants and frontline staff, will lose their jobs over the next few years.

Some estimates suggest that the number of job losses could reach 700,000.

These will include tens of thousands of health service managers as well as many thousands of doctors and nurses ... Thousands of police officers and their civilian support staff ... 20,000 jobs will be lost at the Ministry of Defence ... including some frontline soldiers ...
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Looks like deflation to me....

http://www.youtube.com/watch?v=Q_kO7poR ... r_embedded#!
25 Cents a Poop in Canada

Here is an interesting development in Canada, courtesy of government bureaucrats who have never ending ways to spend your money. At $400,000 each, Automatic public toilet debuts in Toronto.

For those who can give two bits, Toronto’s first automated pay toilet is now taking customers at 25 cents a poop — er, pop.

“They are modern, state of the art washrooms — they actually clean themselves after each use. Now try that at home,” Mayor David Miller said before cutting a blue ribbon to open the loo.

A large crowd of press, officials and curious onlookers were on hand for the grand opening of the automated john, the first of 20 planned across the city over the next 20 years.

The new bathroom automatically cleans itself and will also get visited by an attendant three times a day.

The Automated Public Toilets will take any coins up to and including toonies and will provide change. They will also work with tokens that the city plans to distribute to homeless people through its Streets to Homes program.

One quarter gets you 20 minutes max.

Warning lights will start flashing at 15 minutes. At 18 minutes the warning comes on again and when 20 minutes are up you better be done, as the door then opens.

It’s also equipped with emergency buttons linked to a dispatcher, a smoke alarm, an emergency escape hatch and sensors to prevent the cleaning system from starting if anyone is inside.

Patrick, who sent me the story writes ...

Tokens will be given to homeless people will use them to do drugs inside.

Prostitutes will use them as well.

All because one day a city council member had trouble finding a bathroom. Apparently it is too hard to walk into a McDonalds or Tim Hortons to take care of business.

I do not know about Toronto, but in Chicago or LA such sites would be plastered with graffiti in about two days flat.

Of course they can put in more alarms, video cameras, and have qualified personnel monitor the videos 24 hours a day to make sure that poop is all you do. Perhaps they need a security guard posted at the door of each one.

The return of the pay toilet. Who coulda thunk?

Now all Toronto needs are signs on every corner "This way to the nearest loo". After all, Toronto's a pretty big place. How would you find it?
http://globaleconomicanalysis.blogspot. ... nalysis%29
“Although the Federal Reserve has been aggressive about easing monetary policy to support economic activity, the recovery is not likely to be as robust as we would like,” Dudley said.

Economic growth is likely to be “more sluggish” than desired because households are deleveraging, banks remain under “significant stress,” and economic growth has been fueled by temporary sources such as fiscal stimulus programs, Dudley said.
http://www.bloomberg.com/apps/news?pid= ... z4NQ&pos=3

FDIC Problem banks...
http://www.ritholtz.com/blog/wp-content ... ures-3.gif

30,000 protest budget cuts in New Jersey
http://rawstory.com/rs/2010/0522/30000- ... ts-jersey/
Mexican President Wants to Disarm Americans

Mexican President Felipe Calderón called upon the United States Congress to re-enact the assault weapons ban in a bid to disarm the American people as they are integrated into the North American Union system. Further, he placed blame for fueling drug cartels and gang violence squarely on the United States and their supply of firearms.

Calderón made these outrageous and anti-American remarks from the floor of the U.S. Congress during an official visit, and also renewed attacks on the immigration legislation passed by Arizona.

Alex Jones responds to these radical statements in a video address, questioning Calderón’s wherewithal to scold the United States or meddle with its internal affairs, particularly when Mexico has become such an unmanageable, nightmarish police state– where, by the way, there is a total gun ban for ordinary citizens.
http://www.infowars.com/mexican-preside ... americans/

Detainees Barred From Access to U.S. Courts
http://www.nytimes.com/2010/05/22/world ... in.html?hp

Central Bank Intervention Is Now Self-Defeating
http://www.zerohedge.com/article/centra ... to+zero%29

Ray Stevens - Come to the USA
http://www.youtube.com/watch?v=WgOHOHKBEqE

Warning: This Common Food Causes Devastating Offspring Defects in New Research Study
http://articles.mercola.com/sites/artic ... il-24.aspx

Sen. Bob Bennett declines to 'pull a Crist'
http://comments.americanthinker.com/read/1/602947.html

Presenting What Could Be The Oddest Capital Flow Observation In History
http://www.zerohedge.com/article/presen ... on-history

Global Financial Crisis - Clarke and Dawes ask the million dollar questions
http://www.abc.net.au/news/video/2010/05/20/2905304.htm

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

CIA Report on Soviet War Shows Futility of Military Effort in Afghanistan
http://publicintelligence.net/cia-repor ... ghanistan/

(U//FOUO) CIA Report: Lessons of the Soviet War in Afghanistan
http://info.publicintelligence.net/CIAafghanlessons.pdf

BlackRock Inc.
http://publicintelligence.net/blackrock-inc/

BP's Operation "Top Kill" Gets DELAYED
http://finance.yahoo.com/news/BPs-Opera ... et=&ccode=

US threatens to ‘push BP out of the way’
http://rawstory.com/rs/2010/0524/threatens-push-bp-way/

US has approved 19 environmental drilling waivers since oil spill
http://rawstory.com/rs/2010/0524/morato ... l-waivers/

As spill grows, oil soaks delicate marshes, birds
http://apnews.myway.com/article/20100523/D9FSQGNO1.html

Economists See Solid U.S. Growth
http://online.wsj.com/article/SB1000142 ... ts_news_us

LOL!!!! LOL!!!! LOL!!!!

States Borrow Billions as U-6 Unemployment Rate Hits 17.1%
http://sumfolio.com/states-borrow-billi ... -17-1-569/
Earlier the NAR released the existing home sales data for April; here are a couple more graphs ...Inventory increased 2.7% YoY in April, the first YoY increase since 2008.

This increase in the inventory is especially concerning because the reported inventory is already historically very high, and the 8.4 months of supply in April is well above normal.

Sales were up because of the tax credit (pulling sales forward), but that does very little for the economy. The key is the increase in the inventory and months-of-supply, and if these two measures increase later this year (after the distortions in May and June), then there will be additional downward pressure on house prices.
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
Here is a pair of interesting articles from the Arizona Republic regarding an increase in commercial foreclosures and a slowing number of evictions in apartment complexes.

Please consider Commercial foreclosures pick up speed

Mesa Financial Plaza, the 17-story office tower that lights up the night sky with a neon-blue silhouette, has been noticed for trustee sale.

The $40.6 million default is just one of many that are starting to drop in the Valley. The number of defaults for loans of more than $20 million is increasing rapidly for all product types, including office, industrial, retail and large apartment complexes.

Chris Toci, executive director of the capital markets group at Cushman & Wakefield of Arizona Inc., said Phoenix is at the front end of a major crash.

Cash-strapped landlords let evictions lag

One might that that evictions would be rising due to lack of payment but that's not the case in the Phoenix area as Cash-strapped landlords let evictions lag

Fewer tenants are being evicted from apartments across the Valley, but the decline is more about the dismal state of landlord finances than tenants paying their rent on time.

In the latest fallout from the recession and housing crisis, growing numbers of apartment-complex owners are in serious financial trouble or foreclosure.
http://globaleconomicanalysis.blogspot. ... nalysis%29

.23 cents on the dollar.....
On May 18, 2010, the FDIC closed a sale of notes backed by commercial real estate loans from twenty-two financial institutions, for which the FDIC was appointed receiver during the period from August 2008 to March 2009. The sale was conducted through a private offering to qualified purchasers.

The $233 million of notes are backed by performing and non-performing commercial real estate loans with a related aggregate unpaid balance of approximately $1.0 billion. The notes were originally issued in January 2010 to the FDIC as receiver for the twenty-two financial institutions in connection with the creation of an LLC to hold the aforementioned assets, and are guaranteed by the FDIC in its corporate capacity. The FDIC still retains its 60% equity interest issued by the LLC, and ColFin DB Funding, formed by entities affiliated with Colony Capital, still owns the 40% equity interest sold to it by the FDIC in January 2010.
http://www.fdic.gov/news/news/press/2010/pr10120.html
May 24 (Bloomberg) -- Corporate bond sales are poised for their worst month in a decade, while relative yields are rising the most since Lehman Brothers Holdings Inc.’s collapse, as the response by lawmakers to Europe’s sovereign debt crisis fails to inspire investor confidence.

Companies have issued $47 billion of debt in May, down from $183 billion in April and the least since December 1999, data compiled by Bloomberg show.

“This is a quintessential liquidity crisis,” said William Cunningham, head of credit strategies and fixed-income research at Boston-based State Street Corp.’s investment unit, which oversees almost $2 trillion. “It’s not inconceivable to imagine a situation where the markets behave so poorly, the liquidity behaves so badly, and risk-tolerance just evaporates that -- particularly in Europe -- consumers contract, businesses stop hiring and stop investing, and economic activity halts.”

More Americans unexpectedly filed applications for unemployment benefits last week as Labor Department figures showed initial jobless claims rose by 25,000 to 471,000, the highest level for a month and exceeding the median forecast of economists surveyed by Bloomberg. An index of U.S. leading indicators fell 0.1 percent in April, a sign the economic expansion may slow in the second half of the year, Conference Board data showed on May 20.

http://www.bloomberg.com/apps/news?pid= ... fYVE&pos=3
Although gasoline prices are dropping ahead of the Memorial Day weekend and the start of the summer driving season, there's no sign motorists are rushing back to the pump to top off their tanks.

Data released Monday by the Federal Highway Administration show the number of miles driven on U.S. roads rose in March compared with February, but still was below March 2009, in the depths of the recession.

There is no sign of anything more than a modest increase in demand for gasoline so far this year. Last week's MasterCard SpendingPulse report showed consumption of gasoline for the first two weeks of May running about 1.3 percent ahead of last year. For the year, consumption has risen about 1 percent.

Demand is 4 percent below 2007 levels, according to the MasterCard data, which tallies total gas sales paid by credit card, checks and cash.
http://finance.yahoo.com/news/Drivers-s ... et=&ccode=
Bold and Underline mine

CAFR: US agencies have billions, trillions in investments while crying budget deficits
http://www.examiner.com/x-18425-LA-Coun ... t-deficits

Revealed- How Israel offered to sell South Africa nuclear weapons
http://www.youtube.com/watch?v=3XJmgziU ... r_embedded

Austin, TX: America’s Largest Water Fluoridation Fight
http://dcbureau.org/20100521434/Bulldog ... fight.html

Britain Bans Doctor Who Linked Autism to Vaccine
http://www.nytimes.com/aponline/2010/05 ... ss&emc=rss

With US support, SKorea cuts trade with North
http://news.yahoo.com/s/ap/20100524/ap_ ... ship_sinks

U.S., South Korea plan military exercises
Show of force intended to send message to North over warship sinking
http://www.msnbc.msn.com/id/37309788/ns ... iapacific/
GORDON DUFF: ANSWERING OUR TROOPS, “WHY DID YOU SEND US TO WAR OVER A LIE?”

After 9/11 it started. We raced into Afghanistan looking for terrorist groups that never existed and a terrorist mastermind who had nothing to do with an attack on America. We knew we were lying to our troops then, we know it now and we simply can’t stop, we love lying so much. Osama bin Laden, isolated in Afghanistan with a few supporters fled into the hills and died in days. There was never a terrorist training camp in Afghanistan, no Al Qaeda, a group honest experts claim never existed and still may not, and the real Osama bin Laden, the bin Laden that said Israel was responsible for 9/11, has been dead since December 2001.

Our troops and veterans have to either watch Fox news hide the facts from them or learn of the corruption tied to the 9/11 investigation, the Building 7 scandal, a scandal free of “conspiracy theory,” and the very real “dancing Israelis,” a Mossad film squad positioned to record the planes hitting the twin towers, notified well in advance, an Israel team arrested by New York police as terrorists and released and rushed back to Israel by friends in the Bush administration before the FBI could question them.

We can keep trying to lie to our soldiers about this and about Iraq, how we sent them to war, killed 5000 and wounded tens of thousands, PTSD for hundreds of thousands more and did it all based on intelligence reports that were treason, not just wrong, not just lies, but a plan to deceive our own government, an act of war against the United States by some of her own people, people who sent us to war because of their “mixed loyalties” to a foreign country, loyalties that negated their oaths to America.

Now the questions are flooding in, phone, email, coming in to those of us who are supposed to know. Does anyone want to tell a wounded soldier he was duped by a pack of thieves and cowards who made billions of dollars on his suffering? Do we want to keep up the Fox News cover stories about the evils of Islam and the rows of tanks and thousands of missiles threatening poor defenseless Israel?
http://www.veteranstoday.com/2010/05/24 ... ver-a-lie/

Justice Thomas: We are evading the eligibility issue (Obama's Birth Cert)
http://www.youtube.com/watch?v=OQ0C5_cE ... r_embedded

Ex-congressman who allegedly groped staffers claims Cheney wanted to institute ‘coup’
http://rawstory.com/rs/2010/0524/excong ... tute-coup/

A Death Blow to Europe's Welfare State?
http://pensionpulse.blogspot.com/2010/0 ... ow-to.html

Failed CajaSur Fallout Accelerates: 4 Spanish Savings Banks To Merge In "Cold Fusion", €135 Billion In Assets At Stake
http://www.zerohedge.com/article/failed ... to+zero%29

Italy Banning Cash Transactions Over €5,000 As Latest European Austerity Package Revealed
http://www.zerohedge.com/article/italy- ... to+zero%29

Zapatero proposes EU-style Latin American Union
http://www.euractiv.com/en/foreign-affa ... ews-494250

Mayor Daley Threatens to Shoot the Messenger—Namely, Me
http://www.chicagoreader.com/TheBlog/ar ... rnamely-me

Ninjas rescue student from muggers
http://news.yahoo.com/s/nm/20100520/od_ ... lia_ninjas

Ex-CounterTerrorism Czar: Next terrorist threat will be from those resisting technology
http://www.technofascismblog.com/2010/0 ... -1606.html

MRAPs Take Over for Humvees Off Base
http://defensetech.org/2010/05/24/mraps ... -off-base/

FDA considers endorsement of drug that some call a Viagra for women
http://www.washingtonpost.com/wp-dyn/co ... components

Treasury Auction Schedule for the Week of May 24, 2010
http://treasuryauctionwatch.blogspot.co ... of_23.html

Incarcerated America
http://www.hrw.org/backgrounder/usa/incarceration/

BoE's Posen-can't rule out deflation threat
http://www.reuters.com/article/idUSLAG0 ... arketsNews

Growing Revolutionary Guard Spells Uncertainty For Oil Investors In Iran
http://www.zerohedge.com/article/guest- ... stors-iran

US receives copy of Iran's reply to nuclear swap deal
http://www.alternet.org/rss/breaking_ne ... aking_news

Billions needed to end US child hunger, obesity: officials
http://www.alternet.org/rss/breaking_ne ... aking_news

Possibly the best evidence of a bomb explosion before the first plane hit
http://www.infowars.com/possibly-the-be ... plane-hit/
Feds eyeing online forums to correct 'misinformation'

The next time you post an opinion in an online forum or a Facebook group message board, don't be surprised if you get a rebuttal from a federal employee.

The government is looking for ways to monitor online chatter about political issues and correct what it perceives as misinformation.

The move started recently with a pilot project on the East Coast seal hunt. A Toronto-based company called Social Media Group has been hired to help counter some information put forward by the anti-sealing movement.

The Department of Foreign Affairs and International Trade has paid the firm $75,000 "to monitor social activity and help identify ... areas where misinformation is being presented and repeated as fact," Simone MacAndrew, a department spokesperson, said in an email.

The firm alerts the government to questionable online comments and then employees in Foreign Affairs or the Department of Fisheries and Oceans, who have recently been trained in online posting, point the authors to information the government considers more accurate.

It appears to be just the beginning.

The seal hunt pilot project was set up in part "to establish foundations and recommendations for future programs and campaigns to use social media as another way to listen to, inform and engage with Canadians," MacAndrew added.

For some, the move to online monitoring was to be expected.

"I think we're seeing the government recognize that millions of Canadians are actively participating online in social networks," said Michael Geist, a law professor at the University of Ottawa who specializes in Internet law.

"We've had Facebook groups in Canada that have grown to the tens of thousands or hundreds of thousands of people, and they've clearly had a direct impact on public policy."

Geist himself launched such a Facebook group in 2007. He managed to get more than 84,000 members to help denounce a proposed copyright law that critics said would have restricted the way in which people use, copy or share books, movies and music they purchase. The bill was eventually put up for public consultations and is expected to be reintroduced in Parliament in the coming days. It remains to be seen, however, whether the online group managed to convince the government to alter the bill.

The commercial seal hunt might be an ideal test case for government involvement in online debate. The issue has polarized Canadians.

Opponents call the hunt cruel and needless and say seals are sometimes skinned alive or killed as whitecoated newborns. Supporters point out that regulations governing the hunt forbid both tactics and the hunt is heavily monitored. They accuse opponents of spreading lies by having celebrities such as Paul McCartney pose with whitecoat seals, pleading for their protection.

Some groups are wary of government employees being paid to post comments.
http://www.ctv.ca/servlet/ArticleNews/s ... hub=Canada

Munis About to Blow Up
http://www.safehaven.com/article/16909/ ... rticles%29
Municipal Bonds: The Next Financial Land Mine?

As Wall Street nervously watches the sovereign debt crisis unfold in Greece, another potential landmine is looming closer to home, one that could bring U.S. cities and towns to their knees, force the federal government to cough up another bailout package, and potentially send the unemployment rate much higher. The danger this time? Municipal debt.

State and local governments are frantically scrambling to meet budget shortfalls as high unemployment and shaky consumer confidence mean less income tax and smaller sales tax revenue for government coffers. At the same time, falling home prices and rising foreclosures will start to hit municipalities hard this year as all those property reassessments done over the past 18 months kick in.

A couple of municipalities, such as Los Angeles and Detroit, have even whispered the "B" word. Former Los Angeles Mayor Richard Riordan argued in an editorial in the Wall Street Journal earlier this month that the city will likely have little choice but to declare bankruptcy between now and 2014. Also, several smaller markets, such as Harrisburg, Pa., and Jefferson County, Ala., have openly talked about filing for Chapter 9 bankruptcy -- a reorganization available only to municipalities.

In general, municipalities try to avoid Chapter 9 filings. Although such filings make it easier for a city to break onerous labor contracts or make other politically tough cost cuts, they can have hidden costs, such as distracting politicians, alienating business and making it more difficult for a city to raise cash in the capital markets going forward. The city of Vallejo, Calif., for example, has been in Chapter 9 since spring 2008, and observers say the process has been costly and hurt the city's ability to attract new business. "It's been two years and the case is still going on and there's still significant disputes with the unions," says Eric Schaffer, a partner at Reed Smith LLP. "Ultimately you hope to bring everybody to the table and share the pain, but that can be a messy process."

Bankruptcy is a particularly unnerving prospect for bondholders. Municipal securities are a $2.8 trillion market, according to Municipal Market Advisors. An avalanche of investors sought refuge in the sector in recent years, lured by the stable, tax-free nature of muni bonds. More than $69 billion flowed into long-term municipal bond mutual funds in 2009, up from only $7.8 billion in 2008 and $10.9 billion in 2007, according to the Investment Company Institute. Another $15.2 billion has been added so far in 2010.
http://www.time.com/time/business/artic ... 62,00.html

As We Have Warned, the Fissures Are Widening in the Spanish Banking System
http://www.safehaven.com/article/16908/ ... rticles%29

FYI: July4Patriot finally got out after being locked up and messed with for 4 months....found not guilty on the weapons charge but still faces upcoming trial on child rape accusation.....Fed is hittin' the ARM (American Resistance Movement) hard!

Gunbattles intensifying, spreading in Jamaica
http://news.yahoo.com/s/ap/20100524/ap_ ... tandoff_13

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

“Both Europe and the USA are out of bazooka ammo now. Nobody can bail out so much as another lemonade stand. From here on governments really start to crumble.” — James Howard Kunstler
Recovery in U.S. to Exceed Previous Estimates, Economists Say
http://www.businessweek.com/news/2010-0 ... s-say.html

U.S. Economy: Consumers Gain Confidence as Employment Improves
http://www.bloomberg.com/apps/news?pid= ... HMds&pos=2

The Road to Economic Recovery Following the Financial Crisis
http://www.stlouisfed.org/newsroom/spee ... _05_25.cfm

25 Questions To Ask Anyone Who Is Delusional Enough To Believe That This Economic Recovery Is Real
http://theeconomiccollapseblog.com/arch ... ry-is-real
Real Case-Shiller National House Prices

In nominal terms (blue), the National Index declined 1.3% in Q1, and is 2.1% off the recent bottom in Q1 2009.

Note: Case-Shiller reported the national index declined 3.2% in Q1 (Not Seasonally Adjusted, NSA) - however I'm using the SA data.

In real terms (red), the National Index declined 1.9% in Q1, and is now at the lowest level since Q4 2000.
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
Bold and Underline mine
May 24 (Bloomberg) -- Loans guaranteed by the Federal Housing Administration, the U.S.-owned mortgage insurer, may be involved in more home-purchase transactions than borrowing financed by Fannie Mae and Freddie Mac.

FHA lending last quarter may have topped the combined volume of government-supported Fannie Mae and Freddie Mac in a home-lending market that’s still a “government-financed market,” David Stevens, the agency’s head, said today at a conference in New York, citing research by consultant Potomac Partners.

“This is a market purely on life support, sustained by the federal government,” he said at the Mortgage Bankers Association conference. “Having FHA do this much volume is a sign of a very sick system.”

The FHA and Fannie Mae and Freddie Mac, which regulators seized in 2008, have been financing more than 90 percent of U.S. home lending after a retreat by banks and the collapse of the market for mortgage bonds without government-backed guarantees.
http://www.businessweek.com/news/2010-0 ... ate2-.html
Bold and Underline mine

Long-Term Unemployment: No Help for the 99ers
http://www.commondreams.org/headline/2010/05/25-1

$5 Billion in new taxes proposed to balance state’s budget
http://www.centralvalleybusinesstimes.c ... /?ID=15292

THE GREAT DEPRESSION AND THE REVOLUTION OF 2017
http://neweconomicperspectives.blogspot ... -2017.html

Euro Commercial Paper Rates Surge As Debt Roll Troubles Become Acute
http://www.zerohedge.com/article/euro-c ... come-acute

4 More Spanish Savings Banks Reported To Be "Merging" As Spanish Economy Unravels
http://www.zerohedge.com/article/4-more ... to+zero%29

NKorea severs all ties with rival SKorea
http://www.bloomberg.com/apps/news?pid= ... HNHQ&pos=8

S.Korea cuts trade, sea lanes with North
http://rawstory.com/news/afp/S_Korea_cu ... 42010.html

North Korea Warns of Military Action
http://publicintelligence.net/north-kor ... ry-action/
BP / Gulf Oil Spill - 39 Million Gallons And Growing

The MODIS / Terra satellite image of the Gulf taken yesterday (May 24, 2010) is a relatively cloud-free look at the ongoing oil spill in the eastern Gulf of Mexico. Areas covered by oil slick and sheen are marked with a solid orange line. Areas where we think there may be slicks and sheen, but our analysis is of lower confidence, are shown by dashed orange lines. All together, slicks and sheen are possibly covering as much as 28,958 square miles (75,000 km2). That's an area as big as the state of South Carolina:

It's Day 35 of this fatal incident. Our estimated spill rate of 1.1 million gallons (26,500 barrels) per day, now on the conservative end of the scientific estimates, leads us to conclude that almost 39 million gallons of oil have spilled into the Gulf so far. BP and the federal government had said that they would announce a new official estimate of the daily spill rate on May 22, but we've heard nothing more about that. As far as we can tell, they are still claiming the spill rate is 210,000 gallons (5,000 barrels) per day. At that much lower rate, the total amount spilled would be 7.35 million gallons.

http://blog.skytruth.org/2010/05/bp-gul ... kyTruth%29

Deepwater Horizon survivors allege they were kept in seclusion after rig explosion, coerced into signing legal waivers
http://news.yahoo.com/s/ynews/20100521/ ... ews_sc2191

IG Report: Methamphetamine Use by Interior Department Staff
http://cryptogon.com/

Gates reluctantly backs deal on gays in military ban
http://rawstory.com/rs/2010/0525/gates- ... itary-ban/

Sander Hicks to form 9/11 Truth Political Party
http://www.federaljack.com/?p=15691

US State Department Says “Conspiracy Theories Exist In The Realm Of Myth”
http://america20xy.com/blog6/2010/05/24 ... %E2%80%9D/

Judicial Watch Announces List of Washington's "Ten Most Wanted Corrupt Politicians" for 2009
http://www.judicialwatch.org/news/2009/ ... cians-2009

Biden Says Brussels Could Be 'Capital of the Free World'
http://www.foxnews.com/politics/2010/05 ... ree-world/

CAFR: UC budget fully funded with one-fifth of one percent of CA state “investments”
http://dailycensored.com/2010/05/24/caf ... ensored%29

L’Etat C’est Moi: The Rise Of Dependency In America
http://biggovernment.com/vderugy/2010/0 ... ernment%29

Government: Destroying Your Wealth a Trillion Dollars at a Time
http://biggovernment.com/tdelbeccaro/20 ... ernment%29

Private pay shrinks to historic lows as gov't payouts rise
http://www.usatoday.com/money/economy/i ... ctor_N.htm

New pyramid discovered in Peru linked to ancient copper industry
http://www.independent.co.uk/news/scien ... 79529.html

Israel-South Africa nuclear ties
http://english.aljazeera.net/news/middl ... 75870.html

I've posted this before....but I think its fundamental to understanding the depth and scope of the economic issues at hand...
THE Most Important Chart of the CENTURY

The latest U.S. Treasury Z1 Flow of Funds report was released on March 11, 2010, bringing the data current through the end of 2009. What follows is the most important chart of your lifetime. It relegates almost all modern economists and economic theory to the dustbin of history. Any economic theory, formula, or relationship that does not consider this non-linear relationship of DEBT and phase transition is destined to fail.

It explains the "jobless" recoveries of the past and how each recent economic cycle produces higher money figures, yet lower employment. It explains why we are seeing debt driven events that circle the globe. It explains the psychological uneasiness that underpins this point in history, the elephant in the room that nobody sees or can describe.

This is a very simple chart. It takes the change in GDP and divides it by the change in Debt. What it shows is how much productivity is gained by infusing $1 of debt into our debt backed money system.

Back in the early 1960s a dollar of new debt added almost a dollar to the nation’s output of goods and services. As more debt enters the system the productivity gained by new debt diminishes. This produced a path that was following a diminishing line targeting ZERO in the year 2015. This meant that we could expect that each new dollar of debt added in the year 2015 would add NOTHING to our productivity.

Then a funny thing happened along the way. Macroeconomic DEBT SATURATION occurred causing a phase transition with our debt relationship. This is because total income can no longer support total debt. In the third quarter of 2009 each dollar of debt added produced NEGATIVE 15 cents of productivity, and at the end of 2009, each dollar of new debt now SUBTRACTS 45 cents from GDP!


This is mathematical PROOF that debt saturation has occurred. Continuing to add debt into a saturated system, where all money is debt, leads only to future defaults and to higher unemployment.

This is the dilemma created by our top down debt backed money structure. Because all money is backed by a liability, and carries interest, it guarantees mathematically that there will be losers and that the system will eventually reach the natural limits, the ability of incomes to service debt.

The data for the diminishing productivity of debt chart comes from the U.S. Treasury’s latest Z1 data, the complete report is posted below:
http://economicedge.blogspot.com/2010/0 ... ntury.html
Bold and Underline mine

Here's some more in depth analysis on the piece above...
There were a lot of people who understood the premise of the chart and its implications and meaning in perspective to history. Then again it was obvious that it left others bewildered and looking for more answers. This article is an attempt to reach both upwards into the higher levels of thinking, and yet also an attempt to explain what’s happening on a more rudimentary level so that more people understand how this chart is made and what in the world it means.

Let me begin by stating that the use of the term “Chart of the Century” in the title was very purposeful. It’s meaning, though, could be read several ways. Some people interpreted that to mean that I meant “of the 21st Century,” while others thought of the past 100 years. I mean both. And I stand by the claim that this chart, when fully understood, debunks modern economic theory; it is the result of the very misguided Federal Reserve Act that was passed into law in the year 1913, almost exactly one century ago. The outcome of what happens will be the greatest influence on what occurs in the 21st century. I do not believe this to be hyperbole.

Those who have studied economics, monetary systems, and history know that the major events of history are almost always preceded by economic upheaval and usually by collapses in credit or in monetary systems themselves. To see this picture for yourself, simply look at what events preceded within one decade WWII, WWI, the Revolutionary War, the War of Independence, and then keep on going back in time looking in the decade prior to major events throughout history, all the way back to the fall of the Roman Empire. The events wind up in history books, but the underlying tensions, the root causes are often overlooked.

Is it simply coincidence that there was a credit bubble of massive proportions in the “Roaring Twenties” that led to an economic collapse and Great Depression in the 30’s? And that that collapse was followed in the next decade by WWII? Why is that pattern repeated time and again? If you can dive deeply enough into this chart, you will discover the WHY and the WHO.

The math doesn’t lie. The math of debt-backed money doesn’t work, and the Diminishing Returns chart reflects this. In my previous article I said that the chart was a very simple one, and it is. Understanding the calculation and grasping the concept is obviously more difficult, so I invited Chris Rupe, who actually performs the calculation and builds the basic chart following the formula developed by Legg-Mason, to take a shot at explaining the calculations for those wanting a more in-depth understanding.

Lost? Hang on, normally I write for the middle, here we are going to cover a wide path. I will add more of what I believe to be common sense explanations afterwards…

Chris Rupe - My Thoughts on the Diminishing Productivity of Debt

Recently, I shared this graph with Nathan Martin and he has since made it famous. It has been showing up on dozens of other blogs (here, here, here, here, here, here, here, here for example) and there are continuing questions as to the source of the data as well as the methodology used to calculate it.

The data sources are the Federal Reserve Z.1 Report, specifically, the Total Credit Market Debt figure and the annualized quarterly Nominal GDP number from the Bureau of Economic Analysis. I was sort of the progenitor of resuscitating this graph according to the original Legg Mason format and methodology.

Total Credit Market Debt includes all public debt (federal, state, local) and private debt (mortgages, auto loans, credit cards, etc.). It does NOT include the unfunded public liabilities such as Social Security, Medicare, etc.

Since I have the dataset, and have been compiling and thinking about it for a year and a half, I feel compelled to give my opinion on what I think it means.

The chart is not hard to reproduce, although a bit tedious.

The specific methodology is simply a 4 quarter moving average of (GDP(t) – GDP(t-4))/(Debt(t)-Debt(t-4)), where ‘t’ is in reference to the quarter in question.

That in and of itself isn’t so tedious, however, quarterly data disappears once you go back a few years and all you have left is annual data. So, you have to do a linear interpolation between each of the annual datapoints in order to generate the quarterly data. Incidentally, if you want to get rid of the simple moving average, you of course get a noisier chart with a deeper plunge:

The plunge goes to -0.91. So, that’s really all there is to the method, although there are a number of other ways you can calculate and plot a chart to get the gist of what is occurring here.

For example, Karl Denninger has also done a version of this chart on his own with his “Ponzi Finance Indicator Chart”:

Karl’s chart has some advantages over the other presentation. For example, I believe Karl’s chart uses a year over year % change format for his data rather than a year minus year format. Thus, his chart is not as susceptible to the problem of dividing by very small (close to zero) numbers that the other chart is. Indeed, if you go back in time far enough (I have this data back to 1916) this problem occurs more than once.

Now, there has been some debate as to the significance of this chart. Some think it is not very significant since it is recognized that if either the numerator OR the denominator goes negative, then the chart goes negative. If both are negative, then the chart yields a positive number. Others think that correlation is not causation w/r/t the impact of debt on GDP. Obviously, some think it is very significant. Nathan Martin referred to it as the ‘Chart of the Century’.

I agree with the detractors insofar as this is not a perfect metric of our predicament. GDP, for example, is kind of a fuzzy number. Not just because of tabulation games the government plays along with the constant revisions, but because GDP doesn’t even have a universal definition. Different countries calculate GDP in different ways.

I flatly disagree that debt and GDP are not correlated. Indeed, I view this chart as a measure of the Marginal Velocity of Debt in the economy. I have referred to it as such before. In this view, Total Credit Market Debt is synonymous with the Total Money Supply. All money is debt, and this debt has value and has varying degrees of liquidity. To the extent that debt loses it’s value or becomes totally illiquid (Home Equity Loans anyone?) it ceases to be money. To the extent that debt is paid back or is defaulted on, money supply shrinks!

This is an unconventional view of money. There would be howls of protest against this view ranging from mainstream (keynesian/monetarist) economists to the austrian economists. Gary North might disclaim me.

However, I have never liked any of the monetary statistics as compiled and named, M0, M1, M2, MZM, etc. I find them too narrowly focused on the liability side of U.S. bank balance sheets. A lot of money is missing in that view. Much of it is obscured by multiplier effects due to the advent of off-balance sheet entities. Some is not counted. Cash held by foreign central banks for example.

The way I see it, all loans must be originated by U.S. banks whether or not they are held on or off balance sheet. This is a distinctly asset side of bank balance sheet view of money. And ALL of this money is accounted for in the Federal Reserve Z.1 as Total Credit Market Debt. So, I have sometimes referred to this statistic as ‘Mtotal’.

This velocity measure thus follows the familiar equation of exchange: Velocity = GDP/(Money Supply) and Marginal Velocity = Delta(GDP)/Delta(Money Supply). Not just correlated, but plain old related as can be seen.

My own view overall is that the chart indicates (however imperfectly) that something significant has occurred. Indeed, nothing like it in 65 years. Anyone can check the Z.1 history and see that Total Credit Market Debt has never had a year over year decline in the postwar era.

Until now.

I view it as confirmatory (in our unique circumstances) that we have ‘hit The Wall’ with the amount of debt that the economy can carry (debt saturation). Politicians and policy makers have been able to keep the game going by continually and incrementally debauching lending standards.

Think about it this way. A large reason why we have emerged from every postwar recession and renewed the credit cycle to grow to ever greater heights is because the policy response has been to allow, nay, promote the decay of lending standards.

* In the ’60s you had to have a 20% downpayment. PMI applied to tiny fraction of mortgage loans. Credit cards required either a security deposit or were secured by a savings account. The point is, they had some kind of collateral.

* In the ’70s, PMI grew, especially encouraged by policies like the CRA

* After the early ’80s recession, Usury laws began to go away so credit cards eliminated their collateral requirements now that they could charge very high interest rates. Also, the law was changed to take Social Security surpluses and use them to buy government debt. This effectively lowered the lending standards to the government since they now had a guaranteed buyer. Incidentally, this change plus the continued growth in credit set up a feedback loop to artificially lower rates on Treasury securities.

* After the ‘91 recession, reserve requirements on most bank accounts were eliminated and Adjustable Rate Mortgages began to really grow as a % of home loans. FICO scores were developed in lieu of having any actual collateral for loans. Credit cards were now given away freely to any college kid with no job. Banks begin to financially innovate ways to originate loans but package them into off-balance sheet trusts which are sold, not counting against their capital requirements.

* After the 2001 recession, the gloves come off and anyone can get a loan for anything, no downpayments, bad FICO score, no job. Sometimes the bank will even loan more than the asset is priced at.

In this way, the policy makers took down the artificial barriers (read safety net) of prudence in lending because no politician wants to deal with a nasty recession or perhaps fewer campaign contributions from Wall Street. So, we eventually reached the point where there were simply no safety nets left and all that remained was ‘The Wall’. You just can’t stuff anymore credit into the system.

We have crashed into the wall.

Marginal Velocity has collapsed.


For the rocket scientists in the audience who really want to understand the exact numbers and calculations, Chris started a thread on Ticker Forum where he walks people through the calculation and shows how the numbers become negative – Ticker Forum posts on Diminishing Returns Chart.

What Chris is describing in his bullet points above is “how to build a massive credit bubble.” Look at the second chart, the unsmoothed version, and see just how bad the math was at the end of 2009. While you’re up there looking over those charts, note how ever since the post WWII era that the productivity of debt has been diminishing the entire time, producing lower high after lower high. This reflects the anchor of carrying ever increasing amounts of debt.

The Federal Reserve Act of 1913 placed our nation, and then rapidly the world, into a debt-backed money box. Since that time the world’s productive efforts have been siphoned off in ever increasing amounts as the chains of debt-backed money began to bite harder and harder. The math of debt grew exponentially since that time. We transitioned from working with millions, to billions, and now trillions. No monetary system and economy has ever successfully made it to the next higher level. It’s literally impossible to because incomes have not grown at nearly the same rate. It requires income to service debt, and once you have pulled all your future earnings into today, it’s impossible to pull even more forward. That’s where we are today on the macroeconomic level. Income cannot service existing debt.

Yes, the numbers have been negative before and they have snapped back to produce a lower high. This chart will most likely make a turn back upwards, however, it is very likely to make yet another lower high. How long can the cycles continue? Not too much longer, once in the parabolic growth phase, the crush of the math happens quickly. It is non-linear and thus events that seem to come quicker are actually occurring quicker, that is an expression of the exponential function as is the chart below. Crazy and before unheard of swings in the market? A symptom. Riots in Greece? A symptom. No more mail service on Saturdays? A symptom. Massive underemployment? A symptom. The central bankers at the IMF “rescuing” countries with debt? A root cause.

The PRIVATELY owned and controlled central banks place everyone and every nation into a debt backed money box and an impossible math situation that drains the productive efforts from the societies placed into that box.
To understand how that FACT is related to the diminishing returns chart, let’s examine three different rooms – A, B, and C.

In each room there are exactly 10 people: 1) A construction firm owner, 2) a hardware store owner, 3) a carpenter, 4) a restaurant owner, 5) a chef, 6) a school teacher, 7) clerk for the Hardware store, 8) a waitress for the restaurant, 9) a barber, and 10) a poodle – hey, dogs are people too and mine drives an entire economy all on his own!

In Room A, we are going to create an environment where there is no debt – zero. Then we are going to introduce an eleventh person who enters the room and hires the construction firm to build a house for $15,000 (think 1950’s). Thus new money enters the room.

The Construction firm owner is thrilled, he immediately turns to the hardware store owner placing a large initial order for supplies, he hires the carpenter who now has money to get something to eat at the restaurant. He in turn tips the waitress, and so on, right on through their little economy. Since there is no debt, the amount of money only decreases on each transaction as taxes are taken from it. Otherwise the rest of the money circulates creating what is termed “velocity.”

In that very simple example, it is easy to see how increasing taxes decreases velocity. What if the first transaction was taxed at the rate of 100%? Then the velocity would be zero as no money would pass to the first set of hands. What if there were NO taxes? Then there would be no friction and the money would continue to circulate around the room.

In Room B, we create an environment where the ten people in the room all possess an amount of debt to service that equals say 20% of their income. The eleventh person enters the room and hires the construction firm owner under the same terms. He passes $15,000 to the construction firm owner who, being 20% of his income in debt must immediately send $3,000 to the bank to service his prior existing debt. Thus $3,000 exits the room, leaving $12,000. He makes a deposit to the hardware store owner who also must send 20% of what he just took in to the bank, plus he must pay taxes. You can see where this is going… Duh, it’s only common sense, right? Of the money injected, the PRODUCTIVITY of the money is diminished, and by the time it filters down, there may not be enough left for the poor poodle who is likely going to go hungry.

In Room C, we take it to the other extreme where everyone in the room owes 100% or more of their income in debt. The eleventh person enters the room and hires the construction firm owner who owes so much of his income to the bank that when handed the $15,000 he MUST use it to make a payment on his debt with the bank. The $15,000 thus immediately leaves the room, no money makes it to the carpenter or anyone else, and everyone in the room subsequently goes hungry. It doesn’t matter how much money you pour into this room, debt will always outpace incomes. There is thus no economy. Money/ debt is created and it simply circles right back around to the bank.

Obviously this is an extreme. But let’s say that the room reaches a point that’s in-between room B and room C, say 70% of income in the room is used to service debt. Then let’s say that the Construction firm owner takes out a big loan. If the size of his income fails to increase to service the increased debt load, then it places greater strain on the velocity of the new money that enters the room and it affects not only him, but everybody in the room. In fact, if he takes on too much unserviceable debt, he may have to lay workers off, especially if his income falls. Macroeconomic debt saturation occurs well before it reaches 100% debt to income. Once you cross that fine line then adding more debt into the system results in insolvency and also in lower employment.

This is why in the 1940s, the nation only 30 years past the Federal Reserve Act, was able to generate a recovery without the quantity of money exploding into an exponential growth phase. Here we are nearly a century past and we are living through an explosive exponential money growth phase.

Remember, the Central Bankers created a system in which all money is backed by a liability. We’ll get back to that (why, who).

Okay, so now you get the picture, the Marginal Productivity of Debt is really a tale about the marginal velocity of debt. Debt is money. Economists don’t talk about the velocity of debt, they talk about the velocity of money. They have charts and formulas that work pretty well in room A and even in room B. But where they fail miserably is approaching room C – the room where debt saturation has occurred.

This is because their way of thinking, whatever you call it – Keynesianism, neo-modern economics, deficit spending, stimulus, deficits don’t matter, must get credit flowing, solving a debt problem with debt, lunacy, insanity, whatever – is simply erroneous and does not work in a 100% debt-backed money system. Modern economist’s calculations for the velocity of money, for example, do not take into account the very mechanical action that is plain to see happening in the rooms above. They have failed to take out their basic calculators and add up all the debts to see what level of saturation has occurred throughout the entire room.

When we examine an individual’s creditworthiness, for say an automobile loan, in the olden days of lore the credit industry used to examine individual’s debt-to-income ratio to ensure that a typical level of say 33% or less of a person’s income was being spent on debt. Then it became 38%, then 40%, and now what? Well, these ratios are typically calculated using gross incomes, not net. But wait, over the decades local governments grew, state governments grew, the Federal Government became a behemoth. To feed these governments, taxes grew. But taxes have the exact same effect as debt on the economy. That’s because they are a debt!!

When your state decides to build a bridge or a school, it will either finance it directly with a tax levy, or it will finance it with bonds that come from the very same central banks that lend money to our Federal Government. They issue bonds from nothing creating new credit money that did not previously exist (no productive effort). The people in the state are thus being indebted by their state, and it is their productive ability that is required to service the state’s debts. Thus the same people who are in debt for their homes, their cars, their credit cards, are also in debt to their city, their county, their state and to their federal government. The total burden of all those debts and obligations now stands well over $300,000 per man woman and child, nearly 750,000 per worker in America and it is growing very rapidly with new burdens such as the latest “healthcare” bill.

This bond and debt money system was developed for the benefit of the Central Banks, not the people. They profit from interest and fees for the use of the people’s money system – that is the WHY. Congress did not constitutionally have the power to assign that right away, but it was done regardless and the Judicial system is co-opted by the same money influence removing the check and balance designed into the system. If our nation were to go back to spending non debt-backed money into existence instead, the American public would not be burdened with the carrying costs of all that debt. This is the WHO part of the equation, and why what is more important than WHAT backs your money is who controls it. This saturation would not happen if the United States issued her own sovereign money, created as an asset, not a liability
.


The Diminishing Productivity Chart is a very useful tool to gauge the level of saturation inside a country. All countries should develop and track this metric. We need good data to make that happen and I would like to point out that I believe the situation is actually much worse in the U.S. than even that chart shows due to the inaccuracies in the way our own GDP is calculated. In fact, if the effects of speculative derivatives and mark-to-fantasy accounting were removed from our financial industry, GDP would plummet back to the reality that it should reflect.

There are other very simple metrics that can and should be measured to track debt ratios but they are not. One method is to calculate an overall debt to income ratio for the mean working American. The $52 Trillion Z1 figure (what Chris referred to as MTotal) divided by our working population (140 million) equals $371,000 of total system credit per worker, not counting future liabilities. what does the median worker over the age of 25 earn? $32,000 is all. That leaves the amount of credit per worker to service at 1,160% of income... is all, not counting future liabilites. Can he even keep up with the interest? Of course not, it's ridiculous and that metric should have never been allowed to get so out of control.

If you don’t wish to reside, or for your children to reside, in room C or in a debt-backed money box, then please visit SwarmUSA.com, register and participate in the Swarms. It’s completely possible to step outside of the box in which we have been forced to live, and it’s possible to avoid the events which history says may be coming.
http://economicedge.blogspot.com/2010/0 ... rtant.html
Curve Flattening Continues: 2s10s Now Under 240 bps

The most ominous sign for US bank P&L continues to not relent: the 2s10s curve, which is the primary source of "revenue" for the hedge funds formerly known as US banks until a bunch of idiots came along and repealed Glass-Steagall, has just gone inside 240 bps. As before, we view this as the primary margin call threat, as billions, if not trillions, of wrong-way bets on curve steepening move further out of the money with every passing basis point. Once the first major repo counterparty blinks and demands a trand unwind, this trade will snap and we could see an even faster flattening, which would lead to some scary consequences for every other asset class.
http://www.zerohedge.com/article/curve- ... er-240-bps
Former CIA Officials Admit To Faking Bin Laden Video

Stein’s sources told him that during planning for the 2003 invasion of Iraq, the CIA’s Iraq Operations Group considered creating a fake video of Saddam Hussein engaged in sexual acts with a teenage boy, then flooding Iraq with copies of the tape.

That idea, along with faking Iraqi news bulletins, never came to fruition according to the former CIA officials, because agreement on the projects could not be reached between the Iraq Group and CIA’s Office of Technical Services.

However, the two sources reveal that the agency did previously concoct at least one fake Bin Laden video:

The agency actually did make a video purporting to show Osama bin Laden and his cronies sitting around a campfire swigging bottles of liquor and savoring their conquests with boys, one of the former CIA officers recalled, chuckling at the memory. The actors were drawn from “some of us darker-skinned employees,” he said.

The former officials told Stein that the project was taken over by the military after it ground to a halt:

The reality, the former officials said, was that the agency really didn’t have enough money and expertise to carry out the projects.

“The military took them over,” said one. “They had assets in psy-war down at Ft. Bragg,” at the army’s special warfare center.

This latest revelation bolsters evidence that the intelligence agencies, and perhaps more significantly, the military have been engaged in creating fake Bin Laden videos in the past.

As we have exhaustively documented, Intelcenter, the U.S. monitoring group that routinely releases Bin Laden video and audio, much of which have been proven to be either rehashed old footage or outright fakes, is an offshoot of IDEFENSE, a web security company that monitors intelligence from the middle east.

IDEFENSE is heavily populated by long serving ex military intelligence officials, such as senior military psy-op intelligence officer Jim Melnick, who served 16 years in the US army and the Defense Intelligence Agency (DIA) in psychological operations. Melnick has also worked directly for former Defense Secretary Donald Rumsfeld.

Intelcenter notoriously released the “laughing hijackers” tape and claimed it was an Al-Qaeda video, despite the fact that the footage was obtained by a “security agency” at a 2000 Bin Laden speech.
http://www.infowars.com/former-cia-offi ... den-video/

CIA unit's wacky idea: Depict Saddam as gay
http://blog.washingtonpost.com/spy-talk ... _to_d.html

Warning: Crash dead ahead. Sell. Get liquid. Now.
http://www.marketwatch.com/story/crash- ... 2010-05-25
In Standoff With Environmental Officials, BP Stays With an Oil Spill Dispersant

The Environmental Protection Agency had set a Sunday night deadline for BP to stop using two dispersants from the Corexit line of products. The oil company has defended its use of Corexit and taken issue with the methods the agency used to estimate its toxicity.

At a news conference Monday, the E.P.A. administrator, Lisa P. Jackson, said that she was “dissatisfied with BP’s response” and had ordered the oil giant to take “immediate steps to scale back the use of dispersants.”

Ms. Jackson called BP’s safety data on dispersants insufficient and said government scientists would conduct their own tests to decide which dispersant was best to use. She said the amount of chemicals applied to control the oil spilling from the Deepwater Horizon well — more than 700,000 gallons so far on the gulf’s surface and a mile underwater at the leaking well head — was “approaching a world record.”

http://www.nytimes.com/2010/05/25/scien ... perse.html

Renaissance 2.0: Lesson 2 - Revisiting Economics 101 - Debt
http://www.youtube.com/watch?v=BGTBkNJ8 ... r_embedded

America Passes $13 Trillion In Debt
http://www.zerohedge.com/article/americ ... llion-debt

Why Is BP Controlling Louisiana’s Cops?
http://washingtonindependent.com/85648/ ... ianas-cops

Jamaica Declares State of Emergency After Obama Demands Arrest of “Robin Hood” Drug Lord
http://www.infowars.com/jamaica-declare ... drug-lord/

Obama to Send 1,200 Guard Troops to Mexico Border
http://www.nytimes.com/2010/05/26/us/26border.html

Home Prices Decline 3.1% in First Quarter, FHFA Says (Update1)
http://www.businessweek.com/news/2010-0 ... ate1-.html

Israel building concentration camp for Freedom Flotilla crew
http://deadlinelive.info/2010/05/25/isr ... illa-crew/

Taxpayer Funded Terrorism
http://www.humanevents.com/article.php?id=37151

As Greece Suffers More Strikes Liberals Should Watch Closely
http://biggovernment.com/bschaeffer/201 ... ernment%29

Oil reaches Louisiana shores
http://www.boston.com/bigpicture/2010/0 ... hores.html

....Is it just me....or are things really starting to heat up at multiple angles....natural disasters (earthquakes, volcanoes, severe/odd weather), man made disasters (disease, food disorder/malfunctions, oil spill), economic (Europe, states, China, Japan), military (North Korea, Iran, Mexico, Afghanistan, Iraq)??????

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

UK gov't discloses size of its nuclear stockpile
http://news.yahoo.com/s/ap/20100526/ap_ ... in_nuclear

Why Housing Has Another Leg Down
http://www.zerohedge.com/article/why-ho ... r-leg-down
The EURJPY has now pushed back below the 110 support even as stocks, which nobody except a few computers, trades any more, fight tooth and nail to give the impression there is buying interest. Hopefully, readers have been prudent enough to stay out of the market since when it broke down terminally, some time in April of 2009, and ridiculous equity moves such as today's will not matter. What should matter, is the ongoing flatenning in the 2s10s, which, as we have claimed previously, is a far more troubling phenomenon, and indicates that between the unending FX carry unwinds, and the Treasury steepener selloffs, liquidations are continuing. That these are not spilling over into the now completely irrelevant stock class is not at all important: stocks are now just for administrative window dressing, and to push the Obama propaganda just how good the economy is, which as everyone knows, is a massive lie.
http://www.zerohedge.com/article/market ... ng-further

Is China Preparing To Divest Its $630 Billion In Eurozone Bond Holdings?
http://www.zerohedge.com/article/china- ... d-holdings

...I wish China the best of luck in finding somewhere safe to stick their money!
And for those with more than a one-day, or one milisecond investment horizon, Farrell sees a new crash as "imminent, worse than 2008"

More proof: Earlier economist Gary Shilling said price-to-earnings ratios are at a "nosebleed 22.5 level." The Dow was around 11,000. Money manager Jeremy Grantham recently said the market's overvalued 40%. That could mean a collapse to 6,600. Last week in Reuters' "Markets Could Be Derailed Again," George Soros echoed a "game over" warning with a "stark warning ... that the financial world is on the wrong track and that we may be hurtling towards an even bigger boom and bust than in the credit crisis."

Now Dow Theory's Richard Russell is warning the public of an imminent crash: "Sell ... get liquid ... by the end of this year they won't recognize the country."

A bigger meltdown than the credit crisis? Yes, Bush's team drove America into a ditch. But now Obama and his money men, Summers, Geithner, Bernanke, are digging the hole deeper. Soros says we have not learned "the lessons that markets are inherently unstable." As a result, "the success in bailing out the system on the previous occasion led to a super-bubble." Now "we are facing a yet larger bubble." Worse than 2008?

Yes, the game may be "in the refrigerator," the lights will go out, but as Soros hints, the electricity may get turned off too. Get it? This may not be a correction. Not even a bear. What's coming could be worse than the 2000 dot-com crash and the 2008 meltdown combined, a "Super-Bubble" says Soros. And the biggest reason, Nouriel Roubini and Stephen Mihm tell Newsweek, is that "the president's half-measures won't fix our failed financial system" because he refuses to "bust up the too-big-to-fail banks."

It gets worse: what is about to come upon us is not just a new crash, it is the Great Depression II, it is the end of capitalism.

So please listen closely: All the TARP bailouts, stimulus debt and Fed loans won't work. Neither will a new conservative government. This is not a basketball game. We are not channeling Chick Hearn, calling this game before the final buzzer. While we prefer the illusion that "this time really is different," eight centuries of history suggest otherwise:

"The lesson of history, then, is that even as institutions and policy makers improve there will always be a temptation to stretch the limits. ... If there is one common theme to the vast range of crises ... it is that excessive debt accumulation, whether it be by the government, banks, corporations, or consumers, often poses greater systemic risks than it seems during a boom. ... Highly indebted governments, banks, or corporations can seem to be merrily rolling along for an extended period, when bang -- confidence collapses, lenders disappear and a crisis hits. ... Highly leveraged economies ... seldom survive forever ... history does point to warnings signs that policy makers can look to access risk -- if only they do not become too drunk with their credit bubble-fueled success and say, as their predecessors have for centuries, 'This time is different'."

No, "this time" it's never different. Get it? In the end, it doesn't matter what happens to the Dodd-Obama financial reforms. The endgame's never a Black Swan, it's a very White Swan well known to historians -- guaranteed, inevitable and inescapable. This time is never different.

The clock's flashing. Huge point spread. Think bear, think crash, think end of capitalism, think Great Depression II ... This is no buying opportunity, this game's in the refrigerator, call it.
http://www.zerohedge.com/article/paul-f ... i-imminent

Latin America and the Caribbean: Illicit Drug Trafficking and U.S. Counterdrug Programs
http://info.publicintelligence.net/R41215.pdf

ExxonMobil Brief: Dispersants, Corexit in Oil Spill Response
http://info.publicintelligence.net/Disp ... istory.pdf

Top Construction Firm: WTC Destroyed By Controlled Demolition
http://www.infowars.com/top-constructio ... emolition/

James Carville Slams Obama on Oil Spill: ‘We’re About to Die Down Here!’
http://deadlinelive.info/2010/05/26/jam ... down-here/
BP-owned Alaska oil pipeline shut after spill

(Reuters) - The Trans-Alaska Pipeline, partly owned by BP, shut down on Tuesday after spilling several thousand barrels of crude oil into backup containers, drastically cutting supply down the main artery between refineries and Alaska's oilfields.

The accident comes at a difficult time for BP -- the largest single owner of the pipeline operator, holding 47 percent -- as it struggles to plug a gushing Gulf of Mexico oil well.

The shutdown followed a series of mishaps that resulted from a scheduled fire-command system test at Pump Station 9, about 100 miles south of Fairbanks, said Alyeska Pipeline Service Co, the operator of the 800-mile oil line.

The power outage triggered opening of relief valves, causing an unspecified volume of crude oil to overflow a storage tank into a secondary containment. There were no injuries, but the approximately 40 people at the work site were evacuated, Alyeska spokeswoman Michele Egan said.

North Slope oil producers have cut their flow into the pipeline's Prudhoe Bay intake station to 16 percent of their normal rates, Egan said. There is enough storage capacity to allow the line to be shut down for 48 hours as long as producers maintain the 16 percent flow rate, she said.

It is unclear how long the shutdown will last.
http://www.reuters.com/article/idUSTRE6 ... mesticNews
UPDATE 3-BP-owned Alaska oil pipeline shut after spill

* 800-mile pipeline from Alaska's oilfields closed

* Pipeline part-owned by BP

* Producers cutting output to 16 pct of normal (Adds background on importance of pipeline)
http://in.reuters.com/article/governmen ... 26?sp=true

Haitian Farmers to Burn Donated Monsanto Hybrid Seed
http://blogs.laweekly.com/squidink/food ... haiti-pro/

New 5.56 ammo used sparingly in combat
http://militarytimes.com/news/2010/05/m ... t_052410w/

Obama Continues to Bully Iran
http://dissidentvoice.org/2010/05/obama ... ully-iran/

Afghans Believe US is Funding Taliban - "The US has an interest in prolonging the conflict"
http://www.globalresearch.ca/index.php? ... leId=19340

Despite Soaring National Debt, Congress Goes on Spending Spree
http://www.foxnews.com/politics/2010/05 ... ing-spree/

Is North Korea on the Verge of Collapse?
http://oilprice.com/Geo-Politics/Asia/I ... lapse.html

The Greek Bailout's Two Secret Exit Clauses: Why Europe Is Now Cheering For Its Own Demise
http://www.zerohedge.com/article/greek- ... own-demise

Rothschilds Engineer Fire Sale Of UK Infrastructure To Offshore Corporations
http://www.prisonplanet.com/rothschilds ... tions.html

October Surprise: Rahm Emanuel Goes to Jail for Obama
http://www.humanevents.com/article.php?id=37191
Whistleblower gets 20 months in prison

The Obama administration’s crackdown on leaks to the press has snared a high-profile conviction of an FBI linguist, who was sentenced to 20 months in prison Monday after pleading guilty to giving classified information to a blogger.
http://www.politico.com/news/stories/05 ... z0p4C4Q0eg

RFID chip implanted into man gets computer virus
http://news.bbc.co.uk/2/hi/technology/10159315.stm
PROVIDENCE — Thousands of Rhode Island income-tax refunds are being delayed longer than previously reported because of state cash-flow problems.

Overall, the state has delayed payment of about 53,000 individual income-tax refunds — totaling about $36.3 million — to make sure it has enough money to pay off state borrowings that come due in June, said Paul L. Dion, chief of the state Office of Revenue Analysis.
http://www.projo.com/news/content/tax_r ... 1d9b9.html

Ky. House passes $17.1 billion state budget that would avert partial government shutdown
http://www.canadianbusiness.com/markets ... =D9FUMK280

This week's announcement that Oregon's state budget has a $560 million hole in it is drawing shock and dismay from agency directors and school leaders Wednesday.
http://news.opb.org/article/7439-oregon ... dget-cuts/

Obama’s ‘Empathy for Sexual Sadists’ Judge
http://www.humanevents.com/article.php?id=37173

What Will They Think of Next? DARPA's "Malintent" Machines
http://antifascist-calling.blogspot.com/

10 Shocking Facts About The Unprecedented Environmental Horror In The Gulf Of Mexico
http://howtohelpsavetheenvironment.com/ ... -of-mexico

This is video 'BP does not want you to see'
http://blogs.tampabay.com/talk/2010/05/ ... o-see.html

More Reports of Illness Emerge Among Gulf Cleanup Workers
http://www.propublica.org/ion/blog/item ... kers#15128

US sets up missiles near Russian border
http://www.independent.co.uk/news/world ... 81968.html

New Home Prices: Median Lowest since 2003
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

MBA: Mortgage Purchase Applications at 13 Year Low
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
The housing market is sick. At least that is what is being said by David Stevens who is the FHA agency head. FHA insured loans have been an enormous problem and it is simply another wreck coming down the highway. The reason FHA loans are problematic is that they rely on an absurdly low down payment. Most can get by with 3.5% down payment and contrary to housing cheerleaders, most people purchase with as little as possible if they go with FHA insured loans. After all, if you had 20 percent down why would you want to take on a loan that had added monthly costs including PMI? But this is where the housing market is today. In fact, probably for the first time in history FHA insured loans were a bigger part of the market than dubious Fannie Mae and Freddie Mac:

For the first quarter of 2010, FHA insured loans backed $52.5 billion in home mortgages while Fannie Mae and Freddie Mac combined backed $46 billion. This made up 95% of the entire mortgage market. So much for banks lending out their “own” money (which is our bailout money) and having faith in the American consumer:

Most recent data shows the “serious default” rate up to 9 percent. This is extraordinarily high. This is a market that averaged between 0.5 percent and 2 percent for nearly 50 years and we are still near peak levels of distress. Yet what do we do with this information? Instead of address the obvious problems, we step on the gas and decide to rely on these government backed agencies to do the dirty work of the banking industry. It is the perfect silo structure.
http://www.doctorhousingbubble.com/fha- ... e+SoCal%29

Treasury Auction Schedule for the Week of May 24, 2010
http://treasuryauctionwatch.blogspot.co ... of_23.html

FDA probes hundreds of problems with J&J medicines - 775 reported complications, hundreds more since recall
http://www.reuters.com/article/idUSN2618470020100526

"What in the World are They Spraying?" - Official Trailer
http://www.youtube.com/watch?v=te_FOsKL ... r_embedded

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Iceland President Warns That "Significant Eruption At Katla Volcano Is Close"
http://www.zerohedge.com/article/icelan ... cano-close

Equity Fund Flows Extend Rout: $4.8 Billion In Outflows In Past Week
http://www.zerohedge.com/article/equity ... -past-week

The Hard Truth About Residential Real Estate
http://www.zerohedge.com/article/hard-t ... eal-estate

Tornado Trifecta
http://www.weather.com/blog/weather/8_2 ... m=blog_rss

Paul Craig Roberts: Government Abandoned Vietnam POWs
http://www.infowars.com/paul-craig-robe ... tnam-pows/

FYI - Bo Gritz's "Called to Serve" offers great insight into the POW issue....I highly recommend it...great read!

(U//FOUO) U.S. Air Force 21st Century Threat Guide
http://info.publicintelligence.net/USAFthreats.pdf

Darpa’s Super Sniper Scopes in Shooters’ Hands by 2011
http://www.federaljack.com/?p=15716

Is Europe heading for a meltdown?
http://www.telegraph.co.uk/finance/comm ... tdown.html

The Worst Money Supply Plunge Since The Depression Means A Double Dip Is Now A 'Virtual Certainty'
http://www.businessinsider.com/money-su ... z0pA8nc046

23 published studies report an association of reduced IQ with high fluoride exposure
http://fluoridealert.org/iq.studies.html

Col. Eugene Khrushchev: The Histrionics Of US Drug-Controlled Policy
http://www.veteranstoday.com/2010/05/27 ... ed-policy/

Bloggers Beware – They’re Coming After You!
http://biggovernment.com/tprice/2010/05 ... ernment%29

Nuclear War Between Koreas: Brought To You By The US Government
http://www.infiniteunknown.net/2010/05/ ... Unknown%29

CDC has to admit it mislead public about lead in D.C. water
http://www.infiniteunknown.net/2010/05/ ... Unknown%29

Nets slung around Apple factories to deter suicidal employees
http://www.smh.com.au/digital-life/digi ... -wear.html

2nd Iceland volcano issues ominous warning - Scientists say a more powerful Katla volcano is 'close to failure'
http://www.msnbc.msn.com/id/37371442/ns ... ws-europe/

S. Korea on alert as N. Korean subs disappear in East Sea
http://english.yonhapnews.co.kr/nationa ... 00315.HTML

Feds Issue Terror Watch for the Texas/Mexico Border
http://www.foxnews.com/us/2010/05/26/te ... an-border/

FTR #707 Update on Euro Fascism
http://spitfirelist.com/for-the-record/ ... cord%27%29

Poor People Spend 9% Of Income On Lottery Tickets
http://consumerist.com/2010/05/poor-peo ... ckets.html
The DOL reports on weekly unemployment insurance claims:

In the week ending May 22, the advance figure for seasonally adjusted initial claims was 460,000, a decrease of 14,000 from the previous week's revised figure of 474,000. The 4-week moving average was 456,500, an increase of 2,250 from the previous week's revised average of 454,250.
...
The advance number for seasonally adjusted insured unemployment during the week ending May 15 was 4,607,000, a decrease of 49,000 from the preceding week's revised level of 4,656,000.

Still disappointing ... the 4-week average has been moving sideways for almost five months.
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
Miami Commissioner Says Bankruptcy is City's Best Hope; Chris Christie Says New Jersey Careens Towards Becoming Greece

I keep waiting for some large city to take initiative and declare bankruptcy to escape the onerous burden of public pensions. Perhaps Miami is that city.

NBC Miami reports Miami Budget Begging for Bankruptcy

Please click on the above link to see a very interesting video. The video is not embeddable.

Partial Transcript

The city of Miami is in such financial dire straits that commissioner Marc Sarnoff is using the "B" word, bankruptcy.

"We are not the only city, municipality to be going through this. It looks like Los Angeles sometime next week or the week after will be going bankrupt. It looks like there will be 30 more cities following suit."

Increases in public worker salaries is one of the main reasons why the budget is so tight. The average salary for a Miami city employee is $76,000. The average salary for a Miami city resident is $29,000.

Employee pensions are choking the budget too. In 2000, pension payouts cost taxpayers $16 million. In 2009 that number spiked up to $70 million.

Should the city go into bankruptcy, the commissioners and their politics would no longer be in charge of city finances, the judge would be.

[Sarnoff] "You no longer have 5 people making political solutions. You now have one person who is looking after the best interest of the taxpayer of the city of Miami, without any politics getting into his or her way."

The Judge could order union contracts be renegotiated. He or she could decide what creditors get paid or not get paid.
....
Commissioner Sarnoff offers 3 options to avoid bankruptcy.

1. Renegotiate those union contracts
2. Layoff about 800 city workers
3. Raise your property taxes

In this economic climate that last option is not likely at all
.....
I see no indication Los Angeles is about to declare bankruptcy anytime soon as Sarnoff suggests. However, it is perfectly clear that Los Angeles is indeed in pathetic shape and bankruptcy is the best option.

The same applies to Houston and many other large cities as well. I look forward to the day one of these big cities finally tells their public unions where to go.

All it takes is one big city to start the ball rolling.
http://globaleconomicanalysis.blogspot. ... nalysis%29
In what is absolutely guaranteed to spawn more lawsuits BP Cites Crucial 'Mistake'

Oil giant BP PLC told congressional investigators that a decision to continue work on an oil well in the Gulf of Mexico after a test warned that something was wrong may have been a "fundamental mistake," according to a memo released by two lawmakers Tuesday.

The document describes a wide array of mistakes in the fateful final hours aboard the Deepwater Horizon—but the main revelation is that BP now says there was a clear warning sign of a "very large abnormality" in the well, but work proceeded anyway.

The rig exploded about two hours later.
http://globaleconomicanalysis.blogspot. ... nalysis%29

Why Deleveraging Is Necessary For Economic Recovery
http://dailycapitalist.com/2010/05/26/w ... italist%29

Housing Prices Continue 6 Month Decline
http://dailycapitalist.com/2010/05/25/h ... italist%29
AK-200 rifle: The 21st Century AK

The next generation AK has finally been given a name: AK-200. Last year I posted photos of the prototype. It featured a 60 round magazine, folding stock, plenty of picatinny rails and a bipod/handguard.
http://www.thefirearmblog.com/blog/2010 ... rm+Blog%29

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

This is a market purely on life support, sustained by the federal government,”- David Stevens, FHA chief
Congress moves to end ban on gays in military
http://news.yahoo.com/s/ap/20100528/ap_ ... s_military

Senate committee votes to end military’s anti-gay ‘Don’t Ask, Don’t Tell’ policy
http://rawstory.com/rs/2010/0527/senate ... ll-policy/

Louisiana congressman breaks down at oil hearing
http://rawstory.com/rs/2010/0528/oil-di ... p-hearing/

Scientists: Newly discovered Gulf oil plume is 22-miles long, six-miles wide
http://rawstory.com/rs/2010/0527/scient ... iles-wide/

Gulf of Mexico Oil Apocalypse Creates Underwater Nightmare
http://www.infiniteunknown.net/2010/05/ ... Unknown%29

BP resumes 'top kill' effort to stop leak - Gulf disaster becomes biggest spill in U.S. history
http://www.msnbc.msn.com/id/37353392

After delay, BP restarts 'top kill' effort
http://www.cnn.com/2010/US/05/27/gulf.o ... tml?hpt=T1

Prominent Oil Industry Insider: "There's Another Leak, Much Bigger, 5 to 6 Miles Away"
http://www.washingtonsblog.com/2010/05/ ... heres.html

North Korea warns it will meet war with 'all-out war'
http://www.cnn.com/2010/WORLD/asiapcf/0 ... tml?hpt=T2

North Korea’s Payback to the South
http://www.humanevents.com/article.php?id=37220

North Korea reacts angrily as Seoul's navy holds military exercises off coast
http://www.guardian.co.uk/world/2010/ma ... ary-drills

North Korea scraps South Korea military safeguard pact
http://news.bbc.co.uk/2/hi/world/asia_p ... 170019.stm

So Much For Reconciliation: North Korea Warns Of "All Out War" At Press Conference
http://www.zerohedge.com/article/so-muc ... conference

The Prepper Movement -- a Growing Network Preparing for the World's End
http://www.asylum.com/2010/05/19/preppe ... estruction

Armalite AR-10 .243 Win.
http://www.thefirearmblog.com/blog/2010 ... rm+Blog%29

Bankruptcy talk spreads among Calif. muni officials
http://www.reuters.com/article/idUSTRE64Q6CQ20100527

More Cities on Brink of Bankruptcy
http://www.cnbc.com/id/37354955

Time for law abiding American citizens to stop paying taxes, start a new US government? 1 of 13
http://dailycensored.com/2010/05/27/tim ... ensored%29

Transocean drilled in Burmese waters linked to drug lord
http://www.mizzima.com/news/world/3984- ... lord-.html

National Guard Troops Were Requested By Calderon ‘To Stop Guns From Entering Mexico’
http://deadlinelive.info/2010/05/28/nat ... %E2%80%99/

Maoists derail train in India, 71 killed
http://rawstory.com/rs/2010/0528/maoist ... 71-killed/

Thailand – a Mirror of World Developments
http://dailycensored.com/2010/05/27/tha ... ensored%29

More Spanish Cold Fusion: Second Largest Savings Bank Caja Madrid Now In Merger Talks With 5 Smaller Banks
http://www.zerohedge.com/article/more-s ... to+zero%29

Volcanic Ash Receiving Electric Charge; “Atmospheric Electricity and Normal Weather Activity” Probably Not the Source - HAARP???
http://cryptogon.com/?p=15682

Study Finds Supplements Contain Contaminants
http://www.nytimes.com/2010/05/26/healt ... erbal.html
Crash reveals improper food transport

BROOKSTON, Ind. (WLFI) - Police said a crash on I-65 Thursday morning revealed that a truck transporting chicken, fruits, and vegetables was not refrigerated and was not transporting these products properly.

Police were called to the scene of a two-vehicle crash near Brookston in White County, Indiana just before 7:30 a.m. on Thursday.

The accident involved a semi driven by 43-year-old Stanina Rolandas of Oak Lawn, Illinois, and a box truck by 26-year-old Jose Perez, according to Indiana State Police Trooper Ryan Winters.

Police said a witness stated that Rolandas's semi entered the right lane and forced Perez's box truck off the road into the ditch.

Police said Perez's truck rolled on its side and came to rest at the bottom of the ditch. The truck spilled its cargo - including dressed chickens, fruits, and vegetables - across the bank of the ditch.

Police said further investigation revealed that the produce inside Perez's truck was not being properly transported. They said the box truck was not refrigerated, and raw meat should not be transported with vegetables and fruit.

Police said the White County Health Department and the Indiana Department of Health had been contacted.

Police said the cargo of Perez's truck had been officially condemned by the Indiana Department of Health and destroyed.

The box truck had been en route from Chicago to Indianapolis.
http://www.wlfi.com/dpp/news/local/cras ... -transport

Bill Gates funds covert vaccine nanotechnology
http://www.naturalnews.com/028887_vacci ... Gates.html

U.S. Stocks Fall as Personal Spending Sputters
http://preview.bloomberg.com/news/2010- ... limbs.html

5 Of 7 Chicago PMI Components Drop: Prices Paid, Backlogs, Employment And Inventories At 2010 Lows
http://www.zerohedge.com/article/5-7-ch ... to+zero%29

Is the U.S. Government Planning War to Quell the Tide of Economic Unrest?
http://www.lewrockwell.com/barnett/barnett25.1.html

Central Banking vs. The Republic and the World
http://canadafreepress.com/index.php/article/23683

Greenspan admits Iraq was about oil, as deaths put at 1.2m
http://www.guardian.co.uk/world/2007/se ... aqtimeline

Homegrown terrorist threat to be part of National Security Strategy
http://www.cnn.com/2010/POLITICS/05/27/ ... wn.terror/

Senators call for end to anonymous, prepaid cell phones
http://arstechnica.com/tech-policy/news ... roblogging
Support the Free Speech About Science Act and restore freedom of health speech

Current law restricts health claims to drugs only

The FDA says, ridiculously, that only pharmaceutical drugs are capable of preventing or treating disease. Even though this is scientifically false, the agency has structured the rules to categorize anything that treats or prevents disease as a drug. So if you eat walnuts, and those walnuts lower high cholesterol (which they do), the FDA declares your walnuts to be "drugs."

Existing law dictates that if anything is advertised as providing health benefits without the FDA's approval, it's automatically considered to be an "unapproved drug", even if it's a common, everyday food like walnuts, cherries, grapes or oranges.

Amazingly, references to peer-reviewed scientific studies are not allowed to be made by companies without permission from the FDA because the agency considers this to be an illegal health claim. So if you sell walnuts, and your website merely links to published scientific studies that describe the cholesterol-lowering benefits of walnuts, then you can be threatened, arrested, imprisoned and fined millions of dollars by the FDA for selling "unapproved drugs."

If you flee the country, you can be then be listed on INTERPOL as an international fugitive wanted for "drug offenses." This is exactly what happened to Greg Caton, who was recently kidnapped from Ecuador by U.S. agents working on behalf of the FDA (http://www.naturalnews.com/027750_G...), brought back to the USA against his will, and sentenced to federal prison where he remains to this day.

The FDA thinks walnuts are drugs

If you're skeptical that what I'm saying here is true, take a look at the warning letter the FDA sent to Diamond Food, Inc. back in February concerning the health claims the company had been making about its walnuts.

Diamond Food, Inc., a large producer of nuts and nut products, had put some information on its website about the health benefits of walnuts (which are rich in omega-3 fatty acids). Some of this information included the following statements (all of which are verifiably true):

1) "Studies indicate that the omega-3 fatty acids found in walnuts may help lower cholesterol; protect against heart disease, stroke and some cancers; ease arthritis and other inflammatory diseases; and even fight depression and other mental illnesses."

2) "[O]mega-3 fatty acids inhibit tumor growth that is promoted by the acids found in other fats..."

3) "n treating major depression, for example, omega-3s seem to work by making it easier for brain cell receptors to process mood-related signals from neighboring neurons."

4) "The omega-3s found in fish oil are thought to be responsible for the significantly lower incidence of breast cancer in Japanese women as compared to women in the United States."

All of these statements are true and have been demonstrated in various scientific studies about omega-3s. In fact, the University of Maryland has a complete reference page about the benefits of omega-3s that verifies the statements made by Diamond Food. Sixty-five different scientific studies are cited on that reference page alone!

But apparently the FDA has little concern with truth and science, because the agency wrote in its warning letter to Diamond that, "ecause of these intended uses, your walnut products are drugs... they are not generally recognized as safe and effective for the above referenced conditions." It goes on to say that, "they may not be legally marketed with the above claims in the United States without an approved new drug application."

When all was said and done, Diamond was essentially coerced into removing virtually all the truthful information about the health benefits of walnuts from its website in order to stay in compliance with the FDA's ridiculous demands.

So when science discovers the amazing health-promoting and healing abilities of natural, whole foods, you are not allowed to actually tell people about it. If you do, those foods automatically become unapproved drugs, according to the FDA, and they are subject to seizure. This is how the FDA enforces nutritional ignorance across America. The agency is actually an ANTI-EDUCATION group of knowledge destroyers who want the American people to remain ignorant of the health benefits of natural foods and supplements.

FDA flip-flop on the walnut issue

What's interesting about this recent Diamond walnut case is that, back in 2004, the FDA (sort of) approved a request made on behalf of the California Walnut Commission to include information about the benefits of walnuts for lowering cholesterol and reducing the risk of coronary heart disease.

The petition to the FDA included references to scientific information that backs these claims (which were largely rejected by the agency), but it did allow a modified version of the claim to be made that included the phrase "Supportive but not conclusive research shows...". Some other details included a reference to eating a diet low in saturated fat.

But in the Diamond case, the FDA decided to launch an all-out attack on true health claims about walnuts, despite comprehensive evidence that they are extremely beneficial to your health in many scientifically-proven ways.

The FDA does not believe in nutrition, period!

It's important to note here that the FDA believes there is no such thing as any food, vitamin, herb or supplement that has ANY beneficial effect on the human body. Sadly, this outrageously ridiculous and indefensible position has become the law of the land in the USA.

All foods are inert, the FDA claims. And the vitamins, minerals and phytochemicals in those foods have no effect on your body. This impossible belief is what the FDA continues to maintain as "scientific" fact.

But it's obvious to anyone with a couple of brain neurons still firing that the FDA's position is pure madness. Of course foods have beneficial health effects on the human body! Foods contain more than mere calories... they are storehouses of phytochemicals and nutrients that have medicinal effects on the body.

http://www.naturalnews.com/028879_censo ... foods.html

German Economics Minister Confirms Fed Manipulates The FX Market

The German Economics Minister Rainer Bruederle has just confirmed precisely what many have known and said for years, namely that the US Federal Reserve is active in the secondary markets, in this particular case in FX. While not so much of a secret for some of the fringe players such as a the SNB, BOE and BOJ, the Fed has never had a formal statement on currency intervention, as, of course, it would have been seen as a sign of weakness (and allegedly could be considered an unconstitutional activity). And why would anybody dream of manipulating the world's strongest currency. Of course, if Bernanke manipulates currencies, as has now been confirmed, it is more than clear that he directly buys and sells stocks in the secondary market, and/or Treasuries in the primary. We wonder what other juicy disclosure Bernanke's trans-Atlantic CB colleagues will announce once they are cornered about their recent market manipulative conduct.

From Dow Jones:

The U.S. Federal Reserve is also active in currency markets, German Economics Minister Rainer Bruederle said Friday.

His comments come on the heels of remarks made by his Swiss counterpart who said that the Swiss National Bank purchased euros to buttress the single currency.

"It is a regular procedure of central banks," to intervene in currency markets, Bruederle said. "It is not a secret," that central banks have a foreign exchange rate target, he added.

Bruederle said "eruptive" movements have to be avoided. He previously said that China holds 25 percent of its foreign exchange reserves in euros.

http://www.zerohedge.com/article/german ... -fx-market

Government Passes Most Recent Unemployment "Stimulus" Bill, Budget Deficit To Increase By $30 Billion
http://www.zerohedge.com/article/govern ... 30-billion

In the current environment, where the market's Advance/Decline line is swinging with greater daily amplitude than ever before, the only thing glaringly obvious is that nobody has any clue how to trade pretty much any asset class. Which is why the following presentation by Morgan Stanley's Jim Caron does a great job at summarizing at least some of the core fundamentals in this new, "new normal" where corporate risk no longer exists, only to be replaced with unprecedented sovereign risk and pervasive moral hazard. It is a must read for anyone who dabbles in any market even remotely connected to credit (which implies everyone): 112 pages of no-nonsense (if somewhat biased) goodiness.

http://www.zerohedge.com/sites/default/ ... %20May.pdf

The endlessly entertaining Hugh Hendry, who gave Jeffrey Sachs a royal beatdown yesterday and pretty much discredited the Columbia professor for life, is back in this interview with Money Week's Merryn Webb, in which he once again is not afraid to make "bold" statements. Such as that hyperinflation is pretty much inevitable, that China is the functional equivalent of the Next fashion chain in the 1980s, that instead of listening to idiots on TV who just talk their high beta books, investors should buy the largest and safest stocks.

As for hyperinflation, Hendry's view coincides with that of Zero Hedge: "the current deflationary shock will deepen and then create "political legitimacy to go nuclear with hyperinflation" via the printing press."

http://www.zerohedge.com/article/hugh-h ... rinflation

Of course that is ignoring the conspiratorial aspect of history.....and assuming everyone wants the current game to continue....

Pentagon tries to steer media coverage on Iraq
http://www.washingtonpost.com/wp-dyn/co ... 03839.html

2nd Iceland volcano issues warning
http://www.msnbc.msn.com/id/37371442/ns ... ws-europe/

10 Things You Need (But Don't Want) To Know About the BP Oil Spill
http://www.alternet.org/water/147014

Wildlife toll begins to confirm greatest fears
http://www.sfgate.com/cgi-bin/article.c ... 1DL0LL.DTL

Restaurant Index: Same store sales and customer traffic off in April
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Home Sales Set to Plummet in Markets Hit Hard by Foreclosures
http://preview.bloomberg.com/news/2010- ... sures.html

UPDATE 3-US to halt 33 exploration rigs in deepwater review
http://www.reuters.com/article/idUSN2714716920100528

Meanwhile, Here Are 20 Signs That China Is Cornering The Global Oil Market
http://www.businessinsider.com/20-oil-p ... z0pFy3HgPS

Double Digit Health Insurance Hikes Crush Small Businesses
http://globaleconomicanalysis.blogspot. ... nalysis%29

ECRI Leading Indicators Dip Again; Is a Double-Dip Recession Coming?
http://globaleconomicanalysis.blogspot. ... nalysis%29

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

BP / Gulf Oil Spill - Moving Toward Florida Straits (??)

We just finished analyzing the MODIS / Aqua satellite image shot the afternoon of May 27. It again clearly shows the main body of the oil slick (solid orange line) around the site of the leaking Macondo well, and also shows deep entrainment in the Loop Current. Disturbingly, we see signs of thin surfactant - possibly oil from this spill - in the Loop Current where it moves past the Dry Tortugas and toward the Florida Straits (dashed orange line):

There are natural processes that generate thin layers of oily surfactant, so this does not necessarily show that oil from the spill is moving into the Straits yet. But the spill has clearly been interacting with the Loop current since May 17, and at a speed of 1 to 2 knots (see below), ten days is enough time for some of that oil to have moved 240 to 480 nautical miles (276-552 miles). Although it's 510 miles as the crow flies from the leaking well site to Florida Straits, the convoluted path taken by the Loop Current adds up to a total distance of about 900 miles, so we may not be there yet. Consider this a possibility, not a definitive conclusion.

Sytematic water sampling in the eastern Gulf sure would be helpful to pin this down - is anyone doing that?
http://blog.skytruth.org/2010/05/bp-gul ... kyTruth%29

BP Suspends "Top Kill" For Second Time After Trying Two Junk Shots. Less Than 10% of Injection Fluids are Staying Inside the Leaking Pipes
http://www.zerohedge.com/article/bp-sus ... ids-are-st

Matt Simmons Tells Bloomberg Only Way To Contain Oil Leak Is With Small Nuclear Bombs, "Top Kill" Is Just A Distraction
http://www.zerohedge.com/article/matt-s ... l-just-dis

A lot....A LOT of oil comes out of the gulf.....imagine what the repercussions of a underwater nuke would be on neighboring drilling rigs....

(U//FOUO) Florida National Guard Deepwater Horizon Situation Update
http://info.publicintelligence.net/BPoilspillupdate.pdf

U.S. Planning Possible Unilateral Attack on Pakistani Taliban
http://publicintelligence.net/u-s-plann ... i-taliban/

NYC plot prompts U.S. to plan Pakistan attack
http://www.msnbc.msn.com/id/37410800/ns ... ton_post//

Attempt To Topkill Stock-EUR Correlation Suffers Massive Failure, Resulting Sewage Floods Permabullish Pundits
http://www.zerohedge.com/article/attemp ... ods-permab
A Busted Formula, by Eric Sprott and David Franklin

There’s nothing wrong with throwing a little money at a problem to make it go away. There’s equally nothing wrong with throwing a little borrowed money at a problem to make it disappear, as long as you have the means to pay that borrowed money back.

But what happens if you throw a lot of borrowed money at a problem, and the problem doesn’t go away? If you’ve ever experienced a situation like that you can probably understand how Europe feels right now. It just unleashed a magnificent $1 trillion euro bailout and the market responded with a selloff by the end of the week! So what happened? That money was supposed to make the problem go away, after all. And it was a lot of money. Why did the market respond to it with such disdain?

We believe the market’s reaction is confirming what we have long suspected: that these bailouts provide next to no long-term value. They don’t produce real jobs. They don’t improve productivity. They just prolong the precarious leverage game played by the financial sector, and do so at tremendous cost to taxpayers. "Bailout and Stimulate" has been the rallying call for governments and central banks since the beginning of this financial crisis – and it has certainly had its impact over the last two years, but not the type of impact we need to propel real, sustainable growth. There are three recent, glaring examples of this busted "Bailout and Stimulate" formula in action:
http://www.zerohedge.com/article/eric-s ... ed-formula

Toronto police prepare for G20 urban warfare
http://www.youtube.com/watch?v=cINhSvF_ ... r_embedded

VIDEO: The US rather than North Korea is a Threat to Global Security - US Military confirms that 20% of North Korea's Population was Killed during Korean War
http://www.globalresearch.ca/index.php? ... leId=19357

Bank Failure #78: Sun West Bank, Las Vegas, Nevada
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

House OKs extension of unemployment benefits
http://www.latimes.com/business/la-fi-u ... 4468.story
The current economy is based on smoke and mirrors pulled from the Wall Street bag of tricks. This has been the worst May on record dating back to 1962. Many Americans are finally waking up realizing that they have been scammed for the past decade and what seemed to be a recovery was merely a stock market going up for the benefit of a very few. The market is largely operating with the same structure that led us into the crisis so it should be no surprise that we have days where the market can seemingly fall 1,000 points with really no explanation. And if we look at the consumer mortgage market, we will find $10.2 trillion in mortgage debt outstanding. Over 14 percent of mortgages in the U.S. are either in foreclosure or 30+ days late. The show ends once the bag of tricks is removed.

So what caused all this volatility in May? Part of it has to do with global debt problems. These no doubt shook the markets. But if we look at housing, two crutches for housing were removed. The Federal Reserve finished buying up $1.25 trillion in mortgage backed securities and the government tax credit ended. In fact, you can see problems already hitting the market almost in real-time. Sales have fallen since much of the demand was pulled forward. You can expect this trend to reflect in home sales data for the upcoming months since many reports look at various points of the home buying experience and this can take 30 to 45 days to report.

Carefully examine the above chart. Once mortgages go 60 days late, they are virtually a lost cause. The ability to cure mortgages is at all time record lows. A program like HAMP was fighting the above powerful trend. Keep the above in mind when you read the following data on distressed mortgages:

“(MBAA) The delinquency rate includes loans that are at least one payment past due but does not include loans in the process of foreclosure. The percentage of loans in the foreclosure process at the end of the first quarter was 4.63 percent, an increase of five basis points from the fourth quarter of 2009 and 78 basis points from one year ago. This represents another record high.

The combined percentage of loans in foreclosure or at least one payment past due was 14.01 percent on a non-seasonally adjusted basis, a decline from 15.02 percent last quarter.

The serious delinquency rate, the percentage of loans that are 90 days or more past due or in the process of foreclosure, was 9.54 percent, a decrease of 13 basis points from last quarter, but an increase of 230 basis points from the first quarter of last year.”

So the bulk of the 14 percent of distressed loans are 90 days or more past due or in foreclosure. The cure rate for this territory is horrible. We can run the quick numbers if we like:

U.S. total mortgages: 51 million

Loans in foreclosure: 2,361,300 (approximately)

90 days late or more (but not in foreclosure): 2,504,000 (approximately)

We have a potential pipeline of 2.5 million more foreclosures (almost assured in the 90 day group). Then you have another 2.5 million with at least one missed payment that have a low cure rate as well. This doesn’t seem like good news to me given the horrible cure rate on these loans. Part of the problem is with the overall economy. Even though strategic defaults are growing, 4 out of 5 foreclosures occur because people cannot pay for their mortgage. Then you have loans in California of the Alt-A and option ARM variety and you can easily understand why the housing market is in for another round of adjustments.

Key shifts in income this year:

“Private wages. A record-low 41.9% of the nation’s personal income came from private wages and salaries in the first quarter, down from 44.6% when the recession began in December 2007.

Government benefits. Individuals got 17.9% of their income from government programs in the first quarter, up from 14.2% when the recession started. Programs for the elderly, the poor and the unemployed all grew in cost and importance. An additional 9.8% of personal income was paid as wages to government employees.”

The economy is not recovering is how I read the above. Unemployment benefits and food stamp payouts are at record levels. This is not a sign of a healthy economy. I know some want to spin this as good data but it really is a mirage. I always see these studies that show how wonderful it is that all this spending helps the economy. I realize that it is useful to have a safety but please don’t spin this as a solid economic boost. If that were the case, why don’t we just guarantee everyone a $100,000 annual income for life?

The housing market is already pulling back only one month after a few government programs ended. We have millions receiving unemployment benefits and roughly 40 million receiving food assistance. Until we see this trend reverse and employment growing in a healthy way without government assistance, we can rest assured that any talk of a housing recovery is merely an elaborate trick.
http://www.doctorhousingbubble.com/fina ... e+SoCal%29

Atlanta Fed asks: How "Discouraged" are Small Businesses?
http://globaleconomicanalysis.blogspot. ... nalysis%29

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

* Merida Initiative: Is President Felipe Calderon protecting the CIA Drug Cartel?
http://countusout.wordpress.com/2010/05 ... ug-cartel/

Obama Plans to Extend Merida Initiative in Drug War Fight
http://www.talkleft.com/story/2010/5/23/11640/0028

U.S.-Mexico Security Cooperation: Next Steps for the Merida Initiative (Congressional Hearing)
http://www.mexidata.info/id2680.html

The Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF): Budget and Operations for FY2008, FY2009, and FY2010
http://assets.opencrs.com/rpts/RL34514_20100415.pdf

Definition of descriptor of Americans - Cognitive Dissonance (CDI)
Summary of the Hegelian Dialectic - the US Government's Favorite Ploy: The basic premise of the Hegelian Dialectic is to incrementally move in the desired direction to the detriment of a group of people with the voluntary consent of the aggrieved people. This is done through fear and release. First, a terrifying plan is leaked out that would mean catastrophe or a gross violation of the target people's rights. Then, a less extreme plan is proposed as a compromise to the more extreme plan. This makes the target feel relieved that things will not be as bad as originally thought, creating a sense of release, and the target voluntarily chooses to submit to the less extreme plan under the false hope that the bad guys will be satiated and under the false belief that a crisis has been averted by choosing the lesser of two evils. The bad guys are NEVER satiated, and they will be back for more in the future. In addition, choosing the lesser of two evils as dictated by the bad guys is never the solution. We must dictate our own solutions that confront evil.
http://donusa.blogspot.com/

Israeli troops storm Gaza flotilla, kill civilian aid workers
http://www.federaljack.com/?p=15788

Israel Kills At Least 15 People on Aid Flotilla in International Waters
http://publicintelligence.net/israel-ki ... al-waters/

Israel Forces Fired On Sleeping Civillians Under Cover Of Darkness
http://www.infowars.com/israel-forces-f ... -darkness/

Witnesses deny that any of aid protesters were armed
http://rawstory.com/rs/2010/0601/al-jaz ... ags-pipes/

Did Activists Attack Israeli Soldiers In Self-Defense?
http://www.infowars.com/did-activists-a ... f-defense/

Iran wants Israeli PM to face trial over flotilla raid
http://rawstory.com/rs/2010/0601/iran-i ... illa-raid/

What if Iran Had Carried Out the Gaza Carnage?
http://www.globalresearch.ca/index.php? ... leId=19454

Outrage spills onto US streets over Israeli raid on Gaza Flotilla
http://deadlinelive.info/2010/06/01/out ... -flotilla/

Dead: 19. Injured: 60. This is Israel. Appeal of the BRussells Tribunal.
Israel’s killing of 19 innocents with 60 more injured must have maximal consequences. Israel impunity is a threat to all
http://www.globalresearch.ca/index.php? ... leId=19453

Western Media Forgets to Mention That ‘Gaza Flotilla’ Is a Terror-Linked Organization (Video)
http://biggovernment.com/jhoft/2010/05/ ... ernment%29

Turkey withdraws ambassador to Israel over deaths
http://www.guardian.co.uk/world/feedarticle/9104556

Turkey: Future Gaza Aid Ships Will Have Military Escorts
http://news.antiwar.com/2010/05/31/turk ... y-escorts/

Israel vs. The World
http://blacklistednews.com/?news_id=9003

‘Top Kill’ Fails to Stop Leak
http://publicintelligence.net/top-kill- ... stop-leak/

BP Plunges After Attempt to Plug Gulf Oil Leak Fails (Update2)
http://www.businessweek.com/news/2010-0 ... ate2-.html

Obama advisor: BP has ‘financial interest’ in downplaying spill size
http://rawstory.com/rs/2010/0601/obama- ... pill-size/

BP hires Cheney spokeswoman to lead PR effort
http://rawstory.com/rs/2010/0601/bp-hir ... pr-effort/

(Reuters) - The amount of oil and gas leaking from BP's ruptured well in the Gulf of Mexico could increase as much as 20 percent while efforts are made to cap it, the White House said on Sunday.
http://www.reuters.com/article/idUSTRE64O5JX20100530
Senators demand Transocean investigation

Eighteen Democratic senators have asked the Justice Department to investigate the operator of the Deepwater Horizon offshore drilling rig after the company announced it would dole out $1 billion to shareholders as oil continues to pour into the Gulf of Mexico.
http://www.politico.com/news/stories/05 ... z0pcOzIi4Z

BP: Oil may continue flowing into Gulf until August
http://content.usatoday.com/communities ... l-august/1

Gulf Oil Spill: BP Trying To Hide Millions of Gallons of Toxic Oil? BP Embraces Exxon’s Toxic Dispersant, Ignores Safer Alternative
http://www.protecttheocean.com/gulf-oil-spill-bp/
Gulf oil spill is public health risk, environmental scientists warn

Environmentalists and fishing groups in Louisiana say prolonged exposure to the oil, in the form of tiny airborne particles as well as dispersants, could be wreaking devastating damage on public health.

They also accuse BP of threatening to sack workers who try to turn up for clean-up duty wearing protective respirators, and the Obama administration of refusing to release results of air and water quality tests that would show the impact of crude oil and dispersants on the environment.

Wilma Subra, a chemist who has served as a consultant to the Environmental Protection Agency, said there was growing anecdotal evidence that locals were falling ill after exposure to tiny airborne particles of crude. Air quality data released earlier by the EPA suggested the presence of chemicals that – while still within legal limits – could be dangerous. But Subra complained that the EPA was not releasing all data it had gathered from BP.

"Every time the wind blows from the south-east to the shore, people are being made sick," she said. "It causes severe headaches, nausea, respiratory problems, burning eyes and sore throats." Long-term health effects include neurological disorders and cancer.
http://www.guardian.co.uk/environment/2 ... -pollution

....imagine what hurricane force winds will do.....

Energy expert: Nuking oil leak ‘only thing we can do’
http://rawstory.com/rs/2010/0529/energy ... -oil-leak/

Oil spill creates huge undersea 'dead zones'
http://www.independent.co.uk/news/world ... 87039.html
The real money is in the use of dispersements.

There is a company called NALCO. They make water purification systems and chemical dispersements.

NALCO is based in Chicago with subsidiaries in Brazil, Russia, India, China and Indonesia.

NALCO is associated with UChicago Argonne program. UChicago Argonne received $164 million dollars in stimulus funds this past year. UChicago Argonne just added two new executives to their roster. One from NALCO. The other from the Ill. Dept of Educaution.

If you dig a little deeper you will find NALCO is also associated with Warren Buffett, Maurice Strong, Al Gore, Soros, Apollo, Blackstone, Goldman Sachs, Hathaway Berkshire.

Warren Buffet /Hathaway Berkshire increased their holdings in NALCO just last November. (Timing is everything).

The dispersant chemical is known as Corexit. What it does is hold the oil below the water's surface. It is supposed to break up the spill into smaller pools. It is toxic and banned in Europe.

NALCO says they are using older and newer versions of Corexit in the Gulf.. (Why would you need a newer version, if the old one was fine?)

There is big money and even bigger players in this scam. While they are letting the oil blow wide open into the Gulf, the stakes and profit rise.
http://www.blogster.com/joannemor/bombs ... -of-mexico

Gulf of Mexico oil spill: fresh questions raised about chemicals - A large undersea cloud of dissolved hydrocarbons discovered this week near the Gulf of Mexico oil spill has raised fresh questions about toxic chemicals used to fight the spill and their environmental impact
http://www.telegraph.co.uk/finance/news ... icals.html

Photo of the Day: The Oil Continues to Flow
http://www.propublica.org/ion/blog/item ... flow#15157

North Korea 'is exporting nuclear technology'
http://www.guardian.co.uk/world/2010/ma ... technology

The Korean Crisis: Cui Bono?
http://www.infowars.com/the-korean-crisis-cui-bono/

S.Korea holds war games near tense border
http://www.google.com/hostednews/afp/ar ... sGxe25az1w

Europe’s Coming Summer Of Discontent
http://theeconomiccollapseblog.com/arch ... discontent

China, Japan premiers agree hotline after naval incidents
http://www.google.com/hostednews/afp/ar ... TLG1uflZSw

Jamaica violence: Former prime minister fears indefinite martial law
http://articles.latimes.com/2010/may/29 ... a-20100529

P.S. – Iran Now Has Fuel for 2 Nuclear Weapons
http://pajamasmedia.com/claudiarosett/p ... r-weapons/

Report: Israel to deploy nuclear-armed submarines off Iran coast
http://www.haaretz.com/news/diplomacy-d ... t-1.293005

Al-Qaeda Says Top Leader Is Killed, Monitors Report (Update1)
http://www.businessweek.com/news/2010-0 ... ate1-.html

US considering attack on Pakistan
http://www.presstv.ir/detail.aspx?id=12 ... id=3510203

(Flashback) Obama: ‘I will promise you this, that if we have not gotten our troops out by the time I am President, it is the first thing I will do. I will get our troops home. We will bring an end to this war. You can take that to the bank.’
http://www.infiniteunknown.net/2010/05/ ... Unknown%29

Afghanistan, May, 2010
http://www.boston.com/bigpicture/2010/0 ... _2010.html
US to launch covert strikes on terror targets - White House gives green light to clandestine Special Forces missions across Middle East

The US has authorised a sweeping expansion of covert military operations in the Middle East and Africa, aimed at destroying terrorist networks in the region, and preparing the ground ahead of any presidential decision to attack Iran.
http://www.independent.co.uk/news/world ... 82889.html

Could the ‘Eat Right’ movement now become a sham with Big Pharma tampering with Foods and supplements?
http://uswgo.com/could-the-eat-right-mo ... ements.htm

Radioactive fish near Vt. nuke plant deemed common
http://www.google.com/hostednews/ap/art ... gD9G1C1300

'Continuity of Government' Planning: War, Terror and the Supplanting of the U.S. Constitution
http://japanfocus.org/-Peter_Dale-Scott/3362

US Constitution May Be Suspended: War, National Emergency and “Continuity of Government”
http://www.roguegovernment.com/US_Const ... 6/Y/M.html

Real threat to U.S. national security may be along northern border
http://narcosphere.narconews.com/notebo ... ern-border

Bank Of International Settlements Warns To Ignore Banker "Doomsday Scenario" Fearmongering And Racketeering
http://www.zerohedge.com/article/bank-i ... -and-racke

The U.S. Economic Collapse Top 20 Countdown
http://theeconomiccollapseblog.com/arch ... -countdown
Commodities' Biggest Drop Since Lehman Seen as Bear Signal

The biggest slump in commodities since Lehman Brothers Holdings Inc. collapsed is undermining Wall Street forecasts for accelerating economic growth and higher prices for everything from copper to crude oil.

The Journal of Commerce Industrial Price Commodity Smoothed Price Index that tracks the growth rate of steel, cattle hides, tallow and burlap plunged 57 percent in May, two years after a decline that foreshadowed the worst recession in half a century. The index of 18 industrial materials declined the most since October 2008 as Europe’s debt crisis widened and China took steps to curb growth.
http://preview.bloomberg.com/news/2010- ... ahead.html
China Bites Into Commodities Reserves

China appears to be eating into some of its commodities reserves, a potentially worrying near-term trend for commodities producers and investors, analysts said.

The phenomenon could help explain why imports from China in markets such as refined copper, iron ore and lead have declined in the last few months. It also could be a factor behind the recent drop in prices for those commodities.
http://online.wsj.com/article/SB1000142 ... 14354.html

Poll: Debt stresses out Americans
http://www.usatoday.com/news/health/201 ... htm?csp=hf
Friday Bank Closing Report

These five new closed banks add up to 78 banks closed by the FDIC this year.

Sun West Bank, Las Vegas, NV
Granite Community Bank, NA, Granite Bay, CA
Bank of Florida – Tampa Bay, Tampa, FL
Bank of Florida – Southwest, Naples, FL
Bank of Florida – Southeast, Fort Lauderdale, FL
http://dailycapitalist.com/2010/05/28/f ... italist%29

One Out Of Every Ten U.S. Banks Is Now On The FDIC’s Problem List – Do You Know If Your Bank Is Safe?
http://theeconomiccollapseblog.com/arch ... nk-is-safe

Navy’s Drone Death Ray Takes Out Targets at Sea
http://www.wired.com/dangerroom/2010/05 ... z0pcOOeliE

Are Cameras the New Guns? The move to stop recording of police misconduct
http://www.thefreemanonline.org/headlin ... -new-guns/#

Volcanoes erupt in Ecuador, Guatemala
http://www.cbc.ca/world/story/2010/05/2 ... ml?ref=rss

Pacific submarine volcano issues 'big burp'
http://www.cnn.com/2010/WORLD/asiapcf/0 ... tml?hpt=T3

Tropical storm leaves at least 115 dead in Central America
http://www.cnn.com/2010/WORLD/americas/ ... tml?hpt=T1
NEW YORK — Gov. David Paterson was expected to announce Tuesday that he's putting together a plan that would lay off thousands of government workers at the beginning of next year to help balance the state budget.

An administration official told The Associated Press that Paterson would direct state agencies to begin picking positions that could be eliminated starting Jan. 1, a date that marks the expiration of the no-layoffs pledge Paterson gave public employee unions last year in exchange for an agreement to reduce pension costs. It would also be the day Paterson leaves office.

The official spoke on condition of anonymity because the plan hadn't yet been publicly announced. It was first reported Tuesday in The New York Times.

State leaders are facing a $9.2 billion deficit and still haven't completed a budget for the fiscal year that began April 1.
http://www.google.com/hostednews/ap/art ... gD9G2GMJO0
Ill. House OKs borrowing, emergency budget plan

The Illinois House approved a new state budget Tuesday that would borrow billions of dollars, give the governor broad new control over spending and leave a mountain of unpaid bills at the end of the year.
http://www.lasvegassun.com/news/2010/ju ... dget-plan/
It's the first day of June, and you know what that means in Harrisburg - only 30 days until the legislature misses the deadline for approving the state budget.

If that's a cynical assessment, it's also one with ample precedent. The seven previous annual budgets submitted by Gov. Rendell failed to receive the legislature's approval by the legally required deadline of June 30.

Because of persistently low tax collections in the weak economy, this year the state is facing a budget deficit of about $1.3 billion. Only a few months ago, officials were hoping the deficit would be half that much.
http://www.philly.com/inquirer/opinion/ ... z0pcVJXeqa
State jobless claims at record high

Unemployment claims in California hit 768,709 in April, a modern-day record and the highest during this recession, state Employment Development Department officials report.

The number comes after the U.S. Senate went into its Memorial Day recess without acting on a bill that would allow at least the more recently unemployed to continue to get extended jobless benefits.

The Senate is due back June 7. If the bill is not approved, most of the unemployed will lose their benefits after completing their current tier of extended unemployment.

In addition, the latest bill drops the 65% subsidy for COBRA health insurance premiums that the government has been supplementing for the past year.

The latest bill also does nothing for the more than 111,000 Californians who have exhausted their 99 weeks of benefits. Change. com has launched a grass roots campaign for the so-called "99ers" to get additional benefits for those who have now fallen off the unemployment rolls after exhausting their 99 weeks.
http://www.ocregister.com/articles/jobl ... ecord.html

IMF Sells 15.1 Metric Tons Of Gold In April, 152.1 Tons For Sale Remaining As Russia Keeps Waving It In
http://www.zerohedge.com/article/imf-se ... to+zero%29

Robert Prechter's Glimpse Of The Apocalypse To Come
http://www.zerohedge.com/article/robert ... to+zero%29

Canada Raises Interest Rate, First in G-7 After Recession
http://preview.bloomberg.com/news/2010- ... overy.html

Mortgage Rates Could Rise as Borrowing Costs Increase at Euro Banks
http://www.totalmortgage.com/blog/mortg ... banks/3784

Treasury Auction Schedule for the Week of June 1, 2010
http://treasuryauctionwatch.blogspot.co ... of_31.html

Tainted Chinese Drywall Concerns Went Unreported for Two Years
http://www.propublica.org/feature/taint ... -two-years

GM Soy Infant Mortality Rate
http://farmwars.info/?p=3005&utm_source ... rm+Wars%29

SIG Sauer SIG516 (5.56mm) and SIG716 (7.62mm) Short-Stroke Gas Piston/Op-Rod System Tactical AR Rifle/Carbine/SBR Series at SHOT Show 2010 (Photos!)
http://www.defensereview.com/sig-sauer- ... show-2010/

UPDATE:
Turkish Sources - Israeli Advance Target Assassination List Found on Flotilla

Turkish sources and media revealed a document which shows that a death list had been prepared in advance by the Israelis, showing names and pictures of people on board of the ships to be murdered, who, according to Israel, were “involved in the International humanitarian aid for Gaza”. According to the Turkish sources, hundreds of Israeli soldiers stormed the blue Turkish ship “Marmara” flotilla and they had copies of the death list. The list included the names of civilians on the fleet who should be killed”. The document was apparently recovered after one of the Israeli soldiers lost it during the piracy act.
http://redactednews.blogspot.com/2010/0 ... geted.html

Tensions Between Israel and Turkey at Breaking Point
http://oilprice.com/Geo-Politics/Middle ... Point.html

Israel’s Premeditated Murder of Peace Activists Was No Mistake
http://dissidentvoice.org/2010/06/israe ... o-mistake/

Might look up the USS Liberty....or here's a couple links -

http://www.gtr5.com/
http://whatreallyhappened.com/WRHARTICL ... berty.html
http://ussliberty.wordpress.com/

....basically the USS Liberty was a NSA spy boat that witnessed the Israelis massacring 400 Palestinians which James Banford dives into in his autobiography of the NSA called "Body of Secrets" which I recommend as a good read with a good behind the scenes look prior to 1980.....

More Middle-East Escalation: Israeli Planes Under Fire Over Lebanon
http://www.zerohedge.com/article/more-m ... to+zero%29
Secretive and elite – the Bilderberg group, which unites some of the world’s most powerful people, has been meeting behind closed doors for decades. An investigative journalist Daniel Estulin has just revealed to the European Parliament all he claims to have discovered about the ‘Bilderbergers’, and expects the results of his findings to have the ‘effect of an atomic bomb’.
http://deadlinelive.info/2010/06/01/nwo ... ets-to-eu/

Chinese Supercomputer Is Ranked World’s Second-Fastest, Challenging U.S. Dominance
http://www.nytimes.com/2010/06/01/scien ... mpute.html

The American People are Under Occupation - The US Government is Occupied by an Elite Global Force that No Longer has the Interests of the American people. Will Americans Revolt and Take Back the Country?
http://www.veteranstoday.com/2010/06/01 ... ccupation/

This one isn't recent....but one I stumbled across today and found interesting!

Why Soros wants Norm Coleman out of the Senate
http://www.americanthinker.com/2009/01/ ... man_o.html

Contaminated Cocaine Can Cause Flesh to Rot
http://news.yahoo.com/s/hsn/20100601/hl ... fleshtorot

Seems like that one could be a fulfillment of John Taylor's vision of DC....

Tropical Storm Agatha floods kill 150, cause gigantic sinkhole in Guatemala City
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

US military rejects calls to take control of oil spill - The United States military does not have the technology or the know-how to deal with the devastating oil spill, its highest ranking military officer admitted on Monday night.
http://www.telegraph.co.uk/finance/news ... spill.html

Updated Interactive Map of Failed Banks, Includes Failures for May 21 and May 28; Texas Ratios, Capitalization Ratios, etc, for Failed Banks
http://globaleconomicanalysis.blogspot. ... banks.html
The corporate insiders working at our country’s big Tech powerhouses noodled on their own stakes in the companies they run and made a decision in May: time to sell.

The last time Newman checked was back in January 2009.

At that point, there were a grand total of 250 sellers against four buyers, a ratio of 62.5 to 1. There were 47.7 million shares sold and 97,000 shares bought, a ratio of 490-1.

Okay, so what’s it like now?

Worse.

In Newman’s May 10 tally, there were 231 sellers and only three buyers -- a ratio of 77 to 1. Shares sold were 59.8 million versus only 15,200 purchased, a sell-buy ratio of 3933 to 1.

So few shares were purchased, Newman says, that his chart isn’t capable of displaying the buy side.
http://www.minyanville.com/businessmark ... 0/id/28557
Air Sampling Finds a Compound in Toxic Dispersant Is Also in the Air

Faced with limited data [1], we’ve been careful not to attribute a causal relationship between dispersant use and illness in cleanup workers. But McClatchy notes that the dispersants’ toxins may be making its way into the air that workers are breathing. Air sampling data gathered to ensure the safety of cleanup workers has identified a chemical compound in the air that is also in the dispersants BP is applying to the Gulf [2]:

Little-noticed data posted on BP’s website and the Deepwater Horizon site show that 32 air samples taken near workers have indicated the presence of butoxyethanol, a component listed as present in an oil spill dispersant used by BP, known as Corexit. The Environmental Protection Agency considers it toxic.

The BP document said the data demonstrates “that there are no significant exposures occurring.” OSHA is monitoring the data and has said the workers haven’t been exposed to harmful levels.

Here’s what we’ve noted about this compound [3], 2-butoxyethanol:

The exact makeup of the dispersants is kept secret under competitive trade laws, but a worker safety sheet for one product, called Corexit, says it includes 2-butoxyethanol, a compound associated with headaches, vomiting and reproductive problems at high doses.

Last month the EPA ordered BP to switch to a less toxic dispersant. After BP told the EPA that it couldn’t find one in the necessary quantities, the EPA said it would continue working with BP to find a suitable alternative. So far, that has not been accomplished.

In the meantime, cleanup workers have been getting sick. Between the Coast Guard and BP, possible explanations for this sickness have ranged from heat and fatigue [4] to food poisoning [5].

BP has not yet responded to our questions about the status of the dispersant search or about what protective equipment it provides for cleanup workers.
http://www.propublica.org/ion/blog/item ... -air#15166
The Welfare State, Taken to Its Logical Conclusion

Posted by Michael F. Cannon

The economic tragedy unfolding in Greece is the welfare state taken to its logical conclusion. When groups of people use the state to live at the expense of others, the feedback loop about the costs of those transfers is attenuated — often by design. The welfare state therefore makes commitments that it cannot honor. By the time creditors or taxpayers say, “Enough,” the welfare state has created a clash between expectations and means that leads to unrest and hardship — a clash that never had to occur.

Reuters reports that this tragedy is playing itself out in Canada, where the Medicare system is straining the budgets of taxpayers and provincial governments — even as Canada remains infamous for providing inadequate access to care. According to Reuters, the provincial government in populous Ontario predicts that “health care could eat up 70 percent of its budget in 12 years, if all these costs are left unchecked.” Toronto-Dominion Bank senior economist at Derek Burleton remarks:

There’s got to be some change to the status quo…We can’t continually see health spending growing above and beyond the growth rate in the economy because, at some point, it means crowding out of all the other government services. At some stage we’re going to hit a breaking point.

The provinces are contemplating measures that would further reduce access, such as ratcheting government price controls downward, “health taxes” on medical services, and (gasp!) charging patients. (Speaking of feedback loops, an economist at Scotia Capital reasons that patients “will use the services more wisely if they know how much it’s costing…If it’s absolutely free with no information on the cost and the information of an alternative that would be have been more practical, then how can we expect the public to wisely use the service?”)

The Greek and Canadian dramas are a preview of what the welfare state, aided by its most recent expansion, will provoke here in the United States. Again, Reuters:

Canada, fretting over budget strains, wants to prune its system, while the United States, worrying about an army of uninsured, aims to create a state-backed safety net.

Burleton captures the problem nicely:

[F]rom an economist’s standpoint, we point to the fact that sometimes Canadians in the short term may not realize the cost.

Indeed, that’s the very essence of the welfare state, and why its logical outcome is crisis.

http://www.cato-at-liberty.org/2010/06/ ... Liberty%29

Killer Earthquakes, Rats, Frogs, Plagues And Exploding Volcanoes? Is Somebody Trying To Tell Us Something?
http://thisistheendoftheworldasweknowit ... -something

BP's Photo Blockade of the Gulf Oil Spill - Photographers say BP and government officials are preventing them from documenting the impact of the Deepwater Horizon disaster.
http://www.newsweek.com/2010/05/26/the- ... hotos.html

Oil Leak or Oil Volcano?
http://logisticsmonster.com/2010/06/01/ ... l-volcano/

10 Of The Most Disturbing Facts About The Gulf Of Mexico Oil Spill
http://thefinalhour.blogspot.com/2010/0 ... -gulf.html

Banks Seek $10 Billion of Bids in Effort to Sell Bad Mortgages
http://www.bankreorealestate.com/reo-ne ... gages.html

Survey Finds Nearly Half of Americans Can't Afford Large Down Payments on Mortgages
http://www.housingwire.com/2010/06/01/s ... -mortgages

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

WW II : RARE COLOR FILM : AIRCRAFT CARRIER IN THE PACIFIC
http://www.youtube.com/watch_popup?v=9dR3h2HdnBQ
“The bank wouldn’t help…They’re all crooks.” – Florida squatter, NYT The New York Times has a revealing article out that describes the squatter “revolution.” The squatters in the story freely admit to enjoying the good life in lieu of paying on mortgages.
Effort to contain Gulf oil stalls with stuck saw
http://finance.yahoo.com/news/Effort-to ... et=&ccode=

Coast Guard says saw is stuck in pipe
http://rawstory.com/rs/2010/0602/live-v ... tuck-pipe/

BP oil spill could make Gulf hurricane season 'devastating'
http://news.yahoo.com/s/csm/305256

Worst case: BP leak could last until Christmas
http://rawstory.com/rs/2010/0602/worst- ... christmas/
The Coast Guard, for its part, said Tuesday that oil was reported reaching Mississippi and Alabama shorelines. That came after officials widened the region under surveillance to include those states and expanded the no-fishing area to include parts of Florida and Alabama.

Red-brown oil was found on Alabama's Dauphin Island on Tuesday, and local officials closed fishing and posted signs warning against swimming as a precaution.

The Mobile Press-Register said one of its reporters had seen a slick in the Mississippi Sound some three to four miles south of Pascagoula, Miss.

Mississippi Gov. Haley Barbour said oil had reached Petit Bois Island. The strand of oil was just three-feet-wide but two miles long, he added.

"This is the first significant amount of oil residue to hit Mississippi," he said. "While it’s the first, it probably won’t be the last."

Federal officials on Tuesday also expanded the no-fishing area to 75,920 square miles, or 31 percent of all federal waters in the Gulf. That was a five percentage point increase over Monday.

Federal forecasters on Monday had warned that oil could wash ashore in Mississippi and Alabama by Wednesday.

Alabama's Mobile Bay could be covered by a light sheen by Wednesday morning, and then hit Baldwin County shores by noon, forecasters said.
http://www.msnbc.msn.com/id/37444105/ns/gulf_oil_spill/
Bold and Underline mine

Chinese hiding three million babies a year - As many as three million Chinese babies are hidden by their parents every year in order to get around the country’s one-child policy, a researcher has discovered.
http://www.telegraph.co.uk/news/worldne ... -year.html

Posted this before.....but its funny & true....worth a 2nd laugh & tears IMO....

Clarke and Dawes ask the million dollar questions ABC News Australian Broadcasting Corporation
http://www.youtube.com/watch?v=thSTpGnW ... r_embedded
Iran haze contains depleted uranium

Editor’s note: The U.S. government says the danger of depleted uranium is a conspiracy theory.

An Iranian lawmaker says the haze that arrives in Iran from Iraq is polluted with depleted uranium due to the U.S. military’s use of the prohibited weapon in the neighboring country.

MP Mohammad-Mehdi Shahriari called for urgent measures to prevent the diffusion of the Iraqi haze over Iran.
http://www.infowars.com/iran-haze-conta ... d-uranium/

From the 1953 CIA Overthrow of Democracy in Iran, to the Iraq War, to the Criminal Gulf Catastrophe and Deaths, BP Was There
http://www.globalresearch.ca/index.php? ... leId=19484
Iran 'restricting euro transactions'

s the stagnant European economy weighs heavily on the euro forcing it into a downward spiral, the Central Bank of Iran (CBI) unveils a major plan for converting 45 billion of its euro reserves into dollar and gold ingots.

http://www.presstv.ir/detail.aspx?id=12 ... =351020102

IAEA: Iran is expanding atom work, bomb fear remains - Iran has added a second set of centrifuges -- nuclear enrichment machines -- for refining uranium to 20 percent purity, but they are not yet operational.
http://www.haaretz.com/news/diplomacy-d ... bled=false

Syria conducted nuclear experiments: IAEA document
http://www.breitbart.com/article.php?id ... _article=1

Canadian and American Cops Run Training Exercise on New Hampshire Campus
http://www.infowars.com/canadian-and-am ... re-campus/

Inside Story: A look into the aid flotilla attack by Israel
http://www.youtube.com/watch?v=Cyn0-VB5iFI

Israeli Raid On Gaza Flotilla (Video News Playlist)
http://www.youtube.com/view_play_list?p ... 38FB20C655

Terror on Aid Ship: "Plan Was to Kill Activists and Deter Future Convoys"
http://www.globalresearch.ca/index.php? ... leId=19483

All Israeli Flights to Turkey Canceled
http://www.themedialine.org/news/news_d ... wsID=29004

Israeli ambassador calls raid ‘responsible,’ likens to US attacks in World War II
http://rawstory.com/rs/2010/0602/israel ... le-humane/

Time to boycott all Israeli goods (barcodes starting with 729)
http://deadlinelive.info/2010/06/02/tim ... -with-729/

Fears of new flashpoint as defiant Israel prepares for showdown with two more Gaza aid ships
http://www.dailymail.co.uk/news/worldne ... z0piAYkJYQ

DON'T TREAD ON ME (Full Movie Playlist)
http://www.youtube.com/view_play_list?p ... 7E2AAF1B2C
(NaturalNews) Municipalities all across America are currently dripping fluoride chemicals into their public water supply, dosing over a hundred million Americans with a chemical that they claim "prevents cavities."

What's interesting here is that this biological effect of "preventing cavities" is a medical claim, according to the FDA. And as such, making this claim instantly and automatically transforms fluoride into a "drug" under currently FDA regulations.

This means that cities and towns all across America are now practicing medicine without a license by dripping liquid medication into the public water supply without the consent of those who are swallowing the medication.

If you or I did this, we would be arrested and tried as either terrorists (because contaminating the water supply is an act of terrorism) or felons practicing medicine without a license. So what allows cities and towns to get away with these very same crimes?
http://www.naturalnews.com/028913_fluor ... icals.html

CODEX SERVES UP A HEARTY HELPING OF MELAMINE
http://www.newswithviews.com/Tips/scott107.htm

US House votes quadrupling of per-barrel oil tax
http://rawstory.com/news/afp/US_House_v ... 82010.html

And The Housing Fraud Continues
http://market-ticker.denninger.net/arch ... inues.html
(NaturalNews) The Obama administration's Department of Agriculture (USDA) is attempting to downplay the risks of genetically modified alfalfa, a crop previously banned by numerous federal courts.

In 2007, a federal court rejected the Bush USDA's approval of alfalfa plants genetically engineered for resistance to the Monsanto herbicide Roundup. The court ruled that the USDA had not properly considered the risks posed by the crop. These risks included the possibility that the genetically modified (GM) crops could swap genetic material with related species, thus contaminating neighboring fields or producing non-agricultural "super weeds."

Monsanto continues to appeal the decision, even though the Ninth Circuit Court of Appeals has ruled against it twice. The case is now pending consideration by the Supreme Court.

Alfalfa is the first perennial crop to be genetically modified. Because it does not die after a year but can regenerate itself from even its roots, the risk of genetic contamination is higher than even that from GM annual crops, which have already been documented to spread beyond the fields they are planted in.

"Widespread [GM] contamination of organic alfalfa is inevitable if the Obama Administration successfully distorts science and ignores public opinion and allows Monsanto's GM Roundup Ready alfalfa to be planted across the U.S.," said Ronnie Cummins of the Organic Consumers Association.

After Obama appointed former Monsanto executive Tom Vilsack to head the USDA, the agency released a new draft environmental impact statement (EIS) that continues to play down these risks.

Yet even the Monsanto-friendly EIS acknowledges that "acute toxicity ... was observed" in mice that consumed GM alfalfa. It also admits that residues of Roundup (glyphosate) herbicide are toxic.

"Based on upper estimates of exposure ... infants consuming fruit and all age groups consuming vegetables may be at risk of adverse effects associated with acute exposure to glyphosate residues," the statement reads.
http://www.naturalnews.com/028911_USDA_GM_crops.html
El Centro, California has the highest unemployment rate in the country, according to a Bureau of Labor Statistics report out today. The city sustained an unemployment rate of 27.9 percent for the month of April. Yuma, Arizona had the second-highest unemployment rate, with 24.4 percent of residents out of work. The West has been particularly hard hit by the recession: 11 of 14 areas with unemployment rates topping 15 percent are in California.
http://www.areadevelopment.com/newsItem ... 7767.shtml
According to the California Employment Development Department, five of California's 58 counties had unemployment rates above 20 percent in April; 19 counties had unemployment rates above 15 percent. Only seven counties had rates below 10 percent – and just barely.

The highest unemployment rate was in Imperial County, where nearly one in three eligible workers was out of a job.
http://www.ocregister.com/opinion/arizo ... state.html
Owners Stop Paying Mortgages, and Stop Fretting

ST. PETERSBURG, Fla. — For Alex Pemberton and Susan Reboyras, foreclosure is becoming a way of life — something they did not want but are in no hurry to get out of.

Foreclosure has allowed them to stabilize the family business. Go to Outback occasionally for a steak. Take their gas-guzzling airboat out for the weekend. Visit the Hard Rock Casino.

“Instead of the house dragging us down, it’s become a life raft,” said Mr. Pemberton, who stopped paying the mortgage on their house here last summer. “It’s really been a blessing.”

http://www.nytimes.com/2010/06/01/busin ... ay.html?hp

Spanish Bank Asks for $3 Billion from Rescue Fund
http://www.cnbc.com//id/37443162

Fears Rise in Europe Over Potential Deflation
http://www.cnbc.com//id/37434834

Warning Signs Of Full Spectrum Collapse Are Everywhere
http://neithercorp.us/npress/?p=512

MBA: Mortgage Purchase Applications lowest level since April 1997
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
June 2 (Bloomberg) -- The market for corporate bond sales closed as concern European banks will take more writedowns and losses led investors to shun all but the safest government debt.

No companies issued bonds in the U.S. yesterday, compared with $2.2 billion on the corresponding day following the Memorial Day weekend in 2009, according to data compiled by Bloomberg. In Europe, 1.35 billion euros ($1.66 billion) was raised from two sales of covered bonds, versus 6.5 billion euros a year earlier, Bloomberg data show.

The global new issue market failed to revive after declining to $70 billion last month, less than half of April’s tally and the least since August 2003, Bloomberg data show.
http://www.bloomberg.com/apps/news?pid= ... eVxU&pos=3
Fannie Mae: Serious Delinquencies decline in March

Fannie Mae reported today that the rate of serious delinquencies - at least 90 days behind - for conventional loans in its single-family guarantee business decreased to 5.47% in March, down from 5.59% in February - and up from 3.13% in March 2009.

"Includes seriously delinquent conventional single-family loans as a percent of the total number of conventional single-family loans."

This is the first decline since early 2006 and could be because Fannie (and Freddie and the FHA) are moving ahead with foreclosures.

As noted last month, the combined REO (Real Estate Owned) inventory for Fannie, Freddie and the FHA increased by 22% in Q1 2010 from Q4 2009. The REO inventory (foreclosed homes) increased 59% compared to Q1 2009 (year-over-year comparison).
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29
It is a stunning fact that today there is more mortgage debt than actual equity in residential real estate. In fact, we didn’t cross this point until 2006. For over 50 years this had never happened. American homeowners actually had more equity than debt. Even during the massive housing bubble from 2000 to 2007 the mortgage equity withdrawal machine allowed Americans to tap into their homes and treat them as some sort of makeshift ATM. The above chart clearly shows this trend.

Here is some interesting data on California:

Owner-occupied: 6.9 million

Homes with a mortgage: 5.2 million

Underwater homes: 1.768 (million) – 34% negative equity

Renter-occupied: 5.2 million

California is a big renter state. What many are finding out is that owning a home with no equity is worse than renting. 34% of California mortgage holders are in this position. I actually see this position below renting because you have little power of mobility. You can’t sell unless you come with money to the table or strategically default. If you rent, you stay for your lease and then move. Many are waking up to the mobility provided by leasing.
http://www.doctorhousingbubble.com/emer ... e+SoCal%29
Subprime Goes to College; Students Buried in Debt; Who is to Blame?

Students fresh out of college, six-figures deep in debt, face decades of debt slavery. Both parents and students are wondering what went wrong.
http://globaleconomicanalysis.blogspot. ... nalysis%29

Top 5 Monsters Eating the Global Economy
http://wallstcheatsheet.com/breaking-ne ... t+Sheet%29

Commodities’ Biggest Drop Since Lehman Is Bear Signal (Update4)
http://www.bloomberg.com/apps/news?pid= ... xw0&pos=11
Dow CEO Says ‘Stop Panicking,’ Demand Is Improving (Update3)

June 2 (Bloomberg) -- Dow Chemical Co., the world’s second- largest chemical maker, said financial markets shouldn’t panic over the European debt crisis or Chinese growth because company sales indicate consumer demand is improving in both regions.

April sales topped the monthly average in the first quarter, and May probably beat April, Chief Executive Officer Andrew Liveris said today in a webcast from New York. June order books show the gains are continuing, he said. Emerging markets are leading the recovery, and demand in Europe and North America is improving, Liveris said.

“When I come to Wall Street, I feel like the sky is falling. When I go back to Main Street, everything is fine, folks. Stop panicking,” Liveris told investors gathered at the Goldman Sachs Basic Materials Conference. “Demand is good.”
http://www.bloomberg.com/apps/news?pid= ... vpNpls2yYM

LIAR.....
Pay 'declining' amid more vacancies

Demand for workers has increased slightly, but pay rates are falling, according to a new report.

A study by employment firm Reed showed a 1% rise in job vacancies in May, with a 3% cut in wage rates.
http://money.uk.msn.com/news/articles.a ... =153605598

ES Volume 30% Below Average, Market Surges, As ES-EURJPY Spreads Collapses
http://www.zerohedge.com/article/es-vol ... -collapses

4 Week Bill Auction Closes At 0.13%, Surge In Indirect Bidders As Primary Dealer Take Down Plunges
http://www.zerohedge.com/article/4-week ... wn-plunges

US Mint Runs Out Of Silver
http://www.zerohedge.com/article/us-min ... out-silver

ECB Deposit Facility Usage Hits Record As European Bank Liquidity Conditions Continue Deteriorating
http://www.zerohedge.com/article/ecb-de ... -deteriora

BP Disaster Sinks British Pensions
http://www.zerohedge.com/article/bp-dis ... h-pensions
What’s Going on with Obama and the Military?

There is a real internal fight shaping up that I suspect is going to fester into a significant wound to Barack Obama’s Presidency.

The Joint Chiefs of Staff are in open and public rebellion against the Chairman of the Joint Chiefs over Don’t Ask Don’t Tell. Most troubling, the Obama administration neither consulted nor advices the Chiefs before rushing off the congress with the proposal to lift DADT.

Adm. Mullen approved a White House deal for Congress to go ahead with a vote on repeal of the law barring openly gay members from the military, rather than waiting for completion in December of a Pentagon study that is seeking the views of troops. Adm. Mullen’s move brought an instant rebuttal from the four chiefs in the form of letters to Congress urging lawmakers not to hold the vote.

In fact, the service chiefs did not see the Pentagon-White House-congressional deal to rush a vote until after the administration announced it May 24, Pentagon officials said.

Remember how leakers from the CIA did their best to undermine George Bush? When this starts happening with reckless abandon from the Pentagon, Obama will be in serious trouble.

The public already suspects the man is weak. Our enemies know he is weak. The man clearly holds the military in contempt, but the public hasn’t paid attention to the issue. It’s one thing to ignore the Gulf Coast states. They aren’t going to vote for him anyway. Military issues are swing state issues.

In a very short time we will see the military bureaucracy go to war with Obama on the battlefield of public opinion.

And he will lose.
http://www.redstate.com/erick/2010/06/0 ... -military/

Ruger SR40 coming?
http://gunnuts.net/2010/06/01/ruger-sr40-coming/

Bushmaster A-TACS M4
http://www.thefirearmblog.com/blog/2010 ... rm+Blog%29

UPDATE:

Moody's Muddier Outlook On Financials: Soon To Be Ex-NRSRO Sees "Significant Strain On U.S. Financial System"
http://www.zerohedge.com/article/moodys ... ncial-syst

US Mint Out Of Not Only Silver But Gold American Eagles As Well
http://www.zerohedge.com/article/us-min ... agles-well
PHILADELPHIA (Reuters Life!) – The Upper Delaware River in New York State, the source of drinking water for 17 million people, is the most endangered river in the United States, according to a new report.

It is one of 10 rivers on a list, compiled by U.S. environmental group American Rivers, which are threatened due to causes such as natural gas drilling, mining and poor flood management.

The Upper Delaware topped the list because of the threat of contamination from chemicals used in gas drilling in New York and on the Pennsylvania side of the watershed.

Gas drilling was also the reason why the Monongahela River in western Pennsylvania was rated ninth on the list.

Others endangered rivers include the Gauley River in West Virginia, which came in third and is threatened by mountain-top mining, and the Upper Colorado River, which is sixth and has been diminished by water diversions. The report said it could become "a shadow of its former self" if two new diversion projects proceed.
http://news.yahoo.com/s/nm/20100602/lf_ ... endangered

I Paid $100,000, and All I Got Was This Lousy Degree
http://reason.com/blog/2010/06/02/i-pai ... l-i-got-wa

Blagojevich Corruption Trial May Touch Obama
http://deadlinelive.info/2010/06/02/bla ... uch-obama/

Obama calls for rollback of big oil tax breaks
http://rawstory.com/rs/2010/0602/obama- ... ax-breaks/

Soldier in Iraq Loses Home Over $800 Debt
http://www.veteranstoday.com/2010/06/02 ... -800-debt/

New Law Will Require a License to be a Journalist
http://blacklistednews.com/?news_id=9031

Former CIA Officer’s Giraldi & McGovern: Israel Controls U.S. Government & Media
http://mycatbirdseat.com/2010/06/former ... ent-media/

Official: US Will Stand with Israel
http://blogs.abcnews.com/politicalpunch ... srael.html

UN Secretary General to Israel: ‘End the blockade’
http://rawstory.com/rs/2010/0602/secret ... -blockade/

Report: BofA acknowledges "foreclosure can be very appealing to customers"
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Into the Abyss: The Cycle of Debt Deflation
http://beforeitsnews.com/story/71/318/I ... ation.html

China's Wen reveals fears of any Korea conflict spreading
http://in.reuters.com/article/idINIndia-48987720100602

Damage that Could Last for Decades
http://usawatchdog.com/damage-that-coul ... r-decades/

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

BP, Prior to Gulf Accident, Said Measuring Oil Flow Was “Critical” to Effective Response
http://www.propublica.org/ion/blog/item ... ical#15179

Gulf spill workers complaining of flulike symptoms
http://news.yahoo.com/s/ap/us_oil_spill_workers_health

Fisherman's wife breaks the silence
http://www.cnn.com/2010/HEALTH/06/03/gu ... tml?hpt=C1

BP cuts pipe, plans to lower cap over Gulf spill
http://www.veteranstoday.com/2010/06/03 ... ulf-spill/

BP clashes with scientists over deep sea oil pollution
http://www.guardian.co.uk/environment/2 ... -pollution

An unprecedented combo of oil & outlooks
http://www.weather.com/blog/weather/8_2 ... m=blog_rss

Hurricane Season Begins – 2010
http://modernsurvivalblog.com/weather-p ... valBlog%29

Morning Bell: Obama and the Oil Spill
http://blog.heritage.org/2010/06/03/mor ... oil-spill/

Concerns over another BP oil rig in the Gulf - BP Atlantis a bigger disaster in the making
http://amfix.blogs.cnn.com/2010/06/02/c ... -the-gulf/

(U//LES) El Paso Intelligece Center: Blue Methamphetamine Report
http://info.publicintelligence.net/EPICBlueMeth.pdf

Dissent at the CIA: Officers protest ‘harmful’ drone strikes
http://rawstory.com/rs/2010/0603/dissen ... e-strikes/

The Back Art Of ‘Master Illusions’
http://blacklistednews.com/?news_id=9046

Israel rejects international investigation of raid
http://rawstory.com/rs/2010/0603/israel ... tion-raid/

Report: All aid flotilla victims shot dead
http://rawstory.com/rs/2010/0603/report ... shot-dead/

Press TV journalist on-board Gaza Flotilla describes ordeal
http://www.federaljack.com/?p=15821

UN chief urges Israel to lift Gaza blockade
http://www.google.com/hostednews/afp/ar ... 4vqxm3Jz_Q

Biden: Israel right to stop Gaza flotilla from breaking blockade
http://www.haaretz.com/news/diplomacy-d ... e-1.293833

Israeli Murders, NATO and Afghanistan
http://www.globalresearch.ca/index.php? ... leId=19513
Worldwide annual military budget rose 5.9% in real terms according to Stockholm International Peace Research Institute

Last year, $1.5 trillion (£1tn)was spent on weapons, an annual increase in real terms of 5.9%, according to the latest report by Sipri, the Stockholm International Peace Research Institute.

The US accounted for more than half of the total increase, though arms spending increased fastest in Asian countries, with China raising its military expenditure most, followed by India. Global spending has risen by nearly 50% over the past decade, said Sipri.
http://www.guardian.co.uk/world/2010/ju ... -recession

....can't expect it all to sit in a deserted warehouse in the middle of nowhere either....

Obama's 'Chicago Way' Plunders the Private Sector
http://www.humanevents.com/article.php?id=37315

Still seeking an explanation for Obama's SSN 042-68-4425
http://www.sonorannews.com/archives/201 ... maSSN.html

Bill Clinton May Never Release Kagan Files
http://www.judicialwatch.org/blog/2010/ ... agan-files

Gun Control: The Ultimate Human Rights Violation
http://www.humanevents.com/article.php?id=37303

City Assures Illegal Aliens' Safety
http://www.judicialwatch.org/blog/2010/ ... ens-safety

German President Horst Köhler announced his surprise resignation on Monday after appearing to suggest the country's unpopular Afghanistan mission was partly motivated by commercial interests.
http://www.thelocal.de/national/20100531-27547.html

EU plans green taxes to cut debt
http://www.telegraph.co.uk/finance/news ... -debt.html

Euro Decoupling, Inverse Style
http://www.zerohedge.com/article/euro-d ... to+zero%29

Forint Slide Accelerates As Hungarian Default Risk Now 14 Wider To 277bps
http://www.zerohedge.com/article/hungar ... der-277bps

Foreign banks find fortune in crisis
http://www.politico.com/news/stories/0510/37976.html

Chinese "Miracle"? No - Just A Scam
http://market-ticker.denninger.net/arch ... -Scam.html

When Insiders Expose the Ugly Side of the Entertainment Industry
http://vigilantcitizen.com/?p=3925

Lieberman Bill Gives Feds ‘Emergency’ Powers to Secure Civilian Nets
http://www.blacklistednews.com/news-9049-0-22-22--.html

FTR #708 Going Deep with Daniel Hopsicker
http://spitfirelist.com/for-the-record/ ... cord%27%29

Secretive Bilderberg Club ready for protests
http://www.timesonline.co.uk/tol/news/w ... 142478.ece
June 3 (Bloomberg) -- U.S. states reduced spending for a second consecutive year as the worst U.S. recession since the 1930s cut tax revenue, a survey by two associations found.

Governors may struggle to raise spending in fiscal 2011, which begins July 1 for 46 states, as they close deficits without the aid of federal stimulus money that runs out this year, the report by the National Governors Association and National Association of State Budget Officers said.

States will have dealt with $296.6 billion of budget deficits from fiscal 2009 to 2012, covered in part by $135 billion of federal money received under stimulus legislation, according to the groups. Governors still face $127.4 billion of deficits for the rest of fiscal 2010, 2011 and 2012.

“The federal government has helped states avoid even more significant cuts to state services and/or proposed tax increases,” said the report, which the Washington-based associations publish twice a year based on a survey. “The loss of these funds combined with the anticipated slow recovery of state revenues is expected to result in the continuation of difficult state fiscal conditions.”

Warren Buffett, whose Berkshire Hathaway Inc. has been paring its municipal bond portfolio, yesterday predicted a “terrible problem” for the debt of state and local government in coming years. Berkshire has cut its municipal holdings to less than $3.9 billion as of March 31, from more than $4.7 billion at the end of 2008.
http://www.businessweek.com/news/2010-0 ... venue.html

(Reuters) - Eleven of the 14 U.S. metropolitan areas with a jobless rate of at least 15 percent in April were in California, the Labor Department said on Wednesday, in another sign that economic recovery is coming slowly to the Golden State.
http://www.reuters.com/article/idUSTRE6 ... mesticNews
Schakett noted that the foreclosure process is currently taking 13 to 14 months ...

For many the timeframe is apparently much longer. On Monday David Streitfeld wrote in the NY Times: Owners Stop Paying Mortgages, and Stop Fretting

The average borrower in foreclosure has been delinquent for 438 days before actually being evicted, up from 251 days in January 2008, according to LPS Applied Analytics.
...
More than 650,000 households had not paid in 18 months, LPS calculated earlier this year. With 19 percent of those homes, the lender had not even begun to take action to repossess the property ...

These long foreclosure time lines can have a significant adverse impact on housing.
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Housing Bust and Labor Immobility
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Labor Productivity And Costs
http://market-ticker.org/archives/2368- ... Blech.html

The recession has dampened demand for electricity, especially from industrial customers. Electricity demand fell for the past two years, the first time that has happened since 1949.
http://globaleconomicanalysis.blogspot. ... nalysis%29

Extended Unemployment: Initial, Continued and Extended Unemployment Claims June 03 2010
http://paper-money.blogspot.com/2010/06 ... inued.html

3Recessions Update
http://maxedoutmama.blogspot.com/2010/0 ... pdate.html

What Will Drive Manufacturing?
http://dailycapitalist.com/2010/06/02/w ... italist%29

Median Unemployment by State
http://www.ritholtz.com/blog/2010/06/me ... Picture%29
Over the past two years, a concerted effort by the Federal Reserve and other policymakers has helped to stabilize our financial system and our economy. Following a sharp contraction in late 2008 and early 2009, we are now in the fourth quarter of economic expansion, with jobs once more being created rather than destroyed. Nonetheless, important concerns remain. One particularly difficult issue is the continued high rate of unemployment. High unemployment imposes heavy costs on workers and their families, as well as on our society as a whole. I raise this issue here because healthy small businesses, including start-ups as well as going concerns, are crucial to creating jobs and improving employment security.

Unfortunately, lending to small businesses has been declining. Indeed, outstanding loans to small businesses dropped from almost $700 billion in the second quarter of 2008 to approximately $660 billion in the first quarter of 2010.1 An important but difficult-to-answer question is how much of this reduction has been driven by weaker demand for loans from small businesses and how much by restricted credit availability.
http://federalreserve.gov/newsevents/sp ... 00603a.htm

Upcoming Treasury Auctions
http://treasurydirect.gov/RI/OFAnnce

U.S. debt soars to 90% of GDP
http://www.wnd.com/index.php?fa=PAGE.view&pageId=160649

New York state delayed paying $2.5 billion of bills as a short-term way of staying solvent but its cash crunch could get even worse in August and September, Budget Director Robert Megna said on Tuesday.
http://www.cnbc.com//id/37463314

Half a Dozen States Delay Tax Refunds
http://www.nytimes.com/2010/06/02/us/02 ... ss&emc=rss

50 Statistics About The U.S. Economy That Are Almost Too Crazy To Believe
http://endoftheamericandream.com/archiv ... to-believe

Petroleum Inventory Report 06-03-10
http://energy-invest.blogspot.com/2010/ ... 03-10.html

The Fallacy of Gold Backed Money
http://www.scribd.com/doc/24700466/The- ... cked-Money

The Global Wheat Situation
http://nogger-noggersblog.blogspot.com/ ... ation.html

Survival Sanitation - Part One - Taking Out the Trash
http://stealthsurvival.blogspot.com/201 ... g-out.html

Mobile phones responsible for disappearance of honey bee
http://www.telegraph.co.uk/earth/wildli ... y-bee.html

Alaska volcano shows signs of unrest
http://newsminer.com/view/full_story/77 ... ft_bullets

Mexico opens California office to provide ID for illegals
http://www.washingtonexaminer.com/polit ... z0poC1ah67

Pakistan strike an option if next attack on U.S. succeeds, paper told
http://www.theprovince.com/news/Pakista ... z0poC7YDdK

U.S. to Join South Korean Military Exercise Off North Korea Coast
http://abcnews.go.com/Politics/Media/us ... d=10807101

Korean war "may break out at any moment": North Korea
http://www.channelnewsasia.com/stories/ ... 01/1/.html

North Korea warns that war could erupt soon
http://www.alertnet.org/thenews/newsdesk/LDE6521K8.htm

MAP OF THE DAY: How North Korean Artillery Could Level Seoul In Two Hours
http://www.businessinsider.com/map-of-t ... z0poFrUdxJ

WikiLeaks Was Launched With Documents Intercepted From Tor
http://www.wired.com/threatlevel/2010/0 ... z0poCZDQEU
State poised to OK supertoxic pesticide

Farmers planting strawberries and other crops in California will soon have to contend with cancer-causing poison instead of bugs, worms and fungus if regulators get their wish.

The California Department of Pesticide Regulation has proposed registering methyl iodide as a pesticide in California to the dismay of scientists and environmental groups, who say it is so toxic that even chemists are reluctant to handle it.

The chemical will become legal for growers to use after a 60-day comment period ending June 29 unless there is some kind of public outcry.

"This is one of the most egregious pesticides out there," said Sarah Aird, the state field organizer for Californians for Pesticide Reform, a coalition of watchdog groups opposed to the use of potentially harmful chemicals. "It is really, really toxic. It is actually used in the laboratory to induce cancer cells."

Methyl iodide was approved by the U.S. Environmental Protection Agency in 2007 for use as a fumigant over the protests of more than two dozen California legislators and 54 scientists, including five Nobel laureates, who signed a letter opposing registration of the chemical.

Methyl iodide is now licensed for use in 47 states, but it is expensive and used only sparingly in Florida and the Carolinas, mostly on strawberries and occasionally on tomatoes and peppers. Eleven states have used it at least once, according to researchers. No problems have been documented, but very few studies have been conducted, Aird and others said.

California is considered a key battleground in the fight against methyl iodide because agriculture is a major part of the economy. The substance, produced by Arysta LifeScience Corp., is used primarily to prepare strawberry fields for planting because that fruit is particularly susceptible to soil-borne pests.

The stuff is normally mixed into the dirt and covered with tarps. It kills weed seeds, insects, microscopic worms, bacteria and fungal diseases that infect plant roots.

"Fumigants, including methyl iodide, sterilize soil prior to planting," said Lea Brooks, spokeswoman for the Department of Pesticide Regulation. "It is injected into soil. It is not applied onto plants or fruit."
http://www.sfgate.com/cgi-bin/article.c ... 1DG7KH.DTL

Obama's USDA to deceive Americans over GM crops
http://www.naturalnews.com/028911_USDA_GM_crops.html

Phoenix-area hospitals fight highly toxic 'supergerm'
http://www.azcentral.com/news/articles/ ... rgerm.html

Lancer Systems Introduces L15 “Configurable” AR (AR-15) Lower Receiver with Modular Magwell
http://www.defensereview.com/lancer-sys ... r-magwell/

M4 Grip Pod Popular in the Field
http://kitup.military.com/2010/06/m4-gr ... field.html

Taurus Introduces the New Judge Public Defender Ultra-Lite
http://www.downrange.tv/blog/?p=3656

UPDATE:

The Equity Markets Are Ignoring Screams of FUD (Fear, Uncertainty and Doubt) in the European Money and Credit Markets: Enter Lehman Fiasco v2.0!!!
http://www.zerohedge.com/article/equity ... and-credit

Hoenig Says Fed Should Raise Rate To 1% By End Of Summer
http://www.zerohedge.com/article/hoenig ... end-summer

Failed Bond Auction Bug Goes Viral: Romania Rejects All Bids In 600 Million Lei Auction
http://www.zerohedge.com/article/failed ... ei-auction

UPDATE 2:
Gulf of Mexico - Time To Get Serious About Routine Satellite Monitoring
The ongoing Deepwater Horizon oil spill has provided a rare scientific opportunity: for the first time, multiple satellite remote-sensing systems, from visible to infrared to radar, are providing daily images of a large area in the Gulf of Mexico. This systematic imaging is proving useful for measuring the size and location of oil slicks and sheen, and for estimating the rate of leakage from BP's failed Macondo well.

It's also demonstrating another important ability -- here at SkyTruth we think we've discovered a small but possibly chronic leak from an oil platform located a few miles off the Mississippi Delta, unrelated to but not far from BP's leaking well:

We first mentioned this back on May 15. According to GIS data from the Minerals Management Service showing the locations of all fixed oil and gas platforms in the Gulf, the platform that appears to be leaking is identified by Complex ID # 23051. You can look up more info at the MMS website. According to MMS this platform was installed in 1984, and it is manned 24/7 (most platforms in the Gulf are unmanned). The sequence of satellite images above shows what appears to be a small oily slick emanating from the platform location on multiple dates, captured by several different satellite imaging systems. We've observed the slick on Envisat MERIS and ASAR images taken on April 25 and 26, and May 12, 18 and 31; on RADARSAT images taken May 8 and 11; and on COSMO-SkyMed images taken May 11, 14 and 15. (Pet Peeve Alert: These are all foreign satellites, operated by Germany, Italy, Canada. Radar imagery is the go-to tool for detecting and monitoring oil slicks, yet the U.S. does not operate a single civilian radar satellite. Instead, we've been buying radar images of this disaster from other nations. This is nuts.)

On May 27 a scientist from the University of West Florida was flying over the Gulf to investigate the BP oil spill, and noticed an obvious discharge plume coming from a rig - here is one of the pictures she took during that flight:
http://blog.skytruth.org/2010/06/gulf-o ... kyTruth%29

US citizen killed on flotilla was reportedly shot four times in head
http://rawstory.com/rs/2010/0603/citize ... imes-head/

Ron Paul : U.S. Shouldn't Support Israel's Gaza Blockade!
http://www.youtube.com/watch?v=TLp1GmEY ... r_embedded

A Plague Upon The World: The USA is a “Failed State”
http://www.infowars.com/a-plague-upon-t ... led-state/

North Korean envoy warns war could erupt soon
http://news.yahoo.com/s/nm/20100603/ts_ ... _north_war

The New Gulf of Tonkin: South Korean Torpedo Sunk ROK Warship
http://www.nowpublic.com/world/new-gulf ... ok-warship

Agenda 21 Alert: Science and Sewage
http://www.morphcity.com/home/63-science-and-sewage

Bill Gates Admits Vaccines are for Depopulation. On Stage!
http://www.youtube.com/watch?v=ZRjEIZd2 ... r_embedded

Bilderberg 2010: Plutocracy with palm trees
http://www.guardian.co.uk/world/blog/20 ... berg-spain

Liberal Groups Want FCC to Police Talk Radio, Cable News
http://www.newsmax.com/InsideCover/libe ... /id/360849

Census Hiring to Spike Job Figures in May
http://biggovernment.com/publius/2010/0 ... ernment%29
Capturing my fancy today is a story in the New York Times about the idea to drop a nuclear bomb into the Gulf and seal the leak by melting the ruptured pipe and rock on the seafloor, presumably plugging the leak. Now, I’m neither a scientist nor an expert in the impact of underwater nuclear explosions, but I'm a big fan of both the deeply strange and the absurd. Nuking the Gulf to plug the leak is both.

I haven’t got the foggiest idea if dropping a nuke on the leak would work but the potential solutions seem more and more like something thought up during a vodka bender. Which may explain why the precedent for the bombing idea is the rumored success the Russians had using the technique. Questions such as “Would this cause a radioactive tsunami, make any Gulf storm hitting the shoreline a regional Armageddon, kill every living creature in a 100-mile radius for 50 years, or blow the leak wide open and exacerbate the spill immeasurably?” are best left to the propeller-head guys with clipboards and white jackets. Leaving aside all that, and at the risk of seeming slightly caviler, I think we can agree that the atomic option or, dare to dream, a hydrogen bomb, would be just about the coolest thing any of us has ever seen. How cool? This cool, only in color.

Since BP couldn’t possibly be less popular, my advice to them is that they drop about 10 more of those submarine cameras and sell the Big Bang explosion on Pay-Per-View for $50. It would secure BP’s dividend and be bigger than World Wrestling Entertainment’s WrestleMania and a Floyd Mayweather fight combined.
http://www.minyanville.com/businessmark ... 0/id/28593
State finances hitting bottom

NEW YORK (CNNMoney.com) -- The good news is that states are expected to hit the bottom of their budget woes this coming fiscal year.

The bad news is that there are still painful spending cuts that must be made in fiscal 2011, which starts July 1 in most states, and beyond.

"From here on, for the next year or so, is going to be the bottom," said Raymond Scheppach, executive director of the National Governors Association, which released its biannual state fiscal report Thursday. "My hope is within two quarters, we begin to start to see some very, very small revenue growth."

Governors' recommended budgets called for a 3.6% increase in spending - the first after a record two years of declines, according to the report, which was conducted with the National Association of State Budget Officers.

That would bring general fund spending to $635.3 billion, still a far cry from the $687.3 billion expended in fiscal 2008, before the Great Recession hit.

Tax revenues are expected to climb to $495.8 billion in fiscal 2011, up from $477.4 billion the previous year but down from the $541.5 billion collected in fiscal 2008.
http://money.cnn.com/2010/06/03/news/ec ... dget_gaps/

Rethinking the Inflation vs Deflation Debate
http://www.zerohedge.com/article/rethin ... to+zero%29

....of course the writer leaves out the falling velocity of money....and the fact that M3 is now collapsing....which Leo points out in the comments with reference to this nice piece of analysis -
http://www.arpllp.com/core_files/The%20 ... 200709.pdf

Employment Report Prediction: Bad Reporting!
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Public Union Parasites Move To Bar California Bankruptcies
http://globaleconomicanalysis.blogspot. ... nalysis%29

Retailers' sales lackluster as consumers remain wary
http://www.reuters.com/article/idUSTRE6522KA20100603

UPDATE 3:

ES Closes Green At 40% Below Average Volume
http://www.zerohedge.com/article/es-clo ... age-volume
Fed's Central Bank Swaps Increase By $5.4 Billion To $6.6 Billion

The Fed lent out $6.6 billion in liquidity swaps this week to foreign banks, of which the biggest beneficiary was the ECB, with a 1 week swap of $5.4 billion and an 84 day swap of $1.0 billion. The only other bank receiving Fed aid was the Bank of Japan, which got $210 million. What is funny is that the ECB is now an example of just how large the FX imbalance in Europe is: the ECB has had to lend out $6.4 billion in dollars even as banks have hoarded €320 billion in euro deposits with the ECB, a new all time record. In other words, nobody wants euros, and everybody is dying to get their hands on dollars.
http://www.zerohedge.com/article/feds-c ... 66-billion

Who Will Profit From The Oil Spill
http://www.zerohedge.com/article/guest- ... -oil-spill

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

One of the more revealing aspect of the American pretend and “pay me later” economy is that states are joining forces with housing squatters by just refusing to pay bills. On a cash flow basis this works wonderfully just as long as the account receivable side of the ledger is ignored.
WASHINGTON (AP) -- Job creation by private companies grew at the slowest pace of the year in May, even while the hiring of temporary census workers drove overall payrolls up 431,000. The unemployment rate dipped to 9.7 percent as many people gave up searching for work.
http://finance.yahoo.com/news/Economy-a ... 9&ccode=mp
So much for that 700,000 expectation. At 431k, less 411k census, and 31k from temporary help services, it sure doesn't look good even without the 215k birth-death adjustment which only conspiracy theorists look at according to Mr. Liesman. 431k minus 411k minus 31k minus 215k = -226k. Nuf said. In other news, those unemployed longer than 27 weeks hits a new record at 46%. Nothing conspiratorial about that number.
http://www.zerohedge.com/article/non-fa ... tment-215k

US aims to create jobs while bolstering airport security
http://www.ibtimes.com/articles/26722/2 ... curity.htm

Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

95% of new jobs from Census hiring
http://www.americanthinker.com/blog/201 ... s_hir.html

SP Daily Chart: Looking Ugly
http://jessescrossroadscafe.blogspot.co ... 9ricain%29

Video Exposes Systemic Fraud by Census Bureau Supervisors
http://globaleconomicanalysis.blogspot. ... nalysis%29

San Carlos California Ponders Dissolving Police Department, Outsourcing Duties; Redwood City Mayor says "It's the Wave of the Future"
http://globaleconomicanalysis.blogspot. ... nalysis%29

MasterCard Study Says Consumer Spending Has Taken A Break
http://globaleconomicanalysis.blogspot. ... nalysis%29

WSJ: China's Property Market Freezes Up
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Is Italy Next to Fall in Eurozone?
http://www.minyanville.com/businessmark ... 0/id/28607
From Nic Lenoir of ICAP

Some very spicy comments from the Hungarian prime minister who basically tells the world to get lost (please admire effort to remain polite on his part). In so many words it's not his fault, it's the previous administration's fault. Sounds familiar? Obama has used it at will, Greece has used it, I heard Sarkozy use it, and just about everybody else! Even Republicans who campaigned to "Drill baby drill!" now blame the BP fiasco on Obama. Needless to say political courage is something that no longer exists, and populism has been the only political program offered to us for now a solid 40 years. The natural extension is for a Prime Minister to just walk in and say: "You know what screw you guys, we will default, I am not taking back tax cuts that got me elected, I am not telling people who were promised early retirement that really it's not feasible, I'm just not going to deal with any of this. Let's just default and keep doing what we were doing". In the same line of thought the French PM declared this morning that there is nothing bad about EURUSD at parity.

If you think it's bad to sell someone a mortgage they can't pay, how about promising them a lifestyle they can't afford! Washington has some nerve to blame the financial industry: "a house for every American" was their idea. Granted there is plenty of blame and jail time deserved at many financial institutions but it is true also for Congress. I used to think that over the past 40 years the commodity that was most devalued was human labor but I have changed my mind. A man's word no longer has any value in most cases. Should the law be changed so that it holds our leaders accountable for their words? Why not, we would get a hell of a clean slate and something to be finally hopeful about. That is change I would believe in for sure.

Leaving philosophical considerations aside, the comments by the Hungarian prime minister are of very dangerous nature. Combined with the IMF declaring they are not properly capitalized to handle further bailouts, then we are left exposed to a possibly deadly riptide in sovereign bonds. If you owned a Hungarian bond here and you found a bid you would hit it wouldn't you? So should everybody, and then comes Romania with a recently failed auction, and then Ukraine which already received one round of bailout and will clearly need more. Then comes Western Europe, even Germany with its exposure to Eastern Europe, Japan... If dominos start falling it will be nearly impossible to stop them unless theree is enough private wealth left at one point to back specific sovereign entity. With the overall leverage in the system that could mean very few people, though Japan has proved resilient for that very reason despite a huge debt-to-GDP ratio. And even though 4 PMs in 4 years shows that public opinion is losing its discipline in the empire of the rising sun, their politicians still have the good taste of resigning.

Either way this is the kind of event that can be the spark of a global systemic crash that would leave very few standing if any. Any optionality in an investment portfolio should be to the downside and there is a good chance a lot of bets would not be honored under that scenario. Cash, Gold, and maybe guns seems sadly to be the answer.
http://www.zerohedge.com/article/democr ... et-failure

50 reasons to prepare
http://www.americanpreppersnetwork.com/ ... epare.html

Europe's Core Is Burning, As Austria Next On The Implosion Radar; German, France CDS Blow Out
http://www.zerohedge.com/article/europe ... s-blow-out
RanSquawk report that according to "well-placed sources in Beijing" China is now buying EUR above 1.20 to stabilize the currency in advance of a G20 meeting later in June, per a previous agreement with the G20 members. This surely explains why the euro magically got vacuumed up by 60 pips in a manner of seconds as soon as a breach of 1.20 was imminent. Alas, as we pointed out previously, the half life of central bank interventions is now laughable: at some point interventions using fiat methods will have no impact whatsoever. On the other hand, all those who are short the market, and thus the euro, and in the process are facing the Fed, the ECB, the SNB (or not so much anymore), and now the PBoC, now have a whole new appreciation of the word "Sparta"
http://www.zerohedge.com/article/pboc-r ... department

Cut derivatives volumes down to size, says European Parliament report
http://www.risk.net/risk-magazine/news/ ... ent-report
BP / Gulf Oil Spill - Landfall in Alabama?
MODIS images today were too cloudy to be useful, but an excellent radar satellite image was taken today of the ongoing Deepwater Horizon oil spill in the Gulf of Mexico. This image, taken from the Envisat satellite using the ASAR radar sensor, shows oil apparently making landfall in Alabama on the east side of Mobile Bay, in the Fort Morgan - Gulf Shores area. An article on the Washington Post website today seems to confirm what we're seeing on the image:

Oil slicks and sheen spread across a total area of about 11,505 square miles (29,796 km2) on this image, which doesn't extend very far west of the Mississippi Delta, and doesn't cover the approach to Florida Straits where we saw possible indications of oil on May 27.

Dr. Ian MacDonald and Dr. Oscar Garcia-Pineda at Florida State University have also been systematically analyzing the radar images of this spill. The animated graphic below shows a detailed look at the northeastern portion of the oil slick as it moves eastward off the Alabama coast and the Florida Panhandle on May 31, June 1 and June 3:
http://blog.skytruth.org/2010/06/bp-gul ... kyTruth%29

Globs of oil stain Florida national seashore
http://rawstory.com/rs/2010/0604/globs- ... -seashore/

BP: cleanup costs for oil spill will be 'severe'
http://finance.yahoo.com/news/BP-cleanu ... 2&ccode=mp

Fury at BP Turns Into Protests and Vandalism
http://finance.yahoo.com/news/Fury-at-B ... a&ccode=mp

BP, Coast Guard withheld video showing massive scope of oil spill
http://rawstory.com/rs/2010/0604/bp-fed ... ll-secret/

Expert: If cap fails, oil in Gulf will triple
http://rawstory.com/rs/2010/0604/expert ... -cap-work/

CEO: BP will make good on $10 billion in profit payouts to shareholders, despite spill
http://rawstory.com/rs/2010/0604/bp-10- ... d-payouts/

Former Valdez Cleanup Worker Warns of Toxic Dangers in the Gulf
http://www.propublica.org/ion/blog/item ... gulf#15190

Obama's Oil Drill Ban Crippling Gulf Economy
http://www.humanevents.com/article.php?id=37343

Ocean currents likely to carry oil along Atlantic coast
http://www2.ucar.edu/news/ocean-current ... ntic-coast

BP robots steer cap to spewing well
http://www.cnn.com/2010/US/06/03/gulf.o ... 1&iref=BN1

Blood of the Earth - The Gulf Oil Spill part 5
http://www.youtube.com/watch?v=WEzL8NEX ... r_embedded

Will The BP Oil Spill Be The End Of The World As We Know It For The Gulf Of Mexico?
http://thisistheendoftheworldasweknowit ... -of-mexico

Bilderberg 2010: Plutocracy with palm trees
http://www.guardian.co.uk/world/blog/20 ... berg-spain

Spanish PM to Open Secretive Bilderberg Club Meeting in Sitges
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

Daniel Estulin Bilderberg Speech at EU Parliament Press Conference
http://publicintelligence.net/daniel-es ... onference/

CENTRALIZING POWER: THE TYRANTS' AGENDA PART 3
http://www.newswithviews.com/Timothy/baldwin140.htm

"Fannie and Freddie need to be rethought entirely, if not eliminated outright."
http://reason.com/blog/2010/06/04/fanni ... need-to-be

...day late and dollar short - FHA, Fannie, & Freddie are now 95% of the mortgage market....if they were removed (government intervention) you would see interest rates at 15-20% and complete collapse in home values...

Barack Obama, Barry Soetoro
http://www.youtube.com/watch?v=8FFQ15fo ... r_embedded

First Piece Of King Tut Exhibit On Display At DIA
http://cbs4denver.com/entertainment/Tut ... 29692.html

.....I've posted this a time or two in the past.....but for those that may have missed it.....here's the best website on the web to check for poisons in the cosmetics you use on a daily basis - everything from toothpaste to sunscreen....
http://www.cosmeticsdatabase.com/

An Invitation to War
http://www.humanevents.com/article.php?id=37341

....straight from the lips of Bush's CIA drug man....the man who founded and funded the creation of FEMA....good ol' Ollie North!

Israel resists probe into Gaza ship raid, as new ship steams towards Gaza
http://www.veteranstoday.com/2010/06/04 ... ards-gaza/

Washington Comes to the Aid of Israel over Gaza Convoy Massacre
http://www.globalresearch.ca/index.php? ... leId=19509

U.S. widens Special Operations against al Qaeda: report
http://www.reuters.com/article/idUSTRE6 ... op+News%29

The Psychopathic Criminal Enterprise Called America - The Government uses the Law to Harm People and Shield the Establishment
http://www.globalresearch.ca/index.php? ... leId=19536

Dallas Fed's Fisher Rages Against TBTF, Says Only Way To Remove Systemic Risk Is Shrinking The Megabanks
http://www.zerohedge.com/article/dallas ... -megabanks

California Senate Passes Foreclosure Legislation
http://www.housingwire.com/2010/06/04/c ... egislation

California Today, Texas Tomorrow?
http://skepticaltexascpa.blogspot.com/2 ... orrow.html

94,000 US Soldiers at $30 billion/year in Afghanistan for 100 "al Qaeda" in all of Afghanistan - $300 million/year for every al-CIA-duh fighter....Sounds about right. Maybe 100 duped Arab al-CIA-duh fighters, and hundreds of CIA, Mossad, and MI-6 agents dressed up as Arabs planting IEDs.
http://thy-weapon-of-war.blogspot.com/2 ... ar-in.html
More than 40m now use food stamps

WASHINGTON — The number of Americans receiving food stamps in March topped 40 million for the first time as the jobless rate hovered near a 26-year high.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases totaled 40.2 million, up 21 percent from a year earlier and 1.2 percent more than in February, the Department of Agriculture said yesterday in a statement on its website. The number of recipients has set records for 16 straight months.
http://www.boston.com/news/nation/artic ... od_stamps/
So just how big is the U.S. national debt in 2010? Well, according to the U.S. Treasury Department, on June 1st the U.S. National Debt was $13,050,826,460,886.97. For those not used to seeing such big numbers, that is over 13 trillion dollars. To give you an idea of just how much a trillion dollars is, if you had started spending one million dollars every single day when Christ was born, you still would not have spent one trillion dollars by now.
http://theeconomiccollapseblog.com/arch ... -debt-2010
Guess What America? Your Cities And States Are Flat Broke

According to Distressed Debt Securities, in 2009 183 municipal borrowers were unable to make $6.4 billion in loan payments. Just two years earlier, those numbers were 31 and $348 million. As you can see, that is not a good trend.

The truth is that municipal governments are facing an unprecedented fiscal crisis.

In fact, the National League of Cities recently announced that municipal governments will collectively come up somewhere between $56 billion and $83 billion short between now and 2012.

So where will all of that money come from?

It will have to come from spending cuts, tax hikes or handouts from the federal government. Or, if something is not done, we are going to see a massive wave of municipal defaults.
http://endoftheamericandream.com/archiv ... flat-broke

Deadly fighting erupts in Sudan's Darfur: rebels
http://www.google.com/hostednews/afp/ar ... ywwDZzy5Yg

UPDATE:

....bit o' correction in the market today....

Temporary Help Services starting to slow, Small Business hiring "Bleak"
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

U.S. Economy: Payrolls Trail Forecasts in Sign Growth May Cool
http://www.bloomberg.com/apps/news?pid= ... gFSI&pos=2

First The Gulf, Now The Marcellus Shale: Gas Well Rupture Forces Mile-Wide Evacuation In PA
http://www.zerohedge.com/article/first- ... cuation-pa

Marcellus Shale Gas Well Rupture Controlled After 16 Hours
http://www.thepittsburghchannel.com/new ... etail.html

Possible Leak From Platform 23051
http://blog.skytruth.org/2010/06/possib ... kyTruth%29
"The government really needs to have its own independent ability to go down there and image the site, survey the site and do its own investigation," he said.

"Because if you're not monitoring it independently, you're asking the perpetrator to give you the video of the crime scene," Cameron added.
http://www.reuters.com/article/idUSTRE6520X020100603

Violence in Knesset After Aid Flotilla Passenger Speaks
http://publicintelligence.net/violence- ... er-speaks/

Doubts Grow Over Israel's Value as U.S. Ally
http://www.ipsnews.net/news.asp?idnews=51715

Obama’s Lawyer May Recommend Executive Privilege to Block Kagan Papers
http://www.infowars.com/obamas-lawyer-m ... an-papers/

Research Links Genetically Modified Food To Long Term Sterility
http://www.psfk.com/2010/06/research-li ... ility.html
Secrecy surrounded the guest list, but press leaks mentioned such names as former US Federal Reserve chairman and current presidential advisor Paul Volcker, Austrian President Heinz Fischer, European Competition Commissioner Joaquin Almunia and Microsoft founder Bill Gates.

Other guests include World Trade Organization Director Pascal Lamy, European Central Bank President Jean-Claude Trichet, the banker David Rockefeller and Dutch Queen Beatrix, according to the unconfirmed reports.
http://www.earthtimes.org/articles/show ... spain.html
As if Friday's jobs report wasn't bad enough, there's another worry for the markets: With more than half stimulus money chewed up, how does the economy survive without the government holding its hand?

Some $398 billion of the total $780 billion in stimulus funds have been used up through tax breaks, public works projects and a varied menu of entitlement programs aimed at dragging the US out of recession and back into prosperity.

Oh, and the stock market has benefited too. All that spending has generated revenue that in turn sent investors back into the financial markets looking for bargains, the result being a historic 70 percent rally over the course of 14 free-spending months.

So is the economy ready to take off the life preserver and swim on its own?

At least in Washington, there is doubt.

About 70 percent of the stimulus is likely to be gone by the end of 2010 and rest will fade away in the ensuing two years.

Few believe that will signal the imminent demise of the stock market. Yet analysts also say the recent market correction-and expected slow grind for the markets ahead-in part reflect pricing in the end of the government intervention and the advent of a stock market with the training wheels off.

"Equity markets are supposed to be forward-looking. Prices are supposed to reflect all the information we have on hand at the moment," says Paul Dales, senior US economist at Capital Economics in Toronto. "We all know that the fiscal stimulus is going to slow over the next 12 months. So hopefully some of that is priced in."
http://finance.yahoo.com/news/Another-M ... et=&ccode=
Bold and Underline mine

This last one is a real peach! Like the government is this separate entity from the economy that can give and take at its leisure or beneficence...the government is a drain on the economy.....without the private side there is no economy.....and very shortly thereafter....no government!!! Pure asinine retardation!!!

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

The funding level of US pension funds fell to 82 percent of liabilities in May. Looks like the relationship is one percent for every two percent in stock market gain or loss. June’s losses so far promise to add further to pension funds’ short fall. No doubt the pension funds are also exposed to the bond bubble.
WHO scandal exposed: Advisors received kickbacks from H1N1 vaccine manufacturers
http://www.naturalnews.com/028936_WHO_vaccines.html

When meat is not murder - Would you eat steak if it had been grown in a petri dish?
http://www.guardian.co.uk/science/2005/ ... tionalnews


An Effort to Protect Yourself from Chemtrail Poisoning
http://farmwars.info/?p=3058&utm_source ... rm+Wars%29

Unfiltered news for 2010 MAY 29 – JUNE 4
http://www.realityzone.com/currentperiod.html
Routine Gulf Monitoring - Here's Why We Need It

Three days ago we blogged about a possible small, but persistent, leak from offshore oil platform #23051 in the Gulf of Mexico, not far from the ongoing Deepwater Horizon spill. We asked for confirmation from anyone who might happen to be in the vicinity. Ask, and ye shall receive:

Professional photographer J Henry Fair flew over the site yesterday using the MMS platform location in our blog post, and took photos of what he found. Here are the two he sent us today. There is an obvious plume of oil in the water next to a semisubmersible drill rig. J Henry identified it as the Ocean Saratoga rig (nice picture here), owned by Diamond Offshore.

The May 17 rig status report available on Diamond Offshore's website (which prominently features a photograph of Senator Mary Landrieu, with the caption "Credit where credit is due") shows the Ocean Saratoga is currently under contract to drill for the same company that owns and operates Platform 23051. The platform may be the one visible in the background of the photo above, apparently trailing another oily-looking plume. So it's possible that we've actually discovered two separate leaks or spills in the same vicinity.
http://blog.skytruth.org/2010/06/routin ... kyTruth%29

The Truth Behind the Bilderberg Group
http://mikechamberslive.com/?p=7840

Bilderberg 2010 Photos
http://publicintelligence.net/bilderberg-2010-photos/

2010 Bilderberg Meeting Participant List
http://publicintelligence.net/2010-bild ... pant-list/

Bilderberg 2010: Between the sword and the wall
http://www.guardian.co.uk/world/2010/ju ... ie-skelton

The Edible Organic Yard - Preparing the Soil
http://www.stevealten.com/organic_yard.htm

FDA defeated in federal court over censorship of truthful health claims
http://www.naturalnews.com/028929_FDA_h ... laims.html

Big Pharma blackmails Greece; halts medicine supply over cash demands
http://www.naturalnews.com/028922_Greec ... harma.html

Mexican President is Proposing a New Police Force Model - Presidency of the Republic
http://www.mexidata.info/id2692.html

A Growing Subversive Paradigm in Areas of Latin America
http://www.mexidata.info/id2691.html

Slavery Exposed in Northern China
http://www.theepochtimes.com/n2/content/view/36704/
Women forced to abort under China's one-child policy

Every 2.4 seconds, a woman in China undergoes a forced abortion because of the communist nation's one-child policy, totaling about 35,000 abortions a day, a panel of four experts said Tuesday.
http://www.washingtontimes.com/news/201 ... ld-policy/

Legalizing Euthanasia in Belgium Unleashes Nurses to Do Doctor-Ordered Non Voluntary Killing
http://www.firstthings.com/blogs/second ... y-killing/

New York begins gay couple commitment ceremonies
http://www.reuters.com/article/idUSTRE6 ... gle+Reader
'Gay day' a Mayday for families

Disney is about to host its annual "gay day" at its facility in Orlando.

"This Saturday, June 5, there will be approximately 15 [thousand to] 20,000 reveling homosexual, lesbian, [and] transgender people in the Magic Kingdom in Orlando," reports David Caton, founder of the Florida Family Association (FFA). "I want to encourage people who have any plans of attending the Magic Kingdom on that date to avoid it. It is a very distasteful event," he adds.

Saturday's observance falls in the midst of Orlando's annual weeklong "Gay Days" celebration that boasts of attracting more than 150,000 "gay and lesbian travelers." Websites report that homosexuals wear red that day at Walt Disney World to identify themselves to others. David CatonCaton says that over the years, he has witnessed 2,000 to 3,000 people who have left the park after learning it was packed that day with homosexuals. The event is always staged on the first Saturday of June, and he explains that activists have a reason for that.

"There are anywhere between 50 [thousand] and 70,000 children in the theme park on that day, and we believe the reason they're doing this is because they want to have a captured audience of children," he suspects.

The FFA founder says that is part of a homosexual indoctrination process for the children.

As he has monitored the park during the annual homosexual fest at Disney, Caton notes that there have been reports of obvious debauchery involving homosexuals.

The major corporate sponsor of this year's "Gay Days" observance at Disney World is Anheuser-Busch. Other sponsors include the Blue Man Group and the Florida Department of Health.
http://www.onenewsnow.com/Culture/Defau ... id=1036786

New spy chief who hyped Iraq WMD ‘may invade Finland’
http://rawstory.com/rs/2010/0607/dni-no ... led-syria/

Kosovo: drugs for Europe
http://english.ruvr.ru/2010/06/05/9145070.html

Drugs for Europe: Protected by Powerful Western Interests, Afghanistan Heroin Transits Through Kosovo
http://www.globalresearch.ca/index.php? ... leId=19581

How The CIA Created The Jamaican Shower Posse
http://newsone.com/world/casey-gane-mcc ... wer-posse/

Veteran White House reporter Helen Thomas ‘immediately’ retires
http://rawstory.com/rs/2010/0607/white- ... l-remarks/

Is flotilla battle signaling start of 'Gog and Magog'?
http://www.wnd.com/index.php?fa=PAGE.view&pageId=162069

Storms rip through Midwest
http://www.usatoday.com/weather/storms/ ... ther_N.htm

US says North Korean defiance is obstacle to effective sanctions
http://www.monstersandcritics.com/news/ ... -sanctions

N.Korean Eminence Grise Dead in Mysterious Circumstances
http://english.chosun.com/site/data/htm ... 00549.html

ROK-US joint naval exercise postponed
http://www.koreatimes.co.kr/www/news/na ... 67094.html

Evidence Points to Burma’s Nuclear Weapons ‘Intent’ – The Irrawaddy
http://www.analyst-network.com/article.php?art_id=3474

Forgetting the Troops
http://www.amconmag.com/tactv/2010/06/0 ... he-troops/

At least 909,681 people have been killed in Afghanistan and Iraq since the U.S. and coalition attacks, based on lowest credible estimates.
http://www.unknownnews.org/casualties.html

Halliburton campaign donations spike
http://www.politico.com/news/stories/0610/38047.html

Tax Hikes and the 2011 Economic Collapse
http://online.wsj.com/article_email/SB1 ... DcyWj.html

US used cluster bombs on Yemen civilians: Amnesty
http://rawstory.com/news/afp/US_used_cl ... 62010.html

Janet Napolitano offers to help put stop to illegal border crossings — in Saudi Arabia
http://www.worldtribune.com/worldtribun ... _06_03.asp

Obama secretly deploys US special forces to 75 countries across world
http://www.timesonline.co.uk/tol/news/w ... 144445.ece

Army Plans $100 Million Special Ops HQ in Afghanistan
http://www.wired.com/dangerroom/2010/06 ... z0qCBandWC

The hijacking of the truth: Film evidence 'destroyed'
http://www.independent.co.uk/news/world ... 92517.html

Minister: Britain will open the door to Frankenstein food
http://www.dailymail.co.uk/news/article ... z0qCCV7GN4

Congressional Record: JP Morgan & Co purchased all major media for propaganda: 1917. And now…?
http://www.examiner.com/x-18425-LA-Coun ... 17-And-now

A Good Crisis, Wasted
http://economistsview.typepad.com/timdu ... asted.html

Warning!... Vaccine Contamination!... Threat to Human Health... Found to Kill Baby Pigs!
http://www.knowthelies.com/?q=node/5844

Severe drought causes hunger for 10 million in west Africa
http://www.guardian.co.uk/environment/2 ... est-africa

Greasing the Wheels of Control... 'Never Letting a Serious Crisis (BP Oil 'Spill') Go to Waste'
http://www.knowthelies.com/?q=node/5843

Bush, Cheney May Face Prosecution For Medical Experiments On Detainees
http://www.veteranstoday.com/2010/06/07 ... detainees/

Did the Bush Administration Experiment on Detainees?
http://motherjones.com/politics/2010/06 ... phr-report

BP chief Tony Hayward sold shares weeks before oil spill
http://www.telegraph.co.uk/finance/news ... spill.html

BP Tries to Block Photos of Dead Wildlife
http://www.veteranstoday.com/2010/06/07 ... -wildlife/

BP buys Google, Yahoo search words to keep people away from real news on Gulf oil spill disaster
http://www.examiner.com/x-33986-Politic ... pill-disas

BP still collecting from well as oil hits Florida Panhandle
http://www.cnn.com/2010/US/06/05/gulf.o ... index.html

Four Reasons Why Measuring Flow in BP’s Spill Matters
http://www.propublica.org/ion/blog/item ... ters#15220

Oil Clumps Hit Florida Beaches as BP Spill Endangers Tourism
http://www.bloomberg.com/apps/news?pid= ... y85U&pos=9

Computer models show Gulf oil reaching East Coast
http://www.sfgate.com/cgi-bin/article.c ... z0qCB2I6Ad

Undersea oil plumes mean slow-motion death in Gulf: experts
http://www.physorg.com/news194849190.html

LOST at Sea: Enormous Exaggeration of Oil Plume Set to Enrich World Bankers
http://www.infowars.com/lost-at-sea-eno ... d-bankers/
AP IMPACT: Many Gulf federal judges have oil links

MIAMI – More than half of the federal judges in districts where the bulk of Gulf oil spill-related lawsuits are pending have financial connections to the oil and gas industry, complicating the task of finding judges without conflicts to hear the cases, an Associated Press analysis of judicial financial disclosure reports shows.
http://news.yahoo.com/s/ap/20100606/ap_ ... _conflicts

Tories Ready to Reopen Dr David Kelly Suicide Inquiry
http://www.globalresearch.ca/index.php? ... leId=19580

Attempts to Squash Challenger Political Parties - Proposition 14 on the California ballot
http://www.progress.org/2010/fold668.htm

Long-Term Unemployed Now 46 Percent Of Unemployed, Highest Percentage On Record
http://www.huffingtonpost.com/2010/06/0 ... 01930.html

Power of the Purse Volume 1 - Chapter 4: The Knights Templar
http://www.youtube.com/watch?v=rVDfp23K ... r_embedded

Congresswoman McMorris Rodgers Reponds To IMF Statement Europe Bailout Will Cost US Taxpayers $100 Billion+
http://www.zerohedge.com/article/congre ... to+zero%29

Animal-Human Hybrids Banned in Some States
http://abcnews.go.com/Technology/animal ... d=10831325

The Really Creepy People Behind the Libertarian-Inspired Billionaire Sea Castles
http://www.alternet.org/economy/147058/ ... a_castles/

U.S.'s $13 Trillion Debt Poised to Overtake GDP: Chart of Day
http://preview.bloomberg.com/news/2010- ... f-day.html

China Investing Estimated $200 Billion in 'Imperialistic' Military to Rival U.S., Warns Pentagon Sr. Strategist
http://www.businessandmedia.org/article ... 62357.aspx

Global Threats: Russia and China
http://www.bluebattleflag.com/Weekly_Editorial.html

White House in fresh job offer allegations - The White House has been hit by fresh allegations that it intervened in a US Senate race by offering a job in the Obama administration in return for a candidate dropping out.
http://www.telegraph.co.uk/news/worldne ... tions.html

Euro 'will be dead in five years'
http://www.telegraph.co.uk/finance/econ ... years.html
Banks Seized by Regulators in Nebraska, Mississippi, Illinois

June 5 (Bloomberg) -- Three banks with total deposits of almost $2.3 billion were seized by regulators amid losses stemming from soured real-estate loans, raising to 81 the number of U.S. lenders that have collapsed this year.
http://www.businessweek.com/news/2010-0 ... inois.html
"The unemployment rate for young Americans has exploded to 52.2% - a post-World War II high, according to the Labor Dept - meaning millions of Americans are staring at the likelihood that their lifetime earning potential will be diminished and, combined with the predicted slow economic recovery, their transition into productive members of society could be put on hold for an extended period of time."

"The number represents the flip-side to the Labor Dept's report that the employment rate of 16-to-24 year olds has eroded to 46.6 percent - the lowest ratio of working young Americans in that age group, including all but those in the military, since WWII."

The Illinois Policy Institute says the state is "in a fiscal meltdown that continues to spiral out of control," exacerbated by the economic crisis, falling tax revenues, and mismanagement in a state plagued by corruption.
http://www.opednews.com/articles/Lost-Y ... 6-755.html

More Teens May Be Getting High off Prescription Drugs
http://abcnews.go.com/Health/Wellness/t ... d=10818592

Illinois Spends $55 Mil To Insure Illegal Immigrants
http://www.judicialwatch.org/blog/2010/ ... immigrants

Census Worker Claims Job Numbers Are Being Inflated
http://www.realclearpolitics.com/video/ ... lated.html

Central Bank Gold Holdings Expand at Fastest Pace Since 1964
http://www.businessweek.com/news/2010-0 ... -1964.html
Having counted on Washington for money that may not be delivered, at least 30 states will have to close larger-than-anticipated shortfalls in the coming fiscal year unless Congress passes a six-month extension of increased federal spending on Medicaid.

Governors and state lawmakers, already facing some of the toughest budgets since the Great Depression, said the repercussions would extend far beyond health care, forcing them to make bone-deep cuts to education, social services and public safety.

Gov. Edward G. Rendell of Pennsylvania, for instance, penciled $850 million in federal Medicaid assistance into the revenue side of his state’s ledger, reducing its projected shortfall to $1.2 billion. The only way to compensate for the loss, he said in an interview, would be to lay off at least 20,000 government workers — including teachers and police officers — at a time when the state is starting to add jobs.
http://www.nytimes.com/2010/06/08/us/08medicaid.html

In contrast to US cheerleaders foolishly predicting a "Checkmark Recovery" (see Disputing the Alleged "Checkmark Recovery") British Prime Minister Cameron says "Years of pain ahead"
http://globaleconomicanalysis.blogspot. ... nalysis%29

Iran Sells Euro Reserves for Dollars
http://globaleconomicanalysis.blogspot. ... nalysis%29

Key Indicators of a New Depression
http://www.campaignforliberty.com/article.php?view=918

$673 Billion In Commercial Paper Maturing Through July 16 As CP Rates Creep Higher
http://www.zerohedge.com/article/673-bi ... eep-higher

Treasury Auction Schedule for the Week of June 7, 2010
http://treasuryauctionwatch.blogspot.co ... ek-of.html

6 Month Bill Auctions Comes At Record High Bid-To-Cover And Direct Take Down
http://www.zerohedge.com/article/6-mont ... -take-down

Why The Ongoing Push To Inflate The Debt Overhang By The Fed Is Suicidal
http://www.zerohedge.com/article/why-on ... d-suicidal

Italy Immitates US, Tries To Lower Spreads By Increasing Bond Issuance, Fails
http://www.zerohedge.com/article/italy- ... nces-fails

UPDATE:
Consumer Credit Slightly Higher After Major Prior Downward Revision, Commercial Banks Withdraw $6 Billion In Credit

April consumer credit came in slightly above expectations, at $2,423 billion in April, compared to $2,421.8 billion in March. The March number was interesting as it was revised notably lower from +$2 billion to -$5.4 billion, a revision the likes of which we can probably expect for April once next month's data is released.
http://www.zerohedge.com/article/consum ... ks-withdra

....how about that $7 billion revision....

UPDATE 2:

Gas Well Explosion near Granbury, Texas Southwest of Dallas
http://www.arlingtoncardinal.com/2010/0 ... las-texas/

Live feed by Fox News -
http://interactive.foxnews.com/livestre ... l?chanId=1

June 4 Hedge Fund Performance Report - May P&L Was A Bloodbath
http://www.zerohedge.com/article/june-4 ... -bloodbath

UPDATE 3:

Massive Gas Well Explosion Near Granbury, Texas; Raging Fireball Visible 30 Miles Away
http://www.zerohedge.com/article/massiv ... miles-away

Breaking News – Hood County Oil Well Explosion – 3 dead 2 missing
http://theintelhub.com/2010/06/07/break ... 0-missing/

Bad News For Gas Drillers: DEP Orders EOG Resources To Halt All Nat Gas Drilling In Pennsylvania
http://www.zerohedge.com/article/bad-ne ... nnsylvania

BP Well Bore And Casing Integrity May Be Blown, Says Florida’s Sen. Nelson
http://emptywheel.firedoglake.com/2010/ ... -be-blown/

Mirror, Mirror on the Wall, When is the Next AIG to Fall? | Marc Faber
http://www.youtube.com/watch?v=H0sS6a9R ... r_embedded

On The Precipice Of Solar Induced Disaster
http://modernsurvivalblog.com/natural-d ... valBlog%29

Possible Battle Hardened Troops Or Guard Arrive In Gulf – Awaiting Confirmation
http://theintelhub.com/2010/06/06/red-a ... louisiana/

Former Nato Secretary-General Admits Bilderberg Sets Global Policy
http://www.infowars.com/former-nato-sec ... al-policy/

Iran raises Gaza threat by vowing to challenge Israel's blockade
http://www.telegraph.co.uk/news/worldne ... ckade.html

Iran Red Crescent to send two aid ships to Gaza
http://rawstory.com/rs/2010/0607/iran-r ... hips-gaza/

Turkish troops deployed in Cyprus, top intelligence ranks Islamized
http://www.debka.com/article/8838/

Cairo to Strip Citizenship from Men Who Marry Israelis
http://www.israelnationalnews.com/News/News.aspx/137903

“Let’s Get Ready to Rumble!”
http://dailycensored.com/2010/06/07/%E2 ... ensored%29

Mexico uncovers mass grave in abandoned mineshaft
http://rawstory.com/rs/2010/0607/mexico ... mineshaft/

Russia Orders Troops To Prepare For War With US
http://www.whatdoesitmean.com/index1378.htm

Nato warns of strike against cyber attackers
http://www.timesonline.co.uk/tol/news/w ... 144856.ece

Kim Jong-il consolidates power
http://www.reuters.com/article/idUSTRE65604N20100607

Myanmar's nuclear bombshell
http://www.atimes.com/atimes/Southeast_ ... 5Ae01.html

GORDON DUFF: NEW USS LIBERTY VIDEO, HONOR OUR HEROES
http://www.veteranstoday.com/2010/06/07 ... ur-heroes/

10 troops killed in Afghanistan
http://www.cnn.com/2010/WORLD/asiapcf/0 ... tml?hpt=T3

Former US Marine Disarms Israeli Commandos, Describes Mass Murder By Israeli Soldiers
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

China's 'cancer villages' reveal dark side of economic boom
http://www.guardian.co.uk/environment/2 ... -pollution

Jupiter got smacked. Again.
http://www.csmonitor.com/Science/Cool-A ... ked.-Again

9/11; Did Someone Forget About the Demolition Company? Update – 6/5
http://theintelhub.com/2010/06/03/911-d ... n-company/

Afghan Warlords Gain U.S. Funding by Rebranding as “Private Security Companies”
http://www.allgov.com/US_and_the_World/ ... ies_100607

U.S. states hardest hit by bankruptcies, unemployment and foreclosures
http://www.helium.com/items/1854686-sta ... -recession

Distressed Sales: Sacramento as an Example, May 2010
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Rail Traffic Softens in May
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Consumer Credit: Yuck
http://market-ticker.org/archives/2382- ... -Yuck.html
On or about Jan. 1, 2011, federal, state and local tax rates are scheduled to rise quite sharply. President George W. Bush's tax cuts expire on that date, meaning that the highest federal personal income tax rate will go 39.6% from 35%, the highest federal dividend tax rate pops up to 39.6% from 15%, the capital gains tax rate to 20% from 15%, and the estate tax rate to 55% from zero. Lots and lots of other changes will also occur as a result of the sunset provision in the Bush tax cuts.

State and local tax rates are also going up in 2011 as they did in 2010. Tax rate increases next year are everywhere.

As a result, income this year has already been inflated above where it otherwise should be and next year, 2011, income will be lower than it otherwise should be.

Also, the prospect of rising prices, higher interest rates and more regulations next year will further entice demand and supply to be shifted from 2011 into 2010. In my view, this shift of income and demand is a major reason that the economy in 2010 has appeared as strong as it has. When we pass the tax boundary of Jan. 1, 2011, my best guess is that the train goes off the tracks and we get our worst nightmare of a severe "double dip" recession.
http://online.wsj.com/article/SB1000142 ... 86610.html
The fundamental problem is that we have not, as a global economy, accepted the word "restructuring" into our dialogue. Instead, we have allowed our policy makers to borrow and print extraordinarily large band-aids to temporarily cover an open wound that will not heal until we close the gap. That gap is the difference between the face value of debt securities and the actual cash flows available to service them. The way to close the gap is to restructure the debt. This will require those who made the bad loans to accept the associated losses. By failing to do that, we have failed to address the essential problem faced by the world, which is that we have created more debt than we are able to service.
http://www.hussmanfunds.com/wmc/wmc100607.htm

ALBANY — The Assembly and Senate were expected to pass emergency budget legislation this evening that contains $775 million in permanent cuts to health care this fiscal year.
http://www.poughkeepsiejournal.com/arti ... s-expected

BATON ROUGE, La. (AP) - The Louisiana House has backed a $25 billion budget bill that includes deep cuts to public hospitals, colleges and state agencies to remain balanced next year.
http://www.klfy.com/Global/story.asp?S=12598804

....Isn't it beautiful to see prophecy being fulfilled on a daily basis now.......

Squally
captain of 1,000
Posts: 1296

Re: Blipits

Post by Squally »

....Isn't it beautiful to see prophecy being fulfilled on a daily basis now.......
Yes, it's getting more evident every day now.

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Squally wrote:
....Isn't it beautiful to see prophecy being fulfilled on a daily basis now.......
Yes, it's getting more evident every day now.
Pretty cool IMO....

CIA goes a full 14 months without internal watchdog
http://theintelhub.com/2010/06/08/cia-g ... -watchdog/

Obama quietly declines to nominate CIA watchdog
http://rawstory.com/rs/2010/0608/obama- ... -watchdog/

The State of Public Finances: A Cross-Country Fiscal Monitor
http://www.parisschoolofeconomics.eu/IM ... pn0921.pdf

U.S. Presses Case Against Iran Ahead of UN Sanctions Vote
http://www.veteranstoday.com/2010/06/08 ... ions-vote/

Report: Two Iranian ships to sail to Gaza
http://www.globalresearch.ca/index.php? ... leId=19609

Afghan war overtakes Vietnam to become the longest conflict in U.S. history
http://www.dailymail.co.uk/news/worldne ... z0qHJtdOQg

Kucinich: ‘We may be funding our own killers in Afghanistan’
http://rawstory.com/rs/2010/0608/kucini ... militants/

Security contractor formerly known as Blackwater is for sale
http://www.marketwatch.com/story/former ... _news_stmp

Sayonara: Blackwater puts itself up for sale
http://rawstory.com/rs/2010/0608/blackwater-puts-sale/

Sarkozy queried over Pakistan arms cash
http://news.bbc.co.uk/2/hi/world/europe/10240508.stm

Conspiracy fever: As rumours swell that the government staged 7/7, victims' relatives call for a proper inquiry
http://www.dailymail.co.uk/news/article ... z0qHKbvqf5

NASA Plans for Large Scale Failure, Power Grid is “Particularly Vulnerable to Bad Space Weather”
http://www.americanpreppersnetwork.com/ ... ilure.html

Clam Boat Pulls Up Canisters Off NY, Crew Sick
http://theintelhub.com/2010/06/07/clam- ... crew-sick/

Drugmakers Wash Painkillers Down The Drain
http://healthfreedoms.org/2010/06/08/dr ... the-drain/

Timeline of The 2010 Oil Spill
http://www.floridaoilspill.com/2010/06/ ... spill.html

Years of Internal BP Probes Warned That Neglect Could Lead to Accidents
http://www.propublica.org/feature/years ... -accidents

Rahm Emanuel lived rent free in BP flack's apartment
http://www.americanthinker.com/blog/201 ... ree_i.html

Senator confirms reports that wellbore is pierced; oil seeping from seabed in multiple places
http://www.onepennysheet.com./2010/06/s ... le-places/

AvalonRoundTable – Oil spill could be a global disaster of epic proportions
http://theintelhub.com/2010/06/08/avalo ... oportions/

2 Shanghai class patrol boats to East Timor
http://china-defense.blogspot.com/2010/ ... -east.html

In China, the Cost of Doing Business Rises
http://www.inc.com/news/articles/2010/0 ... adlines%29

Orlando hotels report 55.6% occupancy
http://roseysoutlook.blogspot.com/2010/ ... pancy.html

Uncle Sam and SFAS 106
http://skepticaltexascpa.blogspot.com/2 ... s-106.html

Despite Narrow Monthly Gain, House Prices Fall 2.8% from 2009: IAS
http://www.housingwire.com/2010/06/08/d ... m-2009-ias

Bond Maths: iPIGS + CBs = GSEs
http://macro-man.blogspot.com/2010/06/b ... cro+Man%29

Cuckholded: Public Pension Plans the Next Big Bust
http://dailycensored.com/2010/06/07/cuc ... ensored%29

State pension funds headed for crisis of national proportion
http://thebusinessledger.com/main.asp?F ... ctionID=29
Markets About to Turn Nasty, Buy Barbed Wire: Advisor

“Look at the current situation. You have Greece, now you have Hungary and huge issues surrounding Spain and Portugal,” he said.

Fry believes many European banks have yet to fess up on losses and says governments across the world are between a rock and a hard place.

“Governments need to cut spending and raise money and if they do not do so credibly will be killed by the bond market demanding higher rates,” he said.

Fry sees three outcomes for the global economy and none of them makes very good reading.

“You can have lower rates and deflation, higher rates and higher inflation or the nightmare scenario of higher rates and deflating asset prices,” he said.

“If the nightmare scenario plays out as I suspect it may then the debt situation gets worse. There is currently no exit strategy and the reaction to the crisis of policy makers remains a big worry.”

As a result, Fry is telling investors to play it safe and buy physical assets like land.

“I don’t want to scare anyone but I am considering investing in barbed wire and guns, things are not looking good and rates are heading higher,” he said.
http://www.cnbc.com/id/37549417

Video: “The stimulus failed”
http://hotair.com/archives/2010/06/07/v ... us-failed/
New York state legislators approved health care cuts on Monday and also authorized the state to reject proposed hikes in health insurance premiums.

The actions were part of the latest emergency spending plan legislators had to enact to prevent the government from shutting down. The state budget was due 69 days ago, but negotiations remain stalled. The state still faces a $9.2 billion deficit.

In the interim, basic state operations have subsisted on one-week spending plans. The latest plan keeps the lights on through June 13—and it allots enough money for the state to pay in full all of its construction bills, payments that had been delayed for weeks, if not a month or more.
http://albany.bizjournals.com/albany/st ... ily14.html

....hows that for down to the wire......one week budgets.....a complete reflection of how close to the bitter edge we really are....

Medicaid: States' $24 billion black hole
http://money.cnn.com/2010/06/08/news/ec ... _medicaid/

Stimulus funds drying up as state woes rise
http://www.sfgate.com/cgi-bin/article.c ... z0qHMtyM4I

Bernanke Says Unemployment Unlikely to Fall Quickly (Update2)
http://www.bloomberg.com/apps/news?pid= ... Ufrk&pos=1

BMO Has A Simple Message To Its Clients: Go To Cash Now
http://www.zerohedge.com/article/bmo-ha ... to+zero%29

The Reports -
http://www.zerohedge.com/sites/default/ ... 20Cash.pdf
http://www.zerohedge.com/sites/default/ ... iction.pdf

Bob Janjuah Prepares For A Sell Off To Below 850, And A Coordinated $10 Trillion Quantitative Easing Part 2
http://www.zerohedge.com/article/bob-ja ... to+zero%29

Bearish Trio Complete: Albert Edwards Chimes In: "We Have Not Seen The Worst Yet"
http://www.zerohedge.com/article/bearis ... to+zero%29

BLS: Low Labor Turnover, Job Openings Increase in April
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

The Downside of Keynesian Economics: Santa Barbara Bank & Trust
http://dailycapitalist.com/2010/06/08/t ... italist%29
Commentary: Five reasons the employment numbers are worse than they seem

1. Look out ahead.

We already know that when you strip out the short-term Census jobs, May's jobs growth was a pitiful 41,000. But what people haven't realized is that the leading indicators for June are even worse. TrimTabs Investment Research Inc. tracks the real-time jobs picture by monitoring income tax deposits at the Treasury. And these have suddenly started falling. Based on the latest data, the firm predicts the economy will actually lose up to 200,000 jobs, net, in June. "The big news is that we have a job loss of about 200,000 coming in June," says Trim Tabs' Madeline Schnapp, "and the market isn't ready for it."

2. One and a half million people have 'disappeared'?

The government says the unemployment rate "edged down" to 9.7% -- keeping it below the politically sensitive 10% level. Read more jobs coverage. But that's only because about one and a half million people have just, miraculously "disappeared" from the official labor force. A million and a half people disappearing? It sounds like a crazy conspiracy theory. But there it is, buried in the fine print of the government's own data.

From May 2009 to May 2010, the U.S. "civilian non-institutional population" of prime working age -- 20 to 64 -- expanded by one and a half million, 180.5 million to 182 million. Yet over the same period the official tally of the labor force over age 20 held steady at just 148 million. What happened to those extra people?

3. Some of the new "jobs" may not even exist

That's because they're being counted by the Federal Department of Guesswork. Ever since 1994, say economists, Uncle Sam has been using some statistical, er, "adjustments" to the core jobs data to come up with the, er, "true" picture. It will surprise no one that these "adjustments" make the data look better, rather than worse. The government makes estimates about new companies being started up as well as jobs being lost.

Those adjustments may be adding as many as half a million extra "jobs" to the core figure, says independent economist John Williams at Shadow Government Statistics.

4. The private sector picture may still be in recession

Some recovery: The number employed in the private sector is still about 900,000 below where it was even a year ago, and about 8 million below where it was in 2007. And remember, it has to keep growing just to stand still, because the population is growing.

"There's practically no growth in private sector employment," says Gluskin Sheff strategist David Rosenberg. Jobs growth was anemic even in the parts of the economy allegedly leading the recovery, such as manufacturing. And now, he says, many leading economic indicators have started to turn down again.

5. And as for earnings...

In the quest for some more cheerful news, the government said for those who do have jobs, average hourly earnings were up 1.9% from a year ago.

Good, yes?

Er, not really.

The government also reported that those workers produced 2.8% more goods and services per hour. So they actually got paid about 1% less for each widget they made, TV they sold, or meal they served. Oh, and over the same period consumer prices rose 2.2%. So even those lucky enough to be working have gone backwards — before taxes.
http://finance.yahoo.com/banking-budget ... et=&ccode=

....now to add a little oomph to Fry's barbed wire investment advice...

Distance:

Dakota Longbow
http://www.dakotaarms.com/pdfs/priceShe ... esheet.pdf

Review
http://www.snipercentral.com/longbow.htm

Dakota Scimitar
http://www.dakotaarms.com/dakotaMag/DMh ... s12-16.pdf
http://www.talonarms.com/talonarms/inde ... ts_id=1216

Ed Brown Marine Sniper
http://www.edbrown.com/cgi-bin/htmlos.c ... 2189771400

Ed Brown A5 Tactical
http://www.edbrown.com/cgi-bin/htmlos.c ... 4689771400

Other:

Petzal Reviews the Blaser R8 Jaeger
http://www.fieldandstream.com/blogs/gun-nut

Magpul’s Quad Stack Magazine
http://www.thefirearmblog.com/blog/2010 ... -magazine/

UPDATE:

Food and Depopulation: Rockefeller Family
http://www.infowars.com/food-and-depopu ... er-family/

Another 9/11? Strange Events In the Gulf
http://www.infowars.com/another-911-str ... -the-gulf/

There's A Very Nasty Storm Brewing in Euroland and Umbrellas Are Selling At Premiums With Insolvent Counterparties Attached - Prepare For It to Get Ugly!
http://www.zerohedge.com/article/theres ... ent-counte

China Sovereign Wealth Funds Announces 10% MTM Loss For May
http://www.zerohedge.com/article/china- ... m-loss-may

FYI Note:

May was an interesting month for State Unemployment borrowing. Total debt declined by just over $2 billion for the month and Trust Fund Balances increased by just a hair under $8 billion for a combined $10 billion positive shift for the month (less unemployment spending/borrowing). The majority of states chose to increase their Trust Fund Balances rather than pay back Federal loans with the exception of the following states which paid down/off their federal unemployment debt - California, Texas, Indiana, Tennessee, New Hampshire, Arizona, Colorado, Minnesota, and North Carolina.

My first thought is that the unemployed are rolling off of State unemployment lines onto Federal unemployment support which is logical considering that over 46% of the unemployed have been unemployed 6 months or longer. However after analyzing the DTS (Daily Treasury Statement) for Unemployment Insurance Benefits I see a steady decline in the monthly totals from December 2009 down to May 2010. Therefore, since unemployment levels have not dropped, I must assume that a good portion of people are rolling off the unemployment program completely - both state and federal. The Federal level has gone from over $15 billion for the month of December to over $13 billion in April to $11.7 billion in May.

I think we are in a lull in the storm and about to make the next leg down.....which ought to show up in the state unemployment numbers when it hits. I'm leaning towards late summer for the impact.

http://www.treasurydirect.gov/govt/repo ... ssched.htm

https://www.fms.treas.gov/fmsweb/viewDT ... 052800.pdf

https://www.fms.treas.gov/dts/index.html

Swiss National Bank Intervention Half Life: Down To 2 Hours
http://www.zerohedge.com/article/swiss- ... wn-2-hours
Today's 3 Year $36 billion Auction closed at a high yield of 1.22%, with a 3.23 Bid To Cover, which was the third highest ever recorded, after a 3.27 in May, and the record 3.33 in November. The auction saw a fairly "new normal" distribution in which 16.3% was taken down by Directs (also the third highest on record), 46.7% by Indirects, and 37% by Primary Dealers. The Hit Rate for the Primary Dealers came in at 17.59%, also unspectacular. Overall, a mediocre auction.
http://www.zerohedge.com/article/36-bil ... -bid-cover
7-Day Commercial Paper Rate Hits 18 Month Highs

The crunch in funding continues. As we wrote yesterday, there is $673 billion in Commercial Paper maturing over the next month and a half. The problem is that the rolling of all this paper will come at increasingly higher costs. Today the market for US 7 Day CP hit level of 0.61%. As the chart below indicates, the current CP rate is not only the highest in 2010, but higher than CP costs during the March 2009 market lows. More worrying is that despite the recent unprecedented volatility in daily rate swings, the trend is one of an accelerated increase. At this rate of increase, the Fed may soon need to put the CPFF program back in play.The most worrying is the implication 7 Day CP rates have for the FF rate: while 7 Day CP historically has tracked the Fed Funds tick for tick, over the past few months we have once again seen a major divergence between the two. In this closest proxy to short-term funding, the market is now notifying Bernanke that the Fed Funds rate is now about 36 bps off and increasing.
http://www.zerohedge.com/article/7-day- ... onth-highs

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Second Gas Pipeline Explosion Rocks Texas In As Many Days
http://www.zerohedge.com/article/second ... -many-days

Sheriff says 2 dead, 3 injured in gas line explosion in Texas Panhandle
http://www.foxnews.com/us/2010/06/08/of ... g-injured/

British Petroleum: The Nuclear Option
http://www.zerohedge.com/article/britis ... ear-option

Attorney: Deepwater Horizon Managers Knew About Oil Rig Problem Before Explosion
http://www.infowars.com/attorney-deepwa ... explosion/

'The Rig's on Fire! I Told You This Was Gonna Happen!'
http://www.theatlantic.com/national/arc ... pen/57775/

BP buys top Google search result for 'oil spill'
http://www.telegraph.co.uk/finance/news ... spill.html

BP’s Spill Plans Had Few Ways to Stop a Blowout
http://www.propublica.org/ion/blog/item ... plan#15254

BP well may be spewing 100,000 barrels a day, scientist says
http://www.mcclatchydc.com/2010/06/07/9 ... z0qNa1dpYr

Oil Spill's Real Threat Lies Beneath the Surface
http://www.spiegel.de/international/wor ... 82,00.html

Hi-res underwater video of gushing Gulf oil rig released
http://www.cnn.com/2010/US/06/08/gulf.o ... tml?hpt=T2

Gulf Oil Spill Could Widen, Worsen 'Dead Zone'
http://www.sciencedaily.com/releases/20 ... gle+Reader

Two More Gulf Spills?
http://motherjones.com/blue-marble/2010 ... ulf-spills

BP ADRs Plunging As Two Rumors Of Imminent Bankruptcy Hit Market
http://www.zerohedge.com/article/bp-adr ... hit-market

Without tax credit, home demand keeps slumping
http://finance.yahoo.com/news/Without-t ... et=&ccode=

The Housing-Market Recession Is Not Over
http://finance.yahoo.com/real-estate/ar ... et=&ccode=

MBA: Mortgage Purchase Applications decline 35% over last four weeks
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

The Phantom Recovery
http://www.financialsense.com/fsu/edito ... /0607.html

No 1 video of the year, Collapse Of The U.S. Dollar
http://beforeitsnews.com/story/73/696/N ... ollar.html

Iran & Turkey are the actual threat to the Arabs
http://www.analyst-network.com/article.php?art_id=3477

Iranian Government Releases Video of Nuclear Scientist Claiming He Was Kidnapped by the CIA
http://publicintelligence.net/iranian-g ... y-the-cia/

Iran’s Disappeared Nuclear Scientist: Video Points to Unlawful US Abduction
http://www.globalresearch.ca/index.php? ... leId=19625

For more insight on Iran....Google Operation AJAX...

Report: U.S.-Backed Shah’ist ‘Terror Group’ in Iran
http://littlealexinwonderland.wordpress ... p-in-iran/

Turkish Airforce bombs PKK in Iraq as Iranian troops reportedly enter territory
http://www.dailystar.com.lb/article.asp ... z0qGukkSPd

'Iranian ships won't reach Gaza'
http://www.jpost.com/Israel/Article.aspx?ID=177777

Osama bin Laden and top aides are hiding in Sabzevar, Iran
http://www.debka.com/article/8841/

...1st he was hiding in Afghanistan....and now he's hiding conveniently in Iran....I wonder which version of Osama this one is???

USNORTHCOM Gears Up For Potential Attack On U.S. Soil
http://theintelhub.com/2010/06/09/usnor ... -u-s-soil/

A-Okay To Change Sell-By Date On Expired Meat, Says New York State [UPDATED]
http://www.huffingtonpost.com/2010/06/0 ... 98484.html

You Couldn't Make This Up Dept.: "There's a Monolith on Mars' Moon, Phobos"
http://www.dailygalaxy.com/my_weblog/20 ... hobos.html

Blackwater founder to sell up as criticism takes its toll
http://www.independent.co.uk/news/world ... 94967.html

Bodies found in cave near Mexican resort of Cancun with hearts removed
http://www.argusleader.com/apps/pbcs.dl ... /100607001

Banned GM maize sown in Germany
http://news.bbc.co.uk/2/hi/world/europe/10254080.stm

Fertilizer purchase raises bomb fears
http://cnews.canoe.ca/CNEWS/Canada/2010 ... 11656.html

AP – Two chemical canisters missing not the ten reported last night
http://theintelhub.com/2010/06/08/ap-tw ... ast-night/

Clam boat pulls up canisters off NY, crew sickened
http://news.yahoo.com/s/ap/20100608/ap_ ... l_chemical

Judge rebuffs Christian in 'Marketing of Evil' lawsuit
http://www.wnd.com/?pageId=164493

...btw I highly recommend that book - "The Marketing of Evil"....definitely shed some tears in the section on abortion....

....wave of news now on the USS Liberty with Israel's latest flotilla attack....

Israel attack on USS Liberty (June 8th 1967)
http://www.redicecreations.com/article.php?id=11274

Israeli Air Force Attacked US Naval Ship... Years Ago, this story was rarely heard about and only recent events have brought it back to light
http://www.newworldorderreport.com/News ... light.aspx

The Attack on the USS Liberty: Lessons for U.S. National Security
http://www.veteranstoday.com/2010/06/09 ... -security/

Clemons: ‘Did I Read This Right? Brookings Scholar References Israel Attack on USS Liberty?’
http://www.veteranstoday.com/2010/06/09 ... s-liberty/

The Robert Kennedy Assassination
http://www.maryferrell.org/wiki/index.p ... assination

29% of Australian Bank Employees Worried about Ability of Customers to Repay Loans, 43% Pressured to Sell Products; Bernanke is Wishin' and Hopin'
http://globaleconomicanalysis.blogspot. ... nalysis%29

The Economic Crisis: Class Struggles Heat Up in Greece
http://www.globalresearch.ca/index.php? ... leId=19626

2 million public servants on strike in Spain
http://www.abc.net.au/news/stories/2010 ... 922107.htm

Europe Update: Strikes in Spain, UK Austerity, ECB Bond Purchases
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

20 Quotes About The Economic Collapse In Europe That Will Make Your Hair Stand On End
http://endoftheamericandream.com/archiv ... and-on-end

Europe's Horrendous Liquidity Just Got Even Worse (And Nonexistent In Spain)
http://www.zerohedge.com/article/europe ... tent-spain

Sarkozy, Merkel Urge Faster EU Curbs on Speculation (Update1)
http://www.bloomberg.com/apps/news?pid= ... 2TRA&pos=4

In 1980 there were 150 million European children. Now there are 110 million
http://www.dlc.org/ndol_ci.cfm?kaid=108 ... tid=255159

Eurasia highest volcano erupts in Russia's Far East
http://en.rian.ru/natural/20100607/159327856.html

The US-NATO "Arc of War" Stretches From Afghanistan to the Caspian Sea and the Caucasus
http://www.globalresearch.ca/index.php? ... leId=19624

No letup in Marine attempted suicides
http://www.usatoday.com/news/military/2 ... ides_N.htm

Hacker turns in US soldier over WikiLeaks Iraq video
http://www.guardian.co.uk/world/2010/ju ... eo-manning

US tests bio weapons on citizens
http://www.eutimes.net/2010/06/us-tests ... -citizens/

Pentagon Tightens Grip on the Obama Administration and the Intelligence Community
http://www.truthout.org/pentagon-tighte ... unity60239

NO AMERICAN LEFT ALONE!
http://www.newswithviews.com/iserbyt/iserbyt.htm

Thermal Energy Storage Device For Directed Energy Weapons Tested
http://www.spacewar.com/reports/Thermal ... d_999.html

A growing part of the Obama legacy
http://www.salon.com/news/opinion/glenn ... /08/legacy

Judicial Watch Obtains New FBI Documents Regarding ACORN Voter Fraud Investigation
http://www.judicialwatch.org/news/2010/ ... estigation

Voters' support for members of Congress is at an all-time low, poll finds
http://www.washingtonpost.com/wp-dyn/co ... ews&sub=AR

Heckled Nancy Pelosi -Supporters During Town Hall.flv
http://www.youtube.com/watch?v=F5pn2_x7 ... r_embedded

Special Forces, Rangers, Seals, and Force Recon Veterans will support and defend “THE CONSTITUTION”
http://oathkeepers.org/oath/2010/06/08/ ... stitution/

Spending fears threaten Dem agenda
http://www.politico.com/news/stories/0610/38234.html

Arizona Sells Supreme Court Building in 20 Year $300 Million Leaseback Deal for 3 Month's School Aid
http://globaleconomicanalysis.blogspot. ... nalysis%29

U.S. facing debt 'super cycle': $13trillion black hole to overtake country's GDP 'within two years'
http://www.dailymail.co.uk/news/worldne ... e-GDP.html

Charting The Treasury's Delusions: Tim Geithner's Latest Projections For US Public Debt
http://www.zerohedge.com/article/charti ... ublic-debt

Morgan Stanley On America's Biggest Challenge: Entitlement Spending
http://www.zerohedge.com/article/morgan ... t-spending

Bernanke Says Fed to Take Necessary Steps on Growth (Update2)
http://www.bloomberg.com/apps/news?pid= ... ed1Y&pos=1

Bernanke Fails His Own 'Two Lessons Learned' from the Great Depression
http://www.safehaven.com/article/17075/ ... depression

Banks refusing to buyback fraudulent mortgages from Freddie and Fannie
http://www.bankreorealestate.com/real-e ... annie.html

Fear must not blind us to deflation's dangers
http://us.ft.com/ftgateway/superpage.ft ... 1727196573

Children's quality of life declining, says report
http://www.cnn.com/2010/HEALTH/06/08/ch ... tml?hpt=T3

Dow October 1929 - October 1930 vs. 60 Minute S&P 500 Chart
http://globaleconomicanalysis.blogspot. ... nalysis%29

1911 with “Tactical Impact Spike”
http://www.thefirearmblog.com/blog/2010 ... rm+Blog%29

UK Royal Marines Get First Sharpshooter Rifles
http://kitup.military.com/2010/06/uk-ro ... ifles.html

UPDATE:

Alert Level Raised For Philippines' Taal Volcano
http://www.allheadlinenews.com/articles/7018931074

(Reuters) - A natural gas pipeline explosion in North Texas killed three people on Monday afternoon, according to a local official.
http://www.reuters.com/article/idUSTRE6565U120100607

Radiohead frontman: Music industry on verge of collapse
http://blogs.chron.com/celebritybuzz/20 ... indus.html

Senate hearing disrupted as woman pours liquid on self
http://rawstory.com/rs/2010/0609/senate ... rs-liquid/

Capturing more oil in Gulf raises more questions
http://finance.yahoo.com/news/Capturing ... et=&ccode=

Scientists Criticize BP’s Claims About How Much Oil It’s Siphoning
http://www.propublica.org/ion/blog/item ... oned#15256

Why Did The U.S. Refuse International Help on The Gulf Oil Spill?
http://www.zerohedge.com/article/why-di ... -oil-spill

Food Crops Threatened; Corrosion Occurring On Many Plants In The South – Updated 3:00pm eastern
http://theintelhub.com/2010/06/09/food- ... e-south-2/

California Nursery Sales Down More Than 15 Percent
http://www.greenhousegrower.com/news/?storyid=3471

....The stock market has now had 10 point moves in 4 out of 4 days....volatility increases risk!!! Bit of a decline today but nothing major.....and nowhere near what lies ahead!!!

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

TRITON Intelligence Report: Iranian Support for the Afghan Taliban
http://info.publicintelligence.net/TRITONafghaniran.pdf

Russia Says S-300 SAM Sale to Iran Will Go Through Despite New UN Sanctions
http://defensetech.org/2010/06/10/russi ... sanctions/

Ratcheting Up Rhetoric Towards China; South China Sea Emerging Hot Spot
http://defensetech.org/2010/06/10/ratch ... -hot-spot/

Flashpoints For Global War
http://neithercorp.us/npress/

FBI report: ACORN 'poverty pimpin'' for Democrats
http://www.worldnetdaily.com/?pageId=164621

New research: Electropollution can cause diabetes
http://www.infowars.com/new-research-el ... -diabetes/

Pentagon Acknowledges Downing of US Helicopter in Afghanistan
http://www1.voanews.com/english/news/us ... 74524.html

Taliban torch 50 Nato supply trucks on outskirts of Islamabad
http://www.guardian.co.uk/world/2010/ju ... s-pakistan

Gov’t and BP Unresponsive on Requests for Data on Sick Cleanup Workers
http://www.propublica.org/ion/blog/item ... kers#15265

Gulf Oil Syndrome
http://theintelhub.com/2010/06/10/gulf-oil-syndrome/

Evergreen Air is dropping chemicals over the oil spill
http://theintelhub.com/2010/06/09/everg ... oil-spill/

Corexit Sprayed By BP Tops 1 Million Gallons
http://www.veteranstoday.com/2010/06/10 ... n-gallons/
DISPERSANTS

Surface dispersant used: more than 800,000 gallons

Subsea dispersant used: more than 358,000 gallons

Total dispersant used: more than 1,158,000 gallons
http://www.deepwaterhorizonresponse.com ... 31/625331/

Gulf Oil Spill Sea Floor Collapse and Seabed Leaks May Prevent BP From Capping Well.
http://blog.alexanderhiggins.com/

Open for Questions: BP Oil Spill Tomorrow at 12:30 PM EDT
http://www.whitehouse.gov/blog/2010/06/ ... 230-pm-edt

Alberta sitting on nearly 1.5 trillion barrels, says ERCB
http://www.edmontonjournal.com/business ... z0qTIhdXtP

NYPD can keep surveillance documents on protesters secret, court rules
http://rawstory.com/rs/2010/0609/nypd-d ... rs-secret/

Left-Wing Icon Daniel Ellsberg: ‘Obama Deceives the Public’
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

The New Gulf of Tonkin: South Korean Torpedo Sunk ROK Warship
http://www.nowpublic.com/world/new-gulf ... ok-warship

Images of missile and cluster munitions point to US role in fatal attack in Yemen
http://www.amnesty.org/en/news-and-upda ... 2010-06-04

FBI: Mexican Troops Chased Border Patrol Agent
http://www.cbsnews.com/stories/2010/06/ ... 5723.shtml

Mexican police storm miner's strike
http://www.youtube.com/watch?v=A0dQgIU5 ... tube_gdata

Jerry Brown Flashback: We Need More Welfare and Fewer Jobs
http://biggovernment.com/mrichmond/2010 ... ernment%29

Monsanto's Monopoly
http://morphcity.com/home/71-food-and-d ... art-2-of-4

CRS Report: 94% of Senate Bills Passed in Secret
https://www.sott.net/articles/show/1631 ... -in-Secret

DeMint: Over 90% of Bills Passed Secretly With No Debate, No Vote
http://www.youtube.com/watch?v=2B751mhY ... r_embedded

Record Number of Foreclosed Homes Seized by Banks in May
http://www.totalmortgage.com/blog/mortg ... tle-5/4136

Chairman of Goldman Sachs International Was - Until Last Year - Also Chairman of BP
http://www.washingtonsblog.com/2010/06/ ... ional.html
Parties Clash as Albany Edges Closer to Shutdown

ALBANY — State officials began preparing on Wednesday for what they said would be the first government shutdown in New York history as prospects for the passage of another emergency budget bill grew cloudy.

With no agreement yet reached on a budget for the fiscal year that began April 1, the state has been relying on a series of emergency bills to stay in operation. But Republicans have voted uniformly against the last three bills. After the last vote, two Democratic senators said they would oppose the next emergency bill, suggesting that Senate leaders might not be able to muster enough votes to pass it.

As a result, administration officials have started huddling with their counterparts at the state comptroller’s office to work through the consequences of a shutdown, warning that if the Legislature fails to approve the next emergency budget bill, due on Monday, the state would face unprecedented chaos.

“We don’t have an answer to many of these questions because we’ve never shut down the government before,” said Robert L. Megna, the state budget director.

Without the ability to pay workers or even guarantee their salaries in the future, officials said, they could be forced to close down state agencies immediately after the last emergency bill expires on Monday. Administration officials said they were still searching for a legal mechanism to continue financing essential public safety services, like prisons and the State Police.
http://www.nytimes.com/2010/06/10/nyreg ... tml?src=me

Weekly Jobless Claims Fall 3,000
http://www.123jump.com/economy-story/We ... 000/39132/

Soros Says "Crisis Far From Over, We Have Just Entered Act 2"
http://www.zerohedge.com/article/soros- ... to+zero%29

U.S. Economy: Trade Deficit Widens as Imports, Exports Decline
http://www.bloomberg.com/apps/news?pid= ... UQqo&pos=2

Q1 Flow of Funds: Household Net Worth off $11.4 Trillion from Peak
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Q1 Flow Of Fund Indicates Ongoing Private Sector Credit Contraction, Consumer Wealth Growth Due Purely To Equities
http://www.zerohedge.com/article/q1-flo ... rowth-due-

RealtyTrac: 3.8 Million Foreclosure Filings in 2010
http://dailycapitalist.com/2010/06/09/r ... italist%29

Why Is U.S. Government Spending So Wildly Out Of Control?
http://endoftheamericandream.com/archiv ... of-control

Households cut their debt in the first quarter for the eighth quarter in a row, raising net worth at an annualized 8% to $54.6T - still down $11.4T from an early-2007 peak. Total debt rose 3.5%. Mortgage debt fell a record 3.8%.
http://federalreserve.gov/releases/z1/Current/z1.pdf
New Mortgage Applications at 13 Year Low

Inquiring minds are reading Overall mortgage application volume falls 12.2 percent.

The number of customers applying for a mortgage to purchase a property fell to the lowest level in 13 years last week, a sign the housing market is struggling without government incentives.

Purchase volume declined 5.7 percent and is at its lowest point since February 1997, the Mortgage Bankers Association said Wednesday.

"Purchase applications are now 35 percent below their level of four weeks ago, as homebuyers have not yet returned to the market following the expiration of the homebuyer tax credit at the end of April," said Michael Fratantoni, MBA's vice president of research and economics.
http://globaleconomicanalysis.blogspot. ... nalysis%29

Calling a Bear a Bear
http://online.barrons.com/article/SB127 ... BOL_hpp_dc

SEC Approves Stock Circuit Breaker Rules – Begins June 11 2010
http://blog.rebeltraders.net/2010/06/10 ... e-11-2010/

Financial Reform Bill to Be Finalized by Members Who Benefit from Wall Street Cash
http://www.opensecrets.org/news/2010/06 ... naliz.html

Monetary Policy and Eurozone Imbalances - The Demographic Transition and Asymmetric Shocks
http://edwardhughtoo.blogspot.com/2010/ ... cover.html

Hayek: The Intellectuals and Socialism
http://westernrifleshooters.blogspot.co ... alism.html

High Hurricane Activity Threatens Gulf Oil Production, Cleanup Efforts
http://www.minyanville.com/businessmark ... 0/id/28696

The Real Crisis of Our Times is What Crisis Does to Us
http://narcosphere.narconews.com/thefie ... is-does-us

RSA Animate - The Secret Powers of Time
http://www.youtube.com/watch?v=A3oIiH7B ... r_embedded

STEREO spacecraft catch comet diving into Sun
http://stereo.gsfc.nasa.gov/gallery/ite ... es&iid=125
New Brit Sharpshooter Rifle is “Hoofing”

I have no idea what hoofing means, but it is apparently what the British Army's new AR-10 style L129A1 is, as described by Commando Sergeant Baz Evans in a UK Ministry of Defense Press Release (via. Kit Up blog ) ...

"I have fired over 1,000 rounds on the rifle in training; accurately hitting targets over 800 metres away. The new Sharpshooter rifle provides quick and accurate fire, with the flexibility of using it in the assault rifle role as well. It’s hoofing."

Lewis Machine and Tool who manufacture the rifle had it prominently displayed at SHOT Show.
http://www.thefirearmblog.com/blog/2010 ... rm+Blog%29

UK Royal Marines Get First Sharpshooter Rifles
http://kitup.military.com/2010/06/uk-ro ... ifles.html

sawtest5.wmv
http://www.youtube.com/watch?v=RzlzsdG6 ... r_embedded

U.S. Military Prepares to Strike Rioting Unemployed American Workers
http://www.survivalistnews.com/2010/06/ ... n-workers/

Emergency Disaster And Terrorist Drills Begin In Chicago 6/14/10
http://stevenjohnhibbs.wordpress.com/20 ... ago-61410/

UPDATE:
Troops Invade Chicago (for Training)

The Illinois National Guard says more than 50 local, state, federal and private agencies will participate in the drill to learn how to respond to disasters. The five-day training exercise will run from Sunday through Thursday, June 17.

Officials with the Illinois National Guard say the event is a "full-scale exercise" and residents can expect to see emergency responders throughout the Chicago area "look and acting" as if it were a real disaster mission.

Officials say the practice events will include a simulated commercial airplane crash, simulated rail car evacuation and simulated terrorist attack.

Egads!
http://www.nbcchicago.com/news/local-be ... 47264.html

Henry Kissinger-Abdelaziz Bouteflika transcript, 1975
http://wikileaks.org/wiki/Henry_Kissing ... ript,_1975

Platform 23051 vs. Ocean Saratoga Rig - Not The Same Thing
http://blog.skytruth.org/2010/06/platfo ... kyTruth%29

The Hollywood Hypocrites – All But Invisible During Obama’s Oil Spill
http://www.floppingaces.net/2010/06/10/ ... ng+Aces%29

Carbon Cops: The EPA’s Assault on Your Freedom & Today’s Big Vote in the Senate
http://pajamasmedia.com/blog/carbon-cop ... he-senate/

Bill Gates Confronted on Eugenics by We Are Change
http://www.infowars.com/bill-gates-conf ... re-change/

EXCLUSIVE New Video Smuggled Out From Israel’s Flotilla Assault
http://deadlinelive.info/2010/06/10/exc ... a-assault/

Ballot Records Stolen During 2008 Elections Raises Suspicion
http://theintelhub.com/2010/06/10/ballo ... suspicion/

Strengthening NAFTA Ties and the Push Towards a Common Security Front
http://beyourownleader.blogspot.com/

June 8 (Reuters) - The U.S. debt will top $13.6 trillion this year and climb to an estimated $19.6 trillion by 2015, according to a Treasury Department report to Congress
http://www.reuters.com/article/idUSN088462520100608

Lawmakers consider N.Y. government shutdown
http://www.bizjournals.com/albany/stori ... ily33.html

Social Security At Mid-Year
http://www.zerohedge.com/article/social ... to+zero%29

Fitch sees $65 billion in U.S. bank losses on home equity in 2010
http://www.bankreorealestate.com/real-e ... -2010.html

Why the Main Street Economy Isn’t Getting Any Better
http://robertreich.org/post/684263264/w ... any-better
Debt Spreading 'Like a Cancer': Black Swan Author

The economic situation today is drastically worse than a couple years ago, and the euro is doomed as a concept, Nassim Taleb, professor and author of the bestselling book "The Black Swan," told CNBC on Thursday.

"We had less debt cumulatively (two years ago), and more people employed. Today, we have more risk in the system, and a smaller tax base," Taleb said.

"Banks balance sheets are just as bad as they were" two years ago when the crisis began and "the quality of the risks hasn't improved," he added.

The root of the crisis over the past couple of years wasn't recession, but debt, which has spread "like a cancer," according to Taleb, who is now relived that public attention has shifted to debt, instead of growth.

The world needs to prepare itself for austerity, he warned. "We need to slash debt. Unfortunately, that's the only solution," Taleb said.
http://www.cnbc.com/id/37610064

Afghanistan: Funding Both Sides
http://dissidentvoice.org/2010/06/afgha ... oth-sides/

US Retools Plan for Kandahar ‘Offensive’
http://www.military.com/news/article/us ... nsive.html

CIA Officer Explains New World Order's Demise
http://www.youtube.com/watch?v=8AIbBGi1 ... r_embedded#!

US Gets Tough, Not Crippling Iran Sanctions
http://www.military.com/news/article/us ... tions.html

Dubai's Tarnished Glitter
http://spectator.org/archives/2010/06/1 ... ed-glitter

Jack Abramoff's Money Still Casts Shadows as Fallen Lobbyist Is Transferred from Federal Prison to Halfway House
http://www.opensecrets.org/news/2010/06 ... still.html

Orly Taitz Loses CA Secretary Of State Bid But Gets 368,000 Votes
http://tpmmuckraker.talkingpointsmemo.c ... ckraker%29

Where The Hell Is The Outrage?
http://justanothercoverup.com/?p=1697

Deflationary Depression and Purging To Come
http://theinternationalforecaster.com/I ... ter.com%29

Salbuchi - Global Financial Collapse - Part 1
http://www.youtube.com/watch?v=UlDNMB6w ... r_embedded

Salbuchi - Global Financial Collapse - Part 2
http://www.youtube.com/watch?v=78ddURof ... r_embedded

David Bollier: What Financial Crisis?
http://www.guernicamag.com/blog/1813/da ... 2F+Blog%29

$13 Billion 30 Year Auction Closes At 4.182%, 2.87 Bid To Cover
http://www.zerohedge.com/article/13-bil ... -bid-cover

May Treasury Deficit Comes In At $135.9 Billion
http://www.zerohedge.com/article/may-tr ... 59-billion

Killer Chemtrails: The Shocking Truth
http://www.youtube.com/watch?v=Psdg3OAw ... r_embedded

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

US ‘desperately’ trying to keep Wikileaks from publishing US communications about Arab states
http://rawstory.com/rs/2010/0611/desper ... ab-states/

Anxious that Wikileaks may be on the verge of publishing a batch of secret State Department cables, investigators are desperately searching for founder Julian Assange. Philip Shenon reports
http://www.thedailybeast.com/blogs-and- ... ssive-leak

Pentagon Fears Wikileaks Founder Julian Assange Will Spill Secrets
http://abcnews.go.com/Technology/pentag ... d=10886655

Report: FBI to "arrest hundreds of people" next week for Mortgage Fraud
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Police say 12 confirmed dead in Arkansas floods
http://news.yahoo.com/s/ap/20100611/ap_ ... s_flooding

Small aftershock hits small northern Utah town
http://www.sltrib.com/news/ci_15277575?source=rss

Thousands of 'ice quakes' detected on Mount Rainier
http://www.king5.com/news/Thousands-of- ... 96979.html

China May inflation rises, industrial growth slows
http://finance.yahoo.com/news/China-May ... 8&ccode=rd

China Labor Unrest Spreads, Posing Challenge to Beijing
http://www.cnbc.com//id/37603782

Beach mayor: GOP ‘fool’ who denied disaster can ‘take a swim’
http://rawstory.com/rs/2010/0611/gop-ma ... ending-bp/

Oil shows up near Alabama beach resort town
http://edition.cnn.com/2010/US/06/10/al ... gle+Reader

Florida emergency officals go into battle mode as heavier oil hits Panhandle
http://www.palmbeachpost.com/news/state ... =rss_state

BP / Gulf Oil Spill - June 7 and June 9, 2010
http://blog.skytruth.org/2010/06/bp-gul ... kyTruth%29

New oil numbers may mean more environmental damage
http://news.yahoo.com/s/ap/20100611/ap_ ... _oil_spill

Another (Sigh) Increase in Estimate of Oil Flow
http://www.propublica.org/ion/blog/item ... flow#15278

New estimate: Up to 40,000 barrels a day was coming from BP well
http://edition.cnn.com/2010/US/06/10/gu ... tml?hpt=T1

Scientist Awed by Size, Density of Undersea Oil Plume in Gulf
http://www.nytimes.com/gwire/2010/06/08 ... 98517.html

Human rights group: BP discouraging crews from using respirators
http://rawstory.com/rs/2010/0611/rfk-ce ... spirators/

Witness statement says bosses knew Gulf oil rig disaster was 'gonna happen': report
http://www.nypost.com/p/news/national/w ... pxtDfCpO0K

Experts: Gulf Workers’ Levels of Chemical Exposure May Be ‘Perfectly Legal, but Not Safe’
http://www.propublica.org/ion/blog/item ... -not#15277

Toxic Corexit dispersant chemicals remained secret as feds colluded with Big Business
http://www.naturalnews.com/028974_Corex ... sants.html

BP to start burning captured Gulf oil at sea
http://www.google.com/hostednews/ap/art ... AD9G8G4PG1

....just add a little more pollution to the toxic brew....

RED ALERT! MSM reports "DOOMSDAY scenario" about new Oil Spill developments
http://www.youtube.com/watch?v=a_uMg84B ... r_embedded

Quayle – EXTREME ALERT — Gulf Coast Evacuation Contingency Plans Soon to Go Operational:
http://theintelhub.com/2010/06/11/quayl ... lert-gulf/

Guard readies as Gulf Coast braces for oil spill
http://www.army.mil/-news/2010/04/30/38 ... oil-spill/

Manufacturing and Trade Inventory-to-Sales Ratio: Inventory Adjustment Over
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Foreclosures Reach Record In May
http://dailycapitalist.com/2010/06/10/f ... italist%29

Australia: The Land Down Under(water in mortgage debt), pt. Deux: Which Banks to Short?
http://www.zerohedge.com/article/austra ... anks-short

Rising Global Imbalances Likely to Precipitate New Crises
http://www.nakedcapitalism.com/2010/06/ ... ahoo!+Mail

Japan's New PM Warns Country At "Risk Of Collapse" Under Massive Debt Load
http://www.zerohedge.com/article/japans ... -debt-load

World Bank sees 'double-dip' recession for parts of Europe
http://www.telegraph.co.uk/finance/econ ... urope.html

IMF Says Risks to Global Economy Have Risen `Significantly'
http://preview.bloomberg.com/news/2010- ... o-act.html

EU Takes Control of Europe's National Governments Budgets
http://www.redicecreations.com/article.php?id=11312

Banks With State Debt Ignore Not-If-But-When Default (Update1)
http://www.bloomberg.com/apps/news?pid= ... zdJ4&pos=4

Analyst to Money Managers: Take Your Cell Phones with You on Vacation; Greece Could Default in August
http://www.economicpolicyjournal.com/20 ... -your.html

U.S. Economy: Retail Sales Fall for First Time Since September
http://www.bloomberg.com/apps/news?pid= ... TXk4&pos=2

Retail Sales decline in May
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Freddie Mac: Mortgage rates hit low for year
http://www.google.com/hostednews/ap/art ... wD9G8FSG00

The Latest Data On Commercial Real Estate Loan Losses
http://dailycapitalist.com/2010/06/10/t ... italist%29

Will Anything Stop The Decline of CRE Prices?
http://www.zerohedge.com/article/will-a ... cre-prices

10 important real estate charts showing no housing recovery in 2010. Collapsing housing starts, Texas Ratio problems, construction spending at trough, and real estate equity evaporated.
http://www.doctorhousingbubble.com/10-r ... e+SoCal%29

Soros Says `We Have Just Entered Act II' of Crisis
http://preview.bloomberg.com/news/2010- ... pread.html

Big Risk: $1.2 Quadrillion Derivatives Market Dwarfs World GDP
http://www.dailyfinance.com/story/inves ... /19509184/#

THEY JUST DON'T GET IT! MICHAEL PENTO PREDICTS DOUBLE DIP 6-9-2010
http://www.youtube.com/watch?v=eK-J6E9j ... r_embedded

....IF they do QE II the man will be right. This is the fork in the road I've mentioned a time or two...

ECRI Leading Economic Index Drops To 44 Week Low, Predicts Massive Economic Contraction
http://www.zerohedge.com/article/ecri-l ... ontraction

Hispanics abandon Arizona, fleeing economy, immigration law
http://news.yahoo.com/s/csm/307229

45 killed, more than 600 wounded in Kyrgyz rioting
http://news.yahoo.com/s/ap/20100611/ap_ ... tan_unrest

Farmer fires home-made cannon to defend land
http://news.yahoo.com/s/nm/20100608/od_ ... ina_cannon

EPA Takes a Giant Leap Into Tyranny
http://www.morphcity.com/home/72-epa-ta ... to-tyranny

Ring of "Fire" (June 11, 2010)
http://soho.nascom.nasa.gov/pickofthewe ... 11jun2010/

Are there any reasonable explanations for spectacular sinkholes in China?
http://blogs.telegraph.co.uk/news/peter ... -in-china/

Study shows how radiation causes breast cancer
http://www.naturalnews.com/028959_radia ... ancer.html

How about some heavy metals with that protein drink?
http://blogs.consumerreports.org/safety ... tion-.html

New 'Red Dawn' to attack communism again! - The invaders this time are Chinese.
http://www.wnd.com/?pageId=164269

Keep U.S. Aircraft Carrier Out of Our Backyard, China Warns
http://english.chosun.com/site/data/htm ... 01307.html

Kandahar Offensive Postponed Until Fall: McChrystal
http://defensetech.org/2010/06/10/kanda ... cchrystal/

Thousands turn out for Tel Aviv gay pride parade
http://rawstory.com/rs/2010/0611/thousa ... de-parade/

Iceland passes gay marriage law in unanimous vote
http://news.yahoo.com/s/nm/20100611/wl_ ... marriage_2

B.C. couple shut down B&B after gay rights complaint
http://www.nationalpost.com/couple+shut ... gle+Reader

Democrats Seek to Lift Ban on Abortions at U.S. Military Hospitals Abroad
http://www.foxnews.com/politics/2010/06 ... gle+Reader

Prince of Wales calls for population control in developing world
http://www.telegraph.co.uk/news/newstop ... world.html

Yes, They Really Do Want To Reduce The Population – 22 Shocking Population Control Quotes From The Global Elite That Will Make You Want To Lose Your Lunch
http://endoftheamericandream.com/archiv ... your-lunch

Senate Panel Clears Judge Who Protects Child Sex Offenders
http://www.judicialwatch.org/blog/2010/ ... -offenders

The Strange Story of Sally Hartman
http://www.truth-out.org/the-strange-st ... rtman60306

Uncovered: Obama's mystery college years
http://www.wnd.com/?pageId=164745

Gibbs sidesteps Social Security question
http://www.wnd.com/?pageId=165225

Barack Obama announces $400m aid package to Gaza and West Bank
http://www.guardian.co.uk/world/2010/ju ... israel-aid

Obama Moves to Silence Gun Groups and Other Political Opponents
http://www.federalobserver.com/2010/06/ ... opponents/

Issues remain after walkout by 12K Minn. nurses
http://hosted.ap.org/dynamic/stories/U/ ... TE=DEFAULT

Video: Pelosi Says Jail “Very Fair” Punishment For Not Buying Health Insurance
http://blog.heritage.org/2009/11/13/vid ... insurance/

Census report shows huge increase in Hispanic population in past 10 years
http://www.svherald.com/content/news/20 ... t-10-years

California Now the Least-Educated State
http://www.prnewswire.com/news-releases ... 37369.html

Autopsy Shows Israel Executed Wounded, Worse Than Munich 1972
http://sabbah.biz/mt/archives/2010/06/0 ... +Report%29

Gates Criticizes Turkey Vote Against Sanctions
http://www.nytimes.com/2010/06/12/world ... 2nato.html

NIGERIA: Nigeria's agony dwarfs the Gulf oil spill. The US and Europe ignore it
http://www.corpwatch.org/article.php?id=15592

Iran's Gaza-bound ships ready for clash with Israel - Ahmadinejad
http://www.debka.com/article/8842/

Iran's defiant Green movement vows to fight on
http://www.guardian.co.uk/world/2010/ju ... rd-mousavi

US, France, UK practice aerial strikes in time with feeble sanctions against Iran
http://www.debka.com/article/8844/

New Violence in Kyrgyzstan Leads to Troop Deployment
http://www.nytimes.com/2010/06/12/world ... yrgyz.html

lee enfield sniper rifle (lego)
http://www.youtube.com/watch?v=H23HDHRV ... r_embedded#!

FAB Defense KPOS
http://doubletapper.blogspot.com/2010/0 ... eview.html

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

US Lawmakers Want to Criminalize Whistleblower Sites Over TSA Leak
http://wikileaks.org/wiki/US_Lawmakers_ ... r_TSA_Leak
Friday, 11-June-2010, 07:03 this morning, an earthquake shook at the Katla volcano in Iceland.

10 seconds later, a slightly larger magnitude earthquake struck.

10 minutes later another earthquake trembled followed by yet a fourth earthquake hours later.

As I was writing this, a fifth earthquake just popped off!

Update: Now a sixth earthquake has gone off – this one though, way over on the western edge of the glacier area – lots of excitement today…

2nd Update: There goes number seven!

Having been monitoring the earthquakes at Katla since mid May, these seven earthquakes are the most in one day so far. This is just my observation as an interested independent amateur, and there is no evidence of swarming at this time (could this be the beginning of a swarm?), but it is interesting to note today’s occurrence. The situation would potentially warrant the term, swarm, if the number of earthquake occurrences continue at this pace or if it increases over the coming days, in my opinion.

Map source data captured from Icelandic Meteorological office – rolling 48 hour Seismicity map

(While tracking the Myrdalsjokull map and table, the Katla-specific earthquakes are differentiated by observing the map and longitude while ignoring those beyond approximately -19.45, which are over on Eyjafjallajokull)

We must keep our eyes on this potential disruptive volcano, Katla, that historically erupts following the eruption of Eyjafjallajokull (which first erupted April 14). Katla is about 10 times more powerful, and has the potential to cause worldwide disruption.

I’ve been keeping a map record of the Katla earthquake locations since 17-May. It is interesting to note the buildup of earthquakes on the East-Northeast rim area. Time will tell. Stay tuned…

Update, Saturday, 12-June
Apparently 3 additional earthquakes registered as I slept last night as Katla remains shaky so far this morning as of 0730 Pacific Time.
http://modernsurvivalblog.com/natural-d ... valBlog%29

Could FEMA oversee BP claims process?
http://theintelhub.com/2010/06/12/fema- ... eurotoxin/

U.S. Coast Guard has authority over Homeland Security
http://labvirus.wordpress.com/2010/06/1 ... -security/

BP Blocking Media Access? New Orleans interview
http://www.youtube.com/watch?v=dZHnStD6 ... r_embedded

BP & Transparency.........Cleanup Crews Refuse To Talk To Anyone, Say They Are Ordered Not To
http://www.youtube.com/watch?v=AIELgvlc ... r_embedded

HEALTH ALERT: Gulf Oil Syndrome
http://www.youtube.com/watch?v=5SSIqbYj ... r_embedded

BP oil spill ruined my life, says Louisiana shrimp king
http://www.guardian.co.uk/environment/2 ... hrimp-king

From the Ground: BP Censoring Media, Destroying Evidence
http://www.huffingtonpost.com/riki-ott/ ... 08724.html

Reports: BP and government blocking coverage of oil damage
http://rawstory.com/rs/2010/0612/bp-off ... il-damage/

The Spill, The Scandal and the President: The inside story of how Obama failed to crack down on the corruption of the Bush years – and let the world’s most dangerous oil company get away with murder
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

Learn How Obama Obtained a Birth Record Registration in Hawaii while NOT being Physically Born in Hawaii! | by CDR Charles Kerchner on the Bill Cunningham Show
http://www.oilforimmigration.org/facts/?p=6926

BP Official Admits to Damage BENEATH THE SEA FLOOR
http://www.zerohedge.com/article/bp-off ... to+zero%29

17 Questions About The Gulf Of Mexico Oil Spill That We Desperately Need Answers To
http://thisistheendoftheworldasweknowit ... answers-to

'Knowing' Movie Knew About Oil Rig Explosion
http://www.youtube.com/watch?v=p5WISUqu ... r_embedded

FAA Imposes Flight Restrictions Over Oil Spill Area
http://cryptogon.com/?p=15900

BP Told to Step Up Containment
http://online.wsj.com/article/SB1000142 ... 31992.html

U.S. Gives BP 48 Hours to Boost Containment Capacity (Update2)
http://www.bloomberg.com/apps/news?pid= ... hWqA&pos=1

Governor: National Guard staging for “effort to evacuate” communities impacted by oil spill
http://www.floridaoilspilllaw.com/gover ... -oil-spill

Military drills throughout the United States.
http://theintelhub.com/2010/06/11/massi ... ed-states/

Saudi Arabia gives Israel clear skies to attack Iranian nuclear sites
http://www.timesonline.co.uk/tol/news/w ... 148555.ece

Israeli Military Attack on Iran This Summer?
http://theintelhub.com/2010/06/12/israe ... is-summer/

GORDON DUFF: ISRAEL-SAUDI WAR PACT ON IRAN “HOGWASH”
http://www.veteranstoday.com/2010/06/12 ... n-hogwash/

Saudi Arabia: We will not give Israel air corridor for Iran strike
http://www.haaretz.com/news/diplomacy-d ... bled=false

Saudis air corridor is open, US, Israel self-immobilized on Iran
http://www.debka.com/article/8845/

Brazil Slams UN Security Council Sanctions Resolution Against Iran
http://www.globalresearch.ca/index.php? ... leId=19669

UK PM says Twin Towers were BLOWN UP !!!
http://www.youtube.com/watch?v=W99ZKMsc ... r_embedded

Report: Japan bribed countries ‘with cash, prostitutes’ to keep whaling
http://rawstory.com/rs/2010/0612/japan- ... s-whaling/

Michael Jackson's brother says Michael was murdered as part of a Conspiracy
http://www.youtube.com/watch?v=HePmV9i1 ... r_embedded

A New and Controversial Book by a Firearms Expert May Finally Reveal the Definitive Truth in Kennedy's Assassination
http://www.lewrockwell.com/pr/jfk-murde ... xpert.html

Q1 2010: Mortgage Equity Withdrawal strongly Negative
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Oregon legislator reads CAFR, finds billions, ends budget deficit crisis; California can do same
http://www.examiner.com/x-18425-LA-Coun ... an-do-same

TARP Repayments Surpass Loans
http://online.wsj.com/article/SB1000142 ... 92016.html

N.Y. State "classic budgetary sleight-of-hand"
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

The Death Of Las Vegas
http://theeconomiccollapseblog.com/arch ... -las-vegas

Texas Sales Tax Collections Stagnating
http://globaleconomicanalysis.blogspot. ... nalysis%29

Unofficial Problem Bank List: 760 Institutions
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Friday Bank Closing Report
http://dailycapitalist.com/2010/06/11/f ... italist%29

Floods Take Heavy Toll in China
http://online.wsj.com/article/SB1000142 ... australian

Stricken teenage U.S. sailor rescued
http://www.reuters.com/article/idUSTRE6 ... ws&sp=true

Five Current and Former New Orleans Police Officers Charged in the Shooting and Burning of a New Orleans Man in the Days After Hurricane Katrina
http://neworleans.fbi.gov/dojpressrel/p ... 061110.htm

Deutsche Bank: ‘America’s Foreclosure King’ - How The US Became A PR Disaster
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

Greeks Preparing For A New Wave Of Anti-Austerity Riots
http://www.businessinsider.com/new-poll ... est-2010-6

Russia parliament votes to strengthen KGB successor
http://www.kyivpost.com/news/russia/detail/69373/

The Sobering State of North Korea
http://biggovernment.com/amellon/2010/0 ... ernment%29

Any hope in sight for Greece?
http://axisoflogic.com/artman/publish/A ... 0312.shtml

Should France Invade Greece?
http://dailycapitalist.com/2010/06/11/s ... italist%29

Cuts threaten huge slump in affordable new homes, housing associations warn
http://www.guardian.co.uk/politics/2010 ... -new-homes

Seven State Pension Plans Out of Money by 2020
http://globaleconomicanalysis.blogspot. ... nalysis%29

The Frog in the Frying Pan
http://www.safehaven.com/article/17118/ ... frying-pan

Below the Radar: HUD is Trying to Privatize and Mortgage Off All of America’s Public Housing
http://axisoflogic.com/artman/publish/A ... 0315.shtml

Commandos prepare for summits in the shadows
http://www.thestar.com/news/gta/toronto ... he-shadows

America's new culture war: Free enterprise vs. government control
http://www.washingtonpost.com/wp-dyn/co ... 01854.html

Mass Country Wide Closing and Layoffs
http://thecomingdepression.blogspot.com ... yoffs.html

Moody's: CMBS loan delinquencies keep increasing
http://www.zerohedge.com/article/moodys ... increasing

Stretching Molecules Yields New Understanding of Electricity
http://www.theepochtimes.com/n2/content/view/37284/

Code 3 Classic
http://10-8performance.blogspot.com/201 ... assic.html

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Update, Saturday, 12-June
Apparently 3 additional earthquakes registered between yesterday and today as Katla remains shaky so far this morning as of 0730 Pacific Time. Then quiet for most of the day.

Update, Sunday, 13-June
Again, 3 additional earthquakes leading into this morning, although this time followed by a fourth – the past several days have certainly been the most active.
http://modernsurvivalblog.com/natural-d ... valBlog%29

Is Tropical Wave Invest 92L In Danger Of Becoming A Hurricane Or Reaching The Gulf Of Mexico?
http://www.zerohedge.com/article/tropic ... to+zero%29
Lightning suspected in fire at North Carolina gasoline 'tank farm'

(CNN) -- Lightning strikes apparently caused a major fire at a gasoline pipeline company's "tank farm" in North Carolina early Sunday morning, fire officials said. The blaze started at Colonial Pipeline Company in Greensboro after midnight, said David Douglas, an assistant fire chief in Greensboro. A tank holding about 20,000 barrels of gasoline -- about half that tank's capacity -- caught fire.
http://www.cnn.com/2010/US/06/13/north. ... tml?hpt=T3

3-D Models of BP Oil Spill in Gulf of Mexico Made Using Ranger Supercomputer
http://www.sciencedaily.com/releases/20 ... 155723.htm

Oil Washing Up In Florida Like Wet Black Cement
http://www.youtube.com/watch?v=6d8Fqto4 ... r_embedded

BP Coughs Up Another Drop of Air Quality Data: Not Reassuring
http://switchboard.nrdc.org/blogs/gsolo ... of_ai.html

Under pressure, BP suddenly finds ‘quicker’ solution
http://rawstory.com/rs/2010/0614/bp-pla ... -official/

Read: BP’s Document on Workers’ Illnesses and Injuries, Little Mention of Chemical Exposure
http://www.propublica.org/ion/blog/item ... sure#15289

Oil Spill Estimates Go Higher and Higher …up to an Exxon Valdez Every 10 Days
http://www.allgov.com/Top_Stories/ViewN ... ays_100613

Gulf Oil Spill ‘Could Go Years’ If Not Dealt With
http://www.engdahl.oilgeopolitics.net/p ... 0Spill.pdf

The BP Oil Spill May Be Bad, But This Cover Up is Far More Deadly
http://axisoflogic.com/artman/publish/A ... 0320.shtml

Small businesses "collapse" around the Gulf
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

More Than 117 Dead in Kyrgyzstan Riots
http://publicintelligence.net/more-than ... tan-riots/

Kyrgyzstan: Violence spiralling ‘out of control’; Interim President Roza Otunbayeva asks Russia to send in troops
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

State Senate Democrats are assuring New Yorkers that there will not be a government shutdown today, as Albany lawmakers are set to vote on Governor David Paterson's latest emergency budget extender bill.
http://www.ny1.com/content/top_stories/ ... ender-bill

Volcker Warns: We Are Running Out Of Time
http://www.moneynews.com/StreetTalk/vol ... ode=A109-1

Europe’s Banks Face Second Funding Squeeze on Sovereign Crisis
http://www.bloomberg.com/apps/news?pid= ... eXq8&pos=2

Two Decades Of Greed - The Unraveling
http://www.zerohedge.com/article/guest- ... to+zero%29

Report: State and Local cutbacks may cut 0.25% from GDP
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Property Taxes Falling in Los Angeles County; Tax Revenues Will Plunge
http://globaleconomicanalysis.blogspot. ... nalysis%29

The Crisis In Detroit Is Worse Than A Recession
http://www.businessinsider.com/the-cris ... ion-2010-6

Baltic Dry Index Rolls Over
http://www.zerohedge.com/article/baltic ... rolls-over
When the New York Times runs a front page story suggesting that now is the time to buy gold and they quote Peter Schiff saying that paper money may become useless, is it time to buy, or a classic signal that the hype exceeds reality? Personally I think buying land, livestock and seeds might be a better bet…
http://www.disinfo.com/2010/06/left-and ... rmation%29

....I've been rattling on about this for some time now. I think Peter Schiff is a stooge for the elite! Here's another hyperinflation propaganda piece straight from the WSJ....
And yet—and yet!—the cold clarity of financial analysis points to an inescapable conclusion: There has never been a better time for people to borrow money, whether to buy financial assets or boost cash reserves.
http://finance.yahoo.com/banking-budget ... et=&ccode=

....heed the counsel of the prophets and you can't go wrong: 1) Get out of debt, 2) Food storage, 3) Water storage, 4) Cash for rainy day......and my personal recommendations - self defense items, food production capability, other production equipment for things people MUST have....

US emboldens Israel to kill Americans
http://www.presstv.ir/detail.aspx?id=13 ... =351020202

Iran's threats & Arab states' al-taqiyya stances
http://www.analyst-network.com/article.php?art_id=3483

Jordan's Nuclear Ambitions Pose Quandary for the U.S.
http://online.wsj.com/article/SB1000142 ... australian

Iran Provoking Israel
http://giveusliberty1776.blogspot.com/2 ... srael.html

Israel’s Leader Capital Markets CEO “Commits Suicide”
http://cryptogon.com/?p=15970

Election official: I'd testify Obama not born in Hawaii
http://www.wnd.com/?pageId=165981

Kagan Helped Bill Clinton Cover Up Scandals
http://www.judicialwatch.org/blog/2010/ ... r-scandals

City of Orange, Calif. Votes to 'Stands with Arizona'
http://www.numbersusa.com/content/news/ ... l#tabset-2

The Dying Corporate Media Vilifies Alex Jones, Rand Paul, & The Rising Rage Against The Empire
http://disquietreservations.blogspot.co ... -alex.html

MSNBC Hit Piece Smears Tea Party As Neo-Nazis
http://www.prisonplanet.com/msnbc-hit-p ... nazis.html

Gaza Aid Ship Departs Iranian Port
http://www.infowars.com/gaza-aid-ship-d ... nian-port/

SKorea Top Officer Retires Over Sinking
http://www.military.com/news/article/sk ... nking.html

G20 – Meeting of the Global Elite
http://theintelhub.com/2010/06/14/g20-m ... bal-elite/

Chicago terror drills update
http://theintelhub.com/2010/06/13/chica ... ls-update/

U.S. Military has Special Ops “Boots on the Ground” in Mexico
http://narcosphere.narconews.com/notebo ... %9D-mexico

China’s Military Threatens America: ‘We Will Hurt You’
http://pajamasmedia.com/blog/china%E2%8 ... -hurt-you/

U.S. Identifies Vast Riches of Minerals in Afghanistan
http://www.nytimes.com/2010/06/14/world ... wanted=all

Holy Cow, We Hit The Mother Lode In Afghanistan!
http://www.businessinsider.com/1-trilli ... its-2010-6

Gov't Geologist Spoke Of Vast Economic Benefit Of Afghan Minerals -- Over Two Years Ago
http://tpmmuckraker.talkingpointsmemo.c ... ckraker%29

Report: Pakistan Is Funding, Training Taliban in Afghanistan
http://www.foxnews.com/world/2010/06/13 ... port-says/

...for a little more insight on the Pakistani ISI, Afghanistan, and the rest of the middle east.....read up on The Safari Club created by George HW Bush and the Saudis....here's a link to get you started -
http://yophat.blogspot.com/2009/01/paki ... ction.html

Narcotics: The Best-Known Afghan Business
http://www.globalresearch.ca/index.php? ... leId=19715

Karzai Green-Lights Kandahar Operation
http://www.military.com/news/article/ka ... ation.html

The Afghan War nears end with Pakistan-aided Taliban victory
http://www.debka.com/article/8846/

Vietnam, 35 years later
http://www.boston.com/bigpicture/2010/0 ... later.html

Sunday: 36 Iraqis Killed, 64 Wounded
http://original.antiwar.com/updates/201 ... 4-wounded/

Explosions And Gunfire At Iraq Central Bank Leave 15 Dead, 40 Injured
http://www.zerohedge.com/article/explos ... to+zero%29

OpenSecrets.org Shines More Light on the Politicking of Koch Industries, Northrop Grumman, Anheuser-Busch and More
http://www.opensecrets.org/news/2010/06 ... ht-on.html

Boldly going nowhere: Nasa ends plan to put man back on Moon
http://www.timesonline.co.uk/tol/news/s ... 149543.ece

The end of the world as we know it
http://www.independent.co.uk/news/scien ... 99537.html

Lady Gaga’s “Alejandro”: The Occult Meaning
http://vigilantcitizen.com/?p=3979

No Escape from the Medicare Cage
http://www.campaignforliberty.com/article.php?view=935

The Fourth and Stealth “Branch” of Governance: Presidential Executive Orders
http://vactruth.com/2010/06/14/fourth-s ... ve-orders/

Union-Backed Democrats Take Aim at Bloggers, Tea Party Activists and NRA Members
http://biggovernment.com/laborunionrepo ... ernment%29

Obama pleads for $50 billion in state, local aid
http://www.washingtonpost.com/wp-dyn/co ... 52_pf.html

Obama: Oil spill ‘echoes 9/11,’ will change America’s course
http://rawstory.com/rs/2010/0613/obama- ... choes-911/

Homeland Security's Cyber Bill Would Codify Executive Emergency Powers
http://www.theatlantic.com/politics/pri ... ers/57946/

FAA Pressured to Open US Skies to Drones
http://www.military.com/news/article/fa ... rones.html

......BG posted this (the EO on healthcare) also and I think it bears an addition here for those that might not catch it elsewhere....

Barry Soetoro, Imposter in Chief, Implements CODEX ALIMENTARIUS by Executive Order in the U.S.!
http://survivingthemiddleclasscrash.wor ... n-the-u-s/

Executive Order-- Establishing the National Prevention, Health Promotion, and Public Health Council
http://www.whitehouse.gov/the-press-off ... lic-health

....Holyhabanero put this up and I'll add it here for those that didn't catch it.....

NATIONAL SECURITY STRATEGY May 2010
http://www.whitehouse.gov/sites/default ... rategy.pdf

some analysis -
http://www.youtube.com/watch?v=LJvYkvnp ... r_embedded

UPDATE:

Everyman’s gas well in a can, a distributed solution
http://www.greaterdemocracy.org/archives/983
http://www.greaterdemocracy.org/wp-cont ... ution-.pdf

Red Butte oil spill may be 33,000 gallons; theory pursued about cause
http://www.deseretnews.com/article/7000 ... cid=rss-30

UPDATE 2:
BP / Gulf Oil Spill - Memo Shows BP's Spill Rate Calculations

Dr. Ian MacDonald at Florida State University just provided us with this BP memo detailing the spill-rate calculations performed by BP. Click it to see the full-sized version. We guess this is how BP came up with their very low estimated leak rates of 42,000 gallons (1,000 barrels) and 210,000 gallons (5,000 barrels) per day. The official estimated leak rate now stands at 20,000-30,000 barrels per day (and possibly much higher).
http://blog.skytruth.org/2010/06/bp-gul ... kyTruth%29

Disaster Preparedness Binder
http://modernsurvivalblog.com/preps/dis ... valBlog%29

Chemtrail Plague? Mystery Crop Damage Threatens Hundreds Of Acres (TN)
http://deadlinelive.info/2010/06/14/che ... -acres-tn/

BP Crop Dusting U.S. Population Under the Cover of Night
http://theintelhub.com/2010/06/14/bp-cr ... -of-night/

A Gusher of Light Sweet Terror
http://www.veteranstoday.com/2010/06/14 ... et-terror/

BP engineer called doomed rig a 'nightmare well'
http://news.yahoo.com/s/ap/20100614/ap_ ... washington

The 51st Police State: U.S. National Guard being used to ‘fight crime’ in Puerto Rico
http://deadlinelive.info/2010/06/14/the ... erto-rico/

U.S. Pays $400 Million in Bonuses to Federal Employees
http://biggovernment.com/publius/2010/0 ... ernment%29

Pakistan spy agency controls the Taliban and plans attacks
http://www.telegraph.co.uk/news/worldne ... tacks.html

....see note and link on The Safari Club above....

Unemployment Extension:N.J.-OH-CA-MI-Everybody Is Hurting
http://www.usmoneytalk.com/finance/unem ... rting-906/

61% Underfunded Illinois Teachers Pension Fund Goes For Broke, Becomes Next AIG-In-Waiting By Selling Billions In CDS
http://www.zerohedge.com/article/61-und ... to+zero%29

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Schultz: Deflation Now, Hyperinflation Soon
http://www.moneynews.com/StreetTalk/har ... ode=A109-1

....of course some claim we never had deflation and just call the housing bust a misallocation of resources.....while yet others say oh we've had a little deflation but now hyperinflation is upon us....and most of them ignore the fact that we've had at least a good 10 to 15 years of inflation ('95-'07) caused by the rapid accumulation of debt for which we currently are having great difficulty servicing (debt saturation) and when a person, city, state, or country hits that point.....additional debt only accelerates the time to default. For example, in Q4 '09 it took $5 of debt to increase GDP by .20 cents.......and in Q1 '10 it went negative so each additional dollar of debt actually decreases GDP.

So you go back to the fundamental economic principle of supply/demand and basically the demand for debt is collapsing thus collapsing the money created by debt which is what our current system is founded on.
There are numerous signs now that the endless so-called stimulus attempts of the Obama administration are being politically challenged. Here we see a proposal to bailout the States with $50 billion more; however, this one’s fate is already in doubt.
Albany Evades Shutdown, Resolution On State Budget

New York state lawmakers averted a government shutdown yesterday, but a state budget is 76 days late. The State Senate passed Governor David Paterson's latest emergency extender bill last night by 32-27 vote.
http://www.ny1.com/content/top_stories/ ... ate-budget

‘Double dip’ decline seen for housing
http://lansner.ocregister.com/2010/06/1 ... ing/68513/

Home demand off 20% without tax break
http://lansner.ocregister.com/2010/06/1 ... eak/68713/

The BoomBustBlog Pan-European Sovereign Debt Crisis Bankruptcy Search
http://www.zerohedge.com/article/boombu ... tcy-search

Pimco Cuts Half Its Gold Exposure, Says US AAA Rating Could See A "Lot Of Stress" Within 3 Years
http://www.zerohedge.com/article/pimco- ... in-3-years

Fannie Mae And Freddie Mac Worst Case Scenario Is $1 Trillion!
http://www.infiniteunknown.net/2010/06/ ... Unknown%29

Economists consider tearing down homes to protect U.S. housing market
http://www.bankreorealestate.com/real-e ... arket.html

"UK" Holdings Of US Treasuries Go Exponential, As Foreigners Now Hold $3.96 Trillion Of American Debt
http://www.zerohedge.com/article/uk-hol ... rican-debt

Budget 2010: Britain's debt levels rising faster than expected, OBR forecast will show
http://www.telegraph.co.uk/finance/fina ... -show.html

EU Draft Says Spain And Portugal Need Far More Deficit Cuts, Warns Of Debt "Snowball" Effect, Sends Portuguese Spreads Wider
http://www.zerohedge.com/article/eu-dra ... fect-sends

To Illinois Residents: Move. Now.
http://market-ticker.org/archives/2407- ... -Now..html

153. We Ain’t Seen Nothin’ Yet
http://www.lewrockwell.com/lewrockwell- ... hin-yet-2/

Glimpses of the End Game
http://www.moneyandmarkets.com/glimpses ... 1?FIELD9=2

Big Pharma lies about statin drugs finally exposed in British Medical Journal
http://www.naturalnews.com/028988_stati ... fects.html

Commonly used blood pressure drugs 'increase cancer risk'
http://www.telegraph.co.uk/health/healt ... -risk.html

Mexico’s Proposed Police Force Model Requires Impetus
http://www.mexidata.info/id2696.html

Roughly 6.2 Million Mexicans Express Desire to Move to U.S.
http://www.gallup.com/poll/139391/Rough ... -Move.aspx

Over The Weekend: Mexico's Bloodiest Day; Open Transit of Migrants Urged
http://www.rightsidenews.com/2010061510 ... urged.html

B.P. Suppressing Evidence! Riki Ott Amazing Interview!
http://www.youtube.com/watch?v=Dvd-rpvO ... r_embedded

Expert suggests BP is hiding oiled animal carcasses
http://rawstory.com/rs/2010/0615/expert ... carcasses/

BP Hires Mercs to Block Oily Beaches (Updated)
http://www.wired.com/dangerroom/2010/06 ... z0qvj9xeZw

HEALTH ALERT: Deadly Clouds Of Gas Blowing Onshore From Oil Leak & Workers Getting sick
http://www.federaljack.com/?p=16015

Benzene And Hydrogen Sulfide: The Real Dangers From The Gulf Of Mexico Oil Spill?
http://endoftheamericandream.com/archiv ... -oil-spill

BP Death Clouds Already Onshore! Benzene-3400ppb & Hyrdrogen Sulfide-1200ppb TOXIC AIR ALERT
http://www.youtube.com/watch?v=eGxGVGiD ... r_embedded
THEODORE, Ala. – In a newly optimistic tone, President Barack Obama promised Monday that "things are going to return to normal" along the stricken Gulf Coast and the region's fouled waters will be in even better shape than before the catastrophic BP oil spill.

He declared Gulf seafood safe to eat and said his administration is redoubling inspections and monitoring to make sure it stays that way.
http://news.yahoo.com/s/ap/20100614/ap_ ... pill_obama

Congressional report clears ACORN of wrongdoing — after group forced to disband
http://rawstory.com/rs/2010/0615/prelim ... ars-acorn/

Robert Gibbs doesn’t know if Obama was born in the United States
http://www.ihatethemedia.com/robert-gib ... ted-states

US dumping toxic brew in Iraq
http://www.presstv.ir/detail.aspx?id=13 ... =351020201

BP: It’s Not a Contest Between the US and Britain; It’s a Contest Between Citizenship Interests and Shareholder Interests
http://robertreich.org/post/698686991/b ... ritain-its
Now, facing the possibility that oil from the Deepwater Horizon spill could arrive on its reefs and beaches in the coming weeks, many in the Florida Keys are once again angry about perceived fools and bureaucrats. In particular, they’ve watched how BP has monopolized and, in the eyes of many, mismanaged the oil cleanup in the northern Gulf of Mexico and are frantically trying to organize an independent local response.(See pictures of the oil spill.)

“We cannot wait. We have to be prepared,” says Dan Robey, whose website KeysSpill.com has gathered 4,000 volunteers, including 300 boat captains, who have offered to help before and after any potential arrival of oil. As Patrick Rice, dean of marine science and technology at Florida Keys Community College, puts it, “We will not allow the inept responses that have been happening up north to happen here.”

But there’s a problem with their plans for grass-roots activism: BP (and the Deepwater Horizon’s Unified Command, which BP runs with the Coast Guard and other agencies) has so far insisted on complete control of the cleanup operations. A BP spokesman told TIME that the only appropriate way for interested boat captains to become involved would be to register with the Unified Command’s Vessels of Opportunity program. Never mind that according to BP’s numbers, only a third of the 7,200 boats “under contract” through the program are in active service. Robey says captains in the Keys haven’t even been able to register. “It’s a joke, a total joke,” he says. “Our people have called them for over a month. They don’t return phone calls.” (Watch TIME’s video “Portraits from the Oil Spill.”)
http://stevenjohnhibbs.wordpress.com/20 ... anup-plan/

Long ribbons of orange-brown oil spotted 4 miles off Tampa Bay coast
http://www.floridaoilspilllaw.com/long- ... nds-photos

Army Plans $100 Million Special Ops HQ in Afghanistan
http://www.wired.com/dangerroom/2010/06 ... ghanistan/

The Next Generation May be 'Chipped'
http://www.pcworld.com/article/198664/t ... ?tk=hp_new

What's wrong with the sun?
http://www.newscientist.com/article/mg2 ... e-sun.html

Nasa warns that solar flares from space storm will cause destruction
http://theintelhub.com/2010/06/15/nasa- ... struction/

Electronic Armageddon? Congress Worries That Solar Flares Could Spell Disaster
http://www.foxnews.com/scitech/2010/06/ ... gle+Reader

Kamchatka volcano shows signs of activity - scientists
http://english.ruvr.ru/2010/06/13/9717580.html

Israel used Mavi Marmara sister ship in all Gaza flotilla FOOTAGE !!.
http://deadlinelive.info/2010/06/15/isr ... a-footage/
Pyongyang threatens ‘sea of fire’

The South Korean military beefed up security alerts yesterday, a day after North Korea again threatened to turn the South into a “sea of fire.”

The threat - which has been heard before in Pyongyang’s hostile rhetoric - followed South Korea’s installation of 11 loudspeakers along the military border.

The installation is the first step in a plan that may see the resumption of radio propaganda broadcasts for the first time since 2004.

The North’s Korean Central News Agency said on Saturday “the attempt to resume the psychological warfare” is tantamount to a “full-out war declaration,” that will bring about “military attacks on all battle fronts.”
http://joongangdaily.joins.com/article/ ... id=2921787

Apparent major terrorist attack thwarted at big US base in Florida
http://www.debka.com/article/8849/

UPDATE:

....mother nature wreaking havoc with collection efforts....

BP: Ship fire halts oil capture in Gulf
http://news.yahoo.com/s/ap/20100615/ap_ ... spill_fire

Power Blackouts And Water Shortages Threaten Florida
http://www.zerohedge.com/article/power- ... en-florida

An Introduction to Drilling Offshore Oil Wells
http://www.treesfullofmoney.com/?p=1610

....best analysis I've seen on the spill - thank you scrapbear....
http://www.theoildrum.com/node/6593/648967

BP E-mails Show Decisions Pre-Blast to Save ‘Lots of Time’ and Money
http://www.propublica.org/ion/blog/item ... mill#15301
President Obama: BP Spill Is An 'Assault'

To rousing applause from military personnel, Barack Obama has insisted that BP will be pursued over the oil spill "assault" making landfall on Florida's pristine shores. Mr Obama said that although only a fraction of the 27,000 national guardsman ordered to help have been deployed so far, thousands more will soon help thwart the slick.

Mr Obama linked the environmental challenge America faces to its struggle with ongoing wars it is fighting abroad.

"This is an assault on our shores and we are going to fight back with everything we've got... we will be fighting back with the greatest military in the world," he said.

"I am going to speak to the nation tonight about this," he said.

Mr Obama will give his first speech from the Oval Office to the American people over the issue facing the country and is expected to talk further about BP's responsibilities.
http://uk.news.yahoo.com/5/20100615/twl ... d0ae9.html
Bold and Underline mine

Detailing the G20 “security” pork fund
http://theintelhub.com/2010/06/15/detai ... pork-fund/

Confidential PG&E SmartMeter Presentations
http://publicintelligence.net/confident ... entations/

A Suggested Survival List
http://www.infowars.com/a-suggested-survival-list-2/

Vic Rawl: ‘Systemic’ failures in South Carolina voting systems
http://rawstory.com/rs/2010/0615/vic-ra ... na-voting/

.....is the last single thread - the franchise to vote.....showing signs of breaking???

“Our great Constitution has been beaten and torn until now it hangs by a single thread, and that thread is our franchise to vote.” (Ezra Taft Benson, Freeman Institute, Provo, Utah, 1976.)

Is a Hollywood liberal conspiracy keeping 'Red Dawn' away from theaters?
http://latimesblogs.latimes.com/the_big ... ters-.html

Unusual Trading in Stock Options Prior to 9/11: Government Destroyed Documents Regarding Pre-9/11 Put Options
http://www.globalresearch.ca/index.php? ... leId=19750

Fed Sells $1.15 Billion of Term Deposits in Auction (Update2)
http://www.bloomberg.com/apps/news?pid= ... VITA&pos=2
Here Come The Threats: Europe

You knew it was just a matter of time....

Democracy could ‘collapse’ in Greece, Spain and Portugal unless urgent action is taken to tackle the debt crisis, the head of the European Commission has warned.

In an extraordinary briefing to trade union chiefs last week, Commission President Jose Manuel Barroso set out an ‘apocalyptic’ vision in which crisis-hit countries in southern Europe could fall victim to military coups or popular uprisings as interest rates soar and public services collapse because their governments run out of money.

How did that happen? Was it someone else's fault? Was it some "exogenous" event? Some natural catastrophe?

Or was it profligate spending, handouts and bailouts, promises made to public employee unions and intentional, willful and wanton bubble-blowing?

And by the way, how does a "popular uprising" destroy a representative government? That happens when the government stops representing the governed, doesn't it - and if that has happened you don't have a "democracy" any more, you have a ruling junta, whether you call it that or not.

The people always reserve, as a matter of fundamental human rights, to cast off - by peaceful means if possible, by other means if necessary - any government that has failed to be representative and/or responsive any longer. Doubt me? Go read The Declaration of Independence:

That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness.

Not my words folks.

Those of brave men who lived more than 200 years ago. The United States of America exists because of those words - and brave men.

Don't ever forget it, or you'll get to relearn it.
http://market-ticker.org/archives/2408- ... urope.html

Stuck in place
http://www.economist.com/blogs/freeexch ... _markets_0
PHILADELPHIA – City lawyers called on local Boy Scout officials to muster "the courage of their convictions" and challenge their national group's ban on gays as a trial over government funding opened Tuesday.

The city of Philadelphia wants to end its $1-a-year lease to the local Boy Scouts chapter unless it rejects a Boy Scouts of America policy banning "avowed" gays. The city says the national rule violates a local law banning discrimination on sexual-orientation and other grounds.
http://news.yahoo.com/s/ap/20100615/ap_ ... s_eviction

Trace oil amounts detected in Great Salt Lake
http://www.deseretnews.com/article/7000 ... cid=rss-30

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Explosives found in vehicle at Army base in Ga.
http://news.yahoo.com/s/ap/us_fort_gordon_explosives
“Whoever is careless with the truth in small matters cannot be trusted with the important matters.” ~ Albert Einstein

April data on foreign holdings of US Treasuries has arrived on the scene. Foreigners increased their stake to $3.96 trillion, or 47% of total marketable Treasury debt.
Fed dodges bullet as House drops audit idea
http://www.msnbc.msn.com/id/37718285/ns ... _business/

New York Fed’s New Powers May Come With Less Autonomy (Update1) - June 15 (Bloomberg) -- The Federal Reserve Bank of New York, which carried out central-bank rescues of money markets and Wall Street firms, is poised to have its powers expanded even more -- at the risk of reduced independence.
http://www.bloomberg.com/apps/news?pid= ... QsYE&pos=6

The Federal Reserve Warns About The Dangers Of The... Federal Reserve
http://www.zerohedge.com/article/federa ... to+zero%29

It's Official: Fed Governors Are Starting To Worry About A Double Dip
http://www.businessinsider.com/its-offi ... dip-2010-6

14 Reasons Why The U.S. Government Will Never Have A Balanced Budget Ever Again
http://endoftheamericandream.com/archiv ... ever-again

Christie orders planning for government shutdown - TRENTON - Gov. Christie has ordered cabinet members to begin planning for a government shutdown in case the state budget is not approved by the July 1 deadline.
http://www.philly.com/inquirer/local/nj ... z0qx22UKOK

At a meeting with legislative leaders today, Governor David Paterson pledged to have a state budget passed by Monday, June 28 or said that he would put all the elements of the budget into emergency extender bills.
http://www.ny1.com/content/news_beats/p ... y-june-28/

Midnight Tuesday night was the constitutional deadline for California’s legislature to pass a state budget. The legislature had to come up with a plan that closes a $19 billion deficit. That plan is a long way from getting done.
http://www.scpr.org/news/2010/06/16/cal ... deadline-/

California Considers Rate Increases - Board members of California's largest public pension fund said Tuesday they are likely to take more money from the state general fund to pay employee pension benefits, a proposal that has led to criticism at a time when the state faces a $19 billion deficit.
http://www.zerohedge.com/article/califo ... -increases

The Virginia General Assembly may need to reopen the state's two-year budget to reverse cuts to Medicaid eligibility that appear to violate provisions of the new federal health care law.
http://voices.washingtonpost.com/virgin ... _matc.html

New Mexico businesses will pay more taxes come January 1, 2011. State officials said they have no choice because more people than expected need unemployment insurance and they need it longer.
http://www.krqe.com/dpp/news/business/n ... more-taxes

Oregon's economy is stuck in neutral, with employment and unemployment both stalled and no big industry poised to give the state a shove. The seasonally adjusted unemployment rate remained at 10.6 percent in May, officials said Tuesday, the same as in March and April -- and essentially unchanged for seven months.
http://www.oregonlive.com/business/inde ... _in_n.html

State warns that many will see unemployment insurance payments stopped
http://www.centralvalleybusinesstimes.c ... /?ID=15483

Employer health care costs to jump 9% in 2011
http://money.cnn.com/2010/06/14/news/ec ... gle+Reader

Housing starts fell 10 percent, the biggest decline since March 2009, according to figures from the Commerce Department.
http://www.bloomberg.com/apps/news?pid= ... mKjI&pos=2

Total housing starts were at 593 thousand (SAAR) in May, down 10% from the revised April rate of 659,000 (revised down from 672 thousand), and up 24% from the all time record low in April 2009 of 477 thousand (the lowest level since the Census Bureau began tracking housing starts in 1959).
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

MBA: Mortgage Purchase Applications increase slightly, near 13 Year Low
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

Toxic Pension and Municipal Bonds; State and Local Borrowing Hits All-Time High
http://globaleconomicanalysis.blogspot. ... nalysis%29

More than 90 U.S. banks miss May TARP payments - Third straight rise in number of banks missing payments
http://www.reuters.com/article/idUSN1615368020100616

Shadow Inventory to Take 3 Years to Clear: Standard & Poor's
http://www.housingwire.com/2010/06/15/s ... o-clear-sp

A Peak Point - "The Housing Market Is About To Take Another Tumble"
http://www.zerohedge.com/article/guest- ... her-tumble

As If A Million HFT Frontrunning Voices Cried Out And Were Suddenly Silenced: Fannie And Freddie To Delist From The NYSE - The two stocks that have been a perennial churn magnet for every liquidity-rebate collecting, and predatory HFT algorithm in existence, and on occasion have amounted to 20% of total market volume, have been halted and are announcing their intention to delist from the NYSE after receiving a directive from the FHFA.
http://www.zerohedge.com/article/if-mil ... -freddie-d

Obama Sells Economic Snake Oil
http://www.humanevents.com/article.php?id=37519

The Biggest Earmark: Empire
http://www.campaignforliberty.com/article.php?view=942

Sheriff: Mexican Drug Cartels Now Control Parts of Arizona
http://www.youtube.com/watch?v=9HzD3GPpCqI

Australian farmers brace for worst locust plague in 40 years
http://www.telegraph.co.uk/news/worldne ... years.html

Why Does Everyone Believe Spain Is About To Run To the EU/IMF For Help? It’s Math, Not Speculation!
http://www.zerohedge.com/article/why-do ... to+zero%29

Nightmare vision for Europe as EU chief warns 'democracy could disappear' in Greece, Spain and Portugal
http://www.dailymail.co.uk/news/worldne ... tugal.html

Jon Stewart: "Your campaign was premised on reigning in presidential power. WHAT HAPPENED??"
http://reason.com/blog/2010/06/16/jon-s ... mpaign-was

Disaster Compounds As Obama Blows Smoke to Calm the Sheep
http://theintelhub.com/2010/06/15/the-d ... the-sheep/

Army disses officer challenging Obama
http://www.wnd.com/?pageId=167005

You'll never guess what Obama saw at Gulf - Motorcade drove past electronic billboard: 'Where's the birth certificate?'
http://www.wnd.com/?pageId=167341

Oil estimate raised to 35,000-60,000 barrels a day
http://www.cnn.com/2010/US/06/15/oil.sp ... tml?hpt=T1

Scientists: Oil leaking up to 2.52M gallons daily
http://news.yahoo.com/s/ap/us_gulf_oil_spill_flow

16 Burning Questions About The Gulf Of Mexico Oil Spill That We Deserve Some Answers To
http://theeconomiccollapseblog.com/

Gulf Coast Disaster, Is it The Perfect Storm?
http://theintelhub.com/2010/06/15/gulf- ... ect-storm/

Mysterious illness plagues Gulf oil disaster workers
http://www.woai.com/news/local/story/My ... fSR4w.cspx

States’ Tally of Spill Worker Illnesses Exceeds BP’s Total
http://www.propublica.org/ion/blog/item ... t-bp#15308

Plan to Burn Excess Oil From BP Well Raises Health Questions
http://www.truth-out.org/plan-burn-exce ... tions60389

Evacuations for Gulf Coast residents? Benzene and methane poisoning air, threatening health
http://7bends.com/2010/06/10/evacuation ... residents/

Urgent: Unexplained Multi-State National Guard Mobilizations Raising All Sorts Of Red Flags
http://patdollard.com/2010/06/urgent-un ... red-flags/

Obama to create 'Gulf recovery czar': spokesman
http://www.google.com/hostednews/afp/ar ... VWUvq0K4jg

Gassed in the Gulf (Part I)
http://www.examiner.com/x-10438-Human-R ... evacuation

Gassed in the Gulf (Part II) Toward Full Spectrum Dominance
http://www.examiner.com/x-10438-Human-R ... on-Part-II

BP oil spill Corexit dispersants suspected in widespread crop damage
http://www.sfgate.com/cgi-bin/blogs/ybe ... y_id=65552

BP breaks ground on controversial B.C. Rockies project as oil gushes in Gulf
http://www.squamishchief.com/article/GB ... late=cpArt

Barack Obama turns the oil spill into his poor man's 9/11 to revive Cap-and-Trade climate legislation
http://blogs.telegraph.co.uk/news/geral ... gislation/

Senator aims to force unemployed to take drug tests
http://rawstory.com/rs/2010/0616/senato ... rug-tests/

At least 15 people have been killed and 12 are still missing after torrential rains caused flash flooding in southern France.
http://uk.news.yahoo.com/5/20100616/twl ... d0ae9.html

Update: Wikileaks ‘confirms’ it has video of US massacre in Afghanistan
http://rawstory.com/rs/2010/0616/wikile ... ghanistan/

The Afghanistan coincidence
http://www.infowars.com/the-afghanistan-coincidence/

Afghanistan: The Longest Lost War
http://www.globalresearch.ca/index.php? ... leId=19758

US forced to import bullets from Israel as troops use 250,000 for every rebel killed
http://www.globalsecurity.org/org/news/ ... ullets.htm

COL. EUGENE KHRUSHCHEV: AFGHANS DEEP DRUG DIVIDE
http://www.veteranstoday.com/2010/06/16 ... ug-cartel/

Global War Racket Exposed: Trillions in Resources & Funding Our Enemies
http://daviddegraw.org/2010/06/global-w ... r-enemies/

Crimes by Israel, Sanctions for Iran
http://www.globalresearch.ca/index.php? ... leId=19757

JIM W. DEAN: FAKED ISRAELI FLOTILLA VIDEOS PROVIDE OPENING TO EXPOSE ISRAELI EXPIONAGE HERE
http://www.veteranstoday.com/2010/06/16 ... nage-here/

Private Contractors and Covert Wars in Latin America
http://www.truth-out.org/private-contra ... erica60412

Kyrgyzstan carnage: 700 feared dead as looting, riots surge
http://www.youtube.com/watch?v=tGfSw_9UhtY

UN 'gravely concerned' over rising tensions on Korean peninsula
http://www.telegraph.co.uk/news/worldne ... nsula.html

Vaccines have destroyed lives for decades and the UK Government tried to cover it up
http://vactruth.com/2010/06/16/vaccines ... ver-it-up/

FTR #710 Update on 9/11 and Related Matters
http://spitfirelist.com/for-the-record/ ... cord%27%29

Did 9/11 provide cover for massive securities fraud by the Fed?
http://911blogger.com/news/2010-06-16/d ... -fraud-fed

SEC 'Revolving Door' Under Review - A Senate panel asked the Securities and Exchange Commission's inspector general to review the agency's "revolving door," which shuttles many SEC staffers into jobs with the companies they once regulated.
http://online.wsj.com/article/SB1000142 ... 94980.html

U.S. Passports Made In Thai Factory
http://www.judicialwatch.org/blog/2010/ ... -factory-0

White powder mailed to federal buildings in Northwest
http://edition.cnn.com/2010/CRIME/06/14 ... tml?hpt=T2

Steve Connor: We need a global debate on population
http://www.independent.co.uk/news/scien ... 99538.html

How Gay Days Made a Home at Disney World
http://www.time.com/time/magazine/artic ... 39,00.html

Could A Massive Solar Storm Permanently Change Life As We Know It In An Instant?
http://thisistheendoftheworldasweknowit ... an-instant

UPDATE:
BP said oil and gas siphoned from the well first reached a semi-submersible drilling rig on the surface of the Gulf around 1 a.m.

Once that gas reaches the rig, it will be mixed with compressed air, shot down a specialized boom made by Schlumberger Ltd. and ignited at sea. It's the first time this particular burner has been deployed in the Gulf of Mexico.

BP officials previously said they believed the burner system could incinerate anywhere from 210,000 gallons of oil to 420,000 gallons of oil daily once it's fully operational.
http://news.yahoo.com/s/ap/20100616/ap_ ... ontainment
BP / Gulf Oil Spill - June 12 MODIS/Aqua Image

This MODIS/Aqua satellite image, taken on June 12, has a broad sunglint pattern centered on the eastern Gulf that effectively illuminates the main oil slick as well as areas of what we interpret as much thinner sheen. The bright band of sunglint spanning this image reveals fine structure (squiggly bright lines) in areas to the east of what we interpret as the main area of oil slick; this structure can be caused by natural surfactants, or it may indicate very thin layers of residual sheen related to the ongoing spill. As on June 9, there is some ambiguity in our delineation of the area of slicks and sheen (orange line), which extends across an area of 23,140 square miles (59,932 km2) -- as big as our home state of West Virginia:

Oil appears to be making landfall across 40 miles of coast east of Mobile Bay, from Gulf Shores, Alabama to Perdido Key, Florida. Tendrils of oil, possibly thin sheen, reach toward the Florida coast from Pensacola almost as far east as Panama City. Some news accounts support this analysis.

And the government just revised the estimated leak rate from the well - they now say it's leaking anywhere between 1.5-2.5 million gallons per day, with the containment device currently capturing about 500-600 thousand gallons of that flow. That means that since BP cut the riser and installed the latest containment cap, at least 900 thousand gallons - and possibly as much as 2 million gallons - have entered the Gulf daily. At the high end that's nearly twice as much as the 1.1 million gallon estimate SkyTruth and Dr. Ian MacDonald of Florida State University made back on May 1.
http://blog.skytruth.org/2010/06/bp-gul ... kyTruth%29

Updated oil spill estimate during Day 58 (16-June-2010)
http://modernsurvivalblog.com/natural-d ... valBlog%29

Documents, Employees Reveal BP's Alaska Oilfield Plagued By Major Safety Issues
http://www.globalresearch.ca/index.php? ... leId=19763

One ton tarball
http://cgvi.uscg.mil/media/main.php?g2_itemId=907355

Gulf News Update: Underground Blowout Concern
http://www.youtube.com/watch?v=-PO6Q-na ... r_embedded

VIDEO: BP Admits That - If It Tries to Cap the Leak - the Whole Well May Blow Up
http://www.globalresearch.ca/index.php? ... leId=19765

....refer to this analysis posted by scrapbear for further detail on this aspect...
http://www.theoildrum.com/node/6593/648967

National Guard Training For Riot Control, Mass Detentions
http://www.shtfplan.com/headline-news/n ... s_06152010

The Most Dangerous Man in America: Daniel Ellsberg and the Pentagon Papers
http://www.mostdangerousman.org/

New RFID Chip Allows Government To Exterminate You At Will
http://theintelhub.com/2010/06/16/new-r ... u-at-will/

Food and Depopulation: International Takeover by the UN (Part 3 of 4)
http://www.morphcity.com/

Uptick in Violence Forces Closing of Parkland Along Mexico Border to Americans
http://www.foxnews.com/us/2010/06/16/cl ... americans/

Authorities Close Part Of Arizona To U.S. Citizens! "U.S. Gives Land Back To Mexico"
http://www.youtube.com/watch?v=um5tqCNV ... r_embedded

Bank Run in Spain and Its Destabilizing Ramifications for the Entire EU
http://www.infowars.com/bank-run-in-spa ... entire-eu/

Spain Plays High-Stakes Poker Game with Germany as Borrowing Costs Surge
http://www.globalresearch.ca/index.php? ... leId=19766

Welcome to part-time Britain: Record 7.8m workers are not full-time thanks to lack of jobs
http://www.dailymail.co.uk/news/article ... -work.html

US: Negative GDP And Full Blown Deflation
http://www.zerohedge.com/article/us-neg ... -deflation

More Inflation is on its Way
http://www.acting-man.com/?p=3034

....aww the great debate. Peter Schiff vs. Michael Shedlock. Inflation vs. Deflation. Will they print? Will confidence in the dollar collapse? What's going to happen?

IMO either could happen but I lean towards deflation for several reasons:

1) Deflation is the natural result of money created by debt and by injecting (printing) at key times they can control the rate of the downward spiral. Hyperinflation, on the other hand, once it has set in the minds of the people is nearly impossible to stop.

2) Deflation creates defaults....thus the transfer of assets to the bankers. Hyperinflation is major debtor relief. I can't see them working for nearly a century to enslave everyone in debt....and then suddenly hyperinflate out of it.

3) A prophet of God said to save some money for rainy days because rainy days are coming.

4) Multiple prophets as well as members of the twelve have counseled over and over to get out of debt. In a hyperinflationary environment you want to take out as much debt as you can possibly get as you can pay it back with much cheaper dollars. In a deflationary environment its the opposite....you don't want any debt because you'll have to pay it back with more expensive dollars.

At the end of the day you have to have inflation before hyperinflation. Look at the evidence around you. Are wages going up? Are prices going up (everything from houses to restaurant food)? Is the demand for debt going up or down? Is the total money supply increasing or contracting? Is money easier to come by or harder to obtain? Are interest rates going up or down (making money harder or easier to obtain)?

UPDATE 2:

Judicial Watch Files Complaint with Office of Special Counsel Requesting Investigation of Obama White House "Bribery Scandals"
http://www.judicialwatch.org/news/2010/ ... on-obama-w

U.S. Park Visitors Warned Of Mexican Smuggling Violence
http://www.judicialwatch.org/blog/2010/ ... g-violence

'Gay' judge decides future of homosexual 'marriage' - Ruling may impact matrimony laws in as many as 45 other states
http://www.wnd.com/?pageId=167485

ACLU asks South Carolina: Don’t erase voting machine records
http://rawstory.com/rs/2010/0616/aclu-s ... g-records/

Beaches Advisory Issued for Panama City Beach Pier
http://theintelhub.com/2010/06/16/beach ... each-pier/
Senate rejects jobless aid bill

A bill that would provide extended unemployment benefits through November ran into trouble today when the Senate spurned a motion that would have allowed the legislation to proceed to a vote, reports the Associated Press.

Today's setback comes after the California Employment Development Department sent out a notice that unemployment benefits would be cut off to "hundreds of thousands" of laid-off workers in the state after Congressional authorization for the payments expired June 2.
http://www.ocregister.com/articles/sena ... trong.html

United States Construction Industry in Death Spiral
http://www.safehaven.com/article/17172/ ... rticles%29

Iranian threats over Gaza keep USS Truman carrier in Mediterranean
http://www.debka.com/article/8852/

Asian Nations Impose Curbs to Slow Expanding Property Bubbles
http://www.bloomberg.com/apps/news?pid= ... Cybc&pos=3

Japanese Stocks Decline First Time in Six Days; Sony Retreats
http://www.bloomberg.com/apps/news?pid= ... v5t0&pos=2

U.K. Scraps FSA in Biggest Bank Regulation Overhaul Since 1997
http://www.bloomberg.com/apps/news?pid= ... qlYTAYtdpw

Osborne Reveals Financial Regulation Shake-Up
http://uk.news.yahoo.com/5/20100616/tuk ... dbed5.html

UK's New Chancellor Has Abolished The English SEC-Equivalent, The FSA
http://www.zerohedge.com/article/uks-ne ... valent-fsa

Fannie, Freddie Plunge After Moving to Delist Shares (Update4)
http://www.bloomberg.com/apps/news?pid= ... 7hQo&pos=6

....this where the taxpayers take a beating before selling out to private investors for pennies on the dollar....

The Gulf Of Mexico Oil Spill Is Making A Lot Of People Really Sick
http://endoftheamericandream.com/archiv ... eally-sick

The BP Deepwater Horizon, Macondo Well Blowout And What We Are Truly Facing In The Gulf
http://www.disinfo.com/2010/06/the-bp-d ... rmation%29

The U.S. wins the right to abduct innocent people with impunity

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

Is Homeland Security Expecting a Major Terror Attack?
http://www.activistpost.com/2010/06/is- ... cting.html
We are witnessing the increasing breadth and depth of the disaster caused by the explosion of a BP oil well in the Gulf of Mexico. As this tragedy continues to unfold, millions of Americans are asking themselves "why is the Obama administration dragging its heels in getting the clean-up efforts moving?"

Mr. President, you may not be able to cap that well singlehandedly, or suck up the guck with a straw, but please tell us why your administration appears to be doing its level best to destroy the livelihoods of hundreds of thousands of Americans and their families?

We all know he was aware of the size of the disaster very early on, but made minimal effort to convey this or respond to it appropriately. We all know that Louisiana Governor Bobby Jindal begged for three to five million feet of boom less than one week after the explosion and that he has only received about 800,000 feet as of the last week. We all know that President Obama is also Commander in Chief Obama who has access to the vast resources of the military, including the National Guard and the Army Corps of Engineers (pronounced "core," Mr. President, not "corpse," as in the 11 dead human beings in the oil rig explosion).

http://www.thedailybeast.com/blogs-and- ... pill-was-/

http://blogs.abcnews.com/politicalpunch ... -help.html

http://www.huffingtonpost.com/2010/05/2 ... 90291.html

Why, indeed? Could this tragic accident be just the crisis they need to try and ram another piece of horrible legislation down our throats? If the Obama administration can pull it off, the "Clean Energy Jobs and American Power Act of 2010" (S.B. 1733) will be the largest tax increase in American history at a time when the unemployment rate stands at 10.2%

And to top it off, last week Senator Mitch McConnell said from the floor of the Senate that BP lobbyists played a significant part in writing Cap-n-Trade bill now before them! We know Obama has no problem swimming with corporations if it furthers his ideologically driven agenda, contrary to his populist rhetoric.


Once a government pet, BP now a capitalist tool
http://www.washingtonexaminer.com/polit ... 42659.html

McConnell Charges That ‘Major Part’ of Democrats’ Cap-Trade Bill ‘Essentially Written by BP’
http://cnsnews.com/news/article/67454

FLASHBACK: BP gets OK to dump mercury into Lake Michigan
http://www.usatoday.com/money/industrie ... cury_N.htm

Numerous Congressional Members Deeply Invested in BP Stock, Reports Indicate
http://www.rightsidenews.com/2010061710 ... icate.html

No Signs that BP’s Tracking Role of Chemical Exposure in Worker Illnesses
http://www.propublica.org/ion/blog/item ... sure#15319

Day 59 – A Living Nightmare
http://theintelhub.com/2010/06/17/day-5 ... nightmare/

Gulf Power Plants Keep Close Watch on Oil Spill
http://news.discovery.com/tech/gulf-pow ... h-oil.html

Cuba prepares for BP oil spill
http://axisoflogic.com/artman/publish/A ... 0353.shtml

May Levels of Toxic Gases in Gulf Back Up Claim Made by Lindsey Williams
http://www.infowars.com/may-levels-of-t ... -williams/

Will the Gulf Oil Disaster Lead to an Explosion of the Seabed? Poisonous Gas Cloud and Tsunami Worst Case Scenario
http://www.redicecreations.com/article.php?id=11410

California Foreclosure Activity Drops
http://files.foreclosureradar.com/forec ... Report.pdf

The Federal Reserve Bank of Philadelphia’s general economic index dropped to 8, a 10-month low, from 21.4 in May. Readings above zero signal growth in the regional gauge, which covers eastern Pennsylvania, southern New Jersey and Delaware. Economists forecast the measure would fall to 20, according to the median projection in a Bloomberg News survey.
http://www.bloomberg.com/apps/news?pid= ... .rUw&pos=1

You Thought California State Pensions Were Out Of Control? Wait Until You See This Top 100 List of School Administration Pensions From Illinois...The total estimated cost of these pensions is almost $1 billion -- at $887,925,790 -- for 100 people!
http://www.theneweditor.com/index.php?/ ... is....html

New claims for jobless benefits rise sharply
http://finance.yahoo.com/news/New-claim ... et=&ccode=

Jobless claims jump by 12,000
http://www.upi.com/Business_News/2010/0 ... 276788807/

Out-of-work job applicants told unemployed need not apply
http://finance.yahoo.com/news/Outofwork ... 1.html?x=0
Federal benefits for unemployment may end

In California, people who are eligible for unemployment benefits receive up to 26 weeks of regular state benefits.

Until federal funding ran out, people who exhausted their regular state benefits and were still eligible for unemployment could receive four consecutive rounds of federal extended benefits: The first tier was up to 20 weeks, the second up to 14, the third up to 13 and the fourth up to six.

When the fourth ran out, they could move on to a final round of benefits with special rules known as Fed-Ed, for up to 20 weeks. That's a grand total of 99 weeks of unemployment.

Federal funding for all four tiers of extended benefits and Fed-Ed ran out at the end of May.

Most people thought Congress would extend funding before people starting missing checks, as it has done several times since the recession began. But with concern over the deficit mounting, that is becoming harder to do. The California Employment Development Department has begun notifying some people that their benefits could be interrupted or terminated. If Congress does nothing:

-- People who are receiving regular state benefits (up to 26 weeks) will continue receiving them until they run out, but will get nothing further.

-- People who are receiving one of the four tiers of federal extended benefits will continue receiving that tier until it is exhausted, but can not move on to the next tier or to Fed-Ed.

-- People who are receiving Fed-Ed will receive no more checks, no matter where they are in that round. The week ending June 12 was the last payable week for these benefits. As of Monday, almost 100,000 Californians were receiving these benefits, EDD says.

-- Any new claims filed after May 30 will not include the additional $25 per week stimulus payments. People already receiving the extra $25 per week payment will continue to get it until they exhaust whatever round of benefits they are receiving, but not thereafter.

At the end of May, the House passed H.R. 4213, the American Jobs and Closing Tax Loopholes Act, which would extend federal funding for extended unemployment benefits and the $25 weekly bonus through the end of November.

The Senate has not yet voted on its version of the bill, which also would extend benefits through the end of November. On Wednesday, a procedural vote to move forward on the bill failed to get the necessary 60 votes.
http://www.sfgate.com/cgi-bin/article.c ... 1E0646.DTL

Consumer prices dip again -- break for shoppers
http://finance.yahoo.com/news/Consumer- ... et=&ccode=

Freddie Mac: Mortgage rates up from yearly low
http://finance.yahoo.com/news/Freddie-M ... et=&ccode=
Housing starts fell 10 percent, the biggest decline since March 2009, to a 593,000 annual rate, Commerce Department figures showed today in Washington. Building permits, a sign of future construction, unexpectedly fell to a one-year low. Single-family starts suffered the largest drop since 1991.

http://preview.bloomberg.com/news/2010- ... -pace.html
The delinquency rate for loans held in CMBS is the highest since the series began in 1997. “Weakness in the economy has continued to weigh on commercial properties, which in turn weighs on the mortgages they back,” said Jamie Woodwell, MBA’s Vice President of Commercial Real Estate Research. “Economic growth, specifically in areas of jobs and consumer spending, will be key to stabilizing the commercial property and mortgage markets going forward.”
http://www.mbaa.org/NewsandMedia/PressCenter/73127.htm

High Default Rate Seen for Modified Mortgages
http://online.wsj.com/article/SB1000142 ... eftTopNews

Builder Survey Reports New Home Sales Down 27% in May
http://www.housingwire.com/2010/06/16/b ... -27-in-may

The Next Housing Crisis
http://www.counterpunch.org/whitney06152010.html

Earnings Warnings Threaten Double-Dip Summer
http://finance.yahoo.com/banking-budget ... et=&ccode=

Debt Wave May Wash Away Some High-Yield U.S. Firms, S&P Says
http://preview.bloomberg.com/news/2010- ... -says.html

$108 Billion In 2, 5, And 7 Year Treasury Issuance On Deck
http://www.zerohedge.com/article/108-bi ... to+zero%29

Up To £11.5bn Of Govt Projects Facing Axe
http://uk.news.yahoo.com/5/20100617/tuk ... dbed5.html

Economy may never recover from banking crisis, warns OBR
http://www.timesonline.co.uk/tol/news/p ... 150196.ece

European recession next year "almost inevitable" - Soros
http://uk.reuters.com/article/idUKTRE65 ... gle+Reader

French workers' fury as retirement age is raised... to 62
http://www.dailymail.co.uk/news/worldne ... e--62.html

Spanish banks break ECB loan record
http://edition.cnn.com/2010/BUSINESS/06 ... ain.banks/

Swiss National Bank Intervention Imminent
http://www.zerohedge.com/article/swiss- ... to+zero%29

Deficit Crisis: Cyprus, Denmark And Finland Join The Watchlist
http://www.zerohedge.com/article/guest- ... -watchlist

Can you guess which is the most indebted country in Europe?
http://blogs.telegraph.co.uk/finance/ed ... in-europe/

Europe bank stress tests to be published in July
http://www.marketwatch.com/story/europe ... 2010-06-17

Chasing The Deflationary Dragon
http://www.zerohedge.com/article/chasin ... to+zero%29

Yet Again the NRA Sells Out Freedom to the Democrats
http://www.redstate.com/erick/2010/06/1 ... democrats/

Dems close to campaign finance deal
http://www.politico.com/news/stories/0610/38500.html

‘Shotgun Sellout’: House Democrats cut special deal with NRA
http://www.campaignfreedom.org/newsroom ... l-with-nra

URGENT ALERT: NRA cuts deals to limit free speech
http://paracom.paramountcommunication.c ... efed8b3686

NRA exemption from campaign finance law ‘defies logic,’ group says
http://rawstory.com/rs/2010/0617/leadin ... close-act/

Complete List of Differences Between Obama and Bush
http://www.washingtonsblog.com/2010/05/ ... tween.html

Obamacare's control plan? 'Behavior modification'
http://www.wnd.com/index.php?fa=PAGE.view&pageId=167317

Senate Bill Gives Obama, Feds Control Of Internet
http://www.judicialwatch.org/blog/2010/ ... l-internet

Psycho Talk: MSNBC's Schultz Calls for Obama to Act 'Like a Dictator' -- Twice
http://www.businessandmedia.org/article ... 90937.aspx

Increasing Threats To The 9/11 Truth Movement
http://911blogger.com/news/2010-06-17/i ... h-movement

Jeremy Scahill on Blackwater Owner Erik Prince’s Rumored Move to UAE and Obama Admin’s Expansion of Special Forces Operations Abroad
http://www.democracynow.org/2010/6/17/b ... pecial_ops

Rabies vaccine being sprayed from the sky
http://vactruth.com/2010/06/17/rabies-v ... m-the-sky/

White Skies - The Global Warming Problem and Chemtrails
http://loveforlife.com.au/content/10/06 ... el-stetter

First, China. Next: the Great Firewall of... Australia?
http://www.time.com/time/world/article/ ... 15,00.html

Australia Under Siege by the NWO
http://loveforlife.com.au/content/10/06 ... -siege-nwo

Second Iranian ship to set sail this weekend
http://www.ynetnews.com/articles/0,7340 ... 36,00.html

Iran to retaliate any ship inspection in open seas
http://www.globalsecurity.org/wmd/libra ... irna01.htm

Russia to offer Turkey S-300 surface-to-air missiles
http://en.rian.ru/russia/20100616/159447213.html

Turkish troops pull back after Iraq incursion
http://edition.cnn.com/2010/WORLD/meast ... A+World%29

Turkey closes airspace to Israel Air Force, Jerusalem declares IHH terrorists
http://www.debka.com/article/8854/

Severodvinsk nuclear attack submarine
http://en.rian.ru/infographics/20100601/159255270.html

UN Official Warns of Extremism in Central Asia
http://www1.voanews.com/english/news/as ... 56119.html

America’s Agenda in Afghanistan
http://www.thetrumpet.com/?q=7269.5825.0.0

Afghan Mineral Wealth May Be Greater: $3 Trillion
http://abcnews.go.com/Business/wireStory?id=10937861

Taliban Can Keep Weapons Under New Peace Initiative
http://online.wsj.com/article/SB1000142 ... australian

Good news for smokers: Lung cancer risk could be halved by taking B vitamin
http://www.dailymail.co.uk/health/artic ... tamin.html

More than 100 earthquakes rattle California-Mexico border region after magnitude 5.7 temblor; more expected
http://latimesblogs.latimes.com/lanow/2 ... ected.html

America's new culture war: Free enterprise vs. government control
http://www.washingtonpost.com/wp-dyn/co ... 01854.html

Entering the Soviet era in America
http://warincontext.org/2010/06/16/ente ... n-america/

UPDATE:

Money Trail in Dubai Assassination Leads To Iowa
http://wrmea.org/component/content/arti ... iowa-.html

Caruba: Obama Asks America to Commit Suicide
http://www.federalobserver.com/2010/06/ ... t-suicide/

Personal Financial Information Of Members Of Congress Released
http://tpmmuckraker.talkingpointsmemo.c ... ckraker%29

Crisis
http://www.youtube.com/watch?v=CH0Dq-as ... r_embedded

Did the BP Oil Well Really Blow Out in February, Instead of April?
http://georgewashington2.blogspot.com/2 ... ruary.html

....this would support the stock selling scenario that took place between February and the end of April when the rig blew.....along with the double down on insurance by the rig operator...

No Progress in Weekly Unemployment Claims for Five Months
http://globaleconomicanalysis.blogspot. ... nalysis%29

UPDATE 2:

Heating up in Pakistan border areas
http://www.blackfive.net/main/2010/06/h ... ACKFIVE%29

Survivalist Family by Joe Fox
http://selfrelianceadventures.blogspot. ... y-joe.html

America's Coming Gulag
http://skepticaltexascpa.blogspot.com/2 ... gulag.html

US Debt Bomb – Be Very Afraid
http://sayanythingblog.com/entry/us-deb ... ry-afraid/

Illinois Debt Default Insurance Climbs to Record, CMA Data Show
http://www.bloomberg.com/apps/news?pid= ... cVN8&pos=4

How Gloria Steinem's CIA Role Was Censored
http://www.henrymakow.com/inside_the_ci ... a_ste.html

Thinking About Trellises for Tomatoes
http://thunderpigblog.blogspot.com/2010 ... der+Pig%29

Pocket Survival Kit
http://stealthsurvival.blogspot.com/201 ... l-kit.html

....Cold Steel 4th of July Sale....
http://www.ltspecpro.com/july-4th-sale.html

Parkland closed to US citizens along the border in AZ - The only part of this disgusting article I'll repeat is a quote from Pinal County Sheriff Paul Babeu: It’s shameful that we, as the most powerful nation on Earth, … can’t even secure our own border and protect our own families.
http://bitmaps-misc.blogspot.com/2010/0 ... along.html
USA invaded, surrenders

Gateway Pundit:

The federal government is now telling American citizens to stay out of three southern Arizona counties.
It is too dangerous because of armed smugglers from Mexico.

Is anyone answering the phone at "Homeland Security?"
http://hectorowen.blogspot.com/2010/06/ ... nders.html

More Updates On Three Gorges Dam 6/17/10 5 Million More People May Be Displaced!
http://sherriequestioningall.blogspot.c ... 61710.html

China censored news - Cracks in China's Three Gorges Dam - 300,000 People down stream
http://www.youtube.com/watch?v=a9bZBfFU ... r_embedded

US National Guard Training For Riot Control And Mass Detentions!
http://stevenjohnhibbs.wordpress.com/20 ... etentions/

40 million people in Gulf oil spill region to be “evacuated” by military, sources say
http://labvirus.wordpress.com/2010/06/1 ... urces-say/

Gulf Coast Oil Leak
http://www.pbs.org/newshour/rundown/hor ... spill.html

Lessons From Lithuania -- Part I
http://westernrifleshooters.blogspot.co ... art-i.html

World War 3: Mountains Of Israel To Be Major Battle Site – An Israeli (Ezekiel) View
http://pakalert.wordpress.com/2010/06/1 ... kiel-view/

User avatar
Jason
Master of Puppets
Posts: 18296

Re: Blipits

Post by Jason »

....some financial stuff....post more later....
There is something seriously wrong in America. We all sense it, but few in the mainstream media are willing to touch it or can effectively articulate it within the public’s sound-bite oriented attention span. It isn’t just about the remnants of the financial crisis; it isn’t the protracted jobs recession and slow recovery; it isn’t the trillions of dollars in deficit spending; it isn’t the degree of rampant financial malfeasants. It is something deeper which reaches into the soul of who we are as a people and society. It will soon be the central theme to your investment strategy and financial security. On the surface it might appear we have lost our optimism about the future and our confidence that America is still the ‘beacon on the hill’ that countries around the world admire and look to for leadership. Though our children mouth the platitudes taught by older generations, they ring hollow in the hallways with video surveillance, motion sensors and metal detectors when recited by them. The high minded ideals seem misplaced in unemployment lines where they stand with freshly minted advanced degrees in hand, huge education debts and little hope other than the faint possibility of a non-paying internship position. It isn’t that the American people have changed. Our government has changed.
http://www.zerohedge.com/sites/default/ ... _Paper.pdf

Is The BP Media Blackout Campaign Endorsed By The White House?
http://www.zerohedge.com/article/bp-med ... hite-house

European Capital Flight (aka Bank Run)?
http://www.zerohedge.com/article/europe ... a-bank-run

Money Market Funds Plunge By $38 Billion In Prior Week, 1.5% Of Total, YTD Flow Differential Now At Record $134 Billion
http://www.zerohedge.com/article/money- ... -record-13

State Unemployment Rate Declines As Government Hiring Soars, Nevada Now Worst State In US
http://www.zerohedge.com/article/state- ... t-state-us

Bank Health by State
http://www.zerohedge.com/article/bank-health-state
Former Federal Reserve Chairman Alan Greenspan said the U.S. may soon face higher borrowing costs on its swelling debt and called for a “tectonic shift” in fiscal policy to contain borrowing.

“Perceptions of a large U.S. borrowing capacity are misleading,” and current long-term bond yields are masking America’s debt challenge, Greenspan wrote in an opinion piece posted on the Wall Street Journal’s website. “Long-term rate increases can emerge with unexpected suddenness,” such as the 4 percentage point surge over four months in 1979-80, he said.
http://preview.bloomberg.com/news/2010- ... eeded.html

UPDATE:

Ten Stories In The News That The BP Oil Spill Is Overshadowing
http://www.prisonplanet.com/ten-stories ... owing.html

GORDON DUFF: ISRAEL PLANNED IRAN ATTACK FROM CAUCASUS BASE
http://www.veteranstoday.com/2010/06/18 ... asus-base/

Turkey closes airspace to Israel Air Force, Jerusalem declares IHH terrorists
http://www.debka.com/article/8854/

Israel fears Lebanese ‘fast’ flotilla
http://www.jpost.com/Israel/Article.aspx?id=178694

Syria: Israel raid on Gaza flotilla raises risk of Mideast war
http://www.haaretz.com/news/diplomacy-d ... bled=false

Medvedev sees chance for new world order
http://www.ft.com/cms/s/0/81a03be0-7ac0 ... abdc0.html
Leaking Well at Platform 23051 Location - New Images
Radar satellite images taken on June 10 and June 18, 2010, show continuing slow leakage from a well at the location of Platform 23051 in the Gulf of Mexico, about 40 miles from the leaking Macondo well that is the source of the ongoing BP / Deepwater Horizon oil spill. Oil from that massive BP spill is visible in the lower right of both images (oil slicks are dark on these images):
http://blog.skytruth.org/2010/06/leakin ... kyTruth%29

Does Julian Assange Have Reason to Fear the U.S. Government?
http://www.theatlantic.com/politics/arc ... ent/58297/

The strange and consequential case of Bradley Manning, Adrian Lamo and WikiLeaks
http://www.salon.com/news/opinion/glenn ... /wikileaks

Costa Rican Newspaper Claims Israel Controls Panama Canal
http://deadlinelive.info/2010/06/18/cos ... ama-canal/

Who is this security firm that Martinelli hired?
http://www.thepanamanews.com/pn/v_16/is ... my_05.html

Cracks Show BP Was Battling Gulf Well as Early as February
http://preview.bloomberg.com/news/2010- ... -show.html

BP Admits That - If It Tries to Cap the Leak - the Whole Well May Blow
http://www.washingtonsblog.com/2010/06/ ... -leak.html

Gulf oil full of methane, adding new concerns
http://www.google.com/hostednews/ap/art ... AD9GDJBO84

BP Tells Cleanup Workers They'll Be Fired If They Wear Respirators
http://www.washingtonsblog.com/2010/06/ ... ll-be.html

BP reportedly threatens to fire cleanup workers for using their own protective gear
http://www.southernstudies.org/2010/06/ ... -gear.html

Health expert: BP running Gulf like a ‘prison warden’
http://rawstory.com/rs/2010/0617/expert ... on-warden/

Disaster capitalists: Halliburton to make money off oil spill
http://rawstory.com/rs/2010/0618/hallib ... oil-spill/

Judge favored by BP has financial ties to oil industry
http://www.cnn.com/2010/US/06/17/bp.jud ... tml?hpt=T1

Oil Spill May End Up Lifting GDP Slightly
http://blogs.wsj.com/economics/2010/06/ ... -slightly/

BP Gulf Oil Spill Is Already In Gulf Stream And May Hit North Carolina Beaches Any Day
http://blog.alexanderhiggins.com/2010/0 ... aches-day/

US military asks law enforcement to watch for Afghans gone AWOL while training at Texas base
http://www.brandonsun.com/world/breakin ... html?thx=y

EXCLUSIVE: Alert Issued for 17 Afghan Military Members AWOL From U.S. Air Force Base
http://www.foxnews.com/us/2010/06/17/af ... orce-base/

The Afghan puppet government is crumbling before our eyes. We must talk to the Taliban
http://www.dailymail.co.uk/news/article ... ds-newsxml

Trade war? Bill would ban government from buying Chinese
http://rawstory.com/rs/2010/0618/trade- ... g-chinese/

$7-a-gallon gas?
http://www.nypost.com/p/news/opinion/op ... elOV3k0RsK

Pentagon Zombie-Maker’s New Project: Suffocate, Freeze, Reanimate
http://www.wired.com/dangerroom/2010/06 ... reanimate/

New "Homeland Security" Toys Lower Boom on Privacy, Grease Usual Palms
http://antifascist-calling.blogspot.com/

DEFICIT TERRORISTS STRIKE IN THE UK - USA NEXT?
http://www.webofdebt.com/articles/defic ... orists.php

Nasa warns new meteor storm 'could damage Hubble and International Space Station'
http://www.telegraph.co.uk/science/spac ... ation.html

Scientists create GM 'Frankenfish' which grows three times as fast as normal salmon
http://www.dailymail.co.uk/news/article ... almon.html

Housing Collapse 2010?
http://endoftheamericandream.com/archiv ... lapse-2010

Kyrgyzstan's crisis is 'immense', says Red Cross
http://news.bbc.co.uk/2/hi/world/asia_p ... 336927.stm

Clinton says administration will sue over Arizona immigration law
http://content.usatoday.com/communities ... tion-law/1

Mexico's deadly drug violence claims hundreds of lives in past 5 days
http://www.washingtonpost.com/wp-dyn/co ... 03174.html

Italian economists slam austerity measures
http://www.telegraph.co.uk/finance/fina ... sures.html

Report: $1 Billion in Tax Dollars Given to Abortion Advocates
http://www.christianpost.com/article/20 ... index.html

Plagues!
http://thisistheendoftheworldasweknowit ... es/plagues

New AIDS-Like Disease Appears in China
http://www.theepochtimes.com/n2/content/view/37509/

Kamchatka volcano spews ash to 4,000 meters
http://en.rian.ru/natural/20100617/159456439.html

UPDATE 2:

COT Weekly Data Discloses Biggest Euro Short Covering Episode In History
http://www.zerohedge.com/article/cot-we ... de-history

China 1 Month Interbank Rate At Multi Year Highs, More Than Doubles In One Month
http://www.zerohedge.com/article/china- ... -one-month

ECRI Index Continues To Plunge, Drops By 2.2 To -5.7, And Just 4.3 Away From "Guaranteed" Double Dip Territory
http://www.zerohedge.com/article/ecri-i ... -territory

Ferocity Of Imminent Spain-Germany Cold War Will Only Be Second To Upcoming Fox Biz-CNBC No Holds Barred
http://www.zerohedge.com/article/feroci ... -no-holds-

IMF Sells 38.5 Tonnes Of Gold In Q2, As Saudi Holdings Higher By 180 Tonnes
http://www.zerohedge.com/article/imf-se ... 180-tonnes

Friday Bank Closing Report
http://dailycapitalist.com/2010/06/18/f ... italist%29

Unofficial Problem Bank List increases to 781 Institutions
http://www.calculatedriskblog.com/2010/ ... ed+Risk%29

91 Banks Miss May TARP Payment, 68 Banks Miss Multiple Payments; Top 10 Sovereign Debt Default Risks; New "Merle Hazard" Song - "Legal Tender"
http://globaleconomicanalysis.blogspot. ... nalysis%29

Treasury to Gain Expanded Powers in U.S. Financial Overhaul
http://www.bloomberg.com/apps/news?pid= ... gUicBhBSzM

Krugman vs. Greenspan on "That ’30s Feeling"; Calculated Risk Sides with Krugman, I Side with Greenspan - Courtesy of Calculated Risk here are a pair of articles, one from Krugman and another from Greenspan on the limits of debt.
http://globaleconomicanalysis.blogspot. ... nalysis%29

Report: Egypt refuses to stop Iranian ships
http://www.ynetnews.com/articles/0,7340 ... 16,00.html

Gaza-bound flotilla with all-female crew sparks controversy
http://www.mathaba.net/news/?x=623695

Gates: Iran could attack Europe with scores or hundreds of missiles
http://www.debka.com/article/8861/

Putin Declares New Russian Built PAK-FA Stealth Fighter Better Than F-22 Raptor
http://defensetech.org/2010/06/18/putin ... 22-raptor/

Hunt on for AWOL Afghan Soldiers in US
http://www.military.com/news/article/hu ... in-us.html

Storm Surge (June 18, 2010)
http://soho.nascom.nasa.gov/pickofthewe ... 18jun2010/

Short‐Term Energy Outlook Supplement: 2010 Outlook for Hurricane‐Related Production Outages in the Gulf of Mexico
http://www.eia.doe.gov/emeu/steo/pub/sp ... _sp_03.pdf

Katla Volcano 10X or 100X Eyjafjallajokull
http://modernsurvivalblog.com/natural-d ... valBlog%29

Another tornado outbreak...62 reports of tornadoes with over half of them coming from Minnesota.
http://weather.blogs.foxnews.com/2010/0 ... -outbreak/

Corexit 9500, EC9500A, EC9580A Product Safety Sheets
http://publicintelligence.net/corexit-9 ... ty-sheets/

Detonating nuclear bomb at BP oil spill site could end all life on planet
http://www.infowars.com/detonating-nucl ... on-planet/

FRIDAY OIL ROUNDUP:
http://www.nwfdailynews.com/news/beach- ... aches.html

Gulf of Mexico: ROV films oil leak coming from rock cracks on seafloor.
http://axisoflogic.com/artman/publish/A ... 0371.shtml

Oil Volcano Pressure Too Strong For Containment
http://www.rense.com/general91/oilor.htm

BP OIL SPILL: VOLCANIC TSUNAMI AND POISON GAS ALERT
http://www.youtube.com/watch?v=Z1cC8stYR3k

Get Used to Blackened Seafood, BP’s Spew May Continue For Years
http://www.veteranstoday.com/2010/06/19/36758/

Gulf Oil Leak: Was The Gulf Oil Spill Done On Purpose, Will It Be Cause For Evacuation?
http://www.youtube.com/watch?v=hG979JqzMfg

More Delay in Oil Cleanup as Coast Guard will Build Skimmers Rather than Use Foreign Help!
http://www.floppingaces.net/2010/06/18/ ... ng+Aces%29

Newlywed couple: Officer blocked us from ER during bride's stroke
http://www.wrcbtv.com/global/story.asp?s=12673455

Toothpaste, What Are You Swallowing?
http://www.teethbleachingplanet.com/too ... lanet.html
Last edited by Anonymous on June 19th, 2010, 10:18 am, edited 4 times in total.

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Col. Flagg
Level 34 Illuminated
Posts: 16961
Location: Utah County

Re: Blipits

Post by Col. Flagg »

Jason wrote:....some financial stuff....post more later....

There is something seriously wrong in America. We all sense it, but few in the mainstream media are willing to touch it or can effectively articulate it within the public’s sound-bite oriented attention span. It isn’t just about the remnants of the financial crisis; it isn’t the protracted jobs recession and slow recovery; it isn’t the trillions of dollars in deficit spending; it isn’t the degree of rampant financial malfeasants. It is something deeper which reaches into the soul of who we are as a people and society. It will soon be the central theme to your investment strategy and financial security. On the surface it might appear we have lost our optimism about the future and our confidence that America is still the ‘beacon on the hill’ that countries around the world admire and look to for leadership. Though our children mouth the platitudes taught by older generations, they ring hollow in the hallways with video surveillance, motion sensors and metal detectors when recited by them. The high minded ideals seem misplaced in unemployment lines where they stand with freshly minted advanced degrees in hand, huge education debts and little hope other than the faint possibility of a non-paying internship position. It isn’t that the American people have changed. Our government has changed.
Yep... it is no longer a representative institution for the people by the people... it has morphed into organized crime, corruption, fraud, thievery and deceit on the grandest of scales where big money rules and the average American means nothing.

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