The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Tuesday, May 29, 2012

Tapayers give $30 million to new Palestinian investment fund

Few people know, but the Federal government has its own investment office to use taxpayer money to spend on corporate, sovereign, and business investments.  Known as the Overseas Private Investment Corporation, this fund can is is used to circumvent Congressional approval of foreign aid.

On May 28th, this taxpayer funded investment firm decided to create a fund which will funnel $30 million into the Palestine territories, even as oversight of the money may be in question with terrorist organizations (Hamas) remaining in power.



The first fund aimed at investing in the Palestinian Territories has received $30m of financing from the United States’ Overseas Private Investment Corporation (OPIC).

Siraj Fund Management’s Company’s inaugural investment vehicle has already backed four businesses in the region since it was launched in February last year, while five more investments were approved last month.

The fund had an initial target of $80m but has now hit $90m following the round of OPIC financing, which was provided as part of Barack Obama’s initiative to support technological development in Muslim countries. - Alt Assets
OPIC is a government run office, which has many cabinet level members on its board of directors. 

With the US economy continuing to decline, and small businesses closing their doors by the thousands, why our government would invest taxpayer money into growing businesses overseas to the detriment of the American worker and American jobs is a very curious direction President Obama and his administration would take.

Thursday, May 24, 2012

Obama administration appoints Assassination Czar to decide who lives or dies

When Congress and the Obama administration signed into law the ability of the government to assassinate anyone, including Americans, designated at terrorists, the big question remaining on the public's mind was who or what organization within government would decide who would live or die.

We now know who that individual us.



According to reports from the Associated Press, John Brennan has now seized the lead in choosing who will be targeted for drone attacks and raids and Obama has delegated him the sole authority to designate people for assassination under the United States top-secret assassination program. - Alexander Higgins.com

Detroit: Turn out the lights because the party is over

For decades, the City of Detroit was the paragon of industry and production in the U.S., but now, it is a shell of its former glory.  Population flight, industry moving offshore, and a massive budget deficit has now led legislators in the once proud city to cut city light services to half of the municipality.



Detroit, whose 139 square miles contain 60 percent fewer residents than in 1950, will try to nudge them into a smaller living space by eliminating almost half its streetlights.

As it is, 40 percent of the 88,000 streetlights are broken and the city, whose finances are to be overseen by an appointed board, can’t afford to fix them. Mayor Dave Bing’s plan would create an authority to borrow $160 million to upgrade and reduce the number of streetlights to 46,000. Maintenance would be contracted out, saving the city $10 million a year. -  Bloomberg
With crime and poverty already on the rise, this move, while fiscally necessary, will only increase violence as the hot summer months come, and unemployed citizens seek the only avenues they have left since Government Motors moved out of town, and turned off their own lights.

PBS Frontline: A view of the MF Global Fraud and Jon Corzine's gambling psyche

In the world of politics and finance, the ones who normally make it to the top are those who have psychopathic traits.  Psychopathy is defined by the lack of emotions, and the inability to understand the difference between right and wrong, moral or immoral behaviors.  This is one of the reasons why many CEO's can change lives so easily during times of layoffs without having a second thought, and how politicians can make policy that affects millions of people without feeling remorse when their decisions go wrong.



The psychopath also never apologizes unless their own personal life or lifestyle is at stake, which makes the entire MF Global fraud scandal so much more intriguing as the former CEO Jon Corzine, has never apologized for his actions, nor felt any real remorse for the over $1 billion dollars of customer funds used and lost in the reckless pursuit of high stakes gambling.

The key indicator of a psychopath, according to researcher Jonathan Zap during his time on Coast to Coast AM on Feb 25th, is the need to take massive risks, with both lives and money, to receive even the most miniscule amount of euphoria, since these people lack the ability to feel emotion in day to day living as normal people do.

On May 22nd, PBS Frontline did an hour long expose of the MF Global scandal, and on the history of Jon Corzine as an individual who wielded charisma, risk, and power like one uses a salt shaker to season their meal.


Watch Six Billion Dollar Bet on PBS. See more from FRONTLINE.


Watch Six Billion Dollar Bet on PBS. See more from FRONTLINE.

In the end, Jon Corzine, as during his days with Goldman Sachs, in the Senate and Governorship positions in politics, and finally at MF Global, did everything to benefit himself, and to feed the ever demanding need for risk and excitement, without a thought or care for anyone who was hurt or destroyed through his actions.

Wednesday, May 23, 2012

Facebook fallout: Nasdaq cites computer glitches in pre-market trades for IPO

The fallout from the Facebook IPO has now stretched far beyond the drop in stock price.  On Tuesday, Morgan Stanley was issued a subpoena to appear before a District Court on the grounds they pre-loaded information to 'certain investors', while at the same time allowing retail to walk into a money trap. 



Today, the repurcussions of the largest IPO in history took another turn as Nasdaq cited 'technical problems' which kept many traders from receiving confirmation of their purchases for more than two hours on Friday.

As the WSJ reports: "A senior Nasdaq Stock Market official told customers Tuesday afternoon that it would have pulled the plug on Facebook Inc.'s initial public offering had it known the full extent of the technical problems that plagued its systems. On a conference call with brokers after Tuesday's close, Eric Noll, head of transaction services, said the exchange "by no means would have gone forward" with the much-watched Facebook debut if it had known problems would disrupt a "normal trading day." "In retrospect, it was incorrect," - Zerohedge

What this boils down to is that the potential of today's high frequency trading in the markets (up to 75% of all trades), could quite feasibly killed the market for Facebook, as volume on opening day literally put the mega-machines on tilt.

There is a reason Lindsey Williams said on Coast to Coast AM on Monday that the elite NO LONGER PLAY THE STOCK MARKETS, and that paper trading is simply opium for the masses to make them FEEL wealthy, while using this platform to rob the wealth from the public.

Friday, May 18, 2012

Treasury Secretary Geithner admits he has no idea about government finance

Appointments to cabinet positions in the Executive Branch have frequently been cronyistic rewards for supporters and those who helped finance a President in office.  Take for example former NY Fed President, and now Treasury Secretary Timothy Geithner, who admitted on on May 17th in a PBS interview that he has no idea how the government debt and other financial boondoggles have take place.



While we knew TurboTax was beyond him, the Treasury debacle-in-chief admits he doesn't understand how the debt limit has bubbled back up (seeing it as part of a partisan political agenda); admits that perhaps the NY Fed has a 'perception problem' with Jamie Dimon on the board; and his piece-de-resistance his cognitive dissonance erupts as he touts Obama's economic and jobs record: "look how well we are doing relative to any other major country". - Zerohedge



 
All we have to do is remember three years ago when Geithner went to speak before university students in China on economics and finance, and he was virtually laughed off the stage for his idiotic understanding and attempted propaganda regarding the US dollar.

Tuesday, May 15, 2012

Billionaire Jim Rogers: We've had a great 30 years in the stock markets but it's over

On May 14th, Billionaire investor Jim Rogers spoke with CNBC in an interview, and discussed several market topics such as gold, stocks, market volume, and the overall direction the market is conveying for the future.  Most importantly, Rogers sounded the alarm that declining market will not be returning, and that America has had a nice 30 year run in stocks, but now, the party is over.



...the thoughtful Rogers opines, "You can read world history for decades. There are always people doing things wrong. We have not changed our human nature and we will continue to have scandals and problems" and in a follow-up to CNBC's standard 'money-on-the-sidelines' argument he crushes the money-honey's dreams: "Finance had a great 30 years. That's finished. Now to advance, we have too many people, too many MBAs, too much leverage and too many governments that don't like us". - Zerohedge

You can watch Jim Roger's interview below.

California: Socialiam works until you run out of other peoples money

California, and its sister state Illinois, are two prime examples of what happens to states when emotional activists gain power, and socialist policies are implemented to drive economies and budgets.  For years, the state of California was not only the most productive state in the union GDP wise, but its the 8th largest GDP in the entire world.

However, with sancutary policies for illegal immigrants, over-regulation to the point where hundreds of thousands of businesses have left the state, environmental regulation which has destroyed a large sector of California's bread basket, and a tax rate that is nearly equivalent to socialist Europe, the spectre of Margaret Thatcher's famous quote has finally entered the scene.

"The problem is with Socialism is that you eventually run out of other people's money."


Picture courtesy of Americaandproud.net

California, and Governor Jerry Brown have finally capitulated as on May 14th, the state government found it necessary to propose billion dollar cuts across the board, after a referendum to increase taxes failed in recent elections.

Hit with a soaring state budget shortfall of $15.7 billion - up from $9.2 billion as recently as January - Governor Brown announced proposals Monday to make $8.3 billion in painful, cross-the-board cuts that quickly elicited outcries from those affected.
Most telling of his predicament, and his strategy, Brown admonished California voters that if they don’t pass his tax-hike initiative in November, $6 billion more will have to come out of budgets for public schools and higher education.
 “We have so much money from the people, and we have so much spending,” the governor said at a press conference in Sacramento before jetting to Los Angeles to release further details. “We can be out of alignment for awhile, but now - given the decade of fiscal disconnect - I’ve committed to right the ship of state and getting it into balance.” - Christian Science Monitor via Yahoo News

California now joins the long list of Democratic and Progressively run cities and states, which have bankrupted its citizens through massive welfare, taxation, and over-regulation.  New Orleans, New Jersey, Illinois, Detroit are just a few municipalities and states that stand on the brink of insolvency, and which for decades refused to even perform a modicum of fiscal responsibilty.

Tuesday, May 8, 2012

Europe isn't spending less, they are just spending less on their own people

European austerity is a relative term for the nations and people of the European Union.  On one hand, it represents a pullback from massive borrowing, spending, and public benefit programs, but it can also mean simply a pullback on where the money goes without cutting spending at all.

It appears now that austerity in Europe really is no more spending on the people, and instead giving money to banks, governments, and corporations, at the expense of the very populations who are barely surviving in desperation mode.


When you were a child and did something wrong, the worse possible words your mom could say were "wait til your father comes home!" and that dreaded anticipatory angst is what Europeans must be feeling now as the threat of austerity hangs like the sword of Damocles over their heads. The reason we say this is that in fact, as Veronique de Rugy of National Review Online notes, the 'savage' spending cuts in Europe have yet to show up anywhere. All the rhetoric of how Europe's austerity has failed, all the hand-wringing and election-winning, and yet all the major nations are spending more than pre-recession levels; France and the UK did not cut spending at all, and even in Greece and Spain cuts have been small (and any meaningful reforms failed to be implemented). In fact, the epicenter of the current meltdown - Spanish banking - has seen only de-minimus headcount reduction over the past few years - so who is tightening their belts? The trouble, of course, is that while the threat of austerity has struck fear in the hearts of every European voter, the action of raising taxes has hurt just as much and perhaps the "trumpeting the failure of austerity as a reason to go full-Keynesian again" chatter will recede as facts overtake fallacies. As Mark Grant recently noted, there's a big divide between austerity pledged and austerity implemented, as it appears its more about raising taxes than cutting spending. - Zerohedge



As you can see, nations like Spain, Greece, and Italy have not curtailed their spending at all, just moved where the money was going to.  In this case, it away from public benefit programs and more towards the banks, corporations, and crony capitalists who helped create the problem in the first place.

Buffett hypocrisy: Investors shouldn't hold cash while his own company has record levels

Ahh, the Warren Buffett syndrome... whis is, do as I say, not as I do.  In the latest round of Berkshire Week, where investors get a chance to listen to the Oracle of Omaha during the annual shareholders meeting, the hypocrisy of the market appointed 'greatest investor' is on center stage.

In a response to questions on what people should be holding, or where they should invest, the Bershire Chairman said that holding cash for investors is risky over time, which intimates that you should only hold it during times of crisis, but be prepared to use it to buy tanglible things.  However, what Buffett failed to mention is, his own company, Berkshire Hathaway, is in fact holding cash, and at record levels.

As can be seen in the attached clip Warren Buffett, as part of his anti money tirade, both real (gold) and fiat, the Chairman of Berkshire is certainly not a fan of holding cash in any form. To wit: "cash is as risky an asset you can own over time." In other words, the opportunity cost of not owning something else with that cash is indicative of even more risk in the equities arena. So one wonders: is the fact that Buffett's firm now has a record amount of cash on its books more an example of senility or hypocrisy.... Or is all hell about to break loose as per Buffett's own words? We can't decide. - Zerohedge




Buffett's comments also come within days of his right hand man saying in an interview that gold is something for the Jews in Hitler's Germany, but not an investment for civilized people.

The entirety of the Berkshire model appears to now be tied intrinsically to government largesse, and the need for investors to keep throwing good money after bad in the manipulated stock markets.  Berkshire is about owning good productive companies, however, if people are no longer buying what they have to offer, then the Oracle of Omaha is the one left holding the bag.

And perhaps this is why Buffett is holding cash, while at the same time, expecting you the investor to spend yours on him and his products.