Unlike QE1, QE2 is not about saving the banks. It's about saving the country from Greek-like austerity measures necessitated by a burgeoning federal debt [and its associated interest].
...QE2 is not a "helicopter drop" of money on the banks or on Main Street; it is the Fed funding the government virtually interest free, allowing the government to do what it needs to do without driving up the interest bill on the federal debt. The Fed failed to revive the economy with QE1, but it may yet redeem itself with QE2. QE2 could set a bold precedent prompting other countries to break the chains of debt peonage and fund their governments with their own national credit.
In FY 2010, 46% ($414B) of our federal personal income taxes ($899B) went to pay the interest on the federal debt. If folks are concerned about taxes, they should be as, or more, concerned about UNNECESSARY interest paid to private banksters. In other words, we should have a PUBLIC central bank that creates money interest-free, which is effectively what the Fed is reluctantly doing with QE2.
The collapse of American society occurs in early 2011. The system was fundamentally headed toward this stunning unraveling for decades, but it took a multi-city nuclear "terror" attack on American soil to plunge the system into chaos.
Food, fuel, and medicine supply lines disappeared overnight and money quickly became useless. It was every man for himself and there was little the government could do to stem the flow of anarchy and looting in the streets ....
US scientists warned Friday that the full-body, graphic-image X-ray scanners that are being used to screen passengers and airline crews at airports around the country may be unsafe.
"They say the risk is minimal, but statistically someone is going to get skin cancer from these X-rays," Dr Michael Love, who runs an X-ray lab at the department of biophysics and biophysical chemistry at Johns Hopkins University school of medicine, told AFP.
Webmaster's Commentary:
The tale of these back-scatter xray devices becomes more and more curious.
"The U.S. government is using $25 million in stimulus money to buy and install full body scanners in airports this year, in an effort to ramp up security and create jobs."
The Transportation Security Administration is using funds from the American Recovery and Reinvestment Act to purchase 150 of the full body scanners, according to TSA spokeswoman Sarah Horowitz."
"These "backscatter" scanners, which use X-rays to provide detailed images of hidden objects in or under a person's clothing, are manufactured by Rapiscan, a subsidiary of Hawthorne, Calif.-based OSI (OSIS). The scanners cost from $150,000 to $180,000 apiece, according to the company."
One has to wonder, with OSI's track record (this company has been around for over 30 years) why such a potentially lethal device would have been cleared for sale, with the real possibility that frequent flyers may sue due to cancer from the radiation coming out of these machines, unless the Federal Government had indemnified them from any and all potential lawsuits.
A New York congresswoman says the possibility of cyber attack against the nation’s power grid is 100 percent, and that such an attack would likely do untold harm.
Anathan Thangavel of Lakshmi Capital is telling his clients to go long silver futures and call options. He says he will make additional silver purchases on any pullback in the metal’s price...
Airport security in America is a sham—“security theater” designed to make travelers feel better and catch stupid terrorists. Smart ones can get through security with fake boarding passes and all manner of prohibited items—as our correspondent did with ease.
Pilot unions at two of the nation's largest airlines are advising their members not to submit to body scanners at airport security checkpoints as tension grows over what they see as intrusive or risky checks.
Unions representing pilots at American Airlines and US Airways have advised their more than 14,000 members to avoid the scanners, which peer beneath clothing, and instead get a pat down from Transportation Security Administration (TSA) officers.
That has created additional problems as some pilots have complained that the hand searches, which were altered by TSA starting Nov. 1, are invasive.
The Joseph-Beth Group has filed for federal bankruptcy protection while the bookseller restructures with fewer stores.
The Cincinnati-based company says it's closing stores in Cleveland and Nashville, on the heels of last week's announcements of closings in Pittsburgh and Charlotte, N.C. Joseph-Beth blames the weak economy and changes in the book industry — online discounters and e-readers have added to pressure on traditional book stores...
When Crown Publishing inked a deal with George W. Bush for his memoirs, the publisher knew it wasn't getting Faulkner. But the book, at least, promises "gripping, never-before-heard detail" about the former president's key decisions, offering to bring readers "aboard Air Force One on 9/11, in the hours after America's most devastating attack since Pearl Harbor; at the head of the table in the Situation Room in the moments before launching the war in Iraq," and other undisclosed and weighty locations.
Crown also got a mash-up of worn-out anecdotes from previously published memoirs written by his subordinates, from which Bush lifts quotes word for word, passing them off as his own recollections. He took equal license in lifting from nonfiction books about his presidency or newspaper or magazine articles from the time. Far from shedding light on how the president approached the crucial "decision points" of his presidency, the clip jobs illuminate something shallower and less surprising about Bush's character: He's too lazy to write his own memoir.
Happy Friday to all the readers, mods, and to Mike Rivero. Let's all get some rest and get ready to fight the power again next week! You guys are an inspiration!
WRH leads the willing on a constant search for truth!
Plans are in motion for a “false flag” attack on America. Iran will be blamed, everyone knows that and Iran will be totally innocent. This is the last thing Iran would ever want. The most likely scenario is a nuclear attack. Two bombs are missing, bombs built by Israel in South Africa and lost long ago. These were supposedly Saddam’s bombs. Now we are told Iran has them. Israel has had them all along and the fear, they may be inside the United States already.
It is now reaching the general consciousness that it is those with the money that control our destinies. Where once many believed that our betters who order our lives reside in Westminster, the realisation that those with the power are more likely to inhabit the City’s Gherkin building is dawning on us...
Mercy is the essence of Christianity and revenge is the essence of Judaism. This is the great distinction between the two. Here below, Zionist reporter A.J. “Gruesome” Goldmann revels in John Demjanjuk’s hideous judicial torture in Zionist Germany. Mr. Goldmann is either too arrogant or too obtuse to understand how shocking to non-Talmudists is this prolonged torture of an ailing 90-year-old Christian and the extent to which his torment is gleefully celebrated by rabbis, Zionists and ghouls like Goldmann. (Goldmann insinuates that Demjanjuk is not ill: "Demjanjuk’s health issues...possibly fabricated to gain the court’s sympathy...”).
Webmaster's Commentary:
This is not really a Christian versus Jewish issue. Israel's entire justification for taking Palestine away from the Palestinians is what happened in WW2, even though obviously the Palestinians did not have anything to do with that. Israel already arrested Demjanjuk once before, tried and convicted him and sentenced him to death. Demjanjuk was spared from execution at the last moment when evidence surfaced proving he was not the Guard "Ivan The Terrible."
So Demjanjuk was released and Israel's Nazi-hunters proven wrong. But Israel's Nazi-hunters can never ever be allowed to be seen as wrong, because of Israel's Nazi-hunters were wrong about Demjanjuk then the public starts wondering what else they were wrong about and how many innocent people were executed before evidence of their innocence could surface.
So, for the sake of the illusion of Israeli infallibility and the reassert that Israel never EVER makes mistakes, the Holocaust Industry came back for another go at Demjanjuk. For the sake of Israel's self-image, Demjanjuk is to be sacrificed on the altar of the Nazi Hunters. He must be guilty, of what is little matter. Accusation is proof of guilt against which even innocence cannot be allowed as a defense!
Moshe Harel among seven indicted for membership of a criminal group trafficking people into Kosovo to remove human organs for transplant; another Israeli citizen, Zaki Shapira, identified as co-conspirator.
Before Pythagoras: The Culture of Old Babylonian Mathematics displays thirteen Babylonian tablets which show that people of the region were math experts more than 1,000 years before Greek mathematicians were even born.
The cash-strapped U.S. Postal Service delivered more bad news Friday, announcing it lost $8.5 billion in the fiscal year that ended in September. Without congressional action to change its obligations, officials said, the Postal Service likely will go broke at the end of fiscal 2011.
Letter carriers delivered 170.6 billion pieces of mail in fiscal 2010, a drop of 6 billion pieces from the previous year, with a significant drop in first-class mail deliveries, officials said. Financial losses also came from about $5.4 billion in obligations to pre-fund future retiree health benefits and about $2.5 billion paid to the federal government's workers' compensation insurance fund.
People from all walks of life are rejecting the mass implementation of radiation spewing airport body imaging machines and fighting back against the molestation and groping that women and children are being subjected to at the hands of TSA officials.
As we have detailed throughout the week, multiple pilot’s unions are advising their members to avoid the scanners, while simultaneously denouncing the enhanced pat downs as humiliating and on a par with sexual harassment.
"It's an image of a nude child that they're seeing. This is child pornography whether people want to believe this or not. How is this any different," said Nemphos. "
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