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Time to Pick Up Some Gold
By John Thomas, Mad Hedge Fund Trader - OilPrice.com
Gold has clearly evolved into a call option on global quantitative easing. Don't think of it just as the stuff your dentist puts in your teeth or the thing your girlfriends gets you to wrap around her finger anymore. I don't think that the Federal Reserve will implement QE3 at its September 16-17 meeting, or even next year. This shocking realization will be bad for gold prices.
However, Europe is a completely different kettle of fish. Having just spent two months there, I can tell you with great certainty that the economic conditions are far more extreme than any economic data releases are indicating so far.
Jim Rogers on the Coming Fiscal 'Catastrophe'
By YUVAL ROSENBERG, The Fiscal Times
Renowned investor Jim Rogers is still worried. As the U.S. heads for the fiscal cliff at the end of the year, the chairman of Rogers Holdings has been outspoken about the consequences of the country's growing national debt. From his perch in Singapore, he still doesn't see much reason for real optimism. Rogers rose to investing prominence after starting the Quantum Fund with George Soros in the 1970s, generating an eye-popping and oft-cited return of 4,200 percent over a 10-year span that saw the S&P 500 climb less than 50 percent. Rogers "retired" as a multi-millionaire at age 37.
Deleveraging Needed In Next 4 Years: $28 Trillion
Submitted by Tyler Durden - ZeroHedge.com
Over the past several years, there has been much speculation and numerous reports that America is deleveraging. It isn't. In fact, consolidated across the 5 different kinds of American debt, which takes into account not only federal, but also financial, municipal, household and non-financial, total debt as a percentage of GDP has not budged over the past 4 years and is flat at 350% of GDP. Which simply means that all of the household debt that has supposedly vaporized (at least until the next major Flow of Funds revision), all of which has taken place purely from discharges on uncollectable mortgage and credit card debt, has been replaced by federal debt, while financial debt has merely soared to take the place of the collapsing shadow debt which is imploding as the confidence in a Fed-free financial system erodes to zero. Which of course, is the worst possible outcome: instead of funding private, individual entrepreneurs, who are the true basis for America's historic growth, prosperity and success (and who, unlike the government can and will fail if they dont allocated capital efficiently) the transferred debt (from household to federal) merely goes to fund the unproductive components of the US economy: the US government which by definition produces nothing, and the financial sector, whose only product is financial innovation which serves to make the TBTFs TBTFer, and pay record bonus after record bonus, and... that's it.
Ben Bernanke's Waiting Game
By Paul Vigna - WSJ.com
Despite all the hoopla in the market about QE3, which has run unabated pretty much since QE2 ended last year, we've been banging on contrarian points: That the Fed doesn't want to do another big bond-buying program, and won't unless it's absolutely forced to.
There are storm clouds on the horizon that may well force the bank to "do something," but they're still in the distance. Which means, as Goldman Sachs's Jan Hatzius argued, you might want to lay off those September QE3 bets.
Behold The Fed's Takeover Of The Bond Market
Submitted by Tyler Durden - ZeroHedge.com
The must see time lapse video below courtesy of Stone McCarthyshows the distribution across the entire curve of the US marketable debt, as it was held by either the Fed, or the private sector over the past three unconventional monetary policy programs: starting in 2003 and concluding yesterday. In one short minute, this clip demonstrates very vividly how the Fed effectively took over the US bond market.
Fed vs. Private Sector Treasury Holdings
Fed's Kocherlakota Says Inflation Target May Have to Rise
By Paul Ausick, 24/7 Wall St. - DailyFinance.com
Minneapolis Federal Reserve President Narayana Kocherlakota is generally considered a deficit and inflation hawk who mostly opposes both economic stimulus and increases in inflation above the Fed's "around 2%" target. But last night following a speech in North Dakota, Kocherlakota said that the Fed may have to consider letting inflation rise more in order to combat current high levels of unemployment.
The Wall Street Journal reports this morning that in answer to a question following his speech, Kocherlakota said:
"In a context, in a world, where unemployment is as high as it is," allowing inflation to tip over the current central bank target of 2% "could well be part of an appropriate policy," Kocherlakota said. The central bank may have to "give a little bit on the inflation front to do better on the employment front," although importantly, the central banker didn't predict this scenario will come to pass.
Fed's Plosser, George signal opposition to more easing
(Reuters) - Top officials at the Federal Reserve's Philadelphia and Kansas City regional banks have voiced doubts whether additional action by the U.S. central bank would be effective in spurring growth.
Separate remarks by Philadelphia Fed President Charles Plosser and Kansas City Fed President Esther George highlight a split at the top of the U.S. central bank between policy hawks and doves, who are ready to take further action to boost the economy.
How to Introduce a Gold Standard
BY RAFAŁ RUDOWSKI - FinancialSense.com
The idea of restoring gold to its former monetary status (or, as it is often described, "returning to the gold standard") seems to be increasingly popular all around the world. The main reason is the continuous debasement of all paper currencies that forces people to look for ways to protect their wealth. Additionally, it is commonly expected that the ongoing monetization of sovereign debts will lead to much higher inflation down the road. There is also a growing awareness that the government's, or central bank's, interference in the monetary sphere leads to various detrimental economic consequences such as distortions of price signals or inadequate levels of interest rates. Therefore, there is a need for a commodity money that would be hard to control and manipulate, and gold is the most obvious candidate to perform that role. Apart from that, it is becoming increasingly evident that the ability to create money by arbitrary decisions, which is a feature of fiat monetary systems, is a source of tremendous power and opens space for various forms of corruption. There are also many advocates of the idea of a global currency that would facilitate trade by removing costs, inconveniences, and risks connected with foreign exchange. Gold would fit perfectly.
Calling the Big Banks' Bluff
By Frank Schäffler and Norbert F. Tofall - Project-Syndicate.org
BERLIN – The G-20's decision in November 2008 not to let any systemically relevant bank perish may have seemed wise at the time, given the threat of a global financial meltdown. But that decision, and bad policies by central banks and governments since then, has given over-indebted major banks the power to blackmail their rescuers – a power that they have used to create a financial system in which they are effectively exempt from liability.
Finland prepares for break-up of eurozone
Finland is preparing for the break-up of the eurozone, the country's foreign minister warned today.
By Ambrose Evans-Pritchard - Telegraph.co.uk
The Nordic state is battening down the hatches for a full-blown currency crisis as tensions in the eurozone mount and has said it will not tolerate further bail-out creep or fiscal union by stealth.
"We have to face openly the possibility of a euro-break up," said Erkki Tuomioja, the country's veteran foreign minister and a member of the Social Democratic Party, one of six that make up the country's coalition government.
When will the euro collapse? It's already dead
Commentary: It's just the shell of a real currency
By Matthew Lynn
LONDON (MarketWatch) — Anyone who spends their time analyzing the euro debt crisis will know that there is one question you get asked again and again. When will the single currency finally collapse?
You can have fun giving a spuriously precise answer — July 28th, 2014, is my favorite (look it up on Wikipedia if you are wondering why).
But the truth is no one really knows. The euro EURUSD -0.0102% could stagger on from crisis summit to emergency bailout for another decade. Then again, it could be gone by the end of the month — if Greece is refused its third bailout, the country may be kicked out, and the entire currency could unravel over the course of a few chaotic days.
The Fiat World
by Jeff Berwick - GoldSeek.com
Today, the power of the state has corrupted society absolutely.
This week, fund manager Bill Gross tweeted how unhappy he is that Mitt Romney's VP selection is in favor of stealing less from citizens. He is calling for more theft and yet not a person at the cocktail parties he attends will slight him or call him a violent thief.
The corruption isn't just at the upper echelons of society either. It's everywhere. Almost everyone and everything in the US today suckles at the teat of the state.
Germany, Not Greece, Should Leave the Eurozone
Why should Germany continue to pay for the fiscal mistakes of other countries?
By Matthew Feeney - Reason.com
There's much talk of Greece leaving the euro. The current Greek government has almost certainly failed to implement the austerity measures necessary for future bailouts, and the left-leaning parties of Greece continue to cling to the myth of eurozone membership without austerity. Italian and Spanish membership of the euro is also increasingly in doubt, thanks to record levels of borrowing and government spending.
Keiser Report: Frankenmarket (E328)
In this episode, Max Keiser and Stacy Herbert discuss unknown people whose solvency is uncertain operating faster than the speed of light in the "franken-market" and Max Keiser asks, "what if a high frequency trading algo bot shrugged?" In the second half of the show, Max Keiser talks to Sandeep Jaitly of feketeresearch.com about the real Austrian economics of Carl Menger versus the fake Austrian economics of Ludwig von Mises. They also discuss how Ben Bernanke's confusion about what money and how central banks are leading us into a second dark age. Max and Sandeep also highlight the reason why rehypothecation in London is fraud. And, finally, Max hopes Lew Rockwell watches and learns.
Will Bernanke Save the Equity Markets?
By Vedran Vuk, Casey Research - GoldSeek.com
How far is the Fed from reaching the bottom of its ammunition box?
Well, both Mario Draghi and Ben Bernanke said no to yet more monetary stimulus last week.
Wall Street unsurprisingly was disappointed.
Wall Street expected more stimulus, as institutional investors are analyzing monetary policy from their own perspective rather than the central bank's viewpoint – understandable, but a big mistake.
Will Bernanke Bail Out An Incompetent Congress Once More
Submitted by Tyler Durden - ZeroHedge.com
The vital question of the moment is whether of not The Bernank will signal an intention of moving towards QE3 in his much-anticipated 'Jackson Hole' conference in two weeks. Citi's Tom Fitzpatrick believes "it would be irresponsible to do so and that we need a more 'responsible fiscal policy' which will not materialize as long as we have an 'irresponsible monetary policy' bailing policymakers out". However, what we think in this regard is totally irrelevant to this discussion for it is what we think the Fed thinks that is critical. Recent data seems to have been a little more supportive of the economy(on the face of it) and may lead the Fed to stay on hold in the near term (September meeting). This will almost certainly raise the bar extremely high for further easing as we head into the Presidential race proper. If this window closes then a move before December will be extremely unlikely barring a major financial/market/economic shock, since after the 9/13 meeting, there are no more meetings until 12/12. However thisincreases the danger of the Fed getting 'caught behind the curve' which must be balanced with the 'mistake' of one-monetary-step-too-far with very real inflationary consequences.
JPMorgan, UBS Said Among Banks Queried In Libor Probe
By David McLaughlin - Bloomberg.com
JPMorgan Chase & Co. (JPM) and Barclays Plc (BARC) are among seven banks subpoenaed in New York and Connecticut's investigation into alleged manipulation of Libor, according to a person familiar with the matter and company filings.
Subpoenas were sent in recent weeks to Deutsche Bank AG (DBK), Royal Bank of Scotland Group Plc and HSBC Holdings Plc (HSBA) in addition to JPMorgan and Barclays, the person said yesterday. Citigroup Inc. (C) and UBS AG (UBSN) received subpoenas earlier this year as part of the investigation.
Municipal Governments: Default Rates Higher Than Thought
By John M. Mason - SeekingAlpha.com
"Moody's Investment Service has reported that from 1970 to 2011, there were only 71 municipal bond defaults. But (a Federal Reserve Bank of New York) report counted 2,521 defaults."
"The report found a similarly vast gap in the raw numbers of defaults when it looked at data from Standard & Poor's. The Fed's combined database indicated 2,366 defaults from 1986 to 2011, compared with S & P's 47 defaults during this same period."
11 reasons to leave your 401(k) behind
Why you should leave 401(k) with your former employer
By Robert Powell, MarketWatch
BOSTON (MarketWatch)—If you lose your job or leave your employer, many wise a person will tell you to roll your 401(k) into an IRA. But experts say that might not always be prudent, and that there are plenty of reasons to leave your 401(k) with your former employer.
To be sure, you have to examine your own personal circumstances and decide what's best for you, but here's our laundry list of reasons—other than inertia—to leave your retirement account behind.
Romney and Ryan Would Return Us to the Bush Years
The Bush years were bad for freedom; without them, we would not have had an Obama administration.
By Andrew Napolitano - Reason.com
We are in terrible straits this presidential election. We have a choice between a president who has posed more of a danger to personal freedom than any in the past 150 years and a Republican team that wants to return to Bush-style big government.
President Barack Obama has begun to show his hand at private fundraisers and in unscripted comments during his campaign. And the essence of his revelations is dark. His vision of a shared prosperity should frighten everyone who believes in freedom, because it is obvious that the president doesn't. He believes the federal government somehow possesses power from some source other than the Constitution that enables it to take from the rich and give to the poor. He calls this "a new vision of an America in which prosperity is shared," and he declared, "If you've got a business, you didn't build that. Somebody else made that happen."
Tax Policy Center:
Yes, Romney's Plan Does Raise Middle-Class Taxes
By BENJY SARLIN - TalkingPointsMemo.com
The authors of a report showing Mitt Romney's tax reform proposal would raise taxes on the middle class aren't backing down from their findings, even after Mitt Romney derided the nonpartisan Tax Policy Center study as "garbage".
The Tax Policy Center addressed a number of criticisms from the Romney campaign and his supporters in a detailed Q-and-A posted on its website Thursday. None of the complaints affected its conclusions, which the group said were based on running simple numbers around Romney's previously stated goal of revenue-neutral tax reform that would lower income tax rates while eliminating tax deductions, starting with those that benefit the wealthiest Americans.
4 Myths Both Parties Want to Maintain
Through the Presidential Election
Obama and Romney try to create rhetorical differences where substantive ones may not exist.
By Ed Krayewski - Reason.com
To those not enamored by Teams Blue and Red, the rhetorical gymnastics performed in the run-up to a presidential election can be daunting. Yet underneath the hyper-partisan back and forth is an uncomfortable truth: a lot of what both sides are saying on the campaign trail is complete bullshit. Previously I broke down four misperceptions about Barack Obama some of his supporters advance. Some political misperceptions, however, are beneficial to partisans on both sides of the aisle, albeit for different reasons. Here are four myths that both the Democrats and the Republicans want to keep in circulation until the November election.
What Everybody Gets Wrong
About the Romney and Obama Medicare Cuts
Soledad O'Brien's "beatdown" of Romney ally John Sununu was hailed as a breakthrough moment for wonky TV journalism. In fact, it obscured more than illuminated our bizarre debate about Medicare.
By DEREK THOMPSON - TheAtlantic.com
When I woke up this morning, this link was everywhere -- on Twitter, on Facebook, and even in emails from friends: CNN's Soledad O'Brien being praised for her "smiling, document-heavy, wonky beatdown" of John Sununu, a Mitt Romney ally. The Huffington Post's Andy Ostroy called it "the best example of truly awesome journalism I've seen [in four years]" and NYU journalism professor Jay Rosen agreed, calling itthe future of CNN.
Ethanol in Gas Tanks Makes Food on Your Table Cost More
By the Editors - Bloomberg.com
Record-high corn prices should be sending a clear message to policy makers in Washington: Requiring people to put corn-based fuel in their gas tanks is a bad idea.
Since 2005, the U.S. government has mandated that gasoline contain ethanol, almost all of it derived from corn. The policy, ostensibly aimed at reducing the country's dependence on foreign oil and at improving the environment, has been a bonanza for farmers. Land planted with corn soared by a fourth after Congress passed the Energy Independence and Security Act of 2007, which required that gasoline producers blend 15 billion gallons of ethanol into the nation's gasoline supply by 2015.
What has been Driving Global Oil Prices Recently?
By James Hamilton - OilPrice.com
The price of Brent crude oil fell $35/barrel between April and June. But increases this summer have taken about $25 of that back.
The increase in crude oil prices also wiped out most of the gains realized by American gasoline consumers this spring. Here in California, the gasoline price spike back up has been significantly bigger than the national average due to a fire at a major San Francisco Bay refinery.
Food Inflation on the Rise
BY MONTY GUILD WITH TONY DANAHER - FinancialSense.com
Drought, bad crop data, and rising grain prices around the globe have put food inflation on the front pages, raising alarm in many circles. Consumers are concerned, food producers are concerned, businesses are concerned, and governments are concerned. While food may not be a huge percentage of the daily budget for those in the developed world, it is in the lesser developed countries. Food inflation can erode the standard of living in the emerging economics rapidly and when food prices go up too much, governments fall.
Ann Barnhardt - A Matter of Record
Ann Barnhardt and I (Warren Pollock) talk about the most important issues of today including the property rights, collateral, the lack of safety in savings and retirement plans, and the 2012 election. We discuss the Sentinel Bankruptcy as a test case for violating key safeguards to any and all of your financial instruments within the context of fraud or banking interests. This ruling has major implications to you as well as Jon Corzine. We anticipate the need to fund Treasuries with funds captured in retirement plans. Most importantly, Ann and I describe events without pointing the finger to "them" this is a time to take personal responsibility by finding clarity in current events.
Living Paycheck to Paycheck: Personal Finance for the 40%
By Susan Ricker, CareerBuilder - DailyFinance.com
It's pretty likely that you've kept an eye on how close payday is before, but have you ever had to create a game plan for how to make it until your next paycheck hits your account? If it feels like your money gets spent before you even see it, you're not alone:According to a new CareerBuilder survey, 40% of Americans say they rely on their next payday to make ends meet.
But before you start sweating about the economy, know that this number is actually down since the recession-era high of 46% in 2008.
College Dreams Are Dashed by the Housing Bust
By JOSH BOAK, The Fiscal Times
As if the aftershocks of the 2008 housing crisis hadn't already been reverberating loudly across college campuses, a growing body of research now finds that the meltdown is forcing higher income families onto financial aid – and causing some students to stop applying to their dream schools altogether.
Parents writing tuition checks for the upcoming fall semester are not only coping with loads of new debt, but more than the cost of a degree is being shifted onto their children. This cycle sparked by the housing bust, if not stopped, threatens to stunt the growth of the broader economy over time.
The Truth About How The Fed
Has Destroyed The Housing Market
Submitted by Tyler Durden - ZeroHedge.com
When observing the trends in the housing market, one has two choices: i) listen to the bulls who keep repeating that "housing has bottomed", a common refrain which has been repeated every single year for the past four, or ii) look at the facts. We touched briefly on the facts earlier today when we presented the latest housing starts data:construction of single family residences remains 46 percent below the long-term trend; the more volatile multifamily houses is 15 percent below trend and demand for new homes 47 percent below. This is indicative of reluctance by households to make long-term investments due to fear of another downturn in housing prices. Bloomberg summarizes this succinctly: "This historically weak demand for new homes is inhibiting the recovery of demand for construction workers as well, about 2.3 million of whom remain without work." But the best visual representation of the housing "non-bottom" comes courtesy of the following chart of homes in negative or near-negative equity, which via Bloomberg Brief, is soared in Q4, and is now back to Q1 2010 level at over 13.5 million. What this means is that the foreclosure backlog and the shadow inventory of houses on the market could be as large as 13.5 million in the future, which translates into one simple word: supply.
No Matter Who Wins, Health Care Rationing Is Coming
By MERRILL GOOZNER, The Fiscal Times
Medicare has moved to the center of this year's presidential campaign for a single overriding reason: shrinking the nation's long-term government deficit demands dealing with health care costs. No one – left, center or right – disagrees with that analysis.
What they also agree on is that limiting health care's inexorable growth will require cutting future payments to those who deliver care – the doctors and hospitals, the nursing homes and walk-in clinics and the medical device and drug companies. Each group will have to adapt to a new era when their growth doesn't automatically exceed the growth in the overall economy.
The Bogus Attack on Paul Ryan's Medicare Plan
It's time to retire the lame cliché
about "ending Medicare as we know it."
By Robert Herritt - Reason.com
By putting Paul Ryan on his presidential ticket, Mitt Romney has created an abundance of new fodder for our class of political prognosticators. It's a bold pick that will fortify his flagging support among movement conservatives, some have it. Others call it a giveaway to Democrats that weds Romney to the most politically risky parts of the Ryan fiscal vision and makes him an easy target for ferocious attacks from the left. And so on and so on.
Jobless rates rise in NY, NJ and Connecticut in July
(Reuters) - Jobless rates for New York, Connecticut and New Jersey all climbed in July, with New Jersey seeing its highest unemployment rate since 1977, according to data from the three neighboring states on Thursday.
New Jersey's jobless rate rose for the fourth month in a row, to 9.8 percent, up from 9.6 percent in June and from 9.4 percent in July 2011, according to preliminary numbers from the state Department of Labor.
Pessimism About Jobs Grows Worldwide
By Douglas A. McIntyre, 24/7 Wall St. - DailyFinance.com
As much of the world made a modest recovery from the recession, many people were still worried about their jobs last year. But, those concerns returned to prerecession levels - similar to the ones just ahead of 2009 - according to a Gallup poll. But, 2011 was not as bad a year economically as 2012, so the opinion of many workers probably worsened recently.
Gallup researcher reported the concerns in some countries were much less than in others. As might be expected, these were nations where the recession did not bite particularly hard, among them Singapore, Saudi Arabia, Kuwait, Australia and Canada. Each of these has large reserves of natural resources, or is a financial center large insulated from the banking problems that hit the United States and much of Europe in 2008.
Facedeals: Facial recognition marketing
stirs privacy discussion along with excitement
Red Pepper — an advertising agency specializing in marketing technologies — has announced that it is finalizing testing for Facedeals, a facial recognition-marketing app.
BY MICHAEL WALSH / NEW YORK DAILY NEWS
Facedeals, from marketing firm Red Planet, uses your Facebook photos to identify you in stores so you can get personalized offers and discounts. "The idea is not to invade privacy, which is a big issue right now," says Samantha Anderson, business director at Red Pepper. "Your face wouldn't be in any sort of database unless you opt into it."
Red Pepper — an advertising agency specializing in marketing technologies — has announced that it is finalizing testing for Facedeals, a facial recognition-marketing app. Still in its preliminary stages, the software has generated criticism from those who think this technology crosses the line. For others, however, Facedeals represents the next exciting step in customizable marketing.
Court Orders a Halt on Construction
of Brazil's 11 GW Hydroelectric Dam
By James Burgess - OilPrice.com
Celebrations abound for the environmentalists and indigenous tribes opposing Brazil's Belo Monte dam after a federal appeals court ordered construction of the giant hydroelectric project to be suspended until local communities are properly consulted about the possible consequences of the dam.
Souza Prudente, the federal judge that made the ruling, said that "the court's decision highlights the urgent need for the Brazilian government and Congress to respect the federal constitution and international agreements on prior consultations with indigenous peoples regarding projects that put their livelihoods and territories at risk. Human rights and environmental protection cannot be subordinated to narrow business interests."
Iran threatens to disconnect from the Internet
Politically, socially, the regime can't cut the cord
By Justin Rohrlich
NEW YORK (MarketWatch) — In April, Mikko Hypponen, chief research officer of F-Secure, a Finnish computer security firm, received an unusual email. It came from a scientist working at the Atomic Energy Agency of Iran, and read:
"I am writing you to inform you that our nuclear program has once again been compromised and attacked by a new worm with exploits which have shut down our automation network at Natanz and another facility Fordo near Qom.
Iran's nuclear program designed
to 'finish off' Israel, Hezbollah MP says
The entire equation in the Middle East will change,
Walid Sakariya tells al-Manar TV
By ILAN BEN ZION - TimesOfIsrael.com
Hezbollah MP Walid Sakariya told Lebanese television this week that the nuclear weapon Iran is allegedly developing is intended to annihilate Israel.
In a segment recorded and translated by MEMRI (the Middle East Media Research Institute), Sakariya, also a retired general, told his interviewer on Hezbollah's al-Manar TV Tuesday that should Iran acquire a nuclear weapon it would serve Syrian as well as Iranian interests, namely the eradication of the Jewish state.
Is Israel's Rush to Strike Iran Based on U.S. Politics?
By the Editors - Bloomberg.com
Israeli officials are warning they might have to launch an attack on Iran's nuclear facilities, perhaps even before the U.S. presidential election in November. Israel's concerns about a nuclear-armed Iran are well-founded, but this speeding up the timeline on a potential strike is ill- judged.
What is the sudden urgency? Nobody has been able to point to a recent game-changing event in Iran. Michael Oren, Israel's ambassador to the U.S., was asked Wednesday by Bloomberg News whether it was tied to U.S. politics, the idea being that Israel might have more leverage to influence U.S. responses during an election campaign than after. He dismissed this.
Will Egypt cancel peace treaty with Israel?
A former envoy thinks it might, but most experts disagree
Muslim Brotherhood leaders are skilled at realpolitik, says one academic. 'They have their Islamist ideology, but they also have a ladder to come down from when reality intervenes'
By RAPHAEL AHREN - TimesOfIsrael.com
Now that President Mohammed Morsi has ousted the leadership of Egypt's armed forces, will his next step be to cancel the peace treaty with Israel?
According to former Israeli ambassador to Egypt, Eli Shaked, that's what the Egyptian "street" wants him to do, and it's certainly possible. "Egypt might take a step to abolish… diplomatic relations with Israel," Shaked told reporters Monday, "because this is actually until today the demand that is coming from the people in the street."
U.N. monitors quit, saying Syrians choose "path of war"
By Dominic Evans and Hadeel Al Shalchi
BEIRUT/ALEPPO | Thu Aug 16, 2012 6:47pm EDT
(Reuters) - Syria's government and rebels have "chosen the path of war", a U.N. peacekeeping chief said as the world body ended its doomed monitoring mission to Damascus and deadlock persists among world powers over how to contain the spreading conflict.
Two weeks after former U.N. secretary-general Kofi Annan quit as mediator in frustration with the failure of a four-month-old truce, military observers have no peace on the ground to monitor and U.N. officials said on Thursday the last of the few dozen remaining team members would quit Damascus by August 24.
Syria's conflict has crossed the border,
and the ghost of Lebanon's civil war returns
Kidnappings in Beirut highlight a sectarian divide
made worse by neighbouring violence
By Robert Fisk - Independent.co.uk
Lebanese kidnappings 'stir memories of civil war'. Gulf Arabs flee Beirut. Lebanese Hezbollah sends 1,500 men to help Bashar al-Assad. Ex-Lebanese minister charged in Syria terror plot. The 'spill-over' – it's become the new cliché for Lebanon in the shadow of Syria's war – is fast becoming as dishonest as the lies invested in its promotion. So like gangrene, fear spreads across Lebanon when it needs a surgeon's dissection.
First, the kidnappings, 20 of them, all Sunni Muslims – Syrian businessmen, a Turk and a Saudi – near the airport road in Beirut, a highway controlled by the pro-Iranian, pro-Syrian and very much Shia Muslim Hezbollah. The Saudis, the Emiratis and Qatar have urged their citizens to flee the fleshpots of Beirut. And yes, kidnappings were fuel to the fire of the first weeks of the 1975-90 Lebanese civil war. But the reason for these abductions is a lot less clear.
--------- future world; singularity, deception -----------
Disney Developing 'Physical Face Cloning'
LAKE BUENA VISTA, Fla. (CBS Tampa) – Scientists employed by the Walt Disney Company have developed technology that allows them to replicate, with near perfect accuracy, the very versatile human face.
Documents posted on the official Disney Research website details plans for what they refer to as physical face cloning.
"We propose a complete process for designing, simulating and fabricating synthetic skin for an animatronics character that mimics the face of a given subject and its expressions," the document states.
Physical Face Cloning
We propose a complete process for designing, simulating, and fabricating synthetic skin for an animatronics character that mimics the face of a given subject and its expressions. The process starts with measuring the elastic properties of a material used to manufacture synthetic soft tissue. Given these measurements we use physics-based simulation to predict the behavior of a face when it is driven by the underlying robotic actuation. Next, we capture 3D facial expressions for a given target subject. As the key component of our process, we present a novel optimization scheme that determines the shape of the synthetic skin as well as the actuation parameters that provide the best match to the target expressions. We demonstrate this computational skin design by physically cloning a real human face onto an animatronics ﬁgure.
Future of Data: Encoded in DNA
By ROBERT LEE HOTZ - WSJ.com
In the latest effort to contend with exploding quantities of digital data, researchers encoded an entire book into the genetic molecules of DNA, the basic building block of life, and then accurately read back the text.
The experiment, reported Thursday in the journal Science, may point a way toward eventual data-storage devices with vastly more capacity for their size than today's computer chips and drives.
"A device the size of your thumb could store as much information as the whole Internet," said Harvard University molecular geneticist George Church, the project's senior researcher.
Transhumanism Agenda: Super Race, DNA Manipulation, Evolution's Dehumanization Of Man
TRANSHUMANISM Tom Horn Full Length IMPORTANT!
The Singularity: Science's Quest
For Immortality And Satan's Deception
By Beginning and End
In Russia in March of 2012, the Global Future: 2045 Conference or 'GF2045′ held to focus on the Singularity – the moment when humanity will physically combine with machines to allow for humans to live outside of the physical body, with robot "avatar" bodies and overcome disease, pain and even death. While it sounds like the stuff of a science fiction movie, it is a very real movement and field of study for scientists who believe that humanity is on the cusp of its next stage of evolution. And it once again reveals an attempt to reach immortality without the God of the Bible.
As the conference states on its own website:
The Global Future 2045 Congress is a nonprofit organization with the goal of creating a network community with the world's leading scientists in the field of life extension and to support them as an investment hub, contributing to various projects.
Trans-Humanism: Mixing Human DNA
with Animal DNA. Tom Horn
World governments are facing a secret that they don't want you to know about. Humanity is about to be replaced!
Health Ranger, Mike Adams, is on the Singularity bandwagon of transformational consciousness and divine liberty (apart from God, of course). This form of deception will wax worse so be aware of where these high profile, well-intended individuals are leading. The Singularity 'revelation' will be the biggest 'news' in the very near future; a blurry dividing line between truth with an abundance of lies confusing those who don't know God - it is a powerful deception with a common denominator - that man can become like God, so take the transformation leap of faith or be left behind in your ignorance. What you really need to do in the face of deception is stand your ground in the Lord Jesus Christ grounded in the word.
An introduction to Divinity Now:
Consciousness and the Creator, cosmology,
divine liberty and more
by Mike Adams, the Health Ranger
(NaturalNews) Welcome to Divinity Now, an exploration of conscious cosmology. "Conscious" means we each have a soul, a sense of self awareness, and free will to decide our actions. "Cosmology" is the study of the physical universe and its origins.
Conscious cosmology stands in contrast to conventional ("scientific") cosmology, which believes in what I call "zombie cosmology" -- a dead universe where there is no consciousness, no souls, no minds, no free will and no Creator. Zombie cosmology is the dominant belief system among conventional scientists today. They do not believe in God or a Creator, they do not believe in consciousness, and they don't even think human beings are "alive" with a spirit and free will. This view is closely held by physicists such as Stephen Hawking who declare that religion is a "fairytale for people who are afraid of the dark." He also says that human beings have no free will and are merely "biological robots" who therefore have no responsibility for their own actions.
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by Mike Adams, the Health Ranger
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Ray Kurzweil: After the Singularity, We'll All Be Robots
At what point does a robot become so lifelike that it becomes a human? And vice-versa, at what point does a human with robotic enhancements no longer become a human?
Do NOT be deceived... this will come upon unsuspecting man as a powerful delusion.
Michio Kaku on The Singularity
A NEW AGE of super-human existence (humanity becoming like "the Gods" - oldest lie in the Book)
Is this what we want... fake trees to replace real trees nowdying from drought and metallic salting of the air using chem trails?
Documentary- A Silent Forest. The Growing Threat, Genetically Engineered Trees - Full Movie
Here's what they want us to accept (first you have to swallow the lie of 'evolution') and as a PhD tenured professor, he wants you to take this seriously... What's coming is a deep divide between those who believe in God and creation, and those who don't. Those who couldn't care less will be deceived.
Technological Singularity Evolution:
Wormhole to The Future of Humanity
Dr. Eamonn Healy, Irish Scientist and Professor of Chemistry at St. Edward's University in Austin, Texas, speaks about how the technological singularity may occur in humankind and how our integrated consciousness may become a counter-intuitive, individual-driven evolutionary process rather than a process which is at the whim of the collective. This could ultimately result in humanity becoming a non-gregarious, cybernetic species with access to multiple consciousness and eventually immortality. This would emanate in our evolution towards a galactic civilization.
And you thought the bible was unbelievable, yet people are actually buying this concept...
The Transcension Hypothesis -
What comes after the singularity?
From Chemtrails to Pseudo-Life:
The Dark Agenda of Synthetic Biology
(FULL LENGTH VIDEO)
Hitler would have loved The Singularity:
Mind-blowing benefits of merging human brains and computers
By IAN MORRIS, PROFESSOR OF CLASSICS
AND HISTORY AT STANFORD UNIVERSITY- DailyMail.co.uk
Of all the tall tales in the science-fiction TV series Star Trek, what impressed me most when I was a little boy was the Vulcan mind meld.
Laying his hands on the head of a human (or, in one of the films, a humpback whale), Mr Spock could, for a moment, dissolve the distance between two living things.
Each experienced everything the other felt, thought, knew and saw.
Now it seems scientists are about to make the Vulcan mind meld a reality – and go far beyond it.
Singularity is Optional
by HHW- UnderstandingMatters.com
Singularity is the ultimate op-in for humans. It offers us the lust for life, freedom from want, pain, struggle, and DEATH. This choice is designed to usher in a transformation of humankind, into a New "Age of Aquarius" which was dawning in the late 1960s but in the plan long ago. It's free for the taking, but it will cost you everything. You decide.
The purpose of Singularity is basically three-fold: 1) glorification of man, as God, 2) overcome death in the flesh, 3) worship Satan as the most High God, in order to circumvent God's purpose of and for man, and His plan for mankind.
Aquarius - The Age of Evil (Full)
From Documentary film maker Keith Thompson
'Aquarius: The Age of Evil' examines the history of the new world order. It demonstrates that the new world order is New Age oriented. The Zeitgeist films and movement are exposed and shown to have ties to the New Age, Theosophy, Freemasonry and the new world order movements. It covers Benjamin Creme, Maitreya, 2012 and the utopian New Age coadjutors who have infiltrated the patriot-movement. The film investigates how the Bible predicts the coming new world order dystopia. The film also covers such topics as: Share International, Alice Bailey, Helena Blavatsky, Madam Blavatsky, H.P. Blavatsky, Theosophy, Theosophical Society, Lucis Trust, lucifer Trust, Freemasonry, Masonic Lodges, communism, socialism and more. Called into question are the opinions and PUBLIC teachings of jordan maxwell, david icke, peter joseph, and d.m. murdock (aka acharya s)
Interviews with Constance Cumbey, Dr. Scott Johnson, and Chris White.
Researched by Keith Thompson and Eric Brame
New Age Deception Vs The Truth
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