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Thursday 05.24.2012

Hedge Funds Re-evaluate Gold's Potential
BY CLIF DROKE - FinancialSense.com
Gold's biggest problem since February has been one of relative weakness. This weakness in turn has kept the market-moving hedge fund players away from gold. But as we'll see in the latest commentary, that may be about to change.
In late February when the gold price rallied sharply to its highest level of the year at $1,793 it looked, on the surface, like gold was finally about to break out of its holding pattern since last September when the metal took a sharp dive. The February rally proved to be a "head fake" however. The yellow metal took another plunge within days of making its late February high at $1,793 and fell to a low of $1,538 on May 16.

Gold is bottoming, to decline further before next rally
By Chris Vermeulen - CommodityOnline.com
Gold prices are in a process of bottoming, it could decline further before the start of another rally upwards. Central Banks have preferred printing enormous amount of fiat currencies sharing the same view as Keynesian economist Paul Krugman.
They believe that the modern finance system does not need gold and that fiat currency is the answer even though history argues in their face across multiple millennia.

Dollar Backwardation
By Keith Weiner, New Austrian School of Economics - GoldSeek.com
The current financial crisis, may progress to a phase where people demand and hoard dollar bills but take electronic deposit credits only at a discount which increases until electronic deposit credits are repudiated entirely. The Federal Reserve would be powerless to solve the problem, because while they can create unlimited electronic deposit credits they can't create unlimited paper dollar bills, "money you can fold" as Professor Antal Fekete calls it. There would be a glut of electronic deposits, but a shortage of dollar bills.

The Real Crash
By: Peter Schiff - GoldSeek.com
I first came to national attention back in 2008 and 2009 when the housing and credit markets imploded. I became known as the guy that other market "experts" laughed at when I warned of trouble brewing in the seemingly indestructible American economy. After the wheels ground to a halt in mid-2008, people noticed that my book Crash Proof, originally released in early 2007, read like a detailed preview of many of the events that eventually unfolded.

US TBond Tower of Babel Teeters
By: Jim Willie CB
The Biblical story is told of a tower built ever higher in order to achieve contact with the heavens, lest they be scattered upon the earth. They were scattered when the tower fell. Fast forward to today, where the earth has a multitude of tribes, languages, and several major alphabets. When the Lehman Brothers failure occurred, and the Fannie Mae and AIG activities were to be concealed under court orders, the land turned barren, and a financial plague befell the Western nations led by the United States. They were after all, the keepers of the ark (printing press for USDollars). But a plague of debt locusts was cast upon the US nation, with annual $1.5 trillion deficits. The Americans in their unending arrogance, chose to speak from the tower top and to proclaim 0% forever, suspending gravity. They have attempted to force free money to finance their USGovt debts, to preserve power, to ensure privilege, but in doing so they defy nature in testing gravity itself.

Greece Rattles Global Markets: Gold, Oil 'Getting Crushed'
By: Patti Domm - CNBC.com
Fears that Greece could leave the euro zone, triggering an exodus by other weak sovereigns, spread through financial markets, sinking stocks and sending the euro to a 22-month low.
As the Dow saw a triple digit loss, buyers rushed into U.S. Treasurys, pushing yields close to historic lows.
The German 30-year bund yield fell below 2 percent for the first time, and strong demand for the safe haven bund resulted in a 2-year note auction yielding zero.

US 'fiscal cliff' looms into view
By Michael Mackenzie, Arash Massoudi
and Vivianne Rodrigues in New York - FT.com
If you think America's debt problems have gone away, think again. With US presidential elections just months away, wary investors are gauging the impact on markets of a so-called "fiscal cliff" of huge tax rises and spending cuts that are due to kick in.
Economists warn that the legislative uncertainty surrounding the debt ceilingcould result in government gridlock that ultimately pushes the US back into recession. That risk threatens to cast a shadow over equities and other financial assets.

GERALD CELENTE - Apocalypse Now.
The System is Falling Apart
(World Economy, Iran, China, USD)

Merkel and Hollande to 'let off steam' at EU summit
BY VALENTINA POP - EUObserver.com
BRUSSELS - EU leaders gathering in Brussels on Wednesday (23 May) evening for an informal summit on how to invigorate the economy are likely to see a sharp exchange of views between France's new President and the German Chancellor on the subject of eurobonds.
France's Francois Hollande in recent days has received broad international support for his ideas on economic stimulus - ranging from US President Barack Obama to the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), which on Tuesday warned the euro-crisis is the "greatest threat" to the world economy unless leaders get their act together.

Eurozone crisis:
Germany and France clash over eurobonds at summit
French president François Hollande marks his Brussels debut by challenging chancellor Angela Merkel over bailout
By Ian Traynor in Brussels and Patrick Wintour - Guardian.co.uk
European leaders were locked in deep divisions over the future ofGreece and the single currency, with Germany and France at loggerheads for the first time in 30 months over how to restore confidence in the euro.
A special EU summit marking the debut of France's President François Hollande saw him challenge Germany's chancellor, Angela Merkel, on the euro, arguing that the pooling of eurozone debt liability – eurobonds– had to be retained as an option for saving the currency. Merkel has ruled out eurobonds as illegal under current EU law.

Eurobonds: The Issue That Could Shatter Europe
By Michael Snyder - TheEconomicCollapseBlog.com
Would you pool your debt with a bunch of debt addicts that have no intention of reducing their wild spending habits? Of course you wouldn't. But that is exactly what Germany is being asked to do. Increasingly, "eurobonds" are being touted as the best long-term solution to the financial crisis in Europe. These eurobonds would represent jointly issued debt by all 17 members of the eurozone. This debt would also be guaranteed by all 17 members of the eurozone. This would allow all countries in the eurozone to enjoy the same credit rating that Germany does, and borrowing costs for nations such as Greece, Portugal, Italy and Spain would plummet. But borrowing costs for Germany would rise substantially. In fact, it is being estimated that Germany could be facing an extra 50 billion euros a year in interest expenses. So over ten years that would come to about 500 billion euros. Needless to say, Germany is not thrilled about this idea. But new French President Francois Hollande is pushing eurobonds very hard, and he has the support of the OECD, the IMF and many top Italian politicians. In the end, this could be the key to the future of the eurozone. If the Germans give in and decide that they are willing to deeply subsidize their profligate neighbors indefinitely, then the euro could potentially be saved. If not, then this issue could end up shattering Europe.

Rise of The EU Commissars: Lord Monckton's In-Studio Report
Lord Monckton joins Alex in-studio today, Wednesday, May 23. Monckton is a British politician, public speaker, former newspaper editor, and a spirited critic of the globalist theory of anthropogenic global warming. Mr. Monckton is in the United States to attend the libertarian Heartland Institute's conference in Chicago.

Letting Greece leave the euro
is the lesser of two evils for all concerned
Markets were capitulating last night as a euro break-up took a step closer.
By Damian Reece - Telegraph.co.uk
Greek yields blew out again, UK and German yields contracted further, while equity markets in the US and Europe were a sea of red.
Contingency plans for a Greek exit have been talked about all week but none of them add up to more than the financial equivalent of "duck and cover" – the US government's advice it gave citizens in the event of a nuclear attack.

Gerald Celente - Goldseek Radio - 16 May 2012

No compromise in sight on EU document secrecy
BY ANDREW RETTMAN - EUObserver.com
BRUSSELS - Negotiators remain far apart on new rules to govern which internal EU documents can be released for public scrutiny.
Jakob Alvi, the Danish EU presidency spokesman, told EUobserver on Tuesday (22 May) that member states and the European Parliament rapporteur on the dossier, British center-left MEP Michael Cashman, remain poles apart after initial talks, set to continue on Wednesday.
"He made it clear the negotiating mandate that we [member states] have is not something he can accept ... and the same goes the other way around," Alvi noted.

Debt crisis: Germany holds a gun to Greece's head
Pressure on Greece increased dramatically on Wednesday night after Germany's central bank called for a suspension of financial support to Athens and eurozone finance ministries agreed to draft contingency plans for a Greek exit from the euro.
By Ambrose Evans-Pritchard - Telegraph.co.uk
In a blunt warning to Athens, the Bundesbank said a Greek withdrawal from the eurozone would be disruptive but "manageable", undermining claims by Greece's radical anti-austerity leader, Alexis Tsipras, that Europe would not dare pull the plug.
"When the Eurosystem provided Greece with large amounts of liquidity, it trusted that the programmes would be implemented and thereby ultimately assumed considerable risks," said the bank. "In the light of the current situation, it should not significantly increase these risks."

UN Security Council 'tired and out of step',
says Amnesty International
Human rights group criticises UN body's inaction
over Syria and says it is increasingly unfit for purpose
By Lizzy Davies - Guardian.co.uk
The UN Security Council is suffering a failure of leadership which makes it seem "tired, out of step and increasingly unfit for purpose", the human rights organisation Amnesty International (AI) says on Thursday as it chastises the "determination" of some permanent member states to shield the Syrian regime "at all cost".
In its 50th global human rights report, AI documents human rights abuses in countries across the globe, noting a worsening discrimination against gay people in Africa and an increase in xenophobic rhetoric by some European politicians.

45 Signs That China Is Colonizing America
By Michael Snyder - EndOfTheAmerianDream.com
Just because you were once the most powerful nation on earth does not mean that you will always be the most powerful nation on earth. Every single year, hundreds of billions of dollars leaves the United States and goes to China. This enormous transfer of wealth has had a dramatic effect on both countries. In case you haven't noticed, many of ourformerly great manufacturing cities such as Detroit are rotting away while shining new factories and skyscrapers are going up all over China. If you go into any major retail store today and start turning over products, you will find that hundreds of them have been made in China and that very few of them have been made in America. As a nation, we buy far, far more from China than they buy from us. As a result, China is absolutely swimming in cash and they have been looking for things to do with all that money. One thing that China has done is loan the U.S. government over a trillion dollars and this has given the Chinese a tremendous amount of leverage over us. China has also started to buy up businesses, real estate and natural resources all over America. This kind of "economic colonization" is similar to what China has already been doing in Africa, South America and Australia. The formula is actually very simple. We send them our money and then they use it to buy us. With each passing day China's ownership over America grows, and it is frightening to think about where all of this could end.

Jamie Dimon's Little Shop of Horrors! Max Keiser Reports
Alex talks with broadcaster, film-maker, and television show host Max Keiser, who will talk about Greece, the crumbling eurozone, and the Facebook IPO fiasco.

The Great Credit Crunch Continues
By Richard Suttmeier - TheStreet.com
NEW YORK (TheStreet) -- With the losses growing on the JP Morgan (JPM_) derivatives trade, it's time to review why the great credit crunch continues. In addition, I will provide some ideas on how to fix the mortgage market and jump start new home construction on Main Street, USA.
More than a year ago, the government panel called Financial Crisis Inquiry Commission blamed banks that made reckless bets, credit rating agencies that endorsed risky mortgage-backed securities and government regulators who overlooked warning signs until they threatened the global financial system.

Who will replace Tim Geithner?
Guessing game begins over next Treasury chief
By Glenn Somerville
(Reuters) - Wanted for the Treasury Department: a new boss who can fix trillion-dollar-plus budget deficits, overhaul the tax system and spur a reluctant Europe into fixing its debt crisis.
It's a tall order, especially when the new Treasury chief also must deal with a fractious Congress - and all for a salary lower than that paid to many junior Wall Street bankers.

The Growing Fed
By BINYAMIN APPELBAUM - NYTimes.com
One part of the economy that's growing rapidly is the Federal Reserve.
These are boom times for the central bank, which persuaded Congress to expand its responsibilities significantly in the wake of the financial crisis.
And with greater responsibility comes a larger budget. If not in every case, then at least in the case of the Fed, which as it happens sets its own budget.

Eileen Foster and the Failure of Corporate Criminal Justice
Exposing Countrywide
by RUSSELL MOKHIBER - CounterPunch.org
Last month, Eileen Foster was at the National Press Club to receive the $10,000 Ron Ridenhour Prize for Truth-Telling. In 2007, Foster was a vice president in charge of investigating fraud at Countrywide Financial. A full time job, if you can keep it. Which she couldn't.
Because she took her job seriously.
A Countrywide employee in Boston called Foster with evidence of widespread loan fraud in the Boston area.
Foster investigated and confirmed the employee's report and eventually shut down six Countrywide offices in Massachusetts.
She started to pursue what appeared to be systemic fraud at the company when the executive suite got itchy.
On September 8, 2008, they came to Foster and put a 14-page document on her desk. Foster calls that a gag order. They also offered her $228,000. Foster calls that hush money. She was told if she accepted the money and signed the document, she could quit. If not, she would be fired.
She was fired.

Doug Casey on Taxes and Freedom, Part II
By Doug Casey - DailyReckoning.com
05/22/12 Louis James: Tax Freedom Day this year was April 17.
Doug: That means that all the work the average guy does until April 17 goes to pay for the government that failed to protect him on September 11, 2001, failed to protect him from the crash of 2008, and continues failing him every day. We pay for an organization bent on doing not just the wrong things, but the exact opposite of the right things in economics, foreign policy, and everything else we've talked about in all our conversations. It's rather perverse that Emancipation Day — the day the first slaves in the US were freed in the District of Columbia in 1862 — is April 16. But what is a slave? He's someone who is deprived by force of the fruits of his labor. Sound familiar? I disapprove of slavery, in any form — including its current form.

Tech giant HP to slash 27,000 jobs by 2014
By W.J. Hennigan - LATimes.com
Hewlett-Packard Co., the world's largest PC maker, will cut 27,000 jobs, or about 8 percent of its staff, by 2014 to bring down costs and make the company more competitive in a changing marketplace.
The move comes as consumer demand for the company's PCs plummets, and shifts toward tablets and smartphones.
The Palo Alto company also reported second quarter earnings of $1.59 billion, or 80 cents a share. That's down from last year's $2.3 billion, or $1.05 a share.
"We are making progress in our multi-year effort to make HP simpler, more efficient and better for customers, employees, and shareholders," Meg Whitman, HP's president and chief executive, said in a statement.

Fed near limit on scope to help jobs: Kocherlakota
By Kayla Gahagan
(Reuters) - A rise in U.S. inflation over the past year suggests the Federal Reserve has little firepower left to boost employment, a top Fed official said on Wednesday.
The U.S. unemployment rate, at 8.1 percent, is still high by historical standards, and many economists say employment is still well below the maximum level the economy can handle before inflationary pressures are likely to build.

Small dairies go under as milk prices sink again
By LISA RATHKE - MyFOXBoston.com
PLAINFIELD, Vt. (AP) - The MacLaren brothers are third-generation dairy farmers, but they will likely be the last in their family.
After working all their lives on the hillside farm in Vermont that their grandfather bought in 1939, rising to milk cows at 3 a.m., even in blizzards and sub-zero temperatures, they decided to call it quits, auctioning off their roughly 200 cows and equipment ranging from stalls and hoof trimmers to tractors and steel pails.

'Pro-choice' Americans found in record-low minority
By Cheryl Wetzstein-The Washington Times
A record low 41 percent of Americans identify themselves as "pro-choice" on abortion, according to a poll released Wednesday, while the number of Americans who say they are "pro-life" bounced back into the majority.
The results from the Gallup Poll survey confirm a sharp turnaround in personal attitudes about abortion in the 17 years since the polling firm first asked the question. In 1995, the first year of the poll, 56 percent of respondents described themselves as pro-choice on abortion, compared with 33 percent who were pro-life.

WILL OBAMA PULL AN LBJ AND DROP OUT?
by MIKE FLYNN - Breitbart.com
In 1968, the political world was shocked when President Lyndon Johnson, running for reelection just four years after a landslide victory, was held beneath 50% of the vote in the Democrat primary in New Hampshire. Sen. Eugene McCarthy scored a shocking 41.5% of the vote against the incumbent President.
The result confirmed Johnson's weakness going into the November general election. Within weeks, Sen. Robert Kennedy announced he would seek the Democrat nomination for President and Johnson announced that he would not. LBJ was bowing out of his reelection bid.

Rational People Fear Big Government, Not Big Business
By Dennis Prager - PatriotPost.us
You cannot understand the left if you do not understand that Leftism is a religion. It is not God-based (some Left-wing Christians' and Jews' claims notwithstanding), but otherwise it has every characteristic of a religion. The most blatant of those characteristics is dogma. People who believe in Leftism have as many dogmas as the most fundamentalist Christian.
One of them is material equality as the preeminent moral goal. Another is the villainy of corporations. The bigger the corporation, the greater the villainy. Thus, instead of the devil, the left has Big Pharma, Big Tobacco, Big Oil, the "military-industrial complex," and the like. Meanwhile, Big Labor, Big Trial Lawyers, and, of course, Big Government are leftwing angels. And why is that? Why, to be specific, does the left fear big corporations but not big government? The answer is dogma -- a belief system that transcends reason. No rational person can deny that big governments have caused almost all the great evils of the last century, arguably the bloodiest in history. Who killed the 20-30 million Soviet citizens in the Gulag Archipelago -- big government or big business? Hint: There were no private businesses in the Soviet Union. Who deliberately caused 75 million Chinese to starve to death -- big government or big business? Hint: See previous hint. Did Coca Cola kill five million Ukrainians? Did Big Oil slaughter a quarter of the Cambodian population? Would there have been a Holocaust without the huge Nazi state?

Groups Concerned Over Arming Of Domestic Drones
WASHINGTON (CBSDC) – With the use of domestic drones increasing, concern has not just come up over privacy issues, but also over the potential use of lethal force by the unmanned aircraft.
Drones have been used overseas to target and kill high-level terror leaders and are also being used along the U.S.-Mexico border in the battle against illegal immigration. But now, these drones are starting to be used domestically at an increasing rate.

Short sellers lining up to bet against Facebook
By Edward Krudy and Alistair Barr
(Reuters) - Short sellers desperate to bet against Facebook shortly after its debut on public markets are now getting their chance.
Shares of the much-anticipated IPO have fallen sharply since they opened at $42.05 on Friday amid an initial flurry of trading problems at theNasdaq and after news that top underwriters cut their revenue estimates just days before the offering.
Yet, short sellers are still eager to bet against the stock given its lofty valuation.

The Facebook IPO:
Shareholders Weren't Invited to the Real Party
By Matt Taibbi - RollingStone.com
A suit has been filed by Facebook shareholders against Mark Zuckerberg, Facebook, Morgan Stanley and others. It's based on a very simple concept: when internal analysts learned that Facebook's numbers were going to be worse than expected, the company and its bankers didn't tell everyone, but just "selectively disclosed" information to a small group of "preferred investors."
Henry Blodget, who unfortunately should know about these things, gave a good summary of it all on CBS This Morning:
I was on the phone last night with a former hedge fund CEO who was talking about this. "Facebook," he said, "is a colossal example of a complete clusterf--k where everybody wins except the ordinary investor."

Facebook IPO flop drawing increased scrutiny
Regulators wonder whether Wall Street insiders heard data the public did not before stock trading began.
By Andrew Tangel and Stuart Pfeifer, Los Angeles Times
As Facebook shares continued their slide, regulators launched inquiries into whether privileged Wall Street insiders were alerted to the company's weakening financial projections, leading them to shun the stock or dump shares just as buying was opened to the public.
Morgan Stanley, which led the Wall Street effort to bring the social network public, came under fire following reports that the bank had told some favored clients that the bank was cutting its revenue estimates for Facebook. The lowered expectations came after the tech giant expressed caution in a public filing about its advertising sales on mobile devices.

Facebook founder Mark Zuckerberg
sees stock tumble amid IPO lawsuits
Now they call it Fadebook – shareholders call in lawyers as stock price tumbles and regulators are not far behind
By Juliette Garside - Guardian.co.uk
Facebook's founder, Mark Zuckerberg, has gone from hero to zero as the stockmarket flotation of the decade flounders amid lawsuits and accusations of greed, hype and deception.
The law firm that won a $7bn settlement for Enron's shareholders is pursuing Zuckerberg, his board and the long list of banks advising the company for making "untrue statements" about its financial performance.

Facebook wants to start all over with IPO!
Facebook Weighs Possible Listing With NYSE: Sources
CNBC.com
Is Facebook looking to make a change?
In the wake of a series of embarrassing technical glitches that marred Facebook's first day of trading on the Nasdaq, the social networking giant is now open to moving its listing to rival exchange New York Stock Exchange, according to two people familiar with the matter.
While these people say that multiple NYSE officials have reached out to Facebook regarding such a move, the NYSE maintains that "no discussions" have taken place, nor would those discussions "be appropriate at this time." Facebook remains open to engage in these discussions, according to people familiar with the matter.

Regulators, investors turn up heat over Facebook IPO
By Suzanne Barlyn and Ryan Vlastelica
(Reuters) - Two top U.S. financial regulators said on Tuesday the issues around the initial public offering of Facebook should be reviewed, putting fresh pressure on the company, its lead underwriter, Morgan Stanley, and the Nasdaq stock exchange.
Facebook shares closed 8.9 percent lower at $31, following an 11 percent plunge on Monday. At that price the company has shed more than $19 billion in market capitalization from its $38-per-share offering price last week.

Morgan Stanley to Adjust Prices on Facebook Trades
Reuters - CNBC.com
Morgan Stanley told brokers on Wednesday it is reviewing every Facebooktrade and will make price adjustments for retail customers who paid too much during the social network company's debut last week, according to an internal memo.
Morgan Stanley, the lead underwriter of Facebook's initial public offering on Friday, in the memo also said "many" of the first-day trades have now been processed and are appearing in client accounts. The company did not specify how much it expected to pay in total price adjustments.

Senate Cybersecurity Bills Under Fire From CISPA Opponents
By CARL FRANZEN - TalkingPointsMemo.com
Fearing that the U.S. Senate will soon vote to pass a cybersecurity bill that could erode Web user privacy, a prominent Internet freedom advocacy group has launched a new online campaign to get the American public to confront Senators face-to-face during their weeklong Memorial Day recess at the end of the month.
Fight For the Future, a nonprofit advocacy group that in late 2011 helped launch the successful massive online protest against the much-hated anti-online bill known as SOPA (the Stop Online Piracy Act), is turning to some of the same tactics that helped kill that bill.

China fake parts 'used in US military equipment'
BBC.co.uk
Vast numbers of counterfeit Chinese electronic parts are being used in US military equipment, a key Senate committee has reported.
A year-long probe found 1,800 cases of fake parts in US military aircraft, the Senate Armed Services Committee said.
More than 70% of an estimated one million suspect parts were traced back to China, the report said.
It blamed weaknesses in the US supply chain, and China's failure to curb the counterfeit market.

Cutting the Cord on Cable TV's Pricey Monthly Bill
By Barbara Thau - DailyFinance.com
OK, so you can't stand to miss Bravo's The Real Housewives of Atlanta or those great documentaries on The History Channel (we admire your eclectic tastes), but are thosesteep cable bills making you want to pull out your hair along with the cable wires?
Take a deep breath. The era of digitized content is ushering in a new wave of cost-saving viewing: From streaming-video websites to digital media providers, these alternatives to cable TV might prompt you to chuck the cable box for good.
The High Cost of Cable
For the price that many Americans pay for cable TV, they can enjoy a mini vacation. A digital cable package from Comcast, for example, costs $551.98 per year, just for the basics.

RealD signs deal with China's Bona Film Group
By Richard Verrier - LATimes.com
Beverly Hills-based RealD Inc. is further expanding its presence in China.
The 3-D equipment supplier said Wednesday it had a signed a deal to install 100 3-D screens for the Bona Film Group's theater circuit in China. Bona, a leading film distributor in China, plans to install RealD 3-D systems at each of the company's 11 theater locations.

Scientists turn skin cells into beating heart muscle
By Kate Kelland
LONDON, May 23 (Reuters) - Scientists have for the first time succeeded in taking skin cells from patients with heart failure and transforming them into healthy, beating heart tissue that could one day be used to treat the condition.
The researchers, based in Haifa, Israel, said there were still many years of testing and refining ahead. But the results meant they might eventually be able to reprogram patients' cells to repair their own damaged hearts.

Superior Biotechnology Leads to Superior Drugs
By Ray Blanco - DailyReckoning.com
05/23/12 We sometimes hear about diminishing returns in cancer research and development in the big pharmaceutical companies. They tell us, traditional drug discovery techniques have picked most of the low-hanging fruit in the field. Cancer cells are tricky devils, able to quickly mutate resistance to our best available therapies.
Revolutions in our understanding of the genome and proteome, however, are opening up new pathways toward vanquishing the cancer foe…

Mark of the Beast:
Bilderberg Pushes Mandatory Internet ID for Europe
By Aaron Dykes - Infowars.com
While the international ACTAtreaty and United States' CISPAlegislation are setting the stage to clamp down on the world wide web, technocrats are working overtime to try to pin down your identity and make sure all your activities are thoroughly monitored and under control.
The European Union is now moving to create a mandatory electronic ID system for all EU citizens that would be implemented across Europe to standardize business both online and in person, authenticating users via a common 'electronic signature.' A single authenticating ID would guard access to the Internet, online data and most commerce. It is nothing short of an attempt to phase in a Mark of the Beast system, and a prominent Bilderberg attendee is behind the scheme.

Barcode everyone at birth
BBC.co.uk
This week science fiction writer Elizabeth Moon argues that everyone should be given a barcode at birth.
"If I were empress of the Universe I would insist on every individual having a unique ID permanently attached - a barcode if you will; an implanted chip to provide an easy, fast inexpensive way to identify individuals.
It would be imprinted on everyone at birth. Point the scanner at someone and there it is.

A Catholic Spring?
By E.J. Dionne, Jr. - Truthdig.com
There is a healthy struggle brewing among the nation's Roman Catholic bishops. A previously silent group, upset over conservative colleagues defining the church's public posture and eagerly picking fights with President Obama, has had enough.
The headlines this week were about lawsuits brought by 43 Catholic organizations, including 13 dioceses, to overturn regulations issued by the administration requiring insurance plans to cover contraception under the new health care law. But the other side of this news was also significant: That the vast majority of the nation's 195 dioceses did not go to court.

Vatican moving toward a 'universal' church (i.e. one-world religion)

Cardinal Zen: Day of prayer,
consolation of the Universal Church
for persecuted Chinese Catholics
Paris (AsiaNews / EDA) - The World Day of Prayer for the Church in China, which is celebrated tomorrow, May 24, is a "consolation" for the Chinese Catholic communities still persecuted by a regime that wants to dominate them. The Day is also an expression of the Pope's care and "concern" for the Church in China. This according to Card. Joseph Zen, bishop emeritus of Hong Kong, who explains the value of the day desired by Benedict XVI, in conjunction with the feast of Our Lady of Sheshan, the sanctuary of China, a few kilometers from Shanghai. Card. Zen is in France to attend the "Night of the witnesses," prepared by a meeting of "Aid to the Church in Need." In the interview,published on the Eglises d'Asie website, he also comments on some conclusions regarding the work of the Vatican Commission for the Church in China and the situation of the Chinese Church, marked by "confusion" created by Beijing particularly through the illegitimate ordination of bishops. Here we publish excerpts of the interview.

Fukushima: If Number 4 Collapses,
Japan Will Be Evacuated
By Kurt Nimmo - Infowars.com
Chris Canine – who has 15 years experience as a health physics technician, chemist and radiation safety instructor – toldEnergy News that if number 4 reactor fuel pool at Fukushima collapses, Japan will be evacuated.
He did not elaborate on how such a logistical nightmare would be accomplished.
Canine worked at Fukushima in the late 1970s and has also worked at over twenty nuclear plants in the United States, Japan and Mexico.

Bipartisan Support for Sanctions Spells Bloodshed to Come
War With Iran Has Already Begun
by NATHAN FULLER - CounterPunch.org
On Friday, 93% of the U.S. House of Representatives affirmed a resolution escalating America's already aggressive position on Iran, from "crippling" sanctions to a zero-tolerance policy on nuclear weapons. The Congressional Research Service summarized the bill (emphasis mine):

Affirms that it is a vital national interest of the United States to prevent Iran from acquiring a nuclear weapons capability and warns that time is limited to prevent that from happening. Urges increasing economic and diplomatic pressure on Iran to secure an agreement that includes: (1) suspension of all uranium enrichment-related and reprocessing activities, (2) complete cooperation with the International Atomic Energy Agency (IAEA) regarding Iran's nuclear activities, and (3) a permanent agreement that verifiably assures that Iran's nuclear program is entirely peaceful. Supports: (1) the universal rights and democratic aspirations of the Iranian people, and (2) U.S. policy to prevent Iran from acquiring nuclear weapons capability. Rejects any U.S. policy that would rely on efforts to contain a nuclear weapons-capable Iran. Urges the President to reaffirm the unacceptability of an Iran with nuclear-weapons capability and oppose any policy that would rely on containment as an option in response to the Iranian nuclear threat.

Iran-cornerstone-of-possible-WW3-over-Mid-East
Tensions are once again mounting against Iran ahead of a crucial report by the UN nuclear watchdog, IAEA, due next week. Meanwhile, Israel has tested a new ballistic missile. ­Some reports go even further and suggest the idea of a military strike on the Islamic Republic is being pushed by Israeli Prime Minister Benjamin Netanyahu. And British media say that with Iran remaining resilient against international sanctions, the attack could come as soon as next November. Various media cite the UK Ministry of Defense and Whitehall as their sources.

Renewed Iranian Calls for Israel's 'Annihilation'
By Arnold Ahlert - PatriotPost.us
While new talks resume to buy the Islamic Republic more time.
Monday, International Atomic Energy Agency (IAEA) head Yukiya Amano met with Fereidoun Abbasi-Davani, head of the Atomic Energy Organization of Iran (AEOI), in an initial conference over Iran's nuclear program. The Iranian Fars News Agency said the meeting represented the "eagerness" of the UN to "further develop cooperation with Iran in various areas of nuclear applications," and it is clear the rosiness of the state media's characterization is not without good reason. For, while the West is banking everything on an appeasement strategy with Iran, the Islamic Republic is busy broadcasting to the world its Hitlerian intentions to annihilate Israel, daring the international community to bat an eyelash.

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How do your spell Agenda 21 implementation locally... ICLEI
AGENDA 21 CONSPIRACY THEORY OR THREAT - PART 1 of 2
by Tom DeWeese - NewsWithViews.com
The battle over Agenda 21 is raging across the nation. City and County Councils have become war zones as citizens question the origins of development plans and planners deny any international connections to the UN's Agenda 21. What is the truth? Since I helped start this war, I believe it is up to me to help with the answers.The standard points made by those who deny any Agenda 21 connection is that:

• Local planning is a local idea.
• Agenda 21 is a non-binding resolution not a treaty, carries no legal authority from which any nation is bound to act. It has no teeth.
• The UN has no enforcement capability.
• There are no "Blue-Helmeted" UN troops at City Hall.
• Planners are simply honest professionals trying to do their job, and all these protests are wasting their valuable time.
• The main concern of Agenda 21 is that man is fouling the environment and using up resources for future generations and we just need a sensible plan to preserve and protect the earth. What is so bad about that?
• There is no hidden agenda.
• "I've read Agenda 21 and I can find no threatening language that says it is a global plot. What are you so afraid of?"
• And of course, the most often heard response – "Agenda 21, what's that?"
• And after they have proudly stated these well thought out points, they arrogantly throw down the gauntlet and challenge us to "answer these facts."
• Well, first I have a few questions of my own that I would love to have answered.

Why You Should Be Concerned About ICLEI?
AntiICLEI.com
ICLEI = International Council for Local Environmental Initiatives
Taking care of our environment, developing energy independence, and planning for the future is a responsible approach to living. However, the green/environmental/sustainable movement consistently demonstrates their lack of concern for the people who live on the planet. Many green-labeled practices actually cause more damage to the environment.

AGENDA 21: THE END OF WESTERN CIVILIZATION, PART 1
By Kathleen Marquardt - NewsWithViews.com
Wake-up call, Part 1

"Global sustainability requires the deliberate quest of poverty, reduced resource consumption and set levels of mortality control." -Professor Maurice King

Birth of an abomination
In simple terms Agenda 21/Sustainable Development is the end of civilization as we know it. It is the end of private property, the elevation of the collective over the individual. It is the redistribution of America's wealth to the global elite, it is the end of the Great American Experiment and the Constitution. And, it is the reduction of 85% of the world's population.
In 1992, twenty years ago this summer, Agenda 21/Sustainable Development was unveiled to the world at the UN's Earth Summit in Rio. (While Agenda 21 was introduced in June, 1992, it was already installed as public policy in communities across the country as early as 1987.)

Steve Quayle May 17 "The Republic is Dead --
Prepare for War" Pt. 1 of 2

Steve Quayle May 17 "The Republic is Dead --
Prepare for War" Pt. 2 of 2

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