Saturday, December 21, 2013

Watch This! Then Try to Deny Chemtrails , plus 19 more

To: "V K Durham" 
Sent: Saturday, December 21, 2013 7:05:42 AM
Subject: Watch This! Then Try to Deny Chemtrails , plus 19 more

Watch This! Then Try to Deny Chemtrails , plus 19 more

Link to Pakalert Press
Posted: 21 Dec 2013 02:08 AM PST
Denial ain’t a river in Egypt, and these things aren’t jet contrails or clouds. The chemtrails hardly get any more blatant than this. Just what is up with what we’ve all been seeing up in the sky lately? Lingering, persistent aerosols that some dismiss as jet contrails or aberrant cloud formations are actually just the most visible and mysterious part of an ongoing geoengineering effort admittedly being tested (and enacted) on a wide scale. On the surface, it is an effort to curb global warming by dimming the sun’s rays; behind that veneer are corporate motives, population control agendas and bids to control & predict the weather and reap handsome profits on everything it effects
         
Posted: 21 Dec 2013 02:05 AM PST
You might want to think twice before eating any grocery store chicken Ever since the late 1950′s after radio and television marketing kicked into full swing there has been a need for chicken eggs and meat. Since that time, chicken meat consumption has increased drastically after brands like Kentucky Friend Chicken introduced their “special” recipe
         
Posted: 21 Dec 2013 02:02 AM PST
Not only are these chemtrails dropping toxins on the people and the Earth, They have a greater purpose. The government is hazing the skies so the sun cant shine through, thus making it colder outside. They are trying to kill the crops to put the farmers out of business! They want you to eat Their food and drink Their water! As soon as you see blue skies, Look up, Cause soon the planes will be criss-crossing to haze the skies. Have you noticed….The sun don’t shine like it use too!!
         
Posted: 21 Dec 2013 01:53 AM PST
Years ago when I described the George W. Bush regime as a police state, right-wing eyebrows were raised. When I described the Obama regime as an even worse police state, liberals rolled their eyes. Alas! Now I am no longer controversial. Everybody says it. According to the UK newspaper, The Guardian, the Chancellor of Germany, Angela Merkel, had an angry exchange with Obama in which Merkel compared Obama’s National Security Agency (NSA) with the East German Communist Stasi, which spied on everyone through networks of informers
         
Posted: 21 Dec 2013 01:45 AM PST
Fox News Shockingly Reports The Truth On
         
Posted: 21 Dec 2013 01:40 AM PST
Among the minority of Americans that heard about the December 16, 2013 ruling of a Federal Court on the Klayman v. Obama lawsuit, the vast majority said "So what?" Judge Richard J. Leon of Federal District Court for the District of Columbia ordered the government to stop collecting data on the personal calls of the two plaintiffs in the case and to destroy the records of their calling history. "I cannot imagine a more indiscriminate and arbitrary invasion than this systematic and high-tech collection and retention of personal data on virtually every single citizen for purposes of querying and analyzing it without prior judicial approval, Surely, such a program infringes on 'that degree of privacy' that the founders enshrined in the Fourth Amendment," Judge Leon wrote in his ruling
         
Posted: 20 Dec 2013 02:55 AM PST
32-year NSA Veteran Who Created Mass Surveillance System Says Government Use of Data Gathered Through Spying “Is a Totalitarian Process” Bill Binney is the high-level NSA executive who created the agency’s mass surveillance program for digital information. A 32-year NSA veteran widely regarded as a “legend” within the agency, Binney was the senior technical director within the agency and managed thousands of NSA employees
         
Posted: 20 Dec 2013 02:48 AM PST
Since the days of the Cold War the West has launched illegal wars against Yugoslavia, Afghanistan, Iraq, Libya, and attempted to do the same thing in Syria. They have been successful in avoiding blowback and responsibility due to their monopoly on the corporate controlled media and the fact that most of the media in the world passively accepts their interpretation of world events.
         
Posted: 20 Dec 2013 02:37 AM PST
Katie Worthman gives her testimony as to the similarities between the rise of Hitler Germany and the America she lives in today. Katie shares how the media was used to serve Hitlers rise to power and how it is similar to how America is being controlled today
         
Posted: 20 Dec 2013 02:32 AM PST
The reality of extraterrestrial contact with human civilization is becoming more clear by the month as streams of information about the extraterrestrial presence and past influence hits. While some of us still have our doubts about ET contact, many are starting to realize the truth that has been talked about for centuries. One big story involves the Mexican government who has released documents and images of objects found on the site of Calakmul, Mexico which help prove the reality of ET contact.
         
Posted: 20 Dec 2013 02:24 AM PST
Who are the FEMA camps for and what is their purpose? Will they one day be turned into concentration camps for Jews
         
Posted: 20 Dec 2013 02:16 AM PST
Agni (Sanskrit name meaning “fire”) is the newest hatchling of a recently discovered species in Indonesia. He was given the name by members of the initial research team because of his red wing coloring. While local Zoologists (scientists who study and classify animals) are hesitant to use the name “Dragon”, there is an unmistakable resemblance between this new species and the mythical dragons of ancient lore
         
Posted: 20 Dec 2013 02:09 AM PST
It has already begun: Japan has just cancelled a large contract to purchase U.S. wheat. "We will refrain from buying western white and feed wheat effective today," Toru Hisadome, a Japanese farm ministry official in charge of wheat trading, told Reuters. As many readers well know, I predicted precisely this scenario just yesterday in a Natural News article warning about the consequences of genetic pollution. There, I wrote, "All wheat produced in the United States will now be heavily scrutinized -- and possibly even rejected -- by other nations that traditionally import U.S. wheat. This obviously has enormous economic implications for U.S. farmers and agriculture."
         
Posted: 20 Dec 2013 02:06 AM PST
In a world often caught up in brand names and an obsession for luxurious excess, you'd think that a man earning approximately 12,500 U.S. dollars per month would be in his glory. Such a man does exist, yet he's not emerging from imported cars while wearing tailored suits as he talks about his elaborate vacation. Instead, he favors a 1987 Volkswagen, lives in a one-bedroom farmhouse with his wife, owns a three-legged dog and enjoys donating about 90% of his hefty salary to local charities. Rather than live in the three-story palace that is rightfully his, he prefers it to be used as a homeless shelter
         
Posted: 20 Dec 2013 01:53 AM PST
As the end of the year approaches, President Barack Obama is suffering the worst approval rating at this point in a two-term presidency since the Nixon administration. According to a new Washington Post/ABC News poll, Obama’s approval rating stands at 43 percent, an 11-point drop from the same point last year. The poll found that 55 percent of Americans disapprove of the president’s performance, a sharp rise compared to 42 percent last year
         
Posted: 20 Dec 2013 01:45 AM PST
Longstanding Times policy is consistent. It promotes establishment values. It supports wealth, power and privilege. It endorses global US dominance. When America goes to war or plans one, Times editors march in lockstep. Propaganda substitutes for truth and full disclosure. Managed news misinformation is featured
         
Posted: 20 Dec 2013 01:38 AM PST
Beijing has warned the United States to be cautious in its words and actions with regard to territorial disputes involving China and its neighbors. The Chinese Foreign Ministry warning comes amid a diplomatic wrangle over Beijing's newly announced air defense zone in the East China Sea
         
Posted: 20 Dec 2013 01:22 AM PST
For decades scientists have been saying that the United States' lakes, rivers and aquifers are going to have a hard time quenching the thirst of a growing population in a warming world. A recent report from NOAA's Cooperative Institute for Research in Environmental Sciences does not alleviate those fears. It showed that nearly one in 10 watersheds in the U.S. is "stressed," with demand for water exceeding natural supply -- a trend that, researchers say, appears likely to become the new normal
         
Posted: 20 Dec 2013 01:10 AM PST
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent. James Paul Warburg – Statement before U.S. Senate, Feb 7, 1950 Being implemented by the United Nations, Agenda 21 is a plan of action meant to promote “sustainable development” going back as far as 1987 but was openly conceived in 1992 at the United Nations Conference on Environment and Development (UNCED) held in Rio de Janeiro, Brazil. It was signed into place in 1992 by president George H. W. Bush at the Rio Accords on behalf of the United States. The UN is the vehicle being used to solidify its existence internationally. In 1993 president Bill Clinton signed an executive order to create the President’s Council on Sustainable Development with “sustainable development” as the center feature of federal policy. Bypassing Congress and instilling a silent and progressive move towards collectivism without protest or even acknowledgment by the majority of the citizens
         
Posted: 20 Dec 2013 12:19 AM PST
As Beijing seeks to close the military gap, Washington faces a wave of attempts to smuggle out sensitive U.S. defense components and systems. OAKLAND, California - Agents from Homeland Security sneaked into a tiny office in Oakland’s Chinatown before sunrise on Dec. 4, 2011. They tread carefully, quickly snapping digital pictures so they could put everything back in place. They didn’t want Philip Chaohui He, the businessman who rented the space, to learn they had been there
         
Posted by John MacHaffie at 9:40:00 AM 0 comments

Late Friday Night Dinar Chatter

Late Friday Night Dinar Chatter

12/21/2013
TNT:

rrrr: RV nuts roasting on an open fire, Tony’s words nipping at your nose. Yuletide carols being sung by a choir, and all Dinarians dressed in their Bank Clothes….. Cuz toll free numberssssss are on the way. we’re gonna load lots of toys and goodies to give away. And every needy child is gonna smile, when receiving all they haven’t seen for a while. And so I'm offering this simple phrase, To kids from one to ninety-two. Although it's been said many times, Many ways, Happy RV tooooo you

Bluestar: My source said tonight NOT today

Bluestar Still 1.08 for IDN and .22 for znn

GeorgeJetson: BLUESTAR: How confident are you with your source and time frame?

Bluestar: I'm relatively confident but not OVERLY...The intel I got was very hopeful and specifically targeted for tomorrow morn.
....
Read More Link on Right

[kazorlando] If I heard the call correctly between having to take other calls at the office, did he say it was now out of the UST hands??

 [gary1964] kazorlando yes he did say that

hoprfaithlove123: Blog talk for TNT usually has a posted next upcoming episode. No date specified yet hummmm

LuvwofsL hop: thats becuz Tony believes the RV is going to happen today

MWKD :Guys don't forget that this still has to channel through of all the banks now... I mean once it's live it's live... Whatever the new policy that has to be issued to banks for reserves has to be issues... Things have to be discussed... Just give it a little time guys.. We are fine

Trapdoor :It will "Be announced" in Iraq. It will polinate the world banking system in less than 15 minutes. Nobody has any explaining to do. This will happen when "they" think the timing is right. I think before CHristmas is off the table and will create too much chaos in the banks.

Trapdoor :I could see this done on Christmas eve, Banks closed on Christmas buying time for Thursday Friday Saturday to start dealing with "us" without the pressure of "us" needing the money to go out in a mad dash to buy presents for "the best Christmas Ever".

blackJack7:  My DC contact just called and confirmed what Tony said today on the call. This will go live by tomorrow early morning. I hope he's right. I think this is it, let's hope and pray it is.

Cam:  Okay ... despite the fact I want to scream and throw things over the frustration of another day being over and we are still waiting ......... I realize that there are billions of people on this planet in dire financial situations who have no hope at all for any way things could change. So I am huge huge HUGE thankful to be here, waiting for a real answer that really is coming. And for the chance to help some of those other billions as well. And ... NOW would be a good time to do that .....

NightHawk: Diapers and Politicians should be changed often and for the same reasons/

***************************

MIG

[shasta7] hello all...

 [shasta7] so do we have a RV yet or waiting on the sky to fall?

 [shasta7] I think we ALL need an RV

[hub] shasta7 i am ready ........

[Allbut6] I think that everyone should just take the weekend off from a computer and relax...ain't gona be any bank runs anyhow...

 [BOBGETZ6] Allbut6 I believe you are correct on that.

[Allbut6] BOBGETZ6 yup, I'm exacty right on that...

****************************

Emailed to Recaps:

Spanish Computer:

A Spanish language teacher was explaining to her class that in Spanish, unlike English, nouns are designated as either masculine or feminine.

"House" for instance, is feminine:     "la casa"

"Pencil," however, is masculine:       "el lapiz"


A student asked, "What gender is 'Computer'?"  
 
Instead of giving the answer, the teacher divided the class into two groups, Male and Female, and asked them to decide for themselves whether "Computer" should be a masculine or a feminine noun.

Each group was asked to give four reasons for its recommendation.

The men's group decided that "Computer" should definitely be of the feminine gender ("la computadora"),  because:

1. No one but their creator understands their internal logic.

2. The native language they use to communicate with other computers           is incomprehensible to everyone else.

3. Even the smallest mistakes are stored in long term memory for possible later retrieval.

4. As soon as you make a commitment to one, you find yourself spending half your paycheck to buy accessories for it. 

(THIS GETS  BETTER!)

The women's group, however, concluded that computers should be masculine ("el computador"), because:

1. In order to do anything with them, you have to turn them on.

2. They have a lot of data but still can't think for themselves.

3. They are supposed to help you solve problems, 
but half the time they ARE the problem.

4. As soon as you commit to one, you realize that if you had waited a little longer, you could have gotten a better model.

The women won.

Send this to all the smart women you know; and to all the men who have a sense of humor.

http://www.dinarrecaps.com/1/post/2013/12/late-friday-night-dinar-chatter10.html
Posted by John MacHaffie at 8:56:00 AM 0 comments

OBAMA BROTHER DISPUTES 'DREAMS' AUTOBIOGRAPHY

WND EXCLUSIVE

OBAMA BROTHER DISPUTES 'DREAMS' AUTOBIOGRAPHY

Half-sibling vows to set record straight in new book

author-image JEROME R. CORSI About | Email | Archive
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Mark Ndesandjo
Yet another Barack Obama relative has surfaced to cause the president grief over the credibility of the story he recounted in his autobiography, “Dreams from My Father,” a bestseller that helped propel him to the presidency in 2008.
WND reported Dec. 5 that the White House reversed its previous denial that Obama had met his Kenyan-born uncle, Omar Onyango Obama, an illegal immigrant to the U.S. who appeared recently in court after facing deportation for about 40 years.
Now, Obama’s Kenyan half-brother by his father’s third wife has surfaced with the coming publication of an autobiographical book claiming the president has misrepresented his past.
In an Associated Press interview this week from his home in China, Mark Obama Ndesandjo, 48, has stirred controversy two months before the self-publication on Feb. 28, 2014, of his book “Cultures: My Odyssey of Self-Discovery.”
The AP asked Ndesandjo to describe his relationship with his famous half-brother.
“Right now it’s cold and I think that part of the reason is based on my writing,” Ndesandjo said. “My writing has alienated some people in my family.
Even though, as the AP pointed out, Ndesandjo felt his relationship with his half-brother in the White House was distant, he said he hoped “that my brother and I can really hug each other after he’s president and we can be a family again.”
Like Barack Obama, Ndesandjo is half-white, born to a white Jewish woman the Kenyan met in Massachusetts while studying at Harvard. Barack Obama is the son of the Kenyan and his second wife, Stanley Ann Dunham, a white student he met while studying at the University of Hawaii.
The AP reported Ndesandjo’s conflict with his half-brother traced back to their first encounter, in 1988, when Barack Obama was in Kenya tracing his family roots.
“Barack thought I was too white, and I thought he was too black,” Ndesandjo said, recalling the two did not see eye-to-eye from the time they first met.
Ndesandjo said racial tensions, in particular, seemed to separate the two.
“He was an American searching for his African roots. I was a Kenyan,” Ndesandjo said. “I’m an American, but I was living in Kenya, searching for my white roots.”
Ndesandjo said there were a number of factual errors in “Dreams from My Father,” especially regarding quotes attributed to Ndesandjo’s mother.
Ndesandjo said he hopes to set the record straight in his 500-page book.
“It’s a correction. A lot of the stuff that Barack wrote is wrong in that book, and I can understand that, because to me for him the book was a tool for fashioning an identity, and he was using composites,” Ndesandjo told the AP. “I wanted to bring it up because first of all I wanted the record to be straight. I wanted to tell my own story, not let people tell it for me.”
The Telegraph in London reported in 2009 that in an earlier semi-autobiographical novel, “Nairobi to Shenzhen,” Ndesandjo wrote that his father was abusive to him and to his mother.
“My father beat me. He beat my mother. You just do not do that. I remember in my house, I would hear the screams. I would hear my mum’s pain. As a child, I could not protect her,” Ndesandjo told the Telegraph, breaking into tears.
“I could not remember any good things about my father. My skin had turned hard emotionally for so many years.”
The Telegraph reported in 2009 that Obama “refers to Ndesandjo simply as ‘my brother’ and says he was the only uncontested heir after their Kenyan father died in a car crash in 1982.”
The statement appears to be a reference to “Dreams,” where Obama writes: “Unlike my mum, Ruth has all the documents needed to prove who Mark’s father was.”
Obama, however, has published a copy of a purported Hawaiian birth certificate on the White House website that indicates Barack Obama Sr. was his father. A short-form version that circulated online at the time the Telegraph article was published also listed Obama Sr. as the father.
The Chinese Speakers Bureau, where Ndesandjo is registered, says that in his upcoming book, Ndesandjo “gives a thoughtful overview of his early life, and corrects the image and facts U.S. president Barack Obama has published earlier.”
In a brief bio published on the Chinese Speakers Bureau site, Ndesandjo is listed as “an American” who is a nine-year resident of Shenzhen, China.
Largely educated in the U.S., Ndesandjo holds a Bachelor of Arts degree in physics from Brown University and a Masters degree from Stanford, as well as an Emory MBA.
“He consults worldwide, using over 15 years of international marketing and branding experience gained as a senior manager at ATT, Lucent, Nortel and other companies,” the Chinese Speakers Bureau notes. “He is an HSK L7 (advanced) Mandarin speaker and writer, and an avid brush calligrapher.”
On a website created for the publication of Ndesandjo’s forthcoming book, he discusses his work giving piano lessons to orphans in and around Shenzhen.
Ndesandjo also has issued three CDs of his piano music.
He has created the Mark Obama Foundation Ltd. with the goal of fostering cultural exchanges between Asia, Africa and the U.S., with an emphasis on helping young people appreciate art.
In the complicated Obama family history, Ndesandjo was the eldest of two sons born in Kenya to Barack Obama’s father and Ruth Beatrice Baker of Massachusetts, a 1958 graduate of Simmons College in Boston with a degree in business.
Ruth Baker, who is commonly named as “Ruth Nidesand” in most Obama biographical accounts, met Barack Obama Sr. when he attended Harvard University after attending the University of Hawaii. She followed Barack Obama Sr. back to Africa. The two were married in Kenya in a civil ceremony Dec. 24, 1964.
After Baker divorced Barack Obama Sr., she and her two sons took on the surname of their stepfather, Ndesandjo.

Read more at http://www.wnd.com/2013/12/obama-brother-disputes-dreams-autobiography/#XbSSBYqMRh2RdV10.99
Posted by John MacHaffie at 8:49:00 AM 0 comments

Message from SaLuSa by Mike Quinsey - December 20, 2013

Rumor Mill News Agents Forum
Message from SaLuSa by Mike Quinsey - December 20, 2013
Posted By: Mr.Ed [Send E-Mail]
Date: Saturday, 21-Dec-2013 00:10:27

Message from SaLuSa by Mike Quinsey - December 20, 2013
The turmoil of the year is being set aside as many people prepare to celebrate in accordance with their beliefs. It has become a tradition that is also accepted by those who have no special affiliation with religious beliefs. The result is that all kinds of people find that they can come together, and set aside their different beliefs and understanding to celebrate the unity of all Mankind. The energies rise up and a feeling of love to all people brings out the best in them. Suddenly there is particular concern for all those who are poor or destitute, often in a society that is otherwise fully able to support all of them.
These situations repeatedly come up and slowly but surely people realize that they are their brothers keeper. Those who have traveled far ahead with their understanding can also see that all life is One, and that it is inextricably linked and the actions of each individual effects the whole. This is when people take responsibility for their actions and help raise the vibrations upon Earth. If only you keep the goodwill going that arises from times like you are experiencing now, the sooner you would move away from the lower vibrations that could not exist in your higher state. As the changes continue so they help raise up those souls who are just emerging from the darkness. They need a helping hand to get on the road to success, and find it easier once others have created the pathway.
Through many lives you have experienced a myriad of situations that have helped your progress. They have been arranged as all lives are, to help you surmount the problems you are likely to face. There is absolutely nothing that happens without good cause, although to the human mind it is difficult to see beyond what happens in your physical realm. Each of you have numerous helpers whose sole interest is to ensure you progress through your experiences. It is why the key events in your life are orchestrated to gradually advance you along the path of evolution. Yet in many instances you are propelled into chaotic conditions that do not seem to have any real purpose. Believe us Dear Ones, nothing happens by chance and whatever you become involved in has some measure of gain, not just for you but every soul involved.
Do not worry if you get caught up in what is clearly coming from a negative source, as your presence may be needed to hold the vibrations in check. Often you can provide sufficient Light to soften or remove some of the negative energies. Be assured you will be used for your experience and dedication to spreading the Light, and will never be called upon to handle more than you can manage. Obviously you will also find yourselves on the receiving end, but this is often a test to ensure you know how to handle yourself. We repeat, that "nothing happens by chance" so always look for the lesson that may accompany your experience.
Be assured that you do get breaks throughout your lifetime, and you are not expected to serve the Light without them. It is certain that you will know where you stand when you are going with the flow, and fulfilling your life plan. However, remember that at times you will so to say, catch up on outstanding karma and it will present itself when you are known to be able to cope with it. So 
do not be alarmed in such circumstances and accept your experience with good heart, and most importantly ensure you learn from it.
At this time in your evolution you are progressing at a faster rate than ever, and each soul is on the last lap of its life plan for this incarnation. This may seem improbable as all of you are at different points in your evolution, and remember that not every soul is ready to ascend, or desires to do so. The end of an Solar Cycle draws nigh and it is special inasmuch that the end times have already been decided, and regardless of any attempts by the dark Ones to foil the plan, they will not be successful. Ascension is assured and is to be expected at the end of a Solar Cycle.
In the meantime help your fellow traveler where needed, but at the same time do not pressurize them by forcing advice upon them. Sometimes lessons can only be learned through direct experience, although group experience is not uncommon. Try not to be too rigid in your thinking and be flexible, although many of you are now sufficiently intuitive to know when to move in a different direction. Take things in your stride and try not to force a situation, unless you can be sure of the outcome. You should know that when matters flow in harmony, there is little for you to do.
You have been preparing for this period for millennia of time, as you have always known that it would arrive to lift you out of the lower vibrations. Many of you have awoken to the fact, and now joyfully make your way forward with great expectations. Even if you do not fully understand what a great time is opening up for all of you, there is a sense of excitement knowing that a new era is about to open. It allows you to contemplate what life would be like once the dark Ones were removed. Such freedom from interference is something new, and very hard to conceive when you are lifting out from the lower vibrations.
For millennia of time you have experienced duality of such high levels, that it is hard to conceive of the dramatic and far reaching changes that are almost upon you. However, they are near to manifestation, and will bring the most wonderful surprises and far reaching changes much to your amazement and delight.
I leave you now in what is hopefully a feeling of joy, knowing that your travels in the lower dimensions are about to end. Keep your calm and continue to spread love and peace wherever you are.
Thank you SaLuSa, 
Mike Quinsey.
Website: THE GALACTIC FEDERATION BY MIKE QUINSEY
http://gfbymikequinsey.blogspot.com/


Posted by John MacHaffie at 7:48:00 AM 2 comments

Senate Passes NDAA 2014 via Fast Tracking, President To Sign

Senate Passes NDAA 2014 via Fast Tracking, President To Sign
Posted By: Lymerick [Send E-Mail]
Date: Saturday, 21-Dec-2013 02:02:10
Friday, December 20, 2013
Updated with roll call...
Andrew V Pontbriand
Activist Post
Late Thursday night, the Senate passed the NDAA for Fiscal Year 2014, in a sweeping bill now being sent to the president which reports suggest he will sign.
The bill, is infamous for its language on indefinite detention, and "disappearing" of American citizens. Once again, the bill was past via Fast-Tracking while most of the country was sidelined on the Phil Robertson issue with Duck Dynasty.
The bill, now being sent to President Obama, also leaves out an amendment by Sen. Gillibrand on sexual assault prosecution, which in and of itself is curious. The bill passed the Senate in an 85-14 count, with the roll-call unavailable at this time.
“It’s a failure of leadership on the part of the majority leader,” Arizona Sen. John McCain told reporters, echoing Republican colleagues who said the accelerated process was designed to prevent tough votes on Iran sanctions and other controversial issues.
Also, the bill would authorize a release of $527 billion in base defense spending for the current fiscal year, plus funds for the war in Afghanistan and nuclear weapons programs overseen by the Energy Department, among numerous other controversial measures.
SEE LINK FOR ROLL CALL VOTE
Senate Passes NDAA 2014 via Fast Tracking, President To Sign

 

http://www.activistpost.com/2013/12/senate-passes-ndaa-2014-via-fast.html


Posted by John MacHaffie at 7:46:00 AM 0 comments

They’re Planning The First Legal “Bank Robbery” In U.S. History

They’re Planning The First Legal “Bank Robbery” In U.S. History

Wednesday, December 18, 2013 4:49
0
(Before It's News)
So-called “bail-ins,” which give banks the right to dip into your savings to pay for their lousy financial decisions, have been on the table for years, ever since Cyprus tested the idea.
But they’re moving beyond the “testing phase” now.
The latest clue came from a seemingly benign banking conference on December 2, when one man revealed some frightening central government intentions.
And anyone taking careful notes understands the consequences.
They’re huge.
You see, the most direct impact will be felt by the biggest account holders. But the indirect impact will hit everyone.
401(k)s… IRAs… Individual brokerage accounts…
The market will not like the newfound acceptance for bail-ins. And it won’t get any warning – neither will we. Not from the mainstream financial outlets, anyway.
They’re not even covering it.
First, here’s the frightening – and all-too-real – scenario….
Get Ready for Too Big To Fail 2.0
When the 2008-2009 financial crisis hit, it was unprecedented in scale and scope. Governments and central banks worldwide acted in concert to save “systemically important” banks through bailouts using trillions in taxpayer money.
Then came Cyprus, and the formula changed.
The fix in that case was a trial balloon, and a successful one at that, and I’ll describe it below.
Again just recently, we had the latest evidence this “new approach” is going mainstream, and I can’t believe it’s not being talked about.
It’s already gathering steam, so get ready now…
You’re Not Getting the Full Story
Back in June, under the Irish Presidency, European finance ministers met to hash out banking reform. They agreed on the bank recovery and resolution proposal (BRR) and laid out a framework for a Single Resolution Mechanism.
They’re aiming to create a central agency that will have the ability to rescue ailing banks without using taxpayer money… in theory. The idea is for the European Union to integrate its banking system to the point where one overarching authority can act as a watchdog and resolve any problems across the entire union.
“Resolution tools” have been proposed in order to deal with future banking crises. These will include logical actions such as the sale of businesses, bridge banks, and asset separation tools. You know, the normal ways of dealing with a distressed business.
That would be benign, if it stopped there…
No One Reported the “December Slip”
On December 10, European finance ministers held marathon talks. Their goal was to reach an agreement by year’s end, so measures can be enacted before the current European Parliament’s term expires in May.
But some crucial elements of the agreement were left out of the story presented by the Associated Press.
It said the ministers have made headway towards a Europe-wide bailout fund. Whether that fund is to be built up through assessing fees on the banks and member states, and how much control over contributions each country would have, has yet to be finalized.
Here’s what wasn’t reported…
On December 2, Michael Noonan, Ireland’s Minister for Finance, dropped a bombshell at the Future of Banking in Europe Conference. Yet you’d be hard pressed to find any mention of it in mainstream media.
He discussed the need for a “toolkit” aimed at dealing with failing banks, while preserving essential bank operations and minimizing taxpayers’ exposure to losses.
The shocker was when a smirking Noonan said “I think the new key phrase is ‘bail-in is going to replace bail-out,‘ with all the implications that that carries.”
And it’s not just a threat to the European Union…
Coming Soon to the United States
Taxpayers in Europe and the rest of the developed world need to realize that Cyprus-style bail-ins are now becoming the new norm.
Understand this: the Cyprus bail-in saw all depositors in the affected banks, whose account balance exceeded the 100,000-euro insured maximum, take at least a 47.5% haircut on their deposits. This was seen as preferable over a European government bail-out, which would have been entirely taxpayer funded.
Shortly after the Cyprus crisis solution was presented in March, Dutch Minister of Finance Jeroen Dijsselbloem said in interviews that Cyprus would be the new template for future bailouts.
On that news, European markets began to tumble and the euro dropped against the dollar, as the cost to insure European banks against default rose. Dijsselbloem immediately backtracked, saying Cyprus was in fact a special case.
But it was too late. The cat was out of the bag.
Based on that and Noonan’s recent speech, it’s now clear the Cyprus bail-in model is in fact the new formula.
But here’s the thing:
We have a new “formula,” too…
Become Your Own Central Bank
Remember, this can happen in America.
Some observers suggest the 2010 Dodd-Frank Act codifies the use of bail-ins in the United States.
But America is far from alone. The E.U., United Kingdom, Canada, Australia, and New Zealand all have their own versions of bail-in laws too.
Let’s not kid ourselves. Banks will again face serious crises and suffer large losses. But the next time, your deposit will no longer be the bank’s liability. Instead, it’s already being considered the bank’s asset, one available to help recapitalize the bank and restore its equity, leaving you holding the bag.
These problems arise, by the way, thanks to our wonderful system of fractional reserve banking. But that’s a whole other article.
Meanwhile, you need to know how to protect yourself against a future bail-in.
Back in early November I told you your retirement account is fair game, and that you should protect yourself by becoming your own central bank. I also suggested there were several things you could do to protect your assets, like owning and investing in hard assets like gold, silver, energy, and real estate; by holding plenty of cash; and by holding some assets internationally.
The thing is, all of these are helpful strategies that can also help protect you against a future bail-in.
Like it or not, bail-ins will be a major part of future bank recapitalizations, meaning your deposits could be confiscated.
Cyprus was just the beginning. It’s time to prepare.

Tags: 2010 Dodd-Frank Act, 401(k)s, first legal bank robbery, Individual brokerage accounts, IRAs, Single Resolution Mechanism, Too Big To Fail 2.0
Posted by John MacHaffie at 7:40:00 AM 0 comments
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