Federal Reserve Board and FDIC Welcome ISDA Announcement

Date: Sun, Oct 12, 2014 at 11:55 AM
Subject: Federal Reserve Board and FDIC Welcome ISDA Announcement

Posted by Neckbone on October 12, 2014 at 11:49am Press Release Joint Release Board of Governors of the Federal Reserve System Federal Deposit Insurance Corporation For Immediate Release October 11, 2014 Federal Reserve Board and FDIC Welcome ISDA Announcement The Board of Governors of the Federal Reserve System and the Federal Deposit Insurance Corporation welcome the announcement today by the International Swaps and Derivatives Association (ISDA) of the agreement of a new resolution stay protocol. A significant portion of bilateral, over-the-counter (OTC) derivatives transactions with large banking organizations permit counterparties to liquidate, terminate, or accelerate the contract upon the banking organization's failure. Following the recent financial crisis, global financial regulators have focused on the potential for such contractual rights to disrupt the execution of an orderly resolution of a major global banking firm. This initiative is an important step toward mitigating the financial stability risks associated with the early termination of bilateral, OTC derivatives contracts triggered by the failure of a global banking firm with significant cross-border derivatives activities. Initially, 18 large banking organizations have agreed to sign onto the protocol. The protocol provides for temporary stays on certain default and early termination rights within standard ISDA derivatives contracts in the event one of the large banking organizations is subject to an insolvency or resolution proceeding in its home jurisdiction. The resolution stay amendments of the protocol are intended to facilitate an orderly resolution of a major global banking firm and reduce the potential negative impact of the resolution on financial stability by giving the bankruptcy court or resolution authority the ability to prevent early termination of financial contracts of the firm's global subsidiaries. The Federal Reserve and the FDIC are encouraged by this effort and look forward to the continuation of this important work. # # # FDIC: PR-83-2014 The FDIC does not send unsolicited e-mail. If this publication has reached you in error, or if you no longer wish to receive this service, please unsubscribe. Visit stage3alpha at: http://s3alpha.net/?xg_source=msg_mes_network To control which emails you receive on stage3alpha, click here

EXCLUSIVE: Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes.....

The Rumor Mill News Reading Room 

EXCLUSIVE: Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes.....

Posted By: Lymerick
Date: Monday, 13-Oct-2014 02:56:00

Sunday, Oct 12, 2014 04:00 AM MST "There has not been nearly enough change," she tells Salon, taking on Obama failures, lobbyists, tuition. So 2016? Thomas Frank Senator Elizabeth Warren scarcely requires an introduction. She is the single most exciting Democrat currently on the national stage. Her differentness from the rest of the political profession is stark and obvious. It extends from her straightforward clarity on economic issues to the energetic way she talks. I met her several years ago when she was taking time out from her job teaching at Harvard to run the Congressional Oversight Panel, which was charged with supervising how the bank bailout money was spent. I discovered on that occasion not only that we agreed on many points of policy, but that she came originally from Oklahoma, the state immediately south of the one where I grew up, and also that high school debate had been as important for her as it had been for me. In the years since then, Professor Warren helped to launch the Consumer Financial Protection Bureau (which will probably be remembered as one of the few lasting achievements of the Obama Administration); she wrote a memoir, A Fighting Chance; and she was elected to the United States Senate from Massachusetts. This interview was condensed and lightly edited. I want to start by talking about a line that you’re famous for, from your speech at the Democratic National Convention two years ago: “The system is rigged.” You said exactly what was on millions of people’s minds. I wonder, now that you’re in D.C. and you’re in the Senate, and you have a chance to see things close up, do you still feel that way? And: Is there a way to fix the system without getting the Supreme Court to overturn Citizens United or some huge structural change like that? How can we fix it? That’s the question that lies at the heart of whether our democracy will survive. The system is rigged. And now that I’ve been in Washington and seen it up close and personal, I just see new ways in which that happens. But we have to stop and back up, and you have to kind of get the right diagnosis of the problem, to see how it is that—it goes well beyond campaign contributions. That’s a huge part of it. But it’s more than that. It’s the armies of lobbyists and lawyers who are always at the table, who are always there to make sure that in every decision that gets made, their clients’ tender fannies are well protected. And when that happens — not just once, not just twice, but thousands of times a week — the system just gradually tilts further and further. There is no one at the table…I shouldn’t say there’s no one. I don’t want to overstate. You don’t have to go into hyperbole. But there are very few people at the decision-making table to argue for minimum-wage workers. Very few people. They need to get a lobbyist. Why haven’t they got on that yet? Yeah. Why aren’t they out there spending? In the context when people talk about “get a lobbyist,” the big financial institutions spent more than a million dollars a day for more than a year during the financial reform debates. And my understanding is, their spending has ratcheted up again. My insight about that, about exactly that point, [is] in the book [A Fighting Chance], in the second chapter, which is when my eyes first get opened to the political system. Here I am, I’m studying what’s happening to the American family, and just year by year by year, I’m watching America’s middle class get hammered. They just keep sliding further down. The data get worse every year that I keep pulling this data. Bankruptcy is the last hope to right their lives for those who have been hit by serious medical problems, job losses, a divorce, a death in the family — that accounts for about 90 percent of the people who file for bankruptcy. Those four causes, or those three if you combine divorce and death. So, how could America, how could Congress adopt a bankruptcy bill that lets credit card companies squeeze those families harder? What year was that? When they finally adopted it was 2005. But the point was, it started back in — actually it started in 1995, the effort [to change the bankruptcy laws]. And that’s when I got involved with the Bankruptcy Commission. When, first, [commission chairman] Mike Synar came to me, and then Mike Synar died. It was just awful. And Brady Williamson [the replacement chairman] came to me. But what I saw during that process is, this was not an independent panel that could kind of sit and think through the [problem]: “Let’s take a look at what the numbers show about what’s happening to the families. Let’s take some testimony, get some people in here who have been through bankruptcy, and some creditors who have lost money in bankruptcy, and let’s figure out some places where we could make some sensible recommendations to Congress.” That wasn’t what it turned out to be at all. It turned out that it was all about paid lobbyists . . . And what they wanted. And what they wanted. I tried as hard as I could, and there were almost no bankrupt families who were ever even heard from. And you stop and think about it — why would that be so? Well, first of all, to show up to something like that, you’ve got to know about it and you’ve got to take a day off from work. Who’s going to do that? These are families who are under enormous stress and deeply humiliated about what had happened to them. They had to make a public declaration that they were losers in the great American economic game. I know exactly the kind of people you’re talking about. I wanted to ask you, not specifically about people declaring bankruptcy, but about the broader working people of this country. You’re from Oklahoma. I’m from Kansas. You’ve seen what’s happened in those places. There are lots and lots of working people in those places and a lot of other places… Hardworking people. People who work hard. That’s what you want to remember. Not just people who kind of occasionally show up. Yeah. The blue collar backbone of this country. And in places like I’m describing, it gets worse every year—well, I shouldn’t say worse, because it’s their choice, but a lot of them choose Republicans. I was looking at Oklahoma, I don’t know if you’re aware of this, I’m pretty sure you are, 16 percent of the vote went for Eugene Debs in 1912 and today it’s going in the other direction as fast as it can. How is this ever going to change? I have at least two thoughts around that and we should explore both of them. One of them is that we need to do a better job of talking about issues. And I know that sounds boring and dull as dishwater, but it’s true. The differences between voting for two candidates should be really clear to every voter and it should be clear in terms of, who votes to raise the minimum wage and who doesn’t. Who votes to lower the interest rate on student loans and who doesn’t. Who votes to make sure women can’t get fired for asking how much a guy is making for doing the same job, and who doesn’t. There are these core differences that are about equality and opportunity. It can’t be that we don’t make a clear distinction. If we fail to make that distinction, then shame on us. That is my bottom line on this. You know, during the Senate race that I was in — I mean, I was a first-time candidate, I’d never done this before — the thing that scared me the most was that the race wouldn’t be about the core differences between my opponent and me. I wanted people to understand where I stood on investments in the future, investments in education and research that help us build a future. Where I stood on the minimum wage and equal pay. And where he stood on the other side. The point was not to blur the differences and to run to some mythical middle where we agreed with each other. The point was to say that, here are really big differences between the two of us. Voters have a chance to make a choice. In some ways that’s exactly the problem. When I talk to people, they often say Democrats aren’t the party of working people at all. And they talk about NAFTA and deregulating Wall Street, and they say, look at these guys, they won’t prosecute the financial industry. They say, Democrats talk a good game, but they’re always on the side of the elite at the end of the day. What do you say to these people? We’re the only ones fighting back. Right now, on financial reform, the Republicans are trying to roll back the financial reforms of Dodd-Frank. In fact, Mitch McConnell has announced that if he gets the majority in the Senate, his first objective is to repeal healthcare and his second is to roll back the financial reforms, and in particular to target the Consumer Financial Protection Bureau — the one agency that’s out there for American families, the one that has returned more than four billion dollars to families who got cheated by big financial institutions. That’s in just three years. So, Democrats have not done all that they should, but at least we’re out there fighting for the right things. We’re fighting and I think trying to pull in the right direction. So if the question is, hold us to a higher standard, man, I’m there. You’re right. [If] you want to criticize and say, “you should do more!,” the answer is: Yes, we should! You bet! We should be stronger. We should be tougher. But understand the difference between the Democratic Party and the Republican Party right now. It’s pulling as hard and fast as it can in the opposite direction. No doubt about that. I should ask you about — and we’re talking about the financial crisis and the failure to prosecute anyone, and the…I’m sorry, I’m going to get the name confused, the Consumer Financial Protection Bureau. That’s okay. It was named by Republicans to be as confusing a name as possible. (laughs) I used to think of it as the four random initials. (laughs) I just call it my consumer agency. So that’s it, just the consumer agency. So here’s another aspect of this: Eric Holder is stepping down as attorney general, and you in the Senate are going to have to confirm a successor. And one of the things, I don’t know if you’ve followed this or not, but one of the things the Department of Justice has been doing, if you look at the actual prosecutions they’ve been making, they essentially blame the financial crisis on little people. People who lied on their loan applications. And I wonder, are you going to demand something different out of his successor? You’re going to have a chance to confirm this guy and talk to this guy… You bet I am. I want to be clear on this. It’s the Justice Department. But it’s also the banking regulators. And the SEC. So the most recent hearing we held that had them all in together — you know we get them in twice a year — and, boy, you want to ask me if I’m glad to be in the United States Senate? (laughs) I get to be on the Banking Committee, and twice a year we haul the banking regulators in front of us for supervision. For oversight I should say, not supervision. So we had them all in. . . . We had them all in, in July. And that was the question I asked: How many big bank executives have you referred to the Department of Justice for criminal prosecution? MUCH MORE AT LINK

EXCLUSIVE: Elizabeth Warren on Barack Obama: “They protected Wall Street. Not families who were losing their homes......

CIA & 19,000 SWISS BANK ACCOUNTS FUND TERRORISM tied to Michael Hastings death. Army Officer Scott Bennett -Whistleblower Interview. MUST LISTEN

CIA & 19,000 SWISS BANK ACCOUNTS FUND TERRORISM tied to Michael Hastings death. Army Officer Scott Bennett -Whistleblower Interview. MUST LISTEN

UPDATED:



SHELL GAME FULL TEXT [link to www.projectcamelotportal.com]

Download, share and save!


PROJECT CAMELOT LINK
[link to www.projectcamelotportal.com]


THIS IS A MUST LISTEN TO INTERVIEW!
Project Camelot interview with Scott Bennett




[link to youtu.be]

I think this new title of the thread might be more appropriate....

This is the Previous title to thread....
This is why Michael Hastings was murdered. 19,000 Swiss Bank Accounts that fund Terrorism, This also explains why Holder stepped down



For those who have not taken the time to Watch/LISTEN to this interview....
Scott Bennett, 2nd Lieutenant Army worked in the Counter Terrorism Financing division. He exposes what Michael Hastings was working on, when Hastings was murdered. He connects the dots to Edward Snowden and others.



He wrote a book exposing all of this;
SHELL GAME: A military Whistleblowers Report To Congress. 


Published on Oct 2, 2014
Discussion of the book SHELL GAME: A Military Whistleblowing Report to the U.S. Congress Exposing the Betrayal and Cover-Up by the U.S. Government of the Union Bank of Switzerland-Terrorist Threat Finance Connection to Booz Allen Hamilton and U.S. Central Command

By 2LT Scott Bennett 11th Psychological Operations Battalion (retired)

Part of the reason behind Eric Holder's immediate retirement.

BACKGROUND OF SPEAKER:

Scott Bennett is a U.S. Army Special Operations Officer (11th Psychological Operations Battalion, Civil Affairs-Psychological Operations Command), and a global psychological warfare-counterterrorism analyst, formerly with defense contractor Booz Allen Hamilton.

He received a Direct Commission as an Officer, held a Top Secret/Sensitive Compartmentalized Information (TS/SCI) security clearance, and worked in the highest levels of international counterterrorism in Washington DC and MacDill Air Force Base in Tampa, Florida. He has worked at U.S. Special Operations Command, U.S. Central Command, the State Department Coordinator for Counterterrorism, and other government agencies. He served in the G.W. Bush Administration from 2003 to 2008, and was a Social Science Research Fellow at the Heritage Foundation. His writings and lectures seek to enhance global awareness and understanding of modern psychological warfare, the international intelligence.

The Money Masters ~ Full Movie ~ HOW INTERNATIONAL BANKERS GAINED CONTROL

The Rumor Mill News Reading Room 

The Money Masters ~ Full Movie ~ HOW INTERNATIONAL BANKERS GAINED CONTROL

Posted By: Lymerick
Date: Monday, 13-Oct-2014 04:07:22

THE MONEY MASTERS is a 3 1/2 hour non-fiction, historical documentary that traces the origins of the political power structure that rules our nation and the world today. The modern political power structure has its roots in the hidden manipulation and accumulation of gold and other forms of money. The development of fractional reserve banking practices in the 17th century brought to a cunning sophistication the secret techniques initially used by goldsmiths fraudulently to accumulate wealth. With the formation of the privately-owned Bank of England in 1694, the yoke of economic slavery to a privately-owned “central” bank was first forced upon the backs of an entire nation, not removed but only made heavier with the passing of the three centuries to our day. Nation after nation, including America, has fallen prey to this cabal of international central bankers. Segments: The Problem; The Money Changers; Roman Empire; The Goldsmiths of Medieval England; Tally Sticks; The Bank of England; The Rise of the Rothschilds; The American Revolution; The Bank of North America; The Constitutional Convention; First Bank of the U.S.; Napoleon’s Rise to Power; Death of the First Bank of the U.S. / War of 1812; Waterloo; Second Bank of the U.S.; Andrew Jackson; Fort Knox; World Central Bank

The Money Masters ~ Full Movie ~ HOW INTERNATIONAL BANKERS GAINED CONTROL

Message from Montague Keen - October 12, 2014

Rumor Mill News Agents Forum

Message from Montague Keen - October 12, 2014

Posted By: Mr.Ed [Send E-Mail]
Date: Monday, 13-Oct-2014 03:43:50

Message from Montague Keen - October 12, 2014 THERE IS NO CRUELER TYRANNY THAN THAT WHICH IS PERPETUATED UNDER THE SHIELD OF LAW AND IN THE NAME OF JUSTICE. Charles de Montesquieu You will have cause to remember these words as you proceed towards 2015. Be aware and informed so that your decisions are arrived at only after all options are studied. Scare tactics are being used to influence all decisions that affect your very existence. The unseen battle is raging all around you. Propaganda is at an all time high. Everything possible is being used to keep control of your world. They have the technology and are using it against you: health, banking, laws; it is all being used to destroy the conscious human being. Those of you who are awake and aware must reach out to those who need a helping hand to wake up. There has never been a greater need for humanity to come together than now. Put aside all differences, whether religion, politics, or race. You must stand together as one against the destruction of your planet and life as you know it. Together, you can achieve great things. It is important that you are aware of all the ways that you are being attacked so that you can protect yourselves. You must also be prepared for the collapse of the cabal and what that entails. It will be necessary for you to learn a new way of living life on Earth. Look at what the cabal controls: the production of food and supply of water, banking, just about everything that is necessary for life on Earth as you have lived it up to now. Veronica and I have communicated on this subject for many years now. She will follow my instructions regarding the laboratories that will produce natural medications that will be needed when all drug-based medicine is no longer being produced. Your whole way of life will change. It will be necessary to ensure that there is clean air to breathe, pure water, and food without chemicals. All the illness is caused by the chemicals which your bodies have not been able to tolerate. Hard work and planning will have to go into life in the new age of peace and love. Once everything is in place it will be as paradise on Earth. You are the chosen ones as you chose to prepare your planet for its bright new future. When all that is corrupt is removed, you will be left with a clean sheet. You will be guided by your friends from other planets, and of course, the spirit side of life. Knowledge will be shared by all countries and humanity will become ONE; with all contributing in friendship, love and peace. This is the future you are working towards. Our Centers will provide information, advice and guidance. Humanity cannot be left floundering, unsure of what to do. Our grateful thanks go out to all who have donated to the purchase of our first Center. Know that your contributions will be used to create a better life for all. It is important that you are fully aware that many are being taken over by a virus which invades the brain. This virus is not of the medical type. It is being used to work for the cabal, especially to attack those who work towards peace and harmony. People are unaware of this virus which attacks the brain. They become unwilling victims, to be pitied rather than blamed. Humanity is being attacked on many levels that you are not yet aware of. All this is balanced by the many beautiful souls who have awakened and come together for the good of humanity and your planet. They have put aside all contrived differences and they look to a better future for all in a world without war or strife of any sort. A world where TRUTH will prevail. You will learn your true history and you will come to understand life on Earth in all its complexity. All that was hidden will be open to you, for it is necessary to know the TRUTH. Those who surreptitiously took control of your world for their own evil ends will have to face the consequences of their actions. They have killed with impunity and they have showed no respect for human life. All this will change, and each one of you will have a hand in bringing about this change. Deal with the present, look to the future, and know that you will make it happen. Rebuff all attempts to hold you in the dark control. It is time to release yourselves from bondage. Taste freedom and enjoy all that freedom - real freedom - will bring. You have taken the first steps towards your goal. You will succeed. You now see through all the LIES, false alarms, emergencies, and the rest. These no longer have the desired impact. The ley line work must continue. You are doing sterling work on the ley lines. The new ley lines need to be welcomed and embraced. You are becoming familiar with how your planet works and are happy to assist it through these difficult times. It will not be long, my dear. We are almost there. Truth will triumph. Always, your adoring, Monty. Message from Veronica The only reason I shared information on my attacks is to make you aware of the signals coming from your body when it is under attack. I was not aware of these signals, otherwise I could have removed myself from danger. People from other countries have contacted me about their attacks. It is important to share such information. It was by no means a display of fear. If I had allowed fear to take hold, I would have gone in the ambulance to the hospital in Dublin. I KNEW that I must not agree to that, so I trusted my instinct. A heartfelt thank you to everyone for your kind wishes. With love, Veronica. Website: The Montague Keen Foundation http://www.montaguekeen.com/

Dinar Intel Updates 13 Oct

OMEGAMAN UPDATE, 13 OCT

Omegaman: if the GCR is LIVE as of now, from East to West; then Forex should go live tonight then the Admiral should go in tonight then we should be at the banks Tuesday...IF........BELIEVE...

Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 8:53

RV/GCR UPDATE : WE ARE NEXT, 13 OCT

Rv/gcr: Just off the Phone with the big guy and what I just heard was the release of funds is moving from east to west and we don't know when exactly the public will start...I am not so worried about that as I want to see the privates start my reasoning for this is because the public's follow the private and as long as the public knows the privates have started we know we are next....so the next thing to look at is back to when is IRAQ going to be announced into the World Trade Organization with the International currency...THERE YOU HAVE IT......they cannot keep it from the public any further than that regardless so lets stay positive and see if this starts the privates either tonight or in the morning so we know as currency holders we are next

Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 10:31

RV/GCR UPDATE, 12 OCT

10-12-14 R.V. / GCR: The Money is just now released and moving EAST to WEST.

Last tidbit for now...dot dot dot.......pursuing the claim for theft of gold from the Philippines with the US Marines....happy timberdays….

This intel just in - the 800 numbers are still supposed to be given out at any given time when they say GO... Just heard the privates could start tonight or tomorrow... you know if the privates’ start, that pretty much includes all of you.

Publicado por Dinaresgurus.blogspot.com FORO DINAR GURUS en 7:00 PM No comments:

Growing List of Sheriffs, Associations and Police Chiefs Saying ‘NO’ to Obama Gun Control 

http://cspoa.org/sheriffs-gun-rights/

Last updated: October 13, 2014 12:02 am

Race is on to build world’s first driverless car

By Chris Bryant in Frankfurt and Andy Sharman in London

Who will build the self-driving car of the future?

Fired-up by Google’s driverless prototype, carmakers such as Mercedes-Benz andVolvo are already testing autonomous vehicles on public roads.

Advanced driver assistance systems

More

ON THIS TOPIC

• Autopilots needed for tweeting drivers
• Tim Harford Pity robot drivers
• Insurers worry driverless cars are ‘existential threat’
• Will driverless car see off cyber war?

IN AUTOMOBILES

• Fiat and Chrysler seal radical conversion
• Elon Musk launches high-end Tesla car
• Thai car and truck sales plummet
• Carmakers struggle in southeast Asia

But the advanced sensors and electronics that form the building blocks of self-driving cars are often made by suppliers, not the car manufacturer.

Some fear that, in the long term, carmakers that lag behind in autonomous vehicle technology face a future akin to today’s PC assemblers – with the big profits accruing to the companies behind the software and electronic content underneath.

“It’s all the suppliers into the industry who, in the fullness of time, will gain the power,” says a senior industry analyst, who works closely with the leading carmakers. “If I’m the buyer, I don’t care if it’s a 1.9-litre car or a 2.4 – because I’m not driving it.”

Carmakers have been gradually adding autonomous elements to their vehicles since Jaguar introduced adaptive cruise control in its XK sports car in 1996.

These so called ADAS features – advanced driver assistance systems – help alleviate the tedium of driving and reduce accidents.

Newcomer Tesla Motors last week unveiled a self-driving feature that can adjust the vehicle’s speed automatically after reading the limit shown on road signs.

A combination of tougher safety assessments and carmakers’ desire to differentiate their products make it likely that more ADAS will be added to vehicles in coming years, also in the mass-market – laying the foundation for a not too distant future of full vehicle autonomy.

Analysts expect suppliers of radar, cameras, mapping technology and software to be among the big winners of increasing vehicle autonomy as they gradually account for a higher proportion of the value mainstream vehicles.

Brave new world

New vehicle technology is not only changing assumptions about driving, but also allowing reinterpretations of how cars should look, as evidenced by Volkswagen’s XL1

See below

Guillaume Devauchelle, vice-president for innovation at Valeo, the French supplier, says: “We don’t see it as a battle [between manufacturers and suppliers], but where there is clear value added, there is bargaining power.”

Suppliers that are able to offer a broad spectrum of autonomous vehicle technologies stand to benefit most – a belief that has sparked a wave of consolidation in the industry.

Privately-held ZF Friedrichshafen last month agreed toacquire TRW Automotive, a US manufacturer of video cameras and radar systems, for $12.4bn. Stefan Sommer, ZF chief executive, says the German transmission supplier viewed driver assistance systems and autonomous driving as a key impetus of future growth.

A week later, Panasonic agreed to buy a 49 per cent stake in Ficosa, a family-owned Spanish car-parts manufacturer, for an undisclosed price. Panasonic hopes to develop self-driving car technology jointly by combining its automotive sensor expertise with Ficosa’s image recognition technology.

Autoliv, the Swedish supplier of seat belts and airbags, has also made several bolt-on acquisitions, including an automotive radar business and an exclusive software licence from Germany’s Hella for forward-looking camera systems.

More video

Driver assistance systems based on these products are already entering the latest generation of vehicles. These features include lane departure warning, automatic parking, autonomous emergency braking and pedestrian detection.

German suppliers Continental and Bosch are among the leaders as both have benefited from the tendency of the German premium carmakers to install new ADAS in their upmarket vehicles.

The new Mercedes-Benz S-Class includes a “traffic jam assist”, which allows the car automatically to follow the one in front at low speeds.

Driver assistance features still make up a relatively small market compared with suppliers’ core products, such as braking systems, airbags and tyres. At Continental, ADAS are set to account for just over 1 per cent of projected 2014 sales of €34.5bn.

If the [software] code goes wrong it could be catastrophic . . . no manufacturer wants that

- Jack Bergquist of IHS Automotive

But the sector is expected to grow rapidly. Exane BNP Paribas forecasts the market for automated and assisted driving technology will be worth some $25bn by 2020 and $57bn by 2025, compared with $6bn today.

“Google has lit the touch paper on the race to the self-driving car for which suppliers should be thankful,” the broker told clients in a note.

Elmar Degenhart, Continental chief executive, says its ADAS sales will grow about 30 per cent annually in coming years to reach about €1bn by 2016. German rival Bosch has a similar 2016 target.

Autonomous vehicles will also require a large number of back-up systems to guarantee safety, which again plays to the advantage of electronics suppliers.

However, much will depend on how far carmakers are willing to outsource the work on automating the vehicle.

“The less vertically integrated the [carmaker] chooses to be, the greater will be the value accrued to the suppliers – and we could expect to see a significantly higher level of outsourcing over time,” Morgan Stanley told clients in a report.

The ability to integrate hardware and software will separate the winners from losers, executives say.

“Only automakers and suppliers with broad systems expertise will succeed,” Volkmar Denner, chief executive of Bosch, said in March.

Why does the driver even have to face forward? I could have a conference table in my car and host a meeting

- Richard Wallace of the Center for Automotive Research

Carmakers and the leading car part suppliers are therefore investing heavily to build their software capability.

However, standalone software companies are also expected to play an important role because of the sheer complexity of writing and updating millions of lines of code.

Google is not the only competitor. Shares in Mobileye, an Israeli start-up that makes camera-based software for self-driving vehicles, surged after its US IPO raised $890m in August. Meanwhile, Mercedes-Benz is working with Elektrobit, a Finnish automotive software developer.

Martin Schleicher, vice-president of strategy of EB’s automotive business, says he assumes that carmakers “will have a major role in contributing to software development, since it will become an essential element in their brand identity”.

Jack Bergquist, consultant at advisory group IHS Automotive, says carmakers will also seek to retain control over the software for liability reasons.

“If the [software] code goes wrong it could be catastrophic . . . no manufacturer wants that – any vehicle manufacture is therefore going to make sure they have a very strong hand there,” he adds.

A central controller that uses algorithms to process the sensor data and convert these into vehicle actions is likely to form the operating system or “brain” of the self-driving vehicle.

The outcome of the battle between manufacturers and suppliers to control the brain “will determine who controls the value of the car”, Morgan Stanley concludes.

Additional reporting by Kana Inagaki in Tokyo and Michael Stothard in Paris

Tech advances lead to fundamental changes to cars’ looks

Visitors at last week’s Paris motor show could have been forgiven for thinking Infiniti’s Q80 concept car was not quite finished, writes Andy Sharman.

The sleek, silver luxury saloon had everything one would expect of Nissan’s high-end marque – everything, that is, except wing mirrors.

The vehicle, which instead uses rear-facing cameras embedded into the wheel arches that stream footage to a dashboard screen, shows how new vehicle technology is not only changing assumptions about driving, but also allowing reinterpretations of how cars should look.

While completely driverless vehicles – epitomised by Google’s driverless golf buggy with its bug eyes and rooftop antenna – are seen by many as a distant prospect, mainstream carmakers are already starting to redraw conventional designs.

©AFP

Volkswagen’s XL1, pictured, already on sale in mainland Europe and soon to hit UK roads, has camera-based wing mirrors.

Other manufacturers are working on steering wheels that can slide into the centre of the car, giving the driver more space when the vehicle is on “autopilot”.

Daimler’s demonstration lorry, the Future Truck 2025, allows the driver’s seat to swivel away from the steering-wheel. It also features a hidden panel of LED lights that signal when the vehicle is in autonomous mode.

Under a driverless future, even more radical options present themselves. “If the human doesn’t have to control the car, that opens up all sorts of dimensions,” says Richard Wallace, director of Transportation Systems Analysis at the Center for Automotive Research.

“Why does the driver even have to face forward? I could have a conference table in my car and host a meeting.”

Autonomous vehicles also offer the potential for accident-free driving, which means lighter, less protective materials could be used for the bodywork.

Dominique Bonte, vice-president at ABI Research, says: “Why do we need these super-reinforced boxes of metal that can resist all types of crashes . . . if the chance of a crash is zero?”

Gunung Padang, The Mysterious Ancient Pyramid In Indonesia That Is Rewriting History

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Gunung Padang, The Mysterious Ancient Pyramid In Indonesia That Is Rewriting History

Posted By: Susoni [Send E-Mail]
Date: Sunday, 12-Oct-2014 23:19:48

The archaeological establishment is scrambling to find some reason to reject and pour scorn on the extraordinary consequences of the excavations now taking place at Gunung Padang in Indonesia. Since its first exploration by archaeologists in 1914 the site was thought to be a natural hill with 2500 year-old megalithic structures on top of it. But in 2010 geologist Dr Danny Hilman Natawidjaja (who earned his doctorate at Cal Tech) recognized this “hill” as a possible man-made pyramid and began to explore it using ground penetrating radar, seismic tomography, resistivity survey and other remote sensing techniques, as well as some direct excavations and deep core drilling. The results were immediately intriguing (see this article I wrote in January for background: http://www.grahamhancock.com/forum/HancockG9-Mystery-Lost-Civilization.php) producing evidence of deeply buried man-made chambers and yielding carbon dates going back as far as 26,000 years. This was the last Ice Age when our ancestors are supposed (according to the orthodox archaeological model) to be have been nothing more than primitive hunter gatherers incapable of large-scale construction and engineering feats. Was it possible that geologist Natawidjaja was unearthing the proof of a lost advanced civilization of prehistoric antiquity? Such ideas are heresy to mainstream archaeologists and sure enough the archaeological establishment in Indonesia banded together against Dr Natawidjaja and his team, lobbied the political authorities, agitated locally and succeeded in slowing down, though not completely stopping, the further exploration of Gunung Padang. Dr Natawidjaja fought back, doing some high-level lobbying of his own, taking the matter to the President of Indonesia himself. There were further delays to do with elections in Indonesia but just a couple of months ago, in mid-August 2014, the final obstacles were lifted and Dr Natawidjaja and his team moved back onto the Gunung Padang site with full approval to go ahead with their work, including permission to excavate the concealed chambers. Archaeologists were furious and immediately began lobbying to get the work stopped – fortunately to no avail as preliminary excavations have produced results that prove beyond doubt that Gunung Padang in indeed a man-made pyramid of great antiquity as Dr Natawidjaja had long ago proposed. Even the relatively young layer so far excavated (the second artificial columnar rock-layer beneath the megalithic site visible on the surface) has yielded dates of 5200 BC (nearly 3000 years older than the orthodox dating for the Pyramids of Giza in Egypt) and there are firm indications from the original remote sensing and core drilling work of much older layers below. In short, it is now evident to all that the site is vastly older than the 2500 years that archaeologists had insisted upon for decades. Even the most hostile amongst them are therefore now reframing their assessment of the site and referring to it as “a gigantic terraced tomb, which was part of the biggest megalithic culture in the archipelago.” For a flavor of the sour grapes the archaeological establishment feel towards Dr Natawidjaja and his team see this recent article from the Jakarta Post:http://www.thejakartapost.com/news/2014/09/24/archaeologists-slam-excavation-gunung-padang-site.html I asked Dr Natawidjaja for his response to the Jakarta Post article and he replied as follows: “The article has got the story all wrong. All excavations were supervised by archeologists from Agency for Conservation and Management of Archaeological Sites (BPCB) and University of Indonesia. The excavation sites have also recently been inspected by the Director for Conservation of Archeological Sites (who is the boss of Miss Desril Shanti ), by the head of the BPCB, and by the Minister of Education and Culture himself. Afterward, they gave a press conference confirming that all excavations are good and proper. For information, the head of the National Archeological Center, which is the main office above local Archeological Centers including Bandung Archeological Center, is also a member of the National Team for Gunung Padang. The Jakarta Post article is also wrong about the funding. The Minister of Education and Culture did indeed announce in the press conference that he would allocate about Rp 3 billion for the research but it has not begun to be disbursed yet. So far, I and my team are still working willingly on our own funding with the help of the soldiers (TNI) who have been working alongside us. Of course the TNI have their own funding – but not from that Endowment Fund.” As to the progress of the work at Gunung Padang, Dr Natawidjaja writes as follows: “The research progress has been being great. We have excavated three more spots right on top of the megalithic site in the past couple weeks, which give more evidence and details about the buried structures. We have uncovered lots more stone artifacts from the excavations. The existence of the pyramid-like structure beneath the megalithic site is now loud and clear; even for non-specialists, it is not too difficult to understand if they come and see for themselves. We have found some kind of open hall buried by soil 5-7 meters thick; however we have not yet got into the main chamber. We are now drilling to the suspected location of the chamber (based on subsurface geophysic) in the middle of the megalithic site.” Stay tuned for more news from the front line!

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The Anunnaki, New World Order, & The Hidden

The Rumor Mill News Reading Room 

The Anunnaki, New World Order, & The Hidden

Posted By: RumorMail [Send E-Mail]
Date: Sunday, 12-Oct-2014 23:26:02

Click here to listen to the 1 hour radio cast. http://www.stitcher.com/podcast/2508/16196/e/35659875?eid=35659875 Episode Info Anunnaki expert, Gerald Clark joins THC to discuss not only this ancient origins tale, but also how it relates to so many unexplained or confusing areas of our past, present, and even our future. Whether it be the ancient emphasis on the zodiac wheel, the hidden motivators of the secret cabals, or the Ebola virus….it all seems to be connected to these mysterious overlords. In the Plus show, we talk more about how the chakra system, reincarnation, the electromagnetic spectrum, the DNA of Egyptian mummies, the Malaysian plane conspiracy, ISIS, the monetary system, and the stand off with Russia all relate to this ancient tale. Gerald’s Website: http://geraldclark77.com/ Nordik Fire’s music: http://nordikfire.com/ Join THC+: www.thehighersidechatsplus.com/subscribe

Banks Crush Gold Prices

Banks Crush Gold Prices 10/12/2014 0 Comments Banks Crush Gold Prices On The Opening Day Of The New Chinese Gold Exchange By Kenneth Schortgen Jr    Finance Examiner On Sept. 18, the Chinese opened a new public gold exchange that will serve as both an alternative and competitor to the Western backed gold market.  But unlike the U.S. Comex and London based futures markets, China's Shanghai exchange will be dedicated to cash and carry gold buying and selling, and will accelerate the day when the U.S. No longer controls the spot price of precious metals. ~~~ Gold manipulation on the Comex Courtesy of silverdoctors.com However, an interesting thing occurred on the day before, and the day of, the opening of the Shanghai exchange. Gold prices on the Comex were crushed by the banks and by the Federal Reserve, with massive short positions taking down the spot price by more than 2% from a high of $1238 to its low of $1215.  And while this attack on the spot price was taking place in the Western gold markets, China was seeing far more buys than sells on its exchange, and bears the question of why prices fell when there was far more demand than supply occurring in the physical delivery markets? For it is this dichotomy between the Western paper markets, and the physical Eastern markets, that will be the catalyst for the shift of price discovery soon moving away from the Comex and onto the Chinese controlled Shanghai exchange.     The graph pattern above repeats itself almost every night. Gold/silver get smashed when the fraudulent Comex paper trading is at its most active and Asia is asleep. The Asians wake up and resume their furious buying. Gold premiums in Shanghai are as high as I’ve seen them in a long time. Silver has been in backwardation all summer. Then, as Asia closes down the metals get hit again, starting in the fraudulent London market. Wash, rinse, repeat. - Dave Kranzler, Investment Research Dynamics Gold demand in the East, where China and India provide a major portion of consumer and bullion bank purchases, is far greater than in the West where physical deliveries have declined over the past two years. In fact, on a single day last year when the Peoples Bank of China released tons of gold in the form of jewelry and other physical molds, over 10,000 Chinese consumers stood in vast lines just to have the chance to buy the precious metal as a hedge against devaluing currencies. Comparatively, best estimates by industry analysts predict that only 1-2% of Americans hold physical gold, and place them at or near the bottom in ownership of physical precious metals in the industrialized world. And perhaps this is primarily due to a herd mentality when it comes to investing, where Americans jump from one sector to another as the market creates one bubble after another to prolong an economic boom based on cheap money and quantitative easing. Logically, since the American people and the Western banks have divested themselves of most of their physical gold through leases, or reliance in paper gold investments such as an ETF, it is no longer reasonable for the Federal Reserve or the Comex to be controlling the price of gold or silver, especially as nations like China, India, and Russia control the lion's share of the physical metal. And perhaps the reason why the Comex has not fully given up that price control yet is because having dominion over the spot price allows the central banks in the West to keep gold prices suppressed in a last ditch attempt to protect the dollar, and stem the growing tide taking place around the world that seeks a return to the gold standard and a new and more stable reserve currency. Banks crush gold prices on the opening day of the new Chinese gold exchange http://www.dinarrecaps.com/our-blog/banks-crush-gold-prices

RV/GCR UPDATE, 12 OCT

RV/GCR UPDATE, 12 OCT

10-12-14 R.V. / GCR: The Money is just now released and moving EAST to WEST.

Last tidbit for now...dot dot dot.......pursuing the claim for theft of gold from the Philippines with the US Marines....happy timberdays….

This intel just in - the 800 numbers are still supposed to be given out at any given time when they say GO... Just heard the privates could start tonight or tomorrow... you know if the privates’ start, that pretty much includes all of you. PT