Puppet MastersS

Dollar

Impending collapse: Bank bail-ins and the black hole of our system

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© theguardian.comBank of Cyprus
The bank bail-in rumble is growing louder. After the events in Cyprus, a small country and potentially meaningless in the eyes of most people, it seems that bail-in idea has spread like a virus across the Western world.

Only in the last week, we saw the following developments:
  • Slovenian parliament has approved bank bail-in rules. (source)
  • The leader of the Eurogroup Working Group (Thomas Wieser) revealed that the eurozone should introduce bank bail-in rules from 2016, as reported by the German Der Spiegel. (source)
  • UK based Co-operative Bank announced a bondholder bail-in rescue plan. (source)
All these events come right after the IMF super tax proposal of 10% on savings accounts of households with a positive net worth in Europe (reported on this site) earlier this month.

One could rightfully ask the question why this type of measures are considered in a world which is being flooded with liquidity on a scale that mankind has never seen before (whether one calls it money printing, quantitative easing, easy money, or helicopter money).

Comment: Although the legal framework for bail-ins has been put in place by many countries, it seems likely that confiscation/annuitization of pension and retirement accounts (amidst government promises) will precede wholesale bail-in of general savings accounts.


Megaphone

Twitter keeps suspending account critical of Obamacare

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Twitter has repeatedly suspended an account critical of the Affordable Care Act.

The account, @mycancellation, was just getting started when Twitter suspended it - twice - before reinstating the account late Saturday night.

The purpose of @mycancellation or mycancellation.com was to allow some of the millions of Americans who are losing their health insurance to post pictures of themselves with their cancellation letters. "Help us show Washington the faces who lost what they liked," the account asked. "ObamaCare canceled your health insurance. Now, send us your letter," the tagline for the website advertised.
Real ppl are losing insurance they were told they could keep. Send your picture & letter: letters@mycancellation.com pic.twitter.com/G0XY6IyQ4G
- My Cancellation (@MyCancellation) November 3, 2013

Cult

Pope goes after forced labor, prostitution

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© AFP PhotoPope Francis celebrates mass in St Peter's Basilica at the Vatican on November 4, 2013Pope Francis celebrates mass in St Peter's Basilica at the Vatican on November 4, 2013
Pope Francis wants action against modern forms of slavery including forced labour and prostitution, the Vatican said Monday after a meeting of experts called by the pontiff to debate the problem.

Dozens of academics, doctors and clerics were hosted by the Vatican to discuss issues close to the pope's heart, including the struggle against organ trafficking and people smuggling.

"Some experts believe human trafficking will overtake drug and arms trafficking in a decade, becoming the most lucrative criminal activity in the world," Marcelo Sanchez Sorondo, chancellor of the Pontifical Academy of Sciences, told reporters.

Sorondo said the pope was heavily invested in a subject he knows well from his years in Latin America and had even invited two experts on human trafficking that he knows from Buenos Aires.

Info

Nixon's dirty trickster: LBJ killed JFK

Abby Martin speaks with former Nixon White House advisor and self-proclaimed 'GOP Hitman', Roger Stone, about his new book The Man Who Killed Kennedy as well as his career behind the scenes of dirty politics.


Arrow Down

New Mexcico police cite "clenched buttocks" as probable cause to conduct 14 hour cavity search on man

New Mexico Police
© CassWarfareExists
A New Mexico man was pulling out of a parking lot when he failed to make a complete stop at a stop sign. When he saw police lights behind him he probably thought, like most people, that this would end in a warning or perhaps a minor citation. He didn't expect it would spiral into a nearly day long ordeal where he would be subjected to increasingly intrusive cavity searches over accusations that he was hiding drugs in his anus.

It all started when upon pulling David Eckert over, New Mexico police asked the man to step out of the car. That's when they claim "[Eckert] appeared to be clenching his buttocks." From that they said they had probable cause for searching for drugs on - and in - the man.
Eckert says he was then taken to a nearby emergency room to have the invasive search completed. When a doctor at that facility refused, police took Eckert to another medical center willing to conduct the procedure. [source]
The New Mexico police are nothing if not persistent. After driving Eckert to another medical center the police and medical staff subjected him to the following humiliating - and ultimately fruitless - procedures.


Snakes in Suits

SAC Capital first large Wall Street firm in generation to confess insider trading, slapped on wrist with $1.2 billion fine

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The hedge fund titan Steven A. Cohen sat at the center of his vast trading floor on Monday, buying and selling stocks. In a sign of his enduring influence on Wall Street, he did business with major banks like Goldman Sachs and JPMorgan Chase.

Just last week, Mr. Cohen appeared relaxed courtside at Madison Square Garden while watching the New York Knicks defeat the Milwaukee Bucks in their season opener. And he will soon be closely monitoring the auctions at Sotheby's and Christie's, which are selling about $80 million worth of art from his vaunted collection, including two Warhol paintings and a Cy Twombly sculpture.

For the 57-year-old billionaire, it is business as usual.

But on Monday, federal prosecutors announced that Mr. Cohen's firm, SAC Capital Advisors, had agreed to plead guilty to insider trading violations and pay a record $1.2 billion penalty, becoming the first large Wall Street firm in a generation to confess to criminal conduct. The government has also forced SAC to terminate its business of managing money for outside investors.

Heart - Black

Post 9/11, CIA and Pentagon forced doctors to become torturers, new study charges

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© Shane T Mccoy/PAAn al-Qaida detainee at Guantanamo Bay in 2002: the DoD has taken steps to address concerns over practices at the prison in recent years.
The Guardian UK headline on November 4 reconfirms the outlaw depravity of the US after 9/11 in terms of torture, "CIA made doctors torture suspected terrorists after 9/11, taskforce finds: Doctors were asked to torture detainees for intelligence gathering, and unethical practices continue, review concludes."

One of things that the "Change" slogan of the 2008 Obama campaign meant to many ethical people who uphold standards of international law and decency is that those responsible for torture under the Bush administration would be held accountable. No such efforts were made under a president who boasts of his assassination list.

The Guardian UK reported:
Doctors and psychologists working for the US military violated the ethical codes of their profession under instruction from the defence department and the CIA to become involved in the torture and degrading treatment of suspected terrorists, an investigation has concluded.

The report of the Taskforce on Preserving Medical Professionalism in National Security Detention Centres concludes that after 9/11, health professionals working with the military and intelligence services "designed and participated in cruel, inhumane and degrading treatment and torture of detainees".

Medical professionals were in effect told that their ethical mantra "first do no harm" did not apply, because they were not treating people who were ill.

Attention

Guy Fawkes Day: Why 'V for Vendetta' is more important than ever


V for Vendetta
© Superior Pics
Warning: major spo
ilers below

Every Nov. 5 for the past few years, I've sat back with a few friends to watch V for Vendetta. While ostensibly we did this to commemorate Guy Fawkes Day, which marks the anniversary of British revolutionary Guy Fawkes's attempt to blow up the Parliament in 1605, we really did it because everyone else was doing it, and we were bored.

But this Nov. 5, I expect I'll be a bit more alert when I watch V. Why? Because the movie's lessons are more important now than ever before.

Originally a graphic novel by Alan Moore, V for Vendetta is set in a dystopian England where a revolutionary wearing a Guy Fawkes mask sets out to destroy a fascist party called Norsefire by convincing citizens to stand up and rule themselves.

Dollars

Armies and police are being privatized around the world and business is booming

Private Security
© Ramzi Haidar/AFP/Getty ImagesAn American private security guard pushes back Iraqi demonstrators in Baghdad.

In a world where budgets are tight, and bottom lines daunting, it makes sense that governments around the world have to do more with less, or they just have to do less. Surprisingly, one part of the state apparatus that most countries seem happy to outsource is one of its most fundamental - security. At home, cash-strapped American cities, and even communities, are turning to private forces to protect public order. And a report out of the UN on Monday shows that the private security industry is experiencing a global economic boom that many of its customers would love - the shadowy industry is growing at 7.4 percent a year and is on target to balloon to a $244 billion global market by 2016.

Unsurprisingly, the U.S. is the world's biggest spender on private security, totaling $138 billion a year, thanks in large part to a spike in demand during the concurrent wars in Iraq and Afghanistan.

According to the report, last year the Pentagon spent $44 billion on mercenaries in the two countries combined and in 2011 the U.S. spent $3 billion alone on a five-year deal for private protection for the U.S. embassy building in Baghdad. But, as the American military presence diminishes, much of the outsourced security work is transitioning to police work, with protection of oil company assets abroad also on the rise.

Outside of war zones, contractors have flocked to the perilous shipping routes off the Somali coast that are particularly high risk because of pirates. More than 140 private companies now patrol those waters. The ongoing shift towards private forces poses huge regulatory issues, particularly the registering and licensing of private contractors and the absence of internationally binging legal codes, according to the report. The UN itself is a major employer of private security firms and the report warned "there is a risk that, without proper standards and oversight, the outsourcing of security functions by the United Nations to private companies could have a negative effect on the image and effectiveness of the United Nations in the field."

Dollars

Hollywood deployed to convince Americans to sign up for Obamacare

ObamaCare
© Occupy Corporatism

The California Endowment is providing $500k in grant monies to the Hollywood, Health and Society (HHS) program at the University of Southern California (USC) Norman Lear Center (NLC) to teach "TV writing staffs on the politically contentious law and to track health care plot-lines in existing shows."

Indeed, the "18-month grant will be used to inform television writers, producers, and others involved in television programming on Obamacare facts and implementation information in California and nationwide."

On prime-time television, plot lines will be written to encourage young Americans to enroll in the Affordable Care Act (Obamacare).

The HHS has been effective in the past of coercing Americans with directed plot lines in specific television shows to guide the audience into supporting a predisposed goal or belief system about a particular agenda.

Martin Kaplan, principal investigator for the HHS and director of the NLC said: "Our experience has shown that the public gets just as much, if not more, information about current events and important issues from their favorite television shows and characters as they do from the news media and online resources. This grant will allow us to ensure that industry practitioners have up-to-date, relevant facts on health care reform to integrate into their storylines and projects."

Phone interviews and "in-person briefings" with staff "from various television shows, produce online resources, organize subject-matter expert panels, air public service announcements, and track Obamacare-related depictions on primetime and Spanish-language television."