Puppet MastersS

Attention

Prepare for Lehmans re-run, Bank official warns

Banks and traders must prepare for a devastating market seizure as governments grapple with the escalating economic crisis in Europe, a Bank of England policymaker has warned.
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© PA
The Bank has prepared emergency liquidity arrangements to prevent a re-run of the last credit crunch.

Cheap and ready access to the liquid assets that oil the financial markets are under threat from both state-imposed capital controls and flagging confidence in the euro, Robert Jenkins, a member of the Bank's Financial Policy Committee, told the Global Alternative Investment Management conference in Monaco.

Without easy access to liquidity, markets could seize in a re-run of the credit crunch after the collapse of Lehman Brothers, he warned.

"Those of you who traded asset backed securities in 2008 can testify to the speed with which liquidity can disappear," he said. "Yet despite these examples, many continue to assume that ... 'liquidity' is free and will be freely available.

"Short-selling bans in Europe and bond purchase penalties in Brazil are a foretaste of the future. I recommend that you send your best and your brightest to the library to research state intervention in the post war period. It could come in handy. For like clean air and water, market liquidity is no longer limitless and no longer free."

Arrow Down

Why Doesn't The Stock Market Reflect The Imminent Global Depression?

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© WikiMedia Commons
We seem to be heading towards an economic downturn equivalent to the Great Depression of the 1930s.

This isn't a secret. The synthesis below is derived from: Lawrence Summers, Nouriel Roubini, Simon Johnson, Niall Ferguson, and Paul Krugman to name just a few. This crisis is not happening quickly.

It's more of a slow-motion train wreck - Greece's crisis started in 2009. But that leaves a puzzle - why is the American stock market not reacting to obvious warning signs?

Greece and Spain already have unemployment rates exceeding 20 percent. If that isn't a depression, what is?

Greece is in very deep trouble. Spain (the Euro's fourth largest economy) just needed a $125 billion bank bailout. The weaker economies (Portugal, Ireland, Italy, Greece, Spain) face severe credit crunches as local banks lose deposits (withdrawn because of credit concerns and fear of forced devaluations following a Euro exit).

Bomb

3 US troops, at least 18 Afghans, killed in suicide blast

Three U.S. service members, their Afghan interpreter and 17 Afghan civilians were killed by an apparent suicide bomber on a motorbike in the eastern Afghan city of Khost Wednesday, officials said.

The United States Embassy in Afghanistan issued a statement saying it "strongly condemns this cowardly attack," which is the second on foreign forces in the troubled province this month.

A U.S. official, speaking anonymously to The Associated Press, said the foreign troops killed were Americans.

However, a spokesman for the NATO-led International Security Assistance Force (ISAF), said the nationality of the troops would not immediately be confirmed.

A local official told NBC News that women and children were among the civilian casualties in the attack, aimed at an American-Afghan military convoy passing through the town.

The official said the death toll was likely to rise, and that 32 Afghans suffered injuries.

Attention

Chamber of Secrets: House of Lords Exposed

House of Psychopaths
© The Bureau of Investigative JournalismBowing to protocol. The Bureau investigates apparent breaches of House of Lords rules.
Senior members of the House of Lords, including a former Tory President of the European Parliament, are failing to disclose significant outside interests to public scrutiny, an investigation by the Bureau and The Independent reveals.

In our investigation into apparent breaches of House of Lords rules by peers it has emerged that the Conservative peer Lord Plumb was involved with a Brussels based lobbying company while sitting on a Lords' select committee that scrutinises draft EU law.

Lord Plumb, who spent 12 years as an MEP, is described as a 'team member' of Alber & Geiger which describes itself as a 'political lobbying powerhouse'. His relationship with the firm is not declared on the House of Lords register of interests.

Other peers, including the hereditary peer Lord St John of Bletso also appear to have outside interests which are not declared in the register.

The Labour party wrote to the House of Lords Commissioner for Standards to ask him to investigate the Conservative Party Treasurer Lord Fink after revelations by the Bureau published in The Independent yesterday.

Bizarro Earth

Gas drillers hit aquifer; geysers erupt

Morgantown, West Virginia -- Authorities say a gas drilling operation in the Sardis area hit an aquifer and inadvertently repressurized a handful of old water wells Wednesday, creating a backyard geyser at least 10 feet high and several smaller gushers.

The house with the 10- to 12-foot geyser was flooded, said Paul Bump, chief of the Harrison County Bureau of Emergency Services. At three or four other homes, the water flooded yards and garages.

"It looked like Old Faithful moved out East," said Dale Sturm, a 63-year-old retired carpenter who noticed his patio was wet shortly before 7 a.m.

MIB

Mysterious Air Force space plane lands after 15 months in orbit

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© Associated PressImage from video made available by the Vandenberg Air Force Base shows the X-37B unmanned spacecraft landing at Vandenberg Air Force Base. The spacecraft, which was launched from Cape Canaveral Air Force Station in Florida in March 2011, conducted in-orbit experiments during the 15-month clandestine mission, officials said.
An unmanned space plane built by Boeing, the second of its kind, returns to Earth after 463 days in orbit for a clandestine mission.


An unmanned Air Force space plane steered itself to a landing early Saturday at a California military base, capping a 15-month clandestine mission.

The spacecraft, which was launched from Cape Canaveral Air Force Station in Florida in March 2011, conducted in-orbit experiments during the mission, officials said. It was the second such autonomous landing at the Vandenberg Air Force Base, 130 miles northwest of Los Angeles. In 2010, an identical unmanned spacecraft returned to Earth after seven months and 91 million miles in orbit.

The latest homecoming was set in motion when the stubby-winged robotic X-37B fired its engine to slip out of orbit, then pierced through the atmosphere and glided down the runway like an airplane.

Image from video made available by the Vandenberg Air Force Base shows the X-37B unmanned spacecraft landing at Vandenberg Air Force Base. The spacecraft, which was launched from Cape Canaveral Air Force Station in Florida in March 2011, conducted in-orbit experiments during the 15-month clandestine mission, officials said.

Question

Russia's denial of military drill story: was it all psy-ops?

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War games for media show?
So Russia appears to have denied reports which appeared in Fars News today, about a joint military exercise with China, Iran and Syria. Voice of Russia, the Russian government's international radio broadcasting service, reported today:
"Russia has denied reports in media that it allegedly planned joint military exercises with China and Iran on Syrian territory.

'This is absurd', Mr. Igor Dygalo, aide to Russia's Navy commander said.

Earlier this week the Dubai-based Al Arabiya TV channel reported that Russia, China and Iran were planning joint exercises, the largest in the Middle East, comprising some 90,000 ground, naval and air forces, as well as 400 aircrafts, 1,000 tanks and Russian submarines, destroyers and an aircraft carrier.

The report said that Egypt had allowed 12 Chinese navy ships to go through the Suez Canal to arrive in Syria.

This false report also claimed that Syria was going to test its anti-ship missiles and air defense system."
Syria has also denied the reports: "This information is out of synch with reality," said Buseina Shaaban, political advisor to the Syrian president".

But it's no coincidence that this denial comes on the heels of another denial about yet another report which first appeared last week in the non-governmental Russian news agency, Interfax. As reported by the Guardian:

Comment: Indeed, with the US backtracking on claims that Russia is arming Syria, it seems clear that psy-ops is in play here. It seems that the PTB are trying to foment a 'Cold War' stand-off with suggestions that Russia and China are preparing to 'meet the US Empire in battle', so to speak. But to date Russia and China have shown no real interest in confronting the US and the West, at least not on their terms of engagement. So what is really going on here?


Chess

Monsanto Buys Leading Bee Research Firm After Being Implicated in Bee Colony Collapse

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© foodfreedom.wordpress.com
Amid all the controversy over genetically-modified (GM) crops and their pesticides and herbicides decimating bee populations all around the world, biotechnology behemoth Monsanto has decided to buy out one of the major international firms devoted to studying and protecting bees. According to a company announcement, Beeologics handed over the reins to Monsanto back on September 28, 2011, which means the gene-manipulating giant will now be able to control the flow of information and products coming from Beeologics for colony collapse disorder (CCD).

Since 2007, Beeologics has been studying CCD, as well as Israeli Acute Paralysis Virus (IAPV), for the purpose of coming up with intervention-based ways to mitigate these conditions. And based on the way the company describes both CCD and IAPV on its website, Beeologics has largely taken the approach that intervention, rather than prevention, is the key to solving the global bee crisis.

Comment: Read the following articles to understand WHY colony collapse in bee populations is a serious issue for the planet as a whole:

Colony Collapse: Do Massive Bee Die-Offs Mean an End to Our Food System as We Know it?
Silent Hives: Colony Collapse Disorder and Pesticides
Genetically Modified Crops Implicated in Honeybee Colony Collapse Disorder
A Last (Chemical) Gasp for Bees?
Harvard Study Links Pesticides to Colony Collapse Disorder in Bees


Attention

Expert Panel Reports False Accounts of U.S. Political and Military Leaders on 9/11

Massive National War Games on September 11th Raise Further Questions

New evidence shows that the September 11th activities of former President George W. Bush, Vice President Dick Cheney, and Defense Secretary Donald Rumsfeld were falsely reported by official sources.

The 20-member 9/11 Consensus Panel analyzed evidence from press reports, FOIA requests, and archived 9/11 Commission file documents to produce eight new studies, released today.

The international Panel also discovered that four massive aerial practice exercises traditionally held in October were in full operation on 9/11. The largest, Global Guardian, held annually by NORAD and the U.S. Strategic and Space Commands, had originally been scheduled for October 22-31 but was moved, along with Vigilant Guardian, to early September.

Although senior officials claimed no one could have predicted using hijacked planes as weapons, the military had been practicing similar exercises on 9/11 itself -- and for years before it.

The Panel, discovering widespread reports of confusion and delays in the defense response, looked into who was overseeing the air defenses after the second Tower was hit at 9:03 A.M.

Official sources claimed neither Bush, Cheney, Rumsfeld, Joint Chiefs of Staff Acting Chairman General Richard Myers (filling in for General Hugh Shelton), nor war-room chief General Montague Winfield were available to take command until well after the Pentagon was struck about 9:37.

Yet emerging documents and memoirs show that top leaders were engaged earlier -- and later discussed a shootdown of the "let's roll" Flight 93 before debris was scattered widely around its alleged Shanksville, Pennsylvania crash site.

Blackbox

Iran, Russia, China, Syria to Stage Biggest Joint Wargames in Middle-East

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© Unknown

The Iranian, Russian, Chinese and Syrian armies are due to stage joint amphibious exercises along the Syrian costs in coming weeks, informed sources revealed on Monday.

According to informed sources, 90,000 forces from the four countries will take part in the land and sea wargames due to be held in Syria. Ground, air and sea forces as well as air defense and missile units of the four countries will take part in the exercises.

Sources also said that Egypt has acceded to grant passage to 12 Chinese warships to sail through the Suez Canal, adding that the military convoy is due to dock at the Syrian harbors in the next two weeks. Russian atomic submarines and warships, aircraft carriers and mine-clearing destroyers as well as Iranian battleships and submarines will also arrive in Syria at around the same date.

Syria plans to test its coast-to-sea and air defense missiles in the wargames. A sum of 400 warplanes and 1,000 tanks will also be used in the exercises. A Syrian official, who asked to remain anonymous, had informed two weeks ago that the drills would be conducted in Syria soon.

Comment: Update: Russia's denial of military drill story: was it all psy-ops?