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Something bad this way comes...

Bad Feeling
© The Strangest Brew
The elections/farce is just over a month away. There has never been an election so important while at the same time so pointless.

The war drums against Iran are beating louder than ever even though US and Israeli intelligence agencies say there is no evidence of weaponized enrichment.

The TSA is stepping things up with the testing of liquids purchased after security and "cowwing" travelers into freezing/heeling on barked decree. All this while they root through and steal our belongings.

The DHS, SSA and other agencies are buying hollow point ammo at an alarming rate.

The police are more militarized than ever before. They are trained and operate as if they are an occupying force in a foreign land filled with violent "radicals." In the coming years the plan is to have up to 30,000 drones in the air.

And the Federal Reserve has literally implemented QE ad infinitum.

Soon, someone is going to do something stupid...

It's just a feeling.


Attention

Legal tender... Except when it's not

Toll Sign
© EricPetersAuto
It still says, "legal tender for all debts, public and private" - but it's becoming clear the powers-that-be would much prefer you used something else. Besides cash money, that is.

Increasingly, they are insisting.

A few weeks ago, for example, the 11th U.S. Circuit Court of Appeals ruled that a motorist on a toll road who tries to pay the toll with cash may be physically detained - and forced to submit to an an interrogation. (PDF of the ruling is available here.)

Last year, Florida residents Joel, Deborah and Robert Chandler were driving on the Florida Turnpike - hilariously named The Less Stressway - when they came upon a toll both, operated by private contractor Faneuil, Inc. for the state of Florida.

They attempted to pay the toll with legal tender - cash. A $50 bill. Faneuil, Inc. really wants people to use "SunPass" electronic transponders and has eliminated cash toll lanes on a section of the Parkway between the Exit 1 and Exit 47 interchanges in Miami-Dade County.

This happened to be the stretch of road on which the Chandlers were driving that day. They did not have the electronic "Sun Pass" transponder - perhaps because, like many motorists, they don't like the idea of a government-issued (or corporate issued) electronic transmitter in their vehicle - which can track their vehicle. The transponders make it easy to monitor where a car goes, when it goes - and how quickly it goes. Reasonably, many people - including the Chandlers - prefer not to be so monitored.

So, they tried to pay the toll with cash.
Car Transponder
© EricPetersAuto
This was refused - and then they were physically detained by not being allowed to proceed through the toll. Since it is illegal to back up on a highway, they had no choice but to sit there until the toll operator - now, for all practical purposes their jailer - raised the gate and allowed them to proceed.

Which he would not do until the Chandlers "complied" with the toll collector's demand that a Bill Detection Report be filled out. This report included information about their vehicle as well as the Chandler's driver's license info, which they were compelled to provide.

Dollar

Warnings that a massive stock market crash is imminent

Crash
© The Economic Collpase Blog
In the financial world, the month of October is synonymous with stock market crashes. So will a massive stock market crash happen this year? You never know. The truth is that our financial system is even more vulnerable than it was back in 2008, and financial experts such as Doug Short, Peter Schiff, Robert Wiedemer and Harry Dent are all warning that the next crash is rapidly approaching.

We are living in the greatest debt bubble in the history of the world and Wall Street has been transformed into a giant casino that is based on a massive web of debt, risk and leverage. When that web breaks we are going to see a stock market crash that is going to make 2008 look like a Sunday picnic.

Yes, the Federal Reserve has tried to prevent any problems from erupting in the financial markets by initiating another round of quantitative easing, but 40 billion dollars a month will not be nearly enough to stop the massive collapse that is coming. This will be explained in detail toward the end of the article. Hopefully we will get through October (and the rest of this year) without seeing a stock market collapse, but without a doubt one is coming at some point. Those on the wrong end of the coming crash are going to be absolutely wiped out.

A lot of people focus on the month of October because of the history of stock market crashes in this month. This history was detailed in a recent USA Today article....
When it comes to wealth suddenly disappearing, October can be diabolically frightful. The stock market crash of 1929 that led to the Great Depression occurred in October. So did the 22.6% plunge suffered by the Dow Jones industrial average in 1987 on "Black Monday."

The scariest 19-day span during the 2008 financial crisis also went down in October, when the Dow plunged 2,675 points after investors fearing a financial collapse went on a panic-driven stock-selling spree that resulted in five of the 10 biggest daily point drops in the iconic Dow's 123-year history.
So what will we see this year?

Only time will tell.

If a stock market crash does not happen this month or by the end of this year, that does not mean that the experts that are predicting a stock market crash are wrong.

It just means that they were early.

As I have said so many times, there are thousands upon thousands of moving parts in the global financial system. So that makes it nearly impossible to predict the timing of events with perfect precision. Financial conditions are constantly shifting and changing.

But without a doubt another major financial collapse similar to what happened back in 2008 (or even worse) is on the way. Let's take a look at some of the financial experts that are predicting really bad things for our financial markets in the months ahead....

Doug Short

According to Doug Short, the vice president of research at Advisor Perspectives, the stock market is somewhere between 33% and 51% overvalued at this point. In a recent article he offered the following evidence to support his position....
● The Crestmont Research P/E Ratio (more)

● The cyclical P/E ratio using the trailing 10-year earnings as the divisor (more)

● The Q Ratio, which is the total price of the market divided by its replacement cost (more)

● The relationship of the S&P Composite price to a regression trendline (more)

Chess

US court orders Iran, others to pay $6 billion for 9/11

New York - A US judge formally ordered Iran, Al-Qaeda and several other defendants Wednesday to pay $6 billion compensation to the victims of September 11, 2001, in a largely symbolic ruling.

Although Iran denies any connection to 9/11, it was included in the list of alleged culprits by the US District Court in New York, along with the Lebanese militant group Hezbollah, Afghanistan's Taliban guerrillas and Al-Qaeda, which took credit for the massive terror attack.

Iran's supreme leader Ayatollah Ali Khamenei is also named.

However, the money, awarded for economic, personal and punitive damages for a total of $6,048,513,805, is unlikely to be recovered.

MIB

FBI using social media to look for Massachusetts terrorism suspect


On the FBI website, you'll find a recording of accused terrorist Ahmad Abousamra. Investigators hope someone will hear his voice, recognize him and turn him in.

"It's often easy for individuals to change their appearance through clothes, makeup, facial hair -- it's not often easy for them to disguise their voice," said Special Agent in charge of the investigation Richard DeLauriers.

Though they won't comment on the timing, Wednesday, the FBI launched a social media campaign and put up a reward of $50,000 for information leading to the arrest of Abousamra.

The 31-year-old computer programmer and UMass Boston graduate was indicted a few years ago on nine terrorism-related charges, including trying to train to kill US service members overseas and conspiring to provide material support to Al-Qaida.

"Detecting, preventing and deterring a terrorist attack here inside the United States is the FBI's top investigative priority," said DeLauriers in a conference room in the FBI's Boston office.

Abousamra has dual citizenship in the US and Syria; investigators think he fled to Syria with his wife and young daughter in 2006 after being questioned by the FBI about trips he took to Pakistan and Yemen.

Dollar

San Diego anti-terror center spent $100,000 on tiny cameras, big TVs

California, Sacramento - A U.S. Senate report has found massive spending leading to few results from a national anti-terror program, including questionable purchases at one of the so-called "fusion centers" based in San Diego.

That center is one of four regional information-sharing centers created in California after the 2001 terrorist attacks.

The report released Wednesday questioned the San Diego fusion center's $25,000 purchase of tiny cameras hidden in shirt buttons, hats and water bottles, as well as $75,000 on 55 flat-screen televisions that officials used to watch the news.

A former director of the center lost his job over the TV purchases.

Kelly Huston, a spokesman for the California Emergency Management Agency, defended the fusion centers but says officials intend to learn from the report. The agency has oversight of the centers.

Source: The Associated Press

War Whore

Turkey at war with Syria: NATO member fires on Syrian targets

Image
© Reuters Oct. 3, 2012: Smoke rises over the streets after an mortar bomb landed from Syria in the border village of Akcakale, southeastern Sanliurfa province.
Istanbul - Turkish artillery fired on Syrian targets Wednesday after shelling from Syria struck a border village in Turkey, killing five civilians, sharply escalating tensions between the two neighbors and prompting NATO to convene an emergency meeting.

"Our armed forces at the border region responded to this atrocious attack with artillery fire on points in Syria that were detected with radar, in line with the rules of engagement," the Turkish government said in a statement from the prime minister's office.

The artillery fire capped a day that began with four bombs tearing through a government-held district in Syria's commercial and cultural capital of Aleppo, killing more than 30 people and reducing buildings to rubble.

Along the volatile border, a shell fired from inside Syria landed on a home in the Turkish village of Akcakale, killing a woman, her three daughters and another woman, and wounding at least 10 others, according to Turkish media.

The shelling appeared to come from forces loyal to Syrian President Bashar Assad's regime, which is fighting rebels backed by Turkey in an escalating civil war.

Comment: For a better idea of what is really going on in Syria please read:
Sott Focus: Syria's Bloody CIA Revolution - A Distraction? by Joe Quinn
Sott Focus: One Man's Suicide Bomber - National Security Building Bomb in Damascus and Bourgas Bus Bomb by Joe Quinn
Sott Focus: Reign of Fire: Meteorites, Wildfires, Planetary Chaos and the Sixth Extinction by Joe Quinn and Niall Bradley

For additional information read:
German intelligence working to bring 'al Qaeda' barbarians to power in Syria
Mossad, Blackwater, CIA Led Operations in Homs
Wikileaks: US-led NATO Troops Operate Inside Syria

Meanwhile, back in Istanbul...

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Istanbul last night, where tens of thousands protested their government's war against Syria



Evil Rays

TSA to implement body scanners that instantly know everything about your body

TSA Scanner
© NaturalSociety

If you thought the x-ray scanners at the airport were bad, wait until you find out that TSA employees will soon know what you had for breakfast and how pumped you are to sit on a plane for twelve hours.

Unfortunately, you won't know what they know, because Homeland Security's new toy is capable of detecting every molecule on your person from over 164 feet (50 meters) away - without your permission.

CIA-Backed Company Develops New Scanners
"Within the next year or two, the U.S. Department of Homeland Security will instantly know everything about your body, clothes, and luggage with a new laser-based molecular scanner fired from 164 feet (50 meters) away. From traces of drugs or gun powder on your clothes to what you had for breakfast to the adrenaline level in your body - agents will be able to get any information they want without even touching you," reports Gizmodo.
The scanner was developed by Genia Photonics before being subcontracted by In-Q-Tel, a company founded in 1999 "by a group of private citizens at the request of the Director of the CIA and the support of the U.S. Congress." Although the technology is not new, In-Q-Tel made it exponentially faster and more convenient to use - which has its own implications.

Dollar

Democrats, Republicans plot post-election assault on Medicare, Social Security

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Discussions are underway in the US Senate to forge a plan for sweeping cuts to social programs in the aftermath of the November 6 election. The New York Times reported Tuesday on moves by a bipartisan group of senators to come to an agreement so as to avert automatic spending cuts mandated in last year's deal to raise the debt ceiling. That agreement was signed by President Obama on August 2, 2011.

Under the debt ceiling deal, Congress' failure in 2011 to produce a deficit reduction bill with at least $1.2 trillion in cuts triggered some $1 trillion in across-the-board spending cuts or "sequestrations" - including to social programs such as Medicare and to the Defense Department - to begin in January 2013 and extend over 10 years.

These automatic cuts would coincide with the expiration in the new year of the Bush-era tax cuts as well as payroll tax reductions and federally funded extended unemployment benefits. The Obama White House and congressional Republicans agreed in December 2010 to extend the Bush tax cuts, including for the richest Americans, until the end of this year, while reducing the payroll tax and extending jobless benefits for the same period.

The combination of these expirations and the mandated deficit reduction measures has been called a "fiscal cliff" that threatens to plunge the economy into a deeper slump.

Comment: Medicare, Medicaid, Social Security and lots of other stuff could be easily afforded by cutting the military budget in half. But for some reason, no one seriously proposes that, even though, if cut in half, the U.S. military would still be the strongest by far in the world. The U.S. can't afford its global empire, but it's those who benefit from the global empire and the military spending that are calling the shots. These pathocrats don't care if the U.S. becomes a Third World kleptocracy where the vast majority are impoverished.


Arrow Down

The euro crisis and the lessons of the Weimar Republic

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Weimar inflation
In the final years of the German Weimar Republic, between 1930 and 1932, the austerity program implemented by the Brüning government in response to the flight of capital and the world economic crisis precipitated the catastrophe that followed: mass unemployment, Nazism and war. For years, this has been regarded as evident and was taught in schools. However, the present developments in Europe show that the ruling class is not capable of learning from history.

In recent days, the Greek and Spanish governments have agreed to austerity measures that far exceed the emergency measures implemented by the Brüning government.

Even though Greece has been in recession for six years, the Greek government has agreed a further round of austerity amounting to €11.5 billion. According to the government's own calculations, economic output will sink by 25 percent compared to 2008 - a staggering decline. Most of the cuts are being made in pensions, health and social expenditure, impacting the poorest layers of the population.

Last week, the Spanish cabinet cut the budget for 2013 by an additional €40 billion. The five austerity packages passed by the Rajoy government in the last year now add up to €127 billion. This equates to a quarter of the annual national budget.