Puppet Masters
Quantitative easing (QE) is supposed to stimulate the economy by adding money to the money supply, increasing demand. But so far, it hasn't been working. Why not? Because as practiced for the last two decades, QE does not actually increase the circulating money supply. It merely cleans up the toxic balance sheets of banks. A real "helicopter drop" that puts money into the pockets of consumers and businesses has not yet been tried. Why not? Another good question . . . .

We don't even need to 'end the Fed' - it can be made to work for the people with a simple Act of Congress. But politicians won't stand up to the shadowy banksters, so maybe we need to 'end the Congress' first?
It seemed logical enough. If the money supply were insufficient for the needs of trade, the solution was to add money to it. Most of the circulating money supply consists of "bank credit" created by banks when they make loans. When old loans are paid off faster than new loans are taken out (as is happening today), the money supply shrinks. The purpose of QE is to reverse this contraction.
But if debt deflation is so easy to fix, then why have the Fed's massive attempts to pull this maneuver off failed to revive the economy? And why is Japan still suffering from deflation after 20 years of quantitative easing?
On a technical level, the answer has to do with where the money goes. The widespread belief that QE is flooding the economy with money is a myth. Virtually all of the money it creates simply sits in the reserve accounts of banks.
That is the technical answer, but the motive behind it may be something deeper . . . .

A scene from the 2003 film Terminator 3: Rise of the Machines. Scientists say killer robots are not science fiction.
A new global campaign to persuade nations to ban "killer robots" before they reach the production stage is to be launched in the UK by a group of academics, pressure groups and Nobel peace prize laureates.
Robot warfare and autonomous weapons, the next step from unmanned drones, are already being worked on by scientists and will be available within the decade, said Dr Noel Sharkey, a leading robotics and artificial intelligence expert and professor at Sheffield University. He believes that development of the weapons is taking place in an effectively unregulated environment, with little attention being paid to moral implications and international law.
The Stop the Killer Robots campaign will be launched in April at the House of Commons and includes many of the groups that successfully campaigned to have international action taken against cluster bombs and landmines. They hope to get a similar global treaty against autonomous weapons.
"These things are not science fiction; they are well into development," said Sharkey. "The research wing of the Pentagon in the US is working on the X47B [unmanned plane] which has supersonic twists and turns with a G-force that no human being could manage, a craft which would take autonomous armed combat anywhere in the planet.

Brasenose College student Eylon Aslan-Levy was told by George Galloway: 'I don't debate with Israelis.'
Students at Oxford University will this week vote on a controversial motion to boycott Israel, after a tumultuous week that has seen hate mail, accusations of racism and a furious exit from a debate by MP George Galloway .
The Oxford University Students' Union (OUSU) meets on Wednesday to decide finally on a motion backing the boycott of Israel, its companies and institutions. The motion, which would be tabled at the National Union of Students conference in Sheffield in April, calls on the student body to join the boycott, divestment and sanctions (BDS) movement, in protest at Israel's treatment of Palestinians and its hindrance of attempts to create a Palestinian state.
Both the proposer and the seconder of the motion have received threatening emails: the seconder has withdrawn his support and the proposer has requested that her name not be publicised.
Under the new legislation, smoking in restaurants, long-distance trains and housing block entrance halls will be illegal.
The government has made reducing smoking one of the cornerstones of its bid to improve public health.
Russia has one of the highest smoking rates in the world, with more than four in 10 Russians considered smokers.
Parliament passed the bill earlier in February, with only one deputy in the State Duma voting against the legislation.
The law "On protecting the health of citizens from the danger of passive smoking and the consequences of the use of tobacco" will come into force in stages, beginning on 1 June.
Mohamed al-Zawahiri, younger brother of Osama bin Laden's successor, Ayman, made a particularly intriguing statement in Cairo last month. Talking to that wonderful French institution Le Journal du Dimanche about Mali, he asked the paper to warn France "and to call on reasonable French people and wise men not to fall into the same trap as the Americans. France is held responsible for having occupied a Muslim country. She has declared war on Islam." No clearer warning could France have received. And sure enough, one day later, suicide bombers attacked occupied Gao, while, exactly 10 days later, France lost its second soldier in Mali, shot dead by rebels in a battle in the Ifoghas mountain range. That's where, according to the tired old rhetoric of President Hollande, there had been a battle with "terrorists" who were "holed up" in the area during an operation which was "in its last phase". The phraseology is as wearying - you could listen to the same old wording in almost every US pronouncement during the Iraqi war - as is the West's incomprehension of the new al-Qa'ida.
Only Baroness Orczy's Scarlet Pimpernel could match this. "They seek him here, they seek him there, those Frenchies seek him everywhere ..." But who, exactly? The leader of which particular groupuscule of al-Qa'ida-inspired gunmen in Mali? Indeed, our lords and masters seem to have not the slightest idea who they are talking about. A few weeks ago, when many of us didn't even known the name of the Malian capital - admit it, O readers - we were all under the impression that al-Qa'ida's resurgence was in Iraq, where it's back to almost daily suicide bombing against Shias.
Does appreciating "the solidarity" shown by France mean killing hundreds of Malian people since the invasion? France has killed many civilians that includes children. The human rights organization Amnesty International has accused French forces of killing civilians since there was "evidence that at least five civilians, including three children, were killed in an airstrike." UNESCO's Félix Houphouët-Boigny Peace Prize is similar to the Nobel Peace Prize whose past winners were known for war crimes.
Is this a benign effort to protect property values and to conform to a certain standard, or is this a sign of a larger conspiracy by mega-food companies to protect their market stronghold by exerting influence over local government?
Edible Landscaping
Growing plants that produce food in tandem with plants that support the ecosystem and attract native bugs and pollinating bees is an effective method of creating an edible landscape, and an important part of bringing about an equitable food system. Vegetables and flowers mixed together in geometrically-positioned raised beds, planters and containers, or in-ground lots can make for a very productive and attractive front yard garden.
I was reminded of my visit with von dem Bussche, whom I was interviewing for The Dallas Morning News, by the 70th anniversary of the execution of five Munich University students and their philosophy professor who were members of the White Rose resistance movement in Nazi Germany. The BBC last week interviewed the 99-year-old Liselotte Furst-Ramdohr, who hid leaflets for the group in her closet and helped make stencils used to paint slogans on walls. [Click here to hear the interview or click here to see the BBC's article based on the interview.] The six White Rose members managed to distribute thousands of anti-Nazi leaflets before they were arrested by the Gestapo and guillotined. The text of their sixth and final set of leaflets was smuggled out of Germany by the resistance leader Helmuth James Graf von Moltke, who was arrested in 1944 and hanged by the Nazis in January 1945. Copies of the leaflets' language were dropped over Germany by Allied planes in July 1943. Furst-Ramdohr, who was widowed during the war when her first husband was killed on the Russian front, also was arrested by the Gestapo. She was imprisoned but eventually released.
Comment: Big-Food Conspiracy?!
Anna Hunt asks: "Is growing a vegetable garden in your front yard really such a horrible act that we must punish people for doing so? It seems like a ridiculous question, but there are, agencies, enforcement officers and authorities that are willing to do just that."
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Landlord Charged for Front Yard Garden - Tenant & Neighbors Fight Back