Hidden taxes are everywhere to pay for God knows what….

“Franklin Lakes, New Jersey (My9NJ) –

The Affordable Care Act or Obamacare seems to be in the headlines every day because of all of the problems surrounding the launch. And while most realize the law is funded in part by the individual mandate and penalty tax, it is also being funded in ways that are not discussed as much in the media.

Luxury real estate broker Ron Aioso says there is a tax that is rarely discussed that also helps fund Obamacare. It is a tax on high-income taxpayers when they sell their homes.

Franklin Lakes, N.J. was listed on Forbes.com in 2010 as one of “America’s Most Expensive ZIP Codes”, with a median home price of $1.3M.

Aioso says homeowners in a neighborhood like this could really be impacted by the Obamacare tax.

“Where we are today in a luxury area, you look and you see this home behind me, somebody like this is really affected,” he said.

If you are single with an adjusted gross income of $200,000 or file jointly with an income of $250,000 or more, you may be impacted. Once you sell your home, any profits over the first $500,000 are already subject to a capital gains tax. And now those profits will have an additional 3.8% tax to fund Obamacare…..”

Full article

Quantum physics proves that there IS an afterlife, claims scientist

• Robert Lanza claims the theory of biocentrism says death is an illusion
• He said life creates the universe, and not the other way round
• This means space and time don’t exist in the linear fashion we think it does
• He uses the famous double-split experiment to illustrate his point
  
• And if space and time aren’t linear, then death can’t exist in ‘any real sense’ either

Most scientists would probably say that the concept of an afterlife is either nonsense, or at the very least unprovable.

Yet one expert claims he has evidence to confirm an existence beyond the grave – and it lies in quantum physics.

Professor Robert Lanza claims the theory of biocentrism teaches that death as we know it is an illusion created by our consciousness.

Professor Robert Lanza claims the theory of biocentrism teaches death as we know it is an illusion. He believes our consciousness creates the universe, and not the other way round, and once we accept that space and time are ‘tools of our minds’, death can’t exist in ‘any real sense’ either

Professor Robert Lanza’s, pictured, theory is explained in his book Biocentrism: How Life and Consciousness are the Keys to Understanding the True Nature of the Universe

‘We think life is just the activity of carbon and an admixture of molecules – we live a while and then rot into the ground,’ said the scientist on his website.

Lanza, from Wake Forest University School of Medicine in North Carolina, continued that as humans we believe in death because ‘we’ve been taught we die’, or more specifically, our consciousness associates life with bodies and we know that bodies die….”

Full article

“On November 13, WikiLeaks released to the Internet what appears to be a portion of the secretly negotiated draft version of the Trans-Pacific Partnership (TPP) agreement.

Although the entire agreement reportedly runs over 1,000 pages and covers nearly every conceivable facet of commerce, the chapter leaked by the online whistleblower focuses on intellectual property rights (IPR). The publication of this section is widely considered a remarkable and timely coup, however, in light of the “decisive” meeting of the TPP chief negotiators that will take place from November 19-24 in Salt Lake City, Utah.

In a press release announcing its publication of this key section of the TPP agreement, WikiLeaks described the Intellectual Property provisions as “the most controversial chapter of the TPP.” This chapter deserves that designation because of its substantial effect on so many aspects of American trade and industry, including, as WikiLeaks points out, what would be irreparable harm to “medicines, publishers, internet services, civil liberties and biological patents.”

Other copyright and Internet freedom activists are responding in similar manner to the content of the WikiLeaks TPP revelation. A good number of commentators are pointing to the SOPA-like provisions contained in the IPR chapter now available to the public.

SOPA is an acronym for the controversial Stop Online Piracy Act, legislation that has failed repeatedly to pass in Congress. The name of the bill, like so many other inappropriately named federal follies (Affordable Care Act?), has nothing to do with the real intent: granting government control over the content and traffic on the Internet.

In an article reporting on the leak of the IPR chapter, Internet freedom and fair copyright advocate TorrentFreak points out the SOPA similarities in the TPP intellectual property chapter:

Burcu Kilic, an intellectual property lawyer with Public Citizen, says that some of the proposals in the text evoke memories of the controversial SOPA legislation in the United States.

“The WikiLeaks text also features Hollywood and recording industry inspired proposals — think about the SOPA debacle — to limit Internet freedom and access to educational materials, to force Internet providers to act as copyright enforcers and to cut off people’s Internet access,” Kilic says.

Popular online tech magazine The Verge recognized the potential harm, as well:

Critics have wasted no time in attacking the treaty, with IP reform group Knowledge Ecology International calling it “bad for access to knowledge, bad for access to medicine, and profoundly bad for innovation.” Many of the criticisms focus on the treaty’s “enforcement” section, which includes language that critics say mirrors similar provisions from America’s controversial SOPA and ACTA bills. That includes provisions that would extend copyright to temporary copies of media, and others that place the burden of enforcement specifically on local ISPs, which critics say would further establish ISPs as a de facto copyright police. Other provisions would increase the software controls on consumer hardware. “The anti-circumvention provisions seem to cement the worst parts of the anti-phone-unlocking law that we saw this summer,” says Matt Wood, policy director at Free Press. “We can’t change the US law if we’re locked into these international agreements.”

The piece by The Verge references another failed legislative effort to seize control of the Internet, a bill that would abolish Internet freedom and intellectual property rights: the Anti-Counterfeiting Trade Agreement (ACTA). ACTA-like provisions appear in the leaked TPP chapter.

This section of the draft agreement launches another attack on U.S. sovereignty through the mandate that member nations enact regulations requiring Internet Service Providers (ISPs) to privately enforce copyright protection laws.

These private companies — many of which are very small — would be forced to take upon themselves the responsibility of patrolling for and punishing any violation of the copyright laws by their subscribers.

Current U.S. law — specifically the Digital Millennium Copyright Act (DMCA) — would be supplanted by TPP Article 16.3. This provision in the TPP draft document paves the way for a new copyright enforcement scheme that extends far beyond the limits currently imposed by DMCA. In fact, it contains mandates more expansive than even those contained in ACTA.

ACTA is widely regarded as a threat to Internet freedom, as well as to the legislative power of the Congress. If ACTA is a threat, then TPP is an all-out frontal assault.

Regardless of the flaws of the DMCA, it is U.S. law and should not be subject to de facto repeal by the work of a body of internationalists who are not accountable to citizens of the United States.

Apart from the issues of sovereignty, putting such pressure on service providers is a threat not only to the owners of these small businesses, but also to Internet freedom as well.

It is the good work of these ISPs that has created the Internet we know today. Were it not for the typically low-cost access these companies provide, the pool of readily accessible viewpoints, opinions, and news resources would be significantly shallower.

In a post-TPP world, ISPs would be forced to raise prices dramatically in order to cover the increase in their own overhead brought on by the requirement that they monitor and manage the websites they host.

Alternatively, there would undoubtedly be a large number of ISPs who would not only want to avoid the administrative burden of being forced into the role of Internet cop, but who would also rightly regard the risks of providing Internet access as outweighing the benefits.

A story published by the Electronic Frontier Foundation accurately describes the potential problems and predicts the future of the Internet should the United States agree to enter the TPP:

Private ISP enforcement of copyright poses a serious threat to free speech on the Internet, because it makes offering open platforms for user-generated content economically untenable. For example, on an ad-supported site, the costs of reviewing each post will generally exceed the pennies of revenue one might get from ads. Even obvious fair uses could become too risky to host, leading to an Internet with only cautious and conservative content.

As any news organization that maintains a Web presence knows, in the posting of news items, time is of the essence….”

Full article

“Janet Yellen says the economy has regained ground lost to the deepest recession since the 1930s. But she says unemployment remains too high at 7.3 percent and notes that the Fed is still trying to accelerate the economy’s recovery.

In testimony prepared for her confirmation hearing Thursday, Yellen said the economy is still performing far below its potential. And she pointed out that inflation is running below the Fed’s 2 percent target.

“For these reasons, the Federal Reserve is using its monetary policy tools to promote a more robust recovery,” Yellen said in her testimony. “I believe that supporting the recovery today is the surest path to returning to a more normal approach to monetary policy.”

She said unemployment is “still too high, reflecting a labor market and economy performing far short of their potential.”

Yellen offered no hints that she would deviate from the low-interest rate campaign of the outgoing chairman, Ben Bernake….”

Full article

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“President Obama has been accused of crimes against humanity in a new complaint submitted to the International Criminal Court, based in the Hague.

Obama’s support for Egypt’s recently deposed Muslim Brotherhood-affiliated governing party forms the basis of the complaint filed against him by a group of Egyptian lawyers.

“Obama cooperated, incited, and assisted the armed elements of the Muslim Brotherhood in the commission of crimes against humanity in the period from 3/7/2013-8/18/2013, in the Arab Republic of Egypt,” according to the complaint, which was reported on by Egypt’s El Watan newspaper.

Deposed Muslim Brotherhood leader Mohamed Morsi is on trial in Cairo for alleged incitement to violence and murder. After a tense opening day in court this past Monday, the trial has been adjourned until January. Morsi was removed in a July 3 military coup.

To his credit, Morsi has pulled the classic move of not retaining defense counsel because he doesn’t recognize the legitimacy of the court — which is totally what we would do if we ever got tried in one of these things….”

Full article

“As the end of 2013 approaches, so does President Obama’s deadline for approving the Trans-Pacific Partnership (TPP).

The TPP is a direct and deadly attack on sovereignty and representative government masquerading as a Pacific Rim trade pact.

Currently, there are 12 countries negotiating in secret to create this regional trade agreement that some have called NAFTA on steroids. The number of participants could rise to a baker’s dozen should China be welcomed on board by the United States (President Obama has signaled that he would recognize the Chinese communist government’s partnership in the bloc).

President Obama’s fascination with intertwining the economic welfare of the United States with China is perhaps one reason a recent commentator called the TPP “another disaster from a proven liar.”

Writing in an op-ed for the Washington Times, Judson Phillips lists several of the principal criticisms of the TPP:

Barack Obama is asking for fast track authority for the Trans Pacific Partnership. Consider that to be another version of “you have to pass this to see what is in it.” With fast track authority, there will be no hearings on this treaty. It will be negotiated then sent to the Senate for a simple up or down vote. The Senate will not be able to provide advice and consent because they cannot offer amendments under fast track.

Less than one fifth of the Trans Pacific Partnership deals with trade. The remainder of the treaty governs a myriad of things, including regulating the price of medicines. A few months ago, a mix of conservative and liberal groups stopped the “Stop Online Piracy Act” or SOPA. Most of the provisions of SOPA are included in the Trans Pacific Partnership.

Under the proposals of the TPP, American sovereignty would be eroded. American courts would be inferior to foreign trade courts and disputes between American citizens and foreign corporations would not be litigated in American courts but in these trade tribunals.

The TPP is guilty of each of those charges, and the evidence is overwhelming.

Perhaps the most disturbing aspect of all the roster of frightening things about the TPP is the secrecy surrounding the details of the agreement.

A few federal lawmakers have tried in vain to bring into the light the frightening compromises being made by our trade representatives at the TPP negotiations.

Zach Carter of the online Huffington Post reported that Senator Ron Wyden (D-Ore.), the chairman of the Senate Finance Committee’s Subcommittee on International Trade, Customs and Global Competitiveness, was stonewalled by the Office of the U.S. Trade Representative (USTR) when he attempted to see any of the draft documents related to the governance of the TPP.

In response to this rebuff, Wyden proposed a measure in the Senate that would force transparency on the process, and that was enough to convince the USTR to grant the senator a peek at the documents, though his staff was not permitted to peruse them.

Wyden spokeswoman Jennifer Hoelzer told the Huffington Post that such accommodations were “better than nothing” but not ideal in light of the well-known fact that on Capitol Hill the real work of drafting and evaluating legislation is performed by the representatives’ staff members who are often experts in particular areas of domestic and foreign policy.

“I would point out how insulting it is for them to argue that members of Congress are to personally go over to USTR to view the trade documents,” Hoelzer said. “An advisor at Halliburton or the MPAA is given a password that allows him or her to go on the USTR website and view the TPP agreement anytime he or she wants.”

It is instructive that a duly elected senator of the United States has to beg and plead and threaten legislation in order to see the TPP trade agreement negotiations, but corporate interests are given a password by the USTR that grants them full, unrestricted access to those same documents.

U.S. Senator Sherrod Brown (D-Ohio) issued a statement criticizing the Obama administration for the lack of oversight into an agreement with devastating potential:

After more than a decade of broken promises from NAFTA, CAFTA, and normalized trade relations with China, we can now add a credibility deficit to the trade deficits we’ve seen. The leaked documents surfacing today only underscore the secrecy surrounding TPP negotiations and confirm worst suspicions about the direction trade negotiations are heading. It’s telling that it is easier for the CEO of a major corporation to access information about the negotiations than the American people’s elected representatives.

The negotiations must involve more transparency and bring more voices to the table.

Apart from the secrecy, a few drafts of key provisions of the TPP have been leaked to the Internet. One thing all the leaks reveal is that large corporations would be allowed to assume powers that constitutionally belong to Congress and to the states.

Notably, in both statements announcing the hemispheric enlargement of the trade bloc, former U.S. Trade Representative Kirk places the approval of “domestic stakeholders” (read: large corporations) on a level with that of Congress. It is precisely this exalting of big business, as well as the as-yet-impenetrable wall of secrecy surrounding the drafting of the TPP treaty, that has troubled many of the people’s representatives in Congress.

Although the treaty negotiations are being kept under a thick veil of secrecy, a draft document leaked to the Internet discloses that as part of its membership in the TPP, the United States would agree to exempt foreign corporations from our laws and regulations, placing the resolution of any disputes as to the applicability of those matters to foreign business in the hands of an international arbitration tribunal overseen by the secretary-general of the United Nations.

The leaked information also confirms the fears of many who from the beginning have opposed the entry of the United States into this trade agreement. The alarms sounded by several groups on the Left and the Right warning of the wholesale damage that the TPP could cause to commerce, copyrights, and the Constitution now seem vindicated.

An organization actively protecting the sovereignty of the United States is Americans for Limited Government (ALG). In June 2012, ALG released a statement drawing attention to critical provisions of the leaked TPP agreement, as well as ably pointing out some of the most noxious aspects of the proposed agreement…”

Full article

DUH!

“Andrew Huszar, who managed the beginning of the Federal Reserve’s bond-buying program in 2009 and 2010, has two things to say.

First, “I’m sorry, America,” he writes in The Wall Street Journal.

Second, the program is a failure.

“The central bank continues to spin QE [quantitative easing] as a tool for helping Main Street,” says Huszar, now a senior fellow at Rutgers Business School. “But I’ve come to recognize the program for what it really is: the greatest backdoor Wall Street bailout of all time.”

QE has turned into the largest financial market intervention by any central bank in history, he says. And all the Fed has to show for this is a modest addition to economic growth.

“QE isn’t really working, unless you’re Wall Street,” he adds. Thanks to government subsidies, banks have seen their share prices as a whole triple since March 2009.

“As for the rest of America, good luck,” Huszar quips…..”

Full article

This would eventually force a single payer system….no?

“During testimony this past week on Capitol Hill, Health and Human Services Secretary dropped a bombshell. Being grilled about Barack Obama’s lie regarding people being able to keep their insurance plans and doctors, Sebelius also said that with the grandfathering process comes certain caveats, which means that the existing plans would have to meet the new standards or they would be cancelled. She then went on to say, “Employer based grandfathered plans will have the same caveats.”

Barack Obama has tried to pull a fast one and snuck in a two letter word into his lie, “if.” “What we said was: You could keep it if it hasn’t changed since the law passed,” Obama said.
He immediately moved from that lie to another one, saying “The bottom line is we are making the insurance market better for everybody.”
obamacare_13509No, they are not. They are attempting to move to a single payer system and this fiasco is the stepping stone to that goal. Senate Majority Leader Harry Reid (D-NV) told us that.
Obama has been lying all along…”

Full article

“For years star investor Jim Rogers, chairman of Rogers Holdings, has been ripping the Federal Reserve and other central banks for their massive easing programs. He sees no reason to feel differently now.

“This is absolute insanity, what’s going on,” he told Reuters TV.

“It’s not just the Fed, it’s central banking. This is the first time in recorded history that all major central banks are printing a lot of money trying to debase their currencies. The world’s floating around on a huge artificial sea of liquidity.”

The European Central Bank cut its benchmark interest rate to a record low Thursday.

And what’s the end game?

Eventually, Rogers asserts, “it’s going to dry up. And when it dries up, we’re all going to pay the price for this madness.”

He doesn’t expect the Fed to taper its quantitative easing anytime soon. The central bank is buying $85 billion of Treasurys and mortgage-backed securities a month.

“Mr. Bernanke’s certainly not going to do it. He wants to get out while he can before it all falls apart,” Rogers said. Fed Chairman Ben Bernanke’s term ends Jan. 31. President Barack Obama has nominated Fed Vice Chair Janet Yellen to replace him.

“Mrs. Yellen undoubtedly will not do anything at first because she knows – I hope she knows – that this is going to cause problems when they stop producing so much money,” Rogers said.

“So I would suspect they will go home for a while—maybe [until] 2015.”

And what’s going to happen when the Fed finally shifts policy? “The markets are going to react and react pretty badly, and then they’ll probably loosen up again,” Rogers said.

“These are not very smart people. They’re government bureaucrats, and they think like government bureaucrats.”

So what should investors focus on next year?

“All you have to do is watch the central banks of the world, because if they’re all going to continue to print money, then a lot of it’s going to wind up in financial markets,” Rogers said. “That’s the most important thing that’s going on in the world right now.”

Rogers has been bullish on China for years and remains that way….”

Full article

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Full video & article

“Although the real significance of these assets is just the same as the value of the paper they are printed on, still the damage inflicted upon the masses, of which the fiat financial system serves as the control mechanism to the access of all the essentials for one’s survival, is immensely immeasurable.

Greed is never enough to describe the true cause and motivation by which such global torment was perpetrated. The power to extract worship by force is but a shallow understanding of the experience we all refer to as Life.

In the final analysis, those who are doing these senseless acts are not really that smart but suffer beyond idiocy could ever grasp.

Since America’s inception…  there has been a lingering notion that European Illuminati bankers seek to bring America to its knees and return it to the fold of the Crown of England, which centuries ago became the key political vassal for the Eight Families who own majority stock in every private central bank in the world- Rothschild, Rockefeller, Kuhn Loeb, Lehman, Goldman Sachs, Warburg, Lazard and Israel Moses Seif.

Many US Presidents warned of the intrigues of the cabal, including George Washington, Thomas Jefferson, John Adams, John Quincy Adams; and later Andrew Jackson, Abraham Lincoln and John F. Kennedy.  The latter two were assassinated for trying to nationalize the Federal Reserve via the issuance of Treasury Department-backed (publicly-issued) currency.

As cited in my Big Oil & Their Bankers… book and by others, the Eight Families own 52% of the New York Federal Reserve Bank, far and away the most powerful Fed Bank.  Their ownership is disguised under names like JP Morgan Chase, Citigroup, Goldman Sachs and Morgan Stanley.

Do I exaggerate when I claim that there are Eight Families?  Well, yes, actually these oligarchs have interbred to the point that they are now, for all practical purposes, one big family, with the Rothschilds being the most powerful.  Their net worth alone is estimated at well over $100 trillion. These people, whose latest justification for lording over us is that they are descended from Jesus Christ himself, are, for obvious reasons, counter-revolutionary.  In their collective if obtuse minds, there are no good revolutions.  Democracy is antithema.  Government is something that only gets in the way.  It must be discredited and bought.  The American Revolution really pissed these inbreds off.  In Canada, Australia and New Zealand, the Crown of England still holds sway via the Governor General.  Most European countries retained their monarchies.  In America, we had a revolution, democracy and government.

A medieval rollback of the American Revolution begins with the concept that “government is the root of all evil”.  This strain of thinking is promoted by theSaudi/Israeli-owned Fox News.  These nations are not “Islamic” and “Jewish”.  They are fronts for the Crown of England and the Rothschilds.  The well-paid corporate lackey leadership of the Republican Party pushes this anti-government agenda, while the idiocracy misnomer known as the Tea Party takes this monarchist argument to its fascist extreme.

Deutsche Bank: born of of the Third Reich, now influencing the European Super State plan

Key to this revolutionary rollback is that seminal event- 911- which was used by Windsor family country cousin George Bush Jr. to dismantle our Bill of Rights, bankrupt our nation and destroy our image throughout the world via two oil-grab, narco-stimulant, contractor-friendly wars.  In the weeks before 911 the financial weekly Barons reported that Deutsche Bank had purchased huge put options (betting that a stock will go down in price) on American & United Airlines, and WTC reinsurance giants Munich RE, Swiss RE and the French Axa. Deutsche Bank, historically owned by the Nazi-funding Warburg family, bought Bankers Trust in 1999 to become the world’s largest bank with $882 billion in assets.  Bankers Trust, as its name indicates, had been the Eight Families’ US wealth repository and is the largest shareholder of the Four Horsemen- Exxon Mobil, Chevron Texaco, BP Amoco and Royal Dutch/Shell- who later reaped the Iraq/Afghanistan oil bonanza. In 2001 Sen. Carl Levin’s (D-MI) Banking Committee fingered Banker’s Trust as a major player in drug money laundering.  On August 28th, just two weeks before 911, Deutsche Bank executive Kevin Ingram pled guilty to laundering heroin proceeds and arranging US weapons sales to parties in Pakistan and Afghanistan.  A June 15, 2001 New York Post article said Osama bin Laden was the likely buyer.  Kevin Ingram is a close friend of Clinton Treasury Secretary and Goldman Sachs insider Robert Rubin, now a board member at Citigroup.  Ingram had worked at both Goldman Sachs and Lehman Brothers……”

Full article

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[youtube://http://www.youtube.com/watch?v=LeCUbpkqSFY 450 300] [youtube://http://www.youtube.com/watch?v=qpa-5JdCnmo 450 300] [youtube://http://www.youtube.com/watch?v=tKO868Vbizs 450 300]

So the last time we had a very poor consumer confidence reading the fed opened the QE3 spigot. Could we be in for additional stimulus for the upcoming holiday season?

“Just one in 10 American adults is opposed to auditing the shadowy Federal Reserve, with an overwhelming 74 percent supporting an audit of the controversial central bank, according to a new poll released by Rasmussen. While the banking cartel-run institution has hired lobbyistsand unleashed various gimmicks to improve its image and protect its cloak of secrecy from Congress and the public, it appears increasingly clear that the people see through the charade. Now, the question is whether lawmakers will side with the establishment to protect the Fed, or with the American public and their demands for transparency.

The survey results, which echo the findings of numerous other polls conducted on the issue in recent years, show that support for an audit of the Fed transcends party lines. While backing for transparency at the central bank was strongest among Republicans — 83 percent support an audit, versus 7 percent opposed — nearly two thirds of Democrats also want to know what is going at the Fed, compared to 14 percent who do not. Among Americans who do not identify with either major party, almost eight in 10 support an audit, with less than one in 10 against it.

According to Rasmussen Reports, which released the results on November 8, part of the reason that Americans still “overwhelmingly support” a public audit of the Fed might be “because a sizable number think the Fed chairman has too much power over the economy.” Neither current central bank boss Ben “Helicopter” Bernanke nor his likely replacement, Janet Yellen, was very popular with the public either. Among respondents who expressed an opinion and had heard of the central bankers — over a third did not recognize Yellen’s name — strong majorities held unfavorable views of them.

Overall, without even knowing what is going on behind closed doors at the central bank due to a lack of transparency, half of likely voters said they had a negative impression of the Fed — with more than 20 percent saying they viewed the institution “very” unfavorably. Among Republicans, an overwhelming seven in 10 respondents had a negative view. Just seven percent of adults surveyed had a “very favorable” impression of the central bank, and around one fourth said “somewhat favorable.” About 16 percent said they were unsure. Wealthier Americans were less likely than others to have a negative view, though even among higher earners, the Fed was hardly popular.

With just 10 percent of American adults opposed to auditing the shadowy but unimaginably powerful central bank, and a full three fourths in favor of opening up the books, there have been strong efforts in Congress to pass “Audit the Fed” legislation for years.Led in part by then-Congressman Ron Paul (R-Texas), the push to audit — and eventually abolish — the controversial institution has been gaining momentum quickly. From being virtually unknown among much of the public prior to the most recent economic crisis, trillions in lawless bailouts, the ongoing erosion of the dollar’s purchasing power, and increasing awareness have all contributed to the escalating political shift surrounding the Fed.

Of course, some members of Congress — for the most part responding to overwhelming public pressure — have been trying for years to find out what is going on behind the impenetrable veil of silence shrouding the U.S. central bank. However, the privately owned institution, which has a government-granted monopoly on America’s rapidly depreciating U.S. dollar, has fiendishly resisted transparency at every turn. Even Freedom of Information Act requests have been met with defiance, with the New York Fedpointing out in its refusal to hand over documents that it is privately owned by shareholders and not part of the government.

In response to the growing public outcry, the Fed actually resorted to hiring a lobbyist to protect its interests on Capitol Hill. More recently, it began waging what the New York Times described as a “public relations offensive.” When that failed to stem the escalating outrage, the central bank even asked for contractors to help it spy on critics — with one of the stated goals being to help tailor its “public relations” gimmicks, also known as propaganda, more effectively. In an apparent fit of desperation, the shadowy institution even began peddling propaganda to high-school students last year, in addition to pro-Fed comic books targeting young children.

Despite its best efforts, however, the House of Representatives has already voted overwhelmingly to audit the Fed in the past, obliterating normal partisan divides. Still, the secretive monetary cartel has managed to avoid serious scrutiny thus far. Thanks largely to certain establishment-minded senators — especially Senate Majority Leader Harry Reid (D-Nev.), who fought hard to protect the Fed’s secrecy and ensure that only a watered-down audit would make it through — a real “audit the Fed” to investigate all of what the central bank is doing has remained elusive.

Even the neutered version of the audit that did pass, however, revealed more than $3 trillion in bailouts to foreign banks, major conflicts of interest, and much more. In just two and a half years, the Fed pumped more than $16 trillion — trillion with a t, more than the entire GDP of the United States — into bailouts for banks and mega-corporations. On both sides of the aisle, lawmakers claimed to be outraged about the heist, yet for some reason, Congress and the president have steadfastly refused to take real action. Of course, there have been a few efforts to rein in the Fed in recent years, but the institution continues to conjure trillions into existence with no accountability and no transparency.    …”

Full article

Cheers on your weekend!

“The Federal Reserve’s Quantitative Easing has given rise to an all time low in the money multiplier which, in turn, has a higher probability of rising than falling. Notwithstanding the recent explosion of personal debt, Chart #5 above shows an emerging propensity of the US public to want to save a higher percentage of their income and/or pay down debts.  Therefore, the most likely driver of a rising ratio will be a rise in savings relative to money stock which, in turn, will place a downward pressure on corporate earnings.  It follows that continuation of QE by the Fed will do nothing other than push the money multiplier ratio lower. Therefore QE is becoming impotent as a strategy for driving the US economy. By extension, if the savings rate continues along its early rising trend, this will likely be accompanied by recessionary conditions which, in turn, will place a downward pressure on Price:Earnings ratios.

There are two unconventional analysts who have come to my attention over the years and whose work is unique to them:

The first is Mr. Alan Newman, who publishes a report entitled “Pictures of a Stock Market Mania”. His latest report, dated November 5th 2013 can be viewed here:   www.cross-currents.net/charts.htm ).

The second is Professor Didier Sornette, who’s bio can be viewed at (http://www.er.ethz.ch/people/sornette ) and whose stock-market relevant work is summarised on the following You-Tube of a TED Talk entitled “How can we predict the next financial crisis?”that he gave in June 2013.http://www.ted.com/talks/didier_sornette_how_we_can_predict_the_next_financial_crisis.html

If Professor Sornette’s model is to be believed, we can expect a significant market peak in mid November 2013 – see chart below: (source: Casey Research)

Chart # 1 – Time Singularity Forecast

Of course, this begs the question as to whether this will be just another trading peak or whether it will be a significant peak.

My own view is that Alan Newman’s work should be seen as a backdrop to any analysis. From the time that Alan Greenspan came onto the scene, the Dollar Trading Volume (DTV) as a multiple of Gross Domestic Product has been rising. At the peak of the 1929 stock market bubble it was well over 100%. Now it is around 350%.

In 1929, the ratio of DTV to Market Capitalisation (the combined value of all companies quoted on the NYSE) was around 200%. Now it is just shy of 300%, having fallen from a peak of 400% in 2009.

Of course, this has occurred as a direct consequence of what has come to be known as “algorithm” trading and as an indirect consequence of the US Federal Reserve’s loose money and low interest rate policies.

A couple of days ago a friend sent me a Point & Figure chart of the gold price – which showed a “buy” signal. Within a day or so of his having sent it, the chart looked like this (source stockcharts.com)

Chart #2 – Point & Figure Chart of the Gold Price (Nov 6th 2013)

Note how the buy signal reversed itself with a high pole warming sell signal and that reversal coincided with a rise to a new high by the Dow Jones Industrial Index (not shown).

Of relevance, on November 6th 2013, the percentage of financial advisers who were bullish on equities was 82.4%, having pulled back from a high of 89.2% on May 29th. “Blue skies, nothing but blue skies”, do they see

Of course, this begs the question of when the stock market mania will end? Will it end around mid November, as per Sornette’s model? The short answer is: There is a high probability.

The chart below (courtesy Bigcharts.com) is worrying from two perspectives:

Chart # 3 – Monthly Chart of the Dow Jones Industrial Index.

First, the reader will note the two diverging red trend lines…..”

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“The only two charts that matter from today’s distroted nonfarm payrolls report.

First, the labor force participation rate, which plunged from 63.2% to 62.8% – the lowest since 1978!

But more importantly, the number of people not in the labor force exploded by nearly 1 million….”

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