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CRONKITE

Freedom of Speech

[youtube://http://www.youtube.com/watch?v=v4HeY1Krw-Y 450 300]

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Leaving the Past

[youtube://http://www.youtube.com/watch?v=Jjp8yuEBjxs 450 300]

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Rich Man’s World

[youtube://http://www.youtube.com/watch?v=EWWYhRRK76M 450 300]

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Bin Laden

[youtube://http://www.youtube.com/watch?v=kLXpq2aFuhM 450 300]

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The Cause of Death

[youtube://http://www.youtube.com/watch?v=CWh077_Ed3w 450 300]

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Caught in a Hustle

[youtube://http://www.youtube.com/watch?v=hGGxRG0q88I 450 300]

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Dance With the Devil

[youtube://http://www.youtube.com/watch?v=qggxTtnKTMo 450 300]

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Point of No Return

[youtube:http://www.youtube.com/watch?v=Igt-jW4e8ts 450 300]

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Harlem Streets

[youtube://http://www.youtube.com/watch?v=DVL4IAKA9Lc 450 300]

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A Moment of Clarity

[youtube://http://www.youtube.com/watch?v=p-RWwFSLx34 450 300]

 

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Drinking With Bob

[youtube://http://www.youtube.com/watch?v=-ZG4SAUDdVo 450 300]

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Venture Capital Investments Double in Q2

“Total new capital invested in the United States tech industry rose from $1.9 billion in April to $3.8 billion in June, a 100 percent increase in two months, according to quarterly data from CrunchBase. The data, which is specific to the United States, breaks down new venture capital raised by round type, investor, company, geography and more.

In the second quarter of 2013, $9.2 billion was invested in over 1,347 rounds. The rounds break down to 500 angel rounds, 306 Series A, 109 Series B, 102 Series C and later, and 330 unattributed rounds. This data set doesn’t include some investments, such as private equity and post-IPO investments, and thus is lower than the total funding for the quarter.

The San Francisco Bay Area still dominates other regions, as companies in the Bay Area raised more capital in Q2 than Boston, New York, and Los Angeles, the next three regions in total capital raised, combined.

Screen Shot 2013-07-08 at 1.08.14 PM

Bay Area companies raised $3.2 billion in 316 rounds, while Boston companies raised $1 billion in 84 rounds and New York startups raised $800 million in 142 rounds. Los Angeles companies raised a bit under $500 million in 81 rounds.

Screen Shot 2013-07-08 at 12.09.05 PM

Biotech companies led the way in amount of money raised, followed by software startups. On average, Biotech companies captured 30 percent of total funding per month, followed by software at 19 percent.

Screen Shot 2013-07-08 at 12.10.20 PM

The most active investors, in terms of number of rounds they participated in, were….”

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Changing Your DNA

dna_strand-263x164

“New studies in cell research are bringing up some alarming new questions concerning GMOs, and one of them in particular makes liver failure or cancer seem like child’s play compared to the garish possibilities that arise when we start to look at how genetically modified foods likely affect our DNA.

Let’s get one thing straight, first. All kinds of things can alter our DNA, for the better or worse. Bruce Lipton, a pioneering biology scientist, proved that emotions can change our DNA; research has shown that even exercise or chemotherapy can alter our DNA; ancient cultures have known that sound can affect our DNA; and the newest research states that we aren’t relegated to a specific destiny because of our genes, but it seems our brains are being rewired via DNA to become ‘new humans.’

Our DNA contains two strands of nucleotides that make up its stair-like structure. Each nucleotide contains one of four bases (adenine, thymine, guanine, cytosine) a phosphate group and a sugar molecule. The bases contain nitrogen, which bond in very specific ways. In one species the way the four bases connect to each other are very different than how they will organize in another.In fact, double stranded RNA (dRNA) GMO created by Monsanto can allegedly turn off certain gene signals and turn on others. Usually, if you put in a Roundup ready gene into a plant, it requires a protein that can make a Roundup ready plant that can resist Roundup and still grow. However, the new dRNA can survive without protein synthesis. This allows the dRNA to alter genes.

In mice who were fed this dRNA, the liver completely changed its cell organization, and the mice grew strangely. The same effects were found when these dRNA were added to human cells. Allegedly, this GMO food can be turning on cancer causing genes, or quiet our immune systems. In other ways, the wheat we are consuming is so different than organic wheat that it is causing us to be addicted to it. Some are calling it bioterrorism for this reason.

 

GMO food plants make these new dRNA so that the gene structure is silenced or amplified in very specific ways….”Full article

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Tinfoil Hat Diary Entry

Thought this was interesting reading. More research needs to be done, but om the surface it is intriguing indeud….

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Are Bank Reserves Held at the Fed the ‘Largest Scam in History’ ?

“Banks’ excess reserves at FED is one of the biggest scam by the FED and there is a conspiracy of silence as to its actual implications. Economists and financial analysts spewing nonsense to mislead and divert attention to non-issues so that the public is kept in the dark.

The issue of banks’ reserves at the FED and other central banks in the world is a complex subject with much technical jargons that confuses a lot of people. Besides, don’t be surprised that your bank branch manager on Main Street as well as lecturers in finance and economics are also ignorant on this issue. In the case of the latter, this subject is hardly taught in universities. And this is the reason why the scam has not been exposed till today.

But, for those who have a basic idea of bank reserves and how this huge amount of “excess reserves” have been created by the FED, have you asked yourself, “Why have I not spotted this scam earlier?”

Many have been taken in by the propaganda that “excess reserves” is the means to encourage banks to extend credit (give out loans) to desperate borrowers who needed urgent funds to survive and to jump-start their businesses. This propaganda is grounded on the assumption that there is insufficient liquidity in the market.

This assumption is misleading.

What are Excess Reserves

The latest figures obtained from the H.3 release from the Board of Governors of the Federal Reserve System (the FED) shows excess reserves of about $1.794 trillion (data as of April 17, 2013), This level of excess reserves is unprecedented and is the highest since reserves were legislated as a requirement.

Please read the below paragraph carefully, ponder deeply before proceeding further. Don’t rush. It is important that you understand this simple fact as otherwise you would not appreciate the audacity of this financial scam!

Excess reserves are the surplus of reserves against deposits and certain other liabilities that depository institutions (collectively referred to as “banks”) hold above the statutory amounts that the FED requires in accordance with the law. The general requirement is that banks maintain reserves at least equal to ten percent of liabilities payable on demand. There is now data to show that as much as 50% of these “excess reserves” are held for United States banking offices of foreign banks.

Let me elaborate. Banks receives deposits from their customers which are inter-alia placed in current accounts (checking accounts) or time deposits (fixed deposit accounts) and which the customer can at any time withdraw from the bank. But, banking practice shows that at any one time, only a small fraction of customers would withdraw their deposits in full. So, there was no need for banks to keep all the deposits in their vaults to meet such a demand for payment. Laws were enacted to allow banks to keep in reserve a small amount of monies to meet such demands.

That being the case – if only 10% reserves is all that is required according to banking regulations to meet repayment demands, why should there be such a huge amount of reserves, beyond the legal requirement of 10%?

Keep this question at the back of your mind to understand the huge scam by the FED.

A Slight Digression

In a previous article, I had exposed the fact that when a customer deposits monies in a bank, he is in law a “creditor” (he has loaned the monies to the bank) and the bank is a “debtor” (and he can use the money in any way at his absolute discretion, even to speculate).

This is because the ownership of the money has been transferred to the bank. The money is no longer the money of the customer. It now belongs to the bank. And as long as the bank is solvent, and there is a demand for repayment of the deposit, the law of contract stipulates that the bank must repay together with the agreed interest that has accrued.

However, if at the time when demand for repayment is made, the bank is bankrupt (i.e. in a liquidation) then the depositor/customer in law is deemed an “unsecured creditor” and must join the queue of all unsecured creditors to share the proceeds of any remaining assets after all secured creditors have been paid. If there are no remaining assets, the depositors get zilch! Ouch!!!!!!

That is why and as illustrated in the bank confiscation of deposits in Cyprus banks acting in concert with central banks can expropriate all customers’ deposits to pay their secured creditors.
I will elaborate on this issue later.

Let’s return to the issue of excess reserves.

How Did The Excess Reserves Balloon To A Massive US$1.794 Trillion? A Simple Summary

The Fed’s overall balance sheet has expanded from about $909 billion before the crisis (i.e. before 2008) to about $3.3 trillion in 2013. Of the $2.4 trillion increase, approximately $1.8 trillion is excess reserves.

Banks were up to their eyeballs in toxic assets (financial sewage) and they are drowning in this cesspool but for the rescue efforts of the FED and other central banks they would have sunk to the bottom of the cesspool.

First Stage of Excess Reserves Scam

From the diagram below, you will see that the FED created trillions of money out of thin air by a digital entry in its books to purchase the toxic assets (financial sewage) in batches from the banks. The objective of QEs is to save the banks and to save the US Treasury from bankruptcy and not Joe Six-Packs. However, in this article we are focusing on the banks…..”

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On the Matter of Income Inequality

[youtube://http://www.youtube.com/watch?v=ik1y4ZNSjek 450 300] [youtube://http://www.youtube.com/watch?v=Fz0GtKsrwNk 450 300]

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$TSLA to Join NASDAQ 100

“The latest rebalancing of the Nasdaq 100 index NDX  will see Tesla Motors TSLA  join the index to replace Oracle ORCL , which is moving to the New York Stock Exchange and will no longer be eligible for inclusion.

The move is a testament to Tesla’s rapidly advancing shares, and another feather in the cap of CEO Elon Musk. But it may also signal a slowdown for the stock, judging by what happens when stocks join the Nasdaq 100.

Ryan Detrick of Schaeffer’s Investment Research found that stocks added to the Nasdaq 100 over the years have tended to underperform those that are removed.

“When you are added it means things are going great. Now things can continue to go great, but it does set up a higher bar,” Detrick said in e-mailed comments.

The stocks removed from the Nasdaq 100 going back to 1995 have averaged a return of 22% in the year following their removal, while those added to the index have only averaged a return of 11.6% over the subsequent year.

Detrick said as far as Tesla goes, “this isn’t a sell signal. Still, buying this stock three months ago when it was 40 and very few believed in it was a far better entry. Now it is a popular stock with a very devoted fan base. Just remember the bar is set higher now and any disappointment could lead to a larger than expected sell off.”…”

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Chart Chompers Delight

“As most of you know I’ve been bullish on the stock markets for quite sometime now. I know there are a lot of investors that are bearish on the US markets and are looking for them to crash on burn. From my perspective nothing is broken that would tell me at this point in time to expect a major correction. So far the charts have been playing out beautifully and if nothing is broken there is no need to fix it.

The first chart I would like to show you is a very long term monthly look at the INDU that seems to be repeating a pattern that formed back in 2002 to 2007 rally phase. I’ve shown this chart several times in the past that shows the bullish rising wedge that formed as a halfway pattern in the middle of the 2002 to 2007 rally. No one at the time recognized this pattern, the bullish rising wedge, because everyone always considers these patterns as bearish. Nothing could be further from the truth as I have shown many times they act and perform just as any other consolidation if the price action breaks out through the top rail. The chart below shows the bullish rising wedge that formed in 2002 to 2007 as a halfway pattern that measured out perfectly in time and price to the 2007 high just before the crash. You can see our current bullish rising wedge that I’ve been showing since the breakout about 6 months or so ago.

 

This next chart is the exact same chart as shown above. It may look a little busy but it shows you what I’m look for with our current bullish rising wedge #2. Note the two black rectangles from 2002 to 2007 that measured out the bullish rising wedge #1 as a halfway pattern in time and price. Now look at our current bullish rising wedge #2 that is showing a price objective up to 18,870 as measured by the blue arrows with a time frame in January of 2015 or so. You will only see a chart like this at Rambus Chartology and nowhere else because no one is looking for this pattern. The bears were all over the bullish rising wedge before it broke out to the upside. Its now been about 6 months and nothing is broken.

This next chart is a closeup look at the 2002 to 2007 price action….”

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