KING JESUS IS COMING FOR US ANY TIME NOW. THE RAPTURE. BE PREPARED TO GO.
6.4 AND 6.1 QUAKES HAVE OCCURRED IN CALIFORNIA TODAY DEC 14,12
Update time = Fri Dec 14 10:45:14 UTC 2012
DOES THIS REALLY MAKE SENSE TO AMERICANS.PANETTA CLAIMES AL-CIA/AEDA IS STILL THE NUMBER ONE THREAT.BUT I MUST ASK WHY DOES AMERICA GIVE BILLIONS OF DOLLARS TO MUSLIM COUNTRIES THAT GIVE AL QAEDA THE MONEY TO FIGHT AMERICANS AND TO WANT AMERICA OFF THE FACE OF THE EARTH.BILLIONS TO MUSLIMS TO KILL AMERICANS WITH THEIR OWN MONEY.I'D SAY THATS FIGHTING AGAINST YOURSELF,NOT AGAINST CIA/AEDA YOUR ENEMIES.BUT WHAT DIFFERENCE CAN I SAY,I'M JUST A LOGICAL PERSON WITH MY THINKING.
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
http://www.youtube.com/watch?v=RYUgVL9PdxM&list=UU4SH8rh0OjYV3zwqnIfqNbA&index=1&feature=plcp
http://www.youtube.com/watch?v=9PX-vW4VccY&feature=player_embedded#!
http://www.theglobeandmail.com/globe-investor/markets/indexes/
http://www.youtube.com/watch?v=KfPX59y4KxE&feature=related
HALF HOUR DOW RESULTS FRI DECEMBER 14,2012
09:30 AM -2.43
10:00 AM +2.70
10:30 AM +3.78
11:00 AM +0.48
11:30 AM -7.56
12:00 PM -17.61
12:30 PM -10.22
01:00 PM -10.52
01:30 PM -15.25
02:00 PM -5.03
02:30 PM -7.77
03:00 PM -25.83
03:30 PM -42.66
04:00 PM -35.71 13,135.01
S&P 500 1413.58 -5.87
NASDAQ 2971.33 -20.83
GOLD 1,696.40 -0.40
OIL 86.81 +0.92
TSE 300 12,296.72 +7.55
CDNX 1183.62 +9.61
S&P/TSX/60 702.21 -2.27
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow -10 points at 4 minutes of trading today.
Dow -24 points at low today.
Dow +17 points at high today so far.
GOLD opens at $1,696.40.OIL opens at $86.20 today.
AFTERNOON,NEWS,STATS
Dow -43 points at low today so far.
Dow +17 points at high today so far.
WRAPUP,NEWS,STATS
Dow -43 points at low today.
Dow +17 points at high today.
GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)
WORLD GOVERNMENT
DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.
REVELATION 13:1-3,7,8,12,16-18(ALL THE WORLDS CITIZENS UNDER DICTATORSHIP)
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950
DANIEL 7:23-25
23 Thus he said, The fourth beast (EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADING BLOCKS-10 WORLD REGIONS/TRADE BLOCS)
24 And the ten horns out of this kingdom are ten kings(10 NATIONS-10 DIVISION WORLD GOVERNMENT) that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.(TAKE OVER 3 WORLD REGIONS)
BANK OF INTERNATIONAL SETTLEMENT PRESS
http://www.bis.org/events/agm2009/pcvideo.htm
BANK FOR INTERNATIONAL SETTLEMENTS PAPER 17 REGIONAL AREAS OF THE WORLD AND CURRENCIES
http://www.bis.org/publ/bppdf/bispap17.pdf
BANK FOR INTERNATIONAL SETTLEMENTS SITE
http://www.bis.org/
G-10 PRESS RELEASES FROM BANK FOR INTERNATIONAL SETTLEMENTS
http://www.bis.org/list/press_releases/said_12/index.htm
BIS ANNUAL REPORTS
http://www.bis.org/list/press_releases/said_10/index.htm
CENTRAL BANKERS SPEECHES
http://www.bis.org/list/cbspeeches/index.htm
BANK FOR INTERNATIONAL SETTLEMENTS-NEW WORLD ORDER-JULY 10,10 HOURS 1 & 2
http://www.olivetreeviews.org/radio/mp3/
THE BANK FOR INTERNATIONAL SETTLEMENTS IS THE CENTRAL BANK OF THE WORLD THAT LENDS ONLY TO CENTRAL BANKERS AROUND THE GLOBE.THE IMF LENDS TO THE COUNTRIES BANKS OF THE WORLD.BETWEEN THIS BANK AND THE IMF I BELIEVE WILL BE THE BANKS OF THE WORLD.THE IMF THE WORLD BANK AND THE POLICEMAN OF THE IMF THE BANK FOR INTERNATIONAL SETTLEMENTS WHERE WE PAY OUT CAP & TRADE,CLIMATE,ENERGY SCAM TAXES TOO TO PAY FOR THE WORLD GOVERNMENT.THE GLOBAL CURRENCY WILL BE THE SDRS OR SPECIAL DRAWING RIGHTS UNTILL THE EU INVENTS THE WORLD MICROCHIP IMPLANT SYSTEM THEN THE EU WILL MAKE ALL TAKE THE IMPLANT OR BE MURDERED.FORCE THE WORLD INTO FULLOUT INFLATION,SKYROCKETING FOOD PRICES AND A 50 CENT DOLLAR.
WE ARE SLAVES TO CENTRAL BANKERS
https://www.youtube.com/watch?v=_5mXc9Gjv2Y
https://www.youtube.com/watch?v=tOYq0u-Okqo
ECB SITE
http://www.ecb.europa.eu/home/html/index.en.html
ECB EURO
http://www.youtube.com/user/ecbeuro
The agreement marks an important step towards a stable economic and monetary union, and towards further European integration.
Following a successful conclusion of the trialogue between the European Parliament, the Council and the European Commission, and after the adoption of the legal acts, the ECB will launch the preparations so that the SSM can be established within the timeline foreseen by the ECOFIN.
FROM THE ECB SITE
http://www.ecb.europa.eu/press/pr/date/2012/html/pr121213_1.en.html
These central banks are also extending until 1 February 2014 the network of temporary bilateral liquidity swap arrangements that enable the provision of liquidity in each jurisdiction in any of their currencies, should market conditions so warrant. Previously, these bilateral liquidity swap arrangements had been authorised until 1 February 2013.
The Bank of Japan will consider the extension of both sets of swap arrangements at its next monetary policy meeting.
Information on the actions to be taken by other central banks is available on the following websites:
Bank of Canada ( http://www.bankofcanada.ca)
Bank of England ( http://www.bankofengland.co.uk)
Bank of Japan ( http://www.boj.or.jp/en)
Federal Reserve ( http://www.federalreserve.gov)
Swiss National Bank ( http://www.snb.ch)
http://www.ecb.europa.eu/press/pr/date/2012/html/pr121213.en.html
HERES THE BANK HEADS PROFILES OF 5 BANKS THAT SUPPLY EU FUNDS FROM THEIR BANKS.
MARK CARNEY WHO WAS JUST APPOINTED HEAD OF THE UK BANK AND FORMER BANK OF CANADA IS A FORMER GOLDMAN SACHS AND BANK FOR INTERNATIONAL SETTLEMENTS CONNECTIONS.
Mr.
Carney was appointed Governor of the Bank of Canada effective 1
February 2008, for a term of seven years. As Governor, he is also
Chairman of the Board of Directors of the Bank.In addition to his duties as Governor of the Bank of Canada, he
serves as Chairman of the Financial Stability Board (FSB) and as a
member of the Board of Directors of the Bank for International
Settlements (BIS). Mr. Carney is also a member of the Group of Thirty,
and of the Foundation Board of the World Economic Forum.Born in Fort Smith, Northwest Territories, Mr. Carney received a
bachelor’s degree in economics from Harvard University in 1988. He
received a master’s degree in economics in 1993 and a doctorate in
economics in 1995, both from Oxford University.Prior to joining the public service, Mr. Carney had a thirteen-year
career with Goldman Sachs in its London, Tokyo, New York and Toronto
offices. Mr. Carney was appointed Deputy Governor of the Bank of Canada
in August 2003. In November 2004, he left the Bank to become Senior
Associate Deputy Minister of Finance – a position he held until his
appointment as Governor of the Bank.
http://www.bankofcanada.ca/author/mark-carney/
Welcoming the appointment, the Governor, Sir Mervyn King, said:
IT IS INTERESTING THAT SIR MERVYN KING WILL NOT BE HEAD OF THE UK BANK ANY LONGER.NO AFFILIATION TO GOLDMAN SAXHS OR THE BANK FOR INTERNATIONAL SETTLEMENTS IN HIS CAREER.IS THAT THE REASON WHY STEPPING DOWN I WONDER.
http://investing.businessweek.com/research/stocks/private/person.asp?personId=62102649&privcapId=873988&previousCapId=380011&previousTitle=DEUTSCHE%20TELEKOM%20AG-REG
Ben S. Bernanke began a second term as Chairman of the Board of
Governors of the Federal Reserve System on February 1, 2010. Dr.
Bernanke also serves as Chairman of the Federal Open Market Committee,
the System's principal monetary policymaking body. He originally took
office as Chairman on February 1, 2006, when he also began a 14-year
term as a member of the Board. His second term as Chairman ends January
31, 2014, and his term as a Board member ends January 31, 2020.
Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.
Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).
From 1994 to 1996, Dr. Bernanke was the Class of 1926 Professor of Economics and Public Affairs at Princeton University. He was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at the university from 1996 to 2002. Dr. Bernanke had been a Professor of Economics and Public Affairs at Princeton since 1985.
Before arriving at Princeton, Dr. Bernanke was an Associate Professor of Economics (1983-85) and an Assistant Professor of Economics (1979-83) at the Graduate School of Business at Stanford University. His teaching career also included serving as a Visiting Professor of Economics at New York University (1993) and at the Massachusetts Institute of Technology (1989-90).
Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee. In July 2001, he was appointed Editor of the American Economic Review. Dr. Bernanke's work with civic and professional groups includes having served two terms as a member of the Montgomery Township (N.J.) Board of Education.
Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South Carolina. He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.
Dr. Bernanke is married and has two children.
http://www.federalreserve.gov/aboutthefed/bios/board/bernanke.htm
3 From the U.S. to Europe, the stewards of monetary policy are tending to the financial system with greater nimbleness, creativity and maturity than their political counterparts or any other societal actor
Over the past four years of financial crisis, central bankers worldwide have been the only true stewards of international stability. In a world where finance has supplanted the military as security's prime guarantor and threat, central bankers are like generals: They guard and they protect. Of course, also like generals, they can and certainly have failed spectacularly in the past, with unenviable consequences.Today they are not failing. They are tending to the financial system with greater nimbleness, creativity and maturity than their political counterparts or any other societal actor.If you read that statement and react with incredulity, sputtering "wait a minute, inept central banks have been flooding the world with money, creating a massive debt bubble, kicking the can down the road and setting us up for unbearable years of inflation and depression in the years to come," well, take a number.Bankers may be the stewards, but they are doing a lousy job convincing people of it. Multiple excoriating critics see in today's Ben Bernanke, Mario Draghi, Mervin King and their counterparts in Japan, China, India and elsewhere the same blinkered crew who mishandled the financial system in the 1920s and helped bring on the Great Depression. Long-time Wall Street watcher Brian Wesbury summed it up well when he said ahead of yesterday's Federal Reserve announcement about continued measures to provide funds, "I wish the Fed would just go away." That was more polite than many others, who dismiss the Fed, the European banks, and indeed all bankers in words often unprintable. As Jim Rogers, the maverick, motorcycle-riding, Singapore-based commodity king once told me, "Ben Bernanke couldn't manage a corner lemonade stand let alone the U.S. financial system."Much of the verdict will depend on the future. If over time the global system establishes a new equilibrium of lower growth and less debt in the developed world, juxtaposed with higher growth and less savings in the developing world, then the actions of today's central banks will be lauded and seen as a key element in making that transition possible. If, however, we are simply in a lull of a multi-year crisis that will get substantially worse before it gets significantly better, then today's banks will be seen not as stewards but as successors to the same crowd that abetted the Depression and mismanaged inflation in the 1970s.Given that none of us know the outcomes here, current views are dictated by ideology. If you think fiat currency and excessive debt have become detached from organic economic growth and that bankers are, as some critics have claimed, dealing heroin to sovereign addicts, you're unlikely to consider them anything but fools and knaves. But the other perspective is just as credible. In a world where mature leadership is lacking in legislatures around the world, the bankers are proving to be giants among pygmies.Think of the so-called fiscal cliff negotiations: Imagine a conclave of Republicans, Democrats, the president, economists, labor and business leaders having a series of summits about the long-term challenges of revenue versus expenses versus demands placed on governments and societal needs. Imagine seriously different viewpoints subsumed under the general umbrella of "we must create solutions and we are entrusted by the people to do so." Imagine a similar guiding principle animating the leaders of the European Union when they meet for their leader's summits. Well, imagining that is just about as starry-eyed idealistic as a John Lennon song.Yet, that is precisely what the world's central bankers tend to do. As this recent report in the Wall Street Journal showed, they have been engaged in nearly constant dialogue and debate over the past years with one guiding principle: Keep the financial system intact and functional, especially given the paucity of clear and consistent responses coming from elected governments. Mario Monti's technocrat government in Italy, soon to end, was the closest thing to economic stewardship that we've seen of late in actual governments. And now he's retiring.Unlike some elected officials, central bankers have also been keenly aware that whatever they do is bounded and limited. They also seem to be much less ideological about solutions than either their own predecessors or today's political parties. The critique of the bankers of the 1920s was that they were more wedded to economic orthodoxies about how the world should work than economic policies to help the world actually work. The same can be said of political parties today. Opposition to raising taxes, sharing economic burdens, and tackling labor market or social spending issues ends not in problem-solving but ideological rigidity.The bankers, in short, are doing what everyone in a position of influence should do: attempting within the limits of their abilities to provide for the common good. Yes, they are guilty, Bernanke included, of technocratic arrogance at times, with an alarming certainty that they know how to manipulate the levers of finance. The future may prove today's critics correct. Until then, those critics are but one voice, no matter how loud, passionate and angry. In the past four years, central bankers have been less arrogant than creative, and they have tried to craft answers to intractable questions. For the moment, at least, they have kept the dogs of anarchy at bay. A modest achievement, perhaps, but one we'd all like to surpass."The Edgy Optimist" column is initially published at Reuters.com, an Atlantic partner site
Infowars.com
December 12, 2012-HELICOPTER BEN BERNANKE-FLYING HIS HERO CASH TO BANKS.
Citing
fictitious unemployment numbers, Federal Reserve boss Ben Bernanke
announced today that the Fed will spend $45 billion a month to “sustain
an aggressive drive” to force long-term interest rates to zero and keep
them there “until unemployment drops below 6.5 percent.”
The Fed said it will direct the money into long-term Treasurys to replace an expiring bond-purchase program known as Operation Twist and further increase its “investment portfolio,” now reaching a whopping $3 trillion.Bernanke and the Fed cited cooked numbers that claim unemployment in the United States fell to 7.7 percent in November.In fact, as John Williams’ Shadow Government Statistics website demonstrates, the real unemployment rate is 22.9 percent.In order to trick the public into believing things are better than they actually are, the Fed and the government do not include unemployed members of the workforce who are not actively looking for work or workers with part-time jobs who are seeking full-time employment.
Despite the government claim that unemployment fell in November, a recent Gallup poll shows that it increased significantly from October to November. “Underemployment, as measured without seasonal adjustment, was 17.2% in November, a 1.3-point increase since the end of October,” Gallup reports. “The uptick in November also puts an end to the six-month trend of improvements or no change.”
The Federal Reserve announcement means interest rates will remain near zero for the foreseeable future.
Economists, including former Secretary of Labor Robert Reich, predict unemployment will stay high for at least a decade.Economist David Levy, chairman of the Jerome Levy Forecasting Center, said at the outset of the recession the country faces a new era of chronically high unemployment. The United States will confront “the mother of all jobless recoveries” in the years ahead, economic historian John Steel Gordon said at the time.As Rep. Ron Paul has noted, near zero interest rates fueled the 2008 recession and have proloned it today.The Federal Reserve’s “manipulation of interest rates – essentially price setting – can only ever have destructive effects on the American economy,” Paul told the House’s Domestic Monetary Policy and Technology Subcommittee in September. “Artificially low interest rates continue to cause malinvestment and misallocation of resources throughout the economy. Savers and investors suffer from negative real interest rates, while the federal government takes advantage of the Fed’s zero interest rate policy to run up gargantuan fiscal deficits. These problems cannot and will not be remedied until the Fed stops manipulating the price of money.”
6.4 AND 6.1 QUAKES HAVE OCCURRED IN CALIFORNIA TODAY DEC 14,12
Update time = Fri Dec 14 10:45:14 UTC 2012
| MAG | UTC DATE-TIME y/m/d h:m:s |
LAT deg |
LON deg |
DEPTH km |
Region | |
|---|---|---|---|---|---|---|
| MAP | 3.2 | 2012/12/14 10:38:31 | 40.121 | -112.939 | 27.4 | UTAH |
| MAP | 3.5 | 2012/12/14 10:37:53 | 37.172 | -113.129 | -2.9 | UTAH |
| MAP | 6.1 | 2012/12/14 10:36:18 | 32.413 | -119.372 | 11.1 | OFF THE COAST OF CALIFORNIA |
| MAP | 6.4 | 2012/12/14 10:36:01 | 31.123 | -119.604 | 20.0 | OFF THE WEST COAST OF BAJA CALIFORNIA |
01:08 PM ET
Panetta: The mission of defeating and deterring al Qaeda is well on the way
CNN's Erin Burnett talks to Defense Secretary Leon Panetta about whether the mission to defeat al Qaeda is accomplished.Panetta: al Qaeda still No. 1 threat "The mission of defeating and deterring al Qaeda I think is well on
the way towards achieving the mission with regards to Afghanistan."
Panetta added, "We have had remarkable success going after special
operations against al Qaeda here and we're continuing to do that."Programming Note: Erin Burnett reports from Kabul with an exclusive interview with Defense Secretary Leon Panetta on the future of Afghanistan and the ongoing fight against al Qaeda.
http://outfront.blogs.cnn.com/2012/12/13/panetta-the-mission-of-defeating-and-deterring-al-qaeda-is-well-on-the-way/DOES THIS REALLY MAKE SENSE TO AMERICANS.PANETTA CLAIMES AL-CIA/AEDA IS STILL THE NUMBER ONE THREAT.BUT I MUST ASK WHY DOES AMERICA GIVE BILLIONS OF DOLLARS TO MUSLIM COUNTRIES THAT GIVE AL QAEDA THE MONEY TO FIGHT AMERICANS AND TO WANT AMERICA OFF THE FACE OF THE EARTH.BILLIONS TO MUSLIMS TO KILL AMERICANS WITH THEIR OWN MONEY.I'D SAY THATS FIGHTING AGAINST YOURSELF,NOT AGAINST CIA/AEDA YOUR ENEMIES.BUT WHAT DIFFERENCE CAN I SAY,I'M JUST A LOGICAL PERSON WITH MY THINKING.
DOCTOR DOCTORIAN FROM ANGEL OF GOD
then the angel said, Financial crisis will come to Asia. I will shake the world.
JAMES 5:1-3
1 Go to now, ye rich men, weep and howl for your miseries that shall come upon you.
2 Your riches are corrupted, and your garments are motheaten.
3 Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.
REVELATION 18:10,17,19
10 Standing afar off for the fear of her torment, saying, Alas, alas that great city Babylon, that mighty city! for in one hour is thy judgment come.
17 For in one hour so great riches is come to nought. And every shipmaster, and all the company in ships, and sailors, and as many as trade by sea, stood afar off,
19 And they cast dust on their heads, and cried, weeping and wailing, saying, Alas, alas that great city, wherein were made rich all that had ships in the sea by reason of her costliness! for in one hour is she made desolate.
EZEKIEL 7:19
19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the LORD: they shall not satisfy their souls, neither fill their bowels: because it is the stumblingblock of their iniquity.
REVELATION 13:16-18
16 And he(THE FALSE POPE WHO DEFECTED FROM THE CHRISTIAN FAITH) causeth all,(IN THE WORLD ) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:(MICROCHIP IMPLANT)
17 And that no man might buy or sell, save he that had the mark,(MICROCHIP IMPLANT) or the name of the beast,(WORLD DICTATORS NAME INGRAVED ON YOUR SKIN OR TATTOOED ON YOU OR IN THE MICROCHIP IMPLANT) or the number of his name.(THE NUMBERS OF HIS NAME INGRAVED IN THE MICROCHIP IMLPLANT)-(ALL THESE WILL TELL THE WORLD DICTATOR THAT YOUR WITH HIM AND AGAINST KING JESUS-GOD)
18 Here is wisdom. Let him that hath understanding count the number of the beast:(WORLD LEADER) for it is the number of a man; and his number is Six hundred threescore and six.(6-6-6) A NUMBER SYSTEM (6006006)OR(60020202006)(SOME KIND OF NUMBER IMPLANTED IN THE MICROCHIP THAT TELLS THE WORLD DICTATOR AND THE NEW WORLD ORDER THAT YOU GIVE YOUR TOTAL ALLIGIENCE TO HIM AND NOT JESUS)(ITS AN ETERNAL DECISION YOU MAKE)(YOU CHOOSE YOUR OWN DESTINY)(YOU TAKE THE DICTATORS NAME OR NUMBER UNDER YOUR SKIN,YOUR DOOMED TO THE LAKE OF FIRE AND TORMENTS FOREVER,NEVER ENDING MEANT ONLY FOR SATAN AND HIS ANGELS,NOT HUMAN BEINGS).OR YOU REFUSE THE MICROCHIP IMPLANT AND GO ON THE SIDE OF KING JESUS AND RULE FOREVER WITH HIM ON EARTH.YOU CHOOSE,ITS YOUR DECISION.
http://www.youtube.com/watch?v=RYUgVL9PdxM&list=UU4SH8rh0OjYV3zwqnIfqNbA&index=1&feature=plcp
http://www.youtube.com/watch?v=9PX-vW4VccY&feature=player_embedded#!
http://www.theglobeandmail.com/globe-investor/markets/indexes/
http://www.youtube.com/watch?v=KfPX59y4KxE&feature=related
HALF HOUR DOW RESULTS FRI DECEMBER 14,2012
09:30 AM -2.43
10:00 AM +2.70
10:30 AM +3.78
11:00 AM +0.48
11:30 AM -7.56
12:00 PM -17.61
12:30 PM -10.22
01:00 PM -10.52
01:30 PM -15.25
02:00 PM -5.03
02:30 PM -7.77
03:00 PM -25.83
03:30 PM -42.66
04:00 PM -35.71 13,135.01
S&P 500 1413.58 -5.87
NASDAQ 2971.33 -20.83
GOLD 1,696.40 -0.40
OIL 86.81 +0.92
TSE 300 12,296.72 +7.55
CDNX 1183.62 +9.61
S&P/TSX/60 702.21 -2.27
MORNING,NEWS,STATS
YEAR TO DATE PERFORMANCE
Dow -10 points at 4 minutes of trading today.
Dow -24 points at low today.
Dow +17 points at high today so far.
GOLD opens at $1,696.40.OIL opens at $86.20 today.
AFTERNOON,NEWS,STATS
Dow -43 points at low today so far.
Dow +17 points at high today so far.
WRAPUP,NEWS,STATS
Dow -43 points at low today.
Dow +17 points at high today.
GOLD ALLTIME HIGH $1,902.60 (NOT AT CLOSE)
WORLD GOVERNMENT
DANIEL 12:4,1
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
1 And at that time shall Michael stand up, the great prince which standeth for the children of thy people: and there shall be a time of trouble, such as never was since there was a nation even to that same time: and at that time thy people shall be delivered, every one that shall be found written in the book.
REVELATION 13:1-3,7,8,12,16-18(ALL THE WORLDS CITIZENS UNDER DICTATORSHIP)
1 And I stood upon the sand of the sea, and saw a beast rise up out of the sea, having seven heads and ten horns, and upon his horns ten crowns, and upon his heads the name of blasphemy.
2 And the beast which I saw was like unto a leopard, and his feet were as the feet of a bear, and his mouth as the mouth of a lion: and the dragon gave him his power, and his seat, and great authority.
3 And I saw one of his heads as it were wounded to death; and his deadly wound was healed: and all the world wondered after the beast.
7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
8 And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world.
12 And he exerciseth all the power of the first beast before him, and causeth the earth and them which dwell therein to worship the first beast, whose deadly wound was healed.
16 And he causeth all,(WORLD SOCIALISM) both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
REVELATION 17:3,7,9-10,12,18
3 So he carried me away in the spirit into the wilderness: and I saw a woman sit upon a scarlet coloured beast, full of names of blasphemy, having seven heads and ten horns.
7 And the angel said unto me, Wherefore didst thou marvel? I will tell thee the mystery of the woman, and of the beast that carrieth her, which hath the seven heads and ten horns.
9 And here is the mind which hath wisdom. The seven heads are seven mountains, on which the woman sitteth.
10 And there are seven kings: five are fallen, and one is, and the other is not yet come; and when he cometh, he must continue a short space.
12 And the ten horns which thou sawest are ten kings, which have received no kingdom as yet; but receive power as kings one hour with the beast.
18 And the woman which thou sawest is that great city, which reigneth over the kings of the earth.
We shall have World Government, whether or not we like it. The only question is whether World Government will be achieved by conquest or consent.James Paul Warburg appearing before the Senate on 7th February 1950
DANIEL 7:23-25
23 Thus he said, The fourth beast (EU,REVIVED ROME) shall be the fourth kingdom upon earth,(7TH WORLD EMPIRE) which shall be diverse from all kingdoms, and shall devour the whole earth, and shall tread it down, and break it in pieces.(TRADING BLOCKS-10 WORLD REGIONS/TRADE BLOCS)
24 And the ten horns out of this kingdom are ten kings(10 NATIONS-10 DIVISION WORLD GOVERNMENT) that shall arise: and another shall rise after them; and he shall be diverse from the first, and he shall subdue three kings.(TAKE OVER 3 WORLD REGIONS)
BANK OF INTERNATIONAL SETTLEMENT PRESS
http://www.bis.org/events/agm2009/pcvideo.htm
BANK FOR INTERNATIONAL SETTLEMENTS PAPER 17 REGIONAL AREAS OF THE WORLD AND CURRENCIES
http://www.bis.org/publ/bppdf/bispap17.pdf
BANK FOR INTERNATIONAL SETTLEMENTS SITE
http://www.bis.org/
G-10 PRESS RELEASES FROM BANK FOR INTERNATIONAL SETTLEMENTS
http://www.bis.org/list/press_releases/said_12/index.htm
BIS ANNUAL REPORTS
http://www.bis.org/list/press_releases/said_10/index.htm
CENTRAL BANKERS SPEECHES
http://www.bis.org/list/cbspeeches/index.htm
BANK FOR INTERNATIONAL SETTLEMENTS-NEW WORLD ORDER-JULY 10,10 HOURS 1 & 2
http://www.olivetreeviews.org/radio/mp3/
THE BANK FOR INTERNATIONAL SETTLEMENTS IS THE CENTRAL BANK OF THE WORLD THAT LENDS ONLY TO CENTRAL BANKERS AROUND THE GLOBE.THE IMF LENDS TO THE COUNTRIES BANKS OF THE WORLD.BETWEEN THIS BANK AND THE IMF I BELIEVE WILL BE THE BANKS OF THE WORLD.THE IMF THE WORLD BANK AND THE POLICEMAN OF THE IMF THE BANK FOR INTERNATIONAL SETTLEMENTS WHERE WE PAY OUT CAP & TRADE,CLIMATE,ENERGY SCAM TAXES TOO TO PAY FOR THE WORLD GOVERNMENT.THE GLOBAL CURRENCY WILL BE THE SDRS OR SPECIAL DRAWING RIGHTS UNTILL THE EU INVENTS THE WORLD MICROCHIP IMPLANT SYSTEM THEN THE EU WILL MAKE ALL TAKE THE IMPLANT OR BE MURDERED.FORCE THE WORLD INTO FULLOUT INFLATION,SKYROCKETING FOOD PRICES AND A 50 CENT DOLLAR.
WE ARE SLAVES TO CENTRAL BANKERS
https://www.youtube.com/watch?v=_5mXc9Gjv2Y
https://www.youtube.com/watch?v=tOYq0u-Okqo
ECB SITE
http://www.ecb.europa.eu/home/html/index.en.html
ECB EURO
http://www.youtube.com/user/ecbeuro
PRESS RELEASE
13 December 2012 - ECB President Mario Draghi welcomes the agreement on the SSM
Mario Draghi, President of the European Central Bank (ECB), welcomes the agreement on the Single Supervisory Mechanism (SSM) reached by the ECOFIN in unanimity.The agreement marks an important step towards a stable economic and monetary union, and towards further European integration.
Following a successful conclusion of the trialogue between the European Parliament, the Council and the European Commission, and after the adoption of the legal acts, the ECB will launch the preparations so that the SSM can be established within the timeline foreseen by the ECOFIN.
FROM THE ECB SITE
http://www.ecb.europa.eu/press/pr/date/2012/html/pr121213_1.en.html
PRESS RELEASE
13 December 2012 - ECB extends the existing swap arrangements with other central banks
The Bank of Canada, the Bank of England, the European Central Bank, the Federal Reserve and the Swiss National Bank are today announcing an extension of the existing temporary US dollar liquidity swap arrangements until 1 February 2014. Previously, these swap arrangements had been authorised until 1 February 2013.These central banks are also extending until 1 February 2014 the network of temporary bilateral liquidity swap arrangements that enable the provision of liquidity in each jurisdiction in any of their currencies, should market conditions so warrant. Previously, these bilateral liquidity swap arrangements had been authorised until 1 February 2013.
The Bank of Japan will consider the extension of both sets of swap arrangements at its next monetary policy meeting.
European Central Bank decision - FROM THE ECB WEBSITE
The Governing Council of the European Central Bank (ECB) decided in cooperation with the Bank of Canada, the Bank of England, the Bank of Japan, the Federal Reserve and the Swiss National Bank to extend the temporary network of reciprocal swap lines until 1 February 2014. This action will enable the Eurosystem to continue to provide euro to those central banks when required and to provide to its counterparties, when necessary, Japanese yen, pounds sterling, Swiss francs and Canadian dollars (in addition to the existing liquidity-providing operations in US dollars).The Governing Council also decided that the ECB will, until further notice, continue to conduct regular US dollar liquidity-providing operations with maturities of approximately one week and three months. The indicative schedule for these operations, which will take the form of repurchase transactions against eligible collateral and will be carried out as fixed rate tender procedures with full allotment, will be published on the ECB’s website.Information on the actions to be taken by other central banks is available on the following websites:
Bank of Canada ( http://www.bankofcanada.ca)
Bank of England ( http://www.bankofengland.co.uk)
Bank of Japan ( http://www.boj.or.jp/en)
Federal Reserve ( http://www.federalreserve.gov)
Swiss National Bank ( http://www.snb.ch)
http://www.ecb.europa.eu/press/pr/date/2012/html/pr121213.en.html
HERES THE BANK HEADS PROFILES OF 5 BANKS THAT SUPPLY EU FUNDS FROM THEIR BANKS.
MARK CARNEY WHO WAS JUST APPOINTED HEAD OF THE UK BANK AND FORMER BANK OF CANADA IS A FORMER GOLDMAN SACHS AND BANK FOR INTERNATIONAL SETTLEMENTS CONNECTIONS.
Mark Carney - CENTRAL BANK HEAD CANADA (FORMER)
GovernorAbout Mark Carney
Mr.
Carney was appointed Governor of the Bank of Canada effective 1
February 2008, for a term of seven years. As Governor, he is also
Chairman of the Board of Directors of the Bank.In addition to his duties as Governor of the Bank of Canada, he
serves as Chairman of the Financial Stability Board (FSB) and as a
member of the Board of Directors of the Bank for International
Settlements (BIS). Mr. Carney is also a member of the Group of Thirty,
and of the Foundation Board of the World Economic Forum.Born in Fort Smith, Northwest Territories, Mr. Carney received a
bachelor’s degree in economics from Harvard University in 1988. He
received a master’s degree in economics in 1993 and a doctorate in
economics in 1995, both from Oxford University.Prior to joining the public service, Mr. Carney had a thirteen-year
career with Goldman Sachs in its London, Tokyo, New York and Toronto
offices. Mr. Carney was appointed Deputy Governor of the Bank of Canada
in August 2003. In November 2004, he left the Bank to become Senior
Associate Deputy Minister of Finance – a position he held until his
appointment as Governor of the Bank.http://www.bankofcanada.ca/author/mark-carney/
News Release - New Governor of the Bank of England announced
26 November 2012
Her
Majesty the Queen has been pleased to approve the appointment of Mark
Carney as Governor of the Bank of England from 1 July 2013. He will
succeed Sir Mervyn King
Welcoming the appointment, the Governor, Sir Mervyn King, said:
I am delighted to welcome Mark Carney as my successor. He
represents a new generation of leadership for the Bank of England, and
is an outstanding choice to succeed me. Since Mark became Governor of
the Bank of Canada, I have worked closely with him and admired his
contributions to the world of central banking, in which he is widely
respected.The Chairman of Court, Sir David Lees, said:On behalf of the Court of the Bank of England I congratulate Mark
Carney on his appointment as the next Governor of the Bank. His
reputation as an outstanding central bank Governor goes before him and
Court very much look forward to working with him when he joins us next
July.The Queen has also approved the reappointment of Charles Bean as
Deputy Governor of the Bank of England for Monetary Policy from 1 July
2013. Mr Bean has agreed to stay on for a year to help oversee the
extension of the Bank of England’s responsibilities and the transition
to the new Governor. He has asked to stand down on 30 June 2014.Welcoming the reappointment, the Governor said:I am very pleased that Charlie has agreed to stay on for a year to
assist in the transition. He will provide valuable continuity in the
crucial area of monetary policy.HM Treasury Press Notices Governor of the Bank of England
IT IS INTERESTING THAT SIR MERVYN KING WILL NOT BE HEAD OF THE UK BANK ANY LONGER.NO AFFILIATION TO GOLDMAN SAXHS OR THE BANK FOR INTERNATIONAL SETTLEMENTS IN HIS CAREER.IS THAT THE REASON WHY STEPPING DOWN I WONDER.
Mervyn Allister King - Governor, Bank of England
Mervyn King is Governor of the Bank of England and is Chairman of
the Monetary Policy Committee and Financial Policy Committee. He was
previously Deputy Governor from 1998 to 2003, and Chief Economist and
Executive Director from 1991. Mervyn King was a non-executive director
of the Bank from 1990 to 1991.
Born in 1948, Mervyn King studied at King’s College, Cambridge, and
Harvard (as a Kennedy Scholar) and taught at Cambridge and Birmingham
Universities before spells as Visiting Professor at both Harvard
University and MIT. From October 1984 he was Professor of Economics at
the London School of Economics where he founded the Financial Markets
Group.
BANK OF JAPANS MASAAKI SHIRAKAWA HAS A HISTORY WITH THE BANK FOR INTERNATIONAL SETLEMENTS.
Masaaki Shirakawa
Alternate Governor of Japan, Asian Development Bank
|
| Age | Total Calculated Compensation | This person is connected to 4 Board Members in 4 different organizations across 5 different industries. See Board Relationships |
| 63 | -- |
Background
Mr. Masaaki Shirakawa has been Governor of Bank of Japan since 2008 and serves as its Chairman of the Policy Board. Mr. Shirakawa served as the Chairman of Asian Consultative Council at Bank For International Settlements since 2010. Mr. Shirakawa has been a Vice Chairman of Bank For International Settlements since January 10, 2011 and has been its Director since May 2008. He served as Director of Bank For International Settlements. Mr. Shirakawa holds B.A. in Economics
BEN BERNANKE IS HEAD OF THE FEDERAL RESERVE IN AMERICA.
Ben S. Bernanke
Ben S. Bernanke began a second term as Chairman of the Board of
Governors of the Federal Reserve System on February 1, 2010. Dr.
Bernanke also serves as Chairman of the Federal Open Market Committee,
the System's principal monetary policymaking body. He originally took
office as Chairman on February 1, 2006, when he also began a 14-year
term as a member of the Board. His second term as Chairman ends January
31, 2014, and his term as a Board member ends January 31, 2020.
Before his appointment as Chairman, Dr. Bernanke was Chairman of the President's Council of Economic Advisers, from June 2005 to January 2006.
Dr. Bernanke has already served the Federal Reserve System in several roles. He was a member of the Board of Governors of the Federal Reserve System from 2002 to 2005; a visiting scholar at the Federal Reserve Banks of Philadelphia (1987-89), Boston (1989-90), and New York (1990-91, 1994-96); and a member of the Academic Advisory Panel at the Federal Reserve Bank of New York (1990-2002).
From 1994 to 1996, Dr. Bernanke was the Class of 1926 Professor of Economics and Public Affairs at Princeton University. He was the Howard Harrison and Gabrielle Snyder Beck Professor of Economics and Public Affairs and Chair of the Economics Department at the university from 1996 to 2002. Dr. Bernanke had been a Professor of Economics and Public Affairs at Princeton since 1985.
Before arriving at Princeton, Dr. Bernanke was an Associate Professor of Economics (1983-85) and an Assistant Professor of Economics (1979-83) at the Graduate School of Business at Stanford University. His teaching career also included serving as a Visiting Professor of Economics at New York University (1993) and at the Massachusetts Institute of Technology (1989-90).
Dr. Bernanke has published many articles on a wide variety of economic issues, including monetary policy and macroeconomics, and he is the author of several scholarly books and two textbooks. He has held a Guggenheim Fellowship and a Sloan Fellowship, and he is a Fellow of the Econometric Society and of the American Academy of Arts and Sciences. Dr. Bernanke served as the Director of the Monetary Economics Program of the National Bureau of Economic Research (NBER) and as a member of the NBER's Business Cycle Dating Committee. In July 2001, he was appointed Editor of the American Economic Review. Dr. Bernanke's work with civic and professional groups includes having served two terms as a member of the Montgomery Township (N.J.) Board of Education.
Dr. Bernanke was born in December 1953 in Augusta, Georgia, and grew up in Dillon, South Carolina. He received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.
Dr. Bernanke is married and has two children.
http://www.federalreserve.gov/aboutthefed/bios/board/bernanke.htm
THOMAS J JORDAN OF THE SWISS BANK HAS A HISTORY WITH THE BANK FOR INTERNATIONAL SETTLEMENTS.BUT I DON'T SEE A GOLDMAN SACHS CONNECTION HERE.
Thomas J. Jordan, Chairman of the Governing Board, Zurich
Thomas
J. Jordan was born in Bienne, Switzerland in 1963. After graduating
from an academic secondary school (Wirtschaftsgymnasium) in Bienne, he
studied economics and business studies at the University of Bern. He
completed his degree in 1989 and his doctorate in 1993. He wrote his
post-doctoral thesis (Habilitation) during a three-year post-doctoral
research period at the Department of Economics at Harvard University in
Cambridge, Massachusetts, USA. The University of Bern appointed him
lecturer (Privatdozent) in 1998 and honorary professor in 2003. He
lectures there in monetary theory and policy.In 1997, Thomas J.
Jordan joined the Swiss National Bank (SNB) in Zurich as an Economic
Advisor in Department I. Two years later, he was appointed Assistant
Director of the Economic Studies unit, and in 2002 he became Head of the
Research unit. At the beginning of 2004, he was promoted to Director.
With effect from mid-2004, the Swiss Federal Council appointed him an
Alternate Member of the Governing Board. In this function, he headed the
Financial Markets area in Department III (Money Market and Foreign
Exchange, Asset Management, Risk Management and Financial Market
Analysis). Effective May 2007, he was appointed Member of the Governing
Board by the Federal Council. At the same time, he became Head of
Department III (Financial Markets, Banking Operations and Information
Technology). With effect from the beginning of 2010, the Federal Council
appointed him Vice-Chairman of the Governing Board and he took over
management of Department II in Berne (Financial Stability, Cash, Finance
and Risk). On 18 April 2012, Thomas J. Jordan was appointed Chairman of
the Governing Board by the Federal Council with immediate effect and
thereby also Head of Department I in Zurich (Economic Affairs,
International Monetary Cooperation, Legal and Property Services,
Secretariat General).Thomas J. Jordan is
Chairman of the Board of Directors of the SNB’s ‘StabFund’, the
stabilisation fund, and Chairman of the G10 Central Bank Counterfeit
Deterrence Group (CBCDG). He is also a member of the Board of Directors
of the Bank for International Settlements (BIS) in Basel and the
Steering Committee of the Financial Stability Board (FSB) as well as
Chairman of the International Center for Monetary and Banking Studies
(ICMB) in Geneva. He has published numerous articles on monetary theory
and policy in leading international journals.
Thomas J. Jordan is married with two sons.
Our Hero, Ben Bernanke: Why Central Bankers (Not Politicians) Are Saving the Global Economy
By3 From the U.S. to Europe, the stewards of monetary policy are tending to the financial system with greater nimbleness, creativity and maturity than their political counterparts or any other societal actor
Reuters
The Federal Reserve just announced
a new round of measures designed to keep the money flowing. Central
bankers -- not to be confused with the heads of private banks that have
received so much opprobrium for their role in the financial crises of
the past years - are not noted for their charisma or their communication
skills, but their role in shaping today's world, shadowy at times,
could hardly be greater. The question is: Are they helping or harming? Almost exactly a year ago, on the night of Nov. 30, 2011, the world's
central bankers acted swiftly to stave off yet another near-collapse of
the global financial system. In the weeks before, equity markets had
sold off hard as the eurozone continued to simmer, but that was a mere
warning. The real crisis was soaring costs of borrowing for Italy and
Spain combined with a nearly complete halt of lending between banks.
That too had been the critical moment in the fall of 2008 -- once banks
stop lending to one another, there is only so much cash on hand. Once
depleted, that's it. No checks cleared, no money at ATMs, nada. You can
easily imagine what happens then.The actions the bankers took in the dark of night were relatively
simple: They told the world's banks that they would be able to go to
each central bank and get funds. That may not seem like much, but in the
world of finance, it was enough, and it was everything.Over the past four years of financial crisis, central bankers worldwide have been the only true stewards of international stability. In a world where finance has supplanted the military as security's prime guarantor and threat, central bankers are like generals: They guard and they protect. Of course, also like generals, they can and certainly have failed spectacularly in the past, with unenviable consequences.Today they are not failing. They are tending to the financial system with greater nimbleness, creativity and maturity than their political counterparts or any other societal actor.If you read that statement and react with incredulity, sputtering "wait a minute, inept central banks have been flooding the world with money, creating a massive debt bubble, kicking the can down the road and setting us up for unbearable years of inflation and depression in the years to come," well, take a number.Bankers may be the stewards, but they are doing a lousy job convincing people of it. Multiple excoriating critics see in today's Ben Bernanke, Mario Draghi, Mervin King and their counterparts in Japan, China, India and elsewhere the same blinkered crew who mishandled the financial system in the 1920s and helped bring on the Great Depression. Long-time Wall Street watcher Brian Wesbury summed it up well when he said ahead of yesterday's Federal Reserve announcement about continued measures to provide funds, "I wish the Fed would just go away." That was more polite than many others, who dismiss the Fed, the European banks, and indeed all bankers in words often unprintable. As Jim Rogers, the maverick, motorcycle-riding, Singapore-based commodity king once told me, "Ben Bernanke couldn't manage a corner lemonade stand let alone the U.S. financial system."Much of the verdict will depend on the future. If over time the global system establishes a new equilibrium of lower growth and less debt in the developed world, juxtaposed with higher growth and less savings in the developing world, then the actions of today's central banks will be lauded and seen as a key element in making that transition possible. If, however, we are simply in a lull of a multi-year crisis that will get substantially worse before it gets significantly better, then today's banks will be seen not as stewards but as successors to the same crowd that abetted the Depression and mismanaged inflation in the 1970s.Given that none of us know the outcomes here, current views are dictated by ideology. If you think fiat currency and excessive debt have become detached from organic economic growth and that bankers are, as some critics have claimed, dealing heroin to sovereign addicts, you're unlikely to consider them anything but fools and knaves. But the other perspective is just as credible. In a world where mature leadership is lacking in legislatures around the world, the bankers are proving to be giants among pygmies.Think of the so-called fiscal cliff negotiations: Imagine a conclave of Republicans, Democrats, the president, economists, labor and business leaders having a series of summits about the long-term challenges of revenue versus expenses versus demands placed on governments and societal needs. Imagine seriously different viewpoints subsumed under the general umbrella of "we must create solutions and we are entrusted by the people to do so." Imagine a similar guiding principle animating the leaders of the European Union when they meet for their leader's summits. Well, imagining that is just about as starry-eyed idealistic as a John Lennon song.Yet, that is precisely what the world's central bankers tend to do. As this recent report in the Wall Street Journal showed, they have been engaged in nearly constant dialogue and debate over the past years with one guiding principle: Keep the financial system intact and functional, especially given the paucity of clear and consistent responses coming from elected governments. Mario Monti's technocrat government in Italy, soon to end, was the closest thing to economic stewardship that we've seen of late in actual governments. And now he's retiring.Unlike some elected officials, central bankers have also been keenly aware that whatever they do is bounded and limited. They also seem to be much less ideological about solutions than either their own predecessors or today's political parties. The critique of the bankers of the 1920s was that they were more wedded to economic orthodoxies about how the world should work than economic policies to help the world actually work. The same can be said of political parties today. Opposition to raising taxes, sharing economic burdens, and tackling labor market or social spending issues ends not in problem-solving but ideological rigidity.The bankers, in short, are doing what everyone in a position of influence should do: attempting within the limits of their abilities to provide for the common good. Yes, they are guilty, Bernanke included, of technocratic arrogance at times, with an alarming certainty that they know how to manipulate the levers of finance. The future may prove today's critics correct. Until then, those critics are but one voice, no matter how loud, passionate and angry. In the past four years, central bankers have been less arrogant than creative, and they have tried to craft answers to intractable questions. For the moment, at least, they have kept the dogs of anarchy at bay. A modest achievement, perhaps, but one we'd all like to surpass."The Edgy Optimist" column is initially published at Reuters.com, an Atlantic partner site
Fed’s New Money Printing Scheme Will Ensure Long-term Unemployment
Kurt NimmoInfowars.com
December 12, 2012-HELICOPTER BEN BERNANKE-FLYING HIS HERO CASH TO BANKS.
Citing
fictitious unemployment numbers, Federal Reserve boss Ben Bernanke
announced today that the Fed will spend $45 billion a month to “sustain
an aggressive drive” to force long-term interest rates to zero and keep
them there “until unemployment drops below 6.5 percent.”The Fed said it will direct the money into long-term Treasurys to replace an expiring bond-purchase program known as Operation Twist and further increase its “investment portfolio,” now reaching a whopping $3 trillion.Bernanke and the Fed cited cooked numbers that claim unemployment in the United States fell to 7.7 percent in November.In fact, as John Williams’ Shadow Government Statistics website demonstrates, the real unemployment rate is 22.9 percent.In order to trick the public into believing things are better than they actually are, the Fed and the government do not include unemployed members of the workforce who are not actively looking for work or workers with part-time jobs who are seeking full-time employment.
Despite the government claim that unemployment fell in November, a recent Gallup poll shows that it increased significantly from October to November. “Underemployment, as measured without seasonal adjustment, was 17.2% in November, a 1.3-point increase since the end of October,” Gallup reports. “The uptick in November also puts an end to the six-month trend of improvements or no change.”
The Federal Reserve announcement means interest rates will remain near zero for the foreseeable future.
Economists, including former Secretary of Labor Robert Reich, predict unemployment will stay high for at least a decade.Economist David Levy, chairman of the Jerome Levy Forecasting Center, said at the outset of the recession the country faces a new era of chronically high unemployment. The United States will confront “the mother of all jobless recoveries” in the years ahead, economic historian John Steel Gordon said at the time.As Rep. Ron Paul has noted, near zero interest rates fueled the 2008 recession and have proloned it today.The Federal Reserve’s “manipulation of interest rates – essentially price setting – can only ever have destructive effects on the American economy,” Paul told the House’s Domestic Monetary Policy and Technology Subcommittee in September. “Artificially low interest rates continue to cause malinvestment and misallocation of resources throughout the economy. Savers and investors suffer from negative real interest rates, while the federal government takes advantage of the Fed’s zero interest rate policy to run up gargantuan fiscal deficits. These problems cannot and will not be remedied until the Fed stops manipulating the price of money.”
Family of man killed in Belize says McAfee should be questioned
By Zachary Fagenson and Barbara Liston | Reuters – 13 hrs ago DEC 14,12
MIAMI BEACH/ORLANDO, Florida (Reuters) - U.S. software pioneer John McAfee signed autographs and posed for photos in Miami Beach
on Thursday while the family of his murdered neighbor questioned why
the eccentric millionaire would not answer police questions about the
killing in Belize.McAfee, 67, went into hiding after his American neighbor Gregory Faull
was fatally shot in November in the Central American country. He made
his way secretly to Guatemala but the authorities there deported him to Miami on Wednesday."I'm shocked by this ... he's running around footloose and fancy-free in Miami. How in the world can that be?" William Keeney, Faull's stepfather, told Reuters on Thursday.He said he would like to see restrictions placed on
McAfee to prevent him from disappearing again and that he hoped Belize
police would question McAfee in Miami."Why in the world is John McAfee working so hard not to
meet with those people in Belize that are charged with the job of
solving this crime. Why won't he cooperate?" Keeney said.
Police in Belize want to question McAfee as a "person of interest" in Faull's killing but authorities there say he is not a prime suspect. McAfee said he barely knew Faull and had "absolutely nothing" to do with his death.
Belize police say their country's extradition treaty with the United States extends only to suspected criminals, a designation that does not apply to McAfee.Speaking on Thursday outside a Miami Beach oceanfront hotel where he spent the night, McAfee said he had been awakened and rousted from bed in his jail cell in Guatemala."They said get dressed you're leaving ... I was put on a plane and the next thing I know I'm here in Miami," McAfee told an impromptu news conference on the steps of the hotel. "There is no one here after me trying to shoot me. I'm very happy being here."He said he had been forced to leave behind his girlfriend and would wait in Miami until she received a U.S. visa.McAfee, an eccentric tech pioneer, made a fortune from the anti-virus software bearing his name and had lived in Belize for four years.He said police in Belize were persecuting him because he refused to pay $2 million in bribes, and that the extortion attempt occurred after armed soldiers shot his dog, smashed up his property and falsely accused him of running a methamphetamine laboratory."I wouldn't know how to make meth," McAfee said. "First of all in Belize the Zetas (Mexican drug gang) run that trade."He added, "The margin in selling meth can't be as good as the margin in selling software."McAfee said he was treated kindly in Guatemala, where he was jailed for a week for entering the country illegally. He said Guatemala had deported him "due to political necessity" because it did not want to jeopardize a pending treaty resolving a long-running land dispute with Belize.
DENIES QUESTIONING BY IRS
McAfee also denied a local media report that Internal Revenue Service agents had questioned him upon his arrival at the Miami airport."I am not stupid enough to not pay taxes ... because you can't escape them. I can escape from Belize, you can't get away from the IRS," he said.Keeney, the murdered man's stepfather, said he and Faull's mother, Eileen Keeney, spent 10 days with their son at his Caribbean vacation home on the Belize island of Ambergris Caye where McAfee and Faull were neighbors, leaving two days before the murder.Keeney said Faull, a 52-year-old construction contractor who owned a sports bar on the campus of the University of Central Florida in Orlando, seemed very relaxed and never mentioned any troubles or mentioned McAfee at all."We walked by his place maybe a half a dozen times or more ... and I never knew who lived there," Keeney said.Eileen Keeney said she is "barely" holding up after the death of her son.
"It has been very rough. I'll do fine, and then a memory will hit me and it just devastates me," she said.
McAfee has offered a $25,000 reward for information leading to the arrest and conviction of Faull's killer. A spokesman for the Keeneys called that "a hollow gesture" and said if McAfee really wants to solve the murder he would meet with the Belize police and answer their questions.(Editing by Jane Sutton and Mohammad Zargham) THE FULL MCAFEE INNOCENT OR GUILTY JOURNEY http://www.whoismcafee.com/
Police in Belize want to question McAfee as a "person of interest" in Faull's killing but authorities there say he is not a prime suspect. McAfee said he barely knew Faull and had "absolutely nothing" to do with his death.
Belize police say their country's extradition treaty with the United States extends only to suspected criminals, a designation that does not apply to McAfee.Speaking on Thursday outside a Miami Beach oceanfront hotel where he spent the night, McAfee said he had been awakened and rousted from bed in his jail cell in Guatemala."They said get dressed you're leaving ... I was put on a plane and the next thing I know I'm here in Miami," McAfee told an impromptu news conference on the steps of the hotel. "There is no one here after me trying to shoot me. I'm very happy being here."He said he had been forced to leave behind his girlfriend and would wait in Miami until she received a U.S. visa.McAfee, an eccentric tech pioneer, made a fortune from the anti-virus software bearing his name and had lived in Belize for four years.He said police in Belize were persecuting him because he refused to pay $2 million in bribes, and that the extortion attempt occurred after armed soldiers shot his dog, smashed up his property and falsely accused him of running a methamphetamine laboratory."I wouldn't know how to make meth," McAfee said. "First of all in Belize the Zetas (Mexican drug gang) run that trade."He added, "The margin in selling meth can't be as good as the margin in selling software."McAfee said he was treated kindly in Guatemala, where he was jailed for a week for entering the country illegally. He said Guatemala had deported him "due to political necessity" because it did not want to jeopardize a pending treaty resolving a long-running land dispute with Belize.
DENIES QUESTIONING BY IRS
McAfee also denied a local media report that Internal Revenue Service agents had questioned him upon his arrival at the Miami airport."I am not stupid enough to not pay taxes ... because you can't escape them. I can escape from Belize, you can't get away from the IRS," he said.Keeney, the murdered man's stepfather, said he and Faull's mother, Eileen Keeney, spent 10 days with their son at his Caribbean vacation home on the Belize island of Ambergris Caye where McAfee and Faull were neighbors, leaving two days before the murder.Keeney said Faull, a 52-year-old construction contractor who owned a sports bar on the campus of the University of Central Florida in Orlando, seemed very relaxed and never mentioned any troubles or mentioned McAfee at all."We walked by his place maybe a half a dozen times or more ... and I never knew who lived there," Keeney said.Eileen Keeney said she is "barely" holding up after the death of her son.
"It has been very rough. I'll do fine, and then a memory will hit me and it just devastates me," she said.
McAfee has offered a $25,000 reward for information leading to the arrest and conviction of Faull's killer. A spokesman for the Keeneys called that "a hollow gesture" and said if McAfee really wants to solve the murder he would meet with the Belize police and answer their questions.(Editing by Jane Sutton and Mohammad Zargham) THE FULL MCAFEE INNOCENT OR GUILTY JOURNEY http://www.whoismcafee.com/
