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Bond Losses at Federal Reserve Top $192 Billion In 3 Months

“Granted, the Bernanke & Co. does not value its massive bond portfolio on a mark-to-market basis. But the surge in interest rates has already erased almost $200 billion in the Federal Reserve’s capital. But that’s not all. If interest rates continue to head higher, the value of the Fed’s liquid assets that it could sell would decline and further undermine its capital cushion. And if the velocity of rate increases intensifies, the Fed, with only $62 billion in capital, could see its entire capital base completely wiped out. This could have a serious domino effect. It could paralyze the Fed’s ability to defend the dollar’s purchasing power.” Continue reading →

NEW Spying Scandal — Is This One the Last Straw?

“The DEA unit responsible for this program is a secret organization. It cannot be investigated by defense attorneys or called into court. Even the location of the Special Operations Division is classified. Now Your so-called ‘representatives’ promised you that the NSA only spies on those associated with foreign terrorists. They’ve insisted that there is no domestic aspect to this spying. You now know this to be untrue. It’s just one more lie. So let me ask you … When will enough be enough ? At what point does our so-called government cease to be legitimate? At what point do we declare it to be a criminal entity?” Continue reading →

Bad Day for Beltway Liberalism: August 5, 2013

“The reporters who work for the Post are in the wrong profession. Their peers in Boston could do nothing. They sat their until most were fired, one by one. They will suffer the same fate. The industry is a buggy whip. The industry was liberalism’s trifecta: newspapers, television networks, and the school system. Two are bleeding red ink. The third soon will be, as online education enables students to live at home, take courses online, graduate with accredited degrees, and pay $15,000 in tuition, total. A widely accepted estimate is that half of all American universities will go under over the next five decades.” Continue reading →

Meet Tian Yu: The woman who nearly killed herself making your iPad

“Tian Yu worked more than 12 hours a day, six days a week. She had to skip meals to do overtime. Then she threw herself from a fourth-floor window. Without its No 1 supplier, the Cupertino giant’s current riches would be unimaginable: in 2010, Longhua employees made 137,000 iPhones a day, or around 90 a minute. That same year, 18 workers – none older than 25 – attempted suicide at Foxconn facilities. Fourteen died. Tian Yu was one of the lucky ones: emerging from a 12-day coma, she was left with fractures to her spine and hips and paralysed from the waist down. She was 17.” Continue reading →

Nazi gold and currency wars – A full guide

“Nazi gold is a phrase that refers to the bullion looted by the Nazis in the run up to and during the Second World War. Gold clearly plays a strong role in history and features as both a political and economic weapon during the Wars of the 20th Century. Upon invasion Nazis would loot a country’s gold reserves, along with other valuable assets, and promptly work to devalue the sovereign currency. This pillage of the financial system is not well known but it served effectively as a weapon in their campaign to take-down whole nations. The Nazis consolidated their power by holding gold whilst their victims were consigned to weak paper currencies.” Continue reading →

Japan calls on U.S. to suspend military chopper operations in Okinawa

“Japan’s prime minister on Tuesday called on the US military to suspend helicopter operations in the country’s southern Okinawa island chain after a fatal crash. An American HH-60 helicopter with four personnel on board crashed at the Camp Hansen Marine base on Monday. The base is located on Okinawa, which is home to tens of thousands of US military personnel, with the latest incident stoking renewed concerns among many residents about the vast American presence there. Okinawans have mounted protests against both the US military and its deployment of the controversial Osprey aircraft on the island.” Continue reading →

Jacob Hornberger: More Judicial Deference on National-Security State Murder

“Continuing the long tradition of deference to the national-security state by the U.S. federal judiciary, a federal judge recently dismissed a lawsuit by the sons of a man named Frank Olson seeking damages for the CIA’s murder of their father. The excuses that the judge used to dismiss the case were the statute of limitations and a previous settlement that had been entered into regarding the case. The CIA confessed to its LSD experiment on Olson, but the confession, along with all the remorse and regret, were nothing more than a highly sophisticated way to cover up the fact that the CIA had actually murdered Olson by pushing him out of that high-rise New York City hotel room.” Continue reading →

Court sides with lovers of boobies: School cannot ban breast cancer awareness bracelets

“A full U.S. appeals court ruled Monday that a Pennsylvania school district could not ban ‘I (heart) Boobies!’ bracelets under the First Amendment. With help from the American Civil Liberties Union, two middle schoolers filed a free-speech lawsuit against the Easton Area School District in 2010 after being suspended for wearing the breast cancer awareness bracelets on the school’s Breast Cancer Awareness Day. School officials said the ‘I (heart) Boobies!’ slogan was lewd and distracted students. The school district also argued the bracelets violated the Title IX right to be free from sexual harassment.” Continue reading →