"In the 1970s, a strange psychological phenomenon was identified: in traumatic abduction situations, a certain percentage of the population is prone to falling in love with their abductors. But if we are living in a societal prison of the mind, then are there those who have fallen in love with their mental jailers? Find out more about societal Stockholm syndrome in this week's edition of The Corbett Report." Continue reading →
"Zero Hedge is publishing information from a tipster who explained how easy it was to get information into traders about the Fed monetary policy statement before it was officially released. This really sounds very similar to what happened at the BLS in the old days (the 1980s). I outlined how that went down, here. We are talking about big time money here, people made millions on the leaked information. They will also be tough to catch, especially if they used throw away phones. If no direct connection can be made between a leaker and a trader, then all a trader has to do is stick to his story that he bought on some kind of technical trading activity and who will be able to prove otherwise?" Continue reading →
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"An identity theft service that sells Social Security numbers, birth records, credit and background reports on millions of Americans has infiltrated computers at some of America’s largest consumer and business data aggregators, according to a seven-month investigation by KrebsOnSecurity. All three victim companies said they are working with federal authorities and third-party forensics firms in the early stages of determining how far the breaches extend, and whether indeed any sensitive information was accessed and exfiltrated from their networks. The intrusions raise major questions about how these compromises may have aided identity thieves." Continue reading →
"Like any addict, the Fed is promising that they can quit at any time, but this month they refused to even start tapering their money printing a little bit. The behavior of the Fed is so shameful that even CNBC is comparing it to a drug addict at this point. Sadly, what very few people seem to understand is that what the Fed is doing is going to absolutely destroy confidence in our currency and in our financial system in the long-term. Yeah, many investors have been raking in huge gobs of cash right now, but in the long run this is going to be bad for everybody. We have now entered a money printing spiral from which there is no easy exit." Continue reading →
"We are beginning to see a coordinated media celebration of the Federal Reserve System. This is in preparation for the 100th anniversary of its creation just before the Christmas holidays in 1913, when the bill was passed by a handful of Senators and signed into law within two hours by President Wilson. The Establishment media’s objective with this media blitz is clear: to praise the FED’s independence from the federal government, despite the fact that it possesses federal sovereignty. No other organization possesses federal sovereignty, yet is beyond federal control. It is unique in this respect." Continue reading →
"With the 100th birthday celebration of the FED coming in late December, the media have begun serving as the FED’s 'Amen corner.' This Associated Press article on Janet Yellen is typical. Her main qualification is said to be her independence of the President. Is she liberal? Yes. Is she a dove on inflation? Yes. No matter. No other institution of our government gets a free ride the way the Board of Governors of the FED does. No other agency with its URL ending in .gov has such autonomy. No, not even the CIA. The CIA still must be funded by Congress. The FED funds Congress." Continue reading →
"No Establishment author comes out and says this: 'The Federal Reserve System possesses complete federal sovereignty, yet is beyond the power of any branch of government. It is legally more independent than the CIA. This is a great thing. Democracy has its limits, and should not be defended as a universally legitimate system of government.' This is in fact what the entire American Establishment believes, but never, ever says in public. The Establishment says 'independent,' not 'anti-democratic.' They figure that the rubes — voters — will not catch on. They assume correctly." Continue reading →
"A senior lobbyist at a medical association informs EconomicPolicyJournal.com that 'the SHOP exchange for small businesses to purchase insurance for their employees will require employers to sign up using paper forms. The ability to sign up using an electronic or web-based form will not likely be ready until January 2014 at best. The industry was informed of this limitation one week ago.' EPJ's source also says that WaPo has it right when quoting Joel Ario, the former Director of Center for Consumer Information and Insurance Oversight, 'nobody is going to say we’re not starting on October 1, but in some situations, you may see a redefinition of what ‘start’ means.'" Continue reading →
"A case in point is the Dodd-Frank Act. Wall Street was officially horrified by this law, which officially sought to end some of the practices that led to the financial collapse and big bailouts of leading U.S. investment firms in 2008-2009. But buried in the bowels of this 2,319-page law was a provision targeted squarely at 'foreign investment managers.' Simply put, the new rule forced every foreign bank, brokerage, or financial advisor with 15 more U.S. clients to register with the Securities & Exchange Commission. One Swiss-based investment manager who went through the process told me he spent more than $100,000 in legal fees to do it – not to mention hundreds of hours." Continue reading →