(Robert Sinn) “When the economic data and financial markets soften the Fed strikes a more dovish tone, and as we saw yesterday when things improve the Fed Chairman does not mention the idea of additional stimulus and acknowledges the potential for a short term spike in inflation due to higher gasoline prices.”

Bernanke says, “Since these projections were made, gasoline prices have moved up, primarily reflecting higher global oil prices – a development that is likely to push up inflation temporarily while reducing consumers’ purchasing power.” And despite the fact that Bernanke didn’t mention “quantitative” once — here or anywhere else in his testimony — the media was quick to hype the Fed’s mere acknowledgement of “potential inflation” as a change in stance.

Full Story: Bernanke’s Poker Game (RobertSinn)

However, the majority of the mass media conveniently overlooked the real story of the day…

(WSJ) “The European Central Bank handed out €529.5 billion ($712.81 billion) in cheap, three-year loans to 800 lenders, the central bank’s latest effort to arrest a financial crisis now entering its third year.

Wednesday’s loans were on top of the €489.2 billion of similar loans the ECB dispensed to 523 banks in late December. The ECB’s goal is to help struggling banks pay off maturing debts and to coax them to lend to strained governments and customers. The takeup of this week’s loans was roughly consistent with what bankers, investors and analysts had expected.”

Full Story: ECB Gives Banks Big Dollop of Cash (WSJ)

WOW! So the same day Bernanke is noticing some possible inflation, most news sources completely overlooked one of the greatest liquidity injections ever on the very same day… And in hyping up the wrong story to “help” cover it all up, the media also gave these same banks the opportunity to park their free cash right back into the stock markets at a short-lived “NO QE3″ discount.

(Jim Sinclair) “Because of the volatility you experienced in gold today, and the absolute fact that it was an MSM cover operation of today’s covert operation, which was one of the largest injections of QE liquidity into the Euro banking system ever, you must know the facts.”

“If, in fact, what Bernanke attempted to tell the investment world today, that QE may not be necessary because of a modest improvement in the statistics of unemployment, if that was truly to be believed, then the stock market should have been off 800 points while gold was gold was down $100.  Because the same thing moving the stock market is what’s moving the metals and that is pure liquidity.”

Full Story: Today was a Cover-Up By the Fed & Mainstream Media (JimSinclair)

So for those of you worried about an end to quantitative easing, alleviate your fears. QE and cheap easy money for the well-connected kleptocrats is alive and well and not likely to end all that soon…

Perhaps the most frightening part of this 2006 video is that not one of these police officers objected to shooting rubber bullets at an unarmed woman’s head and laughing about it. Or if any of them did, they certainly did not feel comfortable enough to go against the majority of their fellow officers and make a point of it… And, just like my recent 2011 pre-Thanksgiving Day parade incident, I’m experiencing, hearing, and seeing more stories than ever of such treatment that don’t even involve protests or rallies (and that doesn’t even consider all the frightening TSA-abuse stories – against children no less!). It’s more about control and demoralizing compliance.

When an army goes to war, the command generally always comes up with some derogatory term to address the enemy, as it’s much easier to rape, demean, and/or kill people when you’re referring to them as “Gooks” or “Cockroaches”.

“In Rwanda they referred to Tutsis as cockroaches,” explains Omaar. “They were not human beings. This is very important to understand, very close parallels to what happened in Hitler’s Germany. ‘Don’t worry, you’re not killing humans like you. You are killing some vermin that belongs under your shoe. You’re killing cockroaches.‘ – The Few Who Stayed – Defying Genocide in Rwanda (AmericanRadioWorks)

(NYTimes) “They called people ‘animals’ and ‘savages.’ One comment said, ‘Drop a bomb and wipe them all out.‘ .. Hearing New York police officers speak publicly but candidly about one another and the people they police is rare indeed, especially with their names attached. But for a few days in September, a raw and rude conversation among officers was on Facebook for the world to see — until it vanished for unknown reasons.” – N.Y.C. Police Maligned Paradegoers on Facebook (NYTimes)

(WashingtonsBlog) “Journalists from across the spectrum have documented the militarization of police forces in the United States, including, CNN, Huffington Post, the Cato Institute, Forbes, the New York Times, Daily Kos, Esquire, The Atlantic, Salon and many others. Many police departments laugh at and harass Americans who exercise their right to free speech. Indeed – especially since police brutality against protesters has been so blatant in recent months, while no top bank executives have been prosecuted – many Americans believe that the police are protecting the bankers whose fraud brought down the economy instead of the American people.”

“Most assume that the militarization of police started after 9/11. Certainly, Dick Cheney initiated Continuity of Government Plans on September 11th that ended America’s constitutional form of government (at least for some undetermined period of time.) On that same day, a national state of emergency was declared … and that state of emergency has continuously been in effect up to today. But the militarization of police actually started long before 9/11… in the 1980s.”

“SWAT teams were originally designed to be used in violent, emergency situations like hostage takings, acts of terrorism, or bank robberies. From the late 1960s to the early 1980s, that’s primarily how they were used, and they performed marvelously. .. But beginning in the early 1980s, they’ve been increasingly used for routine warrant service in drug cases and other nonviolent crimes. And thanks to the Pentagon transfer programs, there are now a lot more of them.”

“After 9/11 the government drew up the Patriot Act within 20 days and it was passed. The Patriot Act is huge and I remember someone asking a Justice Department official how did they write such a large statute so quickly, and of course the answer was that it has been sitting in the drawers of the Justice Department for the last 20 years waiting for the event where they would pull it out.”

“The militarization of police forces throughout the United States cannot be taken in a vacuum, but is part of the ongoing drift towards a police state. The government has said for years that American citizens on U.S. soil may be targets in the war on terror, and is using anti-terrorism laws to crush dissent.

Indeed, you can be labeled as or suspected of being a terrorist simply for questioning war, protesting anything, asking questions about pollution or about Wall Street shenanigans, supporting Ron Paul, being a libertarian, holding gold, or stocking up on more than 7 days of food. Government agencies such as FEMA are allegedly teaching that the Founding Fathers should be considered terrorists. So perhaps that means that any people who like American values are ‘terrorist sympathizers’. ”

Full Story: The Militarization of American Police – and Shredding of Our Constitutional Rights – Started At Least 30 Years Ago (WashingtonsBlog)

(WashingtonsBlog) “Obama Wants to Veto the Indefinite Detention Bill Because It Would Hold the U.S. to the Geneva Convention” – The Real Reason for Obama’s Threat to Veto the Indefinite Detention Bill (Hint: It’s Not to Protect Liberty)

CBS News’ Steve Kroft reports that members of Congress can legally trade stock based on non-public information from Capitol Hill.  We’ve already discussed this type of corruption in the past, and it’s great to see the issue receive so much more widespread publicity…  You also see by Nancy Pelosi’s attitude how a two-tiered “Rule of Law” is practically considered a “congressional entitlement” at this point.  Hint to OccupyWallStreet protesters, HERE IS YOUR REAL ONE PERCENT!!! (actually, more like the truly thieving and conniving .1% who want you to grant them even more money and power)

(CBS) “The buying and selling of stock by corporate insiders who have access to non-public information that could affect the stock price can be a criminal offense, just ask hedge fund manager Raj Rajaratnam who recently got 11 years in prison for doing it. But, congressional lawmakers have no corporate responsibilities and have long been considered exempt from insider trading laws, even though they have daily access to non-public information and plenty of opportunities to trade on it.”

“So in 2004, Baird and Congresswoman Louise Slaughter introduced the STOCK Act  which would make it illegal for members of Congress to trade stocks on non-public information and require them to report their stock trades every 90 days instead of once a year. .. Kroft: How far did you get with this? Baird: We didn’t get anywhere. Just flat died. Went nowhere. Kroft: How many cosponsors did you get? Baird: I think we got six. Kroft: Six doesn’t sound like a very big amount. Baird: It’s not, Steve. You– you could have– ‘National Cherry Pie Week’ and get 100 cosponsors. When Baird finally managed to get a congressional hearing on the STOCK Act, almost no one showed up. It’s reintroduced every session, but is buried so deep in the Capitol we had trouble finding congressmen who had even heard of it.”

“And former House Speaker Nancy Pelosi and her husband have participated in at least eight IPOs. One of those came in 2008, from Visa, just as a troublesome piece of legislation that would have hurt credit card companies, began making its way through the House. Undisturbed by a potential conflict of interest the Pelosis purchased 5,000 shares of Visa at the initial price of $44 dollars. Two days later it was trading at $64. The credit card legislation never made it to the floor of the House.”

“In the past few years a whole new totally unregulated, $100 million dollar industry has grown up in Washington called political intelligence. It employs former congressmen and former staffers to scour the halls of the Capitol gathering valuable non-public information then selling it to hedge funds and traders on Wall Street who can trade on it.”

]]> http://www.vlogolution.com/hot/2011-11-15-congressional-insider-trading-scam-our-rule-of-law-doesnt-apply-to-the-1-who-run-the-government-and-the-country/feed/ 0 http://www.vlogolution.com/hot/2011-10-27-occupy-wall-street-peter-schiff-debates-cronyism-and-socialism-versus-capitalism/ http://www.vlogolution.com/hot/2011-10-27-occupy-wall-street-peter-schiff-debates-cronyism-and-socialism-versus-capitalism/#comments Fri, 28 Oct 2011 01:44:41 +0000 http://www.vlogolution.com/hot/?p=1340

Last week, Reason.tv followed Peter Schiff, prinicipal of the financial firm Euro Pacific Capital, around Occupy Wall Street protesters in Manhattan’s Zuccotti Park as he attempted to debate the the difference between capitalism and cronyism, and how socialism (and communism) only serve to promote more cronyism.

(Reason.TV) “Touring the Occupy Wall Street scene in New York with a sign that read ‘I Am the 1%, Let’s Talk,’ Schiff spent more than three hours on the scene, explaining the difference between cronyism and capitalism, bailouts and balance sheets, and more.  ‘The regulation we want is the market,’ said Schiff. ‘That’s what works.’ Schiff describes himself as ‘sympathetic’ to the plight of the OWS protesters, but thinks their anger is misdirected at legitimate business interests and should be better at the White House, Congress, the Federal Reserve, and the crony capitalists they’ve bailed out.”

It’s sad and disheartening to watch people arguing with him, while blind to the fact that he’s on their side and generally agrees with most of their grievances, but not with their solutions.  Granted, there are also many Ron Paul, “Tea Party”, and sound money-types in the crowd as well, who do likely already better understand these points.  As such, these debates can only serve to bring them closer together against the true common enemies of the people.

Schiff debates a few people who correctly make the point that “Wall Street” TBTF (Too Big To Fail) firms must get their hands out of politics, and shouldn’t be allowed to control and manipulate the government. At the same time, they want to raise taxes and give even more money, power, and control to the government. Somehow they simply don’t make the connection that the same manipulative controlling “rich” people they despise most of all are the greatest benefactors of their rage and “wealth redistribution” agenda. These “elites” are laughing all the way back to the bank while directing the bought-and-paid-for police, judges, politicians, and prosecutors to do their bidding.  Who do OWS protesters think controls the policemen firing flash grenades at their heads (who then deny doing it despite the events being captured on video from a dozen different angles)?  And if the Almighty Obama himself couldn’t even bring the “Change” they were looking for, then who got all those $$trillions?  Must be the same people Obama blamed for “blocking progress”…  Maybe had he thrown all the bankers in jail where they belong, they’d have a harder time at it.

Schiff believes that capitalism is the only hope for young, frustrated people to have a vibrant and prosperous future.  So he went to Occupy Wall Street to engage and debate the protesters, and to help them better understand these key differences.