Archive
Europe Does It Again: Cyprus Depositor Haircut “Bailout” Turns Into Saver “Panic”, Frozen Assets, Bank Runs, Broken ATMs | Zero Hedge & Ann Barnhardt
… Congratulations Cyprus savers – you were just betrayed by both your politicians, and by Europe – sorry, but you are the “creeping impairments” in the game known as European bankruptcy. And so is anywhere between 6.75% and 9.9% of your money, which you were foolish enough to keep with your banks (where at least you were compensated with a savings yield of… 0%).
More importantly, as of this morning Europe has finally grasped that there is a 6.75% to 9.9% premium to holding physical cash in your mattress rather than having it stored with your local friendly insolvent bank.
Luckily Cyprus is so “small” what just happened there will never happen anywhere else: after all in Europe nobody has ever heard of “setting an example”. Or so the thinking among Europe’s unthinking political elite goes.
And congratulations Europe: just when people almost believed you things are “fixed” you go ahead and prove to the world that you are as dis-unified (because size doesn’t matter in a true union), as confused, as stupid and as broke as ever…via …Saver “Panic”, Frozen Assets, Bank Runs, Broken ATMs | Zero Hedge.
Responding to this ZerHedge article, Ann Barnhardt posted this:
Finance: The Cypriot Confiscation is Terrifying. Posted by Ann Barnhardt – March 16, AD 2013 9:27 PM MSTYes, it is every bit as bad as it sounds, and worse. Word is that the initial plan was for a 40% (!!!!) levy confiscation of Cypriot bank accounts. They settled for a MERE 6.75% and 9.9% dual-layered compromise.
Yeah, you all need to do what I have been doing for the last several months and live within spitting distance of being overdrawn in your bank accounts. In other words, keep the BARE MINIMUM in the bank and feed your account just enough to cover the bills. As soon as money comes in, get it the heck out of there.
Looks like the IRS may prove to be the least of my worries with regards to levying bank accounts!
This has the potential to spark bank runs in other Southern European nations MERELY BECAUSE OF THE FACT THAT IT ACTUALLY HAS HAPPENED. Pray the Greeks, Italians, Spaniards and Portuguese are all watching talent shows or soccer and don’t notice. But if it does, if you have watched my eight-part economic presentation on YouTube, then you understand that we will blow sky-high as the big banks and their tens of trillions of dollars in repos and reverse repos and credit default swaps, many-to-most of which are written on European sovereign debt, blow.
… UPDATE: I agree with various commentators that this is almost certainly a test-run by Brussels to see what the reaction of the Cypriots is. If no one is hanging from light poles by sunset on Tuesday, they will likely move on to Greece and the other Southern European economies, satisfied that the people have been sufficiently conditioned to roll over. Tiny Cyprus, an ISLAND mind you, makes the perfect test lab.
I anticipate that the light poles will remain undecorated. There is no fight left in the men of former Western Civilization; only indifference punctuated by self-loathing. Say goodnight, Gracie.
Goodnight, Gracie.
Climate Change without Catastrophe: Interview with Anthony Watts | OilPrice.com
Interview by James Stafford of Oil price.com. We couldn’t pin down global warming, exactly, so now it’s re-labelled as climate change, which is an incredibly vague loaded term that no-one fully understands. The difficulty of pinning down this “wicked problem” has produced more uncertainty than ever and rendered the subject the purview of politics that has polarized the public and turned the issue into something reminiscent of the dark ages and conjuring up of weather-focused demons.
Amid these dark ages, the voice of former TV meteorologist and meteorological instrumentation specialist Anthony Watts has become unusually controversial. The knee-jerk reaction of a polarized public has been to place him in one of two climate change camps, and to categorize him as a “denier”. But Watts insists his latent climate change scepticism is pragmatic and based on his experience as a meteorologist and a long process of connecting the scientific dots. His message, he says, is misunderstood, and he best describes himself as “lukewarm” on the issue. He believes that climate change is happening, but that there’s no need for panic. Read more…
What Does It Mean To “Prepare For The Economic Collapse” | Alt-Market
Note: This article was written by Daisy Luther and originally published at The Organic Prepper.
Last week I wrote an article in response to the media’s vilification of preppers in the aftermath of the horrible tragedy in Newtown, Connecticut. The article was quoted in an article on Yahoo.com, to my great astonishment, and that is when I saw how little most people understand about prepping. You can see in most of the 4492 comments the article received that many folks just don’t “get it”.
My inbox was filled with a barrage of hate mail and a number of people felt compelled to leave angry and rather ignorant comments on my website. I got messages from people that called me “batshit crazy”, messages from gun control advocates, messages from people who directly blamed me and all other preppers for the massacre, and even one particularly hate-filled email from a person who said “I hope that your kids are killed at the next school shooting.”All of this leads me to reconfirm my belief that people sincerely do not understand why we do what we do, and that ignorance leads to fear.
People fear what they don’t understand and hate what they can’t conquer. — Andrew Smith…
Why We Fight (A Film By Eugene Jarecki)
hat tip: The Invisible Opportunity: Hidden Truths Revealed blog
Belgium Will Become an Islamic State | Gatestone Institute
…The rise of the Islam Party comes amid a burgeoning Muslim population in the Belgian capital. Muslims now make up one-quarter of the population of Brussels, according to a book recently published by the Catholic University of Leuven, the top Dutch-language university in Belgium.
In real terms, the number of Muslims in Brussels — where half of the number of Muslims in Belgium currently live — has reached 300,000, which means that the self-styled “Capital of Europe” is now the most Islamic city in Europe... via Gatestone Institute.
Chris Duane: Be A Blessing To Your Fellow Man, Not A Burden | Silver For The People
“…Just like we are presented with the illusion of choice every four years, we’re also given various movements that appear to be supporting real change but in reality are supporting the status quo. Therefore, real successionism [sic] starts with the individual… ” via Silver For The People
Israel Conducts Air Strike On Sudan Missile Base In ‘Dry Run’ For Iran Attack | ZeroHedge
This past Wednesday, nobody reported that a squadron of 8 Israeli F-15 jets dropped 4 two-ton bombs on the giant Yarmouk missile factory on the outskirts of Sudan’s capital Khartoum. Which is just as Israel wanted it. Because what otherwise would be a provocative incursion tantamount to war (if only Sudan wasn’t a complete basket case of a country), was really nothing short of a dry-run for an Israeli attack on Iran. At least according to the Sunday Times… via ZeroHedge.
Some Of The Really Bad Things That Could Happen If You Do Not Prepare For The Coming Economic Collapse
… none of our “experts” really know what they are doing, and they are definitely not looking out for our best interests. The blind are leading the blind and we all need to finally admit that the emperor is not wearing any clothes. Unfortunately, most Americans will repeat the mantra of “if that was true I would have heard about it on the news” until it is way too late. Most people are waiting for the “authorities” to tell them what to do instead of thinking for themselves… via SHTFPlan.
and here too:
… Once people understand that the economy has been collapsing and will continue to collapse, then the next step for most of them is that they want to get prepared for the storm that is coming. So where should someone get started? Well, the truth is that no two people are facing the exact same set of circumstances, so preparation is going to look different for each individual. But there are certain core principles that we can all benefit from… via Economic Collapse Blog
Nothing Can Be Done to Avoid Coming World-wide Depression. Here’s Why | MunKNEE
“Governments everywhere are becoming more distressed and desperate as economic realities dominate the political doublespeak. The world is at a dangerous point. Much of what we thought we knew and assumed regarding governmental behavior and economics is beginning to be reassessed. Governments of the world are out of money and out of ideas. The ponzi scam that has been perpetrated for over fifty years is collapsing under its own weight. There are not enough suckers and capital left to sustain the fraud. Let me explain further….” Read more…
URGENT: Obama Will Sign Gun Control / UN Arms Trade Treaty on July 27 2012 | Dick Morris
Last train to Auschwitz | Gerald Celente
Gerald Celente with Greg Hunter, at USA Watchdog July 4, 2012
Iran lawmakers prepare to close Hormuz Strait | RT
Iranian lawmakers have drafted a bill that would close the Strait of Hormuz for oil tankers heading to countries supporting current economic sanctions against the Islamic Republic.
“There is a bill prepared in the National Security and Foreign Policy committee of Parliament that stresses the blocking of oil tanker traffic carrying oil to countries that have sanctioned Iran,” Iranian MP Ibrahim Agha-Mohammadi told reporters. “This bill has been developed as an answer to the European Union’s oil sanctions against the Islamic Republic of Iran. ” via RT
The Nuclear Bible: A false-flag nuclear conspiracy | David Chase Taylor
As readers of this blog may have figured out, I don’t go in much for open-ended-autocorrelative-conspiracy-theories presented as fact. At best these sorts of things are allegations, hypotheses or possibilities. That said, David Chase Taylor deserves to be parroted if for no other reason than for the work he has done in piecing together a hypothesis of false-flag / nuclear terrorism – something I DO believe we are likely to see in the near future. GE.
On February 1, 2011, Julian Assange of Wikileaks revealed to the world via leaked classified diplomatic documents that Al-Qaida was on the brink of using a nuclear bomb and that the West was on the verge of a “Nuclear 9/11″. What the diplomatic documents failed to mention was actual target, date and location of the upcoming nuclear terror attack… go here and bring a cup of coffee and an open mind
Weapons Laws of the Russian Federation | The Volokh Conspiracy
For those of who have been waiting for an English translation of Russia’s arms statutes, your wait is over. Independence Institute intern Margot van Loon is the author of the new Issue Paper, Weapons Laws of the Russian Federation. Here is a synopsis: Read more…
Obama Seeks US Congressional Ratification of UN Global Gun Control Treaty (Int’l Arms Control Treaty – IACT) | Prison Planet
Hillary Clinton, US Secretary of State has announced that the Obama administration is working with the United Nations (UN) to approve, through the US Congress, the Small Arms Treaty (SAT). Read more…
Treaty Threatens Global Government Run by Giant Corporations (TPP – Trans-Pacific Partnership) | Democracy Now
The normally-reserved Yves Smith asks whether Obama should be impeached over it. Democratic Senator Wyden – the head of the committee which is supposed to oversee it – is so furious about the lack of access that he has introduced legislation to force disclosure.
Republican House Oversight Committee Chairman Darrell Issa is so upset by it that he has leaked a document on his website to show what’s going on.
What is everyone so furious about?
An international treaty being negotiated in secret which would not only crack down on Internet privacy much more than SOPA or ACTA, but would actually destroy the sovereignty of the U.S. and all other signatories.
It is called the Trans-Pacific Partnership (TPP). Read more…
Obama War Machine Announces Invasion of Syria | Infowars
CNN reports this afternoon that the Pentagon has finalized plans to attack Syria and forcefully depose its leader, Bashar al-Assad, under the cover of securing weapons of mass destruction and preventing “sectarian violence” it has fomented by supporting and training the Free Syrian Army.
“The U.S. military has completed its own planning for how American troops would conduct a variety of operations against Syria, or to assist neighboring countries in the event action was ordered, officials tell CNN.” … via Infowars
The Late 20th Century Western Lifestyle Isn’t Going To Be Around Much Longer | Mark Steyn / Investors.com
The Eurovision Song Contest doesn’t get a lot of attention in the United States, but on the Continent it’s long been seen as the perfect Euro-metaphor.
Years before the euro came along, it was the prototype pan-European institution, and predicated on the same assumptions. Eurovision took the national cultures that produced Mozart, Vivaldi and Debussy, and in return gave us “Boom-Bang-A-Bang” (winner, 1969), “Ding-Ding-A-Dong” (winner, 1975) and “Diggi-Loo-Diggi-Ley” (winner, 1984).
The euro took the mark, the lira and the franc, and merged them to create the “Boom-Bang-A-Bang” of currencies.
How will it all end? One recalls the 1990 Eurovision finals in Zagreb: “Yugoslavia is very much like an orchestra,” cooed the hostess, Helga Vlahovi?. “The string section and the wood section all sit together.”
Shortly thereafter, the wood section began ethnically cleansing the dressing rooms, while the string section rampaged through the brass section pillaging their instruments and severing their genitals. Indeed, the charming Miss Vlahovic herself was forced into a sudden career shift and spent the next few years as Croatian TV’s head of “war information” programming. Read more…
“The End Game: 2012 And 2013 Will Usher In The End” – The Scariest Presentation Ever? | ZeroHedge

You are here
If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn’t. The founder of Global Macro Investor “previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe… Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes.” It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen….
And we see a lot of those.
Consider this: Read more…
Russia Thinks An Israeli Attack On Iran By The Summer Is ‘Almost Certain’ – Business Insider
WASHINGTON – The Russian military anticipates that an attack will occur on Iran by the summer and has developed an action plan to move Russian troops through neighboring Georgia to stage in Armenia, which borders on the Islamic republic, according to informed Russian sources...via Business Insider.
Israel’s Secret Staging Ground | Foreign Policy
“…The Israelis have bought an airfield,” a senior administration official told me in early February, “and the airfield is called Azerbaijan.…” via Mark Perry | Foreign Policy.
Don’t Tread on Me – a good site
Go there, read, listen, learn, plan and act. GE.
Panetta: International Mandate Trumps Congressional Authorization for Wars | Antiwar.com
It perhaps goes without saying that the Obama Administration considers Congress all but irrelevant to the question of its foreign policy, but speaking today at a House hearing, Defense Secretary Leon Panetta said it anyway. Pressed by Sen. Jeff Sessions R – AL on the legal basis for a potential war with Syria, Panetta repeatedly referred to seeking an international mandate, saying that the administration’s goal was “international permission” for such a war, and that Congress would be “informed” once that was obtained.
Sessions repeatedly asked for clarification, pointing out that the War Powers Act explicitly requires Congressional authorization for a war, but Panetta would only say, beyond his repeated calls for NATO or UN imprimatur, that there would be discussion in the administration as to “whether or not we would want to get permission from the Congress…” via Antiwar.com
Gadhafi regime missiles missing | APP
WASHINGTON – Inspectors searching for shoulder-fired anti-aircraft missiles amassed by Moammar Gaddafi and prized by terrorists can’t account for potentially thousands of them. “The frank answer is we don’t know and probably never will,” said Andrew Shapiro, an assistant secretary of State.
Inspectors have accounted for about 5,000 of the portable missiles and components. Qaddafi’s regime stockpiled about 20,000 portable missiles during his four decades in power…via APP.com
Brace Yourself! The American Empire Is Over & The Descent Is Going To Be Horrifying | Chris Hedges
This video is a must watch, MUST. Long, but worth it. Chris hedges is a terrifying voice of reason with a solid grasp on history, policy and culture. We must move past the illusion of Dems v Reps, Liberal progressives v conservative constitutionalists, or we are simply f’d.
We may in fact be f’d regardless. GE.
… then, go here and buy his books.
What Will An Israeli Attack on Iran Look Like? | Israel National News
“As the rampant speculations that Israel will soon launch a military strike against Iran’s nuclear facilities continue, a report on NBC on Friday revealed what such an attack may look like.
The report, the main points of which were presented by Israel’s Channel 10 News, is based on conversations the American network held with current and former officials in Israel and the United States. The report suggests that an attack on Iran will combine air and ground faces but will not include naval forces.
The officials interviewed said that the attack will be led by the Israeli artillery, which will use Jericho 2 missiles that have a range of 2,500 kilometers. The report also says the artillery will be assisted by F-15i aircraft and Israeli unmanned aerial vehicles (UAVs).
The officials also told NBC that the operation will include ground units, but that they will not be involved in the actual attacks, focusing instead on marking targets or collecting intelligence.
The report added that the officials interviewed said that they believe the chances for an Israeli military operation in Iran are higher than 50 percent…” via Israel National News.
Will Israel Attack Iran? | NYTimes.com
Very good, 11 pages and worth the time. GE.
“…The future can evolve in three ways,” he said. “Iran and the international community could agree to a negotiated settlement; Israel and the United States could acquiesce to a nuclear-armed Iran; or Israel or the United States could attack. Nobody wants to go in the direction of a military strike,” he added, “but unfortunately this is the most likely scenario. The more interesting question is not whether it happens but how. The United States should treat this option more seriously and begin gathering international support and building the case for the use of force under international law...”
After speaking with many senior Israeli leaders and chiefs of the military and the intelligence, I have come to believe that Israel will indeed strike Iran in 2012. Perhaps in the small and ever-diminishing window that is left, the United States will choose to intervene after all, but here, from the Israeli perspective, there is not much hope for that. Instead there is that peculiar Israeli mixture of fear — rooted in the sense that Israel is dependent on the tacit support of other nations to survive — and tenacity, the fierce conviction, right or wrong, that only the Israelis can ultimately defend themselves.
The Battle for Grozny, Timothy L. Thomas | GlobalSecurity.org
The Battle for Grozny, 31 December 1994 thru 8 February 1995
by Timothy L. Thomas
The Chechen Republic of the Russian Federation is located in the federation’s southwestern corner near the Caspian Sea. It covers approximately 6,500 square miles, measuring nearly 100 miles by 70 miles at its widest points. Several terrain features dominate the republic. In the north, there is a plain that runs nearly 35-40 miles until it empties into the center of Chechnya where Grozny is located. The foothills begin south of Grozny and run close to 20 miles until they merge into the Caucasus Mountains in the south. Elevations in Chechnya range from 200 feet in the northern plains to 12,000 feet in the mountains. The republic has one major river, the Terek, which runs west to east across the plains in the north of Chechnya …. go here via Combat Studies Institute.
Thousands of US troops deploying to Israel | RT.com
“Without much media attention, thousands of American troops are being deployed to Israel, and Iranian officials believe that this is the latest and most blatant warning that the US will soon be attacking Tehran…”
War drums are beating for Iran, but who’s playing them? | The Guardian
“… The US, under George W Bush, decided to privatise the invasion of Iraq by employing private “contractors” like the Blackwater company, now renamed Xe Services. In 2003 Blackwater won a $27m no-bid contract for guarding Paul Bremer, then head of the Coalition Provisional Authority. For protecting officials in conflict zones since 2004, the company has received more than $320m. And this year the Obama government contracted to pay Xe Services a quarter of a billion dollars for security work in Afghanistan. This is just one of many companies making its profits out of warfare.
In 2000 the Project for the New American Century published a report, Rebuilding America’s Defenses, whose declared aim was to up the spending on defence from 3% to 3.5% or 3.8% of American gross domestic product. In fact it is now running at 4.7% of GDP…”
Likely Collapse of the Euro Leads to Second Amendment Lessons | New American
“…According to Mitchell (who is a senior fellow at the Cato Institute), some wealthy Europeans are preparing for a level of chaos in their respective countries worthy of the title, “apocalyptic.” In Mitchell’s words:
About a year ago, I spoke at a conference in Europe that attracted a lot of very rich people from all over the continent, as well as a lot of people who manage money for high-net-worth individuals.
What made this conference remarkable was not the presentations, though they were generally quite interesting. The stunning part of the conference was learning — as part of casual conversation during breaks, meals, and other socializing time — how many rich people are planning for the eventual collapse of European society.
Not stagnation. Not gradual decline. Collapse.
As in riots, social disarray, plundering, and chaos. A non-trivial number of these people think the rioting in places such as Greece and England is just the tip of the iceberg, and they have plans — if bad things begin to happen — to escape to jurisdictions ranging from Australia to Costa Rica (several of them remarked that they no longer see the U.S. as a good long-run refuge)…”
go here for the rest of this sobering spin: Likely Collapse of the Euro Leads to Second Amendment Lessons.
75th Anniversary of the Anti-comintern Pact | New American
“… Nazism, Bolshevism, Fascism, and Japanese imperialism were all part of the same grand system, hateful of individual liberty in whatever form it existed, contemptuous of Christianity and Judaism and the adherents of those religions, and bound to attempt to destroy belief in God and the rights of man which our Founding Fathers understood flowed from that belief.
That, really, is all that the 1936 Anti-comintern Pact represented.”
UN report: Iran IS trying to build nuclear bomb warns William Hague | Mail Online
via UN report: Iran IS trying to build nuclear bomb warns William Hague | Mail Online.
Israel will launch military action to prevent Iran developing a nuclear weapon as soon as Christmas, intelligence chiefs have warned.A report by a UN watchdog into Iran’s nuclear ambitions ‘completely discredits’ the Islamic nation’s protestations of innocence, according to Foreign Secretary William Hague. The International Atomic Energy Agency found that Iran is developing a nuclear test facility, nuclear detonators and computer modelling for a nuclear warhead that would fit on an existing missile.
Sources say the understanding at the top of the British Government is that Israel will attempt to strike against the nuclear sites ‘sooner rather than later’ – with logistical support from the U.S.A senior Foreign Office figure has revealed that ministers have been told to expect Israeli military action, adding: ‘We’re expecting something as early as Christmas, or very early in the new year.’Officials believe President Barack Obama would have to support the Israelis or risk losing vital Jewish-American support in the next presidential election.



















