“I wonder what goes through Ben Bernanke’s mind as he sits in his gold plated boardroom in the majestic Marriner Eccles building in Washington DC and decides to screw grandmothers in order to further enrich Wall Street bankers. He just pledged to keep interest rates at zero percent for two more years. Ben is a supposedly book smart man. Does he have no guilt or shame for what he has wrought? How does he sleep at night knowing he has created bloody revolutions around the globe due to his inflationary zero interest policy? People are dying because he has decided that an elite group of Wall Street bankers who recklessly brought down the worldwide financial system in 2008 deserve to be kept alive and enriched at the expense of the many.”
Via Zero Hedge
“Food prices are skyrocketing all across the globe, and there’s no end in sight. The United Nations says food inflation is currently at 30% a year, and the fast-eroding value of the dollar is causing food prices to appear even higher (in contrast to a weakening currency). As the dollar drops in value due to runaway money printing at the Federal Reserve, the cost to import foods from other nations looks to double in just the next two years — and possibly every two years thereafter.
That’s probably why investors around the globe are flocking to farmland as the new growth industry. “Investors are pouring into farmland in the U.S. and parts of Europe, Latin America and Africa as global food prices soar,” reports Bloomberg magazine (http://www.bloomberg.com/news/2011-…). “A fund controlled by George Soros, the billionaire hedge-fund manager, owns 23.4 percent of South American farmland venture Adecoagro SA.””
Via Natural News
Spain Cannot Pay €26 Billion Defense Budget, Effectively Issues IOUs to Keep Within Stated Austerity Measures
“Is US Really Any Different?
Look at those Spanish tanks, ships, planes, and submarines. Is Spain preparing for an invasion from France? Portugal? Italy via the Mediterranean Sea?
The US military budget situation is similar but the amounts are orders of magnitude greater.
Is the US threatened by Canada or Mexico? Cuba via the Gulf of Mexico?
If not, “We should not have purchased weapons we are not going to use for scenarios of confrontation that do not exist and, more seriously, with money that we did have then and do not have now.””
“President Obama’s summer woes have dragged his approval rating to an all-time low, sinking below 40% for the first time in Gallup’s daily tracking poll.
New data posted Sunday shows that 39% of Americans approve of Obama’s job performance, while 54% disapprove. Both are the worst numbers of his presidency.
Obama’s approval rating has hovered in the 40% range for much of 2011, peaking at 53% in the weeks following the death of Osama bin Laden.”
Via LA Times
“Because of the continuing fiascos in Washington; activists on the left and on the right, libertarians and socialists, will have to begin to face the fact that looking to the central planning elites in Washington for answers is futile . . . even counter-productive.
The debt ceiling will be raised for the 75th time since 1962, no real spending cuts will happen, taxes will again be raised, and happy days are here again for the politicians, the life-long bureaucrats, the industrial lobbyists and lawyers, and, especially, the Wall Street fat cats.
“Well, the next time they will implement their promised reforms,” say those who are still faithful in the central planning bureaucrats. But our chosen representatives do not fulfill their promises, and they never will. Sooner or later, we are going to have to face the reality that central planning is a promise that can never be kept.”
Via Activist Post
“They died when their helicopter was shot down in Afghanistan by Taliban with rocket-propelled grenades. Many were members of SEAL Team Six, the fabled special operations unit that flew stealth choppers into Pakistan after Osama bin Laden, putting the old monster down in a pile of his porno tapes.
Nineteen of the 30 families asked for no media coverage of the ceremony at Dover — that request for privacy was, of course, honored.
By everyone, that is, except Barack Obama.
He slipped in a personal photographer, who snapped a dramatic photo of the president saluting in silhouette.”
Via NY Post
Clyburn hopes to use supercommittee post to tackle growing wealth gap
“A leading House Democrat is hoping to use his prestigious seat on the deficit-cutting supercommittee to close the growing gully that divides the rich and the poor in America.
Rep. James Clyburn (S.C.) said the recent debate over slashing spending and reducing deficits has all but ignored the toll those cuts could exact on lower income folks, particularly in minority communities. Clyburn – the third-ranking House Democrat and a member of the Congressional Black Caucus (CBC) – is vowing to use his perch on the Joint Select Committee on Deficit Reduction to tackle the nation’s enormous wealth gap. “
Via The Hill
““If what happened in London ever happened in the US, the military has plans – CONPLAN 3501 and 3502 – to suppress the insurrection,” writes Ambinder. The instructions contained with the CONPLAN guidelines are believed to be initiatives that the US can enact during times of domestic disturbances.
According to GlobalSecurity.org, CONPLAN 3502 is what the military can put into play if state and local authorities are subjected to mass rioting. They say that the instructions in CONPLAN 3502 outline that “Tasks performed by military forces may include joint patrolling with law enforcement officers; securing key buildings, memorials, intersections and bridges; and acting as a quick reaction force.””
“Amidst widespread calls from MPs, David Cameron has pledged to investigate the possibility of turning off social networks during times of crisis, lumping Britain in with some rather unsavory company.
The U.K. has long criticized countries like China, Iran and Libya for censoring the web and clamping down on dissent, which appears incredibly hypocritical to the rest of the world if he then proceeds to do the same thing on his own turf. Opinion pieces in international newspapers have already started popping up with headlines like “what goes around, comes around.”’