“You might remember Dr. Michael Burry as the hedge fund manager who made hundreds of millions of dollars betting on the collapse of the housing market. You, also, might remember everyone from the mainstream media (MSM) to the Federal Reserve claimed nobody could have seen the 2008 financial collapse coming. How did Dr. Burry know a financial catastrophe was on the way while most financial experts and media were totally in the dark? This year’s commencement address at UCLA’s Department of Economics was given by Dr. Burry, and he says, “The ignorance is willful.” (Click here to see Dr. Burry’s June 20, 2012,UCLA address.)
“The ignorance is willful.” I think you can say the same thing about the ongoing banking crisis. Last Thursday, credit rating giant Moody’s downgraded the long-term credit ratings of 15 of the biggest North American and European banks. All but four were cut at least two notches, and these are some of the biggest banks in the world. RBC, JP Morgan, BNP Paribas, RBS and UBS are household names in Canada, U.S., France, UK and Switzerland. (Japan’s Numara and Australia’s Macquarie were downgraded earlier by Moody’s.) (Click here for a complete list of downgraded banks from Business Insider.) I can’t find a time when a major credit ratings company like Moody’s has downgraded this many major banks in so many parts of the world at the same time. Sure, critics of Moody’s will say they are way behind the curve, but the fact is the company has come out with bold and devastating bank downgrades when the world is being told it is in “recovery.” Please keep in mind, dozens of Italian and Spanish banks were, also, downgraded in the last few months by Moody’s.”
Via Alt Market
“In June 2009, Obama orchestrated Honduran President Manuel Zelaya’s ouster. A US-supported fascist despot replaced him. For good reason Honduras is called the murder capital of the world. Independent journalists are killed. So are protesters for democratic change.
After its calamitous January 2010 earthquake, Obama militarized Haiti, plundered it freely, opposed Jean-Bertrand Aristide’s return, orchestrated the nation’s rigged elections, and prohibited the emergence of democracy.
On September 30, 2010, his attempt to oust Ecuador’s Rafael Correa failed. Coup plotters shut down airports, blocked highways, burned tires, and roughed up the president. They also took over an airbase, parliament, and Quito streets. They acted on the pretext of a law restructuring police benefits. Ignored was that Correa doubled their wages.
Obama’s fingerprints were all over the scheme to oust a business-friendly leader who fell short of a neoliberal perfection. If Correa grants Julian Assange amnesty, perhaps his long knives won’t fail next time.”
Via Activist Post
“It’s been hailed as the ultimate in personal identification and human tracking technology, and now it’s going mainstream. The VeriMed system, formerly known as the Verichip, is a passive RFID microchip measuring about the size of a grain of rice and is implantable under your skin, making it possible for health care providers and other parties to instantly access your medical history and other personally identifying information.
The chip itself doesn’t store a whole lot of information other than a personal identification number, much like a social security number. When scanned it connects directly to the Healthlink global network via the internet allowing doctors immediate retrieval of everything they need to know about you.
The systems are not only limited to human medical data storage, however, and have been used for years as location tracking for cattle and pets by Verichip’s former parent company Applied Digital Solutions.”
“Totalitarian NYC Mayor for Life Michael Bloomberg’s hypocrisy is enough to make you gag:”
Marchers following the lavender line painted on Fifth Avenue Sunday for New York’s annual gay pride march marked the first anniversary of the state’s same-sex marriage law. …
Among those participating were Mayor Michael Bloomberg and City Council Speaker Christine Quinn, who was accompanied by her wife [not a typo]. They were married last month.
Bloomberg had a message to the rest of America: “The government should get out of your personal life.”
“New York is a place where you can do whatever you want to do,” he said, before stepping off onto the parade route.
“That is, you can do whatever you want to do, so long as it’s what your degenerate rulers want you to do, like spread AIDS by homosexual depravity. Just don’t try exercising your Second Amendment liberties in New York, or eating trans fats, or sprinkling salt on your food, or serving soda in cups larger than 16 ounces, et cetera, ad nauseam.”
Via Moon Battery
“Liberty Underground has screeched several times about Real ID and it’s problems. The Florida Libertarian Party Chair even went so far as to voluntarily surrender his driver license rather than renew it using REAL ID, then dare the cops to arrest him for driving without a license.
They eventually did ticket him (after being baited on the air, in public) but unfortunately what has not happened since is a concerted, planned and executed challenge to the law itself.
As written here there’s another person “caught in the net” who lost their license and can’t renew it due to “failing” the document test. The article referenced makes the very clear (and correct) point that REAL ID would not have stopped 9/11, nor any of the other attacks that have taken place since.
But that’s not why REAL ID is bad. One does not argue against something because it might be ineffective. After all, ineffective government is (at worst) wasting its own time, during which period of time it cannot harass you or worse! One argues against REAL ID because (1) it’s unconstitutional, (2) it’s more dangerous than the alternative (doing nothing.)
REAL ID is both.”
Via Market Ticker
“Just out from the TOTUS, who manages to convert a Supreme Court slap into a piece of pre-election propaganda like no other.
Following the Supreme Court’s ruling this morning on Arizona’s immigration law, President Obama released this statement:”
Via Zero Hedge
“President Barack Obama should focus on cutting America’s own budget deficit before advising Europe on how to tackle its debt problems says German finance minister Wolfgang Schäuble in the Spiegel article in Germany Rejects Obama’s Criticism in Euro Crisis “