What is truth?

Archive for August, 2014

Let me tell you a story……….

 

 By Christopher M. Quigley B.Sc., M.I.I. (Grad.), M.A.

Managing the medical treatment of yourself or a loved one can be a very complex undertaking. It can be mentally demanding, and emotionally stressful.
The story of the development of MyMedeicalFile involves three people. My father Michael Quigley, Steve Jobs, the founder of Apple and my mother-in-law.
1. My Father, diagnosed with skin cancer.
Around 2003 my father was diagnosed with skin cancer on the right side of his face just below his cheek bone.
He served in the British army in North Africa during the Second World War.
He reckoned that long sentry service standing in the baking African sun, while guarding a soldier who had been sentenced to death for shooting a sergeant in a fit of rage, had caused the damage to his skin.
Dad was granted free cancer treatment in the Dublin cancer treatment centre as he was an old age pensioner. The treatment involved radiation therapy. My sister and I were looking after my father and I agreed to go with him to his initial consultation at the cancer centre.
When we arrived, after some initial paperwork, we were ushered in to see the consultant managing Dad’s treatment. After settling my father down in a comfortable seat the following conversation took place, no word of a lie:

full article here  My Medical File CMQ Story

Keiser Report: ‘Les Misérables’ (#Ferguson) (E645) (ft. Matt Taibbi)

The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

Several months ago, when Russia announced the much anticipated “Holy Grail” energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar’s stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative.

This changed in late June when first Gazprom’s CFO announced the gas giant was ready to settle China contracts in Yuan or Rubles, and at the same time the People’s Bank of China announced that its Assistant Governor Jin Qi and Russian central bank Deputy Chairman Dmitry Skobelkin held a meeting in which they discussed cooperating on project and trade financing using local currencies. The meeting discussed cooperation in bank card, insurance and financial supervision sectors.

And yet, while both sides declared their operational readiness and eagerness to bypass the dollar entirely, such plans remained purely in the arena of monetary foreplay and the long awaited first shot across the Petrodollar bow was absent.

Until now.

According to Russia’s RIA Novosti, citing business daily Kommersant, Gazprom Neft has agreed to export 80,000 tons of oil from Novoportovskoye field in the Arctic; it will accept payment in rubles, and will also deliver oil via the Eastern Siberia-Pacific Ocean pipeline (ESPO), accepting payment in Chinese yuan for the transfers. Meaning Russia will export energy to either Europe or China, and receive payment in either Rubles or Yuan, in effect making the two currencies equivalent as far as the Eurasian axis is conerned, but most importantly, transact completely away from the US dollar thus, finally putin'(sic) in action the move for a Petrodollar-free world.

More on this long awaited first nail in the petrodollar coffin from RIA:

The Russian government and several of the country’s largest exporters have widely discussed the possibility of accepting payments in rubles for oil exports. Last week, Russia began to ship oil from the Novoportovskoye field to Europe by sea. Two oil tankers are expected to arrive in Europe in September.

 

According to Kommersant, the payment for these shipments will be received in rubles.

 

Gazprom Neft will not only accept payments in rubles; subsequent transfers via the ESPO may be paid for in yuan, the newspaper reported.

 

According to the newspaper, the change in currency was made because of the Western sanctions against Russia.

 

As a protective measure, Russia decided to avoid making its payments in US dollars, which can be tracked and controlled by the United States government, Kommersant reported.

“Protective measure” meaning that it was the US which managed to Plaxico itself by pushing Russia to transact away from the US Dollar, in the process showing the world it can be done, and slamming the first nail in the petrodollar’s coffin.

full article HERE

Fukushima breaking news; U.S.S. Reagan vs. Tepco Hearing live,

U.S. Empire’s Bumpy Ride

If you are one of those defeatist-type Americans, always alarmed over the dire fate of the US economy, actually believing 2 + 2 = 4, it may be best not to shift your glance to the state of US foreign policy today.

Obamaville’s geopolitical stance is harder to grasp than a BLS formula for unemployment is.

And if the thought is, quaintly, of defending the US shores and citizens you are decades behind the curve

Quite the Lineup

Just keeping the global players for the US Empire straight is well beyond any Fed economist.

Former Afghanistan freedom fighter pro-Western hero Osama Bin-Laden, Ronald Reagan’s man, rest his soul, had to be officially taken out once his latest role as Washington Enemy 1 lost its glamour. Poor Osama’s fall did light a spectacular news-cycle for Prince Obama though, his greatest achievement in office. The shoe and underwear bombers never held a candle to good ole Osama.

Bin-Laden’s co-bombers from 9/11, the Saudi tribal monarchy, here 13-years later, is about to be exposed by Prince Obama as a terrorist nation largely responsible for, guess what, 9/11. The sudden realization is about to turn current Washington Enemy 1, Iran, into America’s strongest ally on the Persian Gulf in a flash. Iran can then have all of the nuclear weapons it wants so long as they are pointed at their true death-match rival, Saudi Arabia.

This kind of sudden reversal of friends can happen, even to the global superpower, after failing to win the Syria gas-pipeline war as promised. What are military behemoths good for anyway? The bully of the world must deliver or lose its crown. A good college try is never enough.

It is better then for the Saudi and Qatar Sunnis to pull ISIS on their neighbors than to put up with the Obama paper tiger any longer. Better still to have the US arm ISIS both on the front-end and back-end in “Syria” and “Iraq”. It makes the US still good for something anyway. Too bad Hillary Clinton’s recommended generosity with heavy weapons to Syrian rebel fighters was ignored by Prince Obama.

But, truly, it is just as well that ISIS is surrounding Baghdad anyway from the US perspective. Turns out US flunky Iraq Prime Minister Nouri al-Maliki is not the man he was meant to be. Maliki burned his last bridge with Prince Obama when he outrageously negotiated a favorable split of oil revenues for his country with big Western oil companies. He had to go. This simply cannot be allowed to occur. Maliki was gone before the first US air raid launched on ISIS.

So, with a huge salute to the hundreds of Yazidis still living atop Mt. Sinjar when the US airlift was cancelled for lack of people who wanted rescue, US bombs are now raining down again on Iraq, a return to the good old days. The distress of the Yazidis has helped open the door to the US demolition of ISIS from the air (in Iraq only though, of course, where the Yazidis are).

Learning what the US Congress thinks of Iraq War 3.0 will have to wait until the honorables return from their summer vacation. Fundraising always comes first though. There is no lobby group even formed yet for the Yazidis anyway.

So the US scimitar revolves switching allegiance from Sunnis to Shias, except when it comes to a Shia gas-pipeline in Syria, for now anyway. Bashar Assad though is actually looking more and more attractive these days to Prince Obama, chemical-weapons use aside. Things can change fast in Obamaville.

It is Truly Him

Having tossed around for the best replacement for Osama Bin-Laden, Prince Obama is proud to have now firmly chosen Russia’s President Vladimir Putin as Washington Enemy 1.

US/UK media lapdog journalism has taken up the newest sermon to foist onto the clueless masses, the people without passports. Resolute Obama will bend Dastardly Putin to his will. Just watch him.

Washington Enemy 1, after all, is the critical role for the US Empire to fill with just the right person.

Recently, Syria’s Bashar Assad was a complete failure in the role. He never caught on at all. Assad may even be recruited soon by NATO for even more war with ISIS and then with Saudi Arabia and Kuwait.

Crazed mullahs in Iran were never good for the top enemy role either. Who can tremble at a corrupt nation that has not invaded another for 23-centuries?

Iraq’s Saddam Hussein was an excellent model for a time, a psychotic mass-murderer on a grand scale, a person who served the US well in the past, once attacking Iran full-force for no good reason at all. Donald Rumsfeld gave Saddam a big hug back in the day.

Saddam though came with a half-life, a Greek tragedy from the outset. So, after two leading roles in the global limelight as the villain, Saddam could not last long enough to even compete for the title-belt, rest his soul.

Now, Vladimir Putin of Russia, armed to the teeth with nuclear weapons, he is someone the West can easily grow to fear! Never mind the reason. War has its own momentum. American oldsters can be relied to hate Russia again, once told to do so by their fearless Prince.

Even Washington’s 21st Century banker/prime creditor, China, would have to take notice of Obama pinning Putin to the mat in the second round!

full article HERE

The DSKing Of Christine Lagarde: IMF Head Formally Charged In Fraud Probe

Ah, the perils of European power politics.

A day after France revealed its new government, the person who so eagerly stepped in after DSK’s infamous and choreographed fall from grace and the IMF presidency (not to mention his derailed French presidential ambitions, greenlighting Hollande as what would become the worst French president ever), Christine Lagarde is about to be DSKed herself after “someone” clearly has set their sights on the former French finance minister.

Several hours ago the news hit that a French court has put Christine Lagarde, head of the International Monetary Fund, under a formal probe for negligence in a corruption investigation dating back to her days as finance minister.  To be sure, this development is hardly a shock: recall that it was over a year ago when “IMF’s Lagarde Flat Raided Over French ‘Payout’ Probe” with her ascent to the head of the IMF also riddled with numerous allegations of impropriety involving the Tapie matter. However, until now, such outside interventions were below the radar, and certainly never escalated to anything formal or official. Alas, it now appears that Madame’s time has come, even if Lagarde hasn’t grasped it just yet.

From the WSJ:

 
 

Ms. Lagarde confirmed the decision in a statement but said it was “without basis,” adding she would challenge it with a higher court. She said she was heading back to Washington Wednesday and would brief the IMF board about the latest development.

 

The investigation is part of a complex, drawn-out probe into the alleged misuse of state funds. The case stems from a decision in the 2008 to use arbitration to settle a dispute with business tycoon Bernard Tapie. The arbitration panel awarded €420 million to Mr. Tapie.

 

“The magistrates of the court of justice of the Republic have decided to place me under formal investigation,” Ms. Lagarde said in statement. “After three years of procedure, the sole surviving allegation is that through inadvertence or inattention I may have failed to intervene to block the arbitration that brought to an end the longstanding Tapie litigation,” she added.

Bloomberg adds:

 
 

IMF issues statement after Managing Director Christine Lagarde put under formal investigation for her role in an arbitration case during her time as French finance minister.

 

IMF spokesman Gerry Rice: “She is now on her way back to Washington and will, of course, brief the board as soon as possible. Until then, we have no further comment”

full article HERE

You might already be a zen buddhist

By: Dr_Ron_Paul

America’s attention recently turned away from the violence in Iraq and Gaza toward the violence in Ferguson, Missouri, following the shooting of Michael Brown. While all the facts surrounding the shooing have yet to come to light, the shock of seeing police using tear gas (a substance banned in warfare), and other military-style weapons against American citizens including journalists exercising their First Amendment rights, has started a much-needed debate on police militarization.

The increasing use of military equipment by local police is a symptom of growing authoritarianism, not the cause. The cause is policies that encourage police to see Americans as enemies to subjugate, rather than as citizens to “protect and serve.” This attitude is on display not only in Ferguson, but in the police lockdown following the Boston Marathon bombing and in the Americans killed and injured in “no-knock” raids conducted by militarized SWAT teams.

One particularly tragic victim of police militarization and the war on drugs is “baby Bounkham.” This infant was severely burned and put in a coma by a flash-burn grenade thrown into his crib by a SWAT team member who burst into the infant’s room looking for methamphetamine.

As shocking as the case of baby Bounkham is, no one should be surprised that empowering police to stop consensual (though perhaps harmful and immoral) activities has led to a growth of authoritarian attitudes and behaviors among government officials and politicians. Those wondering why the local police increasingly look and act like an occupying military force should consider that the drug war was the justification for the Defense Department’s “1033 program,” which last year gave local police departments almost $450 million worth of “surplus” military equipment. This included armored vehicles and grenades like those that were used to maim baby Bounkham.

Today, the war on drugs has been eclipsed by the war on terror as an all-purpose excuse for expanding the police state. We are all familiar with how the federal government increased police power after September 11 via the PATRIOT Act, TSA, and other Homeland Security programs. Not as widely known is how the war on terror has been used to justify the increased militarization of local police departments to the detriment of our liberty. Since 2002, the Department of Homeland Security has provided over $35 billion in grants to local governments for the purchase of tactical gear, military-style armor, and mine-resistant vehicles.

The threat of terrorism is used to justify these grants. However, the small towns that receive tanks and other military weapons do not just put them into storage until a real terrorist threat emerges. Instead, the military equipment is used for routine law enforcement.

Politicians love this program because it allows them to brag to their local media about how they are keeping their constituents safe. Of course, the military-industrial complex’s new kid brother, the law enforcement-industrial complex, wields tremendous influence on Capitol Hill. Even many so-called progressives support police militarization to curry favor with police unions.

full article HERE

We Found Safety

Comment:

Originality is such a tonic! Thanks Machholz Blog

S&P 500 To Rise Above 2000 On Hopes Euro Collapse Accelerates, Euro Yields Hit New Records

It’s been one of those days. First, the CME broke for 4 hours due to what some suggested were HFT connectivity issues, then Russia announced it would send a second humanitarian convoy into Ukraine (a big risk off move the first time it was announced, now not even an algo stirred), then Germany reported that the IFO Business Confidence/Climate dropped for the fourth consecutive month to 106.3 from 108.0, below the 107.0 expected, with the IFO chief economist stating that German GDP expectations are likely to be cut to 1.5% from 2.0% later in the year, and finally the French government collapsed due to disagreement over policy between finance minister Valls and economy minister Montebourg. All in all, a typical day in Europe’s slow-motion implosion. So why are Spanish and Italian bank stocks soaring and European bond yields reaching new record highs? Simple: following Draghi’s speech on Friday at Jackson Hole, which at initial read was hardly as dovish as many had expected, the FT and various other media outlets promptly changed the narrative and made it seem as if the ECB head was about to unleash QE.

European QE that is, of course, assuming Draghi ever goes about revealing either the TLTRO or the ABS plan he revealed months ago. Then again, this being the ECB it is all about speculation and innuendo, with QE almost virtually assured not to happen unless European GDP (adjusted for hookers and blow or otherwise) is in freefall mode and rioting is on the street, well even more than usual.

It will be a quieter week than even usual (keep in mind volumes last week were the lowest in years) with a US holiday on the horizon (there will be nobody manning trading desks on Friday as everyone rushes to catch one last weekend on Hamptons frat boy fun) and so attention turns to US New Home Sales, the Markit Composite PMI, the Dallas Fed and tomorrow’s meeting between the Ukrainian and Russian Presidents, which Merkel previewed over the weekend saying not to expect much if anything.

Bulletin headline summary from RanSquawk and Bloomberg

  • EUR/USD slumps to an 11-month low as markets bet on diverging policy between the Fed and ECB, widening the US/GE 10yr yield spread to levels not seen since 1999
  • US stock futures sit at all-time highs ahead of the US open as markets price-in the increasing likelihood of ECB assetpurchase                                                                                                                                                                                                                     full article HERE

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