News & Analysis
DB Briefs: IMF's Lagarde Speaks Out / Biden Blunders? / Bin Laden Meme Continues / IMF Critical of EC / Failing Fed Tools
Global Confidence in U.S. Treasuries Has 'Slightly Eroded,' Lagarde Says
Christine Lagarde, the new chief of the International Monetary Fund, said confidence in U.S. Treasuries is "slightly eroded" ... "There was a positive bias toward the United States of America, toward Treasury bills," Lagarde said in an interview on CNN's "Fareed Zakaria GPS" ... The "very strong confidence" in Treasury bonds is "slightly eroded at the moment." ... "This level of uncertainty, the trepidation arising from August the 2nd, is bringing about a lot of instability," Lagarde said. – Bloomberg
Dominant Social Theme: We are watching the situation closely and may need to take action.
Free-Market Analysis: Seems to us as if Lagarde's current PR tour in the United States is more of an on-the-ground attempt at building up credibility for what will undoubtedly be an attempt at implementing an IMF-led global currency. Perhaps the decision to continue to devalue the US dollar by America's "wise leaders" has helped to ensure that the collapsing currency plays right into that scenario. Out of chaos ... order.
Biden Says Tea Party Republicans Acted Like Terrorists
A meeting between Vice President Joe Biden and House Democrats today, meant to last an hour, went on for more than two as angry lawmakers aired their grievances. "I didn't go to convince," he said on the way out of the meeting. "I went to explain." Biden agreed with caucus members that tea party Republicans acted like "terrorists" in this fight. – Washington Post/Afternoon Fix
Dominant Social Theme: These rabble-rousers have damaged the American political establishment.
Free-Market Analysis: The Tea Party undoubtedly had a good deal of impact on the recent establishment debate over America's debt ceiling. And although the country is still heading down a path of financial suicide, it is not the Tea Party members and the voices in Congress who are sympatheic to their concerns who are the financial terrorists, but rather it is politicians like Mr. Biden himself. For far too long the US people have been lied to. The US dollar and the entire Federal Reserve banking system is a fraudulent cartel-like enterprise that serves not the needs of the American people, but rather the wealth redistrubution desires of a global Money Power intent on bankrupting America's middle class and out of the inevitable chaos, centralizing the world under a global banking structure.
Osama Bin Laden: Mission Was to Shoot to Kill From the Start
The raid on Osama bin Laden's hideout in Pakistan was a mission to kill him, and there was "never any question" he would be captured alive, one of those directly involved has claimed. The most detailed account so far of the assassination of the world's most wanted man describes the May 1 operation in Abbottabad as a "covert mission into Pakistan to kill Osama bin Laden." – UK Telegraph
Dominant Social Theme: America got their man ... really they did! Here's more proof ...
Free-Market Analysis: Mainstream media outlets will undoubtedly continue to do their best to maintain the Osama-meme. It is necessary for the US military-industrial complex and the international war on terrorism that scripted "victories" are continually trumpeted to the masses. Of course we don't believe any of it and think Osama bin Laden died perhaps ten years ago, likely of Marfan's syndrome. However, you can bet we'll be hearing a lot more about this as the 2012 US Presidential election "show" kicks into high gear. The bigger the lie, the more people believe it.
IMF Criticises EU Proposals for Basel III Implementation
The European Commission's proposals to implement new global banking rules are disappointing in key areas, the International Monetary Fund said, calling for changes as the legislation is finalised. ... "It will be important to strengthen the legislation as it is finalized, including by creating stronger common standards and ensuring sufficient flexibility for macroprudential policies," the IMF said. – Reuters
Dominant Social Theme: We need more centralized power in order to govern accordingly. Global governance is the ideal solution.
Free-Market Analysis: The European Commission, led by José Manuel Barroso, is the executive body of the European Union and a leading mouthpiece for maintaining the illusion that the "wise leaders" of Brussels can keep the Union together and solve the European soverign debt crises by imposing more regulation and financial constraints on the banking sector. As global confidence in the US dollar continues to erode, the IMF wants even more financial regulations and the implementation of global banking rules to be advanced at an even quicker pace than the Brussels-based bureaucrats are currently moving – as if the centralized currency and political experiment in Europe hasn't already done enough damage – just ask the average Greek. The Internet Reformation is forcing international money power to crank up the speed of their agenda and exposing the plans of international Money Power for all to see. Globalism is not the solution, decentralized laissez-faire societies with an appreciation for Austrian economic policies are.
Fed Confronts Limited Tools to Stir Economy
Federal Reserve officials face two constraints as they prepare for a policy meeting next week amid a dismal economic outlook. First, inflation is already elevated by many measures and could become more so if the Fed takes new steps to revive the economy. And, second, even if they were convinced they should act, officials don't have tools ideally suited to fix the economy's problems. So while the Fed is intensely exploring all the options that it has to address the disappointing recovery. – WSJ Online
Dominant Social Theme: The annointed ones at the Fed are working to rein in inflation and solve America's economic woes.
Free-Market Analysis: This is just simply ridiculous. The Federal Reserve has had its ravenous fangs knawing into the American middle class ever since it was established in 1913. By creating money out of nothing and artifically depressing interest rates, the "wise men" running the Fed have been systematically devaluing the US Dollar to the point where a dollar today is worth about 3 or 4 cents in purchasing power as compared to the dollar in 1913. When you increase the money supply (monetary inflation) you inevitably devalue the purchasing power of all existing money that was in ciruclation before the increase. The Fed is afraid they don't have the tools to deal with inflation? The Fed creates inflation! They are not interested in actually fixing the US economy, they are interested in serving Money Power and its desire to capture whatever remaining value there is left in the American economy as the nation's currency is driven into the ground to pave the way for global currency consolidation. In fact anyone holding US dollars is in for a rude awakening as the PONZI scheme continues to unfold and last night's Congressional approval of the debt-celing increase will only speed up the devaluation process and the ruination of the dollar.
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Posted by rossbcan on 08/03/11 09:28 AM
"are we still wabbit hunting?"
still down the hole, in wonderland and have been for a century+
the queen will at some point decide "off with their heads" and, people will actually listen since matters have been arranged: "their heads, or, OURS".
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Posted by rossbcan on 08/03/11 06:35 AM
Oh yeah, some feedback regarding "briefs": Rather than just a basket of events / trends, attempt to show how they fit together to form the "big picture".
Everything is connected to everything else by action / consequence natural law. The only variable is degree of influence (weak / strong) of an action regarding a, (to flawed thinkers) consequence. The butterfly effect (and chaos) IS REAL.
Bug Music: "I am you and you are me and, we are all TOGETHER" (The Walrus)
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Posted by rossbcan on 08/03/11 06:28 AM
Of course, a completely different perspective yields:
"Might is NOT right" because "Survival of the fittest" IS "Those who best adapt to (choose according to) reality"
Thus, virtually ALL political / economic "debate" is speculation, based on faulty premises regarding which forcefully imposed mankind control "system" (means of servitude) is mightiest and, by assumption, "right". The USSR (socialism) failed and imploded first because it was more faulty than regulatory democracy enslaving the productive. Now, regulatory democracy and the incredible lies it is based on is also imploding:
Nobody wielding power appears to be questioning whether or not a "system" is required (this is HERESY, coming from a system design engineer), can possibly function or is even desirable, just engaging in intentionally polarized insane faux intellectual "debate / war" equivalent to "my god is better than your god".
Reality begs to differ. The coercive works of mice and men have and will always fail and be destroyed by the unseen hand of collective self-interest, in opposition to those who contrive false (Machiavaillian) arguments rationalizing their predatory behavior and construct legal (forceful) traps to polarize peaceful viewpoints into believing conflict is the ONLY OPTION (false neccessity).
We will, collectively continue on the path of coercion and being "controlled" until enough collateral damage has occurred that we, en-masse are collectively forced to conclude that only our individual "boots on the ground", making informed choices within out individual environments (whch only WE can KNOW) is capable of securing our self-interest (freedom to choose equals SURVIVAL). This is also the reason that imperialist (hierarchical, top down controlled slave) forces always have and always will fail against unfettered FREE people (AKA: terrorists, insurgents):
Click to view link
Vladimir Putin: (US "like a parasite") is conceptualizing in correct (real) terms. In fact, next to CIA/NSA, my web stats show the former slaves of the USSR are my best "customers".
And, MSM yesterday (CTV Canada) had a field day "ridiculing" the "absurdity" of Putin's precicely accurate statement and opinion.
Yes, I watch MSM, but only to keep track of the direction THEY are manipulating us in, to "be prepared" as a former Boy Scout would say.
Posted by amanfromMars on 08/03/11 01:58 AM
""Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world." ..... Henry Kissinger" .... Posted by speedygonzales on 08/02/11 06:13 PM
And who can control with words, controls cyberspace, for IT is the advanced intelligent mind game place, señoras y señores. And methinks IT trumps all earthly powers too, which is why there is such an avid novel interest in standing up and targeting Command and Control Centres with money too, for such will ensure that they remain relative rather than rendered redundant because of their intellectual bankruptcy and parasitic sociopathic tendencies.
Posted by goldandsilverbug on 08/02/11 09:41 PM
The beauty about the bell's format is all the history, knowledge and background that goes into each news story. No where else can you find this combination together in an honest, concise presentation.
Reply from The Daily Bell
Thank you for the kind words.
Posted by free on 08/02/11 07:39 PM
I like the snip it of info and the quick analysis, I think you should think about using this format periodically.
Posted by speedygonzales on 08/02/11 06:25 PM
"This involves the military acquisition of territory, gaining control over the political and economic life of subject groups"
Part of the scheme was establish NATO with bases in conquered European lands and Operation Gladio.
A la Agatha Christie: Click to view link
They say terrorists are extremists and right wing, right? Click to view link
Nice movie Click to view link
Posted by speedygonzales on 08/02/11 06:13 PM
An imperialistic regime extends its power and dominion over other nations through military, economic, and cultural means. This involves the military acquisition of territory, gaining control over the political and economic life of subject groups, and imposing its money system on conquered nations.
"Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world."
Henry Kissinger
Sixteen European countries accepted Marshall Aid and by 1953 the United States had provided $17 billion in relief. It was offered to all the nations of Europe even those in the east but understandably Stalin refused to allow them to accept it! The Soviets forbade countries under their control from accepting Marshall Aid. Stalin quite correctly saw the Plan as "dollar imperialism."
Russian Prime Minister Vladimir Putin accused the United States on Monday of living beyond its means "like a parasite" on the global economy and said dollar dominance was a threat to the financial markets.
"They are living beyond their means and shifting a part of the weight of their problems to the world economy," Putin told a Kremlin youth group while touring its summer camp north of Moscow.
"They are living like parasites off the global economy and their monopoly of the dollar."
"It has been evident for some time that the ongoing speculative attack on Greece, along with such other countries as Spain, Ireland, Portugal, and Italy, was not primarily a reflection of their economic fundamentals, nor yet a spontaneous movement of "the market," but rather an orchestrated action of economic warfare. The dollar had been relentlessly falling through the late summer and autumn of 2009. It obviously occurred to various Anglo-American financiers that a diversionary attack on the euro, starting with some of the weaker Mediterranean or Southern European economies, would be an ideal means of relieving pressure on the battered US greenback."
Webster Tarpley
"The cardinal purpose of the imperialist camp is to strengthen imperialism, to hatch a new imperialist war, to combat socialism and democracy."
Andrei Zhdanov, Politburo member and Leningrad party boss,
September 22, 1947
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Posted by dotti on 08/02/11 04:35 PM
"Awesomeless", indeed!
Kids' clothing has gone far too awesome for li'l ol' me. Glitter and flashing lights. Heck, i didn't get to wear that to my senior prom!
I think they nixed D&J in mid-50's. Right? Don't remember what replaced them. I think it was too early for Dr. Seuss--he was mid-60's, I think.
When Spot was still chasin' cars after aversion of the "crisis", I figured he was pretty healthy.
Converse is true for S&P. No "relief rally". Bad sign.
Posted by Rrust on 08/02/11 04:25 PM
Yep, Spot Still Runs and Runs!
I remember D & J all too well, but more than *barely* (smile).
I remember the family… they had awesomeless clothes, and they had no bones in their bodies. I thought that was pretty strange… but understand why, in retrospect.
*Form follows language* I reckon. To think there was a time when kids learned to read via *Pilgrim's Progress*. --For better or worse.
Posted by memehunter on 08/02/11 03:51 PM
Daily Bell Briefs:
This is a nice format - can be useful once in a while...
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Posted by dotti on 08/02/11 03:50 PM
I thought everything was supposed to be coming up roses once we avoided default.
are we still wabbit hunting? Shushhhhhh
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Posted by dotti on 08/02/11 03:49 PM
"See Spot run!"
I'm old enough to remember the old Dick and Jane readers--but barely. Anybody else?
S&P down over 2% last check.
Posted by John Danforth on 08/02/11 03:18 PM
Not entirely off-topic:
Must-see series about the real-life techniques of mind-control --
Click to view link
Consider these techniques applied with modern technology, and prepare!
Posted by Rrust on 08/02/11 02:47 PM
(not entirely) Off-Topic:
For those who appreciate the work of the estimable Hugo Salinas Price, this from 28 July 2011 (who has previously appeared on the pages of the Daily Bell):
Click to view link.mx/mplata/articulos/articlesFilt.asp?offset=0&fiidarticulo=170
Posted by amanfromMars on 08/02/11 01:04 PM
"Free-Market Analysis: Mainstream media outlets will undoubtedly continue to do their best to maintain the Osama-meme. It is necessary for the US military-industrial complex and the international war on terrorism that scripted "victories" are continually trumpeted to the masses. Of course we don't believe any of it and think Osama bin Laden died perhaps ten years ago, likely of Marfan's syndrome. However, you can bet we'll be hearing a lot more about this as the 2012 US Presidential election "show" kicks into high gear. The bigger the lie, the more people believe it."
The shenanigans run to more that just scripts, DB ....... Click to view link
And it is a very competitive global field, and growing/deepening at an alarming rate, which as you may not be able to even imagine, is advised to you as not suffering fools for tools and debriefs.
Posted by juajuara on 08/02/11 09:58 AM
Any recommendations for watching M3 or perhaps TMS M3? Does anyone know of a good indicator for raising house-hold prices? I know Walmart used to have their own internal "basket" of goods based on popular consumer buys, but I don't think it's published publically.
Thanks for the briefs, I think you should call 'em boxers though!
Posted by Frank on 08/02/11 09:34 AM
I buy everything except that Bin Laden died of Marfan's 10 years ago, although I admit it is suspicious that no photos were released of his dead body. In any case, the "War on Terror" continues as the USA sinks into bankruptcy as the world's policeman and our Constitutional liberties are continually eroded.
Posted by John Danforth on 08/02/11 09:08 AM
And another little news snippet:
Central banks around the world are quietly buying gold --
Click to view link
The smaller sovereigns see the writing on the wall and are trying to get out from under the wrecking ball as the cable strands snap like guitar strings.
Oh yeah, spot gold just zoomed past $1640 again.
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