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Federal Reserve launches QE3 – CNNMoney

16 Sep
English: A frame from a screencast from the US...

English: A frame from a screencast from the US House Financial Committee full committee hearing “An Examination of the Extraordinary Efforts by the Federal Reserve Bank to Provide Liquidity in the Current Financial Crisis which took place Tuesday, February 10, 2009, 1:00pm, 2128 Rayburn House Office Building. The frame shows Chairmen Ben Bernanke responding to a question posited by John E. Sweeney Full Committee (Photo credit: Wikipedia)

Bernanke’s QE3 Announcement in 90 seconds (CNN video)

From CNNMoney

“NEW YORK (CNNMoney) — The Federal Reserve announced plans to unleash more stimulus Thursday, in its third attempt at a controversial program to rev up the U.S. economy.

“The policy, known as quantitative easing and often abbreviated as QE3, entails buying $40 billion in mortgage-backed securities each month. The end date remains up in the air, as the Fed will re-evaluate the strength of the economy in coming months.

“The Fed is wasting no time. The purchases begin Friday and are expected to add up to only $23 billion for the remainder of September.

“The bond-buying policy “should put downward pressure on longer-term interest rates, support mortgage markets, and help to make broader financial conditions more accommodative,” the Fed’s official statement said.

“Meanwhile, the Fed will continue its existing policy known as Operation Twist. Together the two programs will add $85 billion in long-term bonds to the Fed’s balance sheet each month.

“In addition, the Fed also indicated that it plans to keep short-term interest rates at “exceptionally low levels” until mid-2015. Previously, the Fed had forecast rates would remain low until late 2014.

“The central bank’s main objective is to lower interest rates and mortgage rates in particular. By keeping rates low, the Fed hopes to fuel more spending and eventually, more hiring.

“Related: QE3 won’t create jobs

“The Fed has been trying to stimulate the economy for over three years now, and has exhausted its usual tool by keeping interest rates near zero since late 2008. Quantitative easing is an unconventional way of trying to lower rates further.

“But given that the unemployment rate has remained above 8%, the Fed is still not satisfied.

“The weak job market should concern every American. It imposes hardship on people and a waste of human skills and talents,” Fed Chairman Ben Bernanke said in a press conference later Thursday.”

Read more at CNNMoney

News That Proves We’re Screwed – The Fall of The Republic UPDATED

30 Aug

The corrupt shadow government is unveiled a little more each week.

Two Cheers for Syrian Islamists (ForeignPolicy.com)

It is not a secret that the U.S. government is funding Syrian rebels, who include members of Al Qaeda, but this may be the first time they have openly called for “two cheers” in praise of the radical Islamic Jihadists fighting against the Assad regime. I find it odd that the title is so complimentary, yet in the article it specifically says, “Of course, Syrian Islamists are no friends of the United States–merely the enemies of one of its enemies.” This is like smiling while delivering horrible news of betrayal. When I read that, I got this picture in my head of a woman smiling as she says to her friend “Let’s go celebrate your marriage with ice cream! Of course, your husband is cheating on you.” Backwards is forwards, up is down, wrong is right, logic is insanity.

deceptology.com

Syrian Rebels Fly Al Qaeda Flag – video (youtube)

Syria: TV station attacked, 7 staffers killed (Associated Press)

Bill Gross: “Normal” Economic Growth Impossible Now (moneymorning.com)

“Legendary market maven Bill Gross, the so-called “King of Bonds,” said investors will flat-out lose money if they continue employing the “buy and hold” strategies of the past.

“In his August Investment Outlook, Gross told investors that “financial repression, QEs of all sorts and sizes” and low interest rates will “dominate the timescape” for decades, maybe longer.

Investors must adjust to the new world order to avoid being the loser in this zero-growth environment, Gross warned.

“Ultimately, Gross said, the stock market’s historical, inflation-adjusted 6.6% annual growth rate is unsustainable.

“Gross, of course, is a bond man.

“In March, he launched an ETF version of his popular Pimco Total Return Fund (PTTRX) – the world’s biggest mutual fund, with more than $260 billion in assets. The Pimco Total Return ETF (NYSE: BOND) quickly attracted $2.1 billion in total deposits and has outpaced the S&P 500 by more than 5% so far.

“But even bonds – both government-backed and corporate – can’t escape the realities of a no-growth economy.

According to global economic trend forecaster Chris Martenson, a former VP of a Fortune 300 company, the historical growth rates investors have come to expect – in every asset class – are no longer mathematically possible.

“Right now, there are dangerous economic constraints,” he said, “mainly created by failed government policies, which show exponential growth in our markets is impossible.”

Exclusive: U.S. banks told to make plans for preventing collapse | Reuters (chicagotribune.com)

(Reuters) – U.S. regulators directed five of the country’s biggest banks, including Bank of America Corp and Goldman Sachs Group Inc, to develop plans for staving off collapse if they faced serious problems, emphasizing that the banks could not count on government help.

The two-year-old program, which has been largely secret until now, is in addition to the “living wills” the banks crafted to help regulators dismantle them if they actually do fail. It shows how hard regulators are working to ensure that banks have plans for worst-case scenarios and can act rationally in times of distress.

Brandon J. Raub, Former Marine, Detained After Anti-Government Facebook Postings (Huffington Post)

Marine Veteran Brandon Raub Sentenced To Up To 30 Days In Psych Ward Over Facebook Posts (businessinsider.com)

Excerpt:

“Lawyers from The Rutherford Institute represented Brandon Raub during the three-hour hearing today at the John Randolph Medical Center and released a statement, saying Raub has been ordered to “up to 30 days’ further confinement in a VA psych ward” after “government officials againpointed to Raub’s Facebook posts as the sole reason for their concern and for his continued incarceration.”

“According to Raub’s mother, authorities from the FBI, Secret Service and Chesterfield County PD came to their door on Thursday evening, questioned Raub about his Facebook posts, then handcuffed him and placed him in a Chesterfield PD squad car before taking him to John Randolph Psychiatric Hospital in Hopewell, Va.”

“Both the FBI and Secret Service said Raub was not arrested or charged, but the Rutherford Institute statement points out that “if the police have put handcuffs on you and you’re being held against your will, that qualifies as an arrest.”

Veteran Marine Taken By FBI For Anti- Government FaceBook Posts

Nurse who treated Colorado theater shooting victims drowns; Was the shooting a false flag?

27 Aug

Fox News reports that a nurse who helped treat the victims in the Aurora, Colorado theater shooting drowned while vacationing in Iowa. When someone connected to a possible false flag attack goes swimming one night while on vacation and is found dead the next morning, it is a good idea to take note and put it in the “Just for the Record” folder. But that’s not all that is interesting about nurse Jennifer Gallagher, age forty six. She treated one of the shooting victims in the neurological intensive unit, which she helped open. She was also one of the hospital staff members who met with Obama when he visited Aurora after the massacre on July 20th. Again, at this time none of this means anything more than exactly what is said, but there is no harm in book marking this nugget of information.

Why is the Aurora theater shooting a possible false flag? See the links and videos below.

This is not the countenance I’d expect of a cold-blooded, calculating criminal. AP

Miller: Aurora shooter must have practiced  (cbsnews.com)

(CBS News) The well-armed shooter in the Aurora movie theater massacre had a hit ratio twice what a police officer might achieve engaging with armed assailants in a street setting.

That suggests, says CBS News senior correspondent John Miller, that the suspect – who is believed to have planned his assault with precision –  practiced shooting prior to the attack on the theater audience last Friday.

James Holmes, who made his first court appearance Monday, will face charges in the deaths of 12 people at the Century 16 theater. Fifty-eight others were also injured in the spree, most by gunfire.

James Holmes “not talking” ahead of first court appearance

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Empire State building shooting – UPDATED

24 Aug
The Empire State Building in New York City, ta...

The Empire State Building in New York City, taken from 5th Avenue. (Photo credit: Wikipedia)

The.45 caliber pistol had 8 rounds.  3 of the rounds were used on the dead victim, but 9 people were injured by gun shot.  At least 12 rounds would have had to have been fired to injure and kill that many people , so who shot the innocent bystanders if Johnson’s gun only held 8 bullets? -thetimetimes.com

Blomberg “Once again, there’s an awful lot of guns out there.”

Gun used is a .45 caliber pistol that holds 8 rounds.

Bloomberg “This has nothing to do with terrorism.”

Mayor Bloomberg “Construction worker saw something and said something.”

Mayor Bloomberg & Commissioner – 9:03 a.m shot former coworker 3 times

Stresses this is a preliminary investigation.

Shooter is Jeffrey Johnson, age 53

Dead victim was 41 years old.

Used 45 caliber handgun.

2 women and 7 men shot.

Officers in place as part of counter-terrorism efforts shot gunman.

Mayor Bloomberg – Gunman was fired a year ago, 9 people shot, shooter and one other victim dead. NYPD responded immediately, aided by brave civilians.

Eyewitness: 20 to 30 shots fired by gunman- NBC

Gunman ran from Empire State building across the street firing shots on Fifth avenue and 34th St. – NBC

Fifth Avenue shut down. – NBC

Gunman – wearing green with bag over his shoulder, caucasian. Police came out of shops as soon as thy heard shots fired. – NBC

Shooter used buckshot, requiring fewer shots to befired.  – NBC

NOT terrorism. Shooter  is a male in his twenties, and was fired yesterday. – NBC

Eyewitness says 3 people dead. People knocked down in stampede. “Five or six shots.” – NBC

Some people are now allowed to exit Empire State building but no one can enter. Waiting for Mayor’s press conference at 11 a.m. – NBC

2 dead, 8 injured, NOT terror related. – NBC.

Shooter is male, twenties – NBC

People in Empire State building not allowed to leave. – NBC

Many incorrect stories going around. – ABC

“It could happen anywhere.” – ABC

NYPD response time “unparallelled”  – ABC

NYPD had “scene contained in 15 minutes” – ABC

Not worried about any other shooters in the area.

ABC stresses FBI said this is NOT terrorism.

Two dead including shooter dead.

FBI “immediately” says NOT terrorism.

“a workplace dispute that spilled out onto the street.”

10 people injured, 4 shot.

LIVE Coverage – NBC

LIVE Updates – Reuters

There will be a police briefing at 11am according to a Reuters reporter. – Reuters

Two people killed in Empire State shooting: New York police source

NEW YORK | Fri Aug 24, 2012 10:09am EDT

(Reuters) – Two people were killed and at least eight were wounded in a shooting outside the landmark Empire State Building in New York City on Friday, according to a police source.

One of the dead was the shooter, the source said, adding that there was no apparent link to terrorism.

“I heard the gunshots,” said Dahlia Anister, 33, who works at an office near the 102-story Empire State Building. “It was like pop, pop, pop. It was definitely in a bunch.”

The victims were shot shortly after 9 a.m. on the sidewalk on Fifth Avenue outside the building in Midtown Manhattan.

The shooting broke out at the height of the tourist season outside one of New York City’s most popular attractions, startling tourists and commuters in one of the busiest areas of the city.

The building is two blocks from Pennsylvania Station, one of New York City’s main transportation hubs.

The United States has had two other mass shooting cases this summer. On July 20, James Holmes, 24, allegedly opened fire at a midnight screening of the Batman film “The Dark Knight Rises” in Aurora, Colorado, killing 12 people and wounding 58.

On August 5, a gunman killed six people and critically wounded three at a Sikh temple outside Milwaukee before police shot him dead in an attack authorities treated as an act of domestic terrorism.

The Empire State Building was the world’s tallest building for 40 years from its completion in 1931 until construction of the World Trade Center. Following the September 11, 2001, attacks, it was again the tallest building in the city.

(Reporting by Lily Kuo and Mark Hosenball; Editing by Anthony Boadle and Bill Trott)

From Reuters Two people killed in Empire State shooting: New York police source

From NBC New York

Police say at least two people were shot outside the Empire State Building Friday morning.

Authorities said emergency personnel received a call about the shooting at Fifth Avenue and 34th Street just after 9 a.m.

The circumstances of the shooting weren’t immediately clear. The conditions of the people shot also weren’t known.

At least one person was seen being taken away in a stretcher.

Anyone traveling in the area is advised to expect road closures and detours.

Check back for details on this developing story.

Several people shot outside Empire State Building (Huffington Post)

NEW YORK — New York City officials say several people have been shot outside the Empire State Building and that the gunman is dead.

City police say three or four civilians have been wounded in the Friday morning shooting and that the shooter is dead.

A fire department spokesman says it received a call about the shooting just after at 9 a.m. Friday and that emergency units were on the scene within minutes.

The spokesman had no information about how many people were wounded or their conditions.

The shooting occurred at 34th Street and Fifth Avenue.

Activist Richard Aoki named as informant | Center for Investigative Reporting

20 Aug

Video: The man who armed the Panthers (Center for Investigative Reporting cironline.org)

“The man who helped arm the Black Panthers in the 1960s turns out to have been an FBI informant, according to FBI files uncovered by journalist Seth Rosenfeld.

“A mysterious character who sported sunglasses even at night, Richard Aoki was a militant leader of the Third World strike and an activist with the Asian American Political Alliance at UC Berkeley.

“The revelation about Aoki’s role as an informant emerged from FBI files and an interview with the agent who says he recruited Aoki. Rosenfeld spent the last 30 years researching the history of the FBI and radicals in Berkeley for his new book, “Subversives: The FBI’s War on Student Radicals, and Reagan’s Rise to Power,” publishing tomorrow.”

Richard Masato Aoki, an early member of the Black Panthers, takes part in a protest near the UC Berkeley campus in 1969.
Photo: Lonnie Wilson, Oakland Tribune / SF

Activist Richard Aoki named as informant

Seth Rosenfeld, Center for Investigative Reporting

“The man who gave the Black Panther Party some of its first firearms and weapons training – which preceded fatal shootouts with Oakland police in the turbulent 1960s – was an undercover FBI informer, according to a former bureau agent and an FBI report.

One of the Bay Area’s most prominent radical activists of the era, Richard Masato Aoki was known as a fierce militant who touted his street-fighting abilities. He was a member of several radical groups before joining and arming the Panthers, whose members received international notoriety for brandishing weapons during patrols of the Oakland police and a protest at the state Capitol.

Aoki went on to work for 25 years as a teacher, counselor and administrator at the Peralta Community College District, and after his suicide in 2009, he was revered as a fearless radical.

But unbeknownst to his fellow activists, Aoki had served as an FBI intelligence informant, covertly filing reports on a wide range of Bay Area political groups, according to the bureau agent who recruited him.

That agent, Burney Threadgill Jr., recalled that he approached Aoki in the late 1950s, about the time Aoki was graduating from Berkeley High School. He asked Aoki if he would join left-wing groups and report to the FBI.

“He was my informant. I developed him,” Threadgill said in an interview. “He was one of the best sources we had.”

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Foreign and Domestic: Exposing America’s True Enemies – VIDEO

19 Aug


Open your eyes.

 

 

White House Press Corps Wonders When Obama Will Actually Take Their Questions – Huffington Post

18 Aug

English: Barack Obama delivering his electoral...

From The Huffington Post

The agitation appears to be increasing among the media as President Obama continues to avoid taking questions from White House reporters. On Friday, Obama’s deputy press secretary parried a series of volleys from the White House press corps, all of whom wanted to know when the president would break his over-two-month streak of not formally answering their questions.

The issue has edged its way into the media spotlight in recent days, especially after Obama spoke about the campaign on “Entertainment Tonight” and talked about his music tastes with a New Mexico radio station. That led to acid replies from ABC’s Jake Tapper and the “Morning Joe” team. NBC’s Andrea Mitchell also had a sharp exchange with Ben LaBolt, the Obama campaign’s press secretary, about Obama’s AWOL approach. On Friday, she repeated the line of attack with DNC chair Debbie Wasserman-Schultz.

On Friday, multiple reporters asked deputy press secretary Josh Earnest when Obama would appear next before them.

“I don’t have any scheduling announcements,” Earnest said. He contended that the press has actually “heard quite a bit” from Obama, who he said has been “talking to a number of reporters.” He also said that Obama had answered a question shouted at him at a bill signing from a White House reporter, and that the press had been able to air the president’s comments to

NBC’s Kristen Welker noted that Obama has been talking about things like his views on the song “Call Me Maybe.”

Read the rest of the story here

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