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Thursday, January 31, 2013

Nine people killed as freak hailstorm rains massive boulders down on Indian villages | Mail Online

Revelation 16:21  And there fell upon men a great hail out of heaven, every stone about the weight of a talent: and men blasphemed God because of the plague of the hail; for the plague thereof was exceeding great.

  • The hail storm covered the entire villages under the snow like blanket
  • Destroyed crops, houses and live stock in seven villages
  • The hailstones started falling from the sky on Tuesday night
By Jill Reilly |
Hailstones the size of boulders have rained down on villages in southern India.
At least nine people were killed when the violent weather hit several villages in the state of Andhra Pradesh.
The hailstorm which lasted for almost 20 minutes, destroyed crops, houses and live stock, causing devastating financial implications for residents.
Raining down: People cleaning the streets covered with large boulders of hailstorm Andhra Pradesh, India
Raining down: People cleaning the streets covered with large boulders of hailstorm Andhra Pradesh, India


Published on Jan 31, 2013

Syria files UN complaint over Israeli airstrike, Iran warns of ‘serious consequences’ — RT

Syria has filed an official complaint to the United Nations over an Israeli airstrike on a military research center near Damascus. The move followed a threat from Iran that Israel would face “serious consequences” for the attack.
Iranian Deputy Foreign Minister Hossein Amir Abdollahian said Tel Aviv would face repercussions for the Israeli airstrike against a military research center in Jamraya, rural Damascus, the semi-official Fars news quotes him as saying.
Iranian Foreign Minister Ali Akbar Salehi condemned what he characterized as “brutal aggression” against Syria.
"There is no doubt that this aggression is part of a Western and Zionist strategy to push aside the success of the Syrian people and government to return to stability and security," Hurriyet Daily News cites him as saying.
Salehi said the strike highlights the "alignment of terrorist groups with the Zionists' objectives."
Syria has summoned the commander of The United Nations Disengagement Observer Force (UNDOF) in the Golan Heights to deliver a former protest for the Israel attack.
Read More:  Syria files UN complaint over Israeli airstrike, Iran warns of ‘serious consequences’ — RT
A general view shows damaged buildings in suburb of Damascus, January 24, 2013. (Reuters) 31.01, 12:14 22 comments

Russia denounces Israeli strike on Syria as unprovoked attack on sovereign country

The Russian Foreign Ministry has issued a statement expressing deep concern over Israel’s airstrike on Syria saying that it violates the UN Charter.
An Israeli air force F-15 fighter jet. (AFP Photo / Jack Guez) 31.01, 11:38 60 comments

‘Israeli airstrike intended to stop Syrian scientific military research’

Though Israel has not yet claimed responsibility for an airstrike targeting a military site near Damascus, experts believe that Tel Aviv aimed to further destabilize Syria and undermine its military capabilities.
Syria unrest
An Israeli F-15 fighter jet (AFP Photo/Jack Guez) 30.01, 23:18 373 comments

Israeli warplanes bomb research center near Damascus - Syrian military

Israeli fighter jets targeted a military research center near Damascus early Wednesday, the Syrian army has revealed. In press remarks, US officials claimed the Israeli attack struck a convoy carrying Syrian weapons bound for Hezbollah in Lebanon.
An Israeli F16 fighter jet.(Reuters / Amir Cohen) 30.01, 16:19 100 comments

Israel fighter jets enter Lebanese airspace, hit targets on Syria border - reports

Israeli air force jets reportedly attacked a target on the Syria-Lebanon border after repeatedly violating Lebanese airspace Wednesday night. The Syrian military, however, says the jets targeted a scientific research center near Damascus.
Syria unrest

Al-Qaeda threatens US and Europe, promises 'earth-shattering' attack — RT

“Where will the next strike by Al-Qaeda be?” a message on the Ansar al-Mujahidin network read, followed by: “The house of disbelief: America, France, Denmark and other countries in Europe, and in the countries that helped and help France and other places.”
The message threatened attacks that will be “strong, serious, alarming, earth-shattering and terrible,” which will be carried out both collectively and individually.
The post also singled out France, telling the country to prepare for a “long war of attrition.”
The threats against France may be connected to the French military’s recent operation in Mali against pro-Al-Qaeda militants.
French troops patrol on January 30, 2013 along the Niger river in the northern city of Gao. (AFP Photo / Sia Kambou)
French troops patrol on January 30, 2013 along the Niger river in the northern city of Gao. (AFP Photo / Sia Kambou)
The commentators on the forum praised the message, and said they hoped to “hear the news of these strikes soon.”
The Ansar al-Mujahidin network is a well-known jihadist forum that has previously published messages affiliated with Al-Qaeda and its supporters. In April 2012, the NYPD launched an investigation into a 3-D image posted on the forum that said Al-Qaeda would soon return to New York City.
Al-Qaeda in the Islamic Maghreb (AQIM) fighters preparing for war in northern Mali (AFP Photo / Monitoring Service) 28.01, 18:53 3 comments

Al-Qaeda in Africa stronger than suspected – Russian envoy

The military contingent of African countries in Northern Mali will be increased, the Russian President’s special envoy to Africa Mikhail Margelov said.
A convoy of Malian soldiers are pictured on their way for Mopti, on January 19, 2013 in Kongena (AFP Photo / Fred Dufour) 20.01, 22:19 52 comments

‘Al-Qaeda threat used by NATO as smoke screen for re-colonization of Northern Africa’

With more western countries getting indirectly involved in the conflict in Mali, there’s increasing speculation about their motives. Journalist and broadcaster Neil Clark told RT, that the intervention has ‘only economic reasons’.
A still image broadcast by Algeria's Ennahar TV on January 19, 2013 (AFP Photo / Ennahar TV) 20.01, 16:00 88 comments

Algerian hostage crisis death toll tops 80 as Al-Qaeda claims responsibility

A further 25 bodies – allegedly of hostages – have been found at the Algerian gas plant, in addition to the 23 hostages and 32 militants already confirmed dead. Meanwhile, an Al-Qaeda-linked commander has claimed responsibly for the attack.
Yemeni protesters burn a US flag during a demonstration at a street leading to the US embassy in Sanaa on September 14, 2012 against a film mocking Islam  (AFP Photo/Mohammed Huwais) 13.10.2012, 20:06 41 comments

Al-Qaeda leader calls for more anti-US protests

With the number protests outside US embassies declining, Al-Qaeda head Ayman al-Zawahiri urged “zealots of Islam” to “continue opposition.” He said a US-made Islamophobic film is “American crusader Zionist aggression,” and cannot be forgiven.

'Israeli air strike opens new front in Syria war' - Russia Today

Published on Jan 31, 2013
Syria claims Israel has carried out a deadly bombing raid on its territory, destroying a military research centre near Damascus. It denies claims the attack targeted a weapons convoy near the Lebanese border.

It's the first time in decades that Israel has launched an attack on another state, NOT in response to military action. Israel and most Western powers are keeping silent on the incident, which has sparked condemnation from Russia.

The Arab League has described Israel's strike on Syria as flagrant aggression and a glaring violation of the country's sovereignty. Abayomi Azikiwe, Editor of Pan-African News Wire, says the attack on Syria is all part of a plan to bring down the Assad government.

Russia condemns Israeli strike on Syria as attack on sovereign state 


Wednesday, January 30, 2013

The Pentagon's All Seeing Eye in the Sky

 The incredible U.S. military spy drone that's so powerful it can see what type of phone you're carrying from 17,500ft
  • The ARGUS-IS can view an area of 15 sq/miles in a single image
  • Its zoom capability can detect an object as small as 6in on the ground
  • Developed by BAE as part of a $18million DARPA project
  • System works by stringing together 368 digital camera chips
A sinister airborne surveillance camera gives the U.S. military the ability to track movements in an entire city like a real-time Google Street View.
The ARGUS-IS array can be mounted on unmanned drones to capture an area of 15 sq/miles in an incredible 1,800MP - that's 225 times more sensitive than an iPhone camera.
From 17,500ft the remarkable surveillance system can capture objects as small as 6in on the ground and allows commanders to track movements across an entire battlefield in real time.

VIDEO: Massive Tornado in Adairsville, Georgia - Atlanta News, Weather, Traffic, and Sports | FOX 5

ATLANTA - A FOX 5 viewer Leah Cale Wilkins captured this video of a tornado as it touched down in Adairsville, Georgia, and shared it on our Facebook page.  The twister toppled trees, damaged homes and businesses, and flipped cars. The tornado is blamed for at least one death, and several injuries.  Click here for the latest on the damage done in Adairsville. 

The Business of War: SOFEX (Special Operations Forces Exhibition): World's biggest exhibition of war toys

SOFEX is where the world's leading generals come to buy everything from handguns to laser-guided missile systems. It stands for "Special Operations Forces Exhibition Conference" and it's essentially a trade-show where just about anyone with enough money can buy the most powerful weapons in the world.

Poverty ‘rampant’ in earthquake hit Christchurch, 2 years after disaster

January 28, 2013NEW ZEALANDHorror stories of Christchurch families living in garages and tents continue to surface almost two years on from the February 2011 earthquake. Some families are still stranded in sheds or illegally overcrowding friends’ and relatives’ houses. Meanwhile, rental housing prices show no sign of abating and welfare agencies believe this year could be worse than the last. Demand on Christchurch’s social services continues to increase: people who have never needed help before are queuing up at food banks and many families still face impoverished living conditions. City Missioner Michael Gorman said the unprecedented demand on the mission’s alcohol and drug services, food bank and night shelters “has not eased at all. There is a lot more money going into rent and a lot less money going into living.” The number of people approaching the mission suffering from poverty or mental health issues was rampant, he said. One of his social workers had a week-long waiting list of families needing assistance with school uniform grants. Another had recently been supporting a young family living in a tent, and a couple renting a washhouse. A desperate woman with a newborn baby emailed Gorman last week asking for any free food because she said she was “paying so much rent, I can’t afford to live. We are seeing many, many new people. Some who may actually own property but are so stretched by having to be out of their houses and pay horrific rents,” he said. Pacific Island Evaluation social worker To’alepai Louella Thomsen-Inder said she was growing tired of “fighting day and night’ for her clients. Before Christmas she dropped food parcels off to 10 struggling families and said she could “smell the poverty as I walked in the door. I saw the reality. Some people had just a twig in a corner for a Christmas tree,” she said. “Some homes have no curtains, babies are crawling around on rotting carpet, it’s damp and the children are running around with no shoes on and with visible skin conditions.” Tenants Protection Association manager Helen Gatonyi believes this year is “shaping up to be the worst. When winter strikes this year, we predict it’s going to be very difficult for a large number of people.” Some owners had been renting out cramped, damp three-bedroom homes for more than $500 a week, she said. “The behavior of some landlords is totally unacceptable. They are renting homes for an arm and a leg, knowing there will be a queue of people lining up to view the place.” Gatonyi is calling for a warrant of fitness and code of practice to be placed on Christchurch rental properties and said the association was about to launch an in-depth inquiry into the living conditions of tenants in the city. The Government’s investigation into overcrowding, homelessness and unsuitable living conditions in Christchurch was kick-started in June last year, but the results are yet to be released. –TVNZ

Invasion of Syria in the cards? Following Syria massacre, UN envoy urges Security Council to act

A Free Syrian Army fighter stands in front of a building destroyed by a Syrian Air force air strike in the Haresta neighborhood of Damascus on January 29, 2013. — Reuters Photo

UNITED NATIONS: Syria’s war has reached “unprecedented levels of horror”, UN envoy Lakhdar Brahimi said after dozens of men were found slaughtered, just ahead of a donors’ conference for the devastated country.
Brahimi told the divided UN Security Council Tuesday it had to act now to halt the carnage epitomized by the at least 78 young men, each killed with a single bullet and dumped in a river in the battlefront city of Aleppo.
More bodies were still to be retrieved from the water.
Syrian rebels blamed President Bashar al Assad’s government for the killings, but state media said a religious militant opposition faction was to blame.
Syria “is breaking up before everyone’s eyes,” Brahimi told the council’s 15 ambassadors.
“Only the international community can help, and first and foremost the Security Council.”
Twenty-two months of conflict have now left well over 60,000 dead, according to the United Nations, which is seeking $1.5 billion in humanitarian funding for beleaguered Syrians at a conference in Kuwait on Wednesday.
“The tragedy does not have an end,” Brahimi said.
The Assad government’s legitimacy has been “irreparably damaged,” Brahimi said, warning, however, that it could still cling to power.
Assad’s forces had become more repressive, the former Algerian foreign minister was quoted as telling the closed meeting.
Both the state and the rebel opposition were committing “equally atrocious crimes”, he added.
He also warned of the conflict spilling over into neighboring countries.
“None of the neighbors is immune to the fallout consequences of the conflict.”
“Syria is being destroyed bit by bit,” Brahimi told reporters after briefing the Security Council.
“And in destroying Syria, the region is being pushed into a situation that is extremely bad and extremely important for the entire world,” he added.
“That is why I believe the Security Council simply cannot continue to say ‘we are (in) disagreement, therefore, let’s wait for better times’. I think they have got to grapple with this problem now.”
But US ambassador Susan Rice said “the same issues that have stymied the council to date remain unresolved, so there is no obvious way forward.”
The Security Council has been paralysed on Syria for more than a year.
Russia and China have vetoed three Western-drafted resolutions which would simply have threatened sanctions.
Russia accuses the West of seeking regime change through force and insists it cannot make Assad stand down. The United States and its allies back the opposition stance that there can be no talks with Assad.
Read More: Following Syria massacre, UN envoy urges Security Council to act | World | DAWN.COM

Francofail: 'If France hits buffers, end of Euro inevitable'

France's Labour Minister has sent shivers down the spines of his compatriots after announcing that the country is a bankrupt state - in a radio interview on Sunday. Michel Sapin later rebutted the comment, saying it was a joke. Executive Director at DV Advisors, Patrick Young, doesn't see the funny side...

Tuesday, January 29, 2013

Massive sinkhole swallows buildings in Guangzhou, China

January 30, 2013CHINA - A massive sinkhole in Guangzhou, China, swallowed up buildings and knocked out power to thousands of residents. According to Shanghaiist, the sinkhole is about 3,230 square feet and plenty deep. A video shows a crowd milling about the sinkhole before it expanded, causing a building to crumble as if it were detonated. Neighboring buildings were evacuated and streets were blocked by police. “Gas could be smelt from over 30 metres away, and deafening noises could be heard as the land continued to crack and sink,” the Shanghaiist reports. Sinkholes are, unfortunately, nothing new. According to the U.S. Geological Survey, some sinkholes are human-induced. “New sinkholes have been correlated to land-use practices, especially from groundwater pumping and from construction and development practices.” They also occur in areas where the rock beneath the land surface can be easily dissolved by groundwater. Human-induced or not, sinkholes are getting a lot of press these days. In China’s Guangxi province last year, a sinkhole formed after a local school dug a well to ease its water shortage. Business Insider reports that in Beijing, massive bomb shelters, “constructed amid fears of an impending nuclear attack during the height of Chinese-Soviet tensions,” may be contributing to the problem. But they certainly aren’t limited to China. In 2011, a Florida sinkhole gobbled up “a garbage bin, an oak tree, the back wall of the building housing a salon and racks of supplies.” A woman in Guatemala City discovered a 3-feet-wide, 40-feet-deep sinkhole beneath her bed. And in Ohio, a massive sinkhole caused part of a state highway to collapse. –Yahoo News

Max Keiser's unpleasant facts on UK economy

Max Keiser deliveres some unpleasant truthes on the state of the UK economy. Questioned also by Mary Riddell from The Daily Telegraph and Craig Woodhouse from The Sun newspapers.

Escobar: Shadow wars & no interventions - US plan for MidEast & Asia

 A great collaboration over the last four years. That's how US President Barack Obama described his first term in office with Hillary Clinton - who's now leaving the post of Secretary of State. Both appeared in a joint televised interview, as America's top diplomat prepares to step down. Responding to the Obama-Clinton talk, Asia Times correspondent Pepe Escobar says the destabilization of North Africa will only get worse.

Britain to send forces to Mali as part of EU mission — why are Western powers suddenly interested in Africa?

Downing Street has said that the British government will dispatch 350 troops to Mali to aid French troops stationed in the country's north, as part of a UK mission to train local forces and engage in “force protection.”
­British representatives are attending a meeting in Brussels on Tuesday to discuss the provision of troops as part of an EU mission to the African country. The EU estimates that 500 supplementary troops will be sent to Mali, some 350 of which will be British. This will include approximately 40 military advisers who will train soldiers in Mali and 200 British soldiers to be sent to neighboring African countries.
An ECOWAS (Economic Community Of West African States) force of West African troops – about 7,500 of them – are also coming into Mali to take over some garrison duties, and steadily take over the fighting role from the French.
The budget for the campaign, which has been set at around $950m will be financed through an international donors' conference based in Ethiopia.
British Prime Minister David Cameron told French President Fran├žois Hollande on Sunday evening that the UK was keen to provide military assistance in Mali and West Africa, including the training of local forces.
Read More: Britain to send forces to Mali as part of EU mission — RT
Ancient manuscripts displayed at the library in the city of Timbuktu. Islamists fleeing Timbuktu in the face of a French-led offensive have torched a building housing ancient Arabic manuscripts, security and army sources said on January 28, 2013 (AFP Photo / Evan Schneider) 28.01, 18:49 20 comments

Torch and go: Islamists burn down rare manuscript library in Timbuktu

Islamist rebels have burnt down a library full of ancient manuscripts in the Malian town of Timbuktu as they fled, according to officials. The South African-funded library contained thousands of priceless documents dating back to the 13th century.
A French armoured vehicle patrols in a street of Diabali (400km north of Bamako) on January 23, 2013.(AFP PHOTO / Eric Feferberg) 25.01, 17:20 16 comments

Back to le future in Mali: French neo-colonialism looms over Africa?

Malians hoping French troops have arrived to save them from Islamists may see other objectives revealed. France views Mali as a promising source of uranium and oil, and part of a geopolitical game, say observers.
US Secretary of State Hillary Clinton holds a small US-made drone drone that the Ugandan military uses in Somalia to fight al-Qaida linked militants (AFP Photo / Pool / Jacquelyn Martin) Today: 05:10 32 comments

US considering new drone base in Africa - report

The US is planning to consolidate its position in Africa with a new drone outpost in Niger, with the stated purpose of providing unarmed surveillance support to French efforts in Mali and keeping tabs on al-Qaeda elements on the continent.
A convoy of French military vehicles drive on a road outside Markala, Mali, January 22, 2013. (Reuters / Joe Penney) 23.01, 17:24 13 comments

Desert is their land: ‘French up against Mali guerillas who don’t observe borders’

A successful advance of French troops in Mali has prompted hopes in the Malian command that the war could be over within a month. But freelance journalist Andy Morgan tells RT France is yet to taste the might of Islamists who dominate the desert.

Egypt Army chief warns of 'collapse of state' as troops deployed to 'protect' Suez Canal — RT

Egypt Army chief warns of 'collapse of state' as troops deployed to 'protect' Suez Canal — RT
Egyptian Defense Minister General Abdel Fattah Sissi has warned that the failure to resolve the political crisis currently gripping Egypt could ultimately lead to the “collapse of the state.”
­Sissi made the declaration on an official army Facebook page, and said that future generations could be endangered by the enduring conflict.
His comments were made as Egypt deployed military troops to cities on the Suez Canal, a major trading route connecting the Mediterranean Sea with the Red Sea. Sissi said that his primary motivation behind the dispatching of troops is the protection of this key waterway, which allows ships to cross the waterways without having to traverse all the way around Africa.
“The army's deployment in Port Said and Suez provinces aims to protect the vital strategic interests of the state, at the forefront of which is the vital Suez Canal,” he said.
Egypt has seen 52 deaths in the past week alone as violent protests erupted in three major canal cities: Port Said, Ismailia and Suez. Islamist President Mohammed Morsi responded by declaring a state of emergency in the cities, and imposing a 9:00pm curfew for residents.
So far, this curfew has largely gone ignored. Shops and cafes remained open in the three Suez cities, and thousands protested, chanting anti-Morsi slogans throughout the night. Local media reported that 590 people were injured on Monday.
Following the declaration of the state of emergency, the Egyptian cabinet approved a law enabling President Morsi to deploy the army to “help police maintain security and protect vital state institutions.” The law instructs the army to operate as a police force, rather than a military force, and requires that detainees to be sent to civilian, not military, courts.
The army will remain a “solid and the cohesive block,” Sissi said, warning that the political, economic, social and security problems facing Egypt comprise “a threat to the country's security and stability.”
An Egyptian protester flashes victory signs near a police vehicle on fire in Cairo's Tahrir Square on January 28, 2013 (AFP Photo / Mohammed Abed) Today: 01:59 17 comments

Two shot dead in ongoing Egypt clashes (PHOTOS)

A young man has been shot and killed in clashes near a police station in Port Said. Another person was killed in Cairo as violence continued across Egypt, despite the state of emergency and the curfew currently in effect in most volatile cities.
Egypt unrest
Egyptian protesters confront riot police near Cairo’s Tahrir Square on January 28, 2013 (AFP Photo / Khaled Desouki) 28.01, 14:42 32 comments

Egyptians protest curfew as clashes continue after Morsi’s ‘emergency’ announcement (VIDEO, PHOTOS)

Thousands of anti-government protesters have taken to the streets of three Egyptian cities in defiance of President Mohamed Morsi’s declaration of a curfew and state of emergency announcement.
Egypt unrest
Egyptian protesters run for cover after throwing stones at riot police during a demonstration in Cairo's Tahrir Square on January 26, 2013 (AFP Photo/Mohhamed Abed) (AP video from Cairo) 27.01, 15:58 68 comments

Morsi declares state of emergency in Egypt after 7 people die in fresh clashes (PHOTOS, VIDEO)

Egyptian President Mohamed Morsi has declared a 30-day state of emergency in Egypt and called for national dialogue, after ongoing clashes and protests led to the deaths of 49 people and left hundreds injured.
Egypt unrest
Egyptian protesters and fans of al-Masry football club take part in a demonstration in front of the prison in the Egyptian Suez Canal city of Port Said on January 25, 2013, calling for the prisoners who are suspected of killing 74 fans of al-Ahly club during a football match in February 2012, not to be transferred to Cairo to attend their trial. (AFP Photo) 26.01, 12:26 49 comments

Over 30 dead, army deployed in Egypt as riot flares up in Port Said after stadium stampede death sentences (PHOTOS)

32 people have been killed, including two policemen, and more than 300 injured during a riot in Egypt’s Port Said. The army has since been deployed, where a crowd attempted to storm a prison after death sentences were handed out for a past riot.

Monday, January 28, 2013

Dollar Sell Off Within 4 Months-John Williams of - YouTube If Congress does not get its financial house in order by the new deadline in mid-May 2013, John Williams of predicts, "It will be the end of the road . . . . They are not going to have another opportunity . . . they are pushing the limit as it is now." Williams says he expects, ". . . a negative reaction in the next 3 or 4 months to the dollar." Williams adamantly calls for hyperinflation to the U.S. dollar by the end of 2014. Join Greg Hunter of as he goes One-on-One with economist John Williams.

Following Libya, the Assault of Africa continues with Mali: Who is next - Algeria, Tunisia, Egypt, Sudan, Uganda, Tanzinia?

Is Mali another Afghanistan in the making? 

 (Reuters) - French and Malian troops on Monday sealed off Timbuktu, a UNESCO World Heritage site, after fleeing Islamist rebel fighters torched several buildings in the ancient Saharan trading town, including a priceless manuscript library.
Without a shot being fired to stop them, 1,000 French soldiers including paratroopers and 200 Malian troops seized the airport and surrounded the centuries-old Niger River city, looking to block the escape of al Qaeda-allied fighters.
The retaking of Timbuktu followed the swift capture by French and Malian forces at the weekend of Gao, another major northern Malian town which had also been occupied by the alliance of Islamist militant groups since last year.
A two-week intervention by France in its former Sahel colony, at the request of Mali's government but also with wide international backing, has driven the Islamist rebel fighters northwards out of towns into the desert and mountains.
Read More: French seal off Mali's Timbuktu, rebels torch library | Reuters

Currency Wars Heating Up As Taiwan, Korea And China Fire Warning Shots: Prelude to shooting wars?

While the overnight session has been relatively quiet, the overarching theme has been a simple one: currency warfare, as more of the world wakes up to what the BOJ is doing and doesn't like it. The latest entrants in global warfare: Taiwan, whose central bank overnight said it would step in the FX market if needed, then Thailand, whose currency was weakened on market adjustment according to Prasarn, and of course South Korea, where the BOK said that global currency war spreads protectionism. Last but not least was China which brought out the big guns after the PBOC deputy governor Yi Gang "warned on currency wars." To wit: "Quantitative easing for developed economies is generating some uncertainties in financial markets in terms of capital flows,” Yi, who is also head of China’s foreign-exchange regulator, told reporters. “Competitive devaluation is one aspect of it. If everyone is doing super QE, which currency will depreciate?” “A currency war, a series of tit-for-tat competitive devaluations, would trigger trade protection measures that would damage global trade and therefore growth globally,” said Louis Kuijs, chief China economist at Royal Bank of Scotland Plc in Hong Kong, who previously worked for the World Bank. “That would not be good for any country with a stake in the global economy.” Which brings us to the fundamental question - if everyone eases, has anyone eased? And is there such a thing as a free lunch when central banks simply finance global deficits while eating their soaring stock market cake too? The answer, of course, is no, but we will cross that bridge soon enough.
Read More: Currency Wars Heating Up As Taiwan, Korea And China Fire Warning Shots | Zero Hedge

Sunday, January 27, 2013

Lega bloodsucking loan sharking: Hook, Loan & Sinking: Quick cash enslaves Britons

Tough times are pushing people in the UK to make hard decisions. More and more families are taking so called payday loans with huge interest rates. RT's Sara Firth looks at what pushing people to turn to these companies. 

Devastating floods strike Queensland, Australia: disaster declared (VIDEO) — RT

Floods have wreaked havoc in Bundaberg on Australian’s east coast, causing hundreds of homes to be evacuated. Six tornadoes have already brought about at least one death in the northeastern state of Queensland as authorities declare a disaster.
­An elderly man was found dead following heavy flooding which has devastated the area in the aftermath of ex-tropical cyclone Oswald.
The damage is absolutely extraordinary – trees have been shredded, leaves thrown everywhere, trees pulled down, power lines pulled down, and a series of serious car accidents,” Jessie Grayson told Australia’s Ten News.
Army helicopters were called in to aid with the unfolding crisis. Eight people have already been airlifted from danger zones. Only one fisherman was found on Sunday morning, after two were reported missing following a skipper's emergency call in the early hours of Thursday morning, saying that the boat was taking on water.
An emergency evacuation warning was issued in Bundaberg, north of Brisbane, after the Burnett River’s banks broke on Sunday afternoon. It is expected to peak at more than 9 meters, topping the levels recorded in the 2010/2011 floods. The town of Gladstone is also preparing for the possibility of major floods, and 400 properties have been evacuated.
Read More: Devastating floods strike Queensland, disaster declared (VIDEO) — RT

Saturday, January 26, 2013

The U.S. Dollar Collapse Is Accelerating. By Gregory Mannarino - Video

30 dead, army deployed in Egypt as riot flares up in Port Said after stadium stampede death sentences (PHOTOS) — RT

30 people have been killed, including two policemen, and more than 300 injured during a riot in Egypt’s Port Said. The army has since been deployed, where a crowd attempted to storm a prison after death sentences were handed out for a past riot.
The deadly assault follows the sentencing of 21 people to death for the riot and stampede in Port Said in which dozens were killed last February.
As the verdict was issued in Port Said, the families of the condemned attempted to storm the city prison, Egyptian state TV reported. Several sources reported that automatic rifles using live ammunition have been shot from the crowd at the scene.
Two police officers were gunned down outside the prison. There are also reports of two football players among 28 civilian deaths in the riots, according to AP.
The director of hospitals in the city, Dr Abdel Raham Farah, says Mahmoud Abdel-Halim al-Dizawi, a footballer, who plays for Port Said's Al-Marikh club, was shot three times and died.
He says Tamer al-Fahla, a former player for the city's main team Al-Masry, was also shot dead on his way to the rival Al-Marikh club.
The club is near a prison residents tried to storm Saturday to free defendants in the soccer stadium riot trial. The military has been deployed to try and restore security.
Security forces had to fire teargas to disperse the crowd, mainly family members, trying to break into the prison with rocks and firearms.
A police station was torched and a minibus that belonged to one of the media channels was set on fire.
Protesters are currently surrounding the morgue.

Friday, January 25, 2013

Neverending Protest: Egypt marks 2 yrs of revolution with fresh clashes - Russia Today

Hundreds of demonstrators clashed with Egyptian police in Tahrir Square, Cairo, protesting against President Mohamed Morsi and his party. The violence comes on the second anniversary of the Egyptian uprising that saw Hosni Mubarak toppled - FULL STORY+PHOTOS

Apple Is No Longer The World's Most Expensive Company | Zero Hedge

Irony of all ironies; on the 1-year anniversary of AAPL replacing XOM as the world's most-expensive market capitalized company, the incessant fall of the formerly invincible has dragged it back below XOM once again. This one-year of glory is disappointing as when MSFT managed to top XOM in 1998, it held on to the top-spot for almost 3 years before relinquishing it back to the company that runs the world's most valuable limited resource.
One-year on - and AAPL is now less than XOM once again...

while MSFT managed to hold the #1 spot for almost 3 years...

Of course the day's volatility will likely swing AAPL and XOM in and out of each other...

Thursday, January 24, 2013

US dollar to collapse in 2013: Max Keiser

The US dollar is expected to take a value nosedive in 2013 if China refuses to continue financing Washington’s spiraling debt, an economic analyst tells Press TV.Touching upon the recent tax law and spending cuts in the United States, Max Keiser noted in a Thursday interview with Press TV that when America takes on more debt than it is able to repay by collecting taxes, the difference is paid for and financed by China.

China’s support for the US debts has turned America into the worst G20 economy in terms of the gap between its spending and revenues, he pointed out. Keiser noted that in 2013 “…the US dollar will collapse because China won’t finance it anymore and that is the risk that we are talking about, the risk that [the US President Barack] Obama does not tell his population and that is unconscionable; that is a lack of leadership.” The analyst stated that US is heading into a “hyperinflationary economy” as a consequence of the catastrophe caused by “the very rich in America.”
He also warned of an imminent neo-feudalism in the global economy where there is an “incredible disparity” between the economic titans and the ordinary public.
Read More: PressTV - US dollar to collapse in 2013: Economist

Wednesday, January 23, 2013

Bankers are above the law - the Law says so!

Watch The Untouchables on PBS. See more from FRONTLINE.
Those who watched Frontline's special on why nobody has been prosecuted on Wall Street titled appropriately "The Untouchables" didn't learn much new. The rehash of ideas presented is what has been well known for years - namely that when it comes to prosecuting Wall Street criminals nothing will ever happen, because as Bill Gross tweeted " Its not Republican in politics. Its not Dem in politics. Its money in politics" and all the money in politics comes from Wall Street, which happens to be the ultimate ruler of the United States of America, pushing levers here and pulling stringer there to give the impression the constitutional republic is still alive. It isn't - this country has become an unchecked despotism of those in charge of money creation and who control capital - just the thing Andrew Jackson warned against. One thing we did learn, was courtesy of Assistant Attorney General Lenny Breuer who made it very clear that when it comes to the concept of justice the banks are and always have been "more equal" than others. He does so in such shocking clarity and enthusiasm that it is a miracle that this person is still employed by the US Department of Justice. To wit from the transcript:
MARTIN SMITH: You gave a speech before the New York Bar Association. And in that speech, you made a reference to losing sleep at night, worrying about what a lawsuit might result in at a large financial institution. LANNY BREUER: Right. MARTIN SMITH: Is that really the job of a prosecutor, to worry about anything other than simply pursuing justice? LANNY BREUER: Well, I think I am pursuing justice. And I think the entire responsibility of the department is to pursue justice. But in any given case, I think I and prosecutors around the country, being responsible, should speak to regulators, should speak to experts, because if I bring a case against institution A, and as a result of bringing that case, there’s some huge economic effect — if it creates a ripple effect so that suddenly, counterparties and other financial institutions or other companies that had nothing to do with this are affected badly — it’s a factor we need to know and understand.
In other words, no criminal charges can be levied against anyone who engaged in the crimes leading to the great financial crisis of 2008 because, get this, the implications of pursuing justice may have destabilizing implications! In other words, the banker threat of Mutual Assured Destruction has metastasized from the legislative, where in 2008 Hank Paulson demanded a blank check from Congress to spend it on whatever he wishes, "or else...", and has fully taken over the Judicial, where there is Justice for all... and no "Justice" for those who are systemically important. Read More: Assistant Attorney General Admits On TV That In The US Justice Does Not Apply To The Banks | Zero Hedge

The Big Chill: unusual stratospheric phenomenon is bringing frigid cold to U.S and Canada

 January 23, 2013CLIMATE – An unusual event playing out high in the atmosphere above the Arctic Circle is setting the stage for what could be weeks upon weeks of frigid cold across wide swaths of the U.S., having already helped to bring cold and snowy weather to parts of Europe. Forecast high temperatures on Monday, Jan. 21, from the GFS computer model. This phenomenon, known as a “sudden stratospheric warming event,” started on Jan. 6, but is something that is just beginning to have an effect on weather patterns across North America and Europe. While the physics behind sudden stratospheric warming events are complicated, their implications are not: such events are often harbingers of colder weather in North America and Eurasia. The ongoing event favors colder and possibly stormier weather for as long as four to eight weeks after the event, meaning that after a mild start to the winter, the rest of this month and February could bring the coldest weather of the winter season to parts of the U.S., along with a heightened chance of snow. 
 Read More:
The Big Chill: unusual stratospheric phenomenon is bringing frigid cold to U.S | The Extinction Protocol: 2012 and beyond

Friday, January 18, 2013

Economic Collapse News Update Jan/ 18. 2013

Max Keiser just reported that JP Morgan has earnestly started hoarding commodities in anticipation of the collapse of the world Bond markets. This would indicate that JPM and other bankers are moving out of paper assets into real assets that they expect will rise exponentially in value as fiat currencies begin to die.

[KR393] Keiser Report: Whore-der of JP Morgan /
We discuss the fact that markets don't kill economies, banksters kill economies. They also discuss JP Morgan's copper ETF in London and Blythe Masters, the well known hoar-der of commodities.