Doubts on Saudi Capacity May Keep Oil Volatile

Oil prices are likely to remain volatile over the next year, analysts say, amid worries that Saudi Arabia has become less able to pump the global market out of any extraordinary disruptions to supply.

Saudi Arabia and some smaller Gulf oil producers have stepped in to cover recent shortfalls, but analysts are increasingly skeptical about whether these countries have the capacity to shield Western consumers against a new oil shock.

"The cushion to cope with supply shortfalls looks uncomfortably thin, especially in light of heightened geopolitical risks in the Middle East and Africa," Deutsche Bank said in a report Friday.

http://online.wsj.com/article/SB10000872396390444358804578016140459750174.html

Proff Kjell Aleklett - Will Saudi Arabia Become an Oil Importer by 2030?

the volume of oil available for importation by the OECD nations in 2020 will contract by half compared to what was available in 2005 when “Peak Oil Exports” occurred
http://aleklett.wordpress.com/2012/09/12/will-saudi-arabia-become-oil-importer-by-2030-new-blogg/

Plosser Says QE3 Risks Fed Credibility, Won’t Boost Jobs

Federal Reserve Bank of Philadelphia President Charles Plosser said new bond buying announced by the Fed this month probably won’t boost growth or hiring and may jeopardize the central bank’s credibility.

“We are unlikely to see much benefit to growth or to employment from further asset purchases,” Plosser said in a speech today at the district bank in Philadelphia. “Conveying the idea that such action will have a substantive impact on labor markets and the speed of the recovery risks the Fed’s credibility.”

http://www.bloomberg.com/news/2012-09-25/plosser-says-qe3-risks-fed-credibility-won-t-boost-jobs.html

evidence for giants nephilim

http://www.youtube.com/watch?v=N63lhtx2q8o&feature=g-vrec

Keiser Report: World Flash Clash Center

In this episode, Max Keiser and Stacy Herbert discuss flash crashes, reputation woes on the U.S. exchanges and sheep screaming at all the fraud. Max also talks to one of the Queen's sheep for its opinion on quantitative easing. In the second half of the show, Max Keiser talks to Jim Rickards, author of Currency Wars, about QE to infinity, the dollar, the euro and a gold standard.
http://www.youtube.com/watch?v=0lkYP1emX8I&feature=player_embedded

Bank Of Japan Increases Asset Purchases By Y10 Trillion, Total Program Now Y80 Trillion, Total Debt Still Y1 Quadrillion

It seems like only yesterday that we were lamenting "Einstein rolling over in his grave" as a result of the BOJ's latest increase in its asset purchase program from Y65 to Y70 trillion, although technically it was 5 months ago on April 27. We would excuse Einstein if he were doing cartwheels in his grave right about now, following the BOJ's latest attempt to keep doing what has definitvely failed for 30 years, hoping this time it will be different, as a result of the just announced latest expansion in the asset purchase program's size by yet another Y10 trillion, this time to a total of Y80 trillion. The expansion impacts only JGBs and T-Bills, both of which will be monetized by a further Y5 trillion. Putting this in perspective, Japan's total public debt is Y1 quadrillion, and counting very fast. All other components of the Japanese LSAP program, including CP, Corporate Bonds, ETFs and REITs (yes, unlike the Fed, the BOJ is quite open about its equity and corporate bond purchases) remain the same. Bottom line, just as we predicted back in July 2009, the global race to debase continues unabated, and as a result of QEternity will merely accelerate until the only true currency is gold tungsten.
http://www.zerohedge.com/news/bank-japan-increases-asset-purchases-y10-trillion-total-program-now-y80-trillion

Thanks to the Fed's QEternity, BOJ's extra easing has zero impact

http://www.zerohedge.com/news/jpy10-trillion-intervention-half-life-5-hours-full-fade-8-hours

Debt crisis: central bank action is work of the devil, says Germany's Jens Weidmann

The head of Germany’s Bundesbank has raised eyebrows across Europe after he appeared to compare Mario Draghi’s bond buying programme with the "devil’s work".

http://www.telegraph.co.uk/finance/financialcrisis/9551348/Debt-crisis-central-bank-action-is-work-of-the-devil-says-Germanys-Jens-Weidmann.html#

The Next Recession Will Be Triggered By Oil

At this point all the pieces are in place for the inflationary spike and currency crisis I’ve been predicting for 2014. We now have open ended QE that is tied to economic output and unemployment. But since debasing currencies has historically never been the cure for the bursting of a credit bubble, all the Fed is going to produce is spiraling inflation. So as this progresses we are going to see the Fed printing faster and faster as the result they are looking for never materializes. This is what will ultimately drive the currency crisis at the dollar’s next three year cycle low in 2014.

At this point, watch the price of oil if you want to know when the next recession is going to begin. As I’ve pointed out many times in the past, recessions (well, at least since World War II) have all been preceded by a sharp spike in the price of energy. Any move of 100% or more in a year or less, has historically been the straw that breaks the camel’s back. Modern economies cannot survive that kind of shock. It invariably triggers the collapse of consumer discretionary spending and economic activity comes to a grinding halt.

So we will watch the price of oil as it rises out of its three-year cycle low. If it hits $160 by next summer that will probably be enough to start the economy on the next downward spiral. If politicians get involved (and I’m sure they will) and try to impose price controls, they will multiply the damage and probably guarantee that the next economic downturn escalates into a truly catastrophic depression.

Until we see the spike in oil and the corresponding damage to the economy, no one has any business trying to short anything – well maybe bonds, but even that will be risky because the Fed is going to be actively trying to prop the bond market up and keep interest rates artificially low.

All in all there is going to be so much money to be made on the long side, especially in precious metals, that no one needs to fool around with puny little gains on the short side, especially in a market that is going to be hell to trade from the short side. The time to sell short will be in 2014 after the dollar’s next three year cycle low. The dollar’s rally out of that bottom will correspond with the next global economic collapse, ultimately caused by the decisions made by the ECB and the Fed this past week. I dare say if they could see the damage their decisions are going to inflict upon the world and the dire unintended consequences, maybe they would finally stop kicking the can down the road and let the economy heal naturally. Of course that would entail several years of severe pain and politicians, as we all know, are extremely allergic to that.

The period 2014-2015 is when we are going to see the stock market drop 60-75% and the next great leg down in this secular bear market. But until then there’s probably a pretty good chance we are going to see the S&P at new all-time highs in the next six months-12 months.

http://www.resourceinvestor.com/2012/09/17/the-next-recession-will-be-triggered-by-oil

Gerald Celente - Todd Feinburg, WRKO - September 17, 2012

The Trends Journal® is the World's #1 source for the most important trends that are shaping the future. The Trends Journal® shows you how these trends will affect your life, how to profit from them, and what to do to avoid pitfalls. Regardless of business or profession, the Trends Journal® provides insights, strategies and opportunities to help you navigate these treacherous, unprecedented times.
http://www.youtube.com/watch?v=Hrlg14BRPCM&feature=player_embedded#!

Max Keiser: Global Collapse by April!

Max discuss collateral transformation desk feeding the multitude of banksters with five quadrillion in infinitely leveraged toxic derivatives and two Treasury bills of a bankrupt nation.
http://www.youtube.com/watch?v=pXXPVndVvxQ&feature=player_embedded

The March to $200+ Oil - Expected over the next 2-4 years

Executive Summary

• Why pressures to the downside have less impact when the global economy is weak
• Why oil's new floor is $80
• The 'upside risk' story for oil prices
• Why prices will march up to the $150-175 range over the next 2-4 years (with increasing sensitivity to spikes of over $200+ per barrel)

If you have not yet read Part I: The Repricing of Oil, available free to all readers, please click here to read it first.

I encourage others to read the entire recent paper on Nominal GDP (NGDP) Targeting by Michael Woodford (recently delivered at Jackson Hole) or to simply read its coverage, either by Joe Weisenthal at Business Insider or Paul Krugman at the New York Times. In short, I take the appearance of the Woodford paper(link opens to PDF) as the inevitable next-step solution to the problem of unpayable debt and scarce resources. By loudly and flagrantly voicing a policy pursuit of inflation, Nominal GDP Targeting (which has been discussed for some time in economic circles) would be the next iteration of behavioral prodding in Western economies.

More importantly, the growing acceptance of NGDP targeting in policy circles simplifies the battle that began a decade ago: the struggle to counter emerging scarcity of natural resources with the provision of greater and greater amounts of cheap credit. Within the contours of this battle lies the answer as to whether oil’s next major move is downward, in a deflationary collapse, as global demand vanishes in a new economic crisis; or whether oil’s next major move is higher, as the five billion people in the developing world pull the OECD along in a new expansion.

http://www.peakprosperity.com/insider/79591/march-200-oil

Don't Count on Revolution in Oil Supply

Much as all the stakeholders in the energy industry would like to be optimistic, it isn't an oil glut by 2020 that is keeping oil prices as high as they are. It is the reality that the oil sector has been pushed to the limit of its capabilities and that this difficult challenge will dominate energy markets for the rest of the decade.
http://www.theoildrum.com/node/9411

Manna - psilocybin mushroom inspired documentary

http://www.youtube.com/watch?v=_xfe7g-3Xuk

Darwin's Unfinished Business: The Self-Organizing Intelligence of Natur

Darwin’s theory of evolution is undoubtedly one of the most important scientific ideas of the modern age, explaining the existence of both life and consciousness without recourse to divine intervention. Yet how do we interpret evolution? How do we evaluate the ability of Nature to engineer something as exquisite as the genetic code or the human brain? Could it be that evolution is an intelligent process? Is Nature smart? According to most scientists, the answer is no. While humanity may be intelligent and purposeful, the natural processes that crafted us are deemed to be devoid of such attributes. 

In a radical move away from orthodoxy, Simon G. Powell extends Darwin’s vision by showing that evolution is not just about the survival of the fittest but rather the survival of clever and sensible behavior. Revealing the importance of the context in which things evolve, he explores the intelligent learning process behind natural selection. Rich with examples of the incredibly complex plants, animals, insects, and marine life designed by Nature--from the carnivorous Venus flytrap and the fungus-farming leafcutter ant to the symbiotic microbes found inside the common cow--he shows Nature as a whole to be a system of self-organizing intelligence in which life and consciousness were always destined to emerge. Examining the origins of life and the failure of artificial intelligence to compete with natural intelligence, he explains how our scientifically narrow-minded views on intelligence are now acting as a barrier to our own evolution. As Darwin’s unfinished business comes to light and Nature’s intelligence is embraced, we learn that Nature’s agenda is not simply the replication of genetic matter but of expanding consciousness. By working with Nature’s creative and innovative powers instead of against them, we can address today’s social and environmental challenges with a new green science of evolution.
http://www.amazon.com/Darwin-27s-Unfinished-Business-Self-Organizing-Intelligence/dp/1594774404/ref=pd_rhf_gw_p_t_3

Simon G. Powell

After graduating from UCL in 92, Simon G. Powell suffered an extended bout of 'mushroom fever' brought on by excessive psilocybin use. After his 'mushroom fever' subsided, he was left with a case of chronic biophilia compounded by chronic gaiaphilia. He was compelled to write a number of unorthodox books, including The Psilocybin Solution and Darwin's Unfinished Business. He also wrote and directed two documentaries: Manna and Metanoia. Simon discusses the experience and the message of the psilocybin mushroom. We’ll talk about Earth intelligence and its connection to human consciousness. Then, Simon refutes Jan Irvin’s research on the secret history of the magic mushroom and Gordon Wasson’s involvement with the CIA. He also comments on John M. Allegro’s mushroom cult theory.

Websites: simongpowell.com Music: Cruise of the Condor by Simon G. Powellhttp://www.redicecreations.com/radio3fourteen/2012/R314-120912.php

MATT CORBY- BROTHER

http://www.youtube.com/watch?v=KSqnahuC-fs&feature=related

Matt Corby - Lonely Boy
http://www.youtube.com/watch?v=rxRs5kvsqro&feature=related

Bernanke And Draghi Are Not Trying To Save Our Economies

It's time to get this through our heads once and for all: Bernanke And Draghi Are Not Trying To Save Our Economies. Perhaps they would if they could, but the question is moot: they know they can't. Instead, they're trying to save the financial system by stealing our remaining wealth while making us believe that the economy and the financial system - a.k.a. the banking industry - are one and the same thing. They are not, and that's why we see our jobs and benefits and homes go up in thin air and smoke while the S&P looks rosy.

Those last two things are connected. The first are not, no matter that so far most people fall for the sleight of hand. Which is sad today, and will turn to tragedy tomorrow.
http://theautomaticearth.com/Finance/bernanke-and-draghi-are-not-trying-to-save-our-economies.html

We Are Now Beginning The Last Wave Of Gold's Major Uptrend

On the heels of the Fed announcing QE3, and the gold market surging higher, today King World News wanted to speak with the firm that is calling for $10,000 gold.  Paul Brodsky, who co-founded QB Asset Management Company, had this to say about what what the Fed and other central planners are doing:  “What I’ve noticed about today’s move is that the Fed embarked on more QE, but without any pretense, it seems, of economic stimulation.  I think this is something that investors, economists and others should take note of.”

Paul Brodsky continues:

“It may be ‘crossing the Rubicon’ if you will, from the thinking that the Fed might be able to elicit a cyclical economic rebound, to it looks as though we have a serious debt problem.  In an economic environment in the United States in which the budget deficit is on pace to grow at $1 trillion a year, it seems to me that the markets are starting to internalize that this is something bigger than what was previously acknowledged.  

We have been arguing for quite some time now that this really isn’t an economic stimulus game that the Fed and other central banks are playing.  What they are really trying to do is to de-lever the system....

“We see the $40 billion a month in mortgage backed securities purchases as being a way to put your thumb in the dyke.  We think it’s only going to get larger.  There is much more of this to come.  The frequency of further QE announcements is going to be greater, and it’s ultimately going to lead to much higher resource and precious metals prices.

Gold was up today, but what I really think we are looking at is a fundamental shift in investor psychology in that there is only so much central banks can do in terms of real economic stimulation.  Meaning they can’t.  So, again, what we are looking at is a deleveraging process that has to take place.  There is nothing that fiscal policy can do about it.  

We also think we are beginning the next and last wave of gold’s uptrend.  In reality, the move today was muted.  I would agree with Felix Zulauf’s comment (on KWN) today that you are supposed to buy the dips, and that’s been our strategy for years now.”  

Brodsky added:  “I would also agree with Felix that we are in the process of witnessing the end of the fiat money system right now.  The end result is probably going to be a new global currency regime.  It’s the only politically expedient way out.

By the way, the deleveraging that has to take place is the gap between bank assets and base money, and maybe even more than that.  There are only two ways to handle this.  The first way is to let it deteriorate on its own.  That would involve bank system failure and a deflationary depression.

The other way to deleverage is to simply manufacture the base money, which of course destroys the purchasing power of all savings.  We believe this second choice is what the central planners have been and will continue to choose.  This frankly defines QE.  They are confirming it because this is the 3rd round of QE we have seen, and they are going to continue doing more.

The bottom line here is that investors need to make sure they protect their purchasing power as the currencies are destroyed.”

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/9/13_We_Are_Now_Beginning_The_Last_Wave_Of_Golds_Major_Uptrend.html 

Peter D. Goodgame - Interview

WHEN THE Antichrist prophesied by Daniel, Paul, Jesus, and John (temporarily) takes control of the Earth, it will not be his first time on the world stage.

Peter D. Goodgame returns to the Bunker after too long away to discuss his new book, The Second Coming of the Antichrist.  Peter draws on the work of archaeologists, historians, and prophecy scholars, adds his own analysis, and builds a compelling case for the surprising identity of “the beast that was and is not”.

Note: After last week’s interview with Aaron Judkins, it was called to my attention that even some young Earth creationists such as Dr. John D. Morris, President of the Institute for Creation Research, believe that it is “improper for creationists to continue to use the Paluxy data as evidence against evolution” because the tracks are, at best, inconclusive.  However, there are still unanswered questions raised by the soft tissues preserved in fossils supposedly millions of years old.

http://vftb.net/?p=4605

Modern Jazz Quartet - Pyramid

http://www.youtube.com/watch?v=fS6APY7ilo0

Ill Fares the Land

A gift to the next generation of engaged citizens, from one of our most celebrated intellectuals. 

As the economic collapse of 2008 made clear, the social contract that defined postwar life in Europe and America-the guarantee of security, stability, and fairness-is no longer guaranteed; in fact, it's no longer part of the common discourse. Tony Judt, one of our leading historians and thinkers, offers the language we need to address our common needs, rejecting the nihilistic individualism of the far Right and the debunked socialism of the past. In reintroducing alternatives to the status quo, Judt invigorates our political conversation, furnishing the tools necessary to imagine a new form of governance and a better way of life.
http://www.amazon.com/Ill-Fares-Land-Tony-Judt/dp/0143118765/ref=sr_1_1?ie=UTF8&qid=1347764897&sr=8-1&keywords=ill+fares+the+land

Tony Robert Judt, FBA (/dʒʌt/ jut; 2 January 1948 – 6 August 2010)^[1] was a British historian, essayist, and university professor who specialized in European history. Judt moved to New York and served as the Erich Maria Remarque Professor in European Studies at New York University, and Director of NYU's Erich Maria Remarque Institute. He was a frequent contributor to the New York Review of Books. In 1996 Judt was elected a Fellow of the American Academy of Arts and Sciences and in 2007 a corresponding Fellow of the British Academy.
http://en.wikipedia.org/wiki/Tony_Judt

In anticipation of a possible QE3 (in December..?)

In the last 30 days (since August 13th), platinum has risen by 18.9%, silver by 18.7%, palladium by 18.4% and gold by 7.6%. All remain well below their nominal record highs (see charts) and more importantly well below their inflation adjusted highs.

http://www.zerohedge.com/news/monetary-%E2%80%9Cfloodgates%E2%80%9D-and-geopolitical-unrest-support-precious-metals

While hardly a factor in the Fed's thinking which is due to present its announcement in 4 hours, today's Initial claims report came at 382K, the biggest miss to expectations (370K) in 2 months, and up from last week's naturally upward revised claims of 367K. The 15K jump is the biggest weekly spike in 2 months and 4th largest this year. Just as relevantly, as we warned months ago, those on extended claims continue to run out at a fast pace, with 41K people losing their extended benefits, down by nearly 1.8 million from a year ago, and are forced to seek disability benefits to keep the government dole running. More importantly, and just as Bernanke is doing his best to stoke inflation,producer prices soared by 1.7% in August, up from July's 0.3%, and well above expectations of 1.2%. This was the biggest M/M spike since the 1.9% surge in June of 2009, and was driven primarily by soaring food prices, which however as everyone knows, is not really a factor in the Fed's thinking. "On an unadjusted basis, prices for finished goods climbed 2.0 percent for the 12 months ended August 2012, the largest advance since a 2.8-percent increase for the 12 months ended March 2012." Then again, who out there needs food or energy - inflation is precisely what Bernanke wants, the FOMC will welcome this news with open arms. But at least the Fed will create jobs and get people to give up on renting which is the New Normal buying, and scramble right back into the housing re-bubble.

http://www.zerohedge.com/news/jobless-claims-spike-fourth-largest-2012-producer-prices-surge-most-june-2009

Peter Goodgame interview - Ironshow

Part 1
http://ironshow.com/petergoodgame/FQShow64Hr1.mp3

Part 2
http://ironshow.com/petergoodgame/FQShow64Hr2.mp3

Osiris: Dying and Rising God of Egypt... and Freemasonry

There is much more to the mystery of the "Dying Gods" than either the critics or the mainstream defenders of Christianity are willing to admit. Jesus was truly a historical figure. Even the vast majority of atheist scholars agree that He must have existed, and the deniers of the "Historical Jesus" remain on the fringe of the academic world. However, there is also a pagan "Savior figure" who appears on the historical record, who lived over three thousand years before Jesus. He ruled as a great conqueror in the ancient Near East and his legacy was remembered by every culture from that region, in some form or other. Over the millennia he truly did become the "hero with a thousand faces." But Jesus of Nazareth is not a part of this pagan "dying and rising god" mythology; He is the answer to it.
http://redmoonrising.com/osiris.htm

The Globalists and the Islamists: Fomenting the "Clash of Civilizations" for a New World Order

http://www.redmoonrising.com/Ikhwan/Clash.htm

The Second Coming of the Antichrist

Five thousand years ago the world fell victim to the rise of history's first great superpower: a massive empire based on the expansion of trade backed by overwhelming military might, under the leadership of a legendary figure who was feared and worshiped as a god. Indeed, this ancient king's legacy left a lasting imprint upon history, mythology, and religion, eclipsed only by the appearance of Jesus Christ three thousand years later. The Antichrist is dead, but his story is not over. Through an extensive analysis of archaeological evidence, ancient mythological accounts, and biblical and occult predictions, The Second Coming of the Antichrist reveals that story.

This book gives an in depth study of the earliest beginnings of man, and ancient Sumerian culture, language, and beliefs. The scholarship is excellent with many footnotes and source listings for further study. This book is not a "Left Behind" type book of speculation written for entertainment and to generate popular sales. However it is for the person who takes the study of the Word of God seriously and realizes that modern concepts of the Anti-Christ leave much to be desired. The world will be astounded when they realize that they are witnessing the bodily resurrection of an ancient entity that caused the downfall of Adam and Eve at the very beginning of creation. The Anti-Christ is dead (for now), but he's not going to stay dead much longer.
http://www.amazon.com/Second-Coming-Antichrist-Peter-Goodgame/dp/0985604514/ref=sr_1_1?ie=UTF8&qid=1347519208&sr=8-1&keywords=The+Second+Coming+of+the+Antichrist

George W. Bush New Order of the Ages
http://www.youtube.com/watch?v=IF-obJ8lYWc

Economist Richard Duncan: Civilization May Not Survive 'Death Spiral'

Richard Duncan, formerly of the World Bank and chief economist at Blackhorse Asset Mgmt., says America's $16 trillion federal debt has escalated into a "death spiral, "as he told CNBC. 

And it could result in a depression so severe that he doesn't "think our civilization could survive it."

And Duncan is not alone in warning that the U.S. economy may go into a "death spiral." 

Since the recession, noted economists including Laurence Kotlikoff, a former member of President Reagan's Council of Economic Advisers, have come to similar conclusions. 

Kotlikoff estimates the true fiscal gap is $211 trillion when unfunded entitlements like Social Security and Medicare are included. 

However, while the debt crisis numbers are well known to most Americans, the economy hasn't suffered a major correction for almost 4 years.

So the questions remain: Is the threat of collapse for real? And if so, when? 

A team of scientists, economists, and geopolitical analysts believes they have proof that the threat is indeed real - and the danger imminent. 

One member of this team, Chris Martenson, a pathologist and former VP of a Fortune 300 company, explains their findings:

"We found an identical pattern in our debt, total credit market, and money supply that guaranteesthey're going to fail. This pattern is nearly the same as in any pyramid scheme, one that escalates exponentially fast before it collapses. Governments around the globe are chiefly responsible. 
http://moneymorning.com/ob/economist-richard-duncan-civilization-may-not-survive-death-spiral/

Terry Jones and Sam Bacile Outrageously Blamed for US Embassy Attacks in Egypt and Libya

In Islam, it is considered blasphemous to mock or even depict the so-called prophet. Of course, it is one thing to insist that such censorship prevail in one’s own country. It is quite another toviolently demand that other countries do likewise.  
 http://www.policymic.com/articles/14591/terry-jones-and-sam-bacile-outrageously-blamed-for-us-embassy-attacks-in-egypt-and-libya

ISLAMISTS DRAG DEAD BODY OF US AMBASSADOR THROUGH THE STREETS OF BENGHAZI!
http://www.thegatewaypundit.com/2012/09/islamists-drag-dead-body-of-us-ambassador-in-the-streets/

Islam's Ancient Divide Fuels Middle East Conflicts

They began as a cry for freedom in the Middle East, but the Arab rebellions have become increasingly characterized by an ancient sectarian conflict between Sunni and Shiite Muslims. SPIEGEL examines how the power struggle between the two groups is sparking new fears along old frontlines.
http://www.spiegel.de/international/world/how-islam-s-ancient-sectarian-divide-fuels-conflict-in-the-middle-east-a-854106.html

Jim Rogers - 2012 to 2015

http://www.youtube.com/watch?v=l-c0If35Ab0&feature=g-vrec

Intelligence Committee Chair Describes Explosive Confrontation Between Netanyahu and American Ambassador

Rep. Mike Rogers, the Michigan Republican who chairs the House Intelligence Committee, says that his much-discussed meeting with Israeli Prime Minister Benjamin Netanyahu in Jerusalem late last month did, in fact, devolve into an sharp confrontation between Netanyahu and the American ambassador to Israel, the former National Security Council official (and former Obama campaign Jewish liaison), Dan Shapiro.

Rogers told a Michigan radio interviewer earlier this week that he had not previously witnessed such a high-level confrontation, and he described Israeli leaders as being at "wits' end" over what they see as President Obama's unwillingness to provide them with his "red lines" in the effort to stop Iran's nuclear program. He also said that neither the Israelis nor the Iranians believe that Obama would use force to stop the nuclear program. (UPDATE: Rogers said as well he believes the Israelis will "probably" bomb Iran if they don't get clearer red lines from the U.S.)

Rogers description of the meeting directly contradicts repeated Administration assertions that there is "no daylight" on the Iran issue with the Israeli government. Shortly after the meeting took place, Israeli press reports appeared suggesting that Netanyahu and Shapiro had engaged in an argument, but Shapiro soon dismissed those reports, calling them "silly" and saying, "The published account of that meeting did not reflect what actually occurred in the meeting. The conversations were entirely friendly and professional."

Rogers, speaking to WJR radio host Frank Beckmann, painted a very different picture. He said the meeting, originally scheduled to be a discussion of intelligence and technical issues between himself and the prime minister, spun out of control when Netanyahu began lambasting Shapiro over the Administration's Iran policy. When Beckmann asked Rogers to describe the tenor of the meeting, he said: "Very tense. Some very sharp... exchanges and it was very, very clear the Israelis had lost their patience with the (Obama) Administration." He went on, "There was no doubt. You could not walk out of that meeting and think that they had not lost their patience with this Administration."

Rogers said Israeli frustration grows from what they see -- and he sees -- as a refusal by the Obama Administration to outline an endgame: "(I)t was very clear the overarching policy has been frustrating mainly because I think it's not very clear. What we walked out of that meeting knowing is that the Administration was trying to defend itself." By the end, he said, there was a "sharp exchange between the Administration's representative there, our ambassador there, and Mr. Netanyahu, which was unusual to say the least, but I thought at the end of the day maybe productive."
http://www.theatlantic.com/international/archive/2012/09/intelligence-committee-chair-describes-explosive-confrontation-between-netanyahu-and-american-ambassador/262056/

Why Software Is Eating The World

This week, Hewlett-Packard (where I am on the board) announced that it is exploring jettisoning its struggling PC business in favor of investing more heavily in software, where it sees better potential for growth. Meanwhile, Google plans to buy up the cellphone handset maker Motorola Mobility. Both moves surprised the tech world. But both moves are also in line with a trend I've observed, one that makes me optimistic about the future growth of the American and world economies, despite the recent turmoil in the stock market.

In an interview with WSJ's Kevin Delaney, Groupon and LinkedIn investor Marc Andreessen insists that the recent popularity of tech companies does not constitute a bubble. He also stressed that both Apple and Google are undervalued and that "the market doesn't like tech."

In short, software is eating the world.:
http://online.wsj.com/article/SB10001424053111903480904576512250915629460.html

Big Data is Creating A Digital Nervous System

What does it mean to have a digital nervous system? The key trait is to make an organization’s feedback loop entirely digital. That is, a direct connection from sensing and monitoring inputs through to product outputs. That’s straightforward on the web. It’s getting increasingly easier in retail. Perhaps the biggest shifts in our world will come as sensors and robotics bring the advantages web companies have now to domains such as industry, transport, and the military.

The reach of digital nervous system has grown steadily over the past 30 years, and each step brings gains in agility and flexibility, along with an order of magnitude more data. First, from specific application programs to general business use with the PC. Then, direct interaction over the web. Mobile adds awareness of time and place, along with instant notification. The next step, to cloud, breaks down data silos and adds storage and compute elasticity through cloud computing. Now, we’re integrating smart agents, able to act on our behalf, and connections to the real world through sensors and automation.
http://www.forbes.com/sites/oreillymedia/2012/09/04/big-data-is-creating-a-digital-nervous-system/2/

ECB bond plan not game changer but buys time - Roubini

Sept. 7 - Renowned NYU economics professor, Nouriel Roubini, says the ECB's plan to buy government bonds will help the euro zone, but will not solve all its problems.
http://www.youtube.com/watch?v=hz2cIaGwidg

The Market Is Expecting $850 Billion NEW QE

Last week we discussed what the expectations were for Draghi's OMT - approximately EUR250bn - which coincidentally provided cover for the rest of the year (conditionally) for the entire new issuance of the European Union. Based on EURUSD's recent exuberance - something we saw ahead of QE1 and QE2 - the market is now more than primed for some serious USD debasement. The current EURUSD of 1.2850 implies a Fed-to-ECB balance sheet ratio around 1.11x. If we assume the ECB wil not have to fire its conditional bazooka (of which is priced in 100% likelihood of EUR250bn), then the Fed is expected to conjure a monetization scheme of around USD580bn - anything less would be a disappointment to the market. However, if we assume the ECB will be doing it's bond-buying monetization thing  - as per the equity market's expectations - then the Fed will need to come to the table with a bag of swag around USD850bn in order to debase the USD just enough to regain some hope. It seems like the market has priced in a great deal of monetary policy exuberance  - especially considering how 'confident' consumers appear to be.
http://www.zerohedge.com/news/market-expecting-850-billion-new-qe

and if they don't...

http://www.silverdoctors.com/jeff-christian/

Marc Faber on a Global Crash, the U.S. Treasury Bubble and China's Slowdown

http://www.youtube.com/watch?v=zWcs4MZGSJU&feature=g-vrec

How Darwin, Huxley, and the Esalen Institute launched the 2012 and psychedelic revolutions - and began one of the largest mind control operations in history.

By Jan Irvin | GnosticMedia.com

My investigation into Thomas Henry Huxley’s background (grandfather to Aldous and Julian) reveals him as THE KEY promoter of Darwin’s theories, who was his friend and teacher, and through Huxley’s “X Club” (http://en.wikipedia.org/wiki/X_Club) they created academics who would promote Darwin’s ideas (not coincidently, spin offs of this “X-Club” include the X-men comic series (on eugenics and evolution) and Fourth World comics (on mind control) by Stan Lee and Jack Kirby – the “Forth World” being tied to the UN’s Agenda 21 (See the UN’s website – http://www.un.org/esa/dsd/agenda21/) and (UNCED) Fourth World Wilderness – “battle for the mind” – conferences (http://youtu.be/JUdgiehz9dU).

My feeling is that the word “X” for MDMA is directly related. X-files? Possibly many others.). Later Julian Huxley would take up his grandfather’s stance in promoting Darwin’s theory, eugenics/humanism, etc, publishing nearly a dozen books on these topics. Aldous would follow suit via his novels.
The Darwins eventually married into the Huxley family: Charles Darwin > George Howard Darwin > Charles Galton Darwin > George Pember Darwin (great grandson) – marries Angela Huxley – Aldous’s niece (Thomas Huxley’s great granddaughter).
http://en.wikipedia.org/wiki/Huxley_family

The Jesuit priest Pierre Teilhard de Chardin of Piltdown Hoax fame, a major influence of hippie story teller Terence McKenna, also created the Habit and Novelty / Time wave zero concept, which he called “The Omega Point” – but without the 2011/2012 end point.
http://en.wikipedia.org/wiki/Omega_Point

“Omega Point is a term coined by the French Jesuit Pierre Teilhard de Chardin (1881–1955) to describe a maximum level of complexity and consciousness towards which he believed the universe was evolving.”
Not coincidently, at the end of the above video regarding UNCED, we hear none other than Edmund de Rothschild himself cite Tielhard regarding his views on this.

Tielhard, who’s a (the) key suspect for creating the Piltdown Hoax, the largest academic scandal in history (http://en.wikipedia.org/wiki/Piltdown_Man), also (along with CIA agent, Prof. Michael Coe, at Yale) influenced Terence’s ideas of 2012 and the end of time. Not coincidently, Coe and William Burroughs came up with the idea around the same time. Coe, aside from being CIA, is married to Sophie – the daughter of eugenicist Theodosius Dobzhansky – who was tied closely with Julian Huxley. Coe and Theodosius had close relations.

The ORIGINS of this idea that we’re evolving through psychedelics, et al, can be traced from Darwin and Thomas Huxley to Julian and Aldous Huxley, directly to the Esalen Institute, and from there we can trace the 2012 tie-in aspect to Coe at Yale in his 1966 book on the Maya (and also, probably not coincidently, William Burroughs just shortly before Coe), and to Tielhard’s Omega point theory. Coe’s book is now in it’s 8^thedition:
http://www.amazon.com/Eighth-Edition-Ancient-Peoples-Places/dp/0500289026/ref=sr_1_fkmr0_1?s=books&ie=UTF8&qid=1346174459&sr=1-1-fkmr0&keywords=michael+coe+secrets+maya

And then it can be traced to the In Search of TV program, which we’ll cover in a moment, and then on to Terence McKenna and Jose Arguelles.
Tielhard also influenced Terence’s ideas of the Stoned Ape theory: I suggest that with the many ties to Tielhard’s ideas found in McKenna’s work regarding the end of time and human evolution, and right back to Julian Huxley and Darwin, that we can tie McKenna’s idea of the Stoned Ape theory directly to the Piltdown Hoax and the Huxleys, and their secret agenda at making any and every attempt to prove “Darwin’s” theory of evolution, whom Thomas Huxley was the key promoter, and Julian after him. And not coincidently, both Thomas and Julian Huxley were presidents of the Royal Society, and not coincidently gave themselves and their friends (including Darwin) Copley and Darwin awards.
Not coincidently, Tielhard also wrote a book with Julian Huxley’s introduction:
http://www.amazon.com/The-Phenomenon-Of-Man-ebook/dp/B004HW7BZE

Via the Esalen Institute this multi-generational plan to “evolutionize” ( – their idea of evolution was just for them and the elites, not the rest of society whom they planned to dumb down and exterminate via their ideas laid forth in their many published books and programs on eugenics and humanism.) much of humanity was pushed forth via Aldous – with the help of Michael Murphy and Dick Price, with other connections to the Stanford Research Institute (SRI) and the Tavistock Institute and many intelligence agencies, and other, similar sorts of mind control connections, such as with B.F. Skinner – creator of operant conditioning and “the Skinner box” (Esalen even brags of his time there! – http://www.esalen.org/assets/pdfs/friendsnewsletter/FriendsofEsalen-V1402.pdf), who worked with the infamous Prof. Henry A. Murray at Harvard of MKULTRA fame. Dr. Tim Leary worked under Murray, and the infamous Dr. Ted Kaczynski, “the Unabomber”, was a part of Prof. Murray’s experiments. Dr. Kaczynski had attempted to shut those at SRI working on ARPANET and these other mind control / spying systems, down ( see The Net – http://www.youtube.com/watch?v=doQAwLb-DEE). Not coincidently, it appears that Dick Price also studied in Murray’s department at Harvard. http://en.wikipedia.org/wiki/Dick_Price
http://en.wikipedia.org/wiki/Harvard_Department_of_Social_Relations

But this whole entire thing can be traced to the Huxley family – ALL of it.
From the above we trace this 2012 meme lineage to the In Search Of TV program (season 2, ep. 4 – http://www.youtube.com/watch?v=uNqOkpbv4xI) where they say in the closing minutes that 2011/2012 may be used to bring in a world government (it started out as the 2011 meme but was later changed to 2012). And from there it’s picked up by Terence McKenna, also working at Esalen and tied directly to the Huxleys:

“He [Terence] knew Francis Huxley, an anthropologist and one of Julian’s two sons. The other, Anthony, was a botanist.  Francis lived in Santa Fe and we knew him through personal circles there. Though how well Terence knew him, I have no idea. Not well. I only met him once or twice myself, so it was more of an acquaintanceship than a friendship. Laura, of course, was Aldous wife and was a beloved figure in the psychedelic community as a result.  I’m sure she probably hung out at Esalen and may have been there when T was there, which was regularly in the 80s and 90s.”
~ Dennis McKenna

So here we see that Terence even hung out with Francis Huxley, son to Julian Huxley. And of course Julian is one of the key suspects in this entire investigation. Coincidence? We also see that Terence likely spent extensive time at Esalen while Laura Huxley was there. Again, coincidence? Coincidently, Terence’s archives were destroyed in a fire – at Esalen. Maybe to cover up all of these “coincidences”:

Is it coincidence that Terence would hang out with the great grandson of one of the key promoters of Darwin’s theories, Francis Huxley (1), who had ties via his own family to Darwin’s via his cousin (2), and was influenced heavily by Tielhard (3) – who created the Piltdown Hoax (4) – who happened also to have an intro in his book written by Julian Huxley (5), Francis’s father (6), and should then come up with the Stoned Ape theory (7), and promote it and the 2012 meme that was developed by a CIA agent, Coe (8), who just so happened to hang out with a friend of Julian’s, Dobhzanski (9), and then dispense the entire meme from Esalen (10), where he spent time with Aldous’s wife, Laura (11), and Esalen happens to be co-created by Aldous Huxley himself (12)?

12 coincidences, and that’s not even counting all of the other ties mentioned above to the Huxleys and Darwin.
(note: At this point those who can still maintain this many coincidences and still not see an agenda should have their heads checked – as this many coincidences is statistically impossible.)

It’s also picked up by Jose Arguelles, not coincidently also at Esalen, and pushed forth until he dies, but not before Daniel Pinchbeck (as he admits, his last name, “possibly coincidently”, means “fools gold”) picks up the 2012 torch and carries it on.

The ties between Darwin, Thomas Huxley, Julian, and Aldous (the Brave New World), down to Pierre Tielhard de Chardin, and Michael Coe and Theodosius Dobhzanski to Esalen, and down to Terence McKenna are incredible to contemplate, especially when considering that Aldous was a key founder of the Esalen institute, and Esalen has been a key promoter in using psychedelics for “evolution” all the while hiding the Huxley family’s deep connections to eugenics, humanism, et al. (for those who don’t know, humanism is the practice the elites use to get we the slaves to give up our autonomy to the greater religion of statism – ultimately them.)

And when we realize that ALL of the players center around the Huxleys and Esalen, we have one of those “oh fuck” moments.

http://webbrain.com/brainpage/brain/6FBA86B0-0C57-9FCA-5CF9-D742DA541AAA#-675

Right now we can’t prove that McKenna was an agent, but he was most certainly, at least, a willful idiot.

The cat’s out of the bag. Please spread this post to every psychedelic and 2012 group you that you can possibly share this with. This information needs to get out IMMEDIATELY.

By Jan Irvin, GnosticMedia.com

China buying Euro bonds with Constantin Gurdgiev

In this edition of the show Max interviews Constantin Gurdgiev from twitter.com/GTCost. Constantin talks about whether China's move to buy European bonds is good news or bad news for the Eurozone.

Constantin Gurdgiev is a Russian economist based in Dublin, Ireland. He is a former editor of Business & Finance Magazine. He is an adjunct lecturer in Finance with Trinity College, Dublin and has lectured in Economics at University College Dublin and Johns Hopkins University.
http://www.youtube.com/watch?feature=player_embedded&v=WvzZRLy7gIk#!

The Gold Solution is a Lie - Bill Still

http://www.youtube.com/watch?v=WVlqwJ00LMU&list=UUhZRoC9bMegevAxFmee1oSA&index=1&feature=plcp

The first 2 minutes of Max Keiser's latest is so interesting regarding the von Mises Institute.

https://www.youtube.com/watch?feature=player_embedded&v=hBHcpxxsq8w#!

Many are questioning now -- for the first time -- the previously accepted dogma that gold is good. Why do smart folks like Peter Schiff, Ed Griffin and Ron Paul refuse to take a fresh look at this question when they are spouting the same philosophy that J.P. Morgan espoused 100 years ago.

My take on Ed Griffin is that he is a patriot and well-intended. He, like Ron Paul, grew up at that time when the von Mises folks were in their ascendency. Their real agenda was hidden. Schiff, Griffin and Paul would have to admit they were wrong. They would have to admit that the von Mises/old school Libertarians were -- at best -- nothing but anarchists -- and worse than that, plutocrats. 

The von Mises folk believe that the average person is too stupid to effectively participate in self-governance, so, therefore, all governance should default to non-governance??? History clearly shows that a state of non-governance will quickly default into the hands of the few -- the crown and its banks -- plutocracy. In either case, they do not believe in humanity's thousand-year great experiment in self-governance. 

Freedom is a delicate balance between too much governance and too little. What the von Mises folk won't admit is that serfdom exists at either end of that balance. Von Mises folk don't realize that the anarchism professed openly by Prof. Murray Rothbard & company does not yield maximal human political freedom. Nature abhors a vacuum. Every anarchy in world history is followed in short order by tyranny and maximal centralization of power. 

Ed Griffin and Ron Paul would rather go to their graves than admit they had swallowed this poison pill of the last 4 decades, hook, line and sinker.

I'm studying J.P. Morgan and the Rockefellers right now. Morgan constantly supported the gold standard calling it "sound money." He also considered himself a pirate -- oops, I mean a "privateer" -- in the service of the British Crown and the City. That's why he called all 4 of his yachts, "Corsair", and painted them black. Not surprisingly, he stopped short of flying the "Jolly Roger", however. 

Gold money is the ultimate centralization of the money power. Yes, it IS sound money. The quantity is easily controlled, but it does not democratize the money power to operate to the benefit of we, the people. It centralizes it into the hands of those few best able to buy up the commodity serving as the monetary base -- gold. This would, in fact, be the bankers.

I believe that a sovereign money must serve the public interest -- by definition.
I believe that gold money does not serve the public interest.
I believe power should be decentralized to the maximum extent which is politically practical. Too much decentralization slips over into anarchy and yields the same as too much centralization in the first place.