There Goes Spain

The people in Spain are protesting throughout the country as the austerity measures have cut government payrolls and services. The country cannot afford to borrow money at 7.3% to finance its debt. Once Finland forced Spain to provide hard guarantees for their portion of the “bailout”, the other Euro nations involved will demand the same guarantees or will not participate. Germany will decide whether they want to form a new Reich through a financial takeover or close their borders. This decision will happen in September if the EU can hold out.

David DeGerolamo

Spanish Stocks Plunge Most In 12 Months As Egan-Jones Cuts Spain To CCC+

With IBEX down 6%, 10Y yields over 7.30%, 10Y spread over 610bps, and EURJPY at 12 year lows; the hits just keep coming… Continue reading

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“The Fear Of God Is Not In This Place”

The fear of God is a predicate for people’s respect for the elderly. (Leviticus 19:32) The fear of God is a predicate for a political leader’s respect for liberty and refusal to engage in or allow oppression. (Leviticus 25:17) The fear of God is a predicate for honest financial and business practices. (Leviticus 25:36) And the fear of God is a predicate for a leader of any kind to not be tyrannical and heavy handed. (Leviticus 25:43)

And, as we are approaching the anniversary of the federal fiasco that took place near Ruby Ridge, Idaho, I am reminded again of how the lack of the fear of God is demonstrated in the way that our political leaders conduct themselves. How could federal agents possess the fear of God when they shot a fourteen-year-old boy in the back, and when one of them took aim through a high powered scoped rifle and shot the brains out of a young mother who was innocently standing in the doorway of her own home holding her infant child in her arms? Furthermore, how could federal agents possess the fear of God when they machine-gunned mostly elderly men, women, and children as they fled the burning buildings at Mt. Carmel outside Waco, Texas?

In addition, how can politicians in Washington, D.C., possess the fear of God when they routinely lie, steal, violate their oaths to the Constitution, and wreak havoc upon the liberties and freedoms of the American people? How can the banksters at the Federal Reserve possess the fear of God when they deliberately rape the US economy and purposefully manipulate the markets so as to destroy the financial well being of tens of millions of families? How can federal government officials at the highest levels possess the fear of God when they engage in international drug running and murder?

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First Military Base Same-Sex Wedding Held

ht gay wedding military ceremony kb 120719 wblog First Military Base Same Sex Wedding Held

Two men became the first same-sex couple to marry on a military base when they held their wedding ceremony last month at Joint Base McGuire-Dix-Lakehurst in New Jersey.

Tech Sgt. Erwynn Umali and his partner, Will Behrens, married June 23 on the base where Umali, an active member of the Air Force, had been stationed. It was a decision that would have been unthinkable just nine months ago, before the law requiring them to keep their relationship a secret was repealed.

“We asked [about holding the ceremony on the base], and they were very open about it, but [said], ‘No one has ever asked us this question before,’”  Umali said in a Facebook chat hosted by Slate. “We did not get any push back from the base or leadership. All they asked was that we be patient because this was the very first one.”

Both men say this positive reaction is the same sort of response they have gotten since going public with their relationship to Umali’s peers in the military. After Don’t Ask, Don’t Tell was repealed last September, Umali decided to open up about his relationship with Behrens.

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Spain police clash with austerity protesters

httpv://www.youtube.com/watch?v=4h-IsK9t0qs

From YouTube (courtesy of Al Jazeera):

Eurozone ministers are expected to give their final approval of a huge bailout of Spanish banks on Friday. But in Madrid, police fired rubber-coated bullets to disperse protesters.

They are angry at the latest budget cuts and tax hikes as demonstrations were held in 80 cities.

Al Jazeera’s Paul Brennan reports from the capital, Madrid

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David Stockman: Austerity Is Not Discretionary

httpv://www.youtube.com/watch?v=jKprapaBXPo

From YouTube:

At the latest Casey Research Conference, “Recovery Reality Check” in Weston, Florida, Casey Research’s Chief Technology Investment Strategist Alex Daley sits down with David Stockman, former Director of the Office of Management and Budget under President Ronald Reagan.

h/t Pastor Bob

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‘NONSENSE’: MUSLIM REP. KEITH ELLISON SLAMS ASSERTION THAT ISLAMIC EXTREMISTS HAVE INFILTRATED THE U.S. GOVERNMENT

httpv://www.youtube.com/watch?v=Hl5xoSq4hOs

On June 13th, Michele Bachmann (R-MN),  Trent Franks (R-AZ), Louie Gohmert (R-TX), Tom Rooney (FL-16) and Lynn Westmoreland (R-GA) sent official letters to the Inspectors General of the Office of the Director of National Intelligence, the Department of Defense, the Department of Homeland Security, the Department of Justice, and the Department of State with the intention of determining the level of infiltration by Islamic extremist groups within their respective organizations.

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World braced for new food crisis

A corn plant in a drought-stricken farm field near Vincennes, IndianaThe world is facing a new food crisis as the worst US drought in more than 50 years pushes agricultural commodity prices to record highs.

Corn and soyabean prices surged to record highs on Thursday, surpassing the peaks of the 2007-08 crisis that sparked food riots in more than 30 countries. Wheat prices are not yet at record levels but have rallied more than 50 per cent in five weeks, exceeding prices reached in the wake of Russia’s 2010 export ban.

The drought in the US, which supplies nearly half the world’s exports of corn and much of its soyabeans and wheat, will reverberate well beyond its borders, affecting consumers from Egypt to China.

“I’ve been in the business more than 30 years and this is by far and away the most serious weather issue and supply and demand problem that I have seen by a mile,” said a senior executive at a trading house. “It’s not even comparable to 2007-08.”

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O’Reilly – The real Barack Obama has finally stood up

A social justice, anti-capitalist? Is this the new “label” for a man whose mission is to punish America for its success? Whatever you call the president, the bottom line is that history will label him as the man who destroyed the United States.

David DeGerolamo

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A Hizballah suicide terror revival launched by the Burgas bus bombing

Suicide bomber awaits his prey

The suicide bombing attack in Bulgaria that left five Israelis dead and more than 30 injured Wednesday, July 18, is seen by Israeli and Western intelligence and counter-terror sources as marking Hizballah’s regression to its old tactics. After a 17-year break in major international attacks, the Lebanese terrorist group is again sending suicide killers to murder Israelis and Jews.

In the 1980s, Hizballah was notorious for its massive bomb attacks against US Marines in Lebanon and the US embassy in Beirut, which left more than 300 dead. In the early 1990s, the Israeli embassy in Buenos Aires, Argentina was blown up killing 29 people, followed by the destruction of the Jewish center in the city leaving 85 people.

It is now evident that the old Hizballah is back and fully equipped with suicide killers standing by for action worldwide at the bases of its far-flung terrorist, espionage, dope-smuggling and money laundry networks.

Western counter-terror experts give Israel’s Mossad, Shin Bet and Military Intelligence a failed mark for missing those preparations and not appreciating the significance of the bungled Iranian-backed Hizballah bomb and assassination plots over the past year or two in India, Turkey, Azerhianjan, Thailand, Georgia, Kenya and Cyprus. They were experienced ought to have realized that Hizballah planners were testing the ground and their own methods and analyzing their performance, before concluding that suicide attacks would get them the optimal results, namely, maximum fatalities.

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14 dead, at least 50 injured in shooting at Colorado movie theater

Sky News

CNN

CBS Denver

From FoxNews:

At least 12 people have been killed and up to 50 injured after a mass shooting at a showing of “The Dark Knight Rises” at a suburban Denver movie theater, police say.

The suspect, identified by federal law enforcement officials as James Holmes, 24, is in police custody. KUSA reports that Holmes kicked down an emergency door at the theater, threw in some type of a smoke bomb and began shooting when moviegoers started to run.

Witnesses say they heard a series of explosions and up to 20 gunshots after the scene grew chaotic. About 100 witnesses were taken to a local high school to be questioned by police.

Police, ambulances and emergency crews swarmed on the Aurora, Colo., theater after frantic 911 calls around 12:30 a.m. local time, officials said.

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Where Is The Line For Revolution?

by Brandon Smith

The subject of revolution is a touchy one.  It’s not a word that should be thrown around lightly, and when it is uttered at all, it elicits a chaotic jumble of opinions and debates from know-it-alls the world over.  The “R” word has been persona non grata for quite some time in America, and until recently, was met with jeers and knee-jerk belligerence.  However, let’s face it; today, the idea is not so far fetched.  We have a global banking system that is feeding like a tapeworm in the stagnant guts of our economy.  We suffer an election system so fraudulent BOTH sides of the political spectrum now represent a hyper-rich minority while the rest of us are simply expected to play along and enjoy the illusion of choice.  We have a judicial body that has gone out of its way to whittle down our civil liberties and to marginalize our Constitution as some kind of “outdated relic”.  We have an executive branch that issues special orders like monarchical edicts every month, each new order even more invasive and oppressive than the last.  And, we have an establishment system that now believes it has the right to surveil the citizenry en masse and on the slightest whim without any consideration for 4th Amendment protections.

There are plenty of pessimists out there who would assert that Americans are totally oblivious to these developments.  I have not found that to be true at all.  Millions of people are awake to such issues, and millions more are, at the very least, angry at the state of things, though they may not fully understand the source of their distress.

Only a fool would deny that a fight is in the air…

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Time to Remember Our Past

Pensive

Printable Version

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Michele Bachmann responds to attacks after she calls for investigation of Muslim Brotherhood

Congresswoman Michele Bachmann joined The Glenn Beck Radio Program on GBTV this morning to discuss the growing influence of the Muslim Brotherhood in Washington, DC and the attacks on her in the wake of her calls for an investigation. The full interview is available in the clip above.

Transcript of the interview is below:

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As The US Drought Spreads To India, Will The Black Swan Be Deep Fried

By now it should be more than clear that the entire hope-based, short-squeeze driven, algo-mediated rally is the result of the last traces of hope: with the US economy openly in free-fall mode, housing supported only by once again increasing shadow inventory (and even that myth is starting to falter following today’s existing home sales update), corporate profits just barely holding in as a result of the last possible cuts into the bone via personnel terminations now that YoY revenue numbers have once again sloped lower and the corporate growth cycle has turned, there is little sustaining the market aside from the mysterious seller of endless vol, which could be well, anyone, and some quiet prayer that China may step in and once again, like back in 2009, be the marginal economic dynamo that restarts the global economy one more time. It would do that in the conventional way, of course: by easing as much as it possibly can. There is, however, one problem with this: food prices. As everyone knows the product the PBOC pays more attention to than anything else is food: pork, soy, corn, etc., and particularly food prices. Because if there is one thing that can cause social upheavals in the world’s most populous country, it is a rerun of the spring of 2011 when as a result of global easing, we saw not only the Arab Spring, but violent flare ups throughout China. Which brings us to today’s topic: black swans. Deep fried black swans.

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Video Footage Of Suspected Israel Bus Suicide Bomber Who Is Caucasian And Had Fake Michigan License

httpv://www.youtube.com/watch?v=E37c-RncXG8

So we will see the media’s reaction today on this “news”. Curious that the Israeli bus bombing received no reporting on Iranian news services. We were warned about false flags previously.

David DeGerolamo

Zerohedge article:

From Haaretz:

A top Bulgarian official said it was a “mistake” to lay the responsibility of a terror attack on an Israeli tourist bus on any specific countries or organizations, on Thursday, as security camera footage revealed the person authorities suspected of perpetrating the suicide attack.

Earlier Thursday, Israeli and Bulgarian stated that the Wednesday attack on the bus in the coastal city of Burgas, killing seven and wounding dozens, was a suicide bombing.

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