Thursday, July 3, 2008

Lessons from the Gemara: How Jesus Walked on Water

Jesus, the Gemara says he was a bad student, who was certainly not learned in Sefer Yetzirah. It states he snuck into the temple and copied down the name of G-d from the priests head-piece, then cut his leg and inserted it inside. That's what it says. This is how he performed flying "walking on water" etc. Then the priest chased him down and shined the inside of his head-piece onto him, and it ended.
This is from the Gemara (Talmud) according to a Jewish friend who studied at a Bet Midrash. There are gnostic texts that say Jesus knew the secrets of the Hebrew letters and then learned how to perform miracles by understanding the Sefer Yetzirah.

Wednesday, July 2, 2008

FED Throws Gasoline on Fire - Auctions 1/13th of a Trillion in New Money

[FED Polices Causing Inflationary Depression to Reach Complete Economic Integration]

U.S. Federal Reserve auctions $75 billion to ease credit stresses

Tue Jul 1, 10:12 AM

By Jeannine Aversa, The Associated Press

WASHINGTON - The U.S. Federal Reserve has auctioned another $75 billion in loans to squeezed banks to help them overcome credit problems and announced it will provide a fresh batch of the loans this month.

The central bank on Tuesday released the results of its most recent auction - the 15th since the program began in December. It's part of an ongoing effort to ease financial turmoil and credit stresses.

In the latest auction, commercial banks paid an interest rate of 2.340 per cent for the 28-day loans. There were 77 bidders. The Fed received bids for $90.88 billion worth of the loans. The auction was conducted on Monday with the results made public on Tuesday.

The Fed also said it will conduct two auctions in July. Banks will have an opportunity to bid on a slice of $75 billion in short-term loans in each auction.

In mid-December the Fed announced it was creating an auction program that would give banks a new way to get short-term loans from the central bank and to help them over the credit hump. A global credit crunch has made banks reluctant to lend to each other, which has crimped lending to individuals and businesses.

The smooth flow of credit is the economy's lifeblood. It permits people to finance big-ticket purchases, such as homes and cars, and help businesses expand operations and hire workers.

Wanting to avert a broader panic that could endanger the entire U.S. financial system, the Fed has taken a number of extraordinary actions to provide relief. In its broadest extension of lending authority since the 1930s, the central bank agreed in March to temporarily let investment firms obtain emergency loans directly from the Fed, a privilege that only commercial banks had been granted.

The central bank is expected to focus more on these and other efforts to help banks and investment firms overcome any credit troubles now that it has ended its nearly yearlong series of interest rate cuts aimed at shoring up shaky economic growth.

Last week the Fed left its key rate alone at two per cent as fears about inflation have mounted. The Fed is caught between two risky economic crosscurrents: plodding economic growth on the one hand and galloping energy and food prices that threaten to spread inflation on the other.

Lowering interest rates again would aggravate inflation. But boosting rates too soon to fend off inflation could deal a set back to fragile economic and financial conditions.

July 23rd -- The Day the Dollar Crashes?

The largest banks in the world have been repeatedly stating that a global depression is coming. Fortis Bank, the 20th largest company in the world and 3rd largest bank, said yesterday that a complete collapse of the US financial system is expected in the next few days to weeks.

Fortis believes that 6,000 banks in the US will go bankrupt, as well as Citigroup and General Motors. Due to the crisis, Fortis narrowly avoided insolvency itself recently and were saved by a € 9 billion injection.

Sources indicate that July 23rd could be the day the dollar crashes.

Other banks warning of a financial apocalypse is the Royal Bank of Scotland (RBS), Barclays, Morgan Stanley and the almighty Bank for International Settlements (BIS).

"A very nasty period is soon to be upon us - be prepared."
- Bob Janjuah, Morgan Stanley

"Cash is the key safe haven. This is about not losing your money, and not losing your job." - Bob Janjuah, Morgan Stanley

"The point of maximum stress could occur in coming months if the ECB carries out the threat this month by Jean-Claude Trichet to raise rates. It will be worse yet - for Europe - if the Fed backs away from expected tightening. "This could trigger another 'catastrophic' event," warned Morgan Stanley."

Protect your family just in case:

- Buy longterm supplies/food
- Sell *all* stocks, bonds and financial instruments
- Liquidate IRAs, 401ks, retirement plans etc
- Buy agricultural commodities (things people use), buy gold/silver, short stocks (ibanks, etc)

Read the mainstream news articles:

Barclays warns of a financial storm as Federal Reserve's credibility crumbles

Morgan Stanley warns of 'catastrophic event' as ECB fights Federal Reserve

BIS Warns of Great Depression from Credit Spree [the FED's Central Banker, most powerful bank in world]


RBS Issues Global Stock and Credit Crash Alert

Support for Euro in Doubt - European Monetary Union unstable

Market full of oil, price trend "fake": Ahmadinejad

Friday, June 27, 2008

Bob Conley wins Democrat Primary for US Senate

www.bobconleyforsenate.com

He's taking on Lindsey Graham as a Jeffersonian Democrat?

ALERT: Federal Reserve in Crisis

Inflation will cause the FED to start buy $100 bills for 9 cents instead of 7 cents. Some years ago the FED only paid 2 1/2 cents per $100 bill.

As the Chicago FED Spokesman said, they current pay about 7 cents for $100 worth of Belgium chocolate or oil but due to new anti-counterfeiting measures they will start paying 9 cents.

Basically the FED counterfeits US currency and to prevent others from doing the same it is costing them more money to hold the monopoly on counterfeiting.

Investopedia says, "Oddly enough, the dollar bills that we carry around in our wallets are not considered lawful money." So if they are not lawful, they must be unlawful.

Tuesday, June 17, 2008

Yudin wins BCRO Chairmanship

Yudin wins BCRO Chairmanship
By Matt Friedman

Robert Ortiz’s reign as Bergen County Republican Chairman came to an end tonight, just 11 months after he took the helm of this beleaguered party.

The victory for Bob Yudin, 69, was the conclusion of a particularly nasty and hard fought battle, but Yudin sought to start the process of unifying the party immediately.

“No recriminations. None,” said Yudin in his victory speech. “This is about all of us getting together, and uniting as one Bergen County Republican Organization.”

Yudin won with 412 votes to Ortiz’s 317.

Yudin acknowledged that the party has seen better days, and said that local Republicans need to face the facts that elections won’t be won by huge margins. Instead, he talked up building the party from a local level on up – the same philosophy that helped bring Ortiz to victory last year.

“I’m very confident in my ability to captain the Titanic around the iceberg, and I’m going to work very hard to bring the S.S. Bergen County Republican Ship into port,” he said. “We have an enormous amount of work to do. A house is not built from the top down. A house is built from the foundation up.”

In calling for unity, Yudin said that he would talk with Ortiz to come up with a significant position for him I the party. He even made some remarks that some county committee members saw as an acknowledgement that he may support Ortiz for the chairmanship sometime in the future.

“I really am 69 years old and I’m not going to stay forever,” said Yudin, who plans to devote himself full-time to the job. “So I want to say to Rob that I want you to stay and be active.”

Yudin, in his first order of business, made the surprise move of appointing Republican activist Joe Caruso as the party’s new finance chairman. Caruso, who lives in Passaic County, was instrumental in getting Ortiz elected last summer, but frustrated with a perceived lack of input, switched over to support Yudin.

Tonight’s results were the culmination of a fall from grace for Ortiz, 36, a former fundraiser for George W. Bush who was considered a rising star in the party when he was first elected last July. His loss tonight can be traced to several political missteps that galvanized opposition by some of his former supporters and at least one prominent politician who remained neutral last year: state Sen. Gerald Cardinale.

In his concession speech, Ortiz congratulated Yudin and asked his supporters to rally around him.

Ortiz acknowledged that one of the main reasons he lost was his recruitment of Andy Unanue, a friend and client, to run for U.S. Senate after the BCRO had given state Sen. Joe Pennacchio the county line. That candidacy lasted three weeks before revelations about Unanue’s work history and residency derailed it.

“I’m pretty sure I expended a lot of political capital on that, and hindsight is 20/20.” said Ortiz. “But at the end of the day, he was a friend and he wanted to get into the races.”

Cardinale cited several other missteps, like the failure to get last year’s District 37 legislative candidates enough $10 donations to qualify for public funding under the Clean Elections program, and a slow start getting to work after Ortiz was initially elected. Other critics pointed to unwanted robo-calls in the non-partisan Ridgewood council races last month, and Ortiz’s devotion of party resources to Rudy Giuliani’s presidential campaign.

“It was obvious that he didn’t have a concept of what the job entails,” said Cardinale.

Before the results were in, Ortiz supporters cast the race as between the old guard and the new guard. Anthony Attanasio, a 27-year-old Union County resident who managed Kate Whimtan’s congressional campaign, said that Yudin supporters expected too much, too soon from Ortiz.

“Some guy just walked up to me before and said ‘Ortiz has done nothing for the party. Raising $200,000 in 10 months and having a net gain of 19 council seats is nothing?,” he said.

Former Bergen County Utilities Authority Chairman Ben Focarino, who was knocked out in last week’s election and then endorsed Yudin, said that the party’s internal divisions will heal shortly. Before the results were in, Focarino said that Yudin would bring activists from “different paths” to the party, and that Ortiz could learn from the experience.

“He’s probably learned more in the last 10 days than he has in the last 10 months.”

Sunday, June 15, 2008

Why I love Yerba Mate

The ancient South American super tea

Mate is a highly delicious tea like drink. It is actually made of a sub tropical evergreen. It is best enjoyed hot or cold and the leaves readily send their pungent flavor into hot (not boiling) water. The 'tea' is wonderful hot or cold and can also be brewed in the sun.

I love the slightly minty tinge it gives on the palate and its delightful after taste. A very small sprinkle of sugar gives a large amount of change to the succulent drink.

The South Americans use Mate for many health benefits it provides. My favorite benefit is that the tea will gently cleanse the body of toxins in a short amount of time. It is a great reliever of constipation while providing lots of vitamins and minerals. Since the tea is best steeped in hot water (approx 140-170 degrees)it can be steeped for a very long period of time without bitterness or alteration of flavor in a negative way. Energy from its caffeine also makes one feel great and get a much desired mental stimulation without any jitters or anxiety other caffeine drinks cause.

The caffeine type agent in Yerba Mate is wonderfully mild, and for me is consumable in the evening without any effects on sleeping.

The best thing about Mate is that it is really inexpensive. I get it for about one dollar fifty cents per pound and a pound will brew forty to fifty cups or more. Cruz De Malta from Argentina is my favorite brand and is common; most Mexican grocers carry Mate. Argentina (among other South American countries) prides itself as a major producer and consumer of the famed shrub/tree as well as reverencing Mate as its national drink.

Somehow I lived a quarter of a century, visited Colombia and never encountered this cherished drink until an Argentine neighbor shared a bombilla (a small gourd with a metal straw for consuming mate) with me. Then they sent me home with about a half pound of the sweet green leaves. Now I enjoy a cup or two per week on ice in summer and hot in winter. I also enjoy a hot cup whenever I am sick and it seems to make me feel much better. A loyal Argentine would probably swear by the health benefits of Mate.. as for me; I am beginning to believe!

Friday, June 13, 2008

Listen to Ron Paul - The Revolution Continues

The BIS - the World's Most Powerful and Secret Bank - Warns of Great Depression

Bank for International Settlements (BIS)

Central bank body warns of Great Depression
by Gill Montia

The Bank for International Settlements (BIS), the organisation that fosters cooperation between central banks, has warned that the credit crisis could lead world economies into a crash on a scale not seen since the 1930s.

In its latest quarterly report, the body points out that the Great Depression of the 1930s was not foreseen and that commentators on the financial turmoil, instigated by the US sub-prime mortgage crisis, may not have grasped the level of exposure that lies at its heart.

According to the BIS, complex credit instruments, a strong appetite for risk, rising levels of household debt and long-term imbalances in the world currency system, all form part of the loose monetarist policy that could result in another Great Depression.

The report points out that between March and May of this year, interbank lending continued to show signs of extreme stress and that this could be set to continue well into the future.

It also raises concerns about the Chinese economy and questions whether China may be repeating mistakes made by Japan, with its so called bubble economy of the late 1980s.

EDITORS NOTE: Quite a few comments have been made that there is no direct reference to the Great Depression in this month’s BIS report.

While this is strictly true, BIS warned in June 2007 - just before the Credit Crunch really hit - that the global economy was vulnerable to a major economic set-back because of extraordinary exposure to collateralized credit.

BIS directly made references to the 1930’s as an example of a similarly serious credit bubble, and this month’s BIS report describes the conditions of this being lived out.

So, to be pedantic, the warning “BIS warns of Great Depression” is actually a year old already. What BIS discusses now is the fragility of existing conditions of the fall-out from a massive credit bubble bursting - which has already been made clear across their reports historically can be similarly referenced to the 1930’s, though stated in a typically conservative and non-alarmist language.

Even what optimism BIS had about a weak recovery to the end of May 2008 have been dashed by extreme shorting of financial stocks across the US and UK - Lehman Brothers, HBOS, and property developers such as Barratts, have all taken extreme beatings in June 2008.

So back to the headline - BIS have indeed already warned of repeat of conditions that could be as extreme as the Great Depression, and are now describing that process as we move through it.

In the meantime, unemployment is already on the rise on both sides of the pond, and the analogy some people have concerns about I’m afraid are still salient.

- Brian Turner, Editor, Banking Times.

VICTORY - Ireland Rejects Treaty of Lisbon - Stops Total Economic Integration of Europe

Irish minister says EU vote lost

Irish Justice Minister Dermot Ahern says substantial vote tallies across the country show the European Union Lisbon reform treaty has been rejected.

Tallies are not official, but Mr Ahern says it is clear the No vote is ahead in a vast majority of constituencies.

This would scupper the treaty, which must be ratified by all members. Only Ireland has held a public vote on it.

Mr Ahern is the first senior figure from the Irish government to admit that it looked like the treaty had failed.

"It looks like this will be a No vote," Mr Ahern said on live television. "At the end of the day, for a myriad of reasons, the people have spoken."

He said it looked like other EU countries would ratify the treaty, so an Irish No vote would leave the EU in "uncharted waters".

Earlier, Europe Minister Dick Roche had admitted "it is not looking good"

In Irish polls, tally counters in each constituency watch votes being sorted and make their own count, giving early indications of how a vote is going.

State broadcaster RTE said initial results and projections suggested a certain win for the No camp.

"The people of Ireland have shown enormous courage and wisdom in analysing the facts presented to them and making the decision they have," said Declan Ganley of Libertas.

The BBC's Oana Lungescu in Brussels says EU leaders are bracing for defeat but are expected to press on with the treaty, which is meant to streamline decision-making in the now expanded EU.

However, she says, the third failed referendum in three years on the EU's reform plans is bound to undermine the bloc's public legitimacy and dent its confidence when it faces other big players on the world stage.

European leaders earlier said they had no "plan B" for how to proceed if Ireland's electorate voted No.

"If the Irish people decide to reject the treaty of Lisbon, naturally, there will be no treaty of Lisbon," French Prime Minister Francois Fillon said on Thursday night.

Declan Ganley of the anti-treaty lobby group Libertas said that if the No vote had indeed triumphed that it was "a great day for Ireland".

"The people of Ireland have shown enormous courage and wisdom in analysing the facts presented to them and making the decision they have," Mr Ganley said.

The No campaign was a broad coalition ranging from Libertas to Sinn Fein, the only party in parliament to oppose the treaty.

Confusion

Correspondents say many voters did not understand the treaty despite a high-profile campaign led by Prime Minister Brian Cowen, which had the support of most of the country's main parties.

Please turn on JavaScript. Media requires JavaScript to play.

The BBC's Europe editor Mark Mardell on what a No vote would mean

Mr Cowen accused the No camp of "misrepresentation", saying voters had voiced concern about "issues that clearly weren't in the treaty at all", the Irish Times reported.

Turnout is said to have been about 45%. Commentators had predicted that a low turnout figure would suggest a rejection.

The treaty, which is designed to help the EU cope with its expansion into eastern Europe, provides for a streamlining of the European Commission, the removal of the national veto in more policy areas, a new president of the European Council and a strengthened foreign affairs post.

The treaty is due to come into force on 1 January 2009.

Fourteen countries out of the 27 have completed ratification so far.

The Lisbon Treaty replaces a more ambitious draft constitution that was rejected by French and Dutch voters in 2005.

Just over three million Irish voters are registered - in a European Union of 490 million people.

In 2001, Irish voters almost wrecked EU plans to expand eastwards when they rejected the Nice treaty. It was only passed in a much-criticised second vote.

[NOTE: Mark Mardell, BBC'S Europe editor has a video on the link above. He's stating they they will pass the Treaty somehow, that now the EU will become MORE ambitious and more bold. He clearly spins it for the future when the Treaty of Lisbon becomes supranational European law.]