Spot the Turkey

Some folks are not going to be beheaded today…

President Obama is due to pardon the turkeys at 215pmET…

Also ironic on the day when Turkey’s leader slams US “rudeness”…

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Erdogan accused the US of being “rude” for pressuring it to help save the ISIL-besieged Syrian town of Kobane, which is within sight of the Turkish border.

“Why is somebody coming to this region from 12,000km away?” Erdogan said during an address to a group of businessmen in Ankara, in a clear reference to the US.

“I want you to know that we are against impertinence, recklessness and endless demands,” he said.

http://www.zerohedge.com/news/2014-11-26/spot-turkey-live-feed

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Happy Thanksgiving! (what’s that old expression – every turkey had its day)

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“Gold Is A 6,000 Year Old Bubble” – Citi’s Dutch Strategist Throws Up All Over Gold, Days After Dutch Gold Repatriation

Willem Buiter

Citigroup may have been unable to prevent the Netherlands from repatriating some 122 tons of “a fiat commodity currency with insignificant intrinsic value“, or in the words of Ben Bernanke, “tradition”, but it sure won’t stop that erudite expert on the timing of Greece’s exit from the Eurozone, Willem Buiter, from doing all in his power to throw up all over the “fiat currency” known as gold. So with Buiter no longer predicting with certainly just which month in 2010, 2011, 2012 Grexit will take place, here are his bullet points that make readers scratch their heads in wonder:

  • Gold is a fiat commodity currency (with insignificant intrinsic value).
  • Bitcoin is a fiat virtual peer-to-peer currency (without intrinsic value).
  • Gold and Bitcoin are costly to produce and store.
  • Gold as an asset is equivalent to shiny Bitcoin.
  • Central bank fiat paper currency and fiat electronic currency are socially superior to gold and Bitcoin as currencies and assets.
  • There is no economic or financial case for a central bank to hold any single commodity, even if this commodity had intrinsic value.
  • Forbidding a central bank from ever selling any gold it owns reduces the value of those gold holdings to zero

Scratching… because some may ask if gold is indeed such a worthless insignificant “fiat currency” (don’t ask), then why just two months ago, did Citibank rush to be “reclassified as a spot Market Making Member of the London Bullion Market Association with effect from today, 25th September, 2014… In order to qualify as a LBMA Market Maker, a company must offer two-way quotations in both gold and silver to the other Market Makers throughout the London business day.” Could it be that gold actually has some value to Citi, if nothing else than pocketing commissions from traders, now that the bank’s rigging of everything from Libor, to FX to, drumroll, gold, is no longer possible?

Here are some of the more amusing punchlines from Citi in its blitz-propaganda campaign aimed at the undecideds in the Swiss gold referendum:

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On November 30th, 2014, the Swiss will vote in a referendum on a popular initiative ‘Save our Swiss gold’ (henceforth the Gold Initiative). If the Gold Initiative passes three consequences follow: (1) the Swiss National Bank (the SNB) must hold 20% of its assets as gold, (2) the SNB has to repatriate the 30% of its official gold stock that is now held abroad by the Bank of England and Bank of Canada and has to physically hold all its gold in Switzerland, and (3) the SNB may never sell any gold again.

Figure 1 shows the total assets of the SNB, its gold reserves and its other foreign exchange reserves, the sum of foreign currency investments, the reserve position with the IMF and international payment instruments. There is a break in the series for the value of the gold holdings and for total assets: as of 2000, gold holdings have been priced at market value. Until 1999, they were valued at the official parity price of CHF 4,596 per kilogram.

As can be seen from Figure 1, the balance sheet of the SNB has exploded in size since it began to lean against the appreciation of the Swiss Franc by active foreign exchange interventions early in 2009. Its balance sheet at the end of September 2014 stood at 522 bn Swiss Francs, about 83% of annual GDP. On that same date, the value of its gold reserves was about 39 bn Swiss Francs, about 7.5% of the value of its total assets. That represented 1,040 metric tonnes of gold, almost 129 grams (4.5 oz.) per capita. In 2000, the SNB held 2,500 tonnes of gold and it has also been the biggest national seller since.

If the gold initiative passes, the SNB would have to purchase at least 1,733 metric tonnes of gold to meet the 20% threshold by 2019 (based on end-of September 2014 SNB balance sheet size and gold price). The world’s annual production of gold is around 2,500 metric tons.

The price of gold, like that of any asset price, is volatile. In nominal terms it has increased spectacularly over the more than 200-year period shown in Figure 2, and especially since the end of the gold peg of the US dollar in 1971. In real terms, the increase has been somewhat less spectacular, from $10.08 in 1971 (measured in 1913 dollars) to $59.89 in 2013. The real price of gold hit $73.60 in 1980 and $73.30 in 2012, underlining the volatility of the (real) gold price. Someone who invested in gold in 1971 and held onto it for 42 years, that is, till 2013, would have achieved an annual real rate of return of 4.3 percent – reasonable given the riskiness of the asset.

Item (2) on the Gold Initiative ballot makes little sense to us. Holding all one’s physical assets in one nation means ignoring the benefits of geographic diversification of ‘custodial risk’. Item (3) is quite extraordinary because it would make the SNB’s gold holdings worthless. Making it illegal to ever sell any of the gold the central bank has now or acquires in the future and enforcing this gold sale ban effectively would make the gold useless as an international reserve. The gold stock can never be used for foreign exchange market interventions and it cannot be used as collateral. The gold becomes useless as a store of value of any kind. The gold has no consumption value to the central bank. Its value is therefore zero.

Apparently the Russian, the Germans and the Dutch never got this particular memo. Ukraine however sure did…

Yet in an attempt to at least appear somewhat objective, Buiter devotes a few hundreds words to what he views is “The good news for gold bugs”:

Since gold is a fiat commodity currency, its value will be determined largely by its attractiveness relative to other fiat currencies – the fiat paper currencies issued by central banks. Gold should not be analyzed as one of a set of intrinsically valuable commodities (silver, iron, lead, zinc, platinum, aluminum, titanium etc. etc.) but as part of a set of intrinsically useless and valueless fiat currencies – the US dollar, the yen, the Yuan, the euro, sterling, the rupee, the rouble, Bitcoin etc. etc.). It is therefore in times that market participants are nervous about the future value of most other fiat currencies that gold will be most attractive.

Such a time is what we are going through now. Many systemically important central banks have expanded their base money stocks and balance sheets massively. The Fed has quadrupled the size of its balance sheet. The Bank of England has more than tripled the size of its balance sheet. Many central banks have bought vast amounts of public debt. In the UK, out of the initial £375 bn of quantitative easing, almost everything was spent on gilts. Over the past two years, the Fed added $1.7 trillion to its balance sheet (which is around $4.5 trillion as of end-October 2014) through large-scale asset purchases involving Treasuries and Agency MBS.

Although in most of the developed world low-flation or even deflation is the immediate threat, there is a medium and long-term threat of much higher inflation in all countries with enlarged central bank balance sheets and the prospect of large future fiscal deficits. The great advantage to investors of gold is that, although it is not intrinsically valuable, it is very costly to increase its stock. The tap can be opened at the drop of a hat for fiat paper and electronic currency. The tap produces never more than a trickle in the case of gold.

So when fiscal profligacy threatens price stability in some of the main industrial countries (especially the US and the UK) because the central banks in these countries may be forced to monetize both the stock and large new net flows of public debt, the one fiat money whose quantity cannot be varied at will by a monetary authority will do well. We see that with gold today. We also see that, to a lesser degree, in the strength of the euro. The ECB is by far the most independent of the leading central banks. It also has a heavily asymmetric de-facto interpretation of price stability: inflation is unacceptable, deflation is OK.

So until the risk of serious inflation is removed from the medium-term outlook for the US, the UK and other fiat currencies, gold could be a relatively attractive store of value despite the cost of storing it.

This argument, however, assumes that if paper or electronic fiat money loses its value, gold will keep its value. That is an assumption and, as I shall argue in what follows, most likely an unwarranted assumption.

That’s the good news to “gold bugs.” And now comes the propaganda.

An economy with fiat money can have many different equilibria. To make the point as clearly and simply as possible, consider a stationary economy. Population, endowments, technology, government spending, taxes and preferences are all constant. The government budget is balanced. Prices are flexible. There is a constant stock of fiat money (which could be paper money, gold, Rai, pet rocks, or Bitcoin). This fiat money is perfectly durable and therefore can serve as a store of value. It pays no interest. Because this fiat money exists and is durable, it can, in principle, be a store of value – an asset. It is may help, but is not necessary for the argument that follows to assume that, should this fiat money have positive value, society has (informally/spontaneously/collectively) decided to use it as a medium of exchange or as means of payment. It could even be legal tender.

With a bit of further work, it can be shown that such an economy will have an equilibrium with a positive, constant price of money (a constant general price level). Economists call this the fundamental equilibrium. This stationary economy will, however, also have many other (in fact infinitely many other) non-stationary equilibria, called (speculative) bubbles. They always have equilibria in which the value of money starts at a positive value but falls steadily towards zero – the general price level rises without bound even though the quantity of money is constant. The holders of money anticipate the future inflation and thereby reduce the real stock of money balances they want to hold. This further increases the actual and expected rate of inflation, and the real stock of money balances goes to zero: the general price level goes to infinity or the price of money goes to zero. In other words, the economy becomes Zimbabwe.

What is often ignored is that this economy has an equilibrium that is even more ‘fundamental’ than the ‘fundamental’ equilibrium with a constant positive value of money. That is the equilibrium in which the price of money is zero in every period, not just in the long run (as with the speculative inflationary bubble equilibria). Remember, fiat money, including gold or Bitcoin, is intrinsically useless. It has value only because people believe it to have value. If everyone expects that money will have no value in the next period, it will have no value this period, because no-one will be willing to take receipt of money to carry it into the next period where it will be valueless. So fiat money with a zero value is always an (unfortunate) fundamental equilibrium.

I would actually call it the only fundamental equilibrium. All other equilibria with a positive price of money – an asset with no intrinsic value – are benign (relatively speaking) bubbles. The constant price of money (constant general price level) equilibrium is also a bubble, based entirely on belief and trust – a beneficial bootstrap equilibrium, lifting itself by its hair, like the Baron von Münchhausen. In a world with multiple fiat moneys, the zero value of money equilibrium lurks for each of the fiat currencies, including gold and Bitcoin. In a classic paper, Kareken and Wallace (1984) have shown that even in the other (nice) fundamental equilibrium, in which each of these fiat currencies has a constant positive value, those constant positive values can be anything – there is exchange rate indeterminacy between the various fiat currencies. This holds for paper or electronic fiat money, gold and Bitcoin.

So if gold has positive, albeit wildly fluctuating value, it is because we are in a benign bubble for gold. Likewise, Bitcoin’s positive value represents a benign Bitcoin bubble. The gold bubble is, of course, pretty impressive. Intrinsically useless gold has positive value. It has had positive value for nigh-on 6,000 years. That must make it the longest-lasting bubble in human history.

Yup, Citi just called gold a 6,000 year old bubble: just call it “tradition.”

Is there a possibility that, out of the blue, the market could produce a zero value for central bank-issued fiat paper and electronic money (base money)? Yes, if the prices of goods and services in terms of base money are freely flexible. Fortunately they are not. The world is Keynesian. Nobody understands the mysteries of the unit of account or numéraire, but for some reason in most societies and most of the time, central-bank issued fiat money or base money has been the unit of account for most contracts, and prices of goods and services in terms of this numéraire, are sticky – empirically and for reasons we don’t understand, but they undoubtedly involve limited computational capacity and other manifestations of bounded rationality. Nominal wage and price rigidities therefore rule out the zero price of base money equilibrium (notwithstanding the fundamental equilibrium at the end of a hyperinflation).

He’s right: the world is Keynesian. That explains why never in the history of mankind have all central banks had to coordinate all their efforts to inject trillions of liquidity in the system to keep it from collapsing on itself, and provide the required credit money for a world in which growth is only possible as long as inside or outside money is created de novo out of thin air. It also explains, why over the past decade, western finance has gone from bubble to burst to bigger buggle, to more explosive burst… until we now find ourselves in the ultimate bubble – one where all central banks have bet all in on inflating away a global debt load which guarantees the world a slow, miserable, deflationary collapse – in the words of Albert Edwards, an Ice Age – unless there is a dramatic surge in inflation (see: Japan). Perhaps as the only natural offset to this sheer Keynesian lunacy, gold’s “6000 year old bubble” nature does not seem all that shocking after all…

But other asset prices are not sticky in terms of the numéraire. There exists therefore an equilibrium in which the price of all other fiat moneys (including Bitcoin and gold) in terms of base money is zero. We are obviously not in an equilibrium in which the prices of gold and Bitcoin at zero. Does that mean that in the future also the value of gold and of Bitcoin will be (relatively stable) even if the central bank were to start running the printing presses at full speed, producing a hyperinflation in terms of base money prices? Not necessarily. Assume the initial prices of both gold and Bitcoin in terms of base money are positive and that the value of base money in terms of goods and services is positive. Once gold and Bitcoin have positive value in terms of base money today, their future value is determined by no-arbitrage relationships between these three fiat moneys – all of which don’t have any intrinsic value as consumer goods, intermediate goods or capital goods. No arbitrage means the absence of risk-free pure profits from buying and selling these three stores of value against each other. Since neither currency nor gold nor Bitcoin is interest-bearing, the exchange rate between currency, gold and Bitcoin should be expected to be constant over time. Any change in the currency price of Bitcoin and gold is therefore unanticipated. There must have been a lot of major surprises! The fact that the stocks of Gold and Bitcoin are finite does therefore not suffice to keep them safe from hyperinflationary base money issuance by the central bank.

In other words, even if, and Buiter is quite close to suggesting that is the endgame here, there is hyperinflation at the end, even then gold may well be worthless. So… can we just use LBMA market maker Citigroup to sell it to Citigroup’s prop desk?

And now, the punchline. Here is Buiter’s conclusion:

I don’t want to argue with a 6,000-year old bubble. There have been hyperinflations with the value of central bank base money going to zero, but the price of gold has not followed that of paper money. Perhaps that was because, at the time, gold still had some intrinsic value as a productive input, even today retains intrinsic value as a consumer good. Even if we view gold as an intrinsically valued commodity, it would still be unsound to invest 20% of the central bank’s balance sheet in a single commodity. If the central bank is to invest in commodities, better to have abalanced portfolio of commodities or, more conveniently, a balanced portfolio of commodity ETFs or other derivatives.

Requiring a central bank to put 20 percent of its balance sheet in any single commodity, even if that commodity had meaningful intrinsic value, represents a highly unorthodox and risky investment strategy, in our view, regardless of whether one judges it by its likely future profitability or by its wider social benefits. We conjecture that the SNB is most concerned that the Gold Initiative might pass.

Even though I view gold as a pure bubble, that bubble may well be good for another 6,000 years. Its value may go from $1,200 per fine ounce to $1,500 or $5,000 for all I know. Investing a vast amount of money in something whose value is based on nothing more than a set of self-confirming beliefs will make for an exciting ride. Whether that is enough to impose it as a requirement on one’s central bank is another matter.

Dear Willem, thank you for that valiant effort. After reading a few thousands words of empty propaganda we understand your “confusion”: our advice, if you want to understand what gold really is, read the following from Kyle Bass:

“Buying gold is just buying a put against the idiocy of the political cycle. It’s That Simple”

Because if there is a bubble that is even bigger and longer than the “6000-year-old gold bubble” it is that of human corruption, greed, and idiocy. And that doesn’t even include the stupidity of those who don’t grasp this simple truth.

As for gold being a nearly worthless fiat currency, if you can perhaps first convince your homeland to return those 122 tons of gold it just repatriated in secret from the NY Fed in direct refuation of, well, everything you just said before you go ahead advising foreign nations what they should do, well that would be just swell.

http://www.zerohedge.com/news/2014-11-27/gold-6000-year-old-bubble-citis-dutch-strategist-throws-all-over-gold-days-after-dut#comments

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“As for gold being a nearly worthless fiat currency, if you can perhaps first convince your homeland to return those 122 tons of gold it just repatriated in secret from the NY Fed in direct refuation of, well, everything you just said before you go ahead advising foreign nations what they should do, well that would be just swell.”

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“If gold is only stored by central bankers and if they don’t allow it to be changed for paper currency of their own, it’s indeed useless. And that’s where the little bastard trick lies.

THEY SAY THEY BUY IT

THEY SAY THEY HAVE IT

but you can’t see or get it…

IT’S A HOAX!!!

GOLD IS ONLY GOOD IF THE PEOPLE HAVE ACCESS TO IT!! THAT’S WHAT A REAL GOLD STANDARD IS!!”

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“The committee on coinage for the US Congress in 1848 came to the same conclusion. It is necessary to insure the availability of gold and silver to the general population or they will become dependent on bank notes and suffer the consequences.”

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The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary. H. L. Mencken

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disclosure: the above three responses are from the comment section below the article. why rewrite…and one can only ponder – is Willem Buiter sprouting blather to avoid being suicided with a nail-gun – just a thought…

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Jamie Dimon’s Daughter Is Asking You For A Favor

After the smashing success of #AskJPMorgan comes this:

We know our readers will be delighted to help her, although one wonders: perhaps she should just call her dad?

Because, well, you know

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Well that didn’t take long…Ms. Dimon deleted the Tweet…

It appears the RFP for “scams, crimes, or hazards” has expired. Perhaps young Ms. Dimon did not get the “proactive” response she was hoping for?

http://www.zerohedge.com/news/2014-11-26/jamie-dimons-daughter-asking-you-favor

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Laura wants to know from us about Scams and Crimes?

Response: Laura, whose your daddy?

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Ferguson Riots: Immigration Reform Framing Coming Civil War Around Race

“Their founding document [the Weather Underground’s] called for the establishment of a “white fighting force” to be allied with the “Black Liberation Movement” and other “anti-colonial” movements…see ZACF below


Obama and his “Black Liberation” pastor of 20 years, Rev Jeremiah Wright.

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Essay on topic  by Daniel Taylor | Infowars.com | November 26, 2014

Establishment attempting to direct spirit of nation into a destructive revolution…

Chaos has engulfed Ferguson, Missouri as the mainstream media is directing national attention to divisive racial issues at a time of rising tyranny in America.

Sensational revelations about government corruption are becoming a regular occurrence under the Obama administration. Ordinary Americans are being targeted while known terrorists are escorted through security. Kidnappers, rapists, and murderers are being released from prison; an action sanctioned by the President of the United States. The BATF allows guns to find their way to Mexican drug lords, while the federal government is fighting to disarm American citizens. Mega-banks launder billions of dollars worth of drug money.

Amidst this flurry of rampant corruption, Obamacare architect Johnathan Gruber admitted on video that “lack of transparency” was crucial in passing Obamacare and fool “stupid American voters” into accepting it.

Nearly every agency of government has acquired some form of armaments in the past several years. Police departments across the country are getting mine resistant vehicles. Homeland Security is acquiring billions of rounds of ammunition. The Department of Agriculture recently requested body armor as well as sub machine guns. Many other instruments of war have been stored and deployed.

A divided country

While the wealth of America is being systematically destroyed, divisive issues of race are being inflamed. Conservative icon Phyllis Schlafly called Obama’s recent executive order on Amnesty for illegal aliens a “Fort Sumter” event, referring to the defining event at the beginning of America’s first civil war. Obama’s announcement came on November 20th, the same day that Mexico’s Revolution day was celebrated.

At the same time, riots in Ferguson Missouri have attracted the attention of national media, threatening to spark riots in cities across the country. The announcement of the grand jury’s decision to absolve officer Darren Wilson was seemingly timed perfectly to incite riots after 8pm.

National Guard stood down in Ferguson on orders of the White House?

Missouri Lt. Gov. Peter Kinder told Fox News that, “Is the reason that the National Guard was not in there because the Obama Administration and the Holder Justice Department leaned on you to keep them out? I cannot imagine any other reason why the governor who mobilized the National Guard would not have them in there to stop this.”

The establishment is well aware that the country is growing increasingly skeptical of the federal government. Confidence in all branches of governmentare reaching record lows. According to Gallup, Congress has about a 7% approval rating; The presidency around 29% and the Supreme Court at 30%.

The establishment is attempting to direct the spirit of the nation into a destructive revolution of bloody conflagration and hate that will only result in more power for the elite.

If the nation is allowed to unify over issues of sound economic policy, purging government corruption, and re-affirming our moral code as a nation and as individuals, the corrupt elite will be brought to justice. As long as the country is divided this cannot happen. If the nation falls into chaos, these central unifying issues need to guide a real revolution of positive change that will rise from the ashes.

This generation, just as America’s founders did, will provide the heroes and legends for the next. Your actions and choices during this time will alter the outcome of this historical time period and set the cultural agenda for the next cycle.

Its up to you.

This post first appeared on the Old-Thinker News website.

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 La bandera anarcosindicalista

flag -http://estelnegre.balearweb.net/archives/20100703

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Nationalsozialistische Deutsche Arbeiterpartei, NSDAP, “Nazi” Party -

National Socialist German Worker’s Party

http://www.crwflags.com/fotw/flags/de%7Dnsdap.html

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Election Night 2008 – uneven edges signify a tinge of the anarcho-syndicalist

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Symbolism of the Red and Black Flags:

…Originally…..the Red Flag was flown from the Paris town hall “to signal the proclamation of martial law to deal with food riots in 1789 and in July 1791 it was used at the massacre of anti-royalist demonstrators. In 1792, the republican revolutionaries turned it into a symbol of defiance by inscribing on red flags: ‘Martial law of the sovereign people against the rebellion of the executive power.’ After that “the Red Flag went into eclipse. The tricolore carried all before it for the rest of the Revolution and under Napoleon, being readopted at the 1830 Revolution as the emblem of the July Monarchy. The Left sought an alternative and at first it was the Black Flag symbolising a fight to the death that appeared in the 1831 Lyons riots, with its slogan: ‘Work or Death.’” (After the French Revolution [Harvester Wheatsheaf, 1991], pp. 245-6) -

http://anarchism.pageabode.com/anarcho/red-flag-anarchy

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Zabalaza Anarchist Communist Front

“As a platformist-especifista organisation, the ZACF subscribes to the idea of an “active minority”. This means that the ZACF, unlike certain anarcho-syndicalist organisations, does not seek to build purely anarchist mass movements or unions; nor does it seek to turn existing social movements into anarchist-only movements.

Rather, in the tradition of social insertion championed by the FARJ (Federação Anarquista do Rio de Janeiro, now part of the Coordenação Anarquista Brasileira or CAB), the ZACF works within existing movements in order to fight for the “leadership of anarchist ideas,” the implementation of anarchist principles within such movements, and a revolutionary anarchist programme. This is because the ZACF holds that the strength of trade unions, social movements and other organisations of the working class lies in their ability to unite the greatest number of workers regardless of their political, religious or ideological affiliations.[1] At the same time, such movements can only undertake a revolutionary transformation of society when they are won to revolutionary anarchist positions.”…

http://en.anarchopedia.org/Zabalaza_Anarchist_Communist_Front

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The Weather Underground…

March 6, 1970: “three members of the Weather Underground accidentally killed themselves in a Manhattan townhouse while attempting to build a powerful bomb they had intended to plant at a social dance in Fort Dix, New Jersey – an event that was to be attended by U.S. Army soldiers. Hundreds of lives could have been lost had the plot been successfully executed.
http://www.discoverthenetworks.org/groupProfile.asp?grpid=6808

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…”We must never forget the radical history of Ayers and his role in mentoring US president Barack Obama as well as his help raising funds for Obama’s run for office. Many have suspected that Ayers himself was a Cointel pro agent embedded to incite the masses, or an FBI informant – how else can you explain how a violent terrorist could be running free in Washington DC without doing a life sentence in a federal prison?

Add to this, the revelation that the Bill Ayers’ parents Tom and Mary had indeed funded Barack Obama’s (aka ‘Barry Soetoro’ at that time) higher education, and you can begin to get a glimpse of how well-connected this notorious foundation-funded agent provocateur is in relation to today’s political establishment currently holding on to power in the White House – and driving ‘change’ in America.


AGENT OF CHANGE: ‘Seeing Red’ Bill Ayers co-founder of The Weather Underground
(Photo: sodahead.com)

http://21stcenturywire.com/2014/07/01/the-weather-underground-60s-radical-leader-bill-ayers-defends-terror-exploits/

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Note: Barack Hussein Obama had only one job in his life prior to becoming president of the USA –  as a (Black Liberation Social Justice) Community Organizer-Community Activist. A combination of Ferguson where there’s murmurs of civil insurrection coupled with amnesty for at least 6 million illegal immigrants isn’t the great strategy for success but it just might be for a “community revolution”. The price of “order” always entails a handing over of control and loss of freedom on the part of the people. So out out of “chaos” comes “order” which will be their order – their new world order.

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The trick of creating chaos and then seizing power under the pretense of putting things back in order is a tried and true method of deception and manipulation – also referred to as the  Hegelian Dialect after the philosopher Georg Hegel who wrote about its effectiveness. He described it as: THESIS — ANTI-THESIS — SYN-THESIS while others have described it as: PROBLEM — REACTION — SOLUTION in that -

  • firstly you create the problem; then
  • secondly you fan the flames to get a reaction; then
  • thirdly (like Johnny-on-the-spot) you provide a solution.

The solution is what you were wanting to achieve in the first place, but wouldn’t have been able to achieve under normal circumstances.

Orwell described it as Reality Control.

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“We are five days away from fundamentally transforming the United States of America.” — Barack Obama, October 30, 2008

So to what degree, after nearly five years in office, has Obama succeeded in changing the United States? see – http://www.nationalreview

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The other Ferguson tragedy not talked about in the general media or by black leaders is that  homicide is the leading cause of  young black men – 90% of black murder victims are killed by other blacks.

Pastor lee with mike brown’s father, “Darren wilson be a man and turn yourself in!”  3:37 PM – 5 Oct 2014

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Protestors torched Michael Brown’s Family Church During Monday Night ‘s Protests:

http://www.dailymail.co.uk/news/article-2849736/Church-attended-Michael-Brown-s-family-destroyed-Monday-night-s-protests.html#ixzz3KCJGqkqX

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It appears to be a Black Liberation Church run by a Pastor Lee not unlike Obama’s Pastor Jeremiah Wright’s Church.  Muslims are also participating in this “protest” – the Muslim Brotherhood has pretty much full access under the Obama administration. Egyptian Magazine: Muslim Brotherhood Infiltrates Obama Administration And now with new blanket amnesty for multi-millions of illegals (and the new black panthers along with other groups) one can expect a power keg before Obama leaves the WH – that’s if he ever leaves…

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Ending with this remainder from above notation: …in the tradition of social insertion championed by the FARJ (Federação Anarquista do Rio de Janeiro, now part of the Coordenação Anarquista Brasileira or CAB), the ZACF works within existing movements…see above

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PS: Homicide is the leading cause of death in young black males – 90% of black murder victims are killed by other blacks.

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Obama Hitler billboard - Mason City Globe Gazette Deb Nicklay - full.jpg

Bill Board Iowa USA – 2010 Source

We’re on the same path under Obama. Under Adolf Hitler, Germany adopted socialism, dramatically increased government spending and raised taxes to astronomical levels. Nazi Germany shows us what happens when the state becomes god. More: Hitler vs Obama

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“All propaganda has to be popular and has to accommodate itself to the comprehension of the least intelligent of those whom it seeks to reach.” -Adolf Hitler

 

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Islamic State [al Qaeda] Breaks Another Church Cross

By on November 23, 2014in Muslim Persecution of Christians

A good before and after photo of St. Ephrem Cathedral — former seat of the Syriac Orthodox Archdiocese — in Mosul. To the right is how it stood before the Islamic State took over in July. To the left is after — with the Cross broken off the cathedral’s dome.

http://www.raymondibrahim.com/muslim-persecution-of-christians/islamic-state-breaks-another-church-cross/

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Knowing they suffered from a lack of nicotine, even for a while, gives me some pleasure – just sorry they decided to go against their Quranic teaching and lift their no-smoking ban. And if it’s so easy to change their doctrinal teachings – why don’t they change all the teachings of hatred towards us so-called infidels”…?!

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Guinean Cardinal Robert Sarah to lead Vatican liturgical congregation

Cardinal Robert Sarah – New Prefect of the Congregation for Divine Worship.

Pope Francis has nominated the 69-year-old African cardinal as head of the Congregation that handles affairs relating to liturgical practices in the Catholic Church. He fills the position that was left vacant by Cañizares

ANDREA TORNIELLI
vatican city November 24, 2014

Everyone was on tenterhooks waiting to see who would take over from Spanish cardinal Antonio Cañizares as Prefect of the Congregation for Divine Worship. The answer came at midday today: The man Francis has chosen to lead the dicastery that deals with liturgical affairs of the Church, is Cardinal Robert Sarah, currently President of the Pontifical Council Cor Unum, one of the Curia bodies that is eventually going to be merged as part of the Curia reform process.

Cardinal Sarah was born to Catholic family on 15 June 1945 in Ourous, Guinea. He was ordained priest on 20 July 1969 in Conakry and studied theology at the Pontifical Gregorian University in Rome and a licentiate in Scripture at the “Studium Biblicum Franciscanum” in Jerusalem. In 1979, John Paul II appointed him Archbishop of Conakry at the young age of 34. He was consecrated bishop by the Archbishop of Florence, Cardinal Giovanni Benelli, who was formerly Nuncio to Senegal. In 1985 he was appointed President of the Guinean Bishops’ Conference.

In October 2001 he moved to Rome after John Paul II nominated him Secretary of Propaganda Fide. Nine years later, on 7 October 2010, Benedict XVI chose him as President of the Pontifical Council Cor Unum and created him cardinal of the Deaconry of San Giovanni Bosco in Via Tuscolana (Saint John Bosco in Via Tuscolana) in the November Consistory. Sarah is Guinea-Conakry’s first cardinal.

After today’s nomination, the Vatican has an African cardinal leading a Vatican Congregation once again. Nigerian cardinal Francis Arrinze was Prefect of the Congregation for Divine Worship and the Discipline of the Sacraments from 2002 to 2008, while Cardinal Bernardin Gantin from Benin headed the Congregation for Bishops from 1984 to 1998.

“The Lord has given me a gift I do not deserve and it is also a call to love the Lord even more on the occasion of the Consistory; it is also a call to love the Lord more and to die for Him, for the Gospel, for the salvation of the world… I would like to thank the Holy Father for deciding to grant me this honour. However, I also see this call as having come from God; it is a call to me to lead a more priestly and Christian life. I think today’s world needs God’s people, people who live their lives in such a way that they represent God’s physical presence in the world.”

Sarah is known for his deep spirituality: In nominating him head of the Church’s liturgical dicastery, Francis has chosen a pastor with 22 years of experience leading a diocese. In recent years the new Prefect for Worship attracted a great deal of media attention after he reminded the world that Africa was exploited by international powers and after a homily he pronounced in 2011 during an ordination ceremony for priests and deacons at the Communauté Saint-Martin in Candes.

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Excellent choice.

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Frenchman Quits ISIS Because He Couldn’t Handle Its Smoking Ban (not satire)

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http://islamiclinks.weebly.com/blog/is-smoking-haram-in-islam

Flavien Moreau said he even tried Nicorette, but it didn’t work.

By Katherine Timpf

 Barack Hussein Obama

A French militant who was recently sent to to prison for his involvement with the Islamic State said he left the terrorist organization because he couldn’t handle its strict ban on smoking cigarrettes.

“I really struggled with not smoking,” 27-year-old Flavien Moreau testified before a Paris court, according to France 24.

“It was forbidden by the katiba [a group of Islamist militants]. I had brought Nicorette gum with me, but it wasn’t enough. So, I left my gun with my emir and I left,” he said.

Moreau was given the maximum sentence for his crimes, seven years.

The Muslim convert became radicalized in France and traveled to Syria to join the Islamic State in 2012. He had had 13 previous convictions, including armed robbery and assault.

Unable to quit smoking, he left the terrorist group after a mere two weeks. He was arrested in France in January 2013.

— Katherine Timpf is a reporter at National Review Online.

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ROTFL -I’ve been giving posting on the “news” a break but since this story falls under so many levels of “comedy” decided to post it. And no, it’s not satire.

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Note: “The Muslim convert became radicalized in France and traveled to Syria to join the Islamic State in 2012. He had had 13 previous convictions, including armed robbery and assault.” They attract such outstanding citizens…

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Update:  ISIS reverts smoking ban in Kirkuk ‘to gain popularity’ – Al …english.alarabiya.net/…/ISIS-reverts-smoking-ban-in-Kirkuk…

1 day agoResidents of Iraqs Kirkuk said the Islamic State of Iraq and Syria (ISIS) has backed down from its decision to ban smoking….  heh

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Bottomline: it appears they can play footsie with Quranic verses on areas of smoking but not the murder of socalled infidels/apostates like thee and me…what a load of hypocritical hogwash!

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