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Wednesday, February 29, 2012

Geithner’s Fed Told AIG to Limit Disclosure

Will there be a full investigation of this deception that was reportedly pulled off by Tim Geithner and the NY Fed? Yes, the banks do run the government for their own benefit.


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Bloomberg:
Geithner’s Fed Told AIG to Limit Swaps Disclosure --
The Federal Reserve Bank of New York, then led by Timothy Geithner, told American International Group Inc. to withhold details from the public about the bailed-out insurer’s payments to banks during the depths of the financial crisis, e-mails between the company and its regulator show.

AIG said in a draft of a regulatory filing that the insurer paid banks, which included Goldman Sachs Group Inc. and Societe Generale SA, 100 cents on the dollar for credit-default swaps they bought from the firm. The New York Fed crossed out the reference, according to the e-mails, and AIG excluded the language when the filing was made public on Dec. 24, 2008. The e-mails were obtained by Representative Darrell Issa, ranking member of the House Oversight and Government Reform Committee...

“It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information,” said Issa, a California Republican. Taxpayers “deserve full and complete disclosure under our nation’s securities laws, not the withholding of politically inconvenient information.” ...

Monday, February 27, 2012

Obama Sings "Nobody Loves You When You're Down & Out"

Appearing before a joint session of Congress, President Barack Obama gives a remarkable performance of the classic blues song "Nobody Loves You When You're Down and Out".



via Slope of Hope

Saturday, February 25, 2012

Daredevil Jeb Corliss and Mountain Mayhem


Jeb Corliss, the daredevil BASE jumper with the flying wingsuit, crashed into Table Mountain in South Africa on January 16, 2012. He recently posted a video showing his jump and the crash. It shows how Corliss just clipped a portion of the mountain while gliding at 120 milers per hour. He had seconds to deploy his reserve parachute, which saved his life. However, Corliss suffered multiple leg fractures and spent five weeks in a South African hospital.

Corliss said that he will keep jumping.

“The only reason I’m getting better is so that I can jump again,” he said.  “That’s what I do.  There’s absolutely nothing in this world that’s going to stop me from jumping.”

At the end of his video Corliss included a special thanks:
To the hikers that gave me water,
To the rescue team that gave me life,
To the hospital and staff that put me
me back together, THANK YOU...


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Here is another video of the South African accident shot from the jumping point and when Corliss was airlifted. It shows Corliss in the black suit, and fellow cameraman flyer Jeff Nebelkopf flying above him in the blue suit.


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Finally, here is the video of one of Jeb's most thrilling jumps, when he flew through a hole in Tianmen mountain, Hunan Province, China.

The famous Tianmen Hole in the limestone peak is about 360 feet tall, 96 feet wide, and 260 feet deep. He made this jump in September 2011.


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Sunday, February 19, 2012

The Art of the Federal Reserve Con Job

The Federal Reserve is playing you. The American public is being conned by Ben Bernanke and his bankster pals at the Federal Reserve. When it's all over the American public will find out they were fooled and fleeced by a corrupt central bank that works for the big banks and Wall Street, not for them.

Charles Smith / Of Two Minds:
The Grand Game of Perception Management --

The economy will expand if you believe it is expanding--because you'll be "animal spirited" into buying a lot of stuff on credit that you can't afford.

It all boils down to perception--that's the insight at the heart of the Grand Game of Perception Management. Economists speak of magical "animal spirits" that fuel economic expansion, but this is simply a colorful term for perception management: when people perceive others reaping outsized gains in profits or pleasure from taking risky bets and freely spending borrowed money, then they will feel an overpowering urge to follow the herd and leverage their capital (if any) and disposable income (if any) into risky bets and zealous over-consumption, i.e. "animal spirits." ...

In other words, believing it is so will make it so. That is the essence of the campaign to stimulate "animal spirits" confidence: though the economy is actually tanking, if they can only convince us the Dow is moving to 15,000 and then on to 20,000, jobs are being created left and right and things are looking up everywhere, then the resulting piranha-like shopping-feeding-frenzy will create the expansion that is currently chimerical.

This "feel-good" promotion of "growth" is also designed to persuade the millions of holdouts earning nothing on their IRA funds to drop all that cash back into the stock market, which is "breaking out to new highs." (Isn't that what they said in January 2000?)

And just in case this propaganda campaign fails to do the trick, the Federal Reserve has destroyed the return on savings and cash, all in the hope that the decimated, income-starved herd will turn from rationally avoiding risk to irrationally embracing it out of sheer desperation.

"Perception management" can be usefully shortened to a one-syllable word: "con." The confidence-man's most basic tool is to create the surface sheen of success with minimal investment of time and capital...

This exactly describes the strategy being pursued by Ben Bernanke, Tim Geithner, the financial media, and America's scabrous political class.
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discussion:

Tao Jonesing: Misframing the Frame --
The cornerstone of perception management is the false certainty of superiority, in particular the false certainty of superiority of one's political economy...
Tao Jonesing: Layers of Truth

Free Republic: ...Perception Management

Monday, February 6, 2012

Sketchy Andy

Super Bowl halftime performer Sketchy Andy in all his death defying glory.



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TMZ:
Super Bowl Tightrope Guy Don't Worry, My Nads Are Fine! --
TMZ spoke with Andy Lewis ... the slackline trickster who repeatedly bounced HARD on his crotch during his show-stealing routine -- and he tells us he totally understands why people would be concerned for his man parts...

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