Fed Proposal Allows Banks To Seize Your Money

The New York Fed has introduced a framework to give banks the right to suspend account withdrawals at will to defend against financial panic.

The shadow central planners have proposed new contigency plans to prevent the Great Depression style bank runs that are hitting Europe from spreading to America.

Their solution is the creation of a framework that consists of “capital controls” which allow financial institutions that find themselves in hot water to limit or outright suspend customer account withdrawals.

Our beloved regulators seem not to care the slightest that these institutions put themselves in hot water in the first place by taking up certain financial positions that put their customers’ money and the global financial system at risk.

Instead the message is clear – Our banks are too big to fail and if they need to seize their customers deposits to prevent them from failing then we must allow it.

http://blog.alexanderhiggins.com/2012/07/20/big-fail-fed-proposal-banks-seize-money-149701/

Chertoff Suggests Precrime Solution to Mass Shooting Psycho

“We need to understand more about the signs that show somebody is either becoming deranged or becoming a terrorist, because there’s a commonality we see again and again, which is a sudden change in behavior, usually some element of becoming more isolated and changing the way you relate to people,” Chertoff said over the weekend on NBC’s “Meet the Press.”

I think it’s a great idea! Let’s start with Harvard MBAs in finance and economics. They’ve destroyed the lives of more people than all the mass shooters. Or those that join Skull and Bones. Or those that make millions and then take jobs in DC for low six figures, that is a sure sign they are going to make decisions that will benefit them financially at the expense of others somewhere down the road.

http://www.infowars.com/chertoff-suggests-precrime-solution-to-mass-shooting-psychos/

Reality Show or Batman Promo?

Unshaven and wearing a burgundy jailhouse top, James Holmes, 24, sat motionless and didn't say anything as the judge advised him he is being held on suspicion of first-degree murder. The former graduate student is accused of killing 12 people and injuring 58 when he started shooting at a midnight showing of the latest Batman movie on Thursday.

http://www.usatoday.com/news/nation/story/2012-07-23/james-holmes-court/56436914/1

Extreme Drought Puts Even More Heat on Economy

America’s breadbasket is baking to a crisp – and the combination of extreme heat and expansive drought is likely to continue well into early August, further damaging corn and soybean crops that have already been severely compromised – and almost certainly pushing prices up higher.

In the last five weeks, U.S. corn prices have surged more than 55 percent as crops continue to bake in the worst drought in the Midwest in more than 50 years, Reuters reported Friday. The scorching conditions will cause further damage to crops that already have been nearly decimated in some Midwest areas.

On Friday corn and soybeans rose to record highs, extending the biggest gains in two-and-a-half years.

http://www.thefiscaltimes.com/Articles/2012/07/21/Extreme-Drought-Puts-Even-More-Heat-on-Economy.aspx#page1

http://www.youtube.com/watch?feature=player_embedded&v=mrcJjDV1a58

 

Does this look like a plane crash?

 

This is a plane crash

This too

Olympic Brand Police Causing Bizarre Merchant Behavior