US Economy Collapses - Monstrous Negative Growth Rate Seals Demise of Dollar

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For months the administration, financial pundits and Wall Street analysts made it a point to inform Americans about the healthy state of our economy. One of the key metrics they’ve used as proof of recovery was the Gross Domestic Product (GDP) which measures the productive output of the U.S. economy as a whole.
Earlier this year the U.S. Bureau of Economic Analysis noted that this measure was showing positive growth. But now, after a second official revision, all of that purported growth used to goad consumers into spending more money on homes, cars and other goods has been revealed to be nothing but conjecture. According to the BEA, not only did economic growth stall during the first quarter of 2014, it completely collapsed, signalling a significant shift in consumption habits amid increasing food and energy prices:

Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual rate of 2.9 percent in the first quarter of 2014 according to the “third” estimate released by the Bureau of Economic Analysis.

The government first made consumers believe that the economy grew. Then they revised this down to slight negative growth. The latest revision of -2.9% growth is significant, because even with official inflation at over 2% America’s economic output has declined. It seems that no matter how much money they pump into the system, it isn’t enough to offset the lack of income or job growth.

This is a monstrous negative revision.
A big part of it was non-residential fixed investment. Rather than invest, companies have issued debt and bought back stock. But this does nothing for the economy — it simply blows a bubble in the market. How long before that comes home to roost? Not long now, I suspect.
If you think companies don’t expect a recession inbound, you’re nuts. Inventory draw-downs subtracted 1.7% from the GDP number. Companies don’t build inventories if they don’t think they can sell them — as such this is a forward indicator.
Oh, and current production profits? They’re down while current taxes were up. Obamacare anyone? Worse is that undistributed profits decreased too and this is the second quarter sequentially in which they did. What does a company pay dividends with? Undistributed profits.
So for two quarter the markets has risen like a rocket while the fuel for that rise has been exhausted for the last six months.
This will turn out well, I’m sure.
Source: Karl Denninger’s Market Ticker

Officially, we have not yet entered a recession. That requires two quarters of negative growth. However, the current trend indicates that’s exactly what’s going to happen. In the next 30 days the BEA should be releasing the GDP rate for the second quarter of 2014. According to economist John Williams that will more than likely show a negative print and will lead to an official confirmation that the U.S. has entered another recession.
What’s worse, unlike the previous recession that followed the collapse of 2008, there is no way out of this one.

The reason for this is that the consumer is strapped… doesn’t have the liquidity to fuel the growth in consumption.
Income… the median household income, net of inflation, is as low as it was in 1967. The average guy is not staying ahead of inflation.
…
As a result – personal consumption is more than two thirds of the economy – there’s no way you can have positive sustainable growth in the U.S. economy without the consumer being healthy.
…
As the renewed downturn gains wider acceptance or wider recognition, that will intensify the selling pressure. When someone starts selling, it’s going to be a race for the door, and I am looking for a dollar selling panic to be the trigger for the onset of hyperinflation.
…
I don’t see what will save it at this point.

To cries of fear mongering and ‘doom porn’ contrarian economists and analysts warned that these numbers were being fabricated, despite the fact the the underlying fundamentals showed a clear draw-down in consumer confidence, company inventory, home sales and overall spending.
Now all of those warnings are coming to pass.
We have entered the next leg down and given that the governments of the world have pretty much used up all of the arrows in their quivers, there is nothing to stop what’s coming.
And what’s coming is nothing short of a complete collapse of our way of life. Hard to believe? Yes. Implausible? No.
It is so plausible, in fact, that well known radio commentator Mark Levin recently noted that the U.S. government has been actively preparing for and simulating the collapse of our financial system, as well as the widespread violence that will follow.

I’ll tell you what I think they’re simulating.
The collapse of our financial system, the collapse of our society and the potential for widespread violence, looting, killing in the streets, because that’s what happens when an economy collapses.
I’m not talking about a recession. I’m talking about a collapse, when people are desperate, when they can’t get food or clothing, when they have no way of going from place to place, when they can’t protect themselves.
There aren’t enough police officers on the face of the earth to adequately handle a situation like that.

This is happening right here and now. The streets may not devolve into madness tomorrow or next month, but piece by piece the foundations of America’s economic health and social structure are crumbling. The time to finalize preparations for what’s coming is now.
It’s going to go from bad to worse.

(InfoWars.com)

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America is Collapsing: 0.8 Million "Shock Troops" deployed across Major US cities

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A highly concerning urgent action report issued by the Russian Ministry of Foreign Affairs (MoFA) is warning that “American internal stability” has now entered into a “more dangerous and critical phase” after Russian Main Intelligence Directorate (GRU) intelligence assests began reporting the large-scale deployment of what are called Obama regime's “shock troops” throughout the United States this past week.

The “shock troops” currently being deployed by the Obama regime, this report explains, number nearly 800,000 and were “activated” this past month under Section 5210 of the controversial US law titled the Patient Protection and Affordable Care Act (PPACA) [aka Obamacare] titled “Establishing a Ready Reserve Corps” and stating that this force must be ready for “involuntary calls to active duty during national emergencies and public health crises.”

Though virtually unknown to the American people, this report continues, the Obama regimes Ready Reserve Corp (RRC) is the militarized arm of United States Public Health Service Commissioned Corps which is one of the seven uniformed services of the United States that includes the United States Army, United States Marine Corps, United States Navy, United States Air Force, United States Coast Guard and the National Oceanic and the Atmospheric Administration Commissioned Officer Corps.

Further to note, this report says, are that these “shock troops” being unleashed upon the American people were foretold of when then presidential candidate Obama, in 2008, stated: “We cannot continue to rely on our military in order to achieve the national security objectives we've set. We've got to have a civilian national security force that's just as powerful, just as strong, just as well-funded.”

True to his word, GRU intelligence analysts contributing to this report say, Obama has over the past five years created one of the most powerful and secretive private armies in the world today, and has done so while at the same time depleting the US military, including the elimination of 13 US Army combat brigades and US Marine force reductions that shreds their strength by nearly 13,000 troops recommended by senior Marine analysts to maintain their readiness.

As to how the Obama regime has armed these “shock troops,” this report explains, has been accomplished by RRC elements embedded within nearly every branch of the US government who over the past few years have purchased billions of rounds of ammunition, including the National Oceanic and the Atmospheric Administration Commissioned Officer Corps which purchased 56,000 rounds of .40 caliber 180 grain jacketed hollow points and 16,000 rounds of .40 caliber frangible lead free rounds, and their subordinate agency, the National Weather Service, which ordered another 16,000 rounds of .40 S&W jacketed hollow point (JHP) bullets.

Other RRC “shock troop” elements loyal to the Obama regime to have massively armed themselves, this report continues, include the US Department of Education whose arm purchases include $80,000 on Glock pistols and over $17,000 on Remington shotguns, and the US Postal Service that is currently seeking companies that can provide “assorted small arms ammunition” in the near future, and which is a stunning move the US Postal Service has never done in its entire history.

As millions of Americans are now teetering on the edge of financial ruin, this report warns, and the countdown to the nationalization of their retirement savings has begun, these Obama loyal “shock troops” will, undoubtedly, be utilized to maintain order as the United States faces outright collapse, if not large scale civil war.

What remains unknown, this report says, is whether or not these “shock troops” will be used to round up and imprison those disloyal to Obama, but which US Supreme Court Justice Antonin Scalia eerily warned law students at the University of Hawaii this past week: “You are kidding yourself if you think World War II-style internment camps will never happen again.”

To how soon Obama will unleash his “shock troops” upon the American people, this report concludes, appears to be “much sooner than later” in light of the US markets nearing a crash, the sudden collapse of Germany’s stock market this morning and the massive deadly fire that destroyed all of Argentina’s Central Banks records in what was supposed to be one of the most secure facilities of its kind ever built. 

In short, all of these events point, at the very least, to the very likely conclusion that the American people will, indeed, pay for their ignoring the police state the Obama regime has created around them, and which all to soon they will be made to pay with their freedom, if not their very lives for doing so.

(WhatDoesItMean.com)

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Economic Collapse: Super Bowl 9/11 “Warning” Sends Shockwave Across the Globe

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An ominous entry placed into the Ministry of Foreign Affairs (MoFA) report prepared by top disarmament official Mikhail Ulyanov and circulating in the Kremlin today claims that the “staged” warning given to the world yesterday by Edward Snowden protégé and defender Matthew Mills [photo top left with US newsman Tom Brokaw] during a press conference following the most watched television event in America, called the Super Bowl, is most likely a “precursor” for a “false flag” type event due to occur within the month engineered by the Obama regime. 

The crux of Minister Ulyanov’s report, it should be noted, was a warning that Russia may soon be forced to withdraw from the 1991 Strategic Arms Reduction Treaty (START) signed between the United States and the former Soviet Union (but which still remains in force) due to the Obama regimes deployment of the ballistic missile defense destroyer USS Donald Cook into Spanish waters in clear violation of this treaties provisions.

A further violation of START by the Obama regime, this report says, involves the massive US military operation called Sentry Savannah 2014 involving hundreds of fighter aircraft operating this month within the “protected zone” of Washington D.C. as a concentration of these forces have raised concerns that the US is fearing a large scale attack/retaliation of some type to occur. 

In the midst of Russia’s growing concerns about the increasingly belligerent Obama regime towards international treaties, this report continues, the “staged event” that occurred yesterday during a Super Bowl press conference cannot be overlooked due to its links to the US military factions supporting Snowden.

Of the “staged event” itself, this report says, Matthew Mills, 30, interrupted a post game press conference by taking the stage, grabbing the microphone and saying, “Investigate 9/11...9/11 was perpetrated by people within our own government.” [See video HERE]

Mills, this report continues, is associated with the dissident American independent press organization WeAreChange.org whose leader, Luke Rudkowski, has long been a target of the Obama regime for his support of Snowden, most especially his ground breaking interview [See video HERE] with Lavabit founder Ladar Levison exposing how Snowden’s encrypted email system was illegally shut down by the US government.

As to how Mills was able to gain access to the most secured sports event in American history to give his 9/11 warning to the 47.6 percent of US homes who watched the Super Bowl, this report says, was detailed by a local news report which stated:

“[Mills] saw an employee bus at Secaucus Junction and hopped aboard.
Around Mills' neck was an old credential from a festival he covered, a rectangular badge that, at quick glance, didn't look too dissimilar from the ones issued to media members, team employees and others who worked the Super Bowl.
He also used a common refrain whenever hassled by security, which is supposed to verify each credential or ticket with a barcode along with putting attendees through other security screenings.
“I just said I was running late for work and I had to get in there,” Mills said. “It was that simple.”
Mills said he got through multiple layers of security using that bogus story.
“I didn't think that I'd get that far,” Mill said. “I just kept getting closer and closer. Once I got past the final gate and into the stadium, I was dumbfounded.”

Russian intelligence officials, however, in this report dispute this account as “preposterous” based upon their knowledge of security screening protocols used by US federal policing authorities and further note that a security lapse of this magnitude could not have been perpetrated without “inside help.”

As to the exact purpose/reason behind this 9/11 “warning” this report concludes, it cannot be overlooked that its timing coincides with the suiciding this past week of the three top bankers investigating the manipulation of the gold and silver markets by US banking giant JPMorgan whose vaults now hold less than $1 billon worth of gold bullion against the $64 billion they have to pay out by 15 February.

Critical to note, and as we had reported on in our report “15 February “Catastrophe”Warned Will Shake Entire World,” the Main Intelligence Directorate (GRU) of the Ministry of Defense had previously warned that the assassinations of these three top Western bankers was being engineered by the Obama regime in order to establish some type of “new world economic order” prior to the coming global meltdown of markets and massive bank failures, some of which have already begun.

Also, and as the GRU exhaustively noted, with the proof that the 11 September 2001 attacks upon the US were designed, in part, to prevent the total collapse of Western banking system, with the warning signs of a global economic meltdown increasing by the day, and with the Obama regimes increasing reliance on dictatorial rule, this report concludes by stating that this “9/11 warning” should, indeed, send shockwaves across the entire world.

(WhatDoesItMean.com)

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Global Economic Collapse: 15th February "Catastrophe" will shake the Entire World

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A grim report circulating in the Kremlin prepared the by Russian Main Intelligence Directorate (GRU) of the Ministry of Defense is warning that the assassinations this past week of three top Western bankers coincide with Snowden Documents detailing a 15 February 2014 “catastrophe” being engineered by the Obama regime in order to establish some type of “new world economic order” prior to the coming global meltdown of markets and massive bank failures, some of which have already begun.

Edward Snowden is a computer specialist and former Central Intelligence Agency (CIA) agent who with his yet unidentified US military backers obtained nearly two million highly classified top-secret documents from the United States Department of Defense (DOD) run National Security Agency-Central Security Service (NSA/CSS) and was granted temporary asylum in Russia in 2013 after his designation by the Obama regime as the “most wanted man on earth.”

The three Western bankers targeted for elimination by Obama regime “black team hit squads,” this report says, were Deutsche Bank executive Bill Broeksmit, 58, found dead at his home in Chelsea, south west London, on 26 January, JPMorgan Chase & Company vice president in technology operations Gabriel Magee, 39, who died after falling from his London headquarters on 28 January, and chief economist at Russell Investments, and former US Federal Reserve economist, Mike Dueker, 50, found dead at the side of a highway that leads to the Tacoma Narrows Bridge in Washington State on 31 January.

The “common link” between these bankers, this GRU report continues, began this past year after two JP Morgan whistleblowers confessed that their bank manipulates the gold and silver markets, which led to this past weeks stunning announcement that Europe's largest bank, Deutsche Bank, would withdraw from the appropriately named gold and silver price “fixing”, as European regulators investigate the manipulation of precious metals prices by Western banks.

Deutsche Bank executive Broeksmit, called among the “finest minds” in his field, and Russell Investments Dueker, ranked among the top 5 percent of economists by number of works published, this report says, were at the forefront of the European investigation into JPMorgan gold and silver price manipulation and had as their “inside man” JPMorgan tech guru Magee who oversaw his banks computer systems built for this crime.

Critical to note, GRU economic analysts say in this report, is that if the price of gold and silver were to achieve their “honest” level, JPMorgan would collapse as it does not have the reserves needed to equal the “paper” gold it has already sold, and a JPMorgan collapse would then, in turn, implode the entire global economic system.

Even worse, this report continues, JPMorgan crimes have now reached into the motherland itself after the Russian Central Bank (RCB) yesterday was forced to shut down Moscow-based lenders My Bank and Priroda Bank after they were unable to retrieve their foreign deposits from the British multinational banking and financial services company HSBC due to their imposing restrictions on large cash withdrawals on 24 January.

As the United States just reported its worst January stock market in 24 years, this report continues, the Obama regimes “master plan” of purposefully creating global financial chaos  in order to destabilize enemy countries and create a flight into the US dollar is now failing and has led to the highly influential trends forecaster Gerald Celente to warn people this week that they need to “brace themselves for a disastrous global collapse and riots that will engulf the entire world.”
 
Not just Celente is issuing warnings either, this report says, but so has too the famous US economist and former Harvard economics professor Terry Burnham who during an interview this past week on PBS NewsHour stated that he was removing his $1 million of life savings from Bank of America because American banks are no longer safe.

This GRU further notes that despite the 6.5% US stock market rally over the last three months, a handful of billionaires are quietly dumping their American stocks . . . and fast.

Most ominous to note in this GRU report are Russian intelligence analysts noting that Snowden’s documents refer to a 15 February “catastrophe” due to occur based upon the US nearing a Black Eagle Trust Fund type “event horizon.”

Though virtually unknown to the American, within two hours of the 11 September 2001 attacks, the US Securities and Exchange Commission (SEC) declared a national emergency, and for the first time in US history, invoked its emergency powers under Securities Exchange Act Section 12(k) easing regulatory restrictions for clearing and settling security trades for the next 15 days.

These changes would allow an estimated $240 billion in covert US government securities to be cleared upon maturity without the standard regulatory controls around identification of ownership due to the quickly unfolding Black Eagle Trust Fund plot that would have most certainly destroyed the entire global economic system.

Even more ominous, and, again, virtually unknown to the American people, is that the war the US has been waging for over a decade was, in fact, declared on 10 September 2001 when then Defense Secretary Donald Rumsfeld, testifying before the US Congress [watch video HERE], stated that he had declared war on the Pentagon itself over his discovery of over $2.3 trillion missing from their accounts and warning it was a “matter of life and death.”

To if the Obama regime would resort to a 9/11 type false flag attack once again to protect the Western banking system, this report gravely warns, cannot be ruled out as evidence has long proven what German central bank president Ernst Welteke called “terrorism insider trading” relating to this horrific event.

Specifically, the Chicago Board Options Exchange reported to the SEC that four days before the attack an extremely unbalanced number of trades betting United’s stock price would fall were being placed, followed one day before the attack by the US stock options market authorities reporting to the SEC that an equally extraordinary number of trades were betting that American Airlines stock price would fall too.  As to who made these trades, and made tens-of-millions of dollars from them, the world will never know as the Obama regimes SEC admitted in 2010 that they had destroyed all the documents relating to them.

This GRU report further notes that with the New York City headquarters of the SEC destroyed on 9/11 after the mysterious implosion of World Trade Center Building 7, and the equally devastating cruise missile attack on the Pentagon that destroyed its computing accounting system burying forever the information on where the missing $2.3 trillion went, this new “catastrophic event” being planned by the Obama regime within a fortnight of 15 February can be expected to be as worse, and will, most assuredly, “shake the entire world.”
Related:

• Major World Banks Collapsing - Save your money NOW!

(WhatDoesItMean.com)

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Major World Banks Collapsing - Save your money NOW!

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Something is happening in the banking world and it looks ugly.

• In Russia ‘My Bank’ has halted all cash withdrawals.
• HSBC is imposing restrictions on large cash withdrawals.
• Currency in Argentina is collapsing.
• Venezuela has devalued its currency by 44%.
• Turkey’s currency fell to a record low against the dollar.

You know how it works; once the first domino falls…
Related:

• Banks deploy Capital Controls by stealth
• Project BlitzKrieg is here

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Demise of Dollar: Kentucky Town to Pay Police Chief in Bitcoin

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City employees in Vicco, Kentucky could be receiving their paychecks in the form of bitcoin as early as this month after officials there agreed on Monday to begin compensating the chief of police with the emerging crypto-currency.

City officials said on Monday this week that there won’t be a problem with paying Vicco Police Chief Tony Vaughn electronically using bitcoin, an online-only digital form of currency that has in recent months been accepted at an increasing number of retailers around the world.

Bitcoin allows users to securely pay for goods and services with near total anonymity, all while avoiding the regulations and restrictions often imposed by state-controlled currencies, such as the dollar.

Cris Ritchie for Kentucky’s Hazard Herald reported on Wednesday that Vaughn made his request last month, and this week city officials said they finished their research and would be willing to pay the chief’s salary in bitcoin if that’s his preference.

"We done a checkup on it, and that's the way he wants paid, and that's the way the city is going to pay him," City Commissioner Claude Branson told the Herald. “Basically his next paycheck” could be in bitcoin, Mayor Johnny Cummings said to the paper. “They've set up the accounts for Vicco and for Tony, so it can be transferred.” "We just want to be on top of things, and up-and-coming and more progressive as a city," the mayor added.

All applicable federal and state taxes will still be chopped from the top of Vaughn’s salary each pay period, Cummings added, but the remainder will be electronically converted and put in the control of a city-run bitcoin account where funds will then be instantaneously transferred to Vicco’s own digital wallet.

"I'm excited about it; it's a first for Vicco again," Vaughn told Richie, referring to an ordinance passed by the city earlier this year that outlaws discrimination based on sexual orientation. Last month, the United States Senate approved of a similar bill that functions on a federal level — the Employment Non-Discrimination Act, or ENDA — but that act has yet to clear Congress.

But while the EDNA may eventually make its way to President Barack Obama’s desk and be signed into law, no measures whatsoever have been proposed in Congress just yet that would require the government to pay federal employees in bitcoin. Meanwhile, though, Federal Reserve Chairman Ben Bernanke wrote to the Senate recently that virtual currencies, like bitcoin, "may hold long-term promise, particularly if the innovations promote a faster, more secure, and more efficient payment system."

One bitcoin is currently worth US$1,230, up from $240 just one month earlier. Earlier this year a Canadian man attempted to sell his Alberta home for bitcoin, and the University of Nicosia in Cyprus recently became the first institution of its type to accept the virtual currency for tuition.

(RT)

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WikiLeaks: "Free Trade" means "World's Schoolyard Bullying by US"

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A protester wearing a monkey mask raises his fist during a rally against Japan participating in rule-making negotiations for the U.S.-led Trans-Pacific Partnership (TPP) in front of the parliament in Tokyo (Reuters / Issei Kato)

In a leaked negotiation document about going trade negotiations, it becomes clear that the United States is still asserting its role as the world’s master of self-entitlement.

On Wednesday, a document leaked from an ongoing trade negotiation was published by WikiLeaks. It concerns the monopolies and exclusive rights we know as copyrights, patents, trademarks, and so on. While the contents of the proposed trade agreement are certainly interesting, not to say very alarming, it's even more interesting to see how the United States keeps asserting its industry interests over the world under the false flag of “free trade.”

This process started with Japanese cars in the 1970s. As people in the United States started shunning Detroit's cars in favor of Toyota, policymakers in the US realized that the country's age of industrial competitiveness had effectively come to an end, and sought new ways to keep the United States at the top of the food chain, competitive or not. The result was as audacious, daring, and provocative as it was successful: redefine "value,” "industry,” and "production" in a series of lopsided interstate contracts masqueraded as "free trade" deals that would make sure the United States kept being paid by the rest of the world.

The first of these "free trade" deals - more accurately described as Industrial Protectionism (IP) - was the agreement on Trade Related Aspects of Intellectual Property Rights (TRIPS), which stands at the heart of the World Trade Organization (WTO). Its champion had been then-CEO of Pfizer, Edmund Pratt, who wanted to prohibit people in the third world from using their own raw materials and pharmaceutical knowledge in their own laboratories and plants to cure and treat their own people's diseases. He wanted to force them to buy from Pfizer or die trying. Millions died as a result of the success of the TRIPS "free trade" agreement and the WTO.

There is no word for this type of behavior short of "evil.”

As the TRIPS agreement on Industrial Protectionism (IP) was being negotiated, every industry interest in the United States chimed in and wanted their piece of the pie. Hollywood's movie industry, the record industry, everybody. This new leaked trade agreement - that has absolutely nothing to do with free trade, but with the upholding of exclusive rights and monopolies that limit free trade - builds on the previous TRIPS agreement; it harshens it and deepens it. It is named TPP, the "Trans-Pacific Partnership.”

The divide between the United States and other countries on the unfairness of the aggressively pushed "United States uber alles" agenda is very clear. It's almost enough to read the introduction, where the vast majority of participating countries have proposed this language, to safeguard our common cultural and scientific legacy: 

"The objectives of this chapter are... to maintain a balance between the rights of intellectual property holders and the legitimate interests of users and the community in subject matter protected by intellectual property; protect the ability of Parties to identify, promote access to and preserve the public domain; ensure that measures and procedures to enforce intellectual property rights do not themselves become barriers to legitimate trade."

The United States blanketly opposes all of it. There shall be no balance, there shall be no promotion of monopoly-less trade (which, ironically, is anybody's normal definition of free trade). There shall only be exclusive rights, which are typically held by the United States.

Also, the legal language is deliberately convoluted - the United States wants to give Hollywood the right to shut people off from the internet (and therefore most of their citizens' rights) without due process, but this is hidden deep down in legal jumbo. How many would recognize the terms "injunctive relief" or "liability conditions" as depriving citizens of their freedoms of speech, press, and assembly? I fear many people would be shocked once they realized what the legal language means - but at that point, it will be much harder to stop this idiocy.

This agreement is not about free trade. Copyright and patent monopolies, by definition, are the opposite of free trade; they are exclusive rights preventing free trade. This agreement is about asserting trade monopolies held by the United States and forcing everybody else to pay protection money or go to jail for disrespecting the powers that be.

This is not free trade. This is racketeering. And it is disgusting.

(RT)

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US Drone Fires Missile at US Navy Ship, Several Wounded

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While hardly as dramatic as last week’s revelation that Syrian Al-CIA-Da cannibals apologized after chopping off the head of one of their CIA-funded “rebels” by mistake, the news that a US drone struck a US missile cruiser during training off Southern California, causing two injuries (there is a big chance of under-reporting of facts) is maybe even more embarrassing. After all, with Al-CIA-Da one can at least make a legitimate case of a friendly fire, er, beheading incident. When it comes to the coast off SoCal, it will be difficult to suggest the Chinese (or Russian) navies were running sorties next to the surfers off Point Mugu.
From AP:

The Navy says an aerial target drone malfunctioned and struck a guided missile cruiser during training off Southern California, causing two minor injuries.
Lt. Lenaya (luh-NEY-yah) Rotklein of the U.S. Third Fleet said the accident on the USS Chancellorsville happened Saturday afternoon while the ship was testing its combat weapons system off Point Mugu.
She said two sailors were treated for minor burns after the ship was struck. She said the ship was heading back to Naval Base San Diego so that officials can assess the damage.

Syrian “hackers” to be blamed shortly (just like in the case of healthcare.gov), as the time for Obama’s internet kill swtich “put option” is long overue.

(ZeroHedge)

(Mildly edited by Pakistan Cyber Force Web Desk)
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Obamacare “Death Spiral” Warned Could Collapse Global Economy By February

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A stunning Russian Ministry of Finance (MoF) report released today on the global impact of the recently implemented Affordable Care Act (ACA) [otherwise known as Obamacare] in the United States is warning that this new law is now in a “death spiral” which could, by February 2014, collapse the entire world’s economic system as the US Federal Reserve would not be able to bail out its European Union (EU) counterpart central banks as it had done with the over $80 billion in secret loans given to them after the 2007-2008 financial crisis due to this laws “massive failure.”

According to this report, Obamacare was enacted to increase the quality and affordability of US health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals and the government in an area which encompasses nearly 20% of the entire American gross domestic product (GDP).

What Obamacare has, instead, accomplished, this report says, is an unprecedented soaring in price of US health insurance, the dumping by American insurance companies of hundreds of thousands of previously insured people, and the skyrocketing of healthcare costs for everyone.

So grim has Obamacare become, this report continues, the highly respected Kaiser Health News reported this week that up to another 14 million Americans will lose their private healthcare because their policies fall short of what the this law requires starting 1 January 2014.

Even worse, this report says, and as the MoF quotes from US sources, tens of millions of Americans have started losing their jobs because of Obamacare with tens of millions more being shifted to part-time from full-time work due to this laws “inflexible mandates.”

In one of the many examples contained in this report of what Obamacare is truly costing these people, this MoF report details, is one American mothers experience in obtaining new health insurance for her family as reported by The News Virginian, and which, in part, says:

“So, she was stunned when she found out what her new insurance policy would cost.
The Highmark representative explained that her new policy had to meet all the requirements of the Affordable Care Act (ObamaCare). It would have to cover things she does not want or need — such as mental health problems, substance abuse and maternity care.
She asked the representative to help her choose a policy similar to what she had. The closest match he could find was a comprehensive PPO policy.
Her deductible would go from $1,200 to $1,500 per person, but her family deductible would increase from $2,400 to $5,000.
Her 90-percent copay would rise to 80 percent. Instead of being responsible for only 10 percent of her medical bills, after the deductible is met, she would be responsible for 20 percent. Her maximum out-of-pocket costs would soar from $2,000, after deductibles, to $12,000.
Her premium would go from $400 to $884 per month — an increase of almost $6,000 per year.
If she or one of her children were to get ill, as her husband did, her out-of-pocket costs would run about $24,000 a year.”

And not just to the known costs of Obamacare will these Americans be subjected to either, this report continues, but also to what the Forbes News Service warned this week will be the “next shoe to drop” and involves the “hidden costs” of this law that will impact “those who actually use their healthcare insurance, especially people with catastrophic medical bills.”

To how many people have actually signed up for Obamacare, this report continues, is an “unknowable equation” as the US government website (Healthcare.gov) Americans need access to purchase these outlandishly expensive health insurance polices from has experienced what has been called a “perfect storm IT meltdown” with over 500 million lines of computer code possibly needed to be completely rewritten.

As to whom is responsible for this “perfect storm IT meltdown” of the Obamacare website, this report says, is first due to the French Canadian software computer company the Obama regime contracted with for over $500 million to build its signature piece online insurance “marketplace,” Conseillers en Gestion et Informatique (CGI), and who was terminated in September 2012 by an Ontario government health agency after the firm missed three years of deadlines and failed to deliver the province’s flagship online medical registry.

Second to blame for the Obamacare websites massive failure, this report continues, is the Obama regime itself who, according to the Forbes News Service, designed it in order to keep the American people from knowing the true and full costs of the insurance polices they were being required to purchase.

As to the cost of these new Obamacare polices, this report says, they are divided into categories listed as “Bronze” “Silver” “Gold” and “Platinum,” with the average price per month for an American family aged 30 (insuring a father, mother and two children) costing between $818.16 and $1,071.39 and all of the plans covering the same benefits and capping annual out-of-pocket expenses at $6,350 for an individual, $12,700 for families.

Of the greatest danger Obamacare is to the US economy, this report warns, are exactly these astronomical costs associated with these polices in a nation whose real (U-7) unemployment rate is 15.63%, has 25 million of its citizens that can’t get full time jobs, and, most shockingly, has reported that a record 90,609,000 of its workers have dropped out of work force entirely.

As to exactly how these under and unemployed Americans are supposed to afford these polices under Obamacare, this report says, no one in the American government is saying, or able to say. This cannot be said, however, of the US insurance companies themselves, this report concludes, who this past week warned that Obamacare is now (or soon will be) in what they call a “death spiral” due to healthy young people not signing up due to “high cost and complication of access” which in turn will cause those who have signed up to see their premiums soar even higher.

To the US governments response to all of this was, perhaps, best summed up by the Insurance Journal News Service who said this week that Obama regime “has decided to triple down on the “burn the boats” strategy pioneered by Hernan Cortes in his conquest of Mexico: Make a total commitment in the hopes that this will somehow enable you to overcome impossible odds.”

And to the greatest danger of Obamacare’s cost to the global economic system, this reports summation warns, is that the US debt ceiling, suspended last week until 7 February 2014, and which in the past week alone has surged to over $17 trillion for the first time in American history, will leave the Federal Reserve, that has accumulated an unprecedented balance sheet of more than $3.6 trillion (equal to the amount spent by Obama on welfare) from its scam printing money strategy, unable to bail out the world again when the next crisis hits.

(WhatDoesItMean.com)

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Saudi Arabia severs diplomatic ties with US over response to conflict in Syria

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Upset at President Barack Obama's policies on Iran and Syria, members of Saudi Arabia's ruling family are threatening a rift with the United States that could take the alliance between Washington and the kingdom to its lowest point in years.

Saudi Arabia's intelligence chief is vowing that the kingdom will make a 'major shift' in relations with the United States to protest perceived American inaction over Syria's civil war as well as recent U.S. overtures to Iran, a source close to Saudi policy said on Tuesday.

Prince Bandar bin Sultan told European diplomats that the United States had failed to act effectively against Syrian President Bashar al-Assad and the Israeli-Palestinian conflict, was growing closer to Tehran, and had failed to back Saudi support for Bahrain when it crushed an anti-government revolt in 2011, the source said.

'Major change': Prince Bandar Bin Sultan said the kingdom will make a "major shift" in relations with the United States

 
'The shift away from the U.S. is a major one,' the source close to Saudi policy said. 'Saudi doesn't want to find itself any longer in a situation where it is dependent.'

It was not immediately clear whether the reported statements by Prince Bandar, who was the Saudi ambassador to Washington for 22 years, had the full backing of King Abdullah.

The growing breach between the United States and Saudi Arabia was also on display in Washington, where another senior Saudi prince criticized Obama's Middle East policies, accusing him of 'dithering' on Syria and Israeli-Palestinian peace.

 

In unusually blunt public remarks, Prince Turki al-Faisal called Obama's policies in Syria 'lamentable' and ridiculed a U.S.-Russian deal to eliminate Assad's chemical weapons. He suggested it was a ruse to let Obama avoid military action in Syria.

'The current charade of international control over Bashar's chemical arsenal would be funny if it were not so blatantly perfidious. And designed not only to give Mr. Obama an opportunity to back down (from military strikes), but also to help Assad to butcher his people,' said Prince Turki, a member of the Saudi royal family and former director of Saudi intelligence.

Kerry welcomes Iranian diplomacy

Inaction: The Saudis say they are getting upset by President Obama's inaction in dealing with the conflict in Syria

 
The United States and Saudi Arabia have been allies since the kingdom was declared in 1932, giving Riyadh a powerful military protector and Washington secure oil supplies.

The Saudi criticism came days after the 40th anniversary of the October 1973 Arab oil embargo imposed to punish the West for supporting Israel in the Yom Kippur war.

That was one of the low points in U.S.-Saudi ties, which were also badly shaken by the September 11, 2001, attacks on the United States. Most of the 9/11 hijackers were Saudi nationals.

Saudi Arabia gave a clear sign of its displeasure over Obama's foreign policy last week when it rejected a coveted two-year term on the U.N. Security Council in a display of anger over the failure of the international community to end the war in Syria and act on other Middle East issues.

Prince Turki indicated that Saudi Arabia will not reverse that decision, which he said was a result of the Security Council's failure to stop Assad and implement its own decision on the Israeli-Palestinian conflict.

Picking sides: Russian President Vladimir Putin, seen here with bin Sultan, has sided with the Syrian government in the conflict

 
'There is nothing whimsical about the decision to forego membership of the Security Council. It is based on the ineffectual experience of that body,' he said in a speech to the Washington-based National Council on U.S.-Arab Relations.

In London, U.S. Secretary of State John Kerry said he discussed Riyadh's concerns when he met Foreign Minister Saud al-Faisal in Paris on Monday.

Kerry said he told the Saudi minister no deal with Iran was better than a bad deal. 'I have great confidence that the United States and Saudi Arabia will continue to be the close and important friends and allies that we have been,' Kerry told reporters.

Prince Bandar is seen as a foreign policy hawk, especially on Iran. The Sunni Muslim kingdom's rivalry with Shi'ite Iran, an ally of Syria, has amplified sectarian tensions across the Middle East.
A son of the late defense minister and crown prince, Prince Sultan, and a protégé of the late King Fahd, he fell from favor with King Abdullah after clashing on foreign policy in 2005.

But he was called in from the cold last year with a mandate to bring down Assad, diplomats in the Gulf say. Over the past year, he has led Saudi efforts to bring arms and other aid to Syrian rebels.

'Prince Bandar told diplomats that he plans to limit interaction with the U.S.,' the source close to Saudi policy said.

Secretary of State John Kerry says he's confident the U.S. will continue to have a good relationship with Saudi Arabia

 
This happens after the U.S. failed to take any effective action on Syria and Palestine. Relations with the U.S. have been deteriorating for a while, as Saudi feels that the U.S. is growing closer with Iran and the U.S. also failed to support Saudi during the Bahrain uprising," the source said.

The source declined to provide more details of Bandar's talks with the diplomats, which took place in the past few days.

But he suggested that the planned change in ties between the energy superpower and the United States would have wide-ranging consequences, including on arms purchases and oil sales.

Saudi Arabia, the world's biggest oil exporter, ploughs much of its earnings back into U.S. assets. Most of the Saudi central bank's net foreign assets of $690 billion are thought to be denominated in dollars, much of them in U.S. Treasury bonds.

'All options are on the table now, and for sure there will be some impact,' the Saudi source said.

He said there would be no further coordination with the United States over the war in Syria, where the Saudis have armed and financed rebel groups fighting Assad.

The kingdom has informed the United States of its actions in Syria, and diplomats say it has respected U.S. requests not to supply the groups with advanced weaponry that the West fears could fall into the hands of al Qaeda-aligned groups.

Saudi intelligence chief Prince Turki Al Faisal also is outraged the international community has let the war continue in Syria

 
Saudi anger boiled over after Washington refrained from military strikes in response to a poison gas attack in Damascus in August when Assad agreed to give up his chemical weapons arsenal.

Representative Chris Van Hollen, a member of the U.S. House of Representatives' Democratic leadership, told Reuters' Washington Summit on Tuesday that the Saudi moves were intended to pressure Obama to take action in Syria.

'We know their game. They're trying to send a signal that we should all get involved militarily in Syria, and I think that would be a big mistake to get in the middle of the Syrian civil war,' Van Hollen said.

'And the Saudis should start by stopping their funding of the al Qaeda-related groups in Syria. In addition to the fact that it's a country that doesn't allow women to drive,' said Van Hollen, who is close to Obama on domestic issues in Congress but is less influential on foreign policy.

Saudi Arabia is concerned about signs of a tentative reconciliation between Washington and Tehran, something Riyadh fears may lead to a 'grand bargain' on the Iranian nuclear program that would leave Riyadh at a disadvantage.

Prince Turki expressed doubt that Obama would succeed in what he called an 'open arms approach' to Iran, which he accused of meddling in Syria, Lebanon, Yemen, Iraq and Bahrain.

'We Saudis observe President Obama's efforts in this regard. The road ahead is arduous,' he said. 'Whether (Iranian President Hassan) Rouhani will succeed in steering Iran toward sensible policies is already contested in Iran. The forces of darkness in Qom and Tehran are well entrenched.'

The U.N. Security Council has been paralyzed over the 31-month-old Syria conflict, with permanent members Russia and China repeatedly blocking measures to condemn Assad.

Saudi Arabia backs Assad's mostly Sunni rebel foes. The Syrian leader, whose Alawite sect is derived from Shi'ite Islam, has support from Iran and the armed Lebanese Shi'ite movement Hezbollah. The Syrian leader denounces the insurgents as al Qaeda-linked groups backed by Sunni-ruled states.

In Bahrain, home of the U.S. Fifth Fleet, a simmering pro-democracy revolt by its Shi'ite majority has prompted calls by some in Washington for U.S. ships to be based elsewhere.

Many U.S. economic interests in Saudi Arabia involve government contracts in defense, other security sectors, health care, education, information technology and construction.

(dailymail.co.uk)

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