Judge Finds MERS Has No Right to Transfer Mortgages, Finds Entire MERS Process Illegal

Posted on Feb 14, 2011 in Economic News

Source: Zero Hedge

There was a time when news, especially very bad news, moved stocks. The last time that occurred was in the middle of 2009, before most robots had any idea just how massive Bernanke’s schizoid break with reality was. Now, that the appropriate sociopathology is fully priced in, bad news tends to have an even more profound upside impact on stocks than good news, as it guarantees that the Zimbabwe stock market will be upon us far sooner than if the economy were to have to go through another inter-QE episode. Which is why the just released news out of US Bankruptcy Judge Robert Grossman of Central Islip, New York, that MERS lacks rights to transfer mortgages will likely send the entire S&P circuit breaker up.

From Bloomberg:

“Merscorp Inc., operator of the electronic-registration system that contains about half of all U.S. home mortgages, has no right to transfer the mortgages under its membership rules, a judge said…U.S. Bankruptcy Judge Robert E. Grossman in Central Islip, New York, in a decision he said he knew would have a “significant impact,” wrote that the membership rules of the company’s Mortgage Electronic Registration Systems, or MERS, don’t make it an agent of the banks that own the mortgages…”

“MERS’s theory that it can act as a ‘common agent’ for undisclosed principals is not supported by the law,” Grossman wrote in a Feb.

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Highlights of the $3.73 Trillion Budget Request for 2012

Posted on Feb 14, 2011 in Political Issues

Source: Associated Press

A look at what President Barack Obama has requested in his $3.73 trillion budget for the 2012 fiscal year beginning Oct. 1.

Summary: Homeland Security gets $44 Billion with a priority on naked body scanners.  The Transportation Department gets over a half Trillion dollars for new highway and rail construction, including $53 billion for high-speed trains.  $500 million will go to the new Bureau of Ocean Energy Management and Enforcement (See my article on LOST.) and NIST, the group that dropped the ball on the Sept. 11th investigation will be getting $764 million, roughly a 17% increase from last year.

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Agency: NASA

Spending: $18.7 billion

Percentage Change from 2011: 0.9 percent decrease

Discretionary Spending: $18.7 billion

Highlights: Obama’s space budget is about the same as the previous year, avoiding the major proposed cuts other agencies are facing, partly because of the long planned retirement of the space shuttle fleet. With Obama continuing a Bush administration decision to stop flying the 30-year-old shuttles, NASA can then shift the couple billion dollars it has been spending yearly to launch shuttles to other projects....

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A Glass of Wine Each Day Helps Prevent Diabetes

Posted on Feb 14, 2011 in Health, Food News, & Big Pharma

Source: Natural News

TruthisTreason.net

A single glass of red wine may be as effective at controlling blood sugar as standard diabetes drugs, according to a study conducted by researchers from the University of Natural Resources and Applied Life Sciences in Vienna, Austria.

Previous research has shown that red wine, grape skins and red grape juice are high in plant chemicals called polyphenols. These antioxidants have been shown to help the body regulate blood sugar, and may thereby help prevent or control diabetes. In the current study, researchers studied the action of grape polyphenols on a cell receptor called PPAR-gamma, which plays an important role in blood sugar regulation, energy storage and fat storage. They found that even a small glass of wine has enough polyphenols to activate the receptor at least as effectively as the diabetes drug Avandia.

The researchers also compared the polyphenol content of 12 different wines, confirming the popular wisdom that concentrations are higher in red wine.

“This is further scientific evidence that a small amount of wine really is beneficial for health,” researcher Alois Jungbauer said.

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David Icke: There Has Been NO Revolution in Egypt Thumbnail

David Icke: There Has Been NO Revolution in Egypt

Posted on Feb 14, 2011 in Blog, Editorials, & Thoughts

Source: David Icke

TruthisTreason.net

I have been watching the understandable euphoria in Egypt live on Al Jazeera television, but please, there must be a sense of perspective here – and urgently.

There has been NO REVOLUTION so far – a despicable tyrant has gone, but the army that imposed the will of that despicable tyrant for 30 years is now in charge and the Egyptian army is not only controlled by the US, it is funded by massive American military ‘aid’ – second only in scale to Israel.

It is true that the army didn’t fire on the demonstrators as it would have done before, but it did so at the time that its masters in America were calling for Mubarak to step down, in effect, and for the protesters to be left alone. Why did the US government do this after supporting the tyrant for 30 years? Because they want ‘regime change’ in Egypt as part of a domino effect across the whole Middle East to advance a much bigger agenda.

Mubarak’s demise was announced by his vice-president, the US puppet, Omar Suleiman, the head of the vicious and murderous Egyptian General Intelligence Directorate that as well as controlling the population through sheer terror also accepted Muslim detainees arrested by the US to be tortured in Egypt in ways that would have been illegal in America – the so called ‘Extraordinary Rendition’....

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Atlas Shrugged Movie Trailer

Posted on Feb 14, 2011 in Movies, TV, & Video Games

Source: YouTube

TruthisTreason.net

Atlas Shrugged, Part 1 – Movie Trailer

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Algeria Shuts Down Internet, FaceBook Amidst Protests and Riots

Posted on Feb 13, 2011 in Global & National News, Social Networking

Source:Telegraph

Internet providers were shut down and Facebook accounts deleted across Algeria on Saturday as thousands of pro-democracy demonstrators were arrested in violent street demonstrations.

Plastic bullets and tear gas were used to try and disperse large crowds in major cities and towns, with 30,000 riot police taking to the streets in Algiers alone.

There were also reports of journalists being targeted by state-sponsored thugs to stop reports of the disturbances being broadcast to the outside world.

But it was the government attack on the internet which was of particular significance to those calling for an end to President Abdelaziz Boutifleka’s repressive regime.

Protesters mobilising through the internet were largely credited with bringing about revolutions in Egypt and Tunisia.

“The government doesn’t want us forming crowds through the internet,” said Rachid Salem, of Co-ordination for Democratic Change in Algeria.

On Saturday at least 500 had been arrested by early evening in Algiers alone, with hundreds more in Annaba, Constantine and Oran taking part in the so-called February 12 Revolution.

“The police station cells are overflowing,” said Sofiane Hamidouche, a demonstrator in Annaba.

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Ron Paul Compares America’s Future to that of the Soviet Union, Blasts Ben Bernanke’s Cartel

Posted on Feb 11, 2011 in Political Issues

TruthisTreason.net – Kevin Hayden

Congressman Ron Paul warns Larry Kudlow on the economy. This is a ‘must watch’ video.  It is Ron Paul at his very best.

Interesting moments towards the last half include Ron Paul calling the Federal Reserve a cartel on national television, ousting Ben Bernanke, and laying down the true facts on economic theory and policy.  He also likens America’s near-future to that of the Soviet Union.

Hayden’s Note:

I would also like to address an email I received from a local reader.  In it, he urged me to post one of the recent newsletters from the Campaign for Liberty and Ron Paul.  While I am a staunch supporter and fan of Ron Paul and his ideals, I can’t bring myself to post the newsletter.  In it, they call for financial support of the Tea Party.  There are a lot of feelings regarding the current ‘Tea Party’ movement and Republicans, and my stance is that it has been co-opted by war mongers and neocons. 

But originally, it was founded FOR Ron Paul by the grassroots during his very first ‘Money Bomb,’ where supporters – myself, included – raised over $6 million dollars in one day for his Presidential campaign. ...

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IMF Calls for US Dollar Replacement – Hayden’s Note Attached

Posted on Feb 11, 2011 in Economic News, Federal Reserve & Bankers

Source: CNN

The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world’s reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system.

SDRs represent potential claims on the currencies of IMF members. They were created by the IMF in 1969 and can be converted into whatever currency a borrower requires at exchange rates based on a weighted basket of international currencies. The IMF typically lends countries funds denominated in SDRs

While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

Hayden’s Note:

See my previous articles outlining the SDR, the UN and the IMF.

UN Report Suggests Scrapping Dollar – Lengthy Editorial by Hayden Included (I kind of got off on a rant in this article, but it’s good)

The Purpose Behind Engineered Economic Collapse

The IMF’s Special Drawing Rights vs. the US Dollar, An Attempt to “Rebalance” the World Economy (Excerpt below)

“When asked about a plan “designed to increase the use of the IMF’s special drawing rights” at a CFR conference, Geithner replied, ”we’re actually quite open to that.”  The International Monetary Fund is essentially a global bank and their “global currency” is called the SDR – or special drawing rights. 

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MIT Billion Price Project Scans for Daily Consumer Prices, Confirms Inflation Thumbnail

MIT Billion Price Project Scans for Daily Consumer Prices, Confirms Inflation

Posted on Feb 11, 2011 in Economic News

Source: Zero Hedge & MIT

Just in case there was still any lingering doubt that prices in the US are surging far above whatever the CPI may indicate, we present the MIT Billion Price Project. Unlike the CPI which is a gross misrepresentation of what is really happening on the ground in price terms, MIT actually compiles real time price data about a universe of products. From the methodology section: “our data are collected every day from online retailers using a software that scans the underlying code in public webpages and stores the relevant price information in a database. The resulting dataset contains daily prices on the full array of products sold by these retailers. Our data include information on product descriptions, package sizes, brands, special characteristics (e.g. “organic”), and whether the item is on sale or price control.” The attached chart confirms what anyone (but not Ben Bernanke) who actually buys goods and services in the US knows all too well.

As for monthly inflation, compared to the CPI, it is also not pretty:

Link to source....

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Mexico’s Big Freeze – 80-100% of Crops Damaged, Expect Shortages and Higher Prices

Posted on Feb 10, 2011 in Featured Articles, Health, Food News, & Big Pharma, Urban Gardening, Farming & Homesteading

TruthisTreason.net – Kevin Hayden

I received an email from a reader regarding Mexico’s freeze damage over the last few weeks.  In summary, large-scale producers of foods, such as Sysco, have sent out emails to major vendors explaining that there might be shortages of row crop foods due to freezing temperatures that hit Mexico.  It goes on to say that Florida is normally the ‘Plan B’ as they grow many of the same varieties, but they’ve been hit hard by freezes in December and suffered slight to moderate damage to their forecasted citrus harvest. [¹]

It also details that expected shortages could be counted on 30-60 days from now and that Mexican farmers are still unsure of their next step with nearly total loss in many crops – do they try and quickly replant, hoping for a late March-April yield?  Or disc the fields and wait?  Other information coming in states that many of these crops have doubled, tripled or even quadrupled in price.  For example, a carton of tomatoes went from $6.95 all the way up to $22.95 in one week. ...

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4 Methods for Off the Grid Food Production and Self-Sufficiency

Posted on Feb 10, 2011 in Emergency Preparedness & Survival, Urban Gardening, Farming & Homesteading

Source: Activist Post

TruthisTreason.net

For many of us, producing all of our own food is just a fantasy. It invokes visions of vast acres of fertile land, long work days and expensive machinery.  However, none of these are necessary to achieve self-sufficient food production.

There are many gardening techniques that can produce an abundance of food for you and your family without requiring a lot of space, money or equipment. What each of these methods will require is your time, but not the dawn-to-dusk work hours associated with farming.

Rather, you will need time to study and practice these methods and other food preparation skills such as learning to mill your own wheat or corn flour to make breads, tortillas, pastas from scratch, or learning to can, pickle, or preserve food in all its forms.

Your diet should also be considered when planning for the best self-sufficient food production method.  Do you need meat and dairy products?  How much grains do you require? Yes, in order fully produce all of your food off-the-grid, you may have to make changes to your current diet if your resources are limited.  ...

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Private Contractor Deaths Surpass US Military Losses in Iraq and Afghanistan

Posted on Feb 10, 2011 in Police, Military, & War

Source: Service Contractor

“…more than 2,000 contractors have died in the wars in Iraq and Afghanistan. “Contractor deaths now represent over 25 percent of all U.S. fatalities” in those conflicts, write Steven Schooner and Collin Swan of the George Washington University Law School.”

In Iraq in both 2009 and 2010, and in Afghanistan in 2010, contractors were running ahead of the U.S. military in losses, the article indicates.

Hayden’s Note:

More than likely, the term ‘contractor’ refers to security contractors engaged in hostile firefights, convoys and trucking from corporations such as Blackwater (now Xe), DynCorp, Triple Canopy, etc.

Read the entire article here – ...

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House Fails to Pass Patriot Act Extensions

Posted on Feb 08, 2011 in Political Issues

Source: National Review & House.gov

TruthisTreason.net

In a vote this evening, the motion to suspend the rules and pass the extension of three PATRIOT ACT provisions failed in the House. The measure was brought up under suspension, meaning it required a two-thirds majority to pass, but it came up just short, 277 to 148.

The vote breakdown:

Yes — 210 Republicans, 67 Democrats

No — 26 Republicans, 122 Democrats

Here’s the voting  roll from www.clerk.house.gov...

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Montana Considers House Bill 278 to Create Volunteer ‘Home Guard’ – Answerable to Governor and Sheriffs

Posted on Feb 08, 2011 in Political Issues

Source: TPM

TruthisTreason.net

A Montana Republican has introduced a bill that would create a volunteer armed militia called a “home guard,” that would answer directly to the governor or local sheriffs during emergencies.

State Rep. Wendy Warburton (R) introduced House Bill 278, which she said was “just about local volunteers being prepared in case of emergency to support the National Guard, support the sheriff, support the governor as needed,” the Associated Press reports.

The governor would be required to “recruit, mobilize, administer, train, discipline, equip, and supply the organized militia,” which the AP estimates would cost the state $45,000 a year.

Hayden’s Note:

I think this is an excellent bill and needed in every state.  An organized Citizen Militia / Sheriff’s Posse / First Responders, etc.  And at a measly price tag of only $45,000 a year, that’s roughly the salary of ONE metropolitan police officer.  Cost vs. Benefit?  Benefit easily wins.

Nick Wing of the Huffington Post points out that the original bill referred to the groups as “militias,” but Warburton since changed the language to call them the more neutral “home guards.”

The bill describes how the forces would be divided into companies, and then platoons and squads....

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SpaceX Rocket Company Books Flight in Google’s $20 Million Lunar X-Prize Contest

Posted on Feb 08, 2011 in - NASA / Space Exploration

Source: Discovery News

TruthisTreason.net

SpaceX, the rocket company headed by serial entrepreneur Elon Musk, sold its first launch to the moon, a mission that gives Pittsburgh-based Astrobotic Technology, a Carnegie Mellon University spin-off, an early lead in a $32 million race to land a privately owned rover on the lunar surface.

The contract, announced Sunday, reserves a SpaceX Falcon 9 rocket to fly Astrobotic Technology’s lander and rover to the moon as early as December 2013.

“For every hundred technology developments there is one that has a ride booked. It’s a real distinguishing factor,” David Gump, president of Pittsburgh-based Astrobotic Technology, told Discovery News.

There’s room aboard the Falcon 9 for another 240 pounds of additional cargo, space Astrobotic Technology is selling for $700,000 per pound, plus a $250,000-per-payoad fee for integration, communications and other support services.

SpaceX’s Falcon 9, which has made two successful flights, is the same rocket NASA is buying to fly cargo — and perhaps eventually astronauts — to the International Space Station after the shuttles are retired in about six months.

Aside from adjusting navigation software, Falcon 9 doesn’t need any modifications to reach lunar orbit, Musk wrote in an email to Discovery News....

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