What the Bible says about light and seed

The True Light "In him, (the Lord Jesus) was life, and that life was the light of men. The light shines in the darkness, but the darkness has not understood it. The true light that gives light to every man was coming into the world,…the world didn’t recognize him." John 1:4,9.

The Good Seed and the Weeds “The kingdom of heaven is like a man who sowed good seeds in his field. But while everyone was sleeping, his enemy came and sowed weeds among the wheat and went away.” Matthew 13:24,25.

Thursday, June 27, 2013

God's ways are not the Supreme Court's ways

Reblogged from: awonderfulsavior.wordpress.com
Bill Wilson - www.dailyjot.com
The LORD says in Isaiah 55:8, "For my thoughts are not your thoughts, neither are your ways my ways." Most assuredly, this holds true for the wisest among the branches of the Federal government as evidenced by the recent decision of the Supreme Court regarding marriage. The Supreme Court was very specific-benefits cannot be denied legally married couples. States address who is legally married. If the states say that marriage includes same sex couples, then benefits afforded married couples cannot be denied to those of the same sex. Interesting logic, especially since the US Constitution really does not address the definition of marriage. The Court ignores any definition of marriage.
The Genesis account of marriage could not be clearer. Eve was created from the rib of Adam and God brought her to Adam and he said in Genesis 2:23, "This is now bone of my bones, and flesh of my flesh; she shall be called Woman because she was taken out of Man." In the next verse, God said, "Therefore shall a man leave his father and his mother, and shall cleave unto his wife: and they shall be one flesh." Jesus reiterated that marriage by definition is between only a man and a woman when he said in Mark 10:8, "And they two shall be one flesh: so then they are no more two, but one flesh." So no matter what the White House, the Congress or the Supreme Court says, God says marriage is between a man and a woman.
In fact, I would argue that there is no such thing as same sex marriage from a Biblical world view. Marriage is not marriage unless it is between a man and a woman. The thought that there is same sex marriage is describing marriage in a way that cannot be considered marriage. The state may want to redefine marriage, but in doing so it is really abolishing the institution of marriage and family thereby redefining legally what is meant only spiritually as manifest in the flesh. The basic element of society is marriage. It is how that society sustains itself, prospers, advances. The absence of marriage will result in the breakdown of society. This is something missed by politicians who are to uphold and protect our nation.
In a 2012 speech, Masha Gessen, Russian born journalist and well known LGBT marriage activist said to great applause: "I agree, it's a no-brainer that we should have the right to marry, but I also think equally that it's a no-brainer that the institution of marriage should not exist...That causes my brain some trouble, and part of it why it causes me trouble is because fighting for gay marriage generally involves lying about what we're going to do with marriage when we get there, you know, because we lie that the institution of marriage is not going to change, and that is a lie. The institution of marriage is going to change and it should change. And again I don't think it should exist." That's the agenda's dirty little secret. It is not God's thought or way, but rather the thinking of satan-and the Supreme Court.

Finding God Again - Biblel Qs and As


Reblogged from gracethrufaith.com/ask-a-bible-teacher

Q.  I totally agree with you that salvation is a gift and there is nothing anyone can do to earn it. But is it possible for someone to accept the gift and years later change their mind and say they do not want it? I accepted Christ in my early 20′s. I’m in my early 60′s. The only reason I can remember for doing so was because I was afraid of going to hell.  Many of the things I do that are in accordance with God’s teaching are either out of habit or because I think I should. At times I believe I’m just going through the motions and  the best I can hope for is a lesser degree of hell.


A.  A number of verses in the New Testament give testimony to the fact that our salvation is a non-returnable gift. Once we are saved they say that our security is guaranteed by God and no one, including ourselves, can reverse that. Here are a few examples.

John 10:28-29 says that both the Father and the Son hold us on the palm of their hands, and that no one can snatch us away. It doesn’t say no one but us, it says no one. Romans 8:38-39 says that nothing in all of creation can separate us from the Love of God that’s in Christ Jesus.  Nothing in all of creation includes us. And in 2 Cor. 1:21-22 Paul said that God has assumed responsibility for us. He put His mark of ownership on us and His Spirit in us to guarantee our future with Him.

Jesus often used the analogy of the shepherd and the sheep in referring to His relationship with us. A basic tenet of that relationship is that sheep are prone to wandering off and when they do it’s their shepherd’s job to bring them back.  As our shepherd, Jesus promised never to lose even one of those the Father gives Him (John 6:39-40).

On that day 40 years ago, if you sincerely asked the Lord into your heart, then He’s still there and will never leave you or forsake you. If you’ve wandered off He’s searching for you and will bring you back.

Make it easier on both of you. Start looking for Him again. You’ll find Him in the pages of your Bible. Don’t worry about doing what Christians are supposed to do. Go back to being what Christians are supposed to be, and that’s the object of the Lord’s affection. Open your arms to Him and He’ll embrace you. It’s a promise He’s made and He’s waiting to keep it.

Ed Snowden, NSA, and fairy tales a child could see through


Reblogged from http://www.nomorefakenews.com/By Jon Rappoport
June 25, 2013
www.nomorefakenews.com

Sometimes cognitive dissonance, which used to be called contradiction, rings a gong so loud it knocks you off your chair.
But if you’re an android in this marvelous world of synthetic reality, you get up, put a smile back on your face, and trudge on…

Let’s see. NSA is the most awesome spying agency ever devised in this world. If you cross the street in Podunk, Anywhere, USA, to buy an ice cream soda, on a Tuesday afternoon in July, they know.

They know if you sit at the counter and drink that soda or take it and move to the only table in the store. They know if you lick the foam from the top of the glass with your tongue or pick the foam with your straw and then lick it.
They know if you keep the receipt for the soda or leave it on the counter.
They know whether you’re wearing shoes or sneakers. They know the brand of your underwear. They know your shaving cream, and precisely which container it came out of. 

But this agency, with all its vast power and its dollars…
Can’t track one of its own, a man who came to work every day, a man who made up a story about needing treatment in Hong Kong for epilepsy and then skipped the country.

Just can’t find him.
Can’t find him in Hong Kong, where he does a sit-down video interview with Glenn Greenwald of The Guardian. Can’t find that “safe house” or that “hotel” where he’s staying.

No. Can’t find him or spy on his communications while he’s in Hong Kong. Can’t figure out he’s booked a flight to Russia. Can’t intercept him at the airport before he leaves for Russia . Too difficult.

And this man, this employee, is walking around with four laptops that contain the keys to all the secret spying knowledge in the known cosmos.
Can’t locate those laptops. Can’t hack into them to see what’s there. Can’t access the laptops or the data. The most brilliant technical minds of this or any other generation can find a computer in Outer Mongolia in the middle of a blizzard, but these walking-around computers in Hong Kong are somehow beyond reach.

And before this man, Snowden, this employee, skipped Hawaii, he was able to access the layout of the entire US intelligence network. Yes. He was able to use a thumb drive.
He walked into work with a thumb drive, plugged in, and stole…everything. He stole enough to “take down the entire US intelligence network in a single afternoon.”

Not only that, but anyone who worked at this super-agency as an analyst, as a systems-analyst supervisor, could have done the same thing. Could have stolen the keys to the kingdom.

This is why NSA geniuses with IQs over 180 have decided, now, in the midst of the Snowden affair, that they need to draft “tighter rules and procedures” for their employees. Right.
Now, a few pieces of internal of security they hadn’t realized they needed before will be put in place.

This is, let me remind you, the most secretive spying agency in the world. The richest spying agency. The smartest spying agency.
But somehow, over the years, they’d overlooked this corner of their own security. They’d left a door open, so that any one of their own analysts could steal everything.

Could take it all. Could just snatch it away and copy it and store it on a few laptops.
But now, yes now, having been made aware of this vulnerability, the agency will make corrections.
Sure.

The Matrix Revealed

 And reporters for elite US media don’t find any of this hard to swallow.
A smart sixth-grader could see through this tower of fabricated baloney in a minute, but veteran grizzled reporters are clueless.

Last night, on Charley Rose, in an episode that left me breathless, a gaggle of pundits/newspeople warned that Ed Snowden, walking around with those four laptops, could be an easy target for Chinese spies or Russian spies who could get access to the data on those computers. The spies could just hack in.
But the NSA can’t. No. The NSA can’t find out what Snowden has. They can only speculate.
It’s charades within charades.

This whole Snowden affair is an op. It’s the kind of op that works because people are prepared to believe anything.
The tightest and strongest and richest and smartest spying agency in the world can’t find its own employee. It’s in the business of tracking, and it can’t find him.
It’s in the business of security, and it can’t protect its own data from its employees.

If you believe that, I have timeshares to sell in the black hole in the center of the Milky Way.

In previous articles (see Spygate on this blog), I’ve made a case for Snowden being a CIA operative who still works for his former employer. He was handed a bunch of NSA data by the CIA. He didn’t steal anything. The CIA wants to punch a hole in the NSA. It’s called an internal turf war. It’s been going on as long as those agencies have existed side by side.

For example….the money.
Wired Magazine, June 2013 issue. James Bamford, author of three books on the NSA, states:
“In April, as part of its 2014 budget request, the Pentagon [which rules the NSA] asked Congress for $4.7 billion for increased ‘cyberspace operations,’ nearly $1 billion more than the 2013 allocation. At the same time, budgets for the CIA and other intelligence agencies were cut by almost the same amount, $4.4 billion. A portion of the money going to…[NSA] will be used to create 13 cyberattack teams.”

That means spying money. Far more for NSA, far less for CIA.
Turf war.

Exit From the Matrix

But in this article, let’s stay focused on the fairy tales, which are the cover stories floated to the press, the public, the politicians.
We have reporters at the Washington Post and at The Guardian. We have Julian Assange, the head of Wikileaks. They’re all talking to Snowden. The NSA can spy on them. Right? Can listen to their calls and read their emails and hack into their notes. Just like people have been hacking into the work and home computers of Sharyl Attkisson, star CBS investigative reporter.
But the NSA can’t do all this spying and then use it to find Snowden. Just can’t manage it.

So…everybody in the world with a computer has passwords. The NSA can cut through them like a sword through hot butter. But Assange and the Post and Guardian and Snowden must have super-special passwords.
They got these passwords by sending a stamped self-addressed envelope, along with 25 cents, and a top from a cereal box, to The Lone Ranger. These passwords are charged with atomic clouds that obscure men’s minds so they cannot see or spy. They’re immortal and invulnerable.

The NSA can spy on anyone else in the world, but they can’t get their foot in the door, when it comes to the Post, The Guardian, and Assange.
And if Snowden winds up in Ecuador, that too will become an insurmountable mystery. 

“Nope, we don’t know where he is. He’s vanished. Ecuador has a Romulan shield surrounding it. The cloaking technology is too advanced.”
Perhaps you recall that, in the early days of this scandal, Snowden claimed he could spy on anyone in the US, including a federal judge or even the president, if he had their email addresses.
Uh-huh. But the combined talents of the NSA, now, can’t spy on Snowden. I guess they just can’t find his email address.

Snowden isn’t the only savvy computer kid in the country. There must be a million people, at minimum, who can cook up email addresses that evade the reach of the NSA. Yes?

What we have here are contradictions piled on contradictions piled on lies.
And in the midst of this, a whole lot of people are saying, “Don’t look too closely. Snowden is a hero and he exposed the NSA and that’s a wonderful thing.”
And a whole lot of other people are saying, “Snowden is a traitor and he should be tried for treason or killed overseas. That’s all you need to know.” 

The truth? Well, the truth, as they say, is the first casualty in war. But in the spying business, the truth was never there to begin with. That’s one of the requirements of the industry.
Son, if you think you’ve lied before, you haven’t got a clue. We’re going to tell you to do things that’ll make your head spin. That’s the game we’re in. We’re going to make you tell lies in your sleep.”

And these are the people the public believes.
It’s a beautiful thing. It really is. The fairy tales are made of sugar and the public, the press, and the people eat them. And then they ask for more. 

Jon Rappoport

How Many Right Ways Can There Be?

Reblogged from - www.omegaletter.com
In 1939 the world was holding its collective breath in anticipation of what was shaping up to be another world war. "World war" means something different North Americans than it does to the rest of the world.
For North Americans, "world war" meant, at worst, conscription, rationing and blackouts. For everybody else, it meant air raids, occupation forces, destroyed cities, refugee camps, reprisals and death on wholesale levels, up close and personal.
But even from the perspective of North America, the prospect of another world war must have seemed like end-of-the-world stuff. The US was still suffering from a decade-long Depression - without the benefit of social programs, welfare, food stamps, Medicare, Medicaid etc.
The veterans of the last war were in their late thirties to early fifties. Having witnessed the horrors of the European battlefields last time around when weaponry was relatively primitive, the horrors to come must have looked very much like what we might anticipate the Tribulation to look like.
By 1939 the Nazi persecution of the Jews was well-known; the infamous Kristallnacht (Night of the Broken Glass) had occurred the year before. Those Jews that managed to escape to the West shared what they witnessed first-hand.
In Germany, schoolchildren said grace before meals to their Fuhrer and asked his blessing on them before bedtime.
"Fuehrer, my fuehrer, bequeathed to me by the Lord protect and preserve me as long as I live..." -Excerpt from a prayer children said to Hitler in his public schools
The Fuhrer governed over a system symbolized by the swastika - a broken cross -- that gave special economic status to Party members who swore an oath of allegiance to the Fuhrer.
Under that system, persons could be excluded from normal social and financial intercourse for not following Party rules, refusing to join the Party, speaking out against the Fuhrer, or simply for being Jews.
In 1939, the whole world was teetering on the brink - the League of Nations, designed to prevent a repeat of the Great War, ended up helping to shape the alliances of the one looming on the horizon.
Hitler's vision was of a revival of "New Order" for a "Thousand Year Reich" modeled after the old Roman Empire. He partnered with Benito Mussolini, dictator of Rome.
A concordat is an agreement between the Pope and a sovereign state on matters relating to the Roman Catholic Church - in essence, a limited partnership between the Church and state. It was signed in 1933 by Nazi Vice Chancellor Fritz Von Papen and Cardinal Eugenio Pacelli on behalf of Pope Pius XI.
In 1939, Eugenio Pacelli was elevated to become Pope Pius XII. So by 1939 the Vatican, political Rome and Nazi Germany were all bound by one form of treaty alliance or another. The Soviets had just inked the Molotov-von Ribbentrop Pact in August, 1939.
So here is the Big Picture in summary as it appeared at the time:
In 1939, it certainly looked as if Hitler's hegemony would encompass the whole world. His empire was modeled after that of Rome and at its height, encompassed all its territory.
Hitler was partnered with Rome -- and with the Vatican based on a treaty with the sitting Pope and had just concluded a non-aggression pact with Gog-Magog and had embarked on a systematic extermination of the Jews.
Some Jews had begun returning to their homeland in Palestine since 1917 in fulfillment of Ezekiel's vision of the valley of dry bones.
From the perspective of Bible prophecy as it would have appeared in 1939, Hitler was a good fit for the antichrist and Mussolini/Pius XII -- a sort of hybrid political/religious beast. Jews and Bible Christians were being rounded up and put into camps.
There was again a Jewish presence in Israel, albeit under foreign occupation (as it was in AD 70) a Gog Magog connection, a European dictator with a god complex, heavily into the occult and clearly demonically empowered, the specific involvement of Rome . . .
In 1939, one could easily have made the case that either the Tribulation was about to start -- or we are already in the Tribulation now.
How is it any different today?
Assessment:
I could fill a week's worth of column space just listing all the historical similarities between the present state of world affairs and conditions as they existing in 1939.
Does that mean that we could be as far off the mark as somebody in 1939 would be in seeing Hitler as the antichrist and WWII as the Tribulation? That is what a lot of scoffers like to argue.
"Where is the promise of His coming? For since the fathers fell asleep, all things continue as they have from the beginning of Creation."
In other words, "We've heard all this before . .   what about Hitler and Mussolini? What is different this time?"
It's a fair question. I've made a pretty convincing case for Hitler by making Bible prophecy fit current events (as they were then) -- but notice that I didn't need to twist either one in the process.
That's what makes understanding the framework of Bible prophecy so important. Outside the framework of Dispensationalist systematic theology, close counts.
When close counts, it becomes possible to reinterpret Bible prophecy until it fits current events.
But working within the Dispensationalist framework, there at least seven reasons why Hitler could not have been the antichrist and World War II could NOT have been the Tribulation.
1.         Global Annihilation Wasn't Yet Possible: In Matthew 24:22, Jesus says that "unless that time (the Tribulation) be cut short, there should be no flesh saved."   Even though we had split the atom by late 1945, the technology necessary to annihilate all flesh was still twenty years away.
2.         There was no Israel: The Bible confidently predicts the existence of a recognized state of Israel, known as "Israel" which is reclaimed from the desert by Jews drawn from the four corners of the earth. In 1939, some Jews lived under British rule in the Palestinian Mandate.
3.         The Bible predicts the revival of Rome by peaceful means: Daniel says of the antichrist that he will "by peace shall destroy many" Hitler's unification of Europe by force did not qualify.
4.         World-wide instant communication was not possible. The Bible says that when Jesus returns, every eye shall see Him. When the two witnesses lay dead in the streets of Jerusalem, their images will be broadcast world-wide. When they are restored to life three and a half days later, the whole world will witness that event, as well.
5.         The Gospel was not yet preached into all the world. In 1939 there remained many places so isolated that they had never heard of civilization, let alone Jesus. The Gospel still has not been preached in all the world - there remain dozens of indigenous tribes world-wide that have yet to make contact with the outside world.
6.         There was no Covenant: The Prophet Daniel predicts the antichrist will confirm a seven year peace 'covenant' between Israel and 'the many.' In order to confirm an agreement, first there must be an agreement to confirm. In 1939 there was no covenant and as noted, there was no Israel.  
In September, 1993, Israel signed the Oslo Agreement with the Palestinians. It outlined a land-for-peace process that was supposed to culminate with an agreement on the final status of Jerusalem by September, 2000, exactly seven years later. Instead, Yasser Arafat abrogated the deal and in September, 2000 he called for a new intifada, quickly dubbed by Israel as "The Oslo War."
7.         There was no expectation of Christ's Coming: The Bible says that when the events prophesied for the last generation begin to come to pass, that generation will recognize that their redemption draws near. There was no sense of messianic expectation in 1939. In 2011, the discussion transcends all barriers; Christians are looking for the Rapture, Muslims are looking for the Mahdi, the Messianic movement in Israel has never been stronger. Even movies and popular music reflect the expectation that the end is near.
There is a reason why I study Bible prophecy within the framework of Dispensationalism and it is the reason that I teach it as the only logical way to rightly divide the Word of Truth.
Dispensationalism demands literal interpretation unless the text clearly indicates otherwise. It demands that Bible prophecy follow the Bible's systematic outline, dividing history according to Dispensation, rather than according to current events. Paul wrote to his disciple, Timothy;
"Study to shew thyself approved unto God, a workman that needeth not to be ashamed, rightly dividing the Word of truth." (2 Timothy 2:15)
Obviously, if Paul admonished Timothy to rightly divide the Word of Truth, it also reveals two axiomatic truths. First it is possible to divide it wrongly. And secondly, it confirms the Word is "divided" to begin with.
If it is divided, and if it is possible to get the divisions wrong, then it would seem that there IS a right way. And if there is a right way, then there can only be ONE right way.
Do you really think there can be several right ways? For anything?
One doesn't need to adopt Dispensationalism to be saved. One needn't be a Dispensationalist to be a Christian or to study the Word of God.
But if one wants to have a grasp of unfolding Bible prophecy and where Bible prophecy shapes current events, rather than the other way around, then there must be a discernible, logical flow.
The Bible divides it by dispensation. Without that division, Bible prophecy becomes little more than a confusing jumble of heads, horns and beasts.
And when it comes to figuring out what it all might mean, your guess is as good as mine.
Note: We received an email the other day directing us to "new insights" in Bible Prophecy. Being skeptical we forwarded it onto the prophecy experts we have within Omega Letter. They confirmed what Jack would say, "Things that are different are not the same". And as our Lord says in Ecclesiastes 1:9;
"The thing that hath been, it is that which shall be; and that which is done is that which shall be done: and there is no new thing under the sun."

How to identify CIA limited hangout op?


Reblogged from http://www.presstv.ir/detail/2013/06/18/309609/how-to-identify-cia-limited-hangout-op/
 
American technical contractor and former CIA employee Edward Snowden (file photo)
American technical contractor and former CIA employee Edward Snowden (file photo)
Tue Jun 18, 2013 8:45AM GMT
23
By Dr. Webster G. Tarpley
Related Interviews:
The operations of secret intelligence agencies aiming at the manipulation of public opinion generally involve a combination of cynical deception with the pathetic gullibility of the targeted populations.

There is ample reason to believe that the case of Edward Joseph Snowden fits into this pattern. We are likely dealing here with a limited hangout operation, in which carefully selected and falsified documents and other materials are deliberately revealed by an insider who pretends to be a fugitive rebelling against the excesses of some oppressive or dangerous government agency.

But the revelations turn out to have been prepared with a view to shaping the public consciousness in a way which is advantageous to the intelligence agency involved. At the same time, gullible young people can be duped into supporting a personality cult of the leaker, more commonly referred to as a “whistleblower.” A further variation on the theme can be the attempt of the sponsoring intelligence agency to introduce their chosen conduit, now posing as a defector, into the intelligence apparatus of a targeted foreign government. In this case, the leaker or whistleblower attains the status of a triple agent.

Any attempt to educate public opinion about the dynamics of limited hangout operations inevitably collides with the residue left in the minds of millions by recent successful examples of this technique. It will be hard for many to understand Snowden, precisely because they will insist on seeing him as the latest courageous example in a line of development which includes Daniel Ellsberg and Julian Assange, both still viewed by large swaths of naĂŻve opinion as authentic challengers of oppressive government.

This is because the landmark limited hangout operation at the beginning of the current post-Cold War era was that of Daniel Ellsberg and the Pentagon papers, which laid the groundwork for the CIA’s Watergate attack on the Nixon administration, and more broadly, on the office of the presidency itself. More recently, we have had the case of Assange and Wikileaks. Using these two cases primarily, we can develop a simple typology of the limited hangout operation which can be of significant value to those striving to avoid the role of useful idiots amidst the current cascade of whistleblowers and limited hangout artists.

In this analysis, we should also recall that limited hangouts have been around for a very long time. In 1620 Fra Paolo Sarpi, the dominant figure of the Venetian intelligence establishment of his time, advised the Venetian senate that the best way to defeat anti-Venetian propaganda was indirectly. He recommended the method of saying something good about a person or institution while pretending to say something bad. An example might be criticizing a bloody dictator for beating his dog - the real dimensions of his crimes are thus totally underplayed.

Limited hangout artists are instant media darlings

The most obvious characteristic of the limited hangout operative is that he or she immediately becomes the darling of the controlled corporate media. In the case of Daniel Ellsberg, his doctored set of Pentagon papers were published by the New York Times, the Washington Post, the Boston Globe, and eventually by a consortium totaling seventeen corporate newspapers. These press organs successfully argued the case for publication all the way to the United States Supreme Court, where they prevailed against the Nixon administration.

Needless to say, surviving critics of the Warren Commission, and more recent veterans of the 9/11 truth movement, and know very well that this is emphatically not the treatment reserved for messengers whose revelations are genuinely unwelcome to the Wall Street centered US ruling class. These latter are more likely to be slandered, vilified and dragged through the mud, or, even more likely, passed over in complete silence and blacked out. In extreme cases, they can be kidnapped, renditioned or liquidated.

Cass Sunstein present at the creation of Wikileaks

As for Assange and Wikileaks, the autumn 2010 document dump was farmed out in advance to five of the most prestigious press organs in the world, including the New York Times, the London Guardian, El Pais of Madrid, Der Spiegel of Hamburg, and Le Monde of Paris. This was the Assange media cartel, made up of papers previously specialized in discrediting 9/11 critics and doubters. 
 
But even before the document dumps had begun, Wikileaks had received a preemptive endorsement from none other than the notorious totalitarian Cass Sunstein, later an official of the Obama White House, and today married to Samantha Power, the author of the military coup that overthrew Mubarak and currently Obama’s pick for US ambassador to the United Nations.
 
Sunstein is infamous for his thesis that government agencies should conduct covert operations using pseudo-independent agents of influence for the “cognitive infiltration of extremist groups” - meaning of those who reject in the establishment view of history and reality. Sunstein’s article entitled “Brave New WikiWorld” was published in the Washington Post of February 24, 2007, and touted the capabilities of Wikileaks for the destabilization of China. Perhaps the point of Ed Snowden’s presence in Hong Kong is to begin re-targeting these capabilities back towards the original anti-Chinese plan.
Snowden has already become a media celebrity of the first magnitude. His career was launched by the US left liberal Glenn Greenwald, now writing for the London Guardian, which expresses the viewpoints of the left wing of the British intelligence community. Thus, the current scandal is very much Made in England, and may benefit from inputs from the British GCHQ of Cheltenham, the Siamese twin of the NSA at Fort Meade, Maryland. During the days of his media debut, it was not uncommon to see a controlled press organ like CNN dedicating one third of every broadcast hour of air time to the birth, life, and miracles of Ed Snowden.

Another suspicious and tell-tale endorsement for Snowden comes from the former State Department public diplomacy asset Norman Solomon. Interviewed on RT, Solomon warmly embraced the Snowden Project and assured his viewers that the NSA material dished up by the Hong Kong defector used reliable and authentic. Solomon was notorious ten years ago as a determined enemy of 9/11 truth, acting as a border guard in favor of the Bush administration/neocon theory of terrorism.

Limited hangouts contain little that is new

Another important feature of the limited hangout operation if that the revelations often contain nothing new, but rather repackage old wine in new bottles. In the case of Ellsberg’s Pentagon Papers, very little was revealed which was not already well known to a reader of Le Monde or the dispatches of Agence France Presse. Only those whose understanding of world affairs had been filtered through the Associated Press, CBS News, the New York Times, and the Washington Post found any of Ellsberg’s material a surprise.

Of course, there was method in Ellsberg’s madness. The Pentagon papers allegedly derived from an internal review of the decision-making processes leading to the Vietnam War, conducted after 1967-68 under the supervision of Morton Halperin and Leslie Gelb. 
 
Ellsberg, then a young RAND Corporation analyst and militant warmonger, was associated with this work. Upon examination, we find that the Pentagon papers tend to cover up such CIA crimes as the mass murder mandated under Operation Phoenix, and the massive CIA drug running associated with the proprietary airline Air America. Rather, when atrocities are in question, the US Army generally receives the blame. Politicians in general, and President John F. Kennedy in particular, are portrayed in a sinister light - one might say demonized. No insights whatever into the Kennedy assassination are offered. This was a smelly concoction, and it was not altogether excluded that the radicalized elements of the Vietnam era might have carried the day in denouncing the entire package as a rather obvious fabrication. 
 
But a clique around Noam Chomsky and Howard Zinn loudly intervened to praise the quality of the exposé and to lionize Ellsberg personally as a new culture hero for the Silent Generation. From that moment on, the careers of Chomsky and Zinn soared. Pentagon papers skeptics, like the satirical comedian Mort Sahl, a supporter of the Jim Garrison investigation in New Orleans and a critic of the Warren Commission, faced the marginalization of their careers.
Notice also that the careers of Morton Halperin and Leslie Gelb positively thrived after they entrusted the Pentagon papers to Ellsberg, who revealed them. Ellsberg was put on trial in 1973, but all charges were dismissed after several months because of prosecutorial misconduct. Assange lived like a lord for many months in the palatial country house of an admirer in the East of England, and is now holed up in the Ecuadorian Embassy in London. He spent about 10 days in jail in December 2010.

Assange first won credibility for Wikileaks with some chum in the form of a shocking film showing a massacre perpetrated by US forces in Iraq with the aid of drones. The massacre itself and the number of victims were already well known, so Assange was adding only the graphic emotional impact of witnessing the atrocity firsthand.

Limited hangouts reveal nothing about big issues like JFK, 9/11

Over the past century, there are certain large-scale covert operations which cast a long historical shadow, determining to some extent the framework in which subsequent events occur. These include the Sarajevo assassinations of 1914, the assassination of Rasputin in late 1916, Mussolini’s 1922 march on Rome, Hitler’s seizure of power in 1933, the assassination of French Foreign Minister Barthou in 1934, the assassination of President Franklin D. Roosevelt in 1945, in 1963 Kennedy assassination, and 9/11. A common feature of the limited hangout operations is that they offer almost no insights into these landmark events.

In the Pentagon Papers, the Kennedy assassination is virtually a nonexistent event about which we learn nothing. As already noted, the principal supporters of Ellsberg were figures like Chomsky, whose hostility to JFK and profound disinterest in critiques of the Warren Commission were well-known. As for Assange, he rejects any further clarification of 9/11. In July 2010, Assange told Matthew Bell of the Belfast Telegraph: “I’m constantly annoyed that people are distracted by false conspiracies such as 9/11, when all around we provide evidence of real conspiracies, for war or mass financial fraud.” This is on top of Cass Sunstein’s demand for active covert measures to suppress and disrupt inquiries into operations like 9/11. Snowden’s key backers Glenn Greenwald and Norman Solomon have both compiled impressive records of evasion on 9/11 truth, with Greenwald specializing in the blowback theory.

The Damascus road conversions of limited hangout figures

Daniel Ellsberg started his career as a nuclear strategist of the Dr. Strangelove type working for the RAND Corporation. He worked in the Pentagon as an aide to US Secretary of Defense Robert McNamara. He then went to Vietnam, where he served as a State Department civilian assistant to CIA General Edward Lansdale. In 1967, he was back at RAND to begin the preparation of what would come to be known as the Pentagon papers. Ellsberg has claimed that his Damascus Road conversion from warmonger to peace angel occurred when he heard a speech from a prison-bound draft resister at Haverford College in August 1969. After a mental breakdown, Ellsberg began taking his classified documents to the office of Senator Edward Kennedy and ultimately to the New York Times. Persons who believe this fantastic story may be suffering from terminal gullibility.

In the case of Assange, it is harder to identify such a moment of conversion. Assange spent his childhood in the coils of MK Ultra, a complex of Anglo-American covert operations designed to investigate and implement mind control through the use of psychopharmaca and other means. Assange was a denizen of the Ann Hamilton-Byrne cult, in which little children that were subjected to aversive therapy involving LSD and other heavy-duty drugs. Assange spent his formative years as a wandering nomad with his mother incognito because of her involvement in a custody dispute. The deracinated Assange lived in 50 different towns and attended 37 different schools. By the age of 16, the young nihilist was active as a computer hacker using the screen name “Mendax,” meaning quite simply “The Liar.” (Assange’s clone Snowden uses the more marketable codename of “Verax,” the truth teller.) Some of Assange’s first targets were Nortel and US Air Force offices in the Pentagon. Assange’s chief mentor became John Young of Cryptome, who in 2007 denounced Wikileaks as a CIA front.

Snowden’s story, as widely reported, goes like this: he dropped out of high school and also dropped out of a community college, but reportedly was nevertheless later able to command a salary of between $120,000 and $200,000 per year; he claims this is because he is a computer wizard. He enlisted in the US Army in May 2004, and allegedly hoped to join the special forces and contribute to the fight for freedom in Iraq. He then worked as a low-level security guard for the National Security Agency, and then went on to computer security at the CIA, including a posting under diplomatic cover in Switzerland.
 
He moved on to work as a private contractor for the NSA at a US military base in Japan. His last official job was for the NSA at the Kunia Regional SIGINT Operations Center in Hawaii. In May 2013, he is alleged to have been granted medical leave from the NSA in Hawaii to get treatment for epilepsy. He fled to Hong Kong, and made his revelations with the help of Greenwald and a documentary filmmaker Laura Poitras. Snowden voted for the nominally anti-war, ultra-austerity “libertarian” presidential candidate Ron Paul, and gave several hundred dollars to Paul’s campaign.
Snowden, like Ellsberg, thus started off as a warmonger but later became more concerned with the excesses of the Leviathan state. Like Assange, he was psychologically predisposed to the world of computers and cybernetics. The Damascus Road shift from militarist to civil libertarian remains unexplained and highly suspicious.

Snowden is also remarkable for the precision of his timing. His first revelations, open secrets though they were, came on June 5, precisely today when the rebel fortress of Qusayr was liberated by the Syrian army and Hezbollah. At this point, the British and French governments were screaming at Obama that it was high time to attack Syria. The appearance of Snowden’s somewhat faded material in the London Guardian was the trigger for a firestorm of criticism against the Obama regime by the feckless US left liberals, who were thus unwittingly greasing the skids for a US slide into a general war in the Middle East. 
 
More recently, Snowden came forward with allegations that the US and the British had eavesdropped on participants in the meeting of the G-20 nations held in Britain four years ago. This obviously put Obama on the defensive just as Cameron and Hollande were twisting his arm to start the Syrian adventure. By attacking the British GCHQ at Cheltenham, Britain’s equivalent to the NSA, perhaps Snowden was also seeking to obfuscate the obvious British sponsorship of his revelations.
Stories about Anglo Americans spying on high profile guests are as old as the hills, and have included a British frogman who attempted an underwater investigation of the Soviet cruiser that brought party leader N. S. Khrushchev for a visit in the 1950s. Snowden has also accused the NSA of hacking targets in China -- again, surely no surprise to experienced observers, but guaranteed to increase Sino-American tensions. As time passes, Snowden may emerge as more and more of a provocateur between Washington and Beijing.

Limited hangouts prepare large covert operations

Although, as we have seen, limited hangouts rarely illuminate the landmark covert operations which attempt to define an age, limited hangouts themselves do represent the preparation for future covert operations.

In the case of the Pentagon papers, this and other leaks during the Indo-Pakistani Tilt crisis were cited by Henry Kissinger in his demand that President Richard Nixon take countermeasures to restore the integrity of state secrets. Nixon foolishly authorized the creation of a White House anti-leak operation known as the Plumbers. The intelligence community made sure that the Plumbers operation was staffed by their own provocateurs, people who never were loyal to Nixon but rather took their orders from Langley. Here we find the already infamous CIA agent Howard Hunt, the CIA communications expert James McCord, and the FBI operative G. Gordon Liddy.
 
These provocateurs took special pains to get arrested during an otherwise pointless break-in at the headquarters of the Democratic National Committee in the summer of 1972. Nixon could easily have disavowed the Plumbers and thrown this gaggle of agent provocateurs to the wolves, but he instead launched a cover up. Bob Woodward of the Washington Post, equipped with a top secret security clearance from the Office of Naval Intelligence, then began publicizing the story. The rest is history, and the lasting heritage has been a permanent weakening of the office of the presidency and the strengthening of the worst oligarchical tendencies.
Assange’s Wikileaks document dump triggered numerous destabilizations and coups d’Ă©tat across the globe. Not one US, British, or Israeli covert operation or politician was seriously damaged by this material. The list of those impacted instead bears a striking resemblance to the CIA enemies’ list: the largest group of targets were Arab leaders slated for immediate ouster in the wave of “Arab Spring.” Here we find Ben Ali of Tunisia, Qaddafi of Libya, Mubarak of Egypt, Saleh of Yemen, and Assad of Syria.
 
The US wanted to replace Maliki with Allawi as prime minister of Iraq, so the former was targeted, as was the increasingly independent Karzai of Afghanistan. Perennial targets of the CIA included Rodriguez Kirchner of Argentina, Berlusconi of Italy, and Putin of Russia. Berlusconi soon fell victim to a coup organized through the European Central Bank, while his friend Putin was able to stave off a feeble attempt at color revolution in early 2012. Mildly satiric jabs at figures like Merkel of Germany and Sarkozy of France were included primarily as camouflage.
Assange thus had a hand in preparing one of the largest destabilization campaigns mounted by Anglo-American intelligence since 1968, or perhaps even 1848.

If the Snowden operation can help coerce the vacillating and reluctant Obama to attack Syria, our new autistic hero may claim credit for starting a general war in the Middle East, and perhaps even more. If Snowden can further poison relations between United States and China, the world historical significance of his provocations will be doubly assured. But none of this can occur unless he finds vast legions of eager dupes ready to fall for his act. We hope he won’t.

WT/HN
Dr. Webster Griffin Tarpley was born in Pittsfield, Massachusetts, 1946. A philosopher of history, Tarpley seeks to provide the strategies needed to overcome the current world crisis. He first became widely known for his book George Bush: The Unauthorized Biography (1992), a masterpiece of research which is still a must read. During 2008, he warned of the dangers of an Obama presidency controlled by Wall Street with Obama: The Postmodern Coup, The Making of a Manchurian Candidate and Barack H. Obama: The Unauthorized Biography. His interest in economics is reflected in Surviving the Cataclysm: Your Guide Through the Worst Financial Crisis in Human History Against Oligarchy. His books have appeared in Japanese, German, Italian, French, and Spanish. Tarpley holds a Ph.D. in early modern history from the Catholic University of America. More articles by Dr. Webster Griffin Tarpley

Invisible

New York City Tops Nation In Income Inequality
Reblogged from: http://armouredup.wordpress.com/2013/06/26/invisible/

Never have I felt more invisible than after I delivered my second child and spent an afternoon at the mall with my gorgeous girlfriend.  (Talk about self sabotage.) Here I am around 4 weeks post delivery with a nursing tent hanging around my neck to conceal the wet marks on my chest looking like bulls eyes, chasing my busy 22 month old, while keeping my newborn shushed….a red hot smoking mess I was.  Here’s the invisible part, because I’m sure everyone and their relatives witnessed my “hotness” as I was chasing my boy, trying not to make the evening news!!!

We walked into a store and my friend watched my kiddies as I shopped.  I was struck and rather hurt at the non responsiveness of the store clerk.  It’s always been super easy for me to strike up a conversation with anyone and if we talk long enough, there are sure to be some chuckles…not this time.  This chick looked right through me and was about business…until my gorge girlfriend appeared with her purchases.  She was completely engaged and helpful.  I noticed and I realized for the first time that my outside was the obstacle to her acquainting herself with my inside.  I thought of that incident this morning as I was exiting the grocery store in a rush since I had gone for milk and ended up shopping for the week.

I saw him before I heard him.  He looked tired and dry.  He had his hand out and no one noticed him.  He was invisible.  As I passed by he asked if I had some change and I told him I might.  He took a seat in the shade and didn’t even look to see whether I was returning.  He, no doubt familiar with rejection, had no expectation that I would return.  I did and I asked him what he would do with the money I had in my hand.  He never looked at my hand, but he did look into my eyes and told me his intentions.  I asked him if I could pray for him and he said yes and bowed his head.  I laid my hands on him and sensed him relax after a few seconds.  As I prayed and spoke the word over him, he rocked back and forth as if I was singing him a lullaby.  That touched me so!  He looked up when I said amen with such appreciation and as I pressed the money into his hands he said “thank you, please continue to pray for me.”  ”I will,” I said.

I was once corrected by someone I looked up to as a person who was well versed in the word.  He told me I should never sow my seed in ground where there would be no return…and that included giving to those outside of the faith.  That always checked me and so the one time a down and out friend asked for money, I sat next to her and ministered the word to her before I blessed her financially. 

Then I realized, Jesus never expected folks to clean up first  in order to receive forgiveness, healing, etc. so why should I?  They will know we are His disciples, not by our prayers, our gifts, our good works, but by our love.  Love does…it moves…it acts!  I have no idea what Mykel will do with the money I gave him and that is not for me to judge.  I simply asked him so that he could hear himself respond and I pray that, for his own good, he was telling the truth.

Today, it came back to me why I was allowed to experience that sadness on that day.  I was made to experience in a snapshot what many feel for a lifetime.  Would you stop…would you at least stop long enough to extend a hand, say a prayer, acknowledge someone’s existence?  I’m praying today for the invisible; that they experience a healing touch and that they come to the knowledge that He sees…He hears…He moves…and most times it’s through people!

KILLER BEETLES: TINY BARK BEETLES BLAMED FOR COLORADO WILDFIRE, THEY BURROW UNDER PINE BARK AND EAT THE TREES FROM INSIDE

KILLER BEETLES: TINY BARK BEETLES BLAMED FOR COLORADO WILDFIRE, THEY BURROW UNDER PINE BARK AND EAT THE TREES FROM INSIDE

Russian Paper: “Weak Eyed Obama” Is Leader Of Sodom & Gomorrah

Russia evacuates Tartus, also military, diplomatic personnel from Syria. High war alert in Israel

Shortly after the DEBKA aired a special video on the Syrian war’s widening circle, Moscow announced Wednesday June 26, that the evacuation which had begun Friday of all military and diplomatic personnel from Syria was now complete, including the Russian naval base at Tartus.

“Russia decided to withdraw its personnel because of the risks from the conflict in Syria, as well as the fear of an incident involving the Russian military that could have larger consequences,” said a defense ministry official in Moscow. He stressed that a 16-ship naval task force in the eastern Mediterranean remains on post and arms shipments, including anti-air weapons, would continue to the Syrian government in keeping with former contracts.

In another sign of an impending escalation in Syria, the Israeli Golan brigade staged Wednesday an unannounced war maneuver on the Golan, attended by Prime Minister Binyamin Netanyahu and top army chiefs. In London, Prime Minister David Cameron called the government’s National Security Council into session in Downing Street on Syria. Opposition leader Ed Milliband was invited to attend the meeting, a custom observed only when issues of the highest security importance are discussed.

Earlier Wednesday, debkafile carried the following report in its special video presentation under the heading: Putin and Obama cross swords on Syrian. What Next?
The sullen confrontation between Presidents Vladimir Putin and Barack Obama at the G8 Summit in Northern Ireland last week condemned Syria to five months of escalating, unresolved vicious warfare – that is until the two leaders meet again in September.
For now, tempers are heating up between Washington and Moscow on Syria and other things too, notably the elusive American fugitive Edward Snowden.

US and Israeli intelligence watchers see the Syrian crisis entering seven ominous phases:
1. A five-month bloodbath centering on the battle for Aleppo, a city of 2.2 million inhabitants.

The Syrian army plus allies and the fully-mobilized opposition will hurl all their manpower and weapons into winning the city.
Military experts don’t expect the rebels to hold out against Assad’s forces beyond late August.

2.  Neither side has enough manpower or game-changing weaponry for winning the war outright.
That is, unless Presidents Obama or Putin steps in to retilt the balance.

3. The US and Russia are poised for more military intervention in the conflict up until a point just short of a military clash on Syrian soil – or elsewhere in the Middle East. US intelligence analysts have judged Putin ready to go all the way on Syria against the US - no holds barred.

The Russian president is meanwhile deliberately goading Washington and raising temperatures by playing hide-and-seek over the former NSA contractor Edward Snowden, charged with espionage for stealing and leaking classified intelligence. At home, he is considered variously as a traitor and a brave whistleblower.


For several hours Snowden vanished between Hong Kong and Moscow – until the Russian president admitted he was holed up in the transit area of Moscow airport and would not be extradited by Russia to the United States.

4.  Iran, Hizballah and Iraq will likewise ratchet up their battlefield presence.

5. A violent encounter is building up between Middle East Shiites flocking to Syria to save the Assad regime alongside Russia, and the US-backed Sunni-dominated rebel forces.

It could scuttle the secret US-Iranian negotiating track on its nuclear program, which was buoyed up by the election of the pragmatic Hassan Rouhani as President of Iran.


6.  The Geneva-2 Conference for a political solution for the Syrian crisis is dead in the water. Moscow and the US are divided by unbridgeable issues of principle, such whether Bashar Assad should stay or go and Iranian representation. 

7.  So long as the diplomatic remains stuck in the mud, the prospects of a regional war spreading out of the Syrian conflict are rising. Iran, Israel, Jordan and Lebanon may be dragged in at any moment – if they have not already, like Lebanon.

A small mistake by one of the Syrian warring parties in Syria could, for example, touch off Israeli retaliation and a wholesale spillover of violence.

Tuesday, June 25, 2013

The 441 TRILLION Dollar Interest Rate Derivatives Time Bomb

Reblogged from http://theeconomiccollapseblog.com/archives/the-441-trillion-dollar-interest-rate-derivative-timb-bomb
By Michael, on June 24th, 2013 

Do you want to know the primary reason why rapidly rising interest rates could take down the entire global financial system?  Most people might think that it would be because the U.S. government would have to pay much more interest on the national debt.  And yes, if the average rate of interest on U.S. government debt rose to just 6 percent (and it has actually been much higher in the past), the federal government would be paying out about a trillion dollars a year just in interest on the national debt.  But that isn't it.  Nor does the primary reason have to do with the fact that rapidly rising interest rates would impose massive losses on bond investors. 

At this point, it is being projected that if U.S. bond yields rise by an average of 3 percentage points, it will cause investors to lose a trillion dollars.  Yes, that is a 1 with 12 zeroes after it ($1,000,000,000,000).  But that is not the number one danger posed by rapidly rising interest rates either.  Rather, the number one reason why rapidly rising interest rates could cause the entire global financial system to crash is because there are more than 441 TRILLION dollars worth of interest rate derivatives sitting out there.  This number comes directly from the Bank for International Settlements - the central bank of central banks.  In other words, more than $441,000,000,000,000 has been bet on the movement of interest rates.  Normally these bets do not cause a major problem because rates tend to move very slowly and the system stays balanced.  But now rates are starting to skyrocket, and the sophisticated financial models used by derivatives traders do not account for this kind of movement.

So what does all of this mean?
It means that the global financial system is potentially heading for massive amounts of trouble if interest rates continue to soar.
Today, the yield on 10 year U.S. Treasury bonds rocketed up to 2.66% before settling back to 2.55%.  The chart posted below shows how dramatically the yield on 10 year U.S. Treasuries has moved in recent days...

10 Year Treasury Yield

Right now, the yield on 10 year U.S. Treasuries is about 30 percent above its 50 day moving average.  That is the most that it has been above its 50 day moving average in 50 years.
Like I mentioned above, we are moving into uncharted territory and this data doesn't really fit into the models used by derivatives traders.
The yield on 5 year U.S. Treasuries has been moving even more dramatically...

5 Year Treasury Yield

Last week, the yield on 5 year U.S. Treasuries rose by an astounding 37 percent.  That was the largest increase in 50 years.
Once again, this is uncharted territory.
If rates continue to shoot up, there are going to be some financial institutions out there that are going to start losing absolutely massive amounts of money on interest rate derivative contracts.

So exactly what is an interest rate derivative?
The following is how Investopedia defines interest rate derivatives...
A financial instrument based on an underlying financial security whose value is affected by changes in interest rates. Interest-rate derivatives are hedges used by institutional investors such as banks to combat the changes in market interest rates. Individual investors are more likely to use interest-rate derivatives as a speculative tool - they hope to profit from their guesses about which direction market interest rates will move.
They can be very complicated, but I prefer to think of them in very simple terms.  Just imagine walking into a casino and placing a bet that the yield on 10 year U.S. Treasuries will hit 2.75% in July.  If it does reach that level, you win.  If it doesn't, you lose.  That is a very simplistic example, but I think that it is a helpful one.  At the heart of it, the 441 TRILLION dollar derivatives market is just a bunch of people making bets about which way interest rates will go.

And normally the betting stays very balanced and our financial system is not threatened.  The people that run this betting use models that are far more sophisticated than anything that Las Vegas uses.  But all models are based on human assumptions, and wild swings in interest rates could break their models and potentially start causing financial losses on a scale that our financial system has never seen before.

We are potentially talking about a financial collapse far worse than anything that we saw back in 2008.
Remember, the U.S. national debt is just now approaching 17 trillion dollars.  So when you are talking about 441 trillion dollars you are talking about an amount of money that is almost unimaginable.
Meanwhile, China appears to be on the verge of another financial crisis as well.  The following is from a recent article by Graham Summers...
China is on the verge of a “Lehman” moment as its shadow banking system implodes. China had pumped roughly $1.6 trillion in new credit (that’s 21% of GDP) into its economy in the last two quarters… and China GDP growth is in fact slowing.
This is what a credit bubble bursting looks like: the pumping becomes more and more frantic with less and less returns.
And Chinese stocks just experienced their largest decline since 2009.  The second largest economy on earth is starting to have significant financial problems at the same time that our markets are starting to crumble.
Not good.

And don't forget about Europe.  European stocks have had a very, very rough month so far...
The narrow EuroStoxx 50 index is now at its lowest in over seven months (-5.4% year-to-date and -12.5% from its highs in May) and the broader EuroStoxx 600 is also flailing lower. The European bank stocks pushed down to their lowest in almost 10 months and are now in bear market territory - down 22.5% from their highs. Spain and Italy are now testing their lowest level in 9 months.
So are the central banks of the world going to swoop in and rescue the financial markets from the brink of disaster?
At this point it does not appear likely.

As I have written about previously, the Bank for International Settlements is the central bank for central banks, and it has a tremendous amount of influence over central bank policy all over the planet.

The other day, the general manager of the Bank for International Settlements, Jaime Caruana, gave a speech entitled "Making the most of borrowed time".  In that speech, he made it clear that the era of extraordinary central bank intervention was coming to an end.  The following is one short excerpt from that speech...
"Ours is a call for acting responsibly now to strengthen growth and avoid even costlier adjustment down the road. And it is a call for recognizing that returning to stability and prosperity is a shared responsibility. Monetary policy has done its part. Recovery now calls for a different policy mix – with more emphasis on strengthening economic flexibility and dynamism and stabilizing public finances."
Monetary policy has done its part?
That sounds pretty firm.

And if you read the entire speech, you will see that Caruana makes it clear that he believes that it is time for the financial markets to stand on their own.
But will they be able to?

As I wrote about yesterday, the U.S. financial system is a massive Ponzi scheme that is on the verge of imploding.  Unprecedented intervention by the Federal Reserve has helped to prop it up for the last couple of years, and there is a lot of fear in the financial world about what is going to happen once that unprecedented intervention is gone.

So what happens next?
Well, nobody knows for sure, but one thing seems certain.  The last half of 2013 is shaping up to be very, very interesting.