The Banking System, System Collapse: The Big Fat Greek Bank Run Episode 3

""It appears times up for the Greek Trojan Horse that has been parked outside of the European Central Bank for years, slowly but steadily bleeding the euro-zone dry of now in excess of Euro 360 billion (E240 billion bailout + E120 billion banking system support), as the euro-zone bureaucrats and politicians are finally starting to understand what many have understood for the past 5 years that Greece just cannot function within the Euro-zone, it should never have been allowed to join with bogus economic statistics and subsequently should not have been bailed out again and again and again.

BBC Newsnight briefly reports that at a meeting of european finance ministers on Thursday a senior official of the ECB was asked will the Greek banks be able to open tomorrow (Friday), he said yes, but I don't know about Monday.

Greece Bank Run Going Exponential

The Greek banking system has been bleeding deposits all year, having seen at least Euro 40 billion withdrawn this year, leaving behind approx Euro 120 billion. However, as the end game approaches (Varoufakis is apparently an expert on Game Theory) the rate of withdrawal has accelerated to over Euro 1 billion per day, up from approx Euro 200 million a day of a week ago, and could keep doubling every other day, which is despite ECB support on a DAILY basis without which Greece's banking system would have collapsed 5 years ago! Which means Greek banks are paying withdrawing depositors with funds from the ECB that to date totals approx Euro 120 billion because the Greek banks have been bankrupt for some time!

Even Greece's central bank panicked by opening warning the Syriza government that Greece was heading for a catastrophic crash out of the euro-zone.

So the worry for depositors is that one day, perhaps Monday, the ECB fails to provide enough liquidity to prevent a banking system collapse when the Greek banks make the call for more money and as Northern Rock illustrates, for already worried savers it only takes a media report of queues outside of banks to trigger an out of control panic reaction that no matter what the politicians state or promise has no effect on panicking savers, fearing that they will only get back a fraction of the value of their original euro deposits after Greece prints its own devalued currency.

My yesterdays article covered the dynamics of the Greek debt crisis that have their roots in the fact that Greece wants a permanent subsidy from other euro-zone member states to subsidise the Greek life style as illustrated by the fact that Greeks can retire as early as from age 26 with most retiring before age 55. Something that many other eurozone member states such as Germany cannot stomach, especially after having sunk Euro 360 billion already into the Greek black hole (read -GREXIT - Greece Wants to Become Scotland, Seeks Permanent Subsidy from Euro Tax Payers.)

It does look like that Greece is galloping towards a GREXIT, in which case that will put pressure onto the other PIIGS member states as the question will be asked who will be next, as I wrote yesterday :

The Big Problem is PorExit, SpaExit and ItaExit.

Greece in economic terms is a flea on the back of the Euro-zone elephant that could easily survive a GREXIT. But the real problem is who would be next, for soon the pressure would mount on the other PIIGS, with Portugal, Spain and Italy vying for who would be next to EXIT the euro-zone, something which the Euro-zone would not survive. Therefore that remains Greece's 'Ace in the hole', which is why they are still in the eurozone, so probably suggests that some sort of fudge will be arrived at that would only DELAY GREXIT for the fundamental reason Greece is BANKRUPT!

A GrExit would also make a BrExit more probable, whilst Putin would be dancing in the Kremlin.""

Greece to Enter ECB Torture Chamber:

http://www.marketoracle.co.uk/Article51133.html 

Prolonged Media and White House Blitzgrieg Attacks Against Gun Owner Rights

The current anti-gun president and his allies are moving forward with an apparent multi-pronged attack on gun owners as they seek to ban online ammo purchases, ban gun-related online internet communications, and to mandate firearms insurance.

Here’s more information about what your government is doing in this regard:

Online Ammo Purchase Ban

Barack Obama’s anti-gun allies in Congress are moving right now to effectively OUTLAW your freedom to purchase ammunition online.

The “Stop Online Ammunition Sales Act of 2015″ was recently introduced and it already has cosponsors.

This crippling new law would:

FORCE you to submit a photo ID in-person every time you purchase any ammunition;

REPORT you to Obama’s anti-gun U.S. Attorney General if you purchase more than 1,000 rounds within a five day period;

REGISTER ammunition buyers like you in a database maintained by Obama’s bureaucrats at the Department of Justice.

According to the bill’s chief sponsor, this new law would give the Obama administration the power to “monitor” law-abiding gun owners and “flag them for law enforcement.”

Ban Gun-related Communication on the Internet

A State Department proposal may make information-sharing on guns illegal as part of the proposed regulations of the Arms 

Export Control Act.

What these regulations would do is to define “export” to include potentially any gun-related communication on the Internet or social media. The regulation would apply to all private communications, so long as the “network” (e.g., the Internet) is, in general, publicly available.

With this in place, the Obama Administration would have the regulatory framework to comprehensively regulate gun-related speech in cyberspace, to whatever extent it desires. In the hands of an anti-gun administration such as Barack Obama’s, the regulations have the potential of granting the State Department an expanded ability to regulate and license gun-related speech on the electronic media.

Mandatory Firearms Insurance

Barack Obama’s gun-hating allies in Congress have just unveiled a new bill (H.R. 2546) that would force YOU to buy government-mandated liability insurance before you would be allowed to purchase a firearm.

And if you can’t afford this expensive new insurance mandate?

***You would be FINED up to $10,000***

http://www.patriotnetdaily.com/obama-multi-pronged-attack-against-gun-owners/

Hidden Killer of U.S. Veterans Found in Abusive Psychiatry Practices

""According to a shocking statistic from the Department of Veterans Affairs from 2013, 22 U.S. military veterans were committing suicide every day. And while the figure may have tempered somewhat since then, it still remains high.

There have been a number of "mainstream" reasons given for the high suicide rate among military members. Deployment to one or both of the recent "war on terror" combat zones in Iraq and Afghanistan has been blamed, though that was debunked somewhat in findingsearlier this year. According to that study, there were some "patterns" that were identified:

— Members who left the military early had a 63 percent higher suicide rate than those who had not yet left the service;

— Those with the fewest years of military service were more at risk;

— Those who served a short stint – less than four years – were at higher risk than those who left after serving four or more years, whether they had been deployed or not.

While the study did not examine potential reasons for these identified trends, the authors did speculate that difficulty finding employment, losing their identity with the military and the need to find new social support may have all played a role.

Conspiracy revealed

But a recently released documentary featuring Natural News editor Mike Adams, the Health Ranger, offered another view, based on evidence examined: psychiatry and, more specifically, its conspiracy against the U.S. military.

The documentary, The Hidden Enemy: Inside Psychiatry's Covert Agenda, produced by the Citizens Commission on Human Rights, details psychiatry's rise in the military, from World Wars I and II to its prominence today, laying bare a sinister conspiracy to use men and women in uniform as nothing more than guinea pigs.

When the "war to end all wars" broke out, psychiatry was first introduced into the military. In Germany, soldiers who were unwilling to return to the hellish trench warfare at the front were subjected to what was called the "Kaufmann Cure." However, in reality, it was anything but a cure. Rather, it was a procedure that involved shooting painful electrical currents through the soldier's body while a practitioner intoned hypnotic suggestions. Victims of this "treatment" rightly deemed it a form of torture, but the Kaufmann Cure was widely seen as successful by psychiatrists because it did indeed induce terrified soldiers to return to the front lines, and in a rush.

Mainstreaming psychiatry and psychotropic drugs

When World War II began, psychiatrists had made inroads into the militaries of many nations. And it was through the military that psychiatrists finally achieved newfound status as "medical doctors." But influence over the psychology of the military was just a small fraction of what psychiatrists had planned.

On June 18, 1940, Brig. Gen. J. R. Rees, a psychiatrist, stood before the Annual Meeting of the National Council for Mental Hygiene to outline psychiatry's ambitions for the future:

We must aim to make it [psychiatry] permeate every educational activity in our national life... Public life, politics and industry should all of them be within our sphere of influence.

And by any measure, that effort has been successful.

As noted in the film, the dramatic rise in military suicides today can be directly linked to a similar dramatic rise in military personnel being prescribed mind-altering psychotropic drugs for "mental health conditions" that have never been scientifically validated.

But why? What makes today's fighters so much less capable than those of earlier periods?

More than just the soldier is at risk

Is it "combat stress"? That's the reason being given by the military psychiatric community. But the very visible effects of combat stress have been chronicled by warriors, writers and other observers going back to ancient times; the lethality and brutality of combat has been much worse in the past than today.

In the documentary, a number of former military members recall how they were routinely prescribed a witch's brew of antidepressants and other mood-altering drugs for their "conditions," many of which were prescribed without proper testing or evaluation. Physicians and psychiatrists who were interviewed lamented the heavy use of psychotropic and other mood-altering drugs as well in the military.

The documentary also makes note of a number of high-profile murders by current and former military members who were also taking psychotropics at the time of their crimes.""

http://www.naturalnews.com/050109_US_veterans_psychiatry_psych_drugs.html

Bilderberg Game Plan of Artificial Intelligence: A Tool to Massively Amplify Control of the World

""What do we know about Bilderberg’s techno-control master plan since the wrap up of its June 11-14 conference?

As usual, not much from the inside; but we know quite a bit by tracing the work of its attendees and insider members, as well as the progression of the conference itself over the past decades, as invitees have increasingly tended towards the high-tech.

Robotics and technology are huge steps ahead.

Artificial intelligence is one giant leap further.

Meanwhile, Bilderberg’s steering committee has invited more and more entrepreneurs from Silicon Valley as well as tech heads leading changes on the Internet, in cybersecurity and the vast changes happening in technology.

As such, Google’s chairman Eric Schmidt has become a visible center of the 21st Century Bilderberg meetings, giving further gravity to chic geeks brushing shoulders with the power brokers of the post-WWII era, who have long dominated banking, industry, military and political interests.

Palantir’s Alex Karp – a notable technology attendee from recent years – has now been added to the steering committee this year in 2015, joining the insider tech-axis with friend and sometimes partner Peter Thiel, the so-called “PalPal Mafia” Don and Facebook’s key early funding angel.

The new power bloc is still based around banking and other traditional spheres, of course, but they are now partners with computing. Microsoft’s Craig Mundie has been a key attendee for some time now, while Bill Gates has occasionally dropped by. Former NSA director Keith Alexander appeared consecutively for many years since 2008, paralleling the importance of mass surveillance and the advent of “cyber warfare.”

Coincidentally (or not), former NSA contractor Edward Snowden’s pivotal leaks on surveillance – first disclosed on June 5, 2013 – overlapped the June 6-9 Bilderberg conference,  where attendees discussed “How big data is changing almost everything” as well as “Cyber warfare and the proliferation of asymmetric threats,” while 2014 brought the inauspicious topic “Does privacy exist” to Bilderberg’s forum – a sour after thought to a year of unsettling Snowden leaks.

All of that has subtly reaffirmed the lowly and disregarded status of the masses, and reinforced the fact that personal freedom is valued at less-than-zero and everyone and everything is being watched.

2015… has added the Artificial Intelligence icing on that cake.

Now… after all that and more… Bilderberg officially brings artificial intelligence to the table. (Of course, these elites have backed the rise of technology and computing since the beginning when major firms like IBM, Microsoft, Intel and Apple were started decades ago, but I digress).

In 2015, Bilderberg dropped the suggestive names and went right for the topics bullet-point list, bringing “artificial intelligence” and “cybersecurity” to the top of that list.

And two of its attendees stand out in bold for their role in bringing this forward:

Regina Dugan, Vice President for Engineering, Advanced Technology and Projects, Google

Demis Hassabis, Vice President of Engineering, Google DeepMind

This should register as Bilderberg’s most disturbing connection to covert politics yet.

Not that it should surprise everyone that they went there, but the rise of robots is actually upon us.

Amazon (whose founder and CEO Jeff Bezos attended Bilderberg in 2011 and 2013) is rapidly replacing its labor force with warehouse robots, and looking to use drones for delivery in the near future… while it has long relied upon complex algorithms to stunt competition and beat everyone including Wal-mart to the punch.

The world’s manufacturers in China have already made incredible strides in raising a robotic workforce that is only growing stronger every day… and the jobs become more and more endangered with each passing phase.

Silicon Valley is even unleashing an R2D2-like robocop that would do automated crime patrols…

Google Launches the ‘Manhattan Project of AI’

Google – intimately represented at Bilderberg by the gregarious Eric Schmidt – is putting the finishing touches on the self-driving car and getting clearance to put these autonomous vehicles on the road. Once that is past the honeymoon phase, it is sure to slash deeply into the trucker workforce, long a mainstay of the middle class, and erode personal rights to driving as well.

Meanwhile, Google has also conducted the biggest purchase of all time in artificial intelligence. Under the leadership of Schmidt, the notorious futurist Ray Kurzweil –longing for the age of singularity, spiritual machines and the chance for a few to maybe live forever – was hired in December 2012 to head Google’s attempt to “work on new projects involving machine learning and language processing” for Google – in other words, artificial intelligence, a life long passion for Kurzweil.

Since that time, Google bought up nearly every important A.I. firm in its reach — giving it probably more leverage over the pivotal transition to machine intelligence than the U.S. military or government.

At the top of that list is Boston Dynamics, the robotics firm closely linked with DARPA, the Defense Department, and MIT, who have created killer robots that can run at top speeds, climb walls, take down prey and carry payloads. (Regina Dugan, also attending Bilderberg this year, was a top executive at DARPA before joining Google.)

Regina Dugan – described as a “badass” – was the 19th director of the Pentagon’s DARPA (which stands for Defense Advanced Research Projects Agency) and has its roots in the ARPA-creation of the Internet. Dugan left DARPA in 2012 to go even further at Google with their Advanced Technology and Projects (ATAP).

As she told the world at a D11 conference, her work involves bringing biometrics and edible encrypted passwords to consumer markets, in part by making the technology “trendy” and desirable through wearables and even temporary authentication tattoos (because, as she explains, what kid wouldn’t want to piss off their parents with a tattoo?).

Dugan has done a great deal to the bring the world to our present trajectory and possible, unfortunate destination.

Then there is DeepMind – perhaps Google’s least known but most promising purchase – which uses developments in the understanding of neuroscience to power algorithms for machine learning… the key hurdle to true artificial intelligence… and the great, perhaps awful beyond.

Carnegie Mellon professor Larry Wasserman wrote that the “startup is trying to build a system that thinks. This was the original dream of AI. As Shane [Legg] explained to me, there has been huge progress in both neuroscience and ML and their goal is to bring these things together. I thought it sounded crazy until he told me the list of famous billionaires who have invested in the company.” (source)

Whatever DeepMind co-founder discussed behind closed doors at Bilderberg, it is not of just passing importance. Rather, it is the tip of the iceberg of the most massive transformation 0f human society yet.

DeepMind’s systems use neural networks and “deep learning” methods that deploy low-level transistor networks to produce high-level effects so that they can, for instance, distinguish a cat’s face from a human one – a trivial task for a human, but hard for a machine. That has been developed into “artificial general intelligence” (AGI) that can learn to solve tasks without prior programming, and have already been used to replace 60 hand-crafted systems across Google. The AGI system’s deployment into speech recognition, now used in Android phones and Google Translate, had led to the biggest overall improvement in speech recognition in 20 years, Suleyman said, with a 30% reduction in transcription error rates. Yet training the program for the task took less than five days.

[…]

Mustafa Suleyman, who with Demis Hassabis and Shane Legg set up the London-based machine learning company that was bought by Google in January 2014 for £400m, mounted a spirited defence of the company’s successes. He told a conference on machine learning that “artificial intelligence, AI, has arrived. This isn’t just some brief summer for this technology, and it’s not about to go away again. These are production breakthroughs.” (source)

The London Guardian quoted a DeepMind investor who said that Google has embarked upon a “Manhattan project of AI” – massive, secretive and with grand implications enough to hold humanity itself in the balance:

Google has bought almost every machine-learning and robotics company it can find, or at least, rates. It made headlines two months ago, when it bought Boston Dynamics, the firm that produces spectacular, terrifyingly life-like military robots, for an “undisclosed” but undoubtedly massive sum. It spent $3.2bn (£1.9bn) on smart thermostat maker Nest Labs. And this month, it bought the secretive and cutting-edge British artificial intelligence startup DeepMind for £242m.

And those are just the big deals. It also bought Bot & Dolly, Meka Robotics, Holomni, Redwood Robotics and Schaft, and another AI startup, DNNresearch. It hired Geoff Hinton, a British computer scientist who’s probably the world’s leading expert on neural networks. And it has embarked upon what one DeepMind investor told the technology publication Re/code two weeks ago was “a Manhattan project of AI”. If artificial intelligence was really possible, and if anybody could do it, he said, “this will be the team”. The future, in ways we can’t even begin to imagine, will be Google’s.

“Artificial Intelligence is a tool to massively amplify our ability to control the world.”

That’s a statement, couched with positive outloook, from Mustafa Suleyman a co-founder of DeepMind, the AI firm now acquired by Google and represented this year at Bilderberg by co-founder Demis Hassabis, the Vice President of Engineering at DeepMind.

Suleyman says fears that artificial intelligence will wipe out human beings are completely overblown, however, emphasizing instead that DeepMind is set on improving humanity’s lot, and that it insisted upon an ethics board to keep it in check as part of Google’s buyout package.

Suleyman insisted that AI is, and will remain, a tool that humans can control and direct, rather than a threat. (source)

Yeah, like we didn’t hear that one from Cyberdyne ahead of the apocalyptic rise of Skynet in the Terminator films!

Paradoxically, Suleyman also stated:

“But everything we have built is a product of intelligent human activity. AGI is a tool to massively amplify our ability to control the world.”

For whatever reason, Suleyman doesn’t see the negative side of all this… but everyone else easily can.

Speaking to a conference on machine intelligence in London on Friday, Suleyman said that he was dismayed by the negative attitudes being shown towards AI. “It’s sad how quickly we’ve adopted to the reality and don’t acknowledge the magic and the good that these systems can bring. The narrative has gone straight from ‘isn’t it terrible that AI has been such a flop’ to ‘isn’t it terrible that AI has been such a success’.”

Why did Bilderberg bring DeepMind to the table? The reasons are many fold, but easily summed up in that statement: “artificial intelligence is a tool to massively amplify our ability to control the world.""

Article Conclusions:

http://truthstreammedia.com/2015/06/17/bilderberg-wields-artificial-intelligence-a-tool-to-massively-amplify-our-ability-to-control-the-world/

American's Confidence in Anything Normal Starting to Waver as Negative Outlook on Banks, Government, Religion, Police, and Media at an All Time Low

""An explosive new Gallup poll shows Americans have lost confidence in almost every major institution – from the U.S. presidency, Congress and the Supreme Court to banks and organized religion.

“Americans’ confidence in most major U.S. institutions remains below the historical average for each one,” a Gallup spokesman said.

Only the military (72 percent) and small business (67 percent) have Americans’ increasing confidence, both of which are now rated 4 percentage points higher than their historical norms, according to the poll.

Congress – which plunged 16 points from its average of 24 points – is the lowest ranking institution at just 8 percent.

Just as numerous presidential candidates attempt to convince America that they have the answers to the nation’s problems, the poll shows only one-third, or 33 percent, of Americans have confidence in the presidency, a nosedive from the historical average of 43 percent.

Likewise, just 32 percent said they have confidence in the Supreme Court, which is down from an average of 44 just before the court announces its decisions on landmark issues such as same-sex marriage and Obamacare subsidies to states without insurance-exchange websites.

image: http://www.wnd.com/files/2015/06/gallup_2015.jpg

“Americans’ confidence in most major institutions has been down for many years as the nation has dealt with prolonged wars in Iraq and Afghanistan, a major recession and sluggish economic improvement, and partisan gridlock in Washington,” a Gallup spokesman said. “In fact, 2004 was the last year most institutions were at or above their historical average levels of confidence. Perhaps not coincidentally, 2004 was also the last year Americans’ satisfaction with the way things are going in the United States averaged better than 40 percent. Currently, 28 percent of Americans are satisfied with the state of the nation.”

In 2004, President George W. Bush was re-elected and the U.S. transferred sovereignty and control of Iraq back to the Iraqi people.

At the beginning of 2004, the U.S. economy was booming. Four middle-class tax cuts were extended, including a $1,000-per-couple child tax credit, expansion of the lowest (10 percent) tax bracket, exceptions for the alternative minimum tax, and relief from the “marriage penalty” for two-income families. Another $140 billion in tax relief was granted to U.S. business. Unemployment dropped from 5.7 percent to 5.4 percent.

Regarding the latest poll numbers, the Gallup spokesman added, “From a broad perspective, Americans’ confidence in all institutions over the last two years has been the lowest since Gallup began systematic updates of a larger set of institutions in 1993.”

In the last two years, Americans have seen President Obama begin his second term of office. Amid an explosion of legalized same-sex marriage in numerous U.S. states, the Supreme Court declared the Defense of Marriage Act unconstitutional.

Americans witnessed the debt-ceiling crisis in October 2013, which resulted in the shutdown of the federal government and furlough of federal workers.

By 2014, the Obama administration had announced its plan to shrink the military budget to $522 billion and slash the Army to a size unseen since before World War II. The nation also saw Americans impacted by a West African Ebola outbreak and revelations that the Veterans Administration had covered up exceedingly long wait times for veterans seeking medical attention.

The year 2014 also saw the rise of terrorist group ISIS and racial riots in Ferguson, Missouri, and St. Louis after the fatal police shooting of Michael Brown in August. By 2015, riots had broken out in Baltimore, Maryland, over the shooting of Freddie Gray.

image: http://www.wnd.com/files/2015/06/Gallup_2015b.jpg

According to the Gallup poll, 28 percent of Americans now have confidence in banks, compared to the historical average of 40 percent.

Twenty-one percent said they have confidence in big business, down from 24 percent.

Twenty-four percent have confidence in organized labor, down from 26 percent.

Twenty-four percent have confidence in newspapers, down from 32 percent.

Twenty-one percent have confidence in TV news, down from 30 percent.

Fifty-two percent have confidence in police, down from 57 percent.

Forty-two percent have confidence in organized religion, down from 55.""

Broader Dissatisfaction:

http://www.wnd.com/2015/06/poll-americans-lose-confidence-in-everything/