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Good morning, worker drones: This Week In Mayhem

Project Mayhem's picture




 

Good morning, worker drones: This Week in Mayhem

by Project Mayhem

 

 


 

 

LAST WEEK IN MAYHEM

Economic:

1) Rep. Ron Paul's Bill to Audit the Federal Reserve 'Gutted' in Committee

A WorldNetDaily story reports that the bill sponsored by Rep. Ron Paul (R-TX) that would call for an audit of the Federal Reserve has been "gutted" in a congressional committee.

http://www.wnd.com/index.php?fa=PAGE.view&pageId=114624

A Less Than Opaque Look At Mel Watt's Motivations To Kill The "Audit The Fed" Bill

There has been lots of speculation on why Representative Mel Watt has done his best to make sure that the Audit the Fed bill will be gutted, and why the Congressman is willing to promote the same irresponsible and unaccountable bubble-inflating behavior that got us to the current Fed-sponsored, bubble-reflation attempt, which is practically guaranteed to end much worse than just a few Goldman competitor banks imploding here and there. Yet there is little question as to Mr. Watt's motivations, and where his true allegiances lie.

http://www.zerohedge.com/article/less-opaque-look-mel-watts-motivations-kill-audit-fed-bill

Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says

Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House

http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno

2) CIT filing this weekend, we've now seen the 5th largest filing in US bankruptcy history.

Some had suggest the CIT filing would trigger shock waves through the economy predicted by the web bots.  That does not seem to be the case -- yet.  What is more likely is any sort of economic  crash will be blamed on the failflu, rather than on an entity such as CIT.  CNBS article on CIT bankruptcy linked below.

http://money.cnn.com/2009/11/01/news/companies/cit_group/?postversion=2009110118

Geopolitical:

1) New failflu strain emerges in Ukraine;  Baxter Pharmaceutical smiles knowingly

 

Lilia G. Yaroslav Kendzior and John Stoiko during the session of parliament. Kyiv, November 3

There are conflicting news reports of a possible new influenza virus spreading across my home country of Ukraine.  This little block of paradise is located between Poland and Russia. The authorities have begun to activate emergency measures, banning unnecessary public gatherings and closing schools across the country for three weeks. Apparently antiviral medications as well as masks are sold out across the country.  The WHO has dispatched a team to run rtPCR on the victims.  NATO is also apparently getting involved, but that is to be expected -- since the alliance would like to make Ukraine into another client state like Georgia and Turkey.  Anyway, this event could be very significant. The H1N1 case fatality rate in Ukraine appears to have jumped one order of magnitude (10x) relative to other countries.  I might point out that TWIM has been on top of the failflu story for months now, contradicting the lies and pronouncements of our corrupt governments and their various covert weapons programs  (through contractors such as Baxter, Dyncorp, Battelle etc).

 

In any case, we have several possibilities  for what's going on in Ukraine:

A) Media hype for political purposes:  There is no epidemic, just the perception of one.
B) The is a novel H1N1 influenza virus varient:  We are quite possibly fucked.
C) This is the now-standard A/H1N1/California strain:  Nothing in particular suprising, it's just WINTER and COLD in the paradise of Ukraine.

Let's watch this one closely.  My money is on (B) or (C). 

Coordinating Center for Euro-Atlantic Disaster Response NATO International Secretariat (YEAKTSRK) in response to the request of Foreign Minister Peter Poroshenko Special Situation circular distributed among members and partners of NATO, which contains detailed information on the situation in Ukraine in connection with the spread of flu epidemic and urgent needs in this regard.

As UNIAN reported in the press service of the Ministry of Foreign Affairs of Ukraine, on November 2, in response to this circular of the International Secretariat of NATO, the Allies began to provide humanitarian assistance to Ukraine.  Poland and Slovakia have already submitted the first humanitarian aid, including 200 thousand of medical masks and respirators, the drug "Tamiflu", special glasses, etc..

http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.unian.net%2F&sl=uk&tl=en&history_state0=

Region in a panic. On the streets of rare passers, almost all wearing masks (for lack of medical masks, respirators, some people nadivayut folded gauze) in pharmacies queue in hospitals do not have enough beds for patients. Empty Cafe, thin transport. Deserted city streets brings thoughts of a declaration of war.

 These disturbing feelings exacerbate periodic reports to the regional media, that "the lions on the plane rozpylyuvatymut antiviral substances, as is already done in Ternopil. They say that the "deadly disease caused tyfom which gives complications of lung and what was already in Galicia after the Second World War.

http://translate.google.com/translate?js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.unian.net%2F&sl=uk&tl=en&history_state0=

http://mignews.com.ua/en/articles/376875.html
http://mignews.com.ua/en/articles/377005.html

 

Ukraine Mystery Outbreak Sparks WHO Concern as Disease Spreads

Nov. 2 (Bloomberg) -- The World Health Organization sent a team of experts to Ukraine today to investigate an outbreak of respiratory disease that’s sickened a quarter of a million people and left pharmacies without masks or flu remedies.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aho.pJfVAysE&pos=9

 

 

2) EU strikes back; Czech constitutional court clears the way for the rise of the Imperial monster

 

EU President-elect Tony Blair poses for the cameras.

 

Poor Vaclav Klaus could not stop the oncoming steamroller of the European Union's unelected antidemocratic institutions.  This includes public policy -- soon to be handed down from international bureaucrats, carrying the force and color of law across the entire Eurozone.  Unfortunately the Czech constitutional court has approved this travesty, and thus the internationalists win again (surprise surprise). Even after the original rejection of the Lisbon treaty by Irish public, the international bankster-gangsters simply would not give up.  Their persistance is finally bearing its bitter fruit.  Can we get the First International Bank of Mayhem?  Anyway, All that remains now is for Vaclav to sign the Treaty of Lisbon in the fading twilight , after which darkness will descend upon Europe for 1000 years. . .

 

The Czech constitutional court rejects an appeal against the Lisbon Treaty, paving the way for its final approval.
http://news.bbc.co.uk/2/hi/europe/8339464.stm




 

THIS WEEK IN MAYHEM

Economic:

from George Ure

"After losing about 260-points last week, the Dow is in dangerous territory in here with some fearing the worst (more declines) this week.   But maybe not.  The BIG NUMBERS which come out in a flurry on Friday include Average workweek, Hourly earnings, Nonfarm payrolls, Unemployment rate, Wholesale inventories and the mother of all: the Fed Consumer Debt report."

 


source: cmegroup

 

Geopolitical:

We are watching Ukraine, regarding the possible new strain of failflu.  I recommend following George Ure for further details and updates. 

http://urbansurvival.com/week.htm

Have a great week.

 

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Tue, 11/03/2009 - 23:44 | 119257 Marley
Marley's picture

Mayhem,

A thought on your salutation.  I agree we are persons who conduct menial, distasteful, dull, or hard work for the benefit of others.  However, Drone also could be confused with "a person who lives on the labor of others; parasitic loafer."  In keeping with the Matrix, perhaps we should be refered to as Copper Tops.  What do you think?

Tue, 11/03/2009 - 19:09 | 119068 Anonymous
Anonymous's picture

Got chaos?

I'm listening to that clif dude tonight

Tue, 11/03/2009 - 15:15 | 118614 AN0NYM0US
AN0NYM0US's picture

"Imagine this. At a time of political turmoil, a charismatic, telegenic new leader arrives virtually out of nowhere. He offers a message of hope and reconciliation based on compromise and promises to marshal technology for a better future that will include universal health care. The news media swoons in admiration -- one simpering anchorman even shouts at a reporter who asks a tough question: "Why don't you show some respect?!" The public is likewise smitten, except for a few nut cases who circulate batty rumors on the Internet about the leader's origins and intentions. The leader, undismayed, offers assurances that are soothing, if also just a tiny bit condescending: "Embracing change is never easy." So, does that sound like anyone you know? Oh, wait -- did I mention the leader is secretly a totalitarian space lizard who's come here to eat us?"

 

http://www.chicagotribune.com/entertainment/chi-tc-tvcolumn-v-1102-1103n...

Tue, 11/03/2009 - 19:28 | 119078 Rusty Shorts
Rusty Shorts's picture

Yes, just imagine the power he (our prez) would gain if he declared a jubilee year on home mortages, this is what frightens me...now that the fed owns most of em via free money printed out of thin air.

Tue, 11/03/2009 - 14:44 | 118533 Anonymous
Anonymous's picture

The FOMC meeting Wednesday, the big question is whether China and Russia believe the end to QE or pretend to believe it. This might be useful for manipulating the Gold price. Until fundamentals destroy this travesty, nobody knows when, the manipulation might continue longer than expected and making prediction based on common sense nearly impossible.

Tue, 11/03/2009 - 14:08 | 118454 tip e. canoe
tip e. canoe's picture

thanks for reminding me to read the daily Ure PM.

turns out webbot wizard cliff high is giving a talk on 2012 tonite.

http://www.halfpasthuman.com/RadioSpecial.html

"No children, not for those with mental instability. No Bullshit. Very disturbing information."

lovely way to spend a tuesday eve, yes?

Tue, 11/03/2009 - 13:26 | 118388 Anonymous
Anonymous's picture

Well, as long as the prostitute population isn't too affected by the new(?) flu, at least Ukraine's biggest export won't be affected.

Tue, 11/03/2009 - 12:28 | 118303 Anonymous
Anonymous's picture

Why would Mr. Buffet purchase at such premium this rail line after watching an intense rally for six months? It would appear the rally is topping anyway.

Could have bought much cheaper at higher premium earlier, could probably purchase later for cheaper. Why now?

I could see if trucking companies were about to fold, or if national infrastructure, for whatever reason, became lengthily congested. I might understand if the settling unit of accounting ($) were to suddenly or overnight lose a magnitude of purchasing power.

Why dump so much money, so suddenly, at such dear terms?

Transports WILL always be needed. Would energy policy or civil unrest make them the most efficient mechanism for moving goods? Outbreak of any war of scale would play to the rails also.

Dumping so much liquidity at a premium just when (it would seem) preserving liquidity is so very important.

Looks to me like an exit move from dollars, with inside knowledge that rail transport may soon enjoy what nears monopoly in distribution.

A big move made in the open against what seems the most prudent course.

Very interesting, indeed.

Tue, 11/03/2009 - 15:24 | 118648 Anonymous
Anonymous's picture

Maybe it's 'cos Warren just got a hot tip that all of the internment camps will be filled via rail cars just like good ol' Nazi Germany. The more things change, the more they stay the same.
Either that or he's just fucking senile.
I'm kinda hoping for the latter.

Wed, 11/04/2009 - 18:32 | 120270 Anonymous
Anonymous's picture

Buffet buys monopolies.
Montana farmers are about
to get screwed. When he
bought GEICO, my insurance
bill went up 30 % in one
year. I cancelled of course.
The farmers can't.

Thu, 11/05/2009 - 00:08 | 120585 tip e. canoe
tip e. canoe's picture

not if montana farmers start growing food for the pacific northwest.

Tue, 11/03/2009 - 14:42 | 118527 Bolweevil
Bolweevil's picture

war was my first thought too, already established he's on the take with Whitehouse who else could you trust to keep the party hopping?

wwe love you CC 

Tue, 11/03/2009 - 12:23 | 118294 nicholsong
nicholsong's picture

Al Gore Set To Become First “Carbon Billionaire”
http://www.prisonplanet.com/al-gore-set-to-become-first-carbon-billionai...

Tue, 11/03/2009 - 15:05 | 118588 Hephasteus
Hephasteus's picture

More like the first to be a carbohydrate dollar menu eater. He's inventing the McShit sandwich.

Tue, 11/03/2009 - 12:07 | 118273 ratava
ratava's picture

One more thing about the Czech. Our EU Commissioner nominee is the Director of Goldman Sachs for Central Europe.

Tue, 11/03/2009 - 12:05 | 118269 Problem Is
Problem Is's picture

Tony Blair permanent EU president...

More like Tony Blair, permanent member, along with No Brains Bush in Joe Lieberman's Super Douche Club.

Tue, 11/03/2009 - 11:42 | 118237 Anonymous
Anonymous's picture

Sorry to be a tin hat, but the sigma on this is pretty high. Joseph Moshe arrested in LA 2 months ago said that there will be a virus attack that is concealed in a vaccine from Baxter in the Ukraine.

Tue, 11/03/2009 - 20:41 | 119137 cthulhu
cthulhu's picture

The more tinfoil, the greater the need for a link.

Tue, 11/03/2009 - 11:28 | 118223 Internet Tough Guy
Internet Tough Guy's picture

Government flu:

We got a drug
We're gonna try it out on you
Won't make you die
It'll getcha just a little bit sick

[Chorus]
Got a head cold
Got a chest cold
And it's three days old
(Goin' on forever)
Make you hazy
Make you lazy
Drive you crazy
For days and days and days and days and days
And years

Barely got the time now
To stay on the job
Double up the dosage in your water supply
Make you even sicker 'til you're slippin' away

Getting all depressed
It's getting all your friends
You can't get it up
For nothing that'll rock the boat

The government flu
The government flu
The government flu

Slip it abroad
Keep a-slowin' down the USSR
But meanwhile
We'll keep an eye
On what it's doin' to you

Tue, 11/03/2009 - 13:45 | 118415 Anonymous
Anonymous's picture

Awesome.

Tue, 11/03/2009 - 13:07 | 118355 Anonymous
Anonymous's picture

:^) New song for Dred Zeppelin?

Tue, 11/03/2009 - 11:28 | 118222 Gunther
Gunther's picture

PM,
the flu is in Germany hyped very much too without real reasons given that the 'new' version is more dangerous then regular flu. The whole flu story seems for now exaggerated to sell the vaccine.

Friday I stumbled upon this piece dealing with the European gas/pipeline dispute.
The blog did not cite a source but it seem worth to mention:
"Putin added that Ukrainian Prime Minister Yulia Tymoshenko told him by telephone on Friday that President Viktor Yushchenko was blocking payments for Russian gas supplies.
The Russian prime minister said that IMF data showed Ukraine had gold reserves of $27-$28 billion, with a maximum of $12 billion required to cover the payment. He also noted that the European Union had refused to extend any loans to Ukraine to cover its gas purchases.
"The EU has not given Ukraine any money," Putin said. "Ukraine has not received a single cent, not one hryvnia."
from: http://econo-matrix.blogspot.com/2009/10/ukraine-putin-will-das-restgold...

Tue, 11/03/2009 - 12:24 | 118296 Problem Is
Problem Is's picture

You mean Gunther...

To sell $40 billion worth of worthless undelivered flu vaccine in the US...

As the war criminal Donnie "Dickweed" Rumsfeld counts his Tamiflu profits...

Oh did I mention Rumy was a key player in the 1976 swine vaccine that killed Americans (rather than helping them)?

The idiot Ford was manipulated in to pushing on the public.

"Gilead Sciences held exclusive world patent rights to Tamiflu, of which Rumsfeld was the CEO... Rumsfeld was reportedly the largest stock holder in Gilead.

He [Rumsfeld] stands to make a fortune on royalties... on a drug worthless in curing effects of alleged Avian Flu.

Rumsfeld himself played a key role in hyping an outbreak of swine flu back in the 1976 when he urged the entire country to get vaccinated.

President Ford ordered massive inoculations in 1976. When fifty people died from the drug, its administration was suspended, but not before Mr. Rumsfeld pocketed an estimated five million (in 1976 dollars).

Much of the swine flu story and its dubious provenance has been documented by a Johns Hopkins medical professor, Arthur Silverstein, in his book Pure Politics and Impure Science, subtitled The Swine Flu Affair (JHU Press,1984).

What Rumsfeld neglected to report at the time was a colossal conflict of interest. Prior to coming to Washington in January 2001, Rumsfeld had been chairman of a California pharmaceutical company, Gilead Sciences. Gilead Sciences held exclusive world patent rights on Tamiflu, a drug it had developed..."

BBC.

Tue, 11/03/2009 - 13:14 | 118363 Gunther
Gunther's picture

From April:

(CNN) -- There had been no confirmed deaths in the United States related to swine flu as of Tuesday afternoon. But another virus had killed thousands of people since January and is expected to keep killing hundreds of people every week for the rest of the year.
(…)
People are nervous about swine flu, but the regular flu kills 36,000 people a year in the United States.

http://www.cnn.com/2009/HEALTH/04/28/regular.flu/index.html

Tue, 11/03/2009 - 11:00 | 118208 Anonymous
Anonymous's picture

Oh please, tell it like it is. There is a lot of prostitution in the Ukraine. H1N1's most effective transmission method is risky social behavior.

Tue, 11/03/2009 - 13:36 | 118405 Oso
Oso's picture

oh, good call.  there isnt any prostitution in Poland, Russia, Latvia, Lithuania, Bulgaria, Czech Republic, Slovakia, Slovenia, Kazakstan, Turkey, or Armenia so this is a non-event.

Tue, 11/03/2009 - 13:05 | 118353 Anonymous
Anonymous's picture

HOW MANY TIMES do I HAVE TO tell people?
Make CONDOMS, not CONDOS!!!!

Tue, 11/03/2009 - 11:00 | 118207 Steak
Steak's picture

Tomorrow will be an interesting day in Persia:

Iranian police warned the opposition Monday not to hold protests this week that would coincide with annual state-sponsored demonstrations against the United States.

The warning comes days after two opposition leaders suggested they will call their supporters to the streets Wednesday, in what was seen as an attempt to reinvigorate their movement after a harsh crackdown killed dozens of protesters in postelection turmoil over the summer.

Wednesday marks the 30th anniversary of the seizure of the U.S. Embassy in Tehran by militant students following the Islamic Revolution — a day that typically draws thousands to the streets of Tehran.

http://www.google.com/hostednews/ap/article/ALeqM5jGSJEAPs_r2T2wxsL5G3t4z-jajQD9BNHIJ82 

Many of the Iranians who led the storming of the US embassy in Tehran 30 years ago, inspired by the newly-created Islamic Republic, have become severe critics of the regime they helped to establish.

http://www.google.com/hostednews/afp/article/ALeqM5iPqxh8_2ubjQUFG1uxxoivs0vy9Q

Tue, 11/03/2009 - 11:30 | 118226 Internet Tough Guy
Internet Tough Guy's picture

I can't find Persia on a may. Is it near Biafra or USSR?

Tue, 11/03/2009 - 10:56 | 118204 illyia
illyia's picture

Ha! So Ure may be right about the Swine Flu as "tipping point," eh?

I thought Evans-Pritchard's article on Japan's carry-trade dry-up would win.

Those bots...

Tue, 11/03/2009 - 10:40 | 118194 Chief Hatuey
Chief Hatuey's picture

 

I wonder if IBM has an office in the Ukraine

http://preventdisease.com/news/09/110209_ibm_internal_doc_reveals_knowle...

Tue, 11/03/2009 - 10:18 | 118186 AN0NYM0US
AN0NYM0US's picture

also another great source is promed-mail an offshoot of ISID - Promed is an information sharing venue for frontline professionals from around the globe

http://www.promedmail.org/pls/otn/f?p=2400:1000:

Tue, 11/03/2009 - 10:13 | 118183 AN0NYM0US
AN0NYM0US's picture

Mayhem - Niman is a great source - always way out front on these things

http://www.recombinomics.com/whats_new.html

 

here's his latest

"

Ukraine H1N1 Deaths and Hospitalizations Spike Higher
Recombinomics Commentary 21:54
November 2, 2009

255516 Influenza/ARI
15810 Hospital Admissions
235 Intensive Care
70 deaths

The above numbers reflect the latest government update on cases in the Ukraine.  They are dramatically higher than those reported in the past few days and raise concerns that the death toll will increase significantly over the next several days.

..."

Tue, 11/03/2009 - 10:06 | 118178 Rainman
Rainman's picture

CIT is another corpse-in-waiting. Just bleeding out cash. One drop at a time.

Only the taxpayer carcass will be left to be picked clean by the vultures. 

Tue, 11/03/2009 - 10:01 | 118175 Bearish Spirits
Bearish Spirits's picture

Thanks for providing more info on the possible Ukraine epidemic, PM.

Not to squash Ure, but the larger-than-expected declines in consumer credit debt over the last few months haven't had much effect on the market.  He speaks common sense on this, not squid banter.

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