Is the ECB choking on its own liquidity as Spain's economy grinds to a halt

From  CapitalAccount 02/mar/2012:

Fresh off of the ECB's latest liquidity injection, are we still facing a eurozone banking crisis? Well let's follow the money shall we?! Two days after 800 banks borrowed 530 billion euro from the european central bank's 3-year LTRO...deposits at the ECB have shot up to a record 777 billion euro -- more than 1 trillion dollars, as banks choose to make a negative return on their money instead of engaging in the sovereign carry trade. Is this a sign that banks could be terrified of what lurks beneath? Could the balance sheet fears of the euroareas largest banks still be haunting the zombie castle? We bring economist and MMT muscle flexer Mike Norman on the program to talk about it. 


And since we are on the subject of liquidity -- Brazil has fired off another round in the global currency wars in response to all that easy money. Brazil's stepping up intervention in the market and extending a tax on foreign borrowing to fight against developed nations that print currency and call it money! Bernanke continues to defend the Fed's policies in response to its purport objectives. Brazil's finance minister is having non of it. He says Brazil won't sit by while Bernanke blow bubbles so big that they cut off the oxygen to his rain forest! (those weren't his EXACT words, but you get the idea)


And Timothy Geithner in a wall street journal op-ed today warns against financial crisis "amnesia" as he sees opposition to wall street reform. But is Geithner lucky people seem to have forgotten about his role in the chris when two years ago people were calling for his resignation? We'll tell you what we think about his hypocrisy as well.


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Related:

The Euro-Ponzi Rolls On

Unintended Consequence by John Mauldin

Spain's "Debt Crisis" Was Created by the ECB

Spain busts EU budget treaty deal on day one

Time to Destroy the CFR

From Zioyid resistance:

By J.B.CAMPBELL 

The Council on Foreign Relations runs the United States government and has done so since before it was born, which was, for the record, in 1921. The same people who were its first members were the controllers of Woodrow Wilson from 1913 until his incapacity which began with the flu in 1919, then worsened by a stroke. Wilson’s inability to perform his presidential duties was hidden from the public. He did the United States severe damage on behalf of the Rothschild banking cartel. The damage he did to Russia and Europe generally cannot be calculated. Perhaps his realization of what he had done contributed to his stroke, based on remarks he made about having betrayed his country.

Wilson’s treachery to humanity was crowned by his efforts to create a totalitarian world government in the aftermath of his world war. The American people through their representatives rejected the League of Nations which Wilson’s handlers expected him to achieve for them. The angry handlers realized they had not prepared the American people properly for their own downfall. The handlers started the Council on Foreign Relations.

The CFR was formed in order to put the US under a world government. 

It is not possible to exaggerate the control of the US government by this private group headquartered in Manhattan. Its membership has grown considerably to over four thousand today and includes politicians, professors, military officers, psychiatrists and movie stars. But most importantly it includes bankers and financiers, the ones who actually make US policy. 

The CFR’s spokesmen pretend to play down the central role of the club to the public. Its members, though, pledge allegiance to the club whenever they speak. Dick Cheney addressed his fellow members thus: “It’s good to be back at the Council on Foreign Relations. As Pete [Peterson] mentioned, I’ve been a member for a long time, and was actually a director for some period of time. I never mentioned that when I was campaigning for reelection back home in Wyoming.” (Sardonic laughter by CFR audience)

Hillary Clinton gushed recently, “Thank you very much, Richard [Haass], and I’m delighted to be here in these new headquarters. I have been often to, I guess, the mother ship in New York City, uh, but it’s good to have an outpost of the Council right here, down the street, from the State Department. Uh, we get a lot of advice from the Council so this will mean I won’t have this far to go to be told what we should be doing and how we should think about the future.”

She was referring to the recently established DC headquarters of the CFR at 1777 F Street, NW. This historic old building is one block from the White House.

The CFR in DC describes itself thus: “The Council on Foreign Relations’ Washington DC office is a growing and multifaceted presence in the nation’s capital. Our goal is to use CFR’s convening power and intellectual resources to inform not only our members, but also Congress, the administration, the media, and the business community.”

Convening power. Do a search on those words. America and the world are on the brink of financial and physical destruction only because the CFR has been using its convening power and intellectual resources to inform not only its members, but also Congress, the administration, the media and the business community. They say “inform” but they mean “run.”

The mother ship is of course the actual headquarters at 58 E. 68th Street in Manhattan. There’s also one in Chicago at 116 S. Michigan Avenue. All three death houses must be blown up. We don’t need to save them as museums of mass death. They must be demolished.

Here’s the latest reason why: A CFR scribe named Matthew Kroenig has just released a CFR essay entitled, “Time to Attack Iran.” You don’t need to read it, obviously; you know what it says. The point is that the CFR is officially demanding that Obama direct the US military to wage total war on Iran.

The Council on Foreign Relations is the Rothschild’s invisible ministry of war. Before the Rockefeller brothers, before the CFR, there was an evil little man named Edward Mandel House, who was the chief Rothschild operative in the US. He’d honed his king-making skills in Texas before his assignment to find a suitable Democratic candidate for the 1912 presidential election. He came up with a pompous professor and governor of New Jersey, Woodrow Wilson, who was susceptible to House’s flattery and his ability to get things done. 

Wilson was the perfect patsy. Before his first year was up, House had put America back under a Rothschild central bank and a graduated income tax. This was followed by starting an international war in Europe, arranging for America to enter the war, creating an international government and arranging for America to submit to that government. 

This was all based on an incredibly bad little novel entitled, Philip Dru: Administrator, written in 1911, the year House discovered Wilson. It was published just after the 1912 election of Wilson, possible only because Teddy Roosevelt split the Republican vote for William Howard Taft, persuaded to run by House. For the next fourteen years no one knew who wrote Philip Dru: Administrator. It was finally admitted in 1926 by Charles Seymour, the editor of House’s Intimate Papers, that Philip Dru: Administrator was written by Colonel House, who was a colonel like Colonel Sanders. He’d been given the title by Texas governor James Hogg for no apparent reason.

It had been rumored that House was the author but it was so subversive and destructive of the American way of life at that time that the truth could not be admitted for years. House, however, had given a copy to young Franklin D. Roosevelt, his new protégé, in 1918. 

The character Philip Dru was a West Point officer who resigned his commission due to ill health to become a social worker and community organizer in New York’s Lower East Side for five years. Dru’s “purpose was not so much to give individual help as to formulate some general plan and to work upon those lines.” Dru comes out of this experience as a military leader of the rebellion against a corrupt national government to become “administrator to the Republic,” that is, dictator of the United States, and then later of one quarter of the world, and finally, in cooperation with the British, the rest of the world. He then, once the world government is set up, retires to study the Russian language.

Barack Obama, the CIA mystery man and protégé of Zbigniew Brzezinski, a community organizer from the Chicago slums with seemingly no verifiable personal history, appears to match the character of Philip Dru better than anyone so far.

Does anyone know how Communism started, how it took over Russia and exterminated scores of millions of normal people? It was started by the US government while it was run by Colonel Edward Mandel House during the presidency of Woodrow Wilson. 

There were about 350 Russian Jews (Mensheviks) holed up in New York’s Lower East Side in 1917. They were led by a Jew named Lev Bronstein, who had changed his name, as Jews often do, to Leon Trotsky. Colonel House arranged for these Communists to be put on a ship in New York and transported to St. Petersburg to meet up with another Jew named Vladimir I. Ulyanov, also with the fake name Nikolai Lenin. The Jews swore for decades that Lenin was not a Jew but declassified Soviet documents have revealed the truth, that the most horrifying sadism against humanity was directed by and committed by Jews. These guys were not Semitic but Central Asian. Their forebears had converted en masse to Judaism. Old Testament and Talmudic Judaism authorized the mass slaughter, torture and disappearance of millions of Russians and other peoples in the Jewish “workers’ paradise” now known as the Soviet Union.

The way that House put the Communists in charge of Russia was as follows: The ship, the SS Kristianafiord, pulled into Halifax, Canada en route to Russia. The Canadians arrested the Jews. Why? Because they realized what the plan of Colonel House was, to have these revolutionaries take over the new Russian democratic government and cut a deal with Germany, who would be sending Lenin and 165 of his Bolsheviks (128 Jews) holed up in Zurich, Switzerland on a protected German army train to St. Petersburg to meet with Trotsky. The Canadians knew that if these Communists pulled Russia out of the war on the Eastern Front that hundreds of thousands of German soldiers could go over to the Western Front and fight Canadians and British and French soldiers. They knew that Trotsky represented the deaths of Canadians, and found that House had provided Trotsky with a US passport and that he had ten thousand dollars “from German sources.”

We really need to appreciate the time frame of this conspiracy against Russia. Wilson declared war against Germany on April 6, 1917. Ten days earlier, March 26, Trotsky and his Menshevik Communists left New York with House’s help. Ten days after Wilson’s declaration of war, April 16, the Germans put Lenin and his Bolshevik Communists on the train for Stockholm and St. Petersburg. On the very same day, President Wilson ordered the Canadians to allow the Trotsky gang to resume their cruise to St. Petersburg, or Petrograd. As we know, Trotsky and Lenin took over the Russian government and created the Soviet dictatorship and signed the Treaty of Brest-Litovsk with Germany, ending the war on the Eastern Front.

So, we have an American president collaborating with Germany to take Russia out of the war so that Germans could concentrate on fighting American soldiers on the Western Front now that the American president had declared war on Germany at the very same time! This is called “giving aid and comfort to an enemy in time of war,” our official definition of treason.

As successful as this treachery against Russia and Europe had been, the main idea was to create the world government and force America to submit to it. We should be grateful that the American people were as aware of the danger as they were back then, instructing their elected representatives to reject the League of Nations. This rejection infuriated Wilson’s handlers, mainly Colonel House and the Dulles brothers, who began in 1919 to form a group that would create conditions for a more terrible world war and an irresistible world government. The CFR was born two years later and within only eighteen years not only created World War II but got America to fight it to the deaths of about sixty million people around the world, culminating with the dropping of two Jewish hell-bombs on innocent civilians.

Just as they had done following WWI, the handlers provided another world government following WWII. The United Nations created the State of Israel in 1948 and took us to war against North Korea and China in 1950, pretty remarkable achievements for a “peace organization.” All of the UN members were of course also members of the Council on Foreign Relations. The CFR members arranged for a stalemate with the Communists and a permanent occupation of South Korea.

CFR members put us at war with North Vietnam and made sure that we lost that war to the Communists.

CFR members made policies that shut down our industries and transferred them to Communist China, from which we must import most of our goods.

CFR members have created a new country here out of Canada, America and Mexico they call the North American Union. CFR members will of course be the government of this new country.

CFR members were the ones who lied to us about Iraq’s weapons of mass destruction and are the ones lying to us about Iran’s weapons of mass destruction.

CFR members are saying that America must attack Iran and that millions of Iranians should be slaughtered, just as millions of Iraqis and Afghans have been slaughtered on the orders of CFR members.

CFR members have made nightmare laws that call for the rounding up and disappearance of millions of Americans for no legal reason. The members have turned the military against the American people. This is the main reason that the CFR must be destroyed and all members of the criminal syndicate executed for crimes against humanity, crimes against peace and specifically for treason against the American people.

CFR members are the most dangerous and treacherous people in America. The membership is reportedly 70% Jewish but has always been a function of the Rothschild banking cartel of London, Paris and Frankfurt.

The CFR is behind Agenda 21 and the FEMA concentration camps and the deadly parasite state of Israel and the trafficking of drugs into America, not to mention the War on Drugs that has put millions of harmless Americans behind bars and billions in drug money and prison money into CFR banks.

We shall either wipe out the Council on Foreign Relations or we shall die at its hands, as hundreds of millions of people have done for all of the 20th Century since the CFR’s inception, and now for all of the 21st Century thus far. The CFR is dedicated to the deaths of billions of people in a depopulation program first enunciated by the CFR’s Henry Kissinger in the 1970s and then by David Rockefeller and other CFR members and directors.

Every war that the CFR has designed, and that is virtually every war since 1914, has produced mega-death. The CFR is now demanding that Iran be attacked, which again will result in mega-death, not to mention catastrophic oil prices which will shut down the United States’ already crippled economy.

The CFR is made up of extremely malignant people – people who have no problem with the deaths of millions of normal people who mind their own business. These malignant people must be removed from this earth because they have proven themselves deadly and toxic beyond description.

The membership list should be studied and the malignant ones neutralized before they can order the deaths of millions of Americans and millions of other people who mean us no harm.

Edward Mandel House, whose British father raised him “to know and serve England,” set in motion a mass murder machine that even he probably underestimated. The levels of murder he unleashed by sending Trotsky to Russia are really beyond human comprehension, followed by the Chinese exterminations by that CFR henchman, Mao Tse-tung. This is what happens when sadists and psychopaths are sponsored by “the civilized governments.”

Revolution means the overthrow of first the invisible government of the Council on Foreign Relations, followed by the overthrow of the visible federal government. If it is tried in reverse order, the invisible government would remain in power and the revolution will fail. If the CFR is taken out first, the federal government will collapse with its head cut off.

It should take less than a year to locate and remove the four thousand or so members of the CFR, an operation by a combination of civilian and military members of the resistance. The three CFR buildings must be taken down. The other subversive organizations having interlocking relationships with the CFR will also be reduced to nothingness. But the first and most urgent action must be against the most destructive group in world history, the Council on Foreign Relations.

Is the Manchurian Alien Son of the CIA a Designed Scapegoat?

From The Daily Bell, March 02, 2012 – by Staff Report

 

An investigative "Cold Case Posse" launched six months ago by "America's toughest sheriff" – Joe Arpaio of Arizona's Maricopa County – has concluded there is probable cause that the document released by the White House last year as President Obama's birth certificate is a computer-generated forgery. The posse says it has identified at least one person of interest in the alleged forgery of Obama's birth certificate. – ABC News


Dominant Social Theme: It was a great cover-up, but now it's been found out. Obama is not what he seems to be. So what are you gonna do about it?


Free-Market Analysis: While we have always believed that President Barack Obama was controlled by the larger forces of the Anglosphere elite, the apparent forgery of his birth certificate raises even more questions.
Is it possible that Obama, one of the most powerful men on the planet, released an apparently hideously flawed document on purpose? The alternative is to believe that he put out an electronic document with NINE LAYERS that clearly seems to show evidence of tampering.
All the man and his (hypothetical) handlers had to do was print out the document and run it through a scanner (thus re-condensing the layers). Heck, they probably could just have re-saved the document as a jpeg, pdf, etc.
It seems crazy, doesn't it? Anyone who has the patience to sit through yesterday's Cold Case Posse presentation (see article excerpt above) should come away astonished by two salient facts:
One, the US President is apparently occupying his position illegally (so it seems); and two, the release of the "long form" and its clumsy manipulations must be comparable to the Watergate cover-up in terms of its ineptness. This is not too strong a statement, in our humble estimation.
There are tens of millions in the US who work with Photoshop or Illustrator regularly or irregularly. Ask almost any of these individuals if they would release a document with nine separate layers showing evidence of tampering (when trying to establish the authenticity of a document) and listen to their responses.
We can't say for sure but we'd be surprised if more than a handful would indicate that they'd follow the path Obama (or those around him) took ... providing what seems to be a kind of documentary proof that Sheriff Joe Arpaio has now seized upon (though it took his "cold case posse" six months).
With all the resources at his disposal, Obama still evidently managed to release an easily exposed cover-up. This despite plenty of apocryphal evidence that Obama is a direct product – or outcome – of US Intel, with its literally millions of spooks, "spook support" and high-tech gadgetry.
We do believe that Obama is "handled." What else CAN we believe? He won't let any of his records be examined, going back all the way to kindergarten. And his activities are in line with what the elites want to accomplish – one-world government.
The elites apparently are creating a formal world government in the modern era via global depression and war. We don't believe the US economy is improving and we don't believe the EU "crisis" is over.
Nikolas Sarkozy was just chased into a French pub in Basque country and had to hide out there for several hours while the crowd raged outside. The mood in Europe is foul. In the US and Britain it's just as bad. China isn't so happy, either.
And yet ... this is exactly what can be expected given the policies that are in place. There is no doubt the current economic environment is a "controlled" outcome. Central banks are not flora or fauna; they are not "potted plants." They do not occur naturally.
Monopoly fiat money is a ruinous phenomenon. Those who have built and implemented some 150 central banks around the world understand full well what they do and what the ramifications are.
It is the Internet itself – through what we call the Internet Reformation – that has challenged the plans of the powers-that-be. Like the Gutenberg Press before it, it has exposed the larger strategy of the elites of the day.
We're not sure if there was a larger, cohesive conspiracy 700 years ago, but there sure seems to be one now. An entire globalist system is now in place including NATO, the UN, the World Criminal Court, the IMF, the World Bank(which wants to take over jurisdiction for the oceans) and the World Health Organization.
The elites have moved their plans forward via dominant social themes – fear-based promotions – that frighten Western middle classes into giving up power and wealth to globalist facilities. But in the Internet era, these promotions are working a good deal less effectively.
It is to the benefit of the elites to continually sow doubt and confusion within the mind of the larger public when it comes to any kind of modern facility, either governmental or technological. We believe the power elite through its controlled Intel operations is pouring resources into undermining the alternative 'Net media.
The idea is to create a narrative of confusion, one in which the outlines of the REAL story are gradually blurred and no one knows whom to trust or what the outlines of objective truth (yes, there is such a thing within the purview of our experiences) might look like.
But we also believe the historic release of this questionable Obama long-form gives us another tactic to ponder. As the Internet Reformation has had a continual impact on the plans of the elites they have grown far more brutal and obvious. As someone recently wrote, "the gloves are off."
Thus, we figure the clumsiness of this long-form forgery (if that is what it is) is perhaps predictable, and even PURPOSEFUL. The idea might be that those who are "running the show" want to provide us with irredeemable proof that they can basically do whatever they want.
They're SHOWING us that they're in charge; that they can put a man in office who has no business being there and is actively trying to destroy what is left of the US Republic. Yes ... it could be argued this is part of a larger methodology of intimidation.
There may be even more to it, by the way. We're not necessarily big fans of either "Sheriff Joe" – an authoritarianbully, in our view – or the hyper-conservative/hyper-theological World Net Daily (though its editors and writers certainly break courageous stories now and again).
But we can't help noticing this entire incident has ended up pitting these two elements against an even more objectionable opponent (from a freedom standpoint) in the Obama administration. Once again, we're being presented with a conservative/liberal dialectic. The world is being framed in illogical, but compelling, ways.
We find it really difficult to believe that with all the resources available to him, Obama (knowingly or not) released this apparently clumsy forgery. One can, of course, make an argument that it was created so badly because only a very few people were involved. But we also think there could be more to it.
Alternatively, the idea is simply to sow confusion and dissent. Obama may be reelected, but the result will be an even more polarized society as many will have good reason to believe the president is not legally viable. This would certainly provide increased fodder for social disruption and a subsequent crackdown.
One grants, with this latter argument, that Obama is in a sense the ultimate disposable man. But we are not surprised that logic leads to this latter conclusion. In our view, many of those who work directly for the great central banking families are continually surprised that they can be world leaders one day and scapegoats the next. But that's how these people seem to work.


Conclusion: You make your deal. Don't be surprised by the consequences. Obama may be in for a rough ride. And his "fellow citizens" as well ....
Editor's Note: Feedbacker Marty, in the thread below, offers several scenarios including one along the lines that we mentioned, but also this thought-provoking one: "The forgery is intentionally of low quality, so that it will be found out. It will be shown that the original was lost, or destroyed inadvertently, by an incompetent clerk (probably one of a male Caucasian republican persuasion), and that he created the document to cover up his own incompetence.  Thus the discoverer of the fraud, can be ridiculed in the eyes of the public, for being correct, and a nobody (a now wealthy nobody) can be scapegoated." In fact, "Sheriff Joe" indicated at the press conference that his office already had identified a "person of interest." And it's true that the Sheriff made a point several times that the forgery was not necessarily coordinated from the top down. In other words, President Barack Obama may have had nothing to do with it. Or, so, according to Marty, the scenario could play out ...
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(Maybe) Related: 

Andrew Breitbart: ‘I Have Obama College Videos’ – ‘Wait Til They See What Happens On March 1st’. Drops dead. 

Jerome Corsi: Breitbart’s Last Contact Was With Sheriff Joe Arpaio!