Mission Accomplished: Millions of Americans Will Pay Billions to Avoid Obamacare

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Mission Accomplished: Millions of Americans Will Pay Billions to Avoid Obamacare

Foreigners avoid short U.S. assets in Sept, buy longer ones

Foreigners avoid short U.S. assets in Sept, buy longer ones
http://currenteconomictrendsandnews.com/wp-content/uploads/2013/11/3364e__p-89EKCgBk8MZdE.gif

By Steven C. Johnson

NEW YORK Mon Nov 18, 2013 10:40am EST

NEW YORK (Reuters) – Foreigners fled from short-term U.S. assets in September as a budget battle in Washington raised fears the government could default on some obligations, though demand for longer-term securities rose, U.S. Treasury data showed on Monday.

The budget standoff that was building in September forced a partial government shutdown that lasted for the first 16 days of October. That dented the safe-haven status of U.S. Treasury bills and pushed yields up sharply on bills maturing toward the end of that month.

Including short-dated assets such as bills, foreigners sold $ 106.8 billion in September, the biggest decline since February, 2009. August’s outflow was also revised higher to $ 13.8 billion from an initially reported $ 2.9 billion.

Congress raised the debt ceiling a day before the Treasury said it would have run out of money to pay some obligations.

“You probably had a lot of people avoiding the short end of the U.S. yield curve at that point, which likely drove the big drop there,” said Gennadiy Goldberg, U.S. strategist at TD Securities in New York.

But investors increased holdings of long-term securities in September by $ 25.5 billion as buying of Treasury notes and bonds as well as stocks and agency debt rose. That came after long-dated holdings fell by a revised $ 9.8 billion in August.

Goldberg credited the turnaround to the Fed’s surprise decision not to start slowing its bond purchases in September, leaving most market participants expecting the central bank will not start winding down quantitative easing until early 2014.

“The non-taper decision probably led to the sizable reversal on long-term assets,” he said. “We saw strong buying in pretty much everything across the board in the U.S.”

Longer-dated Treasury holdings rose by $ 27.8 billion, more than reversing August’s $ 10.8 billion decline. China, the largest U.S. foreign creditor, saw its holdings rise by $ 25.7 billion to $ 1.294 trillion, a four-month high.

Overall, though, it was private foreign investors who bought Treasuries. So-called “official” investors, which includes central banks, were net sellers in September, according to the Treasury data.

Foreign demand for debt backed by the biggest U.S. federal housing agencies rose by $ 14.7 billion during September, just below August’s $ 16.8 billion inflow.

Overseas holdings of U.S. equities also rose by $ 12.5 billion, nearly reversing August’s $ 16.9 billion decline.

(Reporting by Steven C. Johnson; Editing by Chizu Nomiyama)

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Reuters: Economic News

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BRICS Countries Build New Internet to Avoid NSA Spying

Fiber optic undersea cable bypassing U.S. to be completed by 2015

Paul Joseph Watson
Infowars.com
October 24, 2013

BRICS countries are close to completing a brand new Internet backbone that would bypass the United States entirely and thereby protect both governments and citizens from NSA spying.

In light of revelations that the National Security Agency hacked German Chancellor Angela Merkel’s phone, in addition to recording information about 124 billion phone calls during a 30-day period earlier this year, the fallout against the NSA has accelerated.

Brazil is set to finalize a 34,000-kilometre undersea fiber-optic cable by 2015 that will run from Vladivostok, Russia to Fortaleza, Brazil, via Shantou, China, Chennai, India and Cape Town, South Africa.

According to the Hindu, the project will create, “a network free of US eavesdropping,” which via legislative mandates will also force the likes of Google, Facebook and Yahoo to store all data generated by BRICS nations locally, shielding it from NSA snooping.

“The BRICS countries have the muscle to pull this off,” notes Washington’s Blog. “Each of the BRICS countries are in the top 25 largest economies in the world. China has the world’s second largest economy, India is 3rd, Russia 6th, Brazil 7th, and South Africa 25th.”

However, some privacy experts fear that this will do little to stop the NSA, given that it has tapped undersea cables since the Cold War era. Others are more positive.

“Any alternative would be a positive thing, writes Michael Dorfman. “The more choice you have, the better. Yet no-one can say for sure whether this new Internet will be safer than its US counterpart and will be able to protect the rights of regular users, including the privacy of personal data and free access to resources, more effectively.”

The BRICS cable was already in development months before the revelations of whistleblower Edward Snowden first became public in June.

In September it emerged that the NSA had been spying on Brazilian government communications as well as Brazilian oil company Petrobras. Spooks hacked into the firm’s computer network to eavesdrop on conversations between CEOs.

The current Internet architecture is dominated by ICANN (the Internet Corporation for Assigned Names and Numbers), which is largely controlled by the United States.

Other entrepreneurs are also fighting back against NSA surveillance. Tech maverick John McAfee recently announced that he was to fund a $ 100 gadget named Decentral that would sync up with a modem to thwart NSA spying and provide total anonymity.

Asked what he would do if the US government banned the product, McAfee responded, “I’ll sell it in England, Japan, the Third World. This is coming and cannot be stopped.”

Facebook @ https://www.facebook.com/paul.j.watson.71
FOLLOW Paul Joseph Watson @ https://twitter.com/PrisonPlanet

*********************

Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News.

This article was posted: Thursday, October 24, 2013 at 10:00 am

Tags: big brother, internet, technology

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Infowars

BRICS Countries Build New Internet to Avoid NSA Spying

Yet Another Privacy Service Has Shut Down to Avoid the Feds

One of the more unsettling chilling effects of the US government’s quest to monitor everything internet users are saying online is that it puts a bullseye on the privacy services trying to protect users from exactly that.

Two of the country’s top secure email providers, Lavabit and Silent Circle, shuttered their doors shortly after Edward Snowden blew the lid off the NSA’s domestic surveillance program. Now encryption services continue to drop like flies.

The latest is CryptoSeal Privacy, a VPN service that provides a secure and private way to use the internet. The company announced it’s shutting down its consumer privacy product in order to avoid government attempts to access and monitor users’ encrypted communications.

CryptoSeal explained it must comply with subpoenas and warrants from law enforcement, and basically never anticipated this kind of intrusion from the top ranks of the US intelligence arm when the service first launched. Forced to choose between breaking the law or violating its users’ privacy, the company threw in the towel.

“Essentially, the service was created and operated under a certain understanding of current US law, and that understanding may not currently be valid,” CrytoSeal said in an announcement yesterday. “As we are a US company and comply fully with US law, but wish to protect the privacy of our users, it is impossible for us to continue offering the CryptoSeal Privacy consumer VPN product.”

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Yet Another Privacy Service Has Shut Down to Avoid the Feds

Madrid seeks talks with Catalonia to avoid independence referendum

Published time: September 15, 2013 14:27

Spanish Prime Minister Mariano Rajoy.(Reuters / Sergio Perez)

Spanish Prime Minister Mariano Rajoy has proposed talks with the Catalan regional government in an effort to avert a referendum on Barcelona’s independence from Madrid.

Rajoy on Saturday sent a letter to the leader of the Catalan regional government, Artur Mas, proposing the talks, just three days after crowds of 1.6 million people flooded the region’s streets, waving red, yellow and blue flags Catalan flags and calling for independence. Activists calling themselves The Catalan Way linked hands, forming a human chain that stretched for more than 400 kilometers along Catalonia’s Mediterranean coast, uniting 86 towns and villages.

In his letter, PM Rajoy said he was “convinced of the exceptional relevance of Catalonia for Spain and of the richness, plurality and singularity of Catalan society,” but added that “ties cannot be broken without huge … economic, political and social costs.” He added, “We need to work together to strengthen these ties and move away from confrontation.”

A referendum would be a “unilateral declaration of independence that would have serious consequences for Spain and also for Catalonia,” Spanish Foreign Minister Jose Manuel Garcia-Margallo warned earlier this month, adding that Catalonia would have to “bid farewell to the European Union” if it went ahead with the independence vote. 

The region of 7.5 million people, which has been comparatively less hard hit by Europe’s recession than some other parts of Spain, has increasingly swung toward the idea of independence from Madrid. The threat of a referendum comes as Rajoy and his center-right ruling party are embroiled in a corruption scandal, while the country faces a deep recession.

Earlier this week, Mas said that a new, more favorable tax regime would be welcome in Catalonia, but only to pave the way for an independence referendum. Many Catalans complain that their region pumps too much money into the central government’s coffers, with little sent back in return. Catalonia pays at least $ 15 billion more in tax revenues than it receives back in social spending or investments in infrastructure.

Catalonia, unlike the Basque region with its similar desire for secession, is Spain’s most economically powerful region – but having requested €9 billion ($ 12 billion) in bailout funds from the central government – on top of the €5 billion ($ 6.3 billion) it already owes, it is also the most indebted, due to the economic crisis strangling the nation.

Rajoy and Mas had a closed-door meeting in August in a bid to end a year-long standoff over the independence referendum, and to discuss greater tax powers for Catalonia, Reuters reported. That meeting failed to produce a positive result, however, and the two sides continue to have major disagreements on a range of issues.

“The breakdown in relations with Spain has become so serious that the only solution is a referendum,” Mas said earlier Wednesday.

Rajoy has not said what new proposals he has for the Catalans, but he has threatened to block Barcelona’s attempts at secession in court, calling it unconstitutional. 

In response to Rajoy’s threat of legal action, Mas said he would call an early election and use it as a platform to campaign for the region’s secession. According to recent polls, about one half of Catalan voters would favor independence independence.

The warning by Mas comes as his conservative Convergence and Union party joins forces with its rival, Oriol Junqueras of the Republican Left of Catalonia. The two are set to jointly push for regional independence.
“We aim to put the future of Catalonia in the hands of the citizens of Catalonia, and to do that we want to consult them democratically,” said Junqueras.

Wednesday’s ‘human chain’ event, which took place on Catalonia’s national day, the Diada, included the President of the Catalan National Assembly, Carme Forcadel, who organized the event. “We need to put an end to the cultural and economic suffocation we are suffering from,” she shouted to a crowd in downtown Barcelona. “We have come out in our hundreds of thousands into the street to show in a democratic and inclusive way that we are capable of achieving any aim we set for ourselves,” she added.

RT – News

Madrid seeks talks with Catalonia to avoid independence referendum

Politicians Given Invisible License Plates to Avoid Fines

Politicians Given Invisible License Plates to Avoid Fines

VIDEO: Boehner on Sequester: Obama Campaigning Instead

Republican leader John Boehner is calling on President Barack Obama to stop holding what he calls campaign-style rallies and meet with Senate Democrats to craft a plan to avoid the sequester.

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