When They Start Praising the Fed, You Know We’re Headed for Disaster


TheDailyBell

dollar-sinking

The Fed’s Amazing Self-Fulfilling Forecast … The Federal Reserve’s track record of economic forecasting is a lot better than many observers recognize. It might also offer some insight into the central bank’s approach to managing the recovery.  -Bloomberg

This Bloomberg article makes the point that the Federal Reserve is competent.

Worrisomely, such articles tend to appear at the top of the business cycle. For proponents of central banking any gradually, sustained upturn is an excuse to celebrate central bank supervision.

This sort of propaganda is endlessly present at Bloomberg. Let the last cyclical economic disaster finally begin to fade from memory and Bloomberg columnists proclaim Fed competence once again.

In fact, we would have a hard time recalling when the Bloomberg editorial section criticized the central bank paradigm itself.  They are much more apt to either minimize Fed power (so as to make the facility more palatable) or in some sense endorse it.

This article argues that starting in 2011, the Fed brought policies in line with action and its handling of the economy became far more competent.

More:

From 2011 through 2015, the Fed managed the economy with two complementary goals: Get the unemployment rate down to 5 percent (from near 10 percent) and keep inflation in a range between 1 percent and 2 percent.

It adjusted monetary policy in response to shocks in order to achieve these complementary goals. In other words, the forecast for unemployment and inflation was accurate because the Fed made it so.

This raises another question: Could the Fed have achieved better growth and gotten interest rates back up to normal more quickly if it had aimed for a sharper decline in the unemployment rate and allowed inflation to run above target?

The basic thrust of these observations is that Fed officials finally figured out the right approach to the economy after fumbling around.

What would that right approach be? Presumably aggressive easing using such unusual methods as “quantitative easing.”

The article also provocatively if the Fed might have run the monetary engines even harder to  create more jobs. Answer: This question will be studied for years to come.

No, it probably won’t. Once the next crash comes, probably sooner rather than later, Fed “management” will be revealed for the disaster it is. Short term arguments for Fed competence always come unstuck.

These are cyclical arguments in fact.

They usually occur toward the top of whatever bubble the Fed is currently engaged in blowing.

We remember articles during the Greenspan era proclaiming that the Fed had basically abolished the business cycle. Then 2001 happened.

Ben Bernanke was very confident about the Fed’s economic management right up until the 2007-2008 unraveling.

And now, again, we begin to see articles promoting the Fed’s management skills regarding a particularly stubborn business cycle.

But central banks do not have management skills. All that central banks do is exacerbate cycles already present in the economy.

Any modern economy would likely have some sort of cycle. Central banks considerably exacerbate those cycles. Additionally, central banks homogenize monetary policy.

Regional cycles are far preferable to national cycles because during a regional downturn, people can go elsewhere. Once the cycle is nationalized, people’s employment options are considerably lessened.

As central banking becomes more internationalized – as the Bank for International Settlements increasingly coordinates monetary policy – what was once local becomes global.

The disasters associated with a truly international central banking regime are evident and obvious. The downturns will be all encompassing.

There literally will be no place to go to avoid an economic collapse.

Speculating about how central banking success only encourages this homogenization by giving people the false impression that monetary management of an economy is viable.

It is not. The successes that are identified are inevitably ephemeral. Always we see articles of this sort, celebrating central bank management at a time when money printing has finally managed to generate asset bubbles.

These asset bubbles are mistaken for a “recovery.” But there are never any “recoveries” in a modern, central bank environment, only asset expansions propelled by misaligned interest rates and monetary debasement.

Conclusion: When we read articles like this one, we become painfully aware that we are probably approaching the top of the economic cycle. When it once again turns down, as it certainly will, these articles become signposts on the path to disaster.

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#Microsoft’s ‘Deceitful’ #Windows10 upgrade


Microsoft said in a statement: “With the free Windows 10 upgrade offer ending on 29 July, we want to help people upgrade to the best version of Windows.

Right, the best spyware version!


Independent

Microsoft criticised over ‘deceitful’ Windows 10 upgrade

Microsoft have now labelled the update as ‘recommended’

An alteration to Microsoft’s Windows 10 upgrade pop-up box has been heavily criticised by customers as “deceitful” and “nasty”.

For the last six months, Windows 7 and Windows 8 users have been presented with an upgrade pop-up box asking users to either “Upgrade Now” or “Upgrade Later”.

The only way to skip the upgrade was to click the red “X” icon in the top right hand corner, typically used to close windows.

However, an alteration to the Windows 10 upgrade alert now means if a user dismisses the box with the “x” icon, rather than closing the window, it now activates the upgrade, the BBC reports.

The change occurred as Microsoft have now labelled the update as “recommended” and most users PCs are programmed to accept this type of update for security purposes.

Microsoft has said the upgrade can still be halted when the programmed time for it to begin appears.

The modification has been dubbed a “nasty” and “deceitful new update” by Brad Chacos, PC World website senior editor.

Video – Microsoft: Imagining the future for NFL fans

Mr Chacos wrote: “I’ve long been a vocal critic of the heavy-handed tactics that Microsoft’s been using to force people into the upgrade.

“Deploying these dirty tricks only frustrates long-time Windows users who have very valid reasons to stick with operating systems they already know and love.”

A number of social media users have also vocalised their frustration with the change.

Trevor Darby said: “Work at a repair shop. So many customers called complaining about how they hit the “X” as usual and got upgraded to Windows 10.”

Another user said: “Very disappointed with Microsoft the way they’re tricking people into Windows 10 upgrades. Sorry, it’s not right.”

Microsoft said in a statement: “With the free Windows 10 upgrade offer ending on 29 July, we want to help people upgrade to the best version of Windows.

“As we shared in October, Windows 10 will be offered as a ‘recommended’ update for Windows 7 and 8.1 customers whose Windows Update settings are configured to accept ‘recommended’ updates.

“Customers can choose to accept or decline the Windows 10 upgrade.”


Related:

Bill Gates of hell: Windows 10 hijacking computers
Read more at http://www.wnd.com/2016/05/bill-gates-of-hell-windows-10-hijacks-computers/#iVqTVid8rohrHvuD.99

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We’re in the Eye of a Global Financial Hurricane


oftwominds

Charles Hugh Smith

The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality.

The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane.

The Keynesian god of growth has failed.

The Keynesian god of borrowing from the future to fund today’s consumption has failed.

The Keynesian god of monetary stimulus / financialization has failed.

Every major central bank and state worships these Keynesian idols:

1. Growth. (Never mind the cost or what kind of growth–all growth is good, even the financial equivalent of aggressive cancer).

2. Borrowing from the future to fund today’s keg party, worthless college diploma, particle board bookcase, stock buy-back, etc. (oops, I mean “investment”)–a.k.a. deficit spending which is a polite way of saying this unsavory truth: stealing from our children and grandchildren to fund our lifestyles today.

3. Monetary stimulus / financialization. If private investment sags (because there are few attractive investments at today’s nosebleed valuations and few attractive investments in a global economy burdened with massive over-production and over-capacity), drop interest rates to zero (or below zero) to “stimulate” new borrowing… for whatever: global carry trades, bat guano derivatives, etc.

Here is my definition of Financialization:

Financialization is the mass commodification of debt and debt-based financial instruments collaterized by previously low-risk assets, a pyramiding of risk and speculative gains that is only possible in a massive expansion of low-cost credit and leverage.

That is a mouthful, so let’s break it into bite-sized chunks.

Home mortgages are a good example of how financialization increases financial profits by jacking up risk and distributing it to suckers who don’t recognize the potential for staggering losses.

In the good old days, home mortgages were safe and dull: banks and savings and loans institutions issued the mortgages and kept the loans on their books, earning a stable return for the 30 years of the mortgage’s term.

Then the financialization machine revolutionized the home mortgage business to increase profits. The first step was to generate entire new types of mortgages with higher profit margins than conventional mortgages. These included no-down payment mortgages (liar loans), no-interest-for-the-first-few-years mortgages, adjustable-rate mortgages, home equity lines of credit, and so on.

This broadening of options (and risks) greatly expanded the pool of people who qualified for a mortgage. In the old days, only those with sterling credit qualified for a home mortgage. In the financialized realm, almost anyone with a pulse could qualify for an exotic mortgage.

The interest rate, risk and profit margins were all much higher for the originators. What’s not to like? Well, the risk of default is a problem. Defaults trigger losses.

Financialization’s solution: package the risk in safe-looking securities and offload the risk onto suckers and marks. Securitizing mortgages enabled loan originators to skim the origination fees and profits up front and then offload the risk of default and loss onto buyers of the mortgage securities.

Securitization was tailor-made for hiding risk deep inside apparently low-risk pools of mortgages and rigging the tranches to maximize profits for the packagers at the expense of the unwary buyers, who bought high-risk securities under the false premise that they were “safe home mortgages.”

Financialization– which can only expand to dominate an economy if it is supported by a central bank bent on expanding credit–has two inevitable and highly toxic consequences:

Risk seeps into every nook and cranny of the financial system, greatly increasing the odds of a systemic domino reaction in financial meltdowns. This is precisely what we saw in the 2008-09 Global Financial Meltdown (GFM): supposedly “contained” subprime mortgages toppled dominoes left and right, bringing the entire risk-saturated system to its knees.

Extraordinary wealth and income inequality, as those closest to the central bank money/credit spigots can scoop up income-producing assets first at much lower costs than Mom and Pop Main Street investors.

The rising anger of the masses left behind by the central bank / financialization wealth harvesting machine is the direct result of Keynesian monetary stimulus that rewards debt-based speculative gambles by those closest to the cheap-credit spigots.

As I explain in my book Why Our Status Quo Failed and Is Beyond Reform, the only possible output of central bank monetary stimulus is financialization, and the only possible output of financialization is unprecedented wealth and income inequality.

The global financial system is in the eye of an unprecedented hurricane. While central bankers are congratulating themselves on their god-like mastery of Nature, and secretly praying to the idols of the Keynesian Cargo Cult every night, the inevitable consequence of borrowing from the future, the obsession with “growth” at any cost and financialization /monetary stimulus, a.k.a. the rich get richer thanks to central banks is systemic collapse.

Don’t fall for the mainstream media and politicos’ shuck-and-jive that all is well and “growth” will return any day now. The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality.

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Your brain is not a computer


aeon

The empty brain

Your brain does not process information, retrieve knowledge or store memories. In short: your brain is not a computer

by Robert Epstein

No matter how hard they try, brain scientists and cognitive psychologists will never find a copy of Beethoven’s 5th Symphony in the brain – or copies of words, pictures, grammatical rules or any other kinds of environmental stimuli. The human brain isn’t really empty, of course. But it does not contain most of the things people think it does – not even simple things such as ‘memories’.

Our shoddy thinking about the brain has deep historical roots, but the invention of computers in the 1940s got us especially confused. For more than half a century now, psychologists, linguists, neuroscientists and other experts on human behaviour have been asserting that the human brain works like a computer.

To see how vacuous this idea is, consider the brains of babies. Thanks to evolution, human neonates, like the newborns of all other mammalian species, enter the world prepared to interact with it effectively. A baby’s vision is blurry, but it pays special attention to faces, and is quickly able to identify its mother’s. It prefers the sound of voices to non-speech sounds, and can distinguish one basic speech sound from another. We are, without doubt, built to make social connections.

A healthy newborn is also equipped with more than a dozen reflexes – ready-made reactions to certain stimuli that are important for its survival. It turns its head in the direction of something that brushes its cheek and then sucks whatever enters its mouth. It holds its breath when submerged in water. It grasps things placed in its hands so strongly it can nearly support its own weight. Perhaps most important, newborns come equipped with powerful learning mechanisms that allow them to change rapidly so they can interact increasingly effectively with their world, even if that world is unlike the one their distant ancestors faced.

Senses, reflexes and learning mechanisms – this is what we start with, and it is quite a lot, when you think about it. If we lacked any of these capabilities at birth, we would probably have trouble surviving.

But here is what we are not born with: information, data, rules, software, knowledge, lexicons, representations, algorithms, programs, models, memories, images, processors, subroutines, encoders, decoders, symbols, or buffers – design elements that allow digital computers to behave somewhat intelligently. Not only are we not born with such things, we also don’t develop them – ever.

We don’t store words or the rules that tell us how to manipulate them. We don’t create representations of visual stimuli, store them in a short-term memory buffer, and then transfer the representation into a long-term memory device. We don’t retrieve information or images or words from memory registers. Computers do all of these things, but organisms do not.

Computers, quite literally, process information – numbers, letters, words, formulas, images. The information first has to be encoded into a format computers can use, which means patterns of ones and zeroes (‘bits’) organised into small chunks (‘bytes’). On my computer, each byte contains 8 bits, and a certain pattern of those bits stands for the letter d, another for the letter o, and another for the letter g. Side by side, those three bytes form the word dog. One single image – say, the photograph of my cat Henry on my desktop – is represented by a very specific pattern of a million of these bytes (‘one megabyte’), surrounded by some special characters that tell the computer to expect an image, not a word.

Computers, quite literally, move these patterns from place to place in different physical storage areas etched into electronic components. Sometimes they also copy the patterns, and sometimes they transform them in various ways – say, when we are correcting errors in a manuscript or when we are touching up a photograph. The rules computers follow for moving, copying and operating on these arrays of data are also stored inside the computer. Together, a set of rules is called a ‘program’ or an ‘algorithm’. A group of algorithms that work together to help us do something (like buy stocks or find a date online) is called an ‘application’ – what most people now call an ‘app’.

Forgive me for this introduction to computing, but I need to be clear: computers really do operate on symbolic representations of the world. They really store and retrieve. They really process. They really have physical memories. They really are guided in everything they do, without exception, by algorithms.

Humans, on the other hand, do not – never did, never will. Given this reality, why do so many scientists talk about our mental life as if we were computers?

In his book In Our Own Image (2015), the artificial intelligence expert George Zarkadakis describes six different metaphors people have employed over the past 2,000 years to try to explain human intelligence.

In the earliest one, eventually preserved in the Bible, humans were formed from clay or dirt, which an intelligent god then infused with its spirit. That spirit ‘explained’ our intelligence – grammatically, at least.

The invention of hydraulic engineering in the 3rd century BCE led to the popularity of a hydraulic model of human intelligence, the idea that the flow of different fluids in the body – the ‘humours’ – accounted for both our physical and mental functioning. The hydraulic metaphor persisted for more than 1,600 years, handicapping medical practice all the while.

By the 1500s, automata powered by springs and gears had been devised, eventually inspiring leading thinkers such as René Descartes to assert that humans are complex machines. In the 1600s, the British philosopher Thomas Hobbes suggested that thinking arose from small mechanical motions in the brain. By the 1700s, discoveries about electricity and chemistry led to new theories of human intelligence – again, largely metaphorical in nature. In the mid-1800s, inspired by recent advances in communications, the German physicist Hermann von Helmholtz compared the brain to a telegraph.

The mathematician John von Neumann stated flatly that the function of the human nervous system is ‘prima facie digital’, drawing parallel after parallel between the components of the computing machines of the day and the components of the human brain

Each metaphor reflected the most advanced thinking of the era that spawned it. Predictably, just a few years after the dawn of computer technology in the 1940s, the brain was said to operate like a computer, with the role of physical hardware played by the brain itself and our thoughts serving as software. The landmark event that launched what is now broadly called ‘cognitive science’ was the publication of Language and Communication (1951) by the psychologist George Miller. Miller proposed that the mental world could be studied rigorously using concepts from information theory, computation and linguistics.

This kind of thinking was taken to its ultimate expression in the short book The Computer and the Brain (1958), in which the mathematician John von Neumann stated flatly that the function of the human nervous system is ‘prima facie digital’. Although he acknowledged that little was actually known about the role the brain played in human reasoning and memory, he drew parallel after parallel between the components of the computing machines of the day and the components of the human brain.

Propelled by subsequent advances in both computer technology and brain research, an ambitious multidisciplinary effort to understand human intelligence gradually developed, firmly rooted in the idea that humans are, like computers, information processors. This effort now involves thousands of researchers, consumes billions of dollars in funding, and has generated a vast literature consisting of both technical and mainstream articles and books. Ray Kurzweil’s book How to Create a Mind: The Secret of Human Thought Revealed (2013), exemplifies this perspective, speculating about the ‘algorithms’ of the brain, how the brain ‘processes data’, and even how it superficially resembles integrated circuits in its structure.

The information processing (IP) metaphor of human intelligence now dominates human thinking, both on the street and in the sciences. There is virtually no form of discourse about intelligent human behaviour that proceeds without employing this metaphor, just as no form of discourse about intelligent human behaviour could proceed in certain eras and cultures without reference to a spirit or deity. The validity of the IP metaphor in today’s world is generally assumed without question.

But the IP metaphor is, after all, just another metaphor – a story we tell to make sense of something we don’t actually understand. And like all the metaphors that preceded it, it will certainly be cast aside at some point – either replaced by another metaphor or, in the end, replaced by actual knowledge.

Just over a year ago, on a visit to one of the world’s most prestigious research institutes, I challenged researchers there to account for intelligent human behaviour without reference to any aspect of the IP metaphor. They couldn’t do it, and when I politely raised the issue in subsequent email communications, they still had nothing to offer months later. They saw the problem. They didn’t dismiss the challenge as trivial. But they couldn’t offer an alternative. In other words, the IP metaphor is ‘sticky’. It encumbers our thinking with language and ideas that are so powerful we have trouble thinking around them.

The faulty logic of the IP metaphor is easy enough to state. It is based on a faulty syllogism – one with two reasonable premises and a faulty conclusion. Reasonable premise #1: all computers are capable of behaving intelligently. Reasonable premise #2: all computers are information processors. Faulty conclusion: all entities that are capable of behaving intelligently are information processors.

Setting aside the formal language, the idea that humans must be information processors just because computers are information processors is just plain silly, and when, some day, the IP metaphor is finally abandoned, it will almost certainly be seen that way by historians, just as we now view the hydraulic and mechanical metaphors to be silly.

If the IP metaphor is so silly, why is it so sticky? What is stopping us from brushing it aside, just as we might brush aside a branch that was blocking our path? Is there a way to understand human intelligence without leaning on a flimsy intellectual crutch? And what price have we paid for leaning so heavily on this particular crutch for so long? The IP metaphor, after all, has been guiding the writing and thinking of a large number of researchers in multiple fields for decades. At what cost?

In a classroom exercise I have conducted many times over the years, I begin by recruiting a student to draw a detailed picture of a dollar bill – ‘as detailed as possible’, I say – on the blackboard in front of the room. When the student has finished, I cover the drawing with a sheet of paper, remove a dollar bill from my wallet, tape it to the board, and ask the student to repeat the task. When he or she is done, I remove the cover from the first drawing, and the class comments on the differences.

Because you might never have seen a demonstration like this, or because you might have trouble imagining the outcome, I have asked Jinny Hyun, one of the student interns at the institute where I conduct my research, to make the two drawings. Here is her drawing ‘from memory’ (notice the metaphor):

And here is the drawing she subsequently made with a dollar bill present:

Jinny was as surprised by the outcome as you probably are, but it is typical. As you can see, the drawing made in the absence of the dollar bill is horrible compared with the drawing made from an exemplar, even though Jinny has seen a dollar bill thousands of times.

What is the problem? Don’t we have a ‘representation’ of the dollar bill ‘stored’ in a ‘memory register’ in our brains? Can’t we just ‘retrieve’ it and use it to make our drawing?

Obviously not, and a thousand years of neuroscience will never locate a representation of a dollar bill stored inside the human brain for the simple reason that it is not there to be found.

The idea that memories are stored in individual neurons is preposterous: how and where is the memory stored in the cell?

A wealth of brain studies tells us, in fact, that multiple and sometimes large areas of the brain are often involved in even the most mundane memory tasks. When strong emotions are involved, millions of neurons can become more active. In a 2016 study of survivors of a plane crash by the University of Toronto neuropsychologist Brian Levine and others, recalling the crash increased neural activity in ‘the amygdala, medial temporal lobe, anterior and posterior midline, and visual cortex’ of the passengers.

The idea, advanced by several scientists, that specific memories are somehow stored in individual neurons is preposterous; if anything, that assertion just pushes the problem of memory to an even more challenging level: how and where, after all, is the memory stored in the cell?

So what is occurring when Jinny draws the dollar bill in its absence? If Jinny had never seen a dollar bill before, her first drawing would probably have not resembled the second drawing at all. Having seen dollar bills before, she was changed in some way. Specifically, her brain was changed in a way that allowed her to visualise a dollar bill – that is, to re-experience seeing a dollar bill, at least to some extent.

The difference between the two diagrams reminds us that visualising something (that is, seeing something in its absence) is far less accurate than seeing something in its presence. This is why we’re much better at recognising than recalling. When we re-member something (from the Latin re, ‘again’, and memorari, ‘be mindful of’), we have to try to relive an experience; but when we recognise something, we must merely be conscious of the fact that we have had this perceptual experience before.

Perhaps you will object to this demonstration. Jinny had seen dollar bills before, but she hadn’t made a deliberate effort to ‘memorise’ the details. Had she done so, you might argue, she could presumably have drawn the second image without the bill being present. Even in this case, though, no image of the dollar bill has in any sense been ‘stored’ in Jinny’s brain. She has simply become better prepared to draw it accurately, just as, through practice, a pianist becomes more skilled in playing a concerto without somehow inhaling a copy of the sheet music.

From this simple exercise, we can begin to build the framework of a metaphor-free theory of intelligent human behaviour – one in which the brain isn’t completely empty, but is at least empty of the baggage of the IP metaphor.

As we navigate through the world, we are changed by a variety of experiences. Of special note are experiences of three types: (1) we observe what is happening around us (other people behaving, sounds of music, instructions directed at us, words on pages, images on screens); (2) we are exposed to the pairing of unimportant stimuli (such as sirens) with important stimuli (such as the appearance of police cars); (3) we are punished or rewarded for behaving in certain ways.

We become more effective in our lives if we change in ways that are consistent with these experiences – if we can now recite a poem or sing a song, if we are able to follow the instructions we are given, if we respond to the unimportant stimuli more like we do to the important stimuli, if we refrain from behaving in ways that were punished, if we behave more frequently in ways that were rewarded.

Misleading headlines notwithstanding, no one really has the slightest idea how the brain changes after we have learned to sing a song or recite a poem. But neither the song nor the poem has been ‘stored’ in it. The brain has simply changed in an orderly way that now allows us to sing the song or recite the poem under certain conditions. When called on to perform, neither the song nor the poem is in any sense ‘retrieved’ from anywhere in the brain, any more than my finger movements are ‘retrieved’ when I tap my finger on my desk. We simply sing or recite – no retrieval necessary.

A few years ago, I asked the neuroscientist Eric Kandel of Columbia University – winner of a Nobel Prize for identifying some of the chemical changes that take place in the neuronal synapses of the Aplysia (a marine snail) after it learns something – how long he thought it would take us to understand how human memory works. He quickly replied: ‘A hundred years.’ I didn’t think to ask him whether he thought the IP metaphor was slowing down neuroscience, but some neuroscientists are indeed beginning to think the unthinkable – that the metaphor is not indispensable.

A few cognitive scientists – notably Anthony Chemero of the University of Cincinnati, the author of Radical Embodied Cognitive Science (2009) – now completely reject the view that the human brain works like a computer. The mainstream view is that we, like computers, make sense of the world by performing computations on mental representations of it, but Chemero and others describe another way of understanding intelligent behaviour – as a direct interaction between organisms and their world.

My favourite example of the dramatic difference between the IP perspective and what some now call the ‘anti-representational’ view of human functioning involves two different ways of explaining how a baseball player manages to catch a fly ball – beautifully explicated by Michael McBeath, now at Arizona State University, and his colleagues in a 1995 paper in Science. The IP perspective requires the player to formulate an estimate of various initial conditions of the ball’s flight – the force of the impact, the angle of the trajectory, that kind of thing – then to create and analyse an internal model of the path along which the ball will likely move, then to use that model to guide and adjust motor movements continuously in time in order to intercept the ball.

That is all well and good if we functioned as computers do, but McBeath and his colleagues gave a simpler account: to catch the ball, the player simply needs to keep moving in a way that keeps the ball in a constant visual relationship with respect to home plate and the surrounding scenery (technically, in a ‘linear optical trajectory’). This might sound complicated, but it is actually incredibly simple, and completely free of computations, representations and algorithms.

We will never have to worry about a human mind going amok in cyberspace, and we will never achieve immortality through downloading

Two determined psychology professors at Leeds Beckett University in the UK – Andrew Wilson and Sabrina Golonka – include the baseball example among many others that can be looked at simply and sensibly outside the IP framework. They have been blogging for years about what they call a ‘more coherent, naturalised approach to the scientific study of human behaviour… at odds with the dominant cognitive neuroscience approach’. This is far from a movement, however; the mainstream cognitive sciences continue to wallow uncritically in the IP metaphor, and some of the world’s most influential thinkers have made grand predictions about humanity’s future that depend on the validity of the metaphor.

One prediction – made by the futurist Kurzweil, the physicist Stephen Hawking and the neuroscientist Randal Koene, among others – is that, because human consciousness is supposedly like computer software, it will soon be possible to download human minds to a computer, in the circuits of which we will become immensely powerful intellectually and, quite possibly, immortal. This concept drove the plot of the dystopian movie Transcendence (2014) starring Johnny Depp as the Kurzweil-like scientist whose mind was downloaded to the internet – with disastrous results for humanity.

Fortunately, because the IP metaphor is not even slightly valid, we will never have to worry about a human mind going amok in cyberspace; alas, we will also never achieve immortality through downloading. This is not only because of the absence of consciousness software in the brain; there is a deeper problem here – let’s call it the uniqueness problem – which is both inspirational and depressing.

Because neither ‘memory banks’ nor ‘representations’ of stimuli exist in the brain, and because all that is required for us to function in the world is for the brain to change in an orderly way as a result of our experiences, there is no reason to believe that any two of us are changed the same way by the same experience. If you and I attend the same concert, the changes that occur in my brain when I listen to Beethoven’s 5th will almost certainly be completely different from the changes that occur in your brain. Those changes, whatever they are, are built on the unique neural structure that already exists, each structure having developed over a lifetime of unique experiences.

This is why, as Sir Frederic Bartlett demonstrated in his book Remembering (1932), no two people will repeat a story they have heard the same way and why, over time, their recitations of the story will diverge more and more. No ‘copy’ of the story is ever made; rather, each individual, upon hearing the story, changes to some extent – enough so that when asked about the story later (in some cases, days, months or even years after Bartlett first read them the story) – they can re-experience hearing the story to some extent, although not very well (see the first drawing of the dollar bill, above).

This is inspirational, I suppose, because it means that each of us is truly unique, not just in our genetic makeup, but even in the way our brains change over time. It is also depressing, because it makes the task of the neuroscientist daunting almost beyond imagination. For any given experience, orderly change could involve a thousand neurons, a million neurons or even the entire brain, with the pattern of change different in every brain.

Worse still, even if we had the ability to take a snapshot of all of the brain’s 86 billion neurons and then to simulate the state of those neurons in a computer, that vast pattern would mean nothing outside the body of the brain that produced it. This is perhaps the most egregious way in which the IP metaphor has distorted our thinking about human functioning. Whereas computers do store exact copies of data – copies that can persist unchanged for long periods of time, even if the power has been turned off – the brain maintains our intellect only as long as it remains alive. There is no on-off switch. Either the brain keeps functioning, or we disappear. What’s more, as the neurobiologist Steven Rose pointed out in The Future of the Brain (2005), a snapshot of the brain’s current state might also be meaningless unless we knew the entire life history of that brain’s owner – perhaps even about the social context in which he or she was raised.

Think how difficult this problem is. To understand even the basics of how the brain maintains the human intellect, we might need to know not just the current state of all 86 billion neurons and their 100 trillion interconnections, not just the varying strengths with which they are connected, and not just the states of more than 1,000 proteins that exist at each connection point, but how the moment-to-moment activity of the brain contributes to the integrity of the system. Add to this the uniqueness of each brain, brought about in part because of the uniqueness of each person’s life history, and Kandel’s prediction starts to sound overly optimistic. (In a recent op-ed in The New York Times, the neuroscientist Kenneth Miller suggested it will take ‘centuries’ just to figure out basic neuronal connectivity.)

Meanwhile, vast sums of money are being raised for brain research, based in some cases on faulty ideas and promises that cannot be kept. The most blatant instance of neuroscience gone awry, documented recently in a report in Scientific American, concerns the $1.3 billion Human Brain Project launched by the European Union in 2013. Convinced by the charismatic Henry Markram that he could create a simulation of the entire human brain on a supercomputer by the year 2023, and that such a model would revolutionise the treatment of Alzheimer’s disease and other disorders, EU officials funded his project with virtually no restrictions. Less than two years into it, the project turned into a ‘brain wreck’, and Markram was asked to step down.

We are organisms, not computers. Get over it. Let’s get on with the business of trying to understand ourselves, but without being encumbered by unnecessary intellectual baggage. The IP metaphor has had a half-century run, producing few, if any, insights along the way. The time has come to hit the DELETE key.

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Fed Up with the Fed


…this of course is not only peculiar to the US, but across the entire world where the central banks are printing useless paper, or fiat money if you prefer.


oftwominds

by Charles Hugh Smith

Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets–it’s crippled the entire economy.

Is anyone else fed up with the Federal Reserve? To paraphrase Irving Fisher’s famous quote about the stock market just before it crashed in 1929, we’ve reached a permanently high plateau of Fed mismanagement, Fed worship and Fed failure.

The only legitimate role for a central bank is to provide emergency liquidity in financial panics to creditworthy borrowers. Once the bad debt (credit extended to failed enterprises and uncreditworthy borrowers) is written off, the system resets as asset valuations adjust to reality–how ever unpleasant that might be for the credulous participants who believed the ever-present permanently high plateau shuck and jive.

Just to state the obvious: Fed policies are not just insane, they’re destructive:

— Bringing future sales/demand forward by lowering interest rates to zero just digs a gigantic hole in future sales/demand. Funny thing, the future eventually becomes the present, and instead of a brief recession of low demand we get an extended recession of weak demand and over-indebted households and enterprises.

— Enabling massive systemic speculation by those closest to the Fed’s money spigot is insane and destructive, as capital is no longer allocated on productive returns and risk but on the speculative gains to be reaped with the Fed’s free money for financiers

— Buying assets to artificially prop up markets completely distorts the markets’ ability to price assets based on real returns and real risk.

Manipulating interest rates creates a hall of mirrors economy in which nobody can possibly discover the real price and risk of borrowing money. What would mortgage rates be without the Fed and the federal housing agencies (Freddie and Fannie Mac and the FHA) pumping trillions of dollars of federally backed mortgages into the housing market?

Nobody knows, because the mortgage market in America has been effectively taken over by the central bank and state.

The Fed’s entire policy boils down to obscuring the real price of assets, credit and risk with a tsunami of debt. The Fed’s “solution” to the economy’s structural ills is: don’t worry about risk, valuation or costs–just borrow more money for whatever you want: new houses, vehicles, stock buy-backs, Brazilian bonds, worthless college degrees, it doesn’t matter: there’s plenty of credit for everything.

The only thing that matters is your proximity to the Fed money spigot. If you’re a poor student, you get a high-cost student loan from the Fed’s flood of credit. If you’re a corporation or fiancier, well, the sky’s the limit: how many billions do you want to borrow or skim for stock buybacks or speculative carry trades?

The Fed’s control of the machinery of obfuscating price and risk has made us all members of the Keynesian Cargo Cult. Now we all dance around the Fed’s idols, beseeching the Fed the save us from our financial sins. We study the tea leaves of the Fed’s announcements, and hold our breath lest the worst happen–gasp–the Fed might push interest rates up a quarter of a percent.

This is of course totally insane.

Destroying our ability to discover the real cost of assets, credit and risk has not just crippled the markets–it’s crippled the entire economy. Wake up, America, and stop worshipping the false gods of the Fed. The sooner we smash the Fed’s idols and strip away their power to enrich the few at the expense of the many, the better off we’ll be.

My new book is #2 on Kindle short reads -> politics and social science: Why Our Status Quo Failed and Is Beyond Reform ($3.95 Kindle ebook, $8.95 print edition) For more, please visit the book’s website.

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Benjamin Fulford 5-16-16 – “Chinese say gold only through White Dragon, Japanese resistance say Obama to be hit with “Kamikaze” in Hiroshima”


Benjamin Fulford

benjaminThe battle for the planet earth is raging on many fronts. The financial war remains the most important of these fronts. Here the Chinese military and the Dragon family behind them are now insisting gold will only be made available to the West if it goes through the White Dragon Foundation and is used to establish world peace, Chinese government sources say. We will talk more about this below but the other big development is that a hand written note was delivered to this writer that said “The Kamikaze will try to assassinate Bummer in Hiroshima.” The meaning is that a suicide bomber will try to kill US President Barack Obama when he visits Japan towards the end of this month.

Another intriguing, and possibly related, happening is that Japan’s national NHK broadcasting network put out a documentary stating that in 1944 a Japanese military airplane factory was hit with a pinpoint earthquake. Following this, US B29 bombers dropped leaflets saying “what shall we do to you next after the earthquake?” The seismograph of the 1944 earthquake is identical to the pattern seen in the earthquake swarm that was centered on Japanese military bases in Kyushu last month. Here is a link to the Japanese language NHK documentary about the earthquake attack.

The most likely technology being used for such attacks would be based on Nikola Tesla’s Oscillator

https://en.wikipedia.org/wiki/Tesla’s_oscillator

which was turned into a military secret by the US government in the 1930’s. The Japanese underground brought this documentary to our attention and say they will get their revenge for the latest earthquake attacks.

Russian sources, for their part, have forwarded detailed evidence of systematic killing of civilians by the Khazarian mafia in the Ukraine and elsewhere for the purpose of harvesting their organs for transplant. Some of the evidence is attached at the end of this week’s report. You can be sure the perpetrators of these crimes are being hunted.

The Khazarian mafia, desperate for a refuge from the ongoing purge, has temporarily succeeded in overthrowing the popularly elected Brazilian President Dilma Rousseff. The new government of criminals has already set about “privatizing” (looting) large sections of the economy. You can be sure the battle of Brazil is not over and the new kleptocratic government will not be stable or long lasting.

Khazarian Nazi faction senior honcho Henry Kissinger, who was not killed as Alexander Romanov of the illuminati wrongly informed us, was summoned to the Pentagon on May 9th, the date of Russia’s victory over Germany in World War 2, Pentagon sources say. There Kissinger was told…

…to inform his fellow Khazarian Mafiosi that they must let banks fail, stop stealing savings and pensions, cease using negative interest rates and that they must back the US dollar with gold. The May 9th date was chosen to symbolize US/Russian military cooperation in a message directed to the holders of the gold in Hong Kong, the Pentagon sources say.

The Chinese have reacted by, as mentioned above, offering at least 20,000 tons of gold at a 13% discount on the condition that, as mentioned before, 10% goes towards setting up a future planning agency while the other 3% is for commissions. The holders of the gold are the Chinese military who say they will not hand it over to either the Chinese communist government or to Chinese corporations. They say apart from the 20,000 tons, that has been refined into 99.99% pure 12.5 kilogram bars, there is a lot more gold still available but that it is in ingots of 60% gold and 40% copper and would need to be refined. The Chinese military report to the dragon family both CIA and Chinese government sources agree.

There are still people in the US military industrial complex who think the United States has no need to accept this offer and that now that they have taken over the Federal Reserve Board, they can print dollars to solve US problems. Republican Presidential Candidate Donald Trump is apparently one of them. On May 9th Trump said the following on CNN:

“People said I want to go and buy debt and default on debt – these people are crazy. This is the United States government. First of all, you never have to default because you print the money, I hate to tell you, okay? So there’s never a default.”

What Trump fails to understand is that while the United States can print all the money it wants to use domestically, foreigners are not going to accept unlimited dollars backed by nothing in exchange for their goods. The US has already defaulted as far is its foreign creditors are concerned. The recent failure on May 2nd of the US colony of Puerto Rico to make a 422 million dollar payment on its bonds was a de facto US government debt default. Unlike Japan’s government, which borrows from its own citizens, the US government relies of foreigners to keep it afloat. These foreigners, for good reason, no longer trust US paper. This is why it is necessary for the US to accept the very generous Chinese offer of gold to back their dollars. All they are asking for in exchange is world peace.

Since Trump is looking increasingly likely to become the next US president, he needs to get behind this offer if the US is to avoid catastrophic economic collapse. The US cannot print its way out of its international obligations.

In any case, the US military industrial complex is increasingly gravitating towards Trump. Last week “Bush consigliere Jim Baker broke ranks with Bushes and met with Trump,” Pentagon sources say. He has joined Dick Cheney in the pack of rats abandoning the sinking Khazarian Nazi ship.

It is probably too late for these rats to get full immunity for their past crimes. Last week former CIA Director George Tenet went public with information that both George Bush Jr. and Cheney ignored repeated warnings before September 11th, 2001 that the US was going to be attacked.

http://www.blacklistednews.com/Ex-CIA_Chief%3A_Bush_and_Cheney_Knew_911_Was_Imminent%2C_Concealed_Intelligence/51150/0/38/38/Y/M.html

The role of Bush family flunkies, i.e. Saudi government officials, in that attack is now also being made public in newspapers all around the world.

The Saudis, fearing serious penalties for their role in 911 and for financing so-called Islamic terrorism, are rushing to China in hope of finding a new big brother to protect them. That is why the Saudis have offered to sell the Saudi state oil company to the Chinese. They would rather sell it to the Chinese than have it confiscated by the Americans. That is also why the Gulf petro-monarchies have said they will side with China against the US in any dispute over South China Sea islands.

http://sputniknews.com/asia/20160513/1039583944/arab-states-china.html

The Chinese, however, have also been victims of Saudi mischief and are not about to fight the US military to protect a clan of camel rustlers turned petro-trillionaires. This is especially true because they know the Saudis are not real Muslims but are instead Satan worshipping Khazarians. The Saudis are going to have to pay for their crimes against the people of the world, there is no other choice for them.

The Satan worshipping Khazarians in the US and Europe are also are in deep trouble now that their TTIP trade agreement with Europe is doomed. The TTIP was supposed to protect them from prosecutions and from having to pay cheated investors so, without it the Khazarian banks “are toast,” the Pentagon sources say.

The shadow banking world of hedge funds is also suffering huge losses because they are no longer getting inside information from the Federal Reserve Board. The dysfunctional state of the stock and foreign exchange markets has also caused investors with real money to avoid these markets. “Investors are stewards of other people’s money and they don’t want to allocate capital to a pyramid scheme,” is how Brean Capital’s Russ Certo described the newfound sense of morality (fear of retribution) in the financial markets.

http://www.zerohedge.com/news/2016-05-15/global-negative-feedback-loop-why-investors-are-fleeing-capital-markets

The pyramid scheme he is referring to is central banks using fiat money to prop up stock and bond markets. In other words more and more people in the financial markets are realizing they very well indeed may be imprisoned on racketeering charges if they continue with business as usual.

To conclude this week’s report, please find attached below raw intelligence from the Russians that illustrates just how evil the Khazarian mafia is and why we need to destroy this scourge once and for all.


Benjamin! Dear Benjamin. Friends, Urgent information!!! Ukrainian Genocide! Mikheil Saakashvili, and his wife Sandra Roelofs are leading this genocide…
Nina Sidorova

Кто и для чего организовал войну на Украине. Признание сотрудника СБУ. Размножить! [Who and what is organized war in the Ukraine. Recognition of the SBU. Ripple!]

СМОТРИТЕ САМОЕ СВЕЖЕЕ ВИДЕО Подписывайтесь на наш канал новости, новости1, новости крыма, украинские новости, новости одессы, новости молдовы, российские новости, новости 24, novosti, политика [SEE MOST FRESH VIDEO Subscribe to our feed news novosti1, news Crimea, Ukrainian news, news of Odessa, news Moldova, the Russian news, news 24, Novosti, policy]
00:09:39

 

Benjamin, Dear,

Below is more detailed information. Thank you, Dear, for your wonderful service to humanity.
You know how much people love You.

Nina,
Your Friend!

We The People! Friends! Americans!
Please, watch a video and read below a transcript of the testimony of a SBU agent of Ukraine (SBU– Security Service of Ukraine) who describes genocide of murdering people in Ukraine and Donbass by harvesting human organs from alive people, including children and women, by a group of criminal doctors, politicians and SBU agents.
Who and Why organized a War in Ukraine
The Recognition of the SBU Agent
Кто и для чего организовал войну на Украине. Признание сотрудника СБУ.

The SBU agent explained that the criminal gang that commits genocide by harvesting human organs from alive people, including children, and by selling these human organs to Israel and other Western counties, led by Mikheil Saakashvili, and his Dutch wife, Sandra Roelofs.

Mikheil Saakashvili is the current Governor of Ukraine’s Odessa Oblast (region), and he was the third President of Georgia for two consecutive terms from 25 January 2004 to 17 November 2013.

Please, watch in this video mass graves of the murdered civilians and soldiers, photos of the organs that were taken from them, the rooms where human bodies of murdered people were dumped, and the photos of the criminals who have participated in genocide of the people of Ukraine and Donbass (Novorossya).
Below of the transcript, I placed:
1. Benjamin Fulford – Full Report – May 9, 2016

http://www.stage2omega.com/benjamin-fulford-full-report-may-9-2016/

Major movement on multiple fronts including US regime change and serious political turmoil in China

Benjamin explains in his report about “…a joint US/Russian operation against the Satanic Khazarian mafia, Pentagon and other sources say. The realization that hundreds of thousands of children are being butchered by the Khazarians in the US, the Ukraine and elsewhere.”

The testimony of the SBU agent that I offer to you to watch on the video and to read is one more evidence of the crimes committed against children by The World’s largest Crime Syndicate, also, known in the USA as
· Khazarian Mafia (KM)
· Rothschild’s Jewish Mafia
· The World’s largest anti-Human Parasite

2. Benjamin Fulford provides in his report a link to the article, Spare Parts, which is an additional evidence that supports a testimony of a SBU agent about the genocide of Ukrainian people.

http://82.221.129.208/ifyouareinamericayouprobablycantseethisw9.html
“Here is the reason why: BUSTED: 25,000 Ukranian children were used for spare parts in the Israeli organ harvesting program.

From MX22

“An international Israeli conspiracy to kidnap children and harvest their organs is gathering momentum as another shocking story divulges Tel Aviv’s plot to import Ukrainian children and harvest their organs.

The story brings to light the fact that Israel has brought some 25,000 Ukrainian children into the occupied entity over the past two years in order to harvest their organs. It cites a Ukrainian man’s fruitless search for 15 children who had been adopted in Israel. The children had clearly been taken by Israeli medical centers, where they were used for ’spare parts’.”

Dear Friends, please, forgive me for possible grammar mistakes. I am under attack of the Khazarian Mafia, whose mercenaries commit regularly cyber-attacks on my laptops, and I will explain to you later that only three weeks ago the seventh attempt to murder me was committed by Israeli criminals…

I still feel weak, but I survived. God saved me again… Some of my friends know that these Khazarian criminals, its mercenaries, and corrupted agents of the Fusion Centers of Northern California committed against me more than 128 criminal offenses since 2010. These criminal offenses were registered in police and the FBI. This is what I faced from Khazarian Mafia because of my assistance and help to low-income tenants of California.

With my blessings to each of you,
Nina Sidorova,
President of the Northern California Tenant Association

The Transcript of the testimony of a SBU agent of Ukraine translated into English on the best of my ability.

Who and Why organized a War in Ukraine
The Recognition of the SBU Agent

https://www.youtube.com/watch?v=JFVkLkFi0IY

0:22, The person in this video states that he is a SBU agent of Ukraine (SBU– Security Service of Ukraine). In December 2014, he was sent to Donbass (Novorossya), zona ATO (ЗонаАТО) with a medical group. The medical group called, The Group of Emergency and Intensive Care.

He states that they were trained for two weeks in the city of Kramatosrk (Краматорск), after which they were connected to a group of medical doctors. They received new Western medical equipment and new weapons. He explains that Col. Michenko of SBU explained to them that many soldiers want to donate their organs after their death, and the relatives of these soldiers would receive money for the organs that would be taken from the dead soldiers. However, he witnessed later that the organs were taken from alive people, including civilians–children and women.

For each person from whom the organs were taken, this SBU agent received $170.
The SBU agent states a few times during his testimony that not only internal organs such as kidneys, liver or spleens were taken from alive children, women and soldiers, but also people’s eyes, skin, bones, etc.

2:24, The professional transplantologist, Elisabeth Debruk, a citizen of Holland, required other criminals, working with her, to take organs from alive people without their permissions. Very often, she took organs from civilians, including children. For 5 or 7 minutes, Elisabeth Debruk could take couple of kidneys or other kinds of organs from an easy wounded soldier who was not heavily wounded, or from civilians. Elisabeth Debruk packed these organs in special containers and gave to SBU agents these organs to send these organs to a wife of Mikheil Saakashvili, (Гражданин Грузии и Украины М. Сукашвилли), Sandra Roelofs.

The SBU agent mentioned in his testimony City of Kramatorsk and City of Debalchevo (Donbass). He said that many organs were taken from people from sector С (Сектор Ц) near these cities.

The SBU agent explains that only for one day in February 2015 from one place where he worked with Elisabeth Debruk, they took and sent 23 (twenty three) pairs of human kidneys, livers and spleens.

3:13, The agent said that corps of the people from whom organs were taken were put on tracks and brought to the City of Artemovsk where other people of this group already prepared mass graves for murdered people.

He said our Generals and we earned a lot of money, working in Debalchevo and harvesting human organs.

4:17, The SBU agent said that he knows English well, and he witnessed how Elisabeth Debruk was talking with a wife of Mikheil Saakashvili– Sandra Roelofs who called her from Europe and who asked her to increase the number of removed organs and the quality of the organs. Sandra Roelofs was a real boss who guided this group and who ordered taking human organs from alive people of Ukraine and Donbass.

Sandra Roelofs told to this SBU agent that if he would face any problems with harvesting human organs, he need to contact Col. Vladimir Michenko, and if he would face serious problems, he should contact Vice Director of Ukrainian SBU General Alexander. (SBU– Security Service of Ukraine).

4:41, This agent testifies that everything was changed after Mikheil Saakashvili (Гражданин Грузии и Украины М. Сукашвилли), visited this place in Ukraine (Donbass) where the criminal group of medical doctors and SBU agents committed crimes of murdering people and taking from them their organs. Col. Michenko required this SBU agent to accompany Saakashvili on April 22, 2015.

Elisabeth Debruk attended all of the meetings with Saakashvili in the City of Kramatosrk and City of Lisichansk (Donbass).

Mikheil Saakashvili praised the doctors and SBU agents for harvesting human organs, and he told them that their salaries will be increased. Saakashvili called human organs “products”, and he required increasing delivery of the “products”.

5:40, “After Mikheil Saakashvili left, everything went by the devil way”, said a SBU agent. He said that murderings of people have increased dramatically. The victims, from whom organs were taken, were buried in mass graves, and he witnessed that these murdered people were declared in SBU’s documents as missing people. The relatives of these soldiers did not receive any money, and they were told that their sons and husbands were missing.

5:50, When fighting was stopped (during truce), Sandra Roelofs, a wife of Mikheil Saakashvili, started calling almost each day, requiring to increase organs’ deliveries.
The SBU agent said that Elisabeth Debruk, Roman and Svetlana took organs from Ukrainian civilians, including children.

6:00, The SBU agent explains what happened near City Opasnoe (Опасное) in Ukraine (Donbass). He provided an example of the murders of civilians, including children. He explains that Elisabeth Debruk murdered a 12 years old girl who just lost her consciousness for a few minutes from the blast occurring near. Criminal Debruck (a citizen of Holland) took kidney and spleen from this 12 years old alive child. (Look at photos at 6:12). Debruk cut organs from a father of this girl, who was NOT wounded. The agent remember a name of a father of this girl (his name was Vladimir Layshevsky). The SBU agent remembered this name because he took his passport and gave to other agents. The mother of the girl was wounded, and she was sent to a hospital for complete removal of all of her organs.

When this SBU agent checked medical documents, he saw that these three people, including a 12 years old girl, were declared dead from a blast.

As I mention above, this SBU agent said a few times during his testimony that not only kidneys, livers, and spleens were taken from alive Ukrainians and Russians, but also people’s eyes, skin, bones, etc.

6:40, The SBU agent stated that he witnessed wild genocide of civilians that took place in Ukraine and Donbass. He was shocked even he participated in it. He would not be able to participate in this genocide anymore.

On June 4, 2015, he wrote a report of a resignation. He reported to his commander that wild genocide of the civilians and soldiers is taking place in Ukraine and Donbass. Col. Michenko asked him again why he signed his resignation. The SBU agent explained again that the wild genocide of civilians and soldiers is going on… He provided supporting evidence.

7:02, He was told that he should show the mass graves of the murdered civilians and soldiers from whom their organs were taken. Please, look at the photos of these graves and watch this part of the video.

This SBU agent was told to take a vacation and relax, after which he would be promoted.

7:08, The video shows how the mass graves of civilians and soldiers in the City of Artemovsk were opened. The professional doctors— eksgumators were sent to this place.

Only in one particular place, 132 (one hundred thirty two) corps of the murdered people were found. The people were murdered because their organs were taken from them. Four people in each gave. The SBU agent does not know where they brought the corps of the people after eksgumators took them from mass graves.
7:24, The SBU agent states that on June 11, 2015, he met General Alexander Radechky in Kiev. (Nina: Radechky is a Khazarian Jew).

General Radechky told him that this agent should take a vacation and relax, after which he would be promoted and become a major. However, when this agent left a general’s office, he was immediately attacked and arrested, after which SBU agents brought him to the basement of the SBU’s building.

Those who arrested this SBU agent showed him an order for his arrest for the falsification of the documents, and they requested him to sign an agreement to go to a mental hospital. They told that if he would not agree with a mental hospital, he would be in jail or would be murdered.

The SBU agent said, “Okay, I will go to a mental hospital.” He asked just to allow him to go to his house for one night, and he gave those who arrested him $300. It was all of the money he has with him.

7:52, He asked to bring him to his home for one night. The SBU agent promised to pay to those who arrested him $1000 to each of them if they would bring him home for one night before he would go to a mental hospital… When they brought him home, he gave $1000 to each of those who arrested him.

He testifies, “I am a professional intelligence officer, and this was not a problem for me to run away even somebody watched my house…”

8:18, The former Ukrainian SBU agent appeal to all of us… He shows videos and photos of mass graves and organs that were taken from alive people who were murdered. He showed video of criminals who have participated in genocide of civilians and soldiers in Ukraine and Donbass.

8:25, You can see on his videos the corps of people from whom their organs were taken. You can see the rooms where human bodies were dumped after the organs were taken from alive people and they were murdered.

8:33,The SBU agent said that he can show other mass graves of the people who were murdered because their organs were taken from them. He explains about mass graves near a village Chassovya (Часовья), in which were buried more than 97 (ninety-seven) people, from whom their organs were taken.

He stated that more than 20 (twenty) of these murdered people were civilians, children and women.

8:50, The SBU agent explains about a mass grave near City of Uglegorsk (Углегорск) where more than 30 (thirty) people were buried. He states that these people were murdered because their organs were taken from them.

9:01, He contacted WikiLeaks describing genocide of people of Ukraine and Donbass.

The SBU agent states one more time that criminal Mikheil Saakashvili (Гражданин Грузии и Украины М. Сукашвилли) and his Dutch wife, Sandra Roelofs, are those who are leading this genocidal business of murdering civilians, including children and women, and soldiers in order to take their organs, skin, eyes and bones and to sell.

9:00, The SBU agent said that he knows that he is guilty because he participated in this wild genocide. He says that he deserves severe punishment.
However, he would not give up, and he will do everything that he can in order to expose this Genocide and harvesting of organs from alive and healthy people of Ukraine and Donbass, including of harvesting of organs from children and women.

The SBU agent states that this Genocide did not stopped. The Genocide of people of Donbas (Novorossya) and Ukraine continues…

9:13, The SBU agent said his former coworker, Gennady Getman, was promoted, and he is now a leader of the medical group that murders alive people, including children by taking organs from alive people. He stated that Gennady Getman falsifies documents, declaring alive and healthy people as being dead, after which the criminal doctors take organs from these people, and the murdered people were buried in mass graves.

He said that any of the Ukrainians or people from Donbass could become victims of these murderers.

9:35, This repentant SBU agent appeals to all of us, asking to help him to stop this Genocide of People of Ukraine and people of Donbass!
Translated to the best of my ability,

Nina Sidorova,

President of the Northern California Tenant Association

Ukrainian kids, new victims of Israeli ‘organ theft’

https://mx22.wordpress.com/2009/12/03/25000-ukrainian-children-organs-havested-in-israel/

https://mx22.files.wordpress.com/2009/12/pirhayati20091203173709140-11.jpg?w=300&h=202

An international Israeli conspiracy to kidnap children and harvest their organs is gathering momentum as another shocking story divulges Tel Aviv’s plot to import Ukrainian children and harvest their organs.

The story brings to light the fact that Israel has brought some 25,000 Ukrainian children into the occupied entity over the past two years in order to harvest their organs. It cites a Ukrainian man’s fruitless search for 15 children who had been adopted in Israel. The children had clearly been taken by Israeli medical centers, where they were used for ‘spare parts’.

The account was unveiled five days ago by a Ukrainian philosophy professor and author, Vyacheslav Gudin, at a pseudo-academic conference in the Ukrainian capital, Kiev. Gudin told an estimated 300 attendees of the Kiev conference that it was essential that all Ukrainians be made aware of the genocide Israel was perpetrating.
The conference also featured two professors who presented a book blaming “the Zionists” for the Ukrainian famine of the 1930s, as well as the country’s current condition.

Meanwhile, Ukrainians demonstrated outside the Israeli Embassy in Kiev on Tuesday to protest a letter signed by 26 Knesset members (MKs) condemning what they described as anti-Semitic remarks by presidential candidate Sergey Ratushnyak. Protesters chanted ‘Ukraine isn’t the Gaza Strip,’ suggesting that they consider the effort by the Israeli MKs as an intervention in their country.

A story, published in the Arabic-language Algerian daily al-Khabar in September, reported that Interpol, the international police organization, has revealed the existence of ‘a Jewish gang’ that was ‘involved in the abduction of children from Algeria and trafficking of their organs.’

According to the story, bands of Moroccans and Algerians had been roaming the streets of Algerian cities in an attempt to hunt around for young children. They then trafficked the kids across the border into the neighboring Morocco.

The children were then sold to Israelis and American Jews in Oujda, the capital of eastern Morocco, for the purpose of organ harvest in Israel and the United States.

The story is based on statements made by Mustafa Khayatti, head of the Algerian National Committee for the Development of Health Research. Khayatti maintains that the abduction of children in Algeria is linked to arrests made in New York and New Jersey at the end of July, in which several Jewish men were among the 44 arrested in connection to an investigation into illegal organ trafficking and political corruption.
The story comes in line with the article published last month in Aftonbladet, Sweden’s largest circulation daily, suggesting that the Israeli army kidnapped and killed young Palestinians to harvest their organs. It shed light on the case of Bilal Ahmed Ghanem, a 19-year-old Palestinian man, who was shot dead in 1992 by Israeli forces in the West Bank village of Imatin.

Bostrom, who witnessed the man’s killing, said Ghanem’s body was abducted following the shooting and was returned at midnight, during an imposed curfew, several days later by the Israeli military with a cut from the stomach to the neck that had been stitched up.

Bostrom argued that an autopsy would be required if the cause of death was not apparent, while in this case it was clear that Bilal was shot dead.

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#1MDB – A Covert Grand Larceny


1MDB was created and designed by the PM and FM to do exactly what it did. It committed grand larceny abetted by the regulators themselves namely the Malaysian central bank BNM and international banksters namely the Goldman that sucks. 

Its that simple, plain and clear.

 


BusinessTimes

Did regulatory slips ‘enable’ the 1MDB scandal?

WITHIN the span of six years, 1Malaysia Development Bhd’s (1MDB) debt had ballooned 10 times to RM50 billion (S$17 billion) and its business deals are now the subject of probes in seven jurisdictions, including Singapore. Could the mammoth scandal around the state-backed fund have been averted?

The answer is “Yes”, given the events at the strategic investment firm from the outset, which ought to have set off alarm bells at various government agencies, regulatory authorities and financial institutions.

In fact, had there been vigilance and proper checks and balances in the first place, the 1MDB controversy could well have been nipped in the bud.

Barely three months after the firm was formed in February 2009 (it was then called Terengganu Investment Authority under the oil-rich state before it was taken over by the federal government), there were already tell-tale signs from the firm’s RM5 billion government-guaranteed sukuk bond issue, the first in a series of big debts 1MDB would pile on over the years.


The case that rocked Malaysia: 1MDB

Photo gallery and reports: http://business.asiaone.com/multimedia-gallery-iframe/26387/0


The manner in which the sukuk was issued should have raised a red flag. Despite a “no-go” from the board, management pushed through the issue anyway – at an unusual pricing not befitting the firm’s capital base.

No one took heed – not even after Terengganu state authorities raised serious concerns and signalled that the fundraising should be halted given certain improprieties; and not after the resignations of two prominent, high-profile individuals from the 1MDB board within a year of its inception.

What followed instead were several billion-dollar deals with joint-venture partners from the Middle East and big-scale buyouts in the energy and real estate space – all funded with more debt and risks which would in the firm’s short existence lead to crippling financial woes, shaken public trust in Malaysia’s leadership and highest institutions, marred the country’s international reputation, and, more recently, defaults on its bond payment.

All that could have been avoided if someone – be it from 1MDB’s board (past and present members, many of whom hold top posts in government-linked institutions) or the regulatory bodies – had spotted and acted on the irregularities in the original bond issue and, later, the hundreds of millions of dollars funnelled in and out of the country’s banking system.

Regulators abroad too should have been sharper to the warning signs. As it turned out, several financial institutions in Singapore, Switzerland and the United States are now mired in the 1MDB scandal.

Two weeks ago, the Malaysian finance ministry said it would take over the firm’s remaining assets and dissolve its advisory board, chaired by Prime Minister Najib Razak. The ministry (which is also headed by Mr Najib) has accepted the en bloc resignation of 1MDB’s board members. A new structure – albeit a skeletal one as the firm is set to be unwound – does little to mitigate the damage caused by the scandal. It will take a lot more (and a lot longer) for true closure. But at some point, regulators have to acknowledge that their indecision and tardiness in acting had unwittingly turned them into “enablers” of this controversy that has beset the country, its financial system, and its people.


This article was first published on May 18, 2016.

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