Max Keiser On Goldman Sachs And Fraud !

Has Noah’s Ark Been Found on Turkish Mountaintop?

• This looks like the real stuff. 
    
  THE remains of Noah’s Ark have been discovered 13,000ft up a Turkish mountain, it has been claimed.
  A group of Chinese and Turkish evangelical explorers say wooden remains they have discovered on Mount Ararat in eastern Turkey are the remains of Noah’s Ark. The group claims that carbon dating proves the relics are 4,800 years old, meaning they date to around the same time the ark was said to be afloat. Mt. Ararat has long been suspected as the final resting place of the craft by evangelicals and literalists hoping to validate biblical stories. 
   
  Yeung Wing-Cheung, from the Noah’s Ark Ministries International research team that made the discovery, said: “It’s not 100 percent that it is Noah’s Ark, but we think it is 99.9 percent that this is it.”  There have been several reported discoveries of the remains of Noah’s Ark over the years, most notably a find by archaeologist Ron Wyatt in 1987. At the time, the Turkish government officially declared a national park around his find, a boat-shaped object stretched across the mountains of Ararat.
   
  Nevertheless, the evangelical ministry remains convinced that the current find is in fact more likely to be the actual artifact, calling upon Dutch Ark researcher Gerrit Aalten to verify its legitimacy. 
   
  “The significance of this find is that for the first time in history the discovery of Noah’s Ark is well documented and revealed to the worldwide community,” Aalten said at a press conference announcing the find. Citing the many details that match historical accounts of the Ark, he believes it to be a legitimate archaeological discovery.
   
  “There’s a tremendous amount of solid evidence that the structure found on Mount Ararat in Eastern Turkey is the legendary Ark of Noah,” said Aalten. Representatives of Noah’s Ark Ministries said the structure contained several compartments, some with wooden beams, that they believe were used to house animals.The group of evangelical archaeologists ruled out an established human settlement on the grounds none have ever been found above 11,000 feet in the vicinity, Yeung said.
   
  During the press conference, team member Panda Lee described visiting the site. “In October 2008, I climbed the mountain with the Turkish team. At an elevation of more than 4,000 meters, I saw a structure built with plank-like timber. Each plank was about 8 inches wide. I could see tenons, proof of ancient construction predating the use of metal nails.”
   
  We walked about 100 meters to another site. I could see broken wood fragments embedded in a glacier, and some 20 meters long. I surveyed the landscape and found that the wooden structure was permanently covered by ice and volcanic rocks.” Local Turkish officials will ask the central government in Ankara to apply for UNESCO World Heritage status so the site can be protected while a major archaeological dig is conducted.
   
  The biblical story says that God decided to flood the Earth after seeing how corrupt it was. He then told Noah to build an ark and fill it with two of every animal species. After the flood waters receded, the Bible says, the ark came to rest on a mountain. Many believe that Mount Ararat, the highest point in the region, is where the ark and her inhabitants ran aground. 
  

  An explorer examines wooden beams inside what some are nearly certain is the remains of Noah's Ark. Noah’s Ark Ministries International

  

  Source: http://www.noahsarksearch.net/eng/

Source: http://www.noahsarksearch.net/eng/

Source: http://www.noahsarksearch.net/eng/

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Bernanke Admits Printing $1.3 Trillion Out Of Thin Air!

Don't you see the Illuminist pyramid and Satanic capstone on your dollar bill?

• The sheeple of the world still has not figured this out. Practically all central banks are privately owned. There is a secret Synagogue of Satan cabal that controls all major fiat currencies. Some say only 6-8 countries’ central banks are not privately owned. Chief amongst them: Iran and North Korea. Why do you think there is so much demonization of Iran? As for North Korea, president Kim is a madman.
   
• If the FedRes can just print money out of thin air, without any consequences, to buy junk MBS, why not go the whole hog? Heck, just print US$1M for every single American. Why not abolish the income tax and corporate tax? You need more money for wars? Just bring the suitcase to the FedRes building. Once you have collected your money, we can all have a photo taking session, grin foolishly and show the world how smart the FedRes is!
   
• The USD is toast! It is just that the sheeple are still waiting for the memo telling them that’s the case. By the time they see the memo, they will be bringing wheelbarrows of USD to buy breakfast. Helicopter Ben Bernanke will grin and say to them: ‘It’s a tough life! Get use to it!’ Do you smell a global monetary crisis?
   
  Bernanke Admits Printing $1.3 Trillion Out Of Thin Air
  Fed Chairman Ben Bernanke admitted the central bank created $1.3 trillion out of thin air to buy mortgage backed securities.  This shocking admission came from the Joint Economic Committee hearing on Capital Hill last week.  I was dumbfounded when I saw Bernanke shake his head in the affirmative as Representative Ron Paul said, “Well, where did you get the money? You created this money. So you did monetize debt, and that went into the banking system.”  I was amazed he admitted this.  I looked up the original hearing on C-Span to make sure the clip was not edited.  It was not.   
   
  What is even more shocking is I could not find a single mainstream news agency that covered this revelation.  Congress just finished voting on the bitterly contested Obama health care bill that is supposed to cost nearly a trillion dollars over ten years.  (Some contend it will be more than twice that amount.)  The mainstream media doesn’t even bat an eye over the Fed creating $1.3 trillion in a little more than a year to buy worthless debt no one else will touch.  I do not get it.  I guess we could have asked the Fed to print up a trillion dollars to pay for health care and avoided that drawn out battle in Congress. 
   
  Then, Rep. Paul brings up printing another $105 billion to bailout Greece.  Bernanke answers by saying, “. . . I think one of the agreements that the G20 leaders came up with was sort of a mutual commitment to put more money into the IMF as a way of addressing the financial crisis around the world. . .” Notice how Bernanke used the term “mutual commitment.”   I think what that really means is an agreement between all the G-20 nations of a “mutual debasement of their currencies.”  I think this is why gold has been rising in price around the globe.  I have been saying for months that we are going to have some very big inflation.  (Real inflation is already at 9.5% according to shadowstats.com.)  I wrote about this last November in a post called “The Fix Is In.”   
   
  I think Bernanke just opened the Fed playbook and revealed money will be printed to fix all financial problems.  I don’t think he’s even trying to hide it anymore.  Rep. Paul also brought up the big debt trouble coming soon with many, many bankrupt cities and states such as Los Angeles and California.  I think they will all be bailed out one way or another by the printing press.
     
  New York Fed President William Dudley seems to be on the same page as his boss.  Dudley recently said, “The fact that our foreign indebtedness is for the most part denominated in our own currency is a huge advantage in the event the dollar were to come under significant downward pressure.”  (Zero Hedge has a complete text of Dudley’s speech, click here)  Is Dudley making a not so subtle hint about devaluing the U.S. dollar?  Once again, I say yes.
   
  Anyone with a savings account or money market denominated in dollars should be terrified.  You have scrimped and saved only to have the Fed print money and devalue what you have worked so hard for! Inflation has been chosen for you by the Federal Reserve, and we the taxpayers can’t even audit its actions.  Below is the video from the Joint Economic Committee Hearing last week.  Watch for yourself Bernanke nod yes to printing $1.3 trillion:
   
  

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Greece’s Credit Rating Lowered To Junk Status! Portugal Cut To A- ! European Stock Markets Plunged!

• So, what happened to all the supporting statements from the EU and IMF about the bailout? Angela Merkel seems to be dragging her feet.  I am a little suspicious about the timing of this bond rating cut. The chief Mammon vampire squid Goldman Sachs is being grilled in  Congressional hearings. They look pretty bad: complicity in fraud and active defrauding of their own clients.
   
• This ‘event’ is most likely to provide cover for Goldman Vampire Sachs. All the MSM will deflect to the stock market and PIIGS sovereign debt meltdown. I suspect this will be a mini-meltdown, the stock market drop has driven the ‘useful idiots’ sheeple investors to buy up US bonds. Treasury auction is humongous this week: US$129B. This could be the other main reason.
   
  Bond rally steals Treasury’s thunder at 2-year sale
  (Reuters) – The U.S. government sold $44 billion of two-year debt on Tuesday in an auction that drew soft demand as the fiscal crisis in troubled euro zone countries sparked a rally in Treasuries prices that drove yields lower.
    
  The U.S. government sold $44 billion of two-year debt on Tuesday in an auction that drew soft demand as the fiscal crisis in troubled euro zone countries launched a rally in debt prices and drove yields lower. The auction was the second and biggest of four bond sales in this week’s record offering of $129 billion worth of coupon-paying securities and suffered from expensive pricing because of the run-up in Treasury prices.
   
• Why anyone would flee to US bonds when the Eurozone sovereign debt crisis is on the front burner beats me. Don’t they understand that the US has a larger debt problem? At such ridiculously low yields are bonds really attractive? Anyways, there are no lack of useful idiots.
   
• Gold has performed remarkably well while other commodities tanked. The Europeans are waking up and fleeing from their Euro and Sterling pound into gold. Gold is up about 1.3% despite a US dollar rally(actually more of a Euro, Sterling selloff). This is a no brainer: gold or fiat currencies(USD, EUD, UKP, JPY…)? Gold absolutely! No contest!
   
• This mini-meltdown will past and the sovereign debt crisis will continue to build, probably for another 12 months. The Illuminist cabal will detonate this sovereign debt bomb next year. So, expect a full-blown meltdown, economic collapse, global monetary crisis, financial system meltdown… in the coming 12 months. Even though my guestimation is 12 months before they pull the plug, please play it safe. They can plan and scheme all they want but they are not God. Things can spiral  out of control and all hell can break loose in a flash. In all this, remember: He who has the gold makes the rules! Don’t be a useful idiot!
   
  Cuts to Debt Rating Stir Anxiety in Europe
  FRANKFURT — Greece’s credit rating was lowered to junk status Tuesday by a leading credit agency, a decision that rocked financial markets and deepened fears that a debt crisis in Europe could spiral out of control. The ratings agency, Standard & Poor’s, downgraded Greece’s long-term and short-term debt to non-investment status and cautioned that investors who bought Greek bonds faced dwindling odds of getting their money back if Greece defaulted or went through a debt restructuring. The move came shortly after S.&P. reduced Portugal’s credit rating and warned that more downgrades were possible.
   
  The downgrades, announced near the end of trading in Europe, came amid rising political tensions across the Continent that had already punished Greek bonds and sent stock prices down sharply from London to Paris to New York. The Dow Jones industrial average slumped by 213.04 points to close at 10,991.99, a fall of 1.9 percent for the day; major indexes in Western Europe fell by 2.5 percent or more. Investors, worried about shock waves in the broader European economy, also migrated away from the euro and pushed the dollar and Treasury bonds higher. The euro slid to $1.3316 in afternoon trading in New York from $1.3382 late Tuesday.
   
  “This is a signal to the markets that the situation is deteriorating rapidly, and it’s not clear who’s in a position to stop the Greeks from going into a default situation,” said Edward Yardeni, president of Yardeni Research. “That creates a spillover effect into Portugal and Spain and raises the whole sovereign debt issue.” As transportation workers in Portugal and Greece went on strike against austerity measures Tuesday, the risk premium on Greece’s bonds set records even before S.&P. announced the downgrades.
   
  Investors were unsettled by perceptions that European leaders have not yet shown they can contain the fallout from Greece’s problems, as well as the political resistance in Germany to using taxpayer money for a rescue.
   
  “This thing is getting more and more urgent and tense,” said Robert Barrie, head of European economics at Credit Suisse in London. He said the markets could settle down once Greece manages to refinance €8.5 billion, or $11.2 billion, in bonds that mature in May. “But it’s anything but calm at the moment,” he added.
   
  Greece Bondholders May Lose $265 Billion as S&P Sees 70% Loss
  April 28 (Bloomberg) — Holders of Greek bonds may lose as much as 200 billion euros ($265 billion) should the government default, according to Standard & Poor’s. The ratings firm cut Greece three steps yesterday to BB+, or below investment grade, and said bondholders may recover only 30 percent and 50 percent for their investments if the nation fails to make debt payments. Europe’s most-indebted country relative to the size of its economy has about 296 billion euros of bonds outstanding, data compiled by Bloomberg show.
   
  The downgrade to junk status led investors to dump Greece’s bonds, driving yields on two-year notes to as high as 19 percent from 4.6 percent a month ago as concern deepened the nation may delay or reduce debt payments. Prime Minister George Papandreou is grappling with a budget deficit of almost 14 percent of gross domestic product. “It’s now not just market sentiment, but a top rating agency sees Greek paper as junk,” said Padhraic Garvey, head of investment-grade strategy at ING Groep NV in Amsterdam.
    … 
  Relative Ratings
  S&P’s reduction of Greece puts the nation’s debt on par with bonds issued by Azerbaijan and Egypt. Moody’s Investors Service rates Greece A3, while Fitch Ratings puts it at BBB-. The turmoil comes as European Union policy makers struggle to agree on measures to ease the panic over swelling budget deficits. Leaders of the 16 euro nations may hold a summit after the Greek government’s decision last week to tap a 45 billion- euro emergency-aid package failed to reassure investors, a European diplomat and Spanish official said.
   
  German Chancellor Angela Merkel said she won’t release funds for the indebted nation until its government has a “sustainable” plan to reduce the deficit. S&P indicated the cuts, which may force investors who are prevented from owning anything but investment-grade rated bonds to sell, may not be over, assigning Greece a “negative” outlook.
   
  “The downgrade results from our updated assessment of the political, economic, and budgetary challenges that the Greek government faces in its efforts to put the public debt burden onto a sustained downward trajectory,” S&P credit analyst Marko Mrsnik said in a statement.
   
  Credit-Default Swaps
  Traders of derivatives are betting on a greater chance that Greece fails to meet its debt payments. Credit-default swaps on Greek government bonds climbed 111 basis points to 821 basis points yesterday, according to CMA DataVision. Only contracts tied to Venezuela and Argentina debt trade at higher levels, according to Bloomberg data. Venezuela is at about 846 basis points and Argentina is at about 844, Bloomberg data show.
   
  The swaps pay the buyer face value in exchange for the underlying securities or the cash equivalent should a borrower fail to adhere to its debt agreements. A basis point on a contract protecting $10 million of debt from default for five years is equivalent to $1,000 a year.
   
  Just minutes before lowering Greece’s ratings, S&P cut Portugal to A- from A+. Yields on Portugal’s two-year note yields jumped 112 basis points to 5.31 percent, while credit- default swaps on the nation’s debt rose 54 basis points to 365.

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Bob Chapman: The Game Is Over! There Will Be Social, Political And Economic Chaos For Years To Come !