Economist: True Fed Exposure $29 Trillion

The true total of Federal Reserve emergency lending to Wall Street is not $1.2 trillion, as Fed Chairman Ben Bernanke contends, nor the $7.7 trillion figure reported by Bloomberg News, which Bernanke publicly contests.

The real number, argues economist L. Randall Wray, is a staggering $29 trillion.

Wray writes that Bernanke’s recent defense of the lower figure is “misleading” and that the chairman’s claim that Fed bailouts do not constitute a form of spending is plain wrong.

Read more on Newsmax.com: Economist: True Fed Exposure $29 Trillion Important: Do You Support Pres. Obama's Re-Election? Vote Here Now!

Source: newsmax

US troops surround Syria on the eve of invasion?

A former official from within the ranks of the Federal Bureau of Investigation is reporting that US and NATO forces have landed outside of Syria and are training militants to overthrow the regime of President Bashar al-Assad.

Whistleblower Sibel Edmonds, formerly a translator with the FBI, wrote over the weekend that American soldiers are among the NATO troops that have mysteriously and suddenly landed on the Jordanian and Syrian border. According to her, several sources internationally have confirmed the news, although the US media has been instructed to temporarily censor itself from reporting the news.

Source: RT

CONFIRMED: The Trillion-Dollar Lawsuit That Could End Financial Tyranny

It could be the biggest, most explosive story in modern history. We are just starting to put the pieces together and understand what is going on in the occult financial geopolitical scene, and how a 117-nation alliance is working to free the Earth from financial tyranny.

A VERY MYSTERIOUS, VERY QUIET AND VERY LARGE-SCALE FINANCIAL SCANDAL

You are about to dive into a story that, for quite some time now, has been nothing but a great-sounding idea -- a wonderful "what if." Almost nothing of this story could be found in the mainstream media.

However, the bizarre origin of the story did briefly find its way into FOX's Glenn Beck show in 2009.

I highly recommend you watch this first, as it will draw you directly into the mystery -- which flickered for the briefest moment in mainstream media, only to disappear into shuddering silence:

Source: Divine Cosmos

America’s first Internet censorship system

PROTECT IP / SOPA Breaks The Internet from Fight for the Future on Vimeo.

Australian Banks Given One Week To Prepare For European "Meltdown"

Whereas previously we had heard extensive horror stories about banks being told to prepare for the end of the world in case the European summit (the latest and greatest one from last Friday which was supposed to find a cure for cancer among other things) failed, and even went so far as to read about preparations for trading in the drachma on a when issued basis, once the summit passed (and it was clear that media posturing would do nothing to fix what has already been a failure and it would be best to remove the threats of "reality" from the public's attention) all such "end of the world" speculation promptly disappeared - after all why remind people that things are now worse than ever. Until today. According to the Australian Finance Review (link - subscription required), banks down under "have been given 1 week by regulators to stress test how they would handle a spike in joblessness, plunge in home prices spurred by EU debt crisis." Aka a European "Meltdown." And since we don't have immediate access to the article, we leave it to Bloomberg First Word to describe for us what the article says:

Source: Zerohedge

Victoria’s Secret Revealed in Child Picking Burkina Faso Cotton

Clarisse Kambire’s nightmare rarely changes. It’s daytime. In a field of cotton plants that burst with purple and white flowers, a man in rags towers over her, a stick raised above his head. Then a voice booms, jerking Clarisse from her slumber and making her heart leap. “Get up!”

The man ordering her awake is the same one who haunts the 13-year-old girl’s sleep: Victorien Kamboule, the farmer she labors for in a West African cotton field. Before sunrise on a November morning she rises from the faded plastic mat that serves as her mattress, barely thicker than the cover of a glossy magazine, opens the metal door of her mud hut and sets her almond-shaped eyes on the first day of this season’s harvest. (Follow her journey in videos, photos and more here.)

Source: Bloomberg