Archive for May, 2012

EXPOSING THE TRUTH part 1

Posted in Uncategorized on May 27, 2012 by betweentwopines

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English Subtitles: Prepare to Meet Your God, Angelica Zambrano (ReEdited Video)

Posted in Uncategorized on May 27, 2012 by betweentwopines

The Kingdoms of Heaven and Hell and the Return of CHRIST. For a period of 23 hours, a young Ecuadorian girl named Angelica was shown the Kingdoms of Heaven and Hell, and the Return of Christ. She witnessed Jesus weeping as He overlooked multitudes of souls lost forever, a world that has rejected Him, a Church that is mostly unprepared for Him, a people that have stopped witnessing to the lost, and an entertainment industry that even lures children to satan. She witnessed many of our esteemed cultural icons suffering in the Pit; singers, entertainers, and even a pope. Angelica was also shown how the Kingdom of Heaven is all wonderfully prepared and ready, an unimaginable glorious place, where no evil exists. Though Jesus is ONLY coming back for a Holy People, and many of God’s children will NOT be ready on that day, and will be left behind in a world that will fall apart. -aka.23 Horas Muertra This video is sure to be controversial, it has started a firestorm of discussions and argument all over South America. Now, finally translated into English, it will probably be just as contentious here. Many of you just won’t believe this.

Real federal deficit dwarfs official tally

Posted in Uncategorized on May 24, 2012 by betweentwopines

 

  • Congress exempts itself from including the cost of promised retirement benefits.

By Jewel Samad, AFP/Getty Images

The typical American household would have paid nearly all of its income in taxes last year to balance the budget if the government used standard accounting rules to compute the deficit, a USA TODAY analysis find.

Under those accounting practices, the government ran red ink last year equal to $42,054 per household — nearly four times the official number reported under unique rules set by Congress.

A U.S. household’s median income is $49,445, the Census reports.

The big difference between the official deficit and standard accounting: Congress exempts itself from including the cost of promised retirement benefits. Yet companies, states and local governments must include retirement commitments in financial statements, as required by federal law and private boards that set accounting rules.

The deficit was $5 trillion last year under those rules. The official number was $1.3 trillion. Liabilities for Social Security, Medicare and other retirement programs rose by $3.7 trillion in 2011, according to government actuaries, but the amount was not registered on the government’s books.

Contrasting deficits

The federal government calculates the deficit in a way that makes the number smaller than if standard accounting rules were followed (in trillions).

Sources: USA TODAY research; Congressional Budget Office

Deficits are a major issue in this year’s presidential campaign, but USA TODAY has calculated federal finances under accounting rules since 2004 and found no correlation between fluctuations in the deficit and which party ran Congress or the White House.

Key findings:

•Social Security had the biggest financial slide. The government would need $22.2 trillion today, set aside and earning interest, to cover benefits promised to current workers and retirees beyond what taxes will cover. That’s $9.5 trillion more than was needed in 2004.

•Deficits from 2004 to 2011 would be six times the official total of $5.6 trillion reported.

•Federal debt and retiree commitments equal $561,254 per household. By contrast, an average household owes a combined $116,057 for mortgages, car loans and other debts.

“By law, the federal government can’t tell the truth,” says accountant Sheila Weinberg of the Chicago-based Institute for Truth in Accounting.

Jim Horney, a former Senate budget staff expert now at the liberal Center on Budget and Policy Priorities, says retirement programs should not count as part of the deficit because, unlike a business, Congress can change what it owes by cutting benefits or lifting taxes.

“It’s not easy, but it can be done. Retirement programs are not legal obligations,” he says.

SOURCE

China Warns Australia to Choose “Godfather” – China or U.S.

Posted in Uncategorized on May 24, 2012 by betweentwopines

By John Daly

It is rare in diplomatic circles for governments to speak bluntly, particularly in the Orient, where manners are highly prized.

The exceptions to this rule are retired military officers, who are often able to voice sentiments too impolitic for other channels.

One of the more startling pronouncements in this vein occurred last week when Song Xiaojun, a former senior officer of the People’s Liberation Army, warned that Australia cannot juggle its relationships with the United States and China indefinitely and “Australia has to find a godfather sooner or later. Australia always has to depend on somebody else, whether it is to be the ‘son’ of the US or ‘son’ of China. (It) depends on who is more powerful, and based on the strategic environment.” Noting the rising importance of China as an export market Song added that Australia depended on exporting iron ore to China “to feed itself,” but “Frankly, it has not done well politically.”

What is also notable about Song’s remarks is that they coincided with Australian Foreign Minister Bob Carr’s first official visit to China, where Foreign Minister Yang Jiechi urged Australia to dismiss its alliance with the United States, a decades-old bipartisan and central pillar of the nation’s foreign policy, as ”the time for Cold War alliances has passed.”

The year 2012 is significant for the two nations, as it marks the 40th anniversary of the establishment of Australian-Chinese diplomatic relations.

Australia is one of the few countries to actually run a trade surplus with China, which for the period January-November 2011, amounted to $15.15 billion, a 274.2 percent increase over 2010. Last year Australia-China bilateral trade rose to $80.73 billion, up by 44.2 percent. Australia’s exports to China were worth $47.94 billion growing 59.7 percent over the previous year, accounting for 25 percent of Australia’s total exports. Last year Australian imported $32.79 billion of goods from China. 

China is now Australia’s largest trading partner, as well as its single biggest export market and import source, while Australia is now China’s seventh-largest trading partner. While iron ore is Australia’s single largest export item to China, worth $35 billion in 2010, energy exports are also significant as in 2010 Australia exported 17 million tons of coking coal to China, accounting for 37 percent of China’s total coking coal imports, a trade that is expected to increase by around 20 percent by 2015 as new mining and infrastructure investments in Queensland and New South Wales come online.

Such trade can only increase in the future, as both Australia and China are moving towards concluding a Free Trade Agreement.

What has been rattling the Chinese leadership are recent remarks by the Obama administration that the Pentagon will shift its focus to Asia. Last month the first contingent of 2,500 U.S. Marines to be deployed in the country arrived in the northern city of Darwin. China criticized the deployment as proof of a “Cold War mentality,” but worse may be to come, as Australia has indicated it may also allow the United States to use its territory to operate long-range spy drones and reportedly station aircraft carriers and nuclear-powered attack submarines in the western Australian city of Perth.

A further trade card that China can play against Canberra is the strong growth of Chinese investment in Australia over the last several years. For the period 2007-2010, the Australian government approved over $50 billion in Chinese investment, including in businesses and real estate.

So, stripped to its essence, the Chinese government has some significant economic cards to play against Australia deepening its defense ties with the U.S. What is most notable about China’s new policy as embodied in Song’s remarks is that it represents a new level of Chinese diplomatic “pressure,” which up to now has been primarily limited to expressing their “concerns” to their Asian neighbors over the status of the South China Sea.

So, for Australia, which will it be, Beijing or Washington? Probably the one that makes Canberra “an offer it can’t refuse.”

By. John C.K. Daly of Oilprice.com

SOURCE

Military heat ray gun zaps reporter

Posted in Uncategorized on May 24, 2012 by betweentwopines

“You have to feel the ray gun to believe it,” says 60 Minutes correspondent David Martin, speaking about a non-lethal weapon the Pentagon has developed, “and there’s only one way to do that.”

Martin was reportedly “zapped” 17 times for this piece, demonstrating the effects, as well as the possibility that a person could reduce the impact with shields of various materials.

“The gun is really an antenna which shoots out this very high-frequency radio beam that penetrates the skin to a depth of 1/64 of an inch, which is just deep enough to hit the nerves,” says Martin. “And it creates this instantaneous sensation of heat which makes anyone who is hit with it try to get out of the way as fast as possible.

“And the second you do get out of the way, the pain goes away,” Martin continued. “And the point is that this gun, which has a range of roughly half a mile – the exact range is classified – can make you stop whatever it is you’re doing.”

It seems that is the intended benefit of this weapon, which Martin says causes the sensation of being scalded with hot water.

He asks, “How many innocent lives have been lost by someone approaching a check-point and not heeding the warning signs that American soldiers were giving them …? Now you have this gun. If you shoot that ray gun at someone and they keep coming you can safely assume that they have evil intent and have cleared the way to use more lethal force, which would be their rifle.”

This video is from CBSNews.com, broadcast February 28, 2008.

Electricity generated from water: BlackLight Power announces validation of its scientific breakthrough in energy production

Posted in Uncategorized on May 23, 2012 by betweentwopines

 

 
 

 

CRANBURY, N.J., May 22, 2012 /PRNewswire via COMTEX/ — Leading academic and industry experts have validated BlackLight’s new process that directly produces electric energy from the conversion of water vapor to a new, more stable form of Hydrogen.

Experts agree that BlackLight’s “Hydrino theory” represents a fundamental breakthrough in clean energy technology.

BlackLight Power, Inc. (BLP) today announced a major breakthrough in clean energy technology, which experts agree holds tremendous promise for a wide range of commercial applications. The announcement comes on the heels of BlackLight’s recent completion of a $5 million round of financing to support commercial development of its new process for producing affordable, reliable energy from water vapor.

In six separate, independent studies, leading scientists from academia and industry with PhDs from prestigious universities including the Massachusetts Institute of Technology and the California Institute of Technology, confirm that BlackLight has achieved a technological breakthrough with its CIHT (Catalyst-Induced-Hydrino-Transition) clean energy generating process and cell. The Process is fueled by water vapor that is a gaseous component of air and present wherever there is any source of water. The CIHT cell harnesses this energy as electrical power output and is suitable for essentially all power applications including transportation applications and electrical power production completely autonomous of fuels and grid infrastructure at a small fraction of the current capital costs.

“BlackLight’s continuously operating, power-producing system converts ubiquitous H2O (water) vapor directly into electricity, oxygen, and a new, more stable form of Hydrogen called Hydrino, which releases 200 times more energy than directly burning hydrogen,” said Dr. Randell Mills, Chairman, CEO and President of BlackLight Power, Inc., and inventor of the process. Hydrogen is not naturally available and has to be produced using energy. But, H2O vapor is ubiquitous and free, obtainable even from ambient air. Dr. Mills says that BlackLight has achieved critical milestones in scaling its new technology with typical electrical gain of more than ten times that which initiates the process, operating over long duration at the 10 Watt (W) scale. A 100 W unit is planned for completion by the end of 2012, and a 1.5 kiloWatt (kW) pilot unit that can serve the residential power market, as an initial target commercial application, is expected to be operational by 2013. (One kW is equal to 1000 W, and 1.5 kW is the typical, average power consumption of a U.S. home.)

BlackLight has raised a total of $75 M for the development and commercialization of its breakthrough energy technology, and has license agreements with companies to use its patented commercial processes and systems in heating and electric power generation. The new BlackLight Process validation reports, including full documentation and results of theory evaluation, replication and testing of the CIHT systems, and Hydrino characterization, are publicly available at http://www.blacklightpower.com/ . The website also includes links to validator resumes and to technical and business support materials, including recent presentations that further explain the BlackLight Process and a technical paper providing the detailed chemistry and identification of Hydrinos by analytical methods, which laboratories can follow and replicate.

Quotes from Academic and Industry Experts

Dr. K.V. Ramanujachary, Rowan University Meritorious Professor of Chemistry and Biochemistry. “BlackLight’s CIHT electrochemical cell harnesses this fundamentally new primary energy source as electrical output by using a catalyst to cause hydrogen atoms of water molecules to transition to a lower-energy, Hydrino state, resulting in a release of energy that is intermediate between chemical and nuclear energies, and a nonpolluting product,” said Dr. Ramanujachary, who conducted one of the validation studies. “The CIHT cells constantly output stable, very high-gain electrical power for more than a month, with H2O as the only source of fuel for the process. The trace H2O vapor was supplied by a water source, or alternatively, it was extracted directly from the air, resulting in generation of electricity from water alone. This process and system that I have confirmed is truly exceptional.”

W. Henry Weinberg, who was a professor of Chemical Engineering, Chemistry and Applied Physics at California Institute of Technology for eighteen years, a professor of Chemical Engineering, Chemistry and Materials Science at University of California, Santa Barbara for six years, and co-founder and CTO of Symyx Technologies for 13 years. “It would be irrational not to be very skeptical, and I was extremely skeptical. However, after having reviewed Dr. Mills classical theory, participated in experimental designs and execution, and having reviewed vast amounts of other data BLP produced, I have found nothing that warrants rejection of their extraordinary claims, and I encourage aggressive optimization and fast track development of a scaled up prototype,” said Dr. Weinberg. “To be able to use hydrogen from water as a cheap and nonpolluting source of power would represent one of the most important technological breakthroughs in history.”

Dr. Terry Copeland, former manager of product development for several electrochemical and energy companies including DuPont Company and Duracell. “BLP has successfully fabricated and tested CIHT cells capable of producing net electrical output up to 50 times that input to maintain the process,” said Dr. Copeland. “Some cells have produced steady power for over one month. The power generation is consistent with Dr. Mills’ theory of energy release resulting from Hydrino formation. No other source of energy could be identified. The CIHT cell will use cheap, abundant, nontoxic, commodity chemicals, with no apparent long-term supply issues that might preclude commercial, high volume manufacturing. The capital cost of the CIHT cell based on optimization of the cell dimensions is estimated to be under $100/kW compared to at least ten times that for fuel cells that further require a source of hydrogen or hydrogen gas and a fuel infrastructure.”

Dr. James Pugh, Director of Technology at The ENSER Corporation. “Representatives from the ENSER Corporation witnessed the assembly and operation of multiple CIHT cells, and the results showed excess electrical energy, up to 100 times that used to maintain the process in cells run as long as sixty days,” said Dr. Pugh. “There is no apparent difficulty in assembling single cell and multi-cell units, in a production scale environment. By carefully designing and optimizing the CIHT cell, a one-liter volume could generate 3.3 kW. This is greater than that necessary for motive as well as stationary electrical power applications.”  

Source

 

Facebook Bankers Secretly Cut Facebook’s Revenue Estimates In Middle Of IPO Roadshow

Posted in Uncategorized on May 22, 2012 by betweentwopines

Reuters Alistair Barr is reporting that Facebook’s lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the IPO roadshow.

This by itself is highly unusual (I’ve never seen it during 20 years in and around the tech IPO business).

But, just as important, news of the estimate cut was passed on only to a handful of big investor clients, not everyone else who was considering an investment in Facebook.

This is a huge problem, for one big reason:

  • Selective dissemination. Earnings forecasts are material information, especially when they are prepared by analysts who have had privileged access to company management. As lead underwriters on the IPO, these analysts would have had much better information about the company than anyone else. So the fact that these analysts suddenly all cut their earnings forecasts at the same time, during the roadshow, and then this information was not passed on to the broader public, is a huge problem.

Any investor considering an investment in Facebook would consider an estimate cut from the underwriters’ analysts “material information.”

What’s more, it’s likely that news of these estimate cuts dampened interest in the IPO among those who heard about them. (Reuters reported exactly this–that some institutions were “freaked out” by the estimate cuts, as anyone would have been.)

In other words, during the marketing of the Facebook IPO, investors who did not hear about these underwriter estimate cuts were placed at a meaningful and unfair information disadvantage. They did not know what a lot of other investors knew, and they suffered for it.

Selective dissemination of this sort could be a direct violation of securities laws. Irrespective of its legality, it is also grossly unfair. The SEC should investigate this immediately.

We first heard rumblings about this last week, and we were so startled that we assumed the reports were wrong. Then, over the weekend, when Reuters reported the basic story again, we said that if it was true, Facebook IPO buyers deserved to be “mad as hell” about it. And now Reuters has the details, and they sound as bad as we had feared.

There are a couple of possibilities for what happened.

The first one is bad news for Morgan Stanley and the other lead underwriters on the deal.

The second is also bad news for Facebook.

According to Reuters, the underwriter analysts cut their estimates after Facebook issued an amended IPO prospectus in which the company mentioned, vaguely, that recent trends in which users were growing faster than revenue had continued into the second quarter.

To those experienced in reading financial statements, this language was unnerving, because its mere existence could have been taken to mean that Facebook’s revenue in the second quarter wasn’t coming in as strong as Facebook had hoped (why else would the language have suddenly been added at the 11th hour?)

To those who aren’t experienced at reading filings, however, the real meaning of this language could easily have been missed. Facebook’s users have been growing faster than revenue for a while, so why would it be news that this was continuing?

In response to the amendment, meanwhile, all three lead underwriter analysts suddenly cut their estimates.

Now, regardless of why the analysts cut their estimates (and this will be important), estimate cuts of any sort are material information, so if this news was given to some institutional clients, it also obviously should have been given to everyone.

That’s the first problem.

The second potential question and problem is whether Facebook told the underwriters to cut their estimates–either by directly telling them to, or, more likely, by “suggesting” that the analysts might want to revisit their estimates in light of the new disclosures in the prospectus.

If there was any communication at all between Facebook and its underwriters….Full story