Corporate Media Gatekeepers Protect The Western 1% From Panama Leak

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Whoever leaked the Mossack Fonseca papers appears motivated by a genuine desire to expose the system that enables the ultra wealthy to hide their massive stashes, often corruptly obtained and all involved in tax avoidance. These Panamanian lawyers hide the wealth of a significant proportion of the 1%, and the massive leak of their documents ought to be a wonderful thing. Continue reading

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Jean Claude Van Damme Calls Out Rothschild & Rockefeller On Live TV

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Appearing on the French television show, Le Grand Journal, Jean-Claude Van Damme (JCVD) just showed the world that even he is aware of the control and power of the Rothschild and Rockefeller families.  Continue reading

10 Things The US Government Doesn’t Want You To Know

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When it comes to governance, especially in the case of a democratic government, the voters get to choose trusted leaders to deal with all the affairs involved in running the country. This means that the population entrusts the country to a few people, who are supposed to be accountable to them, responsible in all their actions, innovative in problem solving and selfless when it comes to executing their duties in office. During the campaign period, the leaders in question always promise the voters heaven on earth, only for them to get to office and fall short on all their promises. This is the situation in all parts of the world, and it begs the question “what changes in an individual when he or she ascends to power?”
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Billionaire George Soros spent $33MILLION bankrolling Ferguson demonstrators to create ‘echo chamber’ and drive national protests

George Soros

Liberal billionaire George Soros donated $33million to social justice organizations which helped turn events in Ferguson from a local protest into a national flashpoint.

The handouts, revealed in tax filings from Soros’s private foundation, were given to dozens of different groups which weighed in on the crisis.

Organizers from professional groups in Washington, D.C., and New York were bussed into the Missouri town to co-ordinate messaging and lobby to news media to cover events using the billionaire’s funding.

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Connections Between Economic Powers and Nazi Germany- Rockefellers, Bush Family, and More

Photo: Brainmind.comHave you ever wondered why people call George Bush a “Nazi”, or a “fascist”? Did you ever think these were just meaningless insults? If so, you are mistaken.

People call George Bush and his family Nazis and fascists, because his grandfather did business with Nazi Germany very closely, and was heavily involved with assisting them.

IBM, the American technology company, helped the Nazis keep track of their holocaust victims and store data during WWII.

Their employees have received 5 Nobel peace prizes, just like the middle eastern children murdering Barack Obama. If you think this is bad, you haven’t heard the beginning of it; the web of connection there was, between American economic powers and Nazi Germany, is a very complicated and interwoven system.

The Rockefeller Oil Company sold oil to the Nazis during WWII, the very oil that was used in planes to bomb the UK, and many other military operations. These people never faced charged of “aiding the enemy”, and there isn’t a much more direct way they could aid them in destroying other human beings then this. Why?

Because the United States government, since some say , around 1913, with the creation of the federal reserve, has been under the control of the most powerful economic powers of the United States and the world, like the Rockefellers, who wanted war.

The Rockefeller Foundation, as they could not manage to do without the disguise of charity, funded eugenics programs, essentially “ethnic cleansing” programs worldwide, and is widely believed to be the real cause of the holocaust. In 1932, Rockefeller foundation funded Dr. Ernst Rudin became president of the worldwide Eugenics Federation.

The Movement called for the killing and sterilization of people who’s “heredity made them a public burden”. A few months later, Hitler gained control of Germany, and this program.

Perhaps most notoriously, the CIA carried out “Operation Paperclip”, briefly after WWII, bringing over a thousand Nazi scientists to the US from Germany, who were given new identities, and began to work alongside an unsuspecting American civilian population.

After the bankers had their war and their job done in Germany, why not just recycle the scientists? Just as if they controlled both the US and Germany, as the non mainstream facts seem to indicate.

 

Mainstream culture and their version of history, goes into childlike detail to illustrate a nationalist version of history that would by contrast make these facts seem insane. But considering that, this all makes too much sense.

But wait, there is even more. Prescott Bush, the father of George HW Bush, and grandfather of George W Bush, was closely involved with Nazi Germany, making deals with them so complicated, they form a web of interactions, just as if Germany and the United States were one.

Prescott Bush’s Father was a Railroad Executive and then a Steel Company President, and Prescott was a Wall Street Banker like David Rockefeller, who also sold oil to Nazi Germany and gave them support. Rather then facing by consequences for these acts of vile treason against the human race, these people have furthered their success tremendously.

David Rockefeller’s son, Jay Rockefeller, has been in the US Senate since 1984, and every single one of Prescott Bush’s descendants have been president, or a powerful politician, like Jeb Bush, a Florida Politician.

There are many, many more ties between the great fascist economic powers of the United States, and Nazi Germany, and their so called enemies in WWII. Ones will to research about it on their own, is the determining factor on whether or not a person will know the true version of history.

Mainstream history, of course, illustrates the events from such a false, nationalist perspective, that by contrast, what has been said in this article would seem ridiculous. Yet, it is fact, and it is there on the Internet and in certain books, waiting to be discovered.

There is too much too explain the whole of it in this article, however, I can tell you this- the politicians of the United States are, and have been, heavily involved with, and very often related to, the most wealthy and powerful families on the planet. A merger between economic powers and political powers is exactly what constitutes fascism, that is the exact definition.

When thinking about a global conspiracy, think about the Rockefellers, the Bush Family, the bankers, and the economic ties. Oh, and I didn’t even mention yet, that the Bush Family directly descended from King John of England, who signed the Magna Carta in the 13th Century.

Not only that, but every single president except Martin Van Buren directly descended from him, and many, many other royal figures. The truth is truly stranger then fiction, and it is so very complicated, one must do the research for themselves.

 

 

http://intellihub.com/2013/06/09/connections-between-economic-powers-and-nazi-germany-rockefellers-bush-family-and-more/

DIMON ADMITS: Breaking The Law ‘Is A Problem At JP Morgan

 

Following the rules is not easy for Jamie.

Dimon warns more sanctions are coming for JPMorgan.

Jamie Dimon warns that JPMorgan, which is under regulatory orders to tighten internal controls, will face more sanctions in the coming months.  Dimon comments on the London Whale, criminal investigations into activities at the bank, illegal foreclosures, money laundering and the threat of cyber attack.

 

Here’s why Jamie is warning shareholders:

NYT: JPMorgan Faces Multiple Criminal Investigations

 

 

http://dailybail.com/home/dimon-admits-breaking-the-law-is-a-problem-at-jpm.html

Big Banks Attempt Secret Coup Against Cheap Loans

Too Big Banks Try End Run to Kill Growing Public Banking Movement

The Trans-Pacific Partnership (TPP) is an international treaty negotiated in secret – hidden even from congressmen who oversee such treaties – which threatens to destroy national sovereignty.

Public banks – such as the Bank of North Dakota – can provide low-cost loans to Main Street, when Wall Street insists on high interest rates … or won’t even extend credit.

More and more states are considering launching their own public banks.

A 2011 study from Demos – a non-partisan public policy organization – in conjunction with the Center for State Innovation, analyzed the potential for “partnership banks” across the country, including numerous states already considering such legislation.   The study found:

Across the country, states are considering proposals to move general revenue deposits out of the Wall Street banks that dominate the banking business today, and use them to capitalize a new local public structure with a mission to grow the local economy. A “Main Street Partnership Bank” would be modeled on the nearly 100-year-old public Bank of North Dakota (BND). This public policy innovation—also known as a Public Bank or State Bank—could contribute to the health of local community banks, state budgets and small business job growth in an era of rapid banking concentration, budget deficits and disinvestment on Main Street.

Partnership Banks can raise revenue for states without raising taxes, and increase loans to small businesses precisely when Wall Street banks have cut back on lending and raised public borrowing costs. A Partnership Bank would act as a “banker’s bank” to in-state community banks and provide the state government with both banking services at fair terms and an annual multi-million dollar dividend.

If modeled on the successful Bank of North Dakota, Partnership Banks in other states would:

  • Create new jobs and spur economic growth. Partnership Banks are participation lenders, meaning they partner—never compete—with local banks to drive lending through local banks to small businesses. If Washington State had a fully-operational Partnership Bank capitalized at $100 million during the Great Recession, it would have supported $2.6 billion in new lending and helped to create 8,212 new small business jobs. A proposed Oregon bank could help community banks expand lending by $1.3 billion and help small business create 5,391 new Oregon jobs in its first three to five years. All of this would be accom- plished at a profit, which Partnership Banks should share with the state.
  • Generate new revenues for states directly, through annual bank dividend payments, and indirectly by creating jobs and spurring local economic growth…
  • Lower debt costs for local governments. Like the Bank of North Dakota, Partnership Banks can get access to low-cost funds from the regional Federal Home Loan Banks. The banks can pass savings on to local governments when they buy debt for infrastructure investments. The banks can also provide Letters of Credit for tax-exempt bonds at lower interest rates.
  • Strengthen local banks even out credit cycles, and preserve real competition in local credit markets. There have been no bank failures in North Dakota during the financial crisis. BND’s charter is clear that its goal is to “be helpful to and to assist in the development of [North Dakota banks]… and not, in any manner, to destroy or to be harmful to existing financial institutions.” By purchasing local bank stock, partnering with them on large loans and providing other sup- port, Partnership Banks would strengthen small banks in an era when federal policy encourages bank consolidation.
  • Build up small businesses. Surveys by the Main Street Alliance in Oregon and Washington show at least 75 percent support among small business owners. In markets increasingly dominated by large corporations and the banks that fund them, Partnership Banks would increase lending capabilities at the smaller banks that provide the majority of small business loans in America.

These various proposals would “move general revenue deposits out of the Wall Street banks that dominate the banking business today, and use them to capitalize a new local public structure with a mission to grow the local economy.”

This would obviously cut into the big banks’ profits.  Indeed, the big banks have engaged in mafia-style big-rigging fraud against local governments (see thisthis and this), scalped local governments by manipulating interest rates, and engaged in all sorts of other shenanigans to fleece governments, businesses and citizens.

And the big banks are using dirty tricks to try to kill the growing public banking movement, so as to protect their racket.

Les Leopold writes:

Clearly, from Wall Street’s perspective, the North Dakota bank must go, and all other state efforts to replicate it must be thwarted. Wall Street’s stealth weapon may be lodged within the latest corporate trade agreement called the Trans-Pacific Partnership (TPP), which currently is being negotiated in secret. We already know that Wall Street is seeking to remove all tariff restrictions that prevent the U.S. financial services industry from doing business in countries like Brunei, Chile, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. The biggest banks also want the treaty to eliminate “non-tariff” barriers including regulations that create “unfair” competition with state-owned financial enterprises.

Depending on the final language, it is possible that the activities of the Bank of North Dakota could be ruled illegal because “foreign bankers could claim the BND stops them from lending to commercial banks throughout the state” ….  How perfect for Wall Street: a foreign bank can be used as a shill to knock out the BND.

Truthout explains:

Legislators around the world are being kept in the dark about what they’re voting on until the deal [on TPP] is hammered out; it’s expected to be completed this year. When it’s finished, if the experience of Congress here is any indication, legislators will be feeling extraordinary pressure from corporate lobbyists and their heads of state to accept the deal without a fuss. [Indeed, lawmakers often vote on legislation without ever reading it.]

***

Publicly owned enterprises, for example, are being targeted by negotiators. One such entity in the United States that has been the subject of considerable interest in recent years is the Bank of North Dakota (BND) – the only fully publicly owned financial institution in the country. The BND, which is only allowed to lend wholesale, was a stabilizing force that helped keep the already energy-rich state insulated from the shock of the financial crisis (Alaska, for example, didn’t fare as well). It has also brought a small fortune to the state’s treasury – $340 million in net tax gain between 1997 and 2009. Legislators in at least 13 different states have proposed studying or emulating the North Dakota model – state-owned development of central-bank style institutions guaranteed by tax revenue. But if the TPP is passed, that option might not be available. [Barbara Weisel, the top American government  negotiator for TPP] said that State Owned Enterprises (SOE) are routinely “competing directly with private enterprises, and often in a way that is considered unfair.”

Some of the advantages that can be conferred on State Owned Enterprises are things like preferential financing,” Weisel said. “Those are things that wouldn’t be provided to private companies – preferential provision of goods and services provided by a government.”

She said that “State Owned Enterprises – which in some cases can comprise a significant percentage of an economy – can be used to undermine what we’re otherwise trying to gain from this free trade agreement.”

A spokesperson for the BND declined to comment on whether or not this outlook was perceived by the bank to be an institutional threat. But, depending on the report’s language, foreign bankers could claim that the BND stops them from lending to commercial banks throughout the state.

Citigroup’s Johnston [Rick Johnston is a a senior vice president and director for international government affairs at Citigroup], in response to another question from the audience, said that corporations weren’t exactly enamored of competition with publicly owned enterprises – and that they are prodding TPP delegates into doing something about it.

“The companies that are running up against the problem and the challenges of the state-owned enterprises, they obviously feel strongly enough about it that the problem is being addressed within the negotiations,” he said.

***

There can be no guarantee, until the draft is finally released, that the TPP will protect entities like the BND, especially when considering, as critics have contended, that the deal’s boosters are pushing an agreement that more firmly entrenches capital flow as a form of trade.

“When you hear the word ‘trade‘ in today’s business world, it doesn’t just mean goods moving across borders,” Johnston said. “It doesn’t even mean just services moving across borders. It also means investment. And that’s something where the TPP is really gonna make a big difference.”

Trade, according to Black’s Law dictionary, is defined as “Traffic; commerceexchangeof goods for other goods, or for money.” Yet this trade pact could usher in a rash of reforms, with minimal oversight and virtually no public hearings, treating investment rules as a trade issue, even though they haven’t traditionally been dealt with as such.

A lobbyist’s world-view on this issue is instructive.  As Michael Wendell told the Congressional Subcommittee on Trade:

SOEs [state-owned enterprises], by definition, are interested in promoting the interests of their home country, and are all too often guided by state interests, rather than commercial interests.

Why does this matter? Let’s consider a Chinese SOE. Chinese SOEs benefit enormously from below-market-rate financing by state-owned banks at rates well below what American companies pay. Many of these loans may not have to be repaid at all. How does a commercial entity here in the U.S. compete with the U.S.-based operations of an SOE that sets up shop here?

***

There are many ways that disciplines on SOEs can be developed as part of the TPP talks. The best approach would be to ensure that all transactions are based on commercial considerations.

Basing all transactions on “commercial considerations” may sound okay initially.  But that would – in essence – mean that the interests of the banks in making high-interest rate loans are more important than the interests of the people in obtaining cheap loans.

Moreover, America as a nation is arguably paying trillions of dollars to the big banks in unnecessary interest costs which public banks would render moot. See this and this.

And  remember, the Founding Fathers’ vision of prosperity was largely based around public banking.

However we decide to treat foreign state-owned enterprises, banks owned by the American people will help to create prosperity for we the people and our small businesses.

Indeed, both conservative and liberal economists point out that the big banks are already state-sponsored institutions … so the government should create a little competition through public banking.

State-owned public banks – like North Dakota has – would take the power away from the big banks, andgive it back to the people … as the Founding Fathers intended.

Don’t trust the federal government? That’s fine … we’re not talking about state – not federal – banks. Don’t trust your state?  Then support a county-level bank.

Postscript:  Obama is a shill for TPP.  So is Treasury Secretary Jack Lew, who told the Senate:

As Deputy Secretary of the State Department, I actively promoted the United States’ entry into the Trans-Pacific Partnership negotiations.

Rockefeller impostor convicted of murder

PictureA notorious Rockefeller impostor has been found guilty of first-degree murder in the death of a man whose bones were found buried beneath a California home.

Christian Gerhartsreiter was tried 28 years after the disappearance of newlyweds John and Linda Sohus in a heavily circumstantial cold case. Much of the prosecution’s evidence focused on the strange behavior of the man who adopted many names including Clark Rockefeller. He masqueraded as an heir to the fabled oil fortune for 20 years.

The verdict was reached Wednesday after the jury deliberated about a day.

Authorities said Gerhartsreiter was a German immigrant who lived another life long ago, occupying a guest cottage at the home of Sohus’ mother in the ritzy suburb of San Marino. He was known then as Chris Chichester and intimated he was of royal lineage. He joined the church, befriended residents and told some he was a film student.

A friend said Linda Sohus once described the tenant in the cottage owned by John’s mother as “creepy” and said she and her husband never spoke to him.

The town folk didn’t connect him with the disappearance of the Sohus couple in 1985, but shortly after they vanished, so did he.

No trace of Linda has been found but John’s bones were unearthed during excavation of a swimming pool at the San Marino property in 1994. With no clues, the mystery went cold again.

But across the country, a man variously known as Chris Crowe, Chip Smith and Clark Rockefeller was inventing new lives for himself.

This impostor wormed his way into high society and talked his way into important jobs. He married a wealthy woman and controlled her funds, but his identity unraveled when he kidnapped their daughter during a custody dispute. She testified that he became increasingly paranoid when police begin inquiring about him.

When he was unmasked, he became the subject of magazine articles, true crime books and TV movies that sought to explore his bizarre story and get to the heart of the man behind the pseudonyms.

The resulting publicity led California authorities to revisit the Sohus disappearance. They realized the man in custody in Boston was not an heir to the Rockefeller fortune but was the man who had lived in San Marino decades ago.

Already serving time for the kidnapping of his young daughter in a Boston custody dispute, Gerhartsreiter was close to the end of his sentence and headed for freedom when the murder charge changed that. After a quarter century, authorities believed they had linked him to the disappearance of his old neighbor, Sohus.

Defense attorneys suggested that Linda Sohus, not their client, killed her husband. But no motive was offered for her or Gerhartsreiter to have killed the young man.

Prosecutors filled in the blanks of the defendant’s whereabouts during the decades of his disappearance. But some details were unlikely ever to be explained.

He chose not to testify in his own defense and much of the trial testimony came from people now hobbled by age who knew him in San Marino as Chris Chichester, a stranger with a murky past.

 

http://www.telegram.com/article/20130410/NEWS/130419949/1116

The Global Elite Plan To Raid Your Bank Account

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(Economic Collapse) -Don’t be surprised when the global elite confiscate money from your bank account one day.

They are already very clearly telling you that they are going to do it.

Dutch Finance Minister Jeroen Dijsselbloem is the president of the Eurogroup – an organization of eurozone finance ministers that was instrumental in putting together the Cyprus “deal” – and he has said publicly that what has just happened in Cyprus will serve as a blueprint for future bank bailouts.

What that means is that when the chips are down, they are going to come after YOUR money. So why should anyone put a large amount of money in the bank at this point? Perhaps you can make one or two percent on your money if you shop around for a really good deal, but there is also a chance that 40 percent (or more) of your money will be confiscated if the bank fails. And considering the fact that there are vast numbers of banks all over the United States and Europe that are teetering on the verge of insolvency, why would anyone want to take such a risk?

What the global elite have done is that they have messed around with the fundamental trust that people have in the banking system. In order for any financial system to work, people must have faith in the safety and security of that financial system. People put their money in the bank because they think that it will be safe there. If you take away that feeling of safety, you jeopardize the entire system.

So exactly how did the big banks in Cyprus get into so much trouble? Well, they have been doing exactly what hundreds of other large banks all over the U.S. and Europe have been doing. They have been gambling with our money. In particular, the big banks in Cyprus made huge bets on Greek sovereign debt which ended up failing.

But what happened in Cyprus is just the tip of the iceberg. All over the planet major financial institutions are being incredibly reckless with client money. They are leveraged to the hilt and they have transformed the global financial system into a gigantic casino.

If they win on their bets, they become fabulously wealthy.

If they lose on their bets, they know that the politicians won’t let the banks fail. They know that they will get bailed out one way or another.

And who pays?

We do.

Either our tax dollars are used to fund a government-sponsored bailout, or as we have just witnessed in Cyprus, money is directly confiscated from our bank accounts.

And then the game begins again.

People need to understand that the precedent that has just been set in Cyprus is a game changer.

The next time that a major bank fails in Greece or Italy or Spain (or in the United States for that matter), the precedent that has been set in Cyprus will be looked to as a “template” for how to handle the situation.

Eurogroup president Jeroen Dijsselbloem has even publicly admitted that what just happened in Cyprus will serve as a model for future bank bailouts. Just check out what he said a few days ago

“If there is a risk in a bank, our first question should be ‘Okay, what are you in the bank going to do about that? What can you do to recapitalise yourself?’. If the bank can’t do it, then we’ll talk to the shareholders and the bondholders, we’ll ask them to contribute in recapitalising the bank, and if necessary the uninsured deposit holders”

Dijsselbloem insists that this will cause people “to think about the risks” before they put their money somewhere…

“It will force all financial institutions, as well as investors, to think about the risks they are taking on because they will now have to realise that it may also hurt them. The risks might come towards them.”

Well, as depositors in Cyprus just found out, there is a risk that you could lose 40 percent (and that is the best case scenario) of your money if you put it in the bank.

Why would anyone want to take that risk – especially in a nation that is already experiencing very serious financial troubles such as Greece, Italy or Spain?

As if that was not enough, Dijsselbloem later went in front of the Dutch parliament and publicly defended a wealth tax like the one that was just imposed in Cyprus.

Dijsselbloem is being widely criticized, and rightfully so. But at least he is being more honest that many other politicians. His predecessor as the head of the Eurogroup, Jean-Claude Juncker, once said that “you have to lie” to the people in order to keep the financial markets calm…

Mr. Dijsselbloem’s style contrasts with that of his predecessor, Jean-Claude Juncker, Luxembourg’s prime minister, who spoke in a low mumble at news conferences and was expert at sidestepping questions. Mr. Juncker once even advocated lying as a way to prevent financial markets from panicking—as they did Monday after Mr. Dijsselbloem’s comments.

“When it becomes serious, you have to lie,” Mr. Juncker said in April 2011. “If you have pre-indicated possible decisions, you are feeding speculation in the financial markets.”

But Dijsselbloem is certainly not the only one among the global elite that is admitting what is coming next. Just check out what Joerg Kraemer, the chief economist at Commerzbank, recently told Handelsblatt about what he believes should be done in Italy…

“A tax rate of 15 percent on financial assets would probably be enough to push the Italian government debt to below the critical level of 100 percent of gross domestic product”

Yikes!

And as I wrote about the other day, the Finance Minister of New Zealand is proposing that bank account holders in his nation should be required to “take a haircut” if any banks in his nation fail.

They are telling us what they plan to do.

They are telling us that they plan to raid all of our bank accounts when the global financial system fails.

And calling it a “haircut” does not change the fact of what it really is. The truth is that when they confiscate money from our bank accounts it is outright theft. Just check out what the Daily Mail had to say about the situation in Cyprus…

People who rob old ladies in the street, or hold up security vans, are branded as thieves. Yet when Germany presides over a heist of billions of pounds from private savers’ Cyprus bank accounts, to ‘save the euro’ for the hundredth time, this is claimed as high statesmanship.

It is nothing of the sort. The deal to secure a €10 billion German bailout of the bankrupt Mediterranean island is one of the nastiest and most immoral political acts of modern times.

It has struck fear into the hearts of hundreds of millions of European citizens, because it establishes a dire precedent.

And when you cause paralysis in the banking system, a once thriving economy can freeze up almost overnight. The following is an excerpt from a report from someone that is actually living over in Cyprus…

As it stands now, nowhere in Cyprus accepts credit or debit cards anymore for fear of not being paid, it is CASH ONLY. Businesses have stopped functioning because they cannot pay employees OR pay for the stock they receive because the banks are closed. If the banks remain closed, the economy will be destroyed and STOP COMPLETELY. Looting, robberies and theft are already on the rise. If the banks open now, there will be a massive run on the bank, and the banks will FAIL loosing all of its deposits, also causing an economic crash. TONIGHT there are demonstrations at most street corners and especially at the parliament building (just 2 miles from me).

Many are thinking that the ECB and EU are allowing Cyprus to fail as a test ground for new financial standards.

Just wanted all you guys to know the real story of whats going on here. Prayers are appreciated (although this is very interesting to watch) many of my local friends have lots of money in the banks.

Would similar things happen in the United States if there was a major banking crisis someday?

That is something to think about.

In any event, the problems in the rest of Europe continue to get even worse…

-The stock market in Greece is crashing. It is down by more than 10 percent over the past two days.

-The stock markets in Italy and Spain are experiencing huge declines as well. Banking stocks are being hit particularly hard.

-The Bank of Spain says that the Spanish economy will sink even deeper into recession this year.

-The latest numbers from the Spanish government show that Spain’s debt problem is rapidly getting worse

“The central government’s interest bill surged 15 percent last year to 26 billion euros, while tax receipts slumped 21 percent. The cost of servicing debt represented 30 percent of the taxes collected at the end of December, up from 20 percent a year earlier.”

-The euro took quite a tumble on Thursday and the euro will likely continue to decline steadily in the weeks and months to come.

For a very long time I have been warning that the next major wave of the economic collapse is going to originate in Europe.

Hopefully people are starting to see what I am talking about.

As this point, the major banks in Europe are leveraged about 26 to 1, and that is close to the kind of leverage that Lehman Brothers had when it finally collapsed. As a whole, European banks are drowning in debt, they are taking risks that are almost incomprehensible and now faith in those banks has been greatly undermined by what has happened in Cyprus.

Anyone that cannot see a crisis coming in Europe simply does not understand the financial world. A moment of reckoning is rapidly approaching for Europe. The following is from a recent article by Graham Summers

At the end of the day, the reason Europe hasn’t been fixed is because CAPITAL SIMPLY ISN’T THERE. Europe and its alleged backstops are out of money. This includes Germany, the ECB and the mega-bailout funds such as the ESM.

Germany has already committed to bailouts that equal 5% of its GDP. The single largest transfer payment ever made by one country to another was the Marshall Plan in which the US transferred an amount equal to 5% of its GDP. Germany WILL NOT exceed this. So don’t count on more money from Germany.

The ECB is chock full of garbage debts which have been pledged as collateral for loans. If anyone of significance defaults in Europe, the ECB is insolvent. Sure it can print more money, but once the BIG collateral call hits, money printing is useless because the amount of money the ECB would have to print would implode the system.

And then of course there are the mega bailout funds such as the ESM. The only problem here is that Spain and Italy make up 30% of the ESM’s supposed “funding.” That’s right, nearly one third of the mega-bailout fund’s capital will come from countries that are bankrupt themselves.

What could go wrong?

Right now, close to half of all money that is on deposit at banks in Europe is uninsured. As people move that uninsured money out of the banks, the amount of money that will be required to “fix the banks” will go up even higher.

It would be wise to try to avoid the big banks at this point – especially those with very large exposure to derivatives. Any financial institution that uses customer money to make reckless bets is not to be trusted.

If you can find a small local bank or credit union to do business with you will probably be better off.

And don’t think that this kind of thing can never happen in the United States.

One of the key players that was pushing the idea of a “wealth tax” in Cyprus was the IMF. And everyone knows that the IMF is heavily dominated by the United States. In fact, the headquarters of the IMF is located right in the heart of Washington D.C. not too far from the White House. When I worked in D.C. I would walk by the IMF headquarters quite a bit.

So if the United States thought that confiscating money from bank accounts was a great idea in Cyprus, why wouldn’t they implement such a thing here under similar circumstances?

The global elite are telling us what they plan to do, and the game has dramatically changed.

Move your money while you still can.

Unfortunately, it is already too late for the people of Cyprus.

US and UK public reject stronger military support for Syrian rebels

Syrian rebel, Aleppo 16/3/13

A Syrian rebel behind a makeshift barricade during clashes in Aleppo. The UK sends armoured vehicles and body armour to the rebels but the public oppose going further. Photograph: JM Lopez/AFP/Getty Images

(Guardian) -Americans and Britons are deeply sceptical about the idea of arming Syria‘s rebels and the possibility of sending western troops into the country, according to a bilateral poll.

Despite the escalating civil war, growing casualty figures and a rising tide of refugees flooding out of Syria, there is little appetite for more robust action than the current approach of providing “non-lethal support” to the rebels, the YouGov poll found.

There have been increasing demands on Capitol Hill to arm the opponents of the Assad regime or intervene more directly, and this week Barack Obama toughened his own rhetoric amid contested claims about Damascus using chemical weapons. But the new binational survey – produced for YouGov-Cambridge, the polling company’s academic thinktank – finds US voters opposed to the idea of supplying munitions by a 29-point margin: 45% against to 16% in favour.

Identical questions were posed in Britain, where David Cameron has, with the French president, François Hollande, recently tried and failed to persuade the EU to lift its arms embargo. But the British public emerges as even more strongly against: 57% oppose arming the rebels and 16% are in favour.

In both the UK and the US, opposition to arming the rebels is marked on the right as well as the left of the political spectrum: 52% of American Republicans and 63% of British Conservatives are against supplying arms.

Any thought of sending western troops into Syria would also be badly received – especially in the UK. By a 32-point margin (55%-23%) Britons reject the idea of sending in UK and allied troops to protect civilians. The anti-intervention lead rises to 59 points (68%-9%) if the aim were “overthrowing President Bashar al-Assad”.

In the US too, proposals to put boots on the ground would run up against public opinion. Americans lean 33%-27% against sending in troops “to protect civilians”, and are more decisively against directly enforcing regime change, splitting 42%-16% against. Although more Republicans (22%) than Democrats (14%) would be prepared to support the latter, the partisan difference are not as great might have expected given the continuing divisions over the war to topple Saddam Hussein.

Syria_interventions.png Syria_interventions.png
A decade on from the invasion of 2003, YouGov reaffirms the verdict of other pollsters and finds a rough two-to-one (53%-27%) balance of Britons saying that the war launched by George Bush and Tony Blair was wrong rather than right.

US opinion is more evenly divided, with those who believe the war was right holding a slim 41%-38% edge. And whereas in Britain, opposition is consistent across supporters of different parties, in the US the political divide is stark. Democrats judge the war a mistake by a 53%-23% margin, but Republicans remain even more convinced that it was right, splitting 72% to 12% in favour.

While no political faction in either Britain or the US is comparably belligerent in connection with Syria, the mood is not isolationist either. There are strong majorities in favour of the official policy on both sides of the Atlantic, of providing the rebels with “non-lethal support”.

In the US the Obama administration has concentrated on softer support, such as food and medical supplies, but the question’s wording also referred to “armoured vehicles and body armour”, the sort of harder-edged interpretation of “non-lethal” supplies being emphasised by London.

Even with the proposition put in these terms, Americans split 45%-24% in favour of providing the supplies, a 21-point margin. In Britain, the 57%-22% pro-intervention majority on this count is even more emphatic, at 35 points.

For pro-intervention hawks, such as Senator John McCain in the US and increasingly Cameron himself in Britain, there is another encouraging finding. Respondents on both sides of the Atlantic are in favour of “enforcing a no-fly zone over Syria so the Syrian air force cannot attack rebels or civilians”. In the UK that proposition wins public support by a 43-point margin, with 61% in favour and 18% against. In the US there is a 50% to 18% majority behind the same proposition.

If these results point to mixed public attitudes to Syria, YouGov-Cambridge’s detailed analysis on the legacy of Iraq also defies easy characterisation.

Britons are disinclined to believe the conflict made the world a safer place – only 14% say so, as against 38% who judge it has made the world more dangerous and 40% who say it made little difference. They are likewise disinclined to believe the invasion made the lives of ordinary Iraqis better (only 24% think so), and by 71% to 12% they also believe Iraq will remain “permanently unstable” as opposed to becoming a “peaceful democracy”. Americans are somewhat more sanguine on all these counts, in line with their less hostile overall verdict on the war, but in the United States, too, a clear majority of 56% believes Iraq is set for permanent instability.

When memories of Saddam Hussein are invoked, however, the picture changes: by 41% to 21% Britons judge that despite the suffering of war Iraqis would have been even worse off under the rule of Saddam, and in the US opinion leans the same way, by 46% to 17%. These final results seem out of kilter with the UK’s anti-war sentiment in particular. It could be that some respondents are reasoning that while Iraqi life would have been worse under Saddam he might by now have been brought down by other means – or it could be that people give different answers to similar questions phrased in different ways.

YouGov-Cambridge surveyed 1,684 British adults online on 10 and 11 March and a further 1,962 on 13 and 14 March, and 1,022 American adults online from 12 to 14 March. The figures have been weighted and are representative of British and American adults aged 18 or over

Ambassador: US providing $114 million in aid to Syrian rebels

 

syrianrebels

 

(Theuglytruth and TheHill) – The Obama administration is providing the Syrian opposition with $114 million in aid, more than previously revealed, to help topple Bashar Assad, U.S. Ambassador Robert Ford told Congress on Wednesday.

Ford briefed House appropriators in a closed-door hearing following Secretary of State John Kerry’s announcement last month that America would provide $60 million in direct food and medicine assistance to the Syrian Opposition Coalition. The aid, Ford said, is in addition to $54 million in communications gear and other aid already offered to “disparate Syrian opposition groups across the country to build a network of ethnically and religiously diverse civilian activists.”

“Preserving national unity and laying the foundation for a free Syria that respects the rights of all its citizens is essential if we are to secure a Syria that helps rather than threatens stability in the heart of the Middle East,” Ford told the committee, according to his opening statement, which was obtained by The Hill. “Collapse and fragmentation of the Syrian state or its takeover by extremists would worsen the risks associated with chemical weapons security, terrorist bases, and new refugee flows inundating neighboring states. Those outcomes would directly threaten our interests.”

He said the State Department would create a small grants initiative the Syrian Opposition Council would use to help local councils meet the needs of their citizens, including “supporting the work of these new governing institutions and helping them undertake service delivery projects for their communities.” And the U.S. Agency for International Development will create two programs designed to have “immediate impact”: One to provide short-term assistance for urgent needs, such as fuel, heaters, and nutritional and educational supplies for children; the other, to support strategic, longer-term needs such as repairing schools, local power, and sanitation.

“The membership is very concerned and the ambassador was very straightforward in what he had to say,” said Rep. Kay Granger (R-Texas), the chairwoman of the Appropriations subcommittee on foreign operations. “A lot of questions, there aren’t answers to yet because we don’t know the end-game.”

Rep. Charlie Dent (R-Pa.) said he pressed for answers about the White House’s decision to override last summer’s recommendations from Secretary of State Hillary Clinton and Defense Secretary Leon Panetta to arm the rebels.

“Those are the concerns I had,” he said.

Rep. Adam Schiff (D-Calif.), who represents a number of Syrian-Americans, has pressed the Department of Homeland Security to grant emergency temporary visas to the nearly nearly six thousand Syrian nationals with approved immigrant petitions.

“We’re trying to be as aggressive as we can without taking the risk that the assistance we give could be used against us down the road,” he said. “We continue to probe on the best way to assist the opposition.”

Speculation rife over death of 9/11 truther Phillip Marshall

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(Digital Journal) -9/11 truther Phillip Marshall penned conspiracy theories in  his books, believing the Bush administration worked with Saudi intelligence to  facilitate the attack on the twin towers. Now Marshall’s own death in February  has turned into a conspiracy theory.

Digital  Journal reported the death of Phillip Marshall and his two teenage children  was determined to be a murder-suicide. However, the death of Marshall has led to  speculation that he and his children were the victims of a professional murder  involving the CIA as details of his own past involvement with CIA black  operations are revealed.

Wayne Masden, former national security  officer, claims he is “100 percent certain that 9/11 investigator and  author Philip Marshall and his two children were killed in a black ops hit.” He  said “the crime scene was illegally cleaned up by professionals.”

Conspiracy theories regarding  Marshall’s death are at odds with the official account so far released.

The Calaveras County Sheriffs  Department claimed “Philip Marshall killed his two teenage kids, his dog, and  himself” according to 21st Century Wire, further noting “the police have no  motive, no suicide note, and no indication that Marshall fit the profile of  someone who murdered the two people closest to him.”

Toxicology and pathology reports are  still pending the Santa Barbara Review reports, even though police have  already labelled the three deaths as murder-suicide.

According to the EU Times, Marshall, who believed the reported account of the  death of Osama bin Laden was a farce, was working on his fourth book which could  be his death warrant.

 

Americans Protest Against AIPAC Conference

 

Presstv.ir March 7, 2013

With mock settlements, an apartheid wall and chants urging for cuts in funding to Israel, protesters collected outside of the American Israel Public Affairs Committee commonly called AIPAC.

They’ve come here from around the country for what they say is an important issue largely ignored by US media. Activist groups such as CODEPINK and others spring into activist mode every year to protest the Israel lobby’s annual policy conference.

AIPAC is considered the most powerful lobbying group in support of Israel. The power comes from money. The committee operates on a budget of $67 million each fiscal year. Some of that money goes to politicians through smaller organizations and committees, many of which support Israeli interests.

There are an estimated 13,000 people who attend the AIPAC conference. It’s a gathering that reportedly attracts more members of the US government than virtually any event other than the President’s State of the Union address.

More cities get military tanks they don’t need

 

 

(Image credit: The Brain Toad/Flickr)

 

(EndTheLie) -Last month I reported on how Georgia law enforcement agencies have acquired a massive arsenal of military-grade vehicles and weapons through  the Department of Defense. Unfortunately, it’s far from isolated.

Many law enforcement agencies acquire military equipment through the Pentagon’s 1033 program. Police have also acquired military robots through the DoD but they have other  ways to get their hands on armored surveillance vehicles and armored personnel carriers as well.

Indeed, the Department of Homeland Security gave the city of Keene, New  Hampshire, with a population of less than 25,000, $285,933 to buy an armored  counter-attack vehicle called a BearCat, according to Radley Balko.

Keene has had a whopping three murders since 1999 according to City Data and according to the American Civil Liberties  Union (ACLU), the city lied about the need for the tank-like vehicle built by Lenco Industries, Inc.

The ACLU points out that a Keene City Councilmember actually admitted that  the city lied about their need for the BearCat to DHS.

“Our application talked about the danger of domestic terrorism, but that’s  just something you put in the grant application to get the money,” the  councilmember said, according to the ACLU. “What red-blooded American cop isn’t  going to be excited about getting a toy like this? That’s what it comes down  to.”

Another example of this type of completely unnecessary equipment being  acquired by a law enforcement agency can be seen in Richland County, South  Carolina.

With a violent crime rate down 3.7% and property crime down 3.9% compared to last year, Richland doesn’t seem to have a  massive crime problem. Furthermore, many of the crimes there are related to drug  use or gambling, according to the ACLU.

Yet Richland’s Sheriff’s Department for some reason has an armored personnel  carrier they call “The Peacemaker.”

As was reported by Reason in 2008, the armored personnel carrier has a belt-fed  .50-caliber turreted machine gun which even the US military is reluctant to use  on humans.

(Image credit: mpeake/Flickr)

(Image credit: mpeake/Flickr)

How exactly a weapon usually reserved for use against armored vehicles will “save lives” is anyone’s guess.

These, like the examples in Georgia are far from isolated.

“Law enforcement agencies throughout the country have sweeping access to military equipment and to billions of  dollars in federal grant money to purchase heavy weaponry designed for overseas  combat missions, as well as access to anti-terrorism tactical training,” the  ACLU reports.

The ACLU recently launched a new project on the militarization of policing in America in response to  this growing trend.

While some may claim this type of equipment is necessary to assure the safety  of officers when facing massive shootouts or similar encounters, in reality, the  use is much more mundane in most cases.

“And in Maryland, the transparency law has shown that police departments in  the state are using SWAT tactics in precisely the ways critics have claimed: to  break into homes to serve warrants on people suspected of low-level drug  crimes,” according to a March 6 article by Radley Balko. “Many times, they’re not  even finding enough contraband to make an arrest. Yet there haven’t been any  calls in the state to reform the way SWAT teams are used.”

The disturbing results of the militarization of police are many. In 2010 a nine-year-old girl was shot in the neck and killed by a  SWAT team.

(Image credit: verifex/Flickr)

(Image credit: verifex/Flickr)

Shortly before she was killed, the SWAT team threw a flashbang grenade through the window of her home in Detroit,  Michigan, immediately setting her blanket on fire.

In another incident, Iraq war veteran Jose Guerena was shot 60 times by a  SWAT team when serving a search warrant as part of a multi-house drug  crackdown.

Guerena he picked up his own gun (but didn’t fire it) in an attempt to defend  his family after his wife saw a shadowy figure in their front yard holding a  gun. Police later defended their actions after retracting their claim  that Guerena shot first and declining to say if they found any drugs in his  house.

According to the ACLU, their affiliates in 23 states filed over 255 public  records requests on March 6 with law enforcement agencies and National Guard  offices to “determine the extent to which federal funding and support has fueled  the militarization of state and local police departments.”

More on the ACLU’s new project can be seen here.

Did I forget anything or miss any errors? Would you like to make me aware of  a story or subject to cover? Or perhaps you want to bring your writing to a  wider audience? Feel free to contact me at admin@EndtheLie.com with your concerns, tips, questions, original writings, insults or just  about anything that may strike your fancy.

 

Are the elites going into hiding?

1aabbc

(InvestmentWatch) -Pope “quits” first time in 600 years.

Rockefellers flee to Fiji after they “stripped the US Federal Reserve System  of all major assets, just as previously they had stripped Fort Knox of all  deliverable, non-tungsten, gold.”

http://lightworkersxm.wordpress.com/2013/02/11/more-cracks-and-clost-closing-going-on-rockfellers-scarper-to-fiji-all-eyes-on-nazi-queen-lizzie-2-as-pope-ratslinger-throws-the-towel-in-on-a-disgraceful-career-of-total-disgust/

Congress leaves town for a quote “LONG WEEKEND” with no deal struck.  Sequester hits the fan.

http://radio.foxnews.com/2013/02/28/congress-leaves-without-avoiding-sequester-video/

http://washingtonexaminer.com/congress-leaves-town-after-failing-to-stop-sequester/article/2522909

Head of DHS “quits” unexpectedly

“I extend my deepest appreciation to DHS Chief of Staff Noah Kroloff for his  over four years of service to the Department of Homeland Security and his eight  years of service to me while I served in Arizona as Governor and Attorney  General. Noah has been a trusted advisor, a good friend, and a superb Chief of  Staff to this department. Since January 2009, he has been instrumental in  establishing and guiding many of the department’s key initiatives,” wrote Napolitano, according to the email obtained by Mike Allen. – See more  at:  http://www.weeklystandard.com/blogs/chief-staff-out-dhs_704981.html#sthash.xzXvmCcp.dpuf

http://www.weeklystandard.com/blogs/chief-staff-out-dhs_704981.html

Queen Lizzy cancels all engagements.

Dutch Queen Beatrix announced that she will abdicate on April 30  after 33 years as head of state,  clearing the way for her eldest son, Crown Prince Willem-Alexander, to become  the nation’s first king in more than a century.

http://www.usatoday.com/story/news/world/2013/01/28/dutch-queen-beatrix-abdication/1871275/

This CANNOT be ignored. The list keeps growing. Something IS up. Time to  bring in the tomatoes.

http://www.philly.com/philly/news/nation_world/20130228_ap_benedictbecomes1stpopein600yearstoresign.html

– See more at:  http://investmentwatchblog.com/are-the-elite-going-into-hiding-pope-quits-head-of-dhs-quits-rockefellers-flee-to-fiji-queen-cancels-engagements-more-list-growing-daily/#sthash.IqeWU8II.dpuf Read more at http://investmentwatchblog.com/are-the-elite-going-into-hiding-pope-quits-head-of-dhs-quits-rockefellers-flee-to-fiji-queen-cancels-engagements-more-list-growing-daily/#WGHJptdc0ezxqSCK.99

Obama’s Citizen Army: H.R. 748 Would Require All Persons In The US 18-25 To Perform National Service

 

aliar

 

 (CAV quickbit- Derek Wood)  “I’m not a dictator,” says Obama.

(Examiner) -There has been speculation regarding President Obama’s “citizen army”.

In 2008, President Obama made statements regarding a “civilian national security force”. Since that day, many have been curious as to what President Obama had in mind when he made that statement. Rep. Charles Rangel (D-NY13) may have just given a bit of insight into what was meant when he introduced H.R. 748 last week.

“We cannot continue to rely on our military in order to achieve the national security objectives we’ve set. We’ve got to have a civilian national security force that’s just as powerful, just as strong, just as well-funded,”Obama said as a candidate in 2008.

H.R. 748 would require all persons in the United States between the ages of 18 and 25 to perform “national service”. These persons in the United States would either serve the country as a member of uniformed services or as civilian service. The civilian service could be served with a Federal, State, or local government program. The local government programs include community-based organizations. H.R. 748 would “authorize the induction of persons in the uniformed services during wartime to meet end-strength requirements of the uniformed services, to provide for the registration of women under the Military Selective Service Act, and for other purposes”

 

US, EU may start training and equipping Syrian rebels

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(RT)-The US and Europe may begin equipping the rebel Free Syrian Army (FSA) with vehicles, body armor, night vision gear and binoculars, as well as military training. The decision is expected after a key conference on Syria in Rome.

Until now, Western countries’ official support to the forces fighting against Syrian President Bashar Assad was limited to direct contact, logistical assistance and political backing.

 

Several top figures in the Obama administration, including former Secretary of State Hillary Clinton, former Defense Secretary Leon Panetta and former CIA chief David Petraeus pushed for closer engagement with the Syrian rebels last year, which would likely include arming them.

 

The White House rejected the plan at the time, fearing that the arms would end up in the hands of Islamist forces like the Nursa Front group, which the US considers a terrorist organization. US officials said it was too difficult to fully vet the recipients of the proposed deliveries; that policy has now apparently changed.

 

The pending shift was hinted at on several occasions as new US Secretary of State John Kerry toured Europe recently. He pledged not to leave the Syrian opposition “dangling in the wind,” after meeting British Prime Minister David Cameron and Foreign Secretary William Hague. The new US policy will likely be voiced after an international conference of the ‘Friends of Syria’ in Rome on Thursday.

 

A delegation from the exiled Syrian National Coalition will be attending the Rome conference, despite earlier threats to boycott it. The group reversed course and agreed to attend after a series of phone calls to the coalition leader Mouaz Khatib from top US officials.

 

European advocates said the Free Syrian Army should be provided with large supplies of munitions, including military vehicles, body armor and night vision goggles, as well as tactical and strategic training. This position is privately supported by Britain, France, Germany and Italy, a European official told the Washington Post on condition of anonymity.

 

London and Paris have pushed to lift an EU embargo on arms trades to Syria. However, the ban was prolonged until at least May, as some nations in the 27-member union have refused to lift it.

 

British Foreign Secretary William Hague (R) and US Secretary of State John Kerry (L). (AFP Photo / Ben Stansall)

British Foreign Secretary William Hague (R) and US Secretary of State John Kerry (L). (AFP Photo / Ben Stansall)

 

 

The US appears more skeptical, and is reluctant to include body armor and training in the package, Washington sources told AP, though it would not oppose its European allies on the matter, sources said.

 

When asked Tuesday about the prospects for expanding US military support for the rebels, Kerry said he would not speculate on the outcome of the meeting with opposition leaders.

 

“We’re going to Rome to bring a group of nations together precisely to talk about this problem,” Kerry said. “I don’t want to get ahead of that meeting or ability to begin to think about exactly what will be a part of it.”

 

The Syrian opposition relies on arms smugglers from Turkey and Jordan, and raids on Syrian army depots, for weapons and ammunition; rebel groups with better financial standing and more ruthlessness end up with the best equipment. Most of the arms funneled to Syria went to hardline Islamists, according to a US assessment cited by the New York Time last October.

 

The Nusra Front, which is estimated to have some 5,000 fighters operating in Syria in small semi-independent groups, has to a large degree sidelined the relatively moderate Free Syrian Army. The groups remain at odds not only with the Assad government in Damascus, but also with each other, holding different visions for the future of Syria.

 

In an effort to boost the FSA and undermine the Nursa Front, Washington had Saudi Arabia and other Arab countries deliver arms to the FSA from Croatia, according to the New York Times. Rebels said that the shipment included anti-aircraft and armor-piercing weapons, mortars and rocket launchers.

Montana votes 20-0 in favor of anti-NDAA bill

ndaa

(Activist Post) -The anti-NDAA movement continues to gain traction. There is still much more work to be done as part of Operation Homeland Liberty, but People’s Blog for The Constitution highlights the latest development we can add to the victory column in Montana’s step toward resisting federal intrusion.

By a vote of 20-0, a bill that bans cooperation with federal agents over the National Defense Authorization Act (NDAA) has just passed the Montana House Judiciary Committee. Known as HB 522, the bill would also require the state’s attorney general to report any attempts by federal officials who try to enforce the NDAA. HB 522 is now one step closer to becoming law.

Additional details below with contact information for Montana legislators..

Introduced by freshman Republican state Rep. Nicholas Schwaderer, the bill has gathered over 20 Democratic and Republican cosponsors in the House, including the Speaker Pro Tempore Austin Knudsen and the chair of the Judiciary committee, Krayton Kerns.

Speaking at a committee hearing on Wednesday, Schwaderer articulated why he opposes the NDAA and indefinite detention: “There’s a lot of us on both sides of the aisle that feels that this flies in the face of habeas corpus and a free society and the better part of a millennium of human progress.”

View previous reports on how Montana and communities all across the nation are working to stop the NDAA and restore due process. You can find contact information for Montana legislators online.

Address letters to:
Senator XXXX
Montana Senate
PO Box 200500
Helena, MT 59620-0500

or

Rep. XXXX
Montana House of Representatives
PO Box 200400
Helena, MT 59620-0400

By Fax

During sessions:
House 406-444-4825
Senate 406-444-4875

Please visit constitutioncampaign.org and lend your support for this and other NDAA activist initiatives.

Feds Buy Two Billion Rounds of Ammunition

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(Breitbart) -Something strange is going on. Federal non-military agencies have bought two billion rounds of ammunition in the last 10 months. The Obama Administration says that federal law enforcement agents need the ammunition for “mandatory quarterly firearms qualifications and other training sessions.”

Radio show host Mark Levin is suspicious. He commented:

To provide some perspective, experts estimate that at the peak of the Iraq war American troops were firing around 5.5 million rounds per month. At that rate, the [Department of Homeland Security] is armed now for a 24-year Iraq war. A 24-year Iraq war! I’m going to tell you what I think is going on. I don’t think domestic insurrection. Law enforcement and national security agencies, they play out multiple scenarios. … I’ll tell you what I think they’re simulating: the collapse of our financial system, the collapse of our society and the potential for widespread violence, looting, killing in the streets, because that’s what happens when an economy collapses. I suspect that just in case our fiscal situation, our monetary situation, collapses, and following it the civil society collapses, that is the rule of law, they want to be prepared. I know why the government’s arming up: It’s not because there’s going to be an insurrection; it’s because our society is unraveling.

Even though the National Rifle Association says that the amount of ammunition bought isn’t excessive, considering the number of federal agents and the fact that the ammunition is used over a five-year period, there are others who question why the need for so many federal agents. Among them is Jeff Knox, director of The Firearms Coalition, who said:

It’s not the number of bullets we need to worry about but the number of feds with guns it takes to use those bullets. There are currently more than 70 different federal law enforcement agencies employing over 120,000 officers with arrest and firearms authority . . . That’s an increase of nearly 30 percent between 2004 and 2008. If the trends have continued upward at a relatively steady rate, that would put the total number of federal law enforcement officers at somewhere between 135,000 and 145,000. That’s a pretty staggering number, especially when you consider that there are only an estimated 765,000 state and local law enforcement officers. That means that about one in seven law enforcement officers in the country works directly for the federal government, not a local jurisdiction.

You have been lied to by the Government, again – and here’s how you can know

You have been lied to by the Government

(Prepper Podcast Radio) -“People think that a liar gains a victory over his victim. What I’ve learned is that a lie is an act of self-abdication, because one surrenders one’s reality to the person to whom one lies, making that person one’s master, condemning oneself from then on to faking the sort of reality that person’s view requires to be faked…The man who lies to the world, is the world’s slave from then on…There are no white lies, there is only the blackest of destruction, and a white lie is the blackest of all.”

― Ayn Rand, Atlas Shrugged

“When truth is replaced by silence,the silence is a lie.” Yevgeny Yevtushenko

As an investigator I learned early two things: How to lie well enough to get the information I wanted, and the other is never to believe what you’re told. As Ronaldus Magnus (Ronald Reagan) love to repeat, “Trust, but verify”. It is an old Russian proverb that I’m afraid many people have never learned.

Fox News recently ran a story by the Associate Press, presenting the Government’s case in the ammunition purchase. But it was poorly written and the reporter did not ask the right questions, nor did they do all their homework.

From the story:

ICE’s ammunition requests in the last year included:

  • 450 million rounds of .40-caliber duty ammunition
  • 40 million rounds of rifle ammunition a year for as many as five years, for a total bullet-buy of 200 million rounds
  • 176,000 rifle rounds on a separate contract
  • 25,000 blank rounds

This small segment highlights the poor research conducted by the AP reporter. Right off the top – The 176,000 rifle rounds were cancelled. As we reported 2 October 2012:

“Put this in the “I don’t believe it” file, but something unusual has happened. The Department of Homeland Security /Immigration Customs Enforcement (DHS/ICE) has CANCELLED their request to purchase 176,000 rounds of .308 hollow point boat tail ammunition. According to an email that was passed onto me, Harry at the Federal Service Desk stated that a notice could be cancelled for a variety of reason.”

Another glaring issue is the “450 million rounds purchased”. What are not considered are prior year purchases. The following chart provides the breakdown of three branches of DHS that purchases ammunition: Immigration and Customs Enforcement (ICE), Customs Border Protectorate (CBP), and the Federal Law Enforcement Training Center (FLETC) over the past four years.

2009

2010

2011

2012

ICE

575,759,800

487,200

350,004,000

165,012,000

CBP

1,000

77,400

88,000

250,000,000

FLETC

69,920

20,000

154,000

63,742,350

I could present a chart, but ICE’s purchases make the others seem insignificant.  The large numbers are taking the total number of contracted purchases to the date the contract was signed. Many contracts were for 4 or 5 years. Click HERE for the Excel file.

If Mr. Obama’s administration had no ammunition at the very beginning, they certainly develop a stockpile very quickly.

Had the Associated Press reporter had done their job; they would have asked the following questions:

  1. If FLETC requires 15 million rounds a year, how did they get their required ammunition in 2009, 2010, and 2011?
  2. If FLETC borrowed ammunition from ICE, is it not possible that ammunition could be allocated to Mr. Obama’s Civilian Army Corps without public notification?
  3. If FLETC has contracted out for 63,000,000 rounds of various ammunition in 2012, why then are they purchasing 200,000 rounds of .40 caliber JHP ammunition in December 2012 and 140,000 rounds of 9 mm and 100,000 rounds of .40 caliber February 2013?
  4. If over 15 million rounds of .40 caliber JHP ammunition is required per year, why did ICE order 38 years of ammunition in 2009, and another 23 years in 2011?
  5. If over 15 million rounds of .223 EP ammunition is required per year, why did ICE order 11 years of ammunition in 2012?
  6. If over 15 million rounds of .40 caliber JHP ammunition is required per year, why did CPB order 13 years of ammunition in 2012?
  7. Does the DHS Inspector General know that the December 2012 contract may have been fraudulently awarded?
  8. If the grand total that we’ve come up with is: 1,405,455,670. That roughly translates to 1,000 people firing 1 round a second for 16 days, at what point has too much ammunition has been purchased?

Transferring assets from one Department or Agency is as easy as filling out a sheet of paper listing the departments, assets, and quantities involved. Don’t be fooled. Bureaucracy has been around since Roman times. Bureaucrats know how to manipulate paper, and how to make it disappear.

And the silence becomes the lie.

Reinstate Military Draft Bill Introduced to Include All Women

 

military draft

(Activist Post) -Rep. Charlie Rangel (D-NY) wants all Americans to serve their government, including women. On Friday he introduced one bill that would reinstate the draft and another that would require all women to register for Selective Service as well.

Rangel introduced  The National Universal Service Act(H.R. 747) for the sixth time since first being proposed in 2003 during the Iraq war.  H.R 747 “would require 30 million people in the United States between the ages of 18 and 25 to perform two years of national service in either the armed services or in civilian life.”

Rangel also introduced the All American Selective Service Act (H.R. 748) which requires all women to enroll in the Selective Service System.  This would essentially double the number of registrants. The current law requires only men ages 18 to 25 to register, leaving approximately only 13.5 million in the registry.

“Now that women can serve in combat they should register for the Selective Service alongside their male counterparts,” said Rangel in a statement. “Reinstating the draft and requiring women to register for the Selective Service would compel the American public to have a stake in the wars we fight as a nation. We must question why and how we go to war, and who decides to send our men and women into harm’s way.”

The last time Rangel introduced the “draft” bill was in 2011 on the very same day the Obama Administration launched a preemptive war in Libya on no-fly zone orders from the U.N., without Congressional approval, and despite never having been attacked or threatened by Libya.

He admitted at the time that the Iraq war was based on lies, “on false pretenses of weapons of mass destruction and involvement in the 9/11.” Yet he still insisted more Americans should be ”sharing in duty and service.”

In one sense Rangel truly believes all Americans should serve their country in some capacity, especially because the military is stretched so thin where multiple tours of duty are resulting in increased PTSD and record suicide rates.

On the other hand, he also believes a draft would force more young Americans to question the necessity of current wars.

“I served in Korea, and understand that sometimes war is inevitable,” Rangel continued. “However military engagement should be our last resort. If we must go to war, every American should be compelled to stop and think twice about whether it is worth sending our brothers and sisters, and sons and daughters to fight. Currently less than one percent of America’s population is unfairly shouldering the burden of war.”

US taxpayers are set to lose $27 billion from financial bailout: Report

American taxpayers are expected to lose USD 27 billion from the 2008 financial bailout.

 
American taxpayers are expected to lose USD 27 billion from the 2008 financial bailout.
 
 
 
(PressTV)American taxpayers are expected to lose USD 27 billion from the 2008 financial bailout, as a report reveals further losses attributed to the US Treasury Department.

US taxpayers can expect to lose even more than the estimated USD 22 billion made in the fall last year, due to increased losses for the Treasury Department on sales of shares in bailed-out companies, according to a report released on Wednesday by the special inspector general for the Troubled Asset Relief Program (TARP).

The report said taxpayers could lose USD 5.5 billion specifically on Ally Financial – formerly called GMAC under a partnership with General Motors – in losses based on unsafe mortgages given right before the financial crisis. Ally owes USD 14.6 billion of the USD 17.2 billion in assistance it received.

The US government would also need to sell all General Motors shares it holds at USD 71.86 per share, more than double the current price of USD 28. GM still owes USD 21.6 billion of the USD 49.5 billion bailout it received.

“Taxpayers saved GMAC, and they should not be put in the position of needing to save the company again,” said Special Inspector General Christy Romero, adding that both Ally and General Motors owe more than half of the USD 67.3 billion still owed to taxpayers by companies that were bailed out during the financial crisis.

The government watchdog went on to reveal fraud related to TARP during investigations that subsequently led to criminal charges against 119 people, including 82 senior company executives.

This comes as Romero accused the Treasury Department for providing “excessive” pay for executives tied to the bailed-out corporations rescued from the financial crisis including General Motors, Ally Financial and AIG – the largest bailout recipient at USD 182 billion.

After the 2008 financial crisis, Congress authorized USD 700 billion for the bailout of some of America’s largest companies. About USD 413 billion was eventually issued.

Who Runs The World? Solid Proof That A Core Group Of Wealthy Elitists Is Pulling The Strings

 

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(Economic Collapse) -Does a shadowy group of obscenely wealthy elitists control the world? Do men and women with enormous amounts of money really run the world from behind the scenes? The answer might surprise you. Most of us tend to think of money as a convenient way to conduct transactions, but the truth is that it also represents power and control. And today we live in a neo-feudalist system in which the super rich pull all the strings. When I am talking about the ultra-wealthy, I am not just talking about people that have a few million dollars. As you will see later in this article, the ultra-wealthy have enough money sitting in offshore banks to buy all of the goods and services produced in the United States during the course of an entire year and still be able to pay off the entire U.S. national debt. That is an amount of money so large that it is almost incomprehensible. Under this ne0-feudalist system, all the rest of us are debt slaves, including our own governments. Just look around – everyone is drowning in debt, and all of that debt is making the ultra-wealthy even wealthier. But the ultra-wealthy don’t just sit on all of that wealth. They use some of it to dominate the affairs of the nations. The ultra-wealthy own virtually every major bank and every major corporation on the planet. They use a vast network of secret societies, think tanks and charitable organizations to advance their agendas and to keep their members in line. They control how we view the world through their ownership of the media and their dominance over our education system. They fund the campaigns of most of our politicians and they exert a tremendous amount of influence over international organizations such as the United Nations, the IMF, the World Bank and the WTO. When you step back and take a look at the big picture, there is little doubt about who runs the world. It is just that most people don’t want to admit the truth.

The ultra-wealthy don’t run down and put their money in the local bank like you and I do. Instead, they tend to stash their assets in places where they won’t be taxed such as the Cayman Islands. According to a report that was released last summer, the global elite have up to 32 TRILLION dollars stashed in offshore banks around the globe.

U.S. GDP for 2011 was about 15 trillion dollars, and the U.S. national debt is sitting at about 16 trillion dollars, so you could add them both together and you still wouldn’t hit 32 trillion dollars.

And of course that does not even count the money that is stashed in other locations that the study did not account for, and it does not count all of the wealth that the global elite have in hard assets such as real estate, precious metals, art, yachts, etc.

The global elite have really hoarded an incredible amount of wealth in these troubled times. The following is from an article on the Huffington Post website

Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday.

The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such as real estate, gold, yachts and racehorses – puts the sum at between $21 and $32 trillion.

The research was carried out for pressure group Tax Justice Network, which campaigns against tax havens, by James Henry, former chief economist at consultants McKinsey & Co.

He used data from the World Bank, International Monetary Fund, United Nations and central banks.

But as I mentioned previously, the global elite just don’t have a lot of money. They also basically own just about every major bank and every major corporation on the entire planet.

According to an outstanding NewScientist article, a study of more than 40,000 transnational corporations conducted by the Swiss Federal Institute of Technology in Zurich discovered that a very small core group of huge banks and giant predator corporations dominate the entire global economic system…

An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

The researchers found that this core group consists of just 147 very tightly knit companies…

When the team further untangled the web of ownership, it found much of it tracked back to a “super-entity” of 147 even more tightly knit companies – all of their ownership was held by other members of the super-entity – that controlled 40 per cent of the total wealth in the network. “In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network,” says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

The following are the top 25 banks and corporations at the heart of this “super-entity”. You will recognize many of the names on the list…

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation

The ultra-wealthy elite often hide behind layers and layers of ownership, but the truth is that thanks to interlocking corporate relationships, the elite basically control almost every Fortune 500 corporation.

The amount of power and control that this gives them is hard to describe.

Unfortunately, this same group of people have been running things for a very long time. For example, New York City Mayor John F. Hylan said the following during a speech all the way back in 1922

The real menace of our Republic is the invisible government, which like a giant octopus sprawls its slimy legs over our cities, states and nation. To depart from mere generalizations, let me say that at the head of this octopus are the Rockefeller-Standard Oil interests and a small group of powerful banking houses generally referred to as the international bankers. The little coterie of powerful international bankers virtually run the United States government for their own selfish purposes.

They practically control both parties, write political platforms, make catspaws of party leaders, use the leading men of private organizations, and resort to every device to place in nomination for high public office only such candidates as will be amenable to the dictates of corrupt big business.

These international bankers and Rockefeller-Standard Oil interests control the majority of the newspapers and magazines in this country. They use the columns of these papers to club into submission or drive out of office public officials who refuse to do the bidding of the powerful corrupt cliques which compose the invisible government. It operates under cover of a self-created screen [and] seizes our executive officers, legislative bodies, schools, courts, newspapers and every agency created for the public protection.

These international bankers created the central banks of the world (including the Federal Reserve), and they use those central banks to get the governments of the world ensnared in endless cycles of debtfrom which there is no escape. Government debt is a way to “legitimately” take money from all of us, transfer it to the government, and then transfer it into the pockets of the ultra-wealthy.

Today, Barack Obama and almost all members of Congress absolutely refuse to criticize the Fed, but in the past there have been some brave members of Congress that have been willing to take a stand. For example, the following quote is from a speech that Congressman Louis T. McFadden delivered to the U.S. House of Representatives on June 10, 1932

Mr. Chairman, we have in this country one of the most corrupt institutions the world has ever known. I refer to the Federal Reserve Board and the Federal Reserve Banks. The Federal Reserve Board, a Government board, has cheated the Government of the United States and the people of the United States out of enough money to pay the national debt. The depredations and iniquities of the Federal Reserve Board has cost this country enough money to pay the national debt several times over. This evil institution has impoverished and ruined the people of the United States, has bankrupted itself, and has practically bankrupted our Government. It has done this through the defects of the law under which it operates, through the maladministration of that law by the Federal Reserve Board, and through the corrupt practices of the moneyed vultures who control it.

Sadly, most Americans still believe that the Federal Reserve is a “federal agency”, but that is simply not correct. The following comes from factcheck.org

The stockholders in the 12 regional Federal Reserve Banks are the privately owned banks that fall under the Federal Reserve System. These include all national banks (chartered by the federal government) and those state-chartered banks that wish to join and meet certain requirements. About 38 percent of the nation’s more than 8,000 banks are members of the system, and thus own the Fed banks.

According to researchers that have looked into the ownership of the big Wall Street banks that dominate the Fed, the same names keep coming up over and over: the Rockefellers, the Rothschilds, the Warburgs, the Lazards, the Schiffs and the royal families of Europe.

But ultra-wealthy international bankers have not just done this kind of thing in the United States. Their goal was to create a global financial system that they would dominate and control. Just check out what Georgetown University history professor Carroll Quigley once wrote

[T]he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basle, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.

Sadly, most Americans have never even heard of the Bank for International Settlements, but it is at the very heart of the global financial system. The following is from Wikipedia

As an organization of central banks, the BIS seeks to make monetary policy more predictable and transparent among its 58 member central banks. While monetary policy is determined by each sovereign nation, it is subject to central and private banking scrutiny and potentially to speculation that affects foreign exchange rates and especially the fate of export economies. Failures to keep monetary policy in line with reality and make monetary reforms in time, preferably as a simultaneous policy among all 58 member banks and also involving the International Monetary Fund, have historically led to losses in the billions as banks try to maintain a policy using open market methods that have proven to be based on unrealistic assumptions.

The ultra-wealthy have also played a major role in establishing other important international institutions such as the United Nations, the IMF, the World Bank and the WTO. In fact, the land for the United Nations headquarters in New York City was purchased and donated by John D. Rockefeller.

The international bankers are “internationalists” and they are very proud of that fact.

The elite also dominate the education system in the United States. Over the years, the Rockefeller Foundation and other elitist organizations have poured massive amounts of money into Ivy League schools. Today, Ivy League schools are considered to be the standard against which all other colleges and universities in America are measured, and the last four U.S. presidents were educated at Ivy League schools.

The elite also exert a tremendous amount of influence through various secret societies (Skull and Bones, the Freemasons, etc.), through some very powerful think tanks and social clubs (the Council on Foreign Relations, the Trilateral Commission, the Bilderberg Group, the Bohemian Grove, Chatham House, etc.), and through a vast network of charities and non-governmental organizations (the Rockefeller Foundation, the Ford Foundation, the World Wildlife Fund, etc.).

But for a moment, I want to focus on the power the elite have over the media. In a previous article, I detailed how just six monolithic corporate giants control most of what we watch, hear and read every single day. These giant corporations own television networks, cable channels, movie studios, newspapers, magazines, publishing houses, music labels and even many of our favorite websites.

Considering the fact that the average American watches 153 hours of television a month, the influence of these six giant corporations should not be underestimated. The following are just some of the media companies that these corporate giants own…

Time Warner

Home Box Office (HBO)
Time Inc.
Turner Broadcasting System, Inc.
Warner Bros. Entertainment Inc.
CW Network (partial ownership)
TMZ
New Line Cinema
Time Warner Cable
Cinemax
Cartoon Network
TBS
TNT
America Online
MapQuest
Moviefone
Castle Rock
Sports Illustrated
Fortune
Marie Claire
People Magazine

Walt Disney

ABC Television Network
Disney Publishing
ESPN Inc.
Disney Channel
SOAPnet
A&E
Lifetime
Buena Vista Home Entertainment
Buena Vista Theatrical Productions
Buena Vista Records
Disney Records
Hollywood Records
Miramax Films
Touchstone Pictures
Walt Disney Pictures
Pixar Animation Studios
Buena Vista Games
Hyperion Books

Viacom

Paramount Pictures
Paramount Home Entertainment
Black Entertainment Television (BET)
Comedy Central
Country Music Television (CMT)
Logo
MTV
MTV Canada
MTV2
Nick Magazine
Nick at Nite
Nick Jr.
Nickelodeon
Noggin
Spike TV
The Movie Channel
TV Land
VH1

News Corporation

Dow Jones & Company, Inc.
Fox Television Stations
The New York Post
Fox Searchlight Pictures
Beliefnet
Fox Business Network
Fox Kids Europe
Fox News Channel
Fox Sports Net
Fox Television Network
FX
My Network TV
MySpace
News Limited News
Phoenix InfoNews Channel
Phoenix Movies Channel
Sky PerfecTV
Speed Channel
STAR TV India
STAR TV Taiwan
STAR World
Times Higher Education Supplement Magazine
Times Literary Supplement Magazine
Times of London
20th Century Fox Home Entertainment
20th Century Fox International
20th Century Fox Studios
20th Century Fox Television
BSkyB
DIRECTV
The Wall Street Journal
Fox Broadcasting Company
Fox Interactive Media
FOXTEL
HarperCollins Publishers
The National Geographic Channel
National Rugby League
News Interactive
News Outdoor
Radio Veronica
ReganBooks
Sky Italia
Sky Radio Denmark
Sky Radio Germany
Sky Radio Netherlands
STAR
Zondervan

CBS Corporation

CBS News
CBS Sports
CBS Television Network
CNET
Showtime
TV.com
CBS Radio Inc. (130 stations)
CBS Consumer Products
CBS Outdoor
CW Network (50% ownership)
Infinity Broadcasting
Simon & Schuster (Pocket Books, Scribner)
Westwood One Radio Network

NBC Universal

Bravo
CNBC
NBC News
MSNBC
NBC Sports
NBC Television Network
Oxygen
SciFi Magazine
Syfy (Sci Fi Channel)
Telemundo
USA Network
Weather Channel
Focus Features
NBC Universal Television Distribution
NBC Universal Television Studio
Paxson Communications (partial ownership)
Trio
Universal Parks & Resorts
Universal Pictures
Universal Studio Home Video

And of course the elite own most of our politicians as well. The following is a quote from journalist Lewis Lapham

“The shaping of the will of Congress and the choosing of the American president has become a privilege reserved to the country’s equestrian classes, a.k.a. the 20% of the population that holds 93% of the wealth, the happy few who run the corporations and the banks, own and operate the news and entertainment media, compose the laws and govern the universities, control the philanthropic foundations, the policy institutes, the casinos, and the sports arenas.”

Have you ever wondered why things never seem to change in Washington D.C. no matter who we vote for?

Well, it is because both parties are owned by the establishment.

It would be nice to think that the American people are in control of who runs things in the U.S., but that is not how it works in the real world.

In the real world, the politician that raises more money wins more than 80 percent of the time in national races.

Our politicians are not stupid – they are going to be very good to the people that can give them the giant piles of money that they need for their campaigns. And the people that can do that are the ultra-wealthy and the giant corporations that the ultra-wealthy control.

Are you starting to get the picture?

There is a reason why the ultra-wealthy are referred to as “the establishment”. They have set up a system that greatly benefits them and that allows them to pull the strings.

So who runs the world?

They do. In fact, they even admit as much.

David Rockefeller wrote the following in his 2003 book entitled “Memoirs”

“For more than a century, ideological extremists at either end of the political spectrum have seized upon well-publicized incidents such as my encounter with Castro to attack the Rockefeller family for the inordinate influence they claim we wield over American political and economic institutions. Some even believe we are part of a secret cabal working against the best interests of the United States, characterizing my family and me as ‘internationalists’ and of conspiring with others around the world to build a more integrated global political and economic structure — one world, if you will. If that is the charge, I stand guilty, and I am proud of it.”

There is so much more that could be said about all of this. In fact, an entire library of books could be written about the power and the influence of the ultra-wealthy international bankers that run the world.

But hopefully this is enough to at least get some conversations started.

So what do you think about all of this? Please feel free to post a comment with your thoughts below…

The Great Seal Of The United States

Luxembourg Court Backs Iceland’s Decision Not to Pay Banker-created Debt

 

iceland-flag

(TheRealAgenda) -Who has to pay the bankers in Iceland’s banking crash? Not the Icelanders. Different from countries such as Spain and Ireland, Iceland decided that taxpayers should not pay for the excesses of an industry that had grown disproportionately, but most importantly, that had ramped up the country’s debt to a point where upwards of 90 % of the debt written under the country’s name was actually bank debt.

Iceland will compensate the British and Dutch two of the countries that had bet more heavily in the fictitious financial products offered by banks out of Iceland. The citizens said no twice through referendums, and now, five years after the collapse of its banking system, a Luxembourg court just gave the northern nation the reassurance that they did what needed to be done to get rid of the bankers’ tentacles.

The Court of the European Free Trade Association (EFTA) believes that the country did not violate any law when it refused to return to 300,000 savers money deposited in foreign entities offering some interests that then seemed to good to pass. “It is a victory for democracy. It sends the message that banks can not reap the benefits and send the bill to taxpayers when things go wrong, “says Magnus Skúlasson, an Icelandic economist.

The court, which also represented Norway and Liechtenstein, provides a very interesting nuance: Iceland is not obligated to pay as “the deposit insurance fund was unable to meet its obligations in the event of a systemic crisis “. The decision by the court would be equal to the FDIC fund not having enough cash to ensure the banking entities in the United States, with bankers demanding that U.S. taxpayers assumed the responsibility of a carefully crafted collapse of the American banking system. Just as in the case of Iceland, U.S. taxpayers would not be liable for the banks’ misconduct and therefore they wouldn’t have to pick up the tab.

A community spokesman was quick to answer that Brussels clings to the obligations of the deposit insurance funds that remain “valid also if there is a systemic crisis.” Nevertheless, the European Commission says it needs time to study the ruling. “The ruling is also good for the Netherlands and the UK. If they had won, it would mean that the nation-state is responsible for all bank deposits, something no country wants, “adds Jon Danielsson of the London School of Economics.

After the bankruptcy, the governments in London and Amsterdam used their coffers to compensate customers of the Icelandic bank. Shortly after they began the legal process that came to an end yesterday, as the ruling that Reykjavik considered “satisfactory”, does not admit any appeals.

Despite the support of the courts, Iceland has ended up paying some of the money. Reykjavik has already repaid about 3,300 million euros, about half of the total paid in Icesave, that corresponds to debt that the government itself was actually responsible for. The money corresponds to the debt from Landsbanki, one of three banks that failed in 2008 and led the entire country’s banking system to bankruptcy. The amount paid is more than 90% of the guaranteed minimum that the State was obliged to return.

China Just Threatened a Currency War If the Fed Doesn’t Stop Printing

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(Gains Pains and Capital) -The tension between Central Banks that we noted yesterday continues to worsen. This time it was China and the EU, not just Germany, that fired warning shots at the US Fed.

A senior Chinese official said on Friday that the United States should cut back on printing money to stimulate its economy if the world is to have confidence in the dollar.

Asked whether he was worried about the dollar, the chairman of China’s sovereign wealth fund, the China Investment Corporation, Jin Liqun, told the World Economic Forum in Davos: “I am a little bit worried.”

“There will be no winners in currency wars. But it is important for a central bank that the money goes to the right place,” Li said.

Speaking at the same session, French Finance Minister Pierre Moscovici voiced concern that the euro was becoming overvalued as a result of quantitative easing and other stimulus actions taken by other nations’ central banks.

“Certainly, the level of the euro is high and creates some problem,” he said, attributing the single currency’s recent gains partly to the return of confidence created by the European Central Bank and euro zone governments in starting to overcome Europe’s debt crisis.

http://www.reuters.com/article/2013/01/25/us-davos-currencies-idUSBRE90O10620130125

So first Germany begins pulling its Gold reserves from the US, and now China and the EU are saying publicly that the Fed’s policies are damaging confidence in the US Dollar.

This does not bode well for the financial system. The primary role of Central Banks is to maintain confidence in the system. If the Central Banks begin to turn on one another it is only a matter of time before the system breaks down.

Remember, every time the Fed debases the US Dollar it forces the Euro and other currencies higher, hurting those countries’ exports. The Fed has recently announced it will be printing $85 billion every month until employment reaches 6.5% (obviously the Fed is ignoring the mountains of data that indicate QE doesn’t create jobs).

How long will the other Central Banks tolerate this before they initiate a currency war? Both Germany and China have fired warning shots at the Fed. And we all know that just beneath the veneer of goodwill, tensions are building between the primary players of the global financial system. More importantly, how can investors profit from this? Remember, entire fortunes can be made during times of crises.

This is precisely the sort of “unquantifiable” investment analysis we specialize in with our Private Wealth Advisory newsletter.

With most of the markets dominated by computer programs and Wall Street sharks, the only way to make serious money is by focusing on the opportunities and risks that no computer or group-think Wall Streeter can come up with. If you can do this, you can still making a killing in the markets.

We’re speaking from experience here.

By focusing on investment ideas and portfolio risks that are “unquantifiable” we’ve shown  Private Wealth Advisory a success rate of OVER 80% on our investments.

Put another way, we’ve made money on more than eight out of ten investments. This includes a 74 trade-winning streak (from July 2011-July 2012 we didn’t close a single losing trade).

And this is not some flash in the pan either… Private Wealth Advisory has a history of beating the market and locking in serious gains when others are losing their shirts (we saw a 7% gain in 2008 when the markets fell over 30%)

Indeed, I’m so confident in this newsletter that it comes with a 30-day refund period. If you’re not totally satisfied with Private Wealth Advisory in the first month, simply drop us a line and we’ll refund every cent of your subscription.

You’ll have full access to the Private Wealth Advisory archives in that time. You’ll also receive two new hot off the press issues and very likely several trade signals (it’s getting close to time to close out our 7th and 8th straight winners).

To find out more about Private Wealth Advisory and how it can help you beat Wall Street and the market…

Italian Prosecutor Implicates Bilderberg Group and CIA for Massacres in Italy During the Seventies and Eighties

(Activist Post) The Bilderberg Group has now been directly implicated for the murder of Italian activists during the seventies and eighties.

According to Ferdinando Imposimato, a former prosecutor that investigated the Italian Mafia who is also an honorary president of the Italian Supreme Court, during a speech he delivered at a book launch revealed for the first time that the Bilderberg Group were responsible for massacres of political activists during the seventies and eighties in Italy.

Ferdinando Imposimato not only implicates the Bilderberg Group, he also reveals that the CIA and Bilderberg Group were working in partnership to destabilize the Italian political framework during the seventies and eighties.

While discussing how the Bilderberg Group and CIA tried to infiltrate Italy, Mr. Imposimato was quoted as saying:

The strategy (used by the CIA) was used to shift the political balance from right to center-left and then to left. This was orchestrated by the CIA.

Unknown to many, the Bilderberg Group has a long history of manipulating political frameworks around the world.
Within the last 12 months, prominent members of the Bilderberg Group have been appointed to the upper echelons of the United States and United Kingdom governments.

Interestingly, Italy has been represented at many Bilderberg Group meetings. In fact, at the last three Bilderberg Group meetings, 17 participants were Italian. On average, Italians make up 5% of the participants list at all Bilderberg Group meetings.

The following is a list of Italian Bilderberg Group participants:

Franco Bernabe, John Elkann, Mario Monti, Tommaso Padoa Schioppa, Paolo Scaroni, Giulio Tremonti, Gianni Agnelli, Umberto Agnelli, Alfredo Ambrosetti, Emma Bonino, Giampiero Cantoni, Lucio Caracciolo, Louis G. Cavalchini, Adriana Ceretelli, Innocent Cipolletta, Gian C. Citizens Cesi, Rodolfo De Benedetti, Ferruccio De Bortoli, Paolo Zannoni, Antonio Vittorino, Ignazio Visco, Walter Veltroni, Marco Tronchetti Provera, Ugo Stille, Barbara Spinelli, Domenico Siniscalco, Stefano Silvestri, Renato Ruggiero, Carlo Rossella, Virginio Rognoni, Sergio Romano Gianni Riotta, Alessandro Profumo, Romano Prodi, Corrado Passera, Cesare Merlini, S. Rainer Masera, Claudio Martelli, Giorgio La Malfa, Francesco Giavazzi, Gabriele Galateri, Paolo Fresco, John Elkann, Mario Draghi, Gianni De Michelis.

To learn more about the Bilderberg Group, click here.