"This is far and away the strongest global economy
I have seen in my business lifetime." -- USTreasury
Secy Henry Paulson, (July 2007)
"Goldman Sachs is a great vampire squid wrapped
around the face of humanity, relentlessly jamming its blood
funnel into anything that smells like money. -- Matt
"And as far as [Goldman Sachs] doing Gods work,
I think the bankers who took government money and then gave
out obscene bonuses are the same self-interested sorts Jesus
threw out of the temple." -- Maureen Dowd (New
UPDATE ON BANK SYSTEM
◄$$$ A GLOBAL BANK DISASTER RECOVERY EXERCISE TOOK
PLACE IN LATE OCTOBER!!! (ALERT) THIS COULD BE A SIGNAL
OF AN ANTICIPATED BANK SYSTEM FAILURE, OR A PLANNED BANK
SYSTEM SHUTDOWN. THE MOTIVE COULD BE TO IMPOSE A NEW VALUE
ON THE USDOLLAR, TO INSTALL A NEW USDOLLAR WITHIN THE UNITED
STATES, TO PILFER GRAND SUMS OF MONEY FROM ACCOUNTS, AND
TO CAUSE CONDITIONS THAT MIGHT LEAD TO HARSH POLITICAL CONDITIONS.
REFER TO MARTIAL LAW OR DECLARED STATE OF EMERGENCY.
Reports came from across the world on October 25 that a
long list of big banks from numerous countries were engaged
in nearly identical exercises. They occurred over the weekend,
when most operations are on hold. An industry wide disaster
recovery drill was being conducted, seemingly on a global
basis. The most common speculation aloud was the banks are
planning a shutdown in order to abruptly devalue the USDollar.
Some go futher and wonder if the supposed contrived National
Emergency over the swine flu, which has relatively low incidence
and fatalities, is merely a cover for for the currency collapse
that is taking place before our eyes.
Wells Fargo Investments announced it would participate
in an industry wide disaster recovery exercise which may
result in the brokerage website being unavailable for all
or part of the event, conducted on October 24 and 25. They
apologized for any inconvenience and thanked people for
their patience. The Clearing Corporation announced its goal
in their continuing effort to provide seamless trade processing
capability to their clearing participants in the event
of a disaster. Thus CCorp participated in the FIA Industry
Wide Disaster Recovery test scheduled for 24 October 2009.
As part of the test, CCorp provided clearing services from
its disaster recovery (DR) site in order to help firms test
their preparedness in the event that CCorp needs to relocate
to its DR site. See the CCorp message (CLICK HERE).
Pershing Clearing also joined the exercise. TD Ameritrade
announced systems maintenance scheduled for 25 October 2009
while they performed maintenance updates to ensure continued
high level service for clients. See the TD message (CLICK
From Europe, a consistent theme was evident. From the Netherlands, planned maintenance
was announced. The ING message in Dutch was "Onderhoud
Mijn ING. Vanwege onderhoud is Mijn ING op zondag 25 oktober
van 1:45 tot 6:00 en op maandag 26 oktober van 3:00 tot
6:00 niet beschikbaar en kunt u geen iDEAL-betalingen verrichten."
See the ING message (CLICK HERE).
A similar announcement was made at another Netherlands bank
site at ABN Amro. They announced necessary maintenance and
temporarily unavailable internet bank services. See the
ABN Amro message (CLICK HERE). Another bank in Belgium joined the exercise.
A more prominent voice also participated. Online banking
maintenance was announced by Barclays of England. For a
more complete catalog of the financial firms involved in
the planned coordinated exercise, see the Tree of Liberty
thread (CLICK HERE). Regard
this event as a something BIG going on in the banking world.
A globally connected banker made a trip to Europe in late October. Upon return, a message was sent my way as an
update on the deteriorating psychological condition among
bankers on the continent. He wrote, "Greetings from
Europe, the old continent. Yes, there
is quite obviously something mega going on that is much
bigger than governments can prevent from coming apart. The
nervousness and tension is so thick that you can cut the
air with a knife. I was in Geneva,
Berlin, and on my way out East. Everybody
tries to find a safe harbor for whatever liquidity they
hold. There are billions of US$ tranches out there that
are frantically looking to be converted into Euros, Yen,
Rubles, and Swiss Francs, or straight into hard assests.
It appears that the guys on the A-deck of the financial
USS Titanic finally realized that the lifeboat capacity
is limited and that the ship is going down. This entire
process is an exponential function accelerating with lightning
speed. System failure is imminent and unavoidable. There
is no market any longer, as 'they' are struggling to stay
afloat with the first guys on the A-deck drowning and no
one coming to their rescue. It will be total destruction
and annihilation with no prisoners taken."
◄$$$ SECURITY WITH BANK DEPOSIT BOXES IS SERIOUSLY
DEBATED. $$$ Ever since the Patriot Act went into effect
in 2002, without benefit of the USCongress even reading
the bill, under pressure and threats from anthrax in the
Congressional ventilation systems, much debate has come
regarding the true security and privacy of bank safety deposit
boxes. My understanding is that the Patriot Act forbids
the usage of bank safety boxes for holding jewelry, coins,
and other metal valuables. During a bank shutdown event,
such items might be simply stolen by the banks. The Act
stipulates that the purpose for safety desposit boxes is
for personal papers and documents, like Last Will &
Testament and property titles.
Privacy has been destroyed with bank safety boxes altogether.
Confiscation has become common. Banks are under extreme
pressure from insolvency and ruin. They are using flimsy
laws that permit them to seize contents of supposedly inactive
boxes and accounts. How does one prove a box is not inactive?
Banks are being protected by the courts in most cases. Across
the nation deposit boxes are being opened, contents seized,
then auctioned off by the banks to raise money. Bank
of America is the bank most often cited for violations.
Accounts are even been labeled as unknown, despite records
at the bank with clear identification. Often the state claims
the property if they initiate the process. Some states keep
the unclaimed property in a special trust fund and only
tap into the interest earned from it. But California has dumped the money into the general fund, and spends it.
The contents are supposed to be segregated and protected,
but they are not. California State Controller John Chiang
inherited the situation when he came into office. He said,
"What we have done here over the last two decades
has been dead wrong. We have kept the property and not provided
owners with the opportunities, the best opportunities, to
get their property back." He now faces the daunting
task of returning $5.1 billion worth of unclaimed property
to aggrieved people. Suing and recovering from the state
is often impossible. In many reported cases, important contracts,
property rights, treasured family documents, and other papers
were taken and shredded without regard for the owner or
their value. Stories abound. Bank lobby groups actively
argue against a halt to the abuse, since it is a real source
of income. In fact, all 50 states pay private contractors
10 to 12% commissions to locate and seize accounts for them.
It is an inherent conflict of interest that is outrageous,
but continues. See the David Vaughn article on the subject,
extended further to bank related claims abused (CLICK HERE). The events described
are part & parcel to a Police State, with banks acting
with an extension of the Gestapo.
BANKERS & THEIR
◄$$$ DESPITE THEIR SOMEWHAT RECOGNIZED BOND FRAUD,
AND ACCUSATIONS OF STOLEN T.A.R.P. FUNDS, SOME BANKERS STILL
MAINTAIN A STRONG MESSIAH COMPLEX. SEE GOLDMAN SACHS, WHOSE
CHIEF EXECUTIVE SUFFERS FROM DELUSIONS. A DEMONIC IMAGE
IS MORE SUITABLE. THE BANKERS FEEL BOLD, SINCE THEIR CRIMES
ARE PROTECTED BY THE USGOVT. $$$
Lloyd Blankfein is the CEO of Goldman Sachs. In a recent
speech, he mixed bank function with the divine in a gesture
that has resulted in sporadic outrage. This is an extraordinary
example of delusion, far worse than any Messiah Complex
held by medical doctors. He believes banks serve a social
purpose and do God's work. He said "We are very
important. We help companies to grow by helping them to
raise capital. Companies that grow create wealth. This,
in turn, allows people to have jobs that create more growth
and more wealth. We have a social purpose. Everybody should
be happy. Companies are looking to grow again and raise
money. That is where we come in. The financial system may
have led us into the crisis but it will lead us out."
In fact, the banking sector was responsible for attracting
truly gargantuan sums of money as it lured them away from
USTreasury Bonds into risky mortgage bonds and related leveraged
contracts. The result was the largest capital drain in
modern history. The Wall Street bankers became the
grandest parasites ever known to mankind in capital markets,
as fraud was their game. The drain occurred with money markets,
pension funds, insurance firms, annuities, personal savers,
and corporate paper that funds the supply chain, which account
for significant distraction away from business capital formation.
The attraction was to a ruinous bond fraud and orchestrated
bubble, still protected by the USGovt.
Thus the bond fraud and asset backed bond wreckage perpetrated
by Goldman Sachs and other Wall Street investment banks
is more responsible for the USEconomic recession and capital
destruction that any single factor. Blankfein went on to
rationalize the extreme executive bonuses and ill-gotten
corporate profits as evidence that the world economy was
recovering. He bypassed the USGovt role in supplying billion$
in TARP Fund aid, without conditions, and surely overlooked
the grotesque insider trading that goes on. The FBI continues
to cover up the revelation of their stock front running
ahead of NYSE with flash trades after monitoring its order
flow. See the Reuters article (CLICK HERE).
One must wonder what religious affiliation Blankfein embraces,
or perhaps he worships at a syndicate altar.
The Daily Bell summarized well a contrary point of view.
They wrote, There really is no defending what Goldman
Sachs does, which is to operate at the center of American
mercantilism, greasing the wheels of its manifold and stupendously
profitable enterprises by backing voluminous laws and
burnishing government relationships. Goldman almost
constantly seems to have one of its senior people at the
forefront of the American Treasury, and in other high government
places as well... Goldman is an intermediary. It puts together
buyers, sellers, and partners in business dealings. Goldman's
main profit comes when it benefits from one of the incredible
booms that central banks seem to engineer at least once
a decade, and for a good portion of each decade (present
decade perhaps excluded). Goldman's fees go up commensurately
during these periods. It is therefore a main beneficiary
of the ruin that central banking visits on much of the Western
world on a regular basis. Its business becomes even
more profitable when the economy heats up as a result of
excessive fiat money printing. Subsequently its fees, including
trading margins, go down during a bust. It is to Goldman's
advantage to encourage the kind of central banking difficulties
that the world currently suffers from because during
better times Goldman's profits are huge." Nicely
Maureen Dowd posted a column on the New York Times castigating
Goldman Sachs for their blood-sucking Messiah Complex. She
makes some great points in focused fashion. Through the
Treasury Secy conduit, they placated the USCongress with
a switch to stock option compensation in lieu of executive
bonuses, knowing they control the Plunge Protection Team
and the rules creation against bank short positions. They
arranged their own back-door gains. She wrote the following.
"The Great Vampire Squid has gotten religion...
Banks, Blankfein explained, are really serving the greater
good... When Arlidge asked whether it is possible to make
too much money, whether Goldman will ignore the people howling
at the moon with rage and go on raking it in, getting richer
than God, Blankfein grinned impishly and said he was 'doing
Gods work.' Whether he knows it, he is referring back to
The Protestant Ethic & The Spirit of Capitalism. Except,
of course, the Calvinists would have been outraged by the
banks vicious (not virtuous) cycle of greed and concupiscence.
Blankfeins trickle-down catechism is not working. Now we
have two economies. We have recovering banks while we have
10+% unemployment and 17.5% under-employment. The gross
thing about the Wall Street of the last decade is how much
its success was not shared with society... As many Americans
continue to struggle, Goldman, Morgan Stanley, and JPMorgan
Chase, banks that took government bailout money after throwing
the entire world into crisis, have said they will dish out
$30 billion in bonuses, up 60% from last year. The
saying used to be, whatever happens, the lawyers win. Now,
it is whatever happens, the bankers win. Under pressure
from regulators, who were trying to ensure that long-term
performance was rewarded, the banks agreed to award more
in stock, deferring cash payments. But as The Times reported
this week, the Goldman executives who got stock options
instead of bonuses last year, at market lows, got a windfall.
So it had nothing to do with bank employees performance.
And as far as doing Gods work, I think the bankers who
took government money and then gave out obscene bonuses
are the same self-interested sorts Jesus threw out of the
Allow the Jackass a more COMPREHENSIVE REBUTTAL. Most importantly,
the most powerful bankers worship money as their idol. It
is true, bankers do create what they believe to be money,
and that might be the foundation of their complex. This
control enables vast fraudulent bond and counterfeit systems
to be created, to function, to thrive, and to operate with
impunity. They operate with impunity ever since Goldman
Sachs took control of the USDept Treasury in 1992 with Robert
Rubin appointed by President Clinton. The executive branch
exerts significant control over high level law enforcement
and regulatory control. However, the big bankers have a
Messiah Complex that must be regarded in a revolting manner.
They are responsible for bond fraud, bond counterfeit, narco
money laundering, and possibly presidential assassinations
(see JFKennedy). They engage in predatory lending that reversed
the Ownership Society and turned it into a Foreclosure Society.
Home buyers were often duped and betrayed by predatory loans,
now homeless and angry. They bribe the USCongress so as
to subvert democracy, and place their associates in committee
head posts. They control the press networks in order to
direct presidential selection and election, in addition
to disseminating mundane weekly stories that help direct
money flow traffic according to their plans and bets. They
organize insider trading so as to act as a direct lodged
parasite upon the entire financial system. They manage the
Plunge Protection Team interventions in the financial markets
on behalf of the USGovt, which easily lift values of bank
shares where they own executive stock options.
Permit me to continue. The bankers steal entire nation's
banking systems (see Argentina in the 1990 decade).
They exploit global bank groups to extort from nations and
keep them in poverty through harsh rules and conditions
(see the World Bank and Intl Monetary Fund). They ruin broad
pricing systems in numerous financial markets, principally
the usury cost of money, as in the primary interest rates,
which in turn leads to asset bubbles, later to bust. They
devised a series of credit derivatives that act like nuclear
bombs wrapped around the global economy's neck with criss-crossed
fuses and unclear location of damage zones. These credit
derivatives now act as a queer sort of blackmail exerted
upon the US and global economy, almost
entirely without regulatory supervision. They lead the pervasive
political movement toward global fascism, tyranny, and dictatorship.
Apologies must be given for leaving out half a dozen
other important crimes, faults, plots, and general poxes
from this group of cancerous parasites suffering from megalomania.
These bankers strut like royalty, demand icon status in
society, are revered by the press and corporate heads alike,
but are often some of the greatest criminals ever to inhabit
States of America. Their actions are
often one wrung above the high treason on the crime ladder.
So no, let me disagree that the bankers are doing God's
work!! They are rumored to be heavily involved with Satanic
rituals in secret societies. So they are more likely
doing Satan's work!!
◄$$$ GOLDMAN SACHS THEFT & FRAUD LAID OUT. $$$
Matt Taibbi is a brave man. He has survived several rounds
with Golman Sachs, and still walks the earth. They attempted
to smear him, but failed. They threatened lawsuits against
him in court, but would not dare risk the discovery phase
with a spotlight shined upon their deeds and records. Insider
trading to the extreme has occurred in diverse manner and
in numerous arenas. They do not seem to care about hiding
their highest level frauds, since they control control of
the USDept Treasury and law enforcement, even regulators.
It is my opinion that GSax lies at the center of a syndicate
whose reach is perhaps global, which extends beyond the
financial sector. Their illegal enterprise is probably
at least as large as their legal business units. See the
Goldman Sachs massive theft laid out in a Lew Rockwell article
(CLICK HERE). Below is the
◄$$$ GOLDMAN SACHS SEIZES HOMES AFTER SELLING MORTGAGE
BONDS, THEN PURCHASING BONDS. THEY INVESTED HEAVILY IN SUBPRIME
MORTGAGE BONDS AND ARE ACTIVE IN THE HOME FORECLOSURE PROCESS.
$$$ Companies associated with Goldman Sachs have gone to
courts from California to Florida seeking approval to foreclose
on the homes of middle and lower income Americans who failed
to keep up with monthly payments on their loans. Here are
two stories that bravely take shots at GSax. The article
titles are "Why did blue-chip Goldman take a walk
on subprime's wild side?" (CLICK HERE) and "Goldman
takes on new role: taking away people's homes"
(CLICK HERE). Neither piece
is complimentary, each from the first week of November from
Goldman Sachs was late to the game of bond securitization
based upon subprime loans. When they entered, they did so
with some high flyers that quickly went bust like New Century.
In fact, GSax sold $5 billion in bonds backed by New Century
home loans long after their lending standards deteriorated
and a cash squeeze had taken firm grip. It was as though
GSax knew in advance of the bust, but wanted profits from
bond sales of tainted products. In all, GSax bought,
repackaged, and sold $135 billion worth of mortgage bonds
from firms that failed from the subprime meltdown. Never
forget that GSax also invested very heavily in CDSwap contracts
that profited from the meltdown itself, unlike most Wall
Street firms. GSax greased their own business backyard.
Along with other investment banks, GSax stood in a position
to gather $20 million in gains taking a 1% fee for assembling,
securitizing, and selling a $2 billion pool of mostly AAA
rated bonds backed by subprime loans. GSax earned million$
more by servicing the very same loans, and even more fees
by arranging sophisticated Interest Rate Swap contracts
to guard against interest rate moves. They set up a $450
million credit line of credit to New Century, known as 'warehouse
loans' in the trade, which were used to finance the issuance
of more home loans to other borrowers of marginal or wretched
quality. This was street crack cocaine drug dealing within
the mortgage finance industry at both ends of the supply
chain. The second article linked above provides stories
of misery for home buyers who suffered foreclosure, many
of whom were duped by predatory loans.
◄$$$ GOLDMAN SACHS MANIPULATION AND EXPLOITATION
OF THE CRUDE OIL MARKET IS MAGNIFICENT AND ONGOING. SOME
PAST EPISODES EXPOSE EGREGIOUS PROFITEERING, CARRYING OUT
A USGOVT AGENDA. THE I.C.E. WAS CREATED IN ORDER TO FACILITATE
GRAND FRAUD IN COMMODITY TRADING. THE RESULT IS A PARASITIC
COST INFLICTED ON THE GLOBAL ECONOMY, ILLICIT RUIN OF PRIVATE
INVESTMENT FUNDS, AND EXTREME ALIENATION BY FOREIGNERS.
Goldman Sachs, Morgan Stanley, British Petroleum, Total
(of France), Royal Dutch Shell, Deutsche Bank, and
Societe General founded the Intercontinental Exchange in
2000. The ICE is an online commodities and futures marketplace.
It lies outside the US
borders and therefore operates outside the constraints of
US laws. The ICE exchange was set up to facilitate 'Dark
Pool' trading in the commodities markets by large financial
firms and oil companies. Without taking oil delivery,
they ratchet up the price using various shady techniques.
A basic USCongressional investigation into energy trading
in 2003 discovered that ICE was being used to facilitate
'round-trip' trades, wherein transactions are executed
and immediately sold back to the original seller without
any product changing hands. When done on an exchange, the
practice sends a signal to the market that lifts price artificially,
and even boosts revenue for the company. This is nothing
more than a massive fraud, pure and simple. DMS Energy,
when investigated by Congress, admitted that 80% of its
trades in 2001 were 'round-trip' trades, bogus trades where
no commodity changed hands. Yet the balance sheets showed
added revenue. Furthermore, the co-existence of Brent crude
oil (mostly North Sea output) and West Texas crude oil enables Wall Street firms to game one market against
the other, and further manipulate price for their private
gain. In mid-2008 an estimated $260 billion was invested
in the Brent energy markets on the ICE, in sharp contrast
to the $4 to $5 billion worth of actual oil output from
the North Sea each month. Before
the ICE inception, the typical American family spent 7%
of its income on food and fuel. In 2008, the proportion
surpassed 20%. This data is evidence of deeply rooted
Note the tranquility of the commodity prices before
the 2000 introduction of the ICE exchange, and the relentless
rise after its launch. The Wall Street spinmeisters blamed
it on Chinese growth and its higher demand, which is only
part of the story. Corrupt price mechanisms is the other
part of the story. The Goldman Sachs Commodity Index funds
accounted for $60 billion out of $100 billion of all managed
commodity funds in 2007. Investors in the GSCI lost 15%
in 2006 while Goldman had a record year. They routinely
steer the contracts at the end of the rollover periods,
when one contract ends and another begins. They manipulate
prices up or down to suit their objectives, and pocket huge
profits, with contracts stipulating their right to settle
at the very end of contract duration. Examples of manipulation
abound. In the summer and autumn of 2005, GSax changed the
weight for unleaded gasoline in the GSCIndex, lowering it
from 9% to 2%. They forced huge selling of gasoline contracts,
resulting in massive GSax profits. Beforehand, large short
positions were put into place. In the summer of 2008, GSax
cooperated with the Bush II Admin to sell large amounts
of crude oil from the USGovt Strategic Petroleum Reserve.
The price ultimately fell from $150 to under $40 per barrel.
GSax profited heavily from the coordinated move. The USGovt
covered its tracks with large scale oil swap contracts with
the Mexican Govt. The oil price had been pushed toward the
$150 level by round-trip trade techniques, along with other
methods like targeting SemGroup. Their management blames
actions by GSax for their ruin. The motive for the 70% oil
price decline was to bring lower costs to the threatened
USEconomy and to provide indirect USDollar support. See
the Phil's Stock World article (CLICK HERE).
USTREASURY DEFAULT &
◄$$$ HUGE CRIPPLING FORCES CONSTANTLY PRESSURE THE
FINANCIAL SYSTEM FROM DERIVATIVE CONTRACTS. THESE OVER-THE-COUNTER
CONTRACTS ARE TOTALLY UNREGULATED AND TOTALLY OUT OF CONTROL.
THEIR STAGGERING VOLUME HAS COME DOWN ONLY A SMALL AMOUNT
IN RECENT MONTHS. THE CONTRACTS COVER INTEREST RATES, CURRENCIES,
ASSET BACKED BONDS, CRUDE OIL, AND DIVERSE OTHER CUSTOMIZED
CONTRACTS. THEY CREATE A PLAGUE. THEY THREATEN THE ENTIRE
WESTERN FINANCIAL FOUNDATION STRUCTURE LIKE A CHAIN OF NUCLEAR
The OTC derivatives eat at the financial body like a cancer.
See the deep AIG and Fannie Mae losses that will never cease
to kill capital. See the Berkshire Hathaway unsuspecting
adoption of a cancer in General RE, which prompted Buffett
to call the credit derivatives financial weapons of mass
destruction. The most complete data on the anti-matter comes
from the Bank For Intl Settlements in Switzerland,
the mother of central banks. The Office of the Comptroller
for the Currency reports complete data from US financial
firms. The total notional value of all OTC derivative contracts
was $592.0 trillion at the end of
2008. Fear not: this number is actually a reduction from
the most recent previous read of $683.7 trillion
at end June of 2008. The more accurate total exposure
must include regulated exchanges, which would require one
to double the numbers above. In totality, the corralled
collection of 'sidebets' on everything
under the sun within the derivative markets is closer to
$1300 to $1400 trillion. This represents the Too Big To
Fail monster when the bank facades within balance sheets
are peeled back. The cancer within these derivatives cannot
be removed without destroying the very foundation and fabric
of both the capital markets and society itself. One can
see the total has come down, but the credit exposure has
CDSwap contracts insure against default of an asset backed
bond, like a corporate bond or mortgage bond. The volume
of outstanding Credit Default Swap contracts fell 27.0%
to $41.9 trillion as severely strained credit markets forced
liquidations but also close-outs of profitable trades. Increased
multilateral netting of offset positions by market participants
occurred also, which is a fancy way of saying that complex
contracts were sorted out among multiple positions connected
by customizations and indexes. The trend for clearing up
and sorting out was a continuation of the developments seen
in the first half of 2008. Single-name contracts declined
by 22.8% to $25.7 trillion while multi-name contracts, a
category that includes CDS indices and CDS index tranches,
saw a greater decrease of 32.7% to $16.1 trillion. Despite
the lower outstanding volumes, the gross market value for
CDSwap contracts increased by
78.2% to $5.7 trillion as a result of the credit market
turmoil and raised insurance rates on bonds generally. Gross
market values grew 95.6% to $3.7 trillion for single-name
contracts and 52.5% to $2.0 trillion for multi-name contracts.
To be sure, comprehension is a challenge.
The Interest Rate derivatives (swaps, options, and forwards) dominate in the
OTC derivative arena. Worse, the players (actually abusers)
are heavily concentrated. Of the $420 trillion in notional
OTC total, about $200 trillion is held by the usual pampered
zombie suspects: Goldman Sachs, JPMorgan, Bank of America,
Citigroup, and Wells Fargo. The USFed will forever be compelled to bail out what Tyler Durden calls the 'Unholy Pentagram' of entrenched firms that
form the syndicate. If any one firm fails, they all will
fail and ruin the entire financial system. Therein lies
the blackmail source and potential for extortion. Any corporate
collapse of one or more of the five major spokes of this
broken wheel of $420 in Interest Rates derivatives would
guarantee a total wipeout of all in its path, without exception.
See the excellent discussion from Zero Hedge (CLICK HERE).
This is a difficult topic to cover, to explain, and to comprehend.
My approach is to provide awareness through glimpses.
◄$$$ THE BREAKDOWN SEQUENCE IS PERHAPS MUCH SIMPLER.
OBAMA WAS SELECTED AND ELECTED WITH AN AGENDA TO LOAD ON
A COLOSSAL ADDITION TO USGOVT DEBT. HE KEEPS GOLDMAN SACHS
IN CHARGE OF THE USDEPT TREASURY, THUS KEEPING THE SYNDICATE IN PLACE. $$$
The plan is to pillage the system behind the curtains and
to force a USTreasury default. The credit derivatives are
used as leverage to keep the system running, but also to
commit extortion from USGovt policy. When the breakdown
is imminent, a military coup is to occur that prohibits
foreign involvement in any resolution. That is my theory.
Just speculation to share a theory that seems more credible
than most other theories.
◄$$$ GLOBAL FORCES CONSPIRE TO PUT GREAT PRESSURE
ON THE USDOLLAR. FOREIGN CREDITOR NATIONS ARE ENGAGED IN
A GLOBAL MOVEMENT, A PARADIGM SHIFT WHEREIN THE USDOLLAR
IS NO LONGER THE CENTER. THE NEXUS FOR BREAKDOWN IS THE
USDOLLAR AND GOLD. FORMAL G-20 STATEMENTS ARE CONSISTENT
WITH THE SHIFT, WHICH HAS A NATURAL END OF USTREASURY DEFAULT.
The topic will be treated more thoroughly in the Gold &
Currency Report next week. The G-20 Meeting of finance ministers
consolidated the consensus behavior. They will employ benign
neglect against the USDollar, and will not support it. The
G-20 official position was stated as endorsing continued
global stimulus. One should interpret that plank in two
ways. The emerging market nations that desire more formal
power wish for the major currencies to be debased further
by monetary inflation. Let the industrialized nations continue
a course of self-destruction, resulting eventually in a
USTreasury default that is destined to occur. The emerging
market nations wish to see the USDollar removed from global
reserve status, even to descend into oblivion. Far too much
in foreign reserves is held in US$-based bonds, with massive
diversification underway. At the G-20 Meeting in Scotland,
& UK bankers were given no respect,
even at times shunned.
◄$$$ SOME THOUGHTS ON DEFAULT SCENARIOS FOR USTREASURY
BONDS CAN BE CITED. IF THE THREAT IS CLOSE TO REALITY, TREMENDOUS
EARTH SHAKING CHANGES WILL COME, INCLUDING POLITICAL RESTRUCTURE.
THE POSSIBILITY OF MILITARY COUP IS PALPABLE IN ORDER TO
KEEP CONTROL WITHIN U.S.
BORDERS, AND THUS TO PROTECT BOTH THE SYNDICATE AND THE
MILITARY INDUSTRIAL ESTABLISHMENT. $$$
As preface, two points are important. First, the United States always resorts to guns, bombs, invasions,
and warfare when pressured. Add weaponized viruses to the
list. It has done so frequently in modern history ever since
the Vietnam War, especially when profit and skimming and
fraud are possible. In fact, it might soon resort to deadly
virus propagation in order to limit the populist response
to the criminal behavior of its leaders, and plots to decimate
the Middle Class of America. Second, the entire defense
weapon sector is highly likely to morph into a separate
mercenary consulting syndicate subsidiary. It will be for
hire to the highest bidder, ally and enemy alike, without
regard to anything but profit. It could easily begin to
openly prey upon the American population. The first true
test will be the FEMA camps and control of riots.
Default is assured on USTreasurys, given the reckless path
the USGovt is on. It continues the nationalizations, the
social programs, and the wars without end. Two kinds
of default must be addressed, total repudiation of
the debt and forced writedown of the debt by the
USGovt officials. In the latter, foreigners would be
ordered (likely at the point of military pressures) to accept
a huge debt balance writedown like 30% to 50%. A total repudation
would involve a receivership committee taking control of
the USGovt, organized from among the many major USTBond
creditors. Include China,
Arabs, Japanese, and Central Europeans. The Japanese have
already volunteered to serve in the Tribunal Manager post,
according to one connected source. They would dissolve the
USGovt executive and legislative branches, since of no further
authority or functional usage. That path would lead to a
dictatorship by foreign tribunal with effective martial
law, but a benevolent one certain to treat American workers
better than the betraying corporate chieftains of recent
vintage. The USMilitary would probably be charged with carrying
out order and arrests like for rioting, as well as to fill
the FEMA camps with aliens, virus infected, suspected terrorists,
even dissidents. The US would essentially cease to exist as a nation
any longer, bound together by foreign tribunals taking control
over regions so as to instill order. The USEconomy would
not necessarily suffer powerful damaging price inflation.
Instead, like in all martial law settings, widespread restictive
rationing and profound shortages would occur, like with
gasoline, milk, bread, meat, and more.
The scenario of a debt writedown would be different. If
a 30% writedown is coerced, then a whopping amount of debt
would be forgiven. A commensurate reduction in USGovt borrowing
costs would reduce the federal deficit, but a rise in interest
rate would render the outcome as no different on adjusted
debt servicing costs. If China
owned $800 billion in USTBonds, then $240 billion would
be forgiven, poof, lost to the angry Beijing leaders. The US would not be able to conduct
any further USTreasury auctions afterwards. It would be
forced to go public about total monetization an official
policy. Weimar times would be openly adopted, with the effects striking hard,
and hyper-inflation a certain outcome. My personal belief
is that the USGovt is soon to suffer a domestic USMilitary
Coup d'Etat. Its practical effects would be vast. The
coup would keep foreigners out, eliminate their potential
to take control, force the first scenario with rationing
and shortages, and greatly reduce the risk of hyper-inflation.
The internal coup would prevent resolution of high crimes,
and enable the syndicate to go scott-free. In fact, the
syndicate would order the coup itself. Yet the trade-off
would be LACK of supply instead of HIGH PRICES. Either supply
is provided with fast rising prices, or else supply is curtailed
with maintained price levels. Either way, the USDollar would
quickly disintegrate as a global reserve currency. The death
of the dollar is assured with either default scenario unfolding.
The loss of the USDollar reserve status will ensure gold
will hit $2000 and likely considerably higher. From there,
one must re-assess for the next milestone. This is a highly
fluid situation. Both pathways lie within the Third World,
into which the United
States is to be thrust.
Some corrollary thoughts. My belief is that Obama was hired
and selected as president, whose victory was pre-ordained,
whose path was paved by a subservient press, to kill the
USDollar and impose communism. He follows the orders of
Higher Powerz. If he crosses the USMilitary and CIA over
the Afghan War, they will remove him from office one way
or another. He might be sent him six feet under, if an advantage
is seen for that option. The practical effects would be
to initiate the martial law scenario, and to divert any
class civil war (rich versus poor) into a racial civil war
(white versus black & latino & asian).
Another important topic is the factional divisions within
the USGovt agencies, where real power lies. Numerous
stories are told of factions dividing all major federal
agencies and ministries, to such a degree that one might
properly conclude that a civil war is well along within
the government bodies. It clearly had its origin
in the 911 insider attacks that killed the Republic and
introduced a Fascist state. The CIA has the old school of
truth and valid information pitted against new preppies
devoted to narcotics business and its compromised power
games for advancement. Formally, they are called Constitutionalists
(devoted to the Republic) versus Loyalists (devoted to the
Syndicate) respectively. Huge divisions are known within
the USMilitary also, where the factions are not just in
The USMilitary is a sprawling conglomerate that has
evolved over 60 years since the conclusion of World War
II. For the most part nowadays, it serves itself and
the Syndicate. None of Eisenhower's warnings have been heeded,
as evolution has turned it into a truly vast multi-faceted
crime syndicate, whose lower ranks feature soldiers unaware
of the military's actual leadership or purpose. There are
many factions such as the narco gangs, oil gangs, virus
bioweapon gangs, banker gangs, defense contractor gangs,
even arms dealer gangs. The latter two stole $2.3 trillion
from defense appropriations, whose gangs have connections
to some serious mafia organizations outside the United States (from allied nations). This is dangerous
stuff, happening in dangerous times. An implosion and explosion
of these groups is clearly in progress on the power structure
side. Time will sort out the new structure, especially after
the USGovt debt default occurs. My full expectation is that
some morphing into private cartels comes, with the US
defense establishment evolving into a mercenary organization
that both builds and sells weapons. It might even supply
The USMilitary will no longer be charged with defending
either Asia or the Middle East. The two new powers of Russia and China will ably take that new commission of responsibility.
◄$$$ A WAVE OF CHANGE COMES TO THE UNITED STATES,
AS PROMISED DURING THE OBAMA CAMPAIGN. IT TURNS OUT TO BE
COMMUNISM EVOLVING FROM A BROKEN FINANCIAL FOUNDATION, A
CRIPPLED ECONOMY, LEADING ULTIMATELY TO A FAILED STATE.
FEW SEEM TO RECOGNIZE THE NEWLY HATCHED POLITBURO PANEL
OF CZARS HAVING TAKEN SEATS. THEY ARE A CENTRAL PLANNING
COMMITTEE WITHOUT LEGITIMATE POWERS, ONLY DICTATED POWERS.
EXPECT FOR MORE SUCH POSTS WITH NEW CZARS IN RESPONSE TO
FURTHER SYSTEM BREAKDOWN. $$$
Consider a recent essay written by Porter Stansbury on
the evolving US Communist State. He actually overlooks the
important Politburo Panel of Czars without legal standing.
He wrote, "When the facts change, I change my mind.
I never thought we would see the government running $2
trillion deficits, taking over health care, owning all the
banks. The stock market seems to believe the government
can solve all of our problems with paper money and bureaucratic
mandates. My bet is, it does not work, at least, not for
long. And given the choice between earning less than
1% in the bank and buying gold at $1100 per ounce, I
am buying gold. Watching the government rack up
debts that will be impossible to repay while narrowing the
tax base (at least 50% of Americans pay zero federal income
tax) at the same time is very scary. Not only has the government
gone mad with spending and corruption, but it also expects
about 10% of the population to pay for essentially all the
costs. The math simply does not add up: 10% of the population
cannot (and will not) pay for all of the costs of a socialist
This has nothing to do with traditional party politics.
Both parties have grown the size and responsibilities of
government. Both parties have added to the national debt.
And both parties support the narrowing of the tax base...
Unfortunately, we know from history this kind of political
system cannot last for long, for lots of reasons. One important
reason: The rich will leave. Or they will stop working.
They will hide their incomes or only invest in tax-protected
vehicles. And we know the political response will be tougher
laws on emigration, taxation, more money printing, and eventually
capital controls that make it impossible to protect
yourself from a massive currency devaluation.
The trends I am talking about are cultural and fiscal,
not ideological. Read the original Communist Manifesto.
It is nearly identical to today's government policies.
Any politician who tries to oppose the landslide of modern
entitlements is immediately labeled a kook and is unelectable.
Whether you think we ought to have free health care and
drugs for retirees, more military spending than the rest
of the world combined, a bankrupt retirement scheme based
on government debt, government guarantees for the banks,
does not matter to me... I can tell you this with 100%
accuracy: You cannot support the world's reserve currency
when you are the world's largest debtor, when you plan to
finance annual deficits exceeding $2 trillion with progressive
income taxes and money printing. Our economy is a charade.
And when it falls apart, the consequences will be devastating."
UNITED STATES &
GREAT BRITAIN ON BAD PATH
◄$$$ THE DISILLUSIONMENT IS REACHING CRITICAL MASS
IN AMERICA. THE PEOPLE SEE THEIR LEADERS AS OUT OF
TOUCH, PRIVILEGED, AND NOT DEMONSTRATING A CARING SENSE
ABOUT THE PEOPLE. THEY SEE LEADERS AS EITHER CORRUPT OR
CLUELESS. $$$ Peggy Noonan wrote in the Wall Street Journal
an article entitled "We are Governed by Callous
Children" (CLICK HERE).
Noonan begins by saying that the disillusionment in the
United States is reaching
critical mass. An excerpt captures her diverse points.
"Part of the reason is that the problems (debt,
spending, war) seem too big. But a larger part is that
our government, from the White House through Congress and
so many state and local governments, seems to be demonstrating
every day that they cannot make things better.
They are not offering a new path. They are only offering
old paths, [as in] spend more, regulate more, tax more in
an attempt to make us more healthy locally and nationally.
And in the long term everyone (well, not those in government,
but most everyone else) seems to know that will not work.
It is not a way out. It is not a path through. And so the
disheartenedness of the leadership class, of those in business,
of those who have something. This week the New
York Post carried a report that 1.5 million people had left
high-tax New York state between 2000
and 2008, and more than a million of them from even higher-tax
New York City. They took their tax dollars with them, in 2006 alone
more than $4 billion.
When I see those in government, both locally and in
Washington, spend and tax and come up each day with new
ways to spend and tax (health care, cap and trade), I think:
Why aren't they worried about the impact of what they
are doing? Why do they think America
is so strong it can take endless abuse? I think I know
part of the answer. It is that they have never seen things
go dark. They came of age during the great abundance, circa
1980-2008 (or 1950-2008, take your pick), and they do not
have the habit of worry. They talk about their 'concerns'
and they are big on that word. But they are not really concerned.
They think America is the goose that lays the golden egg...
They do not feel anxious, because they never had anything
to be anxious about. They grew up in an America surrounded by phrases like 'strongest
nation in the world' and 'indispensable nation' and 'unipolar
power' and 'highest standard of living' [but] they are
not bright enough, or serious enough, to imagine that they
can damage that, hurt it, even fatally. We are governed
at all levels by America's luckiest children, sons and daughters
of the abundance, and they call themselves optimists but
they are not optimists. They are unimaginative. They do
not have faith. They have just never been foreclosed on.
They are stupid and they are callous, and they do not mind
it when people become disheartened. They do not even notice."
◄$$$ OBAMA FACES TWO DEADLY ENEMIES, CAUGHT IN THE
MIDDLE BETWEEN THE PEOPLE AND THE PENTAGON. SOME SAY HE
STANDS BETWEEN THE TALIBAN AND THE PENTAGON. OBAMA IS AT
HIGH RISK, SINCE THE USMILITARY WIELDS FAR MORE IN CONTROL
THROUGH THE SYNDICATE AND SECURITY ESTABLISHMENT. THE PEOPLE
WANT A WAR REDUCTION AND TROOP WITHDRAWALS. THE SYNDICATE
DOES NOT. $$$
See the Rolling Stone article entitled "The Generals
Revolt" (CLICK HERE).
Few would have expected that President Obama faces extreme
risk politically from his own USMilitary if he does not
provide them what they demand to continue the Afghan War.
Its purpose is clouded. History foretold an unwinnable war.
Victory might not be the goal, whereas narco profits are
the hidden goal. The objective also might be to gain control
of Pakistan after extraordinary interference in that
country that might include assassination of former President
Bhutto in recent years. Never lose sight of the fact
has nuclear capability. The risk to Obama might be minor
from the people and the USCongress if he does not follow
through on his campaign promise to reduce the troop count
and begin the withdrawal process. The subtitle says it well,
as Obama rethinks America's
failed strategy in Afghanistan,
he faces two insurgencies: the Taliban and the Pentagon.
My view is that the Taliban can be left alone, since they
had nothing to do with the 911 attacks and have little interest
outside their native country. The War on Terrorism is a
sham facade to cover for a grand monopoly on a narcotics
business, whose epicenter is Afghanistan.
If Obama interferes with pursuit of the business objectives
or Pakistani plans, he could quickly be removed one way
◄$$$ THE UNITED STATES IS ON THE WRONG TRACK, ACCORDING
TO AMERICANS. THEY ARE LATE IN AWARENESS, SINCE THIS POSITION
SHOULD HAVE BEEN CLEAR LONG BEFORE 911. IT TAKES A WRETCHED
ECONOMY, A BROKEN BANKING SYSTEM, WALL STREET PREDATORY ACTIONS, AND ENDLESS WAR FOR THE PEOPLE TO AWAKEN
TO REALITY. $$$
Wall Street Journal/NBC News poll was conducted on October
22 through 25. The poll measured that for the first time
in the Obama presidency, 52% of Americans say the US
is headed down the wrong track. President Obama's job
approval rating stands at 51%, unchanged from the previous
two months. On remaining poll results, only the leading
response is provided, since a small but sizeable middle
of the road is represented as non-committal. His approval
ratio for his handling the economy has dipped from 51% in
September to 47% in October. Fully 58% say there is 'still
a ways to go' before the economy hits bottom. They are not
so easily duped by federal and banker interference, since
64% fail to regard the improvement in the stock market as real
evidence the economy is improving. Ironically, despite his
inexperience, 51% of the public approves of his handling
of on foreign affairs. Outrage is directed at the USCongress
in public opinion. Fully 65% disapprove of the job Congress
On the political spectrum, Americans see the Democratic
Party positively by a 42% to 36% margin, while the Republican
Party is regarded negatively by 46% to 25%. That is just
a pendulum that swings each decade or so. Appropriately,
57% say the partisan atmosphere in WashingtonDC
is equally the fault of both parties. An interesting question
was posed, and 49% say they would like to see a new face
in their own districts. On health care, 42% say the reform
plan Obama is pushing is a bad idea. On the Afghan War,
Americans support a troop increase by 47%, whereas just
last month they opposed it by 51%. However, when asked about
specifics on troop increases, Americans oppose by 49% to
43% sending as many as 40 thousand additional soldiers as
requested by General McChrystal,
the head commander in Afghanistan.
The public is divided at 45% each on the option of withdrawing
nearly all troops and using Predator drones and Special
Forces to attack al Qaeda camps. The Pakistani Govt
recently gave harsh criticism to USGovt officials for drone weapon attacks, calling them 'Executions
without Trial' very justifiably. Push button war is an exercise
in brutality in my view. See the Politics Daily article
◄$$$ USMILITARY RELAXES STANDARDS AS 75% OF AMERICANS
ARE UNFIT FOR ACTIVE DUTY. OTHER ETHICAL STANDARDS HAVE
LONG AGO BEEN RELAXED, LIKE RESTRICTIONS FROM CRIMINAL RECORDS
AND TENDENCY TOWARD VIOLENCE. ACTIVE RECRUITING AMONG URBAN
GANGS IS COMMON. $$$
The latest USArmy statistics show a stunning 75% of
young Americans of military age to be unqualified for military
service because they are overweight, cannot pass entrance
exams, have dropped out of high school, or have criminal
records. The USMilitary is so concerned about the supply
of able-bodied recruits between ages 17 and 24 that a
group of retired military leaders calls for more investment
in childhood education against the harmful effects of junk
food and inadequate education. General John Shalikashvili,
former chairman of the Joint Chiefs of Staff is alarmed
at youth obesity. He firmly believes the rising number of
youth unfit for duty is a matter of national security. Compromise
abounds. Between years 2004 and 2008, the USArmy more than
doubled the number of so-called conduct waivers it granted
to new soldiers with criminal or misdemeanor records. The
loosened standards proved necessary to fill the military
service ranks. Talk centers on remedy by the USGovt like
a health capital tax levied against companies that inflict
harm to the people, especially those of military age. See
the Sphere article (CLICK HERE).
What an ironic twist if the USMilitary takes an adversarial
role against the US food industry for their
garbage sold to make people fat! Next they must take on
the US Big Pharma industry for medicating the public into
a semi-catatonic state. That will not happen!
◄$$$ BRITISH POLICE TARGET DOMESTIC EXTREMISTS. THE
LISTS INCLUDE ROUTINE DEMONSTRATORS, PROTESTORS, AND CERTAIN
FORMAL GROUPS, ALL OF WHOM EXERCISE THEIR LEGAL RIGHTS.
$$$ British police are gathering the personal details
of thousands of activists who attend political meetings
and protests, and storing their data on a network of nationwide
intelligence databases. Senior law enforcement officers
have given such people the name of 'domestic extremists'
without legal basis. Diverse types of offenses or membership
qualify for the maintained list. It can include activists
suspected of minor public order offenses such as peaceful
demonstrations and other acts of civil disobedience. Even
people's vehicles associated with protesters are being tracked
via a nationwide database system. One man without any criminal
record was actually stopped by the police more than 25 times
in under three years after a protest marker was placed against
his car when he attended a small protest against duck and
pheasant shooting. The police official in command of domestic
extremism, Anton Setchell, claimed people who find themselves
on the databases should not worry at all. That is hardly
reassuring as the Police State widens its net. See the UK
Guardian article (CLICK HERE).
◄$$$ BRITISH CONFISCATION LAWS BROADEN IN AN ALARMING
MANNER. THE PROGRAMS MIGHT BE MOTIVATED BY STATE INSOLVENCY
IN SEARCH OF FRESH REVENUE STREAMS. $$$
The vile arm of the law has reached wider in England. Councils without police authority, never
voted into office, within the security organizations, have
been granted broad power to seize assets from people even
for only minor criminal offenses. At issue is the extension
of power to seize assets to certain councils, quangos, and
agencies that operate within the British Govt. One might
regard them as growing syndicate cells. Draconian police
powers designed several years ago to deprive crime barons
of luxury lifestyles are being extended for usage against
the public, according to The London Times. The right to
search homes, seize cash, freeze bank accounts, and confiscate
property will be given to town hall officials and civilian
investigators employed by organizations as diverse as Royal
Mail, the Rural Payments Agency, and Transport for London.
So now they are empowered to pursue assets of subway fare
dodgers and ticket forgers, along with those in arrears
on tax payments. The measure, being pushed through by Alan
Johnson, the Home Secretary, has come into force.
The radical extension of the Proceeds of Crime Act,
through a Statutory Instrument which is not debated by Parliament,
has been condemned by the chairman of the Police Federation.
Paul McKeever said that he was shocked to learn that the
decision without consultation or debate was made to hand
over what he called intrusive powers to people who were
not police. Certain legal statutes are being fashioned as
Trojan Horses to seize assets, thus bringing new revenues
into government coffers in highly questionable manner. McKeever
said, "The Proceeds of Crime Act is a very powerful
tool in the hands of police and police related agencies,
and it should not be treated lightly. There is a behind
the scenes creep of powers occurring here. I think the public
will be very surprised. They would want such very intrusive
powers to be kept in the hands of warranted officers and
other law enforcement bodies which are vetted to a very
high standard rather than given to local councils. His
concerns are shared by leading legal figures, who believe
that there is a risk of local authorities abusing the powers
to search and seize on a broad basis. The legal movement
has origins in the wide-ranging confiscation powers given
to police and law enforcement bodies in 2003. The intention
was to seize the cash and property from drug dealers, traffickers
of prostitutes and children, and money launderers. These
'Al Capone Powers' enabled law enforcement to target the
homes, yachts, mansions, businesses, and luxury cars of
the crime barons. The British law is akin to the US
law called the RICO law, the Racketeering Influenced &
Corrupt Organization law, used to seize assets from organized
crime. My wish is that RICO laws are used against Wall Street
to liquidate them entirely from a Citizen's Movement, and
pay down the USGovt debt.
The expansion of seizure powers is part of a Home Office
plan to embed financial seizure across the criminal justice
system. The UK Gestapo is growing. Ministers have set
a target to recover £250 million in criminal assets by 2010,
rising to £1 billion per year. The goals themselves smack
of planned abuse for the sake of revenue generation, much
like US bank safety deposit box seizures. The official
memorandum explains that the National Policing Improvement
Agency will have oversight for the small legion of financial
investigators associated to the empowered bodies. Incentives
are built into the system, all without police supervision,
seemingly without legal process for challenge. The extension
of such draconian powers to civilian investigators coincides
with mounting legal concern about the evolution of British
law enforcement operations. DUE PROCESS IN NOWHERE. The
memo exposes the vested interest for abuse, stating Investigation
bodies will receive a share of money recovered as additional
funding to incentivise further work in recovering the proceeds
of crime. The organization rationalizes with public
statements that their financial investigators will be less
reliant upon the police, thus boosting the fight against
crime, and even freeing up police resources. This sounds
much more like a free-rein Gestapo. See the Business Times
Online article (CLICK HERE).
The legal practices are characteristic of Third World Nations
led by Fascists, into which England
◄$$$ BIG BROTHER HAS DEEPLY ROOTED RESIDENCE IN ENGLAND. TELEPHONE AND INTERNET PATHWAYS NEXT
BECOME ENTRIES IN PUBLIC DATABASES WITH NO COURT REQUIREMENTS. $$$
Every phone call, text message, email and website visit
will be stored for a year as the state monitors the people.
All telecoms companies and internet service providers will
be required by law to keep a record of every customer's
personal communications, showing who they are contacting,
when, where, and which websites they are visiting. Despite
widespread opposition over Britain's growing surveillance
society, 653 public bodies will be given access to the confidential
information, including police, local councils, the Financial
Services Authority, the Ambulance Service, fire authorities,
and even prison governors. They will not require the
permission of a judge or a magistrate to access the information,
but simply the authorization of a senior police officer
or the equivalent of a deputy head of department at a local
authority. DUE PROCESS IN NOWHERE.
The Home Office admitted that only a third of respondents
to its six-month consultation on the issue supported its
proposals, with 50% fearing that the scheme lacked sufficient
safeguards to protect the highly personal data from abuse.
The new law will increase the amount of personal data which
can be accessed by officials through the controversial Regulation
of Investigatory Powers Act (RIPA), which is supposed to
be used for combatting terrorism. Objections are broad and
deep throughout the public and private groups of concerned
citizens, with phrases like 'Big Brother' commonly used.
No matter, the fascist state continues! See the UKTelegraph
article (CLICK HERE).
is the nation with the most public surveillance in the world.
My view is that the trend stated with justifiable basis
during times of violence by the Irish Republican Army, but
the trend has gone totally out of control.
VIOLENCE BEGINS AMIDST
◄$$$ A MADOFF GUY IS FOUND DEAD IN A SWIMMING POOL.
THE MURDERS CONTINUE TO COVER UP THE MASSIVE PONZI SCHEME
OF FRAUD. $$$ Last December 2008 a Madoff hedge fund advisor
Thierry de la Villehuchet supposedly slit his wrists in
a Manhattan in a phony suicide. He even prepared a garbage
basket to catch all the blood, so as not to ruin the condo
carpet for the next resident. BS!! He knew too much, but
he was surely distraught from his ruined reputation and
heavy losses to his own investors. See the CNN article (CLICK
Now a Madoff colleague is found dead at the bottom of his
Florida swimming pool. He probably knew too much also. These are both
likely executions to cover up the $150 billion fraud, triple
the reported amount conjured up for public consumption.
Billionaire Jeffry Picower is swimming with the fishes,
ones that can handle chlorine anyway. He was known as a
philanthropist, but investigators honed in on his ill-gotten
gains as part of the scheme. The Picowers and their daughter
Gabrielle allegedly gained by over $5 billion in fictitious
profits, according to a complaint filed as part of federal
efforts to recover money for the Madoff victims. See the
Palm Beach Post article (CLICK HERE).
According to my sources, the Madoff money remains tucked
away in Israeli banks where absolutely no American law enforcement
or USDept Treasury officials or investigators are even bothering
to look for it. The stolen funds are well protected by USGovt
officials, who probably are part of the scheme. Press stories
about negotiating with Madoff for the location of the funds
are totally false. Worse, the USGovt and Bank of England
are part of much bigger roll programs, of which the Madoff
scheme is but one. He pissed some important people off,
or else his crimes were too stupidly bold without covered
tracks to conceal.
◄$$$ MORTGAGE RELATED VIOLENCE BLOWBACK HAS BEGUN,
IN VERY EXPECTED FASHION. RAGE AMONG THE PUBLIC GROWS. $$$
Let the Alternet website tell the story. "As Foreclosure
Nightmares Increase, Will More Homeowners Pay Off Their
Bankers in Violence?[title] ... Anger and discontent are
reaching a boil as a lethal combination of economic corruption
and political collusion are deleveraged across the United States. From recent rampages in Orlando
Florida, to mortgage related torture
in Los Angeles,
certain members of the citizenry seem to have had their
fill of being manipulated for the financial gain of others,
and they are firing back with force." See the Alternet
article (CLICK HERE).
◄$$$ BIG PHARMA IS ACCUSED IN THE OPEN, THIS BY A
RENOWNED HEALTH EXPERT. $$$ Gary Null is a world famous
health expert, author, and owner of a website called 'Your
Guide to Natural Living.' He goes out on a limb in a very
passionate testimony about the swine flu vaccine, and the
role of Big Pharma. See Part 1 (CLICK HERE),
Part 2 (CLICK HERE),
and Part 3 (CLICK HERE).
◄$$$ THE HEALTH CARE PROGRAM IS A BAILOUT TO INSURANCE
COMPANIES, ACCORDING TO HOUSE REP KUCINICH. HE IS ANGRY
ABOUT BROKEN PROMISES BY THE USCONGRESS LEADERS. WALL STREET
WILL BE SOOTHED AS INDIRECT BENEFICIARY BY THE FINAL HEALTH
CARE BILL. WALL STREET CONTROLS THE USCONGRESS. $$$
House Speaker Nancy Pelosi has reneged on a promise to
conduct an open vote for single payer health care. Single
payer health care proposals have been eliminated and blocked.
The feature sponsored by Kucinich of Ohio to allow states
to implement a single payer system was stripped from the
final bill version. He was livid when he learned his provision
to permit states to create a single payer system was stripped.
He angrily accused the insurance company interests of
bringing pressure to take it out. A formal statement
of objection and rebuttal came from the Kucinich's office
with direct explicit accusations. It stated, "The
removal of the Kucinich amendment constitutes yet another
capitulation to the health insurance and pharmaceutical
industries, who are already reaping billions of dollars
from the bill. Maybe instead of a sellout, it is a bailout.
Maybe what we are looking at here is another way that Wall
Street's speculative engine can be fueled, this time with
the help of the premiums of tens of millions of Americans."
See the News Junkie Post (CLICK HERE).
The other hidden motive of the entire Health Care Plan is
its order for participants to obtain a national ID card.
The Powerz want to track Americans in yet more controls.
◄$$$ FINNISH MINISTER OF HEALTH SUMMARIZES THE ENTIRE
STORY OF THE SWINE FLU VACCINE, THE PLAN FOR REDUCED GLOBAL
POPULATION, AND EXTREME PROFITS FOR THE BIG PHARMACEUTICAL
HAS STEPPED AWAY FROM THE GENOCIDE PLAN. $$$
The Finnish health minister Rauni Kilde speaks clearly
and passionately about the swine flu vaccine. The 7-minute
video is worth your time. She mentioned preparation for
the vaccine with modified food in the United States for years. Basically, Big Pharma
(not just US but Swiss also) plans to make the public very
sick. The Big Pharma goal is to reduce the global population
by as much as two thirds, or 5 billion people, but the Bilderbergers
are evenly split on acceptance of the Kissinger Genocide
Plan. The vile diabolical throng met in Athens
for their annual conference. She explained the greater danger
is not the vaccine so much as the contents of the injection,
which are loaded with chemicals designed to destroy your
body neurology (nervous and immune system). The primary
target is women and children for death, who produce the
next generation. That explains why the media networks stress
the highest risk is women and children, and the need for
their vaccination. The media is engaged in a global scare
program in order to motivate vaccination. Big Pharma is
set to profit in the billion$ with the genocide plan and
forced government vaccinations, with Donal Rumsfeld a key
figure. He is formerly president of Gilead Labs, who with
Swiss Roche worked to develop the specialized virus, but
later went to serve as Defense Secy for the USGovt.
The legal system has been altered so that the Big Pharma
firms do not suffer legal action in victim compensation,
like in 1976. The stage has been set, as the World Health
Org in 1998 was given legal authority to order vaccinations
during a pandemic. Despite only moderate numbers of cases,
the WHO has just declared a global pandemic improperly and
without justification. Kilde does not believe their
global vaccine contamination plan will work. (NEITHER DOES
THE JACKASS). Recently, the Finnish Govt removed swine flu
as a serious disease threat, thereby eliminating the order
for forced injections or vaccination. See the Underground
Video UK (CLICK HERE).
Thanks to a European contact for sharing the link. By the
way, the syndicate in control of the USGovt and USMilitary
is deeply complicit with the Kissinger Genocide Plan. In
2004, they diverted $2.3 billion from the Iraqi Reconstruction
Fund and sent it to the Kissinger group, without the approval
of the USCongress. The syndicate ordered the payment.
◄$$$ SWEDISH NURSES HAVE BECOME SICK FROM SWINE FLU
VACCINES. THEIR STORIES ALL SOUND SIMILAR, WITH FEVER, WEAKNESS,
AND SEVERE ARM DEBILITATION. THE PUBLICITY OF THE NATIONWIDE
HARMFUL REACTION MIGHT HALT THE BROADER VACCINATION PUSHED
BY BIG PHARMA. SOON THE NURSES WILL REALIZE THEY WERE GIVEN
THE GUILLAIN-BARRE SYNDROME, FULLY FORECASTED BY THE HAT
TRICK LETTER. $$$
Nurses from Sweden
are becoming seriously sick from the swine flu vaccine.
The story broke on October 21st, when 140 people experienced
such severe side effects that went to a hospital. The number
was 30 people the day before. The Swedish newspaper Expressen
was the first to report the outbreak. They claim the biggest
medical scandal in the history of Sweden has begun. Annika
Linde, director of The Swedish Institute for Infectious
Disease Control (SMI), said "It is obvious so that
the vaccine against the swine flu results in more side effects
than the normal flu vaccines. That is because the swine
flu vaccine contains adjuvants, shark liver oil, which triggers
the immune defense to respond." The director tells
only half the story, the other half suppressed by her organization.
Thousands of Swedes have been vaccinated so far and the
reports of side effects are 'flooding in' to the disease
center. In time, the Swedish nurses will come to learn
the vaccine was laced with agents that led to the immediate
neurological disorder known as Guillain-Barre syndrome.
Several severe cases of acute response and allergic reactions
have been reported. Nurse Lotta Lindstram took the swine
flu shot, and later contracted a high fever and shivers.
She said "I was shaking in my whole body. It was
so severe that I could not even hold a glass of water in
my hand. I am now thinking about what it is I have been
injected with. I really was affected. It feels really unpleasant."
Maria Strindlund is not so sure she made the right choice
to take the shot. She also contracted a severe fever and
shivering reaction. She said, "Since I work as a
nurse, I decided it was the best thing to do. I got a extreme
pain in my arm. I could no longer lift it. I was lying in
bed shivering and was feeling very cold and stood in a hot
shower to get warm." She claims many colleguse
who also took the vaccine have had similar reactons. Rebecka
Andersson was the first person to get the shot in Sweden. She became feverish and felt sick to her
stomach from the shot. She said, "I lost all energy.
I am normally never sick, so I understood it must be the
vaccine." Five out of 19 classmates also got sick
from the swine flu vaccine. Nurse Lotta Lindstram claims
one week after she took the shot she was still not well,
the fever arriving the next day with headaches. She said,
"It feels very worrying. I did not sleep anything
the night after the shot since the pain in my arm was so
severe." Another nurse Jennely could hardly walk
after she got sick from the vaccination. She was completely
healthy when she got the shot but the day after she had
a fever. She said, "I could hardly walk the five
meters I had to the bathroom. I know of at least ten [colleagues]
that got the fever. We are about 80 people at my workplace."
Pass the word that the vaccine is poison, and the governments
are lying, part of the plot!!
◄$$$ AMERICANS ARE SHOWING HARMFUL SIDE EFFECTS TO
THE SWINE FLU VACCINE ALSO, AND AUTHORITIES ARE LYING THROUGH
THEIR TEETH ABOUT SIDE EFFECTS. REFER TO GUILLAIN-BARRE
SYNDROME, A NEUROLOGICAL DISORDER, THE DISORDER THAT WAS
THE CENTER OF THE 1976 FAILED USGOVT VACCINATION DEBACLE.
A 14-year old Virginia
high school student named Jordan McFarland was hospitalized
after he developed Guillain-Barre Syndrome, a rare muscle
neurological disorder disease within hours of being vaccinated
against swine flu. Its traits are severe headaches,
muscle spasms, and weakness in arms or legs. The press report
states that only a handful of cases of the syndrome have
been reported in relation to the vaccine, probably because
the vaccination process has only begun. Here is the BIG
LIE. An official from the Centers for Disease Control
& Prevention in Atlanta
said there was no clear link between the vaccine and the
GB Syndrome. The connection has been well established
by the disastrous 1976 nationwide vaccination for swine
flu, using the same laced vaccine and same controversial
trigger mechanisms. In fact, the USGovt paid huge lawsuit
settlements after causality of the same Guillain-Barre Syndrome
from the vaccine was demonstrated. BIG LIE!!! See the AOL
news article (CLICK HERE).
◄$$$ WORLD HEALTH ORG (W.H.O.) LAID OUT THE WEAPONIZATION
OF VACCINES BACK IN 1972, BUT FEW PAID HEED. NOW THEY DO.
OLD DOCUMENTS PAINT A TRAIL OF CONSPIRACY TO THE LEADING
GLOBAL HEALTH AGENCY, WHICH IS WORKING CLOSELY WITH BIG
PHARMA, FULLY CORRUPTED IN JOINT EFFORTS. $$$
The WHO documents from 1972 explain how to turn vaccines
into a means of mass killing. The initiative was taken by
the USArmy Bioweapons Lab in Fort Dietrich Maryland, which works closely with
the Big Pharma firms, the Centers for Disease Control (CDC),
and other agencies to design and produce the killer viruses.
Ironically, the effort to produce a stronger vaccine
runs parallel to produce a more powerful killer virus.
The February incident where Baxter Labs of Austria 'accidentally'
sent active viruses loaded within vaccines to several nations
exposed the prima facie of the Genocide Program. Two key
memorandums from WHO, discovered by Patrick Jordan, prove
the organization has intentionally created the killer vaccine
in three steps. The US population and other countries
are on course to proceed on a path to take the three steps.
Reference the 1972 WHO Bulletin 47, No 2 Memordanda #1
and #2 Virus-associated immunopathology. Animal models and
implications for human disease technically outline the ability
to create biological weapons in the form of vaccines that:
- First totally disable the Immune System
- Load every cell of the Victims body up with Infection
- Switch the Immune System on causing the host to kill
itself in a Cytokine Storm.
These official WHO Memorandums describe the three-stage
impact of the three shots to allegedly treat a virus that
WHO also helped create and release. This is a crucial
piece of evidence of WHO's long-term genocidal motives that
could stand in any court of law. The challenge is to
find a court with jurisdiction or power! These memorandums
give the best and fullest explanation of WHO and current
activities at affiliated labs (such as the CDC in Atlanta),
such as their patenting of the most lethal bird flu viruses,
their sending that virus to Baxter's subsidiary in Austria,
and cooperation with major pharmaceutical firms. The
Baxter dissemination of a supposed vaccine and its distribution
of 72 kilos to 16 laboratories in four countries almost
triggering a global pandemic, but with zero legal prosecution.
The WHO memorandums provide the evidence that deliberate,
long-term planning to kill people by weakening their immune
system from the first vaccine, injecting a live virus into
their body by a second, and creating a cytokine storm using
squalene in a third. See the WHO Memoranda (CLICK HERE) and
the Fight Back article on the entire story (CLICK HERE).
SUFFERS A DEADLY OUTBREAK OF PNEUMONIC FLU. IT COULD BE
NATURAL, BUT NOT LIKELY IN MY VIEW. UKRAINE
ATTEMPTED TO SERVE AS A U.S.
PUPPET ZONE, BUT THE RUSSIANS RETRIEVED IT BACK TO THE FOLD.
NOW UKRAINE FINDS ITSELF
CAUGHT IN THE MIDDLE BETWEEN TWO GIANTS IN A NEW COLD WAR.
THE VIRUS COULD BE THE RESULT OF TARGETED BIOWEAPON ATTACKS.
TIME MIGHT REVEAL THE TRUTH, MAYBE NOT. $$$
A hemorrhagic pneumonic influenza has hit Ukraine, resulting in a plague. At an early
stage, almost one million are sick and almost 100 confirmed
deaths in Ukraine have occurred. Theirs is a distinctly
different type of viral infection from the rest of the world
and the United
States. In 6 days 500 thousand people
have been infected, resulting in 93 confirmed deaths. However,
the rapid spread of H1N1 swine flu virus in Ukraine together with the high frequency of hemorrhagic
pneumonia cases raise concerns that potentially a mutation
could have occurred to a more virulent virus. Mutation
agents are part of the vaccination process, but Ukraine has not been vaccinated
widely. Medical professionals report the rapid spread of
the virus might be enabled by a small change in a specific
gene, one that controls entry of the virus to cells and
influences tissue tropism. Since the moment the epidemic
started to spread, and up to a recent day, over 871 thousand
people have been diagnosed with influenza and other respiratory
viral infections. Almost 40 thousand of these people had
been hospitalized, including 317 in intensive care. Importantly,
the plague or virus in the Ukraine has 10 times the mortality rate than the
normal swine flu!! Furthermore, the rapid spread of H1N1
swine flu in Bulgaria
raises concerns that there will be a dramatic increases
in cases and deaths in the region. Spikes in deaths have
already been reported in Turkey and Italy,
although far fewer than in Ukraine.
See updated reports on the Ukraine Plague Weblog (CLICK
◄$$$ RARE DISEASES HAVE JUST BEEN FOUND IN PAKISTAN
$$$ USMilitary troops have been exposed to a rare virus,
of high virulence with high death rates. The disease called
Crimean-Congo hemorrhagic fever was first reported in the
Crimea in 1944, then in the Congo in 1956, according to the World Health Organization.
An outbreak was reported eight years ago in Quetta, the capital of Baluchistan province inside Pakistan, which lies at the border of Afghanistan. Some
wonder if a related disease has struck the region. US soldiers
in Afghanistan not only
have to worry about the Taliban resistance from an invasion
of their land, but also a host of microbes not indigenous
to the West. The See the Washington Times article (CLICK
One must ask the logical question, given the bioweapons
capability, of whether the disease is natural or an example
of biological warfare. Afghanistan has long been the site of many serious
unusual microbe diseases. This is apparently a rare diseases
which is a combination of naturally occurring and laboratory
developed, according to an informed source. One subscriber
with British Military contacts inquired for information
from a man who has direct experience in the zone affected.
He wrote a note passed onto me from a military analyst,
described as a top expert on these issue. It read "This
is bad juju. It kills 30% of those infected and is passed
via tick bites, or blood infected with the virus."
◄$$$ PERSONAL STORY FROM A FRIEND. HE HAS LONG ADVOCATED
FIGHTING AGAINST SPECIALIZED VIRUSES WITH BASIC VITAMIN-D.
HIS RECENT EXPERIENCE TESTIFIES TO THE VITAMIN EFFECTIVENESS.
A friend Aaron from Atlanta
wrote last week of a personal experience. Aaron cared
for a very sick girlfriend, loaded up with Vitamin-D beforehand,
and did not contract any illness. He shared his story,
so that others might learn of the power of simple vitamins,
and ignore the propaganda laced with self-serving motives
by giant pharamaceutical firms. They wish to sell their
flu treatments like Tamiflu, which are of minimal effectiveness.
My friend wrote, "Last week I spent most of the
week visiting my girlfriend. She felt she was getting sick
in the few days before I arrived, and unfortunately her
condition just worsened. It seemed to be a bad cold or a
mild flu. I am no expert diagnostician, but her father is
a doctor and thought it might have been H1N1 (swine flu).
She works in a big office and if H1N1 or any other flu was
going around in the general WashingtonDC region, she would
likely be exposed to it. Whatever the virus, I was not going
to let it stop me from visiting her and taking care of her.
And I figured it would be another good instance to test
out the Vitamin D-3 hypothesis. So I loaded up a bunch of
2000 IU (international units) D-3 pills and hopped on a
plane. I took about 20,000 IUs of D-3 per day while I
was there. The short of the story is: it worked! I was
basically shut in with her for five days and did not even
come close to getting sick. Actually, the only time I felt
I might have been getting a little sick was the last two
days, when I started running out of D-3 pills. Actually,
I did not bring quite enough. I felt a little irritation
in my throat, the sort that sometimes precedes falling ill
with a virus. But when I got back to Atlanta, I just tanked up on D-3 again, and it went
away. Conversely, my girlfriend would NOT take therapeutic
doses of either D-3 or Vitamin C, and she is only now getting
over the virus, after more than a week and a half. The amounts
she took would be what you would expect for a normal daily
vitamin intake, not an extra load for prevention. At
this point I am quite convinced that D-3 is one of the most
reliable remedies and immune boosters out there. There
is very little that has such a consistent and thorough reaction,
in my experience. I just might never get a cold or flu again
A wise contact, with diverse experience in many important
fields of life, replied to my friend, "Aaron, you
are absolutely correct. I recommend a Vitamin-D spray product.
It is comparatively cheap and it is one of the most effective
ways to stay healthy and ahead of all the hype."