"When once a republic is corrupted, there is no possibility of remedying any of the growing evils, but by removing the corruption and restoring its lost principles. Every other correction is either useless or a new evil." - Thomas Jefferson

"If you are not fast, you are food." - Timberland (shoes advertisement)

PIECES TO ASSEMBLED POLICE STATE

◄$$$ PREFACE REMARKS ON MY VIEWPOINT OF USGOVT EFFECTIVENESS TO FURTHER A POLICE STATE. IT IS MY EXPECTATION THAT NO NATIONWIDE INITIATIVES ATTEMPTED BY THE GATHERING FASCIST & COMMUNIST DIRECTION WILL SUCCEED. THEY ARE JUST TOO INCOMPETENT, TOO CORRUPTED, AND TOO DISTRUSTED. THEY HAVE SEVERAL INITIATIVES ON THE PLANNING BOARD. THEY INCLUDE CONFISCATION OF GUNS, VACCINATION AGAINST SWINE FLU, CAPITAL CONTROLS FOR FUNDS MOVEMENT, AND POSSIBLY GOLD CONFISCATION. THE NATION HAS LOST CREDIBILITY IN THE FEDERAL GOVT, WHILE AT THE SAME TIME THE MAIN AGENCIES IN DARK ROOMS POSSESS ASTOUNDING INCOMPETENCE. $$$

The plan to confiscate guns is under test. The registration with personally supplied fingerprints is unlikely to succeed. The murder in Kentucky of a USGovt Census worker is a signal that defiance is growing. The vaccination plan against Swine Flu is meeting with resistance everywhere, as information about its danger and disseminated death is becoming clear. Test cases have arisen in some Eastern states with the vaccination is mandatory. Watch the health professionals for the key signal. The plan to eventually shut down the borders for capital controls bears enormous practical logistic problems. The benefit of being the global reserve currency custodian is the ability to print money and to manage financial syndicates. The down side is that no control is remotely possible outside the US borders. Any plan to confiscate gold will not only backfire in their faces, but will manage to expose the true value of gold. Shortages at commodity exchanges and desperate attempts to forestall physical delivery already have exposed the actual price of gold being 25% to 30% above the corrupted paper discovery price being listed on exchanges and news networks. The failure of the USGovt extends to all attempts to execute on its initiatives. Case in point are both the Stimulus Plan and the TARP Funds plan, both grotesque failures. The USCongress is also a total compromised failure.

◄$$$ OBAMA IS GIVEN NO RESPECT IN A PERSONAL APPEAL FOR THE 2016 SUMMER OLYMPICS. THE I.O.C. MEMBERS MADE CLEAR A BIG REASON, LOUSY TREATMENT AT AIR AIRPORTS FOR FOREIGNERS (THINK GESTAPO). HIS TRIP COST A SMALL FORTUNE, MORE WASTE BY ROYALTY WITH AN EYE LOST ON REALITY. $$$ Obama wanted his Chicago USA hometown to host the Summer Olympics. Maybe the Intl Olympic Committee (IOC) was concerned that the United States is the newest Police State, or might be the site of a grand virus outbreak, or the location of a martial law state, or even be mired in a civil war, or possible a nation embroiled in a debt failure event with a receivership tribunal in power. Maybe they decided not to grant the host site to a nation that is engaged in a highly controversial pair of wars in Iraq to secure oil and Afghanistan to secure opium, neither with legitimate basis. Maybe they privately regard the USA as a rogue nation, or just a hostile nation.

Chicago might have lost the chance to host the 2016 Olympics because of airport security issues and treatment of foreign visitors. Syed Shahid Ali, an I.O.C. member from Pakistan, pointed out that entering the United States can be 'a rather harrowing experience' in damning words. Tourism officials have complained for years about rigorous entry process for foreigners, a position heard clearly by the US Travel Assn in a critical press release. Roger Dow is their president. He said, "It is clear the United States still has a lot of work to do to restore its place as a premier travel destination. When IOC members are commenting to our President that foreign visitors find traveling to the United States a 'pretty harrowing experience,' we need to take seriously the challenge of reforming our entry process to ensure there is a welcome mat to our friends around the world, even as we ensure a secure system." International travel to the United States declined by 10% in 1Q2009. A Travel Promotion was passed in the Senate, intended to strengthen the image of the United States abroad. The Gestapo at the border is difficult to remove, controlled by the syndicate. See the New York Times weblog (CLICK HERE).

The USGovt officials would have better luck improving the national image if the fascists in power were dismissed, the syndicate were dismantled, control of USGovt finance were wrested from the syndicate, prosecution of bond fraud were begun, and aggressive foreign wars were brought to an end. Treatment of American citizens entering the US airports is also one grand pain in the arse, as shoes must be removed needlessly, simple water bottles are forbidden (favorite method for transporting hidden diamonds), security zones must be traversed even with connecting flights offering little leeway time, and long lines are the norm. My Costa Rican friend would like to see Miami, a dream of hers. The task requires obtaining a VISA for a $5000 bribe at the USEmbassy, or deal with the 95% chance of routine application refusal. The police state is well along and most Americans are pitifully unaware.

Note that a US President trip out of country costs approximately $150 million. What a grotesque waste for a paid vacation! The production requires two identical 747 aircraft traveling, one serving as a duplicate decoy, so as to confuse any evildoers. Included are three military cargo star lifter planes, with two Marine helicopters in escort, and all those heavy armored limousines. The entourage includes between 850 to 1500 on the advance and traveling security detail. The Olympics have never been hosted by a South American nation, and the deicsion to host it in Rio de Janiero signals Brazil coming of age. Latin America with Mexico City hosted the Summer Olympics in 1972. Look for Brazil to be included in a great many global decisions, USTreasury proxy votes, banker meetings, Chinese trade contracts, commodity supply routes, and more. Also, Brazil really knows how to throw a party!

◄$$$ IN 24-HOUR PERIOD, OBAMA RECEIVED A NOBEL PEACE PRIZE FOR HIS ASPIRATIONS TOWARD HUMANITARIAN GOALS, SNUBBED THE RELIGIOUS LEADER DALAI LAMA, AND APPROVED A MISSILE TEST FIRE IN ISRAEL. $$$ George Orwell would break a smile. The Swedish authorities behind the Nobel Prize might have a clever angle at work. They might have granted Obama the prize so that he does not comply with urgent pleas to bomb Iran. The prize hanging from his neck might interfere with his reach for the button used to deliver bombs toward Iran. My view remains steadfast, that almost all reports of Iranian readiness are false, framed by a US media network that is no longer controlled by US interests. Iran neither possesses extensive nuclear refinement equipment nor missile technology. If they ever do, it will be because Russia puts both in their hands. So any attack against the feisty belligerent nation, whose leaders surely defy and oppress their own people, will meet a Russian response. That adds up to a neutral threat. Whether or not Israel acts like a loose cannon, we will see. Prime Minister Netanyahu has visited the Kremlin in recent weeks. One would pay to be a fly on the wall.

◄$$$ THE GREAT SWINE FLU BOONDOGGLE UNDERMINES PERSONAL LIBERTY, PUTS THE POPULATION AT GREAT RISK, WHILE IT FATTENS THE PROFITS OF THE PHARMACEUTICAL FIRMS. THE 1976 USGOVT VIRUS VACCINE PROVIDES PRECEDENT OF INCOMPETENCE, COLLUSION, AND 'ACCIDENTAL' DEATHS. $$$

The so-called great Swine Flu Pandemic is merely a One World Govt power grab, a population control initiative, and a boondoggle for Big Pharma profiteering. They engineered liberal laws to protect Big Pharma from legal liability. Actual figures on infection and death early in the season defy and contradict official propaganda in support of their Genocide Program. The US Center for Disease Control (CDC), the World Heath Org, and the US Council of Advisors on Science & Technology have predicted millions of infections and tens of thousands of deaths. Big Pharma has ramped up production. The USGovt is threatening to mandate vaccination. The states of New York, New Jersey, and Massachusetts have passed laws to force immunizations. As of September 25th, only 318,925 confirmed cases worldwide and only 3917 deaths have been reported. That is a mortality rate of just over 1%, a truly miniscule number. The seasonal flu kills an average of 3000 people per month in the US alone. In August, the clueless and corrupted President Council predicted the H1N1 virus would infect two million US citizens this fall and winter, to result in 30,000 to 90,000 US deaths. They are off by a factor of seven on cases and 10-30x on deaths, but versus even global numbers. So they are off by 100-200 fold, maybe 500-fold, an embarrassment of gigantic proportions. The key is grandiose pharmaceutical firm profits.

Harken back in time to another era of USGovt mongers of a worldwide Swine Flu Pandemic. They sure can be profitable. In 1976, after legal immunity was granted to drug companies, the USGovt ordered immunizations. As a result, many older people died, and many healthy people suffered debilitating neuro-muscular problems or paralysis. The Swine Flu immunization was determined as the primary causal factor. Drug companies made $millions but incurred no liability for the consequences of their untested vaccine. In 1976 the cure was more deadly than the disease. The 1976 vaccine killed at least 300 Americans. Furthermore, over 4000 citizens won lawsuit claims for damages against the the USGovt for vaccine usage. USGovt researchers knew of the risk of neurological damage. Dr Hatwick knew beforehand that the vaccine would cause neurological damage. Other vaccine experts, including oral polio vaccine developer Albert Sabin, opposed the Swine Flu vaccine program. The CDC head responsible for promoting the vaccine, Dr David Sencer eventually became the Health Commissioner for New York City, after serving in the US Public Health service. Suspect he had ties to the drug industry. See the Personal Liberty article (CLICK HERE). See the Love For Life article (CLICK HERE). If you sense deep corruption, then we are on the same wavelength. In my view, the bank sector, defense contractor sector, and news networks have a new partner in the syndicate in Big Pharma. Fort Dietrich Maryland is the site of the Bio-Weapons Labs where the Swine Flu was developed for the USArmy. Beware!!

◄$$$ SWINE FLU TIED TO STANDARD FLU VACCINE. $$$ The Canadians might be more vigilant in their capability to halt genocide. Their center for disease control did catch the Baxter Lab dissemination (hardly an accident) of live flu virus sent to numerous countries back in February. A study has prompted their provinces to rethink the flu plan devised by their American neighbors. The Globe & Mail wrote, "A 'perplexing' Canadian study linking H1N1 to seasonal flu shots is throwing national influenza plans into disarray and testing public faith in the government agencies responsible for protecting the nation's health." It is only perplexing if a person is a slow learner, if a person has been living in a cave, or if a person has dismisses evidence that shatters trust in authorities. IT SEEMS THAT SWINE FLU IS LACED IN OTHER FLU VACCINATIONS. This would constitute a smoking gun story, along with 500 others. See the Globe & Mail article (CLICK HERE). In my view, the key is knowing the objectives for widespread dissemination of swine flu and widespread required vaccination. It results in a population unable to resist the Police State, reduces the population in numbers, and results in colossal govt-sponsored pharmaceutical profits. It is time to wake up!

◄$$$ NEW YORK STATE HEALTH WORKERS FACE MANDATORY SWINE FLU VACCINATION, BUT THEY ARE RESISTING. WHEN THE HEALTH PROFESSIONALS DO NOT COMPLY, AND ECHO THE DANGEROUS RISKS, THE PUBLIC PAYS CLOSE ATTENTION. WHO WOULD KNOW BETTER OF LACED VACCINES? $$$

The mandatory swine flu vaccination has split New York state health workers, and resulted in public demonstrations. The approved regulation from August comes with a highly controversial addendum: Get vaccinated or get fired! Health care professional object to the regulation that they believe violates their personal freedom and leaves them vulnerable to vaccine infection. They boldly cite deaths associated with the last USGovt swine flu vaccination program in 1976. New York is the only state in the nation so far to require that health care workers be vaccinated, with a broad deadline of November 30th. Watch closely as doctors possibly are exempted with permission by the Elite, my conjecture. The state administrators actually threaten to terminate workers or perhaps demote them to positions not involved with primary care contact. Watch the Public Employees Federation, which represents 9000 health care workers statewide, including 3000 at the hotbed Stony Brook. They are urged to comply with the regulation. See the NewsDay article (CLICK HERE). The national vaccination plan might be derailed if health professionals refuse, and tell their stories.

◄$$$ AN URGENT LAWSUIT WAS FILED AGAINST THE FOOD & DRUG ADMIN TO HALT SWINE FLU VACCINES. IT CLAIMS THE F.D.A.VIOLATED FEDERAL LAW BY FAILING TO PROVE SAFETY AND EFFECTIVENESS OF THE VACCINE. $$$ An urgent lawsuit is being filed against the FDA to halt all Swine Flu vaccines by Health Freedom attorney Jim Turner (of the Swankin & Turner law firm). The firm works closely with the Citizens for Health (www.Citizens.org). The grounds for the challenge extend from the hasty approval by the FDA for four Swine Flu vaccines after failing to scientifically determine either the safety or efficacy of the vaccines, a step required by federal law. The legislators did rush through a law to protect the large pharamaceutical firms from collateral damage, like death and disability.

This lawsuit is is in process. Here is an excerpt from the report on this by Mike Adams, editor of Natural News (CLICK HERE). It all harkens back to 1976 when a previous formulation of the swine flu vaccine paralyzed and killed thousands of Americans. Turner was one of the attorneys instrumental in halting that vaccine, and he fears a repeat situation could potentially recur today. He told Natural News, "[In 1976] they were intending to innoculate 200 million people. We stopped them... and somewhere between 40 and 50 million people were vaccinated. What ultimately brought it down is that a substantial number of people got French Polio [Guillain-Barre Syndrome], a paralysis that goes... through the body, and if it goes far enough you die."

◄$$$ NEW OBAMA GUN TAX, A TERMITE TAX. $$$ All guns must be listed on your next 2010 income tax return! Senate Bill SB-2099 will require listing on the 2009 federal tax 1040 form all guns owned, with submitted fingerprints, and a paid $50 tax per gun. This bill was introduced on 24 February 2009 by the Obama staff. A sneaky legal process has been employed. Public knowledge will be given 30 days after the new law becomes effective, since it is a rider amendment to the Internal Revenue Act of 1986. The Finance Committee has passed this law without a Senate vote. The full text of the IRS amendment is on the US Senate homepage. See the Open Congress legal provision details (CLICK HERE). The USGovt might sense a growing rebellion.

◄$$$ ACTION TO HARM PUBLIC CROWDS SPREADS. $$$ A San Diego Sheriff claims the use of military Sonic Weapon on crowds 'is not controversial' in his words. Its purchase by the Sheriff Dept set off a different kind of shockwave after reported by East County Magazine in California. The Examiner.com reporter Kim Dvorac said in a radio interview, "If you accidentally flip that switch and someone is within a 30-foot range, they can have their eardrums burst, bleeding in the inner ear. It can result in an aneurysm or death." See the Raw Story article (CLICK HERE). The state and local governments are showing increased hostility to the people they are supposed to protect and serve.

◄$$$ THE SPLIT OF THE UNITED STATES INTO 4 REPUBLICS HAS SOME DETAILS OFFERED BY A RUSSIAN ANALYST, WHOSE TRACK RECORD IS GOOD. THIS IS PURE SPECULATION, BUT A REASONABLE SCENARIO. $$$ The disintegration of the US union might be dictated by the collapse of the USDollar and the imposition of control by creditors. The role of the USMilitary will be key. If they continue their current pattern, of pursuing private syndicate goals, expanding a vast syndicate of business engaged in arms dealing, narcotics production & distribution, and weapons production, the military might cooperate with the undertaking to split the United States into more manageable rule. The federal government of the United States has clearly shown its allegiance to the vast syndicate that exerts near total control over the military, the finance sector, and the press, with increasingly dangerous signals of control over the pharmaceutical industry as well. An organized split could coincide with a USTreasury debt default, and creation of a Receivership Tribunal. One contact claims the tribunal has already been formed among USTBond creditors, one year ago when the US banking system died. A tribunal would seek efficient regional management. The USGovt would dissolve and the syndicates would evolve independently as continuing businesses, but without access to the US$ Printing Pre$$ or USGovt budget.

Former Soviet Union KGB analyst Professor Igor Panarin has predicted the breakup of the United States into four main republics. Panarin correctly forecasted the breakup of the Soviet Union years before it occurred. He has analyzed and detailed the US breakup for ten years running. The Wall Street Journal ran his analytic forecast months ago. Panarin provided details, with a California Republic under control by China, with a Central North American Republic under control by Canada, with a Texas Republic under control by Mexico, with a Atlantic Republic under control by Europe. Alaska would move to control by Russia, and Hawaii would move to control by Japan. See the YouTube video clip (CLICK HERE). If states exert their sovereignty strongly enough, a breakup could actually be the climax in a movement to disconnect ties to the syndicates in WashingtonDC and New York. Many states are pressing their Tenth Amendment rights. Already, the state of Texas is pushing for secession, which must be watched. It is reasonably self-sufficient for crude oil & natural gas energy supply, but not for food supply.

Reporting on the same story, The Wall Street Journal wrote, "Professor Panarin, 50 years old, is not a fringe figure. A former KGB analyst, he is dean of the Russian Foreign Ministry Academy for future diplomats. He is invited to Kremlin receptions, lectures students, publishes books, and appears in the media as an expert on US-Russian relations. [Panarin believes] mass immigration, economic decline, and moral degradation will trigger a civil war next fall and the collapse of the dollar." See the Wall Street Journal article (CLICK HERE).

◄$$$ THE NATION FACES THE END CHAPTER OF FIAT PAPER USDOLLAR, THE REIGN OF TERROR, AND THE LAST PHASE OF A MILITARY EMPIRE. CORRUPT BANKERS ARE RUNNING THE SHOW WITH PHONY MONEY. $$$

Initially the United States was an economic superpower founded upon an entrepreneurial spirit and a very strong production machine backed by recognized military power. The Vietnam War changed the national course. The sacred defense budget began, never to be reversed, one that required an ongoing war to keep the military busy and to fatten the defense contractors, not to mention provide a proving ground for sophisticated weaponry. The weapon that impresses me personally the most is the copper explosive array device dropped by aircraft over enemy tanks that destroy the group in minutes. One must admire the stealth bomber and drone aircraft. When President Nixon abolished the gold standard in 1971, the decision enabled unbridled military expansion, funded by USTreasury debt, aided by USCongress budget largesse, and access to US$ counterfeit. Money printing became a production process in earnest, along with growth and protection of syndicates. Over the next three decades a total of $2.3 trillion in Pentagon funds went missing. To ignore the syndicate traits of the military sector is folly.

The Matterhorn Asset Mgmt points out that, "There are US military bases in 120 countries. The money printing phase is normally the last stage of an empire before it collapses, and this is where the US is now. The US dollar became the reserve currency of the world when the US was strong economically. But as the US economy started to weaken in the 1960-70's, the US government found a much better method for maintaining a strong economy. It started to print paper that it sold to other nations or exchanged for goods and services. For almost 50 years this has been the most clever way ever devised of maintaining the living standards of an economically deteriorating nation without even having to spend any resources on building an empire. It is a Ponzi scheme which has worked for several decades, but slowly the world is now waking up to the fact that they are holding worthless paper printed by the US Government… The bankers are still running the show. The masters of the financial circus are the bankers. Not only did they reap the benefits from manufacturing toxic financial products, to the extent of receiving bonuses and stocks in the $trillions during the last 15-20 years. But they are also the only beneficiaries of the trillions of dollars that have been printed by governments to rescue the financial system. Why are the bankers benefiting from the rescue of their own banks? Because they are the ones controlling the government, advising the government, and making major contributions to the politicians." See the Matterhorn Asset Mgmt article (CLICK HERE).

◄$$$ SUNSET ON UNITED STATES IS SEEN BY A PROMINENT ECONOMIST AND FEDERAL JUDGE. $$$ Profoundly rising debt might cause the sun to set on the USEconomy, and nation in entirety. As an economic power, the United States might fade in the same way as the British Empire, due to rapidly increasing debt burden, according to Richard Posner, an economist and federal judge. Comparisons are immediately clear. He expects public debt to continue hurtling upward. Declining tax revenues, rising Medicare costs, reluctance by the USCongress to cut spending or raise levies, and the likely new costs to overhaul health care and promote climate control will push debt higher, in the view of Posner. He wrote, "At some point the wheels may start to come off the chassis. The US my find itself in the kind of downward economic spiral in which 'developing' countries often find themselves." See the Bloomberg article (CLICK HERE). My description is entry into the Third World, as credit supply is interrupted and the USDollar currency suffers major decline.

◄$$$ GORE VIDAL MENTIONS DICTATORSHIP IN THE UNITED STATES, AND ASSASSINATION AS A POSSIBLE TRIGGER FOR IT. HE IS A BOLD MAN. $$$ Prominent author Gore Vidal said "We will have a dictatorship soon in the United States" while adding that America is 'rotting away' without any potential for Barack Obama to save it. Vidal went so far as to gesture with raised fingers to signify a gun, muttering 'Bang Bang' in a refernce to a possble Obama assassination. America should leave Afghanistan, he urges, with implication that failure to comply with the USMilitary brass could place Obama at risk. He refers to opposing the narcotics syndicate.

Vidal said, "Just a mysterious lone gunman lurking in the shadows of the capital… Obama is inexperienced. He has a total inability to understand military matters. He is acting as if Afghanistan is the magic talisman: solve that and you solve terrorism. We have failed in every other aspect of our effort of conquering the Middle East or whatever you want to call it. This 'War on Terror' was made up. The whole thing was PR, just like weapons of mass destruction… America has no intellectual class and is rotting away at a funereal pace. We will have a military dictatorship fairly soon. Benjamin Franklin said that the system would fail because of the corruption of the people. That happened under Bush." See the bold Women Times Online article (CLICK HERE). His references to the NeoCons being a revived Fascist party based on hatred and aggression were omitted above.

◄$$$ CONCENTRATION CAMPS IN AMERICA HAVE BEEN DESIGNED AND CONSTRUCTED FOR THE F.E.M.A. AGENCY. THEY ARE IN ALL LIKELIHOOD NOT INTENDED FOR PLEASANT EXPERIENCES. $$$ The Federal Emergency Management Agency (FEMA) is controlled by the security apparatus of the USGovt. It has separated the United States of America into 10 regional zones. Military bases, former internment camps from World War II, and several other types of transportation facilities have been converted. The key is access shared access to railroads. Many like Luke Air Force Base, west of Phoenix, are definitely FEMA facilities for declared regional and national emergencies, like martial law. Most Americans are not even aware that these FEMA camps exist. The internet is accused of many fabrications, painting the USGovt as evil. A ready FEMA camp or authorized facility might be located in your home state. See the harrowing disturbing video clip from Freedom Arizona and the FEMA zones (CLICK HERE).

Watch the video tape located at the bottom of the webpage. It contains a tour of a converted Amtrack facility in Indiana, which has received ample federal funding. The barbed wire points inward to contain the expansive grounds. Trains are marked USAir Force. A crane is marked USArmy. No confusion. Numerous pen areas seem designed to move people by trains, with zones for human queues. Large buildings have electronic turnstyles and prison bars. Watch towers and radio towers are shown. But the most ominous feature is the large number of gas lines directed to the building whose windows are shuttered. On the back of the buildings are very large industrial furnaces. If you anticipate furnaces are for keeping the prison population warm, then think again. The buildings have heated floors. During the film footage, a black helicopter was spotted, typical of CIA and other federal security agencies. The image of a modern day Auschwitz or Dachau or Treblinka or Belden comes to mind, at least on my wavelength. This facility seems like a US Nazi Death Camp. The camp residents are likely to be illegal aliens, terrorists, rioters, advocates of anarchy, indigent debtors, and the homeless who turn violent. Add perhaps dissidents and certain writer analysts. Maybe the camps will include badly infected virus victims, and the furnaces are to burn their cadavers.

NARCO SYNDICATE STORY

◄$$$ A WORTHWHILE BRIEF EXERCISE IS TO PERUSE A BACKGROUND BROAD EXPOSURE ON C.I.A. & USGOVT NARCOTICS. FIND IT ON THE PUBLIC DOMAIN. ADMITTEDLY THE TOPIC IS DANGEROUS, BUT IF ONE REMAINS ON THE PUBLIC DOMAIN, THE VENTURE IS VERY SAFE. $$$

Peter Dale Scott provides a diverse background of the sordid USGovt involvement with the narcotics industry on a global scale. He is a former Canadian diplomat and professor at the University of California (Berkeley). He is the author of "The War Conspiracy: JFK, 9/11, and the Deep Politics of War" published in August 2008. It is chock-filled with juicy details that will confirm to the enlightened and shock the novices about agency syndicate activity. Beware that to follow the details with actual bank accounts and flow charts and deposit mules and banker intermediate names and order routes and delivery methods and customer lists and payment schedules and more is highly dangerous. People are routinely killed for their pursuits and efforts. My objective is to keep track from an aerial view, not to bother with any details whatsoever, only to see the big picture that is visible in the public domain, confirmed by personal contacts with a military background in special outfits. See his article from Canada on Global Research entitled "Deep Events & the CIA's Global Drug Connection" (CLICK HERE).

Opium Economics, or Narcotics Economics, are highly lucrative. Since the Vietnam War, the USMilitary has been involved with narcotics. Its income source has enabled the agencies a great degree of independence, especially freeing them from justifying actions to the prying eyes and principled objections of the USCongress. A gigantic syndicate was spawned. They captured the Cambodian Triangle in the 1970 war in SouthEast Asia. The war in Yugoslavia attracted the US attention when a stronghold was made clear in that region to prevent Chechnya from gaining a dominant narcotics role. The USMilitary maintains key control of certain areas, and has created an Eastern Europe zone of US control. Liberation of Bosnia or any neighboring small nation had a secondary motive, probably primary motive.

◄$$$ TO CALL THE NARCO TRADE LUCRATIVE IS LIKE CALLING MICROSOFT'S BILL GATES RICH. THE SOURCE IS AFGHANISTAN, WITH SHIPPING IN EASTERN EUROPE, AND MONEY PROCESSING IN BAGHDAD IRAQ, MANAGED BY JPMORGAN. FOR THIS REASON, THE USMILITARY WILL BE STAYING IN IRAQ. $$$

For a very brief background on the narcotics and its conversion from poppy resin to street heroin is interesting. See the GOOD IS video clip (CLICK HERE). Bear in mind the propaganda at the end. It claims the USGovt attempts to interrupt the Afghan poppy harvest, when in fact they control something like 18 of the 20 top Taliban chiefs, working closely with them, according to military sources. Also, but not in the video clip, the USGovt news reports actually make the outrageous claim that the Afghan poppy production has risen 3-fold since 2003, despite all USMilitary efforts, thus motivating the need for more funds from the USCongress. In fact, the Afghan opium output is close to 15 thousand metric tonnes of opium annually. When the Taliban was in power, the opium trade was about 135 metric tonnes per year. The USMilitary has achieved a 11-fold increase in production with active efforts, bribery, assistance, and diverse control measures.

The estimated value at the wholesale level for 15k metric tonnes of heroin is $150 billion. The street value for 15k metric tonnes is $5.4 trillion (=$5400 billion). Through lower level and more extensive distribution, the US security agencies earn an estimated $350 to $370 billion in annual income from the narcotics trade. Distribution is all across Europe, England, and the United States. Incredibly, the street value of heroin is 12x that of gold coins by weight! Their costs are heavily subsidized by the USGovt defense budget, while profits are not shared. The US syndicate controls Afghan narcotics, which represents 93% of the global heroin trade. It makes up 50% of the entire Afghan economy, where over 500 individual farmers earn $4000 per year in processing the secreted poppy resin, instead of $2200 per year from tradition crops. Also, more land is now devoted for opium production in Afghanistan than for coca cultivation in all Latin America.

The narcotics trade, in my opinion, is a dominant theme behind most of the US foreign policy. Many different decisions are made, but false reasons and rational are stated as credible fronts for political consumption and public acceptance. Certain key nations share in the narcotics profits, with their flagship national banks participating as money launderers. They include JPMorgan in the US, Barclays in England, and Deutsche Bank in Germany. This enterprise is quietly used to justify why US men & women are fighting and dying in Afghanistan. Many soldiers are unaware, when so many come from lower class seeking to improve their lives, even earn an education. Some do so, but with missing limbs. In defiance of internationl law, the USGovt formally recognized Kosovo, whose current leader is a wanted criminal from Interpol. In the last year, the official narcotics trade flow was altered. Details of airbases are not necessary, but Italy is not a station anymore. Let it be known that NATO has made some important breaks, if not schisms, with the United States in recent months and years. Lastly, the USMilitary will in all likelihood maintain some presence in Iraq. JPMorgan Chase is running the Bank of Baghdad, the current clearinghouse for the narcotics funds on Afghan narcotics sales, confirmed by multiple sources. The drug money is laundered from there to major European, London, and New York banks. Some argue that without the narco funds, the Western banks would have folded years ago.

◄$$$ THE AFGHAN WAR IS NOT GOING WELL. NO NATION HAS EVER INVADED AFGHANISTAN IN TWO MILLENNIUMS AND PREVAILED IN SUBDUING THE FIERCELY INDEPENDENT NATIVES. IN RECENT HISTORY THE BRITISH AND RUSSIANS FAILED. DEFEAT LOOMS LARGE FOR THE USMILITARY. A LOUD PUBLIC BREAK HAS EMERGED BETWEEN PRESIDENT OBAMA AND GENERAL MCCHRYSTAL. SYNDICATE POWER MIGHT BE DISPLAYED IN THE NEXT YEAR TO AFFECT NATIONAL POLITICS. $$$

An Afghan War defeat looms large. Let the Washington Times tell the story (CLICK HERE). The USMilitary Generals want more troops, more boots on the ground as they say. The US President and his politcal party do not wish to become embroiled in a war that gradually escalates, step by step, but that is precisely what is happening. Obama ran a campaign on reducing Iraq commitments but increasing Afghan commitments. The expansion of the war into Pakistan is fraught with much greater risk. Obama is told by General McChrystal that he does not have the right attitude toward the War on Terrorism, which is codeword for disrespect for the Narcotics Syndicate business in my view. National television promotes the former description, not the latter one. If Obama crosses the syndicate, he might not be in power for much longer. The insider research communications discuss 'The Obama Problem' openly. The solution might be seen as President Biden. People should be mentally and emotionally prepared for either a military coup or worse. Declaration of martial law could also occur, if riots break out across the nation. A US$ collapse would set off extreme disruptions to banks, supply chains, and commerce generally. The jobless would take to the streets in violence and outrage. Enough, since dangerous stuff.

Obama is repotedly furious over open criticism lodged by the top General at the president. Their working relationship is highly strained. The syndicate wants more troops, but the people do not. The USMilitary (as well as Wall Street, the USDept Treasury, and Defense Contractors for that matter) have not represented the interests of the people since the Vietnam War. See the Anti-War News article (CLICK HERE). The NATO top General echoes how the Afghan War is not going well. See the Sympatico News article (CLICK HERE).

◄$$$ THE STRATEGIC IMPORTANCE OF TURKEY IS NARCOTICS IN THE GRAND FLOW, WITH NUMEROUS POINTS IN SUPPORT. IT HAS ALWAYS BEEN A STRATEGIC NATION, FOR NATO MISSILE PLACEMENT SINCE WORLD WAR II, BUT RECENTLY FOR OIL PIPELINES FROM THE CASPIAN SEA. $$$

Turkey was continually mentioned in the tensions involving the attempted invasion by Georgia of its neighbor South Ossetia inside Russia one year ago. Oil and control of oil pipelines was a key. Russia has long coveted control over the oil & natural gas pipelines that run through Georgia, in particular those sending new Caspian output from Azerbaijan through Georgia and into Turkey. Russia wants regional energy distribution monopoly. Russia wants control over the pipelines running through Ukraine for the same reason, which would broaden Russian control over the flow of oil & gas into Europe from Eastern production. Russia has been working cooperatively with Turkey to extend pipelines for delivery of Black Sea oil for delivery through the BTC Pipeline at the Turkish port in the Mediterranean Sea. Even more complexity is evident when stories emerge like in January 2007 for plans to extend Turkish pipelines to Israel for delivery of oil, gas, and even water. See the Haaretz story (CLICK HERE).

A November 2007 story described a preliminary study by Italian energy conglomerate ENI SpA and Turkey's Çalık Holding, which deemed the project as economically feasible. The proposal calls for the construction of a network of 460 kilometers in pipelines at an estimated cost of $2.5 to $4.0 billion. At issue is the cost of this project versus costs of desalinization plants. See the Global Water Intelligence article (CLICK HERE). The complexity of the geopolitics becomes clear when considering the involvement between Russia and Turkey in enery policies. Fast forward to recent months of 2009. Turkey and Russia concluded a comprehensive energy deal reported by the New York Times (CLICK HERE). Also, Russia and Turkey forged a natural gas pipeline deal that would establish the South Stream network. It would eventually run from Russia to Bulgaria before delivering gas to consumers in the European Union. See the Sify News article (CLICK HERE).

◄$$$ THE ENTIRE SIBEL EDMONDS STORY SHATTERS ALL DENIALS OF THE USGOVT COORDINATION, COLLUSION, AND COMPLICITY WITH THE DRUG TRADE. IT ALSO CASTS A BAD LIGHT ON THE OFFICIAL 9/11 STORY AS THE CAST OF CHARACTERS LINKS BIN LADEN TO THE BUSH FAMILY. THOSE WHO DENY THE STORY ARE INCREDIBLY DECEIVED OR ABSURDLY DISTRACTED BY THE FLAG THEY WAVE ON NEO-CON ORDERS. CLEARLY, THE BUSH WING WAS A GAGGLE OF NEO-NAZIS. $$$

Intrigue enters the picture. Intrepid Sibel Edmonds injects information on the Turkish angle. Edmonds is the gagged FBI whistleblower who will not stop talking and writing. She has revealed information on espionage, terrorism trails, and secrets for sale by governments. She reports on an ongoing FBI investigation concerning intelligence, weaponry, and years of infiltration by Turks. Edmonds wrote in the American Conservative magazine, "The seeding operation started before Marc Grossman arrived at the State Department. The Turkish agents had a network of Turkish professors in various universities with access to government information. Their top source was a Turkish born professor of nuclear physics at the Massachusetts Institute of Technology. He was useful because MIT would place a bunch of PhD or graduate level students in various nuclear facilities like Sandia or Los Alamos, and some of them were able to work for the Air Force. He would provide the list of PhD students who should get these positions. In some cases, the Turkish military attaché would ask that certain students be placed in important positions. And they were not necessarily all Turkish, but the ones they selected had struck deals with the Turkish agents to provide information in return for money. If for some reason they had difficulty getting a secuity clearance, Grossman would ensure that the State Department would arrange to clear them." See the American Conservative article (CLICK HERE).

Sibel mentioned the name Susurluk in her work. A Google search results in the lights turning on. Only a rough high level sketch is provided here, enough to make a connection to the narcotics trade exploited and sponsored by the USGovt agencies. See the Wikipedia note on the scandal related to this man (CLICK HERE). According to Interpol, Turkey is a major staging area and transportation route for heroin destined for European markets. The US Drug Enforcement Admin estimated the 1997 volume of the Turkish heroin traffic at 4 to 6 tons per month. Like many such Turkish political groups, the PKK appears to be funded by the narcotics trade. Factions battled over the business during the transition. Furthermore, intelligence expert Mahir Kaynak described the police camp as 'pro-European' and the MİT camp as 'pro-American.' Those involved gained $billions in profits from the drug smuggling. The ring went as high as the chief of the Istanbul police at the time. Diverse cover and protection from arrest was afforded. At every consulate, a staff member was officially assigned to launch cultural centers and Turkish schools for example, and money would be donated to them. The Turkish Cultural Assn was completely funded by money from the drug trade. See the The European portion of the drug route, called 'the Balkan route' whose transportation routes pass through Turkey. The drug connections for Afghanistan, Pakistan, Iran, then Turkey are clear (CLICK HERE).

A note on background. Sibel Edmonds is a former FBI translator and the founder of the National Security Whistleblowers Coalition. Philip Giraldi is a former CIA officer and The American Conservative's Deep Background columnist. Giraldi conducted an interview that is revealing. Sibel Edmonds began work as a Turkish and Farsi translator for the FBI five days after 9/11. Farsi is the spoken language in Iran. She translated recorded conversations between suspected Turkish intelligence agents and their American contacts. The journal wrote, "She was fired from the FBI in April 2002 after she raised concerns that one of the translators in her section was a member of a Turkish organization that was under investigation for bribing senior government officials and members of Congress, drug trafficking, illegal weapons sales, money laundering, and nuclear proliferation. She appealed her termination, but was more alarmed that no effort was being made to address the corruption that she had been monitoring."

A USDept Justice Inspector General called Edmonds's allegations "credible, serious, and warranting a thorough and careful review by the FBI." Ranking Senate Judiciary Committee members Pat Leahy (Vermont) and Chuck Grassley (Iowa) have supported her case publicly. Even '60 Minutes' conducted an investigation of her claims and found them credible. Claims by Edmonds have never been disproved, which she says can be verified by FBI investigative files. Former Attorney Genl John Ashcroft confirmed Edmonds's claims indirectly by twice invoking the dubious State Secrets Privilege, a maneuver that blocked any revelations legally. The ACLU has called her "the most gagged person in the history of the United States of America." On August 8th, she spoke out in testimony under oath in a court case filed in Ohio. She later agreed to an interview with The American Conservative based on that testimony. What follows is her own account of what some consider the most incredible tale of corruption and influence peddling in recent times. It implicates the highest levels of the USGovt and casts doubt on the official 9/11 nonsensical commission report. As Sibel herself puts it, "If this were written up as a novel, no one would believe it." See the American Conservative article with complete awestruck interview (CLICK HERE).

The trouble with running a syndicate is that it requires workers. They have eyes, ears, and can talk and write. What follows explains the nature of the relationship between the Bush Family and the bin Laden Family. Painting Osama bin Laden as a villain is one of the most fantastic public relations ploys in modern history. After looking at the map, and listening to the Edmonds quotes below, one can see clearly the Bush Family and their close friends in the Bin Ladens were up to their eyeballs in drug running. Perhaps someday the US press networks can paint the Bush Family as national villains who hide over $1 trillion in drug money. My doubts persist, since many Americans aint that bright and love to hate too much, while waving flags on cue.

EDMONDS: Okay. So these conversations, between 1997 and 2001, had to do with a Central Asia operation that involved bin Laden. Not once did anybody use the word "al-Qaeda." It was always "Mujahideen," always "bin Laden" and in fact, not "bin Laden" but "bin Ladens" plural. There were several bin Ladens who were going on private jets to Azerbaijan and Tajikistan. The Turkish ambassador in Azerbaijan worked with them. There were bin Ladens, with the help of Pakistanis or Saudis, under our management. Marc Grossman was leading it, 100 percent, bringing people from East Turkestan into Kyrgyzstan, from Kyrgyzstan to Azerbaijan, from Azerbaijan some of them were being channeled to Chechnya. Some of them were being channeled to Bosnia. From Turkey, they were putting all these bin Ladens on NATO planes. People and weapons went one way, drugs came back.

GIRALDI: Was the USGovt aware of this circular deal?

EDMONDS: 100 percent. A lot of the drugs were going to Belgium with NATO planes. After that, they went to the UK, and a lot came to the US via military planes to distribution centers in Chicago and Patterson, New Jersey. Turkish diplomats who would never be searched were coming with suitcases of heroin.

◄$$$ THE STORY IS SKETCHY, BUT THE POINT IS CLEAR. MURDERS SEEM TO BE A KEY SERVICE BY USMILITARY CONTRACTORS. ATTENTION IS DIRECTED AT BLACKWATER, WITH A LAWSUIT IN PROGRESS. BLACKWATER DOES OTHER 'WORK' WITH HIT SQUADS IN PAKISTAN AND MAYBE PAST WORK IN BEIRUT. BLACKWATER HAS TRAINING FACILITIES IN THE PHILIPPINES. $$$

The charge is that Blackwater founder Erik Prince is responsible for personally directing murders, many murders, on foreign land. The story comes from the party aggrieved, a near victim himself. They claim from a 24-hour remote monitoring War Room at the private military company headquarters in North Carolina, Prince conducted business services. His top executives openly discussed 'laying Hajjis out on cardboard' and how they 'bragged about their collective role in killing those of the Islamic faith,' the suit alleges. The description continues with sordid details. On more than one occasion, the Blackwater mercenaries went Night Hunting in helicopters after 10pm over the streets of Baghdad, wearing night goggles, killing at random. The lawsuit says Prince engineered murders to occur on at least 11 occasions, including at least some in the United States. A photographer was murdered as well, attempting to gather evidence. The stories involves a young man, not identified in the court papers, who was killed after taking pictures of Blackwater executive Anna Bundy. She was busy packaging illegal weaponry outfitted with silencers for shipment to Iraq. The photographer was warned with fateful words, that such photographs "are what get people killed." See the Hamptom Roads article (CLICK HERE). The story will probably not be circulated much, as the cooperative US press will suppress it.

What follows is from the Tehran Times, hardly a leader in journalism, but this story has possible merit. Bear in mind that US news wires print whatever nonsense and prattle handed to them by USGovt press agents. Let it flow in full form, straight from that source without edit. See the Tehran Times article (CLICK HERE).

"Pakistan's former chief of army staff, General Mirza Aslam Beg (ret), has said the US private security company Blackwater was directly involved in the assassinations of former Pakistani prime minister Benazir Bhutto and former Lebanese prime minister Rafik Hariri. During an interview with a Pakistani TV network last Sunday, Beg claimed that the United States killed Benazir Bhutto. Beg stated that the former Pakistani prime minister was killed in an international conspiracy, because she had decided to back out of the deal through which she had returned to the country after nine years in exile. In addition, US journalist Seymour Hersh has accused former US vice president Dick Cheney of being involved in the Hariri assassination."

Investigative Journalist Wayne Madsen claims that the Philippines has become a major base for the controversial Blackwater, known as 'Xe' in the industry. They train private contractors for the wars in Iraq, Afghanistan, and elsewhere. Madsen explains why exactly the attraction to this Pacific location. The shadowy firm is not alone. See the Real News article (CLICK HERE).

BARBARIANS AT THE USFED GATES

◄$$$ USFED THREATENS TO IMPOSE HIGHER INTEREST RATES, AMIDST A FORMIDABLE CHALLENGE BY RON PAUL, AS A CLIMAX EVENT COMES FROM FAILURE. THE USFED CANNOT AFFORD DISCLOSURE OF ITS VAST SYNDICATE OPERATIONS ANY MORE THAN THE MAFIA. THE BOND FRAUD COVER-UP, MONEY LAUNDERING, FOREIGN PAYOFFS, AND AND CONGRESSIONAL BRIBERY WOULD BE EMBARRASSING. SO THEY THREATEN HIGHER INTEREST RATES. THIS IS SYNDICATE HIGH JINKS WARFARE. $$$

US Federal Reserve General Counsel Scott Alvarez actually claimed that audits of monetary policy by the USCongress could lead to higher interest rates and reduced confidence in central bank policy. The USFed counsel might be right on target, as vast monetization of USTreasurys would be revealed and probably curtailed, resulting in higher interest rates. As for reduced confidence, that is without doubt true as widespread corruption would be seen with a vast spotlight. Judgment of the USFed is not the issue, but rather extortion, money laundering, bond fraud, hidden monetization, as well as vast cover-ups of aforementioned, foreign payoffs, and bribery of legislators disguised as campaign donations.

USFed Chairman Bernanke and his colleagues are trying desperately to dissuade lawmakers from passing legislation sponsored by Congressman Ron Paul of Texas that would repeal the central bank's immunity to audits of their balance sheet, their money trails, and their monetary policy mechanisms. Ron Paul is running the exact risk described in the previous section, when revealing syndicate detailed operations. The new law if passed would grant the Govt Accountability Office broad auditing powers, essentially a return of power from the Bank Elite to the People's representatives, who unfortunately remain deeply compromised. USFed officials used emergency powers to protect creditors of Bear Stearns and American International Group during the financial crisis, and later hid their usage of the TARP funds for bank aid, thus prompting strong pressure for Congressional scrutiny. The USFed actions stinks of syndicate cover-up activity.

Representative Barney Frank, the chairman of the committee and a limp wristed supporter of Wall Street, commented "We do not want to give the rest of the world or, more important, domestic investors the impression that we are somehow in a formal way injecting Congress into the setting of monetary policy. That could have a very destabilizing effect." He overlooks the heavy politicization of the USFed monetary policy since Greenspan heydays. He admitted that "a lot needs to be done" on USFed transparency, while he tried to walk the middle of the road. He stressed lack of interference with the independence of monetary policy decisions. The USFed through its failure and collusion has lost its right for autonomy, since it is clearly a financial syndicate coordinator.

◄$$$ SOME DETAILS ARE REVEALED ON THE PROPOSED AUDIT OF THE US FEDERAL RESERVE. IT WOULD STRIP MANY OF ITS PRIVILEGED POWERS. THE INSURRECTION MIGHT BLOCK ADDITIONAL AUTHORITY GRANTED TO THE USFED. $$$

Some details of the Paul Bill. It would remove critical historical exemptions. Paul's legislation would remove USFed exemptions from audits in four areas:

1. transactions with foreign central banks

2) deliberations on monetary policy matters including discount window operations

3) transactions made under the direction of the Federal Open Market Committee

4) communications and discussions between the Board, the reserve banks, and staff.

Committee head Frank supports a delay in making some USFed information public, such as the securities it buys and sells, so as to avoid a 'direct market effect.' Paul shared after the meetings that the audit powers in the Bill that bears his name may be altered to delay by three to six months releasing information on FOMC actions. The legislation is likely to be included in a broader Democratic package of financial regulation changes in the House, Frank promised. Paul called it a 'Gentleman Agreement' in his words. Progress is slower in the US Senate, where bribery is much easier, since members are older, more connected with the Establishment, and have longer serving terms. The legislation has 295 sponsors in the House, including every Republican member. The USFed faces other challenges by the USCongress, including a proposal to strip the central bank of its power to write rules on some consumer financial products.

Ron Paul gave the USFed a lashing on its failure. In the hearing, Paul told Alvarez that the USFed had failed to stabilize interest rates, prices and employment, according to its mandate. Paul slammed the table with comments that oppose the demands put forth in regulatory reform, when he said, "What we need is more oversight and more transparency, rather than more authority to the Federal Reserve." This is a battle for control of the national money, its lifeblood, and to wrest power from the financial syndicate that has controlled and exploited the nation since before the Great Depression. Many millionaires were made among the Elite during the Great Depression and its orchestrated recovery. See the Kennedy family and others, who were invited to become millionaires.

The response by Alvarez was weak, predictable, and ignored their past failures, naturally. He is hired to represent the syndicate on the stage. He said the following. The legislation could disrupt their relationships with foreign central banks. GAO audits of discount window lending could reduce the effectiveness of "these facilities in promoting financial stability, maximum employment, and price stability. Monetary policy independence prevents governments from succumbing to the temptation to use the central bank to fund budget deficits. Financial markets likely would see the grant of audit authority to the GAO with respect to monetary policy as undermining the Federal Reserve's independence." See the Bloomberg article (CLICK HERE).

◄$$$ THE U.S. PRESS FAILS TO COVER THE RON PAUL BILL TO AUDIT THE USFED. HUGE ISSUES OF NATIONAL IMPORTANCE ARE INVOLVED, EVEN THE EXISTENCE OF THE REPUBLIC. $$$ The USFed is a haven for secret money, the central money laundering location, the principal collusion station for bond fraud, and the brain center for insider Wall Street trading. It also plans the next US Mythology chapters for economic digestion. The central bank benefits from the Media Cover-Up. The HR 1207 Bill calls for the first independent formal audit of the US Federal Reseve in its 96-year history. Contrary to mistaken popular belief, the USFed is not an appendage of the USGovt, but rather an independent subcontractor for monetary policy and currency management. The USFed has spent or committed trillions of dollars, but almost no details are known, even though they used our nation's funds. The USCongress is largely bribed not to investigate by the same financial syndicate.

Many questions are listed by the USCongress for direct answers: Why did the USFed give foreign banks $500 billion during the Wall Street meltdown last year? What are the names of the all the banks, both foreign and domestic, that were bailed out, and how much money did each bank receive? Why were the real reasons for nationalizing both AIG and Fannie Mae? Where did the $trillions in money go? In addition to Ron Paul from Texas, Representative Alan Grayson of Florida has been a staunch advocate of the Bill. My theory is that large funds were used to pay off foreign financial firms and institutions (like central banks) in return for not prosecuting against deep Wall Street fraud in the World Court. Also, payoffs might have intended to silence opposition to huge syndicate frauds run by the USDept Treasury and the Bank of England, the smallest of which was the Madoff Ponzi Scheme.

Other more populist questions should be directed to the mainstream media. Why is a story about $trillions in secret bailout money not being covered? This is a tremendously important legitimate story with profound implications for every American, even the future integrity if not existence of the Republic! The biggest story in the financial history of the nation is being ignored by the press. Maybe this is part of the reason the news media's credibility rating sank to a new all time low in a recent Pew Research Center poll. See the USA Watchdog article (CLICK HERE). My answer to the latter questions is that the press networks are part of the larger syndicate, and have been for two decades. Just follow the 9/11 official story coverage and the support it gives to the phony War on Terrorism, which is a codename for the Narcotics Cartel.

◄$$$ BIG UNANSWERED QUESTIONS CENTER UPON WHERE THE MASSIVE USTREASURY BOND ACCUMULATION IS BEING HIDDEN. THEIR EXPLOSION & BREAKDOWN IS ASSURED, BUT THEIR LOCATION IS A MYSTERY. THE USFED IS NOT THE ONLY LOCATION WHERE THEY ARE HIDDEN, STUFFED, AND FESTERING WITH GAS INSIDE A BUBBLE. THE ANSWER IS DARK POOLS, WHICH ARE HIDING THE BOND MONETIZATION, THE SOURCE OF MAGNIFICENT USTBOND SUPPORT. SOME DARK POOLS ARE IDENTIFIED. $$$

The USTreasury Bond market is the last great bubble soon to explode. It is not the biggest, whose distinction clearly went to the US housing market. The last time a USTreasury Bond bubble bust was 1976, shortly after the OPEC oil shock in 1973. The bust unwinding caused giant moves up in gold and crude oil prices, with a sharp rise in price inflation. Many years were needed to achieve stability. In today's environment, the USGovt has 6-8x larger a federal debt. This guarantees the effects of a USTBond bust would be orders of magnitude more devastating. The USFed has been revealed in its Permanent Open Market Action to repurchase the primary bond dealer inventory. This monetization is no longer hidden, and will eventually lead to a recognized global crisis. The long-term USTBond has lost at least 10% in value since the Lehman Brothers collapse, as the 10-year bond yield has risen from 2.0% to over 3.0% in recent months. See the Sovereign Society video clip by Chuck Butler, which is a simple message, hard to refute (CLICK HERE).

The source of information next is Rob Kirby, a bond expert who stands in the top echelons of financial forensic analysts. He describes the diverse Dark Pools. He urges a witch hunt to proceed, in search of where $1.4 trillion in Fannie Mae & Freddie Mac bonds are being stored, which the USFed has been purchasing. Also he urges a witch hunt to search for where the USFed is storing the USTreasury Bonds that are being monetized in hidden fashion. The USFed balance sheet was way more than $2 trillion before the huge USTBond issuance, auctions, and hidden monetization. That balance sheet right now is supposedly smaller. So where are the USTBonds being hidden in order to justify the supposed shrinking USFed balance sheet!?!?

When the location is identified and isolated, one will likely find the Major Off-Balance Sheet accounts that are responsible for gold manipulation, price suppression, and market intervention to keep its price down. One will likely also find the same accounts that aid in the stock market interventions, and currency interventions, some official bond counterfeit, and miscellaneous pond scum. Trillion$ of USTBonds are being hidden in plain sight, yet no bond analysts inquire openly as to where these trillion$ in USTBonds appear in the official accounting. They are not on the USFed balance sheet, yet the USDept Treasury has blessed their purchase by the USFed.

Here is the potential answer, the ultimate gigantic hiding place, the bubbly cesspool, the basement boxes, the potato root cellar. Kirby wrote, "Did I hear someone say there might be Trillion$ of Treasuries hidden somewhere? They are most likely buried in the nuclear waste heaps like the Interest Rate Swaps books managed by JPMorgan or Goldman Sachs. They are disguised, hiding in plain sight. They are described as 'Hedges' for their huge swap portfolio. This practice would be tough to prove unless an insider squeals. But my guess is these criminals are fighting fires on many fronts now. There is simply too much well documented, undisclosed, illegal market interference in recent months. The whole financial system is again in very deep trouble. Perhaps the specter of show trials becomes more likely with each passing day for those without the honor to suicide themselves. Maybe someone complicit and too cowardly to do the honorable thing will come forward and squawk, provided they can cop a deal on immunity. Who knows, it could be Robert Rubin, Maurice Greenberg, Hank Paulson, or maybe even Ken Lewis?"

Catherine Austin Fitts provided a list of potential locations for the illicit sequestering of USTreasurys and USAgency Bonds, hidden from public view, even from formal auditor view. Her background experience as formal auditor for the Housing & Urban Devmt (oversight for Fannie Mae & Freddie Mac et al) qualifies her for a solid conjecture. She wrote, "The hiding place location may be in the off-shore pools hidden through the CAFR. It may be in the Social Security Trust Fund. It may be in the pension funds. It may be in the bank balance sheets financed with TARP funds. It could be in off-shore pools set up with contingent liabilities to the USFed or USTreasury. Lots of possibilities. Most logical place to start is in unreported accounts of the Exchange Stabilization Fund." The CAFR is the Comprehensive Annual Financial Report, which is best described as the ultimate insider journal of slush funds, money laundering, bond counterfeit, and much more. It has been kept from the public eye for decades, like over 60 years, with frequent blackening on information from the news networks and media. See the Walter Burien description (CLICK HERE).

◄$$$ MEANWHILE, BACK AT THE BANKER SOUP KITCHEN, THE DEADBEATS MAKE THEIR MARKS. IN ALL, 33 BANKS THAT RECEIVED HEFTY T.A.R.P. FUND WELFARE FUNDS HAVE BEEN UNABLE TO SATISFY REPAYMENTS FOR AUGUST. VISIBLE BANKER EVIDENCE SHOWS FAILED RESPONSIBILITY, WHILE INVISIBLE EVIDENCE INVOLVES MASSIVE HIDDEN MONETIZATION CUPBOARDS AT THE USFED KITCHEN BASEMENTS. $$$

The Reuters article provids a list of the biggest offenders, with total assets, TARP Funds received, percentage of infusions, and leverage ratios. In all, 33 TARP Fund recipients missed a scheduled dividend payment to the USGovt last month, according to the USDept Treasury. The list includes 18 banks with only their first missed payment. Simple math reveals that 15 have missed two or more payments, hardly the successful program. Regard the misses as a powerful indication that the US banking system remains in trouble, despite politically inspired prattle by bank leaders about a recovery in progress. Furthermore, the news throws cold water on the notion that the taxpayers are 'making money' on the bailout. It is not too early to declare the entire banker welfare dispensation episode a charade with spotty results. A vast majority of the bailout money is still outstanding, not repaid. Prospects are poor for that repayment.

The 33 banks that missed dividend payment in August received $4.5 billion of TARP money. The biggest is CIT, where the $2.3 billion investment by the USDept Treasury seems destined toward a zero value. According to the latest data from Treasury, 42 banks have paid back some or all of the cash borrowed from the TARP Capital Purchase Program (CPP), with $70.7 billion in total borrowed. However, more than 600 banks remain in the CPP program, which collectively owe $134 billion. This accounting excludes other TARP bailout programs that are likely to cost billions. See the Reuters article (CLICK HERE).

◄$$$ SHEILA BAIR IS THE WALL STREET HARLOT, MY CONTENTION FOR MONTHS. A TRAIL IS LAID OUT BY A SLEUTH WHO HAS BEEN MILDLY TORMENTED BY USGOVT AGENCIES, WHO NOW INVESTIGATE HIM AS A TERRORIST. $$$ The Washington Mutual case is perfect for demonstrating that the FDIC does not act as bank deposit insurer, but rather as a harlot to arrange shotgun weddings with the giant Wall Street firms who obtain the deposits of other big banks for a song (low price). This saved the FDIC fund in a big way, and aids the Wall Street giants by raiding assets. It is called efficient, when it is actually grand larceny, and part of a sinister plan that coordinated asset liquidation and defense of fortress positions. The episode of shorting big banks was led by the Wall Street giants themselves, as they attempted to orchestrate both the shorting process and short covering process, using official restriction lists. Here is a sequence of key quotes from Mike Stathis, whose pepper of commentary and probes to agencies and reporters have led to a blowback of vengeful investigations of him. He wrote the following, taken from in "The Biggest Banking Heist in World History: Washington Mutual" by Mike Stathis (CLICK HERE)

"As it turned out, the WaMu asset 'giveaway' for less than $2 billion to JPMorgan represented the second banking heist JPMorgan negotiated from the FDIC in six months. Strangely, these also happened to be the top two banking heists ever. I also discussed the role of former SEC Chairman Chris Cox in facilitating these actions, which might explain why the investigation never went far. Finally, I discussed the role of Shelia Bair and the FDIC in seizing WaMu, despite official statements that the OTS (Office of Thrift Supervision) seized the bank. Perhaps this will eventually surface down the road just as previous claims I made of the Federal Reserve and Treasury Dept forcing Bank of America to buy Merrill…

After all, the initial naked short ban list in July 2008 left out the three financial firms in most danger of collapse at the time, Washington Mutual (WM), Wachovia (WB), and E-Trade Financial (ETFC). Excluding Fannie & Freddie, the remaining firms on this list had a short interest ratio of between 1 to 3%, which is standard for most securities. In even under bullish market conditions, most stocks typically have from 1 to 3% short interest for a variety of reasons. In contrast, WM, WB and ETFC had short interest ratios ranging from 15 to 25% and had early signs of financial problems. Short interest ratios this high indicate a strong bearish sentiment, as this range represents a large number of shorts relative to the float. Furthermore, these firms were in nowhere near the financial trouble (at that stage) as were WM, WB and ETFC, in part due to the fact that they had not yet been shorted. Please check back to verify this because I know it to be true for a fact. I will go ahead and make another assertion which I am willing to stake my reputation on. SEC Chairman Christopher Cox basically signed off on this list after having it handed to him by then Treasury Secretary Paulson…

You see, despite the claims made by Shelia Bair and others, the FDIC is not really an independent insurer. They are really a branch of the USTreasury, which might explain why Shelia Bair used to work at the Department of Treasury… The only thing I lack is the short data for WaMu to prove massive fraud. If I had access to short interest data from 2007 to 2008, I am willing to stake my reputation that I could prove the banking cartel acted illegally to cause the destruction of several banks. As for the insider trading, the SEC can easily confirm this by checking data. Yet, since submission of my formal complaint in October 7, 2008, there have been no announcements of any kind related to insider trading with WaMu. And I do not ever expect there to be, because I understand how the SEC works."

◄$$$ AN OHIO LAWSUIT AGAINST BANK OF AMERICA COULD FESTER, EVEN TO FORCE DISCLOSURE OF SYNDICATE ACTIONS. SHAREHOLDERS IN B.O.A. HAVE RIGHTS, AND THEY WILL BE DEMONSTRATED. CONSIDER A DISTANT HAND IS DIRECTING TRAFFIC TOWARD THE CLIFF, JUST LIKE LAST SEPTEMBER. $$$ Investors in a class action lawsuit against Bank of America over the Merrill Lynch takeover are embroiled in a movement to collect billion$ in damages. The Ohio Attorney General Richard Cordray spoke two weeks ago after filing a 155-page complaint in Manhattan federal court that accuses BOA of basic fraud when it concealed soaring Merrill losses. The salt in the investor wounds was the $3.6 billion in Merrill 2008 bonuses. Cordray said, "The amount of shareholder value affected here, negatively, is about as great as has been alleged in any case, ever. [Damages] could well be in the billions of dollars. [Investors are] not looking immediately to settle."

It could be that investors want some disclosure, some truth serum, and some satisfaction of syndicate activity laid bare under public spotlight. Top plaintiff status in the case has been granted to two pension funds in Ohio, along with one each in Texas, the Netherlands, and Sweden. See the Reuters article (CLICK HERE). In my view, the walls are collapsing on Bank of America while the floor is crumbling and the barbarians are at the gates. The visible response is the resignation of CEO Ken Lewis. Many banker sources report to me that Bank of America has so many problems, in addition to its insolvency, that it might be the next big bank to fail. It is a tight race to the failure cliff with Citigroup, but they have stronger syndicate ties. Be sure to know BOA has fewer Wall Street ties.

The witless Lewis has been thrown under the bus, hardly of Wall Street pedigree. Not a single prosecution of a key New York banker has occurred in decades. All convictions are outside the sanctity of the Manhattan syndicate locale. Here is a quote from a connected banker with ties across continents, a strong reliable track record in tipoffs, and a keen eye. He wrote, "It is all window dressing if you ask me. They pick a guy from the South outside Wall Street in order to protect their gang. This is so predictable that it is not even funny any longer. The interesting story will be once CIT and JPMorgan Chase go belly up. The FBI is likely not performing their Bank of America investigation independently. One suspects a group above the US Dept Justice is directing this investigation." That could be the Bank For Intl Settlements in Switzerland, the same group that ordered Wall Street to clean up or begin liquidation in mid-September last year. The BIS was the hidden factor to push the US bankers over the edge.

LEGAL CHALLENGES & FORECLOSURE VICTIMS

◄$$$ MORE AND MORE PEOPLE WALK AWAY FROM MORTGAGES. THE UNDER-WATER RATIO OF MORTGAGE HOLDERS NATIONWIDE HAS RISEN TO 26%, MUCH HIGHER IN THE GO-GO SAND BUBBLE STATES. A NEW WEAPON USED BY BESEIGED HOMEOWNERS, THE 'STRATEGIC DEFAULT' INVOLVES REFUSAL TO MAKE FURTHER PAYMENTS. THE PEOPLE ARE FORCING THE ISSUE, PRESSING FOR MEANINGFUL MODIFICATIONS, AND EVEN DEMANDING THE BANKERS TO PRODUCE LEGITIMATE TITLES. THEY SMELL FRAUD. CHAOS IS BUILDING. $$$

Home mortgage owners are walking away from mortgages, taking the upper hand. Homeowners who do make their monthly payments are weighing whether to sell and pay the difference in short sales, or to remain in the game out until housing prices recover, or to demand a meaningful remedy beyond the flimsy USGovt programs, or just to walk away. In the United States, a staggering 26% of borrowers owe more than their homes are worth, according to a Deutsche Bank Securities research group. In parts of California, Florida, and Nevada, the proportion is as high as 75% tragically. So-called 'Strategic Defaults' rose 128% to 588 thousand last year, in which homeowners stop paying their mortgages while remaining current on other debts. They are under-water on their loans and want out. In two-thirds of those voluntary default cases, they walked away on their primary residence. Strategic defaulters represent about 4% of all homeowners underwater (loan balance exceeds home value). If the public turns, and believes that home prices will not return to their peak values, the Strategic Defaults might escalate. Legal repercussions of foreclosures are much less painful in California and nine other states than other parts of the country. Banks might before long be more willing to accept foreclosure alternatives, such as a short sale or deed-in-lieu of foreclosure, with forgiveness of the difference in those states, according to experts. See the Bloomberg article (CLICK HERE).

One should expect a gradual tidal wave of civil disobedience and guys selling Thoreau's essay on street corners. The news of court cases where bankers cannot produce legitimate property titles is making it to the newspapers and internet journals, but not yet to the news networks under tight control. 'Civil Disobedience' could send the nation into chaos and actually produce martial law, in my view.

◄$$$ KANSAS LANDMARK CASE ON HOME FORECLOSURE. ITS SUPREME COURT DISMISSED THE LEGAL STANDING OF THE DATABASE THAT FANNIE MAE AND WALL STREET USED TO HOLD PROPERTY TITLES. THE COURT SAID A DATABASE CANNOT FORCE EVICTION IN HOME FORECLOSURE AS NOMINEE, SINCE NOT THE BOND HOLDER. THE M.E.R.S. DATABASE IS BEING DISCREDITED, HANDY FOR BOND SALES BUT FLIMSY IN COURT STATUS. $$$

A landmark court decision promises potential relief for homeowners and deep trouble for banks from legal standing positions. A web of debt has begun to ensnare the big banks, which are falling victim to their own fraudulent packaging of mortgage bonds. They were sloppy with the property titles, choosing lower cost and efficiency over legal potency. The landmark ruling in a recent Kansas Supreme Court case could eventually give millions of distressed homeowners the legal wedge they need to avoid foreclosure, in a case where the bank's name is symbolic. In Landmark National Bank versus Kesler, the Kansas Supreme Court held that a Nominee company called MERS has no right or standing to bring an action for foreclosure against individual citizen homeowners. MERS is the Mortgage Electronic Registration Systems, a private company that registers mortgages electronically and tracks changes in ownership. The significance of the ruling is that if MERS has no standing to foreclose properties, then nobody has standing to foreclose on 60 million defaulted mortgages. This case reinforces with more legal firepower the Cleveland Ohio case two years ago that challenged successfully the banks.

The real parties in interest concealed behind MERS have gone from shadowy to faceless, the clients to the Wall Street bankers who bought mortgage bond trade in high volumes. They are pension funds and big bond houses like PIMCO. The Kansas Supreme Court stated that the MERS relationship is more like a Straw Man (posed front, often a false front) than to a party in possession of rights given a buyer. The court opined in its ruling the following.

"By statute, assignment of the mortgage carries with it the assignment of the debt… Indeed, in the event that a mortgage loan somehow separates interests of the Note and the Deed of Trust, with the Deed of Trust lying with some independent entity, the mortgage may become unenforceable. The practical effect of splitting the Deed of Trust from the promissory note is to make it impossible for the holder of the Note to foreclose, unless the holder of the Deed of Trust is the agent of the holder of the Note. Without the agency relationship, the person holding only the Note lacks the power to foreclose in the event of default. The person holding only the Deed of Trust will never experience default because only the holder of the Note is entitled to payment of the underlying obligation. The mortgage loan becomes ineffectual when the Note holder did not also hold the Deed of Trust." OUCH! The database was separated from the bond holder, losing its power.

Some legal terms, from a non-legal expert, humbly admitted. 'Assignment' means sale of the mortgage loan, either into a security bond or to another party like a service agency. 'Separation' means the losing the title or having the title located in a jumbled mess of spaghetti. The Note holder must also be in possession of the deed, or certificate of property title. The banks lack standing because title had to pass property title to the secured parties for the arrangement to legally qualify as a security, and by being lost, they lost their security. Only the securities holders (bonds) have a stake involved. They have no standing to foreclose, because they were not signatories to the original agreement.

The potential impact falls of 60 million fatally flawed mortgages that relied upon the very imperfect MERS title registry database. The Wall Street fraud kings devised a central database, but it was a mess, not updated properly, and even contains duplicate bonds tied to given individual properties. The banks which packaged these mortgage backed securities typically serve as trustees for the bond investors. In past cases, when the trustees could not present timely written proof of ownership entitling them to foreclose, they would 'Lost Note Affidavits' with the court, which judges usually honored, as the foreclosures proceeded without objection. But all that changed in October 2007, when a brave defiant intrepid federal judge in Cleveland put a halt to the practice. US District Court Judge Christopher Boyko ruled that Deutsche Bank had not filed the proved title in possession, necessary to establish its right to foreclose on 14 homes in a lawsuit to repossess as trustee. Judges in many other states then came out with similar rulings, as legal wildfire spread.

Following the Boyko decision, in December 2007, attorney Sean Olender suggested in an article in the San Francisco Chronicle that the real reason for the top-down bailout schemes proposed by Treasury Secy Henry Paulson was to stave off a string of major lawsuits against the banks. Successful lawsuits would have cost Wall Street firms well over $2 trillion. Paulson had no interest in protecting homeowners, and keeping them in their homes, as he stated and pled publically. He was a liar of high order, a syndicate head, who betrayed the American people. The Hat Trick Letter reported on the Olender hypothesis and accusation at that time. The Wall Street fraud kings have for two years avoided the avalanche of lawsuits. They must contend with a wave of defiant homeowners resisting foreclosure. Instead of bond investor lawsuits, Wall Street and big bond houses might face homeowners who resist foreclosure, even make no loan payments. Wall Street shoved risk at the bond investors, with USGovt complicity. They might witness broad Civil Disobedience with even solvent homeowners not paying on mortgages. Chaos is threatening to grow. Olender wrote the following.

"The sole goal of the [bailout schemes] is to prevent owners of mortgage backed securities, many of them foreigners, from suing US banks and forcing them to buy back worthless mortgage securities at face value, right now almost 10 times their market worth. The ticking time bomb in the US banking system is not resetting subprime mortgage rates. The real problem is the contractual ability of investors in mortgage bonds to require banks to buy back the loans at face value if there was fraud in the origination process… The catastrophic consequences of bond investors forcing originators to buy back loans at face value are beyond the current media discussion. The loans at issue dwarf the capital available at the largest US banks combined, and investor lawsuits would raise stunning liability sufficient to cause even the largest US banks to fail, resulting in massive taxpayer funded bailouts of Fannie and Freddie, and even FDIC." Chaos is my forecast. See the Web of Debt article (CLICK HERE).

◄$$$ SOME DETAILS ON THE M.E.R.S. DATABASE SYSTEM REVEAL THE COMPLEXITY AND CONFUSION. THE DATABASE IS AN OBJECT, NOT A COMPANY OR PERSON WITH ENGRAINED RIGHTS, THUS THE BASIC LEGAL DESIGN FLAW. DEEP FRAUD IS LACED WITHIN IT, BUT HAS NOT YET COME TO THE SURFACE. MY CONJECTURE IS THAT WHEN MULTIPLE BONDS WERE LINKED TO THE INCOME STREAM FROM A SINGLE PROPERTY, THE M.E.R.S. DATABASE DID NOT RECORD SUCH FRAUD OBVIOUSLY. THE SYSTEM HAD FLAWS IN OTHER FUNDAMENTAL RESPECTS. $$$

The ruling by the Kansas Supreme Court issued in September has significant implications for both the mortgage industry and distressed borrowers. The opinion spotlights a privately owned loan tracking service known as the Mortgage Electronic Registration System. This registry, created in 1997 to improve profits and efficiency among lenders, eliminated the need to record changes in property ownership in local land records. It serves as a central database. The finessed need to record mortgage assignments helped to keep the lending machine humming during the boom, in addition to the fraud machine. This clever device has delivered a backfire in the banker faces, or more so in the bond holder faces.

Some background. For centuries, when properties changed hands, the transactions were carefully recorded and filed by county clerks. These records ensured that the history of ownership was complete and that the priority of multiple liens placed on the property was accurate. During the mortgage lending spree, however, home loans changed hands far too rapidly for clerks to keep track. Those packaged loans within mortgage pools were often the object of a mind-numbing series of transactions hell-bent on confusion. So as to avoid the costs, complexity, and nuisance of tracking all security changes, Fannie Mae, Freddie Mac, and the mortgage industry created MERS to record loan assignments electronically. The key point is that it did not own the mortgages it registered. Instead, it was listed in public records as either a Nominee for the actual owner of the Note or as the original mortgage holder.

Cost savings to members were substantial. In 2007, the calculated savings to the industry totaled $1 billion during the previous decade. Some 60 million loans are registered in the name of MERS. With the advent of the current crisis, foreclosures brought against delinquent borrowers began flooding the courts across the nation. MERS filed many of them. Kevin Byers is an expert on mortgage securities. He summarized, "MERS is basically an electronic phone book for mortgages. To call this electronic registry a creditor in foreclosure and bankruptcy actions is legal pretzel logic. [It is] nothing more than an artifice constructed to save time, money, and paperwork." MERS is not a person, not a company, but rather a database. To claim it is a Nominee is a farce and insult to legal justice.

The database registry system led to confusion, naturally. When MERS was involved as title holder, those with home loans who hoped to renegotiate their loans could not identify what party to appeal to. As cases filed by MERS grew, lawyers representing distressed borrowers began to question how an electronic registry with no ownership claim (mortgage bond with Note in possession) had any right to evict people from their homes. Consumer lawyers argued that MERS, which did not own the Note or the mortgage, could not take action against a borrower in home possession. In past cases, judges rejected those arguments and allowed MERS foreclosures to proceed. The bond holders might have been unclear, which might have resulted in bankers divvying up repossessed homes. In recent cases, however, MERS has lost some cases. Perhaps judges are becoming aware of profound bond fraud, and lean in favor of the people. The Kansas ruling is a pivotal loss, experts say. The Kansas Supreme Court ruling was pivotal and critical, since the MERS registry database was declared as having no legal standing. That portion is still central to the ruling.

Lower courts have begun to reject the MERS business model in addition to its legal rights. The Kansas ruling applies only to that state and its mortgages. Legal precedent is a mainstay in the US justice system. Imagine tiny windblown Kansas upturning the Wall Street marble tables!! Legal foreclosure experts anticipate the encouragement of judges elsewhere to question the MERS standing. Christopher Peterson is a law professor at University of Utah. He concluded, "It is as if there is this massive edifice of pretense with respect to how mortgage loans have been recorded all across the country, and that edifice is creaking and groaning. If courts are willing to say MERS does not have any ownership interest in mortgage loans, that may eventually call into question the priority of liens recorded in the MERS name. And there are millions and millions of them."

A spokesperson for MERS contested the Kansas high court reasoning. She wrote, "We believe the Kansas Supreme Court used an erroneous standard of review. This is not the end of the judicial process. The mortgages on which MERS is the mortgagee will remain binding contracts." Right, but mortgage contract legitimacy carries no weight in right to seize property. Then comes a counter argument from Patrick Randolph, a law professor at the University of Missouri. He is unique since he described himself as a friend of MERS. He called the decision unsettling. He said, "This opinion is hostile to the notion of MERS as nominee and could lead to problems for it in foreclosing. The entire structure of MERS as a recorded Nominee could collapse in Kansas. That could lead to a patch-up job where they would have to run around and re-record the mortgages. If so, MERS would be hoisted on its own petard. And would be a rare case of poetic justice in this mortgage mess." By poetic justice he must refer to the widespread bond fraud that to date has not been prosecuted. See the New York Times article (CLICK HERE). By virtue of a New York City newspaper following this important story, one should regard Wall Street as pissing its pants and shitting them perhaps afterwards. Ditto PIMCO. Hoisted on its own petard refers to killing oneself with one's own weapon, originally a cannon on a ship that backfired or recoiled.

Another nail was pounded in the MERS coffin. Likewise, the Arkansas Supreme Court ruled in March 2009 that MERS was not a necessary party to a foreclosure action in

which MERS served as the lender's Nominee on the senior Deed of Trust. Findings were very similar. The case did not receive as much attention as the one in Kansas. See the legal brief on the Solari website (CLICK HERE). The states are lining up against Wall Street, without even yet invoking Tenth Amendment sovereignty rights.

For further MERS analysis, if you wish, follow up by checking another great article. It provides an overview of MERS, the problems with its creation, and legal issues for foreclosure when it is involved. It also contains a discussion of the recent Landmark versus Kesler decision in Kansas. See the article by the contributor to the 'I Am Facing Foreclosure' website (CLICK HERE). The author is loan fraud investigator Patrick Pulatie.