"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
◄$$$ PREFACE REMARKS
ON MY VIEWPOINT OF USGOVT EFFECTIVENESS TO FURTHER A POLICE
STATE. IT IS MY EXPECTATION THAT NO NATIONWIDE INITIATIVES
ATTEMPTED BY THE GATHERING FASCIST & COMMUNIST DIRECTION
WILL SUCCEED. THEY ARE JUST TOO INCOMPETENT, TOO CORRUPTED,
AND TOO DISTRUSTED. THEY HAVE SEVERAL INITIATIVES ON THE PLANNING
BOARD. THEY INCLUDE CONFISCATION OF GUNS, VACCINATION AGAINST
SWINE FLU, CAPITAL CONTROLS FOR FUNDS MOVEMENT, AND POSSIBLY
GOLD CONFISCATION. THE NATION HAS LOST CREDIBILITY IN THE
FEDERAL GOVT, WHILE AT THE SAME TIME THE MAIN AGENCIES IN
DARK ROOMS POSSESS ASTOUNDING INCOMPETENCE. $$$
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
◄$$$ OBAMA IS GIVEN NO
RESPECT IN A PERSONAL APPEAL FOR THE 2016 SUMMER OLYMPICS.
THE I.O.C. MEMBERS MADE CLEAR A BIG REASON, LOUSY TREATMENT
AT AIR AIRPORTS FOR FOREIGNERS (THINK GESTAPO). HIS TRIP COST
A SMALL FORTUNE, MORE WASTE BY ROYALTY WITH AN EYE LOST ON
REALITY. $$$ 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
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
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
◄$$$ NEW YORK STATE HEALTH
WORKERS FACE MANDATORY SWINE FLU VACCINATION, BUT THEY ARE
RESISTING. WHEN THE HEALTH PROFESSIONALS DO NOT COMPLY, AND
ECHO THE DANGEROUS RISKS, THE PUBLIC PAYS CLOSE ATTENTION.
WHO WOULD KNOW BETTER OF LACED VACCINES? $$$
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$$ or USGovt budget.
Former Soviet Union KGB
analyst Professor Igor Panarin has predicted the breakup of
the United States into four main republics. Panarin correctly
forecasted the breakup of the Soviet Union years before it
occurred. He has analyzed and detailed
the US breakup for ten years running. The Wall
Street Journal ran his analytic
forecast months ago. Panarin provided details, with a California
Republic under control by China, with a Central North American
Republic under control by Canada, with a Texas Republic under
control by Mexico, with a Atlantic Republic under control
by Europe. Alaska would move to control by Russia, and Hawaii
would move to control by Japan. See the YouTube video clip
If states exert their sovereignty strongly enough, a breakup
could actually be the climax in a movement to disconnect ties
to the syndicates in WashingtonDC and New York. Many states
are pressing their Tenth Amendment rights. Already, the state
of Texas is pushing for secession, which must be watched.
It is reasonably self-sufficient for crude oil & natural
gas energy supply, but not for food supply.
Reporting on the same story,
The Wall Street Journal
wrote, "Professor Panarin, 50 years
old, is not a fringe figure. A former KGB analyst, he is dean
of the Russian Foreign Ministry Academy for future diplomats.
He is invited to Kremlin receptions, lectures students, publishes
books, and appears in the media as an expert on US-Russian
relations. [Panarin believes] mass immigration, economic decline,
and moral degradation will trigger a civil war next fall and
the collapse of the dollar." See
the Wall Street Journal article (CLICK HERE).
◄$$$ 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
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. $$$
Peter Dale Scott provides a
diverse background of the sordid USGovt involvement with the
narcotics industry on a global scale. He is a former Canadian
diplomat and professor at the University of California (Berkeley).
He is the author of "The War Conspiracy:
JFK, 9/11, and the Deep Politics of War"
published in August 2008. It is chock-filled with juicy details
that will confirm to the enlightened and shock the novices
about agency syndicate activity.
Beware that to follow the details with actual bank accounts
and flow charts and deposit mules and banker intermediate
names and order routes and delivery methods and customer lists
and payment schedules and more is highly dangerous. People
are routinely killed for their pursuits and efforts. My objective
is to keep track from an aerial view, not to bother with any
details whatsoever, only to see the big picture that is visible
in the public domain, confirmed by personal contacts with
a military background in special outfits. See his article
from Canada on Global Research entitled "Deep
Events & the CIA's Global Drug Connection"
Opium Economics, or Narcotics
Economics, are highly lucrative. Since the Vietnam War, the
USMilitary has been involved with narcotics. Its income source
has enabled the agencies a great degree of independence, especially
freeing them from justifying actions to the prying eyes and
principled objections of the USCongress. A gigantic syndicate
was spawned. They captured the Cambodian Triangle in the 1970
war in SouthEast Asia. The war in Yugoslavia attracted the
US attention when a stronghold was made clear in that region
to prevent Chechnya from gaining a dominant narcotics role.
The USMilitary maintains key control of certain areas, and
has created an Eastern Europe zone of US control. Liberation
of Bosnia or any neighboring small nation had a secondary
motive, probably primary motive.
◄$$$ 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. $$$
An Afghan War defeat looms
large. Let the Washington Times tell the story (CLICK HERE).
The USMilitary Generals want more troops, more boots on the
ground as they say. The US President and his politcal party
do not wish to become embroiled in a war that gradually escalates,
step by step, but that is precisely what is happening. Obama
ran a campaign on reducing Iraq commitments but increasing
Afghan commitments. The expansion of the war into Pakistan
is fraught with much greater risk. Obama
is told by General McChrystal that he does not have the right
attitude toward the War on Terrorism, which is codeword for
disrespect for the Narcotics Syndicate business in my view.
National television promotes the former description, not the
latter one. If Obama crosses the syndicate, he might not be
in power for much longer. The insider research communications
discuss 'The Obama Problem' openly. The solution might be
seen as President Biden. People should be mentally and emotionally
prepared for either a military coup or worse. Declaration
of martial law could also occur, if riots break out across
the nation. A US$ collapse would set off extreme disruptions
to banks, supply chains, and commerce generally. The jobless
would take to the streets in violence and outrage. Enough,
since dangerous stuff.
Obama is repotedly furious
over open criticism lodged by the top General at the president.
Their working relationship is highly strained. The syndicate
wants more troops, but the people do not. The USMilitary (as
well as Wall Street, the USDept Treasury, and Defense Contractors
for that matter) have not represented the interests of the
people since the Vietnam War. See the Anti-War News article
The NATO top General echoes how the Afghan War is not going
well. See the Sympatico News article (CLICK HERE).
◄$$$ 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. $$$
Turkey was continually mentioned
in the tensions involving the attempted invasion by Georgia
of its neighbor South Ossetia inside Russia one year ago.
Oil and control of oil pipelines was a key. Russia has long
coveted control over the oil & natural gas pipelines that
run through Georgia, in particular those sending new Caspian
output from Azerbaijan through Georgia and into Turkey. Russia
wants regional energy distribution monopoly. Russia wants
control over the pipelines running through Ukraine for the
same reason, which would broaden Russian control over the
flow of oil & gas into Europe from Eastern production.
Russia has been working cooperatively with Turkey to extend
pipelines for delivery of Black Sea oil for delivery through
the BTC Pipeline at the Turkish port in the Mediterranean
Sea. Even more complexity is evident when stories emerge like
in January 2007 for plans to extend Turkish pipelines to Israel
for delivery of oil, gas, and even water. See the Haaretz
story (CLICK HERE).
A November 2007 story described
a preliminary study by Italian energy conglomerate ENI SpA
and Turkey's Çalık Holding, which deemed the project
as economically feasible. The proposal calls for the construction
of a network of 460 kilometers in pipelines at an estimated
cost of $2.5 to $4.0 billion. At issue is the cost of this
project versus costs of desalinization plants. See the Global
Water Intelligence article (CLICK HERE).
The complexity of the geopolitics becomes clear when considering
the involvement between Russia and Turkey in enery policies.
Fast forward to recent months of 2009. Turkey and Russia concluded
a comprehensive energy deal reported by the New York Times
Also, Russia and Turkey forged a natural gas pipeline deal
that would establish the South Stream network. It would eventually
run from Russia to Bulgaria before delivering gas to consumers
in the European Union. See the Sify News article (CLICK HERE).
◄$$$ 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 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
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
◄$$$ 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
transactions with foreign
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
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
◄$$$ 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
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.
& 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. $$$
Home mortgage owners are walking
away from mortgages, taking the upper hand. Homeowners who
do make their monthly payments are weighing whether to sell
and pay the difference in short sales, or to remain in the
game out until housing prices recover, or to demand a meaningful
remedy beyond the flimsy USGovt programs, or just to walk
away. In the United States, a staggering 26% of borrowers
owe more than their homes are worth, according to a Deutsche
Bank Securities research group. In parts of California, Florida,
and Nevada, the proportion is as high as 75% tragically. So-called
'Strategic Defaults' rose 128% to 588 thousand last year,
in which homeowners stop paying their mortgages while remaining
current on other debts. They are
under-water on their loans and want out. In two-thirds of
those voluntary default cases, they walked away on their primary
residence. Strategic defaulters represent about 4% of all
homeowners underwater (loan balance exceeds home value). If
the public turns, and believes that home prices will not return
to their peak values, the Strategic Defaults might escalate.
Legal repercussions of foreclosures are much less painful
in California and nine other states than other parts of the
country. Banks might before long be more willing to accept
foreclosure alternatives, such as a short sale or deed-in-lieu
of foreclosure, with forgiveness of the difference in those
states, according to experts. See the Bloomberg article (CLICK
One should expect a gradual
tidal wave of civil disobedience and guys selling Thoreau's
essay on street corners. The news of court cases where bankers
cannot produce legitimate property titles is making it to
the newspapers and internet journals, but not yet to the news
networks under tight control. 'Civil Disobedience' could send
the nation into chaos and actually produce martial law, in
◄$$$ 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
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
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
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
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.