Friday, 21 November 2014

It's official: US stole Ukraine's gold

Dmitry Orlov
Club Orlov

This just in: it turns out that the rumors were right after all. At least part of the reason the US State Dept./CIA staged a coup in Ukraine that overthrew its democratically elected government and installed a neo-Nazi puppet regime was to steal Ukraine's gold. Rumor had it that shortly after the coup the gold was quietly loaded onto a plane that took it to the US. And now comes the official revelation: Ukraine has no gold reserves left. The gold was sold to pay for a failed military campaign in Eastern Ukraine, and to prop up the fake paper gold market for a little bit longer. One would expect that once the fix is off, the price of gold will skyrocket, the US dollar will drop like a rock, and Americans will need to add the word “hyperinflation” to their list of national woes.
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Wall Street Stunned As Iceland Dares To Jail Banker Involved In 2008 Crash

Zero Hedge 

The impossible is possible. Never say never. Wall Street bankers are staring agog at headlines coming from Europe where, in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time. As Valuewalk reports, in receiving a one year prison sentence, Sigurjon Arnason officially became the first bank executive to be convicted of manipulating the bank’s stock price and deceiving investors, creditors and the authorities between Sept. 29 and Oct. 3, 2008, as the bank’s fortunes unwound, crashing the economy with it. It appears he was as shocked by the verdict as Wall Street-ers are, "this sentence is a big surprise to me as I did nothing wrong." It was likely all for the people's own good...


 
 
Via ValueWalk,

Some thought it would never happen. But in Iceland, the former chief executive of one of the largest banks in the country which was involved in crashing the economy in 2008 has been sentenced to jail time.

Iceland banker the first to manipulate bank’s stock price

In receiving a one year prison sentence, Sigurjon Arnason officially became the first bank executive to be convicted of manipulating the bank’s stock price and deceiving investors, creditors and the authorities between Sept. 29 and Oct. 3, 2008, as the bank’s fortunes unwound, crashing the economy with it.  Landsbanki was one of three banks that had tallied nearly $75 billion in debt before the final curtain was drawn.

What, me guilty? was the bank executive’s response upon learning of his fate. “This sentence is a big surprise to me as I did not nothing wrong,” Arnason was quoted as saying in a Reuters article after he learned of his punishment.  Amason had not decided if he was going to appeal the decision to the supreme court, as the appeal process might take longer than his sentence.

Other Iceland bank executives also convicted

The Reykjavik District Court had lopped off nine months of Arnason’s sentence, saying they were suspended.  Other bank executives involved in the situation were convicted: Ivar Gudjonsson, the former director of proprietary trading at the bank, along with Julius Heidarsson, a former broker at the bank. They each received nine-month sentences and six of those nine months were immediately suspended by the court.

All pleaded innocent to the charges, as the the fallout from the 2008 crisis continues to this day in the north Atlantic island and around the world.  As a sign of thawing in the crisis, Reuters reported that earlier in the week Landsbanki, the successor to the failed Landsbankinn, agreed to extend a deadline to restructure bonds to the end of the year. If a bond restructuring agreement is reached, it could help the government lift capital controls which were imposed due to the crisis.

NIST Coverup: 9/11 Commission Report Exposed As Government Conspiracy To Hide USA Involvement

‘Official’ NIST Report Shattered by Architects & Engineers for 9/11 Truth White Paper

 
Michael Thomas
State of the Nation


Once again the Architects & Engineers for 9/11 Truth (A&E) have produced an indisputable white paper which exposes the official NIST Report as a deliberate coverup.

This authoritative document reveals so much fraudulent data and fake science, so many fabricated theories and false conclusions, that NIST will never be taken seriously again.

When over two thousand architects and engineers coalesce around the notion that the US Federal Government has perpetrated such a fraud on the American people, there exists an immediate mandate to fully investigate the 9/11 terrorists attacks.  Numerous high integrity investigations have now shown that the government used taxpayer money to purposefully fabricate the 9/11 Commission Report[1].  The bogus NIST Report is just one of several which was concocted to deceive the American people regarding the most destructive and murderous terrorist attacks ever committed on US soil.

september-9-11-attacks-anniversary-ground-zero-world-trade-center-pentagon-flight-93-collapsing-tower_40003_600x450
The following table of contents from the recently released A&E white paper offers a quick glance at some of the most serious factual errors and omissions contained in the NIST Report.  Detailed explanations of each bullet point delineated below can be found at the following link: ‘Official’ NIST Report Shattered by Architects & Engineers for 9/11 Truth White Paper
WTC 7 – THE THIRD SKYSCRAPER 
  1. OMISSION OF GIRDER STIFFENERS SHOWN ON FRANKEL DRAWING #9114
  2. OMISSION OF THREE LATERAL SUPPORT BEAMS ON THE 13TH FLOOR G3005 BEAM
  3. WTC 7 COLLAPSE AT FREE-FALL ACCELERATION IS NOT EXPLAINED
  4. VIDEOS OF THE COLLAPSE OF WTC 7 BETRAY NIST’S COMPUTER MODEL
  5. CLAIMS OF INVESTIGATING CONTROLLED DEMOLITION WITHOUT TESTING FOR EXPLOSIVE RESIDUES
  6. CHANGES OF STATEMENTS ON COMPOSITE BEAMS AND SHEAR STUD USE BETWEEN DRAFTS
  7. REFUSING OF FOIA REQUESTS 
ALL THREE BUILDINGS 
  1. NEGLIGENCE IN SALVAGING STEEL 
  2. IGNORING THE RESULTS OF FEMA 403, APPENDIX C 
  3. INVOLVEMENT IN NOT SAVING STEEL FOR INVESTIGATION 
  4. FIRE SIMULATIONS AND DURATIONS ARE EXAGGERATED
  5. NO DISCUSSION OF THE MOLTEN METAL FOUND IN THE RUBBLE OF THE THREE COLLAPSED BUILDINGS. 8
  6. REFUSAL TO TEST FOR EXPLOSIVE RESIDUE 
  7. FAILURE TO FOLLOW STANDARD FIRE INVESTIGATION PROTOCOL 
THE TWIN TOWERS
  1. STRIPPING OF THE FIRE PROOFING IS EXAGGERATED
  2. PRE-COLLAPSE STEEL TEMPERATURES ARE EXAGGERATED 
  3. TESTED FLOOR ASSEMBLIES DID NOT FAIL 
  4. INITIATION OF COLLAPSE – “INWARD BOWING” WAS INDUCED ARTIFICIALLY
  5. COLUMN STRESS DUE TO LOAD REDISTRIBUTION IS NOT SUFFICIENT TO CAUSE FAILURE
  6. NO EXPLANATION GIVEN FOR HORIZONTAL PROPAGATION OF COLLAPSE 
  7. WTC 1 TILT OCCURRED AFTER SYMMETRICAL COLLAPSE FOR AT LEAST TWO STORIES
  8. NO JOLT – CONTINUOUS ACCELERATION OF COLLAPSE WAS IGNORED
  9. NO PILE DRIVER IS OBSERVED IN VIDEOS 
  10. COLUMN LOADS WERE CALCULATED FOR WORST CASE, NOT ACTUAL IN-SERVICE LOADS
  11. MOLTEN METAL OBSERVED POURING OUT OF THE CORNER OF WTC 2 REMAINS UNRESOLVED[2]
Each one of the 25 problem areas listed above stands as a serious assault on the government’s official narrative.  Many of them serve to outright disprove some of the most critical of the NIST Report claims.  All taken together it can now be stated categorically that the causes of the World Trade Center building collapses are not what the 9/11 Commission Report delineated.  Therefore, the only irrefutable conclusion is that the Bush Administration coordinated a premeditated coverup, after executing what amounts to a classic “inside job”.

Evidence And Testimony Points To A US Federal Government Conceived, Coordinated And Covered Up 9/11 False Flag Operation

Because of the number and profundity of the falsified claims and fictitious findings contained in the NIST Report, there can only be one conclusion: That the US Federal Government coordinated and participated directly in the 9/11 terrorist attacks.  This only remaining and most reasonable deduction has been since corroborated by many credible witnesses.  Experts and authorities inside and outside government have presented their evidence and offered their testimony clearly demonstrating US Government involvement.

In light of these revelations, perhaps it is time to heed the recommendations of the editor of this extremely consequential white paper.  As follows:
“In recent years, various members of the AE911Truth team have been working on a white paper titled “Areas of Specific Concern in the NIST WTC Reports.” Last month they finally completed the document. Its 25 concise points offer the most convincing proof that the reports produced by the National Institute of Standards and Technology (NIST) on the September 11, 2001, destruction of the three World Trade Center buildings were unscientific and fraudulent. The authors of “The 25 Points” designed the document to provide material that would compel the convening of a grand jury. Whether or not a grand jury is ever impaneled in any jurisdiction, though, readers of this white paper have the duty and privilege of acting as a virtual grand jury in all jurisdictions. After weighing the evidence meticulously laid out in “The 25 Points,” readers can, by their resulting actions, help determine whether there will one day be a new, fully funded, truly independent, wholly transparent, and unimpeachably honest investigation of 9/11.”[2]
There are many who have gone much further than this suggestion. In light of the overwhelming amount of evidence that proves — scientifically, anecdotally and circumstantially — that the US Federal Government perpetrated the 9/11 attacks as a calculated false flag operation, a new investigation must be commenced. In addition to a new 9/11 Presidential Commission being established, Congressional hearings must be initiated post haste. Likewise, a special prosecutor must be appointed by the Obama Administration if the current government is to retain even a modicum of credibility.

01-911
Crime of the Millennium = Historic Failure of Government

The US Government-sponsored 9/11 attacks on its own citizenry represent not only unrivaled crimes against America, they also represent crimes against humanity. Particularly because of the number of wars[3], which have been predicated on this false flag operation, must these crimes against the people of the world be prosecuted within the International Court of Justice at the Hague.  The government crimes of 9/11 ought to be further prosecuted within the realm US Common Law, since the current US Criminal Justice System appears to be unable to faithfully carry out its statutory duties on behalf of the American people.

In the end, 9/11 will go down in world history as perhaps the greatest deception by a government ever committed against a nation.  Not only was it a gross violation of the public trust and profound breach of the social contract, it represents an unparalleled and unprecedented failure of government on every level.  A careful analysis of the public record clearly indicates that government officials at the federal, state, county and municipal levels were complicit by their actions and inactions on 9/11/01.

Because the 9/11 coverup continues to this very day, the Mainstream Media has also indicted itself.  The New York Times, The Washington Post, USA Today, and The Wall Street Journal are just a few of the dominant print news outlets that have betrayed the American people by maintaining this biggest coverup in USA history.  Likewise, all the major networks, such as CNN, MSNBC, CBS, ABC and FOX, have actively participated in covering up this crime of the millennium.

Conclusion

The US Federal Government has broken the covenant that exists between the citizenry and its governing bodies and institutions.  Because of the shocking manner in which human life was taken on September 11, 2001, those responsible must be identified and prosecuted to the fullest extent of the law.  Likewise, in view of the stunning controlled demolition of the World Trade Center Complex and destruction at the Pentagon, those organs of government which participated in any way must be held held accountable and brought to justice.

Not to act on the undeniable information[4] disseminated by the Architects and Engineers for 9/11 Truth will only embolden the actual 9/11 perps.  They have already shown the world how much death and destruction they are willing to inflict throughout the world by way of unprovoked wars based on the 9/11 false flag attacks.  Therefore, why would they hesitate to carry out more false flag operations, just as they have every year since that fateful September day in 2001.

There is a moral imperative which accompanies the A&E white paper.  Once the American people become aware of the truth surrounding 9/11[5], there comes a solemn responsibility to act on it.  Because many of the same co-conspirators are still in positions of authority throughout government, it is incumbent upon law enforcement to detain them until the wheels of justice can turn.

Nothing less than a safe and secure future of the United States of America depends upon taking the necessary action in response to 9/11 truth. An unwillingness and/or reluctance to face these grim realities do not constitute a sufficient excuse for inaction.  Only by being proactive in systematically addressing the 9/11 truths stated by the A&E will the nation reclaim its soul.  Until then, We the People remain hostage to a secret cabal that continues to wage illegal wars in our name with our hard-earned tax dollars.

More importantly, the failure to respond appropriately will expose future generations to all sorts of schemes which will further deprive them of their rights … their freedoms … and their dignity.

Michael Thomas
November 19, 2014


State of the Nation

-----------------------

Author’s Note

The author is not unaware of the many other international and supranational co-conspirators who were also deeply involved in the implementation and coverup of the 9/11 attacks. The supporting links below provide many of the details regarding the various foreign state actors and secret organizations which were complicit. Hence, the neglect to mention the transnational scope of these crimes should not be construed as a free pass in this essentially global call for prosecution.

However, at the end of the day — every day — it is the US Federal Government that is ultimately responsible for national security. Protecting the citizens of this nation, preventing the destruction of major office buildings and safeguarding the Pentagon all fall within the jurisdiction of the Executive Branch. These same duties also fall within the purview of various other government entities. 

Therefore, they are all immediately responsible for what they did and/or what they did not do toward the prevention of, as well as in the investigation and prosecution of, these heinous crimes.

Endnotes:

[1] 9/11 Commission Report: The Most Ridiculous Conspiracy Theory Of All Time
[2] ‘Official’ NIST Report Shattered by Architects & Engineers for 9/11 Truth White Paper
[3] September 11, 2001: The Crimes of War Committed “In the Name of 9/11″
[4] Over 2200 Architects And Engineers Demolish The ‘Official’ 9/11 Commission Report
[5] 9/11: The Ultimate Inside Job And False Flag Operation
Recommended Reading
9/11 TRUTH GOES NUCLEAR: Massive Download In Progress
9/11: Russia Presents Evidence Against US, UK And Israel Co-Conspirators
9/11 False Flag Operation: HUGE Tipping Point As State-Sponsored Terrorism Is Exposed
References
9/11 US Government Criminal Conspiracy: THERE IS NO DEBATE
9/11 Commission Report: Fraudulent Investigation And Intentional Coverup
9/11 Firefighter Blows WTC Building #7 Cover-Up Wide Open
9/11 VERDICT: Mainstream Media Guilty Of The Biggest Coverup In US History

Revealed: How the world gets rich – from privatising British public services

The Independent

Foreign governments are making hundreds of millions of pounds a year running British public services, according to an Independent investigation highlighting how privatisation is benefiting overseas – rather than UK – taxpayers.
 

Swathes of Britain’s energy, transport and utility networks are run by companies owned by other European governments – meaning foreign exchequers reap the dividends while UK customers struggle with increasing fares and bills. 

In the past two years alone, overseas taxpayers have taken dividends totalling nearly £1bn from companies which make their profits from UK households and passengers.

Read more

Thursday, 20 November 2014

Historical Cycles: Are we doomed to repeat the past?

Scientific basis for GMO crops is false

Jon Rappoport 
Activist Post

Unpredictable effects. Unknown outcomes. Potential health consequences. Uncertain gene technology.


These aren’t phrases biotech giants like to hear.


They prefer:


“One gene produces one protein.”


“Each gene has a specific function.”


This is the basis for the modern biotech industry, and it applies most definitely to GMO crops.


And it is false.


So for example, when Monsanto says the genes they insert in plants only serve to protect the plants from the herbicide Roundup and have no other function, they’re making it up.
 
For a brief summary of the situation, see Denise Caruso’s NY Times piece, “A Challenge to Gene Theory, a Tougher Look at Biotech,” July 1, 2007.


Caruso reports on the findings of an “exhaustive four-year effort…organized by the United States National Human Genome Research Institute and carried out by 35 groups from 80 organizations around the world.”


“…genes appear to operate in a complex network, and interact and overlap with one another and with other components in ways not yet fully understood.” 



Read more

Brain decoder can eavesdrop on your inner voice

New Scientist 

TALKING to yourself used to be a strictly private pastime. That’s no longer the case – researchers have eavesdropped on our internal monologue for the first time. The achievement is a step towards helping people who cannot physically speak communicate with the outside world.

“If you’re reading text in a newspaper or a book, you hear a voice in your own head,” says Brian Pasley at the University of California, Berkeley. “We’re trying to decode the brain activity related to that voice to create a medical prosthesis that can allow someone who is paralysed or locked in to speak.”

When you hear someone speak, sound waves activate sensory neurons in your inner ear. These neurons pass information to areas of the brain where different aspects of the sound are extracted and interpreted as words.

In a previous study, Pasley and his colleagues recorded brain activity in people who already had electrodes implanted in their brain to treat epilepsy, while they listened to speech. The team found that certain neurons in the brain’s temporal lobe were only active in response to certain aspects of sound, such as a specific frequency. One set of neurons might only react to sound waves that had a frequency of 1000 hertz, for example, while another set only cares about those at 2000 hertz. Armed with this knowledge, the team built an algorithm that could decode the words heard based on neural activity alone.

Read more

 

Monday, 17 November 2014

Canada’s false flag terror: fingerprints of U.S. involvement

Truth and Shadows
Guest article: Barrie Zwicker

THE “TERRORIST” EVENTS of Wednesday October 22nd in Ottawa and two days earlier in St-Jean-sur-Richelieu bear all the hallmarks of a coordinated cross-border one-two punch false flag operation.

The first, the left jab hit-and-run killing of a Canadian soldier, would be the psychological softening up for the follow-up right cross, the killing of another Canadian soldier in Ottawa. Together they dazed the public to an extent that even the ostentatiously-iconic murder at the National War Memorial alone might not have achieved.

The context was within the intensification of the so-called “global war on terror” and in concert with the pro-military Stephen Harper government’s deployment of warplanes supposedly fighting “the terrorists” of the suddenly-emerging “Islamic State.” The first bombing sorties of Canadian F-18s took place hours after the violent acts of supposed “homegrown” and “self-radicalized” supporters of “Islamic jihad.”

Domestically the second outrage occurred on the very day the government was to introduce legislation giving the RCMP, CSIS and CSEC [CSEC is changing its name (to CSE) so that it can continue to spy – and indeed do more spying abroad – but not have the word “Canada” associated with this spying. “Spy agency CSEC says goodbye to Canada” is the headline over an October 31st  Toronto Star story by Tonda MacCharles. (http://www.thestar.com/news/canada/2014/10/31/spy_agency_csec_says_goodbye_to_canada.html) expanded powers under decreased transparency.]

These coincidences of timing, I submit, are not coincidences at all but quite deliberately planned to maximize the intended impacts: greater public support for a new war in the Middle East, better chances for faster and less-questioned support in Parliament for the increased police and spy powers, and enhanced public approval ratings for the Harper government in the run-up to next year’s general election.

This article delves deeper into the timing including that the events happened, to the day, as military-intelligence “exercises” were taking place that precisely mirrored the “surprise” events. Other hallmarks include the prior involvement of government agents with both of the supposed jihadists, the fact that both were easy-to-manipulate “human wreckage” and the early “terrorism” branding led by the Prime Minister. Other hallmarks include the unfolding parade of memorable iconic elements and images, the “lone wolf” narratives, the dual role of the media in general to both to reinforce the official narrative and to fail to ask fundamental questions about it.

Ottawa shooter Michael Zehaf-Bibeau, especially, is tied to the “war on terror.” At the highest level of visibility, he’s a pawn marketed for public consumption to reinforce “global jihad” rhetoric.

On a subterranean level are two sets of fingerprints. One set shows the involvement of both Canadian and U.S. spy agencies and possibly other of the so-called “Five Eyes” (the others being the UK, Australia and New Zealand), not to mention the grotesquely corrupt FBI, with its record of mounting scores of false flag ops, that will be referred to later.

The second set of prints shows the work of the agencies’ gatekeeper “assets” in the media, in this instance in the USA as well as in Canada. They manipulate “the news.”

Read more

Sunday, 16 November 2014

The full letter written by the FBI to Martin Luther King has been revealed


Michael Krieger
Liberty Blitzkrieg


Martin Luther King, Jr. is one of my personal heroes. Not just because of his outsized contribution to the civil rights movement, but because of his leadership capabilities and emphasis on non-violent civil disobedience.

It also goes without saying, that this wasn't just a great orator with enlightened tactics, he was also a highly intelligent man with a strong sense of history.

This is on full display in his "Letter from Birmingham Jail," which I highlighted in the piece: Martin Luther King: "Everything Adolf Hitler did in Germany was Legal."

Here are some of his timeless words.

One who breaks an unjust law must do so openly, lovingly, and with a willingness to accept the penalty. I submit that an individual who breaks a law that conscience tells him is unjust, and who willingly accepts the penalty of imprisonment in order to arouse the conscience of the community over its injustice, is in reality expressing the highest respect for law.
I must make two honest confessions to you, my Christian and Jewish brothers. First, I must confess that over the past few years I have been gravely disappointed with the white moderate. I have almost reached the regrettable conclusion that the Negro's great stumbling block in his stride toward freedom is not the White Citizen's Counciler or the Ku Klux Klanner, but the white moderate, who is more devoted to "order" than to justice.
Actually, we who engage in nonviolent direct action are not the creators of tension. We merely bring to the surface the hidden tension that is already alive. We bring it out in the open, where it can be seen and dealt with. Like a boil that can never be cured so long as it is covered up but must be opened with all its ugliness to the natural medicines of air and light, injustice must be exposed, with all the tension its exposure creates, to the light of human conscience and the air of national opinion before it can be cured.
So the question is not whether we will be extremists, but what kind of extremists we will be. Will we be extremists for hate or for love? Will we be extremists for the preservation of injustice or for the extension of justice?
Naturally, a man that utters such words and who also has a considerable following would not appeal to the thug in charge of the FBI at the time, J. Edgar Hoover. So what did Mr. Hoover do? He sent a letter to Dr. King, pretending to be a black person and implied that he should kill himself. None of this is news, but until the New York Times released it yesterday, copies of this letter had always been partly redacted. We now have the uncensored version. Here it is: 

© National Archives, College Park, Maryland

You Are Done’: The letter sent to King by the F.B.I. (One person’s name has been obscured because The Times could not verify or disprove the claims about her.) 
Now ask yourself a question. Is the FBI any more ethical today than it was back then? I would argue certainly not. After all, it had a file on on tech prodigy Aaron Swartz, who was driven to suicide by the feds. Now imagine what the FBI could do to political dissidents in a world in which they have a backdoor into all your electronic devices, which is precisely what it wants.

So the next time you think to yourself "so what, I have nothing to hide," think again. You don't know what the future holds, do you really want the status quo to have everything you've ever done or said accessible in an electronic file on you? What about the threat this poses to other people who put themselves in the arena of fighting for social change? Do you want the FBI to be able to do to them what they did to MLK but 10x worse? Think deeply about that.

In Liberty,
Michael Krieger 


Thursday, 13 November 2014

Big Banks Busted Massively Manipulating Foreign Exchange, Precious Metals … And Every Other Market

Washington's Blog

Currency Markets Are RiggedCurrency markets are massively rigged. And see this and this.

Reuters notes today:
Regulators fined six major banks including Citigroup (C.N) and UBS (UBSN.VX) a total of $4.3 billion for failing to stop traders from trying to manipulate the foreign exchange market, following a year-long global investigation.
HSBC (HSBA.L), Royal Bank of Scotland (RBS.L), JP Morgan (JPM.N) and Bank of America (BAC.N) also face penalties resulting from the inquiry that has put the largely unregulated $5 trillion-a-day market on a tighter leash, accelerated the push to automate trading and ensnared the Bank of England.
In the latest scandal to hit the financial services industry, dealers shared confidential information about client orders and coordinated trades to make money from a foreign exchange benchmark used by asset managers and corporate treasurers to value their holdings. Dozens of traders have been fired or suspended.
***
Britain’s Financial Conduct Authority (FCA) fined five lenders $1.77 billion, the biggest penalty in the history of the City of London, and the U.S. Commodity Futures Trading Commission (CFTC) ordered them to pay a further $1.48 billion.
***
The U.S. Office of the Comptroller of the Currency, which regulates banks, also fined the U.S. lenders $950 million and was the only authority to penalise Bank of America.

 

Gold and Silver Are Manipulated

Today, Switzerland’s financial regulator (FINMA) found “serious misconduct” and a “clear attempt to manipulate precious metals benchmarks” by UBS employees in precious metals trading, particularly with silver.
Reuters reports:
Swiss regulator FINMA said on Wednesday that it found a “clear attempt” to manipulate precious metals benchmarks during its investigation into precious metals and foreign exchange trading at UBS …
Gold and silver prices have been “fixed” in daily conference calls by the powers-that-be.
Bloomberg reported last December:
It is the participating banks themselves that administer the gold and silver benchmarks.
So are prices being manipulated? Let’s take a look at the evidence. In his book “The Gold Cartel,” commodity analyst Dimitri Speck combines minute-by-minute data from most of 1993 through 2012 to show how gold prices move on an average day (see attached charts). He finds that the spot price of gold tends to drop sharply around the Londonevening fixing (10 a.m. New York time). A similar, if less pronounced, drop in price occurs around the London morning fixing. The same daily declines can be seen in silver prices from 1998 through 2012.
For both commodities there were, on average, no comparable price changes at any other time of the day. These patterns are consistent with manipulation in both markets.

 

Derivatives Are Manipulated

Runaway derivatives – especially credit default swaps (CDS) – were one of the main causes of the 2008 financial crisis. Congress never fixed the problem, and actually made it worse.

The big banks have long manipulated derivatives … a $1,200 Trillion Dollar market.
Indeed, many trillions of dollars of derivatives are being manipulated in the exact same same way that interest rates are fixed (see below) … through gamed self-reporting.
Reuters noted in September:
A Manhattan federal judge said on Thursday that investors may pursue a lawsuit accusing 12 major banks of violating antitrust law by fixing prices and restraining competition in the roughly $21 trillion market for credit default swaps.
***
“The complaint provides a chronology of behavior that would probably not result from chance, coincidence, independent responses to common stimuli, or mere interdependence,” [Judge] Cote said.
The defendants include Bank of America Corp, Barclays Plc, BNP Paribas SA, Citigroup Inc , Credit Suisse Group AG, Deutsche Bank AG , Goldman Sachs Group Inc, HSBC Holdings Plc , JPMorgan Chase & Co, Morgan Stanley, Royal Bank of Scotland Group Plc and UBS AG.
Other defendants are the International Swaps and Derivatives Association and Markit Ltd, which provides credit derivative pricing services.
***
U.S. and European regulators have probed potential anticompetitive activity in CDS. In July 2013, the European Commission accused many of the defendants of colluding to block new CDS exchanges from entering the market.
***
“The financial crisis hardly explains the alleged secret meetings and coordinated actions,” the judge wrote. “Nor does it explain why ISDA and Markit simultaneously reversed course.”
In other words, the big banks are continuing to fix prices for CDS in secret meetings … and have torpedoed the more open and transparent CDS exchanges that Congress mandated.

 

Interest Rates Are Manipulated

Bloomberg reported in January:
Royal Bank of Scotland Group Plc was ordered to pay $50 million by a federal judge in Connecticut over claims that it rigged the London interbank offered rate.
RBS Securities Japan Ltd. in April pleaded guilty to wire frauda s part of a settlement of more than $600 million with U.S and U.K. regulators over Libor manipulation, according to court filings. U.S. District Judge Michael P. Shea in New Haventoday sentenced the Tokyo-based unit of RBS, Britain’s biggest publicly owned lender, to pay the agreed-upon fine, according to a Justice Department Justice Department.
Global investigations into banks’ attempts to manipulate the benchmarks for profit have led to fines and settlements for lenders including RBS, Barclays Plc, UBS AG and Rabobank Groep.
RBS was among six companies fined a record 1.7 billion euros ($2.3 billion) by the European Union last month for rigging interest rates linked to Libor. The combined fines for manipulating yen Libor and Euribor, the benchmark money-market rate for the euro, are the largest-ever EU cartel penalties.
Global fines for rate-rigging have reached $6 billion since June 2012 as authorities around the world probe whether traders worked together to fix Libor, meant to reflect the interest rate at which banks lend to each other, to benefit their own trading positions.
To put the Libor interest rate scandal in perspective:
  • Even though RBS and a handful of other banks have been fined for interest rate manipulation, Libor is still being manipulated. No wonder … the fines are pocket change – the cost of doing business – for the big banks

 

Energy Prices Manipulated

The U.S. Federal Energy Regulatory Commission says that JP Morgan has massively manipulated energy markets in California and the Midwest, obtaining tens of millions of dollars in overpayments from grid operators between September 2010 and June 2011.

Pulitzer prize-winning reporter David Cay Johnston noted in May that Wall Street is trying to launch Enron 2.0.

 

Oil Prices Are Manipulated

Oil prices are manipulated as well.

 

Commodities Are Manipulated

The big banks and government agencies have been conspiring to manipulate commodities prices for decades.
The big banks are taking over important aspects of the physical economy, including uranium mining, petroleum products, aluminum, ownership and operation of airports, toll roads, ports, and electricity.
And they are using these physical assets to massively manipulate commodities prices … scalping consumers of many billions of dollars each year. More from Matt TaibbiFDL and Elizabeth Warren.

 

Everything Can Be Manipulated through High-Frequency Trading

Traders with high-tech computers can manipulate stocksbonds, options, currencies and commodities. And see this.

 

Manipulating Numerous Markets In Myriad Ways

The big banks and other giants manipulate numerous markets in myriad ways, for example:
  • Engaging in mafia-style big-rigging fraud against local governments. See thisthis and this
  • Shaving money off of virtually every pension transaction they handled over the course of decades, stealing collectively billions of dollars from pensions worldwide. Details hereherehereherehere,herehereherehereherehere and here
  • Pledging the same mortgage multiple times to different buyers. See thisthisthisthis and this. This would be like selling your car, and collecting money from 10 different buyers for the same car
  • Pushing investments which they knew were terrible, and then betting against the same investments to make money for themselves. See thisthisthisthis and this
  • Engaging in unlawful “Wash Trades” to manipulate asset prices. See thisthis and this
  • Bribing and bullying ratings agencies to inflate ratings on their risky investments

 

The Big Picture

The experts say that big banks will keep manipulating markets unless and until their executives are thrown in jail for fraud.
Why? Because the system is rigged to allow the big banks to commit continuous and massive fraud, and then to pay small fines as the “cost of doing business”. As Nobel prize winning economist Joseph Stiglitznoted years ago:
“The system is set so that even if you’re caught, the penalty is just a small number relative to what you walk home with.
The fine is just a cost of doing business. It’s like a parking fine. Sometimes you make a decision to park knowing that you might get a fine because going around the corner to the parking lot takes you too much time.”
Indeed, Reuters points out today:
Switzerland’s regulator FINMA ordered UBS, the country’s biggest bank, to pay 134 million francs ($139 million) after it found serious misconduct in both foreign exchange and precious metals trading. It also capped bonuses for dealers in both units at twice their basic salary for two years.
Capping bonuses at twice base salary?  That’s not a punishment … it’s an incentive.
Experts say that we have to prosecute fraud or else the economy won’t ever really stabilize.
But the government is doing the exact opposite. Indeed, the Justice Department has announced it will go easy on big banks, and always settles prosecutions for pennies on the dollar (a form of stealth bailout. It is also arguably one of the main causes of the double dip in housing. And there is no change in the air.)
Indeed, the government doesn’t even force the banks to admit any guilt as part of their settlements.  In fact:
“The banks have been allowed to investigate themselves,” one source familiar with the investigation told Reuters. “The investigated decide what they want to investigate, what they admit to, and how much they will pay.
Wall Street has manipulated virtually every other market as well – both in the financial sector and thereal economy – and broken virtually every law on the books.
And they will keep on doing so until the Department of Justice grows a pair.
The criminality and blatant manipulation will grow and spread and metastasize – taking over and killing off more and more of the economy – until Wall Street executives are finally thrown in jail.

It’s that simple …

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See also:  Cartels R Us: Tab for Rigging Foreign Exchange $3.3 Billion and Rising

Wednesday, 12 November 2014

Child sex abuse report: Files concerning Westminster paedophile ring were destroyed in last few years

Comment: No! Really? 

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The Independent

Theresa May has admitted there “might have been” a cover-up at Home Office in the 1980s concerning allegations that politicians were involved in child sex abuse but said an official review found the claim was “not proven”.

The Wanless report concluded that “shambolic” record keeping at the Home Office meant a definite answer could not be given either way. More than 100 files concerning allegations of child abuse at the heart of Westminster were destroyed in the last few years, according to the report, although not by anyone directly connected to the allegations, it said.

Responding to the report's publication Ms May told MPs: “There might have been a cover-up. I cannot stand here and say the Home Office was not involved in a cover-up in the 1980s and that is why I am determined to get to the truth.”

Peter Wanless, the chief executive of the NSPCC, who led the review, said a sophisticated cover-up was “unlikely” to have taken place. He also said he had not uncovered any attempts by the Home Office to conceal child abuse and that the missing files were last seen “in this century”.

Mr Wanless was asked to investigate with Richard Whittam QC, after an internal review found the Home Office had “lost or destroyed” 114 files between 1979 and 1999. They included a dossier presented by the late Tory MP Geoffrey Dickens to then Home Secretary Lord Brittan in 1983. 

Read More

 See also: Westminster Paedophile Ring

 

Sunday, 9 November 2014

X-Men mind control becomes a reality

Comment: And since we are ruled by benevolent beings with our best interests at heart we have nothing to worry about right? And combine it with other technologies and the emerging SMART societies that should all make us sleep soundly at night...

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The Telegraph

Taking control of another person’s body with your mind is something that has been long dreamed of in comic books and films like X Men, but now scientists have achieved it in real life. 

Researchers used electromagnets and computers to transmit a person’s brainwaves allowing them to control the hand of another sitting in a different building one mile away.

The technology recorded the brain signals from a computer gamer and then fired them into the brain of another volunteer, triggering the nerves that controlled their hand muscles.

This allowed the gamer, who had no physical computer controls themselves, to use the other person to play a computer game.

Read more

Saturday, 8 November 2014

The Dickens Dossier: Secret file on establishment paedophiles may be opened

The Independent

A secret file which is said to contain the names of paedophiles with links to the British establishment and which is rumoured to be locked away in archives at the University of Oxford’s Bodleian Library, could be made public as part of the Government’s child abuse inquiry.

Inquiry panel members Barbara Hearn and Sharon Evans, along with Ben Emmerson QC, counsel to the inquiry, assured campaigners at their meeting last week – shortly before Fiona Woolf announced she would be the second person to resign as chair – that they would have top-level security clearance and access to restricted or closed files.

The whereabouts of the “Dickens Dossier”, containing allegations of paedophiles linked to the British establishment and compiled by former Conservative MP Geoffrey Dickens, is unknown. It went missing after the politician handed it to the then Home Secretary, Leon Brittan, in 1984, as are more than 100 documents concerning child abuse allegations that had been held by the Home Office. It is rumoured it may be in the Barbara Castle archives within the University of Oxford’s Bodleian Library.

Read More



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