IMF Senior Economist Resigns after twenty years of service, Says “Ashamed…”

I am being the messenger for the fireworks that keep going off and the stuff has hit a veritable flood stage.

It is up to you guys if you read all of this stuff, read some of this stuff or don’t read any of this stuff, pass it on or not, prepare for what is coming or not.

First this IMF scandal then LIBOR (or should that LIBMBR for London Inter-Bank Make Believe Rate) then money laundering and other bank fraud than Syria then Europe then other news that is absent from or misreported by the corporate media.

Scandal At The IMF: Senior Economist Resigns, Says “Ashamed To Have Had Any Association With Fund At All”

http://www.zerohedge.com/news/scandal-imf-senior-economist-resigns-says-ashamed-have-had-any-association-fund-all

“has penned the following scathing letter which tears down every myth about the IMF: from its impartiality, to the selection process of its head, to its effectiveness. The letter also contains the following gem: “After twenty years of service, I am ashamed to have had any association with the Fund at all.” Pretty much says it all.”

HOW …

DO …

LIKE …

THOSE …

FIREWORKS ?!

BBC report: IMF’s Peter Doyle scorns its ‘tainted’ leadership

http://whatreallyhappened.com/node/179737

“said he is “ashamed” to have worked there.”

“Peter Doyle said in a letter to the IMF executive board that he wanted to explain his resignation after 20 years.”

“He writes of “incompetence”, “failings” and “disastrous” appointments for the IMF’s managing director, stretching back 10 years.”

“Peter Doyle claims there was a “fundamental illegitimacy” in Christine Lagarde’s appointment”

What Is the Real Reason for Doyle’s Letter Blasting the IMF?

http://thedailybell.com/4109/Anthony-Wile-What-Is-the-Real-Reason-for-Doyles-Letter-Blasting-the-IMF

“A senior economist for the International Monetary Fund, Peter Doyle, has merely reaffirmed what is evident and obvious about the IMF … that it is not a proactive organization when it comes to defusing global financial crises.”

“It is simply unrealistic to believe that someone in Doyle’s position is not aware that many sought the crisis that has now developed. He is leaving out the REAL – and stated – reason as to why this crisis erupted and why it has continued.”

“One can actually see various forms of centralization being put into practice as the crisis prolongs itself. On a steady basis come statements and actions designed to recognize the EU as an heir to Charlemagne’s empire – politically as well as economically.”

“It is probably not an exaggeration to say that the “greater union” is being built at the expense of blood and suffering of millions. If those such as Doyle begin to sense that the posture of the West’s most powerful globalist facilities is becoming unsupportable, then expect more such “resignations” as Doyle’s.”

Debt crisis: IMF ‘suppressed signs that Europe was facing debt crisis’

http://www.telegraph.co.uk/finance/financialcrisis/9416608/Debt-crisis-IMF-suppressed-signs-that-Europe-was-facing-debt-crisis.html#

“The International Monetary Fund deliberately suppressed evidence that Europe was heading for a debt crisis, according to a blistering resignation letter from a senior economist at the fund.”

“The IMF said it had no evidence Mr Doyle’s views were suppressed, or that any views were suppressed.”

Is Mr. Doyle a liar as the IMF suggest ? I think not.

LIBOR/LIBMBR

Barofsky On Geithner (and LIBOR): “We Should See People In Handcuffs”

http://www.zerohedge.com/news/barofsky-geithner-we-should-see-people-handcuffs

Barofsky is the former Special Inspector General of TARP, the $700 billion bailout program.

The Hedge Fund Trail In Liborgate Gets Hotter: Mega Fund Brevan Howard Next?

http://www.zerohedge.com/news/hedge-fund-trail-liborgate-gets-hotter-mega-fund-brevan-howard-next

“Oh very possible: we present exhibit A – Brevan Howard, a “fund, with assets of $20.8 billion as of Dec. 31, has never had a losing year and returned 14.4 percent annualized from its April 2003 inception through the end of 2008” as Bloomberg said in a made to order profile of the funds recently. Perhaps there is a very simple reason for this trading perfection: Brevan Howard telephoned on 20 Aug 2007 to ask the defendant to change the Libor rate,” according to a paper filed with the Singapore High Court cited by Bloomberg.””

Baltimore and the Libor scandal: ‘We can’t leave any money on the table’

http://www.guardian.co.uk/business/2012/jul/19/baltimore-libor-financial-crisis

“The hard-hit city says it had no choice but to file a class action lawsuit, putting a human face on the far-reaching scandal.”

Criminal Libor-Rigging Involved in Debt and Looting Across Massachusetts

http://www.larouchepub.com/pr/2012/120719_libor_looting_mass.html

“July 19, 2012 (EIRNS)—This week, a meeting was scheduled with Massachusetts Attorney General Martha Coakley and officials of the many state agencies—from transportation to water resources, which have been bilked by the years of Libor-rigging, protected by Treasury Secretary Timothy Geithner et al., for the banksters. Although no official statewide survey has yet been released, the unofficial accounts from each agency, and from non-state institutions vital to the Commonwealth’s citizenry, show the extent and depth of the looting. The following items are from the Boston Globe and other sources:”

“Massachusetts Department of Transportation: In 2010 alone it had swap contracts to cover some $800 million in borrowing. Agency officials are looking to see by how much it was “underpaid” in the swaps deals.”

“Massachusetts Water Resources Authority is looking into its longstanding $350 mil interest-rate swap deals.”

“Massachusetts Bay Transit Authority (MBTA, also known as the T): This agency had a dozen interest-rate swap agreements valued at a total of $1.6 billion over a five year time period. Last week, Jonathan Davis, acting director of the T, said, “We’re … going to look and see what our legal recourse is” about the losses associated with Libor manipulation.”

“The T is losing about $26 million a year on five toxic swaps still outstanding with Deutsche Bank, JP Morgan Chase and UBS.”

There are those DAMN, DAMN, DAMN INTEREST RATE SWAPS, again.

If Massachusetts, with 6.5 million residents, was representative of the other 49 states in the USA in terms of these toxic Interest Rates Swaps then the looting across the USA would amount to $1.3 billion a year but then the T is just one of the public bodies within Massachusetts so the looting across the USA is probably many, many, many multiples of $1.3 billion a year.

Is everyone beginning to understand one of the reasons why there are budget deficits across the entire spectrum of public bodies ?
Tim Geithner “Aided and Abetted” LIBOR Crimes: Jim Rickards

http://www.brotherjohnf.com/archives/53367

“Rickards states the LIBOR scandal is ‘so big I don’t think people have got their minds around it, this is the largest financial scandal I’ve seen in my career.’”
“He also states that litigation from damages may be so large that ‘Congress may have to step in to limit the damages because it would threaten the banking system.’”
“Regarding Geithner’s failure to report the crime of the banks manipulation of LIBOR rates Rickards stated ‘A fraud is a crime. You can’t witness a crime and not call the cops. Geithner might be guilty of aiding and abetting a crime.’”

11-minute Matt Taibbi video: LIBOR crime defrauded trillions from 99%

http://www.brotherjohnf.com/archives/53804

Obama’s Justice Department Rushes to the Rescue of LIBOR Criminals

http://uruknet.com/?p=m89681&hd=&size=1&l=e

“The Justice Department has launched a flurry of phony investigations in the LIBOR scandal, with the ultimate aim of protecting the banks from the consequences of their crimes. That’s the same role the Obama administration played in the “robo-signing” scandal: immunizing the criminals. In the LIBOR scheme, Attorney General Holder and his crew will try to shield the banksters “from legal action by a host of other government agencies and, ultimately, from the global universe of parties that have been harmed by the banksters’ schemes.”

“The Obama Justice Department is in theater mode, again, pretending to threaten the bankster class with criminal penalties – prison time! – for their manipulation of the global economy’s benchmark interest rates. The Justice Department claims to be building criminal and civil cases in the LIBOR scandal, which in sheer scope is the biggest fraud by international capital in history. But that’s all a front, a farce.”

Anyone who keeps their capital, their savings in the crooked casino does so at their own risk.

Exposing Barclays LIBOR Rigging Scandal (Infographic)

www.brotherjohnf.com/archives/54921

Trump Talks “Justice” on Wall Street: LIBOR, Barclays, JP Morgan … “Certainly It Can Be Fixed”

http://sgtreport.com/2012/07/trump-talks-justice-on-wall-street-libor-barclays-jp-morgan-certainly-it-can-be-fixed/

Preet Bharara, US Attorney – Southern District of New York: “You have it in the pharmaceutical industry, you have it in the hedge fund industry, you have it in the technology industry, you have it in the health care industry.”

The Federal Reserve And The Libor Scandal

http://www.brotherjohnf.com/archives/53665 READ MORE

“This New York Fed memo stands out as a model of clear thinking about the deep governance problems that allowed Libor to become rigged.”

Market-Based LIBOR Replacement Is Step In Right Direction

http://sgtreport.com/2012/07/market-based-libor-replacement-is-step-in-right-direction/ Read More

Special report: After Libor, where will the next scandal be?

http://www.independent.co.uk/news/business/analysis-and-features/special-report-after-libor-where-will-the-next-scandal-be-7946899.html

Barclays’ Disgraced COO Gets £8.75 Million Golden Parachute Instead Of Jail Time

http://www.zerohedge.com/news/barclays-disgraced-coo-gets-%C2%A3875-million-golden-parachute-instead-jail-time

“The guy who openly admitted he was getting notification from the BOE to manipulate Libor, and was advising his traders appropriately, Barclays’ COO Jerry del Missier, and who quit the same day as his boss Bob Diamond, has finally had his pay package revealed. The payoff to get him out and shut him up? £8,750,000.”

$800 trillion of instruments being mis-priced by guys like this and this payoff comes to 0.000001% of that.

MONEY LAUNDERING & OTHER BANK FRAUD

FULL REPORT: HSBC, U.S. affiliates, Saudi Bank, Bangladesh Banks with NGO aid financing terrorism and money laundering

http://thesantosrepublic.com/2012/07/full-report-hsbc-u-s-affiliates-saudi-bank-bangladesh-banks-with-ngo-aiding-in-financing-terrorism-and-money-laundering/

““In an age of international terrorism, drug violence in our streets and on our borders, and organized crime, stopping illicit money flows that support those atrocities is a national security imperative,” said Sen. Carl Levin, D-Mich., subcommittee Chairman. “HSBC used its U.S. bank as a gateway into the U.S. financial system for some HSBC affiliates around the world to provide U.S. dollar services to clients while playing fast and loose with U.S. banking rules.  Due to poor AML controls, HBUS exposed the United States to Mexican drug money, suspicious travelers cheques, bearer share corporations, and rogue jurisdictions.  The bank’s federal bank regulator, the OCC, tolerated HSBC’s weak AML system for years.  If an international bank won’t police its own affiliates to stop illicit money, the regulatory agencies should consider whether to revoke the charter of the U.S. bank being used to aid and abet that illicit money.””

You read that correctly – REVOKE THE CHARTER.

“HSBC’s activities in Saudi Arabia were brought into question in the report, specifically referencing banking with Al Rajhi Bank. The investigation claims the Saudi bank has links to financing terrorism based on evidence gathered after the September 11 attacks.”

“HSBC was found to be doing business with Saudi Arabia’s Al Rajhi Bank, whose key founder “was an early financial benefactor of al-Qaida.”

“HSBC forbade its affiliates from doing business with the Saudi bank in 2005, but this policy was overturned only a few months later when the banks resumed dealings.”

Do you really think the offered apology is sufficient ?

NO …

NO …

HELL NO.

Former Wells Fargo CEO Richard Kovacevich: 2008 Crash Manufactured – Made Insiders Tremendous Amounts of Money

http://www.blacklistednews.com/Former_Wells_Fargo_CEO_Richard_Kovacevich%3A_2008_Crash_Manufactured_%E2%80%93_Made_Insiders_Tremendous_Amounts_of_Money/20653/0/0/0/Y/M.html

“Kovacevich says the that regulators simply failed to do their jobs – no new regulations were needed. TARP was simply a coverup for regulators’ corruption and negligence. Financiers profited tremendously from the market collapse, a collapse that they knew was coming because they saw the enormous leverage and risk lenders were taking.”

57 minute YouTube video – not a short video.

David Stockman: “The Capital Markets Are Simply A Branch Casino Of The Central Bank”

http://www.zerohedge.com/news/david-stockman-capital-markets-are-simply-branch-casino-central-bank

The Fed has destroyed the money market. It has destroyed the capital markets. They have something that you can see on the screen called an “interest rate.” That isn’t a market price of money or a market price of five-year debt capital. That is an administered price that the Fed has set and that every trader watches by the minute to make sure that he’s still in a positive spread. And you can’t have capitalism if the capital markets are dead, if the capital markets are simply a branch office – branch casino – of the central bank. That’s essentially what we have today.”

All investment avenues are now rigged – Dr. Paul Craig Roberts

http://goldswitzerland.com/all-investment-avenues-are-rigged/

“Paul Craig Roberts, an outstanding American economist, has had careers in scholarship and academia, journalism, public service, and business. Today he is chairman of The Institute for Political Economy”

“Dr. Roberts was educated at the Georgia Institute of Technology (B.S.), the University of Virginia (Ph.D.), the University of California at Berkeley and Oxford University where he was a member of Merton College. He has been associate editor and columnist for The Wall Street Journal and columnist for Business Week and the Scripps Howard News Service. In 1992 he received the Warren Brookes Award for Excellence in Journalism. During his time of public service he was as an Assistant Secretary of the US Treasury in the early 1980s. In January 1982 he resigned to become the first occupant of the William E. Simon Chair, Center for Strategic and International Studies, Georgetown University. He held this position until 1993. He was a Distinguished Fellow at the Cato Institute from 1993 to 1996 and a Senior Research Fellow at the Hover Instition, Stanford University.”

“Dr. Roberts has testified before congressional committees on 30 occasions on issues of economic policy. He has contributed chapters to numerous books and has published many articles in journals of scholarship, including the Journal of Political Economy, Oxford Economic Papers, Journal of Law and Economics, Studies in Banking and Finance, Journal of Monetary Economics, Public Finance Quarterly. He has written or co-written eight books , among them: “How the Economy Was Lost: The War of the Worlds,“ published in January, 2010 by CounterPunch/AK Press. In 1984 he published the widely reviewed and favorably received book “The Supply-Side Revolution.“”

“In 1987 the French government recognized him as “the artisan of a renewal in economic science and policy after half a century of state interventionism” and inducted him into the Legion of Honor. He is listed in Who’s Who in America and Who’s Who in the World.”

Do you think people should listen to what this guy has to say ?

You’d better listen if you don’t want your wealth you currently have to be transferred to someone else.

“Lars Schall: Dr. Roberts, why are we according to your analysis in a global financial crisis – and why do the populations of the Western hemisphere have to pay for the debt of the private banking sector?”

“Paul Craig Roberts: The financial crisis is not global. It is limited to the US and EU and to other countries whose financial institutions purchased more Wall Street junk and EU member country’s over-issued sovereign debt than the banks that purchased these instruments can write off without becoming insolvent under the laws that prevail.”

“In the US the financial crisis was caused by the deregulation in the Clinton and George W. Bush regimes, beginning with the repeal of Glass-Steagall, which separated commercial from investment banking and continuing on with the removal on limits on debt leverage and the prohibition of the Commodities Futures Trading Corporation from regulating over-the-counter derivatives. The investment grade ratings that US rating agencies were paid to place on toxic waste was the prime factor in exporting the US fraud to the EU, where financial institutions purchased Wall Street’s toxic waste thinking it was investment grade instruments.”

“With their balance sheets already damaged by Wall Street’s fraud, the EU banks were then hit with two more crises: the sovereign debt crisis of the PIIGS and the lending crises from the country-specific real estate bubbles.”

“Western populations are being saddled with the banks’ losses either because they do not understand that that is what is happening or because they have not taken to the streets in sufficient numbers with sufficient ferocity to avoid the burden. A corrupt or stupid Federal Reserve permitted financial concentration to the extent that institutions “too big to fail” were created. To prevent failures regarded or claimed to be “catastrophic,” capitalism is no longer permitted to weed out failures in the financial sector. Instead, failed institutions are maintained with public subsidies as if they were socialized firms.”

Former Citi Boss: Reduce Leverage to 15 Times Assets, Put EVERYTHING Back on the Books, and Mark All Assets to Market EVERY DAY

http://www.zerohedge.com/contributed/2012-07-25/former-citi-boss-reduce-leverage-15-times-assets-put-everything-back-books-an

Jon Corzine Will Face Criminal Charges For MF Global Ripoff

http://dailybail.com/home/we-havent-forgotten-you-jon-corzine.html

I’ll believe it when I see it.

Goldman Sachs Stole $55 Million In Build America Fees

http://dailybail.com/home/goldman-earned-557-million-from-build-america-fees.html

CONFIRMED AT LAST: The Attempted Cover-Up Of How JP Morgan Torpedoed Lehman Brothers

http://dailybail.com/home/confirmed-at-last-the-attempted-cover-up-of-how-jp-morgan-to.html

Banker Brushfires Risk Jumps

http://news.goldseek.com/GoldenJackass/1343246400.php

“INTEREST RATE SWAP & FALSE USTBOND SAFE HAVEN”

“The next jump in the banker brush fire might be the revelation of the primary role played by the Interest Rate Swap derivative contract device. The JPMorgan chief investment office is tasked with fabricating the USTreasury Bond rally. They must maintain the near 0% bond climate despite chronic $1.5 trillion deficts to securitize and largely absent foreign creditors. They farm out the duty to their Morgan Stanley outpost. Hundreds of $billions in artificial USTBond demand can be produced, with trumpets blown by strumpets calling the flight to safety in toxic USTBonds. Recall that the cost of funding the IRSwap mechanical abuse is the ultra-cheap LIBOR rate. Notice the tight correlation between the US FedFunds official rate and the LIBOR rate. The price rigging in the LIBOR came about since the banks refused to lend at the absurd 0% rate dictated by the USFed, working in close concert with the Bank of England. The banks were willing to speculate at that rate, but not to lend at that rate. The target could not be sustained. So the participants to the consensus procedure lied to each other, complete with memos, adorned by winks. The practicality of the ZIRP could not extend into the real world without further collusion.”

Don’t Live in Fear: Liberty & Economics with Michael Krieger of Liberty Blitzkrieg

http://sgtreport.com/2012/07/dont-live-in-fear-liberty-economics-with-michael-krieger-of-liberty-blitzkrieg/

“You can and must enjoy life while fighting these criminals, otherwise they win.  Give yourself to love, compassion and truth.  Those are the things TPTB hate the most.’ – Mike Krieger”

The powers-that-were.

20m40s “If I know these guys and by ‘these guys’ I mean the most powerful financial people on planet earth and their mentality, their mentality is one of: we’d rather burn the whole earth to the ground than lose. And I believe that’s how the think.”

Can anyone afford to think that such people as Michael describes do not exist ? Perhaps not even God would be able to help such people so deeply immersed in denial.

In Defining Hypocrisy, Weill, Who Led Repeal Of Glass Steagall, Now Says Big Banks Should Be Broken Up

http://www.zerohedge.com/news/defining-hypocricy-weill-who-led-repeal-glass-steagall-now-says-big-banks-should-be-broken

“Weill discussing all of the above and more with a straight face”

ARRESTED: Former Anglo Irish Bank Officials Appear in Court

http://americankabuki.blogspot.co.uk/2012/07/arrested-former-anglo-irish-bank.html

Sean FitzPatrick is third ex-Anglo Irish Bank executive to be arrested in 24 hours

http://www.bbc.co.uk/news/world-europe-18965510

Could Ireland be doing what Iceland did, take down the banksters ?

South Korea’s President Lee Myung-bak Gives National Apology; Brother Arrested For Accepting Bank Bribes

http://americankabuki.blogspot.co.uk/2012/07/south-koreas-president-lee-myung-bak.html

Desperate CME Tries To Regain Client Confidence In MFG, PFG Aftermath; Sends Letters To Customers

http://www.zerohedge.com/news/desperate-cme-tries-regain-client-confidence-mfg-pfg-aftermath-sends-out-letters-customers

The CME have shot themselves in the one foot with MFG and then in the other foot with PFG so now they have no legs to stand on.

Peregrine Financial Fraud: What Shocks Me

http://www.senseoncents.com/2012/07/peregrine-financial-fraud-what-shocks-me/

“For the customers of Peregrine, I do not mean to make light of your pain.”

“I do mean to shame the financial regulators from the CFTC and NFA (National Futures Association) who failed to perform. Permission? Are you serious?”

“How many other frauds are out there right now because our captured regulators did not get the permission to check customer accounts?”

UPDATE: Trustee Reports FBI has Control of Contents of PFG Precious Metals Vault

http://www.brotherjohnf.com/archives/53659

“This likely means PFGPM accounts are not protected by the part 190 Rules which govern the distribution of specifically identifiable property.  Only accounts at Peregrine Financial Group, Inc.–the CFTC and NFA registered entity–would be afforded segregation protections.  It is unclear at this time of PFGPM is bankrupt, but its customers are afraid that they are be part of a larger, more complex Ponzi-scheme.”

“Those whom with we spoke, who chose not to be named, were worried that if PFGBest was willing to defraud the regulated side of the business, they may have little compunction about defrauding customers of an unregualted entity.  Some customers complained of PFGPM being slow to produce statements, especially when bullion was deposited at third party vaults.  No one at PFGPM is accused of any wrongdoing.”

“It seems that more uncertainty surrounds customers of PFGBest’s various operations.  We will update customers of PFGPM as we receive information from the Trustee and Receiver regarding their property.”

Ponzi-scheme ? Uncertainty ? Bloody hell.

The Latest $60 Billion SCAM! Gold “thought to have been purchased” BUT WASN’T

http://sgtreport.com/2012/07/the-latest-60-billion-scam/ Read more

“So this “little scam” that was uncovered that apparently began back in 2008, represented about 1 half of 1 years total GLOBAL Gold production. Or should I say “diverted” that amount of demand since it doesn’t look like the Gold was even purchased. Very roughly, over the last 4 years, 12.5% of total production that was “thought to have been purchased”, but wasn’t. This “$60 Billlion” is equal to roughly 1200 tonnes.”

It can’t be long now before this whole thing implodes.

Central Bank Gold-Grab Intensifies Further, Part I

http://sgtreport.com/2012/07/central-bank-gold-grab-intensifies-further-part-i/ Read More

“As Forbes Magazine tells us, there are also indirect ways in which we can deduce that actual supplies of bullion are extremely limited, such as the unscrupulous people who sell “paper gold” to Chumps, only for the Chumps to discover that they are holding all “paper” and no “gold”. Where did the intrepid sleuths of Forbes Magazine spot these gold-scammers? Halfway around the world in China.”

“There are a few preliminary points to make regarding Forbes’ “discovery”. First of all it is incongruous (bordering on outright absurdity) that these same Corporate Media talking-heads have spent literally decades scoffing at even the possibility of bullion-scamming of this nature taking place in New York and London; despite mountains of empirical evidence and even a bona fide whistleblower. Indeed, one of these New York fraud-factories has already been fined once for its own “paper bullion” escapades.”

“While both the banking cabal and Corporate Media have vainly continued to present the (public) front that the U.S. dollar (and U.S. paper in general) is the world’s ultimate “safe haven”, it is gold whose status is being elevated by these bankers again and again – at the same time that the U.S. dollar is being rapidly stripped of its status as “reserve currency”; in a 21st century reprise of “Tulipmania”. What happens when the transition to a new reserve currency is nearly finished; and bewildered dollar-holders are sitting with $trillions in this surplus paper? It will give new meaning to the words “stampede” and “panic”.”

“Meanwhile, with respect to the Rise of Gold; first European bankers proclaimed that gold would once again (officially) be considered “financial collateral” for any/all sovereign debts of Europe’s Deadbeat Debtors. As I noted when this was initially announced, the motive seems abundantly transparent: with these hopelessly insolvent economies about to default on their fraudulent bond debts (as Greece has already done), the bankers are seeking to seize these nations’ remaining stockpiles of bullion. Why buy gold when you can simply steal it instead?”

“In being elevated to a Tier 1 financial asset, 100% of gold’s market value would count toward the ultra-critical capital levels of these banks (versus only an absurd 50% weighting at the present time). Essentially, this one change would instantly make gold literally twice as attractive and twice as valuable to all these Big Banks.”

Yep, twice as valuable.

Right From The Perth Mint: Expect Precious Metals Shortages During The Next Crisis–23.July.12

http://dont-tread-on.me/?p=21015

“Bron Suchecki, who’s in charge of strategy for the famed Perth Mint, is warning all precious metals investors that the next crisis will lead to heightened precious metals demand so expect shortages and mint rationing. This is exactly what happened in 2008, and the next crisis could very well be worse. Interestingly, the shortages emerged not from a shortage of raw materials, but due to a lack of fabrication capacity. The blanks or planchets that are required to stamp coins are in limited supply. There aren’t a lot of producers around the world, and they have been knwon to invest large amounts of capital towards ramping up production. This is due to the market’s unpredicatable demand curve and the high costs of expansion. The result is that the distribution system works great in times of regular demand, but it quickly breaks down when demand spikes. Remember, we told you it was coming.”

The New York Fed On The “Phenomenal Asset” That Is Gold

http://www.zerohedge.com/news/new-york-fed-phenomenal-asset-gold

“Martin said, “is man’s enslavement to gold for monetary purposes.”” ?

Government’s are enslaved is more accurate, enslaved from stealing wealth from the populace through currency debasement.

How is that enslavement looking for someone who has been holding gold since 1933 ?

Swedish Propaganda ‘Research’ Advocates EU Ban of Silver Products

http://www.silverdoctors.com/swedish-propaganda-research-advocates-eu-ban-of-silver-products/

“A Sweedish research team has released a propaganda hit piece on silver titled Silver: A Toxic Threat to Our Health and Environment, and urges municipalities, governments, and the EU to take action by banning silver products, and consumers to actively avoid any product containing dangerous silver.”

“The study concludes by strongly advocating consumers ‘stay informed and avoid any product labeled to contain silver’, and encourages hospitals to train their staff to avoid purchasing medical products containing silver.”

“As the ‘research’ team made zero disclosures regarding the funding of the study, we have sent an official inquiry to the authors requesting clarification as to if the study was funded by Pfizer, Merck, AstraZeneca, or JP Morgan.”

“The ‘research’ claims silver is toxic to all living cells, silver contributes to antibiotic resistance (in fact the opposite is true- synthetic antibiotics contribute to bacterial adaptation and resistance), silver causes permanent skin damage, silver chokes fish to death, silver disturbs bacterial activity when cleaning sewage (actually that’s true- silver destroys the bacteria in sewage and sanitizes the water), silver prevents the use of sludge as a fertilizer (this is only a bad thing for companies in need of cheap public disposal of their toxic waste), and finally claims that mining of silver is intimately associated with environmental contamination of toxic heavy metals such as mercury and lead and therefore silver mining is toxic to the environment.”

Should we shocked at this pack of lies that seeks to deny silver’s medicinal properties ? I’m afraid not.

Look at what I picked up from http://www.edrsilver.com/i/pdf/SilverFacts2011.pdf

“• Hypocrites, the father of modern medicine, wrote that silver had beneficial, anti-disease properties.”

“• Wealthy, ancient Greeks, Romans and Phoenicians stored their wine, water and oil in silver jugs to maintain their freshness and prevent spoiling.”

“• Silver compounds show a toxic effect on some bacteria, viruses, algae and fungi. Health and medical applications of silver are wide ranging and its uses include dressings and ointments for burns and wounds, anti-bacterial pharmaceuticals, coatings on hospital implements and surfaces, to name a few.”

“• Silver is being used to treat wastewater and to treat streams containing radioactive and biological contaminants.”

“• Silver is increasingly being used for water purification and as an anti-bacterial agent in swimming pools.”

“• Clothing is being manufactured with silver impregnated fabric to kill bacteria and fungi in order to reduce disease and odour. Military uniforms, sporting wear and every day clothing are now produced that contain this special fabric.”

“• Recent research shows that silver also promotes the production of new cells, increasing the rate of healing wounds.”

“• Silver may become the most economical and effective shield against threats of ever mutating microbes that are anti-biotic resistant.”

This ‘research’ is nonsense and any proposal for a ban is to be put to an end immediately.

The War on Silver

http://www.silverseek.com/commentary/war-silver

“It has taken more than 25 years for me to fully comprehend a conclusion that I never wanted to reach, namely, that there is an organized war against the price of silver that has come to include the US Government. I think the US Government involvement came into being almost accidently, but even if it was an accident of sorts, that does not diminish the serious nature of what must be described as illegal activity at the highest levels. I am conflicted between feelings of sadness and outrage.”

“Starting around 1985, I became convinced that the price of silver was being manipulated by collusive and concentrated short selling by certain commercial entities on the world’s leading precious metals commodity exchange, the COMEX. Having a background in futures trading going back to 1972, it dawned on me that the concentrated and orchestrated short selling was dominating and, therefore, manipulating the price of silver. The very first thing I did after this discovery was to petition the regulators at the CFTC and the COMEX to alert them to the existence of the most serious market crime possible. My petitions fell on deaf ears but I continued to petition them through the present. Since this was in the pre-Internet era, I was limited in convincing others of the silver manipulation due to distribution restrictions. Communication was very different 25 years ago.”

“Around 1996, I was exposed to the Internet for the first time and began to write in my spare time on that medium about the silver (and gold) manipulation. As a result, more observers came to appreciate the manipulation and took up the cause of exposing and terminating this serious market crime. Were it not for the Internet there would be no broad discussion of a silver or gold price manipulation, even to this day. Certainly, the discussion has led to multiple official inquiries into a silver manipulation by the CFTC over the past ten years.”

“The war has been waged against all silver market participants by a few well-connected financial firms and banks for the purpose of price control. This price control enables JPMorgan and others to capture profits on a variety of derivatives transactions, including COMEX futures and options contracts. This is exactly the same motive that caused Barclays to manipulate LIBOR; interest rates were manipulated for mostly short-term payoffs on derivatives contracts valued by the rates being manipulated. Likewise, JPMorgan and others manipulate the price of silver on the COMEX to capture short term profits on silver derivatives contracts.”

“What the COT report has documented for years is that COMEX silver is the most concentrated major market of all on the short side. That the agency won’t address this fact is beyond troubling.”

This crime against silver is a matter of National Security for the bankster-infiltrated federal government.

Gold Bears Will Be Shanghaied

http://www.brotherjohnf.com/archives/55636 READ MORE

Gold bears expecting the ‘gold bubble‘ to pop must be smoking that funny stuff left over from the two opium wars of the mid-1800s between the British and China.  Today’s war with China finds the Son of Britain attempting a variation of the same colonialist trick by forcing, this time, funny money onto the Chinese.”

“Not only is Uncle Shunyuan not falling for Uncle Sam’s modern-day sharecropper scheme of purchasing real goods with counterfeit money, Americans will soon wake up to the realization that, in addition to their jobs being sent to China, their wealth, too, has set sail for the Middle Kingdom.”

Colonialist ? Sharecropper ? Counterfeit ?

They are pieces of paper that needs the force of legal tender laws because the people are too dumb to transact in a medium of exchange.

“the Chinese are quite aware of the dollar’s role for maintaining the neoconservative goal of complete global U.S. hegemony; and with Russia’s help, along with the other motivated members of the BRICS nations, Uncle Sam’s meddling, threatening, extorting, bribing and swindling ways with its ‘partners’ in the The-World-is-Flat nonsense, the U.S. will assuredly near its MF Global sudden death moment—but on China’s timetable, at the very latest.”

“In Embry’s interview with Eric King, Tuesday, he intimated that the Fed must allow the gold price to rise very soon to stop a Charles de Gaulle run on the gold market by the Chinese.”

It’s Official: You Cannot Trust The Paper Silver Markets

http://dont-tread-on.me/?p=21090

At the end of the second paragraph of the letter to clients of the CME group they write ‘firms who respect and comply by the rules’.

What’s with the word ‘rules’, they should written the word ‘laws’.

Silver Update 7/25/12 Pump and Dump

www.brotherjohnf.com/archives/55655

Insiders have sold 400 millions dollars worth of shares in Green Mountain Coffee Roaster or nearly 20% of the company and the shares topped out at $110 but have since dropped to $30.

Greyerz: $1.5 Quadrillion Bubble & Gold Into The Stratosphere

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/20_Greyerz__$1.5_Quadrillion_Bubble_%26_Gold_Into_The_Stratosphere.html

You now have a total worldwide debt of around $150 trillion. If you add to that contingent liabilities, unfunded liabilities, pension funds, etc., you are talking about $500 trillion.””

London Trader: The LBMA Gold Price Fixing Scheme Is OVER

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/7/20_London_Trader_-_The_LBMA_Gold_Price_Fixing_Scheme_Is_Over.html

“The source also said that because of this, the eventual “move in gold and silver will literally frighten most people.””

“Here is what the source had to say:  “It is now beginning to be discussed, openly, that the unallocated gold is not at the banks.  This is definitely the case with many of the allocated accounts as well.  The reason I’m pointing this out is you have a more ‘open’ disclosure that’s taking place with regards to this.””

“You have these naked short positions, that are incomprehensible to most people, in both gold and silver….”

Selling something that doesn’t exist.

The word for that is … COUNTERFEITING.

““As this scandal is brought to light, that the unallocated gold and silver are not there, and much of the allocated gold and silver is not at these banks either, and as you see these naked short positions unwound, the world will witness a massive price rise in in both gold and silver.  The move in gold and silver, at that point, will literally frighten most people.  They simply won’t understand what is happening.”

“When someone goes to a bank and deposits money, if you look at the small print, you don’t actually own that money, you’ve simply loaned it to the bank.”

People need to understand that they are creditors to the bank and they will get stiffed when push comes to shove.

“The underlying problem here is that when the run on physical gold and silver begins, how will the banks print the gold and silver?  It’s not possible.  So something is brewing here.  There’s no smoke without a fire.  The reason this information is beginning to be discussed more openly is because of legal reasons.  They need to be able to say, ‘We disclosed to people that the gold and silver wasn’t there.’ ”

“Yes, this will include a scandal at the LBMA in those unallocated accounts.  The paper leverage in the LBMA system is off the charts.  Investors believe their gold and silver is sitting in those unallocated accounts, and they will be in shock when they find out it isn’t there.”

“The London Trader also stated: “I would also add that demand for gold from China is unceasing.  The Chinese not only want to diversify out of dollars, but now they also want to diversify out of the euro as well.  They are trying to do this in size.”

“We had the recent proposal to have gold categorized as a Tier-1 asset.  This moves the risk weighting from 50% to 0%.  Most people have not grasped the full significance of this proposal.  This will change the entire mechanics of the gold market when there is a time of stress, such as the one we witnessed in 2008.”

Bill Murphy’s London Source: “BIG, BIG Gold & Silver Moves Are Coming in August”

http://sgtreport.com/2012/07/exclusive-bill-murphys-london-source-big-big-gold-silver-moves-are-coming-in-august/

Bill Murphy: The Cartel Is Getting Desperate

http://sgtreport.com/2012/07/bill-murphy-the-cartel-is-getting-desperate/

3m40s “There’s no free press in the united States of America, it’s a joke, it’s a bought press.”

3m55s “Harry … did the same thing in the Madoff scandal for ten years to the SEC and so on. Nobody would listen to him and he couldn’t have been more right.”

You’ve Been Warned: Bill Gross Says Investors Who Stay in Treasurys ‘Will See a Haircut’

http://sgtreport.com/2012/07/youve-been-warned-bill-gross-says-investors-who-stay-in-treasurys-will-see-a-haircut/ Read More

[Ed. Note: Those of us who are fully informed and understand the systematic criminality of the Western banking system, remain amused every time gold is mentioned as a “risky asset”.]

The Audit The Fed Bill Gets Passed By The House But Obama And The Democrats Are Going To Kill It

http://sgtreport.com/2012/07/the-audit-the-fed-bill-gets-passed-by-the-house-but-obama-and-the-democrats-are-going-to-kill-it/ Read More

“The vote was 327 to 98” – half way to being veto proof.

It is claimed that the non-Federal non-Reserve Act places some information on it’s operation out of the reach of the Congress.

Congressional Video – Kucinich Rails Against The Fed, Demands A Full Audit (H.R. 459)

http://dailybail.com/home/congressional-video-kucinich-rails-against-the-fed-demands-a.html

New Home Sales Miss By Most In 20 Months

http://www.zerohedge.com/news/new-home-sales-miss-most-20-months

Housing begins the next leg down because there is still too much leverage that must be washed out of the system.

British Double Dip Accelerates Following “Terrible” GDP Data

http://www.zerohedge.com/news/british-double-dip-accelerates-following-terrible-gdp-data

“Amusingly, according to Goldman “It is difficult to reconcile the weakness of today’s official GDP data with any other indicator of economic or labour market activity.” We knew the peripherals were doing all they can to sabotage their economies and be eligible for more aid and bailouts. But the UK?”

Super-rich stash $21 trillion in offshore havens

http://www.rt.com/news/overshore-economy-trillions-report-789/

1% hide $21 trillion, US big banks hide $10 trillion; ending world poverty: $3 trillion

http://www.examiner.com/article/1-hide-21t-us-big-banks-hide-10t-ending-world-poverty-3-trillion

Santelli Rants: “Ditch The Duct Tape; The Problem Is Insolvency”

www.zerohedge.com/news/santelli-rants-ditch-duct-tape-problem-insolvency

Bungled Bank Bailout Leaves Behind Righteous Anger, Justified Rage

http://sgtreport.com/2012/07/bungled-bank-bailout-leaves-behind-righteous-anger-justified-rage/ Read More @ Bloomberg.com

“In the year since I stepped down as the special inspector general of the Troubled Asset Relief Program, the sadly predictable consequences of the government’s disparate treatment of Wall Street and Main Street have only become worse. As the banks amass size and power, Main Street continues to get pummeled.”

“Part of the current economic malaise can be traced directly to Treasury’s betrayal of its promise to use TARP to “preserve homeownership.” The Home Affordable Modification Program has brought little meaningful improvement, with fewer than 800,000 ongoing permanent modifications as of March 31, 2012, a number that is growing at the glacial pace of just 12,000 per month.”

How Bernanke Can Get Banks Lending Again …

http://thedailybell.com/4119/How-Bernanke-Can-Get-Banks-Lending-Again-

If the Fed reduces the reward for holding excess reserves, banks will have to find something else to do with their money, like making loans or putting it in the capital markets. The U.S. economy could use another boost, and it won’t come from fiscal policy. Can the Federal Reserve provide it? Chairman Ben Bernanke keeps insisting that the central bank is not out of ammunition, and in a literal sense he is right. After all, the Fed has not yet exhausted its bag of tricks. It is still twisting the yield curve. It can purchase more assets. It can tell us that its federal funds target interest rate will remain 0-25 basis points beyond late 2014. – Wall Street Journal

Danielle Park–The Financial World is not The Real World 10.Jul.12

http://www.brotherjohnf.com/archives/54842

“Danielle Park joined us today for the Park Perspective. The tales of corruption and exploitation in the financial sector keep getting worse and worse. From fixing the LIBOR interest rates to laundering money for drug cartels, is there anything the financial sector won’t do to make a buck? But Danielle believes that there’s an end coming to the bailouts and it will be soon. The immorality of the system and it’s destructive influences are becoming plain to everyone. The question is, how will change come from outside the system, to rebuild it and make it honest and beneficial to society? Perhaps, events will soon unfold that make it impossible for the financial system to continue its business as usual ways, and it will become a matter of reform or die.”

People will continue to withdraw their money from the corrupt and fraudulent financial system while there aren’t any moves to meaningful reform so the current system will die.

Ben Davies: Seeking value in a world of financial repression

www.brotherjohnf.com/archives/55423 READ MORE

“Davies concludes:”

“Unfortunately the criticisms leveled at capitalism’s supposed failings are not a function of failed free markets but of state intervention in the supply of money. The failing of the banking system is the product of meddling in the true or real rate of interest which has distorted all pricing mechanisms in the production of credit, resource availability, manufactured goods, and services. This has been a global phenomenon. …”

Global Crisis – The Convergence Of Marx, Orwell And Kafka

http://www.zerohedge.com/news/guest-post-global-crisis-convergence-marx-orwell-and-kafka

“the end result is the same in all financialized, centrally managed economies: an expansive kleptocracy best understood as the convergence of Marx, Orwell and Kafka.”

Austrian Economics, Its Detractors and the Reality of Freedom

http://thedailybell.com/4117/Austrian-Economics-Its-Detractors-and-the-Reality-of-Freedom

Which school of economics has been dominate these past 7 decades or so ? Not the Austrian school of economics that’s for damn sure.

Sprott’s Kenton Toews–The Chinese and Asians Buying Companies & Dumping Dollars & Euros–24.July.12

http://dont-tread-on.me/?p=21009

“Sprott Global’s Kenton Toews joined us to discuss the major acquisitions taking place in North American as well as global resource stocks. The Chinese oil company CNOOC is buying Canadian oil producer Nexen for over $15 billion. This is a huge premium to current market prices. An Egyptian billionaire just bought La Mancha Resources, a gold miner for $500mm, getting gold in the ground at just $50 per ounce. What do these moves have in common? They are ways for Asians and others holding large amounts of fiat dollars and euros to diversify them, without disrupting the markets. This could be just the beginning; as the currency crises worsen, the rush for the exit will only intensify. So look to stock acquisitions as a relatively easy way to accomplish that task.”

Mondays With Ranting Andy Hoffman-The Fed Is Losing Control of Its Children–23.July.12

http://dont-tread-on.me/?p=21007

“Ranting” Andy returns with another Monday Rant. Andy says it’s quite obvious the elites are losing control. While they may be able to keep the price of gold suppressed a little while longer, their ability to control the events taking place in Italy, Spain, Greece and the rest of Europe is clearly diminishing, to the point of outright chaos. Therefore, it is more important than ever that you be able to differentiate between reality and perception. The powers that be want you to believe there’s no difference between the two. But as thinking adults, we know this can’t be the truth. Otherwise, your children would be able to create their own reality and choose their own existence. There are very few things that are true and real these days, but at the top of that list are still gold and silver.”

WBFF: Free Phone Frenzy – abuse of the federal Lifeline program

http://whatreallyhappened.com/node/180666

“Okay, so let me see if I have this; the government insists on monitoring all our cell phone use to make sure we are not dealing drugs and being terrorists, but this Lifeline program is handing out free phones which are then sold to drug dealers (and possibly terrorists) who can then use them anonymously?”

“So maybe it’s time we drop this whole government monitoring of our cell phones since it cannot possibly have any effect against the drug dealers and the terrorists.”

SYRIA

The Syrian opposition: who’s doing the talking?

http://www.guardian.co.uk/commentisfree/2012/jul/12/syrian-opposition-doing-the-talking

“Indeed, a number of key figures in the Syrian opposition movement are long-term exiles who were receiving US government funding to undermine the Assad government long before the Arab spring broke out.”

“In February of this year, at the opening of the Friends of Syria summit in Tunisia, William Hague declared: “I will meet leaders of the Syrian National Council in a few minutes’ time … We, in common with other nations, will now treat them and recognise them as a legitimate representative of the Syrian people.””

Exactly how representative of the Syrian people is this group of people who are funded by non-Syrians ?

“The most senior of the SNC’s official spokespeople is the Paris-based Syrian academic Bassma Kodmani.”

“Here is Bassma Kodmani, seen leaving this year’s Bilderberg conference in Chantilly, Virginia.”

U.S.-backed Syrian Opposition Linked to Bilderberg, CFR, Goldman Sachs & George Soros

http://americafirstsite.com/?p=503

“Bashar al-Assad has been falsely portrayed as a spontaneous uprising of “democracy” activists since violence first broke out more than a year ago. But according to a recent investigation published in the U.K. Guardian, top figures in the “regime-change” coalition — most notably the Syrian National Council (SNC) — have intimate links to the highest ranks of the world elite: the shadowy Bilderberg conference, the Council on Foreign Relations (CFR), the Goldman Sachs megabank, billionaire financier George Soros, and, of course, the U.S. government. It is all out in the open, too.”

The notion that Bilderberg get together is purely an excuse for a slap up meal and a few rounds of golf is absolutely false.

“Consider the seemingly never-ending reports about “civilian massacres” blamed on the Syrian tyrant — almost always from anonymous “activists” — that continually prove to be exaggerated, fabricated, or even perpetrated by the Western-backed rebels themselves, and then blamed on the regime.”

Syrian rebels emboldened after seizing border posts

http://whatreallyhappened.com/node/180261

“Three weeks to reach a border town? Are they fighting their way in, or are they fighting their way out!(Note: I am still banned from commenting at Reuter’s!)”

“Friends of Syria” Dirty Little Secret: Journalist Jacquier Killed by Syrian Opposition, French Defense Ministry Confirms

http://thesantosrepublic.com/2012/07/friends-of-syria-dirty-little-secret-journalist-jacquier-killed-by-syrian-opposition-french-defense-ministry-confirms/

“Malbrunot quoted an official in the Syrian opposition as saying that he asked the AL Secretary General’s Assistants about not publishing the second report and was answered that France and Qatar, who were chairing the AL Ministerial Committee, asked them not to publish it as the issue was referred to the French judiciary.”

“The opposition official, according to Malbrunot, said that both France and Qatar support the so-called free army and it will not serve their interest if any opposition member was accused of killing Jacquier.”

NATO Death Squads Attempt to Ethnically Divide Syria

http://sgtreport.com/2012/07/nato-death-squads-attempt-to-ethnically-divide-syria/ Read More

““The Free Syrian Army ruined our lives,” reports BBC in their article, “Syria crisis: Iraqis flee ‘sectarian violence’ in Damascus.” Refugees returning to Iraq from Syria inundated a BBC reporter with accounts of why they’ve fled, citing sectarian violence perpetrated by the Western backed, armed, and funded so-called “Free Syrian Army” (FSA). Accounts reaffirm that indeed foreign fighters are amongst the FSA’s ranks, including Iraqi sectarian extremists serving as commanders.”

Christians in Syria have been particularly hit hard by what is being described as “ethnic cleansing,” not by Syrian security forces, but by NATO-backed death squads under the banner of the “Free Syrian Army.” The LA Times has been quietly reporting on the tragedy of Syria’s minorities at the hands of the Syrian rebels for months – and indicates that wider genocide will take place, just as it is now in Libya, should Syria’s government collapse under foreign pressure.

“It is admittedly under the current Syrian government that Syria’s large populations of ethnic and religious minorities, particularly Shi’ia Muslims, moderate Sunnis, Christians, and Druze have been protected from the inevitable sectarian onslaught by extremists cultivated by the West.”

Britain could be dragged into Syria conflict

http://www.dailymail.co.uk/news/article-2178526/Britain-dragged-Syria-conflict-prevent-bloodshed-spreading-neighbouring-countries-says-Army-commander.html

“But last night it was reported that the Assad regime had attempted to reassert control by using, for the first time, fighter jets on its own people.”

I draw everyone’s attention to the word ‘reported’. Can such things be relied on fully ?

It must be confirmed because as was the case with the Houla massacre, the victims were pro-Assad not anti-Assad, we are being given propaganda by the corporate media.

BBC Rides with Al Qaeda in Aleppo, Syria

http://www.activistpost.com/2012/07/bbc-rides-with-al-qaeda-in-aleppo-syria.html

“BBC did not see “MIGs” bombing Aleppo, though it appears they weren’t even anti-tank SU-25’s but rather training aircraft. Aero L-39 Albatros are also not even “Russian-made” as the BBC claimed. The article below has been amended to reflect this information.”

“When big lies must be told, BBC is there. From Iraq to Afghanistan to Libya and now Syria, BBC has paved the way for Western disinformation meant to mange public perception around a war the public would otherwise never support or tolerate…”

Our Silence is Aiding and Abetting the Warmongers

http://www.activistpost.com/2012/07/our-silence-is-aiding-and-abetting-war.html

I’m not silent, how about all of you ?

(U.S. backed) Syrian rebels torching Turkish trucks

http://america20xy.com/blog6/?p=39934

German Intelligence: “al-Qaeda” All Over Syria

http://en.ammonnews.net/article.aspx?articleNO=17300

“German intelligence estimates that “around 90” terror attacks that “can be attributed to organizations that are close to al-Qaeda or jihadist groups” were carried out in Syria between the end of December and the beginning of July, as reported by the German daily Die Frankfurter Allgemeine Zeitung (FAZ). This was revealed by the German government in a response to a parliamentary question.”

“In response to the same question, the German government admitted that it had received several reports from the German foreign intelligence service, the BND, on the May 25 massacre in the Syrian town of Houla. But it noted that the content of these reports was to remain classified “by reason of national interest”, Like many other Western governments, Germany expelled Syria’s ambassador in the immediate aftermath of the massacre, holding the Syrian government responsible for the violence.”

http://whatreallyhappened.com/node/180814

“More proof positive that it is not the Syrian government killing its own people; it is outside mercenaries doing this.

CONFIRMED: Turkey Running Proxy-Invasion of Syria

http://www.blacklistednews.com/CONFIRMED%3A_Turkey_Running_Proxy-Invasion_of_Syria_/20703/0/0/0/Y/M.html

“The Washington Post has just published an article with the very misleading titled, “Turkey a hub for Syria revolution as illegal border crossing points abound,” in which it describes “Salafi Muslims,” who have “come to offer help from the countries of the Persian Gulf region” arming and joining the so-called “Free Syrian Army.” The article also claims “weapons are ferried into Syria, delivered by Turkish military trucks and picked up by fighters on the other side in the dead of night.””

“A more apt title would be, “Turkey hosts invading Saudi and Qatari mercenary army.””

This confirms earlier reports featured in the New York Times and the Washington Post, that not only are the Gulf States of Saudi Arabia and Qatar funding and arming militants via Turkey, but that the US is coordinating the logistical aspects of the operation as well.

http://whatreallyhappened.com/node/180815

“I have to wonder just quite what those in the bowels of power in DC are willing to do next to insure Al-Assad’s fall.”

“Look for a really dramatic escalation of these efforts soon, because they don’t have time to wait before the economy crashes in advance of this upcoming election, and the Federal Government needs a war on which to blame the economy’s tanking, rather than on a series of horrific economic blunders.”

EUROPE

Happy Interventionists: The Economist’s Attack on Your Property

http://whiskeyandgunpowder.com/happy-interventionists-the-economists-attack-on-your-property/

“Last week, the Deutsches Institut für Wirtschaftsforschung (DIW), or German Institute for Economic Research, an influential think tank, proposed an ingenious solution to the Euro Zone debt crisis.”

“The German government should issue a Zwangsanleihe, a compulsory bond that every German with savings of €250,000 or more should be compelled to underwrite with 10 percent of his or her own money.”

“Didn’t economists once use to explain the importance of clearly delineated and legally protected private property, of free and voluntary exchange, and of true market prices? By explaining how capitalism works, these economists also demonstrated the limits and dangers of state interference. This is the reason those who rather put their faith in strong political leadership and governmental design than the spontaneous order of free markets called economics the ‘dismal science’ (We have Thomas Carlyle to thank for coining that phrase).”

If anyone tells you that we are a free people then you can point to something like this and tell them that we are slaves.

Greece’s Tsipras Calls For ‘Drachmatization’ Instead Of TROIKA “Longer Rope To Hang Ourselves”

http://www.zerohedge.com/news/greeces-tsipras-calls-drachmatization-instead-troika-longer-rope-hang-ourselves

“The elite-perpetuating status-quo-sustaining unreality is summed up perfectly as he notes the Greek finance minister is the definition of a finance minister that the TROIKA would have chosen. Germany’s Roesler adds a little fuel to the conflagration by adding that “for many experts,… a Greek exit from the eurozone has long since lost its horror.””

Greek Deposit Plunge Continues As Tax Inspection Finds Every Business On Zakynthos Broke The Law

http://www.zerohedge.com/news/greek-deposit-plunge-continues-tax-inspection-finds-every-business-zakynthos-broke-law

Eroding Social Justice in Spain

http://sjlendman.blogspot.com/2012/07/eroding-social-justice-in-spain.html

“Complicit parliamentarians go along. At issue is class warfare, transferring household wealth to bankers, other corporate predators, and privileged elites, eroding Spain’s middle class, and destroying a whole youth generation and perhaps others to come. More on this below.”

“They raged in 80 cities nationwide. They’re mad as hell and won’t take it anymore. The Guardian downplayed turnout. Possibly millions participated. Around 800,000 rallied in Madrid. Other major cities saw huge crowds.”

“Protesters include doctors, nurses, teachers, professors, students, cops, firemen, other civil servants of all stripes, unemployed and underemployed people in all age groups, and youths representing a lost generation being destroyed.”

“Prioritizing monied interests over popular needs assures the worst of what Conrad and Orwell conceived.”

“Spain gets $123 billion. It’s coming in several tranches through yearend. It’s a down payment on what’s needed. Expect hundreds of billions more before crisis conditions end. Major Spanish banks are insolvent. They’re drowning in toxic debt. It’s impossible to repay.”

“Instead of being nationalized, shut down, or broken up, bailouts hand them taxpayer money.”

An insolvency brought about by too much debt is being ‘fixed’ … by loading even more debt onto the taxpayer.

Does anyone understand the concept of unsustainable debt ?

Meanwhile the people are being thrown on the bonfire so the creditors don’t suffer a loss.

The sooner this madness ends the sooner I can stop sending these emails. What are any of you doing to help stop this madness ?

Eurogroup OKs Spanish Bank “Bailout” with ‘Fresh’ New Austerity Measures

http://sgtreport.com/2012/07/more-bankster-tyranny-eurogroup-oks-spanish-bank-bailout-with-fresh-new-austerity-measures/

“Spain Reacts: ‘Take Away People’s Homes & Food, Expect Violence’”

“Police charging against other police, protesting police. We saw them charging against fire men and women. We saw them charging against public sector workers and chasing them through the streets of Madrid.”

This has to end, creditors have to take their losses and the throwing of the people on the scrap heap must stop.

“Up to a million people out on the streets.”

Recent Euro Area Monetary Data – Hold On To Your Hat

http://www.brotherjohnf.com/archives/54012 READ MORE

See attached ‘Spain-Target-2.jpg’.

Spain Is Out Of Money In 40 Days

http://www.zerohedge.com/news/black-friday-blame-game-escalates-spain-out-money-40-days

Spain edges closer to disaster as the euro crisis spreads (and Greece is facing a 1930s-style depression)

http://www.dailymail.co.uk/news/article-2177563/Eurozone-crisis-Spain-edges-closer-disaster-euro-crisis-spreads.html

Lord Myners Calls For Full Glass Steagall

http://www.ukcolumn.org/article/lord-myners-calls-full-glass-steagall

“In an interview with Jon Snow on this evening’s Channel 4 News, Lord Myners called for full Glass Steagall legislation to deal with the corruption of the banks, a policy I have been demanding for years.”

There are some good people in public life and Lord Myners is one of them for making this call.

Top Muslim cleric Valiulla Yakupov shot dead in Russia’s Tatarstan province

http://post.jagran.com/top-muslim-cleric-valiulla-yakupov-shot-dead-in-russias-tatarstan-province-1342700178

Moscow: A top Muslim cleric in Russia’s Tatarstan province was shot dead and another wounded by a car bomb in two separate attacks apparently related to the priests’ criticism of radical Islamists, investigators said on Thursday.”

Acts Of Terror, A Catalyst for a Global War by a Faction of the British Empire

http://sgtreport.com/2012/07/acts-of-terror-a-catalyst-for-a-global-war-by-a-faction-of-the-british-empire/

7m50s “Prince Bandar bin sultan, the man whose bank accounts traces to the funding of 2 of 9-11 hijackers”

(Saudi’s new spy chief http://www.alarabiya.net/articles/2012/07/20/227478.html)

10m5s “… regarding LIBOR or London Inter-Bank Offered Rate”

There was no offer about this rate, it was a make believe rate.

People are using the word ‘conspiracy’ more and more often but not in the dismissive sense when used in conjunction with the word ‘theory’.

Danish politicians accuse Obama of terrorism

http://politiken.dk/newsinenglish/ECE1698596/politicians-accuse-obama-of-terrorism/

“Leading Danish politicians are heavily criticising President Barack Obama for his use of remote-controlled attack drones in Pakistan, Somalia and Yemen.”

“The governing Social Liberal Party’s Foreign Policy Spokesman Rasmus Helveg Petersen says the use of such drones is not worthy of a state professing the rule of law.”

Milky Protest: Farmers fight EU corporations with dairy demos

http://sgtreport.com/2012/07/milky-protest-farmers-fight-eu-corporations-with-dairy-demos/

“Europe’s dairy farmers are feeling the squeeze – they say big business is forcing milk prices down to below the cost of production. And they say they’re getting nowhere with their EU MPs, who they accuse of following the corporate herd.”

I read ‘below the cost of production’ with dread because this is the hallmark of manipulation and price fixing.

How can the market price of any product move below the cost of production ?

Because it is forced to through manipulation and price fixing.

Jim Sinclair: Entire Western World on Verge of Announcing Massive QE

http://www.silverdoctors.com/jim-sinclair-entire-western-world-may-announce-massive-qe-this-weekend/

Goldman Sachs: the bank that thought it ruled the world

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/7605996/Goldman-Sachs-the-bank-that-thought-it-ruled-the-world.html

“’Long-term greedy” was the phrase that Sidney Weinberg, Goldman Sachs’s legendary managing partner from the 1930s to the 1960s, used to describe the American investment bank’s overarching strategy. Such a pious mission statement from a corporate titan would make a modern audience balk. However the phrase neatly encapsulates the way that Goldman Sachs has operated over the past 80 years, a period in which it has risen from being a little-known, slightly scrubby broker to the world’s most profitable, powerful and controversial financial institution.”

“When Lloyd Blankfein, Goldman Sachs’s current chairman and chief executive, was caught saying last year that the bank was doing “God’s work”, the contrast between Goldman Sachs’s own view of its business and what the rest of the world thought of it was vividly demonstrated.”

JPMorgan pressed on emails in US energy prices probe

http://www.brotherjohnf.com/archives/53756

Yet more manipulation is being alleged.

Detlev Schlichter on the coming paper money collapse

http://www.brotherjohnf.com/archives/53883

“Author and former City investment manager Detlev Schlichter talks to the GoldMoney Foundation’s Dominic Frisby about the death of our current monetary system, and how countries like the USA and Britain are drifting towards currency crises.”

“As Detlev points out, current central bank policy is being driven by political expediency and the desire to avoid the kinds of tough fiscal measures that would be unpopular with electorates. He points out that money has become politicised, and that in this environment, central bankers find it next to impossible — if they want to keep their jobs — to resist the siren voices calling for more stimulus, easy money, and weaker currencies.”

“Dominic and Detlev discuss the possible social effects of runaway inflation, and how this could sadly lead to a rise in political extremism, and increasingly heavy-handed and draconian restrictions on political and financial freedom on the part of governments. Though he says that developed nations all over the world will be affected by currency turmoil, Detlev reserves particular comment for the state of the United Kingdom — his adopted home — noting that it is the most highly leveraged major economy in the world.”

Bankers Declare U.S. & Europe Conquered

http://www.infowars.com/bankers-declare-u-s-europe-conquered/

Keiser Report: Ponzi Overdose (E313)

http://sgtreport.com/2012/07/keiser-report-ponzi-overdose-e313/

“In this episode, Max Keiser and co-host, Stacy Herbert, discuss the naked crime wave resulting from an overdose of synthetic stimulants like quantitative easing, bailouts and low interest rates. In the second half of the show Max talks to Ian Fraser of IanFraser.org about the Li(e)bor scandal and other banking crime waves emerging from the City of London”

14m30s “1992 was a key date when there was the last ever criminal trial of high level bankers from the City of London which was the Blue Arrow trial. Three senior executives of a bank called County Nat West were given suspended sentences for rigging a rights issue and one stock broker who helped them from UBS Philips and Drew was also given a suspended sentence for rigging a rights issue. Now, the trouble was this didn’t go down well with the establishment so they engineered a court of appeal case in July 1992 where the sentences were quashed. And on the day of the quashing of the sentences a friend of mine was phoned by a contact of his in the SFO, Serious Fraud Office and the contact in the Serious Fraud Office basically said that a message has come down from high, there will never again

1 Comment (+add yours?)

  1. Trackback: Index for 2012 « paulthepaperbear

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