9/11 Truth | Cultural Marxism | Russiagate | Franklin Scandal Omaha | About | Search | Home |
Rothschild, Libor Fraud Connections
Trump Alt Right menu
|
Libor Fraud Scandal
|
Libor Fraud Scandal Connections to 1 %, War, Housing Meltdown, NDAA, Children Massacres, Zionism
|
Anti-Zionism is NOT Anti-semitism Pilgrim Society |
|
|||||||||||||||
|
|||||||||||||||
LIBOR lawsuits, homeowner, institution and governmental | |||||||||||||||
|
|||||||||||||||
PROGRESSIVE |
CONSERVATIVE |
CONSERVATIVE 1%* |
|||||||||||||
|
|
|
|
||||||||||||
Google Custom Search Engine ... Link 9/11 Truth, JFK assassination, Holocaust revision & ISIS ...... home
|
---|
MS Excel Sort & Filter 2000 rows, 12 columns Yes to 'no planes' and Israel nuked the WTC, Holocaust is a hoax and the Mossad / LBJ assassinated John Kennedy. |
Interactive Spreadsheet - 9/11 Truth, JFK assassination, Holocaust revision & ISIS | |
---|---|---|
A project of 9-11truth.org and NewsFollowUp.com |
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
1968 PinchukFund Exhibition "Shoah by Bullets" attended by Baron Eric de Rothschild and see the Board of Councilors: BOARD OF COUNCILORS Steven Spielberg Honorary Chair Edgar M. Bronfman Honorary Co-chair Renée Crown Honorary Co-chair Lew Wasserman Honorary Co-chair In Memoriam Wallis Annenberg Russel Bernard Gerald Breslauer Jerome Coben Stephen Cozen Susan Crown David Eisman Phyllis Epstein Emanuel Gerard Andrea Gordon Douglas Greenberg Eric Greenberg Yossie Hollander Robert Katz William Lauder Lee Liberman Skip Paul Bruce Ramer Harry Robinson Michael Rutman Jerry Speyer Erna Viterbi Casey Wasserman Harold Williams.
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Committee of 300 Abdullah II, King of Jordan Abramovich, Roman Ackermann, Josef Adeane, Edward Agius, Marcus Ahtisaari, Martti Akerson, Daniel Albert II, King of Belgium Alexander, Crown Prince of Yugoslavia Amato, Giuliano Anderson, Carl A. Andreotti, Giulio Andrew, Duke of York Anne, Princess Royal Anstee, Nick Ash, Timothy Garton Astor, William Waldorf Aven, Pyotr Balkenende, Jan Peter Ballmer, Steve Balls, Ed Barroso, José Manuel Beatrix, Queen of the Netherlands Belka, Marek Bergsten, C. Fred Berlusconi, Silvio Bernake, Ben Bernstein, Nils Berwick, Donald Bildt, Carl Bischoff, Sir Winfried Blair, Tony Blankfein, Lloyd Blavatnik, Leonard Bloomberg, Michael Bolkestein, Frits Bolkiah, Hassanal Bonello, Michael C Bonino, Emma Boren, David L. Borwin, Duke of Mecklenburg Bronfman, Charles Bronfman, Edgar Jr. Bruton, John Brzezinski, Zbigniew Budenberg, Robin Buffet, Warren Bush, George HW Cameron, David Camilla, Duchess of Cornwall Cardoso, Fernando Henrique Carington, Peter Carl XVI Gustaf, King of Sweden Carlos, Duke of Parma Carney, Mark Carroll, Cynthia Caruana, Jaime Castell, Sir William Chan, Anson Chan, Margaret Chan, Norman Charles, Prince of Wales Chartres, Richard Chiaie, Stefano Delle Chipman, Dr John Chodiev, Patokh Christoph, Prince of Schleswig-Holstein Cicchitto, Fabrizio Clark, Wesley Clarke, Kenneth Clegg, Nick Clinton, Bill Cohen, Abby Joseph Cohen, Ronald Cohn, Gary Colonna di Paliano, Marcantonio, Duke of Paliano Constantijn, Prince of the Netherlands Constantine II, King of Greece Cooksey, David Cowen, Brian Craven, Sir John Crockett, Andrew Dadush, Uri D’Aloisio, Tony Darling, Alistair Davies, Sir Howard Davignon, Étienne Davis, David de Rothschild, Benjamin de Rothschild, David René de Rothschild, Evelyn de Rothschild, Leopold Deiss, Joseph Deripaska, Oleg Dobson, Michael Draghi, Mario Du Plessis, Jan Dudley, William C. Duisenberg, Wim Edward, Duke of Kent Edward, Earl of Wessex Elizabeth II, Queen of the United Kingdom Elkann, John Emanuele, Vittorio, Prince of Naples Ernst August, Prince of Hanover Feldstein, Martin Festing, Matthew Fillon, François Fischer, Heinz Fischer, Joschka Fischer, Stanley FitzGerald, Niall Franz, Duke of Bavaria Fridman, Mikhail Friso, Prince of Orange-Nassau Gates, Bill Geidt, Christopher Geithner, Timothy Georg Friedrich, Prince of Prussia Gibson-Smith, Dr Chris Gorbachev, Mikhail Gore, Al Gotlieb, Allan Green, Stephen Greenspan, Alan Grosvenor, Gerald, 6th Duke of Westminster Gurría, José Ángel Hague, William Hampton, Sir Philip Hans-Adam II, Prince of Liechtenstein Harald V, King of Norway Harper, Stephen Heisbourg, François Henri, Grand Duke of Luxembourg Hildebrand, Philipp Hills, Carla Anderson Holbrooke, Richard Honohan, Patrick Howard, Alan Ibragimov, Alijan Ingves, Stefan Isaacson, Walter Juan Carlos, King of Spain Jacobs, Kenneth M. Julius, DeAnne Juncker, Jean-Claude Kenen, Peter Kerry, John King, Mervyn Kinnock, Glenys Kissinger, Henry Knight, Malcolm Koon, William H. II Krugman, Paul Kufuor, John Lajolo, Giovanni Lake, Anthony Lambert, Richard Lamy, Pascal Landau, Jean-Pierre Laurence, Timothy Leigh-Pemberton, James Leka, Crown Prince of Albania Leonard, Mark Levene, Peter Leviev, Lev Levitt, Arthur Levy, Michael Lieberman, Joe Livingston, Ian Loong, Lee Hsien Lorenz of Belgium, Archduke of Austria-Este Louis Alphonse, Duke of Anjou Louis-Dreyfus, Gérard Mabel, Princess of Orange-Nassau Mandelson, Peter Manning, Sir David Margherita, Archduchess of Austria-Este Margrethe II, Queen of Denmark Martínez, Guillermo Ortiz Mashkevitch, Alexander Massimo, Stefano, Prince of Roccasecca dei Volsci Massimo-Brancaccio, Fabrizio Prince of Arsoli and Triggiano McDonough, William Joseph McLarty, Mack Mersch, Yves Michael, Prince of Kent Michael, King of Romania Miliband, David Miliband, Ed Mittal, Lakshmi Moreno, Glen Moritz, Prince and Landgrave of Hesse-Kassel Murdoch, Rupert Napoléon, Charles Nasser, Jacques Niblett, Robin Nichols, Vincent Nicolás, Adolfo Noyer, Christian Ofer, Sammy Ogilvy, Alexandra, Lady Ogilvy Ogilvy, David, 13th Earl of Airlie Ollila, Jorma Oppenheimer, Nicky Osborne, George Oudea, Frederic Parker, Sir John Patten, Chris Pébereau, Michel Penny, Gareth Peres, Shimon Philip, Duke of Edinburgh Pio, Dom Duarte, Duke of Braganza Pöhl, Karl Otto Powell, Colin Prokhorov, Mikhail Quaden, Guy Rasmussen, Anders Fogh Ratzinger, Joseph Alois (Pope Benedict XVI) Reuben, David Reuben, Simon Rhodes, William R. Rice, Susan Richard, Duke of Gloucester Rifkind, Sir Malcolm Ritblat, Sir John Roach, Stephen S. Robinson, Mary Rockefeller, David Jr. Rockefeller, David Sr. Rockefeller, Nicholas Rodríguez, Javier Echevarría Rogoff, Kenneth Roth, Jean-Pierre Rothschild, Jacob Rubenstein, David Rubin, Robert Ruspoli, Francesco, 10th Prince of Cerveteri Safra, Joseph Safra, Moises Sands, Peter Sarkozy, Nicolas Sassoon, Isaac Sassoon, James Sawers, Sir Robert John Scardino, Marjorie Schwab, Klaus Schwarzenberg, Karel Schwarzman, Stephen A. Shapiro, Sidney Sheinwald, Nigel Sigismund, Grand Duke of Tuscany, Archduke of Austria Simeon of Saxe-Coburg and Gotha Snowe, Olympia Sofía, Queen of Spain Soros, George Specter, Arlen Stern, Ernest Stevenson, Dennis Steyer, Tom Stiglitz, Joseph Strauss-Kahn, Dominique Straw, Jack Sutherland, Peter Tanner, Mary Tedeschi, Ettore Gotti Thompson, Mark Thomson, Dr. James Tietmeyer, Hans Trichet, Jean-Claude Tucker, Paul Van Rompuy, Herman Vélez, Álvaro Uribe Verplaetse, Alfons Villiger, Kaspar Vladimirovna, Maria, Grand Duchess of Russia Volcker, Paul von Habsburg, Otto Waddaulah, Hassanal Bolkiah Mu’izzaddin, Sultan of Brunei Walker, Sir David Wallenberg, Jacob Walsh, John Warburg, Max Weber, Axel Alfred Weill, Michael David Wellink, Nout Whitman, Marina von Neumann Willem-Alexander, Prince of Orange William Prince of Wales Williams, Dr Rowan Williams, Shirley Wilson, David Wolfensohn, James Wolin, Neal S. Woolf, Harry Woolsey, R. James Jr. Worcester, Sir Robert Wu, Sarah Zoellick, Robert see also forum list |
Alain & Gerard Wertheimer, Alan Casden, Albert Gubay, Alec Gores, Alexander Abramov, Alexander Knaster, Alexander Mashkevich, Alexander Rovt, Alexander Shnaider, Alfred Mann, Alfred Taubman, Ami/Michael Federmann, Andy von Bechtolsheim, Anthony Pritzker, Arnon Milchan, Arthur Blank, Baron David Sainsbury, Barry Diller, Benny Steinmetz, Bernard Marcus, Bernard Sherman, Bernie Ecclestone, Boris Berezovsky, Bruce Kovner, Carl Berg, Carl Icahn, Charles Brandes, Charles Bronfman, Charles Koch, Charles Zegar, China/Hong Kong, Clive Calder, Daniel Abraham, Daniel Och, Daniel Pritzker, Daniel Snyder, Daniel Ziff, Daryl Katz, David & Simon Reuben, David Azrieli, David Bonderman, David Geffen, David Gottesman, David Koch, David Rubinstein, David Tepper, Dirk Ziff, Donald Bren, Donald Newhouse, Doris Fisher, Dorothea Steinbruch, Edgar Bronfman, Sr, Edmund Ansin, Eduard Shifrin, Edward Lampert, Eli Broad, Elie Horn, Eugene Shvidler, Frank Lowy, Gary Michelson, Gennadiy Bogolyubov, George Kaiser, George Lindemann, George Roberts, George Soros, German Khan, Germany, Glenn Dubin, Haim Saban, Harry Triguboff, Henry Kravis, Henry Samueli, Henry Swieca, Herbert Simon, Igor Kolomoysky, Ira Rennert, Irwin Jacobs, Isaac Perlmutter, Isak Andic, Israel Englander, James Pritzker, James Simons, Jay Robert Pritzker, Jean Pritzker, Jeffrey Greene, Jeffrey Lurie, Jeffrey Skoll, Jeremy Jacobs, Sr, Jerry Speyer, Jim Irsay, Joan Tisch, Joe Mansueto, John Fisher, John Gandel, John Morgridge, John Paulson, John Pritzker, John Sperling, Joseph Lewis, Joseph Safra, Joshua Harris, Karen Pritzker, Kenneth Fisher, Larry Ellison, Larry Page, Laurence Graff, Leon Black, Leon Charney, Leon Cooperman, Leonard Blavatnik, Leonard Lauder, Leonard Stern, Leonid Mikhelson, Leslie Wexner, Lester Crown, Lev Kvetnoi, Lev Leviev, Lily Safra, Linda Pritzker, Lloyd Dorfman, Lynn Schusterman, Malcolm Glazer, Marc Benioff, Marc Lasry, Marc Rich, Marc Rowan, Marcuise Alicia Koplowitz, Marcuise Esther Koplowitz, Mark Cuban, Mark Zuckerberg, Meg Whitman, Michael Bloomberg, Michael Dell, Michael Ilitch, Michael Krasny, Michael Milken, Michael Moritz, Michael Price, Micky Arison, Mikhail Fridman, Mitchell Rales, Moises Safra, Morris Kahn, Mortimer Zuckerman, Nancy Lerner, Nasser Khalili, Neil Bluhm, Nelson Peltz, Nicholas Pritzker, Nicky Oppenheimer, Nicolas Berggruen, Norma Lerner, Norman Braman, Paul Milstein, Penny Pritzker, Peter Aven, Peter Lewis, Peter Sperling, Philip Anschutz, Phillip Frost, Ralph Lauren, Randolph Lerner, Richard Desmond, Richard LeFrak, Robert Fisher, Robert Friedland, Robert Kraft, Robert Rich, Jr, Robert Ziff, Roman Abramovich, Ronald Baron, Ronald Burkle, Ronald Lauder, Ronald Perelman, Sam Zell, Sammy Ofer, Samuel Newhouse, Jr, Serge Dassault, Sergey Brin, Shari Arison, Sheldon Adelson, Sheldon Solow, Sidney Kimmel, Sir Michael Kadoorie, Sir Philip Green, Solomon Lew, Stanley Druckenmiller, Stef Wertheimer, Stephen Mandel, Jr, Stephen Ross, Stephen Schwarzman, Stephen Wynn, Steven Ballmer, Steven Cohen, Steven Rales, Steven Schonfeld, Steven Spielberg, Stewart Rahr, Sumner Redstone, Tamir Sapir, Theodore Lerner, Thomas Friedkin, Thomas Lee, Thomas Pritzker, Thomas Siebel, Tom Gores, United Kingdom, Victor Pinchuk, Victor Vekselberg, Vyacheslav Kantor, William Gross, William Koch, Wilma Tisch, Yitzhak Tshuva, |
The Meaning of Libor-gate by PAUL CRAIG ROBERTS |
The Meaning of Libor-gate by PAUL CRAIG ROBERTS The price of
Treasury bonds is supported by the Federal Reserve’s large purchases.
The Federal Reserve’s purchases are often misread as demand arising from
a “flight to quality” due to concern about the EU sovereign debt problem
and possible failure of the euro.
Another rationale used to explain the demand for Treasuries despite their negative yield is the “flight to safety.” A 2% yield on a Treasury bond is less of a negative interest rate than the yield of a few basis points on a bank CD, and the US government, unlike banks, can use its central bank to print the money to pay off its debts. It is possible that some investors purchase Treasuries for these reasons. However, the “safety” and “flight to quality” explanations could not exist if interest rates were rising or were expected to rise. The Federal Reserve prevents the rise in interest rates and decline in bond prices, which normally result from continually issuing new debt in enormous quantities at negative interest rates, by announcing that it has a low interest rate policy and will purchase bonds to keep bond prices high. Without this Fed policy, there could be no flight to safety or quality. It is the prospect of ever lower interest rates that causes investors to purchase bonds that do not pay a real rate of interest. Bond purchasers make up for the negative interest rate by the rise in price in the bonds caused by the next round of low interest rates. As the Federal Reserve and the banks drive down the interest rate, the issued bonds rise in value, and their purchasers enjoy capital gains. As the Federal Reserve and the Bank of England are themselves fixing interest rates at historic lows in order to mask the insolvency of their respective banking systems, they naturally do not object that the banks themselves contribute to the success of this policy by fixing the LIbor rate and by selling massive amounts of interest rate swaps, a way of shorting interest rates and driving them down or preventing them from rising. The lower is Libor, the higher is the price or evaluations of floating-rate debt instruments, such as CDOs, and thus the stronger the banks’ balance sheets appear. Does this mean that the US and UK financial systems can only be kept afloat by fraud that harms purchasers of interest rate swaps, which include municipalities advised by sellers of interest rate swaps, and those with saving accounts? The answer is yes, but the Libor scandal is only a small part of the interest rate rigging scandal. The Federal Reserve itself has been rigging interest rates. How else could debt issued in profusion be bearing negative interest rates? As villainous as they might be, Barclays bank chief executive Bob Diamond, Jamie Dimon of JP Morgan, and Lloyd Blankfein of Goldman Sachs are not the main villains. The main villains are former Treasury Secretary and Goldman Sachs chairman Robert Rubin, who pushed Congress for the repeal of the Glass-Steagall Act, and the sponsors of the Gramm-Leach-Bliley bill, which repealed the Glass-Steagall Act. Glass-Steagall was put in place in 1933 in order to prevent the kind of financial excesses that produced the current ongoing financial crisis. President Clinton’s Treasury Secretary, Robert Rubin, presented the removal of all constraints on financial chicanery as “financial modernization.” Taking restraints off of banks was part of the hubristic response to “the end of history.” Capitalism had won the struggle with socialism and communism. Vindicated capitalism no longer needed its concessions to social welfare and regulation that capitalism used in order to compete with socialism. The constraints on capitalism could now be thrown off, because markets were self-regulating as Federal Reserve chairman Alan Greenspan, among many, declared. It was financial deregulation–the repeal of Glass-Steagall, the removal of limits on debt leverage, the absence of regulation of OTC derivatives, the removal of limits on speculative positions in future markets–that caused the ongoing financial crisis. No doubt but that JP Morgan, Goldman Sachs and others were after maximum profits by hook or crook, but their opportunity came from the neoconservative triumphalism of “democratic capitalism’s” historical victory over alternative socio-politico-economic systems. The ongoing crisis cannot be addressed without restoring the laws and regulations that were repealed and discarded. But putting Humpty-Dumpty back together again is an enormous task full of its own perils. The financial concentration that deregulation fostered has left us with broken financial institutions that are too big to fail. To understand the fullness of the problem, consider the law suits that are expected to be filed against the banks that fixed the Libor rate by those who were harmed by the fraud. Some are saying that as the fraud was known by the central banks and not reported, that the Federal Reserve and the Bank of England should be indicted for their participation in the fraud. What follows is not an apology for fraud. It merely describes consequences of holding those responsible accountable. Imagine the Federal reserve called before Congress or the Department of Justice to answer why it did not report on the fraud perpetrated by private banks, fraud that was supporting the Federal Reserve’s own rigging of interest rates (and the same in the UK.) The Federal reserve will reply: “So, you want us to let interest rates go up? Are you prepared to come up with the money to bail out the FDIC-insured depositors of JPMorganChase, Bank of America, Citibank, Wells Fargo, etc.? Are you prepared for US Treasury prices to collapse, wiping out bond funds and the remaining wealth in the US and driving up interest rates, making the interest rate on new federal debt necessary to finance the huge budget deficits impossible to pay, and finishing off what is left of the real estate market? Are you prepared to take responsibility, you who deregulated the financial system, for this economic armageddon? Obviously, the politicians will say NO, continue with the fraud. The harm to people from collapse far exceeds the harm in lost interest from fixing the low interest rates in order to forestall collapse. The Federal Reserve will say that we are doing our best to create profits for the banks that will permit us eventually to unwind the fraud and return to normal. Congress will see no better alternative to this. But the question remains: How long can the regime of negative interest rates continue while debt explodes upward? Currently, everyone in the US who counts and most who don’t have an interest in holding off armageddon. No one wants to tip over the boat. If the banks are sued for damages and lack the money to pay, the Federal Reserve can create the money for the banks to pay. If the collapse of the system does not result from scandals, it will come from outside. The dollar is the world reserve currency. This means that the dollar’s exchange value is boosted, despite the dismal economic outlook in the US, by the fact that, as the currency for settling international accounts, there is international demand for the dollar. Country A settles its trade deficit with country B in dollars; country B settles its account with country C in dollars; and so on throughout the countries of the world. For whatever the reason–perhaps to curtail their accumulation of suspect dollars or to bring Washington’s power to an end–the BRICS countries, Brazil, Russia, India, China, and South Africa, are agreeing to settle their trade between themselves in their own currencies, thus abandoning the use of the dollar. According to reports, China and Japan have reached agreement to settle their trade between themselves in their own currencies. The moves away from the dollar as the currency of international transactions means that the dollar’s exchange value will fall as the demand for dollars falls. Whereas the Federal Reserve can create dollars with which to purchase the Treasury’s debt, thus preventing a fall in bond prices, the Federal Reserve cannot prop up the dollar’s exchange value by creating more dollars with which to purchase dollars. Dollars would have to be taken off the foreign exchange market by purchasing them with other currencies, but in order to have these currencies the US would have to be running a trade surplus, not a long-term trade deficit. In the short-run, the Federal Reserve could arrange currency swap agreements in which foreign central banks swap their currencies for dollars in order to supply the Federal Reserve with currencies with which to soak up dollars. However, only a limited number of swaps could be negotiated before foreign central banks understood that the dollar’s fall in value was not a temporary event that could be propped up with currency swaps. As the value of the dollar will fall as countries move away from its use as reserve currency, the values of dollar-denominated assets also will fall. The Federal Reserve, even with full cooperation from the banking system employing every fraud technique known, cannot prevent interest rates from rising on debt instruments denominated in a currency whose value is falling. Think about it this way. A person, fund, or institution owns bonds or any debt instruments carrying a negative rate of interest, but continues to hold the instruments because interest rates, despite the increase in debt, are creeping down, raising bond prices and producing capital gains in the bonds. What happens when the exchange value of the currency in which the debt instruments are denominated falls? Can the price of the bond stay high even though the value of the currency in which the bond is denominated falls? The drop in the exchange value of the currency hits the bond price in a second way. The price of imports rise, and this pushes up prices. The inflation measures will show higher inflation. How long will people hold debt instruments paying negative interest rates as inflation rises? Perhaps there are historical cases in which bond prices continue to rise indefinitely (or even hold firm) as inflation rises, but I have never heard of them. As the Federal Reserve can create money, theoretically the Federal Reserve’s prop-up schemes could continue until the Federal Reserve owns all dollar-denominated financial assets. To cover the holes in its own balance sheet, the Federal Reserve could just print more money. Some suspect that the Federal Reserve, in order to forestall a declining dollar and thus declining prices of dollar-denominated financial instruments, is behind the sales of naked shorts every time demand for physical bullion drives up the price of gold and silver. The short sales–paper sales–cancel the impact on price of the increased demand for bullion. Some also believe that they see the Federal Reserve’s hand in the stock market. One day stocks fall 200 points. The next day stocks rise 200 points. This up and down pattern has been ongoing for a long time. One possible explanation is that as wary investors sell their equity holdings, the Federal Reserve, or the “plunge protection team,” steps in and buys. Just as the “terrorist threat” was used to destroy the laws that protect US civil liberty, the financial crisis has resulted in the Federal Reserve moving far outside its charter and normal operating behavior. To sum up, what has happened is that irresponsible and thoughtless–in fact, ideological–deregulation of the financial sector has caused a financial crisis that can only be managed by fraud. Civil damages might be paid, but to halt the fraud itself would mean the collapse of the financial system. Those in charge of the system would prefer the collapse to come from outside, such as from a collapse in the value of the dollar that could be blamed on foreigners, because an outside cause gives them something to blame other than themselves. Paul Craig Roberts is a former Assistant Secretary of the US Treasury and Associate Editor of the Wall Street Journal. His latest book, Wirtschaft am Abgrund (Economies In Collapse) has just been published. |
|
Spire Law $43 Trillion Law Suit go to main research page |
by corp & lobbies Archive Final report of the Select Subcommittee to Investigate the United States Role in Iranian Arms Transfers to Croatia and Bosnia ("the Iranian Green Light Subcommittee"), with minority views : report prepared for the Committee on International Relations, U.S. House of Representatives (1997) Examiner caused enough of a furor that Timothy Geithner, and Eric Holder, and Hillary Clinton, all just jumped ship, and I will predict, a whole lot of other Obama administration officials, especially at the Treasury and the Fed, are also going to jump ship." Institute for War and Peace Reporting Independent news from Iraq, Afghanistan, Balkans, Belarus, Caucasus, Central Asia and Yogoslav War Crimes Tribunal. Religioius Tolerance.org About.com Spire Law & News AP Kosovo split — new Cold War with Russia? CNBC . Kevin Krim, a member of the CNBC family has suffered an incomprehensible loss. In a statement to staff members, CNBC President Mark Hoffman said, "There are no words to convey the magnitude of this tragedy." CNBC's Carl Quintanilla reports and Lululeofund.org International Relations and Security Network ISN, Swiss contribution to 'Partnership for Peace' Partnership for Peace defence cooperation, code words, Interfax on Russia, CIS, Baltic countries PRNewswire NEW YORK, Oct. 25, 2012 /PRNewswire/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests. In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) – involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver – Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation): Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geithner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former "communications director" for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the "Banksters" themselves, and their affiliates and conduits. The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws. In the District Court lawsuit, Spire Law Group, LLP -- on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws -- has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the "Banksters" and their co-conspirators, seeking an audit of the Fed and audits of all the "bailout programs" by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other "bailout money" advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the "Banksters" criminally, and indeed is actively borrowing monies for Mr. Obama's campaign from these same "Banksters" to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the "Bankster" Defendants. The complaint – which has now been fully served on thousands of the "Banksters and their Co-Conspirators" – makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very "Banksters" located there who have repeatedly asked in the past to be "bailed out" and to be "bailed out" in the future. The Havens for the money laundering schemes – and certain of the names and places of these entities – are located in such venues as Switzerland, the Isle of Man, Luxembourg, Malaysia, Cypress and entities controlled by governments adverse to the interests of the United States Sanctions and Embargo Act against Iran, and are also identified in both the United Nations and the U.S. Senate's recent reports on international money laundering. Many of these entities have already been personally served with summons and process of the complaint during the last six months. It is now beyond dispute that, while the Obama Administration was publicly encouraging loan modifications for home owners by "Banksters", it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole trillions of dollars of home owners' and taxpayers' money during the last decade and then laundered it through offshore companies. This District Court Complaint – maintained by Spire Law Group, LLP -- is the only lawsuit in the world listing as Defendants the Banksters, let alone serving all of such Banksters with legal process and therefore forcing them to finally answer the charges in court. Neither the Securities and Exchange Commission, nor the Federal Deposit Insurance Corporation, nor the Office of the Attorney General, nor any State Attorney General has sued the Banksters and thereby legally chased them worldwide to recover-back the $43 trillion ($43,000,000,000,000.00) and other lawful damages, injunctive relief and other legal remedies. James N. Fiedler, Managing Partner of Spire Law Group, LLP, stated: "It is hard for me to believe as a 47-year lawyer that our nation's guardians have been unwilling to stop this theft. Spire Law Group, LLP stands for the elimination of corruption and implementation of lawful strategies, and that is what we're doing here. Spire Law Group, LLP's charter is to not allow such corruption to go unanswered." Comments were requested from the Attorney Generals' offices in NY, CA, NV, NH , OH, MA and the White House, but no comment was provided. |
WMR Aurora massacre: several links between James Holmes and U.S. government research |
July 23-24, 2012 -- Aurora massacre: several links between James Holmes and U.S. government research James Holmes, the 24-year old suspect in the mass shooting of Batman "The Dark Knight Rises" movie goers in Aurora, Colorado that left 12 people dead and 58 injured, has had a number of links to U.S. government-funded research centers. Holmes's past association with government research projects has prompted police and federal law enforcement officials to order laboratories and schools with which Holmes has had a past association not to talk to the press about Holmes. Holmes was one of six recipients of a National Institutes of Health Neuroscience Training Grant at the University of Colorado Anschutz Medical Campus in Denver. Holme is a graduate of the University of California at Riverside with a Bachelor of Science degree in neuroscience. Although Holmes dropped out of the PhD neuroscience program at Anschutz in June, police evacuated two buildings at the Anschutz center after the massacre at the Aurora movie theater. Holmes reportedly gave a presentation at the Anschutz campus in May on Micro DNA Biomarkers in a class titled "Biological Basis of Psychiatric and Neurological Disorders." Initial reports of Holmes having an accomplice in the theater shooting have been discounted by the Aurora police. However, no explanation has been given by police why the Anschutz campus buildings were evacuated after Holmes was already in custody in the Arapahoe County jail. The Anschutz Medical Campus is on the recently de-commisioned site of the U.S. Army's Fitzsimons Army Medical Center and is named after Philip Anschutz, the billionaire Christian fundamentalist oil and railroad tycoon who also owns The Examiner newspaper chain and website and the neo-conservative Weekly Standard. The Anschutz Medical Campus was built by a $91 million grant from the Anschutz Foundation. In 2006, at the age of 18, Holmes served as a research intern at the Salk Institute at the University of California at San Diego in La Jolla. It is noteworthy that for the previous two years before Holmes worked at the Salk Institute, the research center was partnered with the Defense Advance Research Projects Agency (DARPA), Columbia University, University of California at San Francisco, University of Wisconsin at Madison, Wake Forest University, and the Mars Company (the manufacturers of Milky Way and Snickers bars) to prevent fatigue in combat troops through the enhanced use of epicatechina, a blood flow-increasing and blood vessel-dilating anti-oxidant flavanol found in cocoa and, particularly, in dark chocolate. The research was part of a larger DARPA program known as the "Peak Soldier Performance Program," which involved creating brain-machine interfaces for battlefield use, including human-robotic bionics for legs, arms, and eyes. DARPA works closely with the Defense Science Office on projects that include the medical research community. Fitzsimons was at the forefront of DARPA research on the use of brain-connected "neuroprosthetic" limbs fors oldiers amputated or paralyzed in combat. According to his LinkedIn profile, James Holmes's father, Dr. Robert Holmes, who received a PhD in Statistics in 1981 from the University of California at Berkeley, worked for San Diego-based HNC Software, Inc. from 2000 to 2002. HNC, known as a "neural network" company, and DARPA, beginning in 1998, have worked on developing "cortronic neural networks," which would allow machines to interpret aural and visual stimuli to think like humans. The cortronic concept was developed by HNC Software's chief scientist and co-founder, Robert Hecht-Nielsen. HNC merged with the Minneapolis-based Fair Isaac Corporation (FICO), a computer analysis and decision-making company. Robert Holmes continues to work at FICO. It has also emerged that Holmes, when he was 20, worked as a camp counselor at Camp Max Straus of the Jewish Big Brothers and Sister of Los Angeles. According to the Jewish Journal, among other tasks, Holmes helped to teach boys between the ages of 7 to 10 archery. In another unusual detail, the car Holmes used to drive to the Aurora movie theater had Tennessee plates. Holmes is originally from San Diego. James Holmes is the grandson of Lt. Col. Robert Holmes, one of the first Turkish language graduates of the Army Language School, later the Defense Language Institute, in Monterey, California. Graduating from the Turkish language class in 1948, Holmes spent a career in the Army, which likely included more than a few intelligence-related assignments. Typically, U.S. military officers conversant in Turkish served with either the Defense Intelligence Agency or the Central Intelligence Agency at either the U.S. embassy in Ankara or the Consulate General in Istanbul, or both. Terrence Sejnowski, the Francis Crick Professor at the Salk Institute for Biological Studies and the director of the Computational Neurobiology Laboratory, in an interview with Cognitive Science Online in 2008, had the following comment about recent studies of the human brain: "Alan Newell [cognitive psychology researcher at the intelligence community-linked RAND Corporation] once said that when AI [artificial intelligence] was founded not enough was known about the brain to be of any help and in the early 1980s, symbol processing was the only game in town. That has changed and we now know a lot about the brain, perhaps more than we need to know [emphasis added]." More than we need to know! The links between the younger and elder Holmes and U.S. government research on creating super-soldiers, human brain-machine interfaces, and human-like robots beg the question: "Was James Holmes engaged in a real-life Jason Bourne TREADSTONE project that broke down and resulted in deadly consequences in Aurora, Colorado?" In any event, if the Batman movies are now serving as a newer version of J.D. Salinger's "Catcher in the Rye" subliminal messaging triggering mechanism, -- Salinger's novel was of interest to a number of American political assassins -- keep in mind that August 10 is the opening date of The Bourne Legacy. It may be wise to skip that film in the theater for a while. |
GA |