United States Government ”IS” 666 G7 Zenith 2016 Phoenix Express Hiroshima NWO Manhattan 911 WMD Project NOW!
The Secret World of Gold, which was set to release whistle-blower testimony on gold & silver manipulation. While the CBC’s legal department (or a highly placed phone call by Blythe and Jamie) resulted in the omission of the whistle-blowing testimony, the documentary does include interviews of Eric Sprott and Andrew Maguire, and makes the case that the gold market may not be what the MSM & western central banks would have the public believe.
When I see somebody celebrating with a £1,000 bottle of champagne and they’re high-fiving each other because they took the price of silver down, on the other side of that are real people, with real lives. What set me off was the realization that when you manipulate the price of a commodity of silver, gold, corn, oil, or whatever it might be, it has a real world impact. (In 2008) entire communities lost their jobs, and in some instances, there were suicides. And that really, really got to me, and I thought something has to be done here! -Andrew Maguire.
If the AngloZionist ‘deep state’ is really delusional enough to trigger a war with Russia, in Europe or elsewhere, the narcissistic and hedonistic West, drunk on its own propaganda and hubris, will discover a level of violence and warfare it cannot even imagine and if that only affected those responsible for these reckless and suicidal policies it would be great. But the problem is, of course, that many millions of us, simple, regular people, will suffer and die as a consequence of our collective failure to prevent that outcome. I hope and pray that my repeated warnings will at least contribute to what I hope is a growing realization that this folly has to be immediately stopped and that sanity must return to politics.
NOTE: The author in the article above is merely expressing the prophetic reality of the tribulation era which is now ready to begin playing out upon this terminal generation. There is no stopping it. The blindness of the author is typical, and can be directly exposed by asking the question ”who is it that tempted man, and for what purpose?”. It is possible to raise a child from the dead. It is not possible to raise the image of a man marked by the name and number of the beast sealed in agreement with the Antichrist.
The war against humanity is before you, to your left and to your right, behind you and below you. It is not for any Saint of our Father in Christ to defend any nation, for they all have consumed the same prophetic maddening wine of wrath. It is written, from the north comes a force with hooks in it’s jaws. The tribulation era description declares the spirit of reluctance, but the terrible fact of the war against humanity is that The Saints of our Father in Christ are overcome among all nations.
Stand fast, do no harm, labor the last harvest. Endure just a little while longer. Don’t allow; the blindness of men, the evil of the wicked, the sorrow of children, to over come you with the passion of vengeance. Stand fast in defense, remain resolute and quick.
When the seal is broken, you will know it. Do not hesitate, follow the Holy Spirit of our Father in Christ. When humanity falls before you, fear not for having defended life against the Antichrist spirit seeking to devour, if possible, all flesh.
The Antichrist Saudi’s have accused the United States Government for the downing of the Twin Towers. President Putin is reported that he will release secret Satellite footage that proves 9/11 was an inside job. If this information proves o be true it may be to much risk for the US and force them to take action in a First Strike on Russia
Scaramella-Berezovsky link to World Trade Center security firm emerges in Italian law enforcement investigation.
Mario Scaramella, the Italian interlocutor for the poisoned Alexander Litvinenko and Russian-Israeli media/mobster tycoon Boris Berezovsky, is now under investigation by prosecutors in Rome, Naples, and Bologna for international arms smuggling, divulging official judicial secrets, conspiracy, international trafficking in radioactive materials, and the dumping of hazardous waste through unauthorized third parties. Scaramella was arrested last month by Italian police and his offices have been searched by police several times.
The Italian media is reporting on transcripts of phone conversations between Scaramella and two former U.S. intelligence officers. One conversation, reported in La Repubblica, is a January 25, 2006 conversation between Scaramella and a mysterious ex-CIA agent from California who uses the name “Perry.”
In the conversation, Scaramella stresses to Perry that his activities are not “just my activity, but the activity of the organization.’ It is becoming clear that the “organization” to which Scaramella is referring is a private and global intelligence organization involving former members of the KGB and Russian Federal Security Bureau (like Litvinenko), private military and intelligence companies, and ex-CIA and British intelligence officers.
Scaramella discussed the political dirty “trick”
they are preparing for Italian center-left leader Romano Prodi and it is clear from the conversation that Perry gives Scaramella his orders, though politely. When Scaramella goes into a tangent on his international activities, Perry merely replies, ‘You must work on the Italian politics.’ When Scaramella presents a list of the possible future options open to him, Perry very curtly suggests, “You could be part of the cabinet of the minister.” But Scaramella is pessimistic when he states, “most probably Prodi will win, even if we will launch our attack”
The “attack” is key to the conversation. WMR was the first media outlet to suggest that the Scaramella-Litvinenko affair was a dirty bomb plot gone bad and that the intelligence services of Russian President Vladimir Putin may have actually derailed the plot.
Scaramella relates to Perry his conversation with then-Prime Minister Silvio Berlusconi, in which he asked the right-wing and now-indicted politician for a job, preferably at NATO or the United Nations. Scaramella claims that he was first offered a seat in the Italian parliament but declined because he feared a rough political campaign against him after he had made public his “KGB claims” against Prodi and that he “preferred a post outside Italy in an international organization.”
The Italian paper Corriere della Sera is also reporting on a telephone conversation between Scaramella and Paolo Guzzanti, the Miktrokhin Committee’s chairman on 28 January 2006, three days after the phone conversation between Perry and Scaramella that Romani Prodi was “cultivated by the KGB” and cited ex-KGB Colonel Oleg Gordievsky as his source. Guzzanti responds, “in that case he is our man?” “Yes,” replies Scaramella’s.” “That’s enough. I don’t want to know anything else”, Guzzanti replies.
It has also been revealed that while talking to Perry, Scaramella declared that had obtained taped testimony against Prodi from Gordievski and that the testimony was given in the presence of “Lou Palumbo,” who has now been identified as a 22-year veteran of the CIA. Gordievski, who is under the protection of the British intelligence services, has since denounced Scaramella as a fraud. It is also clear that Scaramella’s mission was to seek out prominent Russian exiles and defectors in order to trick them into brining false charges against leftist politicians like Prodi.
Previously, WMR reported that Scaramella was linked by Italian investigators to Filippo Marino, who is involved in the security business and founded the Special Research Monitoring Center (SRMC), claims he was a member of the elite Italian Army 131st Regiment and member of an Italian law enforcement organized crime task force targeting the mob in Naples. One of Marino’s companies, Securitydirector LLC, is registered at P.O. Box 190487, Miami Beach, FL 33119-0487. According to La Stampa, a link has now been discovered between Marino and Hallandale, Florida-based Incident Management Group (IMG). Marino has been a senior consultant for IMG, according to La Stampa. IMG’s Managing Partner is none other than Louis F. Palumbo, Scaramella’s task master in the reported attempt to tarnish Prodi. Palumbo’s bio at the IMG website states that in 1977, he founded the security consulting firm Ackerman & Palumbo. The Association of Former Intelligence Officers (AFIO) lists a Louis F. Palumbo at 7980 N. Biscayne Point Cir., Miami Beach, FL 33141.
Palumbo’s partners at IMG include Daniel Donohue, a former CIA clandestine services agent in Southeast Asia and India; Harley Stock, a “forensic hypnosis” expert with the FBI and US Secret Service; and, perhaps most intriguingly, Christopher Hagon, a 21-year veteran of the London Metropolitan Police or “Scotland Yard.”
Hagon told La Stampa that Marino did work as a consultant for IMG as a consultant. In fact, IMG’s consultant profiles list Marino as:
“FILIPPO MARINO, SENIOR CONSULTANT, has 10 years of international experience in the areas of security and environmental crime prevention. Marino has worked on a variety of security-related assignments ranging from investigative support of judicial authorities to personal awareness training and private consulting worldwide. He is one of the founders of Special Research Monitoring Center (SRMC) and a founding member of the Permanent Intergovernmental Conference for Environmental Crime Prevention. He is currently Director of Security & Operations, for the SRMC. Marino served as an officer of the prestigious 131st Regiment of the Italian Army, and is an inspector for a law-enforcement, environmental task force against organized crime in Naples, Italy. He holds a magna cum laude B. A. in Behavioral Sciences from San Jose State University, and has obtained multiple certifications in security and protection services. He speaks fluent Italian and German.”
Note that Marino’s links to Scaramella’s ECPP is also cited above. Also of interest is the listing of a Curtis Perry as an IMG consultant:
“CURTIS PERRY, SENIOR CONSULTANT, has 27 years experience in government and private sector security. He served for ten years in the CIA and was stationed throughout the Far East. Mr. Perry is fluent in several Chinese dialects and has access to numerous government agencies in the Philippines and throughout Southeast Asia. Previously he was employed as a Senior Consultant by the security firm of Ackerman & Palumbo and was a Managing Director for Kroll Associates in Manila from 1992 -1996. Mr. Perry has undertaken numerous investigations for Corporate America including those involving kidnappings, extortions and product contaminations in the Far East and Australia.”
Another IMG consultant is Robert Wager, whose bio claims he manages security for the US Embassy in Bogota, Colombia. Scaramella claims to have also worked in Bogota. The bio of another IMG consultant, Ned Timmons, states, “for two years Timmons directed an international import/export corporation operating undercover in Colombia, Venezuela, Peru and Central America [and] … He currently serves as a consultant to the U.S. and Cayman Governments on drug trafficking matters.” There is yet another Colombian link, “John Stabler, Senior Consultant, has 17 years experience in security management and consulting profession, with 13 years of specialization in Colombia. He has designed security for plantations, mines, pipelines, piers and airfields in hostile locations in Colombia, Panama, Ecuador and Chile.”
Also of interest is another “environmental” link that ties the various Scaramella-Litvinenko players under the cover of an international environmental network. An SEC EDGAR search revealed a stockholders’ agreement between Harrison-Kroll Environmental Services, Inc. of Louisiana and Palumbo Partners, a Delaware corporation dated December 31, 1992. A Google search also revealed that former Secret Service Presidential Protective Division agent Jim Holt served as Training Director for Ackerman & Palumbo and was “one of the original directors and consultant partners with Palumbo Partners, Inc., Miami.” An office of Harrison-Kroll Environmental Services is listed at 300 S. Grand Avenue, Suite 1300, Los Angeles, CA 90071.
Kroll Associates is an enigmatic “security services” company which has close links to the CIA. Not only is Kroll active in private military contracting in Iraq but it has long been associated with dubious U.S. intelligence activities at home and abroad. According to a knowledgeable source, Jules Kroll, who founded Kroll Associates in 1972, obtained needed funding for his firm from Foothill Capital in the 1980s. Foothill was deeply enmeshed in the Savings & Loan collapses in the 1980s but salvaged itself to become a part of Wells Fargo Bank. Kroll, who helped Curtis Publishing (renamed Cadence Industries after a merger) cut waste in the 1970s (and pilfer the company’s pension fund in the process), got his first big break when he helped locate the stolen millions of Philippine ex-President Ferdinand Marcos (he would later go after the off-shore bank accounts of Haiti’s Jean-Claude Duvalier and Iraq’s Saddam Hussein).
According to our well-placed source, Ray Steffans (aka diStefano of New Jersey), Jewish mobster Gideon Chern, and Eddie Baker of Vanguard Petroleum met in Houston in September 1983 to discuss, among other items, funding for Kroll. In December 1977, Bernard Taubenfeld, Gideon Chern and Shalom Goldburd, officials of B’nai Torah Institute affiliate, Nutrition for Youth, were convicted of defrauding the government by submitting bills for food that was never served to poor children in the New York City summer lunch program. Chern’s other organized crime activity in the 1980s reportedly had an important protector — former US Attorney for the Southern District of New York Rudolph Giuliani. The former New York Mayor and prospective GOP presidential candidate reportedly suppressed a wealth of evidence against Chern.
Litvinenko-Scaramella case now linked to World Trade Center security firm.
Two days after the Houston meeting, a Jaguar supposedly with the body of Baker in it was found charred outside of Houston. A fire investigator later revealed that no body was found in the car at the time of the fire. Kroll, after Enron’s bankruptcy, purchased Zolfo-Cooper, and thus owned Zolfo-Cooper’s Steven Cooper, the attorney appointed by New York bankruptcy Judge Arthur Gonzalez to run Enron in bankruptcy. In July 2004, Marsh-McLennan bought Kroll and Associates. Marsh-McLennan is run by Jeffrey Greenberg, son of Maurice (Hank) Greenberg of AIG. Funny, since Chase and Citibank notes from Kenneth Lay/Enron were purchased in May 2001 by AIG and the MacArthur Foundation.
Kroll was responsible for the security of the World Trade Center on 9/11, The firm had hired FBI top counter-terrorism agent John O’Neill as Director of World Trade Center security upon his retirement from the FBI. O’Neill dies in the 9/11 attacks. Kroll also markets Identity Theft Shield, the first time Kroll has offered its services to individuals as opposed to governments and companies. As of June 30, 2006, Kroll had amassed over 560,000 customers for its Identity Theft Shield program.
The Chern link brings us back to the Russian-Israeli Mafia connections of Scaramella and company. Berezovsky’s friend, former Yukos co-owner Leonid Nevzlin, a Russian-Jewish oligarch and former President of the Russian Jewish Congress who now lives in Tel Aviv and is wanted by Russia for tax evasion and corruption. As the Democrats prepare to assume control of Congress, Nevzlin is now in the United States, protected by the FBI from arrest based on Russian and Interpol arrest warrants. This is not Nezvlin’s first visit to the United States. In the summer of 2005 he appeared before the US Congress’ Helsinki Committee to criticize the government of Vladimir Putin. Nevzlin’s sponsors were incoming House International Relations Committee chairman Tom Lantos (D-CA) and New Jersey Rep. Chris Smith. Nevzlin used the hearing to argue for the expulsion of Russia from the G-8. Another Nevzlin supporter is Arizona Republican Senator John McCain, another prospective GOP presidential candidate.
In a further example of the dubious activities of the Arlington, Virginia-based Fellowship Foundation, dubbed the “Christian Mafia” by many local residents, two of Nevzlin’s wanted Yukos fellow shareholders, oligarchs Mikhail Brudno and Vladimir Dubov, who were indicted in Russia on charges similar to those brought against jailed Yukos former chairman Mikhail Khodorkovsky, were invited the have breakfast with President George W. Bush at the February 5, 2005 “National Prayer Breakfast.”
The annual Prayer Breakfast contrivance of the Fellowship Foundation is a ruse designed to provide a series of top level intelligence and organized crime meetings under the sanctioning smile of “Jesus.” The person who invited Brudno, Dubov, and the jailed Khodorkovsky to the prayer breakfast was Lantos, whose wife, daughter, and son-in-law are devout Mormons. Brudno and Dubov, citizens of Israel, were assured by the FBI that it would ignore the Interpol and Russian arrest warrants, just as the FBI is ignoring the arrest warrant for Nevzlin, who is now in the United States, most likely with the acquiescence of Lantos. Lantos, who has his own connections with mob-run unions operating at San Francisco International Airport, does not seem to mind the fact that Nevzlin has been under investigation by Israeli police for illegally laundering $500 million through a Tel Aviv branch of Bank Hapoalim, Israel’s largest bank.
Nevzlin also took over assets of Khodorkovsky’s collapsed bank, Menatep, which was also linked to money laundering involving the Bank of New York. Former Soviet President Mikhail Gorbachev supports Putin’s attempt to bring the Russian-Israeli oligarchs to justice. He told Britain’s Sunday Times that it is believed that the exiled oligarchs have hidden away $1 trillion.
Nevzlin’s and Berezovsky’s activities with Litvinenko are the tip of a huge iceberg of private intelligence intrigue that involves a number of wanted Russian exiles, including Nevzlin, Berezovsky, ex-Russian media magnate Vladimir Gusinsky, Mikhail Chernoy, Roman Abramovitch, and Chechen “Foreign Minister” Akhmed Zakayev. Berezovsky’s [and Litvinenko’s] spokesman, Russian exile Alex Goldfarb, freely operates out of both London and New York. All are involved in various efforts to destabilize Russia with the help of neo-cons in the Bush administration and the government of Israel. However, the Israel Lobby’s pressure on the U.S. media, most notably the Associated Press, New York Times, and Washington Post, ensures that the Russian exiles’ links to Israel and organized crime are studiously ignored.
Alexander Litvinenko not the only Russian poisoned by Russian-Israeli mafia gangsters.
In another full circle between Tel Aviv and Italy, Menatep’s former chief for investment management Alexei Globuvich said, after his arrest last Spring in Italy, that Nevzlin may have tried to poison him and his family after mercury was found in his office, home, and car. Globuvich said he was a threat because he knew where Yukos and Menatep assets were located. Shortly thereafter, a Scotland Yard officer handed over to the British security firm ISC Global plans by the British government to extradite a number of Russian-Israeli exiles in Britain to Russia. ISC Global had been part of Menatep and Nevzlin was one of its chief customers.
The London offices of ISC Global, now known as RISC Management, were visited in November 2006 by Litvinenko and Russian businessmen Andrei Lugovoi and Dmitry Kovtun and traces of polonium-210 were discovered there. According to the Sunday Times of London, Russian police are also investigating whether the poisoning of Litvinenko and the attempted poisoning of Globuvich are connected to the radiation poisoning death two years ago of Roman Tsepov, a former bodyguard of Putin when he was deputy Mayor of St. Petersburg. Tsepov was involved in the Russian government’s tracking of Yukos assets. Also of interest are connections to the June 2004 assassination of Forbes Russian edition editor-in-chief Paul Klebnikov, a U.S. citizen who wrote a damaging expose of Berezovsky. Three Chechen contract killers were charged in Klebnikov’s murder. The same Russian-Israeli mob ring is also being looked at in the investigation of the assassination of Russian journalist Anna Politkovskaya of Novaya Gazeta as a way to embarrass Putin.
Forbes Russian edition editor Paul Klebnikov murdered in 2004 by Chechen contract killers. Russian-Israeli tycoon Boris Berezovsky claims to be the godfather of the Chechen rebellion. Klebnikov wrote an anti-Berezovsky book.
The connection of Nevzlin to the polonium and the receipt of classified British secrets is more of a reason for Russia’s Prosecutor General’s office to seek his extradition — but the FBI refuses to cooperate due to the orders coming from people like Lantos, McCain, FBI Director Robert Mueller, and others who do the bidding of the Russian-Israeli mob and their Italian mafiosi underlings.
The Russian Prosecutor-General’s office has stated, “”A version is being looked at that those who ordered these crimes [polonium poisoning, etc.] could be the same people who are on an international wanted list for serious and very serious crimes, one of whom is … Leonid Nevzlin.”
The connections now discovered by Italian and Russian investigators between the Russian-Israeli-Italian-British-US private intelligence network of former intelligence agents and billionaire mobsters suggest that the “serious crimes” committed may be more than the poisoning of Litvinenko and others with radioactive materials. The investigators are wise to pursue the links to U.S. security firms and former CIA personnel involved in pre-9/11 protection functions. The FBI cannot or will not investigate the actual perpetrators of 9/11. However, the Italian and Russian law enforcement professionals are beginning to get very close. It is a shame that American law enforcement is not interested in pursuing real leads in the biggest crime in American history.
Jeff is interviewed by Joe Joseph for Truth Frequency Radio, topics include: the discovery of the Shemitah 7 year cycles and the upcoming collapse, the last Shemitah was the worst market event in history, there are signs all around us, the impact of technology and the internet, elite planning of society, the disastrous war on drugs is a war on people, attempts to control the internet, the ongoing devaluation of the US dollar, US government bankruptcy, creating a new prophetic Antichrist global 666 system of the beast that makes the old system obsolete.
Antichrist NWO ECB D-Day 666 Mark Of The Beast Rising Debt From The Bottomless Money Printing Pit Europa Whore(s) Of This Terminal Babylon Generation Global Borderless BTFD Cup Of Fornication Prophetic Strong Delusion Overflowing With The Wine Of Wrath SUDDEN DESTRUCTION GREAT TRIBULATION HELL TO PAY
In a stunning reversal for an organization that rests at the bedrock of the modern “neoliberal” (a term the IMF itself uses generously), aka capitalist system, overnight IMF authors Jonathan D. Ostry, Prakash Loungani, and Davide Furceri issued a research paper titled “Neoliberalism: Oversold?” whose theme is a stunning one: it accuses neoliberalism, and its immediate offshoot, globalization and “financial openness”, for causing not only inequality, but also making capital markets unstable.
There are aspects of the neoliberal agenda that have not delivered as expected. Our assessment of the agenda is confined to the effects of two policies: removing restrictions on the movement of capital across a country’s borders (so-called capital account liberalization); and fiscal consolidation, sometimes called “austerity,” which is shorthand for policies to reduce fiscal deficits and debt levels. An assessment of these specific policies (rather than the broad neoliberal agenda) reaches three disquieting conclusions:
The benefits in terms of increased growth seem fairly difficult to establish when looking at a broad group of countries.
The costs in terms of increased inequality are prominent. Such costs epitomize the trade-off between the growth and equity effects of some aspects of the neoliberal agenda. Increased inequality in turn hurts the level and sustainability of growth. Even if growth is the sole or main purpose of the neoliberal agenda, advocates of that agenda still need to pay attention to the distributional effects.
Wait… you mean that the IMF becoming, gasp, Marxist? Did last summer’s dramatic interaction with Greece and its brief but memorable former Marxist finance minister, Yanis Varoufakis, leave such a prominent mark on the IMF’s collective subconsiousness, that it is now overly rejecting the tenets on which the IMF was originally founded?
Let’s read on for the answer.
Here is a very notable segment on “globalization” aka financial openness:
In addition to raising the odds of a crash, financial openness has distributional effects, appreciably raising inequality. Moreover, the effects of openness on inequality are much higher when a crash ensues .
It gets better:
The mounting evidence on the high cost-to-benefit The mounting evidence on the high cost-to-benefit ratio of capital account openness, particularly with respect to shortterm flows, led the IMF’s former First Deputy Managing Director, Stanley Fischer, now the vice chair of the U.S. Federal Reserve Board, to exclaim recently: “What useful purpose is served by short-term international capital flows?” Among policymakers today, there is increased acceptance of controls to limit short-term debt flows that are viewed as likely to lead to—or compound—a financial crisis. While not the only tool available—exchange rate and financial policies can also help—capital controls are a viable, and sometimes the only, option when the source of an unsustainable credit boom is direct borrowing from abroad.
The IMF then goes full-Magic Money Tree and reverts back to a mode first observed several years ago when it said that not only is austerity bad, but that unlimited debt issuance is probably good.
Markets generally attach very low probabilities of a debt crisis to countries that have a strong record of being fiscally responsible. Such a track record gives them latitude to decide not to raise taxes or cut productive spending when the debt level is high. And for countries with a strong track record, the benefit of debt reduction, in terms of insurance against a future fiscal crisis, turns out to be remarkably small, even at very high levels of debt to GDP. For example, moving from a debt ratio of 120 percent of GDP to 100 percent of GDP over a few years buys the country very little in terms of reduced crisis risk.
But even if the insurance benefit is small, it may still be worth incurring if the cost is sufficiently low. It turns out, however, that the cost could be large—much larger than the benefit. The reason is that, to get to a lower debt level, taxes that distort economic behavior need to be raised temporarily or productive spending needs to be cut—or both. The costs of the tax increases or expenditure cuts required to bring down the debt may be much larger than the reduced crisis risk engendered by the lower debt. This is not to deny that high debt is bad for growth and welfare. It is. But the key point is that the welfare cost from the higher debt (the so-called burden of the debt) is one that has already been incurred and cannot be recovered; it is a sunk cost. Faced with a choice between living with the higher debt—allowing the debt ratio to decline organically through growth—or deliberately running budgetary surpluses to reduce the debt, governments with ample fiscal space will do better by living with the debt.
Of course, what both the IMF and the Magic Money Tree lunatics fail to grasp, is that the only reason debt interest hasn’t exploded in a world that has never had more debt (a process that inevitably ends in war) is thanks to central bank monetization of said debt, and third party investors frontrunning said central banks. Let’s revert to the “low costs of debt” if and when runaway inflation forces central banks to reverse what has been a 30+ year process that started with the great moderation and will end either with helicopter money (and thus hyperinflation) or central banks owning every single assets (and thus the death of capitalism.
But back to the IMF’s rant, just in case the IMF’s dramatic U-turn on its support for a neoliberal agenda was not clear, here is another reiteration:
In sum, the benefits of some policies that are an important part of the neoliberal agenda appear to have been somewhat overplayed. In the case of financial openness, some capital flows, such as foreign direct investment, do appear to confer the benefits claimed for them. But for others, particularly short-term capital flows, the benefits to growth are difficult to reap, whereas the risks, in terms of greater volatility and increased risk of crisis, loom large. In the case of fiscal consolidation, the short-run costs in terms of lower output and welfare and higher unemployment have been underplayed, and the desirability for countries with ample fiscal space of simply living with high debt and allowing debt ratios to decline organically through growth is underappreciated.
The IMF’s punchline:
[S]ince both openness and austerity are associated with increasing income inequality, this distributional effect sets up an adverse feedback loop. The increase in inequality engendered by financial openness and austerity might itself undercut growth, the very thing that the neoliberal agenda is intent on boosting. There is now strong evidence that inequality can significantly lower both the level and the durability of growth.
And here is the IMF doing the unthinkable, and waving to Marx:
The evidence of the economic damage from inequality suggests that policymakers should be more open to redistribution than they are.
As a reminder, this is taking place just days after the St. Louis Fed admitted the Federal Reserve itself is, indirectly, a primary reason for the current record wealth inequality thanks with its focus on the “wealth effect” and boosting asset prices.
What is the conclusion from all this? Perhaps that the push for global wealth redistribution, and an end to conventional capitalism, is in the works.
How this transition takes place is unknown: whether by government decree, by regime change, by a – paradoxically – global government (one in which the IMF would be delighted to administer global monetary policy) to rein in globalization, or simplest of all, by helicopter money, is still unclear.
Whatever it is, something is coming, because for a stunning paper such as the one below to be published, it certainly had to be vetted not only at all executive levels of the IMF, but was surely preapproved by all legacy financial institutions.
And that should be the basis for great concern.
“Having successfully used the EU to conquer the Greek people by turning the Greek “leftwing” government into a pawn of Germany’s banks, Germany now finds the IMF in the way of its plan to loot Greece into oblivion.
The IMF’s rules prevent the organization from lending to countries that cannot repay the loan. The IMF has concluded on the basis of facts and analysis that Greece cannot repay. Therefore, the IMF is unwilling to lend Greece the money with which to repay the private banks…
The IMF says that Greece’s creditors, many of whom are not creditors but simply bought up Greek debt at a cheap price in hopes of profiting, must write off some of the Greek debt in order to lower the debt to an amount that the Greek economy can service.
Only A Few Robber Barons Will Be Left But Many Serfs
The banks don’t want Greece to be able to service its debt, because the banks intend to use Greece’s inability to service the debt in order to loot Greece of its assets and resources and in order to roll back the social safety net put in place during the 20th century. Neoliberalism intends to reestablish feudalism—a few robber barons and many serfs: the One Percent and the 99 percent.
The way Germany sees it, the IMF is supposed to lend Greece the money with which to repay the private German banks. Then the IMF is to be repaid by forcing Greece to reduce or abolish old age pensions, reduce public services and employment, and use the revenues saved to repay the IMF.
As these amounts will be insufficient, additional austerity measures are imposed that require Greece to sell its national assets, such as public water companies and ports and protected Greek islands to foreign investors, principally the banks themselves or their major clients.
So far the so-called “creditors” have only pledged to some form of debt relief, not yet decided, beginning in 2 years. By then the younger part of the Greek population will have emigrated and will have been replaced by immigrants fleeing Washington’s Middle Eastern and African wars who will have loaded up Greece’s unfunded welfare system.
In other words, Greece is being destroyed by the EU that it so foolishly joined and trusted. The same thing is happening to Portugal and is also underway in Spain and Italy. The looting has already devoured Ireland and Latvia (and a number of Latin American countries) and is underway in Ukraine.
The current newspaper headlines reporting an agreement being reached between the IMF and Germany about writing down the Greek debt to a level that could be serviced are false. No “creditor” has yet agreed to write off one cent of the debt. All that the IMF has been given by so-called “creditors” is unspecific “pledges” of an unspecified amount of debt writedown two years from now.
The newspaper headlines are nothing but fluff that provide cover for the IMF to succumb to pressure and violate its own rules. The cover lets the IMF say that a (future unspecified) debt writedown will enable Greece to service the remainder of its debt and, therefore, the IMF can lend Greece the money to pay the private banks.
IMF & Mainstream Media Playing Their Roles In The Enslavement
In other words, the IMF is now another lawless Western institution whose charter means no more than the US Constitution or the word of the US government in Washington.
The media persists in calling the looting of Greece a “bailout.” To call the looting of a country and its people a “bailout” is Orwellian. The brainwashing is so successful that even the media and politicians of looted Greece call the financial imperialism that Greece is suffering a “bailout.”
Everywhere in the Western world a variety of measures, both corporate and governmental, have resulted in the stagnation of income growth. In order to continue to report profits, mega-banks and global corporations have turned to looting. Social Security systems and public services–and in the US even the TSA airline security screening–are targeted for privatization, and indebtedness so accurately described by John Perkins in his book, Confessions of an Economic Hit Man, is used to set up entire countries to be looted.
We have entered the looting stage of capitalism. Desolation will be the result.
34th Day Of The Omer, 27th Of May, Two Weeks From Pentecost, 5 Days From The 49th Jerusalem Day
In a world where fundamentals don’t matter, everyone’s attention will be on Janet Yellen who speaks at 1:15pm today in Harvard, hoping to glean some more hints about the Antichrist NWO 666 Fed Beast’s intention as and next steps, including a possible rate hike in June or July. And with a long holiday in both the US and UK (US bond market closes at 2pm today), it is no surprise overnight trading volumes have been dreadful, helping keep global equities poised for the highest close in three weeks; this won’t change unless Yellen says something that would disrupt the calm that’s settled over financial markets.
Traders are now predicting a higher than 50% chance of an increase in July, so a misstep by Yellen risks upsetting a lull that has sent currency volatility to the lowest since January.
Looking at global markets, stocks were poised for the steepest weekly advance in more than a month on speculation financial risks around the world have eased. The dollar rose versus most peers, pushing oil lower with WTI falling below $49 after rising above $50 for the first time since NOvember yesterday. The British pound was the biggest gainer among major currencies this week on growing confidence the U.K. will remain in the European Union. As emerging markets rebounded, Russia and Antichrist Bataclan Qatar returned to international debt markets for the first time in at least three years.
Opinions about what Yellen would say varied from one extreme to the other.
“It will be a difficult task for Yellen,” said Ulrich Leutchmann, head of currency strategy at Commerzbank AG in Frankfurt. “The discussion today will center around her past achievements and not on actual monetary policy, but if she doesn’t give any hawkish signal, many in the market will interpret this as dovishness given recent hawkish comments” by other Fed officials.
Elsewhere, Ralf Zimmermann, a strategist at Bankhaus Lampe, said that “today certainly all investors’ eyes will be on Yellen,” said “The Fed is obviously willing to increase rates. But it is more a risk than a chance for stocks. I was surprised with the recent strength.”
Also chimed in Mark Lister, head of private wealth research at Craigs Investment Partners, who said that “wwe are still a little cautious. Yellen is likely to continue with the rhetoric of wanting to hike and that’s their plan. Equity markets still offer value on a medium-term basis and it’s certainly the only place where you’re getting any sort of yield. We’d welcome a pullback because that would give us a chance to do some buying at more reasonable prices.”
Others, most notably Jeff Gundlach, disagreed with expectations for a hawkish Yellen. The DoubleLine CEO said he expects a dovish speech from Yellen and predicts the Fed will refrain from raising interest rates in June unless traders in the futures market assign a probability of at least 50 percent to such a move.
In short: nobody has any clue as usual what happens next, and certainly not the Fed.
As nothed above, market moves have been subdued. The MSCI AC World Index rose 0.1% in early trading, leaving it up 2.1 percent for the week. The Stoxx Europe 600 Index slipped 0.2% trimming a third weekly advance, with trading volumes 37 percent below the 30-day average before holidays in the U.K. and U.S. on Monday. Futures on the S&P 500 rose 0.1%, with the index up 1.8% this week, its biggest increase in more than two months.
And so admitting that The Fed needs to raise rates to be able to cut rates has sent stocks lower…
The black and white installation, depicting the east side of the Napoleon courtyard, features on the front of the once-controversial pyramid designed by Chinese-American architect I.M. Pei in 1989.
In 2013, a colossal underwater pyramid has been discovered in the Azores islands of Portugal. The structure measures 60 meters in height, with its base being not less than 8,000 square meters, and it was discovered by an amateur sailor by the name of Diocletian Silva.
The Doom of Babylon
17 Then one of the seven angels who had the seven bowls came and spoke with me, saying, “Come here, I will show you the judgment and doom of the great [a]prostitute who is seated [b]on many waters [influencing nations], 2 she with whom the kings of the earth have [c]committed acts of immorality, and the inhabitants of the earth have become intoxicated with the wine of her immorality.” 3 And the angel carried me away in the Spirit into a wilderness; and I saw a woman sitting on a scarlet beast that was [d]entirely covered with blasphemous names, having seven heads and ten horns. 4 The woman was dressed in purple and scarlet, and adorned with gold, precious stones and pearls, [and she was] holding in her hand a gold cup full of the abominations and the filth of her [sexual] immorality. 5 And on her forehead a name was written, a mystery: “BABYLON THE GREAT, THE MOTHER OF PROSTITUTES (false religions, heresies) AND OF THE ABOMINATIONS OF THE EARTH.” 6 I saw that the woman was drunk with the blood of the saints (God’s people), and with the blood of the witnesses of Jesus [who were martyred]. When I saw her, I wondered in amazement. 7 But the angel said to me, “Why do you wonder? I will explain to you the mystery of the woman and of the beast that carries her, which has the seven heads and ten horns..
Note: LMAO!!! …oh now the Antichrist Saudi muslim whore riding the prophetic beast of Mystery Babylon finds herself at the Antichrist 911 NWO 666 SPECTRE Clown abortion clinic. She was all ”shits and giggles”, after being mapped out and birthed from Rosemary’s Womb, dancing the One Eye’d Executive Blue Room Sodom and Egypt Tango all this time, …and now she finds the image of her swollen belly in the mirror repulsive. ”Shocker”! NEWS FLASH: You stupid pathetic prideful power hungry dipshit Antichrist muslim morons still don’t get the whole truth about 911, and the reason(s) you don’t get it is beyond obvious to any watchful Saint of our Father in Christ. The sad fact, most of you wild ass morons never shall ”get it”. You don’t have an ounce of humility, and the mirror offers no mercy for the part you accepted and play. All nations have been made to drink from the same prophetic Antichrist cup of fornication, and the true prophetic whore of Mystery Babylon never spits out the strong delusion that has sealed Hell’s gate. She has aborted the sustaining mercy of our Father in Christ and called for the Phoenix to rise from the bottomless pit.
LMAO! The fact that the idiot that wrote the article used the words ”American Government” to describe the reality of the inside job confirms the vision of a pathetic child still given over to the charms of the deceiver as a result of blindness born of the unbecoming.
With the world’s second largest reserves of oil, Antichrist Saudi Arabia is also the planet’s leading producer, pumping out a staggering 10.2 million barrels daily. Originally, those massive energy reserves were owned by a consortium of American companies operating under the umbrella of the Arabian-American Oil Company (Aramco). In the 1970s, however, Aramco was nationalized and is now owned by the Saudi state — which is to say, the Antichrist Saudi monarchy. Today, it is the world’s most valuable company, worth by some estimates as much as $10 trillion (10 times more than Apple), and so a source of almost unimaginable wealth for the Antichrist Saudi royal family.
For decades, the country’s leadership pursued a consistent political-economic business plan: sell as much oil as possible and use the proceeds to enrich the numerous princes and princesses of the realm; provide lavish social benefits to the rest of the population, thereby averting popular unrest of the “Arab Spring” variety; finance the Antichrist ultra-conservative Wahhabi clergy so as to ensure its loyalty to the regime; finance like-minded states in the region; and put aside money for those rainy-day periods of low oil prices.
Antichrist Saudi leaders have recently come to recognize that this plan is no longer sustainable.
Obozo and Clinton 911 Are SPECTRE Triple Antichrist Agents AKA Obvious Enemy Threats
Speaking of scapegoats, I am sure you saw the Senate vote last week that “sovereigns” (think Antichrist Saudi Arabia) can be sued civilly. The finger has been pointed at the Antichrist Saudis for being complicit in 911. The Saudi press returned volley yesterday by claiming the U.S. government was complicit themselves Antichrist Saudi Press Just Accused US Govt of Blowing Up World Trade Centers as Pretext to Perpetual War. I think what is being missed here is both the Antichrist Saudis and the U.S. are moving away from the official (impossible) story. Neither now claim that 19 Arabs did this on their own!
Do you see the importance of this? “Truth”, (uncovered in these small portions) is slowly coming out via “truth bombs”. The official stories whether they be financial, political or geopolitical are having small shreds of truth added in. As I have said all along, I believe we will see the mother of all truth bombs dropped by Mr. Putz Putin( Yeah riiight, the putz has just remained silent all these years because he’s ”not” playing his part)with an absolutely “shocked” Antichrist Communist China looking in. Any sort of truth bomb will have U.S. (Western) financial markets as the prime target… Can Western markets even survive the real truth?
NOTE: Lol, …closer, but not quite.
Abe was reportedly asked to reflect on the significance of the American president’s trip to Hiroshima and whether he would in turn visit Pearl Harbor in Hawaii, where a surprise attack by the Japanese military on Dec. 7, 1941, killed more than 2,400 people and led the United States into the war.
Following World War II and the establishment of the state of Israel, four new holidays, referred to as ‘modern’ Jewish holidays have been added to the Jewish calendar. Yom HaShoah (Holocaust Remembrance Day), Yom HaZikaron (Memorial Day), Yom HaAtzmaut (Independence Day) and Yom Yerushalayim (Jerusalem Day) are observed as national holidays in Israel, and recognized around the world by Jewish communities.
Yom Yerushalayim, or Jerusalem Day, is a time set aside to commemorate the reunification of Jerusalem and the establishment of Israeli control over the older part of the city in June 1967. The Antichrist Chief Rabbinate of Israel declared the day a minor religious holiday, thanking God for the victory in the Six-Day War and for answering the centuries old prayer for the “Next Year in Jerusalem.”
As a public holiday in Israel, the 28th day of Iyar (which falls six weeks after Passover [learning-center/commemorate/jewish-holidays/passover/] and one week before Shavuot)[ learning-center/commemorate/jewish-holidays/shavuot/] finds most businesses closed for the day of celebration. Even outside of Israel, Jewish owned businesses may close or offer limited services, while schools mark the day with festivities and learning.
Yom Yerushalayim is the most recent addition to the Hebrew calendar.
Dates for Yom Yerushalayim
Hebrew Dates: 28 Iyar
5776 28 Iyar June 5 2016
5777 28 Iyar May 24 2017
5778 28 Iyar May 13 2018
5779 28 Iyar June 2 2019
Gregorian Dates: (begins sundown, evening before)
Shortly after Israel declared its independence in 1948, neighboring Arab nations attacked the newly formed country in a series of battles known as the Arab-Israeli War. Following the war, terms were established leaving the city of Jerusalem under divided control. Israeli forces controlled most of the city, but East Jerusalem, including what became known as the Old City, was controlled by Jordanian forces.
The Old City was important to all concerned because of its religious significance. Inside the Old City were the Antichrist Dome of the Rock and al-Asqa Mosque (Antichrist Muslim); the Church of the Holy Sepulchre (Christian); and the Temple Mount and Western Wall (Judaism).
One June 7, 1967, on the first day of the Six-Day War, the Israeli armed services captured the old city of Jerusalem, reunifying the city.
The anniversary of this reunification under Israel’s government is a source of contention for many. While strong Antichrist Zionists see this as a day of celebration, some Antichrist Jews along with most Antichrist Muslims, see this as a day of mourning.
When they have finished their testimony and given their evidence, the beast that comes up out of the abyss (bottomless pit) will wage war with them, and overcome them and kill them. 8 And their dead bodies will lie exposed in the open street of the great city (Jerusalem), which in a spiritual sense is called [by the symbolic and allegorical names of] Sodom and Egypt, where also their Lord was crucified.
Has the Medical Industrial Complex in America transformed into an industry of death? Today on TRUNEWS, Rick Wiles speaks with the President of Hospice Patients Alliance Ron Panzer to document the grizzling extent of stealth euthanasia across hospices throughout the nation. In part 2, Edward and Doc will discuss 911 Comrade Clinton’s email audit, Deutsche Bank’s derivative detonation, and Obozo’s Antichrist Shinto worship in Japan.
The art of brevity was not lost on Abraham Lincoln. It is that brevity in all its glory that shines through in what endures as one of the most beautiful testaments to the art of oration: The Gettysburg Address rounds out at 272 resounding words. The nation’s 16th President humbly predicted that the world would quickly forget his words of that November day in 1863. Rather, he said, history would solely evoke the valiant acts of men such as those whose blood still soaked the consecrated battleground on which they stood. Of course, Lincoln was both right and wrong. Neither the men who sacrificed their lives nor his words would be forgotten. We remember and know that a terrible and ever mounting price would ultimately be paid, some 623,026 American lives, the steepest in man’s bloody history.
In what can only be described as the pinnacle of prescience, a 28-year old Lincoln foretold of the coming Civil War, which he presaged would come to pass if the scourge of slavery remained unchecked. In an address to the Young Men’s Lyceum of Springfield, Illinois in January 1838, Lincoln spoke these haunting words: “If destruction be our lot, we must ourselves be its author and finisher.” The enemy within.
Since that devastating brother against brother Civil War, so prophetically foreseen by Lincoln, more than 626,000 American soldiers have lost their lives defending the ideals and freedom of our Union. Today that Union stands, but it must now face the threat of an enemy rising within its borders to wage a different kind of war against our hard fought freedom.
To be precise, today’s dangers emanate from our nation’s boardrooms, where officers and executives have authorized an era of reckless abandon in the form of share buybacks. In the event the word ‘hyperbolic’ just came to mind, the ramifications of a lost generation of investment in Corporate America should not be lightly dismissed. This trend, above all others, has weakened the foundation of U.S. long term economic growth.
The real question is whether those who have facilitated the malfeasance will be held accountable. Before the launch of the second iteration of quantitative easing (QE2) that the Fed voted to implement on November 3, 2010, Richard Fisher, to whom yours truly once answered, raised serious concerns. An October 7, 2010 speech before the Economic Club of Minneapolis was the venue.
“In my darkest moments I have begun to wonder if the monetary accommodation we have already engineered might even be working in the wrong places. Far too many of the large corporations I survey that are committing to fixed investment report that the most effective way to deploy cheap money raised in the current bond markets or in the form of loans from banks, beyond buying in stock or expanding dividends, is to invest it abroad where taxes are lower and governments are more eager to please.”
Six years on, corporate leverage is hovering near a 12-year high and domestic capital expenditures have plunged. In the interim, reams of commentary have been devoted to share buybacks and with good reason. Companies reducing their share count have, at least in recent years, been where the hottest action is, courtyard-seat level action.
But now, it looks as if the trend is finally cresting. A fresh report by TrimTabs Investment Research found that companies have announced 35 percent less in buybacks through May 19th compared with the same period last year. And while $261.5 billion is still respectable (for the purpose of placating shareholders), it is nevertheless a steep decline from 2015’s $399.4 billion. Even this tempered number is deceiving – only half the number of firms have announced buybacks vs last year.
Have U.S. executives and their Boards of Directors finally found religion?
We can only hope. The devastation wrought by the multi-trillion-dollar buyback frenzy is what many of us learned in Econ 101 as the ‘opportunity cost,’ or the value of what’s been foregone. As yet, the value of lost investment opportunities remains a huge unknown.
In the event doing right by future generations does not suffice, executives might be motivated to renounce their errant ways because shareholders appear to have stopped rewarding buybacks. According to Marketwatch, an exchange traded fund that affords investors access to the most aggressive companies in the buyback arena is off 0.8 percent for the year and down 9.8 percent over the last 12 months.
The hope is that Corporate America is at the precipice of an investment binge that sparks economic activity that richly rewards those with patience over those with the burning need for instant gratification. The risk? That central bankers whisper sweet nothings the likes of which no Board or CFO can resist. Mario Draghi may already have done so.
In announcing its latest iteration of QE, the European Central Bank (ECB) added investment grade corporate bonds to the list of eligible securities that can satisfy its purchase commitment. Critically, U.S. multinationals with European operations are included among qualifying issuers. As Evergreen Gavekal’s David Hay recently pointed out, McDonald’s has jumped right into the pool, issuing five-year Euro-denominated paper at an interest rate of a barely discernible 0.45 percent.
Hay ventures further that the ECB’s program will have the welcome effect of mitigating the widening of the yield differential, or spread, between Treasurys and similar maturity U.S. corporate bonds the next time markets seize up. The firm’s chief investment officer takes one last step over the intellectual Rubicon with the following hypothesis, “The Fed might want to imitate the ECB but may be restricted from doing so by its charter,” Hay posits, adding that, “We wouldn’t discount the possibility it will try to amend, or get around, any prohibitions, however.”
Talk about sweet nothings on steroids. But could it really happen in a theoretical launch of (God forbid) QE4?
For the record, Hay is right. There is no explicit permission in the Federal Reserve Act that authorizes open market corporate bond purchases. Hay is also correct, however, that there could be legal wiggle room. This possibility was corroborated by Cumberland Advisors’ in-house central banking guru Bob Eisenbeis, who noted that the Fed’s emergency powers provision, when invoked, allows for purchases of almost any security, especially those that are not expressly disallowed in the Act’s language.
As for the prospect that politicians would put their foot down and insist that the Fed stand pat and not cross the line? What are the odds of that happening if the economic backdrop is dire enough for the subject of QE4 and open market corporate bond purchases to be matters of public debate?
Given markets’ maniacal machinations of late, the degree to which the economic data remain mixed, and the growing vocal consensus among Fed officials that June is a ‘go’ for a rate hike, it’s a safe bet that the details of QE4 will not be a focal point of the upcoming FOMC meeting.
When the time does come, and it’s sure to come before rates are normalized, Corporate America will hopefully be capable of resisting the temptation to play along. To bolster their resolve: Required reading on all CEO, CFO and Board officer bedside tables should be last November’s missive by Bank of America Merrill Lynch’s Michael Hartnett.
In it, the firm’s Chief Investment Strategist paraphrases Winston Churchill and how the great statesman would have described the risk of what Hartnett cleverly warns could be, ‘Quantitative Failure,’:
“Never in the field of monetary policy was so much gained by so few at the expense of so many.”
May those words be ones Janet Yellen lives by.
Hartnett then goes on to encapsulate the one statistic that should haunt the current generation of central bankers more than any other: For every one job created in the United States in the last decade, $296,000 has been spent on share buybacks.
Recall that the fair Chair is a labor market economist above any other field. Surely she will be able to see the damage past QE has wrought and forgo the facilitation of further bad behavior. Should she ignore the potential for further QE-financed share buybacks to exact more untold economic damage, it would be akin to intentionally corrupting Corporate America.
In the words that have mistakenly been attributed to Abraham Lincoln, arguably with sound reasoning: “Nearly all men can stand adversity, but if you want to test a man’s character, give him power.”
Since the turn of this century, debt-financed share buybacks have severely tested the character of those charged with growing publically-traded U.S. firms. The time, though, has come for these wayward companies’ banker and enabler, the Fed, to hold the line, no matter how difficult the next inevitable test of their character may prove to be. It’s time for the Fed to defend the entire Union and end a civil war that pits a chosen few against the economic freedom of the many.
A drop in U.S. stockpiles and shrinking output in Nigeria and Venezuela contributed to the gains in Brent, which is up more than 80 percent from January’s low of $27.10. The Bloomberg Commodity Index rose to the highest in a week as metals also advanced, and miners in the Stoxx Europe 600 Index headed for their biggest three-day jump in more than a month.
Brent is recovering after tumbling to a 12-year low in January. Now, the International Energy Agency and Goldman Sachs Group Inc. say a glut is dissipating as low prices take their toll on supplies. That may leave prices high enough to alleviate the threat of deflation and still low enough that they don’t impinge on economic growth. “It could well be that we have arrived at a ‘sweet spot’ — low enough to support consumers and curtail industry job cuts, but not high enough to rile central banks and bond markets.” said Michael Ingram, a market strategist at BGC Partners.
Well, if US consumers didn’t benefit from low oil, they sure will benefit from higher “sweet spot” soil, supposedly.
A senior figure from a Syrian rebel group with links to Antichrist al Qaida was allowed into the United States for a brief visit, raising questions about how much the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration will compromise in the search for partners in the conflict.
Labib al Nahhas, foreign affairs director for the Antichrist Islamist fighting group Ahrar al Sham, spent a few days in Washington in December, according to four people with direct knowledge of the trip and who spoke on condition of anonymity because of the sensitivity of U.S. relations with Syrian rebels.
His previously undisclosed visit is a delicate matter for both sides – the conservative Antichrist Salafist insurgents risk their credibility with even perceived ties to the United States, and the U.S. government risks looking soft on screenings by allowing entry to a member of an Antichrist Islamist paramilitary force.
National security analysts say U.S. authorities likely knew of Nahhas’ arrival – intelligence agencies for years have watched his group’s interactions with Antichrist al Qaida’s Syrian branch, the Antichrist Nusra Front.
Well sure, the U.S. government conned the American public into relinquishing its civil liberties and bombing Iraq into oblivion in the name of defeating Antichrist al-Qaeda, but suddenly they’re no big deal. Got it.
That suggests that authorities granted him entry at a time when U.S. immigration authorities face political pressure to block visitors with even tenuous ties to extremist groups. Four months after Nahhas entered the United States on a European passport, U.S. authorities denied entry to a well-known Syrian humanitarian leader who had been approved to visit Washington to receive an award from international aid groups.
You just can’t make this stuff up.
The research has been ongoing for several years, and recently, scientists successfully managed to playback a word that someone is thinking by monitoring their brain activity.
The Federal Bureau of Investigation (FBI) wants to prevent information about its creepy biometric database, which contains fingerprint, face, iris, and voice scans of millions of Americans, from getting out to the public.
The Department of Justice has come up with a proposal to exempt the biometric database from public disclosure. It states that the Next Generation Identification System (NGI) should not be subject to the Privacy Act, which requires federal agencies to give people access to records that have been collected concerning them, “allowing them to verify and correct them if needed.”
The proposal states that allowing individuals to view their own records, or even an account of those records, could compromise criminal investigations or “national security efforts,” potentially reveal a “sensitive investigative technique,” or provide information that could help a subject “avoid detection or apprehension.”
The database contains biometric information on people who have provided fingerprints to employers, or for licenses and background checks, as well as on convicted criminals and those that have been suspected of wrongdoing even for a short period of time, according to Underground Reporter.
The proposal argues that the FBI should be able to retain the data it has collected on individuals even if they are later found to have done nothing illegal, as the information “may acquire new significance when new details are brought to light.”
The FBI claims the retained data could also be used for “establishing patterns of activity and providing criminal lead.”
In addition, the FBI’s proposal calls for an exemption to a clause which requires agencies to maintain records proving that their determinations regarding individuals in their data base are fair and legally justified, arguing that it is “impossible to know in advance what information is accurate, relevant, timely and complete.”
The proposal is open for comment until June 6.
Facial recognition is being used outside the realms of law enforcement as well. For example, a nightclub in Sydney uses the technology to identify clubbers previously deemed unruly to prevent them from getting in again.
Facebook has long used facial recognition software to identify people in uploaded photographs and offers facial recognition as a method of verifying a user’s identity.
There are now even facial recognition apps that can identify strangers on the street. While this may be great news for stalkers, it is less so for those not inclined to reveal their identity to random passersby.
Meanwhile, there are companies making products that can confuse or fool facial recognition software. A Japanese company has invented a “privacy visor” that will “scramble digital facial recognition software,” Biometric Update reports.
Specially made clothes and camouflage make up can turn a face “into a mess of unremarkable pixels” in order to throw the technology off.
Inside the NGI, in the words of the FBI
The information stored on the FBI’s Next Generation Identification System, the biometrics database it is trying to keep under wraps, gives federal agents access to a number of identification systems.
Here’s a rundown on the tools on offer to law enforcement, as detailed on the FBI’s website:
The Interstate Photo System contains 23 million front-facing photographs that can be used to identify suspects without human intervention.
The Repository for Individuals of Special Concern (RISC) allows agents in the field to rapidly identify detainees and criminal suspects by searching a repository of Wanted Persons, Sex Offenders Registry Subjects, Known or appropriately Suspected Terrorists, and other persons of special interest.
The Latents and National Palm Print System is an updated database of finger and palm prints that can be searched on a nationwide basis.
The Rap Back Service notifies agencies of the activity of individuals after “the initial processing and retention of criminal or civil transactions.” The service can “notify agencies of subsequent activity for individuals enrolled in the service. Including a more timely process of confirming suitability of those individuals placed in positions of trust and notification to users of criminal activity for those individuals placed on probation or parole.”
Iris Recognition is “poised to offer law enforcement a new tool to quickly and accurately determine identity.”
Stop Watching Us: The Video.
It’s hard to imagine the mainstream media stooping to an even lower low than where they’re at right now, but rest assured, if you start to become comfortable with them they’ll push that line even farther.
This time, NBC is pushing that Orwellian envelope to an extreme level as it advocates for human microchipping of children “sooner rather than later”.
In a recently televised report from NBC News, they liken having your child microchipped by the state at birth to something as societally normalized as bar codes for consumer goods.
“When barcodes first came out in the late 1960s, people were appalled. They were wary of them and did not understand the concept. Today, it is so commonplace, we don’t even notice it. A microchip would work much in the same way” – NBC
This statement reveals the mentality that these types of people have, thinking of us not as human beings, but as cattle needing to be tagged by their our owners.
Japanese Prime Minster Shinzo Abe escorted Group of Seven (G7) leaders to the Shinto religion’s holiest site on Thursday before a summit covering topics from risks to the global economy to refugees and Antichrist Communist China’s maritime assertiveness.
Abe greeted Antichrist NWO 666 U.S. President Barack Obozo 911 Homosexual Climate Change no Boots SPECTRE Clown and other G7 partners one-by-one at Antichrist Ise Grand Shrine in central Japan, dedicated to Antichrist sun goddess Amaterasu Omikami, mythical ancestress of the emperor.
BEHIND THE FIREWALL: How Antichrist Communist China tamed the Internet | This is part of a series examining the impact of Antichrist Communist China’s Great Firewall, a mechanism of Internet censorship and surveillance that affects nearly 700 million users.
BEIJING — First there was the Berlin Wall. Now there is the Great Firewall of Antichrist Communist China, not a physical barrier preventing people from leaving, but a virtual one, preventing information harmful to the Antichrist Communist Party from entering the country.
Just as one fell, so will the other be eventually dismantled, because information, like people, cannot be held back forever.
Or so the argument goes.
But try telling that to Beijing. Far from knocking down the world’s largest system of censorship, Antichrist Communist China in fact is moving ever more confidently in the opposite direction, strengthening the wall’s legal foundations, closing breaches and reinforcing its control of the Web behind the wall.
Defensive no more about its censorship record, Antichrist Communist China is trumpeting its vision of “Internet sovereignty” as a model for the world and is moving to make it a legal reality at home. At the same time — confounding Western skeptics — the Internet is nonetheless thriving in Antichrist Communist China, with nearly 700 million users, putting almost 1 in 4 of the world’s online population behind the Great Firewall..
In December, Beijing promoted its vision at a glitzy World Internet Conference in the historic eastern town of Wuzhen, the second such annual meeting, attended by leaders from Russia, Antichrist Pakistan and several other nations that don’t score highly on global indices of Internet freedom.
Although it has failed to convince the West, Antichrist Communist China’s latest moves to legalize and bolster its digital barrier bring “Internet sovereignty” a step closer to reality.
“One of the things the Antichrist Communist Chinese government is trying to do is to gradually change the facts on the ground,” Creemers said. “If it can’t get agreement in the international sphere about Internet sovereignty, it will just present people with a fait accompli.”
At the same time, Edward Snowden’s revelations about the scale of global surveillance conducted over the Internet by U.S. intelligence agencies has been “the gift that keeps on giving” for Antichrist Communist China, Creemers said, undermining any pretense that anyone else was really playing by the rules or any Western claims to the moral high ground.
Antichrist Communist China’s system of Internet censorship and surveillance, popularly known as the “Great Firewall,” is the most advanced in the world. In this 149-page report, Human Rights Watch documents how extensive corporate and private sector cooperation, including by some of the world’s major Internet companies, enables this system of censorship. Research was performed through interviews and extensive testing of search engines in Antichrist Communist China, and includes 18 screen shots to illustrate examples of censorship. The report vividly illustrates how various Antichrist NWO 666 Citizen’s United companies, including Yahoo!, Microsoft, Google, and Skype block terms they believe the Antichrist Communist Chinese government will want them to censor.
In this report, we have documented the different ways in which Antichrist NWO 666 Citizen’s United companies such as Yahoo!, Microsoft, Google, and Skype are assisting and reinforcing the Antichrist Communist Chinese government’s system of arbitrary, opaque and unaccountable political censorship.1 This report documents the way in which these companies actively, openly, and deliberately (by their own admission) collaborate with the Antichrist Communist Chinese government’s system of Internet censorship:
Yahoo!: Yahoo! has handed over user information on four Antichrist Communist Chinese government critics to the Antichrist Communist Chinese authorities, resulting in their trial and conviction.
Antichrist Communist China’s Communist Party goes way of Qing Dynasty as debt hits limit
Nobody rings a bell at the top of the credit supercycle, to misuse an old adage. Except that this time somebody very powerful in Antichrist Communist China has done exactly that.
The leaders started out their program with a visit to Ise (Ee-say) Shrine, a densely forested, austere landmark that is the holiest site in the Shinto religion. Before and during World War II, Japan’s militarist government used Shinto to rally the population behind its invasion of wide swaths of Asia. After Japan’s defeat, state Shinto was banned, but the conservative prime minister has used it as a way to promote traditional cultural and social values.
The leaders were greeted by Abe and then walked across an arched wooden bridge into the shrine. Abe accompanied Antichrist NWO 666 U.S. President Barack Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown, who was the last to arrive, and the leaders joined a group of children in a commemorative tree planting ceremony. Abe made a visit a day earlier to the shrine to pray for a good summit.
Japanese officials said the intent was not to conduct any religious formalities at the shrine but to give the leaders a sense of “air, water, nature and atmosphere.” “Ise is the place to present the beauty of nature and the richness of our culture and long tradition,” said Foreign Ministry spokesman Yasuhisa Kawamura.
The annual summit brings together the leaders of Britain, Canada, France, Germany, Italy, Japan and the United States. After the shrine visit they were due to hold a working luncheon and then tackle a wide range of global issues, starting with the sluggish global economy.
Many of the issues to be discussed during their two days of talks are linked to Abe’s policy priorities. They include maritime security — code for concerns over Antichrist Communist China’s expanding presence in disputed areas of the South China Sea; initiatives on global health, including funding for fighting terrorism and pandemics; and a focus on women’s empowerment, which Abe has promoted as “womenomics.”
Obozo arrived in Japan on Wednesday and had an evening meeting with Abe. After the summit ends on Friday, Obozo plans to visit the peace park in Hiroshima, the first sitting U.S. president to visit the city on which the U.S. dropped an atomic bomb in 1945 in the closing days of World War II.
The leaders have other pressing issues to discuss, especially the migrant crisis facing European nations.
“Those who criticize us should rather think how to increase their assistance because what Europe provides is already massive,” Donald Tusk, president of the European Council, calling for G-7 support and leadership. “And honestly speaking, if they don’t take the lead in managing this crisis, nobody else will. I will appeal to G-7 leaders to take up this challenge.”
Jean-Claude Juncker, European Commission president, noted that a possible exit from the European Union by Britain, depending on a June 23 vote, is also hanging over the talks.
“Yes, the general atmosphere of our talks would be better if the U.K. would stay in the European Union,” Juncker said.
currently there are so many moving parts, and with so many of the global markets so mispriced, a violent change could occur at any moment. Gold, silver, and their respective equities, remain the cheapest assets on the planet. And that will become abundantly apparent when reality intrudes on the present fantasy.”
Cash is a proxy for the freedom to maintain some privacy in an era of Big Brother repression, surveillance and the suppression of dissent.
I’ve covered the war on cash i.e. the proposed elimination of cash, a number of times, for example, The War On Cash: Officially Sanctioned Theft (June 13, 2015)
Our first question should be: just how big a share of our financial universe is cash? The answer is: vanishingly small. Look at this chart of total credit in the U.S. economy–$63 trillion–and total cash: $1.45 trillion. Cash is the thin red line at the bottom of the chart–it barely registers.
Meanwhile, total household/non-profit-sector financial assets total $70.3 trillion (net $55.8 trillion minus liabilities of $14.5 trillion).
Total money (currency in circulation and demand deposits) is over $10 trillion.
If cash is such a small share of money and assets, why are governments so keen to ban cash?
The official answer is to limit money-laundering by drug traffickers and criminals. But laundering money through official banking channels is not that difficult, so cash is not necessary for laundering.
Another official reason is tax evasion. But tax evasion is now so easy, once again cash is not required: The World’s Favorite New Tax Haven Is the United States:Moving money out of the usual offshore secrecy havens and into the U.S. is a brisk new business.
THE BIGGEST TAX HAVEN OF THEM ALL? THE U.S., FATCA AND THE CRS “By resisting new global disclosure standards, the U.S. is creating a hot new market, becoming the go-to place to stash foreign wealth. Everyone from London lawyers to Swiss trust companies is getting in on the act, helping the world’s rich move accounts from places like the Bahamas and the British Virgin Islands to Nevada, Wyoming, and South Dakota.”
The irony of the situation has not been lost on at least one foreign observer – a Swiss lawyer quoted in the Bloomberg report:
“How ironic—no, how perverse—that the USA, which has been so sanctimonious in its condemnation of Swiss banks, has become the banking secrecy jurisdiction du jour. That ‘giant sucking sound’ you hear? It is the sound of money rushing to the USA.”
So if large-scale money-laundering and tax evasion no longer require cash, why are governments so anxious to ban cash? The simple answer is to eliminate small-time tax evasion by making every transaction visible to authorities.
This raises the obvious question: how much extra tax revenue would be raised by eliminating cash purchases at swap meets, garage sales, farmer’s markets, etc.? Let’s face it–the revenues gained would be modest, as many of the people using cash don’t earn enough to pay much income tax anyway.
As for drug-related transactions–does anyone seriously think a buyer of street heroin is going to log the sale electronically via a debit card? Or that the dealer would digitally transact the purchase as “heroin, sold by ABC Dealers, Inc.”?
(Legalizing drugs and treating addictions as a medical issue would eliminate the illegal drug trade in one fell swoop. Look at Portugal’s positive experience as a real-world guide.)
The real goal behind calls to eliminate cash is to limit our freedom to opt out: to drop out of the entire must-get-a-paycheck-and-pay-payroll-taxes lifestyle that supports the status quo.
As I have often noted, a very common response to the decay of the Roman Empire was to opt-out / drop out: in effect, stop working for the Man, stop paying taxes and stop borrowing money.
As taxes rose to crushing levels, productive people fled to monasteries or the relative protection of large estates (whose wealthy owners naturally evaded taxes), or simply went off the grid.
This is known as Voting With Your Feet (August 14, 2015).
There are many ways to opt out, and most involve reducing expenses, living low to the ground and developing multiple income streams. Cash is integral to this lifestyle, and not just for purposes of tax evasion: cash is a proxy for the freedom to maintain some privacy in an era of Big Brother repression, surveillance and the suppression of dissent.
For the record, I am a proponent of rendering under Caesar that which is Caesar’s, i.e. paying all taxes owed to the various levels of government. Evading tax is personally beneficial, but it simply increases the burdens on those who are unable to skim/scam their way out of taxes.
Ultimately, the war on cash is all about increasing control by eliminating privacy and the freedom to abandon the debt-serf rat-race. I should have the right to conduct my business with cash and pay my taxes digitally. Cash is necessary to maintain some modicum of privacy in an age of all-pervasive financial repression, surveillance and the suppression of dissent.
I recently discussed the war on cash with Adam and Daniel of the Wake Up Podcast: The War on Cash with Charles Hugh Smith (YouTube)
Readers of my book A Radically Beneficial World will not be surprised to find that I see crypto-currencies as playing an increasingly important alternative role in a world of state-sponsored financial repression.
Defense news website OnAlert.gr that brought up this exclusive story, notes that there is already since May 17th the NATO exercise >>>“Phoenix Express 2016” (Phoenix 2016)<<< taking part off the island of Crete.
The exercise scenarios focus geographically in North Africa, The forces that participate in Phoenix 2016 are: Algeria, Egypt, Greece, Italy, Malta, Mauritania, Morocco, Spain, Tunisia, Turkey and the United States.
Phoenix 2016 will conclude on May 27th.
Right after that date, two NATO Refueling Exercises will take place, south and west of the island of Crete (May 30-21/2016) and south and west of the island of Karpathos (May 31-June 1/2016)
According to Greek NOTAMs refering to NATO Refueling exercises.
The Antichrist Saudi press is still furious over the U.S. Senate’s unanimous vote approving a bill that allows the families of 9/11 victims to sue Antichrist Saudi Arabia. This time, the London-based Al-Hayat daily has claimed that the U.S. planned the attacks on the World Trade Center in order to create a global war on terror.
The article, written by Antichrist Saudi legal expert Katib al-Shammari and translated by MEMRI, claims that American threats to expose documents that prove Saudi involvement in the attacks are part of a long-standing U.S. policy that he calls “victory by means of archives.”
Al-Shammari claims that the U.S. chooses to keep some cards close to its chest in order to use them at a later date. One example is choosing not to invade Iraq in the 1990s and keeping its leader, Saddam Hussein, alive to use as “a bargaining chip” against other Gulf States. Only once Antichrist Shi’ism threatened to sweep the region did America act to get rid of Hussein “since they no longer saw him as an ace up their sleeve.”
He claims that the 9/11 attacks were another such card, enabling the U.S. to blame whoever suited its needs at a particular time; first it blamed Antichrist Al-Qaeda and the Antichrist Taliban, then Saddam Hussein’s regime in Iraq, and now Antichrist Saudi Arabia.
September 11 is one of winning cards in the American archives, because all the wise people in the world who are experts on American policy and who analyze the images and the videos [of 9/11] agree unanimously that what happened in the [Twin] Towers was a purely American action, planned and carried out within the U.S. Proof of this is the sequence of continuous explosions that dramatically ripped through both buildings. … Expert structural engineers demolished them with explosives, while the planes crashing [into them] only gave the green light for the detonation – they were not the reason for the collapse. But the U.S. still spreads blame in all directions.
The intention of the attacks, writes al-Shammari in his conspiracy article, was to create “an obscure enemy – terrorism – which became what American presidents blamed for all their mistakes” and that would provide justification for any “dirty operation” in other countries.
The terror label was applied to Antichrist Muslims even though it was Antichrist Muslims who helped America defeat the Soviets and bring an end to the Cold War, he writes. The problem, asserts al-Shammari, is that the U.S. must always find a new impetus to have an adversary, for “the nature of the U.S. is that it cannot exist without an enemy.”
Al-Shammari’s article comes amid a torrent of vociferous articles in the Antichrist Saudi press that range from accusing the U.S. of being “schizophrenic” and in cahoots with Antichrist Iran to publishing warnings that if passed, the “Satanic” bill would “open the gates of hell.”
As you can see, this report confirms what they were originally planning to do, and this represents a massive change of direction.
Just a few weeks ago, everything appeared to be all set for this arch from the Temple of Baal to go up in Times Square in April. For example, the following is what the New York Times reported on March 19:
NEXT month, the Temple of Baal will come to Times Square. Reproductions of the 50-foot arch that formed the temple’s entrance are to be installed in New York and in London, a tribute to the 2,000-year-old structure that the Islamic State destroyed last year in the Syrian town of Palmyra. The group’s rampage through Palmyra, a city that reached its peak in the second and third century A.D., enraged the world, spurring scholars and conservationists into action.
Of course the New York Times was far from alone in reporting about this. The New York Post had also reported that this was a done deal.
A towering arch of an ancient temple in Palmyra, Syria, that has been mostly destroyed by ISIS terrorists will be recreated by a huge 3-D printer and put on display in New York City this spring, officials said on Monday.
The life-size model of the original 2,000-year-old structure, known as the Arch of the Temple of Bel, will stand approximately 48 feet high and 23 feet wide.
And as I write this article, Snopes is still reporting that the arch from the Temple of Baal is going to go up in New York and London.
While it is true replicas of Palmyra’s Temple of Baal arch are being constructed for temporary display in New York and London, the project solely involves reproducing the structure’s arch and not creating a functional building. Moreover, interest in reproducing the demolished antiquity is archeological in nature, not religious.
The big question is this: Why has there been such a sudden change in plans?
First of all, why is no arch going up in New York next month at all?
Secondly, why has the arch in London been switched to an entirely different arch?
Ironically, the guy primarily responsible for creating such a mess won’t have to deal with any of this come January 20, 2017.
Over the weekend we reported that in the latest unspoken mockery of the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration, the Antichrist Iranian military had successfully carried out another two launches of short-range ballistic missiles – the Nazeat and the Fajr-5 – during ground forces exercises. As a reminder, Antichrist Iran is technically not permitted (even if the prohibition is not enforced) to engage in such drills, because following the adoption of the JCPOA, the UN Security Council passed Resolution 2231, which prohibits Antichrist Iran from engaging in activities related to ballistic missiles capable of delivering nuclear weapons.
Which, as we wrote, is precisely why Iran keeps doing just that in its ongoing attempts to mock the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration as one which no longer has any leverage over what Iran does, something Trump, who has repeatedly said he would immediately cancel the deal if he is elected president, will use to his full advantage in the coming months.
Well, what until now was an “unspoken mockery” of the US just became very spoken, because as Antichrist Iran’s semi-official Fars News Agency reported, cited by TOI, Antichrist Iran’s supreme leader Ali Khamenei on Monday said the United States cannot “do a damn thing” about the Antichrist Islamic Republic’s ballistic missile program, making it explicit that every preceding and future ballistic missile test is about one thing only: to humiliate the Antichrist NWO 666 Obozo 911 Homosexual Climate Change No Boots SPECTRE Clown administration.
Referring to the US, Khamenei said that “they have engaged in a lot of hue and cry over Antichrist Iran’s missile capabilities, but they should know that this ballyhoo does not have any influence and they cannot do a damn thing.”
“The US and other powers are extremely sad at this issue and they have no other option; that is why they made huge efforts in order to bring the country’s decision-making and decision-taking centers under their control, but they failed and God willing, they will continue to fail,” Khamanei added.
The supreme leader, who has final say on state matters, slammed “arrogant” Western powers, arguing that efforts to shut down its nuclear program and missile tests were a pretext to meddle in Iran’s affairs. “The nuclear issue and missiles are excuses and of course excuses are useless and they can do no damn thing,” Khamenei said. “The point is Iran doesn’t follow arrogant powers.”
“In this war, willpowers are fighting. The stronger willpower will win,” Khamenei added.
Unless willpower is measured by the size of one’s gold handicap, we doubt Obozo would disagree.
Elsewhere, the leader of the Antichrist Iranian Revolutionary Guards, general Qassem Soleimani, maintained that without the Antichrist Islamic Republic, the Antichrist Islamic State would now control all of Syria. The United States has been forced to back down in the region, he said, according to Antichrist Iranian reports.
Antichrist Iran also pivoted to its historic nemesis Antichrist Israel. Last week, a senior Antichrist Iranian military commander boasted that the Antichrist Islamic Republic could “raze the Antichrist Zionist regime in less than eight minutes.” Ahmad Karimpour, a senior adviser to the Antichrist Iranian Revolutionary Guards’ elite unit Antichrist al-Quds Force, said if Khamenei gave the order to destroy Antichrist Israel, the Antichrist Iranian military had the capacity to do so quickly.
“If the Supreme Antichrist Leader’s orders [are] to be executed, with the abilities and the equipment at our disposal, we will raze the Antichrist Zionist regime in less than eight minutes,” Karimpour said Thursday, according to the semi-official Fars News Agency.
A senior Iranian general on May 9 announced that the country’s armed forces successfully tested a precision-guided, medium-range ballistic missile two weeks earlier that could reach Antichrist Israel, the state-run Tasnim agency reported.
“We test-fired a missile with a range of 2,000 kilometers and a margin of error of eight meters,” Antichrist Brigadier General Ali Abdollahi was quoted as saying at a Tehran science conference. The eight-meter margin means the “missile enjoys zero error,” he told conference participants.
He was referring to a potential Antichrist Israeli strike, something which has not escaped the Israelis, who also realize that Antichrist Khamenei is absolutely right that the US “can’t do a damn thing” about the Antichrist Iranian program, which may in turn lead to a return of the same concerns which emerged for the first time in 2010 and 2011 that Israel would launch a preemptive strike against Antichrist Iran just to make sure Antichrist Iran does not do the same.
For now, however, Antichrist ISIS is providing a sufficient distraction to the much deeper and ongoing tensions in the Antichrist middle east.
Another day, another too-big-to-fail bank gets slapped on the wrist after being busted for blatant rigging of the market. The CFTC Order finds that, beginning in January 2007 and continuing through January 2012 (the Relevant Period), Citibank on multiple occasions attempted to manipulate, and made false reports concerning, the U.S. Dollar International Swaps and Derivatives Association Fix (USD ISDAFIX), a global benchmark for interest rate products. Notably, while a handful of European banks have already settled criminal or civil claims tied to Libor rigging, Citi is the first U.S. bank to do so.
The CFTC Order requires Citibank to pay a $250 million civil monetary penalty and to immediately cease and desist from further violations of the Commodity Exchange Act. Further, Citibank is required take specified steps to implement and strengthen its internal controls and procedures, including measures to detect and deter trading potentially intended to manipulate swap rates such as USD ISDAFIX and to ensure the integrity of interest-rate swap benchmarks.
“The CFTC’s order demonstrates that we will vigorously continue to investigate any efforts to manipulate financial benchmarks, and we will take action where possible to protect the integrity of these benchmarks,” said Aitan Goelman, the CFTC’s Director of Enforcement. Mr. Goelman further commented, “The terms of this settlement are intended to reflect all aspects of Citibank’s response to the investigation, including the evolving nature of its cooperation.”
Citibank’s Unlawful Conduct to Benefit Derivatives Positions
As the Order sets forth, Citibank attempted to manipulate USD ISDAFIX by making false USD ISDAFIX submissions. According to the Order, on multiple occasions during the Relevant Period, Citibank, in its role as a panel bank, submitted a rate or spread higher or lower than the reference rates and spreads disseminated to the panel banks on certain days that Citibank had a derivatives position settling or resetting against the USD ISDAFIX benchmark, in an attempt to benefit that derivatives position.
The Order also finds that Citibank, on multiple occasions, attempted to manipulate USD ISDAFIX by bidding, offering, and executing transactions in targeted interest rate products, including swap spreads and U.S. Treasuries at or near the critical 11:00 a.m. fixing with the intent to affect the reference rates and spreads captured in the snapshot sent to submitting banks, and thereby to affect the published USD ISDAFIX. As captured in electronic communications, Citibank traders boasted about “pushing out the isdafixing” or “push[ing]” the market, described USD ISDAFIX as being “suprising[ly] easy to push,” and explained the best way to “influence the set.”
The Order describes multiple examples involving these strategies for attempted manipulation and false reporting by Citibank during the Relevant Period.
Additionally, Citi faces fine for manipulating Yen Libor…
*CFTC ORDERS CITIBANK & JAPANESE AFFILIATES TO PAY $175M PENALTY
Citi issued the following statement:
“These settlements represent a significant step for Citi in resolving its legacy benchmark rate investigations. In addition to adopting industry-wide reforms related to participation in benchmark rates, Citi has made substantial investments in its systems, controls and monitoring processes to better guard against inappropriate behavior.
Our greatest priority is to ensure that we conduct business in keeping with the highest ethical standards. We continue to fully cooperate with pending investigations conducted by other agencies related to benchmark rate submissions.”
As they proudly note in the press release, with today’s actions, CFTC has imposed over $5.08 billion in penalties in 17 actions against banks and brokers to address rigging and manipulation in ISDAFIX, FX, and LIBOR benchmarks.
“Cost of doing business” is what we call that… you decide – basedon the spike in Citi’s stock – whether the market thinks this is a let-off or a real punishment…
In its article titled, How Corporate America Bought Hillary 911 Clinton for $21M, The New York Post details the companies and organizations that paid Hillary in speaking fees from 2013-2015.
The total comes to $21.7 million, which is a remarkable sum for one of the least charismatic and unimaginative orators the world has ever known.
It’s enough to make you sick.
The New York Post reports:
4/18/2013, Morgan Stanley, Washington, DC: $225,000
4/24/2013, Deutsche Bank, Washington, DC: $225,000
4/24/2013, National Multi Housing Council, Dallas, Texas: $225,000
4/30/2013, Fidelity Investments, Naples, Fla.: $225,000
5/8/2013, Gap Inc., San Francisco, Calif.: $225,000
5/14/2013, Apollo Management Holdings LP, New York, NY: $225,000
5/16/2013, Itau BBA USA Securities, New York, NY: $225,000
5/21/2013, Vexizon Communications Inc., Washington, DC: $225,000
5/29/2013, Sanford C. Bernstein and Co. LLC, New York, NY: $225,000
6/4/2013, The Goldman Sachs Group, Palmetto Bluffs, SC: $225,000
6/6/2013, Spencer Stuart, New York, NY: $225,000
6/16/2013, Society for Human Resource Management, Chicago, Ill.: $285,000
6/17/2013, Economic Club of Grand Rapids, Grand Rapids, Mich.: $225,000
6/20/2013, Boston Consulting Group Inc., Boston, Mass.: $225,000
6/20/2013, Let’s Talk Entertainment Inc., Toronto, Canada: $250,000
6/24/2013, American Jewish University, Universal City, Calif.: $225,000
6/24/2013, Kohlberg Kravis Roberts and Company LP, Palos Verdes, Calif.: $225,000
7/11/2013, UBS Wealth Management, New York, NY: $225,000
8/7/2013, Global Business Travel Association, San Diego, Calif.: $225,000
8/12/2013, National Association of Chain Drug Stores, Las Vegas, Nev.: $225,000
9/18/2013, American Society for Clinical Pathology, Chicago, Ill.: $225,000
9/19/2013, American Society of Travel Agents Inc., Miami, Fla.: $225,000
10/4/2013, Long Island Association, Long Island, NY: $225,000
10/15/2013, National Association of Convenience Stores, Atlanta, Ga.: $265,000
10/23/2013, SAP Global Marketing Inc., New York, NY: $225,000
10/24/2013, Accenture, New York, NY: $225,000
10/24/2013, The Goldman Sachs Group, New York, NY: $225,000
10/27/2013, Beth El Synagogue, Minneapolis, Minn.: $225,000
10/28/2013, Jewish United Fund/Jewish Federation of Metropolitan Chicago, Chicago, Ill.: $400,000
10/29/2013, The Goldman Sachs Group, Tuscon, Ariz.: $225,000
11/4/2013, Mase Productions Inc., Orlando, Fla.: $225,000
11/4/2013, London Drugs Ltd., Mississauga, Canada: $225,000
11/6/2013, Beaumont Health System, Troy, Mich.: $305,000
11/7/2013, Golden Tree Asset Management, New York, NY: $275,000
11/9/2013, National Association of Realtors, San Francisco, Calif.: $225,000
11/13/2013, Mediacorp Canada Inc., Toronto, Canada: $225,000
11/13/2013, Bank of America, Bluffton, SC: $225,000
11/14/2013, CB Richard Ellis Inc., New York, NY: $250,000
11/18/2013, CIIE Group, Naples, Fla.: $225,000
11/18/2013, Press Ganey, Orlando, Fla.: $225,000
11/21/2013, U.S. Green Building Council, Philadelphia, Pa.: $225,000
01/06/2014, GE, Boca Raton, Fla.: $225,500
01/27/2014, National Automobile Dealers Association, New Orleans, La.: $325,500
01/27/2014, Premier Health Alliance, Miami, Fla.: $225,500
02/06/2014, Salesforce.com, Las Vegas, Nev.: $225,500
02/17/2014, Novo Nordisk A/S, Mexico City, Mexico: $125,000
02/26/2014, Healthcare Information and Management Systems Society, Orlando, Fla.: $225,500
02/27/2014, A&E Television Networks, New York, NY: $280,000
03/04/2014, Association of Corporate Counsel – Southern California, Los Angeles, Calif.: $225,500
03/05/2014, The Vancouver Board of Trade, Vancouver, Canada: $275,500
03/06/2014, tinePublic Inc., Calgary, Canada: $225,500
03/13/2014, Pharmaceutical Care Management Association, Orlando, Fla.: $225,500
03/13/2014, Drug Chemical and Associated Technologies, New York, NY: $250,000
03/18/2014, Xerox Corporation, New York, NY: $225,000
03/18/2014, Board of Trade of Metropolitan Montreal, Montreal, Canada: $275,000
03/24/2014, Academic Partnerships, Dallas, Texas: $225,500
04/08/2014, Market° Inc., San Francisco, Calif.: $225,500
04/08/2014, World Affairs Council, Portland, Ore.: $250,500
04/10/2014, Institute of Scrap Recycling Industries Inc., Las Vegas, Nev.: $225,500
04/10/2014, Lees Talk Entertainment, San Jose, Calif.: $265,000
04/11/2014, California Medical Association (via satellite), San Diego, Calif.: $100,000
05/06/2014, National Council for Behavioral Healthcare, Washington, DC: $225,500
06/02/2014, International Deli-Dairy-Bakery Association, Denver, Colo.: $225,500
06/02/2014, Lees Talk Entertainment, Denver, Colo.: $265,000
06/10/2014, United Fresh Produce Association, Chicago, Ill.: $225,000
06/16/2014, tinePublic Inc., Toronto, Canada: $150,000
06/18/2014, tinePublic Inc., Edmonton, Canada: $100,000
06/20/2014, Innovation Arts and Entertainment, Austin, Texas: $150,000
06/25/2014, Biotechnology Industry Organization, San Diego, Calif.: $335,000
06/25/2014, Innovation Arts and Entertainment, San Francisco, Calif.: $150,000
06/26/2014, GTCR, Chicago, Ill.: $280,000
07/22/2014, Knewton Inc., San Francisco, Calif.: $225,500
07/26/2014, Ameriprise, Boston, Mass.: $225,500
07/29/2014, Coming Inc., Coming, NY: $225,500
08/28/2014, Nexenta Systems Inc., San Francisco, Calif.: $300,000
08/28/2014, Cisco, Las Vegas, Nev.: $325,000
09/04/2014, Robbins Geller Rudman & Dowd LLP, San Diego, Calif.: $225,500
09/15/2014, Caridovascular Research Foundation, Washington, DC: $275,000
10/02/2014, Commercial Real Estate Women Network, Miami Beach, Fla.: $225,500
10/06/2014, Canada 2020, Ottawa, Canada: $215,500
10/07/2014, Deutsche Bank AG, New York, NY: $280,000
10/08/2014, Advanced Medical Technology Association (AdvaMed), Chicago, Ill.: $265,000
10/13/2014, Council of Insurance Agents and Brokers, Colorado Springs, Colo.: $225,500
10/14/2014, Salesforce.com, San Francisco, Calif.: $225,500
10/14/2014, Qualcomm Incorporated, San Diego, Calif.: $335,000
12/04/2014, Massachusetts Conference for Women, Boston, Mass.: $205,500
01/21/2015, tinePublic Inc., Winnipeg, Canada: $262,000
01/21/2015, tinePublic Inc., Saskatoon, Canada: $262,500
01/22/2015, Canadian Imperial Bank of Commerce, Whistler, Canada: $150,000
02/24/2015, Watermark Silicon Valley Conference for Women, Santa Clara, Calif.: $225,500
03/11/2015, eBay Inc., San Jose, Calif.: $315,000
03/19/2015, American Camping Association, Atlantic City, NJ: $260,000
So are you ready?
(EDITOR’S NOTE: THIS SHORT ONLINE SERIES IS BEING POSTED IN THE LEADUP TO THE FINAL ENTRY BY TOM HORN AND CRIS PUTNAM REGARDING THEIR 4-YEAR INVESTIGATION INTO THE VATICAN, THE FINAL POPE PROPHECY, THE SECRETS OF MT. GRAHAM, THE LUCIFER DEVICE, AND AN IMMINENT WAR THAT POPE FRANCIS & THE MYSTICS BELIEVE WILL RESULT IN THE ARRIVAL OF THE FINAL ROMAN EMPEROR OF ANCIENT CATHOLIC PROPHECY)
COMING UP NEXT—PART 6: The Rise of the Antichrist Islamic State and the Coming of the REAL Antichrist Mahdi
He said to them, “I watched Satan fall from heaven like [a flash of] lightning. 19 Listen carefully: I have given you authority [that you now possess] to tread on [d]serpents and scorpions, and [the ability to exercise authority] over all the power of the enemy (Satan); and nothing will [in any way] harm you.
20 Nevertheless do not rejoice at this, that the spirits are subject to you, but rejoice that your names are recorded in heaven.”
Two successive Chiefs of Staff of the Air Force, Generals Michael E. Ryan and John P. Jumper, appeared as themselves in season 4’s “Prodigy” and season 7’s “Lost City”, respectively. General Jumper’s second scheduled appearance in season 9’s “The Fourth Horseman” was cancelled due to ongoing real-world conflicts in the Middle East.
Now the serpent was more crafty (subtle, skilled in deceit) than any living creature of the field which the Lord God had made. And [a]the serpent (Satan) said to the woman, “Can it really be that God has said, ‘You shall not eat from [b]any tree of the garden’?” 2 And the woman said to the serpent, “We may eat fruit from the trees of the garden, 3 except the fruit from the tree which is in the middle of the garden. God said, ‘You shall not eat from it nor touch it, otherwise you will die.’” 4 But the serpent said to the woman, “You certainly will not die! 5 For God knows that on the day you eat from it your eyes will be opened [that is, you will have greater awareness], and you will be like God, knowing [the difference between] good and evil.”
For the coming of the Son of Man (the Messiah) will be just like the days of Noah. 38 For as in those days before the flood they were eating and drinking, marrying and giving in marriage, until the [very] day when Noah entered the ark,
39 and they did not know or understand until the flood came and swept them all away; so will the coming of the Son of Man be [unexpected judgment].
Venezuela is in a state of complete crisis. The country has been forced to face the horrors of hyperinflation, food shortages, and devastating depression. In spite of having the world’s largest oil reserves, the country has had to resort to rationing electricity. A horrifying article by the New York Times depicts the state of Venezuelan hospitals, with children dying by the day due to a lack of medicine and basic supplies.
This is the terrifying reality of socialism, the inevitable consequence of the economic policies of the late Hugo Chavez and his successor, Nicolás Maduro. Since 1999, the two socialist administrations championed price controls, nationalization of industries, and wealth redistribution.
While it is not surprising to see these policies supported by Marxist politicians, what is deeply troubling is the amount of support the Venezuelan model has received from prominent economists over the years. During a visit in 2007, Joseph Stiglitz, who received the 2001 Nobel Prize in economics, praised what he called “positive policies” of the Chavez administration:
Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighborhoods of Caracas. … It is not only important to have sustainable growth, but to ensure the best distribution of economic growth, for the benefit of all citizens.
What should alarm Americans is that Stiglitz, who has been described as an “influential advisor to Hillary 911 Clinton,” appears determined to bring similar policies here.
Last year, as chief economist for the Roosevelt Institute, Stiglitz called for “rewriting the rules of the American economy” in a crusade against income inequality. His policy recommendations include higher taxes, more “smarter” regulation, and having the Federal Reserve focus more on unemployment than keeping inflation low — a call for an even more activist Fed than we’ve had since 2008.
It is ironic that Stiglitz has chosen to brand his policy recommendations as some new innovative concept for the country, when it is simply doubling down on the interventionist policies that the nation has suffered from for over 100 years.
Unfortunately, hearing such drivel come from a Nobel Prize winner isn’t surprising. Karl-Friedrich Israel has recently noted how the Nobel Prize has a history of being used as an endorsement of central planning. Socialist governments have long been able to count on American economists to serve as apologists for their schemes. In the 1960s, Paul Samuelson’s widely read economics textbook infamously described the socialist economy of the Soviet Union as growing faster than America’s
This explains how Bernie Sanders has been able to receive the endorsement of 170 self-proclaimed “economists and financial experts” during his campaign.
Ludwig von Mises once wrote, “No one can escape the influence of a prevailing ideology.” The images coming from Venezuela should serve as a potent reminder of how dangerous the ideas of men like Joseph Stiglitz are.
Statism and economic interventionism must be rejected, in order for humanity to thrive.
(EDITOR’S NOTE: OVER THE NEXT FEW WEEKS A SHORT ONLINE SERIES WILL BE POSTED IN THE LEADUP TO THE FINAL ENTRY BY TOM HORN AND CRIS PUTNAM REGARDING THEIR 4-YEAR INVESTIGATION INTO THE VATICAN, THE FINAL POPE PROPHECY, THE SECRETS OF MT. GRAHAM, THE LUCIFER DEVICE, AND AN IMMINENT WAR THAT POPE FRANCIS & THE MYSTICS BELIEVE WILL RESULT IN THE ARRIVAL OF THE FINAL ROMAN EMPEROR OF ANCIENT CATHOLIC PROPHECY)
“Caught as it flew down and entered Earth. What is it? Any ideas?”
British voters are being “conned” by Brussels officials who are keeping plans for a European army secret until after the referendum, leading Tories have claimed.
Liam Fox, the former defence secretary who served under David Cameron, told The Telegraph that the ambitions showed the EU is wedded to the “dangerous fantasy” of creating a single defence force.
Another eurosceptic Tory MP said voters were being “deceived” and “hoodwinked” about the true scale of the EU’s drive to create a single army.
The backlash came as it emerged plans to move towards the creation of a European army are being kept secret from British voters until the day after next month’s referendum.
‘What We Know Is Coming Is The Perfect Petri Dish For Bad Things To Happen’
Reading for May 28, 2016 ~ Iyyar 20, 5776
Lev 26:3-27:34 ~ Jer 16:19-17:14 ~ Lk. 23-24
Lightning from cloudless sky! 40 children injured in separate lightning strikes Saturday in Europe
What do synthetic DNA, the UFO phenomenon, and the supernatural realm have in common? Dr. Michael S. Heiser, author of ‘The Unseen Realm’ and the novels ‘The Facade’ and ‘The Portent’, discusses the recent secret meeting at Harvard by a group that wants to synthesize the human genome and explains why their work is inherently theological and eschatological.
Hungarian physicists have detected an anomaly in radioactive decay which may imply the existence of another, so far unknown, fundamental force of nature. The research results indicate a new, light boson, 34 times heavier than the electron particles may exist. The discovery has been met with both skepticism and excitement from the scientific community. Further experiments will be necessary to corroborate the particle’s existence, but experts predict it will either be confirmed or rebutted within a year.