Corruption Information 1156
The politics of greed is what keeps this world wrapped in corruption. If you want to stick around for a while longer, I suggest you educate yourself and try to do something constructive to help save what little good, honesty, and trust we have left.
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http://www.rense.com/general81/grad.htm
Grad Student Rips B.U. For
Blocking 911 Inquiry
5-2-8
Grad student declares BU "illegitimate" for blocking legitimate inquiry into 9/11, war on terror, Bush/Cheney impeachment
Boston University graduate student Christian Tutschka's efforts to initiate legitimate inquiry into impeachable offenses committed by President Bush and vice-President Dick Cheney have been blocked by the university's faculty. On March 31, 2008, Tutschka wrote a letter to the university's president declaring the institution's illegitimacy, supporting his contention with BU's own mission statement to "serve the future" and higher education's purpose to "...tolerate all points of view..." and subject them "...to vigorous criticism..." The university's response was not to honor their student's legitimate concerns by facilitating the inquiry he seeks, but to try fitting Tutschka with a "psychological jacket" intended to brand him as mentally unstable. As you will see, Tutschka is quite lucid. Following is the letter he sent to BU President Robert A. Brown. In it, Tutschka, a member of Student Scholars for 9/11 Truth, places the university in a position where it must either concede and approve the time and resources necessary to facilitate legitimate inquiry into questions about 9/11, the subsequent war on terror and the war crimes Tutschka and others are alleging against Bush and Cheney...or...refuse to open its doors to such inquiry. Thus far, Boston University has chosen the latter.
Letter to President of Boston University, March 31, 2008
Dear President Brown,
My name is Christian Tutschka and I am a M.A. candidate in the International Relations and Environmental Policy (IREP) Program here at Boston University.
I believe Boston University is an illegitimate "university" or "institution of higher learning." Beginning today I will suspend my participation in the IREP program at BU until I once again believe BU is a legitimate institution. The following will explain this decision:
The Role and Purpose of the "University"
BU Website: "Forging our future More than any other institution in our society, the modern university exists to serve the future. Boston University does this by educating individuals for fulfilling, productive lives and by creating solutions to pressing or anticipated problems through research." [i]
John Silber, Former BU President (1971-1996): "A university - whether publicly or privately funded - cannot pursue the truth and advance knowledge unless it can proceed in freedom with toleration of all points of view and with vigorous criticism of each" (Excerpt from Silber's essay, "On the Purpose of a University," which was, until recently, on display at Mugar Library).
Given this role and purpose, the "university" acts as a "power center" of our society. A societal "power center" is an institution dedicated to serving society with the ability to influence the direction of a society.
The Failure of BU as a "University"
BU has failed to perform its role and purpose due to the following three reasons:
1) Impeachment: There is clear evidence that members of the Bush administration have committed not only impeachable offenses, but crimes against humanity, some of which include: lying to the public about the threat of the Iraqi regime, the illegal invasion and occupation of two sovereign nations (which has cost the lives of over 4000 U.S. soldiers[ii], left thousands permanently disabled and has killed over 1,000,000 Iraqi civilians[iii]), using illegal weapons of mass destruction, failing to protect civilians in war zones, condoning torture, illegal spying on Americans, and the list goes on.[iv]
The fact that Congress has not initiated impeachment proceedings against members of the Bush administration is evidence that each member of Congress is a political criminal for failing in their Constitutional duty to protect the Constitution and act as a check against an abusive and tyrannical executive branch.
In effect, our system of government has, over the years, become completely corrupt and all of our public officials in Washington, D.C. are corrupt political criminals. When this occurs, it is the duty of the other "power centers" of society to demand their removal. BU has failed to do this.
2) 9/11: There are many legitimate professionals in various disciplines that question the findings presented in the 9/11 Commission Report concerning the events of 9/11 due to the uncontroversial evidence-much of it not investigated by the Commission-that demonstrates various events could not have occurred as described in the Report.[v]
As 9/11 was the event that launched the global "war on terrorism" which continues to affect the global community, these professionals are demanding a new, independent investigation. BU has failed to publicly demand a new, independent investigation and rather has promoted the conclusions of the flawed 9/11 Commission Report.
3) My Experience: When sharing some of these ideas with some professors, I have been ignored, dismissed, and even reprimanded. This is incompatible with free, critical thought which is necessary for determining truth and serving society.
Furthermore, I have witnessed statements and behaviors from professors regarding these issues that have left me shocked and disappointed. Some statements contained such false understandings or flawed reasoning that the consequences could be described as dangerous given that these individuals are professional educators. As the list is long, I have not included it here, but I can provide it per request.
The Challenge for Re-Legitimization
I will consider BU to be a legitimate "university" if:
1) Congress has initiated impeachment proceedings against members of the Bush Administration and a new, independent investigation of the events of 9/11 commences and BU has been instrumental in causing this.
OR
2) I receive satisfactory answers to all of the following questions:
For the Physics and Engineering Professors:
1. How could World Trade Centers 1 and 2, both 110-story steel-framed structures, collapse in an average of about 10 seconds which is a rate at or exceeding free-fall speed from fire and the impact of the planes? The 9/11 Commission Report explains these collapses as "pancake collapses," however this type of collapse would take considerably longer. Also, the "pancake collapse" theory cannot account for the destruction of the interior steel-beam core, or the complete pulverization of the buildings.[vi]
2. How could World Trade Center 7, a 47-story steel-framed structure, collapse in under 7 seconds in a controlled-demolition style at around 5:20 p.m. on the afternoon of 9/11 when it was not hit by a plane and received considerably less damage than other WTC buildings which were left partially standing? The 9/11 Commission Report did not even mention the collapse of WTC 7.[vii]
For the Law Professors:
3. How can the various acts of the Bush administration not be considered impeachable offenses and crimes against humanity?
4. How can members of Congress not be considered "political criminals" for not initiating impeachment proceedings against members of the Bush administration (both Representatives for not initiating the process and Senators for not demanding that they do)?
5. How is this country not turning into a type of totalitarian "police state," complete with concentration camps,[viii] given the various unconstitutional acts passed by Congress and the various unconstitutional National Security Presidential Directives, Homeland Security Presidential Directives, and Executive Orders passed by the Bush administration?[ix]
For the Military and Intelligence Professors:
6. Why were there military drills that occurred on 9/11, some simulating very similar events as which occurred on 9/11? (The drills: Amalgam Virgo, Vigilant Guardian, Northern Guardian, Vigilant Warrior, Northern Vigilance, Amalgam Warrior, Global Guardian, Crown Vigilance, Apollo Guardian, National Reconnaissance Office, AWACS, Fort Meyer - Virginia, TRIPOD II - Manhattan, Timely Alert II.)[x]
7. Professor Michel Chossudovsky has compiled a wealth of evidence concerning the links between the CIA, Osama bin Laden, "Al Qaeda," and the Pakistani ISI which supports the claim that Osama bin Laden and the "Al Qaeda" network are agents of the U.S. military/intelligence complex.[xi] Given this evidence, how can one claim that Al Qaeda is anything but a manufactured "scapegoat enemy" working, at least in part, for the U.S. military/intelligence complex?
For the History Professors:
8. The U.S. entered major conflicts in the 20th Century only after being provoked. There is evidence that some of these provocations were either "false-flag attacks" (Sinking of the RMS Lusitania, the Gulf of Tonkin Incident), or were allowed to happen (Pearl Harbor).[xii] Given this history, how is it possible that 9/11 could not also be a false-flag attack to launch the global "war on terror" and justify the invasion of Middle Eastern states?
9. How is the Bush Family, going back to grandfather Prescott Bush and his involvement in building Hitler's Nazi regime, not a crime family?[xiii]
For the BU Administration:
10. Within hours of the attacks on 9/11, the Bush Administration blamed Osama bin Laden and al Qaeda. There was no investigation carried out before this claim was made. Did BU demand an official independent investigation into the events of 9/11 before or after this claim was made? If not, why not?
11. If I am mistaken, and BU is indeed a legitimate "university," I would like BU to explain to me how my reasoning is flawed.
If I do not receive a response from Boston University regarding this letter, or this letter is dismissed or ridiculed in any way, I will consider this a violation of the role and purpose of a university. Furthermore, if I am dismissed from Boston University as a consequence of this letter and the decision stated in this letter, I will also consider this a violation of the role and purpose of a university and I will take appropriate action against Boston University.
Sincerely,
Christian Tutschka
[Letter, references and comments at
Go to 13316
http://www.rense.com/general81/blood.htm
Carnicom - Possible Weaponized
Chlamydia Strain In Blood?
5-2-8
Note - The following was compiled as part of Clifford Carnicom's research into Morgellons and anomalies turning up in human blood samples. For more information go to Carnicom.com. - JR
=http://lib.bioinfo.pl/meid%3A24426
Go to 13315
http://www.africancrisis.co.za/Article.php?ID=26545&
Friday 02-May-2008
ZIMBABWE: GUNS SAVE LIVES, CITIZENS NEED TO BE ARMED
It is always a humanistic and pagan concept of peace that citizens should not be armed to protect their wives, children and property from criminals. It cannot be disputed with success that guns save innocent lives from assailants.
In Zimbabwe people are being abducted and murdered or tortured by state sponsored criminals. Women are being raped by state sanctioned militias. Tight gun control laws have left millions of Zimbabweans virtual unarmed and more vulnerable to criminals.
ZANU PF terrorist and criminals were able to commit genocide in 1983 because the Ndebele people were not armed. If the Ndebele's were armed that could have saved many innocent lives. Today, Zimbabwe will not be mourning 40 000 Ndebeles who died in genocide. Often victims of genocide are disarmed citizens.
Immaturity blinds us from seeing long term consequence's of certain ideas. Surrendering the right to self-defense is tantamount to committing suicide. Most genocides are preceded by 'Gun Control' laws. In Rwanda the Tusti's were disarmed before being massacred. Its better to get a Civil War than to get genocide. The truth is that many people die in genocide than civil war.
Self- defense is honorable and Holy. Love must compel us to provide security to children, women and our neighbor. The wicked shall always be there and God has not left us at the mercy of these criminals. Our lives are precious to God. Self-defense is Biblical. Guns are good, if properly used they prevent rape, robbery and murder such as going on in Zimbabwe.
The new MDC government upon assuming office must allow citizens to be armed. Potential tyrants do not want citizens to be armed. The modern government like a god is jealous of its power and does not want strong families and defensive communities.
Pacifism is wrong. God is not a pacifist nor was Jesus a pacifist as the rebellious, modern Church depicts Him. Jesus commanded his disciples to be armed with swords for their defense from bandits. Many people try to spiritualise this, but before long we see Peter using the sword in John 18:10. In verse 11, Jesus commanded Peter to put the sword in its proper place, this, clearly show that Peter was used to carry this sword. Peter was rebuked because he wanted to use the sword to defend the Lord, Jesus Christ.
You can defend yourself or your neighbor not Christ who could send a legion to crush His enemies. Furthermore the disciples did not wait for Jesus to answer them, "Lord shall we strike with the Sword?" Luke 22:49.
In the Bible God is depicted as a warrior or lion of the tribe of Judah. If God is not a pacifist, therefore, His children cannot be pacifists. It is immaturity to blame knives and guns which can be used for good – self-defense. Any nation that deny the truth about self-defense and guns will end up being enslaved and abused by dictators.
Go to 13314
http://www.naturalnews.com/023124.html
Merck Plant Dumps Vaccine Waste and Chemicals Into Water Supply
Tuesday, April 29, 2008 by: Joanne Waldron
(NaturalNews) Merck, the maker of the very controversial Gardasil vaccine, has a pharmaceutical plant located in West Point, Pennsylvania, that discards pollutants from this facility into the Upper Gwynedd Township Publicly Owned Treatment Works (UGT POTW), according to a press release by the U.S. Department of Justice. The treated wastewater is released into the Wissahickon Creek, a tributary of the Schuylkill River. A federal court complaint was filed alleging that Merck violated the Clean Water Act with various discharges that caused numerous pass through and interference violations at the UGT POTW.
On June 13, 2006, Merck released potassium thiocyanate (KSCN) into the water that reacted with the chlorination at UGT POTW which resulted in extensive fish kills in the Wissahickon Creek on June 14th and 15th. The Philadelphia Water Department had to shut down its Schuylkill River drinking water intake for several days, and a health advisory was issued stating that all recreational uses on the Wissahickon Creek were prohibited from June 14th – July 10th. Then, on August 8th and 9th, Merck released a batch of spend substrate used in vaccine production which caused large-scale foam discharge into the creek. Later, on the 16th, Merck released a massive amount of cleaning agents that when treated at UGT POTW caused another major foam discharge.
Merck has agreed to settle the violations of federal and state water pollution regulations. Merck will pay $10 million to institute a system that will prevent future hazardous discharges from their plant. They will also spend approximately $9 million for environmental projects and will pay $1,575,000 in penalties and civil damages for past violations. "Merck's actions led to an extensive fish-kill and caused the Philadelphia Water Department to temporarily shut down its drinking water operations," stated Acting Assistant Attorney General Tenpas. "This settlement ensures that Merck will take steps to prevent future illegal discharges including installing an early warning system to protect drinking water."
There have been many stories in the news lately concerning the problems with municipal water systems. "Perhaps more than anything else, this settlement says to every company that discharges dangerous chemicals as part of its operations that it is accountable to the environment and the community," said U.S. Attorney for the Eastern District of Pennsylvania, Pat Meehan. "Because when you get right down to it, no one should have to wonder, when they walk into the kitchen for a glass of water, if what they are about to drink is going to make them or their children sick."
Go to 13313
http://www.naturalnews.com/021645.html
Merck set up offshore accounts to avoid U.S. taxes; settles with IRS for $2.3 billion
Monday, February 26, 2007 by: M. T. Whitney
NaturalNews) American pharmaceutical giant Merck & Co. for years held offshore accounts in Bermuda to hold patents for two of its drugs, and then used the royalties from these patents as tax deductions in the United States.
On Wednesday, the company agreed to pay $2.3 billion to the Internal Revenue Service, settling a three-year tax evasion dispute.
What you need to know - Conventional View
• The settlement is the second-largest ever for the IRS. The first? British pharmaceutical company GlaxoSmithKline settling for $3.4 billion.
• The Merck settlement was significantly less than the $3.8 billion the IRS was seeking, but it avoids a lengthy tax fraud lawsuit.
• The tax shelter Merck set up in the Bermudas for its subsidiary company meant the company was essentially deducting money used to pay itself.
• The drugs involved were Zocor and Mevacor, both extremely popular and profitable drugs for cholesterol.
• Merck reported $22.6 billion in sales for 2006, and said it does not expect its bottom line to be affected by the settlement.
• Merck & Co. is an American company with German origins – Merck came from Germany, but was seized by the United States and forcibly split from its parent company at the end of World War I.
• "Generally, a settlement is safer for both sides than rolling the dice," Martin G. Laffer, a certified public accountant, told the L.A. Times newspaper. Laffer often testifies in tax fraud cases.
What you need to know - Alternative View
Statements and opinions by Mike Adams
• In addition to being sued by the IRS, Merck has been sued by tens of thousands of consumers over its anti-inflammatory drug, Vioxx. Merck is also the company behind the Texas HPV vaccination scheme that seeks to profit from injecting teenage girls with medically unnecessary pharmaceuticals.
• "It is curious that Merck, one of the wealthiest corporations in the world, would go to such lengths to avoid paying taxes in the United States. If there is any one industry that can clearly afford to pay its fair share of taxes, it's the pharmaceutical industry." - Mike Adams, author of Natural Health Solutions and the Conspiracy to Keep You From Knowing About Them
Bottom line
• Merck used a questionable tax shelter, and paid out $2.3 billion to settle a lawsuit from the IRS.
Go to 13312
http://www.roguegovernment.com/news.php?id=8785
Road Tax Hike Makes Family Cars Worthless
05-01-2008
AP
Tens of thousands of cars will become almost worthless as a result of the decision to raise road tax on older models with higher carbon dioxide emissions by up to £245 a year.
Many families will find that they cannot sell their cars even though they are in good working order and no more than seven years old.
The Times revealed yesterday that the Treasury had quietly abolished the exemption from higher road-tax rates for cars that emit more than 225g of CO2 per km and were registered between March 2001 and March 2006.
CAP, which supplies the used car industry with data on residual values, said that many larger cars would be reduced to their scrap value because they would fall into one of the higher tax brackets being introduced for high-emission cars next April.
Go to 13311
http://www.roguegovernment.com/news.php?id=8788
Layoffs Rise 68% In April
05-01-2008
Reuters
NEW YORK (May 1) - U.S. companies' planned layoffs jumped 68 percent in April from the prior month to the highest since September 2006, pointing to further deterioration in the labor market, a report showed on Thursday.
Planned job cuts in U.S. companies totaled 90,015 last month, up from 53,579 in March and up 27 percent from a year earlier, employment consulting firm Challenger, Gray & Christmas Inc. reported.
The April layoffs were the steepest since the 100,315 cuts announced in September 2006.
Most of the announced job cuts came from the financial sector, due to the housing slump and about $300 billion in write-downs on bad mortgages and investments, the firm said.
The financial services industry announced 23,106 cuts in April with almost half of them occurring in a two-day period that saw hefty planned layoffs from Citigroup (C.N) and Merrill Lynch (MER.N), it said.
The telecommunications sector was second in announced layoffs in April with 8,007, followed closely by 7,954 planned cuts in the transportation industry.
Employers have announced 290,671 jobs to be eliminated in the first four months of 2008, up 9 percent from the 266,658 cuts recorded during the same span in 2007, the firm said.
Going forward, the fallout from record oil prices may result in more layoffs than the housing slump, John A. Challenger, chief executive officer of Challenger, Gray & Christmas.
"The impact of high gasoline prices is rippling through the economy much faster than the housing collapse ever did or will," Challenger said in a statement.
(Reporting by Richard Leong; Editing by Theodore d'Afflisio)
Go to 13310
http://www.thetruthseeker.co.uk/article.asp?ID=8505
Green Zone Follies Baghdad April 25, 2008
TBR News.org – April 25, 2008
“We are getting bombarded fairly regularly, now, and the command structure is frantic to put a stop to it. No sooner do they cleanse a suspect launch area (which consists of the use of flamethrowers and bulldozers on poor neighborhoods) than the Evil Ones move to a new location. But aside from a few dead colonels and damaged pool halls, the real menace here is from the Christian Loonies. Yes, kids, these vile creeps have penetrated even into the ranks of the military and in fact, lead it. Many, but not all, of our young officers are part and parcel of a plan, concocted with the full approval and entire cooperation of the degenerate occupant of the Offal Office to Christianize our officer corps. We have shavetails and captains running amok in the field, demanding Total Obedience to Jesus the Lord from the sorely tried troops. Lousy food, no leave, heavily censored mail, chances of death or dismemberment at any time and to put the cherry on the sundae, we now have drooling Jesus freak officers and their mandatory prayer sessions (while under fire) to cope with.
A really joyful story to relate on this subject. One Captain of an Infantry unit who used to dole out daily rants of nuttiness got caught out by some of his men while in the latrine. They smashed his head in with a heavy socket wrench, cut off his testicles and shoved them down his dead throat with the butt end of his big crucifix that he waved around when the shooting stopped. When he was found, the flies were having a field day and you couldn’t get downwind from the bloated mess or you’d puke. Another soul saved for the Lord! And close the coffin and put in the usual note for the Stateside undertaker not to open it under any circumstances. I do feel sorry for the victims of these crazies, I do indeed. We do need more affirmative actions in the latrines to stop this crap.”
www.tbrnews.org/Archives/a2836.htm#011
Go to 13309
http://www.thetruthseeker.co.uk/article.asp?ID=8510
McCain accused of accepting improper donations from Rothschilds
Daniel Nasaw – Guardian April 29, 2008
A US campaign watchdog has accused presumptive Republican president nominee John McCain of violating election laws by accepting campaign contributions from two prominent Londoners.
At issue is a fundraising luncheon held in March at London's Spencer House, during McCain's swing through the United Kingdom. An invitation to the event lists Lord Rothschild and Nathaniel Rothschild as hosts, and indicates the event was made possible with their "kind permission".
Judicial Watch, a Washington organisation instrumental in the March release of Hillary Clinton's White House schedules, has asked US election monitors to investigate whether the Rothschilds improperly sponsored the fundraiser. US political campaigns are forbidden from accepting contributions from foreign nationals.
"The question is whether or not the Rothschilds paid for the event, the venue, the catering, or any other related costs," said Judicial Watch president Tom Fitton.
Tickets to the event cost $1,000 to $2,300, and the luncheon dress code was "lounge suits," the Washington Post reported in March.
The McCain campaign did not immediately return a call seeking comment.
Judicial Watch also complained to the US election authority, the federal election commission, about Elton John's involvement in Clinton's campaign. The group alleged the British rocker broke US campaign laws by performing at a fundraiser for the New York senator. The Clinton campaign argued US law allowed the British musician to volunteer his time and solicit Americans for contributions.
The federal election commission is unlikely to act soon on the group's McCain complaint. It is currently short-handed, a result of a political squabble between the Democratic-led senate and the Bush administration, and lacks a quorum to take action.
www.guardian.co.uk/world/2008/apr/29/johnmccain.uselections2008
Go to 13308
http://www.thetruthseeker.co.uk/article.asp?ID=8522
Are these Syrian nuclear pictures faked?
Ewen MacAskill – The Guardian May 1, 2008
The CIA published three aerial photographs last week purporting to show a Syrian nuclear reactor, bombed by Israel last September. But are the pictures all that they seem? Doubts about their authenticity have been raised by Professor William Beeman, head of anthropology at the University of Minnesota, who has had a long involvement with the Middle East.
He posted on a Los Angeles Times website a note received from a "colleague with US security clearance" pointing out "irregularities". The unnamed colleague said a picture taken before the bombing looked as if it had been digitally enhanced, noting that the lower part of the building, the annexe and the windows pointing south appeared much sharper than the rest.
He also questioned why the alleged reactor had no air defences, no military checkpoints and no powerlines. Turning to two shots of the bombed building, he noted that the first showed a rectangular building and the second a square one. Were they the same building?
His note has produced lively and detailed exchanges, involving photo technicians, graphic artists and military analysts past and present, including a specialist in aerial reconnaissance. The basic divide is between those who think it is unpatriotic to question the Bush administration and those suspicious that it is a rerun of 2003, when the administration put out misleading intelligence before the Iraq invasion.
Bloggers supportive of the CIA acknowledge that the first picture was digitally enhanced but say that the CIA never claimed last week that it was untouched. As for the discrepancies between pictures two and three, they suggest that the differences between the rectangular shape and the square can be explained by having been taken at different angles.
Beeman told the Guardian he did not know one way or another whether there had been a nuclear reactor in the desert, but he had been concerned last week when the administration put out the pictures. "It was so sloppy and obviously doctored," he said.
"My friend who watches this material carefully in his capacity as an analyst said, 'This does not add up.'”
www.guardian.co.uk/world/2008/may/01/syria.nuclear
Go to 13307
http://www.thetruthseeker.co.uk/article.asp?ID=8523
Police: Woman believed to be 'D.C. madam' kills herself
Associated Press – May 1, 2008
TARPON SPRINGS, Fla. (AP) - Police say a woman believed to be the one convicted of running a high-end prostitution ring in Washington has been found dead of an apparent suicide in a Florida Gulf Coast town.
Tarpon Springs police say a body they believed to be 52-year-old Deborah Jeane Palfrey was found in a shed near her mother's mobile home Thursday morning. She left a suicide note, but police did not disclose its contents.
Palfrey was convicted April 15th by a federal jury of running a prostitution service that catered to members of Washington's political elite, including Senator David Vitter, a Louisiana Republican.
She had denied her escort service engaged in prostitution, saying that if any of the women engaged in sex acts for money, they did so without her knowledge.
www.wlns.com/global/story.asp?s=8256219&ClientType=Printable
Also see:
Feds Seek To Gag D.C. Madam
Sex scandal in DC and Maryland threatens Bush Administration and GOP
LISTEN to Deborah Palfrey, the so-called D.C. Madam, who tells Alex Jones she would never commit suicide!
Go to 13306
http://business.timesonline.co.uk/tol/business/industry_sectors/natural_resources/article3835693.ece
April 29, 2008
Rockefellers urge action on climate change
Robin Pagnamenta, Energy and Environment Editor
One of America’s most powerful families will call tomorrow for a sweeping shake-up at the top of ExxonMobil, the world’s largest company.
A group of descendants of John D. Rockefeller, who founded Exxon's predecessor Standard Oil in 1870, will begin a campaign to split the role of chief executive and chairman of the board at the oil and gas group, a role held by Rex Tillerson.
Last night the family group issued a statement saying that the company’s leadership was “failing to address the future of energy and related industry hurdles”.
It said that representatives would make an announcement in New York to explain “that a majority of the family is now so concerned about the direction of ExxonMobil Corporation that it is urging a major change”.
Related Links
Oil speculators push price to £5 gallon
Exxon chief: oil states must open to investment
Assets frozen at request of oil company
Exxon, which earned $40 billion (£20 billion) last year, when Mr Tillerson was paid $21.7 million, was the slowest of the big oil majors to acknowledge climate change. The family is calling for an independent chairman and a bigger leadership role for the directors. The campaign comes as big oil companies face mounting pressure to deal with public concern over global warming.
More than 100 Rockefeller descendants hold a significant stake in Exxon through a variety of trusts, but the exact percentage is unknown.
The campaign is being spearheaded by Neva Rockefeller Goodwin, an economist and great-granddaughter of John D. Rockefeller, as well as Peter O’Neill, head of the Rockefeller family committee dealing with ExxonMobil. He is a great-great-grandson of John D. Rockefeller.
Exxon produces nearly 4.2 million barrels of oil a day and had revenues of $404.5 billion during the past fiscal year. Its market capitalisation is about $500 billion.
In 2006 Senator Jay Rockefeller wrote to Mr Tillerson urging the company to stop funding groups that denied the existence of climate change.
Go to 13305
http://www.realjewnews.com/?p=190
HOW THE ROTHSCHILD DYNASTY OPERATES
SECRECY IS THE HALLMARK of the Jewish Rothschild Dynasty. But I, Brother Nathanael Kapner, a former Jew, am intent on bursting the “Rothschild-bubble.” I am doing this because I perceive that the Rothschilds, (they are Jews), are the leaders, (they are secretive), in destroying Christian civilization throughout the world.
Here Is A List Of The Prominent Family Members Of The Jewish Rothschild Dynasty & Their Principal Functions:
Jacob Rothschild: Born in 1936 in England. After gaining prominence in the family bank, NM Rothschild and Sons in London, he established in 1988, the Rothschild Investment Trust, now known as RIT Capital Partners Here which holds controlling investment interest in Royal Dutch Shell Oil.
~ Jacob Rothschild is the Chairman of Yad Hanadiv Here, a Zionist Charity of the Rothschilds’, which gave to Israel the Knesset & the Israeli Supreme Court.
Nathaniel Rothschild: Born in 1971 in England. He is Jacob Rothschild’s son & heir apparent. He began his career in 1994 at the Rothschilds’ Jewish sister bank, Lazard Brothers in London.
~ Currently, Nathaniel Rothschild is an executive (what else would he be?) with Gleacher Partners, a New York-based mergers and acquisitions (M&A) advisory firm founded by Eric Gleacher, former head of M&A at another Jewish sister bank of the Rothschilds,’ Lehman Brothers.
~ It should be noted that both Lazard Brothers & Lehman Brothers hold shares along with the principal share holder, NM Rothschild & Son, in the privately-held Jewish bank known as the Federal Reserve System of America Here.
Evelyn Rothschild: Born in 1931 in France. He began his career as Director of the Paris-based De Rothschild Frères Bank. Between 1976 & 1982 he became Chairman of NM Rothschild & Sons in England & Rothschild Bank in Zurich. He is also honorary director of De Beers Consolidated Mines & IBM United Kingdom Holdings Limited.
~ Evelyn Rothschild is a man of many propaganda-hats. He has served in Directorships of the internationally renown, The Economist, and newspapers owned by Lord Beaverbrook, which included the London Evening Standard & the Daily Express. He has also served as Director of Lord Black’s Daily Telegraph.
David René Rothschild: Born in 1942 in NYC. He is currently the Senior Partner of Rothschild & Cie Banque of Franc Here. He took over the Chairmanship of NM Rothschild & Sons of London upon the “retirement” of Evelyn Rothschild in 2003.
Benjamin Rothschild: Born in 1963 in France. He succeeded his father, Edmound de Rothschild, as Chairman of the LCF Rothschild Group in France Here. The LCF Rothschild Group, centered in Paris with a branch in Tel Aviv, has a global network Here of financial institutions with assets over €100 billion.
THE ROTHSCHILD DYNASTY CONTROLS ZIONIST POLITICS
THE STATE OF ISRAEL would not exist if it were not for the Jewish Rothschild Dynasty. Shimon Peres, the current President of Israel, recently said the following about the Rothschilds:
“Never has a family donated so much of its wealth to the making of the State of Israel.”
Between 1890 and 1924 Edmound Rothschild had established many settlements in Palestine Here through his co-funding of the Jewish National Fund. Later his son, James, established Yad Hanadiv, to finance the Zionist entity of Israel. Today, Jacob Rothschild is the Director of Yad Hanadiv.
Due to Yad Hanadiv donating 6 million Israeli Pounds towards the construction of the Knesset building & millions more for the Israeli Supreme Court, and because of his continual benefactions, Jacob Rothschild has been named an “Honorary Fellow of Jerusalem.” In other words, the Rothschild Dynasty is underwriting the Zionist State of Israel.
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http://www.cbsnews.com/stories/2008/04/30/business/main4057490.shtml
Iran Ends Oil Transactions In U.S. Dollars
OPEC's Second-Largest Producer Now Pegs Petroleum To Euros And Yen
TEHRAN, Iran, April 30, 2008
Iranian oil workers seen at Tehran's oil refinery, Iran, Nov. 17, 2007. Although OPEC has traditionally tied its price of oil to U.S. dollars, Iran has announced it has shifted sales of its oil to euros and yen. (AP Photo/Vahid Salemi)
Stories
Oil Prices Surpass $110 A Barrel
OPEC Speaks, Oil Costs Continue Climb
(AP) Iran, OPEC's second-largest producer, has completely stopped conducting oil transactions in U.S. dollars, a top Oil Ministry official said Wednesday, a concerted attempt to reduce reliance on Washington at a time of tension over Tehran's nuclear program and suspected involvement in Iraq.
Iran has dramatically reduced dependence on the dollar over the past year in the face of increasing U.S. pressure on its financial system and the fall in the value of the American currency.
Oil is priced in U.S. dollars on the world market, and the currency's depreciation has concerned producers because it has contributed to rising crude prices and eroded the value of their dollar reserves.
"The dollar has totally been removed from Iran's oil transactions," Oil Ministry official Hojjatollah Ghanimifard told state-run television Wednesday. "We have agreed with all of our crude oil customers to do our transactions in non-dollar currencies."
Iranian President Mahmoud Ahmadinejad called the depreciating dollar a "worthless piece of paper" at a rare summit last year in Saudi Arabia attended by state leaders from the Organization of Petroleum Exporting Countries.
Iran put pressure on other OPEC countries at the meeting to price oil in a basket of currencies, but it has not been able to generate support from fellow members — many of whom, including Saudi Arabia, are staunch U.S. allies.
Iran has a tense relationship with the U.S., which has accused Tehran of using its nuclear program as a cover for weapons development and providing support to Shiite militants in Iraq that are killing American troops. Iran has denied the allegations.
Iranian oil officials have said previously that they were shifting oil sales out of the dollar into other currencies, but Ghanimifard indicated Wednesday that all of Iran's oil transactions were now conducted in either euros or yen.
"In Europe, Iran's oil is sold in euros, but both euros and yen are paid for Iranian crude in Asia," said Ghanimifard.
Iran's central bank has also been reducing its foreign reserves denominated in U.S. dollars, motivated by the falling value of the greenback and U.S. attempts to make it difficult for Iran to conduct dollar transactions.
U.S. banks are prohibited from conducting business directly with Iran, and many European banks have curbed their dealings with the country over the past year under pressure from Washington.
However, the U.S. has been wary of targeting Iran's oil industry directly, apparently worried that such a move could drive up crude prices that are already at record levels.
Iranian analysts say Tehran can withstand U.S. pressure as long as it can continue its oil and gas sales, which constitute most of the country's US$80 billion in exports.
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http://www.tdn.com/articles/2008/04/29/area_news/doc4816651072f72767559743.txt
Crews moving contaminated sand from ship to rail
Monday, April 28, 2008 11:34 PM PDT
By Erik Olson
Longshoremen should finish unloading 6,700 tons of sand contaminated with depleted uranium and lead Tuesday afternoon, said Chad Hyslop, spokesman for the disposal company American Ecology.
The BBC Alabama arrived at the port Saturday afternoon with the 306 containers carrying the contaminated sand from Camp Doha, a U.S. Army base in Kuwait. The sand was packaged in bags designed to transport hazardous waste.
Longshoremen unloaded the containers in two shifts Sunday, then two more Monday, Hyslop said. They wore standard safety gear, and dust protection equipment and respirators were available, he said.
However, no one has opted to wear the respirators, he said.
“It’s gone real smooth,” Hyslop said.
Half of the containers will be loaded onto 76 rail cars and transported to an American Ecology disposal site in Idaho. The other half will remain at the port until the trains return to haul them to Idaho. The containers all will be at the disposal site in Idaho within 15 to 30 days, Hyslop said.
State Department of Health personnel are at the port to test radiation levels and to ensure none of the sand spills, Hyslop said. U.S. Customs agents also were on hand to inspect the cargo, he said.
The sand became contaminated with low levels of depleted uranium following a fire at Camp Doha during the first Gulf War in 1991, according to Hyslop and Army sources. The Army then discovered potentially hazardous levels of lead in the shipment.
Hyslop said he’s been happy with the job the port and other government agencies have done in helping with the transport of the material.
“We’re extremely pleased and impressed with the outstanding professionalism of the Port of Longview,” he said.
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http://www.theherald.co.uk/news/news/display.var.2231999.0.HBOS_asks_shareholders_for_4bn_to_bolster_balance_sheet.php
HBOS asks shareholders for £4bn to bolster balance
The UK's biggest mortgage lender, Halifax Bank of Scotland, today called on shareholders for £4 billion to strengthen its balance sheet.
HBOS said the rights issue - which follows Royal Bank of Scotland's £12 billion cash call last week - was needed to "consolidate its competitive position".
The bank also wrote off £2.8 billion on investments hit by the credit crunch.
advertisementMore than two million of the bank's smaller shareholders face paying out to maintain their stake in the bank in the rights issue.
Under the terms of the deal, they will be offered two new shares at 275p for every five held.
Chief executive Andy Hornby said the move would help boost the bank's core tier one ratio - a key measure of how well-capitalised a bank is - to between 6% and 7%. Investors will also receive an interim dividend in shares as HBOS looks to conserve its cash.
Mr Hornby said: "We are planning for a more challenging environment ahead and the proceeds of the rights issue should ensure that we benefit from strong ratios even if the macroeconomic environment deteriorates further.
"In the long term we remain optimistic about the fundamental prospects for our core businesses."
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http://www.rense.com/general35/over28.htm
The Overthrow Of
The American Republic
Part 28
The Bush/Blair Bribery Affair
2-21-3
What turned out to be a messy situation, all started, at least in part, to unravel on January 16, 2003. Two events were on that day, one later widely reported, the other seldom mentioned.
The space shuttle "Columbia" took off on that day, later crashing, February 1, 2003. It is dealt with elsewhere in this series. On the same day in January, what some prefer to call jointly the American CIA/Bush Crime Family, conducted a "black bag" job. They did a break-in and entry into the residence of Alan Greenspan, Commissar of the Federal Reserve, America's highly secretive PRIVATE central bank.
What all were they looking for? Among other things, they sought to retrieve, and keep from ever surfacing, a series of Federal Reserve wire transfer records, showing certain transactions done under the secret authorization code of Greenspan.
The dealings were several months previous. They show that George Herbert Walker Bush used the Carlyle Group to forward some sixteen Billion Dollars to British Prime Minister Tony Blair. Daddy Bush has been a senior paid consultant with Carlyle to, among others, the Bin Laden Group, the Saudi Family dominating several industries in Saudi and the Middle East, including construction. They are NOT actually on the outs with family member Osama, who they finance, also with members of the Saudi Royal Family, through a major bank in Saudi, and banks and financial entities worldwide, including the Dutch money laundry, Algemene Bank Nederland, now ABN-AMRO.
Here is the circuitous route the funds took:
[1] The existence of the transactions, by themselves, sufficiently prove the prior planning jointly of White House occupant and resident George W. Bush financially bending Tony Blair. The upshot of it all, was to have Blair join with Dubya (said quickly Texas style) to seize eventually the Iraqi oilfields, for two purposes.
First, to use the oil treasure as collateral to underwrite the huge U.S. deficit, soon to be out-of-control. Thus laying the way for Dubya to push a huge tax cut for the one or two percent of Americans, the wealthiest in the U.S.
Second, to seek to prop up the Bank of England caught up on the wrong side of speculations in the Kuwaiti Dinar, a currency pegged to the so-called "U.S. Dollar", actually hot-air Federal Reserve Notes. And further, to seek to bail out the Chicago Mercantile Exchange, the Chicago Board Options Exchange, and LIFFE, the International Financial Futures and Options Exchange in London.
To understand the route of the bribe to Blair and the route, some background is necessary.
[2] Starting in the late 1980s and up to 1991, the highly mysterious espionage money laundry, BCCI, Bank of Credit and Commerce International, was later implicated in a scheme to bribe more than 25 per cent of both houses of Congress. More than 28 U.S. Senators and more than 108 Congressmen.
The purpose of the scheme was to corruptly influence, by bribes or phantom transactions used as blackmail, to members of Congress who were chosen to help promote the interests of BCCI in opening numerous branches in the U.S. The lawmakers were invited to give speeches in Chicago, seldom reported in the press. While in the Windy City, they were paid their "honorarium" (lecture fees) and told they were getting as a bonus, an account with the exchanges there, the Chicago Mercantile Exchange, the Chicago Board of Trade, and the Chicago Board Options Exchange.
Later, some congressmen were told their Chicago accounts had a loss, but through straddles (a technical device using losses on one side of the fence, and gains on the other), they had a huge gain in London. Some Congressmen directly or through trusted aides picked up the "bonus" in London while secretly videotaped. Other Congressmen did not do so, but through phantom records, were shown, nevertheless to have "picked up" the pay-offs, in other words, blackmail.
LIFFE was instrumental in all this. Why? Because they operate electronically only, and retain no paper records. Hence, the difficulty for regulatory authoririties and tax collectors to sniff out.
Upon the apparent downfall of BCCI in 1991 (they continue under the name of a alter ego and successor), the Bank of England, supervising the smash up, for thirty days ONLY had the bribery list of Congress as a public record. As we told in a prior website story, a major news group refused to make public the story, and so it ended up with us. My exclusive details appeared in October, 1991, in the populist publication Spotlight, years later made defunct through a dirty court trick.
[3] Instrumental in the Bush/Blair Affair was Carlyle Group, having on its Board of Directors a previous Prime Minister of the United Kingdom. The funds for Blair went through the Chicago markets which have been heavily on the wrong side of Kuwaiti Dinar gambling, called derivatives, a sort of book-keeping hocus-pocus. They, together with the Bank of England, are leaning over the edge of the cliff in TRILLIONS of Dollars, enough to panic currency markets if completely divulged.
Why was the Kuwaiti Dinar selected as part of the route to Blair? Because the currency, pegged to the Dollar, is considered more independent. In technical data, that means it has almost no limit features up or down, the "sky is the limit" betting.
The 16 Billion Dollars, in Kuwaiti Dinars, was to benefit Tony Blair through, among other places, accounts for him, in financial entities in the United Arab Emirates, a favorite money laundry site.
[4] What happened with the incriminating records in Greenspan's residence on January 16, 2003? Well, the "black bag" team did not get them. Why? His wife, Andrea Mitchell, senior Washington corrrespondent for NBC, had previous to that date moved the records to another location.
The records are now in the possession of certain more independent-minded U.S. free lance journalists. A preliminary story about this, with just a few details, appeared exclusively in Canada, on a popular website linked to a Toronto radio program, Mojo Radio, "The Cloak and Dagger" Program, described as a "Talk Show for Spies". A few hours after they posted the preliminary details, their website was smashed by the "shadow government".
I participated in putting the preliminary story together for Cloak and Dagger.
[5] The Russians with the help of Commissar Putin, formerly of the Soviet Secret Police, the KGB, have details of a phone conversation recently between Bush and Blair, about the preliminary story. Blair told Bush, "You have to take down those websites who have the documents". Bush responded, "We have a constitution", a statement that Bush could make without really believing the same. "Nevermind all that, take down those websites! If they post the first of the fourteen wire transfer records, you may not find me still on Downing Street anymore."
The inside joke is that an Israeli firm, reportedly fronting for Israeli intelligence and somehow beholden to Moscow, got the U.S. contract to rewire the communications system of the White House, the FBI, and the American CIA. The firm apparently, through satellites, is able to clandestinely send, in real-time, the content of supposedly secure, secret communications of U.S. top officials.
[6] And what is the possible fall-out from the full disclosure of the Bush to Blair bribery? The possible wreckage of the Chicago markets together with LIFFE, for openers. And a successful attack on the British Pound Sterling because of disclosures that the Bank of England, having gambled away their assets on Kuwaiti Dinar Derivatives, along with those exchanges, is insolvent and cannot any longer support the Pound in world currency markets.
Further, Blair would be open to criminal bribery prosecution together with charges against Daddy Bush and Dubya, of treason, international bribery, racketeering, and sundry other federal criminal offenses.
Please note that starting three years ago, on our website,
So, will the latest secret Federal Reserve wire transfer records be posted? Wait and see.
[7] Furthermore, the Bush/Blair documents show that Tony Blair privately greatly profitted from arranging shipments to North Korea to enhance their nuclear capability. In that regard, he privately benefitted, as we mentioned in a previous part of this series, like Hillary Rodham Clinton, likewise implicated in privately profitting from shipments of nuclear items to North Korea. As to both Blair and Hillary, the shipments were reportedly made through Royal Jordanian Airlines. [As to Hillary and North Korea, we showed that document about a year ago on our Chicago public access Cable TV Program, "Broadsides"].
So, will the latest documents be posted? More coming.
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http://www.theinternationalforecaster.com/item.php?topicId=2&articleid=243
Manipulations in time of War and Hunger
Posted: April 23 2008
The Fed pumps out reserve notes, elitist politics position to control, no new petro refineries since the 70s wtf? GM food and bio fuel scams, food price rise is an orchestrated scam based on currency manipulation, news from the Plunge Protection Team, disinformation in WSJ, no victory in Iraq, so blame Iran
Uncle Ben Bernanke is currently pumping out federal reserve notes, or electrons with binary encoding as the case may be, like they were going out of style in order to save the miscreants on Wall Street and in order to postpone economic catastrophe for the benefit of our incumbent sociopaths in Congress, who are the best politicians that money can buy. Based on the elitist Malthusian Agenda, may we suggest that you start converting some of those notes and electrons into storable food, such as rice and freeze-dried food. We suppose this would be the latest incarnation of Uncle Ben's Converted Rice, and without it, you will be at the mercy of the elitists. The Illuminati want to kill off most of the "useless eaters" on this planet. Their cohorts express shock and dismay over all the food shortages and riots that are breaking out globally when they are in front of the cameras, but when the reporters leave you can hear their maniacal laughter as these cretins contemplate how much easier it will be to control a population of 1 billion or so instead of the current 6 billion which occupy this planet, a number that is rapidly growing at a pace that far outstrips the growth in our fuel and food supplies which have been malevolently curtailed over decades to bring about the current results you see before you.
There have been no new petrochemical refineries constructed since the 1970's. Oil exploration has been stymied by the oil companies themselves who, with the help of the Illuminati and their operatives in industry, in government and in private trusts and foundations, have funded environmentalist movements, sabotaged and disparaged nuclear plants, shelved patents for greener energy by buying out or killing off inventors and pushed oil prices to ludicrously low levels to stop independent oil wildcatters from extracting oil out of the ground because they could not do so profitably. Big Illuminist automakers contributed to the problem by producing gas-guzzling SUV's and trucks which most people own more for show than for practical use. Rest assured that there is plenty of oil within our own borders, with enough to supply the needs of the entire US economy for many decades in Alaska, North Dakota and Montana alone, much of it extractable at $16 per barrel using newly developed directional drilling systems, and never mind the hundreds of billions of barrels extractable from oil sands and oil shale in various states and the offshore oil in the Gulf of Mexico. But in order to induce smaller producers to go after this oil (the larger producers will leave it in the ground for obvious reasons), there has to be a floor of about $25 per barrel in order to protect profit margins for smaller operators. Otherwise, as has been done in the past, the larger companies will temporarily drive prices below the cost of production for the smaller companies, thereby driving them out of business.
A floor of $25 per barrel is a very reasonable floor considering we are now at $119 per barrel, but our Congress is bought-and-paid-for by the Illuminati and their big oil interests, so you hear nothing about this from them or our useless fane-stream media which are also controlled by the Illuminati. The elitists do not want plentiful oil --- they want to control you!
The same has happened in agriculture. At the beginning of the 20th century, most Americans were still farmers. Virtually everyone had a farm or at least knew how to farm if they had to. No longer. The smaller farmers were squeezed out by subsidies given to big Illuminist-sponsored farming concerns in order to keep crop lands vacant, supposedly to keep food supplies down to support higher prices, but this just served to kill off smaller farmers who could not compete with the much larger farmers who got something for nothing. The smaller farmers were forced in this manner to take jobs in our growing industrial society, culling out the small fry just as was done with oil companies, banks and corporate America generally.
The latest methods of controlling agricultural development are genetically modified food, the bio-fuel scam and radio frequency ID tags for livestock. The hook for genetically modified food is greater output and greater efficiency, but you have to buy seed from the big agricultural companies who are now genetically designing their seeds to self-destruct after one harvest. That way, they control the price and availability of the seeds. Farmers who do not use GM seeds cannot compete with those who do, so fewer and fewer are going with natural seeds that cannot be patented and controlled. And if you are unlucky enough to have your natural crops contaminated by nearby GM crops, you get sued for using patented GM seed by the big agricultural company that owns the patent.
The bio-fuel scam is one of the stupidest, biggest and most dangerous scams ever, as it diverts vital food crops to use in producing bio-fuel, which we in America do not even need as described above due to our huge oil reserves that are located within our own borders. Ethanol is 30% less efficient than gasoline and is very damaging to internal combustion engines, yet we seek this out to shore up oil production shortages. This is pure madness. And when you couple these malevolently manufactured shortages and mega-foolish reallocations of resources with the Fed's destruction of the dollar, you get food riots globally that are going to spread rapidly and get much worse if something is not done immediately to put an end to this evil scam.
Remember, many currencies in the developing world are pegged to the dollar to support exports, so when the dollar gets destroyed, such pegged currencies get destroyed along with it. This leads to higher food prices in such devalued currencies, and is making food unaffordable for the poor in such countries even when it is available for sale. This situation has been described recently as a "silent tsunami," but that silence is now turning into the screams and cries of the hungry. This is what the Illuminati want, to kill off the useless eaters, but they have broken their own rules and are bringing these problems to bear far too quickly, a mega-stupid move which they will pay for dearly. Five billion people will not go out quietly.
And then, apparently because Henrietta the hen might wander off out of the barnyard, all farmers are now required to affix RFID tags to their livestock. What other reason could there be for old Henrietta to need a tag. They claim they want to track animals in case of disease, but come on, we got along fine without this Mark-of-the-Beast-technology-for-animals for thousands of years. And yes, you're next on the tag agenda. These tags are being used first to bump out the smaller livestock producers due to the extra costs and labor associated with the RFID tags. But these tags will also enable the government to locate and control food sources when Caligula declares martial law, or when the next Emperor/Empress who is shoved down our throats in November decides to declare martial law. We can assure you that this is where we are headed in the not too distant future so that the Constitution can be completely suspended and all the dissidents can be herded off to Halliburton-built detention camps. If you have weapons and ammunition but no storable food, you are screwed. Hunger and starvation are the ultimate in gun control.
All these fuel and food scams take place as our general populace worries about their carbon footprints. Their total disconnect from reality is nothing less than surreal. But look at the bright side, it will be like the good old days when all the Administration, Congressional and Military rats go into their bunkers and safe-houses, as set forth in a secret written plan presented to Congress, while the rest of us are starved, diseased, shot, poisoned and/or nuked to death. You'll get to play "hide and go seek" with your former government officials, as well as "war games" and "cops and robbers." And think about how much fun it will be when we get to use the drill rigs we formerly used to tap oil reserves to drill down to bunker level so we can place a multi- megaton thermonuclear device down the hole. It will be like when you used to put a cherry bomb or M-80 under a coffee can, and then listen for the loud bang and watch the "cool" explosion. As they say, the only difference between men and boys is the price of their toys! And if the moles try to come out of their bunkers, then we get to play "whack-a-mole." Heck, we're starting to warm up to all this potential fun already!
The "Big Cull" is now underway as all the speculation, fraud, excess and profligacy of Wall Street and millions of unscrupulous borrowers get shoved up our derrieres in the form of hyperinflation and higher taxes. When the various GSE's, where all the old (and now new) toxic waste is being buried, finally go under, it will be like the China Syndrome, a meltdown to hell. The Fed's general collateral will be used up by then, which will lead to direct monetization of treasuries and rampant inflation. As well, the defaulted debts that are absorbed by the FHA, FHLB, Fannie and Freddie will result in much higher IRS bills as the hapless taxpayers are forced to bail out the cataclysmically decimated system. When, we ask, are the citizens of this country going to have their fill of this bailout tripe? Make sure that every single incumbent other than Ron Paul is voted out of office or we will all be pauperized.
We characterized this situation as the "Big Cull" because that is exactly what is in store for the smaller companies in America, Canada, Mexico, Western Europe and Japan. They will be culled out. Note how only the large insider-banks are being bailed by the Fed, a private central bank which is owned by some of the very companies they are bailing out. Talk about a conflict of interest! Note also how mostly the various transnational conglomerates have any real earnings to speak of due to free trade, globalization, off-shoring, outsourcing, slave labor and a weaker dollar, and even some of these gargantuan concerns are in trouble. The Fed is only giving money to big elitist insider companies, who are hoarding the cash out of fear, yes, but also they will be selectively withholding their largess from any who do not belong to the "Big Game."
When hyperinflation from an out-of-control money supply finally hits home fully, consumer spending drops off a cliff and corporate earnings go negative, the Fed will be forced to turn to higher rates to save what is left of the dollar or face being run out of the country which by then will start to resemble Zimbabwe, and the whole system will crash and be purged in the upcoming "Very Large Depression" or, if you prefer, the "Much Greater Depression." Select insiders will be bailed out at taxpayer expense, while those insiders and non-insiders that fail will be merged with, or auctioned off at pennies on the dollar to, the surviving insiders. The elitists have already made plans on which companies will survive and which will fail so they can place their bets accordingly. The final number of businesses and financial corporations which fail in the upcoming economic devastation could well number in the tens of thousands worldwide. Few companies will be able to survive the coming catastrophe without help from their governments and/or from the Fed or the other main central banks like the BOE, ECB and BOJ. Even the Fed itself may be discarded and replaced with a far more malevolent cartel vehicle which is put in charge of everything financial as has been suggested by our "beloved" Treasury Secretary, Hanky Panky Paulson, on loan from Goldman Sachs. It is all about driving out the competition so the Illuminati can reign supreme.
The President's Working Group on Financial Markets was created by Executive Order 12631, signed on March 18, 1988 by President Ronald Reagan in the aftermath of the Stock Market Crash of 1987. Eleven years later, in 1999, the Glass-Steagall Act (GSA), which for many decades had prohibited a bank holding company from owning any non-banking financial companies, such as investment banks and brokerage houses, was repealed by the Gramm-Leach-Bliley Act (GLBA) that was signed into law by President Slick Willie Clinton. The GSA had been in effect since 1933 and was passed due to abuses, which were found to be a substantial contributing factor to the Great Depression. This wise piece of legislation had kept us out of trouble for over six decades. Both Executive Order 12631 and the GLBA will go down in history as the most ill-advised and most abused financial orders, laws and regulations ever devised, perhaps in the history of our country. The Executive Order currently gives the PPT the right to enter any markets to create stability in the face of a crisis, but instead they use this power on a 24/7 basis to hide from the public all the damage that has been intentionally or unintentionally done to our economy by various Illuminist schemes, including the abuse of the GLBA which allowed banks to pawn off fraudulently rated toxic waste, which quite often the banks themselves or their subsidiaries had created, on their clients and to hold it for those clients in offshore accounts called SIV's. There are many other versions of toxic waste out there that are waiting to implode, all of which were enabled by the unwise authorization of these incestuous relationships in the GLBA. Asset-backed securities are going to be the next shoe to drop as the cash flows from car loans, credit card accounts, mortgages and such esoteric things as aircraft lease payments, which secure these derivative instruments, are interrupted by rampaging, ever-accelerating defaults on the underlying debt as the economy drops off into a hyperinflationary recession. The PPT hides while the GLBA destroys. That's how it works.
These moronic acts by former Presidents and Congresses are what allowed the psychopathic creation of hundreds of trillions in derivatives by way of "financial engineering" in order to absorb the rampant money being supplied by the Fed to fuel financial sector profits in order to cover up the damage being done to the economy by free trade, globalization, off-shoring, outsourcing and illegal immigration. The money was pumped in through the primary dealers via the repo pool and was loaned out to other foreign and domestic banks and to client dupes like hedge funds, insurance companies, pension funds and other institutional investors in order to purchase the toxic waste, often with maniacal degrees of leverage. The sales proceeds were then re-loaned to the mortgage companies so they could fund more fraudulent mortgages which could then be securitized into more toxic waste for resale, thus rolling the money over and over, with the Fed's periodic money injections allowing them to expand the amount of loan money available overall to keep the bubble going. All caution was thrown to the wind to bring in even the unqualified so that the fees and commissions would keep rolling in.
Note that as of 2006, the financial sector contributed about 8% to our GDP, when in 1947, it was 2.5%. That is because the financial sector no longer greases the skids for a healthy economy that produces real goods and services, but has become an industry unto itself, peddling toxic waste instead of funding the production of real goods and services. It has become a self-perpetuating, gargantuan producer of poppycock and phony bologna, and has become the portal through which the Fed pumps in titanic amounts of money and credit to produce profits in the financial sector that help to offset the damage to US GDP which has been done by the latest incarnation of the British mercantilist system that has beggared our middle class. This continual pumping of money and credit to cover the damage to our GDP has inexorably moved us toward a weaker dollar and hyperinflation. The profits generated by this "puff the fluff" smoke and mirrors operation accounts for much of our so-called GDP growth, and also explains the wild growth in derivatives worldwide from about 80 trillion in notional principal in 1999 to today's 600 trillion plus, with the credit default swaps portion of that total, now about 62 trillion, doubling every three years or so over the past decade. We feel that Real GDP has been negative on average for almost two decades if you make adjustments for actual, as opposed to official, inflation and especially when you factor in the bogus contribution to GDP that has been made by our quickly deteriorating financial system, some 8% instead of what used to be about 4% before we started down this path toward insanity. A good portion of the fees and commissions that comprise the financial sector's contribution to GDP over the past decade have been generated by the fraudulent sale of worthless dot.com stocks and toxic waste OTC derivatives. We ask what value has been added to our economy and what production has occurred when you sell worthless stocks or repackage existing loans that have been made to unqualified buyers, that are supported by inflated appraisals and that have been given fraudulent ratings? Where is the value added to the economy when substantial portions of what is produced is either worthless or worth far less than what is paid for it from the very outset. It's almost akin to the sale of new automobiles where a car's value loses multiple thousands of dollars as they are driven off the dealer's lot by their new owners. At least with a new car the price is determined by the actual cost of the inputs and an established market value, instead of being valued by reference to artificially low rates of interest along with fraudulent, dreamed-up qualifications and appraisals and arbitrary, often imaginary, market values set by theoretical mathematical models. We feel that much of the filthy lucre that has been produced by the financial sector over the past decade is nothing more than profits earned on Ponzi-scheme money that is rolled over repeatedly. How can such profits possibly be attributed to our GDP with any intellectual honesty?
Note how gold and silver are being held down by sales and leasing as they consolidate for the next move up, while oil is allowed to fly. As soon as gold and silver start to rally, watch how quickly oil drops. Large specs should be ready for this move which means nothing because it will be totally contrived. The fundamentals will be just as strong as ever no matter what they do to oil because inflation and balance sheet destruction are both baked into the cake as our real estate markets and economy drop into the tank. All those high oil prices are going to take their toll down the line in lower profits or higher inflation, just wait and see. Also note that any new war adventures will most likely occur after both gold and oil have finished their spring rallies and are at much lower levels for purposes of consolidating what will be their most recent gains. A hard but pointless pounding from the cartel can be expected for precious metals and commodities ahead of any new war adventure that is planned. Kosovo, Iran, Lebanon and the Gaza Strip are all possibilities, and these possibilities will keep oil, precious metals and their related shares well bid while the various general stock markets get hammered by the imploding recessionary economy. If a war does start, get ready for some wild action!
Note that Ron Paul took 16% of the vote in Pennsylvania's Republican Primary, beating Huckabee's 11%. Yet we hear nothing about this in the media. In fact, we don't even hear it mentioned that Ron Paul is still a candidate. Our media and our entire elective process are a disgrace. We are governed by a two party dictatorship. If any of the miscreants offered by the Illuminati are elected, we're leaving the country. Oh, that's right, we already left! And you might want to consider doing so also.
Another piece of disinformation appeared in the WSJ this past week. Harvard Professor and former Chairman of the President’s Council of Economic Advisors, Martin Feldstein tells us the Fed shouldn’t lower interest rates any further because the likely benefit is small compared to the potential damage due to inflation. This is true and it is part of the theme chanted at the G-7 meeting. Lower interest rates mean higher energy and food inflation. That means riots in the third world and millions starving. We wish they were concerned but they are not. This is just a variation on a theme-propaganda. In Mr. Feldstein’s dissertation nowhere does it refer to the massive increase in money and credit that goes on relentlessly. If interest rates were raised the US economy would collapse even though they should be raising them not lowering them. It is more important to save the economy, Wall Street and the banks. Inflation and hyperinflation can always be liked about. The other result is the collapsing dollar. Yes, lower interest rates stimulate economic activity, but they also force wages and prices higher as well. As we move forward this year and into next year unemployment and a receding economy will not impede monetary inflation. Lower interest rates will exacerbate the situation, but the inflation is already in the pipeline. What else can one expect with an 18% increase in money and credit and lower interest rates that is in the pipeline for the next 18 months and there is no changing that. The elitists know the solution to the food problem because they created it. Just stop using food for ethanol.
Mr. Feldstein’s comments are generally true but he refuses to cover the whole subject when he certainly knows the answers we know. Lower interest rates do tend to induce investors to add commodities to their portfolios, but that in part is offset by higher margin requirements, which exchanges put in place to protect their commercial dealers. Investors are in commodities and precious metals because they want real assets not paper assets. Feldstein cites lower interest rates as a cause for higher oil prices and food prices because farmers devote more production toward growing corn for ethanol. He fails to mention the government’s $0.51 per gallon subsidy, which along with higher sales prices is an inducement.
In his dissertation nowhere does the word dollar appear. The main reason for higher commodity and precious metals prices is a plunging dollar. It’s a flight to quality and something real. He also leaves out totally our current account deficits. What we have is a totally one-sided story. Not an informational commentary, but a clever piece of propaganda. He is a mouthpiece for the elitists who planned this whole capper in the first place. Yes, it is a crime to deliberately starve poor people to death.
Commodities are rising due to American debt, massive monetary increases and now lower interest rates. It is now not only the US due to the credit crisis, the Fed, Wall Street and the money central banks created, but it is also other nations for the past four years that have also increased monetary aggregates by 14%. Again, it is just not interest rates. Isn’t it an inevitable consequence of massive monetary aggregate expansion worldwide that we’d get inflation and speculation? And, lower interest rates are a part of it. Global reserves have increased $2.5 trillion, or 85%, in just the past two years. The dollar is now dysfunctional and the entire world monetary and financial system is out of balance. Again inflation and speculation have to be an obvious conclusion to profligacy. We can expect nothing less in a world of fiat currencies. Once the gold backing was removed from the dollar on 8/15/71 it was all-downhill from there and until we return to gold backed currencies the results will be the same – ultimately disastrous. There is no gold reserve system to restrain monetary expansions. There is no control and no discipline. The result has been an historic inflation in dollar financial claims, which has destroyed the global monetary system and now it’s dismantling financial and economic stability. The destabilizing price movements and myriad inflationary effects are poised to worsen. Once the foreign buyers of dollar denominated assets have had enough the huge dollar reserves will hit our shores and inundate the system.
The Fed and all central banks are on the run and the credit crisis worsens. Trillions of dollars and euros, etc. are being fed into the system in order to just keep it afloat. The world financial system is being nationalized country by country.
There is certainly no end in sight of this monetary expansion. The mortgage market is being nationalized via Freddie Mae, Fannie Mac and the FHA. The same has been happening in banking as major investment banking firms too big to fail have been expanding assets by 14% to 27% over the past 38 weeks, almost all of that increase coming from the Fed as bank credit expanded 12.6%. During that period there was a $184 billion, 29%, increase in foreign custody holdings for foreign central banks at the Fed. All of these capital injections have for the moment stymied the systemic de-leveraging, but that is for now. The inflationary implications are enormous and the solution to the problem is not at hand and we do not think there is one.
The outlook for our economy and financial situation looks dreadful. There has been no solution in nine months and it looks worse than it did in August. The Fed and ECB have stopped the bleeding for now but there is no solution in sight. There is nothing ordinary regarding the credit breakdown. Usually such corrections track economic developments, but not this time. This time it is different. The US government has assumed all the risk, which is a precedent in cost and scope for the American taxpayer. The tide has been stemmed for now but not for long. As Feldstein says you cannot cut interest rates forever nor can government guarantees continue. Market manipulation by our government cannot continue forever. It will eventually lose its effectiveness. Besides there is nothing government or the Fed can do. This collapse has to run its course. The unbalance and maladjustment is simply too great. Risk is being moved from one place to another. From the markets to government, which is no solution, unless they want the dollar at 20 on the USDX. While all this proceeds so will inflation in an over- liquefied global system that is no longer able to handle such a flood of aggregates. We are in uncharted waters especially if you throw in derivatives. All we can say is the world has lots of problems.
As we have said for so many years, the motto for the Illuminati should be “perpetual war for perpetual peace.” The recent testimony by General Petraeus and Ambassador Crocker was devious at best. That is understandable in as much as they are front men for the Illuminists. All we got was ring around the rosy. Our troops conveniently fail in their objectives, which is an excuse to continue the occupation. Congress, which is paid by these Illuminists to keep their heads in the sand, delivered the usual softball questions. Talk about abdication of responsibility to the citizens who elected them. They surely dance to a different fiddler. This is the group that pays the enemy not to appear for battle so they can if only temporarily gain victory. When they cannot gain victory they blame Iran, al Qaeda or the Baghdad government.
They always have a scapegoat. What the US administration is playing for is perpetual war and occupation to keep control of the oil for the internationalist oil giants. This is accomplished by continued occupation, a never ending state of war and a weak disorganized Iraqi government. The upshot of the Senate hearing was that our Senate is a disgrace.
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