Middle East Chaos: What To Learn And What To Expect

Submitted by Giordano Bruno of Neithercorp Press
Middle East Chaos: What To Learn And What To Expect
There are many different kinds of revolution; some more effective than others. Telling the difference between a successful revolution and a failed revolution can be tricky. Often, on the surface, they look exactly the same. The secret is to set aside what we would “like” to see, and be brutally honest about what was actually accomplished in the course of the dissenting action. Has power been fully rescinded by the offending government or regime to the people, or, to yet another corrupt bureaucracy with a slightly different face? Have the puppet strings of corporate globalists been severed from your country, or do they remain strong as ever? Has ANY corrupt official actually been punished for the crimes that led to the insurgency in the first place, or, did they fly off scot-free to their million dollar villas in Ecuador, drinking mojitos in wicker recliners and watching the disaster they created unfold on CNN? Who ultimately benefited from the event?
Today, the entire Middle East is on the verge of complete destabilization and possibly civil war. Tunisia, Egypt, Libya, Bahrain, Yemen, and other nations are experiencing a shockwave of unrest not seen since the 1970’s. Western media sources are calling it a “people’s revolt”, one which the Obama administration is heartily embracing like an old relative. But are we witnessing the democratization of the cradle of civilization, or something else entirely? How will we be affected by this tide of confusion? Instead of falling into panic and fear over the growing chaos, what can discerning Americans learn from a social implosion on the other side of the world that will help us to survive a similar occurrence here? Let’s examine some of the distinct moments that have characterized the Middle East debacle, the underlying and corrupt influences that surround them, as well as certain historical facts of the region that globalist engineers would rather we forget…
Molding The Arab World
Are globalist interests involved in the breakdown of the Middle East? Most certainly. However, this much widespread resentment and pent-up collective rage is not something that can be easily fabricated. It is far more likely that anger over the feudal governing tactics of dictators in the Arab world (many of which were installed or supported by U.S. and European interests) is very real, and has been building for quite some time. So then, why are Western governments applauding the overthrow of despots they themselves placed in power?
The Mubarak regime was the second largest recipient of U.S. financial and military aid in the world. One third of ALL publicly reported U.S. foreign aid goes to Egypt and Israel:
http://www.vaughns-1-pagers.com/politics/us-foreign-aid.htm
Without this vast military aid from the U.S., Mubarak would not have been able to maintain his 30 year reign. This is a cold hard fact. So then, why go against a leader you already have firmly in your grasp?
When the Shah of Iran (a violent madman we anointed) was overthrown by popular revolt in 1979, the U.S. government responded with vitriol and saber rattling. When Hosni Mubarak (a violent madman we anointed) was overthrown this past month, the U.S. government responded with cheers and warm regards. What was the difference between the revolution in Iran, and the revolutions all over the Middle East today? Insurance…
Like most puppet leaders and figureheads, Mubarak was an errand boy, a conduit for implementing globalist policies in Egypt. His relinquishment of power was in reality nothing of the kind, because the power was never his to give back. It is important to take note that Mubarak’s cabinet and most of the existing government and military structure remains firmly entrenched:
http://www.haaretz.com/news/international/egypt-swears-in-new-cabinet-retains-mubarak-era-ministers-1.345069
Field Marshal Mohamed Hussein Tantawi, who leads the ruling military council and has been defense minister for about 20 years, took “temporary” control of Egypt after Mubarak ceded authority. Tantawi retains very strong ties to Washington D.C. and an unerring loyalty to Mubarak’s policies, which is perhaps why Barack Obama seemed so jubilant about Mubarak’s departure. In the recent and controversial Wikileaks release of private diplomatic cables, Tantawi is famously referred to as “Mubarak’s Poodle”:
http://www.cbsnews.com/stories/2011/02/16/501364/main20032166.shtml
The key here is that globalist circles support the change in Egypt exactly because nothing will change for the citizenry. The Egyptian people will not gain true influence in the politics of their own country, and they may have even less influence over their own lives if a military infrastructure remains embedded within their government. Their entire rebellion was diluted and redirected, because they naively focused on Mubarak as the source of all their ills, instead of the corrupt system he was a mere front-man for.
What about Libya? Muammar Gaddafi, the crazy bag lady of third world dictators, was the darling of the UN in 2009 when he was nominated the head of the African Union. He was just as much a monster then as he is today, and as far as I know his human rights record has remained dismal, but then again, he was helping the globalists by paying the AU dues of numerous countries with Libyan oil money and luring them towards centralization:
http://www.saiia.org.za/diplomatic-pouch/libya-s-oil-makes-all-the-difference.html
Apparently, Gaddafi has outlived his usefulness as international bodies now fully support the rebellion in Libya.
Remember Tunisia? That fight for freedom that the mainstream media essentially ignored until it was almost over and the two decade rule of Zine al-Abidine Ben Ali (another despot with a history of human rights violations who was also installed with the help of Western interests, primarily Italy) was finally overthrown? Well, now globalist proponents suddenly “love” Tunisia and are promoting it as a “model revolution”. Why? Maybe because the dastardly duo of McCain and Lieberman are in town to offer the new Tunisian government “training from the U.S. to help Tunisia’s military provide security”:
http://www.reuters.com/article/2011/02/21/us-tunisia-turkey-idUSTRE71K2YE20110221
Yikes. These are the same guys who drafted the ‘Enemy Belligerents Act’ which would allow the U.S. government to treat any American citizen as an “enemy combatant”, removing Habeas Corpus and all Constitutional rights to a fair trial. I guess the lesson to Americans and most importantly the Liberty Movement is that if they can’t beat you, they’ll try to join you, and then co-opt you. My hope is that the Tunisians will turn down the Trojan Horse offerings of sewer rats like McCain and Lieberman, but if they do, I imagine the globalists will not be quite so friendly anymore.
What is happening in the Middle East is a perfect example of the manipulation of existing dissent towards establishment ends. The surface trigger for these events is obviously the doubling of food prices across the world in the past two years (you can thank the orchestrated devaluation of western currencies for a large part of this). People have a bad tendency to weather all kinds of atrocities as long as they are fed, but once certain necessities are taken from the masses, they WILL act, usually in a violent and unfocused manner. These revolutions are, for the most part, legitimate when they begin, but are co-opted as they progress, chiefly because the cultures involved do not understand where the real threat is coming from. Is centralization of the Middle East through catastrophe the goal? Perhaps, though, when all is said and done, I think the upheaval in the Middle East is much more about the U.S., than the Muslim world…
Déjà Vu All Over Again…
For those who really want a comprehensive sense of what is happening in the Middle East and why, I suggest a look into the last major Egyptian revolution of 1952. At that time, Britain was still the preeminent western power in the Arab world, and its control of the oil supply was absolute, much like the stranglehold the U.S. has enjoyed for many decades. Oil was pegged to the British sterling and any trade in crude required a conversion to the British currency. In fact, it was often said that the British Empire’s power after World War II was entirely dependent on its reserve currency status in oil markets. Any of this beginning to sound familiar?
In 1952, a revolution against the Egyptian puppet monarchy and its British overseers burst seemingly from nowhere, led by a group called the “Free Officers Movement”. In reality, the insurrection, fed by years of corrupt Aristocratic rule, was initiated and in some cases funded by both U.S. and Soviet agencies in tandem! In 1951-1952, nationalist police officers backed by the U.S. and Russia began supporting fedayeen terrorist groups using false flag attacks to weaken the region (is this sounding even more familiar?). Interestingly, this era was the birth of the so called “Muslim Brotherhood”, a group which has suddenly resurfaced in media discussion today.
Riots spread through Cairo, King Farouk was overthrown, the British were eventually run out, and their control of the Suez Canal was lost. But the story doesn’t end there…
The British and the French wanted the Suez back (at least that’s what they claimed), for control of the Suez meant control of Middle East oil markets. A plan was initiated by the two European powers to take back the canal using an Israeli invasion of the Gaza Strip as a spring board. This time, Israeli agents were used by the British to conduct false flag attacks, which were presented as a pretext for Israel to move against Egypt. The British and French followed by landing troops near Cyprus and Algeria.
The plan would have worked, except for one thing, the British were financially weak after two world wars and were completely dependent on American investment in their treasury debt. In response to the British action, the U.S. along with the UN threatened to halt investment in British debt and to stop price support of the Pound Sterling. This led to the eventual fall of the pound as the world reserve currency, and the rise of the dollar.
Official history portrays this move by the U.S., Russia, and the UN, as an attempt to undermine the long reach of the English. It is rather convenient however that the pound was dethroned just as plans for the European Union were beginning to be implemented in the early 1950’s. It seems to me that the British elites were fully aware that their futile attempts to hold onto the Middle East would result in the fall of the Pound; it was simply the British people’s turn to be taken down a few notches, and centralized. The similarities between the British Empire’s decline over Middle East oil in the 1950’s and our decline over Middle East oil today, are startling.
If history was to repeat itself, I would guess that the U.S. will soon be embroiled in political or even military operations to control the Suez, and retain its dollar peg to oil, which will illicit a negative response by international investment, causing central banks to dump their U.S. treasury investments and the dollar as a reserve currency.
Think of it as a grand theater meant to amuse only global bankers…
Energy Crisis To Strike The U.S. And Protect Globalists
An unstable Middle East benefits very few people, and that, I suppose, is the point. As we have covered here in a multitude of articles, the U.S. is on the verge of engineered economic collapse, driven mainly by the steady and purposeful devaluation of the dollar and our quickly expanding national debt. If you are a corporate central banking group seeking the death of the greenback as the world reserve currency, you face the very serious problem of avoiding immediate blame or retribution for your actions. What better way to escape the torches and pitchforks of the furious populace than to find a scapegoat, or a distraction even more terrifying than poverty?
Middle East turbulence provides the perfect smokescreen for the inflationary destruction of the dollar.
First and foremost, it hides the already skyrocketing price of energy, which was inevitable due to our devaluing currency (oil is traded primarily in dollars), but can now be blamed entirely on “Middle Eastern instability”. Already, the cost of crude has spiked to $100 a barrel, with no sign of relenting. Certainly, many Americans will now blame Egypt or Libya for their empty wallets, instead of global banks.
To add to the confusion, various agencies are feeding the MSM with a rainbow of mixed messages, which leave Americans vulnerable to uncertainty, making them far more malleable. For instance, the IMF has recently stated that the world can easily withstand $100 oil (a lie), while the International Energy Agency has stated that $100 oil would be “very very bad”, leading to a complete derailment of the global economy (which was going to occur anyway):
http://www.bloomberg.com/news/2011-02-22/world-s-economy-can-survive-short-term-surge-in-crude-oil-prices-imf-says.html
http://www.cnbc.com//id/41714336
Social and economic disaster ANYWHERE in the world today will invariably cut the thin threads of psychological faith in our so called recovery. The system was a sham to begin with, and the quantitative easing methods of the Federal Reserve were never intended to actually “save” our financial house from collapsing, just prolong the event until they were ready to sweep away the ailing remains and offer us an IMF controlled replacement. It is designed to fail, and fail spectacularly. However, these facts will sink into the fog of history if Americans are suckered into fixating on a single area of the planet as the sole source of economic catastrophe.
Finally, if the tension spreads to other nations such as Saudi Arabia and triggers violent in-fighting, or Israel is tapped as an asset to instigate wider conflict, we could be looking at all out war on an incredible scale. This would be the distraction to top all distractions.
Is American Upheaval Next?
If crude oil continues to climb above $100 for more than a couple months, the negative effects will be undeniable. If you thought we had inflation before, just wait until gas hits $5 to $6 a gallon, and shipping costs for goods explode. This doesn’t even take into account the very real possibility that once the Middle East is fully destabilized, and certain political influences are dissolved, OPEC will completely de-peg oil from the dollar. From there, the sky is the limit on gasoline values. Already, Mohamed El-Erian, chief executive officer at Pacific Investment Management Co. (PIMCO) is calling for a “stagflationary” market reaction to the turmoil in Libya:
http://www.bloomberg.com/news/2011-01-12/europe-faces-difficult-balancing-act-tackling-debt-crisis-el-erian-says.html
What will be the U.S. government response to a crashing currency and climbing costs? Austerity! Although, they will probably use different terminology to describe it. The onset of cost cutting measures is becoming more visible, especially within the states, where municipal bond investment has run screaming off a cliff. Large scale protests are erupting in Wisconsin and Ohio due to state cuts designed to help them stay financially afloat:
http://www.reuters.com/article/2011/02/22/us-ohio-protests-idUSTRE71L7SR20110222
The debate here becomes two sided; do state workers deserve to have their wages or benefits cut because state governments were fiscally irresponsible? Should states continue to run up incredible deficits just to appease state workers (who many consider overpaid) in the short term? They are both meaningful positions that need to be considered, however, these two sides miss the full picture.
The fact is, state governments are beyond broke, and eventually, they will have to nix spending and entitlement programs regardless of how anyone is affected, especially in the face of unchecked inflation. State employees and all people dependent on welfare are not necessarily the culprits behind financial clear-cutting either. The argument cannot be allowed to devolve into a mindless cage match over who deserves the money, because, first, there is no money, and second, this distracts from the original cause of the distress; the corporate banking elites who instigated the disaster in the first place. Already, I can see a certain subsection of the populace lashing out wildly at figureheads and opposition parties, just like in Egypt, instead of the corrupt system and the banking moguls who built it.
If an Egyptian or Libyan style revolt, driven by blind mob mentality, takes place in the U.S., we can expect several things to occur. Normal means of communication will be disrupted; both Egypt and Libya responded to protests by shutting down all internet and cell phone traffic. Martial Law will be enacted, and Constitutional rights suspended; continuity of government programs are already in place to legally bind states into bowing to DHS and FEMA authority in the event of any “national disaster”, including a dissenting citizenry. Immediate bank closures will follow, just as occurred in Egypt, causing a lack of liquidity in local markets and panic among those who were financially unprepared. Violence will unavoidably result, giving the Department of Homeland Security the perfect excuse to implement even more controls, all for our own “safety” of course.
Some may welcome such bedlam as a sign of change. I don’t see it that way. Revolution without direction, without a plan, and without a clear understanding of the source of the problem, is meaningless. We can allow ourselves to be herded by our own rage into even more pronounced tyranny, or we can stay focused, collected, and act with purpose by organizing our communities with the objective of self sufficiency and self protection. We can work with state legislators to bring support to Tenth Amendment issues, giving them the strength to withstand an economic collapse and the ability to turn down DHS or FEMA’s “help” when the time comes. We can organize intelligently, without centralized control, or we can hand over our destinies to yet another elite group of unaccountable autocrats. As impossible as it might seem, the choice really is up to us. How we act and react in the coming months will mean the difference between a free and prosperous America, or a scorch mark in the annals of history.

Frontrunning: February 24

Frontrunning: February 24
Submitted by Tyler Durden on 02/24/2011 07:59 -0500
•Gadhafi Flails as Libya Splinters (WSJ)

•As reported on Zero Hedge two days ago... Libya placed billions of dollars at U.S. banks (Reuters)

•Bullard Is ‘Bellwether’ as Fed Weighs Duration of Asset Buying (BusinessWeek)

•Is Stevie Cohen the Feds' Moby Dick? (Reuters)

•Those delusionary brits...Miles Says BOE Outlook Warrants ‘Very Gradual’ Rate Increase (BusinessWeek)

•Bonuses on Wall Street Declined 8% in 2010, N.Y.'s DiNapoli Says (Bloomberg) The average Wall Street employee took home a cash bonus of $128,530 in 2010

•Fleeing Egyptians Tell of Qaddafi's `Bloodbath' Across Libya (Bloomberg)

•Senator Wyden's Son Starts Hedge Fund After D.E. Shaw Internship (Bloomberg)

•Indian Rally Raises Pressure on Singh (FT)

Eric Sprott: "There Is No More Silver Left"

Eric Sprott: "There Is No More Silver Left"


Submitted by Tyler Durden on 02/23/2011 15:05 -0500
Eric Sprott
Eric Sprott made an appearance at Casey Research Gold and Resource Summit where in addition to providing a succinct summary of all his monthly letters from the past year, whose forecasts are all gradually panning out, he spoke about the prospects for gold, and particularly silver. We will leave it to readers to parse through the brief must watch clip, but here is the punchling for those wondering why increasingly more distributors are reporting indefinite lack of physical silver inventory: "There's $22 billion of silver available in the world, of which the ETFs already own half, and between you guys and us we probably own the other half... Which means there's nothing left."

And Wow: Fed's Hoenig Says United States Has "Deeply Undermined Free-Market Capitalism"

And Wow: Fed's Hoenig Says United States Has "Deeply Undermined Free-Market Capitalism"


Submitted by Tyler Durden on 02/23/2011 12:33 -0500
The Fed mutiny has arrived:
•HOENIG SAYS U.S. HAS `DEEPLY' UNDERMINED FREE-MARKET CAPITALISM

•HOENIG WARNS OF ESCALATING SERIES OF CRISES WITH RISING COSTS

•HOENIG: LARGE FINANCIAL FIRMS CAN EXPECT BAILOUTS IN FUTURE

•HOENIG SAYS BIG FINANCIAL FIRMS MUST NOT HOLD ECONOMY `HOSTAGE'

•HOENIG: LARGE FIRMS WERE `GAMING' CAPITAL STANDARDS PRE-CRISIS

•HOENIG:BIG FIRMS `HAVE SIGNIFICANT INCENTIVES' TO INCREASE RISK

•HOENIG: TOO-BIG-TO-FAIL FIRMS POSE `GREATEST RISK' TO ECONOMY

•HOENIG SAYS BIG FINANCIAL FIRMS ENJOY `HUGE' FUNDING ADVANTAGE

And the last one:
•FED'S HOENIG SAYS `HISTORY IS ON MY SIDE'

Geithner Says Not To Worry About Surging Oil Prices: "Central Banks Have A Lot Of Experience In Managing These Things"

Geithner Says Not To Worry About Surging Oil Prices: "Central Banks Have A Lot Of Experience In Managing These Things"


Submitted by Tyler Durden on 02/23/2011 11:51 -0500
You really can't make this shit up: "The economy is in a much stronger position to handle” rising oil prices, Tim Geithner said today during a Bloomberg Breakfast in Washington. “Central banks have a lot of experience in managing these things." We are, all of us, now doomed.

Brent Passes $110

Brent Passes $110
Submitted by Tyler Durden on 02/23/2011 10:19 -0500
CrudeGreat Depressionrecovery
A $10 move in a week is just what the doctor ordered to destroy the last trace of surreality in the whole "economic recovery" story. At this rate we will take out all time high crude prices by mid March. As we have been saying since December, a rapid move in oil will undo years of carefully planned propaganda and money printing. Yet the weakness that "nobody could have possibly predicted" is just as we had forecast: global and US weakness in late February/March, market swoons in March/April (as per DeMark's repeat appearance), Fed releases early indications of QE3 in May. In the meantime, we also get a war as a bonus to boost the US military-defense industrial complex. Pretty much a rerun of the first great depression to the dot.

Gaddafi Son Says Army Will Protect Oil Infrastructure, Blames Al-Qaeda For Carpet Bombing As 10,000 Now Reported Dead

Gaddafi Son Says Army Will Protect Oil Infrastructure, Blames Al-Qaeda For Carpet Bombing As 10,000 Now Reported Dead
Submitted by Tyler Durden on 02/23/2011 14:00 -0500
AfghanistanItalyNewspaperRealityTwitter
And so we go from one lunatic to another. In an "exclusive interview" with the FT, Muammar Gadaffi's son, al-Saadi, told the newspaper, whose parent Pearson PLC is 3% owner by the Libyan Sovereign Wealth Fund, "made it clear that he believed any such new regime would still include his father. “My father would stay as the big father who advises,” he told the Financial Times, adding that direct administrative powers should be handed over to a new generation." And further confirming the soon to be deposed ruler's break with reality, were accusations that the reason why the Libyan airforce has been shooting at protestors over the past week, was to protect the country from "thousands of al-Qaeda" infiltrators who had taken over the eastern part of the country. Touching on a topic discussed yesterday, namely that the Gaddafi regime may engage in sabotage against its oil industry, al-Saadi “said that the army would be sent to guard facilities if necessary. The army is still very strong,” he said. “If we hear anything, we will send some battalions. When people see the army, they will be afraid.” In other words, expect to hear news of major disruptions in the country's oil infrastructure which will promptly be blamed on al-Qaeda by the Gaddafis. And going back to reality, we read that the death toll in Libya has surpassed 10,000 people.

Meanwhile Back in Greece, the country where Democracy was Born Peacefull Rioting gives way to outrite Violence

Submitted by: Francis Soyer

Keiser Report: Fed's Reign of Terror (E123)

http://www.youtube.com/watch?v=ZF_QXKFSDAU&feature=player_embedded

Korean Bank Run Spreading: Eighth Bank Closes Following "Massive Withdrawals"

Korean Bank Run Spreading: Eighth Bank Closes Following "Massive Withdrawals"


Submitted by Tyler Durden on 02/22/2011 19:28 -0500
Bank RunFederal Deposit Insurance CorporationKIM
The quietest bank run that has so far completely evaded mainstream attention, that of Korea, is spreading, and an eighth bank has now shuttered after "Domin Bank, a savings bank with a capital adequacy ratio below 5 percent, voluntarily decided yesterday to suspend its operations temporarily because of massive withdrawals." As JoongAng reports: "The decision took both depositors and financial regulators by surprise since it was the first time that a local bank shut its doors on its own." Apparently the courageous decision by the Financial Services Chairman Kim Seok-dong to deposit $17,864 in a troubled bank has not done much if anything to prevent the locals from realizing that their banking system is built on a house of cards.
From JoongAng Daily:
Domin Bank, which has six branches in Gangwon, was placed on a watch list last week by the Financial Services Commission. The move triggered a bank run on Domin Bank.
According to Domin Bank, deposits amounting 31.8 billion won ($28.2 million) were withdrawn since last Thursday, including 18.8 billion won on Monday.
The news of Domin Bank’s temporary closure came as FSC Chairman Kim Seok-dong was visiting Mokpo, South Jeolla, where recently suspended Bohae Savings Bank is located.
Seok-dong unhappy:
“This savings bank was supposed to submit a management improvement plan to the FSC by Feb. 24,” said Kim. “We will now have to review whether [the closure] is even legally O.K.”
More classic quotes follow:
Bae Joon-soo, senior FSC deputy director, said, “I think it is legally and morally wrong for a financial firm to do such a thing.”
Now we get it: according to the banking cartel's ethical standard it is "legally and morally wrong" for a bank to admit it is insolvent. Perhaps if America had made this clear 2 years ago, we could have spared ourselves two years of fingerpointing and fictitious lawsuits. After all, say what you will about the tenets of banker national socialism, at least it's an ethos.
The financial regulator and the Federation of Savings Banks failed to persuade Domin Bank to resume its operation yesterday.
The bank in notices posted on the doors of every branch said that it had taken the move “as a means to soothe the crisis involving massive withdrawals.”
The notice continued, “We will resume operation after we are reborn as a sound savings bank by increasing our paid-in capital to achieve a capital adequacy ratio of 8 percent.”
We repeat our appeal for the FDIC and Treasury to send our crack fraud and book cooking team to guarantee to the Koreans that their bankrupt banks are perfectly ok before this thing gets really out of control, and migrates to China, where a billion man bank run will be a little harder to keep under wraps.

Federal Reserve Board

More and more people are popping out of the woodwork these days offering startling new revelations about the crime family that runs the Federal Reserve Board. Here are just a few of their crimes: the creation of the Red Brigades and Baader Meinhof Group to assassinate politicians like Italy’s Aldo Moro, the use of falsified international treaties to seize control of global finance, the replacement of the real Dalai Lama with a stooge and plans to induce massive global starvation this spring and summer.
The reason more people are willing to come forth and testify is that they finally see the Illuminati, or gang (committee) of 300, Khazarian Satanists or whatever label you choose to use for them, as headed for a final takedown. Perhaps that explains the latest rash of attempts to bribe members of the White Dragon Society, including this writer.
The Satan worshipping owners of the Federal Reserve Board, however, are extremely fanatical about their religion and many continue to believe their plans are pre-ordained and unstoppable. Their campaign to overthrow governments world-wide, starting in the Middle-East is part of a plan to vastly hike oil and food prices in an effort to engineer famine and war by late spring or summer.
Here is some of what self-described Olympians (David Rockefeller has referred to himself as “Zeus” in the past) or committee of 300 members including Joseph Rattinger, John McClay, Fred Potter and Alexander King, among of others, have to say about their activities:
“When Queen Elizabeth II was enthroned, the ceremony was presided over by a committee of 300 (hereafter “member.”) leader.”

“We do not believe in God and worship Lucifer.”

“Whenever a US President speaks a member can be seen in the background.”

“The Club of Rome works for us.”

“We want a small and better world without useless eaters.”

“Industrial progress leads to population growth so we are dedicated to the destruction of the industrial state.”

“We remove any leader who, like Kennedy, stands in our way.”

“We were formed by an alliance between the Anglo Financiers and the Black Nobility of London, Venice and Genoa.”

“We have a chapter in Washington.”

“Interpol, Mossad and the FSB all work for David Rockefeller.”

“Henry (Heinz) Kissinger is one of our most important agents; he belongs to the Grand Alpine Lodge in Switzerland that controls the Italian P2 lodge.”

In a typical move by committee monster Kissinger he told Prime Minister Zulfikar Ali Bhutto “We will make a horrible example of you if you continue with your nation building.” Bhutto was later judicially assassinated by committee member General Zia-ul-Hak. The same people killed his daughter Prime Minister Benazir Bhutto.
Prime Minister Aldo Moro was killed on the orders of committee member Bettino Craxi, who created the Red Brigades in order to have an enemy required to justify fascism.
This information was given to the White Dragon by committee members who thought it would convince us they were invincible and that attempts to bring them to justice would fail. They say their members hide in public places like 10 Downing St., Congress and the White House.
The US House of Representatives Sub-Committee on Energy is one of their main strongholds in Washington.

Meanwhile a Japanese agent who has sub-contracted for David Rockefeller and the committee had his own startling revelations.
According to this agent, the Dalai Lama was replaced as a young child with a committee selected candidate. He says the Tibetans of the Dalai’s clan, together with members of the Tibetan Royal family were trying to remove this impostor in order to liberate world Buddhist organizations from committee control.
The head of Japan’s largest Buddhist Lay organization, Son Tae Chuck (Japanese name Daisaku Ikeda) is in a coma and his organization, which controls much of the Japanese police establishment, was also about to be liberated from committee control, he said.
Also, committee agent Dr. Nakamatsu is trying to take over the cult Kofuku no Kagaku (Happy Science). Happy Science funnels money to the advertising giant Dentsu. Dentsu is used by the CIA in Japan as part of their media control grid.
The two top committee agents in Japan now were Nobuo Tanaka from the International Energy Agency:
http://en.wikipedia.org/wiki/Nobuo_Tanaka

and Isao Iijima, arch-traitor Prime Minister Junichiro Koizumi’s former secretary. They are in control of distribution of dollars and yen created by the Bank of Japan. Korean pretending to be Japanese Tokyo Governor Shintaro Ishihara is also a Rockefeller flunky, the agent said. These traitors will all be hearing from the White Dragon society soon.
The agent had many more revelations that we will keep from the public record at present in order not to impede ongoing criminal investigations.
We can also now report the White Dragon Society has obtained copies of treaties such as Schweitzer Agreement and other international treaties that prove the so-called owners of the Federal Reserve Board and the US dollar printing machine have been using fraudulently altered versions of these treaties to justify their stranglehold on global financial transactions.
The same scumbags have been trying to take over various Middle-Eastern nations in order to loot their central banks, jack up the price of oil and start World War 3. They will be stopped. If any mass starvation begins, it will signal the start of a total purge of all committee members and their flunkies.
Representatives of a Southern Chinese power broker, who claimed connections with the Federal Reserve Board, also came to offer this writer an astronomical bribe last week. There is an Intaglia printing press in Southern China that prints US dollars and clearly the owners of this printing press wish to maintain their control over this particular dollar printing subsidiary. This can be arranged provided the Southern Chinese faction ceases to cooperate with the Satanist committee and their agents. No bribes, however, will be accepted by the White Dragon.
The White Dragon Societies calls for the creation of a new meritocratically staffed organization to replace the Federal Reserve Board and the IMF to take over the issuance of US dollars. It also wants a global economic planning agency to be set up to carry out projects, such as ending poverty, stopping environmental destruction, greening deserts, exploring space etc.
The Rothchilds and European Royal Bloodlines, for their part, are asking for a sovereign island with two UN seats and unlimited funding in exchange for their cooperation. This is something the White Dragon can live with

Frontrunning: February 22

Submitted by Tyler Durden on 02/22/2011 08:01 -0500
Bank of EnglandBOEConsumer ConfidenceGermanyItalyNew ZealandratingsSwitzerlandTrade BalanceUnited Kingdom
•Housing data may have understated extent of collapse (Reuters)

•Powerful 6.3 Earthquake Hits New Zealand, NZD slides (FT)

•Shutdown Fears Raise Hopes for US Budget (FT)

•Oil price shock: Pandora's Box is opened (Telegraph)

•Spain's rotting corpse finally floats to surface: Spain Pegs Cajas' Possible Problem Debt at €100 billion (WSJ)

•Wal-Mart Fourth-Quarter U.S. Comparable Sales Trail Forecast (Bloomberg)

•New Property Rules Driving Rent Prices (People's Daily)

•BofA Doubles Writedown for Credit-Card Unit to $20.3 Billion (Bloomberg)

•Weber Sets Germany on Collision Course with EU (FT)

•Desperate Gaddafi Clings to Power (FT)

•Bond Market Swaps Back Bernanke's Benign Inflation View (Bloomberg)

•Sale of the Century (Newsweek)

Iran Warships Begin Suez Crossing

Submitted by Tyler Durden on 02/22/2011 08:29 -0500
Despite indications that the US would attempt to forcefully box the Iranian warships in the Red Sea, first observed here, this strategy, if that was indeed the plan, has failed, and according to Egypt's state-run MENA agency, the Suez crossing for one (very old) Iranian frigate and one (very old) supply ship has commenced. Bloomberg reports: "The ships entered the canal early today after the approval of Egypt’s Defense Ministry, the state-run Middle East News Agency cited Ahmed El Manakhly, head of traffic at the Suez Canal Authority, as saying. The crossing usually takes 10 to 12 hours, El Manakhly said." Israel is, needless to say, unhappy: "Israeli Foreign Ministry spokesman Yigal Palmor today said that Israel would consider the presence of the warships sailing through the canal to the Mediterranean Sea “a provocation” that should be “dealt with by the international community.” Palmor said he was citing previous comments by Foreign Minister Avigdor Lieberman." Yet with tensions already on edge, the possibility that this latest war of words escalates into anything more is quite remote.

Rep. Steve Scalise says vote sends a signal to the president that lawmakers are tired of his "shadow government."

Rep. Steve Scalise says vote sends a signal to the president that lawmakers are tired of his "shadow government."

By Andrew Restuccia - 02/17/11 07:01 PM ET
The House GOP approved an amendment to a government-spending bill that would block funding for the Obama administration’s so-called policy "czars,” appointed advisers to the president that have been much-criticized by Republicans.
The vote was 249-171.
The amendment, offered by Rep. Steve Scalise (R-La.), specifically targets Obama’s “climate czar” by blocking funding for the assistant to the president for energy and climate change, the position's official title. The amendment would block funding for the 'czars' through the end of the fiscal year, when the spending bill would run out. The underlying bill also includes a provision to block funding for the position.
"I think this sends a strong signal to the president that we are tired of him running this shadow government, where they have got these czars that are literally circumventing the accountability and scrutiny that goes with Senate confirmation," Scalise said after the vote.
Carol Browner, who currently holds the position, announced last month that she will resign, leaving the future of the office in doubt.
Scalise said the measure blocking the czars also makes good fiscal sense.
"We are going to save millions of taxpayer dollars, but we are also going to send him a signal that he is going to have to hold his administration accountable to the same transparency that he promised, but has unfortunately failed to deliver," he said.
Republicans railed against Browner and Obama’s other policy advisers, arguing they played too great a role in the president’s policy decisions for officials that were appointed rather than confirmed by Congress.
The amendment would also prohibit funding for the director of the White House Office of Health Reform; the State Department’s special envoy for climate change; the special adviser for green jobs, enterprise and innovation at the Council on Environmental Quality; the senior adviser to the secretary of the treasury assigned to the Presidential Task Force on the Auto Industry and senior counselor for manufacturing policy; the White House director of urban affairs; the special envoy to oversee the closure of Guantanamo Bay; the special master for TARP executive compensation at the Department of the Treasury; and the associate general counsel and chief diversity officer at the Federal Communications Commission.

Hillary Clinton donors indicted

Hillary Clinton donors indicted


By Jordy Yager - 02/16/11 08:32 PM ET
A federal grand jury indicted two Virginia men on Wednesday for allegedly trying to illegally reimburse donors who gave to Hillary Rodham Clinton’s Senate and presidential campaigns.
The Department of Justice (DOJ) has accused the two men, William Danielczyk and Eugene Biagi, of paying back $186,600 in contributions to the Senate and presidential campaign committees of a candidate for federal office, and obstructing the Federal Election Commission (FEC) and the FBI.
Though the DOJ does not name the candidate that the men donated to, according to campaign finance records Danielczyk and Biagi donated to Clinton’s 2006 Senate bid and her 2008 presidential campaign.
The two men are each charged with one count of conspiracy, two counts of reimbursing contributions, one count of using corporate funds to reimburse contributions, and one count of obstructing justice.
“As part of the scheme, Danielczyk and Biagi allegedly created and distributed back-dated letters to 15 contributors that falsely characterized reimbursements for contributions as ‘consulting fees,’” according to the DOJ.
According to court documents, April Spittle helped Danielczyk and Biagi, and earlier this month pleaded guilty to one count of making reimbursed contributions to the 2008 presidential campaign.
The defendants are expected to make initial court appearances Friday in U.S. District Court in Alexandria.
The maximum penalty for the conspiracy charge is five years in prison, while the charges of reimbursing contributions and contributing corporate funds each carry a maximum penalty of 10 years in prison. Obstruction of justice is punishable by up to 20 years in prison.

A reasonable scenario of Collapse of the Global Financial System for a new book by Damon Vickers a must read

From the Author: A Fictional Timeline of Events for the Crash of the U.S. Dollar


Author Damon Vickers

10 a.m. EST Wednesday. The U.S. government is having its regular auction of U.S. Treasury notes. Here we go again begging to the world with our tin cup. Only this time the world says, “No. We aren’t going to buy any more U.S. I.O.U.s.”

3 p.m. EST Sunday. When the Asian markets open, we see a meltdown. The Asian markets are down 5 percent, then 6 percent then 7 percent in an all out free-fall. It touches off an avalanche of selling and markets around the world go into independent free-falls.

3 p.m. EST Sunday. Global currencies start to slip and are also in free fall. Gold prices rise by $300 to $400 dollars an ounce. Silver and palladium are also up as global investors convert, to put everything they have into precious metals.

9:30 a.m. EST Monday. The New York Stock Exchange (NYSE) opens and within minutes circuit breakers around the world pop under a deluge of market orders.

9:50 a.m. EST Monday. The NYSE is advised of the liquidity problems and the market shuts down. Markets around the world react with volatility in a strong down trend. Everyone starts selling bonds to raise capital, but there are few buyers. Prices plunge; yields rise.

10:10 a.m. EST Monday. Markets around the world react to the close of the NYSE with volatility in a strong down trend.

10:45 a.m. EST Monday. Several countries in Europe announce they have raised interest rates by 3 or 4 percent to make their own bonds attractive to buyers. In response, other global markets become very nervous and even less stable.

9:30 a.m. EST Tuesday. The NYSE is unable to open due to the quantity of sell orders jamming the systems.

9:45 a.m. EST Tuesday. The Federal Reserve calls an emergency meeting. The United States needs liquidity and must compete for it.

10:45 a.m. EST Tuesday. The Federal Reserve announces a hike in interest rates.

11:15 a.m. EST Tuesday. Global markets don’t like the hike in U.S. interest rates, but respond by seeking some type of footing for the short term.

11:30 a.m. EST Tuesday. The NYSE finally manages to open two hours after the opening bell. Global markets have gapped down 6 to 7 percent from Friday’s close.

12:05 p.m. EST Tuesday. Traders believe the worst is behind them.

Tuesday afternoon through Friday morning. The dollar rallies. Markets find new levels. Traders around the world are walking on eggshells and having a hard time sleeping. Global currencies are still in free fall. Gold prices continue to rise along with other precious metals as more buyers come in.

2 p.m. EST Friday. In spite of the hike in interest rates, the U.S. dollar continues to fall as global confidence continues to erode.

8 a.m. EST Saturday. The Fed reconvenes.

3 p.m. EST Sunday. The Fed announces a second interest rate hike in as many weeks. At Asian open China gets first crack at the higher yield bonds.

3:01 p.m. EST Sunday. Currency markets instantly respond as bank interest rates in Western Europe are hiked simultaneously with the U.S., but there are no buyers.

9:30 a.m. EST Monday. At the NYSE bell all hell is unleashed. Traders around the world become net sellers of equities, bonds, and western currencies. Everyone wants out at the same time. The world markets are thrown into chaos. Panic and confusion sweep the globe and all markets are in free fall.

9:42 a.m. EST Monday. Everything is jammed as the volume of selling off all distributed equities in all the global markets becomes overwhelming. The markets around the world seize up. Trading ceases.

10:11 a.m. EST Monday. On the NYSE floor, someone turns up the volume on CNN and people slowly gather around the screen to watch videos of bodies falling out of exchange headquarters in Tokyo, Singapore, Hong Kong, London, Frankfurt, Paris and Bucharest. Someone turns the sound off, but the videos keep playing.

10:28 a.m. EST Monday. On the NYSE floor, traders start to pick up their tickets. Every hand is shaking. Throughout the day shocked traders wander out of the building. Some find their way home. Others are never heard from again. Others begin to obsess about how to recoup their losses if and when the market reopens.

12:01 a.m. EST Tuesday. The IMF convenes with G20 leaders to discuss a solution to the paralyzed markets. They realize the only way to unfreeze the markets is to do a total restructure of all westernized debt in one fell swoop. This will require a complete realignment of currencies as it will likely include massive work-outs by debtor nations. The work outs will mandate that all countries submit to terms set out by a new global authority that is quickly being formed.

6 a.m. EST Tuesday. A spokeswoman for the IMF/G20 coalition holds a news conference before the New York Exchange opens. The conference is simulcast around the world in multiple languages. She assures viewers that everything is under control and that the IMF/G20 coalition will be overseeing an economic reset that will transpire in an orderly manner. She encourages people to remain calm, adding that while the temporary halt in exchange trading is awkward, everybody’s money is safe and there is no need to panic.

3:15 p.m. EST Tuesday. Around the country, panic spreads. Bank runs are reported. Looting spreads from banks and guns shops to grocery stores and supply stores. Riot squads are deployed. The National Guard is called in. Police start recording fatalities. People start firing back at the police.

Hourly updates are broadcast from the White House. The President holds a daily live news conference for selected media representatives, but takes no questions.

6:09 a.m. EST Tuesday. The IMF/G20 coalition holds a news conference that is simultaneously webcast in multiple languages. As a panel, the IMF/G20 coalition members outline the plan to restructure the global economy. They announce the establishment of a new Global Unification Exchange System (GUES) and mandate that all nations cease printing national currencies. It’s a global town hall.

11:10 a.m. EST Wednesday. The newly formed grassroots Coalition for Political Reform/USA (CPR/USA) launches a coordinated internet campaign to demand changes in America political system, specifically the elimination the Electoral College and the creation of a secure online voting system which will ensure one person, one vote and be run by volunteers across the nation.
Pretty scary stuff. Obviously, this is all conjecture. Still, it contains some possibilities that need to be considered as the U.S. dollar continues to weaken.

Acute Liquidity Crisis In Europe Confirmed As Borrowing Surge On Marginal Lending Facility Continues

Comment on article by: Francis Soyer 2/18/11


The below article in this speculator's opinion is a fairly serious issue. As known by many maybe .01% of money managers on this planet or who have the where with all to understand what is happening from a Global Fiscal Policy point of view, these are the beginning warning signs of what it to come as a result of the Implamentation QE II and the coming of Basel III. Basel III requires banking reserves to increase by 50% for banks and has a longer time line for compliance 2014 last I checked but European banks were said to begin adopting this new capital requirement for banks at the start of 2011.

This is where the trouble will begin after quantitative easing ends (expected to be end of June or near). This is the setup that WILL bring down the entire global financial system including equities, real estate you name it save silver, gold and hard assets as almost all currencies will reach their race to zero almost over night. Some have put together scenarios that span a week or two and those articles will follow.

Again a reiteration this is an early shot accross the bow so to speak and confirmation of what is to come.

Acute Liquidity Crisis In Europe Confirmed As Borrowing Surge On Marginal Lending Facility Continues For Second DaySubmitted by Tyler Durden on 02/18/2011 07:26 -0500
European Central Bank

The one thing that nobody is conveniently talking about that has suddenly become a big flash red light, the surge in borrowing on the ECB's Marginal Lending Facility which we noted yesterday, continues for the second day in a row, removing all speculation of this being a technical or calendar glitch, and confirming that some financial entity in Europe has entered its death rattle. Today, the ECB announced that after borrowing €15.8 billion in overnight liquidity, the highest since the program's inception in 2009, we got another increase in borrowing, this time at €16 billion in overnight liquidity needs. With expectations that this borrowing surge at a last resort rate of 1.25% would normalize disappearing, we are surprised the reaction in the EUR is not far greater: the EURUSD did contract modestly overnight, but if this is indeed the proverbial first domino we would be very concerned about the long term prospects of the European currency. What is most concerning is that after revelations of check kiting at Irish banks yesterday, which confirms that banks are using a legalized ponzi scheme to literally print each other money, that some bank - any bank - will need to resort to such a high rate source of overnight capital. As European collateral has no quality thresholds, and as the ECB will accept anything, it makes no sense for any bank to pay incremental interest just to transfer borrowing to an overnight facility with a punitive rate - simple as that. If this continues for a third day on Monday, it may well be time to follow Hugh Hendry's advice, and panic.

Frontrunning: February 18

Frontrunning: February 18

Submitted by Tyler Durden on 02/18/2011 08:50 -0500
GermanyReuters
•Mergers loom as "flash crash" back in spotlight (Reuters)

•A monetary regime for a multipolar world (FT)

•Split in Economy Keeps Lid on Prices (WSJ)

•Inflow of 'Hot Money' Hits $35.5 Bn (China Daily)

•Bahrain Military Takes Control of Capital (FT)

•Trade Judges See Flaw in China Policies (WSJ)

•German Banks' Debt Downgraded By Moody's on Restructuring Act (Bloomberg)

•Balls Warns King on Bank Credibility (FT)

•Looks Like Banks Lose on Risk Plea (NYT)

FOX News Creates Fraudulent Video to Discredit Ron Paul

Comment from Francis Soyer:


This posting here is one of the more important postings this reader has come accross this year. It is a smoking gun, un refutable smoking gun piece of evidence of why all readers of this posts and others should turn off their TV if they are seeking any form of news. Also throw away your news papers, most magazines and other forms of Journalism you can think of. It is all crap and lies. The majority of news company's are owned by a handful of companies that have agendas to serve, opinions to manipulate to esnure the survival of their advertising constituents. Below is a clear and un mistakable example of why not to listen to FOX, CNBC, MSN, YAHOO, Wall Street Journal, NY Times, The Globe, Bloomberg News, NBC, CBS, ABC, Time Warner, Jim Cramer, and yes even CNN. These are ALL corporate owned media companies who could care less about real journalism. What they do care about: Serve the financial agenda of their shareholders (owners) e.g. members of the richest .01% of the Global population that own 75% of the planets wealth. What is it that they fear? They fear change plain and simple. Change that could cause them to lose control over others by means of wealth -master (those who own) and slave (those who must do what those who own to survive) relationship. Ron Paul is one of those few who have dared to speak out against this relationship in man and how we treat eachother. The only other two men of noteworthy attempt to challenge this relationship where Abraham Lincoln and John F. Kennedy. We all know what happened to them, so lets all put Ron Paul into our thoughts for safety and success and may God Bless.

FOX News Creates Fraudulent Video to Discredit Ron Paul


Submitted by EB on 02/17/2011 08:27 -0500
Fox NewsRon Paul
As Paul Joseph Watson of PrisonPlanet writes:
In a shocking act of mass public deception, Fox News attempted to skew Ron Paul’s 2011 CPAC straw poll win by representing it with footage from the previous year’s CPAC event, at which Mitt Romney supporters had loudly booed the result, another example of the continuing dirty tricks campaign being waged against Paul by the establishment media.

Congressman Paul replicated his 2010 victory over Mitt Romney by defeating the former Governor of Massachusetts for a second consecutive year at the annual CPAC conference.
However, before anchor Bill Hemmer introduced a segment concerning the story, Fox News played a clip of the 2010 announcement of the poll results, during which Mitt Romney supporters had loudly booed Ron Paul’s victory, passing off last year’s footage as representative of this year’s event.
Hemmer then proceeded to state, “In the end he was the winner, probably not the reaction he was hoping for,” describing the reaction as “mixed applause and boos,” before directly asking Ron Paul if he knew who was booing him.

Robert Wenzel comments:
This is the most incredible act of news media deception ever caught in smoking gun style. This video is a must view, and notice how the FOX anchors set up the lie and Bill Hemmer, the anchor interviewing Congressman Paul, brings the LIE right into the interview, in a further attempt to dilute Paul's victory.
These boys are scared, really scared. Get this video clip out to everyone and let people know what is going on.
Did FOX News [sic] and Bill Hemmer just have their very own CBS/Dan Rather moment?
Update per Mediaite (ht Cleve Meater):
...Fox News claims it was completely accidental. Mediaite received the following statementfrom Senior Vice President of News Michael Clemente:
“We made a mistake with some of the video we aired, and plan on issuing a correction onAmerica’s Newsroom tomorrow morning explaining exactly what happened.”

It's Official: Iran Says It Will Send 2 Warships Through Suez Canal

It's Official: Iran Says It Will Send 2 Warships Through Suez Canal


Submitted by Tyler Durden on 02/17/2011 08:45 -0500
After nothing happened last night, following Egypt's statement that it had not received a request to allow Iranian warships through the canal, PressTV has just announced that an Iran Navy official says the 2 warships are in fact on their way to the Canal and will pass shortly. Per Reuters, "the Iran state TV says Egypt sees nothing wrong with passage of Iranian warships through Suez Canal." The vessels in question are the Alvand frigate and the Kharg, a supply vessel.
Photo of the Alvand:

Look for kneejerk reaction in crude.
Some more perspectives from Information Dissemination:
The two Iranian ships are the corvette Alvand and supply ship Kharg, both pictured in this blog post. The Alvand is the flagship of the Iranian Navy. Displacing around 1,500 tons, the ship comes armed with 4 C-802 anti-ship missiles, a 4.5in gun, torpedo launchers, and various smaller machine guns and mortars. The US Navy has seen this class of ship before, in battle. During Operation Preying Mantis in 1988, the Iranian corvette Sabalan was left paralyzed and on fire from a 500 lb bomb from an A-6, while another pair of A-6s crippled the Sahand where she later sunk southwest of Larak Island following a Harpoon strike from the USS Joseph Strauss (DDG-16). For the sake of symmetry, I'll note the A-6s involved in Operation Preying Mantis that slapped around the sister ships of Alvand were from the VA-95 "Green Lizards" and flown off none other than the USS Enterprise (CVN 65).
The Iranian flagship Alvand is not a naval threat to anyone in the region, and is not why Israel is raising concern. The ship has terrible anti-air capabilities that are no match against the capabilities of the Egyptian Air Force, the Royal Saudi Air Force, the Israeli Air Force, or Carrier Air Wing One on the USS Enterprise (CVN 65). While the media portrayal of the Iranian Navy near the Suez is one of distressing concern, the reality is that corvette represents the biggest regional target at sea for thousands of nautical miles. The media may describe the presence of the Iranian corvette in the context of doubt, fear, and concern; but given Israel's outrage and tendency to be trigger happy - allow me to suggest the scariest place to be in the Red Sea today is anywhere near that ship. I note the irony between how the news narrative represents a complete disconnect between perception and reality.
Speaking of Israeli concern, assuming it is legitimate and not parochial; it likely has to do with the supply ship Kharg and not the corvette Alvand.
The supply ship Kharg is much more interesting. The Kharg is the largest ship in the Iranian Navy displacing around 33,000 tons and is a modified Olwen class fast fleet tanker. This is a big ship, and with the current tensions between Israel and Hezbollah, Israel is likely very concerned about what the ship is carrying. As a Navy ship rather than a commercial ship, the ship will not be searched for cargo so the concern by the Israeli's is that the ship could carry weapons to Syria where weapons can be unloaded and sent to Lebanon. There are rumors that go back several years that the Kharg has been often been observed in the Gulf of Aden delivering weapons from Iran to destinations like Eritrea and the Sudan.
If you follow the Wikileaks cables you will note that this known arms smuggling connection between Iran and Eritrea was how the Government of Yemen believed the Houthis were being armed, although the cables actually reveal that is not how the Houthis are being armed based on different intelligence.
Are the Israeli's being paranoid? Probably not. The Kharg is the best choice of vessel to move substantial arms from Iran to Hezbollah quickly and without harassment. It is around 2,150nm from Bandar Abbas, Iran to Jeddah, Saudi Arabia - where these Iranian ships made port last week. While I understand that a little corvette might have to make stops every few thousand nautical miles - even a corvette with the range of the Alvand - why does a fast fleet tanker like Kharg need a fill up after only a few thousand miles travel?
Probably because the tanker is carrying more than fuel.
What To Do
The Israeli's can get trigger happy in a hurry, so I have no idea what they will do. However, I noted with interest that PJ Crowley described the US position on the presence of the Iranian ships approaching the Suez Canal as one of "curiosity." OK, I buy that, I'm certainly curious as well. But the real question is what if anything should the United States do?
Well, if you are the US it depends if you think the Israel will attack the ships. If you do think Israel is going to get trigger happy, we should do nothing. However, if the US does not believe the Israeli's are going to attack the Iranian ships, this is what I believe the US should do.
It is more than a little disturbing to me that a ~1,500 ton Iranian corvette built in 1971 with 4 ASMs and no air defenses escorted by an old oil tanker can send the price of US oil up 1.8% for simply sailing on the ocean. Iran just significantly shifted an economic market in the US with a piece of shit corvette even though the USS Enterprise (CVN 65) was literally right there. Think about that a second...
An increase of 1.8% comes to $.67 per bbl of oil, and the United States uses 21,000,000 bbls of oil per day. That means that through soft power presence alone the Iranian Navy flagship, which by every modern naval standard is nothing more than a ~1,500 ton unrated corvette with a questionably trained crew and supported an old tanker, and yet the Iranian Navy just sent a $14 million shiver down the spine of the energy economy of the United States. To add insult to injury, that bump in oil cost could potentially sustain itself for several days while the Iranian Navy operates in that region.
How do we reconcile the ability of an Iranian corvette half way around the world to influence a US economic market with the rhetoric by the United States Navy leadership who attempts to link US naval power with US economy? How can observers not draw the conclusion that investors in this country have lost all association with American naval power and the sustainability of regional peace when an Iranian corvette can make this kind of economic impact while operating right next to a US aircraft carrier strike group? Investors in the US oil futures market must not even associate US naval power as a deterrent to economic disruption when oil shoots up 1.8% based on presence alone, and in this case the US naval power present is a carrier strike group. Is this a matter of stupidity or ignorance on the part of the investors, or does this say something about the US Navy's ability to articulate it's own value to the nation?
So, clearly the Navy has a communication problem... How can the US Navy address this? Well, if I was given 5-star rank for a day I would sail my Arleigh Burke class destroyer along side the Iranian Navy flagship for a "wave and hello" and take a photograph of the two ships side by side while underway. I realize that strategic communication is a forgotten, and perhaps lost art in the US Navy, but if you put a photograph on Navy.mil with the two warships in near proximity that illustrates the sheer size difference between the flagship of the Iranian Navy and a US Navy Arleigh Burke class destroyer, I will predict that the unofficial PASSEX is worth several thousand words to a great many reporters and Americans while also being a photograph worth about $14 million in savings to the US energy economy a day.

Frontrunning: February 16

Submitted by Tyler Durden on 02/16/2011 08:29 -0500
•From Prison, Madoff Says Banks ‘Had to Know’ of Fraud (NYT)

•Rising Chinese wages pose relocation risk (FT)

•Bahrain protesters take over key junction (FT)

•Fisher Says He May Prefer Treasury Sales as First Step for Fed Tightening (Bloomberg)

•Banks Push Home Buyers to Put Down More Cash (WSJ)

•Borders Files Bankruptcy as Expense Cuts Don't Stem Losses (Bloomberg)

•China's farm produce prices down last week (ChinaDaily) - weekly food prices are now Headline news

•Brazil Dismisses Plans to Pressure China on Yuan (WSJ)

•All You Need to Know About Why Things Fell Apart: Michael Lewis (Bloomberg)

Backward Silver & Forward Weather

Backward Silver & Forward Weather


By Bruce Krasting

Created 02/15/2011 - 19:04
BACKWARD
To make a point on silver I show the spot and forward swap prices for AUDUSD.

Now look at 1 year Treasuries and the same maturity for Australian federal paper.
Put it together. The interest differential is 4.61% in favor of Australia. Note the swaps are at a discount, meaning the left side (bid) is lower than the right side (offer). The forward Aussie discount is equal to the interest differential. Take the mid point of the swap (.0453) and divide it by the spot (.9965) and you get 4.50%. (the 11bp is spreads, ‘noise’ and basis risk differentials.)
Conclusion you can take to the bank: The forward price is equal to the interest differential. Simple.
Okay, with that in mind look at silver today. The futures price is trading to a discount to the cash price. Go back to my example for the AUDUSD. For silver to be backward it MUST mean that the cost to borrow silver is GREATER than the cost to borrow dollars. This is one of those ‘red flags’.
My conclusion? There is a shortage of the physical metal. Blame it on whoever you like. The Mint, the JP Morg, underwater producers. There are dozens of suspects to consider. Either way, it’s bullish for the price.

FORWARD

There is some fairly conclusive information that short-term weather patterns are changing. The evidence is in the most recent ENSO numbers. The extreme La Nina conditions that have brought so much pain to Australia (and other parts of the globe) are in the process of abating.
Consider first this chart that tracks the La Nina El Nino cycle. We have moved off the trough set in December. (From NOAA web site [4])
The updated (December-January) MEI value has strengthened slightly to -1.62 standard deviations after almost dropping below -2 standard deviations in August-September.
The -1.62 still represents a strong La Nina. A closer look at conditions in the four regions that make up the index shows what's going on:
This shows the cumulative change in conditions. We have backed off the extreme.
Where are we headed is the question. There are many computers looking at this and many possible outcomes. A chart of the various forecasts:

Note that the projections broadly point to a reduction of the current conditions. Some of the models are even pointing to a reversion to El Nino status by the end of the summer.
Should a +.05 /+1.0 ENSO (modest El Nino) be the reality this fall it would create conditions not unlike 2004 -2005. Those two years were the biggest hurricane years in the past 25.
Quite a number of folks have suggested to me that ENSO is just part of the picture and I over emphasize its importance in short-term weather patterns. Fair enough. Yet I keep getting hit on the head with evidence that confirms to me that this cycle is driving most of the short-term results. Consider what has happened in Australia over the past six months. They got rain like rarely before seen. What was happening to La Nina conditions that most affect their weather (Nino 3.4)? This from NOAA:


After a drop to +2 in June, July rebounded to +20.5, followed by values between +16 (November) and +27 (December), including +20 in January 2011. The last time that this index showed higher values for the average of any six months was during the same half-year in 1917(!), so any SOI-based classification would classify this event as one the second-strongest event of the last century
The 100-year La Nina was the cause of the 100-year rainfall. For me the cause and effect is too clear to miss. The questions to ask are, a) why are we seeing the extremes? and b) why is the life of the cycle(s) getting shorter and shorter? To my knowledge the folks with the computers haven’t figured that out yet.

World Situation

World Situation


I will not update the ‘World Situation’ anymore.
The coming crisis will strike people on all levels of life.
The ‘Greatest Depression’ is well on its way.
The greatest economic collapse in history is coming.
The financial/economic crisis has only just begun.
“This coming crisis is bigger than the world has ever experienced” – Ron Paul

1. Economy, 2. Politics, 3. Environment, 4. Health:

1. Economy:

The US Dollar is being devaluated and destroyed intentionally by the FED and other Players.

They are telling you that they are protecting the value of the Dollar but what they do is cause Inflation by creating money out of thin air.

“Inflation is a taxation on monetary assets”, as my Prof. at University appropriately put it.
The Collapsing Dollar – Authorities lose patience
Jim Rogers: Avoid The Dollar At All Costs
The US are already in a Recession even if Bernanke is still warning of a possible Recession.
The Recession will turn into a Depression.
Central bank body warns of Great Depression
Total Notional Value Of Derivatives Outstanding Surpasses One Quadrillion
CNN Warns Americans A New Great Depression Is Coming
USA 2008: The Great Depression
Fed: Severe Downturn Possible
The Great Depression of the 2010s
The Stock Market and the Monetary System are on the verge of collapse!!!!
JPMorgan Chase CEO: Recession Just Beginning
“We’re in a crash,”…
There will be a complete, controlled Meltdown of Americas Economy.
The Germans fear that meltdown as well
The subprime crisis has just started and it’s far from being over and there is chaos on Wallstreet.
Global credit losses will reach $1.2 trillion.
US banks fear $5 trillion balance impact
There are markets I haven’t even heard of and they are big. This is insane.
George Soros: “I consider this the biggest financial crisis of my lifetime.” A “superbubble” that has been swelling for a quarter of a century is finally bursting.”
Bailing Out Banks – Congressman Ron Paul
Morgan Stanley warns of ‘catastrophic event’ as ECB fights Federal Reserve
Marc Faber: ‘Misleading’ Fed Should Let Banks Fail
The cost of living is skyrocketing.

Many people have lost lost their homes and many more will have to go through that sad experience.
U.S. Foreclosures Jump 57% as Homeowners Walk Away
Federal Reserve: Homeowner Equity Falls Below 50%
Growing Deficits Threaten Pensions
The price of oil will soon rise 200-500%.Oil to hit $200 a barrel, says ace Indian analyst (Gas prices are rising too.)
Iran dumps U.S. dollars in oil transactions
Governments across the developing world are scrambling to boost farm imports and restrict exports in an attempt to forestall rising food prices and social unrest.
The food prices are soaring. There are already food riots. (Rice: about 30% up in just one month!)

And this will get much worse.

The middle class is being destroyed.

People will more and more live in fear and in survial mode and this is intentionally created as well.
Individual bankruptcies are rising dramatically.
28 million will receive food stamps in the coming year in the US.
Tent Cities Popping Up In California
One Nevada businessman may have found a way to bring the system crashing down — he has begun paying employees in those $50 Gold Eagle coins, making their annual salaries well below the threshold for even having to file tax returns. So far, the IRS is helpless to stop it.
The Pentagon Strangles Our Economy: Why the U.S. Has Gone Broke
Senator Byron Dorgan – Out of Control Fraud
Hyperinflationary Depression
Credit Crisis Turning into Credit Armageddon
The REAL cost of inflation
Energy Advisor Warns of $12-15-a-Gallon Gas
CBS: Report predicts $7/gallon gas 6/27/08
OPEC Leader Khelil Says Dollar Will Drive Oil to $170
Food stamp use hits record
Fed’s Direct Loans to Banks Climb to Record Level
JPMorgan Admits Receiving Multi-Billion Dollar Gift From the Fed
America’s infrastructure is crumbling
Federal regulators close Arkansas bank ANB Financial
Fed `Rogue Operation’ Spurs Further Bailout Calls
U.S. risks stagflation, says BIS chief
U.S. Credit Card Debt Soars to Unprecedented Heights
Banks’ credit crisis solutions have echoes of 1929 Depression
Wealthy Investors Shift Funds From Global Banks to Reduce Risks
US banks likely to fail as bad loans soar
Seniors Increasingly Facing Bankruptcy

RBS issues global stock and credit crash alert
California Home Foreclosures Skyrocket by Over 400 Percent
US trade deficit jumps to 60.9 billion dollars
The Derivatives Market is Unwinding!
This Recession, It’s Just Beginning
Ron Paul: This coming crisis is bigger than the world has ever experienced
US: Big Trouble for General Motors, Crysler and Ford
Dow suffers worst 1st half since ‘70
IMF orders X-ray of the entire US financial system
The Dow-Crash, The Dollar, Gold, and WAR!
As Bill Evolves, Mortgage Debt Is Snowballing
Barclays warns of a financial storm as Federal Reserve’s credibility crumbles
Fortis Bank Predicts US Financial Market Meltdown Within Weeks
City Pension Funds Lose Billions
Credit crunch forcing US middle classes to live in their cars
America’s Aviation System About To Collapse
The Economy Has Hit The Wall: Oil above $ 140, Consumer Confidence Falls, Retail Sales Slump
American Express: The Economy is Worsening
And this is not only seen in the US, it’s everywhere you look. The US are just a very good “bad example”.
Emerging markets face inflation meltdown
Bank bail-outs to be kept secret
Soldiers need loans to eat, report reveals
As China’s inflation soars, world fears knock-on effects
Russia quietly prepares to switch some oil trading from dollars to rubles
Iran shifts oil sales away from dollar

Russia blames U.S. for global financial crisis
Traders predict house prices will fall by 50% in four years
ECB raises key rate to 4.25%
GLOBAL ECONOMY – Factories hit worldwide as commodity prices soar
2. Politics:

Some News before we go into detail:

Ron Paul on Iran and Energy June 26, 2008
The US are broke, yet the government spends $ 1,6 Trillion on weapons.
You can’t trust the US government (actually any government in the world). There is so much that they haven’t told you. They are committing treason daily.
PENTAGON CAMPAIGN: Retired officers have been used to shape terrorism coverage from inside the TV and radio networks
US gave $300m arms contract to 22-year-old with criminal record
Canadian Troops To Patrol US Cities As Food Riots Feared
Homeland Security: Operation Endgame
Pentagon Releases Propaganda Documents
Bush misused Iraq intelligence: Senate report
Newest McCain official: President has “near dictatorial powers”
What’s Going on?
Do you think the US want to end the war?:

Are You Prepared For A Hundred Years War On Terror?

Senator and Presidential candidate John McCain said that it would be fine with him if the military stayed in Iraq for a hundred years.
Secret plans for US troops to stay in Iraq
Those behind the scenes want to create World War III and to start World War III they are planning to attack Iran:
The US are preparing for an attack on Iran and four nuclear submarines are heading for the Gulf.

Another source that reconfirms that the US have brought in nuclear submarines.

The fleet in the Persian Gulf is armed with nuclear weapons and cruise missiles and carries hundreds of aircraft and rapid reaction forces.
When the US attack Iran other nations will not just watch and stand by.

Those behind the scenes want to turn this into a religious war as well.

The Christian Right brought Bush to power and this is their mentality:

McCain advisor: Destroy Islam, McCain Backer Hagee Said Hitler Was Fulfilling God’s Will (AUDIO)
Believe it or not but they believe that Jesus comes back when they create Armageddon. How stupid can you get?
There are some equal idiots believing that they get 72 virgins from Allah when they are killing themselves through suicide bombings.
Ron Paul: Nancy Pelosi pulled Iran bill on orders of Israel
Ex-weapons inspector says Iran not pursuing nukes, but U.S. will attack before ‘09
Petraeus Testimony Next Week Will Signal Iran Attack
British fear US commander is beating the drum for Iran strikes
Source: U.S. Strike on Iran Nearing
Joint Chiefs of Staff: US prepping military options against Iran
Middle East: Beating the Drums of War
United States is drawing up plans to strike on Iranian insurgency camp
NATIONAL DRILL: U.S. Tests Response To Set of Calamities
Senate report exposes key role of the Israel lobby in fomenting war with Iran
US: Oil blockade constitutes an act of war
Top US commander briefed on IDF’s four-front strategy in potential Iran war context
America Is the Rogue Nation
Actually everybody is already preparing for war:

Right after Cheney has visited Saudi Arabia: Saudi Arabia is preparing to counter any ‘radioactive hazards’ which may result from a US strike on Iran’s nuclear plants.
Syria has called up its reservists, because if Iran attacks Israel with what is left after it got attacked by the US, then Israel being vulnerable has the great idea to attack everybody that they consider a threat, so that Israels enemies cannot take advantage of the situation. HELLO!!!
Syria says ready in case of US military action
Israel, U.S. commanders test ‘extreme’ scenarios in joint drill
Israel’s Defense Minister authorizes nationwide emergency drill also simulating a chemical missile attack.
Brown publishes first national security strategy
Israel preparing to bomb Iran N-sites
Israel launches ‘Iran Command’ for war
Israeli Ministers Mull Plans for Military Strike against Iran
Israel to attack Iran unless enrichment stops: minister
Joschka Fischer: US, Israel will attack Iran
Israel May Attack Iran, Pentagon Official Tells ABC
Iran ready to strike at Israel’s nuclear heart
How will things unfold? Let’s go back to 9/11. (Even if you are bored with it, it’s important.):
9/11 was an inside job, an catalyst event that was created to secure the oil in Iraq, take away your civil liberties, completely undermine your constitutional rights, destroy the middle class in the US and accelerate the New World Order.
USA Military Officers Challenge Official Account of September 11
Former Governor Jesse Ventura says that the WTC collapse was a controlled demolition.
Watch the movie that convinced Former Governor Jesse Ventura:

Loose Change 2nd Edition. Actor Charlie Sheen has also been promoting that film.

9/11 False Flag
There are many great documentaries on 9/11.
It’s all about Problem-Reaction-Solution:

They created the problem (9/11).

The people reacted as expected (allowing to trade in freedom for security).

They then present the solution they wanted to implement in the first place (Patriot Act, Homeland Security, FEMA, Presidential Directive 51).

There are many that believe that the President should be above the law and through Presidential Directive 51 he is above any law.
Please read surviving-martial-law.pdf. For me this was a very important read because it verified what I already knew about World War III and it also answered some questions I had.
And now that everything is in place there will be another catalyst event – Rumsfeld: Why not another 9/11? – of much bigger proportions than 9/11 and nobody will dare to say that this is an inside job because already now if you doubt the official version of 9/11 you are called a terrorist. (Did you know that actor Charlie Sheen is a terrorist? Thats were doubt can get you.)
After the next terrorist attack (inside job) President Bush will declare Martial Law and then he holds all power in his hands alone. He has to answer to no-one anymore. Presidential Directive 51 overrides everything. Similar power had Adolf Hitler, the Gestapo and Waffen-SS are also in place already. And then the US will attack Iran.
Another similarity between Nazi Germany and the US is, that the US are so broke that the only thing that can keep the economy and the government up is starting a war with Iran (or the US have to undergo a looong depression).

The situation the US are in right now is so amazing similar to the situation in Nazi Germany before it started World War II.
So 9/11 can be compared with the Reichstag fire which was a pivotal event in the establishment of Nazi Germany

and the next terrorist attack (inside job) will be the beginning of World War III.
The US will blame Iran for the attack, attack Iran and World War III has begun.
IF you think that the comparisison between Nazi Germany and the US is farfetched then read first the following excerpts and then the full article from the The Canadian National Newspaper:
“More than 1,820 tons (3-million, 640 thousand pounds) of radioactive nuclear waste uranium were exploded into Iraq alone in the form of armour piercing rounds and bunker busters, representing the worlds worst man made ecological disaster ever. Ironically, the only Weapons of Mass Destruction (WMD) that Americans soldiers have found in Iraq are “Made in America”.

U.S. investigative researchers have discovered an official U.S. Department of Veteran Affairs official, but not well publicized count, of 73,846 U.S. soldiers who have perished as an apparent result of Depleted Uranium based bio-chemical warfare exposure. This exceeds an estimate of 58,000 U.S. soldiers who had been killed in relation to the Vietnam War.
Well over 200,000 American soldiers could be killed by 2010, as a result of the after effects of exposure to U.S. dirty bombs.
Over One million U.S. soldiers have apparently been disabled from Depleted Uranium based biochemical exposure. Over one million Iraqis have also been documented to have been killed.”

IRAQ: ‘Special Weapons’ Have a Fallout on Babies
The Weapon of Mass Destruction Is Cancer
The effect of using depleted uranium will poison Iraq almost forever. So what is the bigger crime what the US are doing to Iraq or what Nazi Germany did to the Jews??? You decide for yourself. The answer is not so important.

It was important to ask the question so that the question can take form in your head.

Have you ever asked yourself how the Germans could be so ignorant and stupid to tolerate such a regime?

Well now you know. The 4. Reich is now here.

Bush Fulfills His Grandfather’s Dream
Police State & Surveillance & New World Order:
Maybe you are already living in a Police State and haven’t noticed it:
Mercenaries Training US Local Police Officers:

Blackwater officials say they are on contract with the Department of Homeland Security and have been given the authority to use lethal force if necessary.

Mercenaries can kill you in the US “if necessary”. I say that the government is preparing for Martial Law.
States Hand Over the DNA of Newborns to DHS:

Unknown to most new parents, or those who became parents in the last ten or so years, DNA of newborns has been harvested, tested, stored and experimented with by all 50 states. And all 50 states are now routinely providing these results to the Homeland Security Department.
Health Council Warns Of Goverment Plan To Claim Ownership Of Every Newborn’s DNA
Met Police officers to be ‘microchipped’ by top brass in Big Brother style tracking scheme

Every single Metropolitan police officer will be ‘microchipped’….

…there will not be any choice about wearing one.

Welcome to the Orwellian State.
Terror law turns thousands of council officials into spies
Police training for Martial Law
FBI & Homeland Security behind martial law exercises in Indianapolis
Police arrest anti-war protester, 80, at mall
Pentagon’s Cyborg Insects All Grown Up
Put young children on DNA list, urge police
The FBI Deputizes Business
Police State 2008

Paul Craig Roberts, a Republican who worked in the Reagan administration, is predicting a 9-11 type of attack before the 2008 elections. If that occurs, Bush can declare martial law and begin arresting those who disagree with his foreign policy (based on Executive Orders recently issued by the Bush Administration that grant the president these powers and more.

Government “Strike Teams” Invade Homes, Harass Flood Victims
Homeland Security invokes nuclear bomb, as Bush quietly links cybersecurity program to NSA:

(Exerpts of the article. The article is a MUST-READ:

“NSA to monitor America’s internet traffic and Google searches for signs of cyber attack”

“The National Security Agency was the key player in President Bush’s warrantless wiretapping program, which was revealed by the New York Times in 2005.”

“..the FBI has engaged in a massive cyber surveillance project that targets terror suspects emails, telephone calls and instant messages – and is able to get some information without a court order.”

“…the ACLU revealed documents showing that the Pentagon was using the FBI to spy on Americans. The military is using the FBI to skirt legal restrictions on domestic surveillance to obtain private records of Americans’ Internet service providers, financial institutions and telephone companies, according to Pentagon documents.”)
They knew: Bush, Cheney authorized ‘harsh interrogations’
Letters give CIA tactics a legal rationale
What’s Up with the Secret Cybersecurity Plans, Senators Ask DHS
Torch Teams: Martial Law in NYC Subways
Germany to Allow Video Surveillance of Private Homes
Ex-NFL Player Tasered For Pointing At Cop
Vancouver transit riders tasered for not paying fares
Justice Dept. Details Program for Collecting DNA From People in Federal Custody
U.S. to Expand Collection Of Crime Suspects’ DNA

Policy Adds People Arrested but Not Convicted
Watching How We Are Watched
Do Americans Care About Big Brother?
Microsoft is developing Big Brother-style software capable of remotely monitoring a worker’s productivity, physical wellbeing and competence.The Times has seen a patent application filed by the company for a computer system that links workers to their computers via wireless sensors that measure their metabolism. The system would allow managers to monitor employees’ performance by measuring their heart rate, body temperature, movement, facial expression and blood pressure. Unions said they fear that employees could be dismissed on the basis of a computer’s assessment of their physiological state.
Doctors and teachers to act as ‘informers’ to target violent offenders BEFORE they strike under controversial new ‘Minority Report’ plans
Pentagon report investigated lasers that put voices in your head
Philly Cops Caught Beating Motorists on Video
Anti-terror laws used to spy on family
High-pitch alarm quietens youths
The Microchip is here !!! – New World Order
Doctors Interrogate Children as Informants on Parents’ Behavior
And they have no problem torturing you.
Parents Must Immunize Their Children Or Go To Jail
Right now, feds might be looking into your finances
National Dragnet Is a Click Away
Will the Militarized Police State Shock You Into Submission?
Children could get a criminal record for holding a can of beer
House agrees to rare secret session on spy bill
Soon U.S. Citizens Must Ask for Government Permission to Fly or Travel
Homeland Ministry Plans Raytheon “Ray Guns” at Airports
FLDS RAID: DANGEROUS LEGAL PRECEDENT
Chicago Police to use M4 carbines
Crime Is Terrorism Believes Sheriff Candidate
Face scans for air passengers to begin in UK this summer
Border Agents Can Search Laptops Without Cause
FBI wants widespread monitoring of illegal Internet activity
FROM DNA OF FAMILY, A TOOL TO MAKE ARRESTS
Secret FEMA Plan To Use Pastors as Pacifiers in Preparation For Martial Law
Massachusetts Police Get Black Uniforms to Instill Sense of Fear
New anti-terrorism rules allow US to spy on British motorists
The Police Disguises Cameras As Fire Hydrants
Pilotless surveillance aircraft are being trialled across Britain
Your Internet provider is watching you
Enhanced Tracking Technology May Propel Adoption of RFID
The Government Is Trying to Wrap Its Mind Around Yours
Ventura Attacks Media for Criticizing Free Speech
Report Details Dissent on Guantánamo Tactics
China: Police State 2.0 is Ready for Export
Lieberman Demands YouTube Censorship
The Last Roundup: MAIN CORE
Why the police now have to ask teenage muggers: ‘Do you eat chips?’

They will also have been trained to ask questions about sexual behaviour, family life, religion, secret fears, weight and “sleeping arrangements” at home.
DHS Wants to Spy Illegally on Americans, Democrats Charge
U.S. citizenship to be checked in event of a storm
Detainees drugged against their will
Air Force Aims for ‘Full Control’ of ‘Any and All’ Computers
Town Halls should map race and religion to identify ‘tension hotspots’, says Hazel Blears
House Approves New Property Seizure Law
Bloomberg’s End-run Around the Second Amendment
Cell Phone Spying: Is Your Life Being Monitored?
Your personal data just got permanently cached at the US border
Spy Grid Part Of Consumer Technology
Martial Law Exercises Continue in Denver
Decider-Commander Goes to Iowa
Dealing With The Truth
I Thought We Didn’t Negotiate With Terrorists
Government Terrorists Terrorize Iowa Homeowners

U.S. School District to Begin Microchipping Students
McCain: Habeas Corpus a Privilege not a Right
FEMA: It’s Not About Floods, It’s About Martial Law
Rumsfeld Personally Approved Brutal Interrogations
Anti-war protesters banned from demonstrating against Bush
Bush pushes biometrics for national security
Spying Telecoms Receive Billions in Government Contracts
Police ‘torture’ videos cause uproar in Mexico
U.S. Military to Patrol Internet
US called Waterboarding a War Crime in 1947
AT&T Whistleblower: Spy Bill Creates Infrastructure for a Police State
Five Myths About the New Wiretapping Law
The Ultimate Goal of the Elite: Total Power
Others:

George Bush, Cheney, Rice, & Rumsfeld caught in Lies
U.S. General: Bush administration tortured detainees, ‘committed war crimes’
The US is not a republic anymore
Ex-Dutch Prime Minister accuses Israel of terrorism
Iraq – Iran – Former CIA Official Exposes Bush Administration Fraud
Kucinich presents Bush impeachment articles
George W. Bush has gotten away with murder
Exposing Pentagon and CIA Corruption
Britain and US ‘complicit in war crimes by Ethiopian military’
Big Brother law stirs outrage in Sweden
‘Peel and Stick’ Tasers Electrify Riot Control
Illegal Alien Raid Part Of FEMA Camp Drill
Pentagon Expands Propaganda Reach With Foreign “News” Websites
Germans said to plan major surveillance centre
German government backs enhanced surveillance
BBC uncovers lost Iraq billions
Narco aggression
Nato admits mistakenly supplying arms and food to Taliban
NKorea threatens South with destruction
Pentagon: $520 Million for Space Weapons Research
Unleashing the Bugs of War
Guantanamo detainees were tortured, medical exams show
U.S. abuse of detainees was routine at Afghanistan bases
The prison industry in the United States: big business or a new form of slavery?
French Government decides to censor the Internet
3. Environment – Earth Changes:
Former Presidents Urge Americans to Prepare for Emergencies:

They can’t tell you what is really coming but they know what is about to happen.
Wildlife populations ‘plummeting’
Migratory bird numbers plummeting, study shows
Return of the Plague
30,000 Scientists Rejecting Global Warming Hypothesis

Global Warming? Not in the Pacific Northwest
The earth changes are coming big time and the elite is preparing for it:
Experts prepare for lunar ‘Doomsday Ark’ an information storage bank on the moon. “Doomsday ark” would provide the tools for the reconstruction of the human race in case civilization is ever destroyed.
‘Doomsday’ seed vault opens in Arctic
Investors Behind Doomsday Seed Vault May Provide Clues to Its Purpose (Part 2)
Hungary to start the world’s first wild seed bank
African seed collection first to arrive in Norway on route to Arctic seed vault
Scientists to capture DNA of trees worldwide for database
Why are they doing all of this NOW??? Is that a coincidence??? No it isn’t.

The elite has for themselves massive undergrounds and enormous food and water supplies.
Water:
Actually this should cause a global outrage and a revolution: UN rejects water as basic human right

Canada’s water crisis ‘escalating’
Barcelona: Unprecedented Emergency Plan to Alleviate a Drought in the City
DROUGHT-STRICKEN CYPRUS GETS WATER FROM GREECE
The price of water will skyrocket and water will become more valuable than oil.
Many farmers will not be able to pay the water bill.
The Global Water Crisis And The Coming Battle For The Right To Water
World Water Wars
Water will be source of war unless world acts now, warns minister:

His department warned that two-thirds of the world’s population will live in water-stressed countries by 2025.
Water: China and India are already in big trouble and so are many, many other countries
Water crisis to be biggest world risk
Los Angeles Eyes Sewage as a Source of Water
California faces water rationing due to drought
Food:

The World is running out of food soon.
The Price Of Food: 2007 – 2008
Why Floods Bring America To Its Knees
The U.S. Has No Remaining Grain Reserves
The Best Farmland in the U.S. Is Flooded; Most Americans Are Too Stupid to Panic
Nine meals from anarchy – how Britain is facing a very real food crisis
Food Riots are Coming to the U.S.
Philippines: Food Shortage Looms – Arroyo Adviser
Floods may boost world food prices for years
Philippines: Fighting to survive on mountain of trash
UN alert: One-fourth of world’s wheat at risk from new fungus
Load Up the Pantry – The Wall Street Journal
Honeybee Colony Collapse to Devastate Food Companies, Result in Food Scarcity
Organic Bees Surviving Colony Collapse Disorder (CCD)
Feed the world? We are fighting a losing battle, UN admits
THE FOUR HORSEMEN APPROACH – FAMINE IS IN THE AIR
2008: The year of global food crisis
Making a killing from hunger
Exposed: the great GM crops myth
‘Panic’ wheat buying across the US
Food fear beats climate change
Five million face hunger in Zimbabwe, UN says
Bananas Are Dying, Killed by Corporate Monoculture
World warned on high food costs – BBC NEWS
World Bank Expects More High Food Prices
Food riots to worsen without global action: U.N.
UN secretary-general calls food price rise a global crisis
The food crisis begins to bite
Food Riots and Speculators
Specter of food rationing hits US supermarkets
Rationing of rice hits Britain’s Chinese and curry restaurants
Wal-Mart’s Sam’s Club limits rice purchases
Bay Area Shoppers Asked To Limit Rice Purchases
Food Rationing Confronts Breadbasket of the World
There will be bad harvests, drought, “plagues” and famine.
Billions at risk from wheat super-blight – New Scientist
There will be war about food, there are already food shortages and food riots have erupted in recent months in Guinea, Mauritania, Mexico, Morocco, Senegal, Uzbekistan and Yemen.
Commodities Boom Sends French Food Prices Rocketing
Drought spreading in Southeast – USA TODAY
‘Frankenfoods’ Giant Monsanto Plays Bully Over Consumer Labeling
The bees are disappearing:

The pollination of crops by bees is responsible for a third of the food produced in the US.
Mystery Bee Disappearances Sweeping U.S

“If the bee disappeared off the surface of the globe then man would only have four years of life left. No more bees, no more pollination, no more plants, no more animals, no more man.” – Albert Einstein
I saw a report that the oceans are already overfished and soon there simply will be no more fish left.

Chinook Salmon Vanish Without a Trace
Yes – in 10 years we may have no bananas
Corn rationing
Warming could trigger insect food frenzy
Pizza and beer now cost an arm and a leg
Rat Plague Hits Bangladesh
German Beehives Hit by Mass Die-Off
World Bank `Destroyed Basic Grains’ in Honduras
Global free market for food and energy faces biggest threat in decades
Crop Drops
Emptying the Breadbasket
Time to Stockpile Food?
Vanishing Topsoil Threatens Sustainability of Human Life on Earth
U.S. corn soars to record as crop flooded
Billions pledged at food summit, but more needed UN chief says
4. Health:

The food and water supply are now so poisoned that you better grow your own food, raise your own animals, have your own well and water filter.

U.K. to Begin Harvesting Organs from Dead Patients Without Consent!
US: Raw sewage is continuously released into rivers, streams
Warning: Using a mobile phone while pregnant can seriously damage your baby
Vaccines and Medical Experiments on Children, Minorities, Woman and Inmates (1845 – 2007)
Merck Plant Dumps Vaccine Waste and Chemicals Into Water Supply
One in five US servicemen has brain injury

The Food Irradiation Plot: Why the USDA Wants to Sterilize Fresh Produce and Turn Live Foods into Dead Foods
Life running out of control – Genetically Modified Organisms
Health Professionals Call for End to Water Fluoridation
Antidepressant drugs don’t work – official study
Study finds 98% of child drug trials lack independent safety checks
Interview with Dr. Russell Blaylock on devastating health effects of MSG, aspartame and excitotoxins
The World According to Monsanto – A documentary that Americans won’t ever see. (Video)
Dangers of the wireless cell phone wi-fi and emf age – Dr. George Carlo (Video)
Mobile phone radiation wrecks your sleep
The Truth About Aspartame – Dr. Russell Blaylock (Video)
The Hidden Hazards of Microwave Cooking
Fluoride, Aspartame and Agenda 21 (Video)
Georgia family challenges federal vaccine law
Vaccination: Pushing Gardasil (Video)
CASPIAN RELEASES MICROCHIP CANCER REPORT
The Water Cure: An interview with Dr. Batmanghelidj
Chemical Additives – Are They Slowly Killing Our Children?
THE FDA STILL IGNORES THE LETHAL RISKS OF TALCUM POWDER
Parents Must Immunize Their Children Or Go To Jail
Baby shampoo study raises chemical concerns
Men who use mobile phones face increased risk of infertility
Vitamins A, C and E Increase Mortality! (and other nonsense from the realm of junk science)
Merck Wrote Drug Studies for Doctors
Most Astonishing Health Disaster of the 20th Century
Feds Not Addressing Drugs In Water
The World According to Monsanto – A documentary that Americans won’t ever see.
CNN: Most Bottled Water is Tap
Feds Censor Sept. 11 Health Disaster
Los Angeles Eyes Sewage as a Source of Water
Bird Flu Medicine Toxic for Teens
Texas will immunize FLDS children
Commentary on Vaccinations
Canada’s Bill C-51 May Outlaw Natural Health Food Products
The REAL brain drain: Modern technology – including violent video games – is changing the way our brains work, says neuroscientist
Chemicals in Plastic Shown to Cause Reproductive and Neurological Disorders
Dirty Secret of Drug Industry: Their Pills are Made in China!
EPA might not act to limit rocket fuel in drinking water
Who should MDs let die in a pandemic? Report offers answers
Summit County judge orders Taser references deleted from medical examiner’s rulings
Should Government Aircraft Spray Chemicals on Residential Areas?

VA testing drugs on war veterans
Flawed St. John’s Wort Study on ADHD Failed to Use Active Form of Herbal Extract
California Begins Poisoning Millions with Toxic Synthetic Fluoride Chemicals
“I Am Legend” Meets Reality: Scientists Create Virus to Fight Cancer
Two More Girls Die After Receiving Gardasil Cervical Cancer Vaccination
Kiddie Prozac Docs Took Millions From Drug Makers
Wildflower Extracts Easily Kill MRSA Superbug
Mercury Fillings Shattered! FDA, ADA Conspiracy to Poison Children with Toxic Mercury Fillings Exposed in Groundbreaking Lawsuit
Study: 1 in 4 adults in NYC have herpes virus
Cook an Egg with Your Cell Phone
Make Popcorn With Your Cell Phone
America’s Medicated Army
Forced Vaccinations Part Of Dark Eugenics Agenda
Bill C-51 pits ‘big pharma’ against natural food vendors
“Worst Vaccine Bill Ever” Seeks Compulsory Shots For All Children
MSG: Causes obesity, is toxic and destroys your brain
Your Food is Toxic and Makes You Sick, Dr. Russell Blaylock, MD
U.S. – FDA Issues Health Warning Over Amalgam
George Carlin, Diet Coke With Aspartame & Cardiac Death
Low Sperm Counts and Deformed Penises: The Chemical Industry Has a Hold on Your Reproductive Future

Insider Traders Investigated For ETF Stripping, Or How The SEC Is Now Only 10 Years Behind The Curve

Insider Traders Investigated For ETF Stripping, Or How The SEC Is Now Only 10 Years Behind The Curve


Submitted by Tyler Durden on 02/09/2011 21:49 -0500
Exchange Traded FundInsider TradingSecurities and Exchange Commission
The brilliant minds as the SEC have finally realized that when it comes to insider trading, they are and will forever continue to be, about 10 years behind the curve. To wit: today, for the first time we learn that the transvestite midget porn fanatics have realized that one can use ETFs, and, gasp, swaps to mask insider trades. So while the SEC brainiacs diligently scour for those who buy massive blocks of stock (or calls) 2 minutes ahead of an acquisition announcement, virtually everyone else has been sneaking by unscathed simply because they have, rightfully, assumed that the SEC are a bunch of retards. Such investigative brilliance deserves to be rewarded with at least one taxpayer funded screening of Long Dong Silver (oh wait, they may realize there could be manipulation in the silver market, and by none other than JP Morgan, if they were to watch that.)
More on this moment of unparalleled SEC serendipity:
The Securities and Exchange Commission is investigating whether Wall Street traders are using exchange-traded funds as a means of disguising insider trading.
ETFs have emerged as a possible mechanism for maximising gains in one stock while potentially masking trading patterns, people familiar with the matter say.
In one scenario, a trader could learn information about a company, buy an ETF that includes the company’s stock, and short sell the other stocks in the ETF.
The practice, known as ETF-stripping, would allow the trader to benefit from movements in the company’s share price without directly buying or selling that stock.
And the money shot, er, line:
Regulators, who work closely with the US justice department, are concerned that traders are adopting this approach, and others, to mask insider trading.
They are concerned about this now, when this has been used by pretty much everyone in the hedge fund community for the past decade? How the hell stupid were all the analysts and traders in the Galleon-SAC insider trading circle to have been caught if the SEC has only figured out about this now???
And it gets funnier:
They are also looking into whether traders are using swaps to stay off their radar. The Dodd-Frank law will require a portion of swaps to trade on exchanges.
The punchline:
Law officials said they needed to use unconventional tactics because traders had become sophisticated.
Actually no, traders have always used these tactics. It is just the SEC that has forever been a bunch of beyond incompetent, porn-addicted rejects from any private jobs that actually pay anything.
But wait: there's more. Hedge funders, even those caught with their pants down, have a prearranged excuse:
The so-called mosaic theory, whereby investors gather large volumes of data to arrive at conclusions that look like they might be derived from insider trading, can be used as a legal defence.
One fund manager charged with insider trading on Tuesday allegedly told an analyst that he need not worry since he was using mosaic theory.
In other words, pretty soon the entire "get-Stevie" affair will fall appart at the seams after it becomes clear that not only is the SEC's enforcement division an evolutionary bottleneck in orangutan to simian evolution, but their lawyers are pretty much pro rata vertically in the whole Darwinian survivial of the dumbest game.

THE HILL POLL: Voters oppose raising the $14.3T debt ceiling

THE HILL POLL: Voters oppose raising the $14.3T debt ceiling


By Erik Wasson - 02/07/11 12:29 AM ET
Only 27 percent of likely voters favor raising the nation’s $14.3 trillion debt ceiling, while 62 percent oppose it, according to an exclusive poll for The Hill.
The poll found solid opposition from Republicans and also from independent voters, who are critical to President Obama’s re-election in 2012.

Seventy-seven percent of likely GOP voters and 64 percent of independent voters said they don’t want the debt ceiling to be raised. Even among Democrats, more oppose raising the ceiling (46 percent) than support it (42 percent).
Winning the congressional vote to raise the debt ceiling is a crucial test for the president. House and Senate Republicans are using the vote, which must take place soon, in an effort to secure deep spending cuts from the White House.
Treasury Secretary Timothy Geithner and White House officials warn of dire consequences if the debt ceiling is not raised.
Federal Reserve Chairman Ben Bernanke also warned lawmakers last week not to use the vote as a bargaining chip, saying it would be “catastrophic” if the nation defaulted. But the poll, conducted by Pulse Opinion Research among 1,000 likely voters, suggests the administration’s message is not resonating beyond the Beltway.
The poll also finds the public continues to believe President Obama’s 2009 economic stimulus package failed to help the economy.
Only 36 percent of voters surveyed said stimulus spending creates jobs, while 48 percent said flatly that it does not. Crucially, 61 percent of independent voters took that negative view.
Only 40 percent of likely voters say the $787 billion stimulus package helped. While 69 percent of Democrats say it boosted growth, 56 percent of independents think the stimulus hurt or had no impact on the economy.
The president’s budget, due Feb. 14, will call for more spending on infrastructure, research and development and education. The polls suggest the public is unreceptive to the idea, so Obama might find it tough to get these budget requests through a Republican House clamoring for deep cuts.
Voters split on Obama’s economic policies. Forty-four percent in the survey said the policies are hurting the economy, while 41 percent said they are helping. The poll’s margin of error is 3 percent.
By a 47-37 percent margin, independents said Obama has hindered the economic recovery.
Party affiliation made a big difference; 68 percent of self-identified Republicans said the president’s policies are hurting the economy, compared to 71 percent of Democrats who said they are helping.
The poll also asked likely voters if Republican control of the House of Representatives would help or hurt the economy, or have no impact. The survey found 44 percent of respondents said it will help, 30 percent said it will hurt and 20 percent said it will have no impact.
The nation’s jobless rate dipped to 9 percent on Friday, which the White House touted as evidence that its economic policies are having a positive effect. But the economy only added 36,000 jobs in January.
“The overall trend of economic data in recent months has been encouraging, as initiatives put in place by this administration are taking hold, but there is still considerable work to do,” White House economic adviser Austan Goolsbee said Friday.
House Republicans, however, make the case that their new majority is responsible for the encouraging news.
“Today’s [jobs] report … does reflect an economic climate that has a measure of greater certainty thanks to the work of Republicans at the end of the last Congress to stop a massive tax hike on families and small businesses,” said House Republican Policy Committee Chairman Tom Price (R-Ga.).
The Hill’s poll was conducted by telephone on Feb. 1.