Category: Corruption


Piers Morgan: Now I see U.S. Government Tyranny (Video)

(Photo by Gareth Cattermole/Getty Images)

Piers Morgan (Photo by Gareth Cattermole/Getty Images)

by Chelsea Schilling
WND
May 17, 2013

Is British CNN host Piers Morgan finally admitting gun advocates have a point when they say the Second Amendment is to protect citizens from tyrannical government?

Morgan has made headlines for many months as he loudly trumpeted the cause of gun control, even to the detriment of his shows ratings.

Since the Sandy Hook massacre last year – in which Adam Lanza shot and killed 20 students and six adults at an elementary school in Newtown, Conn. – Morgan has made advocating for gun-control legislation a frequent topic of his program, clashing with former House Speaker Newt Gingrich or rocker and National Rifle Association board member Ted Nugent, for example, and calling Gun Owners of America’s Larry Pratt “an unbelievably stupid man” for disagreeing with him.

Following reports of his vitriolic attacks, a petition was started on the White House “We the People” website demanding Morgan be deported back to England – and it now has more than 109,000 signatures.

As WND reported, despite his avid criticism of guns, Morgan protects his own personal property with signs warning that it is guarded by “Armed Response Security Systems,” according to a recent investigation by self-described “guerrilla journalist” James O’Keefe.

And on March 11, Morgan insisted that, “people need the nanny state occasionally.”

Now – after learning of the Obama administration’s involvement in the IRS’ targeting of conservative groups and its secret seizure of Associated Press phone records – the CNN host admitted to guest Penn Jillette that perhaps gun advocates were right about creeping tyranny after all:

 

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May 16, 2013 6:15pm
gty internal revenue service building ll 130412 wblog IRS Official in Charge During Tea Party Targeting Now Runs Health Care Office

(Andrew Harrer/Bloomberg via Getty Images)

The Internal Revenue Service official in charge of the tax-exempt organizations at the time when the unit targeted tea party groups now runs the IRS office responsible for the health care legislation.

Sarah Hall Ingram served as commissioner of the office responsible for tax-exempt organizations between 2009 and 2012. But Ingram has since left that part of the IRS and is now the director of the IRS’ Affordable Care Act office, the IRS confirmed to ABC News today.

Her successor, Joseph Grant, is taking the fall for misdeeds at the scandal-plagued unit between 2010 and 2012. During at least part of that time, Grant served as deputy commissioner of the tax-exempt unit.

Grant announced today that he would retire June 3, despite being appointed as commissioner of the tax-exempt office May 8, a week ago.

As the House voted to fully repeal the Affordable Care Act Thursday evening, House Speaker John Boehner expressed “serious concerns” that the IRS is empowered as the law’s chief enforcer.

“Fully repealing ObamaCare will help us build a stronger, healthier economy, and will clear the way for patient-centered reforms that lower health care costs and protect jobs,” Boehner, R-Ohio, said.

Flag of U.S. - Israeli - Saudi Allegiance photo Flagofamericanisraelisaudiallegiance_zpsef286a11.jpg

Flag of U.S. – Israeli – Saudi Allegiance  

~Desert Rose~

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In Wake of US-Israeli Attack on Syria, UN Reveals Terrorists Not Government Used Sarin Gas

So-called “red line” both drawn and then crossed by US-Saudi-Israeli axis and their terrorist proxies. 

May 6, 2013 (LD) – The reasoning behind recent US-Israeli attacks on Syria has been undermined further as the UN reveals Western-backed terrorists, not the Syrian government, deployed sarin gas during the 2 year conflict. Reuters reported in their article, “U.N. has testimony that Syrian rebels used sarin gas: investigator,” that:

U.N. human rights investigators have gathered testimony from casualties of Syria’s civil war and medical staff indicating that rebel forces have used the nerve agent sarin, one of the lead investigators said on Sunday.

The United Nations independent commission of inquiry on Syria has not yet seen evidence of government forces having used chemical weapons, which are banned under international law, said commission member Carla Del Ponte.

“Our investigators have been in neighboring countries interviewing victims, doctors and field hospitals and, according to their report of last week which I have seen, there are strong, concrete suspicions but not yet incontrovertible proof of the use of sarin gas, from the way the victims were treated,” Del Ponte said in an interview with Swiss-Italian television.

Why the Small Amounts of Sarin Cited by Washington, Riyadh, and Tel Aviv are a Set Up 

The small amounts of sarin gas reportedly used would defy any tactical or strategic sense had they been deployed by the Syrian government to tip the balance in the destructive 2-year conflict. According to the US military’s own assessments of chemical weapon use during the 1980′s Iran-Iraq War, only under ideal conditions and with massive amounts of chemical agents can tactical and strategic outcomes be achieved – and that conventional weapons were still, by far, superior to chemical weapons of any kind.

A document produced by the US Marine Corps, titled, “Lessons Learned: The Iran-Iraq War” under “Appendix B: Chemical Weapons,” provides a comprehensive look at the all-out chemical warfare that took place during the devastating 8 year Iranian-Iraqi conflict. Several engagements are studied in detail, revealing large amounts of chemical agents deployed mainly to create areas of denial, not mass casualties.

The effectiveness and lethality of chemical weapons is summarized in the document as follows (emphasis added):

Chemical weapons require quite particular weather and geographic conditions for optimum effectiveness. Given the relative nonpersistence of all agents employed during this war, including mustard, there was only a brief window of employment opportunity both daily and seasonally, when the agents could be used. Even though the Iraqis employed mustard agent in the rainy season and also in the marshes, its effectiveness was significantly reduced under those conditions. As the Iraqis learned to their chagrin, mustard is not a good agent to employ in the mountains, unless you own the high ground and your enemy is in the valleys.

We are uncertain as to the relative effectiveness of nerve agents since those which were employed are by nature much less persistent than mustard. In order to gain killing concentrations of these agents, predawn attacks are best, conducted in areas where the morning breezes are likely to blow away from friendly positions.

Chemical weapons have a low kill ratio. Just as in WWl, during which the ratio of deaths to injured from chemicals was 2-3 percent, that figure appears to be borne out again in this war although reliable data on casualties are very difficult to obtain. We deem it remarkable that the death rate should hold at such a low level even with the introduction of nerve agents. If those rates are correct, as they well may be, this further reinforces the position that we must not think of chemical weapons as “a poor man’s nuclear weapon.” While such weapons have great psychological potential, they are not killers or destroyers on a scale with nuclear or biological weapons.

Clearly, the minute amounts of sarin the West has accused the Syrian government of using, makes no tactical, political, or strategic sense. However, these small amounts of sarin gas, now suspected to be the work of Western-backed terrorists, would have been perfect for establishing a pretext for Western military intervention, and in fact, have been in part cited by the US and Israel in their latest, unprovoked aerial assault on Damascus.

The terrorists operating in Syria possess the means and motivation to carry out such an operation, as do their Western sponsors.

Where Did Western-backed Terrorists Obtain Sarin? 

A number of methods could have lent sarin gas to terrorists operating in Syria – from Turkey, Israel, and the US simply handing select units the chemical agent in a clandestine operation, to Libyan terrorists confirmed to have been flooding into Syria for the past 2 years, bringing looted chemical stockpiles with them after NATO’s disastrous invasion in 2011 left them in the hands of a sectarian extremist regime.

Image: (via the Guardian) “Chemical containers in the Libyan desert. There are concerns unguarded weapons could fall into the hands of Islamist militants. Photograph: David Sperry/AP”

….

Indeed, Libya’s arsenal had fallen into the hands of sectarian extremists with NATO assistance in 2011 in the culmination of efforts to overthrow the North African nation . Since then, Libya’s militants led by commanders of Al Qaeda’s Libyan Islamic Fighting Group (LIFG) have armed sectarian extremists across the Arab World, from as far West as Mali, to as far East as Syria.

Libyan LIFG terrorists are confirmed to be flooding into Syria from Libya. In November 2011, the Telegraph in their article, “Leading Libyan Islamist met Free Syrian Army opposition group,” would report:

Abdulhakim Belhadj, head of the Tripoli Military Council and the former leader of the Libyan Islamic Fighting Group, “met with Free Syrian Army leaders in Istanbul and on the border with Turkey,” said a military official working with Mr Belhadj. “Mustafa Abdul Jalil (the interim Libyan president) sent him there.”

Another Telegraph article, “Libya’s new rulers offer weapons to Syrian rebels,” would admit

Syrian rebels held secret talks with Libya’s new authorities on Friday, aiming to secure weapons and money for their insurgency against President Bashar al-Assad’s regime, The Daily Telegraph has learned.

At the meeting, which was held in Istanbul and included Turkish officials, the Syrians requested “assistance” from the Libyan representatives and were offered arms, and potentially volunteers.
“There is something being planned to send weapons and even Libyan fighters to Syria,” said a Libyan source, speaking on condition of anonymity. “There is a military intervention on the way. Within a few weeks you will see.”

Later that month, some 600 Libyan terrorists would be reported to have entered Syria to begin combat operations and have been flooding into the country ever since.

Image: Libyan Mahdi al-Harati of the US State Department, United Nations, and the UK Home Office (page 5, .pdf)-listed terrorist organization, the Libyan Islamic Fighting Group (LIFG), addressing fellow terrorists in Syria. Harati is now commanding a Libyan brigade operating inside of Syria attempting to destroy the Syrian government and subjugate the Syrian population. Traditionally, this is known as “foreign invasion.” 

….

In Time’s article, “Libya’s Fighters Export Their Revolution to Syria,” it is reported:

Some Syrians are more frank about the assistance the Libyans are providing. “They have heavier weapons than we do,” notes Firas Tamim, who has traveled in rebel-controlled areas to keep tabs on foreign fighters. “They brought these weapons to Syria, and they are being used on the front lines.” Among the arms Tamim has seen are Russian-made surface-to-air missiles, known as the SAM 7.

Libyan fighters largely brush off questions about weapon transfers, but in December they claimed they were doing just that. “We are in the process of collecting arms in Libya,” a Libyan fighter in Syria told the French daily Le Figaro. “Once this is done, we will have to find a way to bring them here.”

american-empire-2

                                                               American Empire

US Prepares to Overthrow Malaysian Government

 

Key to encircling and containing China, US sets proxies in motion for color revolution in Malaysian streets. 

 

Image: US-proxy Anwar Ibrahim leads a Bersih rally in Malaysia. While Bersih has attempted to claim it is “independent” and simply pursusing “fair and clean elections,” it is clearly a vehicle for returning Anwar Ibrahim back into power. Additionally, Bersih shares the same ties to the US State Department’s National Endowment for Democracy (NED) as its crypto-leader Anwar Ibrahim – representing a dangerous and seditious conflict of interest.

 

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May 15, 2013 (AltThaiNews) – US-funded opposition fronts have vowed to overthrow the Malaysian government via disruptive and potentially violent street protests in the wake of general elections that saw their leader Anwar Ibrahim soundly defeated despite massive support from Western media, NGOs, and direct government intervention. Free Malaysia Today (FMT) reported in their article, “‘BN will be toppled this year’,” that:

Pro-Pakatan Rakyat groups have vowed to overthrow the Barisan Nasional government this year through a massive street rally.

Speakers at a forum held yesterday unanimously agreed that waiting for five years until the next
general election was too long, and vowed to overthrow BN this year through “force”.

FMT also added that:

Electoral watchdog group Bersih 2.0 steering committee member  Hishamuddin Rais pointed out that it was useless to take their unhappiness to the courts as he claimed the justice system was being controlled by the government.

“That is why we must take to the streets. We have to come out. What Najib likes is wrong, and what he doesn’t like is what we have to do,” he said.

“We will mobilise a big group and rally on the streets. This is not a threat, this is a promise,” he stressed.

Bersih, of course, is a US State Department-funded opposition front aimed to bolster US-proxy candidate Anwar Ibrahim, formerly of the IMF and World Bank, and a frequent visitor to the insidious National Endowment for Democracy (NED) in Washington D.C. It is in fact, NED that funds Bersih through its subsidiary, the National Democratic Institute (NDI).
The Malaysian Insider reported on June 27, 2011 that Bersih leader Ambiga Sreenevassan:

“…admitted to Bersih receiving some money from two US organisations — the National Democratic Institute (NDI) and Open Society Institute (OSI) — for other projects, which she stressed were unrelated to the July 9 march.”

A visit to the NDI website revealed indeed that funding and training had been provided by the US organization – before NDI took down the information and replaced it with a more benign version purged entirely of any mention of Bersih. For funding Ambiga claims is innocuous, the NDI’s rushed obfuscation of any ties to her organization suggests something far more sinister at play.

Photo: NDI’s website before taking down any mention to Malaysia’s Bersih movement. (click image to enlarge)

….

In addition to Bersih, other faux-electoral monitors are also directly funded by the US government. While the Western media attempts to portray such organizations as “independent,” the Merdeka Center for Opinion Research, for example, is likewise funded directly by the US through NED.

Anwar Ibrahim himself was Chairman of the Development Committee of the World Bank and International Monetary Fund (IMF) in 1998, held lecturing positions at the School of Advanced International Studies at Johns Hopkins University, was a consultant to the World Bank, and a panelist at the Neo-Con lined National Endowment for Democracy’s “Democracy Award” and a panelist at a NED donation ceremony – the very same US organization funding and supporting Bersih and so-called “independent” election monitor Merdeka – paints a picture of an opposition running for office in Malaysia, not for the Malaysian people, but clearly for the corporate financier interests of Wall Street and London.

 

Read Full Article Here

democracynow democracynow

Published on Apr 19, 2013

http://www.democracynow.org – In 1982, investigative journalist Allan Nairn interviewed a Guatemalan general named “Tito” on camera during the height of the indigenous massacres. It turns out the man was actually Otto Pérez Molina, the current Guatemalan president. We air the original interview footage and speak to Nairn about the U.S. role backing the Guatemalan dictatorship. Last week, Nairn flew to Guatemala where he had been scheduled to testify in the trial of former U.S.-backed dictator Efraín Ríos Montt, the first head of state in the Americas to stand trial for genocide. Ríos Montt was charged in connection with the slaughter of more than 1,700 people in Guatemala’s Ixil region after he seized power in 1982. His 17-month rule is seen as one of the bloodiest chapters in Guatemala’s decades-long campaign against Maya indigenous people, which resulted in the deaths of hundreds of thousands. The trial took a surprising turn last week when Guatemala President Gen. Otto Pérez Molina was directly accused of ordering executions. A former military mechanic named Hugo Reyes told the court that Pérez Molina, then serving as an army major and using the name Tito Arias, ordered soldiers to burn and pillage a Maya Ixil area in the 1980s.

Exclusive: Allan Nairn Exposes Role of U.S., New Guatemalan President in Indigenous Massacres 2 of 2

democracynow democracynow

Published on Apr 19, 2013

http://www.democracynow.org – In 1982, investigative journalist Allan Nairn interviewed a Guatemalan general named “Tito” on camera during the height of the indigenous massacres. It turns out the man was actually Otto Pérez Molina, the current Guatemalan president. We air the original interview footage and speak to Nairn about the U.S. role backing the Guatemalan dictatorship. Last week, Nairn flew to Guatemala where he had been scheduled to testify in the trial of former U.S.-backed dictator Efraín Ríos Montt, the first head of state in the Americas to stand trial for genocide. Ríos Montt was charged in connection with the slaughter of more than 1,700 people in Guatemala’s Ixil region after he seized power in 1982. His 17-month rule is seen as one of the bloodiest chapters in Guatemala’s decades-long campaign against Maya indigenous people, which resulted in the deaths of hundreds of thousands. The trial took a surprising turn last week when Guatemala President Gen. Otto Pérez Molina was directly accused of ordering executions. A former military mechanic named Hugo Reyes told the court that Pérez Molina, then serving as an army major and using the name Tito Arias, ordered soldiers to burn and pillage a Maya Ixil area in the 1980s.

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State Department Conducts Secret Visit with Death Squad Leader in Syria

image source

Brandon Turbeville
Activist Post

As the Syrian army continues to gain the upper hand against the NATO-backed death squads made up of mercenaries, fanatics, and al-Qaeda terrorists, it appears that the Western powers responsible for the creation of the armed and violent rebellion have kicked into high gear as the advance of their proxy army has been stalled.

Even though the barbarism of death squad participants seems to have recently hit a fever pitch, while Israeli air strikes on sovereign Syrian soil are targeting military and civilian targets alike, and new found erroneous claims by Western nations of the use of chemical weapons by the Assad government, the Syrian army has managed to continue its mop up of the inappropriately named “rebels.”

Yet the Western agitators have not given up. This much is made clear by the recent “secret” visit by former U.S. Ambassador to Syria and notorious destabilization agent Robert Ford made to the current death squad leader, Gen. Salim Idriss.

This visit took place Wednesday, May 9, 2013 and was likely initiated via the Bab al-Salama crossing on the Turkey/Syria border. According to Deborah Thomas of NPR, “Ford met with the head of the Aleppo military council, Abdul Jabbar Okaidi, who thanked him for the shipment of nonlethal aid. Seven trucks transported some 65,000 MREs, or meals ready to eat, the U.S. military’s battlefield rations.”

Although no mention is made of the actual lethal aid that has been provided to the death squads by the generosity of the American taxpayer via Gulf State feudal monarchies such as Saudi Arabia, Thomas points out that the MREs were part of “an additional $10 million aid package” dedicated to the death squads by the U.S. government. Secretary of State John Kerry announced in April that the United States would be donating $123 million to the Syrian death squads, despite facing a worldwide economic depression, drastic levels of unemployment at home, and a manufactured crisis such as the “sequester” and a host of other domestic crises.

Ford’s visit to Syria is both part of the overarching attempt to further destabilize the country, organize death squad activity, and create a public relations campaign aimed at forming an image of Idriss as a figure around which popular support can be rallied. This, of course, is at least the third time Western interests have attempted to create a “freedom fighter” lead image for the Syrian death squads – Moaz al-Khatib and Ghassan Hitto being the more recent failures.

Idriss appears to be nothing more than the latest incarnation of a would-be puppet dictator set up to impose the Western will upon the Syrian people and act as a proxy stabilizing force in the event of the much-desired (on the part of NATO) removal of Assad. Idriss was actually a military officer in the Assad government himself until defecting in 2012. Now, he is the official commander of the Free Syrian Army and thus a comrade in arms of al-Qaeda, al-Nusra, and a ragtag band of fanatics, mental deficients, traitors, and mercenaries.

As Webster Tarpley commented on PressTV on May 10, 2013,

Well, I think we have some mixed signals from the Obama regime here. Let us hasten to say that anybody calling themselves “Free Syrian Army” is, in fact, a representative of the al-Nusra Front because we’re getting reports everyday of more and more units of the so-called FSA showing their true colors or going over to Nusra and proclaiming themselves full-fledged terrorists, al-Qaeda disciples, death squads in every sense of the word. Now, we had, in the last twenty four hours, Ambassador Robert Ford of the State Department, somebody who did a lot to get this tragic rebellion going in the first place . . . Ambassador Robert Ford who is a taskmaster of death squad deployments, having learned it from Negrponte in Baghdad some years ago, he crossed into Syria, not with the permission of the Syrian government, but to go and meet General Idriss. And this General, Salim Idriss, is the new golden boy here. He is the new darling of the CIA and the State Department. And it looks like Ford is trying to coordinate the next move with Idriss. You can think of Idriss as the new Ahmed Chalabi – somebody the U.S. is grooming to become dictator of the country.

Of course, this is not the first time that Ford has engaged in a publicity-based visit to the Syrian death squads inside Syria, thus drawing the ire of the Syrian government. In 2011, after his travel as U.S. Ambassador had been restricted due to his destabilization efforts already taking place, Ford traveled to Hama in order to promote and encourage the violent assault waged by the Western-backed death squads against innocent Syrian civilians as well as Syrian soldiers.

Ford’s very presence in Syria was never anything more than a destabilization tactic. Indeed, he has managed to draw quite a bit of international attention to himself by traveling across the country at will, “meeting with protestors” and turning terrorists into martyrs in the minds of the gullible Western public.

Logically, by “meeting with protestors” one can read “instigating terrorism.” The mainstream media, however, reported Ford’s terror encouragement tour as a heroic act of solidarity with “the people.”

Ford’s action in Syria, even as the official U.S. Ambassador, served exactly the same purpose as his presence in Iraq only a few years previous. With Syria, however, it seems that Ford attempted to take on a more central role in the affair. Indeed, many Syrians, if not aware of the more specific sinister acts of Ford, are at least aware that he has been instrumental in fomenting violent rebellion and negative Western public opinion against the ruling government. This is why Ford’s convoy was attacked by “pro-government” Syrians as he rode through town meeting with his terrorist pets.

The reality is that Ford is nothing more than a globalist chaos promoter who is merely taking over from his mentor John Negroponte, who became quite refined as a enabler of mass slaughter in Central America and Iraq. Indeed, Negroponte’s Iraq affair is where Ford himself was able to hone his skills in the arming and assistance of ruthless death squads who target innocent people in campaigns of terror and mass murder.

It should be noted that Prof. Michel Chossudovsky of GlobalResearch.ca has provided an excellent historical presentation of the connections of Negroponte, Ford, and even David Petraeus in relation to death squads and destabilization in his article “The Pentagon’s ‘Salvador Option’: The Deployment of Death Squads in Iraq and Syria.” I encourage everyone to read this excellent piece for context and analysis as a companion to my own article.

Read Full Article Here

The People vs. Goldman Sachs

A Senate committee has laid out the evidence. Now the Justice Department should bring criminal charges

May 11, 2011 9:30 AM ET
Goldman Sachs CEO Lloyd Blankfein tesifies before the Senate in April 2010
Goldman Sachs CEO Lloyd Blankfein tesifies before the Senate in April 2010
Mark Wilson/Getty Images

They weren’t murderers or anything; they had merely stolen more money than most people can rationally conceive of, from their own customers, in a few blinks of an eye. But then they went one step further. They came to Washington, took an oath before Congress, and lied about it.

Thanks to an extraordinary investigative effort by a Senate subcommittee that unilaterally decided to take up the burden the criminal justice system has repeatedly refused to shoulder, we now know exactly what Goldman Sachs executives like Lloyd Blankfein and Daniel Sparks lied about. We know exactly how they and other top Goldman executives, including David Viniar and Thomas Montag, defrauded their clients. America has been waiting for a case to bring against Wall Street. Here it is, and the evidence has been gift-wrapped and left at the doorstep of federal prosecutors, evidence that doesn’t leave much doubt: Goldman Sachs should stand trial.

The great and powerful Oz of Wall Street was not the only target of Wall Street and the Financial Crisis: Anatomy of a Financial Collapse, the 650-page report just released by the Senate Subcommittee on Investigations, chaired by Democrat Carl Levin of Michigan, alongside Republican Tom Coburn of Oklahoma. Their unusually scathing bipartisan report also includes case studies of Washington Mutual and Deutsche Bank, providing a panoramic portrait of a bubble era that produced the most destructive crime spree in our history — “a million fraud cases a year” is how one former regulator puts it. But the mountain of evidence collected against Goldman by Levin’s small, 15-desk office of investigators — details of gross, baldfaced fraud delivered up in such quantities as to almost serve as a kind of sarcastic challenge to the curiously impassive Justice Department — stands as the most important symbol of Wall Street’s aristocratic impunity and prosecutorial immunity produced since the crash of 2008.

Photo Gallery: How Goldman top dogs defrauded their clients and lied to Congress

To date, there has been only one successful prosecution of a financial big fish from the mortgage bubble, and that was Lee Farkas, a Florida lender who was just convicted on a smorgasbord of fraud charges and now faces life in prison. But Farkas, sadly, is just an exception proving the rule: Like Bernie Madoff, his comically excessive crime spree (which involved such lunacies as kiting checks to his own bank and selling loans that didn’t exist) was almost completely unconnected to the systematic corruption that led to the crisis. What’s more, many of the earlier criminals in the chain of corruption — from subprime lenders like Countrywide, who herded old ladies and ghetto families into bad loans, to rapacious banks like Washington Mutual, who pawned off fraudulent mortgages on investors — wound up going belly up, sunk by their own greed.

Read Full Article Here
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Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There’s no price the big banks can’t fix

 

Illustration by Victor Juhasz
April 25, 2013 1:00 PM ET

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

The Scam Wall Street Learned From the Mafia

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”

The bad news didn’t stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. “Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry,” CFTC Commissioner Bart Chilton said.

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

“A farce,” was one antitrust lawyer’s response to the eyebrow-raising dismissal.

“Incredible,” says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.

 

Read Full Article Here

 

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Secrets and Lies of the Bailout

The federal rescue of Wall Street didn’t fix the economy – it created a permanent bailout state based on a Ponzi-like confidence scheme. And the worst may be yet to come

January 4, 2013 4:25 PM ET
national affairs secrets of the bailout taibbi
Illustration by Victor Juhasz

It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you’d think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we’ve been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right?

Wrong.

It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.

How Wall Street Killed Financial Reform

But the most appalling part is the lying. The public has been lied to so shamelessly and so often in the course of the past four years that the failure to tell the truth to the general populace has become a kind of baked-in, official feature of the financial rescue. Money wasn’t the only thing the government gave Wall Street – it also conferred the right to hide the truth from the rest of us. And it was all done in the name of helping regular people and creating jobs. “It is,” says former bailout Inspector General Neil Barofsky, “the ultimate bait-and-switch.”

The bailout deceptions came early, late and in between. There were lies told in the first moments of their inception, and others still being told four years later. The lies, in fact, were the most important mechanisms of the bailout. The only reason investors haven’t run screaming from an obviously corrupt financial marketplace is because the government has gone to such extraordinary lengths to sell the narrative that the problems of 2008 have been fixed. Investors may not actually believe the lie, but they are impressed by how totally committed the government has been, from the very beginning, to selling it.

THEY LIED TO PASS THE BAILOUT

Today what few remember about the bailouts is that we had to approve them. It wasn’t like Paulson could just go out and unilaterally commit trillions of public dollars to rescue Goldman Sachs and Citigroup from their own stupidity and bad management (although the government ended up doing just that, later on). Much as with a declaration of war, a similarly extreme and expensive commitment of public resources, Paulson needed at least a film of congressional approval. And much like the Iraq War resolution, which was only secured after George W. Bush ludicrously warned that Saddam was planning to send drones to spray poison over New York City, the bailouts were pushed through Congress with a series of threats and promises that ranged from the merely ridiculous to the outright deceptive. At one meeting to discuss the original bailout bill – at 11 a.m. on September 18th, 2008 – Paulson actually told members of Congress that $5.5 trillion in wealth would disappear by 2 p.m. that day unless the government took immediate action, and that the world economy would collapse “within 24 hours.”

To be fair, Paulson started out by trying to tell the truth in his own ham-headed, narcissistic way. His first TARP proposal was a three-page absurdity pulled straight from a Beavis and Butt-Head episode – it was basically Paulson saying, “Can you, like, give me some money?” Sen. Sherrod Brown, a Democrat from Ohio, remembers a call with Paulson and Federal Reserve chairman Ben Bernanke. “We need $700 billion,” they told Brown, “and we need it in three days.” What’s more, the plan stipulated, Paulson could spend the money however he pleased, without review “by any court of law or any administrative agency.”

The White House and leaders of both parties actually agreed to this preposterous document, but it died in the House when 95 Democrats lined up against it. For an all-too-rare moment during the Bush administration, something resembling sanity prevailed in Washington.

So Paulson came up with a more convincing lie. On paper, the Emergency Economic Stabilization Act of 2008 was simple: Treasury would buy $700 billion of troubled mortgages from the banks and then modify them to help struggling homeowners. Section 109 of the act, in fact, specifically empowered the Treasury secretary to “facilitate loan modifications to prevent avoidable foreclosures.” With that promise on the table, wary Democrats finally approved the bailout on October 3rd, 2008. “That provision,” says Barofsky, “is what got the bill passed.”

But within days of passage, the Fed and the Treasury unilaterally decided to abandon the planned purchase of toxic assets in favor of direct injections of billions in cash into companies like Goldman and Citigroup. Overnight, Section 109 was unceremoniously ditched, and what was pitched as a bailout of both banks and homeowners instantly became a bank-only operation – marking the first in a long series of moves in which bailout officials either casually ignored or openly defied their own promises with regard to TARP.

Congress was furious. “We’ve been lied to,” fumed Rep. David Scott, a Democrat from Georgia. Rep. Elijah Cummings, a Democrat from Maryland, raged at transparently douchey TARP administrator (and Goldman banker) Neel Kashkari, calling him a “chump” for the banks. And the anger was bipartisan: Republican senators David Vitter of Louisiana and James Inhofe of Oklahoma were so mad about the unilateral changes and lack of oversight that they sponsored a bill in January 2009 to cancel the remaining $350 billion of TARP.

So what did bailout officials do? They put together a proposal full of even bigger deceptions to get it past Congress a second time. That process began almost exactly four years ago – on January 12th and 15th, 2009 – when Larry Summers, the senior economic adviser to President-elect Barack Obama, sent a pair of letters to Congress. The pudgy, stubby­fingered former World Bank economist, who had been forced out as Harvard president for suggesting that women lack a natural aptitude for math and science, begged legislators to reject Vitter’s bill and leave TARP alone.

In the letters, Summers laid out a five-point plan in which the bailout was pitched as a kind of giant populist program to help ordinary Americans. Obama, Summers vowed, would use the money to stimulate bank lending to put people back to work. He even went so far as to say that banks would be denied funding unless they agreed to “increase lending above baseline levels.” He promised that “tough and transparent conditions” would be imposed on bailout recipients, who would not be allowed to use bailout funds toward “enriching shareholders or executives.” As in the original TARP bill, he pledged that bailout money would be used to aid homeowners in foreclosure. And lastly, he promised that the bailouts would be temporary – with a “plan for exit of government intervention” implemented “as quickly as possible.”

 

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 Thereby uniting us all, mainstream and alternative alike , ending the current corrupt system,  Introducing the idealism of a kinder gentler New World Order……For our own good of course!

Skeptical ?

Two Words….Al Gore,

Think about it.

 

~ Desert Rose ~

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Agenda 21 Redistributes Wealth Through Stealth

Julie Beal
Activist Post

I’ve got a very important story to tell, so listen closely. Fed a diet of ‘alternative reactions to the mainstream news’, you probably won’t know about any of this, because it’s not had much of a public airing. The final push of Agenda 21 is to unite us all, mainstream and alternative alike – an end to the current system, and the institution of the ‘fair sounding’ new world order: green and caring.

There have been several attempts to co-opt the Occupy movement to advance this agenda, which is neither green nor caring. In fact, it intends to exploit nature and people to the fullest extent.

We need to expose this agenda. Otherwise, the next time you’re out on the street protesting, you’ll be accosted by a Happiness Angel, who just wants to make you better, so that we can all be happy……

These are the elements of my story:

1. The New Economics (especially George Soros) – natural capital + complexity
2. The UN’s cult of happiness, which includes the responsibility to make everyone else happy, and to live ‘sustainably’.
3. Identity providers ……….. trust facilitators
4. Mobile finance
5. Mobile everything – TELEHEALTH – electronic records
6. Quantified self / BIOSTAMP – transhumanism ……… metrics for social and human capital
7. Global to local currencies, all track-able.
8. The science of complex adaptive systems (CAS) eg Purdue’s social simulation…….analysis/control
9. Narrative science / controlling the conversation eg ‘Hollywood, Health and Society’……memes/ nudging
10. Communitarianism / Agenda 21……….ideology, the global zeitgeist

Read Full Article Here

corbettreport corbettreport

Published on May 8, 2013

TRANSCRIPT AND SOURCES: http://www.corbettreport.com/?p=7341

As investigative reporter Daniel Hopsicker has demonstrated, the address for the Congress of Chechen International Organizations just happened to be the home address of Graham E. Fuller, formerly Vice Chairman of the Reagan-era CIA’s National Intelligence Council. The relationship between Ruslan and this former top CIA official was not a loose one. Tsarni married Fuller’s daughter in the mid-1990s and lived in Fuller’s home for some time, basing his terror-supporting operation under Fuller’s own roof.

Gregory Hicks (Whistleblower) Embarrassed By Blame Placed On YouTube Video. Benghazi Hearing


Published on May 8, 2013

Trey Gowdy (R-SC) used his short time addressing former deputy chief of mission for the U.S. in Libya, Gregory Hicks, to establish the fact that the American diplomatic staff in Libya were “embarrassed” by the White House’s effort to blame the Benghazi attack on an inflammatory YouTube video. Gowdy established that the State Department had informed the Libyan government on the day after the attack that “Islamic terrorists” were likely behind the assault.

“When Ambassador [Christopher] Stevens talked to you perhaps minutes before he died, as a dying declaration, what did he say to you?” Gowdy asked.

“He said, ‘Greg, we’re under attack,” Hicks replied.

Gowdy and Hicks established that there was no demonstration outside the consulate that day. He noted that U.N. Ambassador Susan Rice proceeded to blame the attack on a video. When asked what his reaction to Rice’s statements was, Hick’s replied, “I was stunned. My jaw dropped. And I was embarrassed.”

RELATED: LIVE STREAM: Witnesses Testify At House Committee Hearing On Benghazi

Gowdy read from a portion of an email form an aide to former Sec. Hilary Clinton which stated that the State Department had informed the Libyan government that the individuals who carried out the attack were linked to “Islamic terrorists.”

“Mr. Hicks, I want to know, number one, why in the world would Susan Rice go on five Sunday talk shows and perpetuate a demonstrably false narrative?” Gowdy asked. “And secondarily, what impact did it have on the ground in Benghazi the fact that she contradicted the president of Libya?”

Hicks declined to answer the first question, but said Rice’s statements helped facilitate introducing FBI investigators into Libya. Bureacuracy in Llbya hampered the investigation’s progress, however, and the crime scene was left unsecured for 18 days.

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US officials blocked rescue effort while Benghazi burned, Congress told

Diplomat Gregory Hicks accuses State Department of cover-up in evidence that may yet hurt Hillary Clinton’s White House bid

Gregory Hicks testifies to the congressional hearing

Gregory Hicks claimed he was scolded for giving critical evidence to investigators without the presence of a ‘minder’ from State. Photo: Win McNamee/Getty Images

While US diplomats were pulling bodies from a burning Libyan consulate and frantically smashing up hard drives last 11 September, their superiors blocked rescue efforts and later attempted to cover up security failings, according to damaging new evidence that may yet hurt Hillary Clinton‘s presidential hopes.

In vivid testimony to Congress on Wednesday, Gregory Hicks, deputy to murdered US ambassador Christopher Stevens, revealed for the first time in public a detailed account of the desperate few hours after the terrorist attacks on the US consulate in Benghazi.

He also said that Stevens went to Benghazi to beat a 30 September deadline to convert the mission to a permanent posting. There was additional time pressure because Clinton planned to visit Libya later in the year and to announce the opening of the post, Hicks said.

But Hicks and two other state department witnesses also singled out the government response for criticism. Until now that criticism had been largely dismissed as a partisan effort by Republican congressman to smear former Clinton, who was secretary of state at the time.

Hicks claimed Clinton’s chief of staff, Cheryl Mills, telephoned him to complain that he had given critical evidence to congressional investigators without the presence of a “minder” from the state department. “A phone call from that senior a person is generally considered not to be good news,” said Hicks, who said he had since been demoted. “She was upset. She was very upset.”

The career diplomat also alleged he was actively discouraged by officials from asking awkward questions about why other top Clinton aides, including the UN ambassador Susan Rice, initially blamed the attack on a spontaneous protest that got out of control. He described that briefing he described as “jaw-dropping, embarrassing and stunning”. It is now thought the attacks, involving up to 60 heavily armed militia, were co-ordinated by Ansar al-Sharia, a group affiliated to al-Qaida, and timed to coincide with the 11th anniversary of the attacks on the World Trade Center in New York and the Pentagon in Washington.

The allegations of a state department cover-up follow equally embarrassing claims that military leaders blocked efforts to dispatch special forces troops to the Benghazi consulate.

In testimony that first emerged on Monday, Hicks claims that four special forces soldiers with him in Tripoli were “furious” when they were told by superiors in Washington that they could not join a relief flight to Benghazi organised by the Libyan government in the hours after the initial attack.

Mark Thompson, a former marine who heads the foreign emergency support team, also alleged that the White House blocked his efforts to dispatch a specialist group from the US that is designed to respond to incidents such as the Benghazi attaack.

Hicks said he was told that US air force jets based in Italy could have reached the consulate in “two to three hours” but were blocked, out of fear of offending the Libyan government, and because a refuelling tanker could not be found.

Pentagon officials have repeatedly argued that none of the available military assets could have reached Benghazi in time to prevent the death of ambassador Stevens and three other consular staff. But Hicks insisted even if they had been too late, better attempts should have been made. “People in peril in future need to know that we will go to get them,” he said. “That night we needed to demonstrate that resolve even if we still had the same outcome.”

Hicks also rejected the defence given by Hillary Clinton when pressed on the initial delay in attributing the attack to terrorists, arguing the US undermined its Libyan allies who were rightly pointing to Ansar al-Sharia.

“President Magarief was insulted in front of his own people, in front of the world. His credibility was reduced. His ability to govern was [damaged]. He was angry … He was still steamed about the talk shows two weeks later. I definitely believe it negatively affected our ability to get the FBI team quickly to Benghazi.”

Read Full Article Here

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Gregory Hicks (Whistlesblower) Benghazi Testimony Pt1

Les Grossman


Published on May 8, 2013

Hicks said that the day of the attack was a routine day until they say news of the earlier Cairo embassy-storming attempt. He informed his superior, Ambassador J. Christopher Stevens of the attempt.

Later in the day he received a message the attack had started. He went to the tactical operations center, while on the phone with the ambassador. The call was cut due to poor cell performance. After reaching the center, Hicks received more information about the attack and next called the annex chief to activate their emergency response team.

He then called the operations center at the State Department to report the attack and their response. He then called senior officials in Libya to request assistance from the local government. After that was done he reported it to Washington.

According to Hicks, the night unfolded in four phases. There was an attack on the diplomatic annex. The villa was invaded were several of the casualties were. The 6 person response team from Bengazhi managed to temporarily clear the diplomatic compound. The body of Shawn Smith was pulled out during this time. There was a second wave of attackers and the teams evacuated to another location.

The second phase commenced when the team returned to the annex later in the night. They suffered several probing attacks but repelled them. The Tripoli response team begins to arrive during this phase.

Phase three is when the ambassador’s body was recovered. Reports came out that the ambassador was taken to hospital that was suspect to be controlled by Islamic militants. Hicks received conflicted reports of the location of the ambassador. He then received reports that the embassy in Tripoli was under attack and the staff prepared to evacuate. He is also keeping Washington informed

At 2:00 A.M. he receives a call from Sec. of State Clinton; They mostly talked about the search of the ambassador and the need to evacuate. Clinton agrees with evacuation. The PM of Libya called around 3:00 A.M. to inform Hicks of the ambassadors’ death. Hicks immediately telephoned Washington of the news.

The team destroyed all of the information in the annex as is standard US diplomatic procedure. They decided to evacuate at dawn and arrived at another compound. The mortar attack started when they arrived. The attack killed several.

Hicks claims that they were in them process of evacuating to a plane but the security officer who was in charge did not have authorization to go ahead.

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Reps. Chaffetz & Lynch Clash Over Intimidation Of Benghazi Witnesses On Fox News Sunday

Published on May 5, 2013

Jason Chaffetz (R-UT) and Rep. Stephen Lynch (D-MA) paid a visit to Fox News Sunday this week to talk Benghazi. Speaking of the investigation into the review and the charge that witnesses have been blocked from testifying, the pair clashed over the arguments, with Lynch asserting that Democrats have been left out of the whole process.

“The Republicans control the House,” Lynch said. “We don’t have the ability to hold a hearing. The Democrats have been completely kept out of this whole process. This has been a one-sided investigation, if you want to call it that. … I think it’s disgraceful.”

Chaffetz said that witnesses have “absolutely” been threatened and intimidated from coming forward. They’re “scared to the death” of what the State Department is doing, he asserted. Lynch jumped in to argue that Chaffetz’s assertions were “completely false” — that the attorneys have not asked for the information yet and, in fact, the State Department would cooperate.

Not surprisingly, Chaffetz was insistent about his story, further adding that Democrats are more than welcome to participate in the process. But they simply haven’t. The congressmen refuted nearly every point they made to each other, neither agreeing on much about where the situation stands.

Chris Wallace later jumped in to pose the question about how much then-Secretary of State Hillary Clinton knew about the security requests (which she said she never saw). Every cable that goes to the department, he told Chaffetz, has Clinton’s name on it — so that’s not necessarily a way to argue that Clinton should have seen that cable. Chaffetz by asking for the release of the unclassified document.

Clinton, he argued, “claims” to take full responsibility for what happened, but simultaneously “pleads ignorance.”

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Diplomat: State Lawyers Told Me Not to Speak to GOP Lawmaker Probing Benghazi

May 8, 2013

Hicks, Thompson and Nordstrom at Benghazi hearing

Former deputy chief of mission in Libya Gregory Hicks, center, prepares to testify before the House Oversight and Government Reform Committee on May 8, 2013. He is flanked by fellow witnesses Mark Thompson, deputy coordinator for operations in the State Department’s counterterrorism bureau, and Eric Nordstrom, formerly the department’s regional security officer in Libya. (AP Photo/J. Scott Applewhite)

(CNSNews.com) – A senior U.S. diplomat in Libya was instructed by State Department lawyers – for the first time in his 22-year foreign service career – not to speak to a visiting lawmaker who was investigating last September’s attack on the U.S. consulate in Benghazi, a congressional panel heard Wednesday.

“I was instructed not to allow the RSO [regional security officer], the acting deputy chief of mission and myself to be personally interviewed by Congressman Chaffetz,” Gregory Hicks, who was the number two official at the embassy in Libya at the time of the attack, told the House Oversight and Government Reform Committee.

Rep. Jason Chaffetz (R-Utah), who chairs the committee’s subcommittee on national security, homeland defense and foreign operations, visited Libya to investigate the Sept. 11 attack in which U.S. Ambassador Chris Stevens, foreign service officer Sean Smith and Navy Seals Tyrone Woods and Glen Doherty were killed.

“So, the people at State told you, ‘Don’t talk to the guy who’s coming to investigate’?” Rep. Jim Jordan (R-Ohio) asked Hicks during Wednesday’s hearing.

“Yes, sir,” Hicks replied.

“Have you ever had anyone tell you, ‘Don’t talk with the people from Congress coming to find out what took place’?”

“Never.”

“Never,” Jordan continued. “And you’ve had dozens and dozens of congressional delegations that you’ve been a part of.”

“Yes, sir.”

“First time it’s ever happened.”

“Yes, sir.”

Hicks confirmed in response to further questioning that, when Chaffetz arrived in Libya a State Department lawyer had sought to be present at every meeting with the congressman.

Read Full Article Here

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Whistleblower on Amb. Rice’s 5 Talk Shows: “I Was Stunned. My Jaw Dropped. I Was Embarrassed.”

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