The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind
Rampant silver manipulation? Rampant gold manipulation? Rampant LIBOR manipulation? Hiding MF Global client assets? These are all happening at JP Morgan according to an open letter reportedly written by an anonymous employee of the firm. The whistleblower also warns of a “cascading credit event being triggered” by derivatives related to Greek government debt. UnlikeGreg Smith at Goldman Sachs, this whistleblower has chosen to remain anonymous for now. According to the letter, the whistleblower is still an employee of JP Morgan and has not resigned. But that does make it much more difficult to confirm what he is saying. With Greg Smith, we know exactly who he is and what he was doing at Goldman. As far as this anonymous whistleblower is concerned, all we have is this letter. So we must take it with a grain of salt. However, the information in this letter does agree with what whistleblowerssuch as Andrew Maguire have said in the past about silver manipulation by JP Morgan. And this letter does mention Greg Smith’s resignation from Goldman, so we know that it must have been written in the past few days. Hopefully this letter will cause authorities to take a much closer look at the crazy things that are going on over at JP Morgan and the other big Wall Street banks.
This anonymous letter was addressed to the CFTC, but unfortunately it looks like the CFTC has already chosen to ignore it.
The original letter from this anonymous whistleblower has already been taken down from the CFTC website. When you go there now, all you get is this message….
“The Comment Cannot Be Found. Please Return to the Previous Page and Try Again.”
Fortunately, there are many in the alternative media that copied this entire letter from the CFTC website.
The following is a copy of the original letter that the anonymous whistleblower from JP Morgan submitted to the CFTC….
Honduran Farmers Slaughtered In Name Of Global Warming
23 farmers in Honduras were slaughtered in cold blood by hired mercenaries as they tried to protect their land from being seized by a corporation who wanted to use the land to produce biofuels as part of a United Nations-accredited EU carbon trading scheme.
“Protests erupted in July when six international human rights advocacy groups presented a report to the EP detailing what they called murders and forced evictions of peasants in El Bajo Aguán Valley of northern Honduras, ”reports the New American.
“The International Federation of Human Rights (FIDH) report accuses UN-sanctioned palm oil mills of stealing farmland from Honduran natives and killing or wounding them when they attempt to defend their property. It says the companies, acting with government impunity, regularly target members of local land-rights movements who end up murdered in feigned car accidents or hunted down and shot by private security guards.”
The United Nations’ CDM (Clean Development Mechanism) responded to news of the killings with a collective shrug of the shoulders.
“We are not investigators of crimes,” a board member told EurActiv. “We had to take judgements within our rules – however regretful that may be – and there was not much scope for us to refuse the project. All the consultation procedures precisely had been obeyed.”
The CDM board’s chairman, Martin Hession, also refused to take responsibility and argued that the EU didn’t have the resources to investigate the crimes.
However, members of the European Parliament have promised to visit the area later this month as part of an ongoing investigative mission.
“Examples of the violence are gruesome,” writes Rebecca Terrell. “Security guards ambushed 15-year-old Rodving Omar Villegas near his village and shot him to death with an AK-47. A car ran down and killed 60-year-old Juan Ramon Mejia. And José Leonel Guerra Álvarez was murdered inside his home in front of his wife and children by armed assailants firing from outside the house.”
The murders were facilitated by the “direct involvement of private security guards from some of the local companies who are complicit with police and military officials,” a report by an International Fact Finding Mission that was presented to the European Parliament’s Human Rights Sub-committee stated.
Obama sets his WTO pitbull on China over rare-earth metals
While the last four US administrations’ adherence to globalization helped to shepherd almost all US manufacturing overseas, only retail consumerism, service, media and software industries remain to prop-up a flagging American economy. In this new modern consumer-based economy, nearly all new hi-tech consumer electronics and hybrid tranport vehicles are dependent on essential rare earth raw materials – and consider this:
Manufactoring powerhouse China sits on around 97% of the world’s supply of rare earths.
As the world’s former preeminent economic superpower, the US, backed by powerful banking interests and its global trade organizations, is used to having its own way when it comes to dictating the global trade agenda and carving out industrial monopolies. America’s precariously dependent relationship on Chinese resources and goods is forcing Washington to call on its globalist pit bull, the World Trade Organization (WTO). President Obama has files a WTO caseagainst China, along with Europe and Japan. The US has accused China of seeking a competitive advantage for its own manufacturing base by tightening the supply of available rare earths. China insists that it has done this to limit mining which has damaged the surrounding ecosystem.
It turns out that the US Defense Department’s military industrial complex is extremely dependent on a number of key rare earths used in the production of guided missile systems and cellular communications (europium and neodymium), as well as nuclear batteries and aerospace components (promethium and scandium).
“Rare earth” metals can be found in everyday devices like cell phones, solar cells, tablet computers, TVs, hybrid cars and wind turbines. Lithium alone, is one of the planet’s most sought after materials as we move foward into our brave new world powered by batteries.
These are known as ”rare earths” because the 17 elements rarely exist in pure form, but do exist in mixtures of other minerals underground, leaving a trail of radioactive and acidic byproducts in the wake of the process. This leaves a very costly- and very toxic footprint through the extraction process – to fall outs that China is prepared to shoulder. For this very reason, the US has not exploited large deposits of its own rare earths.
Other deposits have been located in Russia, Brazil, Australia and South Asia – drawing widespread interest from mining corps, but the US doesn’t want to be the world’s new shop for rare earths, opting instead for the popular globalization model that puts the environmental burden on China. Still, Obama hopes that the WTO triad of technocrats, government negotiators, bankers and big business will be able to trap the Chinese into letting the west manipulate the rare earth global supply and demand with a litany of false promises and lies.
Volumes of available evidence points to the fact that the WTO (just google ‘WTO crimes’) is running a global scam that exacerbates the most serious social and environmental crises humanity faces today, where conscious decisions are made by powerful people who count profit over human life, knowing full well that people will die in their tens of thousands as a result.
Arrest of Clooney over Sudan ‘may make things worse’
Only a true cynic could doubt actor George Clooney’s commitment to stopping a humanitarian crisis after he was arrested on Friday in front of the Sudanese embassy in Washington.
But some aid workers said his recent approach to raising awareness about attacks against civilians in Sudan may actually undermine efforts to improve the situation.
Mr Clooney was back in the US after visiting a war-ravaged Sudanese state and a refugee camp across the border in South Sudan. His arrest came after days of media events, as well as the release of a video filmed in the conflict area and posted by the advocacy group Enough Project.
Some critics, however, questioned the timing of the media blitz. They pointed out that it began amid sensitive negotiations between Sudan and South Sudan over a host of issues outstanding since the south declared independence last July. Tension between the two has simmered since then, sometimes exploding into conflict along an ill-defined border.
“When you have interference which isn’t timed well, which doesn’t take into account the very sensitive process of negotiation, it can derail things,” said one aid worker. “It can end up doing exactly what I’m sure the celebrity is trying not to do, which is to make things worse.”
Mr Clooney’s arrest came after he met Barack Obama, the US president, last week, testified in the US senate and attended a state dinner for David Cameron, Britain’s prime minister.
UN-backed Congolese army drive could displace 100,000 people, analysts warn
UN peacekeeping troops are backing a Congolese army drive against jungle-based rebel groups that is expected to displace at least 100,000 people and trigger a new wave of instability and human rights abuses across war-ravaged eastern Congo, aid workers and independent analysts have warned.
The new offensive by 5,400 troops of the Democratic Republic of Congo army (FARDC), largely unreported until now, began in South Kivu province, bordering Rwanda and Burundi, on 15 February and is being extended into North Kivu, bordering Uganda, this month.
The push into remote areas in the west and north of the two provinces is targeting the Rwandan Hutu rebel group the FDLR (Democratic Forces for the Liberation of Rwanda), local armed groups known as mai-mai, and remnants of Joseph Kony’s Lord’s Resistance Army, sources said.
Fears are growing that civilians will be caught up in the offensive, dubbed Operation Perfect Peace, and that the fragile calm of the past year, when the FARDC withdrew many of its regiments for reorganisation and retraining, will be shattered.
To the Chinese and the Indians, the spoils of a terrible war
The money and blood pit that is Afghanistan – where the US and Britain have expended more than 2,100 lives and £302bn – is about to start paying a dividend. But it won’t be going to the countries which have made this considerable sacrifice. The contracts to open up Afghanistan’s mineral and fossil-fuel wealth, and to build the railways that will transport them out of the country, are being won or pursued by China, India, Iran, and Russia.
The potentially lucrative task of exploiting Afghanistan’s immense mineral wealth – estimated to be worth around £2trn, according to the Kabul government – is only in the early stages. But already China and India in particular are doing deals and beginning work. Facilities already established are being protected by local army and police, part of whose funding, and most of whose training, has been a US/UK responsibility.
Wikileaks’ Assange plans to run for Australian parliament-report
The founder and leader of WikiLeaks, Julian Assange, plans to run for a seat in Australia’s upper house of parliament, the anti-secrecy group announced on Twitter on Saturday.
The comments could not be immediately confirmed.
Australian-born Assange, 40, is currently under house arrest in Britain and fighting extradition to Sweden for questioning over alleged sex crimes.
“We have discovered that it is possible for Julian Assange to run for the Australian Senate while detained. Julian has decided to run,” WikiLeaks tweeted on Saturday.
The earliest Senate election would not be until late 2013.
The group also tweeted that it plans to field a candidate to run against Prime Minister Julia Gillard in her home seat of Lalor in Victoria.
Saudi sends military gear to Syria rebels: diplomat
Saudi Arabia is delivering military equipment to Syrian rebels in an effort to stop bloodshed by President Bashar al-Assad’s regime, a top Arab diplomat said on Saturday.
“Saudi military equipment is on its way to Jordan to arm the Free Syrian Army,” the diplomat told AFP on condition of anonymity.
“This is a Saudi initiative to stop the massacres in Syria,” he added, saying that further “details will follow at a later time.”
The announcement came two days after the conservative Sunni-ruled kingdom said it had shut down its embassy in Syria and withdrawn all its staff.
It also followed a brief meeting on the Syrian crisis last week between Jordan’s King Abdullah II and the Saudi monarch King Abdullah in Riyadh.
There was no official reaction to the statement from the Saudi capital, but Jordan flatly rejected the report.
Gunboats, Super-Torpedoes, Sea-Bots: U.S. Navy Launches Huge Iran Surge
Sending more aircraft carriers to the waters near Iran, it turns out, was just the start. Yes, the U.S. currently has more seapower aimed at Iran in the Persian Gulf than in the fleets of most countries on Earth, Iran included. But that was just the Navy cracking its knuckles.
In the next few months, the Navy will double its minesweeper craft stationed in Bahrain, near Iran, from four to eight. Those ships will be crucial if Iran takes the drastic step of mining the Strait of Hormuz, one of the global energy supply’s most crucial waterways. Four more MH-53 “Sea Stallion” helicopters, another minesweeping tool, are also getting ready for Bahrain, to give the U.S. Fifth Fleet early warning for any strait mining.
Then the Navy will prepare to get closer to Iranian shores. Much closer. It’s got five close-action patrol boats in the Gulf right now. Once the Coast Guard returns three that the Navy loaned out, the Navy will have five other patrol craft in the United States. All those boats are getting retrofitted. With Gatling guns. And missiles.
Sure, the guns aboard the two aircraft carriers currently near Iran are the seapower equivalent of high-powered, long-range rifles. “But maybe what you need is like a sawed-off shotgun,” capable of doing massive damage from a closer distance, said Adm. Jonathan Greenert, the Navy’s senior officer. All 10 of those patrol boats, Greenert told reporters at a Friday breakfast in Washington, will get strapped with the Mk-38 Gatling Gun and should make it to the Gulf next year. (Though, alas, they won’t have the Gatling/laser gun mashup BAE Systems is working on.) They’ll also get close-range missiles that can hit Iranian shores from four miles away — the same kinds Navy SEALs use.
Consider it Teddy Roosevelt’s gunboat diplomacy for the 21st century. Over plates of greasy eggs and bacon, Greenert outlined a plan to give the U.S. what is almost certainly the biggest stick the Navy has ever had in the Gulf. The idea, which he didn’t make explicit, is to convince Iran to think long and hard before ever messing with either the U.S.’s Arab allies across the Gulf or disrupting a narrow transit point through which a fifth of the world’s energy supplies flow.
Add up the aircraft carriers, the Gatling-packing patrol craft, the Orions, the Sea Stallions and the minesweepers, and Greenert still isn’t finished with the surge. Then come the new, advanced torpedoes that can compensate for the “turpidity [and] particulate” drags of the Gulf waters. And the drone subs — or, as Greenert put it, “some underwater unmanned neutralization autonomous units” to help hunt mines.And every Navy ship that sails through the strait will come equipped with new, modular “infrared and electro-optical” visibility systems that clarify the foggy Gulf even at night. Extra spare parts and contractor crews will sustain the surge.
And if all that wasn’t enough, Greenert disclosed that he and Defense Secretary Leon Panetta will soon ask themselves if the Navy needs to rotate more aircraft carriers to the Gulf. That decision, so important that it’s Panetta’s to make, will come “in the next few months.”
Republicans shift from McCain on war
Many Republicans are hesitant to align with Sen. John McCain’s aggressive stances on Afghanistan and Syria.
Facing a public that’s become increasingly war weary after a decade of conflict, most Republicans have not backed McCain’s call for action in Syria.
The GOP has been more split on Afghanistan, with GOP presidential frontrunner Mitt Romney supporting McCain’s opposition to President Obama’s withdrawal plans for Afghanistan.
Yet the Senate Republican Leader Mitch McConnell (Ky.) said this week he supports the administration’s plans for Afghanistan, and he is hardly alone.
President Obama signs Executive Order allowing for control over all US resources
On March 16th, President Obama signed a new Executive Order which expands upon a prior order issued in 1950 for Disaster Preparedness, and gives the office of the President complete control over all the resources in the United States in times of war or emergency.
The National Defense Resources Preparedness order gives the Executive Branch the power to control and allocate energy, production, transportation, food, and even water resources by decree under the auspices of national defense and national security. The order is not limited to wartime implementation, as one of the order’s functions includes the command and control of resources in peacetime determinations.
Johann Hari: How Goldman gambled on starvation
By now, you probably think your opinion of Goldman Sachs and its swarm of Wall Street allies has rock-bottomed at raw loathing. You’re wrong. There’s more. It turns out that the most destructive of all their recent acts has barely been discussed at all. Here’s the rest. This is the story of how some of the richest people in the world – Goldman, Deutsche Bank, the traders at Merrill Lynch, and more – have caused the starvation of some of the poorest people in the world.
It starts with an apparent mystery. At the end of 2006, food prices across the world started to rise, suddenly and stratospherically. Within a year, the price of wheat had shot up by 80 per cent, maize by 90 per cent, rice by 320 per cent. In a global jolt of hunger, 200 million people – mostly children – couldn’t afford to get food any more, and sank into malnutrition or starvation. There were riots in more than 30 countries, and at least one government was violently overthrown. Then, in spring 2008, prices just as mysteriously fell back to their previous level. Jean Ziegler, the UN Special Rapporteur on the Right to Food, calls it “a silent mass murder”, entirely due to “man-made actions.”
Fed To Take Propaganda To The Schoolroom: Will Teach Grade 8-12 Students About Constitutionality Of… The Fed
Back in September we noted a peculiar RFP by the Fed which sought to become a secret ‘big brother’ to the social media world, and to “monitor billions of conversations and generate text analytics based on predefined criteria.” The Fed’s desired product should be able to “determine the sentiment of a speaker or writer with respect to some topic or document”… “The solution must be able to gather data from the primary social media platforms – Facebook, Twitter, Blogs, Forums and YouTube. It should also be able to aggregate data from various media outlets such as: CNN, WSJ, Factiva etc.” Most importantly, the “Listening Platform” should be able to “Handle crisis situations, Continuously monitor conversations, and Identify and reach out to key bloggers and influencers.” While it is unclear just how successful the Fed has been in eavesdropping on various critical blogs, and divining “sentiment”, it now appears that the propaganda masters at the Office of Central Planning have decided to go for young American minds while they are still pliable. It appears that as part of its reenactment of Goebbels “economic education” curriculum, the Fed will now directly appeal to K 8-12 student, in which it will elucidate on the premise of “Constitutionality of a Central Bank.” You know – just in case said young (and soon to be very unemployed) minds get ideas that heaven forbid, the master bank running the US is not exactly constitutional – you know, that whole thing between Andrew Jackson and the Second Bank of the United States…
And in case one is wondering what dogmatic propaganda their childredn will be filled with, here is the course outline.
Vital protection or sinister addition to our surveillance society? The spy camera hidden in traffic wardens’ ID badges
It looks like a standard identity badge, giving the traffic warden’s number and confirming that he is an officer of the local council.
But a closer examination of the card pinned to the warden’s jacket reveals something far more sinister – it contains a tiny lens and is actually a camera for filming motorists.
It is so unobtrusive that many motorists would not even know they were being filmed.
Wardens – or civil enforcement officers (CEOs), as they are now known – are under no obligation to inform drivers that they are filming. The only notification is a small strip across the top of the badge which reads ‘CCTV in operation’. If there is a dispute, footage can be used as evidence in a court.
Councils that have given the £500 cameras to wardens say they protect staff from abusive behaviour and also helps resolve disputes.
But privacy campaigners say the camera is a covert tool that will place ordinary citizens under an even greater level of surveillance.
Nick Pickles, director of civil liberties campaign group Big Brother Watch, said: ‘A tiny warning on a badge hardly constitutes telling someone they’re being recorded.
The Psychiatrist Who Broke Up Families: Hundreds Damned As ‘Unfit Parents’
A leading psychiatrist faces extraordinary claims he deliberately misdiagnosed parents with mental disorders – decisions which meant their children were taken away from them.
Dr George Hibbert faces being struck off over his conclusions that hundreds had ‘personality disorders’ after assessing them at his private family centre.
He was paid hundreds of thousands of pounds by social services for the reports which tore children from their parents – many of them young mothers. He is now being investigated over shocking suggestions he distorted the assessments to fit the view of social services. In one case, he is alleged to have wrongly diagnosed a ‘caring’ new mother – named only as Miss A – with bipolar disorder because her local authority wanted the baby adopted.
After being confronted with this allegation, Dr Hibbert offered to surrender his licence to practise as a doctor rather than face a General Medical Council inquiry.
But his request has been rejected by the GMC which says there are still ‘unresolved concerns regarding his fitness to practise’. He will now face a full fitness to practise hearing.
Yesterday John Hemming MP, who has raised concerns about Dr Hibbert in Parliament, described the claims as shocking.
The Lib Dem MP – alerted by a whistle-blower – said he had since spoken to ‘three or four’ other families who said the same had happened to them.
He has written to Justice Secretary Ken Clarke demanding a full parliamentary inquiry.
Royal tour to cost Canadian taxpayers over $500,000
The newly published travel expenses documents disclosed that the royal travel of Prince Charles and his wife Camilla, which is to be managed by the Department of Canadian Heritage, would cost the taxpayers more than half a million dollar.
The predicted spending contains a $300,000 gift from Prime Minister Stephen Harper, $4,350 on taxis, $130,000 on events in Saskatchewan and $124,000 for the management services.
However, the announced costs did not consider the costs by federal departments and agencies, nor do they take into consideration the security costs, which cost the government about $1 million during the last two royal visits.
Meanwhile, the February 10 2012 spending spreadsheet, issued to Ottawa-based researcher Ken Rubin, predicted that overall costs on the travel of Prince Charles and his wife would be at least $650,000.
Dog mess could be subjected to DNA testing under plans being considered by a council
Officials in Lancashire are in discussions with a forensic vet over plans to analyse dog dirt found on pavements and in parks.
The scheme has been used effectively in Europe and the United States and is seen as an option to help tackle the growing problem of dog fouling.
Last year, Hyndburn borough council voted to call on the Government to increase the maximum fixed penalty notices for dog fouling from £75 to £1,000.
Ken Moss, a councillor who proposed the scheme, said talks about DNA testing are at an “early stage”.
If it goes ahead, it would be one of the first schemes of its kind in the country
Islamic Jihad threatens to hit Tel Aviv
A member of the armed wing, by the pseudonym Abu Ibrahim, said the group was even ready to further expand the reach of its rocket fire beyond the Israeli town of Ashdod- about 35km outside Gaza.
“If the occupation targets any leader of any Palestinian group whatsoever or any citizen, the Brigades will respond with force and expand the reach of the response beyond Ashdod,” AFP quoted Abu Ibrahim as saying
“The enemy is aware of the range that the Brigades rockets can reach,” Abu Ibrahim further said, adding that the Quds Brigades were in possession of “many thousands” of rockets.
Islamic Jihad was the main resistance group that responded Israel during the recent conflict, which began on March 9 with Israel’s assassination of a top Palestinian commander.
Goldman Sachs: Making Money by Stealing It
Money power in private hands and democracy can’t co-exist. Wall Street crooks transformed America into an unprecedented money making racket.
Goldman symbolizes master of the universe of financial manipulation (Reuters April 16, 2011) It’s been involved in nearly all financial scandals since the 19th century.
It makes money the old-fashioned way, through market manipulation, the scamming of investors, bribing political Washington, having its executives in top administration posts, and getting open-ended low or no interest rate bailouts when needed.
It’s business model and culture assure billions of bonus dollars for company officials, complicit traders, and others on the take.
Compared to Goldman, Bernie Madoff was small-time.
Former bank regulator expert on white-collar crime, public finance, economics, and related law, Bill Black explained Goldman shenanigans pertaining to earlier SEC charges this way:
“Goldman designed a rigged trifecta. It turned a massive loss into a material profit by selling deeply underwater, toxic CDOs it owned. It helped make John Paulson (CEO of a huge hedge fund that Goldman would love to have as an ally) a massive profit – in a ‘profession’ where reciprocal favors are key, and blew up its customers that purchased the CDOs.”
An SEC civil suit charged Goldman with defrauding customers. It made billions, and settled for $550 million. It was pocket change, the equivalent of four 2009 revenue days. It hardly mattered.
No executive was fined or imprisoned. Grand theft continues unabated. It includes pump-and-dump schemes. The corporate media does not explain. Only scammed customers and insiders who are involved understand.
White House Says Child Soldiers Are Ok, if They Fight Terrorists
The phenomenon of child soldiers, like genocide, slavery and torture, seems like one of those crimes that no nation could legitimately defend. Yet the Obama administration just decided to leave countless kids stranded on some of the world’s bloodiest battlegrounds.
The administration stunned human rights groups last month by sidestepping a commitment to help countries curb the military exploitation of children. Josh Rogin at Foreign Policy reported that President Obama issued a presidential memorandum granting waivers from the Child Soldiers Prevention Act to four countries: Chad, the Democratic Republic of the Congo, Sudan and Yemen. The memo instructed Secretary of State Hilary Clinton that it is in our “national interest” to continue extending military aid to those countries, despite their failure to comply with the rules Congress passed and George W. Bush signed in 2008.
A thumbs-up for child soldiers from the pen of President Obama? Whitehouse spokesperson P.J. Crowley explained it was a strategic decision to ease the 2008 law. The rationale is that on balance, it’s more effective for the U.S. to keep providing military assistance that will help countries gradually evolve out of the practice of marshaling kids to the battlefield, rather than isolating them.
According to the Christian Science Monitor, Crowley argued, “These countries have put the right policies in place… but are struggling to correctly implement them.” The New York Times reported that administration spokespeople also cited the countries’ crucial role in global counter-terrorism efforts.
Strategically granting certain countries a pass on child rights reflects Washington’s warped attitude toward the global human rights regime. The U.S. has failed to ratify, or simply ignored, numerous human rights protocols, and our ratification of the Convention on the Rights of the Child has languished. Human Rights Watch points out, “Only the United States and Somalia, which has no functioning national government, have failed to ratify the treaty.” (Although we did ratify two optional protocols in 2002, relating to child soldiers and other forms of exploitation.)
Somalia, by the way, is one of just two countries that the White House allowed to be sanctioned under the 2008 law; the second was Burma. Presumably this is because Somalia is not receiving direct military funding, reports the Monitor. Yet the U.S. continues to support Somali government forces as they fight Islamic insurgents—with the help of a large force of child soldiers. (To their credit, Somalia has at least promised the U.N. they”ll stop arming kids eventually, according to the Washington Post).
Maybe you could argue that the U.S. is so “advanced” it needn’t bother with rules about children’s rights to education and whatnot. Obama’s waivers might be seen as realpolitik in areas like Yemen, whose military we support as part of our sprawling counter-terrorism operations. But the bottom line is that the administration has carved out an exception to a law intended to ethically guide the flow of U.S. aid money around the world.
Memo to Cameron and Obama: if you want cheaper oil, stop printing money!
The point Ron Paul makes is a very simple one: when you print money everything – including oil – gets more expensive. Sure it may suit the Obama/Cameron narrative to insist that the oil price rise is down to external factors like Chinese demand or the tensions with Iran. But the truth is that a lot of it is a problem of their own making thanks to Quantitative Easing (QE) policies which are not only stealing money from savers, encouraging a misallocation of resources, and punishing pensioners, but which are also massively increasing the cost of living and the price of oil.
As Paul notes, “someone is stealing wealth and it’s very upsetting.”
As Paul also notes, by some measures, the price of a gallon of gasoline has gone down since 2006 (when Bernanke took over the Fed) not up. He demonstrates this by pulling a silver ounce from his pocket. Six years ago that silver ounce would have bought just four gallons of petrol in the US. Today it could buy eleven gallons. The difference is the devaluation of the world’s reserve currency caused by quantitative easing.
Think of that next time you hear an expert telling you that QE is the measure best designed to save us all from ruin.
Kandahar Massacre Revenge for Attack on US Troops: Afghan Report
The head of the Afghan parliamentary investigation, Sayed Ishaq Gillani, said the locals suspect that the slaughter of the Afghan civilians was carried out in revenge for an attack which destroyed an American tank last week.
Earlier on Monday, the Afghan tribal leaders of Kandahar province also said that the carnage was in retaliation against the bomb attack on the US tank in the Zangabad region in Panjwaii district in the province of Kandahar. Following the blast, the American forces summoned local Afghans and tribal leaders of the region and vowed a bloody revenge on their children and wives, the Kandahar tribal leaders added.
France Bans GM Corn Amid Mass US Protests against Monsanto
“Due to the proximity of the planting season,” said Agriculture Minister Bruno Le Maire along with Francois Fillon, Minister for Ecology and Sustainable Development, in a press release on Friday, authorities “decided to take a precautionary measure to temporarily prohibit the cultivation of maize MON810 on the national territory to protect the environment.” All prior plantings of MON810, trade name YieldGard, become illegal on March 20.
Five Banks Settle $25 Billion Home Fraud Lawsuit
Scouring the Internet for today’s latest news, CNN’s top headline was ‘Rage grows over mortgage deal’.
For those not familiar with the mortgage deal being talked about, it is a settlement with Wall Street banks who have illegally and fraudulently foreclosing millions of homes over the last several years.
Not having proof they even owned a mortgage, banks would purchase fake documents from a mortgage industry foreclosure catalog and pay off crooked judges to sign them and foreclose on homeowners.
UN Body ‘Appalled’ by Israel’s Racial Segregation Policies
Israel is criticized for violating the right to equality in a new report by the UN Committee on the Elimination of Racial Discrimination (CERD).
An advance version of the CERD report indicates that racial prejudice can be found in almost every facet of Israeli life (“Concluding observations of the Committee on the Elimination of Racial Discrimination,” 9 March 2012 [PDF]).
CERD is a body of legal specialists who monitor the implementation of the International Convention on the Elimination of All Forms of Racial Discrimination, which states that any doctrine of superiority based on racial differentiation is scientifically false, morally condemnable, socially unjust and dangerous.
Mossad and CIA concur: Iran isn’t seeking nukes
Israel’s intelligence service Mossad has acknowledged, just like their American counterparts, there is no proof Tehran is carrying out a nuclear weapons program, a source in US intelligence told the New York Times.
An unnamed former senior US intelligence official told the paper “Mossad does not disagree with the US on the [Iranian] weapons program.” The consensus among US spy agencies remains that Iran stopped its nuclear weapons research several years ago.
“There is not a lot of dispute between the US and Israeli intelligence communities on the facts,” the official continued.
Such recognition comes in stark contrast with Israeli politicians, who have continually insisted on an immediate military strike on Iran’s nuclear installations to prevent it from evolving into an “existential threat” to the Jewish state.
The assessment of the intelligence available is the key to the ongoing war or peace dilemma with Iran. US spy agencies have been searching around for years, trying to find proof Iran is developing a nuclear warhead and missiles to deliver it. For all of their troubles, this is what they’ve found: the program was shut down way back in 2003.
As of today, the intelligence data on Iran has not significantly changed.
George Clooney Asks ‘Humanitarian’ Warmongers to Save Sudan
Actor George Clooney lends his famous face to spotlight the crisis in Sudan, adding another front to the “humanitarian” calls for intervention in Africa, coinciding with the KONY 2012 social experiment to deploy troops to Uganda. Clooney just finished staging an arrest at the Sudanese embassy.
Looking behind this tear-jerking propaganda, it is extremely significant that Clooney’s running mate in this Sudanese mission is John Prendergast, not only a “human rights activist” as head of the NGO Enough Project, but a former member of the National Security Council and State Department. He was second to now UN Ambassador Susan Rice, a bedfellow of current National Security Council ‘humanitarian’ Samantha Power and a member of theInternational Crisis Group, headed by George Soros and Zbigniew Brzezinski.
That pedigree should raise eyebrows from any thinking person. If you think the very SAME groups waging wars across the globe will be the saviors of these victims, think again.
In this video, Sudanese in the Nuba Mountains are supposedly holding signs in English demanding justice at the International Criminal Court and asking the West for a “No Fly Zone.” These signs are clearly manufactured, as they mirror buzz words chosen because they are part of an agenda long crafted by the likes of George Soros, Samantha Power and others. Fellow traveler John Prendergast makes specific mention of the “Responsibility to Protect,” this doctrine is again branded to feed a call for another preemptive war in the name of humanity.
We have previously exposed this agenda, patently brought to life by these very groups. SeeSecrets KONY 2012 is Desperate to Hide for further information on the agenda behind these causes, sympathetic in appearance but designed to open up AFRICOM military action while legitimizing the ICC world government organ.
Without a doubt, these Sudanese are victims, and what is happening there and many places is horrible. But it strains the imagination to see pro-establishment warmongers actually solving the crisis. On the otherhand, these players will certainly offer a solution– one that fits their agenda for greater power and more intervention overseas. That is textbook Hegelian dialectic, the problem-reaction-solution model. The existence of a real problem does not make the solution they provide acceptable.
