Stacy Summary: . . . And a division of Hypo. This story is a must-read. It’s remarkable how unapologetically criminal the banking industry became during the Bush administration and continues to this day. Their blatant criminal behaviour in the midst of a country famous for its mafia suggests they also believed themselves immune to the normal laws of little people. While frauds similar to the story below happened all across the US as well, no charges will ever be filed on home turf against the capos, and I doubt any action against them would be tolerated as too many Americans now equate crime syndicates with capitalism. So threatening the crime syndicates is threatening ‘capitalism.’ In Italy, however, I think the derivatives mafia may have messed with the wrong country. Italy’s anti-mafia tools are specifically designed to deal with ‘captured’ politicians who used to interfere on behalf of powerful crime bosses . . . something the US will need if it is ever going to be able to circumvent the crime families capture of Congress via their lobbyist foot soldiers.
As part of the deal, the same four banks were hired by the city to advise it on how to use the new bonds to restructure its existing debt in a way that would cut costs.
The banks had two pieces of advice for Milan: First, the city could save money by buying interest-rate swaps, which are derivatives designed to keep monthly payments low as rates change. Second, the institutions best prepared to sell them those swaps were none other than the banks themselves.
The four banks thus play four roles — as underwriters, advisers, swap dealers and counterparties in the derivative contracts.
Undisclosed Fees
The group of banks wrote in a June 3, 2005, letter that the bond issue would save Milan about 55 million euros over the 30- year life of the bonds.
The firms never said what their fees on the swaps would be, public records show. Today, Milan faces so-called mark-to-market losses of 231 million euros on its swaps, according to council member Davide Corritore.
In all, the city’s losses include at least 101 million euros in hidden fees, according to Milan prosecutor, Alfredo Robledo, who’s investigating the swap deals. The fees were buried because they were built into swap interest rates without any written explanation, the prosecutor says.
That 101 million euro price tag for Milan’s dealings with the four banks was 599 times the original figure of 0.01 percent for selling bonds and providing advice.
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@Richard@lattitude30N ..
I’m glad you’re around ..you have the knack of explaining my post far better than I can .. well done !
Much appreciated !
@Phil: “AIG is the central hub of the financial system>>>holding the gold reserves and a potential revaluation @ 20:1 per ounce” ……not that zaney really…I once proposed that as each nations debt to GDP ratio approached 100:1 ( Japan is actually 134:1 as on today) for each of the G-8 countries that somehow they might permit it a raise to 200:1!!!!!! Thus perpetuating the current system in perpetuity!!!!! Why not??? They have all the politicians, armies and courts in their back pockets…..The financial coup is the treasonous activity we are all being conditioned to accept….regardless of the elections yet to transpire: Ireland, England, Israel, Iraq, and most immediately Japan>>>>>>>>>>>Our mission ( M & S ) is to expose this newest form of imperial fascism where we are the lowly masses living in the dust; while they, the global elite, live in a parallel universe ….how else can this obvious fraud continue….they must keep changing the rules…only four corps are activating 43% of all daily trades????!!!! GS front running the 70% of all market trades by utilizing HFT…..the FED hiding the multiples of toxic monetization( and hiding the M3 data); and the obvious continuation of ( unregulated) short selling, deleveraging continues. as well as a current ratio at 35:1 or greater values; captured regulators abound; no corruption indictments have been issued at all( Bernie and Allan are small fry); and collusion where the President of UBS is golfing openly w/ Mr. Obama on Martha’s Vineyard….where should I continue ???????????? Clearly this is a criminal enterprise.
@Phil……….I know I’m such a lady!
Meant to put it on the other topic.
@sharon …
Nice !
Just been watching Channel 4 news and the story about Lord Turner’s suggestion to tax transactions in the markets so that bankers don’t get as much money. The response from bankers & traders:-
“Don’t pander to the masses!”
“If you do it we’ll leave!”
My response (excuse the language):-
It’s the masses, you parasitic cockroach f*ckhead, who pay your wages you utter gobshite! And please do feel free to f*ck off – we’ll be so much better off if you do.
Look …an honest analyst:
Thursday, August 27, 2009
Howard Davidowitz Returns
(1) “In the Tank Forever” U.S. Consumers, Retailers in a Death Spiral
(2) Obama’s Spending Spree, Budget Numbers “Have all Gone Mad”
(3) “Banks Still in the Crapper”: Expect Loan Losses to Mount
http://www.fundmymutualfund.com/2009/08/howard-davidowitz-returns-to-yahoo-tech.html
@sharon … as I said , I’m sure it’s NOT personal .. loads of spam in the filter – probably impossible to find your post ( maybe Stacey has been searching for hours, who knows ? ).
.
.
Back on topic … AIG
( Yes, I know …. I “do” keep going on about it )
.
.
How’s this for a crazy Conspiracy Theory
—————————————-
Basically , AIG is the Central Hub of the financial system.
Probably the “last stop” for nearly all default insurances like those for CDSs etc. are at AIG’s door.
The politicians and bankers do NOT want the music to stop .
…. while it would be good for us [ longer term ], it would mean complete loss of power for “them”.
So my guess is that they will do anything to make sure the ( same ) music continues to play. This means making sure AIG ( + FRE, FNM, C ) gets re-capitalized !
All my posts about the sudden jump in AIG’s daily trade “revenue” since the 20:1 reverse plit ( from 10 mio$ per day to 5 Bio$ today ) is more than suspect – as now ZH and Denninger are starting to talk about ( and they noticed similar games on FNM, FRE, C ).
Just supposing we have a market crash … just after AIG hits 300$, and AIG has to pay up on some CDS etc. insurances ; and suppose before they have to pay, the US Govt. devalues the US$ to 20,000$ per Gold ounce ( 20:1 ) ; and AIG is ( via Govt. garantee ) holding the ( supposed ) 8000 tons ( or more ? ) of Fort Knox Gold .
AIG would manage to live on …and the ( same ) music could contnue to play for the next 100 years.
Terrible thought of course … and of course completely zaney .. but who knows!
Is it “that” far out compared to what we’ve seen happen already ?
@sharon
Can you repost some of your now ether consumed views.
I believe that Becks transformation is genuine, but he has only begun to peel back the statist onion. Don’t know about the Huffster. With the academic indoctrination, everyone must become enlightened on their own.
“Just because I am paranoid doesn’t mean they are not out to get me”
Speaking of Onions “The Money Hole”
http://www.youtube.com/watch?v=eyS5n0ByLag
Green Shoots or Greater Depression? http://tinyurl.com/kkzx2f
@Phil…….not a coffee no coz after I posted it (hours and hours ago) others posted and Stacy responded. I can only assume I’m being ignored because maybe my following posts complaining about the moderation has not gone down well. I completely apologise if I am wrong but that’s how it seems to me. Also @WL had his post awaiting moderation hours after mine and his has been allowed through. Seems to me I’m being taught a lesson for complaining in which case we’re in kindergarten mode………can’t be doing with that. One of my main arguments as to why we are in the situation we’re in is that people are acting like children. EVERYONE in this world needs to grow up before we can resolve our problems. Haven’t you noticed how Americans have been infanticised – no wonder the country is screwed. Don’t let’s perpetuate that problem here. That’s my point!
@WL:
His error was to blindly follow the right wing Bush admin without being critical. He now admits that that was wrong. He was not critical of the right.
Funny thing. Adrianna Huffington used to be right, but now confesses to her faulty judgment prior to enlightenment.
Cameleon journalists love to change color to match the pathos of their surroundings.
Don’t worry, guys. Check’s in the mail!
Webster Tarpley is spot on. His 2 books on Obama is coming to fruition. Listen to his program on GCNlive.com called World Crisis Radio. Although his views on Obama not being a US citizen, as if it matters at this point, is a dead horse.
@WL:
Might we light a candle for you to deliver your soul-led treatise from moderation purgatory?
@Sharon:
REPOST REPOST!
Stacy, the banks have always been criminal. The banks have been criminal going back thousands of years.
This isn’t a left-right thing.
@WL:
He has gone through a dramatic transformation recently.
Sounds like a Frankenstein story.
@Youri:
Seems I havn’t lost all of my naïvetivity , that gives me hope. thougt I lost it.
Here’s Hap: poem by a man that has lost his naivity and his hope-
Hap
IF but some vengeful god would call to me
From up the sky, and laugh: “Thou suffering thing,
Know that thy sorrow is my ecstasy,
That thy love’s loss is my hate’s profiting!”
Then would I bear, and clench myself, and die,
Steeled by the sense of ire unmerited;
Half-eased, too, that a Powerfuller than I
Had willed and meted me the tears I shed.
But not so. How arrives it joy lies slain,
And why unblooms the best hope ever sown?
–Crass Casualty obstructs the sun and rain,
And dicing Time for gladness casts a moan….
These purblind Doomsters had as readily strown
Blisses about my pilgrimage as pain.
Thomas Hardy
Ah, that is my view. Blisses about my pilgrimage as pain.
Federal Reserve Says Disclosing Loans Will Hurt Banks http://tinyurl.com/mghcua
Yeah,…..bring on Sharons post,…..we want we want,..lol
Oh crap, now I have a post waiting moderation. No links in it. Too long maybe.
I have been reading about Soros. His philosopies and inspirations. This is a scary dude.
@sharon
I too am waiting for your post…
Here is my take on Beck;
He has gone through a dramatic transformation recently. In fact, he is exposing many issues that Max and Stacy have been sharing and have not been picked up in the MSM. I have chuckled when his views align with most here and yet he is vilified for being a right wingnut.
He is:
Pro gold
Anti Fed
Anti money printing monetization
Anti US debt
Anti Goldman
Left right paradigm fallacy
Anti oligarchs
Anti US Government corruption left and right
Believes in market manipulation and a crash coming
Blames the right and the left for economic problems
His error was to blindly follow the right wing Bush admin without being critical. He now admits that that was wrong. He was not critical of the right.
I do respect him because he is passionate and believes what he says even when he is wrong. I don’t agree with him on many issues but I was recently surprised that he is actually getting it. He has moved a long way. Admits his errors.
So, he is attacked from the left for being a right wing propagandist, but that is no longer the case.
America is a center right nation and the Obama admin was elected by a well organized left with an expectation from the masses that he would move to the center. So far, he hasn’t. If he does not move to the center, there will be a massive public backlash. Clinton was forced to move to the center. Its easy to criticiize American culture and excesses but they have a fight in them when they realize that their freedoms are being taken. They are starting to get it. A guy like Beck is exposing things that no other media does. Like him or not, I give him credit for covering some of these non MSM issues.
I am not American, but I do have a front row seat. Popcorn in cupboard.
This is a class paradigm not left v right. The elites suck the blood of the working class. You have one gang of criminals on the left and one on the right. There are opportunists who will move back and forth between the two.
A true economic alchemy of fascim and marxism
Power to the sheeple!
@Alex:
Go sheeple! Whoop for the weak! Rah Rah! Rise up whimpies!
Its a new economic Alchemy of Marxism and Fascism.
WL:
Nice sentence. It’s called communitarianism, and Obama considers himself Facilitator in Chief. That is why many accuse Obama of appearing soft: he is not soft; he is clear-eyed in purpose. The brilliant move of the media whores to dichotomize the public into two factions that war against themselves is in counterpoint to Obama’s fusion of left right elements in the statist machine.
Could it get any more brilliant?
Yes “Bring it on!” …but then, “the chosen few” killed RFK didn’t they? Power to the sheeple!
@Sharon:
Nonessential stuff from the first part.
@Sharon:
Maybe something on the post is a sort of flag for spam? Try deleted the first part then repost here. I’m dying of curiosity until you do!
@Alex,….I agree, bring it on ; )
@Dedo
I think I know what you mean. I was being more self-depricating and “sheeple” did not make me exclusive of that coined term. However, now is a perfect opportunity (when the economy implodes then explodes) that a new basis of worth that cannot be manipulated “by the chosen few”. Yes pie in the sky, but I’m a big fan of pie.
There are those who look at things the way they are, and ask why… I dream of things that never were, and ask why not?
Robert Francis Kennedy, 1968 presidential campaign
The way the banks try to victimize themselves is realy offensive.
If we do this or that, and so forth and so on, we will hurt the poor bankers. If we lower their salaries they will run away. As if we care!?
Let the shysters get lost!
@Alex,….quite the derogatory expression “sheeple” I’ve heard it quite a lot from folk with original ideas .
: ) Wasn’t it that guy who got shot who coined the term?
Relief Rallies Are Never Made To Last by Bob Chapman http://tinyurl.com/mdqp5g
Police officer said that he planted the Lockerbie bomb timer fragment http://tinyurl.com/ldnfbo
The secret deal behind Megrahi’s release (Lockerbie) http://tinyurl.com/lyjkth
Better on Schiffs own page http://www.europac.net/externalframeset.asp?from=home&id=17079&type=schiff
The days of currency need to be eliminated. Go to Zeitgeistthemovie.com and watch ZEITGEIST: ADDENDUM
There will always be war/proverty and divisiness with any currency. Humanity will never reach it’s full potential value on worthless central bank notes. Think out of the box sheeple!
@sharon .. did you save it before posting ?
( silly question, “no” I suppose )
I guess Stacy’s out for a coffee or something .
Don’t worry too much about “moderation” here … there “are” other sites where the moderation is almost criminal ( deleting sides ( either the positive or negative ) to an discussion on stocks for example).
The Devil We Know http://www.lewrockwell.com/schiff/schiff46.1.html
@Dedo & Phil…………I am respectful and I understand that everything should be done to ensure the site isn’t taken down due to some muppet posting something that could be deemed citing whatever. But it’s been hours! I’m just peeved coz I spent alot of time and effort putting together my thoughts (it’s a long post) and if it takes that long then the post becomes redundant and time and effort is wasted. Anyway, why don’t other sites feel the need to do this if it’s so necessary.
SEE UNCLE SAM BORROW http://goldnews.bullionvault.com/US_debt_082720094
@Dante .. Matterhorn … a report that speaks my own mind !
Thx
World’s Stocks Controlled by Select Few http://tinyurl.com/kjq6pb
Even more intriguing is of course that the financial institutions that caused the crisis, mainly through greed, are the ones that benefited from the bubbles they helped to create. They are also the beneficiaries of the trillions of dollars that governments have printed to rescue the system. This is like giving somebody who has robbed a bank the reward money.
This is Robin Hood in reverse, with governments robbing from the poor in order to reward the rich for their misdeeds. The poor, who are likely to get much poorer in the next few years, are unlikely to accept their fate without a fight. With the next stage in the downturn, due to start in the autumn, social unrest will grow and it could easily get out of hand in the next 2-3 years.
http://matterhornassetmanagement.com/newsletter/?newsletter=21
@frances snoot
Seems I havn’t lost all of my naïvetivity , that gives me hope. thougt I lost it.
I think the American solution is the solution we often see in banana republics a Coup d’Etat by some well meaning Ceasar.
But great change it will be a not well meaning Martial law cause the evil militairt complex is in control and only can be corrected from within.
Youri Carma you are correct but…
look at this way….to skim you need participants…at some point they will have to feed off themselves which would not be sustainable.
The whole game has been destroyed…a price on a screen holds it together…no one abides by the rules…when important figures break big rules everything gets overlooked. Do you really think the true culprits in Italy over this derivative problem will get time, have their assets clawed back? But I guess Crudele’s point is a you have to try something, anything to show your fed up.
@sharon … ” I get the feeling … ”
I am also waiting to see what your post.
I think the problem is that Stacey’s Spam-machine is working overtime … so don’t take it personally –
Why moderation ?…
… I guess M&S have to be careful about giving “them” the excuse to take the site down .. that IMO FWIW .
@Sharon,…Not that I want to play devils advocate,..but it is their domain,…try and be respectful of that!
@Sharon,……Dr, Dr ,…people keep on ignoring me,…..
Dr: NEXT !!
@Stacy………are you gonna take my comment off moderation or what? This really is getting tedious! I’ve noted others surprise that comments are being moderated. I can’t believe I’m on a Max Keiser website and the comments are being moderated – oxymoron or what?
I get the feeling I’m being ignored – very adult! This moderation thing is childish however. One of the things that would change this world is if everybody grew up! We are not children but if freedom of speech is taken away from us then we might as well be!
@All…………………..Is it at all possible that Obama is against the NWO? A few weeks ago I wouldn’t have asked this question but I’m now beginning to think that Obama could be working against the NWO. Sure, he has to do somethings they want as he has only been in office for 6 months and can’t change everything straight away. It maybe that he couldn’t do anything about Afghanistan or the bail outs right away, the big things will take time to change and he will need to go slowly if he wants to change anything that isn’t part of the agenda. Cap and Trade does not show Obama in a good light so not sure about where he’s coming from on that. But he has now surrounded himself with Tzars (mainly radicals and unionists – one of whom claimed that wealth does not trickle down, it trickles up). These people don’t seem to have come from the usual places (one having had something to do with the Black Panthers for example). Also, Israel is completely against him and are trying to rally support. Also the Rothschilds are against him (they even appeared on TV in order to try to descredit him). Now we have Fox News (Glenn Beck) doing everything they can to turn the country against him and if he had the backing of the NWO would Fox be able to do that? It seems to me no one has had the power and the means previously to attempt to turn the country against the president in the way that Fox is now doing – why were there no real attempts when Bush was in office?
Obama is also very keen on renewable energy – could this be against the oil interests? It could be that the healthcare bill is what Americans need and they just don’t realise it (sorry frances) because they are so used to deciding their own healthcare and can’t see that healthcare for all requires a standard for all.
Obama admits he was a Marxist when he was young, maybe he still is – is that a bad thing? I suppose it depends on whether you buy the propoganda in relation to Marxism. It’s certainly anti-capitalist and that’s no bad thing imho.
Wasn’t it also Obama who enabled the release of the torture memos? And now he is taking away the CIA’s investigation powers and handing it over to another group in the Whitehouse – very interesting as we know the CIA is right in there with tptb (as is MI6 and Mossad). Then of course we Dick Cheney popping up every now and again, speaking against Obama and trying to defend the record of the Bush administration. We also have a call to audit the fed which seems to be getting somewhere (this didn’t happen before), and yes I know that we still have Timmy and Benny at the helm, but as I say he can’t do everything straight off. He did say that he wanted a sweeping overhaul of the regulation system and Biden is on tape saying that we should be saving capitalism from the capitalists. It’s too easy to smear all of this and call it socialism or communism, that’s the trick the NWO use to show that anyone against their agenda is the enemy, it works very well because anyone moving off the agenda can be labelled in this way – very effective, ie. if it ain’t capitalism well then it must be socialism or communism which is bad! Not really, it depends how you apply it, but this sort of tactic ensures that we are stuck with capitalism because we’ve been brainwashed to believe that the alternatives are even worse – clever huh? Anyway, they’re calling him anti-capitalist and yet it was the previous administration who ensured that most American industries and jobs were shipped overseas. Could it be that Obama is doing the best that can be done with the mess left behind, the best being to go against the capitalists and the NWO? To redistribute the wealth – this is a good thing no?
Anyway, according to Glenn Beck the Fed in New York is now being run by the unions??? Apparantly Obama owes his election to the unions and this is payback.
I could go on but this post is already long enough.
@”M”,….not mush,..just credit where credits due.
If more people could take on board what you actually said, I think they’d finally get it!
@Dante
The guy says rightsiously: “Americans should boycott the stock market.” Bur who is on this stockmarket today? Not the insiders. My quess:
1- Goldman Sachs with it’s HFT machines
2- Some volatility traders
3- Some Koelee drinking fools
Did you ever wonder how career politicians end up with property, homes, etc on their salaries? I mean does anyone think?
TAX CHIEF CHARLIE A TAX ‘CHEAT,’ TOO
http://tinyurl.com/ktt4ru
@WL .. thanks . similar to what I was trying to say !
Jim Rogers – China economy still growing http://bit.ly/17Utyu via
@Dedo:
Good God, Dedo. Don’t get all mushy on me. Remember, I’m “M”.
Oh, where is the Chief Clogging Officer today? Hello? CCO AnythingBut…come in?
@Youri:
Every government has grown out of the mafia. The mafia we have today is the government we have tomorrow.
excellent thought!
Yes, because people are corrupt and take advantage of large pools of money: the politicians think stolen water tastes sweet.
What it means to be an American is to be liable to an onerous tax code forever. What it means to be an American is to decide daily whether to partake of the corruption or whether to stand apart.
Lies holding hands with corruption…”holding hands, making all kinds of plans”…
@Frances,…not that I’m saying you need a pat on the back, or advocating
you lacked praise during your childhood yrs,…but well done,..nice post! : )
Second-Quarter G.D.P. Is Unchanged http://url4.eu/JlCw
@Stacy:
I stand corrected.
The financial sector has “swollen beyond its socially useful size” http://link.reuters.com/veh53d
In the spirit of Sharon’s hope for moderation-free posts, I’m reposting this here. It has been under moderation for a day on another thread:
Youri, your plan is naive. Who controls the currency? Who controls the Treasury/IMF? Who controls the police? Who controls the UN? Whom do the US troops defer to in Afghanistan?
We Americans have based our national identity on a myth fabricated by the same families whom you believe we are capable of destroying. Destroy the American paradigm first: show the people that the taxes are enriching private citizens through a conduit that is conducted under pseudonyms. Americans are wasting their time joisting at windmills.
@Stacy
Its not the radical left of the ‘worker’ variety, Its the radical left organizers who use these groups and movements for power, control and money. If you take a serious look into the backgrounds of the actors around Obama, you will find extreme left radical leaders and organizers. Acorn, Apollo Alliance, Tides Foundation, SEIU, Weather Underground on and on..including appointees in Gov positions. Some of the elite have merely changed chairs and some have been replaced.
The key to this is Soros, he has funded hundreds of these radical left groups to promote his personal “open society” philosophy, get Obama elected and gain control and influence with the US administration. If you study the Soros MO, he is an agitator who with his hedge fund profits greatly from the reactions to his agitation. A true left Oligarch who wishes to eliminate his capitalist competition. Why has Soros pushed and promoted massive US gov spending programs? Is he short the US? I bet his motivations are ego more than financial.
Its a new economic Alchemy of Marxism and Fascism.
Seriously, these people are just as evil as the radical right. Mainstream Liberals hated the Bush admin so vehemently that they don’t see the radicals on the left. Obama is taking the US in a direction that the masses just will not accept and there will be a strong backlash. I can see it brewing.
@Stacy..Any chance my comment can come off moderation now before it becomes redundant?
US Mortgage Delinquencies Up in July http://www.cnbc.com/id/32572938
Does the world need a global “Tobin tax”? That is the question buzzing around London’s financial circles this week http://tinyurl.com/klpjac
What is the tipping point?
HOW GOLDMAN SACHS’ PROBLEMS ARE HURTING YOU
The Securities and Exchange Commission and the Financial Regulatory Authority are looking into that. And regulators in Massachusetts are supposedly now investigating that.
And, in an interview with the Journal, Tim Geithner claimed the government never did anything to benefit Goldman.
But then he also admitted that Washington had been “forced to do extraordinary things and, frankly, offensive things to help save the economy.”
Nobody bothered to ask about those “offensive” things and whether they had anything to do with Goldman.
http://tinyurl.com/kqrma2
Y’all crazy being so happy about the mob..
Crime is an unfair tax on society, i’d be pretty harsh on extortion, drugs, prostitution. If you would replace all politicians with people with less questionable background and more harshly punish lies (in Holland we simply file a motion of distrust) that would immediately improve things. Also without the debts and the banks, who would need so much money and be corrupted anyway?
If you run into the arms of organized crime because they can get things done you forget its your daughter they’re after next and you should be getting things done yourself. By the way, the mob is a bunch of morons, people have watched to much Soprano’s. If you want hard rule to keep people on the straight and narrow, reintroduce whipping..
I like the Apocalypse story of the tribe that cut of the arms of their children to protect them against the ‘evil’ of the smallpox innoculation. That was told to illustrate the courage and sacrifice sometimes needed to protect what you love.
Ok, I’ll take it easy now..
@Youri Carma … So Michael Ruppert and CAFitts were right all along it seems !
@Youri Carma … ” US MAKES 50 BILLION A YEAR ”
LOL .. Hey , is that manipulated Newz ?
… more like 500 Bio$.
http://www.russiatoday.com/Top_News/2009-08-20/afghanistan-us-drug-trafficking.html?fullstory
US MAKES 50 BILLION A YEAR FROM AFGHANISTAN DRUG TRAFFICKING http://www.youtube.com/watch?v=Kdw1yqdr4KE
@Youri Carma … ” I use to Joke that I rather pay the Mafia ”
It’s NOT a joke in Italy.
A few years ago, villagers from a fishing- port protested in the streets against a planned Govt. social-security scheme.
They said they were far better served in old age by the local Mafia’s ( they had their own mafia Union ) benefits scheme to look after them than the “ripoff deal” proposed by the Italian Govt.
Ranking economic forecasts http://link.reuters.com/nyb53d
A set or not; this is quite freaky
Obama Youth Brigade March in Formation
http://www.youtube.com/watch?v=wOtGr1JFCnE
Like I’ve said before, we need to put together a small claims court case against the bankers. Let millions of people sue the bank for $2500. The bankers can’t possibly defend a million suits filed at the same time, so a million lawsuits will win!
@Youri Carma – yes, I’ve heard many NY’ers wax nostalgic on the ‘crime free’ days in Little Italy; you also see that in instable regions, those men (usually) who deliver stability gain the support of the people whether in Mogadishu or Kandahar
Thanks Youri, you get the bee links I left for you? It’s quite fascinating.
Just as Max is my go to guy for all things finance, Webster Tarpley is my go to man for all things geo-political. He hasn’t let me down yet. Check out this vid made during the time of the primaries last year.
The men behind Barack Obama
http://www.youtube.com/watch?v=MouUJNG8f2k
I don’t think that the political appointees at the Fed have power – it’s the constituent banks or owners that hold the power.
Stacy is right that Obama doesn’t have any pro-worker people around him.
Anyway, what I’m shocked about here is that MSM is saying that Obama has succeeded in a far-left coup of the Whitehouse. Does no-one see this as a quite extraordinary message?
Everyone who is not a pure white American is the commy enemy of America. Is Fox unleashing the brownshirts to go around and smash up black people’s properties and attack trade-unionists or what? This is a mass message of fear and paranoia.
@frances snoot
Corruption is just an other word for having to pay somebody. So the important thing is; How much do you have to pay and what do you get back from it?
I use to Joke that I rather pay the Mafia if they realy prevent my car from broken in than the Amsterdam municipal for parking and nobody protecting my car and get robbed anyways. If you go to the police they say it’s your own fault. So what am I paying my taxes for anyways?
Every government has grown out of the mafia. The mafia we have today is the government we have tomorrow.
@frances snoot – no, after making a film in Italy about their pursuit and trial of 26 CIA agents, I learned that Italy PRECISELY BECAUSE of its long history of government corruption and entanglement with the mafia has laws uniquely designed to deal with this problem; any public prosecutor presented with evidence of a crime MUST investigate the crime unlike in many countries where, for example, Tony Blair could overturn the investigation into BAE/Saudi due to political / trade issues; same in the US where evidence of a crime, say torture and murder of people in CIA custody, has not prompted any investigation because it is up to the Attorney General to decide and his decision takes into consideration, for example, that the President doesn’t think it would be helpful in ‘moving forward’ . . . in Italy, these sort of decisions are not in the hands of politicians or elected officials, it must move forward . . . in all cases except when evidence of a sitting Prime Minister, of course, committing a crime is presented
@Danny
Absolutely true!
Even just before the elections I told everybody what Obama was gonna do. Expand the war in Afghanistan into Pakistan and seek for other wars to start. Well we’ve got Georgia and Iran and maybe they provoke some other war somewhere else.
People in Holland where so fu**n drunk of the Koelee drinking that they realy believed that people voted on Obama cause of Obama. They didn’t, they voted against Bush. Brezinski theu never heard of.
@Mini US………..Federal Reserve Says Disclosing Emergency Loans Will Hurt Banks
I agree with you……Yes, and??
My reason being that hurting banks is the MO of the Fed, exactly what they did in the 1930′s – it’s what they do!
Italy? The bastian of non-corrupt government and open-minded people?
In Italy, however, I think the derivatives mafia may have messed with the wrong country. Italy’s anti-mafia tools are specifically designed to deal with ‘captured’ politicians who used to interfere on behalf of powerful crime bosses . . .
America? The home of fascist-tolerating self-serving citizens who look the other way for personal gain?
I doubt any action against them would be tolerated as too many Americans now equate crime syndicates with capitalism. So threatening the crime syndicates is threatening ‘capitalism.’
How many Americans equals too many? It depends on what degree of power the American being considered wields. Stacy, are you tolerating capitalism gone awry? After all: you are an American. Each individual is charged with their own responsiblity and viewpoint: unless one wants to group people like fruit.
Stacy: is your thought for the day really that the corrupt Italian mafia-infested government is less criminal than the average American citizen? Or was that just “lotsa” Americans?
Real US unemployment rate at 16 pct: Fed official http://tinyurl.com/m6v9u9
Baloney! Obama is an agent of finance capital; he is posing as a social reformer. All you yuppies, Obama is there to take your job, take your wage packet, take your social security, take everything.
He talks out of both sides of his mouth. Attack what he does not what he says like these right wing reactionarys like Limbaugh do.
Attack Obama from the left politically, attacks from the right only make him stronger.
Federal Reserve Says Disclosing Emergency Loans Will Hurt Banks
http://www.bloomberg.com/apps/news?pid=20601087&sid=aAOhgVw78e3U
Yes…..and…….!?!?!??!?!
@sharon … “Chicago Mafia, Chicago Unions ( got JFK into power )”
You probably know this already, but still ….
JFKs father, Joe Kennedy , made his money pre 1929 and was a friend of “them” .. Rockerfellers etc.
In 1933 he became fist chairman of the SEC … LOL … how ironic !
He made a deal with the Chicago mafia to “make sure” his son got their votes. JFK’s brother became Attorney General (IIRC) and gunned for the very same mafia boss that helped JFK to power. The theory is that that is why JFK was killed.
SO, although Stacey thinks I’m crazy to talk about Obama being surrounded by “working class representatives”, i.e. Unions … I beg to disagree : where’s there’s money, there’s dirt; and the Unions are no different in this respect. i.e. they’re all the same . Sheesh .. it is well known that many Italian Unions are the mafia.
I see the Union grab on GM to be more of a power play , not because the Unions saints, but because they are opportunists like all capitalists.
I’m sorry, I don’t mean to upset anyone but this has to be said. What happened to free speech? Comments are still be being moderated? This is the only site that I know of that does this except of course the msm news sites and even some of them don’t use moderation. Can’t we get rid of it Stacy? It flies in the face of what you and Max are doing, ie. bringing things out into the open, you must be one of the biggest supporters of free speech out there, so I’m sorry, I don’t get it.
I do not trust Genn Beck on this, it smacks of the usual propoganda tactics!
One of the latest largest trends in investing – Forex robot trading http://tinyurl.com/n5qd53
@Phil…………Chicago Mafia, Chicago Unions ( got JFK into power ),
If it got JFK into power it’s not all bad. He was, after all, the last real president America had. He certainly tried his damndest to get rid of the oligarchs. Ever hear his speech on secret societies? No wonder he was killed.
BTW, I’ve posted on the Glen Beck thing (quite a long post) but it’s awaiting moderation.
@BlackDouglas
It may be that a criminal syndicate is at the top of the food chain, after all the IRS is a simple extortionist scheme for the fed. Glen Beck however is not a good source, he’s there to screw you up..
The only relevant question is what you want, not what you have..
I truly have never heard such absurd notions as the one doing the rounds that Obama has surrounded himself with the radical left of the ‘worker’ variety. If anything I think he is surrounded by extreme left bankers, even more so than Bush and just as bad as Bill Clinton. But these bankers are not left in terms of redistributing wealth to the masses, but away from the masses and to the select few. The Bush/Paulson plan was extreme ‘left’ and got the welfare ball rolling up the hill to the few. And Obama wants to continue that, he is not going to stop redistribution of wealth to the few under the guise of ‘trickle down’
Beck is right on this one.
New NY Fed guy is a Labour Leader
http://online.wsj.com/article/SB125112547653253819.html
Beck has been digging into the people and infrastructure around Obama and it is clear that the radical left has hijacked Democratic party funded by Oligarch Soros.
These people are radicals and the US political culture is just waking up to it. Beck now calls himself a libertarian and admits that Bush was flawed.
Becks ratings are through the roof, now 3 million a night.
Unfortunately, these things don’t end well.
@All…………………..Is it possible that Obama is against the NWO? A few weeks ago I wouldn’t have asked this question but I’m now beginning to think that Obama could be working against the NWO. Sure, he has to do somethings they want as he has only been in office for 6 months and can’t change everything straight away. It maybe that he couldn’t do anything about Afghanistan or the bail outs right away, the big things will take time to change and he will need to go slowly if he wants to change anything that isn’t part of the agenda. Cap and Trade does not show Obama in a good light so not sure about where he’s coming from on that. But he has now surrounded himself with Tzars (mainly radicals and unionists – one of whom claimed that wealth does not trickle down, it trickles up). These people don’t seem to have come from the usual places (one having had something to do with the Black Panthers for example). Also, Israel is completely against him and are trying to rally support. Also the Rothschilds are against him (they even appeared on TV in order to try to descredit him). Now we have Fox News (Glenn Beck) doing everything they can to turn the country against him and if he had the backing of the NWO would Fox be able to do that? It seems to me no one has had the power and the means previously to attempt to turn the country against the president in the way that Fox is now doing – why were there no real attempts when Bush was in office?
Obama is also very keen on renewable energy – could this be against the oil interests? It could be that the healthcare bill is what Americans need and they just don’t realise it (sorry frances) because they are so used to deciding their own healthcare and can’t see that healthcare for all requires a standard for all.
Obama admits he was a Marxist when he was young, maybe he still is – is that a bad thing? I suppose it depends on whether you buy the propoganda in relation to Marxism. It’s certainly anti-capitalist and that’s no bad thing imho.
Wasn’t it also Obama who enabled the release of the torture memos? And now he is taking away the CIA’s investigation powers and handing it over to another group in the Whitehouse – very interesting as we know the CIA is right in there with tptb (as is MI6 and Mossad). Then of course we Dick Cheney popping up every now and again, speaking against Obama and trying to defend the record of the Bush administration. We also have a call to audit the fed which seems to be getting somewhere (this didn’t happen before), and yes I know that we still have Timmy and Benny at the helm, but as I say he can’t do everything straight off. He did say that he wanted a sweeping overhaul of the regulation system and Biden is on tape saying that we should be saving capitalism from the capitalists. It’s too easy to smear all of this and call it socialism or communism, that’s the trick the NWO use to show that anyone against their agenda is the enemy, it works very well because anyone moving off the agenda can be labelled in this way – very effective, ie. if it ain’t capitalism well then it must be socialism or communism which is bad! Not really, it depends how you apply it, but this sort of tactic ensures that we are stuck with capitalism because we’ve been brainwashed to believe that the alternatives are even worse – clever huh? Anyway, they’re calling him anti-capitalist and yet it was the previous administration who ensured that most American industries and jobs were shipped overseas. Could it be that Obama is doing the best that can be done with the mess left behind, the best being to go against the capitalists and the NWO? To redistribute the wealth – this is a good thing no?
Anyway, according to Glenn Beck the Fed in New York is now being run by the unions??? Apparantly Obama owes his election to the unions and this is payback.
I could go on but this post is already long enough.
Suddenly I can’t watch Glenn Beck unless I update flash – even the ones I watched 15 mins ago. Anyone know what to do?
@max
http://www.vanishingbees.com are looking for donations to complete their film/documentary. I think t would be a great project to get on board for PMF.
Check out the trailer here:
http://www.vanishingbees.com/trailer.html
@Phil,
I understand how the mob is connected to both the military and the unions.
Beck is basically saying that Obama has brought about a communists coup. That’s some message. They’re saying he is surrounded by the extreme left. Sorry but he’s surrounded by coroporate bankers and militarists.
Beck’s not talking about them. What’s happening is they are trying to emasculate what’s ‘left’ of the left.
This is about bringing about creating goon squads or brownshirts or whatever and the rise of the extreme right. And it’s real time.
@Youri
Beekeepers lose one fifth of hives (UK)
http://www.telegraph.co.uk/earth/earthnews/6069218/Beekeepers-lose-one-fifth-of-hives.html
Vanishing Bees
http://www.vanishingbees.com/
New Clues in the Mass Death of Bees
http://www.time.com/time/health/article/0,8599,1918282,00.html
******************
Counterfeiting Dollars and North Korea
http://www.independent.co.uk/news/world/asia/counterfeiting-notes-on-a-scandal-1776329.html
Robots Learn to Cheat
http://www.wired.com/wiredscience/2009/08/real-life-decepticons-robots-learn-to-cheat/
Max featured here just after Bernanke @ 1:28
FALL OF THE REPUBLIC THE PRESIDENCY OF BARACK OBAMA DOCUMENTARY TRAILER
http://www.youtube.com/watch?v=2ohEDbONYJE&feature=rec-HM-fresh+div
Coca-Cola workers set to strike
http://www.irishtimes.com/newspaper/breaking/2009/0820/breaking16.htm
@BlackDouglas … yes, I agree it is propaganda wrt communists ; but OTOH, on the Unions … it may just have a touch of truth.
As to inciting riots, civil war etc. etc.
I doubt it .. considering everything else that has been done to the American people so far by their Govt. … and they’re still not in Washington with their pitchforks.
The hierarchy is :
a) Banks and Money Control
b) Political system / commis, fascism or whatever.
@Phil,
Yeh, they said that corporate sponsors moved to other parts of Fox programming. I think this is more than just revenge though. And how is it revenge against corporate sponsors to accuse Obama of a communist coup? Don’t understand your point.
This is out and out salivating fascist propaganda. It’s designed to cause alarm. They’re trying to blame all the bail-outs and government spending on communists and trade-unions. I mean the banks are going to be exposed now thanks to the TARP ruling so they’re blaming it on commies and the unions.
If you wanted to start a civil war this is how to go about it.
John Paulson buying Citigroup shares – NY Post
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLR68585420090827
… ” Paulson bought around a 2 percent stake in Citigroup, a source told the paper. An investor with a 5 percent or higher stake in a company would have to make a disclosure with the U.S. Securities and Exchange Commission. ” …
@BlackDouglas … ” Beck is saying that the Unions are running the Federal Reserve.”
Sort of figures really doesn’t it ?
Chicago Mafia, Chicago Unions ( got JFK into power ), Wall Street Mafia … it all rhymes at least. Also fits in with what I’ve read in “Crossing the Rubicon”.
Bottom line : not even “that” would surprise me in the least !
PS:
The question is really : “is there even a line between the Unions and WS ?” ….. especially considering the GM deal where IIRC the Unions got preference over the Tier 1 senior Bond holders.
@BlackDouglas …”Gllnn Beck ”
http://www.youtube.com/watch?v=9cxkarzk_DA
(this is day 2)
Is this Main Stream Fox on TV ?
Is Fox annoyed about their Corporate advertisers withdrawing I wonder ?
Brown ‘ignored’ warnings re toxic loans and financial crisis
http://tinyurl.com/nka33g
and an inspiring tale for us all
THE MOST NOTORIOUS COUNTERFEITER
He made more than $7 million in phony currency—on ink-jet printers
http://tinyurl.com/lrbq9d
of course he’ll do time and banksters get your pension
Beck is saying that the Unions are running the Federal Reserve.
I’m stunned by this stuff.
@BlackDouglas
I think your absolutely right they are playing the old divide an conquer card again. Left-Right, Black-White, Islamitic- Christian etc…
There is one thing Obama did acomplish in a very positive way and that’s given the black communities confidence in their own power.
But partly this is build on the black-white paradime which is stimulated by the NWO cause it serves them. Staying in this paradime won’t serve anybody so everybody has to get out of that.
Have you heard about the company that runs Britain? http://tinyurl.com/mthqlo
@Youri,
Yeh but this is really strong stuff. I mean white supremacists are going to start equating being black with international communism and a coup against the US.
I’m thinking that they set up a profile for the desired enemy eg. Bin Laden. Are they doing this with Obama? Does the US need military government to protect it against Communism conspirators?
They clearly want people to believe this so that the military can take ‘corrective’ action.
Scotland’s Water to be Fluoridated by Westminster Dictat http://tinyurl.com/kmb3yz
What?
———————————————————————————–
The German authorities are deeply frustrated that so few banks have resorted to the rescue scheme to rebuild their capital base.
————————————————————————————
Ist that because the banks have not got any capital base just a black whole, of galactic proportions. Where is that quadrillion quantitative derivative death star? What is the point in pumping air into a exploded tier? it escapes you know, the stupidity, help!!!! Tell me its them and not me, they are insane?
Next, Same old same old pattern!!!
Flipping heck not again not again.Undisclosed Fees Undisclosed Fees Undisclosed Fees Undisclosed Fees Undisclosed Fees !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
————————————————————————————-
The four banks thus play four roles — as underwriters, advisers, swap dealers and counter-parties in the derivative contracts.
————————————————————————————–
Its worth keeping them in business lol. What is the depths to the stupidity of politicians? We need all to be saved from them! The bankers know they are brain dead and always want to please, easily tricked and sometimes corrupt. One day they will all wake up and in one hell of a tantrum when the truth will out!! I don’t think the banks realise they play with fire..
@BlackDouglas
To understand this you have to look into the future. They know that Obama lost his popularity so they know he won’t win next elections. What NWO does now is build up the left-right paradime.
Obama is building up the fascist government which will become even worse when the right comes in again. Obama paives the way for the right to win the next elections and Glenn Beck is just helping that he”s a usefull tool for the NWO.
What?
———————————————————————————–
The German authorities are deeply frustrated that so few banks have resorted to the rescue scheme to rebuild their capital base.
————————————————————————————
Ist that because the banks have not capital base just a black whole of galactic proportions. Where is that quadrillion quantitative derivative death star? No point in pumping air into a exploded tier it escapes you know, the stupidity, help!!!! Tell me its them and not me that are insane?
Next, Same old same old pattern!!!
Flipping heck not again not again.Undisclosed Fees Undisclosed Fees Undisclosed Fees Undisclosed Fees Undisclosed Fees !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
————————————————————————————-
The four banks thus play four roles — as underwriters, advisers, swap dealers and counter-parties in the derivative contracts.
————————————————————————————–
and its worth keeping them in business. Is there any depths to the stupidity of politicians. We need all to be saved from them! The banksters no they are brain dead and always want to please, easily duped and sometimes corrupt. One day they will all wake up and in one hell of a tantrum when the truth will out!! I don’t think the banks realise they play with fire..
For Youri & Mother:-
Dutch action against Swine Flu vaccine
One brave woman has filed charges in Holland, just like Jane Burgermeister. Here’s her site:
http://wehaveachoice.weebly.com/
Another interesting site:
http://www.despuitblijfteruit.nl/index.html
http://www.youtube.com/watch?v=9cxkarzk_DA
(this is day 2)
I’m getting my knickers in a twist about this one. Glenn Beck on Fox is spending a week trying to expose Obama as a Comunist conspirator who is trying to hand America over to a NWO.
This is incredible. I don’t know why it isn’t all over the blogosphere. I mean Fox is obviously trying to stir up the extreme right here. Or force conservatives to collude with racists and other right wing extremists. This stuff is going to cause serious problems namely the rise of fascist elements to fight a supposedly copmmunist coup in the Whitehouse.
Is this the new 9/11? Are the military going to step in and tell us that Obama and others tried to take over the government? Is this their excuse to bring in martial law?
Why aren’t people protesting about this show? It’s so f&cking incendiary I can’t believe it.
Tallying Stimulus Jobs Is Not Easy in New York http://tinyurl.com/let6x5
@phil
Thanks. Its not that interesting, his patents where based on simple electrolysis, and it takes a small conversion to make normal cars run on hydrogen (the only problem with it is that hydrogen affects the lubrication).
This is a much more real supression scheme amoniak as fuel http://www.youtube.com/watch?v=8vwmzkn0paM
Hey, wheres my Dave Duke post?
Mike
Phil……………………….
No, forget it…………..your right…………the Space aliens got him as well.
Mike
Seems the Dutch are again a new trendsetter to live up our reputation. First it was XTC now it’s GHB.
http://www.nrc.nl/international/Features/article2340785.ece/Addictions_to_easy_to_make_party_drug_GHB_on_the_rise
@Mother Earth
Water Car Inventor Killed… Full Story
http://www.youtube.com/watch?v=GDHT0hBgVOw&feature=rec-HM-fresh+div
Oil Cos. offered him 1 Bio$. for the patent !
If Ted had been a Re-pub-ican Would the World ever have allowed him get over killing that girl?
Mike
Seems like every 13-year old want to sail around the world now?
Laura Dekker, the 13-year-old girl whose plan to sail around the world solo is now before a judge, has been in trouble with the authorities before. Thursday that she was stopped by British police when she wanted to sail from England to the Netherlands last spring. http://www.nrc.nl/international/article2340776.ece/Teen_sailor_has_been_apprehended_before
Interesting article….
I discussed the 134 billion bond discovery with some Italian banker associates…. they just blinked and looked at me as if I was stupid: “but yes of course, the porous Swiz border is a convenient option for servicing the financial industries in Italy.”
So, Italian finances – nothing should surprise us. In fact, one should always look to Italy whenever corruption in inferred. Certainly judging by the reaction I observed, you would be mad not to.
@Stacey … Great find
… ” In September 2008, JPMorgan closed its municipal derivatives unit in New York almost two years after the U.S. Justice Department began its largest-ever criminal investigation of public financing. Prosecutors sent letters to five JPMorgan bankers saying they were likely to be indicted. ” …
It’s not just Milan of course .. but WW.
The banks making deals with ( naive ) municipalities and ( naive ) Govts.; here locally in Germany, the complete waste-water system of a 300K population town belongs to a US bank. That is just one that I can remember .. there are many more cases in Germany of the same.
I heard this before, but do you think such an investagation will get any where?
Mike