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Gary Edwards

KeepTheWebOpen.com - 0 views

keepthewebopen.com/open

OpenWeb ACTA

shared by Gary Edwards on 17 Mar 12 - No Cached
  • Gary Edwards on 17 Mar 12
     
    Keep the Web Open and out of the hands of Agenda 21 UN socialists and the tyranny of ACTA. California Representative Darryl Issa has proposed  OPEN - the Online Protection & ENforcement of Ditital Trade Act.  Join the movement to keep the Web Open and sign on today. The background to this urgency is that Obama is trying to run an end around Congress, claiming that he has the authority to sign ACTA: From the Vanguard of Freedom: The Anti-Counterfeiting Trade Agreement. ACTA is supposed to strengthen intellectual property rights; that is, the rights of artists to protect their creations from being copied and counterfeited, essentially stolen and reproduced without consent. However, many including Congressman Darrel Issa (via his website on this subject) has called ACTA "an unconstitutional power grab started by President George W. Bush and completed by President Barack Obama - despite the White House's January 14 criticism of legislative solutions that harm the Internet and erode individual rights." Says Issa: "…The Constitution gives Congress the power to pass intellectual property legislation - like SOPA and PIPA - and gives the Senate the power to ratify treaties. But the Obama Administration maintains that ACTA is not even a treaty, justifying the exclusion of both American citizens and their elected representatives. It is a practice Vice President Joe Biden decried as a U.S. Senator…" Maira Sutton and Parker Higgins, writing for the Electronic Frontier Foundation, an "electronics" rights advocacy organization, say in an article they authored, that "…We Have Every Right to Be Furious About ACTA." Sutton and Higgins write: "…Negotiated in secret, ACTA bypassed checks and balances of existing international IP norm-setting bodies, without any meaningful input from national parliaments, policymakers, or their citizens. Worse still, the agreement creates a new global institution, an 'ACTA Committee' to ove
Paul Merrell

Shining a Spotlight on Shadow Regulation of the Internet: 2016 in Review | Electronic F... - 0 views

www.eff.org/...ght-shadow-regulation-internet

internet internet regulation Web shadow-regulations EFF

shared by Paul Merrell on 06 Jan 17 - No Cached
  • Over the past few years, Internet users have found their voice in the halls of power. Through legal challenges, speaking to legislators, and effective online organizing, we've beat back many attempts to create mechanisms of censorship and strip speakers of their privacy. We defeated the SOPA/PIPA Internet blacklist bills, and the ACTA and TPP agreements, and stood up for net neutrality as a free speech principle. But these victories had a side effect: corporate and government interests who seek to edit the Internet and regulate others' speech have turned to private agreements. These agreements can create restrictions that are as effective as any law, but without the need for approval by a court or parliament. Sometimes they are even initiated by government officials, who offer companies the Hobson's choice of coming up with a "voluntary" solution or submitting to government regulation. This year, we've begun to shine a spotlight on these Shadow Regulations, and hold them to the same high standards as we do for laws.
Gary Edwards

ACTA The Size of Derivatives Bubble = $190K Per Person on Planet - 0 views

www.siliconvalleywatcher.com/...the_size_of_der.php

acta foremski financial-crisis cds credit-default-swaps politics economy banksters

shared by Gary Edwards on 24 Nov 08 - Cached
  • Gary Edwards on 24 Nov 08
     
    The Invisible One Quadrillion Dollar Equation -- Asymmetric Leverage and Systemic Risk According to various distinguished sources including the Bank for International Settlements (BIS) in Basel, Switzerland -- the central bankers' bank -- the amount of outstanding derivatives worldwide as of December 2007 crossed USD 1.144 Quadrillion, ie, USD 1,144 Trillion. The main categories of the USD 1.144 Quadrillion derivatives market were the following:
Gary Edwards

ACTA Open Must Read Analysis: Why Markets Are Still Falling . . . The Shadow Financial ... - 0 views

www.siliconvalleywatcher.com/...analysis_why_ma.php

acta foremski cds credit-default-swaps finacial-crisis politics economy

shared by Gary Edwards on 24 Nov 08 - Cached
  • evidence suggests more credit default swaps are traded in London than in the United States according to the US Federal Reserve, so US action alone cannot address perceived problems.
  • As corporations, home owners and credit card holders go into default -- stop making payments -- many financial institutions are being hit twice on their balance sheet -- once by the bad loan and then by the associated CDS default or obligation.
  • CDS trading has expanded 100-fold since 2001 as financial institutions including insurance companies and hedge funds as well as investors have used the contracts to protect against bond losses and speculate on companies' ability to repay debt.
  • ...4 more annotations...
  • Unlike most financial markets, credit default swaps are unregulated and at USD 54.6 trillion, they are one of the largest unregulated markets in the world.
  • Lawmakers are also considering the introduction of new regulations to curb CDS abuse as engines of speculation, but many financial experts are also encouraging the creation of public exchanges for these shadow markets. An exchange would establish an arms length price. As that price was transparent and moved, the market would see that a credit was deteriorating. A centralised clearing market would help shine a clear light on these transactions and since every trade would be backed up by the members of the clearing house, chances of default would greatly be reduced.
  • Chicago Mercantile Exchange
  • In response to the coming derivatives and deleveraging Tsunami, which has already begun, the world GDP may have to shrink drastically -- some estimates suggest between 30% and 50% -- over the coming years of The Great Unwind. This is the severe recession the markets fear as they go into free fall.
  • Gary Edwards on 24 Nov 08
     
    Why are Markets still Falling? The Tsunami caused by Derivatives and Deleveraging The invisible elephant in the room causing continuous falls in global financial markets is the link to the privately traded Credit Default Swaps (CDS) and the financial uncertainty they have created whilst synchronised deleveraging takes place across the world. ... Credit default swaps are unregulated financial derivatives which act as debt insurance on risky assets like mortgages, corporate and government bonds. But unlike a normal insurance policy, financial institutions that sell credit default swaps are not required to have enough funds in reserve should those risky loans turn bad. Since the US Congress in 2000 declined to regulate these contracts as it does insurance, the companies that guarantee the assets are not required by law to keep enough capital on hand to pay them off in the event of a default.
Gary Edwards

ACTA Beyond The Sub-Prime Bubble: The Other Seven Deadly Bubbles . . . - 0 views

www.siliconvalleywatcher.com/...beyond_the_subp.php

acta foremski cds credit-default-swaps politics economy finacial-crisis

shared by Gary Edwards on 24 Nov 08 - Cached
  • Gary Edwards on 24 Nov 08
     
    There is a rising myth of the single bubble which suggests that The Great Unwind -- manifest as the global credit crunch -- is essentially about subprime mortgage default, a USD 1.5 trillion challenge. The truth is that there are as many as eight bubbles at play which are in the process of bursting, taking the form of deleverage on an unprecedented scale. Even 1929 pales in comparison. At a recent ATCA roundtable we posed the following questions for Socratic dialogue:
Paul Merrell

OPERATION CONDOR: National Security Archive Presents Trove of Declassified Documentatio... - 0 views

nsarchive.gwu.edu/...NSAEBB514

war & peace Operation-Condor U.S.-foreign-policy

shared by Paul Merrell on 06 May 15 - No Cached
  • Argentine Newspaper, Pagina 12, Highlights Evidence Presented by Archive Southern Cone Project Director Carlos Osorio Documents given to Court Reveal Condor Precedents; Secret Summary of Inaugural Condor Meeting Introduced into Court for First Time National Security Archive Electronic Briefing Book No. 514
  • The National Security Archive today posted key documents on Operation Condor, presented by its Southern Cone analyst, Carlos Osorio, at a historic trial in Buenos Aires of former military officers. During 10 hours on the witness stand recently, Osorio introduced one hundred documents into evidence for the court proceedings. His testimony was profiled on May 3 in a major feature article published in the Buenos Aires daily, Pagina 12. Operation Condor was an infamous secret alliance between South American dictatorships in the mid and late 1970s - a Southern Cone rendition and repression program - formed to track down and eliminate enemies of their military regimes. The Condor trial charges 25 high-ranking officers, originally including former Argentine presidents Jorge Videla (deceased) and Reynaldo Bignone (aged 87), with conspiracy to "kidnap, disappear, torture and kill" 171 opponents of the regimes that dominated the Southern Cone in the 1970s and 1980s. Among the victims were approximately 80 Uruguayans, 50 Argentines, 20 Chileans and a dozen others from Paraguay, Bolivia, Peru and Ecuador who were targeted by Condor operatives.
  • The tribunal requested Osorio’s testimony, which took place over two days on March 6 and 7, 2015, and included presentation of an Excel data base of 900 documents drawn mostly from U.S. government sources and from the Archive of Terror in Paraguay. Of these, Osorio focused on 100 declassified records selected for the tribunal, which was presided over by Judge Oscar Amirante, president of Federal Tribunal N° 1. The National Security Archive obtained the U.S. documents through the Freedom of Information Act (FOIA), primarily from the Central Intelligence Agency, Defense Intelligence Agency and the State Department. Other notable records originated from the Chilean former secret police, DINA. "We have been working on Operation Condor for years," Osorio said, "sifting through archives in many continents and building a body of knowledge and a trove of documents." The Pagina 12 feature entitled "The Evolution of Condor," described Osorio’s presentation of "dozens" of documents to the tribunal, and the contribution the documents made in educating the judges on the genesis and evolution of coordinated repression in the Southern Cone. Osorio’s testimony covered a range of topics including the breadth of Condor operations, U.S. knowledge of those operations and the authenticity of the records being introduced into evidence.
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  • The article highlighted one document Osorio presented that revealed the bilateral precedent for what would become a multilateral system of regional repression: a secret accord between the Argentine and Paraguayan military intelligence services to "Collaborate in the struggle against subversion…" and the "… internment [of dissenters]…" " The agreement was dated September 12,1972, and signed by Paraguayan intelligence officer Col. Benito Guanes Serrano. Three years later, Guanes would also be one of the five original signatories of the secret Condor accords. Osorio discovered the document in the Archive of Terror in Paraguay. In September 1975, an assessment by a State Department intelligence analyst concluded that "The national security forces of the southern cone surpass the terrorists in cooperation at the international level…" Six weeks later, in Santiago, Chile, intelligence chiefs from Argentina, Bolivia, Chile, Paraguay and Uruguay signed an "Acta" officially establishing Operation Condor. Osorio introduced that pivotal document - provided to the Archive by a source in Chile - into evidence as well.
  • Two declassified U.S. documents presented to the tribunal underscored the contradictory response of high U.S. officials as they became aware of Condor operations in the summer of 1976. One well-known 13-page memorandum of conversation between Secretary of State Henry Kissinger and Argentine Foreign Minister Admiral Cesar Guzzetti dated June 10, 1976, revealed Kissinger’s endorsement of the regional collaboration to repress the left. After Guzzetti informed Kissinger that the Southern Cone regimes were engaged in "joint efforts" to fight "the terrorist problem," Kissinger essentially supported this approach: "If there are things that have to be done, you should do them quickly. But you should get back quickly to normal procedures," according to the declassified transcript Osorio provided to the court. "We want you to succeed. We do not want to harrass [sic] you," Kissinger concluded. "I will do what I can … "
  • After a CIA briefing to Kissinger’s top aides in late July 1976 on the Condor countries’ plans to send assassination teams around the world to eliminate opponents, the Secretary of State authorized a démarche to General Augusto Pinochet in Chile, General Jorge Videla in Argentina, and other military leaders in the region calling on them to cease and desist. "Government planned and directed assassinations within and outside the territory of Condor members has most serious implication which we must face squarely and rapidly," stated the secret August 13, 1976, cable to U.S. ambassadors in those nations. But the démarche was never delivered to any of the Condor regimes. After the U.S. ambassadors raised objections about presenting the démarche to the generals, on September 16, 1976, Kissinger rescinded it, and ordered "that no further action be taken on this matter." In addition to Osorio, the National Security Archive’s Chile Documentation Project director, Peter Kornbluh, testified in the Operation Condor trial for five hours in December 2014. Archive Advisory Board member, professor of journalism and author John Dinges presented evidence in April 2015. Read the Documents
Gary Edwards

The Four Scenarios: Debt Deflation, Hyperinflation, Quadrillion Play and Muddle Through... - 0 views

www.siliconvalleywatcher.com/...saturday_post_a.php

acta foremski cds credit-default-swaps finacial-crisis politics economy

shared by Gary Edwards on 24 Nov 08 - Cached
  • Gary Edwards on 24 Nov 08
     
    From the vantage point of November 15th, 2008, whilst the Washington, DC, summit is underway amongst the leaders of the G20 nations, it would appear that there are four distinct global economic scenarios that may unfold towards the tail end of this year, 2009 and 2010:
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