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jacob logan

Sainsbury's launches the UK's first till-free store in London - 0 views

www.retail-insight-network.com/...sainsburys-till-free

#Sainsburys #UK_First_Store #Supermarket_Retailer #Free_Grocery_Store #Holborn_Circus #London

shared by jacob logan on 01 May 19 - No Cached
  • jacob logan on 01 May 19
     
    Supermarket retailer Sainsbury's has launched the UK's first till-free grocery store at Holborn Circus in London.
Paul Merrell

UPDATE: Julian Assange of Wikileaks To Appear by Video Tomorrow Due to Assassination Co... - 0 views

heatst.com/...pparent-assassination-concerns

war & peace Wikileaks Assange Auction 2016 Hillary leak

shared by Paul Merrell on 04 Oct 16 - No Cached
  • After canceling a planned announcement in London, Wikileaks founder Julian Assange is now planning to appear via video link Tuesday morning at Wikileaks’ 10th anniversary celebration in Berlin. He’s a last-minute addition to the roster of festivities taking place this week in Germany. The change in venue appears to be related to what Wikileaks is clearly implying to be a perceived threat on Assange’s life.
  • Wikileaks used its Facebook page and Twitter to confirm that Assange would speak at the event, which starts at 4am Eastern time. An information pack published by Wikileaks late last night includes a running order which schedules Assange’s appearance for 5am Eastern (11am in Berlin):
  • According to Wikileaks, the change of venue was made “due to specific information.” Wikileaks did not specify further, but Monday’s Tweet followed several in which Wikileaks alleged that the Clinton camp wants to assassinate Assange.
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  • The news that Assange plans to appear (remotely) in Berlin comes after Wikileaks abruptly canceled a much-anticipated announcement in London that was to be made from the balcony of London’s Ecuadorian Embassy, where Assange has sought sanctuary for years. The cancelation was first reported by NBC News. According to NBC’s Jesse Rodriguez, the announcement was canceled due to “security concerns”. There had been widespread anticipating that Tuesday’s announcement might have been Assange’s long-promised document dump on Hillary Clinton. Assange appeared on Fox News last month, repeating his assertion that Wikileaks has damaging documents on Clinton and suggested WikiLeaks may soon release “teasers”. More than three weeks later, that release has yet to take place. Clinton’s more fervent opponents have hoped for weeks that the promised document dump would be an “October surprise” — damaging and revelatory emails or the like — and inflict a mortal wound on her campaign. There’s no evidence, however, that such damaging information even exists. It was only this summer that Assange’s group leaked thousands of embarrassing emails from the Democratic National Committee which showed their disdain for Bernie Sanders’ insurgent campaign for the Democratic presidential nomination. The uproar over the disclosures forced DNC Chairwoman Debbie Wasserman-Schultz to resign in disgrace on the eve of the Democratic National Convention.
  • Assange and his supporters have long claimed that his personal safety is at risk due to the danger he (supposedly) represents to Clinton’s presidential ambitions. Monday morning, Wikileaks via Twitter was promoting the conspiracy theory that Clinton herself has sought to rub out Assange.
  • Assange himself has also recently hinted publicly that low-level DNC staffer Seth Rich, who was murdered this summer in Washington DC, had been the source for Wikileaks’ document dump on the DNC. And that Rich’s alleged role in the leaks was linked to his death. There has been no evidence linking Rich to the leak and no evidence that his murder was anything more than a botched robbery. Nonetheless, the Wikileaks’ cancellation of Tuesday’s announcement in London — and the scheduling of the Tuesday video link in Berlin — has anti-Clinton conspiracy theorists working up a frantic stew of speculation.
  • Paul Merrell on 04 Oct 16
     
    So Assange is speaking at 5 a.m. Wednesday morning East Coast tIme. Probably some headlines by 6 a.m. So 3 a.m. West Coast time. Let's hope this is Assange's October Surprise announcement for Hillary. "Specific concerns" about security on the canceled Ecuadoran Embassy speech? Well, Hillary reportedly made a specific assassination proposal for Assange. Personally, I wouldn't put it past her; the Clintons already have the blood of millions on their hands.
Paul Merrell

Julian Assange to be questioned inside embassy as Ecuador agrees to set date | Media | ... - 0 views

www.theguardian.com/...-as-ecuador-agrees-to-set-date

Assange Ecuador asylum Sweden questioning U.S.-foreign-policy

shared by Paul Merrell on 13 Aug 16 - No Cached
  • Julian Assange will be questioned by Swedish prosecutors inside the Ecuadorian embassy in London, in a possible breakthrough to end the impasse over his case. The Ecuadorian attorney general delivered a document agreeing to a request by the Swedish prosecutor to question the founder of WikiLeaks. He is wanted for questioning over a rape allegation, which he denies. If he goes to Sweden he believes he will be taken to the US because of the activities of WikiLeaks. Assange has been living inside the embassy for more than four years and has been granted political asylum by Ecuador.
  • He has offered to be questioned inside the embassy but Swedish prosecutors have only recently agreed. A statement issued in Ecuador said: “In the coming weeks a date will be established for the proceedings to be held at the embassy of Ecuador in the United Kingdom.
  • The statement said the proceedings did not affect the recent opinion of the Working Group on Arbitrary Detentions of the United Nations, which found that Assange was being arbitrarily detained. The working group called for Assange to be released and given compensation for violation of his rights. The Ecuador statement added: “Ecuador’s foreign ministry reiterates its commitment to the asylum granted to Julian Assange in August 2012, and reaffirms that the protection afforded by the Ecuadorian state shall continue while the circumstances persist that led to the granting of asylum, namely fears of political persecution.”
  • Paul Merrell on 13 Aug 16
     
    Assange justifiably fears that if he submits to extradition to Sweden, that nation would in turn hand him over to the U.S. for prosecution under the Espionage Act. It is known that a grand jury handed down indictments in the case involving a leak of massive numbers of State Department cables by Chelsea (formerly Bradley) Manning. Wikileaks received and published those documents. Soon after, a prosecutor in Sweden began a rape investigation, despite both women involved saying that they were not raped. No rape charges have actually been filed. The British courts later granted Sweden's extradition request, despite there being no charges pending, at which point Assange was granted asylum by Ecuador and has been effectively imprisoned in that nation's London embassy ever since.
Paul Merrell

Bigger than Libor? Forex probe hangs over banks - Nov. 20, 2013 - 0 views

money.cnn.com/...index.html

banksters forex foreign-exchange fraud

shared by Paul Merrell on 22 Nov 13 - No Cached
  • Yet another dark cloud is looming over global banks as officials examine their behavior in the massive foreign exchange market, threatening to deal a new blow to earnings and reputations. Regulators in the U.S., Europe and Asia are in the early stages of investigating whether traders at the world's top banks manipulated foreign exchange benchmarks to profit at the expense of their clients. Goldman Sachs (GS, Fortune 500), Citigroup (C, Fortune 500), JP Morgan (JPM, Fortune 500), Deutsche Bank (DB), Barclays (BCS), Royal Bank of Scotland (RBS), UBS (UBS) and HSBC (HBCYF)are among the firms in their sights. Financial lawyers say the probe could have steep and uncertain consequences as the impact of currency market abuse would reverberate far beyond Wall Street.
  • It's unwelcome timing for an industry already fighting a raft of legal battles over foreclosure abuses, misleading investors over mortgages and payment protection insurance. And then there's the Libor scandal. A global investigation into the setting of the London interbank lending rate, and related global benchmarks, has so far yielded about $3.6 billion in fines. Penalties for some of the biggest players are still to come. Traders have also faced criminal charges. As the extent of damage caused by Libor-rigging is revealed, lawyers say the probe into fixing currency rates could unfold in a similar way, and rival its impact. London is the center of the loosely regulated foreign exchange market, the biggest in the world's financial system with average daily turnover of $5.3 trillion. Proven abuse in this market would have a significant ripple effect, exposing offending firms to a host of legal action.
  • Paul Merrell on 22 Nov 13
     
    For more detail see http://money.cnn.com/2013/10/30/news/companies/global-forex-probe/ I'll get excited if and when major bankster executives face prison time. Until then, the "fines" against corporations are just a cost of doing business usually dwarfed by the unjust riches that one group of human beings fraudulently acquires from others. Reality check: corporations are an entirely imaginary legal fiction; it's actually people that are committing the misbehavior. Fines for corporations are as fictional as the corporations themselves; you must prosecute the people and send them to prison to deter bankster misbehavior.  And it is human beings working for another legal fiction, government, who are making the decisions to prosecute corporations rather than misbehaving people. 
Paul Merrell

Press Release - Secret Trade in Services Agreement (TISA) - Financial Services Annex - 0 views

wikileaks.org/...press.html

banksters deregulation Trade-In-Services-Agreement secret-treaties Wikileaks

shared by Paul Merrell on 22 Jun 14 - No Cached
  • Today, WikiLeaks released the secret draft text for the Trade in Services Agreement (TISA) Financial Services Annex, which covers 50 countries and 68.2%1 of world trade in services. The US and the EU are the main proponents of the agreement, and the authors of most joint changes, which also covers cross-border data flow. In a significant anti-transparency manoeuvre by the parties, the draft has been classified to keep it secret not just during the negotiations but for five years after the TISA enters into force. Despite the failures in financial regulation evident during the 2007-2008 Global Financial Crisis and calls for improvement of relevant regulatory structures2, proponents of TISA aim to further deregulate global financial services markets. The draft Financial Services Annex sets rules which would assist the expansion of financial multi-nationals – mainly headquartered in New York, London, Paris and Frankfurt – into other nations by preventing regulatory barriers. The leaked draft also shows that the US is particularly keen on boosting cross-border data flow, which would allow uninhibited exchange of personal and financial data. TISA negotiations are currently taking place outside of the General Agreement on Trade in Services (GATS) and the World Trade Organization (WTO) framework. However, the Agreement is being crafted to be compatible with GATS so that a critical mass of participants will be able to pressure remaining WTO members to sign on in the future. Conspicuously absent from the 50 countries covered by the negotiations are the BRICS countries of Brazil, Russia, India and China. The exclusive nature of TISA will weaken their position in future services negotiations. The draft text comes from the April 2014 negotiation round - the sixth round since the first held in April 2013. The next round of negotiations will take place on 23-27 June in Geneva, Switzerland.
  • Paul Merrell on 22 Jun 14
     
    "Today, WikiLeaks released the secret draft text for the Trade in Services Agreement (TISA) Financial Services Annex, which covers 50 countries and 68.2%1 of world trade in services. The US and the EU are the main proponents of the agreement, and the authors of most joint changes, which also covers cross-border data flow. In a significant anti-transparency manoeuvre by the parties, the draft has been classified to keep it secret not just during the negotiations but for five years after the TISA enters into force. Despite the failures in financial regulation evident during the 2007-2008 Global Financial Crisis and calls for improvement of relevant regulatory structures2, proponents of TISA aim to further deregulate global financial services markets. The draft Financial Services Annex sets rules which would assist the expansion of financial multi-nationals - mainly headquartered in New York, London, Paris and Frankfurt - into other nations by preventing regulatory barriers. The leaked draft also shows that the US is particularly keen on boosting cross-border data flow, which would allow uninhibited exchange of personal and financial data. TISA negotiations are currently taking place outside of the General Agreement on Trade in Services (GATS) and the World Trade Organization (WTO) framework. However, the Agreement is being crafted to be compatible with GATS so that a critical mass of participants will be able to pressure remaining WTO members to sign on in the future. Conspicuously absent from the 50 countries covered by the negotiations are the BRICS countries of Brazil, Russia, India and China. The exclusive nature of TISA will weaken their position in future services negotiations. The draft text comes from the April 2014 negotiation round - the sixth round since the first held in April 2013. The next round of negotiations will take place on 23-27 June in Geneva, Switzerland."
Paul Merrell

Beijing-Based IMF? Lagarde Ponders China Gaining on U.S. Economy - Bloomberg - 0 views

www.bloomberg.com/...na-gaining-on-u-s-economy.html

economy China U.S. IMF banksters

shared by Paul Merrell on 08 Jun 14 - No Cached
  • The International Monetary Fund’s headquarters may one day shift to Beijing from Washington, aligning with China’s growing influence in the world economy, the fund’s managing director said. Christine Lagarde, speaking late today in London, said IMF rules require the main office be located in the country that is the biggest shareholder, which the U.S. has been since the fund was formed 70 years ago.
  • The IMF founding members “decided that the institution would be headquartered in the country which had the biggest share of the quota, which chipped in the biggest amount and contributed most. And that is still today the United States,” she said in response to questions at the London School of Economics. “But the way things are going, I wouldn’t be surprised if one of these days the IMF was headquartered in Beijing for instance,” she said. “It would be the articles of the IMF that would dictate it.”
  • Lagarde said the IMF has a good relationship with China, the world’s second largest economy and she praised the government’s commitment to fighting corruption. She had less kind things to say about the U.S., which remains the “outlier” among Group of 20 countries to approve an overhaul of the ownership of the 188-member organization. The plan would give emerging markets more influence and would elevate China to the third-largest member nation. Lagarde said there is “frustration by countries like China, like Brazil, like India, with the lack of progress in reforming the IMF by adopting the quota reform that would give emerging-market economies a bigger voice, a bigger vote, a bigger share in the institution and I share that frustration immensely.”
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  • “The credibility of the institution, its relevance in the world in conducting the mission that it was assigned 70 years ago is highly correlated with its good representation of the membership,” she said. “We cannot have a good representation of the membership when China has a teeny tiny share of quota, share of voice when it has grown to where it has grown.”
Paul Merrell

Now the truth emerges: how the US fuelled the rise of Isis in Syria and Iraq | Seumas M... - 0 views

www.theguardian.com/...us-isis-syria-iraq

war & peace U.S.-foreign-policy ISIL litigation Al-Nusrah

shared by Paul Merrell on 07 Jun 15 - No Cached
  • The war on terror, that campaign without end launched 14 years ago by George Bush, is tying itself up in ever more grotesque contortions. On Monday the trial in London of a Swedish man, Bherlin Gildo, accused of terrorism in Syria, collapsed after it became clear British intelligence had been arming the same rebel groups the defendant was charged with supporting. The prosecution abandoned the case, apparently to avoid embarrassing the intelligence services. The defence argued that going ahead withthe trial would have been an “affront to justice” when there was plenty of evidence the British state was itself providing “extensive support” to the armed Syrian opposition. That didn’t only include the “non-lethal assistance” boasted of by the government (including body armour and military vehicles), but training, logistical support and the secret supply of “arms on a massive scale”. Reports were cited that MI6 had cooperated with the CIA on a “rat line” of arms transfers from Libyan stockpiles to the Syrian rebels in 2012 after the fall of the Gaddafi regime. Clearly, the absurdity of sending someone to prison for doing what ministers and their security officials were up to themselves became too much. But it’s only the latest of a string of such cases. Less fortunate was a London cab driver Anis Sardar, who was given a life sentence a fortnight earlier for taking part in 2007 in resistance to the occupation of Iraq by US and British forces. Armed opposition to illegal invasion and occupation clearly doesn’t constitute terrorism or murder on most definitions, including the Geneva convention.
  • But terrorism is now squarely in the eye of the beholder. And nowhere is that more so than in the Middle East, where today’s terrorists are tomorrow’s fighters against tyranny – and allies are enemies – often at the bewildering whim of a western policymaker’s conference call.
  • A revealing light on how we got here has now been shone by a recently declassified secret US intelligence report, written in August 2012, which uncannily predicts – and effectively welcomes – the prospect of a “Salafist principality” in eastern Syria and an al-Qaida-controlled Islamic state in Syria and Iraq. In stark contrast to western claims at the time, the Defense Intelligence Agency document identifies al-Qaida in Iraq (which became Isis) and fellow Salafists as the “major forces driving the insurgency in Syria” – and states that “western countries, the Gulf states and Turkey” were supporting the opposition’s efforts to take control of eastern Syria. Raising the “possibility of establishing a declared or undeclared Salafist principality”, the Pentagon report goes on, “this is exactly what the supporting powers to the opposition want, in order to isolate the Syrian regime, which is considered the strategic depth of the Shia expansion (Iraq and Iran)”.
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  • Which is pretty well exactly what happened two years later. The report isn’t a policy document. It’s heavily redacted and there are ambiguities in the language. But the implications are clear enough. A year into the Syrian rebellion, the US and its allies weren’t only supporting and arming an opposition they knew to be dominated by extreme sectarian groups; they were prepared to countenance the creation of some sort of “Islamic state” – despite the “grave danger” to Iraq’s unity – as a Sunni buffer to weaken Syria. That doesn’t mean the US created Isis, of course, though some of its Gulf allies certainly played a role in it – as the US vice-president, Joe Biden, acknowledged last year. But there was no al-Qaida in Iraq until the US and Britain invaded. And the US has certainly exploited the existence of Isis against other forces in the region as part of a wider drive to maintain western control.
  • The calculus changed when Isis started beheading westerners and posting atrocities online, and the Gulf states are now backing other groups in the Syrian war, such as the Nusra Front. But this US and western habit of playing with jihadi groups, which then come back to bite them, goes back at least to the 1980s war against the Soviet Union in Afghanistan, which fostered the original al-Qaida under CIA tutelage. It was recalibrated during the occupation of Iraq, when US forces led by General Petraeus sponsored an El Salvador-style dirty war of sectarian death squads to weaken the Iraqi resistance. And it was reprised in 2011 in the Nato-orchestrated war in Libya, where Isis last week took control of Gaddafi’s home town of Sirte. In reality, US and western policy in the conflagration that is now the Middle East is in the classic mould of imperial divide-and-rule. American forces bomb one set of rebels while backing another in Syria, and mount what are effectively joint military operations with Iran against Isis in Iraq while supporting Saudi Arabia’s military campaign against Iranian-backed Houthi forces in Yemen. However confused US policy may often be, a weak, partitioned Iraq and Syria fit such an approach perfectly.
  • What’s clear is that Isis and its monstrosities won’t be defeated by the same powers that brought it to Iraq and Syria in the first place, or whose open and covert war-making has fostered it in the years since. Endless western military interventions in the Middle East have brought only destruction and division. It’s the people of the region who can cure this disease – not those who incubated the virus.
Joseph Skues

Bechtel Corporation: Key UK Benefits - 0 views

www.bechtel.com/uk-benefits.html

bechtel benefits finacial-crisis socialism economy financial-oligarchs Banksters banksters

shared by Joseph Skues on 18 Nov 10 - No Cached
  • employees can opt to include spouse/family members under the company scheme at a cost
  • Business travel accident insurance Company paid accident insurance
  • employee contributions, plus company contributions, into an employees
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  • pension account.
  • offering financial protection for the employee and the employee and their families, both during the employee’s career
  • and after retirement.
  • employees can change which funds the pension account is invested in. 
  • Long Term Disability insurance
  • at no cost. 
  • Employees will receive 50 percent of base salary from the scheme after six months absence from work. 
  • benefits including Bechtel University online training, mentoring and leadership programmes
  • professional membership reimbursement.
  • The Well programme is offered to all employees at no cos
  • nutrition advise and guidance
  • breast cancer awareness workshops
  • provides a health manager who is on site every Thursday and Friday
  • advises employees on health issues such as high blood pressure, BMI, high cholesterol, diabetes, weight management, and work life balance;
  • all employees receive at the beginning of employment with Bechtel.
  • Confidential telephone and face-to-face counselling services are offered to all employees at no cost
  • Bechtel recognises that everyone needs some assistance in dealing with the changes and challenges in their lives.
  • a season ticket loan scheme for London office permanent staff
  • Loans will be based on the actual cost of second class rail season tickets and/or London Zone Travel Cards between the employee’s home and London office by the most direct route that does not impose undue travel restrictions on the employee.
  • mployees to sacrifice a maximum of £220 per month; in return, the employee receives childcare vouchers and savings in tax and National Insurance contributions.
Paul Merrell

Profiting from Your Thirst as Global Elite Rush to Control Water Worldwide :: The Marke... - 0 views

www.marketoracle.co.uk/article38167.html

banksters water water-rush privatization

shared by Paul Merrell on 23 May 14 - No Cached
  • A disturbing trend in the water sector is accelerating worldwide. The new “water barons” --- the Wall Street banks and elitist multibillionaires --- are buying up water all over the world at unprecedented pace. Familiar mega-banks and investing powerhouses such as Goldman Sachs, JP Morgan Chase, Citigroup, UBS, Deutsche Bank, Credit Suisse, Macquarie Bank, Barclays Bank, the Blackstone Group, Allianz, and HSBC Bank, among others, are consolidating their control over water. Wealthy tycoons such as T. Boone Pickens, former President George H.W. Bush and his family, Hong Kong’s Li Ka-shing, Philippines’ Manuel V. Pangilinan and other Filipino billionaires, and others are also buying thousands of acres of land with aquifers, lakes, water rights, water utilities, and shares in water engineering and technology companies all over the world. The second disturbing trend is that while the new water barons are buying up water all over the world, governments are moving fast to limit citizens’ ability to become water self-sufficient (as evidenced by the well-publicized Gary Harrington’s case in Oregon, in which the state criminalized the collection of rainwater in three ponds located on his private land, by convicting him on nine counts and sentencing him for 30 days in jail). Let’s put this criminalization in perspective:
  • Billionaire T. Boone Pickens owned more water rights than any other individuals in America, with rights over enough of the Ogallala Aquifer to drain approximately 200,000 acre-feet (or 65 billion gallons of water) a year. But ordinary citizen Gary Harrington cannot collect rainwater runoff on 170 acres of his private land. It’s a strange New World Order in which multibillionaires and elitist banks can own aquifers and lakes, but ordinary citizens cannot even collect rainwater and snow runoff in their own backyards and private lands.
  • In 2008, Goldman Sachs called water “the petroleum for the next century” and those investors who know how to play the infrastructure boom will reap huge rewards, during its annual “Top Five Risks” conference. Water is a U.S.$425 billion industry, and a calamitous water shortage could be a more serious threat to humanity in the 21st century than food and energy shortages, according to Goldman Sachs’s conference panel. Goldman Sachs has convened numerous conferences and also published lengthy, insightful analyses of water and other critical sectors (food, energy). Goldman Sachs is positioning itself to gobble up water utilities, water engineering companies, and water resources worldwide. Since 2006, Goldman Sachs has become one of the largest infrastructure investment fund managers and has amassed a $10 billion capital for infrastructure, including water.
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  • Citigroup’s top economist Willem Buitler said in 2011 that the water market will soon be hotter the oil market (for example, see this and this): “Water as an asset class will, in my view, become eventually the single most important physical-commodity based asset class, dwarfing oil, copper, agricultural commodities and precious metals.” In its recent 2012 Water Investment Conference, Citigroup has identified top 10 trends in the water sector, as follows:
  • Specifically, a lucrative opportunity in water is in hydraulic fracturing (or fracking), as it generates massive demand for water and water services. Each oil well developed requires 3 to 5 million gallons of water, and 80% of this water cannot be reused because it’s three to 10 times saltier than seawater. Citigroup recommends water-rights owners sell water to fracking companies instead of to farmers because water for fracking can be sold for as much as $3,000 per acre-foot instead of only $50 per acre/foot to farmers.
  • One of the world’s largest banks, JPMorgan Chase has aggressively pursued water and infrastructure worldwide. In October 2007, it beat out rivals Morgan Stanley and Goldman Sachs to buy U.K.’s water utility Southern Water with partners Swiss-based UBS and Australia’s Challenger Infrastructure Fund. This banking empire is controlled by the Rockefeller family; the family patriarch David Rockefeller is a member of the elite and secretive Bilderberg Group, Council on Foreign Relations, and Trilateral Commission.
  • Barclays PLC is a U.K.-based major global financial services provider operating in all over the world with roots in London since 1690; it operates through its subsidiary Barclays Bank PLC and its investment bank called Barclays Capital. Barclays Bank’s unit Barclays Global Investors manages an exchange-traded fund (ETF) called iShares S&P Global Water, which is listed on the London Stock Exchanges and can be purchased like any ordinary share through a broker. Touting the iShares S&P Global Water as offering “a broad based exposure to shares of the world’s largest water companies, including water utilities and water equipment stocks” of water companies around the world, this fund as of March 31, 2007 was valued at U.S.$33.8 million.
  • Deutsche Bank is one of the major players in the water sector worldwide. Its Deutsche Bank Advisors have identified water as a part of the climate investment strategies. In its presentation, “Global Warming: Implications for Investors,” they have identified the four following major areas for water investment: § Distribution and management: (1) Supply and recycling, (2) water distribution and sewage, (3) water management and engineering. § Water purification: (1) Sewage purification, (2) disinfection, (3) desalination, (4) monitoring. § Water efficiency (demand): (1) Home installation, (2) gray-water recycling, (3) water meters. § Water and nutrition: (1) Irrigation, (2) bottled water.
  • Moreover, Deutsche Bank has channeled €6 billion (U.S.$8.55 billion) into climate change funds, which will target companies with products that cut greenhouse gases or help people adapt to a warmer world, in sectors from agriculture to power and construction (Reuters, October 18, 2007). In addition to SCM, Deutsche Bank also has the RREEF Infrastructure, part of RREEF Alternative Investments, headquartered in New York with main hubs in Sydney, Singapore, and London. RREEF Infrastructure has more than €6.7 billion in assets under management. One of its main targets is utilities, including electricity networks, water-treatment or distribution operations, and natural-gas networks. In October 2007, RREEF partnered with Goldman Sachs, GE, Prudential, and Babcok & Brown Ltd. to bid unsuccessfully for U.K.’s water utility Southern Water. § Crediting the boom in European infrastructure investment, the RREEF fund by August 2007 had raised €2 billion (U.S.$2.8 billion); Europe’s infrastructure market is valued at between U.S.$4 trillion to U.S.$6 trillion (DowJones Financial News Online, August 7, 2007). § Bulgaria --- Deutsche Bank Bulgaria is planning to participate in large infrastructure projects, including public-private partnership projects in water and sewage worth up to €1 billion (Sofia Echo Media, February 26, 2008). § Middle East --- Along with Ithmaar Bank B.S.C. (an private-equity investment bank in Bahrain), Deutsche Bank co-managed a U.S.$2 billion Shari'a-compliant Infrastructure and Growth Capital Fund and plans to target U.S.$630 billion in regional infrastructure.
  • In my 2008 article, I overlooked the astonishingly large land purchases (298,840 acres, to be exact) by the Bush family in 2005 and 2006. In 2006, while on a trip to Paraguay for the United Nation’s children’s group UNICEF, Jenna Bush (daughter of former President George W. Bush and granddaughter of former President George H.W. Bush) reportedly bought 98,840 acres of land in Chaco, Paraguay, near the Triple Frontier (Bolivia, Brazil, and Paraguay). This land is said to be near the 200,000 acres purchased by her grandfather, George H.W. Bush, in 2005. The lands purchased by the Bush family sit over not only South America’s largest aquifer --- but the world’s as well --- Acuifero Guaraní, which runs beneath Argentina, Brazil, Paraguay, and Uruguay. This aquifer is larger than Texas and California combined. Online political magazine Counterpunch quoted Argentinean pacifist Adolfo Perez Esquivel, the winner of 1981 Nobel Peace Prize, who “warned that the real war will be fought not for oil, but for water, and recalled that Acuifero Guaraní is one of the largest underground water reserves in South America….”
  • Paul Merrell on 23 May 14
     
     Like the land rush for Arctic lands soon to be bared of ice by global warming, banksters are also moving to capitalize on looming water shortages, aided by IMF privatization loan conditions the the dwindling of potable water supplies globally via pollution, deforestation, and aquifer depletion. All trace to the common problem over human overpopulation of the planet.  
Paul Merrell

Bail-In and the Financial Stability Board: The Global Bankers' Coup | nsnbc international - 0 views

nsnbc.me/...lity-board-global-bankers-coup

banksters G20 Financial-Stability-Board must-read

shared by Paul Merrell on 13 Dec 14 - No Cached
  • Ellen H. Brown (WoD) : On December 11, 2014, the US House passed a bill repealing the Dodd-Frank requirement that risky derivatives be pushed into big-bank subsidiaries, leaving our deposits and pensions exposed to massive derivatives losses. The bill was vigorously challenged by Senator Elizabeth Warren; but the tide turned when Jamie Dimon, CEO of JPMorganChase, stepped into the ring. Perhaps what prompted his intervention was the unanticipated $40 drop in the price of oil. As financial blogger Michael Snyder points out, that drop could trigger a derivatives payout that could bankrupt the biggest banks. And if the G20’s new “bail-in” rules are formalized, depositors and pensioners could be on the hook. The new bail-in rules were discussed in my last last article entitled “New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners.” They are edicts of the Financial Stability Board (FSB), an unelected body of central bankers and finance ministers headquartered in the Bank for International Settlements in Basel, Switzerland. Where did the FSB get these sweeping powers, and is its mandate legally enforceable?
  • Those questions were addressed in an article I wrote in June 2009, two months after the FSB was formed, titled “Big Brother in Basel: BIS Financial Stability Board Undermines National Sovereignty.” It linked the strange boot shape of the BIS to a line from Orwell’s 1984: “a boot stamping on a human face—forever.” The concerns raised there seem to be materializing, so I’m republishing the bulk of that article here. We need to be paying attention, lest the bail-in juggernaut steamroll over us unchallenged. The Shadowy Financial Stability Board Alarm bells went off in April 2009, when the Bank for International Settlements (BIS) was linked to the new Financial Stability Board (FSB) signed onto by the G20 leaders in London. The FSB was an expansion of the older Financial Stability Forum (FSF) set up in 1999 to serve in a merely advisory capacity by the G7 (a group of finance ministers formed from the seven major industrialized nations). The chair of the FSF was the General Manager of the BIS. The new FSB was expanded to include all G20 members (19 nations plus the EU).
  • Formally called the “Group of Twenty Finance Ministers and Central Bank Governors,” the G20 was, like the G7, originally set up as a forum merely for cooperation and consultation on matters pertaining to the international financial system. What set off alarms was that the new Financial Stability Board had real teeth, imposing “obligations” and “commitments” on its members; and this feat was pulled off without legislative formalities, skirting the usual exacting requirements for treaties. It was all done in hasty response to an “emergency.” Problem-reaction-solution was the slippery slope of coups. Buried on page 83 of an 89-page Report on Financial Regulatory Reform issued by the US Obama administration was a recommendation that the FSB strengthen and institutionalize its mandate to promote global financial stability. It sounded like a worthy goal, but there was a disturbing lack of detail. What was the FSB’s mandate, what were its expanded powers, and who was in charge? An article in The London Guardian addressed those issues in question and answer format:
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  • For three centuries, private international banking interests have brought governments in line by blocking them from issuing their own currencies and requiring them to borrow banker-issued “banknotes” instead. Political colonialism is now a thing of the past, but under the new FSB guidelines, nations could still be held in feudalistic subservience to foreign masters. Consider this scenario: the new FSB rules precipitate a massive global depression due to contraction of the money supply. XYZ country wakes up to the fact that all of this is unnecessary – that it could be creating its own money, freeing itself from the debt trap, rather than borrowing from bankers who create money on computer screens and charge interest for the privilege of borrowing it. But this realization comes too late: the boot descends and XYZ is crushed into line. National sovereignty has been abdicated to a private committee, with no say by the voters. Marilyn Barnewall, dubbed by Forbes Magazine the “dean of American private banking,” wrote in an April 2009 article titled “What Happened to American Sovereignty at G-20?”: It seems the world’s bankers have executed a bloodless coup and now represent all of the people in the world. . . . President Obama agreed at the G20 meeting in London to create an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions.  Under the new Financial Stability Board, the United States has only one vote. In other words, the group will be largely controlled by European central bankers. My guess is, they will represent themselves, not you and not me and certainly not America.
  • Are these commitments legally binding? Adoption of the FSB was never voted on by the public, either individually or through their legislators. The G20 Summit has been called “a New Bretton Woods,” referring to agreements entered into in 1944 establishing new rules for international trade. But Bretton Woods was put in place by Congressional Executive Agreement, requiring a majority vote of the legislature; and it more properly should have been done by treaty, requiring a two-thirds vote of the Senate, since it was an international agreement binding on the nation. “Bail-in” is not the law yet, but the G20 governments will be called upon to adopt the FSB’s resolution measures when the proposal is finalized after taking comments in 2015. The authority of the G20 has been challenged, but mainly over whether important countries were left out of the mix. The omitted countries may prove to be the lucky ones, having avoided the FSB’s net.
Paul Merrell

Palestine solidarity goes mainstream in UK as 100,000 march in London | The Electronic ... - 0 views

electronicintifada.net/...nstream-uk-100000-march-london

war & peace Gaza Israel protests

shared by Paul Merrell on 30 Jul 14 - No Cached
  • For the second consecutive weekend, tens of thousands of protesters marched through the streets of London on Saturday, 26 July, in a massive show of support for the people of Gaza and all of Palestine. That support is growing fast — and public opinion is leaving the politicians and traditional media, still stuck in their backing for the colonizer, Israel, far behind.
Paul Merrell

Ukraine Signals It Needs Cash Fast as Capital Controls Tightened - Bloomberg Business - 0 views

www.bloomberg.com/...-as-capital-controls-tightened

war & peace Ukraine economy busted

shared by Paul Merrell on 27 Feb 15 - No Cached
  • (Bloomberg) -- Help can’t come fast enough for Ukraine. Conditions are deteriorating so quickly that the International Monetary Fund’s $17.5 billion bailout, pledged less than two weeks ago, may no longer be sufficient. While Ukraine waits for the IMF loan, central bank Governor Valeriya Gontareva is tightening the amount of foreign currencies available to importers and banning banks from lending money for clients to buy currencies other than the hryvnia. More restrictions may follow as the country’s economy contracts amid a deadly conflict with pro-Russian rebels in the country’s east, Gontareva said Monday.
  • With its foreign reserves dropping 61 percent to $6.4 billion in the four months through January, the “cupboard is basically bare,” said Timothy Ash, Standard Bank Group Plc’s London-based chief economist for emerging markets. The hryvnia has fallen 71 percent against the dollar over the past year. Despite the IMF pledge, Ukraine hasn’t received a major injection of cash since a $1.4 billion IMF disbursement on Sept. 3, the lender’s website shows. Lawmakers in Kiev have yet to pass amendments to the budget needed to allow the new IMF program to begin. Disbursements could start a few weeks after the fund’s board approves the facility, which may take place this week or next, according to Ukraine’s Finance Minister Natalie Jaresko.
  • Ukraine’s $2.6 billion of 9.25 percent bonds due in July 2017, the sovereign’s benchmark security for foreign investors, fell 0.07 cent to a record 41.47 cents on the dollar by 11:30 a.m. in Kiev, taking its eight-day decline to 15 cents. The hryvnia weakened to an all-time low 32 per dollar, according to data compiled by Bloomberg. “The way things are going, the central bank may need to declare a moratorium on money leaving the country, perhaps through an interruption in debt servicing as Argentina did,” Richard Segal, head of emerging-markets credit strategy at Jefferies International Ltd. in London, said by phone Monday.
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  • Ukraine’s debt is poised to extend declines as investors are underestimating losses in the country’s planned debt reorganization, analysts at Goldman Sachs Group Inc. and JPMorgan Chase & Co. said on Friday in separate reports. “Ukraine is bankrupt and the only reason the bonds are trading at 40-45 is because of IMF involvement,” Dmitri Barinov, a money manager who oversees $2.6 billion of emerging-market bonds at Union Investment Privatfonds GmbH in Frankfurt, said by e-mail on Monday. “Ukraine has neither the possibility nor the willingness to pay its debt, but will be forced to restructure under IMF conditions.” The hryvnia’s 51 percent depreciation against the dollar this year, following a 48 percent drop in 2014, is driving up the prices of imports and energy, while making external debt payments more difficult for Ukraine. Gontereva yielded control of the currency earlier this month, allowing it to weaken in an IMF-backed move which helped eliminate an unofficial street market for currency transactions. “The National Bank of Ukraine has few options, with the West still dragging its feet over financial support,” Ash, the chief emerging-markets economist at Standard Bank in London, said by e-mail.
Paul Merrell

The ultimate goal of the NSA is total population control | Antony Loewenstein | Comment... - 0 views

www.theguardian.com/...sa-is-total-population-control

surveillance state NSA NSA-targets phone-audio Binney

shared by Paul Merrell on 11 Jul 14 - No Cached
  • William Binney is one of the highest-level whistleblowers to ever emerge from the NSA. He was a leading code-breaker against the Soviet Union during the Cold War but resigned soon after September 11, disgusted by Washington’s move towards mass surveillance.On 5 July he spoke at a conference in London organised by the Centre for Investigative Journalism and revealed the extent of the surveillance programs unleashed by the Bush and Obama administrations.
  • “At least 80% of fibre-optic cables globally go via the US”, Binney said. “This is no accident and allows the US to view all communication coming in. At least 80% of all audio calls, not just metadata, are recorded and stored in the US. The NSA lies about what it stores.”The NSA will soon be able to collect 966 exabytes a year, the total of internet traffic annually. Former Google head Eric Schmidt once argued that the entire amount of knowledge from the beginning of humankind until 2003 amount to only five exabytes.Binney, who featured in a 2012 short film by Oscar-nominated US film-maker Laura Poitras, described a future where surveillance is ubiquitous and government intrusion unlimited.“The ultimate goal of the NSA is total population control”, Binney said, “but I’m a little optimistic with some recent Supreme Court decisions, such as law enforcement mostly now needing a warrant before searching a smartphone.”
  • It shows that the NSA is not just pursuing terrorism, as it claims, but ordinary citizens going about their daily communications. “The NSA is mass-collecting on everyone”, Binney said, “and it’s said to be about terrorism but inside the US it has stopped zero attacks.”The lack of official oversight is one of Binney’s key concerns, particularly of the secret Foreign Intelligence Surveillance Court (Fisa), which is held out by NSA defenders as a sign of the surveillance scheme's constitutionality.“The Fisa court has only the government’s point of view”, he argued. “There are no other views for the judges to consider. There have been at least 15-20 trillion constitutional violations for US domestic audiences and you can double that globally.”
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  • He praised the revelations and bravery of former NSA contractor Edward Snowden and told me that he had indirect contact with a number of other NSA employees who felt disgusted with the agency’s work. They’re keen to speak out but fear retribution and exile, not unlike Snowden himself, who is likely to remain there for some time.
  • Binney recently told the German NSA inquiry committee that his former employer had a “totalitarian mentality” that was the "greatest threat" to US society since that country’s US Civil War in the 19th century. Despite this remarkable power, Binney still mocked the NSA’s failures, including missing this year’s Russian intervention in Ukraine and the Islamic State’s take-over of Iraq.The era of mass surveillance has gone from the fringes of public debate to the mainstream, where it belongs. The Pew Research Centre released a report this month, Digital Life in 2025, that predicted worsening state control and censorship, reduced public trust, and increased commercialisation of every aspect of web culture.It’s not just internet experts warning about the internet’s colonisation by state and corporate power. One of Europe’s leading web creators, Lena Thiele, presented her stunning series Netwars in London on the threat of cyber warfare. She showed how easy it is for governments and corporations to capture our personal information without us even realising.Thiele said that the US budget for cyber security was US$67 billion in 2013 and will double by 2016. Much of this money is wasted and doesn't protect online infrastructure. This fact doesn’t worry the multinationals making a killing from the gross exaggeration of fear that permeates the public domain.
  • Wikileaks understands this reality better than most. Founder Julian Assange and investigative editor Sarah Harrison both remain in legal limbo. I spent time with Assange in his current home at the Ecuadorian embassy in London last week, where he continues to work, release leaks, and fight various legal battles. He hopes to resolve his predicament soon.At the Centre for Investigative Journalism conference, Harrison stressed the importance of journalists who work with technologists to best report the NSA stories. “It’s no accident”, she said, “that some of the best stories on the NSA are in Germany, where there’s technical assistance from people like Jacob Appelbaum.” A core Wikileaks belief, she stressed, is releasing all documents in their entirety, something the group criticised the news site The Intercept for not doing on a recent story. “The full archive should always be published”, Harrison said.
  • With 8m documents on its website after years of leaking, the importance of publishing and maintaining source documents for the media, general public and court cases can’t be under-estimated. “I see Wikileaks as a library”, Assange said. “We’re the librarians who can’t say no.”With evidence that there could be a second NSA leaker, the time for more aggressive reporting is now. As Binney said: “I call people who are covering up NSA crimes traitors”.
Paul Merrell

Tens Of Thousands Join UK Anti-Nuke Demo Billed As Biggest In Generation - 0 views

www.mintpressnews.com/...214368

war & peace UK nukes protests

shared by Paul Merrell on 01 Mar 16 - No Cached
  • In what was called “Britain’s biggest anti-nuclear weapons rally in a generation,” tens of thousands took to the streets of London on Saturday to protest the UK’s nuclear weapons system—Trident—and to call for global disarmament. According to the Guardian, “Campaigners gathered from across the world: some said they had traveled from Australia to protest against the renewal of Trident. Others had come from the west coast of Scotland where Britain’s nuclear deterrent submarines are based.”
  • Organized by the Campaign for Nuclear Disarmament (CND), the demonstration comes ahead of a parliamentary decision on whether or not to replace Trident, the UK’s nuclear weapons system, comprised of four submarines carrying up to 40 nuclear warheads apiece. Such an endeavor would cost least £41bn, UK government officials have said.
  • Other political figures, including longtime anti-war activist and Labour party leader Jeremy Corbyn, also backed the demo. Speaking to the crowd on Saturday, Corbyn said the demonstration was “an expression of many people’s public opinion.”
  • Paul Merrell on 01 Mar 16
     
    With the U.S. set to spend $1 trillion on increasing its nuclear arsenal over the next few years, one has to wonder why no protests here?
Paul Merrell

Ecuador Gives Sweden Green Light for Assange Interrogation | News | teleSUR English - 0 views

www.telesurtv.net/...terrogation-20160115-0023.html

war & peace Wikileaks Assange Ecuador Sweden UK criminal-investigation

shared by Paul Merrell on 17 Jan 16 - No Cached
  • Ecuadorean Foreign Minister Ricardo Patiño confirmed Friday that his country granted the request submitted by Swedish authorities to interrogate Julian Assange in London, which could possibly result in the dropping of any future criminal charges against him. “Before (the Sweedish authorities) file three of the possible trials, they asked to go to the Ecuadorean embassy in London in order to collect his declarations,” said the state official in an interview with Radio Publica. “Julian Assange benefits from our protection for being exiled, and remains under the Ecuadorean juridiction.” Patiño explained that the procedure was the result of a two-month negotiation between the whistleblower and Swedish authorities.
  • For instance, the Swedish prosecutor could hand questions to their Ecuadorean counterpart, and the interrogation would be carried out with the presence of a Swedish attorney, he said. Once Assange's declarations are collected, Swedish authorities will be able to decide whether to proceded with criminal charges against Assange or not, meaning Assange could be able to finally leave the embassy were he has been forced to stay in since June 19, 2012. “We hope there won't be any issues with United Kingdom,” added Patiño, explaining Ecuador would then ask British authorities a letter of safe-passage, so Assange could head to the airport without fearing arrest. “Supposedly (Assange) should go straight to Ecuador, where he was granted asylum.” Swedish prosecutors have not indicated yet when they plan to visit the Ecuadorean Embassy in London to question Assange.
Gary Edwards

The Sad Story Of The Privately Owned Federal Reserve Bank - 1 views

www.apfn.net/doc-100_bankruptcy27.htm

Federal-Reserve Federal-Reserve-Bankster-Cartel

shared by Gary Edwards on 07 Dec 12 - No Cached
  • Gary Edwards on 07 Dec 12
     
    "The privately owned Federal Reserve is not a government agency.  The privately owned Federal Reserve Bank (The Fed) is privately owned by a group of primarily foreign bankers.  In 1913, Congress sank America into eternal debt by giving the power to issue currency and control the American economic system to the privately owned Federal Reserve Bank.  Who are the owners or chief shareholders of the privately owned Federal Reserve?     Originally, there were reportedly 203,053 shares of privately owned Federal Reserve stock, of which approximately 65% were owned by foreigners and approximately 35%(72,000 shares) were:  1. Rockefellers' National City Bank = 30,000 shares  2. Chase National = 6,000 shares (currently Chase Manhattan and owned by David Rockefeller)  3. The National Bank of Commerce = 21,000 shares (now known as Morgan Guaranty Trust)  4. Morgans' First national Bank = 15,000 shares  Interestingly, the total shares owned by Rockefellers interests equal 36,000 shares and the total of Morgans' equals 36,000 shares.  Although the privately owned Federal Reserve Act of 1913 provided the names of the owner banks be kept a secret, R.E. McMaster, publisher of the newsletter" The Reaper" discovered, through confidential Swiss banking connections, that the following banks have controlling interest in the privately owned Federal Reserve   1. Rothschild Banks of London and Berlin  2. Lazard Brothers Bank of Paris  3. Israel Moses Sieff Banks of Italy  4. Warburg Bank of Hamburg, Germany and Amsterdam  5. Kuhn Loeb Bank of New York  6. Lehman Brothers Bank of New York  7. Goldman Sachs Bank of New York  8. Chase Manhattan Bank of New York (Controlled By Rockefellers) "
Paul Merrell

MoD pays out millions to Iraqi torture victims | Law | The Guardian - 0 views

www.guardian.co.uk/...mod-iraqi-torture-victims

war crimes torture rendition human rights

shared by Paul Merrell on 23 Dec 12 - No Cached
  • The Ministry of Defence has paid out £14m in compensation and costs to hundreds of Iraqis who complained that they were illegally detained and tortured by British forces during the five-year occupation of the south-east of the country.Hundreds more claims are in the pipeline as Iraqis become aware that they are able to bring proceedings against the UK authorities in the London courts.
  • Lawyers representing former prisoners of the British military say that more than 700 further individuals are likely to make claims next year.Most of those compensated were male civilians who said they had been beaten, deprived of sleep and threatened before being interrogated by British servicemen and women who had detained them on suspicion of involvement in the violent insurgency against the occupation. Others said that they suffered sexual humiliation and were forced into stress positions for prolonged periods.
  • Many of the complaints arise out of the actions of a shadowy military intelligence unit called the Joint Forward Interrogation Team (Jfit) which operated an interrogation centre throughout the five-year occupation. Officials of the International Committee of the Red Cross complained about the mistreatment of detainees at Jfit not long after it was first established.Despite this, the interrogators shot hundreds of video films in which they captured themselves threatening and abusing men who can be seen to be bruised, disoriented, complaining of starvation and sleep deprivation and, in some cases, too exhausted to stand unaided.
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  • During proceedings brought before the high court in London, lawyers representing the former Jfit prisoners suggested the interrogation centre could be regarded as "Britain's Abu Ghraib".
  • Next month, the high court will hear a judicial review of the MoD's refusal to hold a public inquiry into the abuses. Human rights groups and lawyers for the former prisoners say the UK government is obliged to hold an inquiry to meet its obligations under the European convention on human rights – and particularly under article three of the convention, which protects individuals from torture.After a hearing, the high court highlighted matters supporting the allegations of systemic abuse. These included:• The same techniques being used at the same places for the same purpose: to assist interrogation.• The facilities being under the command of an officer.• Military doctors examining each prisoner at various stages in their detention.• Investigations by the Royal Military police that were concluded without anyone being held to account.
  • Paul Merrell on 23 Dec 12
     
    The Brits at least have the decency to attempt to make amends for its soldiers who tortured prisoners. Not so in the U.S. *Every* "war on terror" detainee who has filed a case for damages in the U.S. has been thrown out of court at the government's request, usually on grounds of the State Secrets privilege. It is a sad situation that our courts allow government secrecy about unlawful conduct to trump individual rights to redress for injury. 
Paul Merrell

At the Royal Bank of Scotland, the business of rescuing the world's worst bank - The Wa... - 0 views

www.washingtonpost.com/...2-82bc-511538ae90a4_story.html

financial-collapse banksters RBS

shared by Paul Merrell on 21 Apr 13 - No Cached
  • Rory Cullinan runs the world’s worst bank from a fifth-floor office overlooking Liverpool Street station in London. His 400-person outfit doesn’t lend money or trade securities. Instead, it sells blown-out mortgages, busted loans and entire companies amassed by Royal Bank of Scotland Group before it collapsed in the global financial crash of 2008. On a Friday afternoon, Cullinan is savoring a new feeling in his life as a toxic-asset disposal specialist: hope that the worst is finally over. After four years of marathon dealmaking, Cullinan’s Non-Core Division has whacked a 258-billion-pound ($390 billion) financial junk pile down to 57 billion pounds and eased pressure on RBS’s balance sheet. That has been chief executive Stephen Hester’s top priority since the government saved RBS from insolvency beginning in late 2008 with a 45-billion-pound lifeline — the biggest bank bailout in history.
  • The RBS mess has pitted Chancellor of the Exchequer George Osborne, who continues to stand behind Hester’s turnaround plan, against Bank of England Governor Mervyn King, who says it is not working. King told the Parliamentary Commission on Banking Standards that the government should fully nationalize RBS, then split it up and re-privatize the “good” pieces of the bank to recoup what it can of the bailout.“We should simply accept the reality today that it is worth less than we thought and should find a way to get an RBS that can be useful to the U.K. economy,” said King, 65, who will retire June 30.
  • Hester has told investors and analysts that getting a grip on RBS has proven a far tougher task than he expected because the euro zone’s sovereign-debt crisis and two recessions in Britain have undermined the bank’s bedrock lending business. Hester has also been hit with misdeeds that took root before he arrived at the bank.In February, RBS agreed to pay a $612 million penalty to regulators and law enforcement officials in the United States and Britain to settle allegations that 21 of its traders had manipulated the London interbank offered rate, or Libor, from 2006 to 2010. Barclays paid a $453 million penalty in July to settle its Libor case, and UBS was fined $1.5 billion in December.
Gary Edwards

The Biggest Price-Fixing Scandal Ever - and the VESTS Solution - 0 views

www.thedailybell.com/...l-Ever--and-the-VESTS-Solution

Banksters matt-taibbi LiBOR

shared by Gary Edwards on 28 Apr 13 - No Cached
  • Gary Edwards on 28 Apr 13
     
    excerpt: Uber financial investigative journalist Matt Taibbi has discovered what we too realized when we began to scrutinize the financial industry. In his latest article, he writes, "Everything Is Rigged: The Biggest Price-Fixing Scandal Ever." The article's cut line is, "The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix." Taibbi's incredulity is evident throughout the article, as well it should be. The interest-rate swap market is part of the larger derivatives market that totals over one billion TRILLION dollars............................... "Given the endless financial scandals that keep sweeping across the industry, it is fairly obvious that this regulatory system needs a good deal of improvement. In fact, I think that it may be no coincidence that so much is being revealed now. The idea is surely to create the conditions for another international regulatory effort that will end up further controlling what is left of free-market capital raising. It is a global game for globalists. The game is to regulate everything and then to position oneself above the regulations and above the governments that wield them. This gives you tremendous power over everyone else. One of the tools being used to whip up sentiment for a larger regulatory revisiting is scandal and more scandal. There have been revelations of so-called crooked practices in a number of areas lately, mostly in the area of industry pricing. It turns out that many standard prices are set via indications of interest rather than outright competition. We can see the same system at work in the gold market, where a small group of wise men set the price for physical gold every day. And now, as Taibbi and others have revealed, the dysfunctional system also affects interest rate swaps. This has incensed Taibbi, who opens his article as follows: Conspiracy theorists of the world, believers in the
Paul Merrell

Ecuador says it found a hidden microphone at its London embassy | Reuters - 0 views

www.reuters.com/...crophone-idUSBRE9620JS20130703

surveillance Ecuador embassy Wikileaks

shared by Paul Merrell on 03 Jul 13 - No Cached
  • Ecuador has found a hidden microphone inside its London embassy, where WikiLeaks founder Julian Assange is living, and will disclose on Wednesday who controls the device, its foreign minister said.
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