Skip to main content

Home/ Socialism and the End of the American Dream/ Group items tagged selling

Rss Feed Group items tagged

Filter: All | Bookmarks | Topics Simple Middle
1More

Who owns the Bank of England? |Dark Politricks - 0 views

www.darkpolitricks.com/...who-owns-the-bank-of-england banksters Banksters-of-America Rothschild-Bank-of-England
shared by Gary Edwards on 21 Sep 13 - No Cached
  • Gary Edwards on 21 Sep 13
     
    "Who owns the Bank of England? A brief history of World Banksters By Dark Politricks First a few historical comments by people who helped create two of the worlds most famous central banks, the Bank of England and the Federal Reserve. "I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." - Woodrow Wilson, after signing the Federal Reserve into existence The Bank of England was created in 1694 by a Scotsman William Paterson who famously said: The bank hath benefit of interest on all moneys which it creates out of nothing. - William Paterson The history of the Bank of England and how it was taken over by one powerful family hundreds of years ago. Up until 1946 when it was nationalised the Bank of England was a private run bank that lent money it created out of nothing to the English government and was paid back with interest. A very famous story relates to the Bank of England and the infamous Rothschilds, that all powerful banking family. This story was re-told recently in a BBC documentary about the creation of money and the Bank of England. It revolves around the Battle of Waterloo in which Nathan Rothschild used his inside knowledge of the outcome and his faster horses and couriers to play the market by getting the result of the battle before anyone else knew the outcome. He quickly sold his English bonds and gave all the traders who looked to him for guidance the impression that the French had won at Waterloo. The other traders all rus
6More

MAJOR DEVELOPMENT: Rand Paul, Ron Wyden to Introduce 28 Pages Resolution in Senate | 28... - 0 views

28pages.org/...-28-pages-resolution-in-senate war & peace 9-11-Truth 28-pages Paul Wyden Senate
shared by Paul Merrell on 29 May 15 - No Cached
  • The growing, nonpartisan drive to declassify a 28-page finding on foreign government support of the 9/11 hijackers is about to take an enormous step forward with the introduction of a Senate resolution urging the president to release the material to the public. Dramatically compounding the issue’s visibility, the resolution is being introduced by high-profile Republican presidential hopeful Rand Paul of Kentucky. A spokesperson for Senator Paul told 28Pages.org that Oregon Democrat Ron Wyden will cosponsor the resolution, which will serve as the upper chamber’s companion to House Resolution 14. Wyden is a member of the Senate intelligence committee.
  • ones, Lynch and Massie introduced H.Res.14 and have been championing the issue—and seeking like-minded senators to lead the cause in the upper chamber—since December 2013. Aided by Graham, who co-chaired the joint congressional 9/11 inquiry that wrote the 28 pages as one chapter in a far larger report, their success in securing the leadership of Paul and Wyden represents a critical milestone for the 28 pages movement. As Paul and Wyden seek cosponsors for the resolution, there are 11 senators whose support should—on principle, if not politics—be automatic:  Patrick Leahy (VT), Barbara Mikulski (MD), Harry Reid (NV), Barbara Boxer (CA), Patty Murray (WA), Dick Durbin (IL), Jack Reed (RI), Chuck Schumer (NY), Bill Nelson (FL), Tom Carper (DE) and Maria Cantwell (WA). 
  • What do these 11 Democrats have in common? Months after the December 2002 release of the congressional intelligence report that holds the 28 pages, each of them signed a 2003 letter to President George W. Bush protesting his decision to redact the 28 pages and urging him to release them. In part, that letter read: Unfortunately, because all but two pages of the entire section have been deemed too secret for public disclosure, the American people remain in the dark about other countries that may have facilitated the terrorist attacks. It has been widely reported in the press that the foreign sources referred to in this portion of the Joint Inquiry analysis reside primarily in Saudi Arabia. The decision to classify this information sends the wrong message to the American people about our nation’s anti-terror effort and makes it seem as if there will be no penalty for foreign abettors of the hijackers…Protecting the Saudi regime by eliminating any public penalty for the support given to terrorists from within its borders would be a mistake.
  • ...2 more annotations...
  • Among those 11 natural candidates to join the Paul-Wyden resolution, one stands out: Schumer led the 2003 letter-writing effort. At the time, he said, “The bottom line is that keeping this material classified only strengthens the theory that some in the U.S. government are hellbent on covering up for the Saudis. If we’re going to take terrorism down, that kind of behavior has got to be nipped in the bud and shedding some light on these 28 pages would start that process.”
  • Former Senator Graham and House leaders of the 28 pages movement who’ve read the 28 pages argue that their release is vital to the ongoing struggle with terrorism. According to Graham, “the 28 pages primarily relate to who financed 9/11 and they point a very strong finger at Saudi Arabia as being the principal financier.” He has also said the U.S. government’s shielding of Saudi Arabia’s role in funding extremism helped pave the way for the rise of ISIS. The House’s Lynch made a similar point in a 2014 story written by the Boston Globe’s Bryan Bender:
  • Paul Merrell on 29 May 15
     
    I suspect that Mr. Obama won't be eager to make the Saudis the patsies  for what it really looks like Israel's far right government and some colaborators in high levels of U.S. government made happen on 9-11.  Heavens! The Saudis might start selling selling their oil in something other than U.S. dollars and bring down the Western banksters house of cards. 
2More

American Thinker: Obama's Ides-of-March Moment is Near - 0 views

www.americanthinker.com/...s_idesofmarch_moment_is_n.html obammunism bernake carter volker
shared by Gary Edwards on 24 Feb 10 - Cached
  • If Bernanke stops QE, he fulfills his role as an independent central banker. Presumably, that action stops the decline in the dollar and reduces the risk of future inflation. It was the course that Paul Volcker chose in the late 1970s. Volcker's action was bold, highly controversial, and highly criticized. Volcker's action had the support of President Reagan, who was willing to face short-term unpopularity to fix the economy. Bernanke's task is harder than Volcker's. Volcker stopped the economy dead in its tracks. If Bernanke ends QE, he will stop both the economy and the federal government dead in their tracks.Without QE, the government will be unable to honor its obligations. Non-payment of Social Security or Medicare or federal payroll or welfare checks or retirement checks, or military payroll, etc., etc., would show up almost immediately. That would jeopardize foreign (and domestic) purchases of additional federal debt, exacerbating the problem. Bernanke's second option enables the government to continue operating irresponsibly until market forces eventually stop the profligate behavior. Market discipline would likely be imposed in the form of a collapse of the dollar or raging inflation (or both). Under either scenario, the Obama presidency is destroyed.
  • Gary Edwards on 24 Feb 10
     
    Incredible must read for all Americans. excerpt: By the end of March, Barack Obama's administration will face its destiny, its Brutus a pawn of the fates. In Jimmy Carter's presidency, the Wall Street Journal editorialized about "Ratcheting to Ruin." The title derived from the fact that each cycle high in unemployment was higher than previous ones, and each cycle high in inflation was also. "Stagflation" was the neologism coined to describe what up until then was believed to be impossible in the Keynesian world. This period ushered in a new era in both politics and economics. Carter was replaced by Reagan, and Keynes was replaced by Friedman. Thirty years later, Keynes is back in vogue, Obama has ascended to the White House, and times are reminiscent of the Carter era. The economy is awful. Fear and dissatisfaction prevail. Politicians are held in contempt. There is one major difference -- Carter did not face an "ides of March" event. ..... The problem is bigger than the numbers above might suggest. Budget forecasts show that the problem increases over time. In addition, 40% of existing debt matures in the next year. That means $2.8 trillion of debt has to be refinanced. The Treasury must sell on average $90 billion of debt a week! In five weeks, we need to sell $450 billion. That is equal to the largest full-year deficit in history, at least until Obama's first year. There are no plans to curb spending or cut deficits. President Obama just increased the debt ceiling by $1.9 trillion. To outsiders, we appear like a banana republic with ICBMs. Does anyone seriously believe that funding based on "the kindness of strangers" is workable much longer? ..... If Bernanke stops QE, he fulfills his role as an independent central banker. Presumably, that action stops the decline in the dollar and reduces the risk of future inflation. It was the course that Paul Volcker chose in the late 1970s. Volcker's action was bold, highly controversial, and highly criticized. Vol
1More

MAULDIN: It's All About The Jobs -- And Gold - 0 views

www.businessinsider.com/s-all-the-jobs-and-gold-2011-9 John-Mauldin financial-collapse JOBS Unemployment-U6 gold
shared by Gary Edwards on 04 Sep 11 - No Cached
  • Gary Edwards on 04 Sep 11
     
    But as I live in the real world, I buy gold, even though I am optimistic we'll get through this rough patch; because I simply don't trust the bas*%*ds who are driving this ship with 100% of my money in dollars, or any fiat currency, for that matter. Gold to me is a neutral currency. While the metal looks good over the last ten years (and I became bullish on it in 2002 in this letter), over the last 32 years it has not had all that much luster. Bonds have been much better as an investment. It is all about timing. If I wanted to buy gold for investment or trading, I would simply buy GLD. (It is an excellent vehicle for traders; however, GLD is not what I think of as insurance.) And if I were buying gold as a trade, I would buy it in terms of the euro or yen, which I think are both going down against the US dollar. For those who want to buy larger sums of gold, there is a program that I like backed/sponsored by the state government of Western Australia, called the Perth Mint. You can buy gold certificates that represent actual bullion in vaults in Perth at reasonable prices. While your gold is stored in Perth, you can take delivery if you want and leave the country with no taxes owed. Or you can sell the gold and get cash. You diversify your country risk, have excellent and safe storage facilities, diversify your currency risk (if, like me, you think of gold as a currency), and have a different asset class than traditional portfolios. You can learn more about the Perth Mint at www.perthmint.com. And one of their dealers is an old friend of mine, Mike Checkan of Asset Strategies International. I have known Mike for about 30 years, and he does what he says and shoots straight. He is well-known in the investment information world, with lots of endorsements. You can learn more about his outfit at www.assetstrategies.com or call them toll-free at (800) 831-0007 in the U.S. and Canada, or direct at (301) 881-8600. You can also email them from their web site. Where to buy
1More

Reason Foundation - Out of Control Policy Blog > How Fannie Mae and Freddie Mac Guarant... - 0 views

reason.org/...annie-mae-and-freddie-mac-guar Banksters fannie-freddie
shared by Gary Edwards on 28 Oct 11 - No Cached
  • Gary Edwards on 28 Oct 11
     
    A very brief summary of the way that Fannie Mae and Freddie Mac are continuing to bail out mortgage investors through their guarantee programs. Total bailouts to keep these bankster clowns in business is $169 Billion paid to mortgage investors via GSE's. And climbing. excerpt: When you get a mortgage, the rights to your loan payments are typically sold to a secondary source. There is a lot of debate over whether the originator of the loan should keep some of the risk, but currently they can make a loan, sell it, and basically be done with it unless they have lied about its contents and are forced to by it back down the road. So the mortgage is sold to the secondary market, likely Fannie Mae or Freddie Mac. In fact, the GSEs and FHA bought or guaranteed 95% of all new mortgages in fiscal year 2011! Mind blowing numbers compared to when 40% market share was seen as high in the early 2000s.  The GSEs then take your loan and put it in a package with other loans they buy and sell rights to the mortgage payments in that package (a mortgage-backed security). The investor is buying rights to part of the principal and/or interest payments, depending on the structure of the deal, on your and many other mortgages. 
4More

America's Terrorism Fear Factory Rolls On | The National Interest - 0 views

nationalinterest.org/...orism-fear-factory-rolls-12054 terrorism
shared by Gary Edwards on 23 Jan 15 - No Cached
  • n her review of Risen’s book in the New York Times, Louise Richardson lauds his criticism of “the profligacy of government agencies and the ‘over-sight free zone’ they operated” as well as of “self-appointed terrorism experts” who promote fear “while drawing lucrative consulting contracts for themselves.
  • She is troubled, however, that Risen “makes no mention of the press,” which she considers a key member of the terrorism industry and “at least as guilty as others in his book of stirring up public anxiety for public gain.”             
  • Fear-mongering by officials and by the media is politically (and economically) understandable, but it is also decidedly irresponsible. Especially when public safety is the concern, it is vital to get the threats right and to evaluate counterterrorism measures in a systematic and coherent manner. Money and effort spent to deal with lesser threats is money unavailable for dealing with greater ones.     
  • Gary Edwards on 23 Jan 15
     
    ""Fear sells," points out journalist James Risen in his recent book, Pay Any Price.             There was a great deal of selling on ABC's "Good Morning America" on Friday. Segueing neatly from a report on raids against terrorists in Belgium, host George Stephanopoulos noted that "fears in Europe are matched by growing anxiety here about homegrown terror." He then stoked those anxieties as he introduced a segment on an apparently current "sting operation to stop a radicalized young man planning a deadly attack on our nation's Capitol."            Only at the end of the "exclusive" report, and in passing, was it noted that the plot actually took place three years ago. And nowhere was it pointed out that the man had overstayed his visitor's visa by 12 years (and therefore could have been deported at any time), that he had been evicted from his apartment in Virginia, or that FBI operatives had paid him $5,700 for living expenses and provided him with every scrap of weaponry he possessed. Also unmentioned: FBI informants had promised to pay the man's destitute parents in Morocco up to $1,000 a month after he killed himself in the process of detonating a small (FBI-provided) bomb in a ludicrous mission to bring down the Capitol dome. The average monthly household income in Morocco is less than $600.              It is often assumed that, even without the FBI's aid, a determined homegrown terrorist would eventually find someone else to supply him with his required weaponry. However, as Trevor Aaronson observes in his book, The Terror Factory, there has never "been a single would-be terrorist in the United States who has become operational through a chance meeting with someone able to provide the means for a terrorist attack." Only the police and FBI have been able to supply that service.             In his book, Risen skewers what he calls the "homeland security-industrial complex." American leaders, he
7More

Erdogan Says Will Resign If Oil Purchases From ISIS Proven After Putin Says Has "More P... - 0 views

www.zerohedge.com/...rkey-after-erdogan-slams-claim war & peace Syria oil-smuggling ISIL Erdogan Turkey Russia
shared by Paul Merrell on 02 Dec 15 - No Cached
  • “I’ve shown photos taken from space and from aircraft which clearly demonstrate the scale of the illegal trade in oil and petroleum products,” Vladimir Putin told reporters earlier this month on the sidelines of the G-20 summit in Antalya. Putin was of course referencing Islamic State’s illicit and highly lucrative oil trade, the ins and outs of which we’ve documented extensively over the past two weeks: The Most Important Question About ISIS That Nobody Is Asking Meet The Man Who Funds ISIS: Bilal Erdogan, The Son Of Turkey's President How Turkey Exports ISIS Oil To The World: The Scientific Evidence ISIS Oil Trade Full Frontal: "Raqqa's Rockefellers", Bilal Erdogan, KRG Crude, And The Israel Connection Turkey’s move to shoot down a Russian Su-24 warplane near the Syrian border afforded the Russian President all the motivation and PR cover he needed to expose Ankara’s alleged role in the trafficking of illegal crude from Iraq and Syria and in the aftermath of last Tuesday’s “incident,” Putin lambasted Erdogan. “Oil from Islamic State is being shipped to Turkey,” Putin said while in Jordan for a meeting with King Abdullah. In case that wasn’t clear enough, Putin added this: “Islamic State gets cash by selling oil to Turkey.”
  • To be sure, it’s impossible to track the path ISIS oil takes from extraction to market with any degree of precision. That said, it seems that Islamic State takes advantage of the same network of smugglers, traders, and shipping companies that the KRG uses to transport Kurdish crude from Kurdistan to the Turkish port of Ceyhan. From there, the oil makes its way to Israel and other markets (depending on which story you believe) and if anyone needs to be thrown off the trail along the way, there’s a ship-to-ship transfer trick that can be executed off the coast of Malta. The maneuver allegedly makes the cargoes more difficult to track.  Some believe Erdogan’s son Bilal - who owns a marine transport company called BMZ Group - is heavily involved in the trafficking of Kurdish and ISIS crude. Most of the ships BMZ owns are Malta-flagged.  In light of the above, some have speculated that Turkey shot down the Su-24 in retaliation for Russia’s bombing campaign that recently has destroyed over 1,000 ISIS oil trucks. Here’s what Syrian Information Minister Omran al-Zoub said on Friday:
  • “All of the oil was delivered to a company that belongs to the son of Recep [Tayyip] Erdogan. This is why Turkey became anxious when Russia began delivering airstrikes against the IS infrastructure and destroyed more than 500 trucks with oil already. This really got on Erdogan and his company’s nerves. They’re importing not only oil, but wheat and historic artefacts as well." Al-Zoub isn’t alone in his suspicions. In an interview with RT, Iraqi MP and former national security adviser, Mowaffak al Rubaie - who personally led Saddam to the gallows - said ISIS is selling around $100 million of stolen crude each month in Turkey. Here are some excerpts:  “In the last eight months ISIS has managed to sell ... $800 million dollars worth of oil on the black market of Turkey. This is Iraqi oil and Syrian oil, carried by trucks from Iraq, from Syria through the borders to Turkey and sold ...[at] less than 50 percent of the international oil price."   "Now this either get consumed inside, the crude is refined on Turkish territory by the Turkish refineries, and sold in the Turkish market. Or it goes to Jihan and then in the pipelines from Jihan to the Mediterranean and sold to the international market.”
  • ...4 more annotations...
  • Hilariously, the man who just finished starting a civil war just so he could regain a few lost seats in Parliament and who would just as soon throw you in jail as look at you if he thinks you might be a threat to his government, now says he will resign if Putin (or anyone else) can present "proof": “We are not that dishonest as to buy oil from terrorists. If it is proven that we have, in fact, done so, I will leave office. If there is any evidence, let them present it, we’ll consider [it]."  Hold your breath on that. And so, the Turkey connection has been exposed and in dramatic fashion. Unfortunately for Ankara, Erdogan can't arrest Vladimir Putin like he can award winning journalists and honest police officers who, like Moscow, want to see the flow of money and weapons to Sunni militants in Syria cut off.  The real question is how NATO will react now that Turkey is quickly becoming a liability. Furthermore, you can be sure that the US, Saudi Arabia, and Qatar (who are all heavily invested in the Sunni extremist cause in Syria), are getting nervous. No one wants to see this blown wide open as that would mean the Western public getting wise to the fact that it is indeed anti-ISIS coalition governments that are funding and arming not only ISIS, but also al-Nusra and every other rebel group fighting to wrest control of the country from Assad. Worse, if it gets out that the reason the US has refrained from bombing ISIS oil trucks until now is due to the fact that Ankara and Washington had an understanding when it comes to the flow of illicit crude to Cehyan, the American public may just insist on indicting "some folks." 
  • On Monday, Putin was back at it, saying that Russia has obtained new information that further implicates Turkey in the Islamic State oil trade. “At the moment we have received additional information confirming that that oil from the deposits controlled by Islamic State militants enters Turkish territory on industrial scale," Putin said on the sidelines of the climate change summit in Paris. "We have traced some located on the territory of the Turkish Republic and living in regions guarded by special security services and police that have used the visa-free regime to return to our territory, where we continue to fight them." "We have every reason to believe that the decision to down our plane was guided by a desire to ensure security of this oil’s delivery routes to ports where they are shipped in tankers," he added, taking it up another notch still.  As for Erdogan, well, he "can't accept" the accusations which he calls "not moral": ERDOGAN: TURKEY CAN'T ACCEPT RUSSIA CLAIMS THAT IT BUYS IS OIL LATEST - Erdo?an: Russia’s claim that Turkey bought oil from Daesh is not ‘moral’, such claims have to be proved pic.twitter.com/PZka8MwzpL — DAILY SABAH (@DailySabah) November 30, 2015
  • lars generated by selling Iraqi and Syrian oil on the Turkish black market  is like the oxygen supply to ISIS and it’s operation,” he added. “Once you cut the oxygen then ISIS will suffocate.”   "There isn't a shadow of a doubt that the Turkish government knows about the oil smuggling operations. The merchants, the businessmen [are buying oil] in the black market in Turkey under the noses – under the auspices if you like – of the Turkish intelligence agency and the Turkish security apparatus."   “There are security officers who are sympathizing with ISIS in Turkey. They are allowing them to go from Istanbul to the borders and infiltrate ... Syria and Iraq.”   “There is no terrorist organization which can stand alone, without a neighboring country helping it – in this case Turkey.”
  • Remember, when it comes to criminal conspiracies, the guy who gets caught first usually ends up getting cut loose. It will be interesing to see if Erdogan starts to get the cold shoulder from Ankara's "allies" going forward.
6More

White House threatens to veto 9/11 lawsuit bill - CNNPolitics.com - 0 views

edition.cnn.com/...index.html war & peace 9-11 Saudis legislation sovereign-immunity litigation
shared by Paul Merrell on 20 Apr 16 - No Cached
  • A bipartisan bill to let families victimized by the 9/11 terrorist attacks sue Saudi Arabia ran into sharp setbacks Monday, as the White House threatened a veto and a GOP senator privately sought to block the measure.The move comes as presidential candidates from both parties are seizing on the legislation to score points with New York voters ahead of Tuesday's critical primary there.And it has pit the likely next Senate Democratic leader, Chuck Schumer of New York, squarely against the Obama administration.The White House and State Department are bluntly warning lawmakers not to proceed with the legislation over fears it could have dramatic ramifications for the United States and citizens living abroad to retaliatory lawsuits. The President lands in Riyadh Wednesday for talks with Saudi Arabia over ISIS and Iran at a time of strained relations between the countries, making the bill's timing that much more sensitive.
  • The stepped-up lobbying against the legislation comes as it is coming up against fresh roadblocks on Capitol Hill, with party leaders learning that a GOP senator is objecting to taking up the bill, according to a source familiar with the legislation. The senator's identity has not yet been revealed publicly.Proponents of the measure, for their part, are beginning to intensify their pressure campaign."If Saudi Arabia participated in terrorism, of course they should be able to be sued," Schumer said Monday. "This bill would allow a suit to go forward and victims of terrorism to go to court to determine if the Saudi government participated in terrorist acts. If the Saudis did, they should pay a price."Speaking to reporters Monday, White House spokesman Josh Earnest fired back, warning that it would jeopardize international sovereignty and put the U.S. at "significant risk" if other countries adopted a similar law."It's difficult to imagine a scenario where the President would sign it," Earnest said.
  • The bill, which Schumer and Senate Majority Whip John Cornyn of Texas are pushing, would prevent Saudi Arabia and other countries alleged to have terrorist ties from invoking their sovereign immunity in federal court.Saudi Arabia has long denied any role in the 9/11 attacks, but victims' families have repeatedly sought to bring the matter to court, only to be rebuffed after the country has invoked legal immunity allowed under current law."It makes minor adjustments to our laws that would clarify the ability of Americans attacked on U.S. soil to get justice from those who have sponsored that terrorist attack," Cornyn said of the bill, which is entitled the Justice Against Sponsors of Terrorism Act.
  • ...2 more annotations...
  • As pressure grows on Congress to let 9/11 victims' families pursue their claims against Saudi Arabia in federal court, Saudi officials are quickly pushing back.In a stark warning to members of Congress, Saudi Foreign Minister Adel al-Jubeir warned lawmakers last month in Washington that his kingdom would sell $750 billion in U.S. assets, including treasury securities, if the measure became law, sources familiar with the matter told CNN. The development was first reported in The New York Times.Cornyn, however, dismissed the threat.
  • Presidential candidates were also unmoved. Ahead of the New York primary, former Secretary of State Hillary Clinton and Vermont Sen. Bernie Sanders quickly sought to align themselves with the Cornyn-Schumer bill.After Clinton said in a Sunday appearance on ABC that she had to study the bill and would not take a position, a spokesman later said she backs the bill.Sanders, in a statement Sunday night, announced that he supports the bill and called on the Obama administration to declassify the 28 pages of the 9/11 report that could implicate Saudi Arabia. Other presidential candidates jumped into the fray, including GOP front-runner Donald Trump.Appearing on the Joe Piscopo Show, a New York radio program, Trump evinced no concern about Saudi Arabia's threat to sell off U.S. assets."Let 'em sell 'em," Trump said. "No big deal."Trump added: "Hey, look, we protect Saudi Arabia. We protect them for peanuts. If we weren't protecting them, they wouldn't be there for a week."
  • Paul Merrell on 20 Apr 16
     
    Sounds like the bill would also open the doors to suing Israel for 9-11. Could be interesting because that's where much of the evidence points, incliding the all important answer to the question, qui bono (who benefits).  
3More

Central asset bubbles, currency wars are destroying emerging markets | Sunday Guardian - 0 views

www.sundayguardianlive.com/...re-destroying-emerging-markets economy Fed Bank-of-England European-Central-Bank hdge-funds bubbles real-estate
shared by Paul Merrell on 31 Jan 17 - No Cached
  • as the out-of-control cabal of central banks inflated grotesque asset bubbles in global property, stock, and fixed-income markets? Or are we to believe traditional media’s “fake news” mantra of “it’s different this time?” Well, bad news, folks. It’s never different, not this time, not anytime, never.  Capitalism is being destroyed The US Federal Reserve, the Bank of England, and the European Central Bank have become gargantuan, out-of-control, rogue hedge funds. They are loaded with non-elected academics operating in opaque groupthink bubble chambers, repeating the broken Keynesian economic mantra of “whatever it takes, more debt is good”. They have magicked-up 100s of trillions in debt and guarantees, while the US Federal Reserve has gobbled up over 90% of the US mortgage market. Global stock market valuations are buoyed by stock buybacks, funded by record corporate debt, and enabled by reckless central bank zero-interest-rate policies. Pay no attention to the fact that in the past few years, US stock indices have surged over 70% to new all-time highs, while profits have only risen an anaemic 2%. Today’s record amount of corporate debt is cannibalising corporations, by bringing future earnings forward, which makes future stagnation and collapse into bankruptcy a certainty. For the near term, CEOs will continue to receive record pay packets for out-performing the market, as their stock prices bubble like a rocket ship into outer space, while these actions decimate any long-term growth prospects.
  • In 2005, preceding the credit crisis and the subsequent nationwide property price collapse, US Federal Reserve chairman, Dr Ben Bernanke was asked about risks associated with a dangerous subprime housing bubble that could destabilise the economy.  Bernanke stated that “I disagree with your premise. We’ve never had a decline in house prices on a nationwide basis. So, what I think is more likely is that house prices will slow, maybe stabilise: might slow consumption spending a bit. I don’t think it’s going to drive the economy too far from its full employment path, though.” So, what led to history’s biggest financial crisis in 2006? Too much debt, credit, and leverage—proving that Fed Chair Ben Bernanke was dead wrong. What did we learn? Nothing, a big fat zero. In fact, property prices have recently eclipsed previous 2006 highs, bubbling to frothy new all-time highs, while real wages declined and high-paying jobs have disappeared. 
  • Real estate is an asset but not an asset class because it lacks liquidity. It takes time to sell property and the difference between what a buyer is willing to pay and what a seller is willing to sell for may be huge. For example, a buyer may be willing to pay $750,000, but the seller will only sell at $900,000. In good times, frenzied buyers create “bidding wars” on coveted properties, sometimes rocketing the price 30% above the original offer. This is terrific if you are a property owner or property seller, but not so much if you are a first-time buyer. In bad times, prices collapse and the only price a buyer is willing to pay for the $900,000 home above is $90,000. Great for buyers, but not so great for the owner, who holds a mortgage of $700,000 that must be repaid to a bank.  During these boom times, optimism bias creeps into the minds of buyers, allowing them to pay off the charts, wildly inflated, irrational prices for fear of “missing out”. Optimism bias is a cognitive bias that causes a person to (mistakenly) believe nothing negative could ever happen to them. It is a “close your eyes and buy at new all-time highs” belief system. If the prices collapse, the banks can require more capital. If you do not have more capital, the bank can take your property. If the government wants to increase your taxes, you must pay or they will confiscate your property. In fact, property confiscations are already happening in Greece and Italy.  Commercial and residential real estate are now grotesque asset bubbles ready to explode. 
3More

The Hows and Whys of Gold Price Manipulation - PaulCraigRoberts.org - 0 views

www.paulcraigroberts.org/...s-whys-gold-price-manipulation financial-collapse gold Federal-Reserve-Bankster-Cartel banksters market-manipulation
shared by Paul Merrell on 21 Jan 14 - No Cached
  • The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks’ balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused by the financial crisis.
  • The Fed’s policy of monetizing one trillion dollars of bonds annually put pressure on the US dollar, the value of which declined in terms of gold. When gold hit $1,900 per ounce in 2011, the Federal Reserve realized that $2,000 per ounce could have a psychological impact that would spread into the dollar’s exchange rate with other currencies, resulting in a run on the dollar as both foreign and domestic holders sold dollars to avoid the fall in value. Once this realization hit, the manipulation of the gold price moved beyond central bank leasing of gold to bullion dealers in order to create an artificial market supply to absorb demand that otherwise would have pushed gold prices higher. The manipulation consists of the Fed using bullion banks as its agents to sell naked gold shorts in the New York Comex futures market. Short selling drives down the gold price, triggers stop-loss orders and margin calls, and scares participants out of the gold trusts. The bullion banks purchase the deserted shares and present them to the trusts for redemption in bullion. The bullion can then be sold in the London physical gold market, where the sales both ratify the lower price that short-selling achieved on the Comex floor and provide a supply of bullion to meet Asian demands for physical gold as opposed to paper claims on gold.
  • The evidence of gold price manipulation is clear. In this article we present evidence and describe the process. We conclude that ability to manipulate the gold price is disappearing as physical gold moves from New York and London to Asia, leaving the West with paper claims to gold that greatly exceed the available supply.
6More

​Syria and the Geneva 2 charade - RT Op-Edge - 0 views

rt.com/...syria-geneva-two-charade-015 war & peace Syria negotiations
shared by Paul Merrell on 25 Jan 14 - No Cached
  • In the summertime, people flock to Montreux, Switzerland, to follow the jazz festival. This week, though, the 'performance' is by a positively un-swinging lot, part of the (in theory) very serious Geneva 2 conference on Syria. What is Geneva 2 for? It has nothing to do with 'peace' . It won't yield an international deal to end the Syrian tragedy. The horrible war facts on the ground will remain facts, and horrible; many perpetrators won't be gathering in Montreux. Syrian civil society has not even been invited. And then the whole charade degenerated into pitiful parody even before it started.
  • Meet 'good' and 'bad' Al-Qaeda Time to break it down. Washington ruled that Iran cannot be in Montreux because it supports Assad. It's as simple as that. Washington dictating to the UN is the norm. Washington dictating to the Exiled Syrian 'Opposition' is Also the norm. Everyone is a puppet in this lethal comedy. As for Western spin doctors, they are dizzier than flies over corpses. As Part of the New Western Myth That the Saudi Arabia-Sponsored Islamic Front - Last September Formed Against the US-backed Supreme Military Council - are nothing but 'Al-Qaeda good' , now we have TOP 'Rebels' routinely acknowledging to Western corporate media they are, well, Al-Qaeda. Tens of thousands of foreign jihadis using Al-Qaeda's network of safe houses in Turkey - well, that's not such a big deal. As the Narrative Goes, 'our New friends' in the Islamic Front are just 'conservative Salafi Muslims' . What if they are fond of the odd torture binge and will think nothing of slaying the odd Shiite or Christian? Not such a big deal. As for the 'bad' Al-Qaeda gang - from Al-Nusra Front and Ahrar al-Sham to the Islamic State of Iraq and the Levant (ISIL) - They are on A roll. After all, they are the ones with fighting experience / leverage on the ground. And when push comes to shove, they just run yet another ring around clueless Western necks. Take Ahrar al-Sham. They now lead the Islamic Front - and talk to the Americans. And guess what; they're going to Montreux! The icing on this cake is Takfiri That, Ultimately, Their "interests" are Being Defended by no less than US Secretary of State John Kerry. Washington promoting al-Qaeda? Well, we've seen that movie before.
  • Washington is the Selling Fiction it is 'leading' Geneva 2 to 'reconstruct' Syria. This is utter nonsense. Theoretically - and even that is still extremely debatable - the Obama administration's core interest in Southwest Asia is to negotiate a very complex deal with Iran, which will take most of 2014. Ultimately, this whole charade is between Washington and Tehran. The US Navy will not make Assad 'go' Anytime soon - or Ever; everything so, in Theory, Remains on the table.
  • ...2 more annotations...
  • And everyone else, the UN, the Holy See, the House of Saud, are just onlookers, even as several players, from the EU to India, China and Japan, can think of nothing but finally normalizing everything with Iran. The Syrian government, for its part, will be in Montreux; it had agreed to the conference long ago. Yet President Assad Laid down ; he will not 'Leave' , as President Barack Obama US demanded The. He will not Let the foreign-Sponsored 'Opposition' Take over. And he may even contest the next presidential elections. Assad went for the jugular when he said Geneva 2 Should be About His own 'War on Terror' . Terror, incidentally, widely supported by the West. So under this perspective, even Washington needs Assad not to go. The bottom line is that the only players who really want Assad to go are the House of Saud and the House of Thani in Qatar. Many in the West have now Realized Assad must Fight to Stay 'the Terrorists' .
  • What's even more farcical is what Ford may have told the SNC stalwarts - still subject to much debate across the Middle East. If Ford really Said That Bandar Bush's Strategy has Been A Total Failure (in Fact turning Syria into an Al-Qaeda Hub) then this points to the Obama Administration, for All Practical Purposes, Sharing the Same Objective as Assad's: Fighting 'Terror' . Still, Geneva 2 will not 'Solve' anything. Iran and Russia will keep supporting Damascus. The desert wasteland from Syria to Iraq will keep being occupied by Bandar Bush-supported and Gulf-supported hardcore sectarian jihadis. The war will keep spreading deeper into Lebanon. The government in Damascus won't collapse. The refugee crisis will soar. And the West Will Keep Striking A pose of Being Concerned with 'Terror' .
  • Paul Merrell on 25 Jan 14
     
    What a hoot! Hillary's Free Syrian Army defected to the jihadis after the missile strikes on Syria did not happen. Now Obama and Kerry are trying to sell the spin of "good" vs. "bad" Al Qaeda, a fact that in itself underscores that Al Qaeda are a bunch of mercenaries whose services go to the highest bidder.  
6More

Surveillance scandal rips through hacker community | Security & Privacy - CNET News - 0 views

news.cnet.com/...-rips-through-hacker-community surveillance state NSA NSA-blowback cloud computing mobile devices privacy
shared by Paul Merrell on 06 Aug 13 - No Cached
  • One security start-up that had an encounter with the FBI was Wickr, a privacy-forward text messaging app for the iPhone with an Android version in private beta. Wickr's co-founder Nico Sell told CNET at Defcon, "Wickr has been approached by the FBI and asked for a backdoor. We said, 'No.'" The mistrust runs deep. "Even if [the NSA] stood up tomorrow and said that [they] have eliminated these programs," said Marlinspike, "How could we believe them? How can we believe that anything they say is true?" Where does security innovation go next? The immediate future of information security innovation most likely lies in software that provides an existing service but with heightened privacy protections, such as webmail that doesn't mine you for personal data.
  • Wickr's Sell thinks that her company has hit upon a privacy innovation that a few others are also doing, but many will soon follow: the company itself doesn't store user data. "[The FBI] would have to force us to build a new app. With the current app there's no way," she said, that they could incorporate backdoor access to Wickr users' texts or metadata. "Even if you trust the NSA 100 percent that they're going to use [your data] correctly," Sell said, "Do you trust that they're going to be able to keep it safe from hackers? What if somebody gets that database and posts it online?" To that end, she said, people will start seeing privacy innovation for services that don't currently provide it. Calling it "social networks 2.0," she said that social network competitors will arise that do a better job of protecting their customer's privacy and predicted that some that succeed will do so because of their emphasis on privacy. Abine's recent MaskMe browser add-on and mobile app for creating disposable e-mail addresses, phone numbers, and credit cards is another example of a service that doesn't have access to its own users' data.
  • Stamos predicted changes in services that companies with cloud storage offer, including offering customers the ability to store their data outside of the U.S. "If they want to stay competitive, they're going to have to," he said. But, he cautioned, "It's impossible to do a cloud-based ad supported service." Soghoian added, "The only way to keep a service running is to pay them money." This, he said, is going to give rise to a new wave of ad-free, privacy protective subscription services.
  • ...2 more annotations...
  • The issue with balancing privacy and surveillance is that the wireless carriers are not interested in privacy, he said. "They've been providing wiretapping for 100 years. Apple may in the next year protect voice calls," he said, and said that the best hope for ending widespread government surveillance will be the makers of mobile operating systems like Apple and Google. Not all upcoming security innovation will be focused on that kind of privacy protection. Security researcher Brandon Wiley showed off at Defcon a protocol he calls Dust that can obfuscate different kinds of network traffic, with the end goal of preventing censorship. "I only make products about letting you say what you want to say anywhere in the world," such as content critical of governments, he said. Encryption can hide the specifics of the traffic, but some governments have figured out that they can simply block all encrypted traffic, he said. The Dust protocol would change that, he said, making it hard to tell the difference between encrypted and unencrypted traffic. It's hard to build encryption into pre-existing products, Wiley said. "I think people are going to make easy-to-use, encrypted apps, and that's going to be the future."
  • Companies could face severe consequences from their security experts, said Stamos, if the in-house experts find out that they've been lied to about providing government access to customer data. You could see "lots of resignations and maybe publicly," he said. "It wouldn't hurt their reputations to go out in a blaze of glory." Perhaps not surprisingly, Marlinspike sounded a hopeful call for non-destructive activism on Defcon's 21st anniversary. "As hackers, we don't have a lot of influence on policy. I hope that's something that we can focus our energy on," he said.
  • Paul Merrell on 06 Aug 13
     
    NSA as the cause of the next major disruption in the social networking service industry?  Grief ahead for Google? Note the point made that: "It's impossible to do a cloud-based ad supported service" where the encryption/decryption takes place on the client side. 
6More

Private firms selling mass surveillance systems around world, documents show | World ne... - 0 views

www.theguardian.com/...mass-surveillance-technologies surveillance state surveillance-industry capabilities
shared by Paul Merrell on 20 Nov 13 - No Cached
  • Private firms are selling spying tools and mass surveillance technologies to developing countries with promises that "off the shelf" equipment will allow them to snoop on millions of emails, text messages and phone calls, according to a cache of documents published on Monday.The papers show how firms, including dozens from Britain, tout the capabilities at private trade fairs aimed at offering nations in Africa, Asia and the Middle East the kind of powerful capabilities that are usually associated with government agencies such as GCHQ and its US counterpart, the National Security Agency.The market has raised concerns among human rights groups and ministers, who are poised to announce new rules about the sale of such equipment from Britain.
  • The documents are included in an online database compiled by the research watchdog Privacy International, which has spent four years gathering 1,203 brochures and sales pitches used at conventions in Dubai, Prague, Brasilia, Washington, Kuala Lumpur, Paris and London. Analysts posed as potential buyers to gain access to the private fairs.The database, called the Surveillance Industry Index, shows how firms from the UK, Israel, Germany, France and the US offer governments a range of systems that allow them to secretly hack into internet cables carrying email and phone traffic.The index has details from 338 companies, including 77 from the UK, offering a total of 97 different technologies.
  • The documents include a brochure from a company called Advanced Middle East Systems (AMES), based in Dubai. It has been offering a device called Cerebro – a DIY system similar to the Tempora programme run by GCHQ – that taps information from fibre-optic cables carrying internet traffic.AMES describes Cerebro as a "core technology designed to monitor and analyse in real time communications … including SMS (texting), GSM (mobile calls), billing data, emails, conversations, webmail, chat sessions and social networks."The company brochure makes clear this is done by attaching probes to internet cables. "No co-operation with the providers is required," it adds."Cerebro is designed to store several billions of records – metadata and/or communication contents. At any time the investigators can follow the live activity of their target with advanced targeting criteria (email addresses, phone numbers, key words)," says the brochure.
  • ...2 more annotations...
  • Another firm selling similar equipment is VASTech, based in South Africa, which has a system called Zebra. Potential buyers are told it has been designed to help "government security agencies face huge challenges in their combat against crime and terrorism".VASTech says Zebra offers "access to high volumes of information generated via telecommunication services for the purposes of analysis and investigation".It has been designed to "intercept all content and metadata of voice, SMS, email and fax communications on the connected network, creating a rich repository of information".
  • It is now possible, from a single laptop computer, to locate where a mobile phone is calling from anywhere in the world, with an accuracy of between 200 metres and a mile. This is not done by attaching probes, and it is not limited to the area where the laptop is working from. The "cross border" system means it is now theoretically possible to locate a mobile phone call from a town abroad from a laptop in London.
  • Paul Merrell on 20 Nov 13
3More

Legally required video surveillance - The Washington Post - 1 views

www.washingtonpost.com/...ly-required-video-surveillance surveillance state coerced-video-surveillance
shared by Paul Merrell on 18 Jun 14 - No Cached
  • Chicago Mayor Rahm Emanuel has proposed an ordinance that would compel all gun dealers to video-record sales (“to discourage traffickers and buyers who use false identification”). Presumably the video recordings would have to be kept for an extended time, since future investigations that would use the video recordings could happen years after the sale. A similar New York state bill would require that the videos be kept for one year. Likewise, two weeks ago, Minnesota enacted a law — with much less fanfare — that would require video- or photo recording of people who come to sell cellular phones, with each recording to be kept for at least 30 days:
  • The ostensible focus of the law is on people who sell the phones (presumably in order to deter phone theft), but any video cameras — which “must be turned on at all times” — will also capture all cell phone buyers as well. The Center for Democracy & Technology has more on this statute. Likewise, last year, Minnesota enacted a similar law applicable to people who sell scrap vehicles, presumably aimed at sellers of stolen vehicles. I suspect that, especially if the gun sales videorecording bills are enacted, similar laws will be proposed for sales of alcohol (which is often sold to underage buyers who have fake IDs, or to straw purchasers who are buying on behalf of an underage buyer), for sales of marijuana in places where it has been legalized, for sales of legal substances that are nonetheless potential drug or bomb precursors, and so on.
  • Paul Merrell on 18 Jun 14
     
    And of course it's only a hop from the video surveillance database to the facial recognition database. This is straight out of George Orwell's "1984" novel. Big Brother wants to watch you at all times, whether your conduct is legal or not. But note that because these measures do not discriminate between the lawful and unlawful conduct there's a strong argument that a prohibited Fourth Amendment search and seizure is involved, without particularized suspicion of a particular crime, i.e., without "probable cause." 
4More

How Global Real Estate Giant Profits from Stolen Palestinian Land | Global Research - C... - 0 views

www.globalresearch.ca/...5468990 war & peace Israel Palestine illegal-home-sales RE_MAX
shared by Paul Merrell on 24 Aug 15 - No Cached
  • US-based multinational RE/MAX is marketing properties in illegal Jews-only settlements built on stolen Palestinian land such as Ariel, near Salfit in the West Bank. Keren Manor/ActiveStills Agents working for the US-headquartered real estate giant RE/MAX are promoting themselves as specialists in property built in Israel’s settlements on occupied Palestinian land. The Colorado-based corporation which says it operates in nearly 100 countries was identified as responsible by a 2013 United Nations’ probe for how its Israeli franchises sell houses and apartments in the occupied West Bank. Despite that criticism, many RE/MAX representatives are continuing to handle such property.
  • In fact, all of these “communities” are Israeli settlements inside the West Bank and are illegal under international law. Their construction and growth violates the Fourth Geneva Convention, which forbids an occupying power from transferring its civilian population into a territory that it occupies.
  • Scores of properties in the occupied West Bank (including East Jerusalem) are currently listed as for sale on RE/MAX websites. Some of them are on the market for high prices. RE/MAX is trying to sell a three-bedroom house in Jerusalem’s Old City for $1.7 million. According to RE/MAX, the house was “built over 600 years ago by the Turks.” A video for the same property posted to YouTube by Benzaquen, states that the “light train is just nearby.” That is a reference to a tram network which connects Israel’s settlements in East Jerusalem to other parts of the city. The French corporation Veolia has faced years of criticism and activist campaigns for its large-scale involvement in building the Jerusalem light rail, which Palestinians see as a means of tightening Israel’s grip on their city. RE/MAX’s Colorado headquarters did not reply to requests for comment.
  • ...1 more annotation...
  • The firm has generally kept silent when its activities have been highlighted by Palestine solidarity activists. It did, however, issue a terse statement last year. The statement tried to distance the firm’s headquarters from its Israeli franchise and noted that RE/MAX had reduced the number of its offices in the West Bank. It failed to acknowledge that many of the agents handling property in East Jerusalem and the wider West Bank are working from offices in West Jerusalem. But the company seems to be sensitive to activist criticism that it is involved in selling homes in illegal settlements within the Israeli-occupied West Bank. Searches on the RE/MAX Israel website suggest the company may be engaging in deliberate obfuscation of its West Bank settlement listings.
3More

The Firesale Begins: Greece Is Selling off Its Assets | The Daily Sheeple - 0 views

www.thedailysheeple.com/es-to-sell-greek-assets_072015 banksters Greece austerity islands Buffet
shared by Paul Merrell on 22 Jul 15 - No Cached
  • It’s never been more obvious that Greece has been sold out to the banks. Like many countries before, their nation has been scheduled to endure poverty and chaos, followed by a firesale of their assets. The latest evidence of their nation’s capture by the banks, is the selling of their numerous islands to wealthy buyers. American business magnate, one of the world’s most successful investors, Warren Buffett has reportedly bought the Greek island of Agios Thomas for 15 mln euro, according to the website of the Greek newspaper Proto Thema and became yet another celebrity with his own piece of Greece.
  • If confirmed, this is yet another purchase of a Greek island by a foreign celebrity. Earlier this week Hollywood star Johnny Depp purchased an uninhabited Greek island of Stroggilo for 4.2 mln euro. Of course, the value of these islands is hardly enough to pay down their massive debt, and that’s kind of the point. When the banks own your country, they’re not interested in liberating you from your financial slavery. Before you ever get around to repaying those debts, or defaulting, they’ll use austerity to bring your country to the brink of chaos, and buy up everything for pennies on the dollar, and make a handsome profit as the country recovers on their terms. Prime Minister Tsipras has sold out to these financial interests; and the firesale of all Greek assets, not just their paltry islands, is well on its way.
  • This is how the sovereignty and prosperity of a nation is sucked away by the financial elites of the world. But Greece isn’t the only bank owned nation. The USI (United States Incorporated) has been thoroughly captured by the banking class, and once its usefulness as a war-fighting machine is finished; austerity, riots, and firesales won’t be far behind.
4More

Spy Tech Company 'Hacking Team' Gets Hacked | Motherboard - 0 views

motherboard.vice.com/...mpany-hacking-team-gets-hacked surveillance-state Hacking-Team hacking-the-spies
shared by Paul Merrell on 06 Jul 15 - No Cached
  • Sometimes even the cops get robbed. The controversial Italian surveillance company Hacking Team, which sells spyware to governments all around the world, including agencies in Ethiopia, Morocco, the United Arab Emirates, as well as the US Drug Enforcement Administration, appears to have been seriously hacked. Hackers have made 500 GB of client files, contracts, financial documents, and internal emails, some as recent as 2015, publicly available for download. Hacking Team’s spokesperson Eric Rabe did not immediately respond to Motherboard’s calls and email asking for verification that the hacked information is legitimate. Without confirmation from the company itself, it’s difficult to know what percentage of the files are real—however, based on the sheer size of the breach and the information in the files, the hack appears to be authentic. What’s more, the unknown hackers announced their feat through Hacking Team’s own Twitter account.
  • he hackers composed the tweets as if they were written by Hacking Team. “Since we have nothing to hide, we're publishing all our e-mails, files, and source code,” the hackers wrote in a tweet, which included the link to around 500 Gb of files. The hackers also started tweeting a few samples of internal emails from the company. One of the screenshots shows an email dated 2014 from Hacking Team’s founder and CEO David Vincenzetti to another employee. In the email, titled “Yet another Citizen Lab attack,” Vincenzetti links to a report from the online digital rights research center Citizen Lab, at the University of Toronto’s Munk School of Global Affairs, which has exposed numerous cases of abuse from Hacking Team’s clients. Hacking Team has never revealed a list of its clients, and has always and repeatedly denied selling to sketchy governments, arguing that it has an internal procedure to address human rights concerns about prospective customers.
  • It’s unclear exactly how much the hackers got their hands on, but judging from the size of the files, it’s certainly a large collection of internal files. A source who asked to speak anonymously due to the sensitivity of the issue, told me that based on the file names and folders in the leak, the hackers who hit Hacking Team "got everything." A few hours after the initial hack, a list of alleged Hacking Team customers was posted on Pastebin. The list includes past and current customers. Among the most notable, there are a few that were previously unknown, such as the FBI, Chile, Australia, Spain, and Iraq, among others.
  • ...1 more annotation...
  • The breach on Hacking Team comes almost a year after another surveillance tech company, the competing FinFisher, was hacked in a similar way, with a hacker leaking 40 Gb of internal files. FinFisher, like Hacking Team, sells surveillance software to law enforcement agencies across the world. Their software, once surreptitiously installed on a target’s cell phone or computer, can be used to monitor the target’s communications, such as phone calls, text messages, Skype calls, or emails. Operators can also turn on the target’s webcam and exfiltrate files from the infected device.
3More

Here Are All the Sketchy Government Agencies Buying Hacking Team's Spy Tech | Motherboard - 0 views

motherboard.vice.com/...-buying-hacking-teams-spy-tech surveillance state Hacking-Team hacked
shared by Paul Merrell on 07 Jul 15 - No Cached
  • They say what goes around comes around, and there's perhaps nowhere that rings more true than in the world of government surveillance. Such was the case on Monday morning when Hacking Team, the Italian company known for selling electronic intrusion tools to police and federal agencies around the world, awoke to find that it had been hacked itself—big time—apparently exposing its complete client list, email spools, invoices, contracts, source code, and more. Those documents show that not only has the company been selling hacking tools to a long list of foreign governments with dubious human rights records, but it’s also establishing a nice customer base right here in the good old US of A. The cache, which sources told Motherboard is legitimate, contains more than 400 gigabytes of files, many of which confirm previous reports that the company has been selling industrial-grade surveillance software to authoritarian governments. Hacking Team is known in the surveillance world for its flagship hacking suite, Remote Control System (RCS) or Galileo, which allows its government and law enforcement clients to secretly install “implants” on remote machines that can steal private emails, record Skype calls, and even monitor targets through their computer's webcam. Hacking Team in North America
  • According to leaked contracts, invoices and an up-to-date list of customer subscriptions, Hacking Team’s clients—which the company has consistently refused to name—also include Kazakhstan, Azerbaijan, Oman, Saudi Arabia, Uzbekistan, Bahrain, Ethiopia, Nigeria, Sudan and many others. The list of names matches the findings of Citizen Lab, a research lab at the University of Toronto's Munk School of Global Affairs that previously found traces of Hacking Team on the computers of journalists and activists around the world. Last year, the Lab's researchers mapped out the worldwide collection infrastructure used by Hacking Team's customers to covertly transport stolen data, unveiling a massive network comprised of servers based in 21 countries. Reporters Without Borders later named the company one of the “Enemies of the Internet” in its annual report on government surveillance and censorship.
  • we’ve only scratched the surface of this massive leak, and it’s unclear how Hacking Team will recover from having its secrets spilling across the internet for all to see. In the meantime, the company is asking all customers to stop using its spyware—and likely preparing for the worst.
2More

Are Big Banks Using Derivatives To Suppress Bullion Prices? -- Paul Craig Roberts and D... - 0 views

www.paulcraigroberts.org/...ul-craig-roberts-dave-kranzler banksters gold-silver-market fraud
shared by Paul Merrell on 10 Jul 15 - No Cached
  • We have explained on a number of occasions how the Federal Reserve’s agents, the bullion banks (principally JPMorganChase, HSBC, and Scotia) sell uncovered shorts (“naked shorts”) on the Comex (gold futures market) in order to drive down an otherwise rising price of gold. By dumping so many uncovered short contracts into the futures market, an artificial increase in “paper gold” is created, and this increase in supply drives down the price. This manipulation works because the hedge funds, the main purchasers of the short contracts, do not intend to take delivery of the gold represented by the contracts, settling instead in cash. This means that the banks who sold the uncovered contracts are never at risk from their inability to cover contracts in gold. At any given time, the amount of gold represented by the paper gold contracts (“open interest’) can exceed the actual amount of physical gold available for delivery, a situation that does not occur in other futures markets. In other words, the gold and silver futures markets are not a place where people buy and sell gold and silver. These markets are places where people speculate on price direction and where hedge funds use gold futures to hedge other bets according to the various mathematical formulas that they use. The fact that bullion prices are determined in this paper, speculative market, and not in real physical markets where people sell and acquire physical bullion, is the reason the bullion banks can drive down the price of gold and silver even though the demand for the physical metal is rising.
  • For example last Tuesday the US Mint announced that it was sold out of the American Eagle one ounce silver coin. It is a contradiction of the law of supply and demand that demand is high, supply is low, and the price is falling. Such an economic anomaly can only be explained by manipulation of prices in a market where supply can be created by printing paper contracts. Obviously fraud and price manipulation are at work, but no heads roll. The Federal Reserve and US Treasury support this fraud and manipulation, because the suppression of precious metal prices protects the value and status of the US dollar as the world’s reserve currency and prevents gold and silver from fulfilling their role as the transmission mechanism that warns of developing financial and economic troubles. The suppression of the rising gold price suppresses the warning signal and permits the continuation of financial market bubbles and Washington’s ability to impose sanctions on other world powers that are disadvantaged by not being a reserve currency.
3More

Why Are We So Afraid To Fix Banks The Right Way?* | Clusterstock Henry Blodgett - 0 views

clusterstock.alleyinsider.com/...aid-to-fix-banks-the-right-way finacial-crisis
shared by Gary Edwards on 21 Jan 09 - Cached
  • a debt-equity swap
  • LIF said: Jan. 19, 3:17 PM MY PLAN 1. Mandate a 12-1 leverage cap for all financial institutions to take effect within 180 days. This 12-1 leverage cap has to be calculated using real market prices, not mark-to-model prices. 2. Temporary ban on capital raising by banks – water can’t dilute poison. You eliminate the poison first then add more water. 3. Force banks, etc to reach this 12-1 leverage cap by selling their toxic assets within 180 days via a US Govt Auction. The US Govt will be the Auctioneer but will NOT bid for assets 4. Any bank that is unable to sell sufficient assets to bring it under the 12-1 leverage cap will automatically nationalized by the US Govt at a price of $1. All shareholdrers and bond holders forfeit their assets. This will provide an incentive to the banks/financial institutions to sell these assets. 5. The US Govt will now hold all the toxic assets to maturity - this will prevent private market bidders from low-bidding in (3) above. Private market bidders in essence are being told, you buy the assets during the auction or you will not have another opportunity to buy the assets, as the US Govt will sieze them at an effective rate of ZERO and then hold them to maturity. 6. Any bank that falls under nationalization will also have its CEO, Board of Directors and members of the Management committee for the past 5-10 years disgorge all compensation earned during the past 5-10 years. 7. Create standardized CDS products that traded on an electronic exchange. All non-standard CDS products should be liquidated in the OTC market or swapped into standardized CDS products prior to the commencement of the new CDS exchange. The exchange will commence within180 days. 8. New Mortgage Financing Rules: 20-30% minimum govt mandated down payments. Strict Debt to Income limits, etc. These rules must be codified into federal law. 9. New Credit Card/Auto Finance rules: strict rules on the amount of credit card/Auto finance debt available to consumers.
  • Gary Edwards on 21 Jan 09
     
    You don't have to subsidize banks and their stakeholders at taxpayer expense to avoid another Lehman.  You just have to fix the banks the right way. What's the right way? * Temporarily seize the banks * Write their assets down to nuclear-winter levels (or, if desired, put them in a big bad bank, as Sheila Bair wants to do.) * Convert enough of their debt to equity to put them in a strong capital position. That's it.  No taxpayer money.  No citizen outrage.  No comical "Yes, we're lending" assurances when what the banks are really doing is, sensibly, hoarding everything. We could do this to Citigroup and Bank of America tomorrow afternoon, and on Wednesday morning, two of our biggest banks would be rock solid (they could also still be publicly traded, under the same ticker symbols, with different shareholders). 
‹ Previous 21 - 40 of 284 Next › Last »
Showing 20▼ items per page