Tag Archives: crime

Business/Economics, International, U.S.

World War 3: Russia about to pay off debts to Iran, announces financing deal to help Iran avoid U.S. & EU sanctions!

“The problem of the Iranian LCs [Letters of Credit] created by the U.S. and western states’ sanctions against the banking system (of Iran) can be solved by using the banks operating in the Russian regions.”-Alexander Vitalivic, Russian Head of the Iran-Russia Regional Cooperation Workgroup

17 July 2012, Russian officials announced, at the Iran-Russia Regional Cooperation Workgroup meeting, that Russia is willing and able to help Iran avoid any bad economic effects from U.S. and European Union sanctions!

“The presence of small and medium size banks and financial institutions of the (Russian) regions (on the scene of transactions with Iran) will be useful for motivating an increase in exchanges and preventing decrease in exports.”-Alexander Vitalivic

Also, Russian Head of Iran-Russia Joint Trade Council, Yuri Papoyev, announced that Central Bank of Russia (CBR) is ready to make due payments to Iranian parties: “After meetings with the Russian Central Bank officials, they agreed to make due payments and open LCs [Letters of Credit] for Iran in the least time possible.”

Business/Economics, International, U.S.

LIBOR: Barclays says order to rig rates came from Bank of England. Governments calling the shots!

“…unprecedented degree of government intervention in the financial system…..not the first time LIBOR had come up….It didn’t seem an inappropriate action given that it was coming from the Bank of England.”-Jerry del Missier, statements made to U.K. Parliament

16 July 2012, former chief operating officer of Barclays, Jerry del Missier, told a parliamentary committee that the ‘order’ to manipulate interest and currency rates came directly from the Bank of England!

The Bank of England (BoE) is the central bank of the United Kingdom, similar to the U.S. Federal Reserve Bank.  Missier referred to the “lowballing” order from central banks as “…a time when governments were tangibly calling the shots“.

Missier, from Canada, quit his job at Barclays just hours after chief executive, Bob Diamond, resigned.

The LIBOR scandal now involves dozens of Too Big to Fail banks around the western world, and Japan’s TIBOR and European Union’s EURIBOR. The scandal involves banks in North America, Europe and Japan (the regional members of the Trilateral Commission).

And don’t blame Obama, this started under the Bush Jr administration!

Check my blog for other LIBOR reports.

Business/Economics, Opinion, U.S.

What Economic Recovery? More proof the Elites are out of touch: Continue to be shocked over reduced consumer spending!

“The retail sales numbers were terrible, especially if you factor in that gas prices were lower than what we had been experiencing. It’s disappointing to see that even though (consumers) weren’t spending more on filling up their gas tanks, they weren’t turning around and spending that money elsewhere.”-Kim Forrest, Fort Pitt Capital Group

Can you say: No Shit Sherlock!

16 July 2012, for the third month in a row the average person in the United States has cut back on spending.  The oblivious elites are shocked because, gee, gas prices are down.

What the out of touch priests and money changers of the great crony capitalist Temple don’t realize, is that they’ve squeezed so much money out of the system that the average “consumer” doesn’t have any more disposable income to spend, even with reduced gas prices!!!

International, U.S.

Military Incompetence: USN fired on an Indian fishing ship in the Persian Gulf. 1 killed, 3 wounded.

U.S. and United Arab Emirates (UAE) officials confirm that a U.S. Navy ship shot at an Indian fishing ship off the coast of UAE.

The U.S. 5th Fleet says personnel of the USNS Rappahannock fired a .50 caliber (12.7 mm) machine gun at a small boat. They claim the fishing boat was warned to stay away.  One man on the fishing boat was killed, three men wounded.

Business/Economics, International, U.S.

Class Warfare & What Economic Recovery? Israeli protestors set government building on fire

“I hope this helps. There are protests all the time, and nothing ever happens.”- Inbar Paz, frustrated protester

15 July 2012, in retaliation for conditions which led to an Israeli army reserve veteran setting himself on fire, Israeli Social Justice movement demonstrators attacked a government building.

It’s being reported that more than 2,000 Israelis attacked the Israeli National Insurance Institute, trying to set it on fire, and painting the slogan, Price tag Moshe Silman, around the entrance.

57 year old Silman is in critical condition with 94% of his body burned, after he set himself on fire on 14 July 2012.  He was protesting his life long hard work and tax paying in Israel, only to get no help when he became unemployed after having a stroke.

Before burning himself Silman said that Israel “…..robbed me of everything and left me with nothing.”

Protests are taking place in Tel Aviv, Jerusalem, Haifa and Beershaba.

Since the 1970s Israel has become the top receiver of U.S. taxpayer funded grants, most of which goes to buying weapons. Under the Bush Jr administration it jumped to $3 billion USD per year, and the current Obama administration is continuing that trend!

International, U.S.

World War 3: U.S. occupation of Afghanistan; 12 July – 15 July. 1,800 U.S. backed Afghan troops killed in 3 months!!! Proof the U.S. occupation is a failure! Deadly 14 July! Mujahideen offered political offices.

15 July 2012

In Logar Province, early morning coordinated attacks wound at least 20 people.

In Parwan Province, local officials say several Mujahideen were killed in battles with Afghan government forces, at least three Afghan troops wounded.

Former Afghan National Directorate for Security chief, Amrullah Saleh, revealed that 1,800 Afghan government troops have been killed in the past three months, along with 4,000 Afghan troops being wounded!!!

Amurullah Saleh says it is a direct result of the Mujahideen Spring Offensive!  He added that what is going on in Afghanistan is all out Civil War, the United States has not done anything to stop such violence, but is only making things worse!

Recently Afghan President, Hamid Karzai, said 20 Afghan soldiers are being killed every 24 hours fighting for the U.S. occupation!

14 July 2012

In Herat Province, at least three Italian occupying troops were wounded when the armored vehicle they were in drove over a mine.

Also in Herat Province, the mayor of Shindand district was assassinated. He was shot in front of his house by Mujahideen.

International Security Assistance Force (ISAF) said a U.S. led occupation troop “…died following an insurgent attack in eastern Afghanistan today.”

In Kandahar Province, a government security boss was assassinated. He was shot while on his way to work.  No one knows who did it.

Also in Kandahar Province, a firefight left three civilians and three Mujahideen dead.

In Samangan Province, at least 25 people killed, including a dozen government officials, and 60 people wounded, when a wedding was hit by a suicide bomber. The wedding was being held at a hotel because of the number of guests. Witnesses say the bomber blew himself up as the government officials gathered in front of the hotel.

The Afghan Interior Ministry claims “Afghan forces launched the operations in Kandahar, Helmand, Zabul, Logar, Ghazni, Paktia, Herat, Bamyan, and Baghlan provinces, killing 40 Taliban [Mujahideen] militants over the past 24 hours.”

13 July 2012

ISAF said a U.S. led occupying troop “…died following an improvised explosive device attack in southern Afghanistan today.”

In Helmand Province, local officials discovered that Afghan security identification cards are being given to Iranian and Pakistani spies.

In Laghman Province, the provincial women’s affairs chief was assassinated by explosion. Her husband was also killed, her two children are wounded.

12 July 2012

In Oruzgan (Uruzgan) Province, two Australian occupying Diggers (soldiers) were wounded when their Bushmaster drove over a mine.

Afghan President Hamid Karzai has asked Mujahideen leaders to stop the Civil War and run for political office: “The foreigners are leaving, so come and talk to us. Political parties can have their offices and say what they want about the government. Put down your guns and open an office.”

In Helmand Province, two people killed, two wounded after they drove over a mine.  Also, a reporter working for BBC was killed in the same area.

 

 

 

 

Business/Economics, International, U.S.

Class Warfare & What Economic Recovery? Israeli Zionist Elites make life hell for average Israeli; one man sets himself on fire to prove it!

“I can’t afford medication or rent. I paid millions in taxes, I served in the army and in the reserves until I was 46. I won’t be homeless and that is why I am protesting against all the wrongs Israel imposes on people like me.”-Moshe Silman, set self on fire

This statement against the Israeli government is not from an Arab, but an Israeli!

Silman is now in critical condition with 90% of his body burned.  He set himself on fire in Tel Aviv, at one of the many anti-elitists protests, which are rapidly spreading throughout Israel.

“He was a completely normative person, who lived in Tel Aviv, but then his business went under. He became a cab driver and suffered a stroke, which left him unemployed.”-Ofer Barkan, Israeli Social Justice movement

14 July 2012 was the first anniversary of the Israeli Social Justice demonstrations.   At least 10,000 people took part in the anniversary demonstrations.

By the way, all those taxpayers in the United States should remember that every year their government gives away hundreds of billions of their money to the Zionist Elitist government of Israel, and it all goes to weapons and in the pockets of the zionist elites.

International, U.S.

Government Incompetence & World War 3: Clinton attacked with tomatoes and shoes in Egypt! Even Egyptian Christians denounce the United States!

“We are, first of all, opposed to the American visit to Egypt. Why? Because they (Americans) are trying to put pressure on the new presidential institution. And we fundamentally cannot accept any interference in Egyptian affairs!”-Protester attacking Hillary Clinton

15 July 2012, U.S. Secretary of State Hillary Clinton met with Egyptian Field Marshal Hussein Tantawi, supposedly to convince the junta to turn government power over to the newly elected Egyptian President (at least that’s the official report by Chock Full o’Crap western media).

But the Egyptian people (90% Muslim) are not buying that claim, especially since after the meeting Tantawi continues to say he will not give power to anyone who is a member of the Muslim Brotherhood.

In Alexandria protestors threw bottles, tomatoes and shoes at Clinton’s motorcade. Similar protests were held at the Cairo hotel where she was staying Saturday night.

The elected President is the first Egyptian President not connected to the military since 1952.  He is a member of the Muslim Brotherhood.  Reports say the Obama Administration is asking the junta to go easy on the Muslim Brotherhood, and this has Egyptian Christians upset.

Coptic businessmen and church leaders have issued written objections to U.S. melding in Egyptian politics.   Looks like the U.S. is damned if they do and damned if they don’t in Egypt.

 

 

 

Business/Economics, International, U.S.

LIBOR: Geitner & Paulson knew of rate fixing! British banks confirm. More proof the Too Big to Fails destroyed the economy, and regulating officials went along with it!

“As much as $800 trillion in financial products are pegged to LIBOR, so any manipulation of this rate is of serious concern!”-U.S. Representative Randy Neugebauer, House Financial Services Subcommittee on Oversight and Investigations

14 July 2012, current United States Secretary of the Treasury, Timothy Franz Geithner, knew of illegal interest and currency manipulation by LIBOR while he was chairman of the Federal Reserve Bank of New York (a privately run bank).

According to recent reports, in 2008 a Barclays employee told Geitner “…we know that we’re not posting um, an honest…” rate. The unnamed employee then went on to explain that Barclays just wanted to “…fit in with the rest of the crowd.”

An interesting statement since Barclays is actually an international banking leader!

“I wish I could say I’m shocked, because it is shocking. But regulators have not been particularly effective or aggressive in the past two decades of finance.”-Frank Partnoy, University of San Diego School of Law

The latest reports say officials with the U.S. Federal Reserve Bank knew of such rate fixing back in 2007: “In the context of our market monitoring following the onset of the financial crisis in late 2007, involving thousands of calls and e-mails with market participants over a period of many months, we received occasional anecdotal reports from Barclays of problems with LIBOR.”-New York Federal Reserve Bank statement

In April 2008, a Barclays employee told the New York Federal Reserve: “…where I would be able to borrow without question it would be higher than the rate that I’m actually putting in.”

Geitner notified government officials, including the U.S. Department of the Treasury (then run by Hank Merritt “Hank” Paulson Jr under President George Bush Jr). Seemingly no one was concerned, because nothing was done to stop it.

On 13 July 2012, the Bank of England (BoE) admitted to getting a letter from Geitner, back in June 2008. The letter kindly asks the British controlled LIBOR to “…eliminate incentive to misreport.”

BoE responded simply by saying Geitner’s request “seem sensible”.

Since last year, the number of Too Big to Fail banks being investigated has grown to several dozen! The scandal involves banks in North America, Europe and Japan (the regional members of the Trilateral Commission).

 

Business/Economics, International, U.S.

LIBOR: Too Big to Fail interest rate fixing investigation focusing on Japan’s TIBOR. EU officials been investigating quitely since last year! Bigger than first told, ever hear of EURIBOR? More proof the bad economy is the fault of the Too Big to Fails!

 “The story is quite shocking and brings us back to the banking industry’s most irresponsible behavior of the past!”– Joaquin Almunia, Vice-President of the European Commission, and Commissioner responsible for competition

14 July 2012, a top European Union official has admitted that the recent LIBOR scandal involving top British & U.S. banks, also involves top Japaneses and European banks, and government officials knew about it.

LIBOR, or London Interbank Offered Rate, is an interest rate charged to other banks, and is done on behalf of the British Bankers’ Association in London, England, U.K.

As of 2008 there were 60 international banks, including U.S. banks, beholden to the LIBOR.

Japan has their own version called TIBOR (Tokyo Interbank Offered Rate). The European Union has their version called EURIBOR (Euro Interbank Offered Rate).

EURIBOR is based in Belgium and involves at least 43 international banks.

EU Vice President, Joaquin Almunia, says his investigation into international interest rate fixing, as well as currency value fixing, began last year. It’s starting to look like the Too Big to Fails formed illegal cartels to favor a few and screw over the rest of us: “The alleged rate rigging is a major competition concern. This is why we started investigating a number of banks last year for their possible concerted manipulation of (interest rate) benchmarks such as LIBOR, EURIBOR and TIBOR, the Tokyo rate, for several currencies. The investigations have top priority because this sort of collusion can seriously harm competition worldwide and on our continent, in particular.”

In Japan the TIBOR scandal is making waves.  On 06 July 2012, it was revealed that in June the Royal Bank of Scotland (RBS) pulled out of TIBOR.  RBS is one of the banks under investigation.

UBS and Citigroup also withdrew from TIBOR earlier this year. They are also suspects.  As of 06 July there were three non-Japanese banks still involved with TIBOR; JP Morgan, BNP Paribas and Deutsche Bank.

On 13 July, it was reported in the Japanese news media that the Japanese Bankers Association began investigating how interest rates and currency manipulations are arrived at by TIBOR.

It was also revealed that Japan’s Financial Services Agency fined Citigroup and UBS for such manipulations, last year!  Japanese officials are saying that there’s no proof (so far) that Japanese banks were directly involved in illegal activities.

However, a top Japanese bank has put their London, U.K., employees on notice.  Bank of Tokyo-Mitsubishi UFJ has essentially put its two currency traders in London under house arrest!  The reason is that they are suspected of involvement in the British based LIBOR scandal.

Since last year, the number of Too Big to Fail banks being investigated has grown to several dozen! The scandal involves banks in North America, Europe and Japan (the regional members of the Trilateral Commission).

Check my blog for other LIBOR reports.