Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts

Tuesday, November 6, 2012

The World Calls the FED’s Bluff: Give Us Our GOLD Back! AND the $43 TRILLION Bankster Lawsuit

Author : Miles Franklin, Ltd
Published: November 5th, 2012 

Andy Hoffman & Bill Holter talk to the SGT Report about the missing 9/11 gold and the end game for the FED as the world calls the Federal Reserve’s bluff and demands their GOLD back!

In Part 2: Spire Law Group’s $43 Trillion Bankster Lawsuit and the 2012 Obamney Presidential election which promises to deliver NO REAL CHANGE.

Andy gives us the final word on physical gold and silver: Buy Low, Buy High, Sell Never!


The World Calls the FED’s Bluff: Give Us Our GOLD Back! – Andy Hoffman & Bill Holter [PT 1] 


 $43 TRILLION Bankster Lawsuit & Obamney 2012: No Real Change – Hoffman & Holter [Pt 2]
 

Sunday, November 4, 2012

BLACK PROJECTS : FOLLOW THE MONEY












"What follows is true to the best of my knowledge. What is also true is that while these things are and have been happening there are higher forces stopping their plans from coming to fruition. The dark ones are not omnipotent. At the heart of all this is the knowledge by the cabal that this solar system is changing, and this earth is moving to 4th and 5th density vibrations of reality. The cabal, negative ETs, and other groups cannot continue to have control once humanity awakens, and further once earth hits 5th density they lose all ability to deceive human beings.  

There's been an ongoing attempt to forestall ascension of humanity, and a concerted effort to create as much misery and suffering upon innocent humanity to perpetuate the existing 3D negative energies from which the high level controllers of this drama feed. They seek to reinforce their synthetic reality divorced from The Source of All. Never lose sight of the fact that all this depends on and is driven by need for human 3D negative energy - and that should tell you something of the creative power that lies yet largely unrecognized in humanity.  Just think what we could do if that energy from 6 billions souls was used positively and consciously so!" -American Kabuki


Saturday, 03 November 2012 05:46
Written by Kerry Cassidy
http://projectcamelotportal.com/kerrys-blog/1404-black-projects-follow-the-money

The Truth Behind the Matrix

Note: the following report was written to accompany White Hat Report #48 which has as of this date been delayed and may possibly never see the light of day due to either quiet coercion behind the scenes or outright threats to the life of certain members of the group known as “The White Hats” who publish reports on a fairly regular basis revealing financial corruption at the highest levels of government specifically in the U.S. but also involving other world powers and players.

I have therefore decided to release my portion of the report without #48 so that the truth may at least be told with regard to what lies behind that report. For more information about #48 please see the following transcript and audio from my recent radio show conversation with “Tman of the White Hats” concerning this report.

Project Camelot and many other individuals and researchers have been investigating the range and depth of this vast conspiracy underground, beneath the perception of the masses i.e. the reality beneath the Matrix for many years. As most readers will know, the concept of the Matrix (the surface fabrication of our reality) is known and was popularized by the movie of the same name. This, now, is common knowledge.


Taking the red pill or the blue pill is ultimately what you do when you read this report or should you decide you aren’t interested in waking up to the reality of what is going on under your feet (literally) and prefer to go back to sleep. So this is the choice you have. 

The Secret Space Program

The trail of the Octopus, also known as the Shadow Government can be detected by following the money. PUREHEART INVESTMENTS is the top tier of a network of front companies and trading programs that result in vast sums of money being earned. Money earned on money. The White Hats have followed the money and that rabbit hole ultimately leads to BLACK PROJECTS. Black Projects are called “black” because they are hidden, that is, in the dark. These projects are part of a clandestine network run by the Shadow Government also known as The Secret Space Program.




As a recent Project Camelot witness, physicist and author, Richard Alan Miller, said so succinctly to the audience at his latest workshop, “There are two human civilizations on Earth. One that has space travel and one that does not.” The ones that do, are part of a vast network going off-world and into Space called for simplicity’s sake “the secret space program”.

Rhodes scholar finalist and historian Rich Dolan calls this a “rogue civilization” and in fact that is exactly what it is, what it has become. Regardless of how it started out. In Volume II of his highly regarded and substantial history UFOs AND THE NATIONAL SECURITY STATE, Rich writes, …”Six decades of classified expenditures (and other forms of secret spending) have provided ample resources to apply principles and technologies that have remained sealed off from the rest of humanity. This development alone is enough to justify the greatest secrecy.”

What has become evident is that The Secret or Shadow Government established the Secret Space Program and Black Projects by virtue of having access primarily to two important advantages, backed by the might of the military industrial complex: money and ET technology.
 

A Word About the History of ET Technology Acquisition

It is known that Tesla was himself, was aware that he was ‘in contact’ with an unknown race of off-planet beings who downloaded to him the key concepts behind certain technology. In describing the history of our interaction with off-world (and inter/intra dimensional races and the acquisition of special technologies, you can, for example, go back to the days of Eisenhower and his famed meeting with at least 2 groups of ETs (Greys and Nordics) at Muroch Air Force Base (now known as Edwards Air Force Base). However, that is just one of many places to start. From all indications, …”we are not alone and we have never been alone”, to quote Command Sergeant Robert O. Dean, a whistleblower who violated his security oath in order to inform the people regarding the truth behind the reality of ET visitation.

Another logical place (well documented by scholars and researchers such as Jim Marrs (THE FOURTH REICH) and Joseph Farrell, (author of SAUCERS, SWASTIKAS AND PSYOPS: A History of A Breakaway Civilization: Hidden Aerospace Technologies and Psychological Operations), is to go back to the days of the Nazis and the establishment of the German high command. They made contact with a race of ETs through the Vril Society (a small group of women who were “channeling”). The Nazis are also said to have conducted careful research into the flying saucers of India called Vimanas (chronicled in the great writings such as the Upanishads etc). They are also known to have confiscated and horded hidden archeological records and relics of inestimable value for scientific study… Because of this, Nazis made huge leaps forward into technologies involving space and time travel. (see the Nazi Bell and Camelot interview with Igor Witkowsky).

The Fourth Reich

The preface to Jim Marr’s book, THE FOURTH REICH states, …”At the end of World War II, ranking Nazis, along with their young and fanatical protégés, used the loot of Europe to create corporate front companies in many countries, worming their way into corporate America. They brought with them miraculous weapons technology that helped win the space race. But they also brought their Nazi philosophy based on the authoritarian premise that the end justifies the means—including unprovoked wars of aggression and curtailment of individual liberties—which has since gained an iron hold in the “land of the free.”

From the advent of Project Paperclip at the end of WWII Nazi scientists, engineers and military officers were repatriated to at least 3 countries: United States, Russia and Argentina (and very possibly others) the takeover and infiltration of our government began. With those former Nazi scientists and military officers came the access to new technologies that aided in the creation of a new American Space Program, which, as a result, was many jumps ahead of the rest of the world. According to Camelot witnesses the secret space program now contains technology possibly as much as 10,000 years in advance of the public sector.

Rule by secrecy was already well in affect as evidenced by the creation of an organization known as MJ-12 under the Truman administration. According to the original MJ-12 documents… “the Majestic 12 (Majic 12) group … was established by secret executive order of President Truman on 24 September,1947, upon recommendation by Dr. Vannevar Bush and Secretary [of Defense] James Forrestal.” [for more info see the Wikipedia link here].

It is also worth mentioning the famous statement by Eisenhower who felt it necessary to warn America when leaving office. He said, “In the councils of government, we must guard against the acquisition of unwarranted influence, whether sought or unsought, by the military industrial complex. The potential for the disastrous rise of misplaced power exists and will persist.”… see LINK to watch the complete speech on video: http://www.youtube.com/watch?v=8y06NSBBRtY
Needless to say this warning went unheeded.

From then on, we have witnessed the growth and manifestation, in secret, behind closed doors and within the halls of Government,, of a cancer so pervasive that at this time it will be a massive challenge to eliminate, let alone describe it in all its aspects so that it can be dismantled and/or redirected to serve the people rather than control and use them for its own purpose.

Once the roots and origin of this “octopus” or cancer and the strangle hold over our government (and arguably the governments of the world) is exposed, then figuring out how to deal with it becomes the real challenge. This is where this latest White Hats Report is leading us. The evidence is on the table… What you do with it is up to you.

The Why Behind Black Projects

Although it is crucial to describe the emergence and history behind the creation of this rogue civilization with Space Travel also known as the Secret Government or Secret Space Program, it has already been covered by many authors over the years and comprises scholarship far surpassing the limits of this report. The reader is encouraged to follow that part of the trail (a partial list of videos and source material is listed at the bottom of this report). However, for the purposes of this report, we will concentrate on the WHY.

Asking why the Secret Space Program was created and continues to be SECRET also has its place. And the answer has also been addressed over the years in books by various authors who outline the state of the U.S. government leading up to and after WWII and why they came to the conclusion that RULE BY SECRECY was the preferred method of control by this group. (see Rich Dolan’s volumes, UFOS AND THE NATIONAL SECURITY STATE VOLUMES I & II for more on this…) Suffice to say, that we are talking about a group or a government that even prior to WWII was fully invested in the Nazi philosophy and lineage to the extent that there is plenty of evidence (see Jim Marrs, Joseph Farrell and more) that the Nazis and rise of Hitler was funded at least in part by the Bush family.
What has become clear is that the structure of the U.S. government became infiltrated at every level even prior to WWII as the Bush family members and specifically Bush Sr. rose to positions of power, first as head of the CIA and then as President. This “cabal” has coalesced into what is now commonly known as the “Bush Cabal”.

The rise of the Bush Cabal and the infiltration and takeover of the U.S. military industrial complex by the Nazis is again well documented. The Shadow or Secret Government has grown in leaps and bounds since WWII whose primary raison d’être became the Secret Space Program. This program involved Black Projects that used newly invented and acquired technologies with the help of various treaties and relationships over time with various ET races, both on and off planet “races” of beings. This is the world we will attempt to describe: the world of BLACK PROJECTS, why PUREHEART was created and ultimately where the money funneled through PUREHEART goes…

In essence, it would appear, funding this breakaway society or civilization has become the primary preoccupation of the rulers, specifically in America, headed by the Bush Cabal. This, as we shall see, is of great importance to you the reader, as well as to those who “serve” this Cabal.

AGENDA behind the Black Projects 

This is a short list of what this rogue civilization or program wants to achieve:

1. Control and rule by secrecy of the United States and ultimately the world.

2. Control and rule of the Solar System and beyond. This includes the terraforming of planets including moons, for example of Jupiter and Saturn. As well as the established bases on the moon and Mars, the Command and Control center in Phobos and the emergence of Solar Warden, the interstellar space fleet already fully operational. This includes non-terrestrial officers and fleet-to-fleet transfers of equipment and troops. (see Gary McKinnon Camelot interview for more on this).

3. The creation of a “Master Race” or Humanity 2.0 that will then go on to rule planets and travel the stars. This involves, nanotech, bioluminescence, robotic implants and a host of other technologies… all aimed at creating the Ultimate “superman”.

4. The domination over other space faring civilizations or at the very least the capability to be a “force to be reckoned with” regardless of the level of development of friend or foe whether encountered ‘out there’ or visiting our Earth. Including those that inhabit inner Earth or races that simply live hidden in undersea and underground bases within the Earth and inter / intra dimensionally.

5. The re-terraforming of the Earth and eventual reduction of the population of surface Earth down to around 500 million. (see Georgia Guidestones and Iron Mountain Report for more info on this…)

6. The use and acquisition of technology to maintain their edge and power in all the above.
This covers the most basic parameters of the raison d’être or MO (modus operandi) for the creation and maintenance of the Secret Space Program.

With that in mind, let’s look at how they go about achieving such far-reaching goals. And that brings us to the Black Projects themselves. It is beyond the scope of this article to address every Black Project they are working on (or have worked on over the years). Suffice to say, what we can address are several of the top Black Projects that will give us a very good idea of what arenas they are working on, so that you, the People and those in positions of responsibility within the power structure, can begin to understand where your money is going and what you are supporting.

The Providence of Information

Before we address the different topics the Black Projects cover let’s deal with where this information comes from with regard to those projects. That is, how do we know? We know because of the many whistleblowers both public and behind closed doors who have come forward to reveal the levels and depth of the secrecy and who give testimony and sometimes hard evidence in the form of technical specs, documentation and even tangible evidence i.e. technology and other evidence (photos, films, etc).

In other words, we are indebted to those who have worked on these PROJECTS who have either escaped, been let-go or retired from or in some cases, communicated from inside. Those who are still employed by the SECRET GOVERNMENT leak information to individuals and organizations around the world. (see Project Camelot for one example). Some evidence has also been obtained from law enforcement, FBI, and other alphabet agencies and military (that is, surface military who have stumbled on evidence either by accident or intention that begins to reveal a particular PROJECT.

Which leads to the question of who to believe and what to believe even when it is staring you in the face. Ultimately, it is through the triangulation and simple multiplication of reports coming from individuals or places unrelated to each other (in other words, people who don’t know each other). Individuals coming forward often at totally different times and places with the SAME or SIMILAR information LEADING IN A DIRECTION which after further investigation may lead to the SAME PLACE or CONCLUSION.

So it is a given that information can and is suspect until further substantiated, but once it has been substantiated time and time again over the years… a picture can and does EMERGE.

The Black Projects in Short

So what are at least some of those primary BLACK PROJECTS that our SECRET GOVERNMENT has been involved in FUNDING and committing resources to, including HUMAN RESOURCES over the years?

1. MK ULTRA MIND CONTROL OF HUMANITY including but not limited to:

A. Microwaves, scaler waves, EMP and more
B. Programming through TVs, radios and internet, media
C. Programming through education, religious institutions etc.
D. Music and art forms (i.e. Rock music see Peter Levenda for more on this)
E. CIA and NSA use of electronics, hypnosis, drugs, neural linguistics etc
F. Food and atmosphere alteration, additives
G. Chemtrails : a vast program underway with many purposes
H. Drones & surveillance of all kinds

2. UNDERGROUND BASES AND CITIES

For use in the future and now in case of :

A. Nuclear winter/fallout
B. CMEs (Coronal Mass Ejections) or EMP (electro magnetic pulses – events from the Sun (super storms)
C. Labs: to explore uses of and discovery of new technologies and to house and store those working on the discoveries of technologies and to store (hide) technologies and products of such from “the People” and other rival governments and ET races..
D. EARTH CHANGES: To prepare and use as shelter in the advent of major Earth Changes involving Earthquakes, Meteor showers, Tsunamis, Volcanoes, High velocity Winds, Electromagnetic Storms, etc.
E. Prepare and shelter during POLE SHIFTS (magnetic) or POLE REVERSALS aka Day After Tomorrow scenario
F. INCOMING PLANETOIDS/ METEORS and ELE (extinction level events)
G. As a place to house all BLACK PROJECTS and the evidence thereof
H. To house and create or build: ARMIES OF SUPER SOLDIERS (both human and non-human, androids robots etc. (see below and the Camelot interviews with Duncan O’Finioan, Aaron McCollum and Pete Peterson)
I. To establish a secret military
J. To build weapons and SPACE CRAFT for use in space travel and wars with various unfriendly ET races whether visiting or terrestrial both undersea and in residence here on Earth surface or underground.
K. For experimentation on Humans including but not limited to MIB abductions working in collusion with Grey ETs. Farming of human body parts and fluids to “feed” reptilian ETs and reptilian based races such as some Greys. (see Dulce material for more on this).
…and much more

3. WARFARE : Building weapons for space war, starwars, biowarfare, satellite grids, nanotech, nano satellite grids operated by an AI involving SKYNET (a centralized AI possibly known as MOTHER) for use in ALL OF THE ABOVE in other words in MIND CONTROL, WEATHER WARS, WARS WITH INVADING AND RESIDING HOSTILE RACES both human, ET or off worlders (who may look human or not) or who may temporarily takeover a human vessel for use etc.

4. SCIENTIFIC RESEARCH into all of the above.
From a report issued by Bill Cooper with regard to a person who contacted him.

…”He showed me a military I.D. card from Fort Carson and another with a strange checker board design on it. He said he had a Super Top Secret clearance and worked as a laboratory assistant in southwestern Colorado associated with the Delta Group out of Fort Carson.

He witnessed cryogenic experimentation going on with human beings. This experimentation was conducted by both ‘aliens’ and some Super Secret intelligence group. Some high ranking military and scientific personnel were taken down to cryogenic temperatures through a process of draining their blood and pumping a chemical mixture into the circulatory system to prevent cell destruction during the freezing and thawing periods.

The ‘aliens’ were the only ones who knew the mixture formula and the gradual thawing process. They at first refused to give the formula and process to the scientific team, and threatened to leave the above mentioned personnel in that cryogenic state forever unless the scientists cooperated on some certain issues.” — from THE DULCE PROTOCOL by Robert K. Teske (a producer who has assembled reams of pertinent info about the DULCE base and secret space program. Available on Amazon.

5. BUILDING & HOUSING SPACE CRAFT… based on ET technology NOT available in the public sector. Some of these craft are spotted and called UFOs but they are actually “ours” as opposed to craft flown by visiting races.

6. TIME TRAVEL – altering TIME LINES for humanity, traveling from planet to planet or dimensional travel. Dealing with races from other galaxies… and more. For example, the Mars we see and the Mars that the Secret Space Program is “jumping to” (see Camelot video “Jump room to Mars) is a 4th Dimensional Mars. They are entering via a portal on surface Mars which takes them to a Mars with green grass etc. Terraformed and welcoming to humans according to a highly placed whistleblower still employed by them.

7. VIEWING & PREDICTING THE FUTURE – in order to prepare for and/or alter it (see time travel)

8. LONGEVITY & GENETICS : cures for cancer and other diseases, prolonging life and all the possible ways of genetically enhancing the human as well as creating whole new species (Jurassic Park) etc. Dulce and work with certain races of Greys to create a Grey-human hybrid to repopulate the Earth going forward (after the Earth changes?) and other genetic re-engineering of the human genome to build a better, faster more advanced race of humans (Humanity 2.0).

9. SUPER SOLDIER PROGRAM : training children and young men and women to be spies and secret agents as well as soldiers to fly the craft and fight hostile off and on planet races and beings that they designate as “the enemy” as well as to police you and and rest of the masses. (see multiple Camelot interviews including Duncan O’Finioan, Aaron McCollum, John Robey (Torchwood is real)… and many more.

10. SOUL RETRIEVAL AND TRANSFERENCE : Taking souls from bodies and putting them into stasis and then into new bodies to serve the ‘machine’ of the secret state. Clones, androids etc. using Grey technology.

11. TERRAFORMING EARTH FOR A NEW SPECIES. There is substantial evidence that the Chemtrails program is part of an ongoing effort to change our atmosphere. This includes intentionally created events such as FUKUSHIMA. Such orchestrated events involve a release of radiation that could have a significant affect on the amount of cancer in the population in years to come as well as the GULF OIL SPILL creating a more methane-like environment more conducive to certain races of Greys and Reptilians.

The increase in the number of children with Autism is a case in point. There is evidence that radiation exposure by parents leads to a high incidence of Autism in children. Autism is especially prized by the Secret Space Program because Autistic Children test have a greater predisposition for being pre-cogs (ability to see into the future and predict events).

Hiding in Plain Sight – A Note on Secrecy

It is also useful to also understand that Black Projects also exist and are worked on above ground in plain sight (hidden in plain sight) in addition to being underground. They can be found in corporations with well known names such as BOEING, (defense industry), WESTINGHOUSE, MERCK, MONSANTO and countless others including NASA, JPL and think tanks such as TAVISTOCK in the UK and RAND in the U.S.

Many seemingly above board public domain projects within companies are operated using the ‘layers of the onion’ concept to disguise them from prying eyes. The Hadron Super Collider is one such project. The conventional purpose of this experiment is a cover for a massive time travel, timeline operation. Finding the “God Particle” is also highly significant and widely misunderstood and ignored. According to a source this new find allows mankind to actually create all matter and even worlds, that is holograms far beyond what is currently conceptualized or dreamed of.

This, then, is the scale and complexity of the terrain we are dealing with when we look at the BLACK PROJECTS / SECRET SPACE PROGRAM.

The Controllers and the Future of Earth

None of the above, as part of the Black Projects black hole is under the purview or control of the “surface government” or elected officials. Therefore, it is obvious that the people have no say in how the monies brought in from drugs (see THE LAST CIRCLE by Cheri Seymour/ PROMIS SOFTWARE SAGA for more on this…on Amazon complete book here) or through front organizations such as PUREHEART and its many subsidiaries or by other clandestine methods. For example, human trafficking or gun running, are used, to say nothing of the fraud and outright stealing that goes on within this framework when interfacing with surface companies and individuals also known as the topsiders, sheep and by other derisive terms.

Note: The psychology of those who are dealing in both worlds, coming from an “advanced civilization” to deal with the “sheep” or “useless eaters” doubtless results in attitudes of supreme arrogance and even pity. The impact upon families and the surface society can only be imagined at this point..

As a result, over the years, this organization, this hidden world has become in essence a CIVILIZATION that is feeding off of the surface world but not responsible to it. And in some cases it is highly likely that members of this rogue group never even interact with the surface government or establishment. It follows no laws but its own and reports to no one save its Masters be they human or nonhuman.

What is important from the perspective of grasping what is going on is understanding that everything that is operating above ground is ultimately run by and in service to and overseen by, a group who are creating and building a world that in most cases, you and your families are not going to benefit from or even participate in.

In fact, as it is becoming obvious, the ROGUE CIVILIZATION is deciding your future without asking or consulting you. They are making decisions that concern you every day, and you have no vote and no say. They have plans that involve the health and well being of every human on the planet and are deciding which bloodlines on Earth will live and which will die.

In the end, you are the ones to decide. If you work for these people or organizations, is this what you want?

Project Talent – Your Children are at Risk

In a sense we are talking about a Rogue Civilization that is living off of, and siphoning off talent. They are taking your children at a young age, tracking them through school and placing opportunities within their reach to draw them like flies into the service of the secret government and black projects but only if they find they have the unique talent and abilities or come from the bloodlines they desire.

Knowing is only the Beginning

This is where the money is going. You could view this Rogue group vs. the surface Earth civilization as a parasite feeding off the host. At what point does the host recognize it is being drained and once you recognize this what do you want to do about it? What can you do about it?
If you are an official or on a high level with respect to the surface Earth ruling elite you are in a position to begin to recognize what you are part of and to then take certain actions to change that. This could include for example, possibly going so far as to ‘blow the whistle’ on what you have been part of.

Awareness of a problem is the first step. Deciding what to do with your new found knowledge once you have verified for yourself that it is real, is another. It is in your hands. Our futures, at least at the present time are intrinsically linked to that of those who are working within the Black Projects. We share this Earth with this group and they have become our rulers. They are using and abusing the people of the planet to serve their agenda. The question is, what do you intend to do about it?

Reference materials for further study coming soon…

For more about Pureheart go to: http://tdarkcabal.blogspot.com/

Friday, November 2, 2012

LEGAL ACTIONS PENDING AGAINST POWERS THAT BE


From paradoxman316

October surprises! Have you noticed? Last week CNBC reported on the $43 trillion lawsuit filed against banksters and key politicians. The next day two children of the senior vice president and general manager of CNBC were killed, supposedly by the nanny that had been caring for them for two years. Conveniently, she also cut her own throat and slashed her wrists, according to the report.

Then there is the story, carried by Reuters, that Obama and Biden were criminally indicted by a Citizen's Grand Jury right here in Florida for willfully releasing classified information.

There are other similar stories of pending legal action against high officials in the corporate world, including the Vatican Corporation. What does this mean? Links:

The $43 Trillion Bankster Lawsuit and the Mysterious Murder of Two NY Toddlers
http://occupycorporatism.com/the-43-trillion-bankster-lawsuit-and-the-mysterious-murder-of-two-ny-toddlers/

Citizens' Grand Jury Indicts Obama and Biden
http://www.reuters.com/article/2012/10/30/idUS138172+30-Oct-2012+PRN20121030

Bernie Sanders Exposes 18 CEOs who took Trillions in Bailouts, Evaded Taxes and Outsourced Jobs
http://www.politicususa.com/bernie-sanders-exposes-18-ceos-trillions-bailouts-evaded-taxes-outsourced-jobs.html

Thursday, November 1, 2012

Barclays faces record £290m penalty

British bank suffers another hit to its battered reputation as it confronts huge costs for alleged US energy market manipulation

Barclays bank has endured a torrid year having been caught up in a
number of financial scandals.Photograph: Carl Court/AFP/Getty Images
, city editor
The Guardian

Barclays took another major hit to its already bruised reputation last night when a US regulator threatened the bank with a record $470m (£290m) penalty for allegations that it attempted to manipulate the US electricity market.

After the London market had closed, the Federal Energy Regulatory Commission announced the scale of the fine – $435m, plus a $35m order to disgorge alleged profits made by the bank – for the alleged offences which are supposed to have taken place between 2006 and 2008.

Barclays had warned earlier in the day that it faced a potential penalty for the alleged movement of Californian electricity prices when it reported that it had made a loss in the third quarter of 2008.
The bank's new chief executive, Antony Jenkins, said the bank would defend any proposed penalty by the regulator, which has given the bank 30 days to respond and prove why it should not be fined.

The Washington-based regulator is also proposing fines on four individuals who worked for Barclays at the time. In April the Ferc had warned it was investigating the bank and the four individuals for allegedly buying and selling electricity in big enough quantities to affect the price of complex derivative positions.

The four traders – Daniel Brin, Scott Connelly, Karen Levine and Ryan Smith – also have 30 days to prove why they should not face civil penalties after the regulator said the actions had led to losses of around $140m for California and other US states.

The regulator, given extra powers after the Enron trading scandal, alleged that traders had "propped up" the market.

The fresh embarrassment for Barclays comes barely three months after Bob Diamond resigned as chief executive in the wake of another record fine, this time for manipulation of the key benchmark interest rate, Libor.

The allegations from the Ferc, which shed some light on the complexities of energy trading, single out four locations – Columbia, Palo Verde, South Path 15 and North Path 15 – that were said to have seen transactions that benefited the bank's positions on the IntercontinentalExchange.

Unlike the Libor case where Barclays agreed to settle the allegations, the bank now appears to be preparing to put a case in the show-cause order issued late last night. If the fine is imposed by the regulator, it would be the largest it has ever levied, and be regarded as evidence that the Ferc is attempting to get tough on attempts to manipulate energy prices. Other banks facing penalties include JP Morgan and Deutsche Bank.

The order does not put Barclays side of the argument but accuses the bank of a "coordinated scheme" to manipulate prices in electricity prices and comes as the bank's new chairman Sir David Walker takes over the key boardroom role today.

Source: http://www.guardian.co.uk/business/2012/nov/01/barclay-banking

Wednesday, October 31, 2012

It Begins: Ecuador Demands Repatriation Of One Third Of Its Gold Holdings




One week ago, when we reported the news that the Bundesbank had secretly pulled two thirds of its gold from London years ago, we said the following:
... Germany has done nothing wrong! It simply demanded a reclamation of what is rightfully Germany's to demand.

And here is the crux of the issue: in a globalized system, in which every sovereign is increasingly subjugated to the credit-creating power of the globalized "whole", one must leave all thoughts of sovereign independence at the door and embrace the "new world order." After all this is the only way that the globalized system can create the shadow cloud of infinite repoable liabilities, in which we currently all float light as a binary feather, which permits instantaeous capital flows and monetary fungibility, and which guarantees that there will be no sovereign bond issue failure as long as nobody dares to defect from the system in which all collateral is cross pledge and ultra-rehypothecated... for the greater good. Until the Buba secretly defected that is.

And this is the whole story. Because by doing what it has every right to do, the German Central Bank implicitly broke the cardinal rule of true modern monetary system (never to be confused with that socialist acronym fad MMT, MMR or some such comparable mumbo-jumbo). And the rule is that a sovereign can never put its own people above the global corporatist-cum-banking oligarchy, which needs to have access to all hard (and otherwise) assets at any given moment, on a moment's notice, as the system's explicit leverage at last check inclusive of the nearly $1 quadrillion in derivatives, is about 20 times greater than global GDP. This also happens to be the reason why the entire world is always at most a few keystrokes away from a complete monetary (and trade) paralysis, as the Lehman aftermath and the Reserve Fund breaking the buck so aptly showed.

We are confident that little if anything will be made of the Buba's action, because dwelling on it too much may expose just who the first country will be (or  already has been) when the tide finally breaks, and when it will be every sovereign for themselves. Because at that point, which will come eventually, not only Buba, but every other bank, corporation, and individual will scramble to recover their own gold located in some vault in London, New York, or Paris, or at your friendly bank vault down the street, and instead will merely find a recently emptied storage room with humorously written I.O.U. letters in the place of 1 kilo gold bricks.
It appears that the story, which has refused to go away, was not covered sufficiently fast, and precisely the worst case scenario - at least for the "asset-lite" status quo - is slowly but surely starting to materialize. From Bloomberg:
Ecuador’s government wants the nation’s banks to repatriate about one third of their foreign holdings to support national growth, the head of the country’s tax agency said.

Carlos Carrasco, director of the tax agency known as the SRI, said today that Ecuador’s lenders could repatriate about $1.7 billion and still fulfill obligations to international clients. Carrasco spoke at a congressional hearing in Quito on a government proposal to raise taxes on banks to finance cash subsidies to the South American nation’s poor.
So yesterday: Germany... today: Ecuador...
tomorrow: the World?


Because while Ecuador, with its 26.3 tonnes of gold, may be small in the grand scheme of gold things, all it takes is for more and more banks to join the bandwagon and demand delivery in kind from official repositories (i.e., New York and London), and the myth that is the overcollateralization of hard money by central banks will promptly come to an abrupt, bitter and, likely, quite violent end.

The Global Banking ‘Super-Entity’ Drug Cartel: The “Free Market” of Finance Capital

By: Andrew Gavin Marshall

HSBC bankers testifying before U.S. Senate on laundering billions in drug money
(photo courtesy of The Economist, 21 July 2012)






















I would like to introduce you, the reader, to some realities of our global banking system, resting on the rhetoric of free markets, but functioning, in actuality, as a global cartel, a “super-entity” in which the world’s major banks all own each other and own the controlling shares in the world’s largest multinational corporations, influence governments and policy with politicians in their back pockets, routinely engaging in fraud and bribery, and launder hundreds of billions of dollars in drug money, not to mention arms dealing and terrorist financing. These are the “too big to fail” and “too big to jail” banks, the centre of our global economy, what we call a “free market,” implying that the global banks – and corporations – have “free reign” to do anything they please, engage in blatantly criminal activities, steal trillions in wealth which is hidden offshore, and never get more than a slap on the wrist. This is the real “free market,” a highly profitable global banking cartel, functioning as a worldwide financial Mafia.

Read entire essay here: http://andrewgavinmarshall.com/2012/10/28/the-global-banking-super-entity-drug-cartel-the-free-market-of-finance-capital/


Monday, October 29, 2012

Occupy protesters were right, says Bank of England official

The anti-capitalist protesters who occupied St Paul’s Cathedral were both morally and intellectually right, a senior Bank of England official said last night. 
 
Occupiers chain themselves to the pulpit on the anniversary of the now-dismantled protest camp outside the cathedral.  Photo: OCCUPY LONDON
  
By , Deputy Political Editor

Andrew Haldane, a member of the Bank’s financial policy committee, said the Occupy movement was correct in its attack on the international financial system.

The Occupy movement sprang up last year and staged significant demonstrations in both the City of London and New York, protesting about the unequal distribution of wealth and the influence of the financial services industry. Members of the movement occupied the grounds of St Paul’s and remained camped there for more than three months until police evicted them in February last year.

“Occupy has been successful in its efforts to popularise the problems of the global financial system for one very simple reason; they are right,” Mr Haldane said last night. Mr Haldane, the Bank’s executive director for financial stability, was speaking to Occupy Economics, an offshoot of the Occupy movement, at an event in central London.

In a speech entitled Socially Useful Banking, he said the protesters had helped bring about a “reformation” in financial services and the way they are regulated. Partly because of the protests, he suggested, both bank executives and policymakers were persuaded that banks must behave in a more moral way, and take greater account of inequality in wider society.

“Occupy’s voice has been both loud and persuasive and policymakers have listened and are acting,” he said. “In fact, I want to argue that we are in the early stages of a reformation of finance, a reformation which Occupy has helped stir.” 

The protesters had been right about bankers’ behaviour and the consequences of extremely high salaries and bonuses in the financial sector and other industries, he said. “I do not just mean right in a moral sense,” he added. “It is the analytical, every bit as much as the moral, ground that Occupy has taken. For the hard-headed facts suggest that, at the heart of the global financial crisis, were — and are — problems of deep and rising inequality.”

Mr Haldane concluded by telling the activists that they had helped bring about nothing less than a new financial order. “If I am right and a new leaf is being turned, then Occupy will have played a key role in this fledgling financial reformation,” he said. “You have put the arguments. You have helped win the debate.”

In the text of his speech distributed by the Bank last night, Mr Haldane made no reference to the techniques employed by the Occupy protesters. The occupation of St Paul’s last year was controversial, and led to claims that the protesters were despoiling the cathedral’s grounds.

The protest ended after the Corporation of London won a legal order allowing the activists to be evicted.

Earlier this month, members of the group marked the first anniversary of the St Paul’s protest by entering the cathedral during a service and chaining themselves to the pulpit.

Source: http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9641806/Occupy-protesters-were-right-says-Bank-of-England-official.html
 

Libor: Judge forces Barclays to reveal names of staff involved in rate rigging

Barclays will be forced to disclose the names of staff involved in Libor rigging, following a damning court judgment over claims it mis-sold interest rate swaps to a care home operator. 
 
Barclays was accused of 'shadow boxing' over Libor-rigging claims in a court case involving allegations it mis-sold interest rate derivatives to a care home operato


By , Banking Correspondent

The bank was chastised on Monday at the High Court in London by Lord Justice Flaux, who claimed Barclays was intentionally trying to hide the true scale of the Libor scandal, which has already seen the lender fined £290m.

The criticisms came as Barclays faced a preliminary hearing, ahead of a trial, over allegations it mis-sold to a care home group complex interest rate derivatives that were in turn based on false Libor rates.

Issuing a damning judgment, Lord Justice Flaux said Barclays’ objections to the Libor-rigging claims brought against it by Guardian Care Homes were “wholly without merit” and accused the bank of “misleading” customers.

Allowing the case to continue to trial, the judge described the bank’s attempts to dismiss the Libor aspects of the care home operator’s claim as “shadow boxing” and said they were “doomed to fail”.
Guardian Care Homes’ lawsuit is seen as a test case for Libor-rigging claims and the court decision to allow the case to go to trial potentially opens the door to billions of pounds of legal actions against other banks involved in the rate-setting scandal.

Over a day-long hearing, Lord Justice Flaux repeatedly struck down Barclays’ objections and said the bank would be forced to disclose potentially embarrassing details, such as the identities of staff implicated in Libor manipulation.

“[It] just seems perfectly obvious... that the people responsible for giving those instructions [manipulate Libor] must have known customers were being misled,” he said.

Tim Lord QC, representing Guardian Care Homes, which has more than 30 care homes around the country, told the hearing that disclosures so far from the bank were “likely to be the tip of the iceberg” and that the case went to “the heart of the management of Barclays”.

“Barclays seeks to serve up its own version of the facts, a santised version,” said Mr Lord.
Representing Barclays, Adrian Beltrami QC said the information asked for by Guardian Care Homes would have “signficant ramifications” and make the case “unmanageable”.

However, Lord Justice Flaux rejected the arguments and said Barclays would from next month have to begin providing the names of staff involved in Libor-rigging to Guardian Care Homes’ legal team.

“This is all shadow boxing. The real issue is they [Barclays] are trying to shut it down because they don’t like it,” he said.

The Guardian Care Homes’ claims against Barclays over mis-sold swaps, designed to protect the company against rises in interest rates, amount to about £38m. It is alleged that Libor-rigging at Barclays inflated the cost of the swaps to the company. The care home group has already settled a similar swaps claim against Lloyds Banking Group for an undisclosed sum.

In a statment Barclays said: "The judge’s decision means these issues will need to be determined at a full trial in due course. This business had a suite of advisors and a lot of financial experience and skill in-house. We understand that Graiseley entered into their swaps with sufficient understanding to exercise their own judgment as to whether the products would meet its business objectives. They are a significant business, which owes Barclays £70m. We do not believe the case has merit and will defend it.”

Source: http://www.telegraph.co.uk/finance/rate-swap-scandal/9641721/Libor-Judge-forces-Barclays-to-reveal-names-of-staff-involved-in-rate-rigging.html

Sunday, October 28, 2012

CNBC Exec’s Children Murdered, 1 Day After CNBC Reports $43 Trillion Bankster Lawsuit






















By JG Vibes
theintelhub.com
October 27, 2012

This week financial news organization CNBC gave some mainstream attention to the largest money laundering and racketeering lawsuit in United States History, in which “Banksters” and their U.S. racketeering partners are being accused of laundering of 43 trillion dollars worth of ill gotten gains.
The lawsuit is said to involve officials located in the highest offices of government and the financial sector.

Since this information was surprisingly revealed by the mainstream news organization there has been a very suspicious and deadly fallout at the CNBC headquarters.

Within hours the original page for the article was taken down, and CNBC senior vice president Kevin Krim received news that his children were killed under very suspicious circumstances.

It seems that the murder happened first and then the page was removed later.

According to mainstream accounts the children’s nanny is responsible for the murders, allegedly stabbing both children.

However, those same mainstream news sources report the highly unlikely story that the nanny slit her own throat just after committing the homicides.

Police have released very little information and although a wider plot has not been officially implicated, it seems very possible that these murders are a show of force against the press organization for releasing such damning information about the most powerful people in the world.
Here is some more information about the lawsuit from the Wall Street Journal:
“In the District Court lawsuit, Spire Law Group, LLP — on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws — has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators, seeking an audit of the Fed and audits of all the “bailout programs” by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other “bailout money” advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress.
Because the Obama Administration has failed to pursue any of the “Banksters” criminally, and indeed is actively borrowing monies for Mr. Obama’s campaign from these same “Banksters” to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the “Bankster” Defendants. “
Some of the alleged conspirators are Attorney General Holder, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris, Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary, Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduits.

It is expected that all news on this subject will be removed from CNBC, and that other news organizations will be discouraged from covering such information.




However, screen shots of the original CNBC article were taken to verify the authenticity of this story.
Assassination and brute intimidation are common strategies for the ruling class to use on people who may threaten their agenda.

This is the second situation this week in which a high level executive was the victim of a suspicious attack that seemed very much like an assassination.

The Intel Hub just reported that Nicholas Mockford, a 60 year old British executive for the oil company ExxonMobil was shot dead in front of his wife in an assassination-style killing in Brussels.
We will be keeping a close eye on both of these stories and provide more details as they become available.

Spire Law Federal Complaint in New York

Friday, October 26, 2012

Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP's Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury

http://www.marketwatch.com/story/major-banks-governmental-officials-and-their-comrade-capitalists-targets-of-spire-law-group-llps-racketeering-and-money-laundering-lawsuit-seeking-return-of-43-trillion-to-the-united-states-treasury-2012-10-25

NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ -- Spire Law Group, LLP's national home owners' lawsuit, pending in the venue where the "Banksters" control their $43 trillion racketeering scheme (New York) - known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the "Banksters" and their U.S. racketeering partners and joint venturers - now pinpoints the identities of the key racketeering partners of the "Banksters" located in the highest offices of government and acting for their own self-interests.



In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) - involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver - Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation): Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris (both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster), Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former "communications director" for the Obama Administration), Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the "Banksters" themselves, and their affiliates and conduits. The lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws.

In the District Court lawsuit, Spire Law Group, LLP -- on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws -- has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the "Banksters" and their co-conspirators, seeking an audit of the Fed and audits of all the "bailout programs" by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other "bailout money" advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the "Banksters" criminally, and indeed is actively borrowing monies for Mr. Obama's campaign from these same "Banksters" to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the "Bankster" Defendants.

The complaint - which has now been fully served on thousands of the "Banksters and their Co-Conspirators" - makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very "Banksters" located there who have repeatedly asked in the past to be "bailed out" and to be "bailed out" in the future.

The Havens for the money laundering schemes - and certain of the names and places of these entities - are located in such venues as Switzerland, the Isle of Man, Luxembourg, Malaysia, Cypress and entities controlled by governments adverse to the interests of the United States Sanctions and Embargo Act against Iran, and are also identified in both the United Nations and the U.S. Senate's recent reports on international money laundering. Many of these entities have already been personally served with summons and process of the complaint during the last six months. It is now beyond dispute that, while the Obama Administration was publicly encouraging loan modifications for home owners by "Banksters", it was privately ratifying the formation of these shell companies in violation of the United States Patriot Act, and State and Federal law. The case further alleges that through these obscure foreign companies, Bank of America, J.P. Morgan, Wells Fargo Bank, Citibank, Citigroup, One West Bank, and numerous other federally chartered banks stole trillions of dollars of home owners' and taxpayers' money during the last decade and then laundered it through offshore companies.

This District Court Complaint - maintained by Spire Law Group, LLP -- is the only lawsuit in the world listing as Defendants the Banksters, let alone serving all of such Banksters with legal process and therefore forcing them to finally answer the charges in court. Neither the Securities and Exchange Commission, nor the Federal Deposit Insurance Corporation, nor the Office of the Attorney General, nor any State Attorney General has sued the Banksters and thereby legally chased them worldwide to recover-back the $43 trillion ($43,000,000,000,000.00) and other lawful damages, injunctive relief and other legal remedies.

James N. Fiedler, Managing Partner of Spire Law Group, LLP, stated: "It is hard for me to believe as a 47-year lawyer that our nation's guardians have been unwilling to stop this theft. Spire Law Group, LLP stands for the elimination of corruption and implementation of lawful strategies, and that is what we're doing here. Spire Law Group, LLP's charter is to not allow such corruption to go unanswered." Comments were requested from the Attorney Generals' offices in NY, CA, NV, NH , OH, MA and the White House, but no comment was provided.

About Spire Law Group Spire Law Group, LLP is a national law firm whose motto is "the public should be protected -- at all costs -- from corruption in whatever form it presents itself." The Firm is comprised of lawyers nationally with more than 250-years of experience in a span of matters ranging from representing large corporations and wealthy individuals, to also representing the masses. The Firm is at the front lines litigating against government officials, banks, defunct loan pools, and now the very offshore entities where the corruption was enabled and perpetrated.

Contact: James N. Fiedler877-438-8766

SOURCE Spire Law Group, LLP 

Copyright (C) 2012 PR Newswire. All rights reserved -0- KEYWORD: New York INDUSTRY 
KEYWORD: RLT

RRL SUBJECT CODE: LAW

Spire Law Group $43 Trillion Law Suit Defendant List

Source: http://goo.gl/nMNVm

    Individual Defendants:
  1. ROBERT  BAUER, an individual, 
  2. JEREMY BEN-AMI, an individual
  3. DAVID BROCK, an individual,
  4. MICHAEL BROSNAN, an individual
  5. JON CORZINE, an individual
  6. JOSEPH  CRUDO, SR., an individual
  7. JOSEPH CRUDO, JR, an individual
  8. HOWARD DICKSTEIN, an individual
  9. SCOTT DREXEL, an individual
  10. DUN, an individual
  11. JOSEPH DUNN, an individual
  12. JENNINE ENGLISH, an individual
  13. JERRY FALK, an individual
  14. ERIC GEORGE, an individual
  15. THOMAS V. GIRARDI, an individual
  16. KAMALA HARRIS, an individual
  17. MYA HARRIS-WEST, an individual
  18. ERIC HOLDER, an individual
  19. JOHN HOONEN, an individual
  20. JEFFREY HUVELLE, an individual
  21. VALERIE JARRETT, an individual
  22. PETER KRAUSE, an individual
  23. WALTER LACK, an individual
  24. THOMAS LAYTON, an individual
  25. DANIELLE LEE, an individual
  26. KENNETH LEWIS, an individual
  27. HOWARD MILLER, an  individual
  28. DAVID J. PASTERNAK,  an individual
  29. MARY ROBERTS, an individual
  30. ALAN ROTHENBERG, an individual
  31. ALAN I. ROTHENBERG, an individual
  32. SANDOR SAMUELS, an individual
  33. TODD TORR, an individual
  34. WILLIAM WARDLAW, an individual
  35. ANTHONY WEST, an individual
  36. DOUGLAS WINTHROP, an individual

  37. Government Entities:
  38. UNITED STATES OF AMERICA, as an involuntary plaintiff
  39. THE STATE OF  NEW YORK, as an involuntary plaintiff


  40. Corporate Entities:
  41. 1ST CENTURY BANK aka FIRST CENTURY BANK, an entity form unknown
  42. ABA SEGUROS, S.A. DE C.V.
  43. ALLY BANK, N.A., in its own capacity and as an acquirer of certain assets and liabilities OF GMAC
  44. ALLY CREDIT CANADA LIMITED
  45. ALLY INTERNATIONAL INSURANCE COMPANY, LTD.
  46. ATACAMA MULTIMERCADO - FUNDO DE INVESTIMENTO
  47. AURORA BANK, F.S.B.
  48. BANC OF AMERICA SECURITIES LLC
  49. BANCAMERICA ROBERTSON STEPHENS
  50. BANCO CITIBANK DE GUATEMALA, S.A.
  51. BANCO CITIBANK S.A.
  52. BANCO CITICARD S.A.
  53. BANCO GMAC S.A.
  54. BANCO J.P. MORGAN S.A.
  55. BANK BOSTON
  56. BANK HANDLOWY W WARSZAWIE S.A.
  57. BANK OF AMERICA (Asia)
  58. BANK OF AMERICA (Macau)
  59. BANK OF AMERICA CANADA
  60. BANK OF AMERICA CORPORATION
  61. BANK OF AMERICA, N.A.
  62. BEAR STEARNS INTERNATIONAL FUNDING I S.A R.L.
  63. CAPITAL II, COUNTRYWIDE CAPITAL III
  64. CHASE HOME FINANCE, LLC
  65. CHELSEA PARTICIPACOES SOCIETARIAS E INVESTIMENTOS LTDA.
  66. CHINA CONSTRUCTION BANK (Asia) CORPORATION LIMITED
  67. CHINA CONSTRUCTION BANK (Macau)
  68. CHINA CONSTRUCTION BANK (Macau)
  69. CITI OVERSEAS INVESTMENTS BAHAMAS INC.
  70. CITIBANK - DISTRIBUIDORA DE TITULOS E VALORES MOBILIARIOS S.A.
  71. CITIBANK (HONG KONG) LIMITED
  72. CITIBANK BERHAD
  73. CITIBANK CARTOES PARTICIPACOES LTDA.
  74. CITIBANK CORRETORA DE SEGUROS LTDA.
  75. CITIBANK DEL PERU S.A.
  76. CITIBANK HOLDINGS IRELAND LIMITED
  77. CITIBANK MAGHREB
  78. CITIBANK MALAYSIA (L) LIMITED
  79. CITIBANK MEDIADOR
  80. CITIBANK, N.A.
  81. CITICORP CAPITAL PHILIPPINES, INC.
  82. CITICORP FINANCE (INDIA) LIMITED
  83. CITIFINANCIAL
  84. CITIGROUP ASIA PACIFIC HOLDING CORPORATION
  85. CITIGROUP GLOBAL MARKETS
  86. CITIGROUP GLOBAL MARKETS COMMERCIAL CORP
  87. CITIGROUP GLOBAL MARKETS INDIA PRIVATE LIMITED
  88. CITIGROUP GLOBAL MARKETS LUXEMBOURG
  89. CITIGROUP GLOBAL MARKETS
  90. CITIGROUP GLOBAL MARKETS,  SINGAPORE PTE. LTD.
  91. CITIGROUP GLOBAL MARKETS, HOLDINGS LIMITED
  92. CITIGROUP GLOBAL MARKETS, HOLDINGS PTE. LTD
  93. CITIGROUP HOLDING (SINGAPORE) PRIVATE LIMITED
  94. CITIGROUP NETHERLANDS HOLDINGS B.V.
  95. CITIGROUP, INC.
  96. COHM OVERSEAS MEXICO HOLDING, S. DE R.L. DE C.V.
  97. CORPORATION & CO. BESCHRANKT HAFTENDE KG
  98. COUNTRYWIDE ALTERNATIVE ASSET MANAGEMENT
  99. COUNTRYWIDE ALTERNATIVE INVESTMENTS
  100. COUNTRYWIDE CAPITAL I, COUNTRYWIDE
  101. COUNTRYWIDE CAPITAL IV
  102. COUNTRYWIDE CAPITAL IX
  103. COUNTRYWIDE CAPITAL MARKETS ASIA (HK) LIMITED
  104. COUNTRYWIDE CAPITAL MARKETS
  105. COUNTRYWIDE CAPITAL V
  106. COUNTRYWIDE CAPITAL VI
  107. COUNTRYWIDE CAPITAL VII
  108. COUNTRYWIDE CAPITAL VIII
  109. COUNTRYWIDE COMMERCIAL JPI LLC
  110. COUNTRYWIDE COMMERCIAL MORTGAGE CAPITAL
  111. COUNTRYWIDE COMMERCIAL REAL ESTATE FINANCE
  112. COUNTRYWIDE FINANCIAL CORPORATION, dba BAC HOME LOANS
  113. COUNTRYWIDE HILLCREST
  114. COUNTRYWIDE INTERNATIONAL GP HOLDINGS
  115. COUNTRYWIDE INTERNATIONAL TECHNOLOGY HOLDINGS LIMITED
  116. COUNTRYWIDE MANAGEMENT CORPORATION
  117. COUNTRYWIDE MORTGAGE VENTURES, LLC
  118. COUNTRYWIDE WAREHOUSE LENDING
  119. CWABS II, INC.
  120. CWALT, INC.
  121. CYRUS ACCESS, LTD., DIVERSIFIED ALPHA FUND MASTER), LTD.
  122. DANUBE HOLDINGS I C.V.
  123. DANUBE HOLDINGS III C.V.
  124. DEUTSCHE BANK AG
  125. DEUTSCHE BANK NATIONAL TRUST COMPANY
  126. DEUTSCHLAND AG
  127. DISTRIBUIDORA DE TITULOS E VALORES MOBILIARIOS
  128. ELAVON DO BRASIL SOLUCOES DE PAGAMENTO S.A.
  129. ELAVON EUROPEAN HOLDINGS B.V.
  130. ELAVON EUROPEAN HOLDINGS C.V.
  131. ELAVON FINANCIAL SERVICES LIMITED
  132. ELAVON MERCHANT SERVICES MEXICO, S. DE R.L. DE C.V.
  133. ELAVON MEXICO HOLDING COMPANY, S.A. DE C.V.
  134. ELAVON OPERATIONS COMPANY, S. DE R.I. DE C.V.
  135. ELAVON PUERTO RICO, INC.
  136. ELAVON SERVICES COMPANY, S. DE R.I. DE C.V.
  137. EMC CORPORATION
  138. EMC MORTGAGE CORPORATION
  139. EUROPEAN CREDIT FUND SICAV II
  140. EVERGREEN ECM HOLDINGS B.V.
  141. FII SINGAPORE PRIVATE LIMITED
  142. FINANCIAL CORPORATION
  143. FIRST CENTURY BANKSHARES, INC., a Delaware corporation
  144. GAVEA INVESTIMENTOS LTDA.
  145. GENERAL MOTORS ACCEPTANCE
  146. GMAC BANK GMBH
  147. GMAC CYPRESS HOLDINGS LIMITED
  148. GMAC GERMANY GMBH & CO. KG
  149. GMAC HOLDINGS GMBH
  150. GMAC HOLDINGS U.K. LIMITED, GMAC UK PLC
  151. GMAC INTERNATIONAL FINANCE B.V.
  152. GMAC INTERNATIONAL HOLDINGS B.V.
  153. GOLDEN FUNDING COMPANY
  154. HALCYON ACCESS, LTD.
  155. HENRY BATH BV
  156. HSBC HOLDINGS, INC.
  157. INDOPARK HOLDINGS, LTD.
  158. ING GROUP
  159. INSTITUCION DE BANCA MULTIPLE
  160. INVESTMENTS 2234 PHILIPPINES FUND I (SPV-AMC), INC.
  161. ISLAND FINANCE HOLDING COMPANY, LLC
  162. J STREET, INC., an entity form unknown
  163. J.P. MORGAN ASSET MANAGEMENT HOLDINGS (LUXEMBOURG) S.A R.L.
  164. J.P. MORGAN ASSET MANAGEMENT LUXEMBOURG S.A.
  165. J.P. MORGAN BANK LUXEMBOURG S.A.
  166. J.P. MORGAN CHASE BANK (CHINA) COMPANY LIMITED CHINA
  167. J.P. MORGAN CHASE CUSTODY SERVICES, INC.
  168. J.P. MORGAN DISTRESSED DEBT MASTER FUND LTD.
  169. J.P. MORGAN DUBLIN FINANCIAL HOLDINGS LIMITED
  170. J.P. MORGAN GREATER CHINA PROPERTY FUND CAYMAN SLP LP
  171. J.P. MORGAN GRUPO FINANCIERO
  172. J.P. MORGAN INTERNATIONAL HOLDINGS LIMITED
  173. J.P. MORGAN MANSART INVESTMENTS
  174. J.P. MORGAN CHASE BANK, N.A., in its own capacity and as acquirer of certain assets and liabiliities of Washington Mutual Bank
  175. J.P. MORGAN PCA HOLDINGS (MAURITIUS) I LIMITED
  176. J.P. MORGAN RESEARCH TOTAL RETURN MASTER FUND LTD
  177. J.P. MORGAN S.A.
  178. J.P. MORGAN SERVICES INDIA PRIVATE LIMITED
  179. J.P. MORGAN FINANCE JAPAN YK
  180. JORDAN INVESTMENTS LP UK
  181. KLEIN BANK
  182. LATIN AMERICAN INVESTMENT BANK BAHAMAS LIMITED
  183. MBNA AMERICA BANK
  184. MEDIA MATTERS, a corporation form unknown
  185. MERRILL LYNCH
  186. MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED
  187. ML BANDERIA CAYMAN BRL INC.
  188. ML WHITBY LUXEMBOURG S.A.R.L.
  189. Mutual Bank
  190. NATIONAL ASSOCIATION
  191. NATIONAL ASSOCIATION
  192. NATIONAL ASSOCIATION, FIA CARD SERVICES
  193. NATIONAL ASSOCIATION, FIA CARD SERVICES
  194. NEWEST BANK, F.S.B.
  195. NORWEST VENTURE PARTNERS
  196. NORWEST VENTURE PARTNERS FVCI SINGAPORE PRIVATE LIMITED
  197. NORWEST VENTURE PARTNERS SINGAPORE PRIVATE LIMITED
  198. NORWEST VENTURE PARTNERS VI, LP
  199. NORWEST VENTURE PARTNERS VI-A, LP
  200. NORWEST VENTURE PARTNERS VII, LP
  201. NORWEST VENTURE PARTNERS VII-A FII MAURITIUS
  202. NORWEST VENTURE PARTNERS VII-A FVCI MAURITIUS
  203. NORWEST VENTURE PARTNERS VII-A MAURITIUS
  204. OCWEN
  205. ONE EQUITY PARTNERS II, L.P.
  206. ONE EQUITY PARTNERS III, L.P.
  207. ONE EQUITY PARTNERS IV, L.P.
  208. ONE EQUITY PARTNERS LLC
  209. OPERADOR DE BANCA - SEGUROS VINCULADO
  210. OVERLAND RELATIVE VALUE FUND LTD
  211. OVERLAND RELATIVE VALUE MASTER FUND LP
  212. PARTNERSHIP INVESTMENTS S.A.R.L., CITIBANK (CHINA) CO., LTD.
  213. PNC BANK, N.A.
  214. PROMOTORA DE NEGOCIOS & COBRANCA LTDA.
  215. RED OAK MERGER CORPORATION
  216. RESMOR CAPITAL CORPORATION
  217. RESMOR TRUST COMPANY
  218. SAPOTORO COOPERATIEF U.A.
  219. SERVICING,COUNTRYWIDE HOME LOANS, INC.
  220. SOCIEDAD ANONIMA
  221. U.S. BANCORP
  222. U.S. BANK TRUST COMPANY
  223. U.S. BANK TRUST NATIONAL ASSOCIATION
  224. U.S. BANK, N.A.
  225. U.S. TRUST CORPORATION
  226. USB NETHERLANDS B.V.
  227. USB REALTY CORP.
  228. USB TRADE SERVICES LIMITED
  229. WACHOVIA BANK
  230. WELLS FARGO & COMPANY
  231. WELLS FARGO BANK, N.A.
  232. ZAO CITIBANK
  233. ZEUS RECOVERY FUND, S.A.

Wednesday, October 24, 2012

Federal Prosecutors Sue Bank of America Over Mortgage Program

Federal prosecutors in New York sued Bank of America on Wednesday, accusing it of carrying out a mortgage scheme that defrauded the government during the depths of the financial crisis.

http://dealbook.nytimes.com/2012/10/24/federal-prosecutors-sue-bank-of-america-over-mortgage-program/
In a civil complaint that seeks to collect $1 billion from the bank, the Justice Department took aim at a home loan program known as the “hustle,” a venture that has become emblematic of the risk-fueled mortgage bubble. The complaint adds to a flurry of federal and private lawsuits facing Bank of America’s beleaguered mortgage business.

Bank of America inherited the “hustle” home loan program with its purchase of Countrywide Financial in 2008. Prosecutors say the effort, kept alive by Bank of America through 2009, was intended to churn out mortgages at a rapid pace without proper checks on wrongdoing. The bank then sold the “defective” loans without warning to Fannie Mae and Freddie Mac, the government-controlled housing giants, which were stuck with heavy losses and a glut of foreclosed properties.

“The fraudulent conduct alleged in today’s complaint was spectacularly brazen in scope,” Preet Bharara, the United States attorney in Manhattan, said in a statement. Mr. Bharara brought the case with the inspector general of the Federal Housing Finance Agency, which oversees Fannie Mae and Freddie Mac, and the government watchdog for the bank bailout program.

Daniel Barry for The New York TimesPreet S. Bharara, the United States attorney in Manhattan.
A spokesman for Bank of America did not immediately return a request for comment.

The case is one piece of a broader federal crackdown on Wall Street, a last-ditch effort to hold firms accountable for perceived misdeeds that fueled the mortgage crisis. In the wake of the crisis, authorities were blamed for the dearth of charges facing financial executives at the center of the crisis.

For all the grumbling about few criminal prosecutions, the government has now mounted dozens of civil cases against the nation’s biggest financial firms, leaving the financial industry to battle a chaotic and somewhat redundant web of litigation. Mr. Bharara sued Wells Fargo this month over questionable mortgage deals. President Obama also formed a federal mortgage task force, which recently filed its first case against JPMorgan Chase over mortgage deals created by Bear Stearns, the defunct firm that JPMorgan bought during the crisis.

The case announced on Wednesday is the latest legal headache for Bank of America stemming from its acquisition spree during the crisis. The bank, which has come to define the excesses that nearly toppled the financial industry in 2008, struck a $2.4 billion deal in September to settle a securities class-action lawsuit that it misled investors about the takeover of Merrill Lynch.

The Countrywide deal has fared far worse. Billions of dollars in soured loans from the subprime lending specialist wreaked havoc on Bank of American’s balance sheet. Securities regulators have also extracted nearly $70 million in fines from Countrywide’s former chief executive, Angelo R. Mozilo.

The lawsuit filed Wednesday threatens to impose steep fines on the bank. The Justice Department filed the case under the False Claims Act, which could provide for triple the damages suffered by Fannie and Freddie, a penalty that could reach more than $3 billion.

The case also overlaps with a number of actions that government agencies are pursuing against Wall Street banks. It builds on, for example, the Federal Housing Finance Agency’s decision last year to sue 17 big banks over losses sustained by Fannie Mae and Freddie Mac. The twin mortgage companies, bailed out by taxpayers in 2008, continue to push firms like Bank of America to repurchase billions of dollars in bad loans.

German Court Demands Bundesbank Audit Sovereign Gold Holdings

The sovereigns are just now stirring to demand their governments account for their people's gold! This could be EXPLOSIVE

There are related links at end, but our full (32) posts on missing/stolen/tungsten gold is here

Sources:  
German Court Demands Bundesbank Audit Sovereign Gold Holdings
BREAKING: German Court Demands Bundesbank Audit Sovereign Gold Holdings!!



1943 Germany Reichsbank underground vault of World War II




Captured Gold: Soldiers from General Patton's Third Army stand
among gold reserves stashed away in a salt mine


1947 U.S. Army seizing World War II Germany gold bullion reserves







The German court of auditors (Bundesrechnungshof) have demanded that the Bundesbank undertake an audit of its gold reserves.  In an 'audit-the-fed' style effort, the court wants to ensure that the nearly 3400 tons of gold is in fact in existence - 'because stocks have never been checked for authenticity and weight'.

Furthermore, the Bundesbank's gold is stored in three other vaults around the world: The Bank of England, The Bank of France, and the US Federal Reserve. The court questions the practice of relying on a written confirmation from the custodians (foreign central banks). The decision means negotiating with the three foreign central banks for physical verification but in anticipation, the Bundesbank has begun the process of shipping 50 tons per year from the Fed back to Germany for the next three years.

Germany's apparent (unchecked and unverified) gold holdings are second only to the USA's (just as unaudited levels)...

Via Spiegel:

Germany has the second largest gold reserves in the world, nearly 3400 tons. Supposedly, anyway. Because stocks have never been checked for authenticity and weight. Now, the Federal Court has asked the Bundesbank to examine the gold reserves abroad regularly.

The German central bank gold is safely stored in vaults in Frankfurt, New York, Paris and London. Checked really but apparently no one. The Federal Court has the Bundesbank now anyway required regular inspection and inventory of the vast gold reserves abroad. The auditors explain this in a report on Monday has become known to the budget committee of the Bundestag with the "high value of gold holdings."

The samples stored at other German banks stocks were also never by the Bundesbank itself or by other independent auditors "added physically and for authenticity and weight" checked. Actually talk on the subject numerous theories - so should the U.S. gold reserves at Fort Knox have long been looted.

The Bundesbank has on the USA's second largest gold reserves in the world. End of 2011 there were 3396 tons, worth 133 billion euros. After the soaring price of gold is likely to reach about 142 billion euros currently even. Secures the gold bars by the Bundesbank in own vaults in Frankfurt as well as at three bearing points abroad: The U.S. Federal Reserve Bank in New York, Bank of France in Paris and the Bank of England in London.

Bundesbank gets tons of gold from New York

The Court had determined the order of the Bundestag that the Federal Bank reviews its overseas gold reserves stored exactly. It is disputed whether the Bundesbank experienced for years practice sufficient to rely only on a written confirmation to the gold bars by the foreign central banks.

The Court recommends that the Bundesbank to negotiate with the three foreign central banks the right to physical verification of stocks. With the implementation of this recommendation, the Bundesbank has begun according to the report. They also decided to bring in the next three years to 50 tons each of the past at the Fed in New York gold to Germany to get it here to undergo a thorough examination. In the report, several points are blackened. In effect, the paper is not clear exactly how much gold is in which foreign central bank.

The information held in the Federal Bank headquarters holdings consist of 82,857 according to the report bullion stored mostly in sealed containers with 50 bars, which are kept in four separate locked safe boxes. Part of it (6183 bar) stored on open shelves, therefore in a separate vault - the so-called gold chamber. To secure the gold it says in the report: "The vault closure is double, the inner seals and the gold chamber under a triple lock."