Sunday, August 11, 2013

Feds Put Out Call To Have JP Morgan Employees Arrested



When the banking crisis hit, many cried out demanding justice against the bankers who had used the public good as collateral for their increasing risks. Unfortunately, due to deregulation, there was little that the federal government could do. New regulations were passed with the Dodd-Frank financial reform bill, giving the government authority to begin regulating the banks. But, what people had been waiting for, to see bankers go to jail, had not happened.

The wait is finally over. A report by the New York Times states that the feds have called for the United Kingdom to turn over the two men behind the JP Morgan multibillion dollar losses last year in what has been termed the “London Whale.” Javier Martin-Artajo, a manager who oversaw the trading strategy, and Julien Grout the trader who enacted the strategy, now face extradition to the United States, and a waiting jail cell when they arrive, much like Larus Welding who, as CEO of Glitnir Bank in Iceland, was arrested and convicted for his role in the financial crisis.

This is not enough, however, for the Securities and Exchange Commission, which is pressuring the financial giant to admit its role in the trading scandal. This is on top of the public apology given earlier this year. The evidence is damning and only by admitting wrongdoing will JP Morgan avoid the worst penalties which the federal government can bring to bear. JP Morgan alone is facing scrutiny from a reported eight different federal agencies over its behavior, along with various state and extra-national agencies.

And this is just the beginning. HBSC was just hit with almost $2 billion in fines, and other banks are scrambling to divest themselves of the risk which they are now facing. And with two of JP Morgan’s now facing jail time, the pressure is on to behave, and fast.

Will the top execs at the Wall Street financial giants go to jail? Not likely, they did their acts during a period of deregulation, so despite the incredible levels of damage they did to the economy, it was not illegal. But the strengthening of the federal government’s regulatory muscle is what we as a nation need to ensure that this does not happen again. And with the US Senate poised to reintroduce Glass-Steagall, the banks are, smartly, weighing their options and hedging their bets.

These are but two men, but they are an important symbol. It is a sign that there is a change happening, a new sheriff is in town. Empowered by new regulatory strength, there is new hope in Washington that another financial crisis will be averted, before it ever begins.

Saturday, August 10, 2013

Medical Marijuana Stocks and Legalization Movement Get Support From CNN's Dr. Sanjay Gupta

NEW YORK, NY, Aug 09, 2013 (Marketwired via COMTEX) --

Everyone is entitled to change their mind, and even doctors who hold strong opinions are allowed a mulligan every now and then. CNN's chief medical correspondent Dr. Sanjay Gupta is taking his "do-over" public in a new documentary titled Weed. Gupta has just reversed his position on medical marijuana, and in doing so, he gives companies engaged in medical marijuana research like Nuvilex, Inc. (otcqb:NVLX) and pro-cannabis groups in states all over the country a legitimate voice on their side.

Dr. Gupta's documentary, Weed, will air on Sunday, August 11 at 8 p.m. ET on CNN, and it takes a long look into the use of marijuana for medicinal purposes by digging into its risk for abuse, medical benefits and even tackles the challenges of marijuana research like Nuvilex's subsidiary, Medical Marijuana Sciences, Inc., has planned for the use of cannabis to treat cancers of the brain. 

In a piece Gupta wrote for CNN to discuss the film, he went as far as to apologize for his previous stance. "I apologize because I didn't look hard enough, until now. I didn't look far enough. I didn't review papers from smaller labs in other countries doing some remarkable research, and I was too dismissive of the loud chorus of legitimate patients whose symptoms improved on cannabis." 

With states all over the U.S. legalizing marijuana for medicinal purposes, more and more eyes are opening to the movement. Even Sanjay Gupta has come a long way from his 2009 Time magazine article "Why I Would Vote No on Pot." "We have been terribly and systematically misled for nearly 70 years in the United States, and I apologize for my own role in that," said Sanjay Gupta.
Gupta's film should be eye opening to investors of marijuana stocks and to those fighting for legalization. With his dramatic shift, his film could very well help sway others in the debate. 

About Stock Market Media Group Stock Market Media Group is a full service Investment Relations firm specializing in Research and Content Development. It offers a platform for CEOs to tell their story through the media with Research Reports, CEO Interviews and Feature Articles while building a library of Research for Investors. For more information: www.stockmarketmediagroup.com 

Friday, August 9, 2013

The Pope establishes the Financial Security Committee

2013-08-09 L’Osservatore Romano

Pope Francis has issued, on Thursday, 8 August, a Motu Proprio for the prevention and countering of  money laundering, the financing of terrorism and the proliferation of weapons of mass destruction. Pursuant to the steps already taken by Benedict XVI in this area with the Motu Proprio of 30 December 2010 for preventing and countering illegal activities in the areas of finance and currency, today’s Motu Proprio reaffirms the Holy See’s commitment to the goal of preventing and countering money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.

In particular, the present Motu Proprio broadens the application of the relevant Vatican laws to the Dicasteries of the Roman Curia and to other institutes and entities dependent on the Holy See, as well as to non-profit organizations enjoying juridical personality in canon law and based in the Vatican City State. It also strengthens the supervisory and regulatory function of the Financial Information Authority.

The Motu Proprio establishes the function of prudential supervision over entities habitually engaged in financial activities, in response to a recommendation of the MONEYVAL Committee of the Council of Europe, and assigns that function to the Financial Information Authority. It establishes the Financial Security Committee, whose Statutes are appended to the Motu Proprio, for the purpose of coordinating the competent authorities of the Holy See and the Vatican City State in the area of prevention and countering of money laundering, the financing of terrorism and the proliferation of weapons of mass destruction.


The text of the Motu Proprio and of the Statutes of the  Financial Security Committee are available on the Holy See website.

Source: http://www.news.va/en/news/the-pope-establishes-the-financial-security-commit

Thursday, August 8, 2013

US reporter says Snowden gave him 15,000 top-secret documents

The US reporter who first released the top-secret documents American intelligence leaker had taken out of the US says he has between 15,000 and 20,000 of the papers























Glenn Greenwald of Britain's Guardian and one of his colleagues were the first to interview the former American spy Edward Snowden after he fled the US with thousands of documents from the National Security Agency (NSA), America’s biggest spy organization.

"I did not do an exact count, but he gave me 15,000, 20,000 documents. Very, very complete and very long," the Brazil-based journalist said on Tuesday.

Snowden revealed documents about the NSA’s global surveillance programs which included spying on America’s European allies, in particular Germany, as well as Latin American states.

"The stories we have published are a small portion. There will certainly be more revelations on the espionage activities of the US government and allied governments (...) on how they have penetrated the communications systems of Brazil and Latin America," he said.

Snowden spent almost five weeks at the transit zone of Moscow’s international airport after arriving there from Hong Kong on June 23. His asylum request for living in Russia was finally accepted last week but Moscow limited the permit to only one year.

MA/MA
 

440 Hz Music - Conspiracy to Detune Us From Natural 432Hz Harmonics?

Most music worldwide has been tuned to 440 hertz since the International Standards Organization (ISO) endorsed it in 1953. The recent rediscoveries of the vibratory / oscillatory nature of the universe indicate that this contemporary international concert pitch standard may generate an unhealthy effect or anti-social behavior in the consciousness of human beings.

A=432 Hz, known as Verdi’s ‘A’ is an alternative tuning that is mathematically consistent with the universe. Music based on 432 Hz transmits beneficial healing energy, because it is a pure tone of math fundamental to nature.

There is a theory that the change from 432 Hz to 440 Hz was dictated by Nazi propaganda minister, Joseph Goebbels. He used it to make people think and feel a certain manner, and to make them a prisoner of a certain consciousness. Then around 1940 the United States introduced 440 Hz worldwide, and finally in 1953 it became the ISO 16-standard.

What is 440 Hz?

440 Hz is the unnatural standard tuning frequency, removed from the symmetry of sacred vibrations and overtones that has declared war on the subconscious mind of Western Man.

In a paper entitled ‘Musical Cult Control’, Dr. Leonard Horowitz writes: “The music industry features this imposed frequency that is ‘herding’ populations into greater aggression, psycho social agitation, and emotional distress predisposing people to physical illness.”

You just have to go out in the street and take a look around. What do you see? School kids, young adults on their way to work, a woman pushing her baby in a pram, a man walking his dog – and what do they all have in common? iPods or MP3 Players! Ingenious, isn't it?
“If you want to find the secrets of the universe, think in terms of energy, frequency and vibration.” -Nikola Tesla
The powers that be are successfully lowering the vibrations of not only the young generation but the rest of us as well. These destructive frequencies entrain the thoughts towards disruption, disharmony and disunity. Additionally, they also stimulate the controlling organ of the body - the brain - into disharmonious resonance, which ultimately creates disease and war.

The difference between 432 Hz and 440 Hz. Hear it, understand it.


“This unnatural standard tuning frequency (440 Hz), removed from the symmetry of sacred vibrations and overtones, has declared war on the subconscious mind of Western Man.” -L. C. Vincent
The Hidden Power of Universal Frequency and Vibration

Frequency and vibration hold a critically important yet hidden power to affect our lives, our health, our society and our world. The science of Cymatics (meaning the study of visible sound and vibration) proves that frequency and vibration are the master keys and organizational foundation for the creation of all matter and life on this planet.

When sound waves move through a physical medium (sand, air, water, etc.) the frequency of the waves has a direct effect upon the structures which are created by the sound waves as they pass through that particular medium.

To better understand the power of sound frequency, watch the amazing video below.


“If one should desire to know whether a kingdom is well governed, if its morals are good or bad, the quality of its music will furnish the answer.” -Confucius
Music has a hidden power to affect our minds, our bodies, our thoughts, and our society. When that music is based upon a tuning standard purposely removed from the natural harmonics found in nature, the end result may be the psychic poisoning of the mass mind of humanity.

As Kymatica Documentary says, the rediscovered knowledge of the science of sound shows that sound is something more than mere vibratory signals, not only does sound interact with life but it sustains and develops it. It acts as a conduit of conscious intent between people, societies and entire civilizations.

http://www.whydontyoutrythis.com/2013/08/440hz-music-conspiracy-to-detune-good-vibrations-from-natural-432hz.html


New Bank Investigations: Real Action, or More of the Same?

POSTED:
Rolling Stone

Former Goldman Sachs trader Fabrice "Fabulous Fab" Tourre























  

A lot of interesting things happening on the white-collar enforcement front. Evil hedge fund SAC Capital and its villainous ruler Stevie Cohen were run through the gauntlet, Goldman Sachs patsy Fabulous Fab took a beating in civil court (I love the detail that emerged, that Goldman executives now call him "the poor kid"), and now, apparently, a pair of high-profile investigations have been launched against Bank of America and J.P. Morgan Chase for subprime mortgage fraud. The latter investigations seem to be designed to answer criticisms that nobody is going after the real doers of evil systemic crimes.

The Chase case apparently involves a criminal investigation, which is indeed interesting. The company admitted as much yesterday, saying federal investigators out West have "preliminarily concluded" that Chase brazenly violated securities laws when it sold subprime mortgage-backed instruments in 2005-2007.

But I'm skeptical it will turn into a real criminal investigation. All of the stories that broke in the last day or two noted the same detail, that Chase has beefed up its estimates for litigation/settlement costs:
As the investigations drag on, the bank is racking up significant legal costs. To help cushion against potentially hefty payouts to the authorities, JPMorgan recorded a $678 million expense for additional litigation reserves in the second quarter, up from $323 million in the same period a year ago, according to the filing on Wednesday.
The bank also estimated it could incur up to $6.8 billion in losses beyond its reserves, nearly $1 billion more than the first quarter of the year.
The government may very well decide to go after Chase in what it considers a big way. It may do the same for Bank of America, and then it may keep going on down the line to other banks, until it has collected a billion dollars or so from all the usual suspects, who were virtually all engaged in the same kinds of schemes, gathering and selling to customers radioactive mortgage bonds they knew were likely to explode, or were ridden with fraud and faulty underwriting.
But to me, these investigations will be meaningless unless one of two things happens, once they reach the inevitable stage of concluding painstakingly-crafted settlements with the inevitable teams of high-priced lawyers for the offending firms:

1) Someone goes to jail.

2) The company is ordered to break itself up into smaller pieces.


As to point one, here's the thing. If criminal laws were violated, then the government certainly has discretion to exercise mercy and seek non-criminal sanctions against the individuals responsible. But they can really only do that and not be total hypocrites if they also simultaneously implement leniency programs for ordinary street criminals at the same time.
Just yesterday, for instance, a federal judge in Mississippi handed down a six-month sentence to a man and ordered him to pay $8,282 in restitution for food stamp fraud – one Stanley Jones apparently lied in an application about whether or not anyone in his household had ever been convicted of a felony drug charge when he applied for food stamps.

Stanley Jones is going to do six months in jail for fraud in a case brought by the same Justice Department now sniffing around Chase and Bank of America. I would be shocked if $8,282 didn't represent the entire amount of value "taken" via Jones's fraud. I spent a lot of time with people targeted for welfare fraud for my upcoming book, The Divide, and the state never settles for anything less than every last dollar in these cases. Incidentally, you can find cases like this pretty much every day in every state in the country. Guaranteed, someone somewhere in America right now is drawing jail time for some form of welfare fraud.

Meanwhile, S.E.C. target Fab Tourre – the Goldman exec who joked about selling bad bonds to "widows and orphans" – will not do a day in jail for his part in a fraud that caused two banks in Europe to lose over a billion dollars. And Fab's restitution will range from $30,000 to $780,000, depending upon how much judge Katherine Forrest decides to ding him for each of his six counts of civil fraud. (It will be very interesting to see where she lands on that decision). Fab's bank, Goldman, Sachs, has already settled for $550 million for the same case, which is a lot of money, but again less than the total amount of the damage. And nobody went to jail.

This isn't about throwing bankers in jail for the sake of it. It's about making things fair. If we're going to keep throwing people in jail for food stamp fraud, then bankers who commit systematic securities fraud also have to go to jail. Either that, or we have to come up with alternative punishments for both types of nonviolent criminal. I'm not opposed to that, either. There are powerful arguments to be made against jail for many nonviolent offenders. The punishments for rich and poor just have to match, that's all.

As to point two – if we're not putting people in jail, we at least have to insist the companies break themselves up – this is in response to the argument made by the likes of Attorney General Eric Holder and former Department of Justice criminal division chief Lanny Breuer last winter after settlements involving HSBC (for money laundering) and UBS (for mass rate-fixing in the LIBOR scandal). The justification in those cases for deferred and or non-prosecution agreements coupled with huge fines as punishments for sweepingly destructive offenses was that the companies in question were too large and too systemically important to risk indicting criminally.

Well, let's say that's true. It's an argument not completely without merit. Nobody wants to see a repeat of the Arthur Andersen case, when the federal government indicted on a single count, the company went under, and 28,000 jobs were lost.

But if that's true, then the state can't simply accept that reality every time a huge company starts committing serial fraud or theft. If these companies commit crimes but are too big to prosecute, well, then, in lieu of indictments of the firm, or jail terms for executives, they have to become smaller, so that they can safely be prosecuted the next time. The state has the power to make that happen, but it would be a shock if they ever exercised that power.

That won't happen, however. Almost guaranteed, these investigations will end with huge cash settlements. We'll keep the jails filled with food-stamp thieves, while the bank execs who knowingly hawked doomed mortgage bonds to "widows and orphans" all over the world will almost certainly get off. At worst, their shareholders will cough up another billion or two in settlement money.

All of this is stuff that has to be kept in mind when news of such investigations leaks. It may sound like tough action. But it could just as easily be more of the same cost-of-doing-business, for-appearances-only non-regulation of the looking-busy genus. Wake me up when someone goes to jail.




300 Million Old Machinery Found in Russia

"All of these discoveries not only puzzled the experts but also undermined the most fundamental doctrines of modern science."

http://www.adguk-blog.com/2013/08/300-million-year-old-machinery-found-in.html

The Voice of Russia and other Russian sources are reporting that a 300 million year old piece of aluminum machinery has been found in Vladivostok. Experts say a gear rail appears to be manufactured, and not the result of natural forces.

According to Yulia Zamanskaya, when a resident of Vladivostok was lighting the fire during a cold winter evening, he found a rail-shaped metal device which was pressed in one of the pieces of coal that the man used to heat his home. Mesmerized by his discovery, the responsible citizen decided to seek help from the scientists of Primorye region.

After the metal object was studied by the leading experts, the man was shocked to learn about the assumed age of his discovery. The metal artefact was supposedly 300 million years old, and the scientists suggested that it was not created by nature, but was rather manufactured by someone.



The question of who might have made an aluminum gear in the dawn of time remains unanswered.

The find was very much like a toothed metal rail, created artificially. It was like parts which are often used in microscopes, various technical and electronic devices.

Nowadays, finding a strange artifact in coal is a relatively frequent occurrence. The first discovery of this sort was made in 1851 when the workers in one of the Massachusetts mines extracted a zinc silver-incrusted vase from a block of coal, which dated all the way back to the Cambrian era, which was approximately 500 million years ago.


Sixty one years later, American scientists from Oklahoma discovered an iron pot which was pressed into a piece of coal aged 312 million years old.


Then, in 1974, an aluminum assembly part of unknown origin, was found in a sandstone quarry in Romania.

Reminiscent of a hammer or a support leg of a spacecraft, the piece dated back to the Jurassic era, and could not have been manufactured by a human. 



All of these discoveries not only puzzled the experts but also undermined the most fundamental doctrines of modern science.


Another question that interests Russian scientists is whether the aluminum alloy is of Earthly origin. It is known from the study of meteorites that there exists extra-terrestrial aluminum-26 which subsequently breaks down to magnesium-26.

The presence of 2 percent of magnesium in the alloy might well point to the alien origin of the aluminum artefact. It could also be evidence of some past, unknown civilization on Earth. Nonetheless, further testing is needed to confirm this hypothesis.

It is the first such finding in coal made in Russia, according to anomaly researcher and biologist Valery Brier, who took microscopic samples of the aluminum for testing. Valery Brier performed X-ray diffraction analysis of the metal.

It showed very pure aluminum with microimpurities of magnesium of only 2-4 percent. Analysis was also conducted by Senior Fellow of the St. Petersburg Institute of Nuclear Physics Igor Okunev who confirmed the age of the material according to Natalia Ostrovsky

While exploring core samples (rock samples) that were raised from a 9-meter depth during the drilling of the seabed to support the bridge on a Russian island near Cape Nazimova, strange metal alloys were discovered that were "preserved" in the prehistoric sandstone (240 million years old).

The  pieces of special alloys had an unusual composition, and were clearly not used in the drilling machinery.

Not so long ago in Russia a mechanical device was found in volcanic rock which was dated 400 million years before the current era (B.C.E)

It was found on the remote Kamchatka Peninsula, 150 miles from the village of Tigil, by archaeologists at the University of St. Petersburg, among some very strange fossils. The reliability of the finds has been certified.

According to archaeologist Yuri Golubev, the find amazed experts, as it was some kind of a machine.