Is the government trying to break up JPMorgan?

Published: Monday, 19 Aug 2013 | 1:29 PM ET
By: Jeff Cox | Senior Writer 
http://www.cnbc.com/id/100972097

Any doubt that the rules have changed for the way megabanks do business around the world should be removed now. 

News over the weekend that regulators had launched a probe into JPMorgan Chase's hiring practices in China provide further evidence that too-big-to-fail banks are in the firing line.

The bank is suspected of hiring the children of a prominent Chinese officials in an effort to curry favor among officials there, according to reports first filed by The New York Times's DealBook blog. Peddling influence in China is hardly a new business trend.
 
Prosecuting big-league Wall Street banks for doing so is.

(Read more: A bad day for Jamie Dimon just got a lot worse) 

"The old argument that, gee, this is just business as usual—that's not a legitimate excuse for JPMorgan," said Chicago-based securities attorney Andrew Stoltmann. "Even if other companies are doing the same thing, JPMorgan still potentially may be liable."

Liable for exactly what, though, is the question.

After all, while it may be unethical, it's hardly illegal for financial institutions or funds to hire based on political or family connections. Doing so is practically standard operating procedure in China, and the entire global business community for that matter. (Chelsea Clinton, who was hired at $12 billion hedge fund Avenue Capital when she was 26, comes to mind.)

"It is not at all unusual for investment banks to hire well-connected people, including children of management of existing or potential clients, whether in China or in other countries," David Webb, a former investment banker and now an investor and analyst in Hong Kong, told the South China Morning Post.


The problem comes with intent.

(Read more: Fitch rings warningbell on Canadian banks) 

"If there is an indirect kickback going on, for example, by paying a large bonus linked to the winning of business from the employee's father's company or the government, or even putting the child on the payroll without actually requiring him to work, then that could be corruption and should be investigated by the relevant authorities, including Hong Kong's ICAC if the offense took place here," Webb said.


The Post cited a handful of examples where well-heeled progeny landed plum spots with Chinese companies.

The specific cases the Securities and Exchange Commission is examining involve the daughter of a former railway official and the son of Tang Shuangning, a former regulator and now chairman of China Everbright Group. JPMorgan was one of a handful of banks looking to underwrite a planned capital rise by China Everbright.

While the case is potentially serious, it is still in the early stages; the SEC hasn't subpoenaed any actual documents but has only sent a request to JPMorgan to turn over information potentially relevant to the case.

But on a larger scale, this is only the most recent case of regulators training their sights on the top U.S. holding company by deposits, so suspicions of a witch hunt or fishing expedition are only natural.

The firm recently had two of its traders indicted in the "London Whale" case, in which the bank lost $6 billion on a bet that went awry.

(Read more: Two JPM workers charged in 'London whale' saga) 

"The United States government has made it a priority to break this company," said Dick Bove, vice president of equity research at Rafferty Capital Markets. "In my view, it wants the firm broken up and it wants the management changed. Every action that it has taken in the past few years is oriented toward this goal."


Bove alleged that there are "eight U.S. government agencies seeking ways to harm" JPMorgan and purposely leaked confidential documents to the Times as part of the effort, in which he believes the press also has been complicit.

"The government and the press are out to break up JPMorgan Chase," he said. "Its shareholders have a stake in this attack. They need to be careful."


Thus far, investors have taken a cautious view on the assault against JPM. Shares were down about 2 percent as of midday Monday and are down about 7 percent over the past 30 days, a period that has been rough on all the big banks.

(Read more: Buffett thanks BofA's CEO for $5.3 billion profit) 

With all of the coming actions, JPMorgan faces a $6.8 billion bill from future legal costs, above the level it has in reserves.

"It's the latest shot across the bow. Prosecutors are coming hard, regulators are coming hard," said Stoltmann, the securities lawyer.

"The SEC and regulators have come under blistering criticism for the lack of enforcement actions and criminal actions against bank and brokerage firm executives," he said. "So this seems to be the next best thing for regulators to do, which is look under every rock and see whether anything sticks."

—By CNBC's Jeff Cox. Follow him @JeffCoxCNBCcom on Twitter.

Benjamin Fulford - August 19, 2013: Why the “just following orders” mentality allowed the fascists to take over the West

Notice to readers: This week we return to pre-written material as I finish my holiday outside of the digital information matrix. Next week I will be back in Tokyo and will report the latest news about the upcoming autumn offensive against the cabal.

Canada, on the surface, seems to be the same as it always was, liberal, laid back and tolerant. However, despite having an open minded, free thinking population, it is clear the Stephen Harper government still in power has a fascist agenda and needs to be removed. It has been engaged in a stealth move to slowly, slowly impose a totalitarian agenda. The signs of this, and they are no doubt repeated in other Western countries, are easy to spot if you have been living outside their information matrix.

For those who wish to do their own fact checking there is a way to show the West is ruled by a secret totalitarian regime. Take a look at the ownership control of the Fortune 500 companies that dominate the economy. It can all be traced, as can the ownership of the Federal Reserve Board and the 12 largest banking corporations to four entities: BlackRock, State Street, Vanguard and Fidelity. The ownership by a few families (the usual suspects like Rockefeller, Rothschild, Warburg, Morgan etc.) of most economic activity of course includes ownership of the media, text-book publishing and educational institutions of import. This control matrix will be systematically dismantled over the coming months and years.

To understand how the control matrix set up by these families works let us look at the mild version they run in Canada. The official Canadian Broadcasting Corporation and other corporate propaganda media outlets (remember fascism is the dictatorship of corporations) are the most obvious examples.

Reading their “newspapers” and watching or listening to their broadcasts you begin to enter a surreal world in which Russia’s Vladimir Putin is not a democratically elected leader but rather a tyrant, where Barak Obama does not represent a government that tortures and murders with impunity and where Al Qaeda is either an ally or an enemy depending on which country they are talking about.

Many of my otherwise well-educated and intelligent family and friends here seem to think, for example, that homosexuals (or whatever the latest politically correct label is) are jailed and persecuted in Russia. This is because of relentless and increasingly crude propaganda about a law that makes it illegal to promote homosexuality to minors. In the West, of course, there are severe jail terms and persecution in place for people who promote heterosexuality to minors (it is labeled pedophilia). In any case, the people who rely on corporate and government media (including much of my family) for information in Canada have been left with the untrue impression that homosexuals were being imprisoned and tortured in Russia. This is fascist propaganda at its most blatant.

The must surreal example I saw was an Ottawa, Canada reality show that follows police as they go about their work. In the show I saw police were seizing “unregistered weapons” from a “purse thief.”

The police in the report were saying the suspect was arrested for stealing a woman’s purse and that the firearms were found in a subsequent search of his house. The police said the man stole the purse and fled alone in a taxi. However, in the show the Taxi driver, speaking in accented English, unmistakably repeated that the woman who supposedly had her purse stolen from her house was with the suspect e entire time. The weapons were old ones the “suspect” had inherited. It was an obvious case of trumped up charges being used as a pretext to seize weapons. The propaganda was so crude the shows’ producers apparently did not realize the policeman was lying on air and that the taxi driver’s testimony proved it. If I try to talk to my family about such things or events like 911, they become extremely agitated and refuse to listen.

It is the sort of -you cannot believe it is happening in Canada- event that is becoming all to frequent. The media are lying, the government is falling into the hands of thugs and, people with a vested interest in the system are in denial.

Fortunately the control matrix set up by these families has a fatal flaw. Western civilization is extremely militarized in its organization. Military power structures are characterized by highly centralized control and command. People are trained to follow orders, obey rules and go along with the public agenda. While the “I was just following orders,” excuse was supposed to have been debunked at the Nuremberg trials, a more insidious system has now replaced it. People involved in the military and the agencies or in the corporate government repeatedly use the phrase “that is above my pay grade,” to shut their minds and concentrate on their immediate orders.

The implication is that the more money somebody gets paid, the more they are allowed to know. What happens though is that if you seize the tiny group of people who control the money distribution process then suddenly you are above the pay grade of all these order obeying aparatchiks.

Seen from outside of the West, what is happening now is that the European Union and the United States are bankrupt vis a vis the rest of the world. Or, more accurately speaking, the families that own the rights to print dollars and Euros are also bankrupt.

So, if the creditors to these people are willing (and they say they are) then the financial control mechanisms are about to change hands. The implications are historical. Whoever controls the money controls, first of all, the wages of all the military and agency personnel in Europe and the US. Secondly they will get control of the corporations and the corporate propaganda matrix. Thirdly they will get control of all the scientific and educational funding as well as the scientific and educational publishing (publish or perish and all that).

Needless to say replacing one secret group with another is not going to make any long term difference. Instead, we need to make the power transfer as public and transparent as possible without endangering innocent lives.

Finding a new way for our species to chart its future is what we will work on this autumn.

Source:
http://benjaminfulford.net/2013/08/20/why-the-%E2%80%9Cjust-following-orders%E2%80%9D-mentality-allowed-the-fascists-to-take-over-the-west/

The Dark Side Of The Moon: What Is It? What’s On It?

August 14, 2013 by Arjun Walia

http://www.collective-evolution.com/2013/08/14/the-dark-side-of-the-moon-what-is-it-whats-on-it/

Have you ever heard about the “dark side” of the Moon? It’s the portion of the Moon that is permanently turned away from the Earth. Obviously it still receives sunlight, the name is not meant to imply that it doesn’t. The reason why we can never view this side of the Moon from Earth is because the time it takes for the Moon to rotate once is the same amount of time it takes for it to orbit around the Earth, approximately 27 days(5). The Moons rotation and revolution speeds are exactly synchronized, so from Earth’s point of view we always see the same side of our rotating Moon. Coincidence? Maybe not.

It’s also reasonable to note that the theories about  the Moon’s existence are highly questionable, given the physics alone it’s impossible to know how it came to be. Theories regarding the creation of the Moon have very little evidence to back them. Theories of planetary collisions giving birth to objects with such characteristics and perfect placements are highly unlikely given what we know about physics. Many scientists have pointed this out over the years and many of them agree that how the Moon came to be is a complete mystery. Members of the Soviet Academy of Sciences (Vasin and Shcherbakov, 1970), run by the Russian Government, published an article titled “Is the Moon the Creation of Alien Intelligence?” This article offered another explanation for how the moon may have been created. This seems to be a better hypothesis, because there is actually a considerable amount of evidence that points towards something suspicious happening on the Moon.

We cannot help but come to the conclusion that the Moon, by rights, ought not to be there. The fact that it is, is one of those strokes of luck almost to good to accept – Isaac Asimov, Russian Professor of Biochemistry

It’s easier to explain the non existence for the Moon, than its existence – NASA scientist Robin Brett

The best explanation for the Moon is observational error – the Moon doesn’t exist – Irwin Shapiro, Harvard Astrophysicist

Is there something on the dark side of the Moon?

When more people started to ask questions about some sort of presence on the Moon, the most common response was the fact that it would be impossible. That amateur astronomers, given the technology today, would be able to identify such claims with ease. This response is only half valid, given the fact that they would only be able to observe one side of the Moon!  A lot of information is available to suggest that there are some sort of structures on the moon and also some type of operation occurring that’s unknown to the majority of people on planet Earth. They could be human operations, extraterrestrial operations, or joint human and extraterrestrial operations. If you are going to hide something from the eyes of astronomers, the “dark side” of the Moon is the perfect place to do it.  Let’s take a look at some of the evidence that suggests something is going on up there.

Research conducted by Stanford university was successfully able to identify the rings around Jupiter before science could confirm them. Before the NASA pioneer 10 was about to flyby Jupiter, remote viewer Ingo Swann was able to describe the same characteristics illustrated by NASA’s pioneer 10 by remote viewing the planet (2). Remote viewing is the ability of individuals to describe a remote geographical location of up to several hundred thousand kilometres (even more) away. It’s like projecting your consciousness to another place outside of your body.  This phenomenon has been confirmed by multiple studies(1)(0). The interesting thing about remote viewing is that it gained a high level of interest from the intelligence community and the programs have been wrapped with secrecy in the classified world within the department of defence for years. (0)(1)(2).

It’s one thing to read about UFOs and stuff in the papers or in books. It is another to hear rumors which say they have captured extraterrestrials and downed alien space craft. But it’s quite another matter to find oneself in a situation which confirms everything. I found towers, machinery, lights, buildings, humanoids busy at work on something I couldn’t figure out – Ingo Swann  (3)

Ingo wrote plenty about the Moon and his findings on it, the fact that this man was closely connected and often used by the intelligence community (2)(3) should sound some alarms in realizing the importance of his work. Also, the fact that he successfully remote viewed Jupiter before modern science could is astonishing. These findings were published by Stanford University (2). You can find out more about Ingo’s findings on the Moon in his book, Penetration. He describes large structures, lights, buildings and some type of humanoid presence.

Ingo’s case isn’t the only one that holds a great deal of credibility. Not to long ago, Gary McKinnon performed the greatest military computer hack of all time. In 2002, he was charged and arrested for hacking US Army, Navy, Air Force as well as 16 NASA computers

What did Gary find? He found a list on “non-terrestrial off world officers” that had a rank. He was unable to tell if they represent the Air Force, Navy, Army, or neither. He also found multiple pictures of UFOs and lists of “fleet to fleet” transfers of materials from “ship to ship.” To watch a full interview with Gary McKinnon and Kerry Cassidy from Project Camelot, right before he started making headlines, you can click here. This interview became extremely popular and it led to Gary’s appearance on major mainstream news networks. Could they have been trying to divert attention away from this interview? I am glad to report that Gary has been recently cleared of all charges.

Not many people know that the United States Air Force has a space command(4), they are responsible for conducting “cyber operations” that the general public knows nothing about. Could Gary McKinnon have shed some light on these operations? How are we to ever know about these operations? All of them remain classified for the sake of “national security.”

The dangers of excessive and unwarranted concealment of pertinent facts, far outweigh the dangers that are cited to justify them. There is a very grave danger, that an announced need for an increased need for security, will be seized upon by those anxious to expand its meaning to the very limits of censorship and official secrecy. This is not what I intend to permit, to the extent that it is in my control – JFK

Given that the above information is highly credible and verifiable, meaning that there actually was a remote viewing experiment conducted by Stanford University (and many others) involving Ingo Swann (2), and that Gary McKinnon did indeed perform one of the greatest military computer hacks of all time, it made sense to continuing exploring this topic.

Here is testimony given in 2001 at the National Press Club. As part of the disclosure project created by Dr. Steven Greer, hundreds of high ranking military personnel came forward to share their stories. Below are a couple of whistle-blowers that speak about the Moon. I urge you to check out  Dr Greer’s and Amardeep Kaleka’s recent film, the The Sirius Documentary. It touches upon some very important information.

So what do you think rests on the dark side of the Moon? For some to say that we never went to the Moon is ridiculous. Sure, some of the Moon landings that were televised could have been faked, but the fact remains, we have been to the Moon and the real thing probably wasn’t televised.

Thanks for reading, hopefully I’ve presented enough information for you to further your interest if interested. It’s a very fascinating subject with a lot more information on it than what is presented in this article.

I don’t know if this is real, but it fits in perfectly with the article. Regardless, it engages the imagination, especially for skeptics, which isn’t a bad thing.

Sources:

(0)http://www.princeton.edu/~pear/pdfs/1979-precognitive-remote-viewing-stanford.pdf

(1)http://www.lfr.org/lfr/csl/library/AirReport.pdf

(2) http://www.scientificexploration.org/journal/jse_10_1_puthoff.pdf 

(3http://ia600605.us.archive.org/30/items/PenetrationTheQuestionOfExtraterrestrialAndHumanTelepathy/Penetration_Ingo_Swann.pdf

(4) http://www.afspc.af.mil

(5)http://lro.gsfc.nasa.gov/moonfacts.html

Vid from Fulford: 8- 2013 : OPPT and Keenan mentioned in Big world Shakedown this Fall:End World Poverty

Video from Benjamin Fulford: August 2013 : OPPT and Keenan mentioned in Big world Shakedown this Fall:End World poverty

Very very interesting and informative 26:48 minute VIDEO by FULFORD before he goes on a one month vacation "into the wilderness". 

Not All Channels Connect With Higher Divine Realms

Time for a little cleanup.

Whether it is being done knowingly or not this needs to be said.

As it is known we are in a world of duality and that extends into every nook and cranny.  Generally it’s not considered that this would include channeled sources.  But the truth is, it does.  Some sources are connecting with the higher realms and some are connecting with the archons.  The archons wish to disempower us and make us think we need them to save us.  By following this thought process of needing someone external to save us we freely give away our power to them.  There are a few easy ways to spot this type of channeling.

- You will have an odd feeling that doesn’t feel good.

- They will say we are coming to save you soon.

- They will not mention that you have a higherself.

- Parts of the message will praise you and other parts will make you think you need them to save you.

- These sources will also list dates many times that never happen and always give some excuse all to make you feel helpless and in fear.

True clear channels of higher sources would not include the above and always work to prop you up and show you your inner strength and abilities.

We claim we are system busters and that includes shining the light on all areas even our channels among us.

Source: http://silentwindsofchange.wordpress.com/2013/08/13/not-all-channels-connect-with-higher-divine-realms/

Your mortgage documents are fake!

Prepare to be outraged. Newly obtained filings from this Florida woman's lawsuit uncover horrifying scheme (Update)

BY DAVID DAYENhttp://www.salon.com/2013/08/12/your_mortgage_documents_are_fake/

Lynn Szymoniak (Credit: CBS News/60 MInutes)

If you know about foreclosure fraud, the mass fabrication of mortgage documents in state courts by banks attempting to foreclose on homeowners, you may have one nagging question: Why did banks have to resort to this illegal scheme? Was it just cheaper to mock up the documents than to provide the real ones? Did banks figure they simply had enough power over regulators, politicians and the courts to get away with it? (They were probably right about that one.)

A newly unsealed lawsuit, which banks settled in 2012 for $95 million, actually offers a different reason, providing a key answer to one of the persistent riddles of the financial crisis and its aftermath. The lawsuit states that banks resorted to fake documents because they could not legally establish true ownership of the loans when trying to foreclose.

This reality, which banks did not contest but instead settled out of court, means that tens of millions of mortgages in America still lack a legitimate chain of ownership, with implications far into the future. And if Congress, supported by the Obama administration, goes back to the same housing finance system, with the same corrupt private entities who broke the nation’s private property system back in business packaging mortgages, then shame on all of us.

The 2011 lawsuit was filed in U.S. District Court in both North and South Carolina, by a white-collar fraud specialist named Lynn Szymoniak, on behalf of the federal government, 17 states and three cities. Twenty-eight banks, mortgage servicers and document processing companies are named in the lawsuit, including mega-banks like JPMorgan Chase, Wells Fargo, Citi and Bank of America.

Szymoniak, who fell into foreclosure herself in 2009, researched her own mortgage documents and found massive fraud (for example, one document claimed that Deutsche Bank, listed as the owner of her mortgage, acquired ownership in October 2008, four months after they first filed for foreclosure). She eventually examined tens of thousands of documents, enough to piece together the entire scheme.

A mortgage has two parts: the promissory note (the IOU from the borrower to the lender) and the mortgage, which creates the lien on the home in case of default. During the housing bubble, banks bought loans from originators, and then (in a process known as securitization) enacted a series of transactions that would eventually pool thousands of mortgages into bonds, sold all over the world to public pension funds, state and municipal governments and other investors. A trustee would pool the loans and sell the securities to investors, and the investors would get an annual percentage yield on their money.

In order for the securitization to work, banks purchasing the mortgages had to physically convey the promissory note and the mortgage into the trust. The note had to be endorsed (the way an individual would endorse a check), and handed over to a document custodian for the trust, with a “mortgage assignment” confirming the transfer of ownership. And this had to be done before a 90-day cutoff date, with no grace period beyond that.

Georgetown Law professor Adam Levitin spelled this out in testimony before Congress in 2010: “If mortgages were not properly transferred in the securitization process, then mortgage-backed securities would in fact not be backed by any mortgages whatsoever.”

The lawsuit alleges that these notes, as well as the mortgage assignments, were “never delivered to the mortgage-backed securities trusts,” and that the trustees lied to the SEC and investors about this. As a result, the trusts could not establish ownership of the loan when they went to foreclose, forcing the production of a stream of false documents, signed by “robo-signers,” employees using a bevy of corporate titles for companies that never employed them, to sign documents about which they had little or no knowledge.

Many documents were forged (the suit provides evidence of the signature of one robo-signer, Linda Green, written eight different ways), some were signed by “officers” of companies that went bankrupt years earlier, and dozens of assignments listed as the owner of the loan “Bogus Assignee for Intervening Assignments,” clearly a template that was never changed. One defendant in the case, Lender Processing Services, created masses of false documents on behalf of the banks, often using fake corporate officer titles and forged signatures. This was all done to establish standing to foreclose in courts, which the banks otherwise could not.

Szymoniak stated in her lawsuit that, “Defendants used fraudulent mortgage assignments to conceal that over 1400 MBS trusts, each with mortgages valued at over $1 billion, are missing critical documents,” meaning that at least $1.4 trillion in mortgage-backed securities are, in fact, non-mortgage-backed securities. Because of the strict laws governing of these kinds of securitizations, there’s no way to make the assignments after the fact. Activists have a name for this: “securitization FAIL.”

One smoking gun piece of evidence in the lawsuit concerns a mortgage assignment dated Feb. 9, 2009, after the foreclosure of the mortgage in question was completed. According to the suit, “A typewritten note on the right hand side of the document states:  ‘This Assignment of Mortgage was inadvertently not recorded prior to the Final Judgment of Foreclosure… but is now being recorded to clear title.’”

This admission confirms that the mortgage assignment was not made before the closing date of the trust, invalidating ownership. The suit further argued that “the act of fabricating the assignments is evidence that the MBS Trust did not own the notes and/or the mortgage liens for some assets claimed to be in the pool.”

The federal government, states and cities joined the lawsuit under 25 counts of the federal False Claims Act and state-based versions of the law. All of them bought mortgage-backed securities from banks that never conveyed the mortgages or notes to the trusts. The plaintiffs argued that, considering that trustees and servicers had to spend lots of money forging and fabricating documents to establish ownership, they were materially harmed by the subsequent impaired value of the securities. Also, these investors (which includes the Treasury Department and the Federal Reserve) paid for the transfer of mortgages to the trusts, yet they were never actually transferred.

Finally, the lawsuit argues that the federal government was harmed by “payments made on mortgage guarantees to Defendants lacking valid notes and assignments of mortgages who were not entitled to demand or receive said payments.”

Despite Szymoniak seeking a trial by jury, the government intervened in the case, and settled part of it at the beginning of 2012, extracting $95 million from the five biggest banks in the suit (Wells Fargo, Bank of America, JPMorgan Chase, Citi and GMAC/Ally Bank). Szymoniak herself was awarded $18 million. But the underlying evidence was never revealed until the case was unsealed last Thursday.

Now that it’s unsealed, Szymoniak, as the named plaintiff, can go forward and prove the case. Along with her legal team (which includes the law firm of Grant & Eisenhoffer, which has recovered more money under the False Claims Act than any firm in the country), Szymoniak can pursue discovery and go to trial against the rest of the named defendants, including HSBC, the Bank of New York Mellon, Deutsche Bank and US Bank.

The expenses of the case, previously borne by the government, now are borne by Szymoniak and her team, but the percentages of recovery funds are also higher. “I’m really glad I was part of collecting this money for the government, and I’m looking forward to going through discovery and collecting the rest of it,” Szymoniak told Salon.

It’s good that the case remains active, because the $95 million settlement was a pittance compared to the enormity of the crime. By the end of 2009, private mortgage-backed securities trusts held one-third of all residential mortgages in the U.S. That means that tens of millions of home mortgages worth trillions of dollars have no legitimate underlying owner that can establish the right to foreclose. This hasn’t stopped banks from foreclosing anyway with false documents, and they are often successful, a testament to the breakdown of law in the judicial system. But to this day, the resulting chaos in disentangling ownership harms homeowners trying to sell these properties, as well as those trying to purchase them. And it renders some properties impossible to sell.

To this day, banks foreclose on borrowers using fraudulent mortgage assignments, a legacy of failing to prosecute this conduct and instead letting banks pay a fine to settle it. This disappoints Szymoniak, who told Salon the owner of these loans is now essentially “whoever lies the most convincingly and whoever gets the benefit of doubt from the judge.” Szymoniak used her share of the settlement to start the Housing Justice Foundation, a non-profit that attempts to raise awareness of the continuing corruption of the nation’s courts and land title system.

Most of official Washington, including President Obama, wants to wind down mortgage giants Fannie Mae and Freddie Mac, and return to a system where private lenders create securitization trusts, packaging pools of loans and selling them to investors. Government would provide a limited guarantee to investors against catastrophic losses, but the private banks would make the securities, to generate more capital for home loans and expand homeownership.

That’s despite the evidence we now have that, the last time banks tried this, they ignored the law, failed to convey the mortgages and notes to the trusts, and ripped off investors trying to cover their tracks, to say nothing of how they violated the due process rights of homeowners and stole their homes with fake documents.

The very same banks that created this criminal enterprise and legal quagmire would be in control again. Why should we view this in any way as a sound public policy, instead of a ticking time bomb that could once again throw the private property system, a bulwark of capitalism and indeed civilization itself, into utter disarray? As Lynn Szymoniak puts it, “The President’s calling for private equity to return. Why would we return to this?”

Update: This story previously suggested that banks settled this lawsuit with the federal government for $1 billion. That number is actually the total for a number of whistle-blower lawsuits that were folded into a larger National Mortgage Settlement. This specific lawsuit settled for $95 million. The post above has been changed to reflect this fact.

Benjamin Fulford - August 12, 2013

"There are still no firm dates for when the big, visible changes will happen but they will happen." 

The Feds, desperate to keep some power, are on the move with billions of fiat dollars in bribes

Despite a request that I not be contacted unless it was urgent, phone calls from Asia and Europe and messages hand delivered to my remote cottage all indicate that some sort of fundamental change has taken place in the global power structure. For example, the Federal Reserve Board Crime syndicate has begun a massive attempt to buy historical Asian bonds offering billions to holders they previously told to buzz off, according to Asian and BIS sources. This is an attempt on their part to keep some sort of power after what they now see as an inevitable sea change in how the planet’s financial system, and thus its true power, is run, according to MI5 sources in direct contact with the Fed bond buyers.

The Feds are now offering billions of dollars for historical bond boxes they used to buy for a few hundred thousands of dollars if they decided not to kill the would-be seller instead. This may be tempting to the holders of these bonds but they need to remember that at the end of the day the Feds will be lucky to emerge from all this with their skins intact.

In any case, the White Dragon Society has suggested to bond holders that there is no need to sell bonds with a face value of trillions of dollars for a fraction of what they are worth. Instead, the WDS will meet with representatives of the Feds, of Asian Secret Societies, of the illuminati and the committee of 300 in the autumn to try to come up with a win-win solution for everybody. In the meantime, it is recommended that people enjoy the rest of their holidays and charge their batteries for what is likely to be a historical fall in more than one sense.


The big geopolitical change that precipitated this sudden Fed change of heart is the move by Putin, the gnostic illuminati and their allies to force the US corporate government to close embassies throughout the Middle East. This has underlined, for all to see, the biggest geopolitical sea change in the West since the fall of the Soviet Union. Western Europe, which is deeply in debt to the rest of the world is now relying on Putin and his allies for energy. That means, in essence, Western Europe and the Middle East are no longer under cabal military control.

The Pentagon, although still in charge of by far the most potent military force on earth, no longer wishes to work for cabal oil interests in the Middle East. Instead, they are concentrating on successfully surfing the big switch in financial power to Asia and to anti-fascist forces in the West.

The background for this is that Asian royal families and other interests are now looking like they will finally get justice after over 100 years of being lied to and manipulated by the families that own the Federal Reserve Board.

In specific financial terms, hundreds of trillions of dollars of bonds issued by the Feds in exchange for Asian gold are likely to be used in a move to bankrupt the Federal Reserve Board. The Neil Keenan lawsuit is part of this effort.

Rather than be declared bankrupt, the families behind the Feds are now trying to buy up as many of these bonds as possible so that even if the Federal Reserve Board goes belly up, they can claim to have trillions of dollars’ worth of these bonds that are suddenly morphing from historical antiques into sources of major power.

A large portion of these bonds, several trillion dollars’ worth, have been pledged to the WDS banner. In addition, gold holders and military forces are lining themselves up to WDS goals. These are to start a massive project to end poverty, stop environmental destruction and set humanity on a path of exponential expansion into the universe. Compare this to cabal goals of a never ending fake, “war on terror” or a fraudulent global warming con job. The top leadership of the cabal was simply hoping to keep in power indefinitely by killing 5 billion people and enslaving the rest. This is extremely well documented.

In such circumstances it is a good idea to step back and look at the big picture. Global GDP, including offshore financial centers, is less than $100 trillion. Suddenly dumping tens or hundreds of trillions of dollars into the world economy will cause vast changes of the sort anybody could see.

If the money is just handed out like free booze, there would be a huge party followed by a huge hang over. At the end of the day, the same old gangsters would still be in charge.

However, just putting a trillion dollars a year into development projects would mean spending 20 times more than the World Bank, the cabal controlled world order’s largest development institution. That alone would be enough to end poverty.

On a deeper level, we need to realize that current so-called global institutions like the IMF, the World Bank, the United Nations, the World Court etc. have been run, in secret, by the families behind the Federal Reserve Board. The 20th century was largely their creation. They brought us two world wars, a cold war, terrorism, constant small wars and the accumulation of all of the world’s wealth and power into a tiny in-bred mafia clan. During that same century they have failed to end extreme poverty even as they presided over the extinction of 30% of all of the world’s species. That is the largest extinction event since the dinosaurs were wiped out.

What has happened, in a nutshell, is that the people who control the world’s military power have decided that the people they worked for, the ones who controlled the magical Fed private bank money printing press, needed to be replaced.

The big delay so far has not been any love for the people in charge but rather disagreement over what will happen next. Those disagreements are now ending. There are still no firm dates for when the big, visible changes will happen but they will happen.

There is still a lot that cannot be written about yet but rest assured the good guys are winning and the fascist coup d’etat seen in the West after 911 has ended in failure. Enjoy your summer holidays.


Source:
http://benjaminfulford.net/2013/08/12/the-feds-desperate-to-keep-some-power-are-on-the-move-with-billions-of-fiat-dollars-in-bribes/