|
LadyDragon is on Facebook plus for the latest breaking news please Follow @LadyDragon13 IMPORTANT LadyDragon Article --->Receive Money from your Debts, is your MoneyList done ? |
|
|
News - Freedom News - LadyDragon radio show - Videos - Keshe Foundation - FreeTechnology - Live Sports Streaming - Astronomy Picture of the Day |
Friday July 20, 2012 |
US Marshals Expose Biggest Financial Scandal in History By LadyDragon MONTREAL--(LadyDragon.com)20/07/12--David Wilcock just released his latest article about how the financial world really work by explaining The "Bow-Tie" Structure. Last year, I read an article that came out on August 28, 2011 on Planetsave called "Who runs the world"?. In the first such analysis ever conducted, Swiss economic researchers have conducted a global network analysis of the most powerful transnational corporations (TNCs). The "Bow-Tie" Structure is done this way;
Their results have revealed a core of 737 firms with control of 80% of this network, and a “super entity” comprised of 147 corporations that have a controlling interest in 40% of the network’s TNCs. In the Planetsave acticle, Barclay's is on the top of the list. This is why the importance of what is happening to Barclay's now.
The Great Revealing: US Marshals Expose Biggest Scandal in History The Department of Justice -- home of the US Marshals -- has now blown the lid off of the biggest financial scandal in human history... after a highly covert three-year investigation. The LIBOR scandal has started the Great Revealing of Financial Tyranny. Mass arrests must begin with mass charges, and mass court cases -- and that has now arrived. Disclosure of many great hidden truths will follow. THE TIME HAS COME Every person on Earth is increasingly aware that our world is ruled by corrupt forces -- to an almost Biblical degree. The astonishing events that have unfolded since June 27, 2012 have made that much more obvious -- even for those who have been in the greatest denial. This process has been fascinating to watch -- not to mention remarkably rewarding. After many years of hard work to expose the truth, we are finally seeing results -- on a worldwide level. The knowledge will spread much, much more with each passing day. In this new investigation, I will do my best to provide you with a blow-by-blow compendium of what has actually happened. Furthermore, we are now seeing a precise fulfillment of the justice we've been promising on this site since at least last November. Critical information was leaked to us from highly classified insider sources, working for the good of humanity. Current events have proven that their plan is still very much in effect. THE
FINANCIAL TYRANNY SERIES: A FULL BOOK-LENGTH
INVESTIGATION Every word of this investigation has been released for free. The bulk of our original findings are in the Financial Tyranny series.
The first and largest portion of our extensive investigation was released on Friday, January 13th, 2012. The remaining elements took almost another month to finish, and were published on Thursday, February 9th. You can begin by reading Sections One through Seven of Financial Tyranny here. Then go here to complete Sections Eight through Ten. This truth is admittedly painful to accept. You will probably have to go through a grief process once you understand the full scope of what is going on. Nonetheless, it is absolutely essential for everyone, as a planet, to end the denial and face the truth of our world -- as it actually exists today. THE MEDIA IS
ALSO IMPLICATED The Great Revealing has not yet become the one thing everyone is talking about. The arrests and resignations have only just begun -- and the mainstream Western media is equally as culpable as those controlling the financial system. After all, it's the same people. This is one of many popular notions that are proven in Financial Tyranny. It is no longer a "conspiracy theory." Vast psyops have been used -- including tens of thousands of professional online hit-men, paid to look like normal people sharing their opinion. Shame has been a very powerful weapon to stop people from learning the truth. No one wants to be "crazy" or hated for their beliefs. You are about to see a variety of article links where the writers express surprise that the American media isn't covering this story yet. As you are well aware, this has nothing to do with the press being "shy." They are simply staring into the face of their own destruction. THE
COMMODITY FUTURES TRADING COMMISSION -- WITHIN THE
DEPARTMENT OF JUSTICE On June 27, 2012, the Commodity Futures Trading Commission, or CFTC, filed a surprise legal order against Barclays Bank -- in a move that has shocked the world. A wealth of emails were presented, giving irrefutable evidence that Barclays was manipulating their own credit score -- to generate almost unthinkably vast profits. Here is the link where you can download the legal order yourself -- and a photograph of the top page of this historic document. This may not seem like a big deal at first -- but in order for Barclays to have rigged their own credit score, they had to be conspiring with all the other biggest banks in the world. These are the banks they are supposedly in competition with. This story has taken off with unprecedented, explosive force in the UK -- but is almost non-existent in the US, except on Huffington Post and alternative news sites. This legal action required extraordinary secrecy to perform. Had the Cabal gotten wind of it, they would have killed everyone involved.
ALL THE
BIGGEST BANKS ARE IN BED TOGETHER Indeed, the world just found out that all the biggest banks are in bed together. They are all implicated in a vast conspiracy to lie to the public, and create artificial investor confidence that benefits no one but themselves. Mass criminal charges are already being prepared -- by labor unions, local banks, local governments, state governments and federal governments -- as a result of this move by the Department of Justice. All the evidence is now freely available, as we will see -- and the story is nearly moving faster than we can keep up with at this point, with new developments on a day-by-day basis.
SOME PEOPLE
PROMOTE A GENOCIDAL BELIEF SYSTEM Some people are so war-weary that they refuse to believe anyone in government, military, finance, intelligence or the judiciary could be a trustworthy human being -- or want to do the right thing. As I have said before, this is ultimately a genocidal belief system that seeks to paint the world in black and white, reinforce victim consciousness, and create an "us" versus "them." Everyone in the "us" category is universally good... and everyone in the "them" category is diabolically evil. The evil ones must be utterly tortured and destroyed -- with prejudice. If even one of them survives, it will all grow back again. If this sounds like the teachings of a fundamentalist cult, you are absolutely correct. Hitler was only one of many who put these types of thoughts into practice. The reality is that humans are complex creatures. No one is "all good" or "all bad." Each person is quite capable of thinking for themselves -- regardless of where they work. Plenty of people now realize that the goals and aspirations of this cabal could literally destroy our entire planet. We cannot simply stand back and watch it happen. Actions must be taken.
THE NUMBER
OF "GOOD GUYS" IS NOW AS HIGH AS 75 PERCENT Between 70 to 75 percent of the United States military community is now aligned against the cabal as of this past week. This is according to top Pentagon sources I am in contact with, by one degree of separation -- as a result of years of building up insider contacts as a public investigator. Critical steps have been taken to remove powerful opposing forces that were loyal to the cabal -- who would have sabotaged this planetary healing process. Many brave men and women have put their lives on the line to uphold their Oath of Enlistment -- and defend our freedom. They deserve our respect and support. There is nothing more dangerous on Earth than to take on the ruling cabal. This also makes it a uniquely powerful act of valor. As a result of these heroic efforts -- including criminal investigations -- we are now seeing a Point of No Return for the global bankers. If you don't grasp that yet, the wealth of excerpts you are about to read may well change your mind.
THEY HAVE
BEEN WEAKER THAN WE REALIZED ALL ALONG In truth, these financial institutions have been much weaker than they led us to believe for years now -- since at least 2007. They have played around with their own credit reports to convince everyone that they are still a worthwhile investment. If they had told us the truth about how much trouble they were in, they would probably have already been exposed and defeated. A vast international alliance has been financially choking off the Cabal for years now -- knowing that their collapse is inevitable. They are still too powerful to be exposed until a collapse becomes visible to all. Their fraud is so vast that it encompasses every single type of financial investment there is -- stocks, bonds, commodities, currency, mutual funds, derivatives, mortages, loans, you name it. All the money there is in the world -- either real money or fake numbers in a computer -- has been manipulated to create the largest financial fraud in recorded history... so far. Many experts now estimate the amount of investments that are affected could be as much as 800 trillion ( ! ) dollars.
THE SCIENCE ALREADY CAME IN -- BUT NO ONE WAS PAYING ATTENTION Last September, an incredible scientific paper was released that proved, irrefutably, that the world is being controlled by a vastly interconnected cabal. It is rather ironic that these scientists are based in Switzerland -- the world capital of secretive, off-the-books banking. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf I am going to re-quote some of the first section of Financial Tyranny at this point, and add new material as well. PROOF OF A WORLDWIDE INTERLOCKING DIRECTORATE Three scientists from the Swiss Federal Institute of Technology in Zurich -- Vitali, Glattfelder and Battiston -- recently found conclusive proof that the world is being run by a vast interlocking directorate. The computer power, database and networking capabilities necessary to prove this point were not available until recently. Their results were published in New Scientist, a respected science magazine. A VAST COMPUTER DATABASE OF CORPORATIONS Glattfelder’s team unleashed an impressive armada of supercomputers on Orbis 2007 -- a very elaborate database of the top 37 million corporations and individual investors worldwide. The results were absolutely stunning. If you don't mind "getting your hands dirty" with scientific lingo, this excerpt from page 3 of their study explains more about the database and what they found. I have added emphasis where appropriate. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf We start from a list of 43060 TNCs [Trans-National Corporations] identified according to the OECD [Organization for Economic Co-operation and Development] definition, taken from a sample of about 30 million economic actors contained in the Orbis 2007 database (see IS Appendix, Sec. 2). We then apply a recursive search (Fig. S1 and SI Appendix, Sec. 2) which singles out, for the first time to our knowledge, the network of all the ownership pathways originating from and pointing to TNCs [Trans-National Corporations] (Fig. S2). The resulting TNC network includes 600508 nodes and 1006987 ownership ties…. MORE ABOUT THE DATABASE It may not seem possible that one database could generate the findings you are about to see. Therefore, for those who are interested, I want to point out additional information that appears on page 12, regarding the Orbis database and how it was used. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf The Orbis 2007 marketing database comprises about 37 million economic actors, both physical persons and firms located in 194 countries, and roughly 13 million directed and weighted ownership links (equity relations). [Orbis 2007: http://www.bvdep.com/en/ORBI ] Among many others, information on the industrial classification, geographical position and operating revenue of the actors are provided. This data set is intended to track control relationships rather than patrimonial relationships. Whenever available, the percentage of ownership refers to shares associated with voting rights…. THE "BOW-TIE" STRUCTURE
As you just read, the Swiss scientists identified a total of 43,060 trans-national corporations in the Orbis 2007 database. They were quite surprised to discover a "bow-tie" structure when they analyzed how these corporations were related to one another. The "bow-tie" is a visual metaphor of what their data actually looked like once they had everything mapped out. A bow-tie has a small central knot with two loops coming off of it. The equivalent of the bow-tie, in ther computer data, was a very small central knot of corporations with branches that extended out to a surprising majority of the entire system. In this case, it looks more like a circle with a bunch of red dots in the middle -- but notice how the dots are all clustered in the center. This brief explanation helps us understand some of the wording in the abstract of the paper, which summarized their findings at the beginning: http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf We find that transnational corporations form a giant bow-tie structure -- and that a large portion of control flows to a small, tightly-knit core of financial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policy makers…. A CORE OF 1,318 COMPANIES THAT RUN THE SHOW The Swiss team revealed that a very small ‘core’ of 1,318 companies was in direct control of many more corporations. In total, these corporations earned 20 percent of the world’s wealth, as we will see. This 'core' is the first level of the "bow-tie" structure they discovered. The 1,318 companies were the "knot" of the bow-tie, which extended out and entangled many other corporations. This excerpt from page 5 is where they first mention the core: http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf Thus, similar to the WWW [the Internet], the TNC [trans-national corporation] network has a bow-tie structure [21] (see Fig. 2 A and SI Appendix, Sec. 6). Its peculiarity is that the strongly connected component, or core, is very small compared to the other sections of the bow-tie… The core is also very densely connected, with members having, on average, ties to 20 other members (Fig. 2 C, D). As a result, about 3/4 of the ownership of firms in the core remains in the hands of firms of the core itself. In other words, this is a tightly-knit group of corporations that cumulatively hold the majority share of each other…. A GHOST IN THE MACHINE It is very, very strange that all these corporations, theoretically in competition with each other, all actually own each other's companies. The scientists were shocked, because the ownership was far more entangled and interrelated than anyone could ever have imagined -- even for those with the unsavory label of a "conspiracy theorist." These were not crackpots. Credible scientists explored virgin territory, using supercomputers and a vast database -- and discovered an astonishing "ghost in the machine." LET'S TAKE A CLOSER LOOK In this diagram, taken from the Swiss study, we see a better illustration of the core -- including some of the top players within it, and their relationships. Look closely. Some of these names should already be quite familiar to you:
Names that immediately jump out include Goldman Sachs, JP Morgan Chase, Lehman Brothers, Morgan Stanley, Bank of America, Merrill Lynch, Citigroup, UBS, Deutsche Bank and Barclays. These are almost all financial institutions. They are supposed to be in competition with each other. Most of their employees certainly think they are. What the hell are they doing by all owning each other's companies? THE GREATEST MAGIC TRICK ON EARTH It's almost like a magic show. The magician uses mis-direction to get his audience to look away from the stage, at just the right time, to create compelling illusions. In this case, the illusion would be that if you invest in one of these financial institutions, you are hoping that you will earn more profits than if you went with one of the others. No one knew that they were all actually working together. No matter which one of these companies you invest in, all your money is going to the same players. It's like a casino that is rigged to insure the "house always wins." THE CORE IS EARNING 20 PERCENT OF ALL THE PROFITS ON EARTH This is still just the beginning. It gets much more outrageous from here. This "core" of 1,318 companies owns other corporations that, in total, are earning 20 percent of all the money there is to make in the world. The quotes to prove this will appear in just a minute. This fact alone reveals that there is an astonishing monopoly at play in the world. Any interconnected matrix of control like this should be subject to vast, sweeping anti-trust legislation. Otherwise, there are all sorts of insider moves that can be made to financially exploit the people. THE CORE CONTROLS AN ADDITIONAL 60 PERCENT OF GLOBAL REVENUES -- OVER THEIR OWN 20 PERCENT! However, in addition to their own 20 percent share, the "core" also appeared to own and control the stock in a majority of all the largest companies in the world. These companies' profits add up to an additional 60 percent of global revenues. The results of our investigation just got much worse. This is nothing short of staggering: http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html Although they represented 20 per cent of global operating revenues, the 1318 [corporations] appeared to collectively own, through their shares, the majority of the world's large blue chip and manufacturing firms -- the "real" economy -- representing a further 60 per cent of global revenues…. [This] core of 1318 companies [had] interlocking ownerships. Each of the 1318 had ties to two or more other companies, and on average they were connected to 20 [other corporations]. A STUPEFYING AND HUMBLING DISCOVERY This kind of discovery can actually make your brain hurt. When we find out that 80 percent of all the money being earned in the world is all going into a centralized network, that's another way of saying "Everything is Under Control." The remaining 20 percent of "hold-outs" are probably in foreign nations who somehow managed to resist this vast Cabal. The 80-percent majority includes pharmaceutical companies, clothing manufacturers, agriculture providers, gadget-makers, mining consortiums, telecommunications companies, defense contractors, food manufacturers and the media complex. It's what we eat, what we drink, what we wear, what we drive, what we use, what we learn and what we are informed by. This is a stupefying and very humbling discovery. Once the average person steps back, absorbs this information and then passes out from intellectual fatigue, they are likely to wake up with nightmares. 737 CORPORATIONS HAVE 80 PERCENT OF THE CONTROL The magic trick isn't over. This is all still just the set-up, as the elusive magician draws us more and more into the realm of the fantastic -- and the impossible. Believe it or not, only 737 corporations control this network that directly earns 80 percent of all the world's profits. The smoke rises -- and the audience gasps in awe at how the magician could have ever pulled off a stunt like this. This next excerpt from page 6 of the paper reveals the truth -- in stark, black and white words on this screen. Don't let the technical jargon fool you. This single sentence has earth-shaking implications -- and everyone needs to know about it. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf In contrast, we find that only 737 top holders accumulate 80% of the control over the value of all TNCs [trans-national corporations] (see also the list of the top 50 holders in Tbl. S1 of SI Appendix, Sec. 8.3). TEN TIMES MORE CONTROL THAN THEY SHOULD HAVE BY PROFITS ALONE And that's still not all. The "top actors" within this group of 737 corporations have ten times more control than they should -- if the control was only based on how much money they are earning. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf In particular, the top ranked actors hold a control ten times bigger than what could be expected based on their wealth. The results are robust with respect to the models used to estimate control. THE SWISS WERE THE VERY FIRST TO DISCOVER THIS Now we tumble even deeper into the realm of the bizarre -- and the inexplicable. Just when you thought the magic trick was over, it gets even more outrageous. The Swiss team was astonished by this discovery of 737 corporations earning 80 percent of all the world's wealth -- in a closed, central network. No one talks about this. No one knew this. The Swiss were the very first, in human history, to discover this -- scientifically. It jumped right out of the data -- and was absolutely undeniable. Here, again, is what they said in the opening summary: http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf So far, only small national samples were studied -- and there was no appropriate methodology to assess control globally. We present the first investigation of the architecture of the international ownership network, along with the computation of the control held by each global player. Remember -- their discovery grew out of a complex analysis of 600,508 nodes, with 1,006,987 different connections between them. The computers are correlating vast amounts of information provided for each individual node -- and mapping how it all fits together. A “SUPER-ENTITY” OF 147 CORPORATIONS DIRECTLY CONTROL 40 PERCENT OF THE WEALTH Emboldened and mystified by this seemingly impossible discovery, the Swiss team then crunched the numbers even harder -- consuming what must have been months of computer processing time. Their hard work paid off -- with astonishing precision. By drilling down even harder, they found that within these 737 companies, there was a very deeply hidden “super-entity” of only 147 corporations. Together, this super-elite, good-old-boys-club of 147 companies directly earns a whopping 40 percent of all the wealth in the world. When the team further untangled the web of ownership, it found much of it tracked back to a "super-entity" of 147 even more tightly knit companies -- all of their ownership was held by other members of the super-entity -- that controlled 40 per cent of the total wealth in the network. THE TOP 147 ALSO APPEAR TO CONTROL 80 PECENT OF THE WORLD'S WEALTH, IN TOTAL Let's not forget that these 147 companies appear to be in complete control of the 737 corporations that we were just talking about. This was very difficult to find, and could not have been revealed without massive computer power -- which almost borders on artificial intelligence. Therefore, we now know that this "super-entity" of 147 companies likely controls 80 percent of all the money to be earned in the world. Without the advanced technology of supercomputers and chaos theory, no one would have been able to discover this. History has caught up to the Powers that Were. THE SAME PEOPLE RUN THE FEDERAL RESERVE Next question: What kind of companies do you think these top 147 corporations are? Remember – they control a staggering 40 percent of the world’s wealth. As it says on page 6 of the paper, 75 percent of the corporations within the “super-entity” were financial institutions. The top financial institutions within the “super-entity” should sound pretty familiar to you by now. They include Barclays Bank, JP Morgan Chase & Co., Merrill Lynch, UBS, Bank of New York, Deutsche Bank and Goldman Sachs. Our Swiss scientists did provide us with a list of the top 50 of these corporations -- fully one-third of the whole problem. THE TOP 50 COMPANIES RULING THE WORLD This list is featured in page 32 of the paper. From left to right, we see the Rank of the company, the Economic Actor Name, a two-digit Country code, a NACE Code, their Network Position, and their Cumulative Network Control (TM, %) The higher the Cumulative Network Control number you see at the far right, the more power they have. Notice right away that Barclays Bank is the number one most powerful corporation in the entire hidden network -- based on this analysis. 1 BARCLAYS PLC GB 6512 SCC 4.05 2 CAPITAL GROUP COMPANIES INC, THE US 6713 IN 6.66 3 FMR CORP US 6713 IN 8.94 4 AXA FR 6712 SCC 11.21 5 STATE STREET CORPORATION US 6713 SCC 13.02 6 JP MORGAN CHASE & CO. US 6512 SCC 14.55 7 LEGAL & GENERAL GROUP PLC GB 6603 SCC 16.02 8 VANGUARD GROUP, INC., THE US 7415 IN 17.25 9 UBS AG CH 6512 SCC 18.46 10 MERRILL LYNCH & CO., INC. US 6712 SCC 19.45 11 WELLINGTON MANAGEMENT CO. L.L.P. US 6713 IN 20.33 12 DEUTSCHE BANK AG DE 6512 SCC 21.17 13 FRANKLIN RESOURCES, INC. US 6512 SCC 21.99 14 CREDIT SUISSE GROUP CH 6512 SCC 22.81 15 WALTON ENTERPRISES LLC US 2923 T&T 23.56 16 BANK OF NEW YORK MELLON CORP. US 6512 IN 24.28 17 NATIXIS FR 6512 SCC 24.98 18 GOLDMAN SACHS GROUP, INC., THE US 6712 SCC 25.64 19 T. ROWE PRICE GROUP, INC. US 6713 SCC 26.29 20 LEGG MASON, INC. US 6712 SCC 26.92 21 MORGAN STANLEY US 6712 SCC 27.56 22 MITSUBISHI UFJ FINANCIAL GROUP, INC. JP 6512 SCC 28.16 23 NORTHERN TRUST CORPORATION US 6512 SCC 28.72 24 SOCIÉTÉ GÉNÉRALE FR 6512 SCC 29.26 25 BANK OF AMERICA CORPORATION US 6512 SCC 29.79 26 LLOYDS TSB GROUP PLC GB 6512 SCC 30.30 27 INVESCO PLC GB 6523 SCC 30.82 28 ALLIANZ SE DE 7415 SCC 31.32 29 TIAA US 6601 IN 32.24 30 OLD MUTUAL PUBLIC LIMITED COMPANY GB 6601 SCC 32.69 31 AVIVA PLC GB 6601 SCC 33.14 32 SCHRODERS PLC GB 6712 SCC 33.57 33 DODGE & COX US 7415 IN 34.00 34 LEHMAN BROTHERS HOLDINGS, INC. US 6712 SCC 34.43 35 SUN LIFE FINANCIAL, INC. CA 6601 SCC 34.82 36 STANDARD LIFE PLC GB 6601 SCC 35.2 37 CNCE FR 6512 SCC 35.57 38 NOMURA HOLDINGS, INC. JP 6512 SCC 35.92 39 THE DEPOSITORY TRUST COMPANY US 6512 IN 36.28 40 MASSACHUSETTS MUTUAL LIFE INSUR. US 6601 IN 36.63 41 ING GROEP N.V. NL 6603 SCC 36.96 42 BRANDES INVESTMENT PARTNERS, L.P. US 6713 IN 37.29 43 UNICREDITO ITALIANO SPA IT 6512 SCC 37.61 44 DEPOSIT INSURANCE CORPORATION OF JP JP 6511 IN 37.93 45 VERENIGING AEGON NL 6512 IN 38.25 46 BNP PARIBAS FR 6512 SCC 38.56 47 AFFILIATED MANAGERS GROUP, INC. US 6713 SCC 38.88 48 RESONA HOLDINGS, INC. JP 6512 SCC 39.18 49 CAPITAL GROUP INTERNATIONAL, INC. US 7414 IN 39.48 50 CHINA PETROCHEMICAL GROUP CO. CN 6511 T&T 39.78 YES, THERE IS A MONOPOLY -- AND THAT POSES SEVERE RISKS The next big question is whether this monopoly is engaged in cartel-style corruption. Do they secretly conspire to rig the markets and profit extensively? The Swiss scientists used the term "bloc" to describe such a cartel, as we will see in a bit. In this first excerpt from the Discussion section, they reveal that there is no direct evidence yet that this is being done -- but the implications are fearsome if there is. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf The fact that control is highly concentrated in the hands of few top holders does not determine if and how they are interconnected…. This remarkable finding raises at least two questions that are fundamental to the understanding of the functioning of the global economy. Firstly, what are the implication for global financial stability?.... Recent works have shown that when a financial network is very densely connected, it is prone to systemic risk [24, 16]. Indeed, while in good times the network is seemingly robust, in bad times firms go into distress simultaneously. This knife-edge property [25, 26] was witnessed during the recent financial turmoil [in the Lehman Brothers collapse of 2008]. THEY COULD FORM A CARTEL-STYLE "BLOC" THAT ELIMINATES COMPETITION In this next excerpt, our Swiss scientists admit that it is "not unlikely" that this centralized network could be playing dirty -- and cheating the world on a vast scale. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf Secondly, what are the implications for market competition? Since many TNCs in the core have overlapping domains of activity, the fact that they are connected by ownership relations could facilitate the formation of blocs, which would hamper market competition [14]. Remarkably, the existence of such a core in the global market was never documented before and thus, so far, no scientific study demonstrates or excludes that this international “super-entity” has ever acted as a bloc. THIS IS NOT AN UNLIKELY SCENARIO As we go on from here, the Swiss scientists remind us of other examples of cartel-style "blocs" that are already on the public historical record. http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf However, some examples suggest that this is not an unlikely scenario. For instance, previous studies have shown how even small cross-shareholding structures, at a national level, can affect market competition in sectors such as airline, automobile and steel, as well as the financial one [14, 13]. At the same time, antitrust institutions around the world (e.g., the UK Office of Fair Trade) closely monitor complex ownership structures within their national borders. [DW: Here, the scientists never consider that the regulatory agencies could also be compromised.] The fact that international data sets as well as methods to handle large networks became available only very recently, may explain how this finding could go unnoticed for so long…. THE SCIENTISTS DIDN’T WANT TO STICK THEIR NECKS OUT To be fair, these scientists did say this could all be due to the magic of Chaos theory. They said this could all be a “logical phase” of the “self-organizing” nature of complex systems – such as the global economy: "Such structures are common in nature," says Sugihara…. Or as Braha puts it: "The Occupy Wall Street claim that 1 per cent of people have most of the wealth reflects a logical phase of the self-organising economy." So, the super-entity may not result from conspiracy. The real question, says the Zurich team, is whether it can exert concerted political power. Driffill feels 147 is too many to sustain collusion. Braha suspects they will compete in the market but act together on common interests…. "It's disconcerting to see how connected things really are," agrees George Sugihara of the Scripps Institution of Oceanography in La Jolla, California, a complex systems expert who has advised Deutsche Bank. THE END OF THE PAPER IS WORDED MORE BOLDLY You never waste words when you write up a scientific paper after years’ worth of hard work. Bearing that in mind, read the last paragraph of the actual paper itself: http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf This is the first time a ranking of economic actors by global control is presented. Notice that many actors belong to the financial sector… and many of the names are well-known global players…. This means that they do not carry out their business in isolation but, on the contrary, they are tied together in an extremely entangled web of control. This finding is extremely important since there was no prior economic theory or empirical evidence regarding whether and how top players are connected. Finally, it should be noted that governments and natural persons are only featured further down in the list. Then add this line in from the second-to-last paragraph of the first part of the paper, on page 8: Our results show that, globally, top holders are at least in the position to exert considerable control, either formally (e.g., voting in shareholder and board meetings) or via informal negotiations. WHAT KIND OF "INFORMAL NEGOTIATIONS" ARE WE TALKING ABOUT HERE? Let's be clear that the Swiss scientists suggested the possibility of "back-room dealings" -- the type of insider cheating that conspiracies are made of. This is what they are calling "informal negotiations." Now, with the LIBOR scandal, we have the proof that these "informal negotiations" are indeed taking place -- and the world has been electrified. All 16 of the top financial institutions in the world have been secretly conspiring, with each other, to defraud the public. This has now become common knowledge in the last three weeks. With this scientific backdrop, the significance of what you are about to read will be much greater. BARCLAYS WAS DIRECTLY TARGETED Again, as of June 27, 2012, action was taken against Barclays Bank by the Commodities and Futures Trading Commission, or CFTC, to make this knowledge public -- on a mass scale -- for the very first time. Let's not forget that Barclays was the number one most powerful entity in the "super-entity" of 147 corporations discovered by the Swiss scientists. Their information has been publicly available since last September, and was prominently featured in Section One of Financial Tyranny, published in January 2012. US FEDERAL MARSHALS ARE RESPONSIBLE FOR THIS The CFTC is the financial investigation branch of the Department of Justice. The personnel who enforce the law on behalf of the Department of Justice are the US federal Marshals. The US federal Marshals are the only entities legally capable of taking down this cabal -- which has seized control of the world and its resources to an astonishing degree. The Marshals are allowed to cross state borders, and can enlist the support of the police and the military to aid in their enforcement of the law. These tools are absolutely critical in defeating such a vastly interconnected entity. All of these details fit perfectly with the "Mass Arrests" scenario we've been heavily tracking on this website since last November. In order to do mass arrests, you have to start with mass charges -- leading to mass court cases. The Department of Justice has now kicked this process into high gear. As you will see, the outraged public is already calling for mass arrests as the scope of the conspiracy sinks in.
THE FEDERAL RESERVE SYSTEM At the center of this octopus of global control is the Federal Reserve System. It was originally called the National Reserve System, and was presented in 1911 and 1912 via the Aldrich Plan. The idea was to outsource the control of the US financial system to a private consortium of international bankers. Americans then essentially rent their money from these bankers -- and pay them for the honor of using it. As billionaires, the trust and collateral of these bankers is supposedly superior to any "reserve" within the US government itself. This vintage cartoon shows how there was a widespread understanding, in the early 20th Century, of the danger we faced if we allowed private bankers to seize control of our financial system.
WHAT WERE
THE RESULTS? This problem did not begin in 1911. Once you have read Financial Tyranny, you will be well aware that it goes back to at least the 1700s. The results of the Federal Reserve were elegantly summed up by the Ron Paul site: Ron Paul Site -- Audit the Federal Reserve http://www.ronpaul.com/congress/legislation/audit-the-federal-reserve-fed-hr-459-s202/ The Federal Reserve is the chief culprit behind the economic crisis. Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle -- and causes one financial bubble after another. Since the Fed’s creation in 1913, the dollar has lost more than 96% of its value, and by recklessly inflating the money supply, the Fed continues to distort interest rates -- and intentionally erodes the value of the dollar. For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank. And in 2009 and 2010, his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks. The bill passed as an amendment both in the House Financial Services Committee and in the House itself. But eventually the most significant portions of the bill were derailed. (Full story here.) NOT THIS TIME Ron Paul's original bill led to a shocking disclosure. The Federal Reserve paid 26 trillion dollars in bailouts -- with American money it printed, without our permission -- to its own member banks surrounding the financial crash of 2008. This has still not created anywhere near the degree of outrage that it should have. Corporate media has completely ignored it -- because to publicize it would speed their own destruction. Here is a small part of the letter where Congressman Alan Grayson reveals how he found this number, in the newly-audited Federal Reserve balance sheets, to John Hively -- “The World’s Most Accurate Economic Forecaster Since 1989”. CONGRESSMAN GRAYSON: I wouldn’t want anyone to think that I’m dramatizing or amplifying what this GAO report says, so I’m just going to list some of my favorite parts, by page number. Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each. The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank. Page 205 – Separate and apart from these “broad-based emergency program” loans were another $10,057,000,000,000 in “currency swaps.” In the “currency swaps,” the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries…. These currency swaps and the “broad-based emergency program” loans, together, totaled more than $26 trillion. That’s almost $100,000 for every man, woman, and child in America. That’s an amount equal to more than seven years of federal spending — on the military, Social Security, Medicare, Medicaid, interest on the debt, and everything else. And around twice America’s total GNP…. If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can’t find a full-time job? NOW
THE AUDIT HAS THE POTENTIAL TO BE COMPLETED However, as the above quote from the Ron Paul site reveals, "the most significant portions of the bill were derailed." That all may have just changed. The magic date should sound quite familiar by now -- June 27, 2012. June 27: Ron Paul's Audit The Fed Bill Clears House Panel, Unopposed! http://thehill.com/blogs/on-the-money/economy/235055-house-panel-clears-fed-audit-bill The House Oversight Committee easily cleared legislation Wednesday that would require a top-to-bottom audit of the Federal Reserve. The bill, sponsored by Rep. Ron Paul (R-Texas), was advanced by the committee on a bipartisan voice vote with no vocal opposition. The measure, which has garnered 257 co-sponsors from both parties, would require the Government Accountability Office (GAO) to conduct a full audit of the Fed's operations, including its monetary policy deliberations, for the first time.... Before the audit bill cleared the oversight committee on Wednesday, ranking member Elijah Cummings (D-Md.) attempted to introduce an amendment that would prevent the GAO from auditing the Fed's deliberations on monetary policy. Cummings withdrew the amendment after Chairman Darrell Issa (R-Calif.) voiced opposition, saying it "essentially guts this bill." Issa maintained it was ironic that Congress took an intense interest in the $2 billion and counting in losses suffered recently by JPMorgan Chase when it "pales in comparison" to the Fed's multi-trillion dollar portfolio. "It is long past time for a real audit," he said. Fed Chairman Ben Bernanke has previously opposed congressional attempts to audit the Fed's monetary policy deliberations, saying it would expose the politically independent institution to lawmaker pressure. VERY INTERESTING THAT BOTH OF THESE THINGS HAPPENED ON THE SAME DAY I find it very interesting that the Department of Justice blew the whistle on the LIBOR scandal on the same day that the new Audit the Fed bill passed the House Committee. Clearly there is a "read between the lines" message being given here -- for those who are paying attention. The Federal Reserve IS the heart of the "cartel" of bankers that are manipulating the LIBOR rate. It is safe to say that the Federal Reserve and its affiliates were completely caught off guard by this surprise one-two punch -- and have been scrambling to contain the damage ever since. Though this has now become a tremendously significant issue in Great Britain, the controlled US monopoly press has essentially been plugging its ears and humming, hoping it will just go away. Just as I was preparing to publish this, we had another tragic mass shooting in Colorado. Once you've read Financial Tyranny, you may start to wonder if these "lone nut" assassins are really acting alone. Stories like this can dominate the headlines for weeks -- and wash away other, embarrassing issues for the Cabal in the meantime. ROLLING STONE'S MATT TABIBI EXPLAINS THE LIBOR SCANDAL This next video is an excerpt from Elliott Spitzer's show, Current TV -- and has completely gone viral, for good reason. It very nicely summarizes what the people have now learned as a result of the LIBOR scandal -- and should be considered "required viewing" for anyone seeking to understand this. July 3: Matt Tabibi Explains LIBOR Scandal – It’s Over for the Banking Cartel http://www.youtube.com/watch?v=0oV2mI0IYp8 THE ORIGINAL WRITEUP FROM CURRENT TV Here is the original writeup of this show, as it appears on the Current TV website. Additional information is provided that is not in the video -- and it is nicely summarized. July 3: Original Link on Current TV to Spitzer / Tabibi Interview “Viewpoint” host Eliot Spitzer, Matt Taibbi, Rolling Stone contributing editor, and Dennis Kelleher, president and CEO of Better Markets, analyze the Libor interest rate–rigging scandal engulfing the banking industry. Barclays CEO Bob Diamond recently resigned after the bank was fined $453 million for its part in the scandal, which involved manipulating the London Interbank Offered Rate (Libor), a key global benchmark for interest rates, by essentially “faking their credit scores,” according to Taibbi. And as Taibbi explains, Barclays couldn’t have acted alone. “It can’t just be Barclays and the Royal Bank of Scotland. In fact, it can’t even be four banks or even five banks,” he says. “Really, in the end it’s probably going to come out that it’s going to be all of them … involved in this. And that’s what’s critical for people to understand: that this is a cartel-style corruption.” Kelleher argues that the Libor scandal is proof that the financial industry “is corrupt and rotten to its core.” “The same executives [using] the same business model that crashed the entire financial system in ’08 are still running these banks,” he says. AL-JAZEERA'S "INSIDE STORY" DOES A NICE JOB AS WELL Television news often lacks explosive drama -- but not in the case of the July 4th episode of "Inside Story" on Al-Jazeera! Beginning at 11:55, the host Mike Hannah asks Philip Booth, Programme Director for the Institute of Economic Affairs, if manipulation should become a crime, rather than a "moral mistake." Then, at 12:26 into the video -- very shortly after Philip Booth begins his answer -- Max Keiser starts screaming that Philip Booth is lying. It was quite a dramatic moment in the often-sterile world of television news. The whole video is worth watching, but definitely check it out at 11:55 if you don't have time to see the rest. July 4: Excellent Al-Jazeera “Inside Story” on LIBOR Scandal http://www.youtube.com/watch?v=NI55EDP3T2I&feature=related TRANSCRIPT
OF MAX KEISER'S BIG MELTDOWN MIKE HANNAH: [11:55] So the question here is, should some international body be regulating the regulators of a system that appears to assume that everyone acts honestly? And, Philip Booth, should the emphasis be on legal rather than regulatory sanction? In other words, make manipulation a crime, rather than some moral mistake? PHILIP BOOTH: Yes, I really don't understand the point of view that suggests that somehow London is very lightly regulated markets, and that's why all this fraud and these misdemeanors take place. MAX KEISER: (screaming) Because that's the reality of the situation! OK? Stop peddling out lies! Deregulation? There's NO regulation! You can re-hypothecate to infinity in London! Stop telling lies! People are being suffered for austerity because panel members like that are lying! That's absolutely unacceptable! You can't have somebody come on your show and lie like that! London is a cesspool! There is no regulation -- and the Bank of England is totally implicated in this scandal! [MICRPHONE TURNED OFF] AND
NOW FOR THE PLAY-BY-PLAY Barclays has been fined £290m for attempting to manipulate the world’s benchmarking borrowing rate in a blow to the bank’s reputation that has raised questions over the future of chief executive Bob Diamond. The Financial Services Authority fined Barclays a record £60m, saying staff at the bank had repeatedly made false submissions to help set the London Interbank Offered Rate (Libor). The rate is used to fix the cost of borrowing on mortgages, loans and derivatives worth more than $450 trillion (£288 trillion) globally. Investigators from the FSA and the US Commodity Futures and Trading Commission said they had found evidence that Barclays had tried to manipulate Libor for several years in the run up to the financial crisis and in its aftermath. Emails uncovered as part of a three-year investigation into claims that Barclays and other banks attempted to inflate and suppress Libor show the extent of the scandal. In one message sent to a Barclays employee involved in the bank’s Libor submission, a trader asked for the rate to be set “as high as possible today”, to which the unnamed staff member replied “sure”. In another, a trader from an unnamed rival bank thanks a Barclays trader for successfully getting the lender’s Libor rate lowered, saying: “Dude. I owe you big time! Come over one day after work and I’m opening a bottle of Bollinger.” About a dozen banks are being investigated as part of the Libor probe, including state-backed lenders Lloyds Banking Group and Royal Bank of Scotland, as well as many of the largest US and European investment banks. A
SUMMARY OF THE EMAILS The report from the US Commodity Futures Trading Commission (CFTC) highlights communications between Barclays traders and those tasked with submitting Libor estimates which it claims show an attempt to manipulate rates on "numerous occasions and sometimes on a daily basis". CHRONOLOGY OF EVENTS ON THE DAY THE SCANDAL BROKE Events moved at lightning speed in the UK when the scandal broke. Here is a link to a summary of what happened that day. June 28: Barclays LIBOR Scandal As It Happened http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9361646/Barclays-Libor-scandal-as-it-happened-June-28-2012.html David Cameron says Barclays has "serious questions to answer" over Libor fixing and George Osborne describes the scandal as a "shocking indictment" of the banks amid calls for the bank's chief executive Bob Diamond to resign. BRITAIN'S TOP BUSINESS LOBBYING GROUP CALLS LIBOR SCANDAL "DEPLORABLE" Two days after it started, the head of Britain's top business lobbying group expressed his horror at the depth of this scandal. June 29: Britain's Top Business Lobbying Group Calls LIBOR Scandal "Deplorable" http://news.sky.com/story/954195/cbi-boss-barclays-scandal-deplorable "The manipulation of the LIBOR arrangements is deplorable and undermines international trust in the integrity of the City. This weakness must be addressed and the culprits punished. "We should be mindful, however, of the importance of banking to the UK economy and that throwing out the baby with the bathwater is in no-one’s interest provided the baby is clean." BARCLAYS CEO
WAS DETERMINED TO STAND HIS GROUND As Bob Diamond announces he won't step down over the rate-fixing scandal, Sky News takes a look at the controversial man behind the headlines. GERMAN PRESS BLOWS THE WHISTLE ON THE VATICAN Many investigators claim that the Vatican is at the epicenter of this vast, interlocking global corporate cabal. The people orchestrating the mass arrests from the inside also know this -- based on information I and others have gathered. On July 2nd, an important article appeared in the German press about the ever-accelerating Vatican Bank scandal, which began kicking into high gear as of June 5th, 2012. This is all part of the orchestrated series of disclosures that must precede the mass arrests. July 2: Growing Vatican Bank Scandal Threatens Catholic Church Image http://www.spiegel.de/international/europe/a-growing-vatican-bank-scandal-threatens-catholic-church-image-a-842140.html The Vatican scandal over shady bank accounts and millions in suspect transfers began shortly before sunrise on June 5 on Via Giuseppe Verdi, a picturesque street in the old part of Piacenza, a town in northeastern Italy…. The documents confiscated from Gotti Tadeschi, a former confidant of the pope, provided Italian law-enforcement officials insight into the innermost workings of the Vatican bank. The secret dossier includes references to anonymous numbered accounts and questionable transactions as well as written and electronic communications reportedly showing how Church banking officials circumvented European regulations aimed at combating money-laundering. A Possible Motive The drama unfolding in the Vatican is now heading toward a climax…. Several high-ranking officials within the Curia viewed the bank, officially known as the Institute for Works of Religion (IOR), as something akin to a trust company for clandestine monetary transactions that is not only used by the Church, but allegedly also by the mafia as well as corrupt politicians and companies. In one of the seized Gotti Tedeschi memos, he wrote: "I've seen things in the Vatican that scare me." It is a clear turning, one which transforms the so-called "Vatileaks" affair into a financial scandal that could seriously damage the reputation of the Holy See. Internal correspondence dated May 22 from a member of the bank's supervisory board to the Vatican's Secretariat of State notes that the Vatican bank is presently "in an extremely fragile and precarious position" and that the situation had reached "a point of imminent danger."…. THE VATICAN
LEADERSHIP IS ALARMED The Vatican leadership is alarmed. Archbishops and cardinals are far from thrilled that Italian officials are now rummaging around in their secret affairs. Papal spokesman Federico Lombardi has openly threatened Italy's law-enforcement apparatus and urged it to kindly respect "the sovereign rights of the Holy See." In other words, he believes that all those documents including confidential details about the Vatican bank that were seized during the search of Gotti Tedeschi's home should not be in the hands of Italian investigators…. Its business model depends on keeping things as shrouded as possible from all financial authorities. Capital gains are untaxed, financial statements are not disclosed and anonymity is guaranteed. The bank's exotic status of belonging to a religious monarchy in a sovereign state the size of a city park has shielded it from investigations and unpleasant external monitoring…. The Vatican has yet to divulge the business practices its bank has been using for decades. "There is fear that, owing to the transparency necessary today, one will find something in the past that one doesn't want to," says Marco Politi, a Rome-based Vatican expert. Such things could include a complex system of ghost accounts and shell companies like the bank had when Archbishop Paul Casimir Marcinkus was its head in the 1980s…. INCESTUOUS RELATIONSHIP WITH JP MORGAN Remember that JP Morgan is the sixth most powerful corporation in the entire "super-entity" of 147 companies identified by the Swiss scientists. This "super-entity" controls 80 percent of the world's wealth. Now we know that there was an incestuous relationship between JP Morgan and the Vatican Bank. In 2009, the same year that Gotti Tedeschi took over as president of the IOR, the bank set up an account with the Milan-based branch of the American bank JPMorgan Chase. From that point on, millions started flowing on an almost daily basis from JPMorgan's Milan office to the one in Frankfurt, where the IOR also had a JPMorgan account. Vatican officials opted for a special account in Milan with the number 1365, a so-called "sweep facility account," which was automatically zeroed out at the end of each day. The Vatican bank confirmed the existence of this account late last week, though it said it was primarily used for handling securities transactions. Through last year, this financial set-up was allegedly used to process more than a billion euros for the Vatican bank. Italian investigators suspect that it was also used to launder funds from dubious sources. JP MORGAN DIVORCES THE VATICAN BANK On March 19, 2012, JP Morgan shocked the financial world by suddenly and abruptly "divorcing" the Vatican Bank. The announcement was made public after the separation had already started -- and less than two weeks before the divorce was complete. This was clearly a sign that the Federal Reserve bankers knew troubles were ahead -- and were scrambling for cover as they broke into rival, warring factions. March 19: JP Morgan Divorces the Vatican Bank http://www.huffingtonpost.com/2012/03/19/vatican-bank-image-hurt-closed_n_1363432.html VATICAN
CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is
closing the Vatican bank's account with an Italian branch
of the U.S. banking giant because of concerns about a
lack of transparency at the Holy See's financial
institution, Italian newspapers reported. BARCLAYS CEO SUDDENLY RESIGNS ON JULY 2ND Now, as we jump back into our timeline, the Vatican scandal got worse as of June 5th, after JP Morgan fled the scene -- and the story got major publicity as of July 2nd. Then, the very next day, the CEO of Barclay Bank suddenly resigned -- even after he had been digging his heels in and saying "hell no, I won't go" before that. What kind of pressure was applied to Mr. Diamond to make him suddenly shift so dramatically? July 3: Barclays CEO
Suddenly Resigns, 24 Hours After Defiant Self-Defense http://uk.news.yahoo.com/barclays-chief-executive-bob-diamond-resigns-064421614--finance.html Investors are unsure "whether they're getting accurate and honest information" from companies looking to sell stock to the public and uncertain "whether the market structure itself is tilted against the individual investor and in favor the institutional investor," Schapiro said. A recent survey from financial research and advisory firm Tabb Group reported that 31 percent of investors had "weak" or "very weak" confidence in the stock market, compared with 15 percent in 2010. “There are some people out there feeling like the game is rigged,” said Frederick. “There have been enough events to make them suspicious. I think that’s unfortunate. And the industry needs to continue to make efforts to allay the concerns.” BARCLAYS
BETRAYS THE ROTHSCHILDS -- I.E. THE BANK OF ENGLAND A memo published by Barclays suggested that Paul Tucker gave a hint to Bob Diamond, the bank’s chief executive, in 2008 that the rate it was claiming to be paying to borrow money from other banks could be lowered. His suggestion followed questions from “senior figures within Whitehall” about why Barclays was having to pay so much interest on its borrowings, the memo states. Barclays and other banks have been accused of artificially manipulating the Libor rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money. The bank claimed yesterday that one of its most senior executives cut the Libor rate only at the height of the credit crisis after intervention from the Bank of England…. The disclosure of the document threatened to plunge one of the biggest high street banks into open war with the country’s central bank, which will soon assume responsibility for regulating Barclays. In one of the most dramatic days in British corporate history, Mr Diamond resigned yesterday, less than 24 hours after telling staff he was the right man to reform the bank…. MATT TABIBI DROPS A BIG ARTICLE ON LIBOR ON JULY 3RD Also on July 3rd, the same day he appeared on Current TV, Matt Tabibi released a significant article on the LIBOR scandal. His journalism blends a gut-level realism with exceptional research -- and therefore has a way of cutting through the jargon and getting to the core of the issue July 3: Why Is Nobody Freaking Out About the LIBOR Scandal? http://www.rollingstone.com/politics/blogs/taibblog/why-is-nobody-freaking-out-about-the-libor-banking-scandal-20120703 The LIBOR manipulation story has exploded into a major scandal overseas. The CEO of Barclays, Bob Diamond, has resigned in disgrace; his was the first of what will undoubtedly be many major banks to walk the regulatory plank for fixing the interbank exchange rate. The Labor party is demanding a sweeping criminal investigation. Mervyn King, Governor of the Bank of England, responded the way a real public official should (i.e. not like Ben Bernanke), blasting the banks: It is time to do something about the banking system… Many people in the banking industry are hardworking and feel badly let down by some of their colleagues and leaders. It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal. The furor is over revelations that Barclays, the Royal Bank of Scotland, and other banks were monkeying with at least $10 trillion in loans (The Wall Street Journal is calculating that that LIBOR affects $800 trillion worth of contracts)…. That is explosive stuff… The implications of that part of the story should be particularly chilling to Americans, who in recent years have been party to a number of revelations about strange and seemingly inappropriate contacts between senior regulatory officials and big bankers during the heat of the crisis. We know that American officials in 2008-2009 were extremely concerned about the appearance of weakness in the financial markets, so much so that they may have resisted pursuing criminal prosecutions against big banks, and we also know that they spent a lot of time commiserating with Wall Street figures before and during the crisis…. TABIBI
REVEALS "IT'S LIKE THE WORLD'S ECONOMY IS BUILT ON
QUICKSAND" Anyway, the LIBOR
story is leading the front pages of most of
Britain’s dailies, it’s on TV, and it’s producing blistering
editorials and howls of outrage amongst politicians and
activists. But as compadre Yves Smith at Naked
Capitalism put it, where’s the
outrage here in
America?.... The New York Times, meanwhile,
did chime in with a house editorial yesterday, and it was appropriately somber.
And there has been some coverage in the financial press.
But to me what’s missing from all of this is
the “Holy F--king S-it!” factor. THE IRS GETS
AUDITED FOR BILLIONS OF DOLLARS IN FRAUD -- JULY 3RD Furthermore, on July 3rd we found out the IRS was being audited -- for billions of dollars in fraud. The IRS is not innocent in all of this either. Corruption exists through/out the entire system -- as we are increasingly finding out. Their own employees have now turned against them. July 3: IRS Gets Audited -- For Allowing Billions of Dollars in Fraud www.wnd.com/2012/07/and-finally-the-irs-gets-audited/ The federal agency that strikes fear into many U.S. taxpayers is getting a dose of its own medicine – as it is now the focus of a year-long audit for allowing illegal aliens to scam the system and bilk taxpayers out of billions of dollars every year. Federal employees are blowing the whistle on the Internal Revenue Service, according to a report by Indianapolis television station WTHR-TV…. Howard Antelis, a tax examiner at the IRS’ ITIN processing center in Austin, Texas, explained: “We were being told by upper management to ignore fraud, to assign ITIN numbers and … pay out refunds to people who are lying. It’s a license to steal when you allow that.”… Antelis said he reported the scams regularly to his managers – for years – with no result. Frustrated with the inaction, he called the Inspector General’s office in Washington, D.C. “I’ve been working for the federal government for 23 years and I signed an ethical standard of conduct when I went to work that says if you see fraud, you need to report it,” he said. “I tried and tried and tried, couldn’t get anywhere so … I went into a quiet room and started making phone calls.”… The auditors made a shocking discovery: IRS employees were, in fact, encouraged to overlook indications of fraud…. “It’s pure negligence by management and they’ve been trying to keep it quiet,” Antelis said. “There is a criminal element that is defrauding the U.S. government by filing mountains and mountains of these fraudulent applications. "We see them in piles in bulk every day that are obviously not legitimate documents and not legitimate tax returns and not legitimate wages … and [IRS managers] don’t want to deal with it. "That’s where all the fraud is. The fraud is in the fake notary stamps and fake documents which we’ve been accepting.” BRITISH PARLIAMENT CALLS FOR MASS ARRESTS By July 4th, members of the British Parliament were openly calling for mass arrests of the top CEOs and bankers who manipulated the LIBOR rate for their own gains. July 4: British Parliament Calls for Mass Arrests in LIBOR Scandal http://www.bbc.co.uk/news/uk-politics-18702653 The prime minister [David Cameron] said a single parliamentary inquiry into the "appalling" events would be the most "swift and decisive" course of action. But Labour's leader [Ed Miliband] said this was "too narrow" and a much wider judicial probe into the culture of banking was needed…. At Prime Minister's Questions, Mr Cameron said the manipulation of the key Libor inter-bank borrowing rate by Barclays traders was "outrageous" and those responsible for "spivvy and probably illegal activity" should be held to account. "People want to know that crime in our banks, crime in our financial services, will be pursued and punished like crimes on our streets," he told MPs…. But, in heated exchanges in the Commons, Mr Miliband said the prime minister did not understand the "depth of public concerns" about the matter and was failing to act in the national interest. "Whenever these scandals happen, he has failed to act and he stands up for the wrong sort of people. "His party is a party bankrolled by the banks. If he fails to order a judge-led inquiry people will come to one conclusion. He simply cannot act in the national interest." MORE TO COME Over the years, I have built up contacts with insiders who are very well-positioned -- due to my role as a public investigator. I received information that absolutely convinced me there was a plan to do the impossible -- to actually break up this Cabal and arrest its top conspirators. Some people thought the mass arrests we've been discussing on this site would just start one day. All of a sudden, the marshals and the troops are out in the streets -- and top Cabal people are being hauled off to prison. What we are now seeing is a plot twist that had to be hidden -- for obvious reasons -- but it makes perfect sense. If you want to make mass arrests, in a way that is fair, legal and publicly supported, first you need to make mass charges -- followed by mass lawsuits. If you suddenly just arrest thousands of top people, with no legal precedent, the public will not know who to trust. This way, the process occurs in a much less traumatic fashion. You have to awaken the public to the problem first, on a mass level, before any palpable solution can be offered. UPDATES WILL CONTINUE So far this investigation has just begun. I am hosting a CONVERGENCE conference in Chicago and have to work within the cracks. I will continue releasing sections as they become available. We're still only up to July 4th in our timeline -- and after we reach the end of the timeline, there is still much more to discuss. I must say that I have been very excited by these developments. I didn't write lots of small updates in the intervening period, because I wanted to do it right -- the first time. I do hope to have everything I've got published online by this coming Wednesday at the latest. Stay tuned! SOURCE: http://divinecosmos.com/start-here/davids-blog/1066-great-revealing LadyDragon Radio--->LadyDragon message of the day plus a recap of the news for July 20, 2012 LadyDragon Radio--->LadyDragon message of the day plus a recap of the news for July 17, 2012 LadyDragon Radio--->LadyDragon message of the day plus a recap of the news for July 16, 2012 LadyDragon Radio--->Click here to listen for the News of July 15, 2012 by LadyDragon LadyDragon Radio--->Click here to listen for the News of July 14, 2012 by LadyDragon LadyDragon Article--->Cobra: Keeping the Balance LadyDragon Article--->Cobra: Layers of Conspiracy LadyDragon Article--->Drake and Minuteman called for the FBI, the Police and the citizens to make arrests then their radio show got shut down so that they could not speak anymore LadyDragon Article--->Executive Orders after the Dark Cabal is removed RADIO--->July 01 ---> LadyDragon replacing Drake on the Radio LadyDragon Article--->New message from Drake there are two green lights LadyDragon Article--->Drake just gave the Green Light for the Event plus the Canadian Goverment better be on the side of their people June 26 --->LadyDragon Guest on InLightRadio LadyDragon Article--->Drake calling for emergency alert preparation LadyDragon Article--->Obama declares a national emergency LadyDragon Article--->Sunday Meditation LadyDragon Article--->Cobra announced the beginning of Operation Stardust 2 LadyDragon Article--->Drake disclosed and confirmed that aliens are among us LadyDragon Article--->Open letter from Drake to the US Military LadyDragon Article--->Upcoming result of the Drake's proposal vote LadyDragon Article--->Drake's proposal for you to vote on LadyDragon Article--->LadyDragon talking with Drake and Minuteman tonight LadyDragon Article--->Drake has a new website called American National Militia LadyDragon Article--->LadyDragon has a new website called Free Canada Movement 2012 About David Wilcock David Wilcock is a professional lecturer, filmmaker and researcher of ancient civilizations, consciousness science, and new paradigms of matter and energy. His upcoming Hollywood film CONVERGENCE unveils the proof that all life on Earth is united in a field of consciousness, which affects our minds in fascinating ways. David is also the subject and co-author of the international bestseller, The Reincarnation of Edgar Cayce?, which explores the remarkable similarities between David and Edgar, features many of David's most inspiring psychic readings, and reveals documented NASA scientific proof of interplanetary climate change... and how it directly impacts our DNA. |
|
LadyDragon.Com |
