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Posted by Karl Denninger in International at 15:13
The German Government Has Had Enough
If you thought the German government was going to be a lapdog for Sarcozy, or worse, was going to fellate Brussels and the ECB, you got a rude shock today.
It appears that the German Government has just plain had enough of the crap that the banksters have tried to pull, and has decided to do what Barack Obama should have done in early 2009.
That is:
•No more naked credit crap, especially against sovereigns but not only against sovereigns. No insurable interest, no CDS - period.
•Naked shorting will now be actually stopped in 10 leading financial institutions.
•Germany has had it with naked shorting of Gold, and specifically noted bank manipulation of gold prices via naked shorts beyond intent or ability to deliver.
•Germany has also said that they're not going to permit Euro derivatives that are not a "bonafide" FX hedge. That is, no more naked bets on Euro movements either.
•Hedge funds are going to be regulated, position size limits mandated and enforced, reporting enhanced and a transaction tax is coming.
It's about damn time.
Oh, and it appears that instead of telling all the banksters what they were going to do and "getting permission" first, or even discussing it with other governments, the German Government did what all governments should do - make up your mind and then do it without giving a good damn whether the banksters or other governments like it - and without giving them input into the decision or notice that it's coming.
The bid rigging, the game-playing and the rest are all a bunch of crap. I've been hollering about this now for more than three years and yet our government spends it's time fellating the bankers and their dogs instead of enforcing the law.
It is illegal to defraud people.
It is illegal to rig markets, including the massive bid-rigging that I wrote about this morning, the Jefferson County Alabama scam and dozens if not hundreds more - all committed, it is alleged (and in some cases proved) by the major banks.
It is illegal to short stocks with no intention or ability to deliver.
And it is illegal to bribe government officials, no matter how you accomplish it.
These are not "isolated incidents" or even a pattern of conduct - as the bid-rigging report this morning makes clear ripping people off has become an institutionalized practice and policy throughout the entire banking system.
Many said that the Germans were not "really" arm-twisted by Sarcozy and the French Banking interests a week or so back. I think we can put that to rest here and now, as it's pretty clear that the truth is something else entirely.
Now Barack, about your willingness to get up off your knees and kick these banksters in the nuts?
Better late than never.
http://market-ticker.denninger.net/archives/2331-The-German-Government-Has-Had-Enough.html
The Government As Identity Thieves
By Ron Paul
Published 05/18/10
The spotlight remains on the Greek sovereign debt crisis as the riots continue. The terms of the Greek bailout from the IMF and Eurozone countries remain contentious with citizens on all sides. Europeans hate having their governments throw public money away as much as Americans do. The Greeks are not happy about having their taxes raised while their pensions and salaries are cut. Meanwhile, it is rumored by the Financial Times, AFP and others that Greece may spend more than it saves from austerity measures on arms deals with Germany, France and the US as a potential condition of receiving bailout funds. If true, it is certainly not unprecedented for the global military industrial complex to benefit from deals made by their friends in the central banking community. After all, war is the health of the state. The last thing big government proponents want is for peace to break out in the world.
This free flow of fiat money from around the globe to Greece will not really save Greece as much as it will grant a temporary reprieve to central bankers from the consequences of their mistakes. Sadly, this will come at the expense of the Greek people and taxpayers in Europe and America. Taxpayers are of no consequence to either European or American central bankers. Even the mere desire for complete information on what they are up to in our name is rebuffed, as we saw last week in the Senate with the failure of Senator Vitter's amendment containing my language to fully audit the fed. The hubris of powerful and secretive central bankers seems to know no bounds.
If someone incurred debts against you as an individual, without your knowledge or consent, you would call it identity theft. You would call your bank for a full accounting of the debts incurred in your name, and after some verification, those debts would be declared invalid and you would not be held responsible for them. Furthermore, if the culprit was found, they would be prosecuted and sent to jail.
Not so with governments and central banks. Governments that are supposed to be of the people and for the people routinely incur debts against the people. Some governments even borrow money to oppress their citizens, and then expect them to pay for their own oppression with interest. With a fiat monetary system, the sky is the limit for how much debt a government can place on the backs of the people.
We have reached the point in the United States where the debt our government has accumulated against us is mathematically impossible to pay off. Harder times, likely due to a wave of hyperinflation, will eventually find its way to our streets and I am fearful of how Americans will react. My hope is that we will come together peacefully and help each other, and that enough of us will be aware that the blame rests securely on the shoulders of the Federal Reserve and the special interests. They should not be looked to for salvation. They should not be given more power. Rather, they should be stripped of the powers that allowed them to create this mess in the first place.
Resistance to public transparency regarding public debts should be denounced in the strongest of terms, and the central bankers that incurred them should be seen as no better than common identity thieves.
http://www.campaignforliberty.com/article.php
May 18, 2010
The Angry Market Message In Billions
By John Tamny
The great 20th century libertarian philosopher Albert Jay Nock long ago observed about market forces that any tampering with them "must have its consequences, and the only recourse for escaping them is such as entails worse consequences." Were he alive today, Nock would be an aggressive opponent of the myriad bailouts foisted on the global economy with "worse consequences" in mind.
But just because he's not alive does not mean his warnings don't hold great relevance. Indeed, his wisdom is being revealed in a blinding way through the numbers 359, 787 and 1 trillion.
Those are the numbers cited over the weekend by business reporter Terry Keenan. As Keenan noted, $359 billion, $787 billion and $1 trillion are the growing amounts of "money needed to plug the holes" of an economic crisis that seemingly has no endpoint. Nock warned us.
Of course the $359 billion was what the TARP adherents needed to "stabilize" the banking system in order to allegedly "save" the U.S. economy. And then with the economy not saved, the Obama administration imposed on Americans $787 billion in "stimulus" meant to keep unemployment from reaching double digits on the way to unemployment reaching double digits. And then last week it took $1 trillion from the IMF and EU to prop up a country as economically inconsequential as Greece.
To suggest that something's amiss here is to engage in obnoxious understatement. The amounts needed to bolster the global economy show that far from propping up anything, the bailouts have served to turn what shouldn't have been challenging into something that is increasingly expensive, and worse, unworkable.
The reasons why are obvious, and they're rooted in the fact that the bailouts weren't so; rather they weakened the economy. Indeed, the sign back in 2008 that the economy was on the mend were the bank failures themselves.
They signaled that market forces were ridding the economy of the kind of business practices that were forcing limited capital into faulty investments, most notably housing. The great Arthur Laffer has long pointed out that for governments to bail some of us out, they must bail others in.
In this case, prudent individuals and businesses were fleeced in order to prop up the imprudent. More to the point, we weakened our most productive individuals and businesses so that we could stimulate the failures.
more.........
http://www.realclearmarkets.com/articles/2010/05/18/the_angry_market_message_in_billions_98473.html
I'm not quite sure when news will hit but no movement means no selling. By anyone. Liking that. :)
Good one. Thank you. :)
You get around you do.
18-24-48
I love Max Keiser.
http://maxkeiser.com/
And also keep in mind that the exemptions that were given in 1933 can be changed at their whim. We all should know by now that it doesn't matter what the "People" want.
All over I hear them pushing peeps to buy gold. Buy buy buy. Peeps think they are being smart in doing so.
I beleive they are going to get fleeced again.
The Gold Confiscation Of April 5, 1933
From: President of the United States Franklin Delano Roosevelt
To: The United States Congress
Dated: 5 April, 1933
Presidential Executive Order 6102
Forbidding the Hoarding of Gold Coin, Gold Bullion and Gold Certificates By virtue of the authority vested in me by Section 5(b) of the Act of October 6, 1917, as amended by Section 2 of the Act of March 9, 1933, entitled
An Act to provide relief in the existing national emergency in banking, and for other purposes~',
in which amendatory Act Congress declared that a serious emergency exists,
I, Franklin D. Roosevelt, President of the United States of America, do declare that said national emergency still continues to exist and pursuant to said section to do hereby prohibit the hoarding gold coin, gold bullion, and gold certificates within the continental United States by individuals, partnerships, associations and corporations and hereby prescribe the following regulations for carrying out the purposes of the order:
Section 1. For the purpose of this regulation, the term 'hoarding" means the withdrawal and withholding of gold coin, gold bullion, and gold certificates from the recognized and customary channels of trade. The term "person" means any individual, partnership, association or corporation.
Section 2. All persons are hereby required to deliver on or before May 1, 1933, to a Federal Reserve bank or a branch or agency thereof or to any member bank of the Federal Reserve System all gold coin, gold bullion, and gold certificates now owned by them or coming into their ownership on or before April 28, 1933, except the following:
(a) Such amount of gold as may be required for legitimate and customary use in industry, profession or art within a reasonable time, including gold prior to refining and stocks of gold in reasonable amounts for the usual trade requirements of owners mining and refining such gold.
(b) Gold coin and gold certificates in an amount not exceeding in the aggregate $100.00 belonging to any one person; and gold coins having recognized special value to collectors of rare and unusual coins.
(c) Gold coin and bullion earmarked or held in trust for a recognized foreign government or foreign central bank or the Bank for International Settlements.
(d) Gold coin and bullion licensed for the other proper transactions (not involving hoarding) including gold coin and gold bullion imported for the re-export or held pending action on applications for export license.
Section 3. Until otherwise ordered any person becoming the owner of any gold coin, gold bullion, and gold certificates after April 28, 1933, shall within three days after receipt thereof, deliver the same in the manner prescribed in Section 2; unless such gold coin, gold bullion, and gold certificates are held for any of the purposes specified in paragraphs (a),(b) or (c) of Section 2; or unless such gold coin, gold bullion is held for purposes specified in paragraph (d) of Section 2 and the person holding it is, with respect to such gold coin or bullion, a licensee or applicant for license pending action thereon.
Section 4. Upon receipt of gold coin, gold bullion, or gold certificates delivered to it in accordance with Section 2 or 3, the Federal reserve bank or member bank will pay thereof an equivalent amount of any other form of coin or currency coined or issued under the laws of the Unites States.
Section 5. Member banks shall deliver alt gold coin, gold bullion, and gold certificates owned or received by them (other than as exempted under the provisions of Section 2) to the Federal reserve banks of there respective districts and receive credit or payment thereof.
Section 6. The Secretary of the Treasury, out of the sum made available to the President by Section 501 of the Act of March 9, 1933, will in all proper cases pay the reasonable costs of transportation of gold coin, gold bullion, and gold certificates delivered to a member bank or Federal reserve bank in accordance with Sections 2, 3, or 5 hereof, including the cost of insurance, protection, and such other incidental costs as may be necessary, upon production of satisfactory evidence of such costs. Voucher forms for this purpose may be procured from Federal reserve banks.
Section 7. In cases where the delivery of gold coin, gold bullion, or gold certificates by the owners thereof within the time set forth above will involve extraordinary hardship or difficulty, the Secretary of the Treasury may, in his discretion, extend the time within which such delivery must be made. Applications for such extensions must be made in writing under oath; addressed to the Secretary of the Treasury and filed with a Federal reserve bank. Each applications must state the date to which the extension is desired, the amount and location of the gold coin, gold bullion, and gold certificates in respect of which such application is made and the facts showing extension to be necessary to avoid extraordinary hardship or difficulty.
Section 8. The Secretary of the Treasury is hereby authorized and empowered to issue such further regulations as he may deem necessary to carry the purposes of this order and to issue licenses there under, through such officers or agencies as he may designate, including licenses permitting the Federal reserve banks and member banks of the Federal Reserve System, in return for an equivalent amount of other coin, currency or credit, to deliver, earmark or hold in trust gold coin or bullion to or for persons showing the need for same for any of the purposes specified in paragraphs (a), (c), and (d) of Section 2 of these regulations.
Section 9. Whoever willfully violates any provision of this Executive Order or these regulation or of any rule, regulation or license issued there under may be fined not more than $10,000, or,if a natural person may be imprisoned for not more than ten years or both; and any officer, director, or agent of any corporation who knowingly participates in any such violation may be punished by a like fine, imprisonment, or both.
This order and these regulations may be modified or revoked at any time.
/s/
Franklin D. Roosevelt
President of the United States of America
April 5, 1933
Then I would say the family needs to be charged with animal abuse also.
They neglected to enroll their dog in school so that he would have the chance to understand his Miranda rights.
SWAT teams justifying the need the keep them employed. If they don't bust in and take down these vicious criminals with their illiterate dogs then who will?
As Alex Jones says...the Police State isn't coming....it's here.
I saw that video.
Charged with endangering a child?
Figures.
Was the dog unlicensed too?
WHO'S RESPONSIBLE FOR THE NATIONAL DEBT?
Let us imagine for a moment that you go to a restaurant, and you place an order for a hamburger. The proprietor of the restaurant tells you the cost is $10 for the hamburger, and you pay $10 for the hamburger. You get your food. No problems. Well worth the money you paid for it. No complaints.
Then when you are done eating, the owner of the restaurant shows up at your table, apologizes profusely, explains that he underestimated the real cost of providing you with the hamburger he agreed to serve you and hands you a bill for an additional sum he had to borrow in order to provide the meal plus interest since the start of your meal. Do you pay it? Of course not. You, the customer, entered into a verbal contract with the proprietor of the restaurant to provide you with your meal at the price agreed to by all parties prior to the transaction.
If the proprietor of the restaurant has miscalculated the cost of meeting his agreed-to obligation to the customer, is the customer obligated to cover the shortfall? No. The proprietor of the restaurant is responsible for the error, and if he cannot meet his agreed-to obligations for the agreed-upon price, he should declare bankruptcy, go out of business, and make way for a new restaurant with better fiscal sense.
Simple common sense.
Let us imagine for a moment that you live in a nation, and you request some benefits. The government tells you the cost is $1000 for the benefits, and you pay $1000 in taxes for the benefits. You get your benefits. No problems. Well worth the money you paid for them. No complaints.
Then when you have your benefits, the government shows up at your door, apologizes profusely, explains that it underestimated the real cost of providing you with the benefits it agreed to provide and hands you a bill for an additional sum it had to borrow in order to provide the services, plus interest since the start of your use of the benefits. Do you pay it? Of course not. You, the citizen, entered into a verbal contract with the government to provide you with your benefits at the taxes agreed to by all parties prior to the transaction.
If the government has miscalculated the cost of meeting the agreed-to obligation to the citizen, is the citizen obligated to cover the shortfall? No. The government is responsible for the error, and if it cannot meet it's agreed-to obligations for the agreed-upon price, it should declare bankruptcy, go out of business, and make way for a new government with better fiscal sense.
Simple common sense.
The claim is constantly made that "we" (meaning the citizens) have already spent the almost 30 trillion dollars that the Federal Government owes and that therefore "we" (meaning the citizens) must repay it.* This is nonsense. No taxpayer alive now ever voted or otherwise agreed to allow the government to borrow money on their behalf and agreed to underwrite the resultant ruinous interest obligation. No citizen spent that money. The government spent it, to keep promises it had no business making in the first place.
The Federal Reserve Act (Otherwise known as the currency act) was voted into law December 23, 1913. The people who voted in that law are all dead.
No taxpayer alive today had anything to say about repaying any money the government borrowed to keep it's promises. We did not have any choice in the matter. We did not choose to accept this obligation. It has been forced on us. It was manufactured for us by a government that spends the peoples' money not on the people,. but on wars of conquest, gifts to Israel, and endless bailouts for Wall Street and European bank ers.
Certainly the young people who are becoming voters and taxpayers this year have had no say at all about the almost 30 trillion dollar debt that our government hands to them and says, "This thou shalt pay". To so encumber our children without their permission is at best indentured servitude; at the worst outright slavery. It is time for the slaves to rebel.
We The People didn't borrow that 30 trillion dollars. We The People, those of us alive today, paying taxes today, have never had the opportunity to decide whether or not we are obligated to cover the bad debts of a government that gets elected by selling $10 dollar hamburgers, only to tell us after election day that they really cost $15 and we are now obligated for that additional $5.
Every man, woman, retired senior citizen and even the tiniest newborn baby are being told that they owe a hundred thousand dollars extra for services that were bought and paid for by an agreed-to tax rate.
Are those tiny newborn babies really obligated for $100,000 because of a law passed 84 years before they were born?
Are those tiny newborn babies really obligated for $100,000 because our government makes promises it cannot keep?
Or is it time for the Federal Government to declare bankruptcy and make way for something better?
http://whatreallyhappened.com/WRHARTICLES/ndebt.html
Massachusetts State Police Issue Death Sentence For Smoking Pot
Sunday, May 09, 2010
Gregory Girard: Political Prisoner
Arrest this man! Civilian disarmament in Massachusetts Colony, 1775: The Regime deployed Redcoats. Civilian disarmament in the People's Republic of Massachusetts, 2010: The Regime deploys SWAT teams and psychiatrists.
Massachusetts resident Gregory Girard has never been formally charged with a crime, let alone convicted of one. Yet after spending four months in jail, he will spend the next four years as a ward of the court.
Girard's legally obtained firearms will remain in the possession of the thieves in uniform who stole them on February 9, the same day he was kidnapped by a SWAT team. He will undergo involuntary psychiatric evaluation and treatment, including the administration of psychotropic drugs.
If it is deemed "necessary" by any of the legal or therapeutic apparatchiks who are now in charge of his life, Girard will be taken into custody for "in-patient treatment."
This would almost certainly occur if Girard were once again to express the unacceptable political views that resulted in his four month imprisonment, to wit: The Regime ruling us will eventually send paramilitary goon squads to confiscate legally owned firearms and imprison those who own them.
Because possession of such views made Girard a "danger to the community," a paramilitary strike force was sent to seize his guns, and he was summarily imprisoned.Under the terms of a "continuance without a finding" announced by Salem District Court Judge Richard Mori, Girard will avoid prison only if his conduct and attitude meet with the approval of people who can consign him to the psihuska at whim.
The local Vyshinsky disciple, District Attorney Jonathan Blodgett, isn't satisfied with this arrangement and most likely won't relent until Girard is sent to prison. The 45-year-old inventor was initially charged with possession of five "infernal devices" -- which proved to be legal smoke and tear gas grenades -- and four counts of "carrying" what were described as "dangerous weapons" -- police batons and hunting knives he had legally stored in his home.
The remaining accusations involve discharging a weapon in a home-made target range on his property, and possession of two items ambiguously identified as "silencers." Girard and his attorney maintain that the cylindrical objects, which were found on his boat, are flash suppressors he intended to use in order to avoid violating a law against sending up a false distress signal.
It's doubtful that even in Massachusetts a jury would find a reason to send Girard to prison. Yet Blodgett, according to his errand girl (or, as she prefers to be called, assistant DA) Michelle DeCourcey, was "very troubled by the presence of the two silencers and felt it merited a jail sentence" of at least two years.
Gregory Girard has no prior criminal record. He is not accused of committing crimes against person or property.
The same Jonathan Blodgett who is determined to send Girard to prison for possession of two cylindrical pieces of metal is anxious to protect the people who beat Worcester resident Kenneth Howe to death last November 25. That's because Howe's murderers are among the numinous personages swaddled in government-issued costumes and invested with the presumptive authority to kill.
Kenneth Howe was co-owner of a barbershop, a husband, and father of three children. His contributions to society were immeasurably more valuable than anything done by a tax-feeder in an “official” capacity. Last November 25, he has the misfortune of riding in a car that encountered a "sobriety checkpoint."
This particular roadblock -- or "joint sobriety enforcement operation" -- involved the Andover Police Department, the Essex County Sheriff’s Office, and the Massachusetts State Police. Like all such operations, this was an orgy of overtime for people who wear government-provided costume jewelry. For the helots on wheels who are forced to endure them, checkpoints of this kind are pregnant with the possibility of lethal violence, as Howe and his friend learned.
Police accounts say that Howe was observed making a “furtive movement” as the car in which he was a passenger approached the checkpoint. The driver says that Howe, who had been smoking a marijuana cigarette, was trying to snuff it and put on his seat belt.
When Jodi A. Gerardi, a female state trooper, approached the car, Howe told her, “It’s only a marijuana cigarette.” After being ordered from the vehicle, Howe tried to flee. (In the official police version, the middle-aged man supposedly jumped through the passenger-side window -- something that would tax the athleticism and agility of a Parkour master.)
As Howe tried to flee, the distaff tax-feeder shrieked, “I’ve been assaulted” — something the driver, the only objective eyewitness, disputes: In fact, that witness claims that it was Gerardi who placed hands on Howe, rather than the reverse.
Gerardi’s account describes Howe as “releasing” a pit bull and “assaulting everyone in his path” as he fled the scene. This is of a piece with her claim that Howe busted a move that would have put the Prince of Persia to shame.
Once again, the other eyewitness to the events doesn't support Gerardi's version. However, he did testify that at least a dozen -- and as many as 20 -- police officers swarmed Howe, beating and otherwise brutalizing him, after their little tag-along (or was she a camp follower?) claimed that he had laid an unholy hand on her sanctified person.
Shackling a dying man: Several members of the thugswarm that killed Kenneth Howe cuff him and put leg restraints on him as he slowly dies from the injuries sustained at the hands of at least a dozen police officers.
Somehow, despite his Jedi-level physical prowess, Howe was taken to the ground “where he continued to disobey orders to ‘stop resisting’ by several other officers,” Gerardi reports, reflecting the common assumption that Mundanes must patiently endure whatever abuse their plunder-supported betters see fit to inflict on them.
After being “softened up,” Howe was handcuffed and placed in leg restraints. He died at a local police barracks shortly after midnight on the morning of November 26.
In a very real sense, Howe was a victim of the federalized Homeland Security State, which underwrites checkpoints as a way of keeping the local condottieri loyal to the Regime. He could also be considered a casualty of Leviathan’s longest and most destructive war, the federal “War on (Non-Government-Approved) Drugs.” More to the point: It is a matter of settled fact that he was a homicide victim.
The Essex County Medical Examiner ruled that the official cause of death was homicide by way of “blunt impact of the head and torso with compression of the chest.” This means that the 45-year-old father was beaten to death, at an East Berlin-style checkpoint, by a tax-subsidized thugswarm.
Acting out of solidarity with the rest of the tax-consuming class, the ME's office moved quickly to take the edge off its findings.
“The Office of the Chief Medical Examiner uses the term homicide to mean a death at the hands of another,” explained the M.E.’s attorney, Jacqueline Faherty. “A medical examiner does not offer an opinion regarding criminal wrongdoing or civil liability.”
In keeping with routine procedure in any case involving the death of a helpless Mundane at the hands of the Bullies in Blue, the Medical Examiner eagerly described the victim’s cardiovascular disease as a “contributory factor” in the death.
Death by Government: Rest in God's Peace, Kenneth Howe.
When someone dies at the hands of an assailant or assailants whose violence is sanctified by the state, we are supposed to believe that the victim wasn’t killed by the police — he just happened to die in their custody.
Thus victims of lethal Taser strikes succumbed to “excited delirium,” rather than being murdered through electro-shock torture. The state-licensed assailants similarly seek to exculpate themselves when an innocent person suffering from heart disease, diabetes, hypertension, or other medical problems is beaten or suffocated to death by a police mob.
Curiously, “contributory factors” of that kind aren’t treated as mitigating factors when someone is fatally beaten or otherwise subjected to lethal violence by a gang of bullies who do not bear the insignia of state “authority.”
By way of contrast, when violent deaths are inflicted by commonplace criminals, the victim’s health problems — if they are mentioned at all — are taken as evidence of the exceptional viciousness of the crime.
Despite its patent viciousness, the beating death of Kenneth Howe -- although ruled a homicide -- will not be treated as a crime. “There is absolutely no way reasonable force was used in this case,” insists attorney Frances A. King, who is representing the murder victim’s widow and children. “He has handcuffs on part of that time and leg irons and [the police] are beating him to death.”
Let it not be said that DA Jonathan Blodgett -- the same law-and-order zealot presiding over the persecution of Gregory Girard -- was indifferent to the events of November 25, 2009. In fact, his office was prepared to file charges and prosecute ... the victim, Kenneth Howe, for the supposed offense of "resisting arrest." If Howe had survived the beating inflicted on him, he most likely would be in jail awaiting trial.
Predictably, Blodgett has displayed no measurable interest in building a case against the people who beat Howe to death. Like practically everyone else in his profession, Blodgett apparently assumes that police are entitled to kill anyone at any time who displays anything other than immediate, complete, unconditional submission.
That totalitarian assumption makes a nice matched set with the one undergirding Blodgett's Soviet-style persecution of Gregory Girard -- namely, that Mundanes seeking the means to protect themselves against the Regime's armed enforcers should be treated as fodder for the gulag.
http://freedominourtime.blogspot.com/2010/05/gregory-girard-political-prisoner.html
When the sociopathes are taken out of power.
Gotta love that paperwork.
All going according to plan. Of course I'm still a wacko conspiracy theorist. Please ignore the facts.
Hmmmmm....where have I heard that before?
That's good that you have something to do all day.
Not likely. Raise your arms at your age? ROTFLMFAO
11-24-48, these will beat YOUR picks hands down. :)
MUST HEAR: Panic And Loathing From The S&P 500 Pits
Submitted by Tyler Durden on 05/07/2010 04:24 -0500
Meltdown
"Guys this is probably the craziest I have seen it down here ever." Here it is, memorialized for the generations and away from the now openly ridiculous disinformation propaganda of the mainstream media, just what a full market meltdown panic sounds like: straight from the epicenter, the S&P 500 pits. Luckily open ouctry still exists, if at least for shock value. Click here for a first hand account of the most shocking 15 minutes in recent market history. Fat finger my ass.
http://www.zerohedge.com/article/panic-and-loathing-sp-500-pits
Weeds Are Now Resisting Monsanto Weed Killer, Spurring Crisis in American Agriculture
By Susie Madrak Wednesday May 05, 2010 3:45pm
Yep, thanks to Monsanto Roundup, American agriculture is in quite a fix now. See, Monsanto sells genetically modified seed that's supposed to survive spraying with their weedkiller. Unfortunately, the weeds learned to resist it - and now their GMO seed is struggling against the pesticide-resistant weeds that evolved as a result of their own product.
Wouldn't it be nice if companies thought that far ahead before they pushed their products into the mainstream? And wouldn't it be nice if we had government agencies that didn't rubber stamp them?
DYERSBURG, Tenn. — For 15 years, Eddie Anderson, a farmer, has been a strict adherent of no-till agriculture, an environmentally friendly technique that all but eliminates plowing to curb erosion and the harmful runoff of fertilizers and pesticides.
On a recent afternoon here, Mr. Anderson watched as tractors crisscrossed a rolling field — plowing and mixing herbicides into the soil to kill weeds where soybeans will soon be planted.
Just as the heavy use of antibiotics contributed to the rise of drug-resistant supergerms, American farmers’ near-ubiquitous use of the weedkiller Roundup has led to the rapid growth of tenacious new superweeds.
To fight them, Mr. Anderson and farmers throughout the East, Midwest and South are being forced to spray fields with more toxic herbicides, pull weeds by hand and return to more labor-intensive methods like regular plowing.
“We’re back to where we were 20 years ago,” said Mr. Anderson, who will plow about one-third of his 3,000 acres of soybean fields this spring, more than he has in years. “We’re trying to find out what works.”
Farm experts say that such efforts could lead to higher food prices, lower crop yields, rising farm costs and more pollution of land and water.
[...] Pigweed can grow three inches a day and reach seven feet or more, choking out crops; it is so sturdy that it can damage harvesting equipment. In an attempt to kill the pest before it becomes that big, Mr. Anderson and his neighbors are plowing their fields and mixing herbicides into the soil.
That threatens to reverse one of the agricultural advances bolstered by the Roundup revolution: minimum-till farming. By combining Roundup and Roundup Ready crops, farmers did not have to plow under the weeds to control them. That reduced erosion, the runoff of chemicals into waterways and the use of fuel for tractors.
If frequent plowing becomes necessary again, “that is certainly a major concern for our environment,” Ken Smith, a weed scientist at the University of Arkansas, said. In addition, some critics of genetically engineered crops say that the use of extra herbicides, including some old ones that are less environmentally tolerable than Roundup, belies the claims made by the biotechnology industry that its crops would be better for the environment.
http://crooksandliars.com/susie-madrak/weeds-are-now-resisting-monsanto-weed
Thursday, May 6, 2010
The Warning
It doesn't take a great leap of faith to entertain the idea that the death of Sen. Paul Wellstone was no accident.
Besides the usual forms of coercion, bribes and blackmail, Wellstone's assassination sent a message, a warning, to all of Congress that going against the agenda and telling the truth about certain 'events' that mold policy could cost them their lives.
That warning has been taken to heart.
None in Congress dare to speak about the hidden facts.
It's called self-preservation.
Although it can't be verified, a guest on the Kevin Barrett radio show tells a story that fits right in with what many people have been saying for years.
US Senator Barbara Boxer: Wellstone assassination was "a warning"
Scholar-activist Four Arrows, co-author of American Assassination: The Strange Death of Senator Paul Wellstone, today revealed for the first time a reported conversation in which U.S. Senator Barbara Boxer (D-CA) confirmed that the Wellstone plane crash was an assassination, not an accident.
As Four Arrows recounted on today's edition of The Kevin Barrett Show (beginning somewhere around the 20 minute mark): a trusted friend of his, during a conversation with Sen. Boxer, was surprised when the Senator asked "are you a friend of Four Arrows?" The friend said yes. Boxer said "tell him he doesn't know how right he is. (The Wellstone assassination) was meant as a warning to all of us." Sen. Boxer went on to say that if asked, she would deny the statement.
Sen. Boxer, who other sources report has confidentially admitted that she knows 9/11 was an inside job, has publicly confirmed that she does not trust the 9/11 Commission version of events, specifically the official narrative of the alleged 9/11 hijackers. The following exchange took place between Senator Boxer and myself on Wisconsin Public Radio's program "Conversations with Kathleen Dunn" on December 5th, 2005 (click here for archive -- note that the text below is a summary, not a transcript):
Barrett: Senator Boxer, I’d like to thank you and Senator Feingold for hanging in there after 9/11...(Boxer: “You’re welcome.”) Now as you may know, Congressman Kurt Weldon has been screaming from the rooftops that we need a new 9/11 Able Danger investigation focusing on what US intelligence agencies knew about Mohammad Atta and when they knew it. Newsweek and other mainstream publications have written that Mohammad Atta was trained at the Foreign Officer’s school Maxwell Air Force Base in Alabama. And Daniel Hopsicker’s book Welcome to Terrorland makes it clear that Hoffman Aviation in Venice Florida, where the so-called hijackers trained, was actually a CIA drug import facility—it was a flight school in name only. Now Lt. Colonel Anthony Shaffer has blown the whistle—he says he and his colleagues in military intelligence identified Atta as a terrorist in 2000, but they were gagged and ordered to “forget they had ever heard of Atta.” Are you among the 245 senators and representatives who have signed Congressman Weldon’s letter demanding a Congressional investigation into what US authorities knew about Atta prior to the 9/11 attacks?
Senator Boxer: That isn’t what the 9/11 Commission Report said—but that doesn’t mean it isn’t true. I haven’t seen Congressman Weldon’s letter yet, but...we need to pursue the truth about 9/11 wherever it leads. The truth should be the only priority. And we need the truth. My main focus now, though, is to end the war in Iraq.
According to Four Arrows, Sen. Boxer and other high-visibility people know that if they cross certain lines, they and/or their families will be assassinated. He offered this as a possible explanation of the reluctance of various well-known people, including Noam Chomsky, to speak the truth about 9/11.
Near the end of the show, Four Arrows suggested a "white armband" campaign for the 10th anniversary of 9/11, proposing that on that day, all those who do not believe the official version of events should wear a white handkerchief tied around their arm.
Listen to my interview with Four Arrows by visiting the Kevin Barrett Show archives and clicking on the link for the Tuesday, May 4th show. (You'll have to mute the live stream first.) More information on the show, including links to Four Arrows' work, here. {source}
http://kennysideshow.blogspot.com/2010/05/warning.html
Some common sense out of someone.............
Was Yesterday’s Stock Market “Glitch” Really Big Banking Blackmail?
by Scott Creighton
The White House gets its way again. They get their way on two measures that would have given the people at least a little control of the “too big too fail” banking system. But how they got it, well that might just be the REAL story of the day.
“I mean this really sounds like market manipulation to me. This is outrageous.”
The “HOPE” of real getting real banking reform under this administration is dead. Dead on arrival. What is left is the “Chris Dodd Big Banking Giveaway Plan” which is to banking “reform” what Obamacare was to “healthcare reform”.
Last night the Brown/Kaufman amendment was shot down by a vote of 61-33. The amendment would have broken up the largest 6 banks and then set limits on the size these institutions could become so their failure could not threaten the entire system. Thus… “too big too fail” would have been a thing of the past. 27 senate democrats voted with the large majority of republicans to kill the amendment and for the most part, the 30 who voted for the bill were either coming up on an election cycle this year, or they switched their votes after seeing the bill was going to fail. A clever little trick legislators use to end up on the “right side” of a voting issue.
"" Though top Obama administration officials have not publicly opposed the amendment, its leading economists have opposed ending Too Big To Fail simply by breaking up the nation’s financial behemoths. Austan Goolsbee and Larry Summers have both fought back against this idea, as has Treasury Secretary Timothy Geithner.
… Sen. Mark Warner (D-Va.) and Dodd of Connecticut spoke against the amendment.
Sen. Judd Gregg (R-N.H.) was indignant. “I don’t understand this Brown-Kaufman amendment. Basically, what it says is if you’re successful…you’re going to break them up? I mean, where does this stop? Do we take McDonald’s on?” Huffpo
This took place yesterday while another popular piece of legislation was being gutted by one of its authors.
Ron Paul is livid and he has pulled his support from the “Audit the Fed” bill.
I know that sounds crazy… Ron Paul has been pushing for this kind of accountability from the for-profit Federal Reserve Bank for decades. But yesterday, when the bill looked as if it were going to be passed, Ron Paul pulled his support and is actively campaigning against it.
He has good reason.
In a move frighteningly reminiscent of the now infamous Air Force One flight where single-payer advocate and “Obamacare” opposition leader Dennis Kucinich was brought before the anointed One, Barack Obama, for a little position changing “chat”, Bernie Sanders was brought in to the White House late yesterday to work out a “compromise” on the “Audit the Fed” bill. No one knows why the “compromise” was even needed with the Pro-Banking Industry Obama White House since by all accounts, the bill had the votes to pass in the Senate as it was.
But, Bernie Sanders was brought before “the man” and had a little pow-wow in the White House. Since Sanders is one of the authors of the bill, he was authorized to change it, and “CHANGE” is what the White House got…
Thursday afternoon, Deputy Treasury Secretary Neal Wolin voiced the administration’s opposition to the audit proposal. But hours later, following negotiations with Sanders, Wolin withdrew the opposition. Raw Story
“Bernie Sanders has sold out and sided with Chris Dodd to gut Audit the Fed in the Senate. His “compromise” is what the Adminstration and banking interests want: they’ll allow the TARP and TALF to be audited, but no transparency of the FOMC, discount window operations or agreement with foreign central banks. We need to take aciton and stop this!” Ron Paul
The audit is only allowed back to December 2007, which leaves most of the work of the Fed’s Open Markets Committee in the dark — they were the ones who were supposed to be watching over Wall Street when they were laying the groundwork for the collapse. And according to Jay Newton-Small of Time Magazine, there will only be one audit — it will not be ongoing.
Ron Paul and Alan Grayson worked like dogs to get this through the House. And the White House would not have gone to Sanders if they’d been able to peel off the votes to tank the amendment. But with 68 Senators having voted for it or cosponsored it in the past year, that was a heavy lift. Bernie was the weak link. Firedoglake
How did all this happen late yesterday afternoon? What was the threat that forced all of these legislators to vote against the will of the people and to suddenly side with the corrupt banks? How on earth did all this happen LATE YESTERDAY AFTERNOON?
Hmmmm…. what else happened yesterday, PRIOR to the vote in the senate and Bernie Sander’s meeting in the White House? Hmmm…
Could it be the “glitch” in the supercomputer that crashed the stock market by nearly a 1000 points in a few minutes? Could that have had something to do with it?
Could it have been Goldman Sachs and the big 6 mega banks sending a message to congress that if they think they are going to break up their hold on this nation, they will bring it all down with their stock market manipulating supercomputer?
"Nesto calling these trades “bogus” drew backlash from the host and CNBC veteran Maria Bartiromo, who said those trades sounded like “market manipulation” to her.
“ That is ridiculous,” Bartiromo replied. “I mean this really sounds like market manipulation to me. This is outrageous.” Business and Media Institute
Hmmm… I think we might be onto something.
Think about it… all that money poured into the CEOs and banking bigwigs bank accounts in the form of record-setting bonuses. Why is that important? Because if they chose to gut the economy, if they chose to trash the markets by 10,000 points in one day, they will be in their private jets by noon and super wealthy in another country sipping single-malts on the sea-shore by dinner.
And we will be left to fight for the scraps while the dollar becomes virtually worthless.
That was the threat yesterday. While the MSM was busy blaming the working class Greeks who are being robbed right in front of everyone’s eyes, our congress was busy quietly handing over control of the nation to a bunch of criminal bankers who caused all of this in the first place.
The market didn’t crash by a “glitch” and it wasn’t the European Union or Greek riots either… it was terrorism. It was a message: Don’t Fuck With Us. Congress got the message and acted accordingly.
The banking oligarchs sent a clear and unmistakable message that they could drop this nation’s economy into the toilet at any time they wished and if congress thought for a minute that they really ran America, they had better rethink that position.
That’s what happened yesterday.
It isn’t a “coincidence” that the super-computer “glitch” happened a few hours before that senate vote and just a while before the White House had a chat with Sanders about his Audit the Fed bill. It was financial terrorism, pure and simple.
http://willyloman.wordpress.com/2010/05/07/was-yesterdays-glitch-really-big-banking-blackmail/#comment-16447
G.O.D
Gold, Oil and Drugs.
http://snardfarker.ning.com/video/alex-jones-video-government
The Global Economic Crisis, The Great Depression of the XXI Century.
Preface
by Michel Chossudovsky and Andrew Gavin Marshall
PREFACE
In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The economic crisis is accompanied by a worldwide process of militarization, a "war without borders" led by the United States of America and its NATO allies. The conduct of the Pentagon’s "long war" is intimately related to the restructuring of the global economy.
We are not dealing with a narrowly defined economic crisis or recession. The global financial architecture sustains strategic and national security objectives. In turn, the U.S.-NATO military agenda serves to endorse a powerful business elite which relentlessly overshadows and undermines the functions of civilian government.
This book takes the reader through the corridors of the Federal Reserve and the Council on Foreign Relations, behind closed doors at the Bank for International Settlements, into the plush corporate boardrooms on Wall Street where far-reaching financial transactions are routinely undertaken from computer terminals linked up to major stock markets, at the touch of a mouse button.
Each of the authors in this collection digs beneath the gilded surface to reveal a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives. Our analysis focuses on the role of powerful economic and political actors in an environment wrought by corruption, financial manipulation and fraud.
Despite the diversity of viewpoints and perspectives presented within this volume, all of the contributors ultimately come to the same conclusion: humanity is at the crossroads of the most serious economic and social crisis in modern history.
The meltdown of financial markets in 2008-2009 was the result of institutionalized fraud and financial manipulation. The "bank bailouts" were implemented on the instructions of Wall Street, leading to the largest transfer of money wealth in recorded history, while simultaneously creating an insurmountable public debt.
With the worldwide deterioration of living standards and plummeting consumer spending, the entire structure of international commodity trade is potentially in jeopardy. The payments system of money transactions is in disarray. Following the collapse of employment, the payment of wages is disrupted, which in turn triggers a downfall in expenditures on necessary consumer goods and services. This dramatic plunge in purchasing power backfires on the productive system, resulting in a string of layoffs, plant closures and bankruptcies. Exacerbated by the freeze on credit, the decline in consumer demand contributes to the demobilization of human and material resources.
This process of economic decline is cumulative. All categories of the labor force are affected. Payments of wages are no longer implemented, credit is disrupted and capital investments are at a standstill. Meanwhile, in Western countries, the "social safety net" inherited from the welfare state, which protects the unemployed during an economic downturn, is also in jeopardy.
The Myth of Economic Recovery
The existence of a "Great Depression" on the scale of the 1930s, while often acknowledged, is overshadowed by an unbending consensus: "The economy is on the road to recovery".
While there is talk of an economic renewal, Wall Street commentators have persistently and intentionally overlooked the fact that the financial meltdown is not simply composed of one bubble – the housing real estate bubble – which has already burst. In fact, the crisis has many bubbles, all of which dwarf the housing bubble burst of 2008.
Although there is no fundamental disagreement among mainstream analysts on the occurrence of an economic recovery, there is heated debate as to when it will occur, whether in the next quarter, or in the third quarter of next year, etc. Already in early 2010, the "recovery" of the U.S. economy had been predicted and confirmed through a carefully worded barrage of media disinformation. Meanwhile, the social plight of increased unemployment in America has been scrupulously camouflaged. Economists view bankruptcy as a microeconomic phenomenon.
The media reports on bankruptcies, while revealing local-level realities affecting one or more factories, fail to provide an overall picture of what is happening at the national and international levels. When all these simultaneous plant closures in towns and cities across the land are added together, a very different picture emerges: entire sectors of a national economy are closing down.
Public opinion continues to be misled as to the causes and consequences of the economic crisis, not to mention the policy solutions. People are led to believe that the economy has a logic of its own which depends on the free interplay of market forces, and that powerful financial actors, who pull the strings in the corporate boardrooms, could not, under any circumstances, have willfully influenced the course of economic events.
The relentless and fraudulent appropriation of wealth is upheld as an integral part of "the American dream", as a means to spreading the benefits of economic growth. As conveyed by Michael Hudson, the myth becomes entrenched that "without wealth at the top, there would be nothing to trickle down." Such flawed logic of the business cycle overshadows an understanding of the structural and historical origins of the global economic crisis.
Financial Fraud
Media disinformation largely serves the interests of a handful of global banks and institutional speculators which use their command over financial and commodity markets to amass vast amounts of money wealth. The corridors of the state are controlled by the corporate establishment including the speculators. Meanwhile, the "bank bailouts", presented to the public as a requisite for economic recovery, have facilitated and legitimized a further process of appropriation of wealth.
Vast amounts of money wealth are acquired through market manipulation. Often referred to as "deregulation", the financial apparatus has developed sophisticated instruments of outright manipulation and deceit. With inside information and foreknowledge, major financial actors, using the instruments of speculative trade, have the ability to fiddle and rig market movements to their advantage, precipitate the collapse of a competitor and wreck havoc in the economies of developing countries. These tools of manipulation have become an integral part of the financial architecture; they are embedded in the system.
The Failure of Mainstream Economics
The economics profession, particularly in the universities, rarely addresses the actual "real world" functioning of markets. Theoretical constructs centered on mathematical models serve to represent an abstract, fictional world in which individuals are equal. There is no theoretical distinction between workers, consumers or corporations, all of which are referred to as "individual traders". No single individual has the power or ability to influence the market, nor can there be any conflict between workers and capitalists within this abstract world.
By failing to examine the interplay of powerful economic actors in the "real life" economy, the processes of market rigging, financial manipulation and fraud are overlooked. The concentration and centralization of economic decision-making, the role of the financial elites, the economic thinks tanks, the corporate boardrooms: none of these issues are examined in the universities’ economics programs. The theoretical construct is dysfunctional; it cannot be used to provide an understanding of the economic crisis.
Economic science is an ideological construct which serves to camouflage and justify the New World Order. A set of dogmatic postulates serves to uphold free market capitalism by denying the existence of social inequality and the profit-driven nature of the system is denied. The role of powerful economic actors and how these actors are able to influence the workings of financial and commodity markets is not a matter of concern for the discipline’s theoreticians. The powers of market manipulation which serve to appropriate vast amounts of money wealth are rarely addressed. And when they are acknowledged, they are considered to belong to the realm of sociology or political science.
This means that the policy and institutional framework behind this global economic system, which has been shaped in the course of the last thirty years, is rarely analyzed by mainstream economists. It follows that economics as a discipline, with some exceptions, has not provided the analysis required to comprehend the economic crisis. In fact, its main free market postulates deny the existence of a crisis. The focus of neoclassical economics is on equilibrium, disequilibrium and "market correction" or "adjustment" through the market mechanism, as a means to putting the economy back "onto the path of self-sustained growth".
Poverty and Social Inequality
The global political economy is a system that enriches the very few at the expense of the vast majority. The global economic crisis has contributed to widening social inequalities both within and between countries. Under global capitalism, mounting poverty is not the result of a scarcity or a lack of human and material resources. Quite the opposite holds true: the economic depression is marked by a process of disengagement of human resources and physical capital. People’s lives are destroyed. The economic crisis is deep-seated.
The structures of social inequality have, quite deliberately, been reinforced, leading not only to a generalized process of impoverishment but also to the demise of the middle and upper middle income groups.
Middle class consumerism, on which this unruly model of capitalist development is based, is also threatened. Bankruptcies have hit several of the most vibrant sectors of the consumer economy. The middle classes in the West have, for several decades, been subjected to the erosion of their material wealth. While the middle class exists in theory, it is a class built and sustained by household debt.
The wealthy rather than the middle class are rapidly becoming the consuming class, leading to the relentless growth of the luxury goods economy. Moreover, with the drying up of the middle class markets for manufactured goods, a central and decisive shift in the structure of economic growth has occurred. With the demise of the civilian economy, the development of America’s war economy, supported by a whopping near-trillion dollar defense budget, has reached new heights. As stock markets tumble and the recession unfolds, the advanced weapons industries, the military and national security contractors and the up-and-coming mercenary companies (among others) have experienced a thriving and booming growth of their various activities.
War and the Economic Crisis
War is inextricably linked to the impoverishment of people at home and around the world. Militarization and the economic crisis are intimately related. The provision of essential goods and services to meet basic human needs has been replaced by a profit-driven "killing machine" in support of America’s "Global War on Terror". The poor are made to fight the poor. Yet war enriches the upper class, which controls industry, the military, oil and banking. In a war economy, death is good for business, poverty is good for society, and power is good for politics. Western nations, particularly the United States, spend hundreds of billions of dollars a year to murder innocent people in far-away impoverished nations, while the people at home suffer the disparities of poverty, class, gender and racial divides.
An outright "economic war" resulting in unemployment, poverty and disease is carried out through the free market. People’s lives are in a freefall and their purchasing power is destroyed. In a very real sense, the last twenty years of global "free market" economy have resulted, through poverty and social destitution, in the lives of millions of people.
Rather than addressing an impending social catastrophe, Western governments, which serve the interests of the economic elites, have installed a "Big Brother" police state, with a mandate to confront and repress all forms of opposition and social dissent.
The economic and social crisis has by no means reached its climax and entire countries, including Greece and Iceland, are at risk. One need only look at the escalation of the Middle East Central Asian war and the U.S.-NATO threats to China, Russia and Iran to witness how war and the economy are intimately related.
Our Analysis in this Book
The contributors to this book reveal the intricacies of global banking and its insidious relationship to the military industrial complex and the oil conglomerates. The book presents an inter- disciplinary and multi-faceted approach, while also conveying an understanding of the historical and institutional dimensions. The complex relations of the economic crisis to war, empire and worldwide poverty are highlighted. This crisis has a truly global reach and repercussions that reverberate throughout all nations, across all societies.
In Part I, the overall causes of the global economic crisis as well as the failures of mainstream economics are laid out. Michel Chossudovsky focuses on the history of financial deregulation and speculation. Tanya Cariina Hsu analyzes the role of the American Empire and its relationship to the economic crisis. John Bellamy Foster and Fred Magdoff undertake a comprehensive review of the political economy of the crisis, explaining the central role of monetary policy. James Petras and Claudia von Werlhof provide a detailed review and critique of neoliberalism, focusing on the economic, political and social repercussions of the "free market" reforms. Shamus Cooke examines the central role of debt, both public and private.
Part II, which includes chapters by Michel Chossudovsky and Peter Phillips, analyzes the rising tide of poverty and social inequality resulting from the Great Depression.
With contributions by Michel Chossudovsky, Peter Dale Scott, Michael Hudson, Bill Van Auken, Tom Burghardt and Andrew Gavin Marshall, Part III examines the relationship between the economic crisis, National Security, the U.S.-NATO led war and world government. In this context, as conveyed by Peter Dale Scott, the economic crisis creates social conditions which favor the instatement of martial law.
The focus in Part IV is on the global monetary system, its evolution and its changing role. Andrew Gavin Marshall examines the history of central banking as well as various initiatives to create regional and global currency systems. Ellen Brown focuses on the creation of a global central bank and global currency through the Bank for International Settlements (BIS). Richard C. Cook examines the debt-based monetary system as a system of control and provides a framework for democratizing the monetary system.
Part V focuses on the working of the Shadow Banking System, which triggered the 2008 meltdown of financial markets. The chapters by Mike Whitney and Ellen Brown describe in detail how Wall Street’s Ponzi scheme was used to manipulate the market and transfer billions of dollars into the pockets of the banksters.
We are indebted to the authors for their carefully documented research, incisive analysis, and, foremost, for their unbending commitment to the truth: Tom Burghardt, Ellen Brown, Richard C. Cook, Shamus Cooke, John Bellamy Foster, Michael Hudson, Tanya Cariina Hsu, Fred Magdoff, James Petras, Peter Phillips, Peter Dale Scott, Mike Whitney, Bill Van Auken and Claudia von Werlhof, have provided, with utmost clarity, an understanding of the diverse and complex economic, social and political processes which are affecting the lives of millions of people around the world.
We owe a debt of gratitude to Maja Romano of Global Research Publishers, who relentlessly oversaw and coordinated the editing and production of this book, including the creative front page concept. We wish to thank Andréa Joseph for the careful typesetting of the manuscript and front page graphics. We also extend our thanks and appreciation to Isabelle Goulet, Julie Lévesque and Drew McKevitt for their support in the revision and copyediting of the manuscript.
Michel Chossudovsky and Andrew Gavin Marshall, Montreal and Vancouver, May 2010
For more details on the book click here. The book can be ordered directly from Global Research
http://globalresearch.ca/index.php?context=va&aid=19025
Cost investors billions of dollars on a mistake?
Quid pro quo, who benefitted?
The SEC should look at the daily book profits, but they won't.
But hey, they are voiding 4000 of the trades. Are they doing a great job or what?
Didn't lose yesterday, but on the wrong side so far this morning.
Subject to change. I don't trust this artificial prop at all. LOL
LOL I was on the wrong side yesterday morning too and then it changed fast.
Trying to sound cultered here. Leave me alone.
Well...they (major media)are trying to put the focus on Citi. Citi didn't even trade that many shares.
Who has the majority of the high frequency market cornered?
Who needs to make a shiteload of money to pay a hefty fine?
Just sayin'
I'm looking at GS leaps. Jan 11 $25 puts are .30
LMFAO Tu madre. :)
Lovin the roller coaster ride for sure. :)
Somehow..in my deluded paranoid mind....I think today wasn't an accident on the market and I think I know who was responsible too.
I sold my FCX puts and turned right around and snagged X puts.
Last I looked X was down a buck after hours. :)
LMFAO crazier than today?
Likely. And there was enough nervousness in the market before...now?
Hope you kept some of your puts.
Well then. They probably won't, unless the options desks lost boo koo bucks. :)
:) Tomorrow is gonna be a mess I'm sure.
Hmmmmm...stock trades. Does that include options?
Anyone have a clue?
And it's easy to play them off each other.
FCX calls are doing great this morning.
Still have my puts as a hedge. :)
Alot of places won't let you be long and short and the same time.
Options allow you to straddle.
Going to be if I can pick up some more. :)