Thursday, July 29, 2010

Before the CIA, the Pond?

I am not so sure I believe that this organization was around as the sole intelligence agency prior to the CIA. Keeping the OSS in mind.
What this may have been was an attempt to run a private spy agency. Away from the eyes of other intelligence agencies. Through corporations. Using private citizens. The official story of the Pond, is likely not the real story, but some sanitized version of reality.
Keeping that in mind, read on....

What Zoltan Pfeiffer, a top political figure opposed to Soviet occupation, his wife and 5-year-old daughter did not know as they were whisked out of Hungary in 1947 was that their driver, James McCargar, was a covert agent for one of America's most secretive espionage agencies, known simply as the Pond.

Created after ww2, the Pond existed for 13 years and was shrouded in secrecy for more than 50 years. It used sources that ranged from Nazi officials to Stalinists and, at one point, a French serial killer.

It operated under the cover of multinational corporations, including American Express, Chase National Bank and Philips, the Dutch-based electronic giant. One of its top agents was a female American journalist.

The Pond, designed to be relatively small and operate out of the limelight, appeared to score some definite successes, but rivals questioned its sources and ultimately, it became discredited because its pugnacious leader was too cozy with Sen. Joseph McCarthy and other radical anti-communists.

Created by U.S. military intelligence as a counterweight to the Office of Strategic Services, the forerunner of the CIA, ( making all the headlines pure nonsense) it functioned as a semiautonomous agency for the State Department after World War II and ended its days as a contractor for the CIA with links to J. Edgar Hoover's FBI.

The organization counted among its exploits an attempt to negotiate the surrender of Germany with Hermann Goering, one of Adolf Hitler's top military leaders, more than six months before the war ended; an effort to enlist mobster Charles "Lucky" Luciano in a plot to assassinate Italian dictator Benito Mussolini; identifying the location of the German heavy water plants doing atomic research in Norway; and providing advance information on Russia's first atomic bomb explosion.

The Pond, he wrote in a declassified document put in the National Archives, had a mission "to collect important secret intelligence via many international companies, societies, religious organizations and business and professional men who were willing to cooperate with the U.S. but who would not work with the OSS because it was necessarily integrated with British and French Intelligence and infiltrated by Communists and Russians."

I find that paragraph so interesting....

Some more

The Hazards of Private Spy Operations
(this piece contains a fair bit of spin to downplay the operations of this outfit)
For all that anyone knows the Pond could still be in operation today.

Wednesday, July 28, 2010

Massive Natural Gas resources to spark attack by Israel on Lebanon

There is a leviathan gas field, bordering Lebanon and Israel.

Actually there are two of them, one called Leviathan and one called Tamar.
Because of these natural gas fields tensions are on the rise!

Tensions have been stirred by both sides. Lebanon's Hezbollah-led opposition has accused Lebanese Prime Minister Saad Hariri of failing to protect the country's resource rights, and Israeli Infrastructure Minister Uzi Landau told Bloomberg last week that Israel would use force if necessary to defend its right to develop and produce the fields.

These oil fields contain more then 20 trillion cubic feet of natural gas, equivalent to 3.5 billion barrels of oil, or 35 years of Israel's consumption.
A consortium of energy companies, including Noble Energy of the United States, has signed an $11 billion gas supply deal with the Israel Electric Co. starting in two years, and has received a $430 million loan to develop the Tamar field.

But, who really owns these offshore gas deposits?

Despite what Israel and Noble Energy are claiming the fact is....

Ownership Of Offshore Israel Gas Deposits Speculative Without Further Drilling

While offshore natural gas discoveries have spurred Lebanese and Israeli saber-rattling in a region widely viewed as rich in energy resources, a London analyst said it is too early to make categorical claims about the size and ownership of the potential reservoirs.

From foreign policy article- "I emailed Fareed Mohamedi, an expert on Middle East energy at PFC Energy, who in turn asked colleague Yahya Sadowski about the stakes at play. Sadowski indicated that there is validity to Lebanon's concerns that Tamar straddles the waters of both countries -- "They would all be tapping into the same reservoir,"
Of course in the case of Israel a nation that claims ownership to all by virtue of some imaginary, delusional god-given right. The gas is theirs. They are already giving out the contracts.

The sabre rattling has gotten louder-

Israel threatens populated areas of Lebanon

Israel spying in Lebanon
Report: Suspected spy for Israel escapes from Lebanon

Interesting piece here

In all regional disputes, big or small, Israel will invariably threaten or implement violence. It is the preferred method of conflict resolution. The recent discovery of natural gas reserves in Lebanese territorial waters, and Israel’s claim to them, is no exception.

It didn’t take long for Israeli infrastructure minister Uzi Landau to raise the prospect of war. That is, if Lebanon attempts to prevent his country from exercising full control over the field despite portions apparently falling within Lebanon’s exclusive economic zone.

“Israel is racing to make the situation a fait accompli and was quick to present itself as an oil emirate—ignoring the fact that, according to the maps, the deposit extends into Lebanese waters. Lebanon must take immediate action to defend its financial, political, economic and sovereign rights,” Berri said.

Bottom line, if Israel attacks Lebanon and they will if Lebanon dares to protect their natural resources. The media will sing the song of "poor Israel, alone in the middle east, threatening neighbours all around" Or some variation of said song?

The fact will be that Israel will attack Lebanon, over resources.

This is the same story with the reserves off of the coast of Gaza. Which I have covered numerous times here or here.

More of the same from God's self-proclaimed chosen ones.
I have my doubts that if there was a God, he would want people to go around wantonly stealing, attacking, and killing other people. But, hey that is just me!
Remember 'god is love" ? Or in the case of Israel god is "entitlement and thievery"?

Tuesday, July 27, 2010

G20 police news: London murder and Toronto standown

Some G20 news.

First, a flashback to the death of Ian Tomlinson.

I did a number of posts on the murder by police at the G20 summit in England.
For those that may be unfamiliar you can go back and refresh your memories
Here, Here , HERE, HERE and HERE

Apparently, I did more posts on that murder by the authorities then I realized.
Hoping there are no doubles there? Let me know?
Anyway, so Ian Tomlinson, killed by London Police. In a nutshell.
There was an inquiry. And so far as the vast majority of inquiries are usual time wasting exercises in public relations for the ruling class. This one stands out as being more of the same.

Ian Tomlinson: a story of justice denied

Inquiry into Ian Tomlinson's death at a G20 protest in London prompts more questions than answers

Julia Tomlinson had been told by police her husband had died of natural causes as he tried to get home through the G20 protest in London, and there was nothing suspicious about the death.

But as she watched footage shot by a New York fund manager and handed to the Guardian, which was conducting its own inquiry, a different story unfolded.

But conveniently for the police... no charges will be laid

First, prosecutors believed there was sufficient evidence to prosecute the officer; but second, owing to both the time limit for common assault charges and medical uncertainties – crucially, the contested findings of a forensic pathologist who is now the subject of an inquiry by the General Medical Council – prosecutors did not believe there was a prospect a jury would convict the officer on any charge.

Actually I disagree, I believe the reason there will be no trial is precisely because a jury will find the murderer guilty. Can't let that happen, can they?

How would the police continue to act with impunity against the populace if they are going to be made accountable? Hmmm????

Might have them think twice about all the headbashing they engage in for the ruling classes of asses. Can't have that now can we?

Second: STAND-DOWN at the G20 in Toronto Canada

Another one I covered in several posts, that vast majority of them on this page

Warmington: Cops had hands 'cuffed

Who made the decision for police to stand down despite the fact the city was under attack?

And why?

Was it a police decision or political?

These should be the cornerstone questions of an external review surrounding the chaos of the G20.

After all, police officers were trained to stop the Black Bloc anarchists, were appropriately equipped and massively manned.

As downtown Toronto witnessed burning police cars and a small group of thugs on a rampage, a police source tells me the only thing that stopped the officers from doing that was an order telling them not to. They tell me they could have rounded up all, or most of them, in no time

I don't buy the "confusion" angle that is being put forth in this article. This is standard excuse making. Bottom line, the police were told to stand down and they did. It should have been obvious anyway.

The government had to justify, somehow, the over 1 billion dollar price tag. They had to justify the clamp down on ordinary citizens, the use of special powers. The enactment of special laws. And the agent provocateurs provided just that opportunity.

Sunday, July 25, 2010

The billionaire hedge fund pedophile mogul got away with a slap on the wrist

Thanks to aferrismoon for catching this one! And this scum bag has all the "right" connections!
Remember this name Jeffrey Epstein. It is the name of a man, that will go down in infamy as pedophile scum bag, who gets away with it because he has money and all the right political friends.

I'll excerpt and encourage you to read the entire report.

Slap on the wrist!-

On Wednesday, hedge fund manager Jeffrey Epstein completes his one-year house arrest in Palm Beach.
During Epstein’s term of “house arrest,” he made several trips each month to his New York home and his private Caribbean island. In the earlier stage of his sentence for soliciting prostitution with a minor—13 months in the Palm Beach Stockade—he was allowed out to his office each day

Doesn't that all sound like some hard time, for a disgusting crime?

Meanwhile, Epstein has settled more than a dozen lawsuits brought by the underage girls who were recruited to perform “massages” at his Palm Beach mansion. Seven victims reached a last-minute deal last week, days before a scheduled trial; each received well over $1 million—an amount that will hardly dent Epstein’s $2 billion net worth.
With that, the known victims of Epstein’s sexual compulsion have been officially silenced, and the case against him is closed.

The case may be officially closed and this bunch of victims may have been silenced, but....
But, this pedophile is not going to stop. Why would he? Look what he has gotten away with?
Look at what money and influence gets you...
Let's take a look at the influential persons that Mr. Epstein surrounds himself with.

"Former President Bill Clinton; Prince Andrew; former Israeli Prime Minister Ehud Barak; New Mexico Gov. Bill Richardson; and former Treasury Secretary Larry Summers were just a few of the prominent passengers on his private jets—allow him to receive only a slap on the wrist for crimes that carry a mandatory 20-year sentence?

The scum all sticks together

Was he able, with his limitless assets and heavy-hitting lawyers—Alan Dershowitz, Gerald Lefcourt, Roy Black, Kenneth Starr, Guy Lewis, and Martin Weinberger among them—to escape equal justice?

Repeat, the scum all sticks together

Michael Reiter, the former Palm Beach police chief, certainly thinks so. He gave The Daily Beast exclusive access to the transcript of his nine-hour deposition for the victims’ civil suits, in which he explained how the case against Epstein was minimized by the State Attorney’s Office, then bargained down by the U.S. Department of Justice, all in an atmosphere of hardball legal tactics and social pressures so intense that Reiter became estranged from several colleagues. At the time, Reiter, who retired in 2009 and now runs his own security firm, objected both to Epstein’s plea agreement and to the flexible terms of his incarceration in the county jail rather than state prison. Asked during the deposition whether he thought Epstein received special treatment, he answered “yes.”

Epstein quickly got wind of the investigation, and progress on the case got messy very quickly. He hired a squad of lawyers and private investigators and dispatched influential friends to pressure the police into backing off.
The detectives asked their federal colleagues whether the fact that some victims appeared to have traveled out of state on Epstein’s planes—plus the use of interstate phone service to arrange assignations—might be violations of the federal 2000 Trafficking Victims Protection Act, which carries a minimum sentence of 20 years.

I am wondering, did he have some information on his influential friends that would get them onside? Since he was trafficking the children, moving then around on his private planes, would his friends have been his clientele? Quite possible, read on intrepid reader, read on.

Many of his high-powered acquaintances availed themselves of Epstein’s private jets, for which the pilot logs, obtained by discovery in the civil suits, sometimes showed that bold-face names were on the same flights as underage girls. A high-profile trial threatened to splash mud over all sorts of big players, just as both Gov. Richardson and Bill Clinton’s wife were running for president.
Guilt by association?

Let's read just one lurid tale that emerged of this scum hedge fund billionaire crimes

The details that eventually emerged were often shocking and occasionally bizarre. For Epstein’s birthday one year, according to allegations in a civil suit, he was presented with three 12-year-old girls from France, who were molested then flown back to Europe the next day. These same civil complaints allege that young girls from South America, Europe, and the former Soviet republics, few of whom spoke English, were recruited for Esptein’s sexual pleasure.

Alan Dershowitz demonstrates his natural proclivity to scum defence?

Attorney Dershowitz says Epstein’s agreement to pay attorney fees for the victims and agree to civil damage claims—without admitting guilt—amounted to “extortion under threat of criminal prosecution.”

Dershowitz began sending the detective Facebook and MySpace posts to demonstrate that some of these girls were no angels. Reiter’s deposition also states that he heard from local private investigators that Dershowitz had launched background checks on both the police chief and Det. Recarey. Dershowitz denies all of that. According to Reiter, both he and Recarey also became aware that they were under surveillance for several months, without knowing who ordered it. And the Florida victims began to complain that they and family members were being followed and intimidated by private investigators who were then linked to local attorneys in Epstein’s employ.

Keep in mind this Jeffrey Epstein is a well known "philanthropist"

Epstein has been a serious and respected player in the highest reaches of politics and philanthropy. He has made substantial contributions to political candidates, served on the Council on Foreign Relations, and donated $30 million to Harvard University.
Thinking of yesterday's post....and this shocker from today-
I am left wondering why, how these people are respected by anyone?
How is it that other people's children are used and abused as their play things.
And, the masses are supposed to respect these people?
I scratch my head every single day at how out of whack the world is, and why the people let this continue?
One more question? Where was the main stream media on this story?
They sure as hell didn't shout this one from the roof tops!

I am adding some additional links-
Another well-connected ‘paedophile’ walks free
related: Maxwell’s daughter Ghislaine gets subpoena

From the Business Insider:
New Details On Billionaire Hedge Funder Jeffrey Epstein's Child Sex Habits As He Is Freed From House Arrest

WPEC Palm Beach- Jeffrey Epstein, a free man

Saturday, July 24, 2010

Child Porn Perusers at the highest levels of US government

Some news reports say it is just people from the Pentagon.
But, that does not appear to be true.
Some news reports say dozens of people were involved.
This number also appears to be incorrect.

Let's address the Pentagon only angle-
According to this report the people involved ran the gamut of agencies. From the NSA & Pentagon to the creepiest of creepy agencies DARPA.

Dozens of National Security Agency, DARPA, and other Pentagon officials purchased and downloaded child pornography over the Internet

A large amount of pornography was found on the office computer of a program manager at the Defense Advanced Research Projects Agency, including images that appeared to be of children. DARPA is responsible for developing some of the military’s most secret weapons and technologies.

But there it is, that "dozens" number? You will see it in many headlines. Perhaps it was just dozens within those specific agencies? Note the media does not mention how many dozens? 30 dozen? 50 dozen? 100 dozen?
By using the word dozens the main stream media can obfuscate the number of people involved within the government structure.

So how many people were involved?
In the very last paragraph of this article the number investigated of more then 5,000.
More then 5,000? That is alot of dozens!

So from a headline mentioning dozens to the last paragraph mentioning more then 5,000 persons investigated. If you wonder why it is the main stream media would leave that number to the last, I will explain why. The vast majority of news readers do not read an article to the end. Most people read the headline and the first couple of paragraphs and then move on.

All that said, let's get back to the fact that their were more then 5,000 individuals investigated.

The federal investigation of military workers was part of a broader effort initiated in 2007 under the code name "Operation Flicker." That project had identified more than 5,000 individuals who subscribed to child pornography websites.

Now, we have more then 5,000 individuals throughout the military governmental structure.
That is a vastly different story then "dozens" in a few departments.

Just how much child pornography was involved?
If this one case, this one individual, is any indication it must have been alot.

"A case from 2007 in which a national security official had 93 documents, 8,400 pictures, and 200 movies “that were evidence of receipt of child pornography.’’

How long has this been going on? How long has this been being investigated?

The Pentagon on Friday released investigative reports spanning almost a decade that implicated individuals working with agencies handling some of the nation's most closely guarded secrets, including the National Security Agency and the National Reconnaissance Office, which operates U.S. spy satellites.

Nearly a decade?!
Here is one case cited that started 7 years ago

In June 2003, a technician checking for a computer virus discovered what appeared to be child pornography on the computer of a contractor for the Security and Intelligence Directorate of the Defense Advanced Research Projects Agency, or DARPA, in Arlington, Va.

Does the US government not monitor the computer usage of their employees while at work? Particularly the high level employees?

Thinking of the blackmail angle to this behaviour. These compromised individuals would be ripe for the picking.

Thinking of the pedophocracy (linked at the side), mkultra and the Franklin cover-up......
Seems the government and the sexual explotation/abuse of children continue on as usual.

Friday, July 23, 2010

10 ways to Game the Carbon Market

Continuing on with the scam of the cap and trade system.... Interesting report.

Do you own a nice suit? Are you willing to break the law and tell a few lies? Then with a little ingenuity, you can make a killing in the wild frontier of carbon markets.

Carbon markets are especially prone to corruption and fraud when they are contaminated with carbon offsets. (Carbon offsets allow U.S. polluters to avoid reducing their own emissions by sending money overseas in exchange for promised—and often pretend—pollution reductions elsewhere.) Because the value of each carbon offset is based on a story ( a lie, fabrication, fairy tale) about how an emissions reduction would not have taken place if the offset hadn't been purchased, offsets markets are inherently rife with opportunities to stretch the truth—or outright lie. The American Power Act, recently proposed by Sens. Kerry and Lieberman, would create carbon market gaming opportunities because the carbon trading mechanism featured in the bill is contaminated with offsets.

Warning- Though done by Friends of the Earth, who generally support this nonsense, the report is nonetheless valuable because it points out how this cap and trade/carbon market is ripe for rip-off. As was intended.

They even point out that 9 of the 10 scams have already been carried out in the EU carbon market-

Nine of the ten methods addressed in the guide have already been carried out. Some tricks are variations of classic scams such as Ponzi schemes, phishing and tax fraud. But other cons are more particular to carbon trading.

Some excerpts-

Scam 1: Boost the baselines
How to do it

If you are an industry facing carbon limits, inflate your projected emissions levels in order to claim a greater governmental allocation of carbon permits -- preferably for free. If you are a carbon offset developer, inflate the projected emissions scenario that would occur without your project; then, collect more credits than you really deserve.

Scam 2: Ponzi carbon
How to do it

Like any classic Ponzi scheme, the trick is to use the buzz of a little-
understood market to attract investors, who you pay off by recruiting new ones. If investors are skeptical of your “all upside, no downside” proposition, you can always point to the true fact that Congress has created a steadily escalating price floor on

Scam 3: Sell fake carbon offset credits
How to do it
Wear a nice suit, prepare a nifty powerpoint presentation, and convince a buyer to purchase carbon credits, preferably generated by a project in a faraway place they will likely not visit. If they do decide to visit, take them to a “Potemkin village” – one carbon offset project that can be shown off repeatedly to visiting investors. After they are duly impressed, take their money and run.

There is much more to read, including how and where 9 of the scams have already been pulled off. The money to be made by the Wall Street scum banksters and the so called brokerage firms that will be selling these carbon credits/offsets is incredible.
I guess it was worth it to Al Gore to start his Generation Investment LLP
Of course not Al Gore alone, he had previous employees of Goldman Sachs , to help him.

Thursday, July 22, 2010

Goldman Sachs et al. The next bubble: Carbon trading! Banks win, humanity loses, again.

Still harping on Goldman-Sachs. Yeah, I am on a roll. So, just roll along with me.

Think of this as a continuation of yesterday's post, which actually began with this post, where we looked at the roll played by Goldman-Sachs in the commodities bubble resulting in massive global starvation and running the bank of Canada etc., etc., etc.....

So let's move along to the next great bubble- Bubble # 6- Global Warming- sure to cause misery and impoverishment on a massive scale.

Barack Obama, a popular young politician whose leading private campaign donor was an investment bank called Goldman Sachs is in the oval office. Gone are Hank Paulson and Neel Kashkari; in their place are Treasury chief of staff (remember this name) Mark Patterson and CFTC chief Gary Gensler, both former Goldmanites.

The new game in town, the next bubble, is in carbon credits — a booming trillion dollar market that barely even exists yet, but will if the Democratic Party that it gave $4,452,585 to in the last election manages to push into existence a groundbreaking new commodities bubble, disguised as an "environmental plan," called cap-and-trade.

Here follows a simple explanation of the carbon credit market-

-There will be limits for coal plants, utilities, natural-gas distributors and numerous other industries on the amount of carbon emissions (a.k.a. greenhouse gases) they can produce per year.
-If the companies go over their allotment, they will be able to buy "allocations" or credits from other companies that have managed to produce fewer emissions.

And the bonus in all of this to the scum banksters?

The feature of this plan that has special appeal to speculators is that the "cap" on carbon will be continually lowered by the government, which means that carbon credits will become more and more scarce with each passing year. Which means that this is a brand new commodities market where the main commodity to be traded is guaranteed to rise in price over time.

Besides the guaranteed increase in prices due to an ever lowering cap on carbon credits set by the government, there is another bonus to this new bubble!

The same Wall Street players that upended the economy are clamoring to open up a massive market to swap, chop, and bundle carbon derivatives. Sound familiar?
Could Cap and Trade Cause Another Market Meltdown?

The answer is a resounding and definite YES, as is intended!

"If the Waxman-Markey climate bill is signed into law, it will generate, almost as an afterthought, a new market for carbon derivatives. That market will be vast, complicated, and dauntingly difficult to monitor. And if Washington doesn't get the rules right, it will be vulnerable to speculation and manipulation by the very same players who brought us the financial meltdown.

Washington has no intention of "getting the rules right", except for the Wall St banksters.
They will do nothing to prevent speculation, manipulation or financial meltdown, as this is exactly the fuel that feeds the Wall Street fires.

How big could this bubble get?

Cap and trade would create what Commodity Futures Trading commissioner Bart Chilton anticipates as a $2 trillion market, "the biggest of any [commodities] derivatives product in the next five years."

The volume of this new market will be upwards of a trillion dollars annually
Trillions annually?

"We are on the verge of creating a new trillion-dollar market in financial assets that will be securitized, derivatized, and speculated by Wall Street like the mortgage-backed securities market," says Robert Shapiro

Housing bubble, commodity bubble- redux.
The fall-out will rain all over the common man, the lowly taxpayer.

Banks like JPMorgan Chase, Morgan Stanley, and Goldman Sachs already have active carbon trading desks that deal in instruments connected to Europe's cap-and-trade system and voluntary markets here. But business will explode if a cap-and-trade system becomes law. So it's no surprise that the financial industry has taken an intense interest in the fine print of the Waxman-Markey bill.

Of course, the financial industry has lobbyists to help with this.
A group mentioned in the Mother Jones article is the International Swaps and Derivatives Association

Here is a list of their primary members. Here is a list of their associate membership.
This is one group intensely interested in this supposed 'save the earth' cap and trade legislation.
Who do you see there?

Already, the industry has achieved its main objective: The Waxman-Markey bill would create a big, convoluted market for carbon derivatives.
An an especially audacious move, the industry also argued that cap and trade should allow the very same types of unregulated instruments that helped spread risk throughout the financial system like a cancer, contributing to the economic meltdown. In particular, it lobbied for "over the counter" carbon derivatives—deals conducted directly between two parties with no one monitoring the risk. (though this had a temporary set back, the article goes on to say)
The lobbying battle is not over. Chilton, the CFTC commissioner, praised Stupak's 11th-hour amendment, but expressed concern that it could be removed in the legislative process ahead.

A warning for the Obama administration, which will go unheeded comes from the EU

This January, an executive from the French energy giant EDF warned that carbon trading was in danger of becoming "a new type of subprime tool which will be diverted from what is its initial purpose: to encourage real investment in real low-carbon technology."

I argue that carbon trading was never designed to encourage any real change, any real investment in new technologies. Carbon trading was encouraged, was lobbied for to create the next big bubble.
Bubbles are what has been keeping the economy going for some time now. It creates an illusion for the masses, suckers them in to believing all is well and allows the banksters to pick the pockets of the people.

Where does Goldman Sachs fit into this picture?

Goldman wants this bill. The plan is (1) to get in on the ground floor of paradigm-shifting legislation, (2) make sure that they're the profit-making slice of that paradigm and (3) make sure the slice is a big slice. Goldman started pushing hard for cap-and-trade long ago, but things really ramped up last year when the firm spent $3.5 million to lobby climate issues. (One of their lobbyists at the time was none other than Patterson, now Treasury chief of staff.) Back in 2005, when Hank Paulson was chief of Goldman, he personally helped author the bank's environmental policy.
Can you believe it? Mark Patterson, now Treasury chief of staff, for the Obama administration, was just 5 years ago a lobbyists for cap and trade on behalf of Goldman-Sachs!

I am shocked I tell you, shocked!!

The casino is ready to rake it in. The taxpayer will bail the mess out, again.
This ends my Goldman-Sachs, scum banksters posts. Temporarily of course!

Wednesday, July 21, 2010

Goldman gambled on starvation. They won, humanity lost.,

While I am on the subject of banksters, particularly Goldman Sachs, let us take a look at the role Goldman played in the starvation of humanity.
If you took the time to read the linked article from yesterday's post -The Great American Bubble Machine- You would have come to the part Bubble #4- $4.00 a gallon.
The author of this piece directs attention to the manipulation of commodity prices, by Goldman-Sachs, which resulted in higher gasoline prices.

" the Street (Wall St) quietly moved the casino to the physical-commodities market — stuff you could touch: corn, coffee, cocoa, wheat and, above all, energy commodities, especially oil. In conjunction with a decline in the dollar, the credit crunch and the housing crash caused a "flight to commodities."

Background on the commodities market-

The commodities market was designed in large part to help farmers: A grower concerned about future price drops could enter into a contract to sell his corn at a certain price for delivery later on, which made him worry less about building up stores of his crop. When no one was buying corn, the farmer could sell to a middleman known as a "traditional speculator," who would store the grain and sell it later, when demand returned. That way, someone was always there to buy from the farmer, even when the market temporarily had no need for his crops.
In 1936, however, Congress recognized that there should never be more speculators in the market than real producers and consumers. If that happened, prices would be affected by something other than supply and demand, and price manipulations would ensue.

But all that changed in 1991, and behind that change was Goldman Sachs-

All that changed in 1991 when, unbeknownst to almost everyone in the world, a Goldman-owned commodities-trading subsidiary called J. Aron wrote to the CFTC and made an unusual argument. Farmers with big stores of corn, Goldman argued, weren't the only ones who needed to hedge their risk against future price drops — Wall Street dealers who made big bets on oil prices also needed to hedge their risk, because, well, they stood to lose a lot too. . It (CFTC) issued the bank a free pass, called the "Bona Fide Hedging" exemption, allowing Goldman's subsidiary to call itself a physical hedger and escape virtually all limits placed on speculators.

And for some unknown reason this bullshit argument was actually swallowed, hook, line and sinker. And a free meal ticket was issued to Goldman.

Armed with the semi-secret government exemption, Goldman had become the chief designer of a giant commodities betting parlor.
So the price of oil soared at the pump. But, not just oil, food prices soared causing widespread starvation.

Soaring food prices driven by the commodities bubble led to catastrophes across the planet, forcing an estimated 100 million people into hunger and sparking food riots throughout the Third World.
Now, I have connected the dots from Goldman to soaring commodities to starvation.
Here is more-

How Goldman gambled on starvation

Speculators set up a casino where the chips were the stomachs of millions. What does it say about our system that we can so casually inflict so much pain?

At the end of 2006, food prices across the world started to rise, suddenly and stratospherically. Within a year, the price of wheat had shot up by 80 per cent, maize by 90 per cent, rice by 320 per cent. In a global jolt of hunger, 200 million people – mostly children – couldn't afford to get food any more, and sank into malnutrition or starvation. There were riots in more than 30 countries, and at least one government was violently overthrown. Jean Ziegler, the UN Special Rapporteur on the Right to Food, calls it "a silent mass murder", entirely due to "man-made actions."

Well, I would call it bankster made actions.

Until deregulation, the price for food was set by the forces of supply and demand for food itself. (This was already deeply imperfect: it left a billion people hungry.) But after deregulation, it was no longer just a market in food. It became, at the same time, a market in food contracts based on theoretical future crops – and the speculators drove the price through the roof.

So while the supply and demand of food stayed pretty much the same, the supply and demand for derivatives based on food massively rose – which meant the all-rolled-into-one price shot up, and the starvation began.
What did the scum-banksters say about this?

Merrill Lynch's spokesman to comment on the charge of causing mass hunger, he said: "Huh. I didn't know about that." He later emailed to say: "I am going to decline comment."
Deutsche Bank also refused to comment. Goldman Sachs pointed out that "serious analyses ... have concluded index funds did not cause a bubble in commodity futures prices", offering as evidence a statement by the OECD.

Easy enough to demonstrate they are lying? Sure is!

As Professor Ghosh points out, some vital crops are not traded on the futures markets, including millet, cassava, and potatoes. Their price rose a little during this period – but only a fraction as much as the ones affected by speculation. Her research shows that speculation was "the main cause" of the rise.

So it has come to this. The world's wealthiest speculators set up a casino where the chips were the stomachs of hundreds of millions of innocent people. They gambled on increasing starvation, and won. Their Wasteland moment created a real wasteland. What does it say about our political and economic system that we can so casually inflict so much pain?
Well, what does it say about or so called political and economic system? What master does it serve? Who is harmed by this casino gambling on everything from homes to fuel to food. Soon, to the carbon market?

Tuesday, July 20, 2010

Goldman Sachs stacking the deck at the Bank of Canada

In case the peons in Canada missed this bit of news..
Another Goldman Sucks bankster is coming to the Bank of Canada!
Yes, Virginia the private banksters really do run the world.
If they didn't, how could this nonsense go on?

The first Goldman Sachs banker already in charge in Mark Carney.
The second will be the newest appointee Timothy Hodgson. He will be a special advisor to Mark Carney. Apparently the two had worked together previously for Goldman Sachs.

Hodgson will work on developing rules for trading repos and over-the-counter derivatives, and regulations to ensure banks have enough capital.

In other words Hodgson will work in favour of speculators, which are the big banks, especially Goldman Sachs.

Canada and other Group of 20 nations are crafting rules to have derivatives traded more through clearinghouses with standardized contracts, Carney said in a June 10 speech in Montreal. The global credit crisis was caused in part by questions about the solvency of banks that led to the breakdown of trading in important financial markets, he said in Montreal.

The global credit crisis was brought on by wild deriviative speculation, that made the banks insolvent. Amongst other things. The crisis however is exactly opposite to what is stated in bold above.

Some good comments here regarding the role of criminal banksters. Seems more people are waking up, thankfully!

And for a refresher, or an eye-opener, someone mentioned this article.
So, link to and excerpt from- The Great American Bubble Machine

From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they're about to do it again

The first thing you need to know about Goldman Sachs is that it's everywhere. The world's most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who's Who of Goldman Sachs graduates.

By now, most of us know the major players. As George Bush's last Treasury secretary, former Goldman CEO Henry Paulson was the architect of the bailout, a suspiciously self-serving plan to funnel trillions of Your Dollars to a handful of his old friends on Wall Street. Robert Rubin, Bill Clinton's former Treasury secretary, spent 26 years at Goldman before becoming chairman of Citigroup — which in turn got a $300 billion taxpayer bailout from Paulson. There's John Thain, the asshole chief of Merrill Lynch who bought an $87,000 area rug for his office as his company was imploding; a former Goldman banker, Thain enjoyed a multi-billion-dollar handout from Paulson, who used billions in taxpayer funds to help Bank of America rescue Thain's sorry company. And Robert Steel, the former Goldmanite head of Wachovia, scored himself and his fellow executives $225 million in golden-parachute payments as his bank was self-destructing. There's Joshua Bolten, Bush's chief of staff during the bailout, and Mark Patterson, the current Treasury chief of staff, who was a Goldman lobbyist just a year ago, and Ed Liddy, the former Goldman director whom Paulson put in charge of bailed-out insurance giant AIG, which forked over $13 billion to Goldman after Liddy came on board. The heads of the Canadian and Italian national banks are Goldman alums, as is the head of the World Bank, the head of the New York Stock Exchange, the last two heads of the Federal Reserve Bank of New York — which, incidentally, is now in charge of overseeing Goldman — not to mention …

They have drained the US dry, now they are siphoning Canada

Monday, July 19, 2010

Rebranding 'psy-ops' to military information support ops

A quiet period today, whew! So, I come here?
Pathetic, isn't it? ;)
Not really I know there is a good bunch lurking about.

This is interesting and you might find it comforting, but, probably not-
Army drops 'psy ops' name for influence operations
Different name, same game.

Psychological operations, mind control, perception influence, perception management....

U.S. Special Operations Command spokesman Ken McGraw said Thursday the new name, adopted last month, more accurately reflects the unit's job of producing leaflets, radio broadcasts and loudspeaker messages to influence enemy soldiers and civilians.

"One of the catalysts for the transition is foreign and domestic sensitivities to the term 'psychological operations' that often lead to a misunderstanding of the mission," McGraw said.

According to this fellow the moniker 'psy-op' abbreviated version of psychological operations has a "nefarious connotation"

"Somehow it gives a nefarious connotation, but I think that this baggage can be overcome," said Paddock

According to the article psy-ops are all about producing leaflets, radio broadcasts and loudspeaker messages. Decidedly non-nefarious stuff. Still, a name change was in order?
What should be obvious to you is that the name change was necessary to hide the underhanded, nefarious, downright evil of psy-ops.

I will share some other links with you- you decide harmful or harmless?

When Seeing and Hearing Isn't Believing

Digital morphing — voice, video, and photo — has come of age, available for use in psychological operations. PSYOPS, as the military calls it, seek to exploit human vulnerabilities in enemy governments, militaries and populations to pursue national and battlefield objectives.

To some, PSYOPS is a backwater military discipline of leaflet dropping and radio propaganda. (As the article linked at the beginning of this post would have us believe) To a growing group of information war technologists, it is the nexus of fantasy and reality. Being able to manufacture convincing audio or video, they say, might be the difference in a successful military operation or coup.

Think of Osama Bin Laden tapes?

A Magnetic Field Applied to the Brain Can Alter People's Sense of Morality

Perfect for brainwashing an evil clone army
Or just getting people to behave in a way that is detrimental to themselves and beneficial to others?

Then of course there is the entire gamut of mkultra experimentation. Experimentation conducted to gain psychological advantages that could be used, against the population if necessary, for all manner of nefarious reasons.

click the mkultra label at the bottom, there is lots to read, also check the sidebar for documentaries.

Sunday, July 18, 2010

Creativity on a serious, serious decline

First a favour?
I ask that readers indulge me briefly, while I resolve a personal family issue.
With a much loved Grandparent.... who has been hospitalized, came very close to dying, seems to be on the mend. A very up and down time period and emotionally draining.
I may be a bit sporadic, but, I will post as soon as humanly possible.

On to my post!

In my opinion this news story should have got way more attention then it garnered. It would have if the media was seriously informing the populace. But, they are not.
To my way of thinking, this news of a Creativity Crisis is incredibly detrimental to society, as a whole.
Creativity defined as being able to produce something original, useful or otherwise. It is the ability to think outside of the box. Outside of prescribed parameters. To be creative requires divergent thinking, that can then be converged.

And creativity is on the decline!

Since 1990! That is already twenty years of decline!

“It’s very clear, and the decrease is very significant,” Kim says. It is the scores of younger children in America—from kindergarten through sixth grade—for whom the decline is “most serious.”

The potential consequences are sweeping.

The necessity of human ingenuity is undisputed

That statement alone, should give you an idea of how serious an issue this is -

Yet, in my opinion, it has been systematically destroyed.
By the school system, by engaging in passive activity. Particularly excessive television and computer time. Children, do not interact with others, or the outdoors as much as they used to. Their lives are overly structured. They do not use their imagination, such as when one reads. Television, computers and video games, provide the visuals, there is no need to use your imagination. I can go on, but, I hope you get the idea.

Some additional interesting info here

Those kids using electronic media for more than 16 hours a day get significantly lower grades than those using less than 3 hours a day. Another study reported that later academic achievement was related to the amount of television watched by children under age 3. Additionally, in an Iowa study, electronic media use was correlated with obesity. Kids using electronic media less than 2 hours/day were at normal average body mass while those watching more electronic media were more likely to be obese

Thursday, July 15, 2010

Secret Document affirms US/Israeli nuclear relationship

Israel's Army Radio reported on Wednesday that the United States has sent Israel a secret document committing to nuclear cooperation between the two countries.

According to Army Radio, the U.S. has reportedly pledged to sell Israel materials used to produce electricity, as well as nuclear technology and other supplies, despite the fact that Israel is not a signatory of the Nuclear Non-Proliferation Treaty.

Other countries have refused to cooperate with Israel on nuclear matters because it has not signed the NPT, and there has been increasing international pressure for Israel to be more transparent about its nuclear arsenal.

During Tuesday's meeting between Prime Minister Benjamin Netanyahu and U.S. President Barack Obama, the two leaders discussed the global challenge of nuclear proliferation and the need to strengthen the nonproliferation system. (discussed for the tv cameras but meanwhile...)

They also discussed calls for a conference on a nuclear-free Middle East, which was proposed during the 2010 Non-Proliferation Treaty (NTP) review conference in New York and which Netanyahu said he would not take part in because it intends to single out Israel.

Of course it would single out Israel! The only nuclear armed nation in the middle east! However, Obama quickly kissed the booboo of Netanyahu, or perhaps he kissed something else?

Obama emphasized the conference will only take place if all countries "feel confident that they can attend," and said that efforts to single out Israel would make the prospects of such a conference unlikely.

Recall, this is the Obama that won the Nobel Peace Prize?! What a mockery of any concept of real and lasting peace that was.

Obama emphasized that the U.S. will continue to work closely with Israel to ensure that arms control initiatives and policies do not detract from Israel’s security.

What this sentence really tells the reader? -

Obama will ensure, while working closely with Israel, that arms control initiatives and polices will detract from the security of all other middle eastern country's.

Obama, the subservient.

Wednesday, July 14, 2010

The information divide is growing

While this article is basically about twitter vs the main stream media.
I feel it is applicable, in a general sense, to say what this growing information divide comes down to facts vs fiction. Propaganda vs reality.

The reality provided by reporting/editorializing/ information provided by twitter and other social media outlets including facebook. I am also including the blogosphere here and will be calling them all combined the alternative media from here on.

As opposed to the same services provided by the corporate, government influenced main stream media.

This is the full article, I am going to quote what I call the "meat and potatoes"

Concordia University anthropology professor Maximilian Forte, who gives seminars about political activism on the Internet, says he was able to witness that split by tracking two of his students, one who followed conventional media such as cable news, the other in the streets using Twitter.

The G20 according to one who followed conventional media or main stream?

Only writing about anarchists, about what ‘thugs and goons’ they are, how they really deserved to get the crap beaten out of them while focusing on the destruction of private property and, of course, praising the police,” says Forte. “For him, there was this kind of homogenization that all the protesters were the same as these so-called ‘Black Bloc’ people.

The G20 according to the one tracking twitter for information from multiple sources?

‘OMG the rule of law was just discarded,’ ” concurs Hirsh. “It’s a real stark contrast.”

There was a clear contrast between journalists who were using Twitter and journalists who weren’t,”

“Journalists giving on-the-ground reports were far more accurate than those in newsrooms like (Peter) Mansbridge or Ann Rohmer.

The use of social media, it really does help to establish a public record, one that could contradict in very graphic and very concrete ways the official record, what is produced by the mainstream media,”

How is it that the people using twitter were far more accurate in their reporting then the talking heads in the newsrooms?
Could the talking heads not access the same information?
Of course they could! But, they didn't. Why?
I would think it is because the "talking heads" are not interested in accuracy, they are interested in indoctrination on behalf of the state or political interests
Therefore they inform the viewer in a way that benefits the power's that be.

We saw this type of misinformation promoted previously in the piece done by talking head
Mark Kelly on his show "Connect with". You can refresh your memory here
Here Mark Kelly served the status quo by mantaining the standard black vs white reporting on Israel. Israel always good, right and always the victim. Completely out of touch with any reality.
If you wonder why so many people hold ill informed opinions. Look no further then corporate/political main stream media.

Think of Operation Mockingbird

"You could get a journalist cheaper than a good call girl, for a couple hundred dollars a month."

Tuesday, July 13, 2010

Uganda bombing, suspicious timing and who benefits?

Gee, just yesterday I was noting how "al qaeda" always seemed to take timely actions that benefit the west.
Uganda bombings linked to al-Qaida

Somali Islamists linked to al-Qaida have claimed responsibility for two bombs that exploded among crowds watching the World Cup final in Uganda,

A bombing in Uganda. Killing world cup soccer fans. And surprise - surprise, or not.
The finding of an unexploded 'suicide vest'.

With media claiming this was suggestive of plans for another attack? I would think this would indicate nothing of the sort. Because, if another attack was being planned, why would the vest be left behind? One would think, using common sense, that if another attack was going to be carried out you can be dam sure, the vest would NOT have been left behind. But, with this convenient find all kinds of nonsensical claims can be made.

The attack that killed the soccer fans is being connected to Somalia.

Way, way back I put up some information about the importance of Western control of Somalia.
And it had to do with oil ! Oil transit and chokepoints.
Refresh your memory-

Haiti, Yemen, Somalia & the strategic locales they share.

The Yemen Hidden Agenda: A Strategic Oil Transit Chokepoint

In an older post I had mentioned the geostrategic positioning of Yemen, and Somalia for that matter, with regards to the Gulf of Aden.

After you get through all that, you should have a better idea of the strategic importance of Somalia, and why the west is so hot to control it.

That all said, let us take a look at Uganda and it's President for Life, yes, that is right President for Life! Yoweri Moseveni.

Ugandan General Moseveni- Western allied dictator

Uganda is governed by a U.S.-backed general, Yoweri K. Museveni, who wears civilian clothing when it suits his purposes. The U.S. primarily backs Gen. Museveni much in the same manner in which Washington supported Mobutu Sese Seko, the late dictator of what was then Zaire--Mobuttu was a U.S. stooge in Africa, much as Museveni is today.

Uganda under dictator Museveni is only one of two African countries --the other being Burundi, which recently held sham elections-- which have sent troops to Somalia to prop up the U.S. supported government there

The New York Times
reported that Uganda was also training child soldiers for Somalia's U.S.-backed and financed government;

Interesting to note- The Shabab initially denied connection to the bombings, but, then later another alleged spokesperson said they were connected.

"According to media reports, a Shabab spokesman praised the attack, but did not claim responsibility. (Later, another Al-Shabaab spokesman Ali Mohamoud Rage told reporters at a news conference in Mogadishu, Somalia that the group was behind the attack"

Shades of Osama Bin Laden and 9/11?

Then this-

Perverse as it may sound to the outside world, some Ugandans are also questioning the timing of the attacks. The terror attacks come when the Museveni regime has become more repressive. It faces mounting opposition by political parties and civil society.

So the attack at this time would allow the military dictator to clamp down even harder on the population under the guise of fighting terrorism. Convenient.

Take a look at who was coming and going from Uganda prior to the explosions-
June 29th/2010

PRESIDENT Yoweri Museveni has held talks with a senior US administration official who has been on a visit to Uganda.

Judith McHale, the American under-secretary for public affairs and public diplomacy, met Museveni on Monday at the State House Entebbe.

The two talked about trade, investment and development in Africa, according to a statement released from State House yesterday.

McHale is the second senior US administration official to visit Uganda in a period of one month. In May, the US assistant secretary of state, Johnny Carson, visited Uganda and held talks with President Museveni.

On Monday, Museveni also met Antoinette Sayeh, the International Monetary Fund (IMF) director for African department.

Interesting to note Israel has ties with dictator for life, Museveni.
This is a good article for the background-

Ties were renewed in July 1994 by President Yoweri Museveni, who seized power in a military coup in January 1986. At first Museveni was hostile toward the West and Israel, but in the 1990s, seeking to revive Uganda's economy that was devastated under Amin's rule, he gradually drew closer to the West and softened his attitude toward Israel.

The US and Israel can never let a good dictator go to waste, for a while..

Monday, July 12, 2010

Iraq: A convenient 'Al Qaeda' attack on the Central Bank

Al Qaeda is always there when the Western collective (nations known as western nations) need them.
It is like a symbiotic relationship. Whoever "Al Quaeda" actually is?
I admittedly lean towards intelligence agencies, covert ops and infiltrated groups.
So this news story is really interesting....

Iraq: Terror or Corruption? Central Bank Attack Probed

I will put emphasis on the relevant sections-

Iraqi authorities are investigating a fire that destroyed sensitive documents during an apparent Al Qaeda in Iraq attack against the Central Bank of Iraq, amid suspicions that the fire may have been set to destroy evidence in a potentially huge corruption case, officials say.

Investigators became suspicious, however, after they discovered that the fire was not caused by any of the explosions, but rather appeared to have been started deliberately in a second-floor room that is used by the inspector general responsible for investigating corruption cases said Sabah Saadi.
According to Saadi, the fire destroyed documents stored in the room that pertained to a particularly sensitive case involving a series of fraudulent checks drawn against accounts held by different companies with state-owned banks. At least $711 million had been found to be missing in the scheme, and two bank managers had been detained as part of an investigation before the fire, he said. But Saadi suspects that the scam may have been much larger and could have involved many more people.

So "Al Quaeda", happens to launch a very timely attack enabling someone (who?), undercover of the attacks, to destroy evidence in the form of sensitive documents related to nearly a billion dollars missing from banking schemes.

Among the many theories this one holds in amongst the Iraqi people-

A long-standing suspicion among many Iraqis that Al Qaeda is being used as a convenient cover by powerful political forces.

I think the Iraqis have got the right idea.

Sunday, July 11, 2010

Lone protestor flips the bird at G-20 protest marchers. How can he not support human rights and freedoms?

You may have heard there were protests against the G-20 police state actions in Canada?

As many as 1200 people marched in Toronto, more then 1000 participated in a protest in Montreal and 100's came out in Halifax.

All to protest the outrageous mass arrests and forced incarcerations of over 1,000 people the vast majority of whom were released without charge. Including the arrest of a man, an amputee, police took his leg, used it to pin his head to the ground, dragged him on the ground when he could not move fast enough then incarcerated him, legless, for 24 hours. As witnessed independently by a 21 year old student who recounts their own arrest and detainment

Despite the mass arrests and incarcerations, the abuse of the disabled man, one lone man stood giving his middle finger to the marchers in Toronto.

Of course, all the media ran to give this 'gentleman' his due and excessive coverage.

"The man’s display drew significant attention as members of the press swarmed to the protester. "

Well the main stream media loves to support tyranny, so this would be right up their alley!

But, back to the man who stands alone.
One man standing at the corner, giving the middle finger to protesters wearing profanity laden clothing, additionally hanging another profanity laden t-shirt on a nearby post as well as on his motorbike, as he stood proudly giving his middle finger salute to people protesting against tyranny, oppression. Against unlawful arrest and incarceration.
You may wonder, what sensible individual would stand in support of tyranny, oppression, unlawful arrest and incarceration, and actually protest people who are exercising their human rights?

Let's take a look at this fellow, and his protest, shall we?
Man protests the G-20 protesters

Here is the t-shirt he had mounted to the pole-

Here is the t-shirt he had mounted to his motorbike

And, here is a picture of him beside his motorbike. You are going to have to click on the picture to get the whole image! Notice the flag he flies? The state which he supports?

Israel, the flag of Israel flies on his motorbike. The country that routinely denies human rights, supports tyranny, oppression and unlawful arrest. The country that commits acts of piracy in International waters, killing aid workers in cold blood. Israel is supported by this individual?
Oh and by the way he is in Canada, where is his Canadian flag?

US banks' role in Mexican drug trade

Ever wonder why it is the border between Mexico and the US is not really a secure border?
And, why the Obama administration is coming down so hard on Arizona for enforcing immigration/border crossing laws?

Could it be, because the US administration really doesn't want a secure US/Mexican border? One that may impede that which is being transported across the border?

A DC-9 jet lands in the port city of Ciudad del Carmen, 500 miles east of Mexico City
The crew attempts to keep soldiers away by saying their is a dangerous oil spill.
The soldiers become suspicious and check the plane. What do they find?
They found 128 black suitcases, packed with 5.7 tons of cocaine, valued at $100 million. The stash was supposed to have been delivered from Caracas to drug traffickers in Toluca, near Mexico City, prosecutors later found. Law enforcement officials also discovered something else.

The smugglers had bought the DC-9 with laundered funds they transferred through two of the biggest banks in the United States: Wachovia Corp. and Bank of America Corp.

This was no isolated incident. Wachovia, it turns out, had made a habit of helping move money for Mexican drug smugglers. San Francisco's Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers - including the cash used to buy four planes that shipped a total of 22 tons of cocaine.

The admission came in an agreement that Wachovia struck with federal prosecutors in March, and it sheds light on the largely undocumented role of U.S. banks in contributing to the violent drug trade that has convulsed Mexico for the past four years.

Wachovia admitted it didn't do enough to spot illicit funds in handling $378.4 billion for Mexican currency exchange houses from 2004 to 2007. That's the largest violation of the Bank Secrecy Act, an anti-money-laundering law, in U.S. history - a sum equal to one-third of Mexico's current gross domestic product.

So Wachovia strikes a deal with federal prosecutors? Which means, we have to know this is a token plea. Meant to ensure the masses, to create the perception, the government is getting tough. But, would they government really 'get tough' on the banksters?

Now for a word from an insider who quit the bank in disgust-

"It's the banks laundering money for the cartels that finances the tragedy," said Martin Woods, director of Wachovia's anti-money-laundering unit in London from 2006 to 2009.

Woods says he quit the bank in disgust after executives ignored his documentation that drug dealers were funneling money through Wachovia's branch network.

"If you don't see the correlation between the money laundering by banks and the 22,000 people killed in Mexico, you're missing the point," he said.

Banks profits, open borders and chaos. Money laundering for drug traffickers. If you don't see the correlation, your missing the point.

This bit of news is made much more credible, not that I had any doubts, of the bankers involvements with drug trafficking, when you recall this older posting February 11/2009

Wow, Drug money flowed into banks!

The United Nations' crime and drug watchdog has indications that money made in illicit drug trade has been used to keep banks afloat in the global financial crisis, its head was quoted as saying on Sunday.

Standard operating procedure for the banks. Laundering drug money. So very profitable!!!