Transpicuous News Dec 28,2014: Planes, Ships, and the Bankmobile

Good evening and Welcome to Transpicuous News- our final show of 2014! This week, while the public guzzled nog and loved and laughed with friends and family, many things things rumbled down the tube to change the world. We're going to discuss the missing Air Asia plane, the Sinking Ships, and who's driving the gettaway car for the banking mafia. Hang tight my friends, the road is really twisting and turning now! 

Below is a list of links to stories that I have been following this past week, I haven't put them in any particular order this time, but I will highlight a few that I think are VERY interesting.

I will be watching the Air Asia Story very closely, and the Russia & China alliance that is coagulating.  Stay Tuned!

D

http://transpicuousnews.blogspot.com/2014/12/transpicuous-news-dec-282014-planes.html





http://www.hangthebankers.com/politicians-to-pass-cyber-security-bill-due-to-sony-hack/
http://www.govinfosecurity.com/obama-signs-5-cybersecurity-bills-a-7697/op-1
http://rt.com/usa/obama-signs-cyber-security-order-042/
http://www.homelandsecuritynewswire.com/dr20141223-obama-signs-five-cybersecurity-measures-into-law
http://politicalvelcraft.org/2014/12/18/russian-ruble-doing-it-right-rothschild-bankers-in-u-s-ready-for-savings-and-pension-funds-confiscation/
http://investmentwatchblog.com/end-game-putin-may-end-ruble-crisis-by-taking-russia-onto-the-gold-standard/#t4eHhXxugUO0EdEu.99
http://www.silverdoctors.com/checkmate-is-russia-selling-oil-for-gold/
http://www.hamptoninstitution.org/the-gold-myth.html#.VJW7Gv8ACA
http://www.zerohedge.com/news/2014-12-19/capital-controlling-boss-nigeria-belarus-halt-all-fx-trading-nigeria-central-bank-sa
https://uk.news.yahoo.com/belarus-blocks-online-sites-closes-123440456.html#7xE0oy
http://www.wsj.com/articles/belarus-president-ousts-prime-minister-central-bank-chief-1419697959
http://allafrica.com/stories/201412280031.html
http://www.mauldineconomics.com/ttmygh/pdf/how-could-it-happen
http://freepressjournal.in/china-eases-market-access-for-foreign-banks/
http://www.zerohedge.com/news/2014-12-19/just-what-china-buying
https://ca.news.yahoo.com/massive-b-c-gold-mine-near-alaska-border-232725401.html
http://rt.com/news/216563-china-russia-economic-hardships/
http://www.zerohedge.com/news/2014-12-21/global-monetary-reset-under-way
http://www.telegraph.co.uk/news/11305953/Trader-goes-missing-after-130m-of-clients-cash-disappears.html
http://fullcomment.nationalpost.com/2014/12/20/conrad-black-the-saudis-believe-the-the-west-is-about-to-give-in-to-iranian-demands-crashing-the-price-of-oil-is-how-it-fights-back/
http://www.zerohedge.com/news/2014-12-26/will-we-never-learn-meet-subprime-auto-title-loans-2014s-home-atm
http://www.bloombergview.com/articles/2014-12-25/china-steps-in-as-worlds-new-bank
http://www.marketwatch.com/story/break-up-citigroup-now-2014-12-26
http://rt.com/news/217663-germans-keep-billions-deutschmarks/
http://rt.com/news/216083-oil-us-morales-bolivia/
http://rt.com/business/217803-cbr-swift-alternative-system/
http://rt.com/usa/217919-islamic-state-airstrikes-cost-casualties/
http://rt.com/news/218019-bill-ban-bitcoin-russia/
http://rt.com/news/218147-air-asia-flight-missing/
http://www.cnn.com/2014/12/27/world/asia/airasia-missing-plane/index.html
http://www.zerohedge.com/news/2014-12-27/air-asia-confirms-lost-contact-indonesia-flight-after-crew-asked-unusual-route-155-p
http://rt.com/news/218155-missing-airasia-flight-updates/
http://www.channelnewsasia.com/news/singapore/briton-on-airasia-qz8501/1553934.html
http://www.nytimes.com/2014/12/23/business/alstom-plead-guilty-bribery-us-justice-department.html
passenger list: http://www.dephub.go.id/public/0506_001%20PAX%20AWQ8501.pdf
http://www.nst.com.my/node/66238?d=1
http://rt.com/news/218179-ferry-greece-italy-fire/
http://www.hurriyetdailynews.com/turkish-merchant-ship-sinks-after-collision-off-italy.aspx?pageID=238&nid=76182&NewsCatID=345
http://www.zerohedge.com/news/2014-12-27/north-korea-trolls-obama-compares-us-president-monkey-tropical-jungle
http://www.telegraph.co.uk/finance/economics/11313327/Britain-edges-past-France-on-world-stage.html
http://www.straitstimes.com/news/asia/east-asia/story/hong-kong-police-arrest-2-grabbing-cash-spilled-out-armoured-van-road-2014
http://presstv.com/detail/2014/12/28/392147/us-could-stop-un-funding-over-palestine/
http://www.bloomberg.com/news/2014-12-26/obamacare-aided-insurer-almost-broke-after-145m-in-loans.html
http://www.bloomberg.com/news/2014-12-25/credit-suisse-ordered-to-face-new-york-s-mortgage-fraud-claims.html
http://www.businessweek.com/articles/2014-12-23/how-the-national-childrens-study-fell-apart
http://www.cnn.com/2014/12/23/tech/innovation/tomorrow-transformed-venus-blimp-city/index.html?hpt=hp_bn5
http://www.zerohedge.com/news/2014-12-26/china-launch-yuan-swap-trading-russian-rubles-monday
http://www.survivalinternational.org/news/10623
http://www.cnbc.com/id/102297080
http://orientalreview.org/2014/12/22/the-obama-raul-deal-exposed-how-cuba-surrendered-without-a-shot/
http://oilprice.com/Energy/Oil-Prices/Did-The-Saudis-And-The-US-Collude-In-Dropping-Oil-Prices.html



My Notes on the Aviation accidents of 2014.  As I said in this weeks Transpicuous News, These are just the main ones that jumped out at me, and the list doesn't include the 7 or 8 medical flight crashes that I found, nor the military accidents that abounded in 2014.



20 January 2014, a Britten-Norman Islander light aircraft crashed in the Apuseni Mountains- Romania. The aircraft was piloted by two crew and was transporting a five-person medical team from Bucharest to Oradea....the head of the national emergency response department, IGSU, resigned. One day later, also as a result, the Romanian minister of the Interior resigned

11 February 2014, an Algerian Air Force Lockheed C-130 Hercules aircraft crashed into Djebel Fertas mountain near Aïn Kercha, Oum El Bouaghi Province, Algeria;[2][3] with 74 passengers and 4 crew on board.

16 February 2014- Nepal Airlines Flight 183 was a scheduled domestic passenger flight operated by a de Havilland Canada DHC-6 Twin Otter that crashed in the jungles near Dhikura VDC about 40 nautical miles (74 kilometres) south-west of Pokhara, Nepal

17 February 2014, a 748 Air Services Hawker Siddeley HS 748 performing a humanitarian cargo flight from Juba International Airport to Bentiu Airport, South Sudan crash-landed at Bentiu, killing one of four occupants

21 February- Presidential helicopter crashes in Ecuador, 3 dead- president NOT onboard

March 8 - Malaysian Airlines Flight 370, traveling from Kuala Lumpur to Beijing, disappears from radar in airspace over the Gulf of Thailand.

13 March 2014, an AgustaWestland AW139 of Haughey Air crashed shortly after take-off from Gillingham, Norfolk for Rostrevor, County Down, United Kingdom. All four people on board were killed, including Edward Haughey, Baron Ballyedmond.

17 May 2014, an Antonov An-74 airplane of the Lao People's Liberation Army Air Force crashed in northern Laos while en route to Xiangkhouang Province. Among those killed were the Minister of Defense of Laos, Douangchay Phichit, Minister of Public Security Thongbanh Sengaphone, and the governor of Vientiane.

4 June -An F/A-18E Super Hornet of VFA-81 Sun Liners crashed while trying to land on the USS. Carl Vinson off the coast of Southern California .Pilot ejected safely.

4 June- A AV-8B Harrier crashed into a house in Imperial County,California. Pilot sustained minor injuries.

13 July- A Z-9 helicopter went down about 10 kilometers south of Phnom Penh claimed 4 lives, including 2 Cambodian military generals

14 June 2014, an Ilyushin Il-76MD of the Ukrainian Air Force was shot down by forces of the self-proclaimed Lugansk People's Republic during the Ukrainian anti-insurgent operation against the unrecognized Lugansk People's Republic and the Donetsk People's Republic, in its eastern Luhansk and Donetsk oblasts. The aircraft was on approach to land at Luhansk International Airport, and was carrying troops and equipment from an undisclosed location. All 49 people on board died.

Jun 23 2014- Lear Jet crashes after colliding mid-air with Typhoon combat plane over Germany

July 17 - Malaysia Airlines Flight 17 crashes in eastern Ukraine after being shot down by a surface-to-air missile, according to the United States. All 298 people aboard are killed.

July 23 - TransAsia Airways Flight 222 (GE222/TNA222) was a scheduled domestic passenger flight that crashed into buildings during approach to land in bad weather at Magong Airport, Penghu Island, Taiwan,

July 24 - Air Algerie Flight 5017 crashes in Mali, killing 116 people.
110 passengers on the plane; of those, 52 were French citizens, at least 33 of whom were French military personnel serving in Africa and Mali including three senior intelligence officials.[18][19] A senior Hezbollah leader who had been posing as a businessman in Senegal and Burkina Faso was also on board.

10 August 2014- Sepahan Airlines Flight 5915 (SPN 5915) was a scheduled domestic passenger flight from Tehran to Tabas, Iran. On 10 August 2014, the HESA IrAn-140 aircraft serving the flight crashed shortly after takeoff from Mehrabad International Airport, falling into a residential area near the Azadi Stadium.

13 August 2014 a Cessna Citation 560 XLS+ crashed whilst carrying Brazilian Socialist Party presidential candidate Eduardo Campos. All seven people aboard the airplane were killed in the accident, which took place around 10 AM BRT while trying to land at Santos Air Force Base

21 August- Guatemala army chief of staff among 5 dead in helicopter crash

30 August- Ukraine Air Alliance flight crashed in Algeria. As per Ukrainian media, 7 people who were in the plane died.

September 5, 2014, a SOCATA TBM 900 crashed into Caribbean Sea, near Jamaican coast-
airplane belonged to Larry Glazer,[8] a building redeveloper in Rochester, New York who owned the Xerox Tower and Bausch & Lomb Place buildings, along with several other structures through Buckingham Properties and was leading redevelopment efforts in downtown Rochester, and that he and his wife were aboard the plane. His wife, Jane, was a business leader in her own right, as the founder of local catalog company QCI Direct.[11]

12 September- Nigerian military jet missing after mission

20 October- "Anti-Petrodollar" CEO Of French Energy Giant Total Dies In Freak Plane Crash In Moscow

31 October- Virgin Galactic space rocket crash: Richard Branson’s dream of space tourism suffers setback after Mojave crash kills test pilot

November 12, 2014, an Armenian Mil Mi-24 attack helicopter was shot down by Azerbaijani Armed Forces

9 December-  David Hartman, a vice president of Durham-based Nuventra, was among the six people whe died Monday in a plane crash in Montgomery County, Md. The crash also killed Michael Rosenberg, founder and CEO of Durham-based Health Decisions and a third person on board, whose name has not been released.

Dec 26 - Seven people were killed when their plane crashed shortly after taking off from Colombia's northeastern city of Bucaramanga late Wednesday, the country's civil aviation authority reported Thursday.

Five lies about America’s Debt, or How the Grinch Steals Christmas

US Congress is "struggling" to come up with their 2015 budget.  I say "struggling" in quotes, because that is an extreme understatement.  By December 11th 2014, US Congress has to come up with a 2015 budget for the government. .... almost two and a half months AFTER the beginning of the 2015 fiscal year began.    Of course, as the elections set up a new floor of mess, the very act of passing anything in congress is a clusterfuk of epic proportions.  Between the Keystone Pipeline insanity, the military budget cut ongoing arguments, the Immigration law fiasco, the begging for Ebola "emergency" funds (for an "outbreak" that the public is refusing to swallow)...... I'm going to go out on a limb here to say, the chances of US Congress coming to an agreement on the 2015 budget before the deadline, is pretty much 0%.

I am going to prognosticate for a moment:

Congress will shut down the government, just as it did in 2014 when they couldn't get past their squabbles.  Last year, when they couldn't get anything accomplished, they basically wrote themselves a blank check for the coming fiscal year..... and read below to see how that panned out for them. But, in my opinion, I think that this time there is a much bigger agenda behind the shutting down of the government.  I am watching this very closely, because there are a lot of alarm bells going off in my head right now. 

• The gold market is fixed.

• The FOREX market is fixed.

• Commodities are fixed- look at gold and oil in msm

• The stock market is fixed

• Repeated bank "stress tests"- globally

• The big banks have failed (soon to be made public?)

• The Central Banks being called into question on gold reserves

• The BRICs are moving into major positions in finance

• China has cornered the worlds gold market and stock market- moving into position to be the new reserve currency

• "ISIS" new gold coins to be launched

•  Iran moves against "ISIS" in Iraq (? or against gold currency?)

• Arrests in various governments ARE taking place.

• All "Medical" distractions have failed- ebola, polio, flu....

• Japan shuts down government- Dec 14 elections forced

• (Japan owns the largest piece of US debt instruments)

• Staged distractions in Hong Kong - protests- while major financial changes are launched there.

• Ukraine/Russia distraction no longer working

• Syria distraction no longer working

• "Banker" deaths, arrests, resignations reach epic proportions

• "False Flag" events being outed instantaneously globally

• Main stream media influence drastically reduced

These points are just the main ones that are flashing in neon across my mind in this moment.

The "New" financial system is online..... though not seen yet.  "They" are struggling to"Press the Button" because every time they do, they discover another layer of fraud and lies by various countries (corporations) about their physical assets that are needed for them to be Basel III compliant.  Not only that, but the very basic premise of "asset backed" currencies and financial backing is blatantly being called into question as the public can see the outright fraud in the currency/forex, and commodities/gold/oil/silver markets that are the supposed "backing" or "assets" of Basel III.  This "New" financial system is just slavery 2.0 - that is clearly seen by those working to uncover the information on this.  BUT.... as "they" push ahead with their system of financial corruption, "they" KNOW that it won't last.

Please watch the next few weeks very carefully.  IF the US government DOES shut down- regardless of whether they spin it as "Oh well, let's just start our Christmas vacation early this year"  or due to arguments within Congress as the idiots push their agendas- There is something very big afoot.  IF the US government goes into shut down again, watch for the slight of hand that will follow while the public is sipping nog and watching the Grinch steal Christmas.


D



http://www.sovereignman.com/trends/five-complete-lies-about-americas-new-18-trillion-debt-level-15661/

Five complete lies about America’s new $18 trillion debt level

by Simon Black on December 2, 2014

December 2, 2014
Santiago, Chile
On October 22, 1981, the government of the United States of America accumulated an astounding $1 TRILLION in debt.
At that point, it had taken the country 74,984 days (more than 205 years) to accumulate its first trillion in debt.
It would take less than five years to accumulate its second trillion.
And as the US government just hit $18 trillion in debt on Friday afternoon, it has taken a measly 403 days to accumulate its most recent trillion.
There’s so much misinformation and propaganda about this; let’s examine some of the biggest lies out there about the US debt:
1) “They can get it under control.”
What a massive lie. Politicians have been saying for decades that they’re going to cut spending and get the debt under control.
FACT: The last time the US debt actually decreased from one fiscal year to the next was back in 1957 during the EISENHOWER administration.
FACT: For the last several years, the US government has been spending roughly 90% of its ENTIRE tax revenue just to pay for mandatory entitlement programs and interest on the debt.
This leaves almost nothing for practically everything else we think of as government.
2) “The debt doesn’t matter because we owe it to ourselves.”
This is probably the biggest lie of all. Two of the Social Security trust funds alone (OASI and DI) own $2.72 trillion of US debt.
The federal government owes this money to current and future beneficiaries of those trust funds, i.e. EVERY SINGLE US CITIZEN ALIVE.
I fail to see the silver lining here. How is it somehow ‘better’ if the government defaults on its citizens as opposed to, say, banks?
3) “They can always ‘selectively default’ on the debt”
Another lie. People think that the US government can pick and choose who it pays.
They could make a bing stink about China, for example, and then choose to default on the $2 trillion in debt that’s owed to the Chinese.
Nice try. But this would rock global financial markets and destroy whatever tiny shred of credibility the US still has.
Others have suggested that the government could selectively default on the Federal Reserve (which owns $2.46 trillion of US debt).
Again, possible. But given that the Fed (the issuer of the US dollar) would become immediately insolvent, the resulting currency crisis would be completely disastrous.
4) “It’s the NET debt that’s important”
Analysts often pay attention to a country’s “net debt” instead of its gross debt. If you have a million bucks in debt, and a million bucks in cash, then your ‘net debt’ is zero. It washes out.
Problem is, the US government doesn’t have any cash. The Treasury Department opened its business day on Friday morning with just $71.9 billion in cash, or just 0.39% of its total debt level.
Apple has more money than that.
5) “They can fix it by raising taxes”
No they can’t. Just look at the numbers. Since the end of World War II, US government tax revenue has consistently been roughly 17% of GDP.
They can raise tax rates, but it doesn’t move the needle in terms of revenue as a percentage of GDP.
In other words, the government’s ‘slice of the pie’ is pretty consistent.
You’d think with this obvious data that, rather than try to increase tax rates (ineffective), they’d do everything they can to help make a bigger pie.
Or better yet, just leave everyone the hell alone so we’re free to bake as much as we can.
But no. They have to regulate every aspect of people’s existence: How you are allowed to educate your children. What you can/cannot put in your body. How much interest you are entitled to receive on your savings.
All of this costs time, money, and efficiency. So do never-ending wars. The bombs. The drones. The airstrikes.
This isn’t about any single person or President. The problem is with the system itself.
History shows that every leading superpower from the past almost invariably fell to the same fate.
Great powers often feel that their wealth and success entitles them to spend recklessly and wage endless, arrogant wars. The Romans. The Ottoman Empire. The British.
History may not repeat but it certainly rhymes. And the lesson here is very clear: debt weakens a nation. It weakens a society.
Generations that will not even be born for decades will inherit these debts by complete accident of birth.
And the people in charge of the system have backed themselves into a corner where there is no way out other than to default– either on their creditors (creating a global financial crisis), the central bank (creating a currency crisis), or on the citizens themselves (creating an epic social crisis).

The Last Gasp Of The Global Economy

Sorry my friends... I thought I had reposted this out from Transpicuous News when I published it last week..... apparently the internet fooled me again, lol.

D

http://transpicuousnews.blogspot.com/2014/11/the-last-gasp-of-global-economy.html

The Last Gasp Of The Global Economy

Brandon Smith of Alt Market summarizes the current global financial situation with a clarity and conciseness that is hugely lacking in the world of financial rose-coloured-glasses wearers.  The desperate trumpeting of the Main Scream Media contains a definitive shrill tone of panic that belies their plastic smiles as they try to convince the public that all is just wonderful in the world of "finance".  Anyone with even the slightest capability of rational thought can read the headlines and listen to the financial reports and KNOW that all is NOT right in the global economy and that the MSM are absolutely lying through their teeth.  Anyone who tells you otherwise is either working for "them", or completely brain dead.


....just sayin.


http://www.alt-market.com/articles/2394-we-have-just-witnessed-the-last-gasp-of-the-global-economy

We Have Just Witnessed The Last Gasp Of The Global Economy

Wednesday, 05 November 2014 07:00 Brandon Smith

It is difficult to find the motivation to write about the state of the global economy these days, if only because there is not much left to say. I feel like I am composing multiple obituaries for the same long dead corpse. Most of the Liberty Movement and I suspect a small portion of the mainstream market understand that there is no tangible or legitimate recovery, let alone a stable fiscal ladder to rest our feet upon. There is literally nothing left to the financial system but rigged statistics, false promises, and ever expanding debt. In fact, the concept of debt creation is the only thing holding our facade of an economy together.

You and I probably find this rather strange. We come from a long forgotten school of economics, in which demand, supply, and savings actually mean something in terms of our fiscal health. I have come across many mainstream economic acolytes and cultists in recent months who disregard ALL logic and reason, forsaking the realities of demand based trade and immersing themselves in a grand delusion in which central bank generated debt and inflation are the real source of “prosperity”. I feel sorry for them in a way, because the truth is right in front of their faces, and yet, they will never see it, not until they are buried alive in it.
Nothing makes this problem more apparent than the behavior of equities in the past month.
Stocks are, of course, a sham of the highest magnitude, but they do still say something about the greater truth behind our financial condition. The fact that many market traders clearly KNOW that it's all a farce, and are actually banking and betting on the scam, tells me exactly how close we are to the end of the line. The recent near 10% drop in the Dow at the beginning of Fall must have certainly been a shock for the day trading community as well as mainstream pundits. The assumption for the past few years has been that central bank stimulus guarantees a constantly growing bull market, and to experience a considerable decline in equities even while QE was still in action was at least a noticeable wake up call.
I suspect that this decline in markets was not necessarily planned by the central banks, and was a stumble in their scheme to keep stocks elevated until after the QE taper had settled. It was also a stumble I expected a little earlier, around the end of Summer to be exact. Since the drop, central banks and the mainstream media have reacted forcefully to manipulate public perception as well as investor optimism, but this cannot go on for much longer.
In almost every instance of market decline, financial news group Reuters has injected false rumors of more stimulus from the European Central Bank. This was also the case in October as markets began to crash. These rumors were later dashed by the Financial Times, but not before the mere mention of more fiat stimulus from any central bank sent stocks soaring yet again.
This also occurred when middle management Federal Reserve member John Williams hinted in interviews of the possibility of “QE4” if the economy began to show signs of regression. Williams, of course, has no say in the decision to reintroduce QE, but this did not matter to investors, who immediately latched onto the meaningless news like anxious children, and threw their money back into stocks again.
And, most recently, Japan's central bank announced a sudden and surprising re-ignition of stimulus measures to the tune of 80 Trillion Yen a year. This announcement, once again, sent global stocks skyrocketing, even though it was a stark admission by Japan's financial elite that all their inflationary printing efforts for the past several years have failed miserably.  As I have warned in the past, when bad news becomes good news because bad news promises more central bank intervention, the economy is truly on the verge of a reckoning.
Hopefully, we can all see the trend taking place here. With the end of the Federal Reserve taper now complete, and questions circling as to when interest rates will be raised, a market volatility not seen since 2008-2009 is returning. The ONLY measure that has slowed the crash is the use of false news stories hinting at further stimulus, as well as futile efforts by other central banks to pick up where the Federal Reserve left off. This shows that the investment world is so thoroughly addicted to QE that even the mere hint of another small fix of their favorite drug is enough to get them out of bed and excited. They know that the entire system is rigged by central banks, and they don't care. In fact, they revel in it. The only goal of your average day trader now is to profit on the scam for as long as humanly possible, even though the ultimate conclusion of the scam will mean the utter destruction of their profits and the end of their way of life.
I hate to use a cinema analogy for a very real threat, but investors today remind me of Joe Pantoliano's character in 'The Matrix'; the guy who is fully aware that the Matrix is an illusion, but wants to experience the pleasure of the illusion all the same. So much so that he doesn't mind being exploited like a slave by the system, and is willing to sacrifice all measure of truth and even the future just to get a taste of the fantasy again.
But what is the reality that the central banks are trying to hide, and why? This I have written about in detail on literally hundreds of occasions, so I will only cover the very latest news briefly here, and why I think the overall dynamic is about to change for the worse.
Global exports, and thus consumer demand, are plunging. Germany, the only pillar left to prop up the failing European Union, has experienced a severe decline in exports not seen since 2009.
China, the largest exporter and importer in the world, and Chinese companies, have been caught in a number of instances using fraudulent invoices to artificially inflate their own export numbers, in some cases reporting 50% more exported goods than had actually existed.
China's manufacturing has also declined for the past five months, exposing the nature of its inflated export stats and indicating a global slowdown.
The Baltic Dry Index, a measure of global shipping rates for raw goods, and thus a measure of demand for shipping, continues to drag along near historic lows.
The U.S. consumer (the only economic asset the U.S. has besides the dollar's world reserve status), has seen declines in spending as well as wages.
In the meantime, long term jobless Americans continue to fall off welfare rolls by the millions, making unemployment numbers look good, but the overall future picture look terrible as participation rates dissolve into the ether of government statistics.
How is such poverty being hidden? Foodstamps. Plain and simple. Nearly 50 million Americans now subsist on food stamp programs today, and this number shows no signs of dropping. In states like Illinois, two people sign up for food assistance for every citizen that happens to find a job.
But this is all rudimentary. Most analysts in the Liberty Movement agree that our fiscal structure is on the edge of collapse; what they tend to bicker about is HOW and WHEN the structure will collapse.
Guessing market declines has been extremely difficult in the midst of a fiat soaked fiscal environment.  Nothing is ever quite what it seems.  My predictions of a 10% drop by the end of Summer were off by three weeks. Because of the nature of QE stimulus manipulation of the Dow, our only real guide has been the timeline of the Fed taper, and the fact that major banks have been relying on fed fiat to continually cycle capital into equities through the use of low interest loans to corporations and the stock buyback scam. Company buybacks have given steady boosts to the markets at least since 2008, and many corporations are using up to 50% of their “profits” just to continue buying their own stocks.
This strategy, however, is reaching a point of diminishing returns as many companies are issuing too much debt in the process. IBM is a perfect example of a company that has hit the ceiling on stock buybacks.  This odd coordinated attempt by corporations and central banks to keep markets propped up even as companies sacrifice whatever debt stability they had left indicates a state of collusion between such institutions that goes far beyond the mere idea of "mutually assured greed".  Since at least 2008, there has indeed been a "conspiracy" amongst banks and international companies to generate a massive stock bubble designed to keep the masses calm and placated.  However, these groups understand, better than many give them credit for, that such measures will have to end, or be revealed.
With the taper finished and QE money drying up, it is important to ask a few questions. For example, how are companies going to continue to accumulate capital to dump into their own stocks if fed money is becoming scarce and consumer spending is in decline? And, if they can't continue stock buybacks because of a lack of funds or an overburden of debt, how are equities markets going to stay afloat?
And what about government debt? As it stands now, foreign interest in U.S. treasury bonds is waning. The vast majority of new bonds sold are short term. Until now, the Fed has been the primary buyer of long term debt, snapping up 10 year bonds from the market while other investors lose confidence in America's ability to pay off liabilities in the future. Now that QE is over, who is going to buy the ever expanding U.S. government debt? I aimed this question recently at a Fed cultist and his response was “Well...obviously somebody will buy it...”, though he couldn't specify.
The spike in short term debt purchases after the end of QE3 was also predictable, but it can only be sustained IF stocks begin to fall considerably yet again.  Think about it; interest in U.S. debt has been on the decline for years, not just because foreign banks are shifting away from the dollar, but also because stocks have been a much more attractive investment with greater returns guaranteed by Fed QE.  The taper announces a violent change in circumstances.  The only way for interest in U.S. debt to be energized, even for a short time, is for stocks to crash, leaving bonds as the only safe haven left.  I discussed this development in detail in my article 'The Final Swindle Of Private American Wealth Has Begun' at the beginning of this year.  All other investment avenues seem to be in decline, from foreign markets and forex, to commodities like oil.  Even gold and silver have taken a hit.  For the average investor, if a route in stocks occurs, they will immediately jump into bonds.  This plays into my theory on the coming financial end game, which I will be discussing in my next article.
Investor's are counting on an eventual QE4, but I think this might also be wishful thinking.
At the end of 2013, I predicted the Fed would indeed follow through with the taper of QE3, and that they would drastically reduce stimulus measures. I believe this is in preparation for a major implosion of U.S. markets in particular. The whole point of the taper is to support the illusion that the U.S. economy has recovered, and that the Fed has “accomplished its mission”. When a crash does take place, I think it will be ALLOWED to move freely and that new QE intervention will not be taken.  I have no doubt this crash will be blamed on an outside force or act of fate (the ebola outbreak, which is doubling in cases every three weeks, is a perfect possible catalyst), and that banks will be absolved of all blame in the mainstream.

Continue reading HERE

What If: The Tattered Ball of Twine

I originally released this article in February 2013.  A wonderful friend brought it to my attention a few days ago and after re-reading it a year later, I felt the need to repost it.  Today this article has far more meaning as a year later our own understanding of "what's happening" has been greatly expanded.

All over the world there are so many frustrated and angry people and groups.  They've been waiting for "something",  been promised "something", and yet those "somethings" haven't happened.

Whether they are groups of "Dinarians" waiting for the ever elusive "RV", or "Nesarians" waiting for the announcement of NESARA, or American Patriots waiting for the return of their  "Republic", or those waiting for "First Contact" or for announcements from world governments that they have been in contact with beings from other planets.  Whether they are groups waiting for "ascension", or "enlightenment", or groups waiting to be rescued by the "galactics" or "ascended masters".  Even those groups waiting for the "New World Order" and "martial law" and for "world destruction"......

.... they have all been left waiting.  

Nick and I had a conversation two nights ago on this topic and I will share my thoughts on it as I think they might help some of these groups join the dots and bring perhaps a bit of understanding to the interconnectedness of all of these topics.



"INTERCONNECTED"  - This is a vitally important aspect to understand in looking at all of the above situations and frustrations.  They are ALL interconnected and directly linked.



The main reason that not one of these things has been announced or openly discussed is because to admit to even one small aspect, is to open Pandora's Box and have ALL of "their" dirty laundry dumped out.  Because it is all linked together.

The situation in the world of "governments" and "finance" and even "science" globally is basically one huge FUBAR mess.   "They" know it.  "They" know that there is nothing they can do about it.  But that doesn't stop them from desperately trying anything possible to continue the charade.   "They" are hoping for a miracle.....  so far they've gotten a big fat zero.

THIS is why they have not moved forward with ANY of the announcements or any of the "changes":  because none of their planned "changes" were actually changes at all. They know that to announce even one thing in the above list, the entire house of cards- the whole charade- comes tumbling down to the ground in a pile of smoke and rubble.  This is because every aspect of all of these topics are linked together.  If they announce first contact, they have to announce the fact that they have HAD contact for over 60 years.  If they announce the perceived "New" Financial System, they have to fully admit the fraud of the old system AND explain the truth of what Value actually IS and where it comes from.   If they announce BASAL III, they have to announce transparently WHAT the physical "commodity" IS that they are using to back their "New" financial system.  If they announce the truth of GMOs, Chemtrails, Vaccines, Fluoride, and a hundred other sickening truths behind their corporate agendas, then they have to fully reveal ALL of these things in transparency and make full reparations for the damage they have done.  If they announce the fact that their "science" is completely full of holes and glaring lies, then they have to transparently explain WHY they have lied to humanity for so long.  If they announce that the truth about zero point energy, healing technologies and a multitude of inventions that they have buried for the past century, then they have to admit WHY they were hidden away.  If they admit to the fraud of one religion they must open the question of the validity of ALL organized religions, AND the reasons for using these controlling religions to hide the truth of consciousness from humanity and to keep them separated and enslaved.

Each and everyone of these things is also linked to the next one in line, forming and endless spiral of deceit and lies, showing just how desperate they have been to hide EVERYTHING from the people of this planet. 

It isn't that "they" are stubbornly refusing to move forward.  At this point they are DESPERATE to move forward!!!   It is that they cannot figure out HOW to move forward with their charade of change without the entire ruse becoming glaringly SEEN.  Every plan they have devised to try to keep the game going and to keep them in control has completely failed.  Every desperate attempt they have made to try to "fix" it, or to mask it, or to bluff their way through it.... has failed.  They KNOW that they cannot keep it all hidden anymore.... and they are terrified.

"THEY" are ALL terrified.  Not just the Cabal, but their controllers as well.   As I said: each and every aspect of these things, that they are trying so desperately to hide, are all tied together in one HUGE ball of mess- every piece is knotted to all the other pieces, and if they allow even one frayed string in the gnarled, convoluted and twisted ball of twine to be pulled loose, then ALL the tangles that have been snarled and braided together instantly fall apart, becoming completely transparent for everyone to see.

And once it is all made clear..... then all they are left with is tattered pieces of string in a pile on at their feet.




http://removingtheshackles.blogspot.com/2013/02/what-if.html

What If.....

What If......

There was a new financial system
...... that left the same banks in charge of your money?

What if

There was total debt forgiveness- both national and personal
...... but you still had to pay rent, buy food & gas & necessities and to pay bills?

What if

There were Prosperity Packages for those who signed up for them
..... but only for those that knew about it in advance?

What if

There was a new government
..... but it was made up of the same ol' politicians?

What if

There was free health care
..... by the same doctors we have now pushing the same drugs that already exist?

What if

There was new Laws
..... enforced by the same thugs/authorities we have now?

What if

There was a global revaluation of currencies
..... but you don't own any foreign currencies?

What if

You were told that  it's a whole new system
.....but the same CEOs were still making millions
.......but the same mega corporations we're still making vaccines, GMOs, fast food, toxic chemicals
..........but the oil wells were still pumping and the gas companies fracking, chemtrails still cris-crossing the sky?

What if

You had no say in the new financial system?
...or the new money?
......or the new government set up?
.........or the new laws?

What if

Countries were still controlled by religion and their laws controlled by a few zealots in fancy robes with fancy titles?


What if

Those checks they sent you, paying you back all the illegal income taxes you've had stolen from you for your entire life is a payoff to keep you fat and indolent,  happily counting your shiny pennies for a few years?

What if 

Their new era of prosperity and freedom still included passports to travel in and out of your country, drivers licences and insurance to own a vehicle, government registration of who you are, and continued to force you to prove that you are not a criminal?


What if

Everything they told you was new and wonderful, was actually the same old thing with a fresh coat of paint?


NOW.........  Think about this:

What if

There were no countries and no borders ?
There were no politicians and no royalty?
There were no lobbiests and no lawyers?
There were no religions, no sects, no cults?
There were no businesses harming our planet and ourselves? 
There were no wizards hiding behind the curtain controlling your life?

What if the universe had suddenly changed, releasing your mind from the confines of it's prison and allowing you to know WHO you are?

What if the YOU that they convinced you was you, was really a construct of their system and not the real YOU at all?

What if you looked inside and remembered WHO you are and the TRUTH of who you BE and what it means to DO?

What if THIS is what they are desperately trying to hide from you?

The GCR & RV : Exogen Update with my comments

I was sent this in a skype room so I do not have a link to the original post- if you know where it was posted, please feel free to repost this back to that site and send the original link to edit into this article.


I have remained silent on the "RV" stuff for a long time- mostly because there was so much bull crap and lies and ridiculousness going on that I basically said "To hell with this idiocy!!!"  and I have backed away from most of my sources.  

Having said that, those that I have kept in touch with have been keeping me apprized of what's been going on in the "back rooms" so to speak.  This post by EXOGEN is pretty close to the mark, and goes hand in hand with what I have been hearing for the past few months- the past 3 weeks especially.  I will add my comments below Exogen's.



Posted by EXOGEN on February 20, 2014 at 12:46am
PER ALL CONVERSATIONS TODAY..............

1. IRAQ JUST HAD THE RELEASE THE RATE MEETING

2. THE RAISE THE RATE MEETING ENDED WITH SMILES AND KISSES

I have no confirmation on what has happened IN Iraq in the past week

3. IRAQ HAS MET ALL REQUIREMENTS

Iraq had met all requirements months ago!

4. THE IMF, OTHER COUNTRIES, AND GOOD GUYS IN CONGRESS FACILITATED A JOINT GLOBAL CIRCUMVENTION OF THE USA/UST BEING IN CONTROL AND STOPPING THE RELEASE

5. THE DELAY WAS TIED TO THE DEVALUATION OF THE USD & COUNTRIES NOT WANTING FIAT CURRENCY ANYMORE

Yes, although there is a LOT more too it than just the dollar revaluing DOWN and getting rid of the perceived "fiat currencies" and moving to  "backed" currencies. POWER is worth more than money.

6. MANY SKR'S DONE ILLEGALLY WILL BE CLAWED BACK

Yes.  And many who've already "cashed in" will also be loosing their accounts.

7. #WE THE PEOPLE HAD A MAJOR IMPACT ON THE GENERAL PUBLIC RELEASE

8. THE BANKS HAD NO INTENTION OF DOING A GENERAL PUBLIC EXCHANGE

Yes- that is what they were trying to do.

9. THE USA IS NOW LAST ON THE LIST FOR RELEASE, ALONG WITH USA ALLIANCES WHO BLOCKED

I cannot confirm this, but don't even slightly doubt it.

10. THE USA/UST HAD A PRIVATE PLACEMENT DEAL AND CONTRACT AND THAT IS HOW ILLEGAL SKR'S WERE ISSUED AND LOANS, LINES OF CREDIT, POF'S, GFR'S, SBLC'S, LOC'S, VOD'S, VOF'S, AND OTHER INSTRUMENTS WERE LEVERAGED BY USA BANKS FOR ELITE AS BANK MADE MONEY VIA BANK INSTRUMENTS WITH NO FOREX OR CBI RATES VISBILE

Confirmed- 100%

11. THE PEOPLE WHO SAW FOREX EXECUTIVE SCREENS WATCHED ALL OF THISM ALONG WITH BANKERS WHO DID THE ILLEGAL LOANS ON THE SKR'S AND ISSUED ILLEGAL GFR'S

The big boys have been playing with those SKRs etc... for MONTHS- I've written about that several times.

12. THE GLOBAL IRAQ BONDS WERE SOLD BEFORE THEY WERE EVEN OFFERED AND ISSUED

13. THE GLOBAL CURRENCY SWAPS, CENTRAL BANK LIQUIDITY SWAPS VIA BRICS AND MINT COUNTRIES EXPEDITED THE  USD LOOKING FOR A NON FIAT CURRENCY TRANSITION

14. MANY BANKERS DYING KNEW TOO MUCH, TURNED ON EACH OTHER, BECAME A RISK, AND WERE ABOUT TO BE EXPOSED AND WERE ABOUT TO EXPOSE ALL THE CURRENCY MANIPULATION THEY DID GLOBAL FOR SELECT CLIENTS AND THEIR COMPANY BOOKS

murders and suicides.  Many forex based traders will be doing some hard time for the currency manipulations that they have perpetuated and pushed.  And others in Banking and Financial industries- the PANIC began back in November

15. THE NEW REPUBLIC STUFF YOU HEAR IS REAL

No Comment

16. CHINA NO LONGER WANTS USA DEBT, TREASURIES, OR BONDS

This is a MOOT point.  NO country wants US Debt, lol!!!  ALL perceived "National Debts" do NOT EXIST.  They never did exist.  That is the FRAUD that has been perpetuated on the people!  NO DEBTS EXIST!!

17. THE FX PROBE WAS THE GLOBAL STING OPERATION VATICAN INCLUDED

It actually goes deeper than that- LIBOR was part of the set up to mandate an "investigation" into FOREX trading, which was a set up to giving them the excuse to make the arrests.

18. THE USA HAS NOW BEEN FORCED TO ELIMINATE FIAT CURRENCY AND RETURN TO GOLD BACKED ASSET BASED CURRENCY

.... let's just call it "Asset backed" currency.

19. CURRENCY WILL NOW BE BACKED WITH NATURAL RESOURCES

People would do very well to research what is classified as "natural resources" .... (it's not trees)

20. FRACTIONAL BANKING AND DERIVATIVES ARE ABOUT TO BE HISTORY

Fingers crossed!

21. THE CABAL THINGS YOU HEAR ARE FACTS ABOUT GLOBAL CONTROL OF A MONETARY SYSTEM

Yes, but again, there is a lot more to it than just controlling a monetary system.  Control of the monetary systems could not be achieved without control of the "central banks", the perceived governments (corporations), the "commercial" banking system, the religious organizations/corporations, the media, the Education system, and All science and technology... just to name a few aspects.  THIS is the FRAUD.  Will we be told the TRUTH?  Again, fingers crossed.

22. GLOBAL MARKETS ARE CRASHING FROM FIAT CURRENCY

Global markets are crashing from a fiat currency that was set up to run wild in derivatives and leveraging and crash the system.  Every aspect of banking from the top down is build on various levels of fraud, connected in all parts to the lie of "fiat currency".

23. THERE REALLY ARE GOOD GUYS & BAD GUYS AND GOOD AND EVIL

There are those perceived to be good and those perceived to be bad.  That doesn't mean that they are either.  There is a much bigger truth in this that many people cannot and do not want to grasp.

24. THERE WAS EVEN A PLAN ON THE TABLE TO CHANGE EXECUTIVE ORDER 13303

I would ask people to seriously READ and RESEARCH Executive order 13303- this was never put into place to help the Iraqi people nor those who have IQD to exchange!!!!  Please read the fine print!!!!

Executive Order 13303

From Wikipedia, the free encyclopedia

Executive Order 13303 was issued on May 22, 2003 by United States President George W. Bush to protect the Development Fund for Iraq for the rebuilding of Iraq from any legal attachments or liens. Further, it protects Iraqi oil products and interests and ownership by US persons (defined to include US corporations) from attachment as well. Executive Order 13303 also terminates sanctions specified in EO 12722, EO 12724, EO 13290, as it applies to the development fund. In effect, EO 13303 provides an extraordinarily broad legal shield for any and all contractors and mercenaries working in Iraq on behalf of US corporations in any oil related enterprise.

25. BANKS DID DAILY TRANSACTIONS, EXCHANGES, LOANS, BY MANIPULATING THE SCREENS AND CUTTING THE SYSTEM ON AND OFF USING LIVE, ADMINISTRATIVE HOLDS,  HOLD PENDING, TESTING, AND PRODUCTION BACK BANK SCREEN FUNCTIONALITY AND DO TRANSATIONS

Again, I have been writing about this since last June.  We have watched as the exchange rates have bounced- sometimes over 1000% over night, to fall back to normal rates as soon as banks open.  THIS is the highest level of fraud that has been perpetuated by the Federal Reserve and the Banking Cartel and their Controllers.

26. BANKS HAVE BEEN EXCHANGING IQD SINCE LAST YEAR AND GIVING LOANS TO CORPORATIONS, ELITE, ETC BASED ON IQD WHICH IS ILLEGAL

Yep!  It's actually been happening for almost a year and a half.  Hence the mass gatherings in Reno and various other cities.  And the "guilty" parties are not just the banks.  Some of those pushing the "special groups" that have been taken through are just as guilty.... and will be charged accordingly.  Those NDAs  are not just scribbles on paper!!

27. THE WORLD GOT TIRED OF THE USA DELAYS TIED TO BUSINESS FAVOR AND POLITICAL GAINS & A CORRUPT GLOBAL SYSTEM

28. WE TOLD YOU IT WAS A BAIT AND SWITCH FROM DAY 1

29. THE DELAYS WERE ALL ABOUT CLASS WARFARE AND NOT WANTING TO EMPOWER THE POOR AND CHANGE THE GAPS OF MIDDLE CLASS, POOR AND ELITE, TO THE 1% RICH AND ELITE

Yes, but again, there is a LOT more to controlling the "rich & poor" than just financial power- this "power" struggle goes much higher than what the "Dinar" community believes.

30. IQD LAND RAISING "HE--" WAS HEARD GLOBALLY

31. THE VOICE OF IQD LAND WAS HEARD

32. THE GURU WARS WERE DESIGNED AND ENGINEERED TO DIVIDE IQD LAND

"Gurus" paid by various agencies to pump disinfo and to feed false info to other Guru's who were working with other agencies/countries to dirty the water.  All done very publicly.  Don't worry, the "good guys" know who all the paid stooges are.

33. THERE ARE STILL TRICKS AND TRAPS, AND BAITS AND SWITCHES IN PLACE AT EXCHANGE

YES!!!!  I will repeat this again for the 1 millionth time:  DO NOT GIVE YOUR DINAR OR DONG TO ANY GROUP OR "GURU" OR PERSON!!!!  These scams are STILL ongoing!!!!  THERE ARE NO EARLY CASH OUT GROUPS!  THERE ARE NO GROUPS THAT WILL GET PAID BEFORE THE INTERNATIONAL RELEASE.   Those that have fallen for this line will not be getting anything before any other person and those that HAVE received early "cashouts" are most likely going to have it all clawed back.

34. THE RATES ARE LIVE RIGHT NOW ON GLOBAL BANK SCREENS AND USA BANK SCREENS

I do NOT have confirmation of this in the US., BUT it has been live on bank screens in the US before...

35. THE ENTIRE PLANET IS NOW ON HIGH ALERT FOR THE G.C.R. RELEASE

That is what I am hearing.

36. THE FEDERAL RESERVE PURCHASED MORTGAGES TO EVOLVE TO GLOBAL LAND LORD AS PART OF THE TRANSITION AND THAT IS WHY THEY PURCHASED HUNDREDS OF BILLIONS IN MORTGAGES MONTHLY

This is part of the fraud that has been perpetuated.  Those mortgages never existed in the first place.  The Federal Reserve is buying Monopoly bonds with Monopoly money through a Monopoly banking system.  There is a very good reason that China dumped US bonds: They are worthless and the paper they are "printing" (snort) is worthless.  The Federal Reserve is buying their own bonds with their own perceived "currency"- that is like me writing you an IOU for a basket of apples and then paying the IOU off with "money" that I drew on some paper with a crayon. QE is no more than a cheap parlor trick that was done to perpetuate the myth of "economic recovery" to the people.   Every aspect of the Federal Reserve "bank" and the IRS (I'm not going to even get into "governments") is completely Fraudulent and ILLEGAL.

37. THERE ARE GOOD GUYS AND BAD GUYS EVERYWHERE

38. THE USD IS NO LONGER WANTED AS THE RESERVE CURRENCY OF THE WORLD

That is why so many countries are now using their own currency to trade with other countries.  the US dollar was history almost 2 years ago.

39. THE PETRO DOLLAR MONOPOLY IS ABOUT TO BE HISTORY

It already IS history- see above

THE VOICE OF IQD LAND MADE CHANGE

#WE THE PEOPLE MADE CHANGE

THE LARGEST TRANSFER OF WEALTH IN THE HISTORY OF THE WORLD IS NOW IN MOTION

We shall see, won't we?  I have said for  a year now that the Global Currency Revaluation and "RV" will be the greatest contrast ever seen.  The truth of what "Value" is and the truth behind the basis of the "New" financial system that they are trying to put into place is what needs to be SEEN.

Exogen is right- there are a LOT of people working feverishly to make all these things VISABLE- some of them might actually surprise you.

Sending Peace and Love to Pete- you are so missed little brother!!

Monopoly Money, "IOUs" and Where's the gold anyway?

Time for another episode of "As the world Turns... its stomach!"

In our last episode, we saw the Federal Reserve making up new magic tricks to try to save their asses by inventing $200 Billion for their bankrupt cousins, the Tobigtofail Family.  .....

This week, just so that our viewers don't think that this is just an Americancentric  show, we introduce you to the Chinese kingpins that also seem to of lost their checkbook!!!!

.... ok enough with the cheesy 80's TV!!!

............ although seriously?  It kinda is like watching a really terrible 80's Soap Opera!!!

Bill posted this article yesterday which brings the spotlight over to Asia and the Chinese Banksters.

  China’s $23 Trillion Rothschild Credit ‘Debt’ Bubble Is Starting To Collapse ~ China Hanging Bankers: While U.S. Is $6 Trillion Less At $17 Trillion.

Did you know that financial institutions all over the world are warning that we could see a “mega default” on a very prominent high-yield investment product in China onJanuary 31st? Transparency From China Coming To America: Half Of U.S. Stocks Are Counterfeit! We are being told that this could lead to a cascading collapse of the shadow banking system in China which could potentially result in “sky-high interest rates” and “a precipitous plunge in credit“. In other words, it could be a “Lehman Brothers moment” for Asia. And since the global financial system is more interconnected today than ever before, that would be very bad news for the United States as well. Since Lehman Brothers collapsed in 2008, the level of private domestic credit in China has risen from $9 trillion to an astounding $23 trillion. That is an increase of $14 trillion in just a little bit more than 5 years. Much of that “hot money” has flowed into stocks, bonds and real estate in the United States. So what do you think is going to happen when that bubble collapses? The Big Dogs On Wall Street Are Starting To Get Very Nervous: Coming To America? China & Iran to Execute Bankers On Fraud Charges! The bubble of private debt that we have seen inflate in China since the Lehman crisis is unlike anything that the world has ever seen. Never before has so much private debt been accumulated in such a short period of time. All of this debt has helped fuel tremendous economic growth in China, but now a whole bunch of Chinese companies are realizing that they have gotten in way, way over their heads.

 Read more: http://americankabuki.blogspot.com/2014/01/chinas-23-trillion-rothschild-credit.html#ixzz2rG8ytgyd


A little bit more info on this China financial fiasco: 

China’s $23 Trillion Rothschild Credit ‘Debt’ Bubble Is Starting To Collapse ~ China Hanging Bankers: While U.S. Is $6 Trillion Less At $17 Trillion. Read more: http://americankabuki.blogspot.com/2014/01/chinas-23-trillion-rothschild-credit.html#ixzz2rG8fKvVH

American Kabuki is licensed under a Creative Commons Attribution 4.0 International License.
You may copy, quote, and redistribute this material so long as you do not alter it in any way, and you include this link: http://americankabuki.blogspot.com

Chinese Stocks Tumble On Contagion Concerns From First Shadow-Banking Default

Submitted by Tyler Durden on 01/16/2014 21:54 -0500

 

While manufacturing and services PMIs disappointed, the big problem in big China remains that of an out-of-control credit creation process that is blowing up. As we previously noted, instead of crushing credit creation, the PBOC's liquidity rationing has forced distressed companies into high-interest-cost products in the shadow-banking world. Investors on the other side of "troubled shadow banking products" had assumed that 'someone' would bail them out but this evening Reuters reports that ICBC has confirmed that it will not rescue holders of the "Credit Equals Gold #1 Collective Trust Product", due to mature Jan 31st with $492 million outstanding......

.......As Reuters reports,

Industrial and Commercial Bank of China, the world's largest bank by assets, said on Thursday that it has no plans to use its own money to repay investors in a troubled off-balance-sheet investment product that it helped to market.

ICBC's shares have fallen this week amid speculation that the bank would be forced to help repay investors in a 3 billion yuan ($496.20 million) high-yield investment product issued by China Credit Trust Co Ltd but marketed through ICBC branches. The product is due to mature on Jan. 31.

"Regarding this unsubstantiated rumour, a situation completely does not exist in which ICBC will assume the main responsibility (for the trust product)," an ICBC spokesman told Reuters by phone on Tuesday.

The trust product, called "2010 China Credit / Credit Equals Gold #1 Collective Trust Product", used the funds it raised from wealthy investors in 2010 to make a loan to unlisted coal company Shanxi Zhenfu Energy Group Ltd.

But in May 2012, Zhenfu Energy's vice chairman, Wang Ping Yan, was arrested for accepting deposits without a banking licence.

http://www.zerohedge.com/news/2014-01-16/chinese-stocks-tumble-contagion-concerns-first-shadow-banking-default



...... But it's not a Soap Opera!  No Really it isn't!


But wait!  There is MORE!!!

While most of the attention in the Chinese shadow banking system is focused on the Credit Equals Gold #1 Trust's default, as we first brought to investors' attention here, and the PBOC has thrown nearly CNY 400 billion at the market in the last few days, there appears to be a bigger problem brewing. As China's CNR reports, depositors in some of Yancheng City's largest farmers' co-operative mutual fund societies ("banks") have been unable to withdraw "hundreds of millions" in deposits in the last few weeks. "Everyone wants to borrow and no one wants to save," warned one 'salesperson', "and loan repayments are difficult to recover." There is "no money" and the doors are locked.
The locked doors of one farmers' co-op...



Via China CNR,......

.....Rough Google Translation:

Salesperson: ...the money has been slowly falling and in the end is difficult to ask for money, right? And now there is no money coming in, now people don't want to save money, and take all the money.

Reporter: But it's their money, they should be able to...

Salesperson: I know I should [given them money]; however, when the turn started, their is no money, we get cut off and lenders and borrowers took off...

One depositor blames the government (for false promises

http://www.zerohedge.com/news/2014-01-23/china-bank-run-beginning-farmers-co-op-unable-pay-depositors


Mac Slavo outlines what I've been saying for a while- never mind the cash, there ain't no gold either!

Fed’s Dirty Little Secret: “The Gold Isn’t There… Exists as Paper IOU’s”

Mac Slavo
January 21st, 2014
The assumption by global depositors who have entrusted their national savings with the Federal Reserve and US Government has always been that when they request to repatriate their holdings the Fed would simply open the vault, access said assets and ship them back to where they belong.
That’s exactly what Germany expected would happen last year when the country requested that the Federal Reserve return about one-fifth of their gold reserves. But that’s when things got really dicey. The Fed announced that Germany’s gold would be returned… but it would take seven years to get back home.
The response to Germany’s request turned heads all over the world and raised concerns that the Federal Reserve had squandered its gold holdings. But this isn’t the only red flag that was raised. Public pressure reached such levels that the Fed was forced to take steps to maintain confidence in its operations, so it started shipping gold to Germany. Except it turns out that the gold being sent back to the Bundesbank wasn’t actually German gold. It contained none of the original serial numbers, had no hallmarks, and was reportedly just recently melted.
The implications are earth shattering and hit the very core of the problems facing America today. The whole system as it exists is just one big paper IOU.....

Continue reading HERE

But then, isn't that what a fiat dollar is? Just an IOU?  hmmmmmmm

So when companies like HSBC make a boo boo like this:

SAN FRANCISCO (MarketWatch) -- Shares of HSBC Holdings PLC HSBC -1.52% fell on Thursday following a report that the banking giant may have overstated assets by as much as $92 billion.

... over stating that you have $92 Billion in fiat currency IOUs for gold that doesn't exist.....  isn't  that kinda like telling the other players that you have Park Place and Boardwalk with 4 hotels on each, when in fact all you have is Mediterranean Avenue and Baltic Avenue?  And then you realize, that it's just a giant game that they are playing anyway, and this one might not have any "Get out of jail free" cards.

July 31 Update: "Nothing is happening".... *snort* buhahhahahah!!! Oh, and more info about Iraq

As I mentioned yesterday in the Charts article, the most awesome research team in the world have dragged some brilliant pieces of information and links into the spot light.  I haven't been able to even remotely get the info/links put together in any semblance of organization, but a few of these pieces just absolutely needed to be put out here now.

Edited about 3 minutes after publishing to say:  I'm sorry or all the formatting mess- I have no idea what the hell is wrong with my blogger account, but it's seriously having mental issues for the past 3 days.  I'll try to get it sorted out.   
D


 First off, for all those that love to chant "Nothing is Happening" while sticking their fingers in their ears and singing "lalalalalallalalalala I can't hear you!!!"- for you guys, I love you, but I know that nothing that anyone shows you will make you see and hear the truth of what's happening around you.  But seriously?........ you fingers have GOT to be getting tired by now!!

Here is a little update on the 

http://briankellysblog.blogspot.com/2013/07/courtesy-notice-success-story-32194.html

Courtesy Notice Success Story -- $32,194 Loan Waived by Key Bank

http://briankellysblog.blogspot.com/2013/07/courtesy-notice-success-story-9969221.html

Updated w/Documets: Courtesy Notice Success Story -- $99,692.21 Forgiven by Chase Bank 

This is from one of the facebook groups and was sent to me on skype:

BIG NEWS!!!! From XXXXX CVAC 101
So, as a success story I would like to report that as of today after sending to the Vice President of the alleged Chase Bank ( who just happen to send me a letter in May with his name and signature on it to sell my home in foreclosure) was a Determination of Funding Letter, 1 Courtesy Notice and 2 invoices totaling 9,000 pieces of 99.9 silver, I received today a letter from the alleged Chase Bank that the lien on my mortgage has been released and discharges the original contract, whereas I am now responsible for the property tax and insurances, and can do what I dam well please with what I want to do with it.
This was a wonderful and fun exercise in which in my heart was the right thing to do to show others that what was being done to all of us was wrong. I needed to take a stand here in Detroit as I watched neighborhoods and communities being torn apart and become inhumane as people were being forced out of their homes, their furnishing thrown in the street and in dumpsters, causing some beautiful homes to be victims of vandalization, with property values dropping like flies, and mortgage payments going through the roof with LIBOR the ARM’s deal The home’s stood empty and all the love was torn from the structures.
What could I do?
With the tools that were given to us by the OPPT crew II used them all, Courtesy Notices, The Determination of Funding letter, the invoices, the court templates etc, I edited them and used them sending all the love and light I could to float above and through each word, with good intent to bring awareness to every person whose eyes read it, and whose heart it may touch.
I am now going to open a Dream Weavers Center to help and show as many people who have eyes to see and ears to hear where their value is, as we are the value and always have been, but it was never taught but was hidden so very well.
Many of the people of family and friends who thought I had lost my mind, want to now join in to see what is going on with formerly OPPT now I/UV to Opt out of the old slavery system and it is done. I say come one come all we are in for another ride but this time there will be more of us. We are Eternal Essence Embodied absent limits !!!!! (*)

Many more stories can be read at  http://i-uv.com/ and Brian is always updating his blog with new stories of success as well.

This was one of my fav bits on news this morning- I giggled for almost an hour.  Yep, tell me that "nothing is happening" when members of the Saudi Royal Family are stepping down and openly talking about the corruption and  the "suffering under the Al Saud regime"..... yea.... nothing to look at here.

Prince Khalid Bin Farhan Al-Saud has announced his defection from Al Saud royal family through a statement, calling on other princes to break their silence and reveal the truth for sake of God. - See more at: http://en.alalam.ir/news/1499049#sthash.ayedo7KW.fpyjnUdo.dpuf

 

In other interesting news, JP Morgan just can't seem to stay out of the hot seat for longer than 48 hours:

JPMorgan Looks to Pay to Settle U.S. Inquiries

JPMorgan Chase is pulling out its checkbook to help mend frayed relationships with the government.
But its new and conciliatory approach — a departure for the bank and its leader, Jamie Dimon, who generally has taken a hard line with the authorities — is yielding mixed results. Government officials, stung by the bank’s past displays of hubris, may drive up the price of settlements or resist the overtures altogether.
The hefty payouts started on Tuesday when JPMorgan struck a $410 million settlement with the nation’s top energy regulator, which had accused the bank of devising “manipulative schemes” to transform “money-losing power plants into powerful profit centers.” The agreement was a record fine for the Federal Energy Regulatory Commission, whose most recent settlement with a big bank totaled only $1.6 million.

JPMorgan is bracing for an even larger penalty stemming from shoddy mortgage securities it sold to the government.

http://dealbook.nytimes.com/2013/07/30/jpmorgan-to-pay-410-million-in-power-market-manipulation-case/?_r=1

But not to be outdone, The Bank of England is in hotter water when documents came showing that they were selling the Nazi's stolen gold for them!!! 

Documents reveal Bank of England sold stolen gold for Nazis

Archived material details how gold bars plundered from Czechoslovakia were sold on behalf of Germany's central bank in 1939

 http://www.independent.co.uk/news/uk/home-news/documents-reveal-bank-of-england-sold-stolen-gold-for-nazis-8738805.html

 

And then there is this mess from Barclays......   Lovin' that CNN is outing MI5... I mean, "Barclays", teeheehee!

Barclays reveals £12.8 billion balance sheet hole

 (Financial Times) -- Barclays has revealed a £12.8 billion ($19.6 billion) hole in its balance sheet as it announced a £5.8 billion rights issue, buttressed by a plan to shrink its balance sheet and issue £2 billion of contingent convertible debt.

 Seriously?!  Can anyone even remotely translate that sentence into something that is understandable (let alone LEGAL).  I loved this part though- are you ready for this?

"Alongside the capital measures, the bank announced £2 billion of fresh mis-selling provisions, £1.35 billion to cover PPI and £650 million to cover interest rate swaps.

Barclays also announced second-quarter profits of £3.6bn on an adjusted pre-tax basis, down 17 per cent. Statutory pre-tax profit doubled to £1.7 billion, the bank said."

http://edition.cnn.com/2013/07/30/business/barclays-balance-sheet-rights-issue/index.html?hpt=hp_t3 

Now, THIS one is funny as all hell!!!  Considering the fact that PayPal have yet to manage to return my multiple emails or reset my password for me, let alone fix the issue I have with even being able to access my account!!..... I have a hard time taking them seriously on this one!!!  (I'm sure the Galactics are roaring laughing as well!)

PayPal says outer space is its next frontier

 http://www.cbsnews.com/8301-205_162-57591387/paypal-says-outer-space-is-its-next-frontier/

 

This one is for all my fellow Canucks:

http://ca.news.yahoo.com/injured-soldier-lawsuit-dismissed-ottawa-tells-b-c-080010732.html

Vets angry as federal lawyers argue Ottawa has no social obligation to soldiers

"At least one veterans group promises to campaign against the Harper Conservatives because of a stand taken by federal lawyers, who argue the country holds no extraordinary social obligation to ex-soldiers."

.... As a former Canadian Armed Forces Medic and a Harper Hater..... that one nearly made my head blew off.

And for those looking for more information about Iraq and the massive sell off of all the country's assets, I've put together a couple of very telling articles.


http://therealnews.com/t2/index.php?option=com_content&task=view&id=31&Itemid=74&jumival=7418

"JUHASZ: Yeah, there's been a long, very public fight, first started by the Bush administration, on behest of the oil companies that basically operated both within and without of the administration to utilize the invasion of Iraq as a way to open up Iraq to Western oil companies, which haven't been able to operate in Iraq since the 1970s nationalizations. And there were two methods that were pursued to do that. One was to get the Iraqis to pass a new national law, the Iraq oil law, that would lock in guaranteed market access, under incredibly lucrative terms to foreign companies, to foreign companies--basically, transition Iraq from a nationalized oil system to an all but privatized system. The fight over that law has been very public, and there has been great opposition to it by Iraqi parliamentarians, oil workers unions, civil society groups, people all around the world. And that battle is ongoing. At this very moment, the Iraqi Parliament is still debating trying to get law through, and still has been unable to do so. While that public process has gone on, a much quieter process has proceeded, which is a contracting process, a series of rounds opening up, contract by contract, new oil fields in Iraq to foreign companies. And this process has taken place using contract terms that are essentially the same as what is in the law, but in--contract by contract."

Unfortunately the US "Advisors" (controllers) made sure that directly written into the Constitution was a grandfather clause to insure that NO contracts signed during the occupation of Iraq (ie: selling off all Iraq's assets, commodities and mineral rights) could be over turned by any future Iraqi government!!  Nice, eh?

Western oil firms remain as US exits Iraq

The end of the US military occupation does not mean Iraqis have full control of their oil.

http://www.aljazeera.com/indepth/features/2011/12/2011122813134071641.html

"Dr Abdulhay Yahya Zalloum, an international oil consultant and economist who has spent nearly 50 years in the oil business in the US, Europe, Asia and the Middle East, agrees that western oil companies have "obtained concessions in Iraq's major [oil] fields", despite "there being a lack of transparency and clarity of vision regarding the legal issues".
Dr Zalloum added that he believes western oil companies have successfully acquired the lions' share of Iraq's oil, "but they gave a little piece of the cake for China and some of the other countries and companies to keep them silent"."

...note that he doesn't mention any Iraqi companies nor the Iraqi government

 I HIGHLY recommend reading the below article in it's entirety if you really want to understand just how fucked Iraq is and what the US has done to insure that they have complete control of the entire country.

 

Looting By Another Name

The Corporate Takeover of Iraq’s Economy

http://www.counterpunch.org/2006/05/10/the-corporate-takeover-of-iraq-s-economy/

"To further embed a U.S. corporate economy in Iraq, the Iraq Constitution contained provisions that approve the Bremer Orders. The new Iraqi Constitution specifically repealed the Transitional Administrative Law, but did no such thing for Bremer’s Orders and therefore they continue to be the law of the land. Thus, U.S. corporations continue their hold on the reconstruction of Iraq, and U.S. contractors continue to have full immunity from prosecution in Iraq. Beyond that, several articles of the Constitution re-enforce the Bremer Orders, e.g. Article 25 requires "modern economic principles that insure the full investment of its resources, diversification of its sources and the encouragement and development of the private sector; Article 26 "guarantees the encouragement of investment in various sectors," Article 27 allows for the privatization of state property. Juhasz points out that modern economic principles means corporate globalization and the market principles of the Bremer Orders, and private investment means foreign investment.  ...

The method being used for U.S. control of Iraq’s oil is Production Sharing Agreements. PSA’s favor private companies at the expense of exporting governments as the entire exploration, drilling and infrastructure-building process are turned over to private companies in contracts that last twenty-five to forty years. These contracts lock in the laws at the time the contract is signed. Thus contracts signed now would have the Bremer Orders as their law no matter what a future Iraqi government did......

Interim Prime Minister Allawi submitted guidelines for Iraq’s new petroleum law in September 2004. The guidelines put "an end to the centrally planned and state-dominated Iraq economy" and urged the "Iraqi government to disengage from running the oil sector." Further, he recommended privatization stating the industry "should be exclusively based in the private sector, that domestic wholesale and retail marketing of petroleum products should be gradually transferred to the private sector, and that major refinery expansions or grassroots refineries should be built by the local and foreign private sectors." Finally, Allawi called for all undeveloped oil and gas fields to be turned over to private international oil companies. This, at a time when only seventeen of Iraq’s eighty known oil fields have been developed. Article 109 of the Iraq Constitution re-enforces this goal stating that the federal government only administers existing oil and gas fields. The plans for a new Iraq petroleum law were made public at a press conference in Washington, DC by Adel Abdul Mahdi, formerly the Finance Minister, and now a Deputy President of Iraq.