The Big Banks: Fraud, LIBOR, FOREX, Money Laundering, Ponzi schemes.....

http://transpicuousnews.blogspot.com/2014/11/the-big-banks-fraud-libor-forex-money.html


The Big Banks: Fraud, LIBOR, FOREX, Money Laundering, Ponzi schemes.....

Just to give you a hint at why Transpicuous News episode 3 is delayed.... I mean, beyond the fact that I'm having technical issues with the  screen shots and the green screen, lol.  THIS is what I've been digging into for the past week.....  and this is just 2013.... SOME of 2013.

So far for 2014, including lawsuits, penalties, fines and settlements, for Libor, Forex rigging, gross negligence, fraudulent business practices (to name just a few)..... I've already reached a total of approx $115 BILLION DOLLARS US for just the "Big Banks"- meaning: BoA, JP Morgan Chase, Citi, Wells Fargo, Barclays, RBS, UBS, Credit Suisse, Deutchebank,  et al.


http://www.propublica.org/special/your-guide-to-the-latest-efforts-to-hold-big-banks-accountable

Your Guide to the Latest Efforts to Hold Big Banks Accountable

by Christie Thompson and Theodoric Meyer
ProPublica, Oct. 31, 2013, 9 a.m.


It’s been an expensive few months for JPMorgan Chase. The bank is in talks—which could still fall through—to pay a record $13 billion to the Department of Justice and other agencies over several probes into alleged mortgage misconduct during the run-up to the financial crisis.

Amid talks of the mortgage settlement, the bank agreed to pay out another $920 million, this time to settle allegations in the “London Whale” trading scandal. Overall, the bank has spent or set aside $28 billion for legal costs since 2010. The company reported its first loss under Chief Executive Jamie Dimon in early October.

Meanwhile, Bank of America, Citigroup and others have also recently agreed to large settlements related to allegations ranging from staying hush about an ongoing Ponzi scheme to levying extra fees from customers. While many are paying up, few are actually admitting guilt. Many banks are able to settle lawsuits for large sums of cash without ever “admitting or denying” wrongdoing. This has long been a major point of contention in the effort to regulate big banks.

And the cases keep coming: Many banks are being investigated by multiple state and federal agencies, meaning they can be sued or investigated multiple times over what might seem like the same allegation.

If you’re having a hard time keeping track, here’s a rundown on the latest lawsuits, settlements and ongoing investigations involving big banks:

Mortgages

JPMorgan in talks to pay $13 billion to end multiple mortgage probes

THE BANK

JPMorgan Chase
THE DETAILS

The Justice Department, New York Attorney General Eric T. Schneiderman, the Federal Housing Finance Agency and federal prosecutors in Pennsylvania and California were investigating whether the bank misled investors about the risk of mortgages underlying securities sold between 2005 and 2007, in the run-up to the 2008 financial crisis. Many of the questionable sales were made by Bear Stearns and Washington Mutual, companies that JPMorgan acquired when they failed in 2008.
THE POTENTIAL SETTLEMENT

The bank has discussed paying $13 billion to settle claims by several U.S. agencies and prosecutors’ offices, though the tentative deal could still fall through. Of the $13 billion, $4 billion would go to homeowners facing foreclosure.

As part of the $13 billion payout, JPMorgan agreed this week to pay $4 billion in a separate settlement with the Federal Housing Finance Agency. The FHFA sued the bank for allegedly selling Fannie Mae and Freddie Mac faulty mortgage-backed securities. Fannie and Freddie are government-supported companies that buy mortgages from lenders and bundle and sell them to investors, freeing up more capital for banks to lend out.

There is some debate over whether JPMorgan or The Federal Deposit Insurance Corporation should pay for the losses from Washington Mutual's mortgage securities. The FDIC took over Washington Mutual when it failed, and then sold it to JPMorgan. This remains a sticking point in the settlement talks.
ONGOING INVESTIGATIONS

U.S. Attorney General Eric Holder would not agree to end all inquiries into JPMorgan’s mortgage practices as part of the settlement. Federal prosecutors in California will continue a criminal investigation into loans and mortgage-backed securities the bank sold between 2005 and 2007. This has been another point of contention, as JPMorgan is reportedly still seeking protection from future criminal investigations.
ADMIT WRONGDOING?

The bank did not admit wrongdoing in its settlement with the FHFA. The settlement is “an important step towards a broader resolution of the firm’s [mortgage-backed securities]-related matters with governmental entities,” the bank said in a statement.

JPMorgan has not yet said whether it will admit wrongdoing in its settlement with the Justice Department and other prosecutors.  

FHFA sues multiple banks over faulty mortgage-backed securities

THE BANKS

JPMorgan Chase, Bank of America, UBS, Citigroup, General Electric and 13 others
THE DETAILS

The Federal Housing Finance Agency, the conservator of government-backed finance companies Fannie Mae and Freddie Mac, is suing several banks for allegedly selling faulty mortgage bonds to Fannie and Freddie between 2004 and 2007. Fannie and Freddie have also brought suits against many of the same banks over the sale of mortgage loans.
THE SETTLEMENTS

JPMorgan has settled its suit with the FHFA for $4 billion, as part of a larger, tentative $13 billion payout over mortgage issues (see above). The FHFA is reportedly seeking at least $6 billion from Bank of America, which created the largest share of the mortgage-backed securities in question.

Three additional banks have already settled with the FHFA, which filed the original suits in 2011. UBS settled for $885 million in July. Citigroup and General Electric settled earlier this year, though neither disclosed details of their agreements with the agency.
ADMIT WRONGDOING?

JPMorgan and UBS did not admit to wrongdoing in their settlements. Details of the GE and Citigroup agreements were not disclosed. Bank of America has not yet said whether they would admit wrongdoing in the case.

Banks buy back faulty loans from Fannie Mae and Freddie Mac

THE BANKS

Citigroup, Wells Fargo, SunTrust, JPMorgan
THE DETAILS

The banks have agreed to repurchase mortgages they sold to Freddie Mac or Fannie Mae as far back as 2000 that went bad during the housing market crash. The lawsuits allege that the banks did a poor job “underwriting” these loans, which means assessing how likely borrowers are to default.

These settlements are separate from cases filed over mortgage-backed securities by the Federal Housing Finance Agency in 2011.
THE SETTLEMENTS

JPMorgan has agreed to pay Fannie Mae $670 million for the loans, and will pay $480 million to Freddie Mac. Citigroup repurchased $968 million of faulty loans from Fannie Mae and $395 million from Freddie Mac. Wells Fargo paid Freddie Mac $780 million, and SunTrust bank settled with Freddie Mac for $65 million.
ADMIT WRONGDOING?

None of the banks have admitted wrongdoing as part of their settlements.

Bank of America Found Liable for Countrywide Hustled Mortgages

THE BANK

Bank of America
THE DETAILS

Bucking the trend of banks settling out of court, Bank of America went to trial to fight Justice Department allegations that it had lied to Fannie Mae and Freddie Mac about tightening its underwriting standards for mortgages sold by Countrywide Financial, which Bank of America purchased as it neared failure in 2008. In reality, new incentives and looser quality controls had led to "rampant instances of fraud and other serious loan defects," alleged prosecutor Preet Bharara. Last week, a federal jury found the bank and former mid-level Countrywide executive Rebecca Mairone liable for fraud.

The case began when a former official blew the whistle on an internal program nicknamed “the Hustle,” which he says incentivized brokers to ignore quality controls and sell high-risk loans.
THE SETTLEMENT

The size of the penalty will be decided in early December.
ADMIT WRONGDOING?

No. Bank of America spokesman Lawrence Grayson told Reuters “the jury's decision concerned a single Countrywide program that lasted several months and ended before Bank of America's acquisition of the company. We will evaluate our options for appeal."

A lawyer for Mairone also told Reuters she intended to appeal the decision.

SEC files charges in Magnetar deal

THE BANK

Bank of America’s wealth-management division, Merrill Lynch
THE DETAILS

The SEC has accused advisory firm Harding Advisory and its owner, Wing Chau, of misleading investors in a bundle of mortgage securities known as a collateralized debt obligation (CDO). The case says Harding and the CDO’s creator, Merrill Lynch, agreed to let hedge fund Magnetar help decide which assets went into the $1.5 billion deal. Magnetar had bet against those CDOs, and stood to profit handsomely if they failed. The bank itself has not been charged in the suit.

Harding’s lawyer Steven Molo did not return a call from ProPublica reporters this month seeking comment. Through a spokesman, Magnetar declined to comment.

See the rest of our coverage of Magnetar, and how deals like the one in the SEC’s suit worsened the impact of the housing market’s collapse.

New York suing Wells Fargo for allegedly violating the terms of mortgage settlement

THE BANK

Wells Fargo
THE DETAILS

Wells Fargo was one of five banks that agreed to 304 new requirements for how they deal with mortgages as part of a $25 billion settlement over misconduct that led to the foreclosure crisis. Now, the New York Attorney General Eric T. Schneiderman is suing the bank for allegedly delaying homeowners' attempts to modify their loans and avoid foreclosure. Wells Fargo denies it has violated the agreement.

Schneiderman dropped a similar case against Bank of America when the bank agreed to adopt additional protections for struggling homeowners. In Florida, the complaints of hundreds of homeowners prompted Bank of America and Wells Fargo to commit to improving foreclosure protections.

Nonprofit claims Bank of America ignored minority neighborhoods

THE BANK

Bank of America
THE DETAILS

The nonprofit National Fair Housing Alliance filed an expanded complaint in September alleging that Bank of America has neglected bank-owned homes in neighborhoods of color in 18 cities, while working harder to sell those in white neighborhoods.

Bank of America denies the allegations. A Bank of America spokesman told the Wall Street Journal that the claims "revealed numerous, material flaws in their methodology and how they represented that information publicly."

Wells Fargo settled a similar case with the U.S. Department of Housing and Urban Development and the National Fair Housing Alliance for $42 million in June. They, too, denied the allegations.

Capital One settles claims its Chevy Chase bank raised rates for black and Hispanic homeowners

THE BANK

Capital One
THE DETAILS

The Department of Justice alleges Chevy Chase Bank, which Capital One bought in 2009, charged black and Hispanic customers hundreds of dollars more in fees and interest on their mortgages. Investigators found that one branch would charge an African American borrowing $250,000 roughly $950 more than they would a white borrower.
THE SETTLEMENT

The bank agreed to pay $2.85 million in damages.
ADMIT WRONGDOING?

No.

Nine banks hit with lawsuits over faulty mortgage-backed securities

THE BANKS

Morgan Stanley, Barclays, JPMorgan Chase/Bear Stearns, Credit Suisse, Royal Bank of Scotland, UBS, Goldman Sachs, Wachovia, Ally Securities
THE DETAILS

The National Credit Union Administration is suing nine banks for allegedly selling faulty mortgage-backed securities to two corporate credit unions. One complaint says Morgan Stanley, Barclays, JPMorgan, Credit Suisse, Royal Bank of Scotland and UBS lied about the true risk of the securities, which helped lead to the collapse of the Southwest and Members United credit unions. In a separate lawsuit also filed in September, the National Credit Union Administration has accused Goldman Sachs, Wachovia and Ally Securities of misrepresenting risky securities to Southwest Credit Union.

According to the NCUA, “Southwest and Members United corporate credit unions paid more than $416 million for the securities in question in the Morgan Stanley suit and more than $1.9 billion for securities sold by the other defendants.”

Justice Department and SEC say Bank of America lied to investors

THE BANK

Bank of America
THE DETAILS

The SEC and the Department of Justice claim Bank of America misrepresented high-risk loans as prime mortgages when they were bundled into $850 million worth of mortgage-backed securities and sold to investors. Unlike the high-interest loans made to low-income borrowers that are at the center of several suits, these were “jumbo” mortgages for more expensive homes. The lawsuit says many of the mortgages didn’t comply with the bank’s own standards.

The SEC says losses to investors who bought the mortgage-backed securities could be as much as $120 million. Bank of America claims it was the housing crash and not any wrongdoing on its part that led to the loss. "These were prime mortgages sold to sophisticated investors who had ample access to the underlying data and we will demonstrate that," a bank spokesman said.

UBS settles charges its CDO deal violated securities law

THE BANK

UBS
THE DETAILS

The SEC claimed UBS kept $23.6 million in upfront cash that should have gone into a mortgage-backed security the bank created in 2007. “In doing so, UBS misrepresented the nature of the CDO’s collateral,” George S. Canellos, co-director of the SEC’s enforcement division, said in announcing the settlement.
THE SETTLEMENT

The bank agreed to pay $49.8 million in August.
ADMIT WRONGDOING?

The bank did not admit or deny wrongdoing in the settlement.

Power Markets

THE BANKS

JPMorgan Chase, Barclays
THE DETAILS

The federal government accused JPMorgan of engaging in “manipulative schemes” designed to turn money-losing power plants in California and Michigan into profit generators for the bank. JPMorgan gained the right to sell the power plants’ electricity from Bear Stearns after it took over the failed investment bank in 2008.

The Federal Energy Regulatory Commission also fined Barclays and four of its traders for manipulating energy prices in California and other western states.
THE SETTLEMENT

Barclays agreed in July to pay $453 million to the Federal Energy Regulation Commission, the largest settlement in the agency’s history. The agency has since filed a court order to enforce the settlement, claiming that Barclays has failed to pay up.

JPMorgan settled for $410 million, the regulator’s second-largest settlement.
ADMIT WRONGDOING?

No. The FERC said JPMorgan agreed with them on the facts but “did not admit or deny the violations.”

Barclays and the four traders named in the suit have denied any wrongdoing.

London Whale

THE BANK

JPMorgan Chase
THE DETAILS

JPMorgan officials failed to regulate traders who were making massive bets on corporate bonds —so massive they distorted the whole derivatives market. Top management allegedly gave misinformation to regulators and failed to inform their board about the traders lying about the true losses of those massive bets. The trades ultimately cost the bank $6 billion.
THE SETTLEMENT

The bank shelled out $920 million dollars: $300 million to the Office of the Comptroller of the Currency, $200 million to the Securities and Exchange Commission, $200 million to the Federal Reserve, and $220 million to the U.K. Financial Conduct Authority.

The bank also agreed to pay another $100 million to the U.S. Commodity Futures Trading Commission, to settle their investigation into the trades.
ADMIT WRONGDOING?

Yes. The bank admitted to violating federal security law, and Chief Executive Jamie Dimon said in a press release that the company “accepted responsibility and acknowledged our mistakes.”

Bruno Iksil, the trader nicknamed the “London Whale,” left the bank last year. The former head of the bank’s investment unit, Ina Drew, also resigned and had to return two years’ worth of pay to JPMorgan.
ONGOING INVESTIGATIONS

The U.S. attorney’s office in Manhattan has indicted two former traders for allegedly trying to cover up the losses.

Customer Charges

U.S. Bank settles suit over wrongfully increasing customers’ overdraft fees

THE BANK

U.S. Bank
THE DETAILS

For several years, U.S. Bank withdrew charges from customer’s accounts from the largest to smallest, instead of based on when the transaction occurred. That meant many customers’ accounts ended up overdrawn, resulting in extra overdraft fees. Customers filed a class-action suit, one of several targeting that method of withdrawing from customer accounts..
THE SETTLEMENT

The bank settled for $55 million, which will go to refund 2.7 million customers.
ADMIT WRONGDOING?

No. U.S. Bank says there’s nothing wrong with the way it ordered withdrawal from customers’ accounts, though it has stopped the practice.

West Virginia sues four banks for misleading customers on credit card protection programs

THE BANKS

JPMorgan Chase, Bank of America, Citigroup and GE Money Bank
THE DETAILS

The state’s attorney general says thousands of customers were deceived into paying for extra protection programs, often without knowing they were even enrolled. The lawsuit claimed the banks violated the state’s consumer protection laws.
THE SETTLEMENT

Each bank agreed to pay $1.95 million.
ADMIT WRONGDOING?

All four of the banks denied the allegations.

Chase customers allegedly charged for protections they never received

THE BANK

JPMorgan Chase
THE DETAILS

Millions of Chase customers paid between $8 and $12 each month for extra credit card protections — services many never actually received, according to a lawsuit filed by the Office of the Comptroller of the Currency and the Consumer Financial Protection Bureau. The agencies claimed the bank was selling customers extra protections against identity theft and fraud before it received the authorization to provide them.
THE SETTLEMENT

In September, JPMorgan settled for $389 million: $80 million to pay off penalties and $309 million to pay back the 2.1 million customers affected.
ADMIT WRONGDOING?

The bank did not admit or deny wrongdoing in the settlement. “We stopped new enrollments in these products in mid-2012 and will fully exit them by the end of this year,” Bill Wallace, the head of operations for consumer and community banking, said in a statement. “We have already credited or refunded the customers affected. Any mistakes like these are regrettable.”

Libor Fixing

THE BANKS

JPMorgan Chase, Barclays, Credit Suisse and 10 others
THE DETAILS

The National Credit Union Administration sued 13 banks in September in the latest case to come out of the Libor scandal. Libor — the London interbank offered rate — is an interest rate set each day in London that determines how much banks must pay to borrow from each other. The rate is also the basis for trillions of dollars in loans. More than a dozen banks have been accused of scheming to manipulate Libor.

Five banks — Barclays, Royal Bank of Scotland, ICAP, UBS and Rabobank — have agreed to pay a total of about $3.7 billion in settlements with U.S. and British regulators. Subsidiaries of Royal Bank of Scotland and UBS also pleaded guilty to criminal wrongdoing in the settlements. Rabobank, which is based in the Netherlands, paid an additional $96 million to the Dutch Public Prosecution Service. (See ProPublica’s and Marketplace’s excellent explainers for more detail.)

The lawsuit is separate from those settlements, though. It alleges that the banks’ Libor manipulations “resulted in a loss of income from investments and other assets held by five failed corporate credit unions” in the U.S.
ADMIT WRONGDOING?

The credit union case is ongoing. Barclays, Royal Bank of Scotland and UBS have admitted wrongdoing in the wider Libor scandal, although Royal Bank of Scotland didn’t go as far as the other two banks.

Bob Diamond, Barclays’ chief executive, resigned last year, along with the bank’s chairman and chief operating officer. ICAP did not admit or deny wrongdoingin its U.S. settlement last month. It was unclear whether or not Rabobank’s settlement, announced this week, would include an admission of wrongdoing.

Ponzi Schemes

JPMorgan Under Investigation for Turning a Blind Eye to Madoff

THE BANK

JPMorgan Chase
THE DETAILS

The bank is in talks with federal prosecutors to resolve allegations that it turned a blind eye to the possibility that Bernard Madoff, a client, was running a Ponzi scheme. Madoff’s scheme lost his investors an estimated $17 billion. JPMorgan and prosecutors have had preliminary talks about reaching a deferred prosecution agreement, in which the bank would pay a fine and agree to certain other concessions. The bank would be prosecuted if it slipped up again. The Justice Department still hasn’t ruled out criminal charges, though.

$52.5 million TD Bank settlement for failing to report a Ponzi scheme

THE BANK

TD Bank
THE DETAILS

TD Bank settled civil charges with regulators in September for its alleged role in a Ponzi scheme run by Scott Rothstein, a Florida lawyer who pleaded guilty in 2010 and is currently serving a 50-year prison sentence. Regulators accused the bank of creating misleading documents and lying to investors about Rothstein’s accounts.
THE SETTLEMENT

The bank settled the civil charges with the Financial Crimes Enforcement Network and the OCC for $37.5 million and with the SEC for $15 million. Total payout: $52.5 million. The SEC also brought charges against Frank Spinosa, a former regional vice president at the bank whom the SEC alleges “told outright lies to investors.” That case is ongoing. The bank is also appealing a 2012 federal jury verdict that ordered it to pay $67 million for its role in the Ponzi scheme.
ADMIT WRONGDOING?

Rothstein pleaded guilty to cheating investors out of $1.2 billion. The bank denies any wrongdoing.
Money Laundering

HSBC pays the largest-ever U.S. penalty against a bank.

THE BANK

HSBC
THE DETAILS

A federal judge approved a settlement in July between HSBC and federal and state authorities over charges that the bank had become the “preferred financial institution” for Mexican and Colombian drug cartels engaged in money laundering.
THE SETTLEMENT

HSBC shelled out $1.9 billion, the largest-ever U.S. penalty against a bank.
ADMIT WRONGDOING?

Yes. The bank apologized last year and said it had overhauled its anti-money-laundering efforts. But it made similar promises a decade ago when it was cited for poor oversight of suspicious transactions. David Bagley, HSBC’s head of compliance, resigned last summer.

Posted by D ... Breaking The Silence at 20:43

This week in epic Transparency roll out!

Everything is moving so fast forward right now, that it's leaving a sonic boom in it's wake!!  I honestly can barely keep up with the information that is rolling "off the presses" right now- thank goodness for the best Research team on the planet, and my husband who's constantly scrolling through various sites- they all keep me well informed!!

The amount of TRANSPARENCY  that has been throwing itself into the public's eye has been truly astounding.  I'm going to outline a few articles that really jumped out at me.  As usual, my highlights and comments in blue.

http://www.washingtontimes.com/news/2013/nov/26/obamas-call-close-holy-see-embassy-slap-face-catho/

Obama’s call to close Vatican embassy is ‘slap in the face’ to Roman Catholics

"...And while U.S. officials are touting the relocation as a security measure that’s a cautionary reaction to last year’s attacks on America's facility in Benghazi, several former American envoys are raising the red flag.

It’s a “massive downgrade of U.S.-Vatican ties,” said former U.S. Ambassador James Nicholson in the National Catholic Reporter. “It’s turning this embassy into a stepchild of the embassy to Italy. The Holy See is a pivot point for international affairs and a major listening post for the United States, and … [it’s] an insult to American Catholics and to the Vatican.”..."

*Hows that for a nice slice of transparency?*

http://www.wired.com/wiredenterprise/2013/11/bitcoin-and-deflation/

page 2:

"Separately, the system may run into a problem when it stops producing new bitcoins — way off in the year 2140. But this is only really a problem if Bitcoin begins to replace federal monies — if it becomes what’s called “the unit of account” in countries like Japan and the U.S. This means that goods and services would actually be priced in bitcoins.
As it stands, our goods and services are still priced in currencies like yen and dollars. At merchants that accept bitcoins, like the Subway sandwich shop in Allentown, Pennsylvania, prices are merely converted from federal currencies into the digital money. But if bitcoin becomes the unit of account and then a depression hits, it could be difficult to turn the economy around."

 * read the entire article and then think about who now controls Bitcoin.... OH Wait, this sorta outlines that nicely: *


http://www.theverge.com/2013/11/18/5119062/senate-committee-hearing-on-bitcoin

Bitcoin hits $700 during surprisingly friendly Senate hearing on the virtual currency

"...While the hearing was frontloaded with discussion of the potential for virtual currencies to be used for crime, there was no sense of alarm about the strange new world of Bitcoin. The government's representatives seemed confident that they have the tools to monitor and contain crime even when facilitated by Bitcoin or another virtual currency, citing the busts of eGold, Liberty Reserve, and the Silk Road.

Besides, as Raman said, "Cash is still probably the best medium for laundering money."

Today's hearing was inconclusive but it seems to indicate that regulatory agencies and legislators are more interested in controlling Bitcoin than regulating it. "

*Another side note on this- specifically to all those people in the various Skype Banking rooms who might remember a few certain people who were trying to push the "virtual currencies" and trying to talk to Caleb about Bitcoin and other currencies of this type:  Do you SEE what they were trying to do?  If they could of convinced Caleb to either create his own virtual currency on ProjectXIII or to take on Bitcoin, they  were directly trying to tie him and PXIII into the legal pockets of the UST and Federal Reserve.  It was a very very transparent move to those of us who knew what was going on with Bitcoin:

21/09/2012  16:05  D. Breakingthesilence: "Two Key pieces to solve the Big puzzle of creating new methods of Value Exchange
+ Bitcoins + Local action"

ahhhhhhhh- this is even funnier- I know where he's going with this even before reading it!

http://rt.com/business/us-banks-charge-customers-255/

US bank customers to pay for deposits if ‘easy money’ fades away

"Americans may have to start paying to keep money in the bank. Retail banks have warned they might need to start charging customers and companies for deposits if the US Federal Reserve cuts interest it pays on bank reserves....

....Big US banks like Bank of America, JPMorgan Chase, and Wells Fargo may try to make up the lost revenue by passing along the burden to their depositors. Low interest rates, and the threat of negative rates, would give banks little incentive to hold onto money without an “extra”  benefit, like charging a premium.

....America’s big banks keep trillions of dollars in the Federal Reserve as a risk-free overnight money-earner,  * bullshit- the money is put into over night offmarket trading which is how the banks really earn their money * but cutting interest on reserves would end this practice.

The premiums would go towards a US government insurance program.
*also bullshit!  what did judge dale just say in the article I posted last night about the FDIC? *

 “Right now you can at least break even from a revenue perspective,” a bank executive told the FT, warning more cuts by the Fed “would turn it into negative revenue – banks would be disincentivised to take deposits and potentially charge for them.” "

And then there is the Pope's new Apostolic exhortation.  Let us remember WHO it is that has been pushing for a "New World Order" HERE   HERE  HERE  ... oh and HERE HERE  and HERE  




http://rt.com/news/pope-francis-capitalism-tyranny-324/

'Not to share wealth with poor is to steal': Pope slams capitalism as 'new tyranny'

 ""How can it be that it is not a news item when an elderly homeless person dies of exposure, but it is news when the stock market loses two points?" Pope Francis asked an audience at the Vatican.

The global economic crisis, which has gripped much of Europe and America, has the Pope asking how countries can function, or realize their full economic potential, if they are weighed down by the debts of capitalism.

“A new tyranny is thus born, invisible and often virtual, which unilaterally and relentlessly imposes its own laws and rules,” the 84-page document, known as an apostolic exhortation, said.

*"Often Virtual"?  interesting expression, isn't it? *

"To all this we can add widespread corruption and self-serving tax evasion, which has taken on worldwide dimensions. The thirst for power and possessions knows no limits", the pope’s document says.

He goes on to explain that in this system, which tends to devour everything which stands in the way of increased profits, whatever is fragile, like the environment, is defenseless before the interests of a deified market, which has become the only rule we live by.
Shameful wealth

Inequality between the rich and the poor has reached a new threshold, and in his apostolic exhortation to mark the end of the “Year of Faith”, Pope Francis asks for better politicians to heal the scars capitalism made on society. ..."

The comments made below the article are quite interesting to read, in and of themselves!

Then you have CNNs twist on the Apostolic Exhortation:


http://edition.cnn.com/2013/11/26/world/pope-church-reforms/

Pope Francis calls for big changes in Roman Catholic Church

(CNN) -- Pope Francis on Tuesday called for major changes in the Roman Catholic Church -- from the top down -- saying he knows it will be a messy business but he expects his flock to dive in feet-first....

...The Pope's address, called an "apostolic exhortation," is basically a pep talk from the throne of St. Peter. ..."

The difference between RT.com's report, which completely lays the blame on the governments, banks and "capitalism",  and CNN's report  which completely lays the blame on the people themselves and primarily focuses on the Church and it's stance on abortion and women in the priesthood, is rather quite telling in my opinion.

More and more and more...... a little extra reading of interest if you have the time and it resonates with you to take a look.  From our Research Team:

Nice deal and why not when the regulator is themselves!
http://www.marketwatch.com/story/jp-morgan-part-of-deal-will-be-tax-deductible-2013-11-19


More to come for the banks
http://blogs.marketwatch.com/thetell/2013/11/19/there-may-be-more-shoes-to-drop-after-j-p-morgan-settlement/


http://blogs.marketwatch.com/capitolreport/2013/11/19/cleaning-up-the-mess-what-the-regulators-are-saying-about-the-j-p-morgan-settlement/



A hidden stash of gold bars worth $1.2 million was found in a commercial jet's bathroom In India..... gold or tungsten?
http://worldnews.nbcnews.com/_news/2013/11/20/21545372-12-million-in-gold-bars-found-stashed-in-boeing-737s-bathroom



Among the victims on the Tatarstan Airlines Boeing-737 were Irek Minnikhanov, son of Tatarstan President Rustam Minnikhanov, and the head of the regional branch of the Federal Security http://rt.com/news/kazan-boeing-crash-conversation-017/


Bigger than Libor? Forex probe hangs over banks
http://money.cnn.com/2013/11/20/investing/forex-probe-lawyers/index.html?hpt=hp_bn1


COMEX Halts Gold Trading Twice In One Day After $200 Million Sell Trades
http://www.zerohedge.com/contributed/2013-11-21/comex-halts-gold-trading-twice-one-day-after-200-million-sell-trades


 Zimbabwe gives foreign shops 30-day ultimatum
Official overseeing 'economic empowerment' tells parliamentary committee foreigners in informal sector must quit. *ps: Zimbabwe is one of the currencies that is set to skyrocket ... just sayin' *
http://www.aljazeera.com/news/africa/2013/11/20131122205937210267.html


Angie must be a popular girl  (chuckle)
http://www.marketwatch.com/story/merkels-phone-tapped-by-at-least-5-countries-2013-11-24


Ukraine said to hell with EU!
http://www.bbc.co.uk/news/world-europe-25078952


We're going up the ladder… now get the CEO and the owners
http://www.bloomberg.com/news/2013-11-22/wells-fargo-s-lofrano-should-be-added-to-fraud-suit-u-s-says.html


And if you're really looking for some good ol fashion entertainment, send a facebook friend request to Karen Hudes and read the stuff posted on her wall. According to a recorded interview she did with Mel Ve,   Heather is shill and  a Jesuit --because she used the same "graphic design company as the Jesuits"  (actually heather designed the OPPT logo on a beaten up laptop with an ancient copy of some graphics program and Paint!!),  but Karen is apparently very interested in looking into Swissindo's information..... apparently no one told her that all of Swissindo's so called actions are built on the UCC filings of OPPT!!  too much fun coming out of that corner!!!!  I could spend hours copying and pasting all the conversations, emails between karen and various people that have been sent to me, and the posts that she's put and/or deleted from her facebook wall..... but I really can't be chuffed.  She's making herself very very transparent right now.


And this video is well worth the 8 minutes to watch it as a Montana Mountain man leaves the local judge speechless when he stands up in court and tells it like it is:
http://www.realfarmacy.com/montana-mountain-man-arrested-for-trying-to-feed-himself-leaves-judge-speechless/

Rolling Stone Magazine: The Conspiracy Theorists were right!

Not news to us of course, but for Main Stream Media, it's a pretty big step in the right direction.  and their Timing is...... interesting ;>)

Everything Is Rigged: The Biggest Price-Fixing Scandal Ever

The Illuminati were amateurs. The second huge financial scandal of the year reveals the real international conspiracy: There's no price the big banks can't fix

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Illustration by Victor Juhasz

By MATT TAIBBI

April 25, 2013 1:00 PM ET

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game.  (*best part of the article hahahahahah)We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world's largest banks may be fixing the prices of, well, just about everything.

You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that's trillion, with a "t") worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it "dwarfs by orders of magnitude any financial scam in the history of markets."

That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world's largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world's largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.

Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It's about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates. In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions). Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.

The Scam Wall Street Learned From the Mafia

Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.

"It's a double conspiracy," says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. "It's the height of criminality."

The bad news didn't stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. "Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry," CFTC Commissioner Bart Chilton said.

But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants' incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.

"A farce," was one antitrust lawyer's response to the eyebrow-raising dismissal.

"Incredible," says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.

All of these stories collectively pointed to the same thing: These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation's GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing. Moreover, it's increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.

If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it's no secret. You can stare right at it, anytime you want.

Continue reading at the original article: http://www.rollingstone.com/politics/news/everything-is-rigged-the-biggest-financial-scandal-yet-20130425#ixzz2RnuG5WIX 

The James Holmes Conspiracy- full movie

The speed with which this story has come together and how fast the news spread across the world via the internet is mind blowing.  The truth of James Holmes and the "Colorado theatre massacre" has become truly "Viral", with articles being translated into various languages all over the world.

Can you imagine how different our lives might have been if there had been internet when JFK and Martin Luther King jr, were assassinated?

This was sent to me today, and I'll admit that I haven't had a chance to watch the full movie yet (working on that right now), but the fact that Mark Howitt has pulled together enough info to create this hour and a half documentary is amazing.

11150 hits in 4 days..... time to make this video viral as well.

For those who do not believe the story we are being told by the government and media. The James Holmes Conspiracy. Several witness testimonies, news reports, theories and ideas behind the motives of the crime. Topics discussed include the second suspect, weapons, police audio analysis, James Holmes education and bio, LIBOR scandal, MK Ultra, Project Gunrunner, and several other important elements. Several new pieces of evidence and testimonies all in one video.
Documentary made by Mark Howitt www.youtube.com/lorddefilerVideo published on August 14th 2012

Reuters: LIBOR Arrests Imminent

I soooooo love it when the main stream media reports this stuff!   Mass arrests.  I really like the sound of that! 


This LIBOR scandal is getting better and better- any excuse to arrest bankers (and politicians?) is good to me.

Exclusive: Prosecutors, regulators close to making Libor arrestscentral bank clashes with bank panel over Libor

By Matthew Goldstein and Jennifer Ablan and Philipp HalstrickThe letter ''B'' of the signage on the Barclays headquarters in Canary Wharf is hoisted up the side of the building in London July 20, 2012.

Credit: Reuters/Simon Newman

Sun Jul 22, 2012 12:18pm EDT

(Reuters) - U.S. prosecutors and European regulators are close to arresting individual traders and charging them with colluding to manipulate global benchmark interest rates, according to people familiar with a sweeping investigation into the rate-rigging scandal.

Federal prosecutors in Washington, D.C., have recently contacted lawyers representing some of the individuals under suspicion to notify them that criminal charges and arrests could be imminent, said two of those sources who asked not to be identified because the investigation is ongoing.

Defense lawyers, some of whom represent individuals under suspicion, said prosecutors have indicated they plan to begin making arrests and filing criminal charges in the next few weeks. In long-running financial investigations it is not uncommon for prosecutors to contact defense lawyers for individuals before filing charges to offer them a chance to cooperate or take a plea, these lawyer said.

The prospect of charges and arrests of individuals means that prosecutors are getting a fuller picture of how traders at major banks allegedly sought to influence the London Interbank Offered Rate, or Libor, and other global rates that underpin hundreds of trillions of dollars in assets. The criminal charges would come alongside efforts by regulators to punish major banks with fines, and could show that the alleged activity was not rampant in the banks.

"The individual criminal charges have no impact on the regulatory moves against the banks," said a European source familiar with the matter. "But banks are hoping that at least regulators will see that the scandal was mainly due to individual misbehavior of a gang of traders."

In Europe, financial regulators are focusing on a ring of traders from several European banks who allegedly sought to rig benchmark interest rates such as Libor, said the European source familiar with the investigation in Europe.

The source, who did not want to be identified because the investigation is ongoing, said regulators are checking through emails among a group of traders and believe they are now close to piecing together a picture of how they allegedly conspired to make money by manipulating the rates. The rates are set daily based on an average of estimates supplied by a panel of banks.

"More than a handful of traders at different banks are involved," said the source familiar with the investigation by European regulators.

There are also probes in Europe concerning Euribor, the Euro Interbank Offered Rate.

It is not clear what individuals and banks federal prosecutors are most focused on. A top U.S. Department of Justice lawyer overseeing the investigation did not respond to a request for a comment.

Reuters previously reported that more than a dozen current and former employees of several large banks are under investigation, including Barclays Plc, UBS and Citigroup, and have hired defense lawyers over the past year as a federal grand jury in Washington, D.C., continues to gather evidence.

The activity in the Libor investigation, which has been going on for three years, has quickened since Barclays agreed last month to pay $453 million in fines and penalties to settle allegations with regulators and prosecutors that some of its employees tried to manipulate key interest rates from 2005 through 2009.

Barclays, which signed a non-prosecution agreement with U.S. prosecutors, is the first major bank to reach a settlement in the investigation, which also is looking at the activities of employees at HSBC, Deutsche Bank and other major banks.

The Barclays settlement sparked outrage and a series of public hearings in Britain, after which Barclays Chief Executive Bob Diamond announced his resignation from the big British bank.

The revelations have raised questions about the integrity of Libor, which is used as benchmark in setting prices for loans, mortgages and derivative contracts.

Adding to concerns are documents released by the New York Federal Reserve Bank this month that show bank regulators in the United States and England had some knowledge that bankers were submitting misleading Libor bids during the 2008 financial crisis to make their financial institutions appear stronger than they really were.

Among other details, the Fed documents included the transcript of an April 2008 phone call between a Barclays trader in New York and Fed official Fabiola Ravazzolo, in which the unidentified trader said: "So, we know that we're not posting um, an honest LIBOR."

The source familiar with the regulatory investigation in Europe said two traders who have been suspended from Deutsche Bank were among those being investigated. A Deutsche Bank spokesman declined to comment.

The Financial Times reported on Wednesday that regulators we're looking at suspected communication among four traders who had worked at Barclays, Credit Agricole, HSBC and Deutsche Bank.

Credit Agricole said it had not been accused of any wrongdoing related to the attempted manipulation of Libor by Barclays, but had responded to requests for information for various authorities related to the matter.

Beyond regulatory penalties and criminal charges, banks face a growing number of civil lawsuits from cities, companies and financial institutions claiming they were harmed by rate manipulation. Morgan Stanley recently estimated that the 11 global banks linked to the Libor scandal may face $14 billion in regulatory and legal settlement costs through 2014.

In the United States, the regulatory investigation is being led by the Commodity Futures Trading Commission, which has made the Libor probe one of its top priorities.

http://www.reuters.com/article/2012/07/22/us-banking-libor-criminal-idUSBRE86L0CC20120722?feedType=RSS&feedName=businessNews&utm_source=dlvr.it&utm_medium=twitter&dlvrit=56943

Financial Fraud & Investigations leading to Mass Arrests

This article gives a very good run down of all the financial news  that has happened recently- nicely coordinating the news of Ron Paul's victory in getting the Federal Reserve fully audited (including a brief history of the creation of the Fed Res, and a run down of the previous partial audit that discovered the $26 Trillion dollars the Fed spent to bail out the banks- including 5 non-American banks), that coincidentally coincided the launch of the LIBOR scandal.

The article provide links to Rolling Stone Magazine's Matt Tabibi's article on LIBOR, videos of Spitzer's show on Current TV, then goes one to  give an excellent blow by blow of the news up to this week: the German news blowing the whistle on the Vatican, and outlining the Vatican's dirty dealings with JP Morgan, the awakening of the masses to the fact that our entire global economy and financial world is built on  quicksand, and then British Parliament calling for mass arrests of the Banksters responsible for the LIBOR scandal.

If you've fallen behind on the economic news, or if you're looking for an article that explains the current situation of this cesspool to someone who is just beginning to wake up to the reality of our world,  THIS is the article to hand them.

NOTE the conclusion.  As all these pieces began falling into place, over the last two weeks especially, I realized the magnitude of what we were witnessing: This is the prequel to the mass arrests folks.  As the author of this article states in his conclusion:

"What we are now seeing is a plot twist that had to be hidden -- for obvious reasons -- but it makes perfect sense.
If you want to make mass arrests, in a way that is fair, legal and publicly supported, first you need to make mass charges -- followed by mass lawsuits.
If you suddenly just arrest thousands of top people, with no legal precedent, the public will not know who to trust.
This way, the process occurs in a much less traumatic fashion. You have to awaken the public to the problem first, on a mass level, before any palpable solution can be offered".
I have a feeling that the audit of the Federal Reserve will happen very quickly.  Add to that the LIBOR scandal that daily is snowballing across the US, plus the regular charges of fraud against bankers and CEOs that seem to be leaking into the news weekly....

... and add to the fact that the vast majority of the  Cabal have been cashing in their dinars... then running out and buying more, and then cashing them out.  Some of those who do business in strangely shaped offices have cashed out at least twice already.  Besides being grossly unfair to the millions of people who've been waiting for years for the chance to exchange their Dinars for a better life, these big shots signed Non Disclosure Agreements- contracts that also included the fact that they are NOT ALLOWED TO BUY ANY MORE DINAR OR DONG!

..... Yes.  Those who've tried to steal life away from us are about to get their asses thrown in jail, and not for some flimsy excuse that might be questioned by the mass sleeping public. If you're gonna arrest them, let's make sure that the charges are rock solid. And OHhhhhhhh they are!




The original article can be read here: http://nesaranews.blogspot.ca/2012/07/part-of-report-detailing-financial.html

Saturday, July 21, 2012

Part of a report detailing the financial fraud, investigations leading to mass arrests involving Federal Reserve and the IRS

IF THIS DOESN'T CONVINCE YOU TO GET OUT OF THE STOCK MARKET AND INVESTMENTS PLUS GET YOUR MONEY OUT OF BANKS AND CREDIT UNIONS ESPECIALLY Citigroup, Morgan Stanley, Merrill Lynch and Bank of America.

 US FEDERAL MARSHALS ARE RESPONSIBLE FOR THIS

The CFTC is the financial investigation branch of the Department of Justice. The personnel who enforce the law on behalf of the Department of Justice are the US federal Marshals.

The US federal Marshals are the only entities legally capable of taking down this cabal -- which has seized control of the world and its resources to an astonishing degree.

The Marshals are allowed to cross state borders, and can enlist the support of the police and the military to aid in their enforcement of the law.

These tools are absolutely critical in defeating such a vastly interconnected entity.

All of these details fit perfectly with the "Mass Arrests" scenario we've been heavily tracking on this website since last November.

In order to do mass arrests, you have to start with mass charges -- leading to mass court cases.

The Department of Justice has now kicked this process into high gear. As you will see, the outraged public is already calling for mass arrests as the scope of the conspiracy sinks in.


THE FEDERAL RESERVE SYSTEM

At the center of this octopus of global control is the Federal Reserve System. It was originally called the National Reserve System, and was presented in 1911 and 1912 via the Aldrich Plan.

The idea was to outsource the control of the US financial system to a private consortium of international bankers.

Americans then essentially rent their money from these bankers -- and pay them for the honor of using it.

As billionaires, the trust and collateral of these bankers is supposedly superior to any "reserve" within the US government itself.

This vintage cartoon shows how there was a widespread understanding, in the early 20th Century, of the danger we faced if we allowed private bankers to seize control of our financial system.

 WHAT WERE THE RESULTS?

This problem did not begin in 1911. Once you have read Financial Tyranny, you will be well aware that it goes back to at least the 1700s.

The results of the Federal Reserve were elegantly summed up by the Ron Paul site:
Ron Paul Site -- Audit the Federal Reserve
http://www.ronpaul.com/congress/legislation/audit-the-federal-reserve-fed-hr-459-s202/

The Federal Reserve is the chief culprit behind the economic crisis.

Its unchecked power to create endless amounts of money out of thin air brought us the boom and bust cycle -- and causes one financial bubble after another.

Since the Fed’s creation in 1913, the dollar has lost more than 96% of its value, and by recklessly inflating the money supply, the Fed continues to distort interest rates -- and intentionally erodes the value of the dollar.

For the past 30 years, Congressman Ron Paul has worked tirelessly to bring much-needed transparency and accountability to the secretive bank.

And in 2009 and 2010, his unfaltering dedication showed astonishing results: HR 1207, the bill to audit the Federal Reserve, swept the country and made the central bankers shudder at their desks.

The bill passed as an amendment both in the House Financial Services Committee and in the House itself. But eventually the most significant portions of the bill were derailed. (Full story here.)

  NOT THIS TIME

Ron Paul's original bill led to a shocking disclosure.

The Federal Reserve paid 26 trillion dollars in bailouts -- with American money it printed, without our permission -- to its own member banks surrounding the financial crash of 2008.

This has still not created anywhere near the degree of outrage that it should have. Corporate media has completely ignored it -- because to publicize it would speed their own destruction.
Here is a small part of the letter where Congressman Alan Grayson reveals how he found this number, in the newly-audited Federal Reserve balance sheets, to John Hively -- “The World’s Most Accurate Economic Forecaster Since 1989”.

http://johnhively.wordpress.com/2011/12/05/breakdown-of-the-26-trillion-the-federal-reserve-handed-out-to-save-rich-incompetent-investors-but-who-purchase-political-power/

CONGRESSMAN GRAYSON: I wouldn’t want anyone to think that I’m dramatizing or amplifying what this GAO report says, so I’m just going to list some of my favorite parts, by page number.

Page 131 – The total lending for the Fed’s “broad-based emergency programs” was $16,115,000,000,000. That’s right, more than $16 trillion. The four largest recipients, Citigroup, Morgan Stanley, Merrill Lynch and Bank of America, received more than a trillion dollars each.

The 5th largest recipient was Barclays PLC. The 8th was the Royal Bank of Scotland Group, PLC. The 9th was Deutsche Bank AG. The 10th was UBS AG. These four institutions each got between a quarter of a trillion and a trillion dollars. None of them is an American bank.

Page 205 – Separate and apart from these “broad-based emergency program” loans were another $10,057,000,000,000 in “currency swaps.” In the “currency swaps,” the Fed handed dollars to foreign central banks, no strings attached, to fund bailouts in other countries….

These currency swaps and the “broad-based emergency program” loans, together, totaled more than $26 trillion. That’s almost $100,000 for every man, woman, and child in America.

That’s an amount equal to more than seven years of federal spending — on the military, Social Security, Medicare, Medicaid, interest on the debt, and everything else. And around twice America’s total GNP….

If the Fed had extended $26 trillion in credit to the American people instead of Wall Street, would there be 24 million Americans today who can’t find a full-time job?


NOW THE AUDIT HAS THE POTENTIAL TO BE COMPLETED

However, as the above quote from the Ron Paul site reveals, "the most significant portions of the bill were derailed."

That all may have just changed. The magic date should sound quite familiar by now -- June 27, 2012.
June 27: Ron Paul's Audit The Fed Bill Clears House Panel, Unopposed!
http://thehill.com/blogs/on-the-money/economy/235055-house-panel-clears-fed-audit-bill

The House Oversight Committee easily cleared legislation Wednesday that would require a top-to-bottom audit of the Federal Reserve.

The bill, sponsored by Rep. Ron Paul (R-Texas), was advanced by the committee on a bipartisan voice vote with no vocal opposition.

The measure, which has garnered 257 co-sponsors from both parties, would require the Government Accountability Office (GAO) to conduct a full audit of the Fed's operations, including its monetary policy deliberations, for the first time....

Before the audit bill cleared the oversight committee on Wednesday, ranking member Elijah Cummings (D-Md.) attempted to introduce an amendment that would prevent the GAO from auditing the Fed's deliberations on monetary policy.

Cummings withdrew the amendment after Chairman Darrell Issa (R-Calif.) voiced opposition, saying it "essentially guts this bill."

Issa maintained it was ironic that Congress took an intense interest in the $2 billion and counting in losses suffered recently by JPMorgan Chase when it "pales in comparison" to the Fed's multi-trillion dollar portfolio.

"It is long past time for a real audit," he said.

Fed Chairman Ben Bernanke has previously opposed congressional attempts to audit the Fed's monetary policy deliberations, saying it would expose the politically independent institution to lawmaker pressure.


VERY INTERESTING THAT BOTH OF THESE THINGS HAPPENED ON THE SAME DAY

I find it very interesting that the Department of Justice blew the whistle on the LIBOR scandal on the same day that the new Audit the Fed bill passed the House Committee.

Clearly there is a "read between the lines" message being given here -- for those who are paying attention.

The Federal Reserve IS the heart of the "cartel" of bankers that are manipulating the LIBOR rate.

It is safe to say that the Federal Reserve and its affiliates were completely caught off guard by this surprise one-two punch -- and have been scrambling to contain the damage ever since.

Though this has now become a tremendously significant issue in Great Britain, the controlled US monopoly press has essentially been plugging its ears and humming, hoping it will just go away.

Just as I was preparing to publish this, we had another tragic mass shooting in Colorado.

Once you've read Financial Tyranny, you may start to wonder if these "lone nut" assassins are really acting alone.

Stories like this can dominate the headlines for weeks -- and wash away other, embarrassing issues for the Cabal in the meantime.


ROLLING STONE'S MATT TABIBI EXPLAINS THE LIBOR SCANDAL

This next video is an excerpt from Elliott Spitzer's show, Current TV -- and has completely gone viral, for good reason.

It very nicely summarizes what the people have now learned as a result of the LIBOR scandal -- and should be considered "required viewing" for anyone seeking to understand this.

 July 3: Matt Tabibi Explains LIBOR Scandal – It’s Over for the Banking Cartel
http://www.youtube.com/watch?v=0oV2mI0IYp8


THE ORIGINAL WRITEUP FROM CURRENT TV

Here is the original writeup of this show, as it appears on the Current TV website. Additional information is provided that is not in the video -- and it is nicely summarized.

July 3: Original Link on Current TV to Spitzer / Tabibi Interview
http://current.com/shows/viewpoint/videos/the-mob-learned-from-wall-street-eliot-spitzer-on-the-cartel-style-corruption-behind-libor-scam/

“Viewpoint” host Eliot Spitzer, Matt Taibbi, Rolling Stone contributing editor, and Dennis Kelleher, president and CEO of Better Markets, analyze the Libor interest rate–rigging scandal engulfing the banking industry.

Barclays CEO Bob Diamond recently resigned after the bank was fined $453 million for its part in the scandal, which involved manipulating the London Interbank Offered Rate (Libor), a key global benchmark for interest rates, by essentially “faking their credit scores,” according to Taibbi.

And as Taibbi explains, Barclays couldn’t have acted alone.

“It can’t just be Barclays and the Royal Bank of Scotland. In fact, it can’t even be four banks or even five banks,” he says.

“Really, in the end it’s probably going to come out that it’s going to be all of them … involved in this. And that’s what’s critical for people to understand: that this is a cartel-style corruption.”

Kelleher argues that the Libor scandal is proof that the financial industry “is corrupt and rotten to its core.”

“The same executives [using] the same business model that crashed the entire financial system in ’08 are still running these banks,” he says.

  June 27: Barclays Fined for LIBOR Fixing
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9360580/Barclays-hit-with-290m-fine-over-Libor-fixing.html

Barclays has been fined £290m for attempting to manipulate the world’s benchmarking borrowing rate in a blow to the bank’s reputation that has raised questions over the future of chief executive Bob Diamond.

The Financial Services Authority fined Barclays a record £60m, saying staff at the bank had repeatedly made false submissions to help set the London Interbank Offered Rate (Libor).

The rate is used to fix the cost of borrowing on mortgages, loans and derivatives worth more than $450 trillion (£288 trillion) globally.

Investigators from the FSA and the US Commodity Futures and Trading Commission said they had found evidence that Barclays had tried to manipulate Libor for several years in the run up to the financial crisis and in its aftermath.

Emails uncovered as part of a three-year investigation into claims that Barclays and other banks attempted to inflate and suppress Libor show the extent of the scandal.

In one message sent to a Barclays employee involved in the bank’s Libor submission, a trader asked for the rate to be set “as high as possible today”, to which the unnamed staff member replied “sure”.

In another, a trader from an unnamed rival bank thanks a Barclays trader for successfully getting the lender’s Libor rate lowered, saying: “Dude. I owe you big time! Come over one day after work and I’m opening a bottle of Bollinger.”

About a dozen banks are being investigated as part of the Libor probe, including state-backed lenders Lloyds Banking Group and Royal Bank of Scotland, as well as many of the largest US and European investment banks.


A SUMMARY OF THE EMAILS

The US federal Marshals and other Department of Justice personnel went in, on a highly secretive basis, and collected emails implicating the Cabal in this vast scandal.

Here, the UK Telegraph summarizes those emails -- on the day this all broke out.

June 27: Key Emails Revealing How Barclays Manipulated LIBOR
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9359392/Key-emails-how-Barclays-manipulated-Libor.html

The report from the US Commodity Futures Trading Commission (CFTC) highlights communications between Barclays traders and those tasked with submitting Libor estimates which it claims show an attempt to manipulate rates on "numerous occasions and sometimes on a daily basis".

 CHRONOLOGY OF EVENTS ON THE DAY THE SCANDAL BROKE

Events moved at lightning speed in the UK when the scandal broke. Here is a link to a summary of what happened that day.

June 28: Barclays LIBOR Scandal As It Happened
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9361646/Barclays-Libor-scandal-as-it-happened-June-28-2012.html

David Cameron says Barclays has "serious questions to answer" over Libor fixing and George Osborne describes the scandal as a "shocking indictment" of the banks amid calls for the bank's chief executive Bob Diamond to resign.


BRITAIN'S TOP BUSINESS LOBBYING GROUP CALLS LIBOR SCANDAL "DEPLORABLE"

Two days after it started, the head of Britain's top business lobbying group expressed his horror at the depth of this scandal.

June 29: Britain's Top Business Lobbying Group Calls LIBOR Scandal "Deplorable"
http://news.sky.com/story/954195/cbi-boss-barclays-scandal-deplorable

"The manipulation of the LIBOR arrangements is deplorable and undermines international trust in the integrity of the City. This weakness must be addressed and the culprits punished.

"We should be mindful, however, of the importance of banking to the UK economy and that throwing out the baby with the bathwater is in no-one’s interest provided the baby is clean."


BARCLAYS CEO WAS DETERMINED TO STAND HIS GROUND

On July 1st, Bob Diamond, the CEO of Barclays, was still defiantly standing his ground and refusing to step down.

July 1: Barclays CEO Bob Diamond Refuses to Step Down
http://news.sky.com/story/954006/bob-diamond-a-controversial-banker

As Bob Diamond announces he won't step down over the rate-fixing scandal, Sky News takes a look at the controversial man behind the headlines.


GERMAN PRESS BLOWS THE WHISTLE ON THE VATICAN

Many investigators claim that the Vatican is at the epicenter of this vast, interlocking global corporate cabal.

The people orchestrating the mass arrests from the inside also know this -- based on information I and others have gathered.

On July 2nd, an important article appeared in the German press about the ever-accelerating Vatican Bank scandal, which began kicking into high gear as of June 5th, 2012.

This is all part of the orchestrated series of disclosures that must precede the mass arrests.

July 2: Growing Vatican Bank Scandal Threatens Catholic Church Image
http://www.spiegel.de/international/europe/a-growing-vatican-bank-scandal-threatens-catholic-church-image-a-842140.html

The Vatican scandal over shady bank accounts and millions in suspect transfers began shortly before sunrise on June 5 on Via Giuseppe Verdi, a picturesque street in the old part of Piacenza, a town in northeastern Italy….

The documents confiscated from Gotti Tadeschi, a former confidant of the pope, provided Italian law-enforcement officials insight into the innermost workings of the Vatican bank.

The secret dossier includes references to anonymous numbered accounts and questionable transactions as well as written and electronic communications reportedly showing how Church banking officials circumvented European regulations aimed at combating money-laundering.

A Possible Motive

The drama unfolding in the Vatican is now heading toward a climax….

Several high-ranking officials within the Curia viewed the bank, officially known as the Institute for Works of Religion (IOR), as something akin to a trust company for clandestine monetary transactions that is not only used by the Church, but allegedly also by the mafia as well as corrupt politicians and companies.

In one of the seized Gotti Tedeschi memos, he wrote: "I've seen things in the Vatican that scare me."

It is a clear turning, one which transforms the so-called "Vatileaks" affair into a financial scandal that could seriously damage the reputation of the Holy See.

Internal correspondence dated May 22 from a member of the bank's supervisory board to the Vatican's Secretariat of State notes that the Vatican bank is presently "in an extremely fragile and precarious position" and that the situation had reached "a point of imminent danger."….


THE VATICAN LEADERSHIP IS ALARMED

As we continue with our excerpt, we see just how deeply this scandal is affecting the Vatican. This has the potential to break into mainstream consciousness on a huge level.

http://www.spiegel.de/international/europe/a-growing-vatican-bank-scandal-threatens-catholic-church-image-a-842140.html

The Vatican leadership is alarmed. Archbishops and cardinals are far from thrilled that Italian officials are now rummaging around in their secret affairs.

Papal spokesman Federico Lombardi has openly threatened Italy's law-enforcement apparatus and urged it to kindly respect "the sovereign rights of the Holy See."

In other words, he believes that all those documents including confidential details about the Vatican bank that were seized during the search of Gotti Tedeschi's home should not be in the hands of Italian investigators….

Its business model depends on keeping things as shrouded as possible from all financial authorities.

Capital gains are untaxed, financial statements are not disclosed and anonymity is guaranteed.

The bank's exotic status of belonging to a religious monarchy in a sovereign state the size of a city park has shielded it from investigations and unpleasant external monitoring….

The Vatican has yet to divulge the business practices its bank has been using for decades. "There is fear that, owing to the transparency necessary today, one will find something in the past that one doesn't want to," says Marco Politi, a Rome-based Vatican expert.

Such things could include a complex system of ghost accounts and shell companies like the bank had when Archbishop Paul Casimir Marcinkus was its head in the 1980s….

 INCESTUOUS RELATIONSHIP WITH JP MORGAN

Remember that JP Morgan is the sixth most powerful corporation in the entire "super-entity" of 147 companies identified by the Swiss scientists.

This "super-entity" controls 80 percent of the world's wealth. Now we know that there was an incestuous relationship between JP Morgan and the Vatican Bank.

http://www.spiegel.de/international/europe/a-growing-vatican-bank-scandal-threatens-catholic-church-image-a-842140.html

In 2009, the same year that Gotti Tedeschi took over as president of the IOR, the bank set up an account with the Milan-based branch of the American bank JPMorgan Chase.

>From that point on, millions started flowing on an almost daily basis from JPMorgan's Milan office to the one in Frankfurt, where the IOR also had a JPMorgan account.

Vatican officials opted for a special account in Milan with the number 1365, a so-called "sweep facility account," which was automatically zeroed out at the end of each day.

The Vatican bank confirmed the existence of this account late last week, though it said it was primarily used for handling securities transactions.

Through last year, this financial set-up was allegedly used to process more than a billion euros for the Vatican bank. Italian investigators suspect that it was also used to launder funds from dubious sources.


JP MORGAN DIVORCES THE VATICAN BANK

On March 19, 2012, JP Morgan shocked the financial world by suddenly and abruptly "divorcing" the Vatican Bank.

The announcement was made public after the separation had already started -- and less than two weeks before the divorce was complete.

This was clearly a sign that the Federal Reserve bankers knew troubles were ahead -- and were scrambling for cover as they broke into rival, warring factions.

March 19: JP Morgan Divorces the Vatican Bank
http://www.huffingtonpost.com/2012/03/19/vatican-bank-image-hurt-closed_n_1363432.html

VATICAN CITY/MILAN, March 19 (Reuters) - JP Morgan Chase is closing the Vatican bank's account with an Italian branch of the U.S. banking giant because of concerns about a lack of transparency at the Holy See's financial institution, Italian newspapers reported.

The move is a blow to the Vatican's drive to have its bank included in Europe's "white list" of states that comply with international standards against tax fraud and money-laundering.

The bank, formally known as the Institute for Works of Religion (IOR), enacted major reforms last year in an attempt to get Europe's seal of approval and put behind it scandals that have included accusations of money laundering and fraud.

Italy's leading financial daily Il Sole 24 Ore reported at the weekend that JP Morgan Chase in Milan had told the IOR of the closing of its account in a letter on Feb. 15.

The letter said the IOR's account in Italy's business capital would gradually be phased out starting on March 16 and closed on March 30.

In Milan, JP Morgan Chase declined to comment and the Vatican also had no comment.


BARCLAYS CEO SUDDENLY RESIGNS ON JULY 2ND

Now, as we jump back into our timeline, the Vatican scandal got worse as of June 5th, after JP Morgan fled the scene -- and the story got major publicity as of July 2nd.

Then, the very next day, the CEO of Barclay Bank suddenly resigned -- even after he had been digging his heels in and saying "hell no, I won't go" before that.

What kind of pressure was applied to Mr. Diamond to make him suddenly shift so dramatically?
July 3: Barclays CEO Suddenly Resigns, 24 Hours After Defiant Self-Defense
http://uk.news.yahoo.com/barclays-chief-executive-bob-diamond-resigns-064421614--finance.html

"Bob Diamond has quit as chief executive of Barclays bank in a shock twist to the rate-rigging scandal.

Marcus Agius, who anounced his intention to resign as chairman only yesterday [July 2nd], is to take over the running of the bank while a successor to Mr Diamond is found.

The announcement was unexpected in that Mr Diamond had made it clear to staff in a memo 24 hours earlier [July 1st] that he had no intention of falling on his sword - saying it was his responsibility to restore the bank's reputation."


PEOPLE START REALIZING THE WHOLE GAME IS RIGGED

On July 3rd, the same day as our Current TV episode aired, the Huffington Post featured an article showing how the public is realizing that the whole investment game has been rigged.

July 3: LIBOR Scandal Suggests the Whole Game is Rigged
http://www.huffingtonpost.com/2012/07/03/barclays-scandal-investor-confidence_n_1647715.html

A string of Wall Street crises, including the 2008 stock market crash, the collapse of the mortgage market, the botched Facebook IPO and the scandals at JPMorgan Chase and Barclays have meant “some very heavy body blows experienced by the public,” Richard Grasso, former chairman of the New York Stock Exchange, told CNBC’s Maria Bartiromo on Tuesday.

“It's been a real tough time for consumers who want to get back into the market."

Grasso’s comments followed remarks last week by Securities and Exchange Commission Chairman Mary Schapiro that investors have a "concern about the integrity of the marketplace."

Schapiro told a congressional subcommittee that U.S. markets are threatened with "an unwillingness [on the part of investors] to ever engage in the markets again."

Investors are unsure "whether they're getting accurate and honest information" from companies looking to sell stock to the public and uncertain "whether the market structure itself is tilted against the individual investor and in favor the institutional investor," Schapiro said.

A recent survey from financial research and advisory firm Tabb Group reported that 31 percent of investors had "weak" or "very weak" confidence in the stock market, compared with 15 percent in 2010.

“There are some people out there feeling like the game is rigged,” said Frederick.

“There have been enough events to make them suspicious. I think that’s unfortunate. And the industry needs to continue to make efforts to allay the concerns.”


BARCLAYS BETRAYS THE ROTHSCHILDS -- I.E. THE BANK OF ENGLAND

The Bank of England has been controlled by the Rothschild family since the early 1800s, as I revealed in Financial Tyranny.

You don't directly see the name "Rothschild" in the super-entity of 147 corporations, but it's hiding in there behind other names.

It was very shocking to see Barclays Bank publicly throw the Rothschilds -- i.e. the Bank of England -- under the bus as the screws turned on them.

July 3: Barclays Claims Bank of England Told Them to Rig Interest Rates
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/9374289/The-Bank-of-England-told-us-to-do-it-claims-Barclays.html

A memo published by Barclays suggested that Paul Tucker gave a hint to Bob Diamond, the bank’s chief executive, in 2008 that the rate it was claiming to be paying to borrow money from other banks could be lowered.

His suggestion followed questions from “senior figures within Whitehall” about why Barclays was having to pay so much interest on its borrowings, the memo states.

Barclays and other banks have been accused of artificially manipulating the Libor rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.

The bank claimed yesterday that one of its most senior executives cut the Libor rate only at the height of the credit crisis after intervention from the Bank of England….

The disclosure of the document threatened to plunge one of the biggest high street banks into open war with the country’s central bank, which will soon assume responsibility for regulating Barclays.

In one of the most dramatic days in British corporate history, Mr Diamond resigned yesterday, less than 24 hours after telling staff he was the right man to reform the bank….


MATT TABIBI DROPS A BIG ARTICLE ON LIBOR ON JULY 3RD

Also on July 3rd, the same day he appeared on Current TV, Matt Tabibi released a significant article on the LIBOR scandal.

His journalism blends a gut-level realism with exceptional research -- and therefore has a way of cutting through the jargon and getting to the core of the issue

July 3: Why Is Nobody Freaking Out About the LIBOR Scandal?
http://www.rollingstone.com/politics/blogs/taibblog/why-is-nobody-freaking-out-about-the-libor-banking-scandal-20120703

The LIBOR manipulation story has exploded into a major scandal overseas.

The CEO of Barclays, Bob Diamond, has resigned in disgrace; his was the first of what will undoubtedly be many major banks to walk the regulatory plank for fixing the interbank exchange rate.

The Labor party is demanding a sweeping criminal investigation. Mervyn King, Governor of the Bank of England, responded the way a real public official should (i.e. not like Ben Bernanke), blasting the banks:

It is time to do something about the banking system…  Many people in the banking industry are hardworking and feel badly let down by some of their colleagues and leaders.

It goes to the culture and the structure of banks: the excessive compensation, the shoddy treatment of customers, the deceitful manipulation of a key interest rate, and today, news of yet another mis-selling scandal.

The furor is over revelations that Barclays, the Royal Bank of Scotland, and other banks were monkeying with at least $10 trillion in loans (The Wall Street Journal is calculating that that LIBOR affects $800 trillion worth of contracts)….

That is explosive stuff…

The implications of that part of the story should be particularly chilling to Americans, who in recent years have been party to a number of revelations about strange and seemingly inappropriate contacts between senior regulatory officials and big bankers during the heat of the crisis.

We know that American officials in 2008-2009 were extremely concerned about the appearance of weakness in the financial markets, so much so that they may have resisted pursuing criminal prosecutions against big banks, and we also know that they spent a lot of time commiserating with Wall Street figures before and during the crisis….


TABIBI REVEALS "IT'S LIKE THE WORLD'S ECONOMY IS BUILT ON QUICKSAND"

As our excerpt continues, you can feel even more of the powerful indignation and shock that is rippling through the global investment community at this time.

Even the most skeptical and sarcastic folks in the financial world have been hit in the head with a wooden plank by this scandal.

http://www.rollingstone.com/politics/blogs/taibblog/why-is-nobody-freaking-out-about-the-libor-banking-scandal-20120703

Anyway, the LIBOR story is leading the front pages of most of Britain’s dailies, it’s on TV, and it’s producing blistering editorials and howls of outrage amongst politicians and activists.

But as compadre Yves Smith at Naked Capitalism put it, where’s the outrage here in America?....

The New York Times, meanwhile, did chime in with a house editorial yesterday, and it was appropriately somber. And there has been some coverage in the financial press.

But to me what’s missing from all of this is the “Holy F--king S-it!” factor.

This story is so outrageous that it shocks even the most cynical Wall Street observers.

I have a friend who works on Wall Street who for years has been trolling through the stream of financial corruption stories with bemusement, darkly enjoying the spectacle as though the whole post-crisis news arc has been like one long, beautifully-acted, intensely believable sequel to Goodfellas.

But even he is just stunned to the point of near-speechlessness by the LIBOR thing. “It’s like finding out that the whole world is on quicksand,” he says.

So as far as the stateside press goes, I’ve got to assume the cavalry is coming soon. But when?

THE IRS GETS AUDITED FOR BILLIONS OF DOLLARS IN FRAUD -- JULY 3RD

Furthermore, on July 3rd we found out the IRS was being audited -- for billions of dollars in fraud.

The IRS is not innocent in all of this either. Corruption exists throughout the entire system -- as we are increasingly finding out.

Their own employees have now turned against them.
July 3: IRS Gets Audited -- For Allowing Billions of Dollars in Fraud
www.wnd.com/2012/07/and-finally-the-irs-gets-audited/

The federal agency that strikes fear into many U.S. taxpayers is getting a dose of its own medicine – as it is now the focus of a year-long audit for allowing illegal aliens to scam the system and bilk taxpayers out of billions of dollars every year.

Federal employees are blowing the whistle on the Internal Revenue Service, according to a report by Indianapolis television station WTHR-TV….

Howard Antelis, a tax examiner at the IRS’ ITIN processing center in Austin, Texas, explained: “We were being told by upper management to ignore fraud, to assign ITIN numbers and … pay out refunds to people who are lying. It’s a license to steal when you allow that.”…

Antelis said he reported the scams regularly to his managers – for years – with no result.

Frustrated with the inaction, he called the Inspector General’s office in Washington, D.C.

“I’ve been working for the federal government for 23 years and I signed an ethical standard of conduct when I went to work that says if you see fraud, you need to report it,” he said.

“I tried and tried and tried, couldn’t get anywhere so … I went into a quiet room and started making phone calls.”…

The auditors made a shocking discovery: IRS employees were, in fact, encouraged to overlook indications of fraud….

“It’s pure negligence by management and they’ve been trying to keep it quiet,” Antelis said. “There is a criminal element that is defrauding the U.S. government by filing mountains and mountains of these fraudulent applications.

"We see them in piles in bulk every day that are obviously not legitimate documents and not legitimate tax returns and not legitimate wages … and [IRS managers] don’t want to deal with it.

"That’s where all the fraud is. The fraud is in the fake notary stamps and fake documents which we’ve been accepting.”


BRITISH PARLIAMENT CALLS FOR MASS ARRESTS

By July 4th, members of the British Parliament were openly calling for mass arrests of the top CEOs and bankers who manipulated the LIBOR rate for their own gains.

July 4: British Parliament Calls for Mass Arrests in LIBOR Scandal
http://www.bbc.co.uk/news/uk-politics-18702653

The prime minister [David Cameron] said a single parliamentary inquiry into the "appalling" events would be the most "swift and decisive" course of action.

But Labour's leader [Ed Miliband] said this was "too narrow" and a much wider judicial probe into the culture of banking was needed….

At Prime Minister's Questions, Mr Cameron said the manipulation of the key Libor inter-bank borrowing rate by Barclays traders was "outrageous" and those responsible for "spivvy and probably illegal activity" should be held to account.

"People want to know that crime in our banks, crime in our financial services, will be pursued and punished like crimes on our streets," he told MPs….

But, in heated exchanges in the Commons, Mr Miliband said the prime minister did not understand the "depth of public concerns" about the matter and was failing to act in the national interest.

"Whenever these scandals happen, he has failed to act and he stands up for the wrong sort of people.

"His party is a party bankrolled by the banks. If he fails to order a judge-led inquiry people will come to one conclusion. He simply cannot act in the national interest."


MORE TO COME

Over the years, I have built up contacts with insiders who are very well-positioned -- due to my role as a public investigator.

I received  information that absolutely convinced me there was a plan to do the impossible -- to actually break up this Cabal and arrest its top conspirators.

Some people thought the mass arrests we've been discussing on this site would just start one day.

All of a sudden, the marshals and the troops are out in the streets -- and top Cabal people are being hauled off to prison.

What we are now seeing is a plot twist that had to be hidden -- for obvious reasons -- but it makes perfect sense.

If you want to make mass arrests, in a way that is fair, legal and publicly supported, first you need to make mass charges -- followed by mass lawsuits.

If you suddenly just arrest thousands of top people, with no legal precedent, the public will not know who to trust.

This way, the process occurs in a much less traumatic fashion. You have to awaken the public to the problem first, on a mass level, before any palpable solution can be offered.

DH