2014: Collapse or TurnAround Artistry ?

Benjamin Fulford - 11/ 06/13:

 Multiple sources say the Pentagon is moving to shut down cabal

Some kind of paradigm changing event in the US is imminent, according to multiple sources. Three US agency sources, two from the Pentagon and one from the CIA, all say something very big is going to happen in the United States but none of them were sure exactly what it will be. The Pentagon had already taken over the FEMA camps and was going to put all the politicians from Washington D.C. there, one source said. Another, at Pentagon Military intelligence, confirmed “there was a lot of activity and confusion within the military,” a sign of something big going on but, he was not sure exactly what.

He added that for some reason all the FEMA coffins had been moved to Puerto Rico and were being displayed on Puerto Rican TV stations. The CIA source, for his part, said they were going to shut down the US power grid on November 11th.

In another sign something unusual was going on the US armed forces radio station in Japan broadcast a statement last week that the “US military did not have a budget for 2014.”

A top level Chinese government representative also reported that an agreement had been reached to release vast amounts of funds to finance a major campaign to end poverty and stop environmental destruction.

After receiving the call from the Chinese source, this writer called to US Embassy in Tokyo, Japan to ask if the government of the United States supported setting up a new development agency to carry out a multi-trillion dollar campaign to end poverty and stop environmental destruction.

In what seems to be a direct reply, a Pentagon military intelligence agent in Japan met this writer and asked if President Barack Obama could be included in the campaign. He said that despite Obama’s “weird metrosexual lifestyle” and despite the fact his father was an American communist and not a Kenyan politician as advertised, they supported Obama because he stopped World War 3 from starting in the Middle East.

In response he was told that if the cabal was defeated by the White Dragon Society and its allies, the US military would receive more funding that it does now and would be asked to help in the campaign to fix the planet. As far as Obama was concerned, the representative was told his fate is up to the American people and the US military industrial complex.

In any case, the United States is under enormous external pressure to get its act together.

The NSA scandal is one example. Here we have a US defector in Russia revealing secrets about US spying on its allies. The result is heavy criticism on the US regime by supposed allies such as the German, French and Spanish governments, a clear sign the Europeans are moving closer to Russia and distancing themselves from the US.

The other big move against the US last week came when Russia sent two strategic nuclear bombers to Venezuela after which Venezuela immediately took over US owned oil rigs in the country.

The Chinese did their bit by announcing they had surrounded the US with nuclear submarines that could annihilate the entire continental United States. They have also been aggressively investing in new energy technology and will pioneer a post-oil world.

In the old oil powers fortress of the Middle East as well, the Russians are continuing to jump into the US vacuum. Turkey, supposedly a NATO country, is negotiation a customs union with Russia, buying missiles from China and rounding up and removing Mossad agents spying on Iran from Turkey. Egypt too is buying missiles and other weapons from Russia and offering the Russians a naval base.

Last week when Israeli forces attacked Syria, the US armed forces immediately informed the Russians of this fact, infuriating the Israelis and making it clear that the United States armed forces are no longer going to fight wars for Israel. As a result that country will have to reach a deal with its neighbours and with Russia if it is to remain a viable entity.

The long term plan, according to an Eastern European Illuminati grandmaster, is to create a loose federation of Muslim states anchored by Turkey at one end and Egypt on the other. In this plan, Israel is expected to eventually become a Jewish autonomous region inside this federation.

The totalitarian rulers of Saudi Arabia, for their part, need to remind themselves of the Arab saying: “One day the stick is in your hand, the next day it is in your ass.”

What all this means is that the oil money from both the Middle East and South America will no longer be recycled into the banks that own the Federal Reserve Board thus dooming the Rockefeller/Bush petrodollar.

That is why the US Congress last week suddenly passed a bill allowing the big US banks to once again create infinite amounts of funny money using derivatives.

http://daily.represent.us/theres-something-absolutely-insane-happening-house-right-now/

Of course the US military is upset about all this but, the answer is that the world wants them to go into Washington D.C. and Wall Street and remove the parasitical gangsters who have caused so much misery to the people of the world, including the American people.

After that, the US military industrial complex will get generous funding to do things like protect endangered species, fight bandits as well helping put to an end to various forms of planetary rape such as over-fishing and the destruction of rain forests. That is exactly what is about to happen, the pentagon and agency sources hint. The sources also say the cabal members and their families, who had planned to hide in underground bases while they killed everybody else, will instead find themselves confined in the FEMA camps. If that does not happen, the noose will only get tighter until it does. The people of the world are sick and tired of the criminal behavior of the US rogue regime.

If the US power grid is shut down on November 11th, it will mean no internet, no TV and no ATMs. If this event does happen, and if it is managed by the good guys, it can thus be used to render impotent two of the cabal’s main weapons, the control of the distribution of money and the use of mass propaganda. The system could then be rebooted minus all the hysterical nonsense and fake news that it has been churning out recently.

The coordinated attempts by cabal slave governments in Japan, the US and the UK to drastically curtail press freedom are signs of cabal desperation, not cabal power. They have lost control of the plot and somehow think they can put the genie back into the bottle by cutting off the truth. That is not going to happen.

The cabal appointed leaders in Canada, the UK and Japan are under attack on multiple fronts. In Canada a corruption scandal is closing in on Bush slave appointee Stephen Harper. In the UK, the passage of a draconian press law has triggered a massive anti-government campaign. In Japan, the gangsters who used to work for the cabal are no longer doing so, meaning the Japanese Parliamentary acting troupe will be reading from a new script. That has already been seen with the announcement last week of joint Japanese Russian military maneuvers. Expect more soon.

The end game of all this will be world peace.

Plus, if we are lucky, and it turns out alien races have been blockading us because of our criminal leadership, once we attain world peace we might be allowed off the planet and we will get the chance to explore the universe. If not, we will just have to work on making this planet really nice and fun.

Source:

http://benjaminfulford.net/2013/11/06/multiple-sources-say-the-pentagon-is-moving-to-shut-down-cabal/

 

Matt Taibbi. (photo: Rolling Stone), Rolling Stone, 06 November 13

Chase Isn't the Only Bank in Trouble

've been away for weeks now on a non-financial assignment (we have something unusual coming out in Rolling Stone in a few weeks) so I've fallen behind on some crazy developments on Wall Street. There are multiple scandals blowing up right now, including a whole set of ominous legal cases that could result in punishments so extreme that they might significantly alter the long-term future of the financial services sector.

As one friend of mine put it, "Whatever those morons put aside for settlements, they'd better double it."

Firstly, there's a huge mess involving possible manipulation of the world currency markets. This scandal is already drawing comparisons to the last biggest-financial-scandal-in-history (the Financial Times wondered about a "repeat Libor scandal"), the manipulation of interest rates via the gaming of the London Interbank Offered Rate, or Libor. The foreign exchange or FX market is the largest financial market in the world, with a daily trading volume of nearly $5 trillion.

Regulators on multiple continents are investigating the possibility that at least four (and probably many more) banks may have been involved in widespread, Libor-style manipulation of currencies for years on end. One of the allegations is that traders have been gambling heavily before and after the release of the WM/Reuters rates, which like Libor are benchmark rates calculated privately by a small subset of financial companies that are perfectly positioned to take advantage of their own foreknowledge of pricing information.

A month ago, Bloomberg reported that it had observed a pattern of spikes in trading in certain pairs of currencies at the same time, at 4 p.m. London time on the last trading day of the month, when WM/Reuters rates are released. From the article:

In the space of 20 minutes on the last Friday in June, the value of the U.S. dollar jumped 0.57 percent against its Canadian counterpart, the biggest move in a month. Within an hour, two-thirds of that gain had melted away.

The same pattern - a sudden surge minutes before 4 p.m. in London on the last trading day of the month, followed by a quick reversal - occurred 31 percent of the time across 14 currency pairs over two years, according to data compiled by Bloomberg. For the most frequently traded pairs, such as euro-dollar, it happened about half the time, the data show.

The recurring spikes take place at the same time financial benchmarks known as the WM/Reuters (TRI) rates are set based on those trades…

The Forex story broke at a time when the industry was already coping with price-fixing messes involving oil (the European commission is investigating manipulation of yet another Libor-like price-setting process here) and manipulation cases involving benchmark rates for precious metals and interest rate swaps. As Quartz put it after the FX story broke:

For those keeping score: That means the world's key price benchmarks for interest rates, energy and currencies may now all be compromised.

Perhaps most importantly, however, there's a major drama brewing over legal case in London tied to the Libor scandal.

Guardian Care Homes, a British "residential home care operator," is suing the British bank Barclays for over $100 million for allegedly selling the company interest rate swaps based on Libor, which numerous companies have now admitted to manipulating, in a series of high-profile settlements. The theory of the case is that if Libor was not a real number, and was being manipulated for years as numerous companies have admitted, then the Libor-based swaps banks sold to companies like Guardian Care are inherently unenforceable.

A ruling against the banks in this case, which goes to trial in April of next year in England, could have serious international ramifications. Suddenly, cities like Philadelphia and Houston, or financial companies like Charles Schwab, or a gazillion other buyers of Libor-based financial products might be able to walk away from their Libor-based contracts. Basically, every customer who's ever been sold a rotten swap product by a major financial company might now be able to get up from the table, extend two middle fingers squarely in the direction of Wall Street, and simply walk away from the deals.

Nobody is mincing words about what that might mean globally. From a Reuters article on the Guardian Care case:

"To unwind all Libor-linked derivative contracts would be financial Armageddon," said Abhishek Sachdev, managing director of Vedanta Hedging, which advises companies on interest rate hedging products.

Concern over all of this grew even hotter last week with the latest Libor settlement, in which yet another major bank, the Dutch powerhouse Rabobank, got caught monkeying with the London rate.

Rabobank paid over a billion in fines to American, British, Dutch and Japanese authorities and saw its professorial CEO, Piet Moerland, resign as a result of the probe. The investigation revealed the same disgusting stuff all of the other Libor probes had revealed - traders and various other mid-level bank sociopaths laughing and joking about rigging rates and screwing customers all over the world. From the WSJ:

In a July 2006 electronic chat, an unidentified Rabobank trader was informed about the bank's plans to set Libor "obscenely high" that day, according to an exchange cited by the Justice Department. The trader responded, "oh dear . . . my poor customers . . . . hehehe!!"

Here at home, virtually simultaneous to the Rabobank settlement, Fannie Mae filed a suit against nine banks - including Barclays Plc (BARC), UBS AG (UBSN), Royal Bank of Scotland Plc, Deutsche Bank AG, Credit Suisse Group AG, Bank of America, Citigroup and JPMorgan - for manipulating Libor, claiming that the mortgage-financing behemoth lost over $800 million due to manipulation of the benchmark rate by the banks.

And virtually simultaneous to that, JP Morgan Chase disclosed that it is currently the target of no fewer than eight federal investigations, for activities ranging from possible bribery of foreign officials in Asia to allegations of improper mortgage-bond sales to . . . the Libor mess.

 "The scope and breadth of risky practices at JPMorgan are mind-boggling," Mark Williams, a former Federal Reserve bank examiner, told Bloomberg.

The point of all of this is that any thought that the potential Chase settlement might begin a period of regulatory healing for it and other Wall Street banks appears to be wildly mistaken. If anything, the scope of potential liability for all the major banks, particularly in these market-rigging furors, appears to be growing in all directions.

A half-year ago, it looked like the chief villains in the Libor mess at least were going to get away with writing relatively small checks. Back in March, a major private class-action suit filed by a gaggle of plaintiffs against the banks for Libor manipulation was tossed by a federal judge here in the southern District of New York on the seemingly preposterous grounds that a bunch of banks getting together to monkey with the value of world interest rates in this biggest-in-history financial collusion case was somehow now an antitrust issue.

The banks in that case humorously implied that the victims might have done better to sue for fraud instead of manipulation ("The plaintiffs, I believe, are confusing a claim of being perhaps deceived," one bank lawyer put it, "with a claim for harm to competition"), and the judge seemed to agree.

Moreover, when the plaintiffs' lawyers tried to make a point about the seemingly key fact that a series of governments had already concluded settlements with the banks for manipulating Libor, the judge - the Hon. Naomi Rice Buchwald - mocked the plaintiffs' lawyers for trying to ride to civil victory on a wave of government settlements:

Wait a second. Your job here, as plaintiffs' counsel, looking for whopping legal fees, is not to piggyback on the government. Indeed, the reason that there are statutes that provide plaintiffs' counsel with attorney's fees is a recognition that the government has limited resources.

The banks must have thought they'd hit the lottery, with this potentially deadly Libor suit suddenly stopped dead in its tracks by a grumpy federal judge with an apparent distaste for plaintiff lawyers who collect "whopping" legal fees. So the victims tried to take a different tack, appealing to a federal panel in an attempt to allow them to file their suits against the banks on a state-by-state level.

But then, in a seemingly fatal blow to the private claims, the U.S. Judicial Panel on Multidistrict Litigation ruled in favor of the banks, sending the case right back into the courtroom of the same judge who'd dumped on the plaintiffs' lawyers and their "whopping fees."

That was just a month ago, at the beginning of October, and back then it seemed like the banks might somehow escape the Libor mess with their necks intact.

Now, a month later, yet another bank has been forced to cough up a billion dollars for Libor manipulation, Fannie Mae has filed a major suit on the same grounds, and the Guardian Care Homes case is not only alive but looking like a threat to cancel billions of dollars' worth of Libor-related contracts. Not only that, many of those same banks are being sucked into what potentially is an even uglier scandal involving currency manipulation.

One gets the feeling that governments in all the major Western democracies would like to sweep these manipulation scandals under the rug. The only problem is that the scale of the misdeeds in these various markets is so enormous that even the most half-assed attempt at regulation will cause a million-car pileup.

There's simply no way to do a damage calculation that won't wipe out the entire finance sector when you're talking about pervasive, ongoing manipulation of $5-trillion-a-day markets. That's the problem - there's no way to do a slap on the wrist in these cases. If they're guilty, they're done.

Source:

http://readersupportednews.org/opinion2/279-82/20271-chase-isnt-the-only-bank-in-trouble

[SIDEBAR:  Henry Kissinger made Nazis just like he is.  The Nazis have been very busy doing what Nazis do and World Earth noticed the internet made this time noticeably Nazi and / or Bolshevik behavior isn't Twenty-first Century.

Using propaganda to do the devil's workshop mind bending and the gender endocrine bent too.  Heinous needs a new deeper word meaning and evil-criminally-insane aren't nearly enough of describing the IT that thinks IT is above all laws set in the majority of minds in earth and this US-ZioCon cannibalism stops right now.  Or, the obvious collapse.]