Tuesday, October 11, 2011

Iran Denies Plot

Iran denies U.S. accusation of assassination plot

http://www.montrealgazette.com/news/world/Iran+denies+accusation+assassination+plot/5533943/story.html

TEHRAN — An aide to Iran's President Mahmoud Ahmadinejad on Tuesday denied U.S. allegations that the Islamic republic was involved in a plot to kill the Saudi envoy to Washington.

"This is a prefabricated scenario to turn public attention away from domestic problems within the United States," Ali Akbar Javanfekr, the president's press adviser, told AFP.

"The U.S. government and the CIA have a lot of experience in diverting public attention from domestic problems in the United States. We have to wait now to know the details of this prefabricated scenario to know the U.S. government's objectives," he said.

A spokesman for Iran's foreign ministry "strongly denied the false accusation of a plan to assassinate the Saudi ambassador in the United States," according to a statement quoted by the Fars news agency.

"This type of behaviour, based on old, hostile policies by the United States and Zionism, is a ridiculous scenario that aims to create divisions by enemies of Islam and of the region," he was quoted as saying.

"Relations between Iran and Saudi Arabia are based on mutual respect, and such a false accusation leads nowhere and will have no effect on public opinion," he said.

Washington said it had busted a plot conceived at high levels of Iran's revolutionary leadership to kill the Saudi ambassador, and vowed to hold Tehran to account.

The U.S. Justice Department charged two men with conspiring with factions of the Iranian government to carry out a deadly plot to blow up Ambassador Adel Al-Jubeir on American soil.

The criminal complaint named Manssor Arbabsiar, a 56-year-old naturalised U.S. citizen holding both Iranian and U.S. passports, and Gholam Shakuri, allegedly an Iran-based member of Iran's Quds Force.

U.S. Attorney General Eric Holder said the alleged plot was "conceived, sponsored and directed from Iran."

Iran and the United States broke off diplomatic relations more than 30 years ago after U.S. diplomats were taken hostage in Tehran by Islamic students.

Tensions have risen in recent years, notably over Tehran's controversial nuclear activities, which the United States fears is being used to develop an atomic arsenal under the guise of a civilian energy program.

Tehran has repeatedly denied that accusation.

The United States has imposed tough, unilateral sanctions on Iran on top of sanctions adopted by the UN Security Council.

Ties between Iran and Saudi Arabia have also deteriorated this year, principally because of Saudi military intervention in Bahrain to help that country's Sunni regime put down pro-democracy protests by members of the Shiite majority. Iran's population is also predominantly Shiite.

Read more: http://www.montrealgazette.com/news/world/Iran+denies+accusation+assassination+plot/5533943/story.html#ixzz1aVWzqW60

Iran 'Directed' Washington, D.C., Terror Plot, U.S. Says

http://abcnews.go.com/Blotter/us-iran-tied-terror-plot-washington-dc-disrupted/story?id=14711933



Manssor Arbabsiar, pictured here in a mugshot from a 2001 arrest for theft, has been named
in a federal complaint in an alleged Iran-backed plot to kill the Saudi Arabian ambassador to the U.S.

By RICHARD ESPOSITO and BRIAN ROSS (@brianross)
Oct. 11, 2011

FBI and DEA agents have disrupted a plot to commit a "significant terrorist act in the United States" tied to Iran, federal officials told ABC News today.

The officials said the plot included the assassination of the Saudi Arabian ambassador to the United States, Adel Al-Jubeir, with a bomb and subsequent bomb attacks on the Saudi and Israeli embassies in Washington, D.C. Bombings of the Saudi and Israeli embassies in Buenos Aires, Argentina, were also discussed, according to the U.S. officials.

U.S. Attorney General Eric Holder said in an announcement today that the plan was "conceived, sponsored and was directed from Iran" by a faction of the government and called it a "flagrant" violation of U.S. and international law.

"The U.S. is committed to holding Iran accountable for its actions," Holder said.

READ: U.S. Complaint in Alleged Iran-Directed Terror Plot (PDF)

FBI Director Robert Mueller said the arrest of a suspect in the plot shows the U.S. will "bring the full weight of [the] law to bear on those responsible" and that "any attempts on American soil will not be tolerated."

Senior White House officials said the U.S. currently does not have any information indicating that either Iranian Supreme Leader Ayatollah Ali Khamenei or President Mahmoud Ahmadinejad necessarily knew about the assassination plot and said the U.S. will pursue a path of response that would not include the possibility of an armed conflict with Iran.

Shortly after Holder publicly announced the foiled plot, the U.S. Treasury announced it was initiating sanctions against five people allegedly connected to the plot.

The stunning allegations come against a backdrop of longstanding tensions between Iran and the United States and Saudi Arabia. In the last year, Saudi Arabia has attempted to build an anti-Iran alliance to push back against perceived aggression by Iran in the region.

An Iranian representative in Washington, D.C., told ABC News the U.S. government's story was "fake" but declined to provide any other information.

In a pair of reports on different Iranian state-sponsored news outlets, Iranian officials rejected the charges, calling the plot a "prefabricated scenario" and the start of a "new propaganda campaign against Iran."

The State Department has listed Iran as a "state sponsor" of terror since 1984. Officials in Argentina have said Iran was behind an attack on the Israeli embassy in Buenos Aires in 1992.

Private Federal Reserve

Friday, October 7, 2011

Goldman Food Crisis

Regulating DERIVATIVES could lower price of food http://www.youtube.com/watch?v=Q902BFhlx38

Food prices have gone up dramatically trough speculation on the commodities future market. MUST SEE!: http://www.youtube.com/watch?v=344elODZbAY

The Food Bubble: How Wall Street Starved Millions and Got Away With It http://www.democracynow.org/2010/7/16/the_food_bubble_how_wall_street

Johann Hari: How Goldman gambled on starvation http://www.independent.co.uk/opinion/commentators/johann-hari/johann-hari-how-goldman-gambled-on-starvation-2016088.html


Leaked Cable: Hike food prices to boost GM crop approval in Europe http://www.activistpost.com/2010/12/leaked-cable-hike-food-prices-to-boost.html


The 25 Countries That Will Be Screwed By A World Food Crisis http://www.businessinsider.com/food-inflation-crisis-2010-11

Worldwide Food Crisis Looms As Forecasters Predict Record High Prices http://preventdisease.com/news/10/102910_worldwide_food_crisis.shtml

Food prices drive China’s inflation rate to two-year high http://www.sott.net/articles/show/218516-Food-prices-drive-China-s-inflation-rate-to-two-year-high

Hungary Inflation Rate Rises More Than Economists Forecast on Food Prices http://www.bloomberg.com/news/2010-11-11/hungary-inflation-rate-rises-more-than-economists-forecast-on-food-prices.html


VERY IMPORTANT INFO CAUSE OIL ALSO DETERMINES FOOD PRICES AND GOLDMAN IS DOING IT AGAIN – HIKING OIL:

How Goldman Sachs Decides the Oil Price at Wish with ROUND-TRIP TRADES http://www.ktradionetwork.com/wealth/goldman-sachs-oil-scam-passes-25-trillion/

Goldman’s $500 billion fraud on the people of the world http://www.forbes.com/forbes/2009/0413/096-sachs-semgroup-goldman-goose-oil.html

h/t Stacy Herbert


The 25 Countries That Will Be Screwed By A World Food Crisis http://www.businessinsider.com/food-inflation-crisis-2010-11

Worldwide Food Crisis Looms As Forecasters Predict Record High Prices http://preventdisease.com/news/10/102910_worldwide_food_crisis.shtml

Quote from: Worldwide Food Crisis Looms As Forecasters Predict Record High Prices, October 29, 2010

“They say this is particularly possible if the price of OIL JUMPS, if there are further CLIMATE SHOCKS – suchas the FLOODS IN PAKISTAN or the HEATWAVE IN RUSSIA – or if SPECULATORS buy deeper into global food markets.”

GODAMN!!!! We had all of them!!!

World Food Prices Surge to Record, Passing Levels That Sparked 2008 Riots
5 January 2011
, by Rudy Ruitenberg (Bloomberg)
http://www.bloomberg.com/news/2011-01-05/global-food-prices-climb-to-record-on-cereal-sugar-costs-un-agency-says.html

Excerpt:

World food prices rose to a record in December on higher sugar, grain and oilseed costs, the United Nations said, exceeding levels reached in 2008 that sparked deadly riots from Haiti to Egypt.

An index of 55 food commodities tracked by the Food and Agriculture Organization gained for a sixth month to 214.7 points, above the previous all-time high of 213.5 in June 2008, the Rome-based UN agency said in a monthly report. The gauges for sugar and meat prices advanced to records.

Sugar climbed for a third year in a row in 2010, and corn jumped the most in four years in Chicago. Food prices may rise more unless the world grain crop increases “significantly” in 2011, the FAO said Nov. 17. At least 13 people died last year in Mozambique in protests against plans to lift bread prices.

“There is still, unfortunately, the potential for grain prices to strengthen on the back of a lot of uncertainty,” Abdolreza Abbassian, senior economist at the FAO, said by phone from Rome today. “If anything goes wrong with the South American crop, there is plenty of room for them to increase.”

White, or refined, sugar traded at $752.70 a metric ton at 11:53 a.m. on NYSE Liffe in London, compared with $383.70 at the end of June 2008. Corn, which added 52 percent last year on the Chicago Board of Trade, was at $6.01 a bushel, down from $7.57 in June 2008. Soybeans were at $13.6325 a bushel, against $15.74 at the close of June 2008.

Demand From China

The cost of food climbed 25 percent from a year earlier in December, based on the FAO figures, after Chinese demand strengthened and Russia’s worst drought in a half-century devastated grain crops. The agency’s food-price indicator rose from 206 points in November.

Last month’s year-on-year rise compares with the 43 percent jump in food costs in June 2008. Record fuel prices, weather- related crop problems, increasing demand from the growing Indian and Chinese middle classes, and the push to grow corn for ethanol fuel all contributed to the crisis that year.

“In 2008 we had rapid increases in petroleum prices, fertilizer prices and other inputs,” Abbassian said. “So far, those increases have been rather constrained. It doesn’t really reduce the fear about what could be in store in the coming weeks or months.”

New York-traded crude was last at $88.44 a barrel, compared with $140 at the end of June 2008. Bulk urea pellets, used in fertilizer as a source of nitrogen, were at $320 a ton in the last week of December, against $460 in June 2008.

Food prices have gone up dramatically trough speculation on the commodities future market.

Global food bubble on the way http://www.youtube.com/watch?v=344elODZbAY

The financial deregulation of 2000 caused more players entering the market like hedge funds pension funds etc. In the past you had to hold the actual food but that has been de-linked. You don’t need to hold the food anymore it’s just OTC paper now.

In the 18 months between between Jan 2007 – June 2008 rice went up 320%, Wheat went up 240%, Mais 280%. Which are all crazy food price increases!

These price increases have nothing to do with the production or the demand of food but are purely speculative driven.

This created a commodity bubble. In June 2008 the commodity bubble bursted and food prices collapsed.

But since March 2009 we see food prices rising again for the same reason.

The OTC -Food market is acting like any other market now, very unpredictable and not of any help to farmers for knowing what to plant next year or consumers for that matter.

It's all due to Neo-Liberalistic Fundamental Predatory Market De- regulation which has opened the Shark Cage for hedge funds etc.. http://www.youtube.com/watch?v=50dVhd4dmp8

“Rising freight costs constitutes another factor behind higher bills in 2010, putting additional pressure on countries’ ability to cover their import costs,” the FAO said.

Nation's Food System Nearly Broke http://www.commondreams.org/view/2009/02/27-5

Kissinger’s 1974 Plan for Food Control Genocide, 8 December 1995, by Joseph Brewda (MarketWatch) http://community.marketwatch.com/groups/us-politics/topics/kissingers-1974-plan-food-control

Food and Depopulation: Rockefeller Family, 8 June 2010, by Cassandra Anderson (Infowars) http://www.infowars.com/food-and-depopulation-rockefeller-family/

How food and water are driving a 21st-century African land grab http://www.guardian.co.uk/environment/2010/mar/07/food-water-africa-land-grab

Jim Rogers Rotates From Gold To Rice, Sets Foundation For Next Bubble http://www.zerohedge.com/article/jim-rogers-rotates-gold-rice-sets-foundation-next-bubble

Unilever chief warns over global crisis in food output
15 January 2011
, by Kamal Ahmed (The Telegraph)
http://www.telegraph.co.uk/finance/financetopics/davos/8261856/Unilever-chief-warns-over-global-crisis-in-food-output.html

Excerpt:

The chief executive of one of the world's largest food producers is to warn that the global crisis in food production is reaching "dangerous territory" with prices soaring and demand outstripping supply.

In a speech on Tuesday, Paul Polman, the chief executive of Unilever, will say that market distortions created by European Union subsidies work against the needs of the developing world.

He will also demand fewer subsidies for harmful first-generation bio-fuels and say that climate change must be tackled by companies changing to sustainable models of agriculture.

In an interview with The Sunday Telegraph Mr Polman said that short-term speculators were also driving up prices. "One of the main things in food inflation is that it has attracted speculators for short-term profit at the expense of people living a dignified life," Mr Polman said.

"It is difficult to understand if you want to work for the long-term interests of society." He revealed he had spoken to the European Commission's commissioner for internal markets, Michel Barnier, about the issue. Mr Polman says SPECULATORS SHOULD BE FORCED TO DISCLOSE THEIR POSITIONS.

New age of intervention in food prices
17 January 2011
, by Rowena Mason (The Telegraph)
http://www.telegraph.co.uk/finance/economics/8262838/New-age-of-intervention-in-food-prices.html

Excerpt:

Worries over food prices are gathering pace and triggering alarm among politicians across the world. For there is nothing more likely to bring down a government than ignoring starving citizens.

In India, people are upset about onions. Expensive cooking oil is causing hoarding in China, a practice banned by the government. Meanwhile, flour and bread are the main source of riots in Algeria and now Jordan.

Worries over food prices are gathering pace and triggering alarm among politicians across the world. For there is nothing more likely to bring down a government than ignoring starving citizens, as Marie Antoinette found to her cost during the French Revolution and the Tunisian ruler found this week when he was toppled by rioting protestors.

Rice, the main food of most Asian countries, is seeing relatively stable prices thanks to good harvests from Thailand. It is countries reliant on wheat, the biggest global staple, that are likely to see the most civil discontent, especially in Africa.

Ironically, global stockpiles of wheat are higher than they have been in years, despite the fact that the price has hit a record of more than £200 per tonne in London, having risen 90% during last year.

Part of the problem is that the food isn't going where it's needed. And partly futures prices are rising on fear of supply shortages to come.

----

"With wheat it's fundamentally not that bullish. If you look back historically we're seeing some of the highest stock levels in a while. But there's a number of things at play. Generally prices of corn and wheat tend to move somewhat together because you can choose to plant one or the other."

Corn is the agricultural commodity expected to rise the most this year and is already more than $6 (£3.78) a bushel – the highest level since the financial crisis. It has increased by 67pc, as China started importing the grain for the first time in years and crops failed in bad weather.

Farmers have therefore decided to plant corn because the price is higher, causing a drop in available acreage for wheat.

"The second thing is weather events in wheat so the availability of exports is just not there," says Ms Fitzpatrick. "There's a risk from La NiƱa [the climate pattern] in South America and some of the forecasts from the US still look overstated. The story is that production levels are dipping quite dramatically."

It's not just corn and wheat that are soaring. When the price of grains begin to rise, the cost of feeding animals does as well. Prices for cattle, pork bellies and lean hog futures are up between 19% and 26%, with farmers reporting a 20-year peak.

----

One consequence of fears about food prices is the likelihood that governments will start to get more involved in the market.

----

There will also probably be a closer look at the role of financial trading in soft commodities, especially exchange-traded funds that hold physical stocks of food that could be used to feed people rather than as an investment asset.

Charles Robertson, global chief economist at Renaissance Capital, says: "Speculation certainly played a role in 2008. Traders who'd never touched soft commodities bought into the argument that the global population is growing and people are eating more meat and the story that surely we'll run out of food. One thing we can be sure about is that the debate over food prices going to get more ideological."

A Food Chart To Keep Handy
20 January 2011
, by Joe Weisenthal (Business Insider)
http://www.businessinsider.com/food-as-a-percentage-of-cpi-in-various-countries-2011-1

Excerpt:

From Morgan Stanley's latest Global Monetary Analyst report, this chart will give you an indication of where food price rises will hit the most.



Food prices are not driven by increased demand, but increased supply (of leverage)
31 January 2011
, by Max Keiser (maxkeiser.com)
http://maxkeiser.com/2011/01/31/food-prices-are-not-driven-by-increased-demand-but-increased-supply-of-leverage/

The food riots happening all over the world including the riots in London, Dublin, and Athens – although not currently labeled ‘food riots’ will soon be – are not due to a sudden demand for food.

The demand for food in Egypt and Tunisia did not jump 100 – 200% over the past few years.

No, but that supply of credit has. Credit used as leverage to speculate in the food futures markets, principally in the U.S.

So the use of the term ‘inflation’ is misguided when describing the price action in food. Inflation refers to rising wages, job growth, interest rates and capacity utilization; none of which we are seeing.

In terms of the real economy; the economy that people experience day-to-day – the correct term would be deflation – as in deflating house prices, bank balance sheets, wages, jobs, and capacity utilization.

The rate at which the globe’s balance sheet is deflating is higher than the amount of credit being expanded with the net result being deflation but this does not stop the new credit that is being created (and at Davos they floated the idea of expanding credit by 100 trillion) to be used by countries like the US in an imperial, neo-colonial bid to bankrupt countries around the world and seize what assets they can.

150 years ago, the powers that be killed 60 mn. buffalo roaming the West as a way to wipe out the competition.

Today, by jacking up food prices using free money – to prices that wipe out millions through starvation – will accomplish the same thing.

Americans of course will not benefit from these policies uniformly.

In fact, those in the middle and lower classes will probably get wiped out just like the folks in Tunisia, Egypt, Ireland and Greece (not to mention South Dakota, North Dakota, Wyoming, and California).

The Egyptian Tinderbox: How Banks and Investors Are Starving the Third World
3 February 2011
, by Ellen Hodgson Brown J.D. (Truthout)
http://www.truth-out.org/the-egyptian-tinderbox-how-banks-and-investors-are-starving-third-world67424

Excerpt:

"What for a poor man is a crust, for a rich man is a securitized asset class." -Futures trader Ann Berg, quoted in The Guardian UK.

Underlying the sudden, volatile uprising in Egypt and Tunisia is a growing global crisis sparked by soaring food prices and unemployment. The Associated Press reports that roughly 40 percent of Egyptians struggle along at the World Bank-set poverty level of under $2 per day. Analysts estimate that food price inflation in Egypt is currently at an unsustainable 17 percent yearly. In poorer countries, as much as 60 to 80 percent of people's incomes go for food, compared to just 10 to 20 percent in industrial countries. An increase of a dollar or so in the cost of a gallon of milk or a loaf of bread for Americans can mean starvation for people in Egypt and other poor countries.

Follow the Money

The cause of the recent jump in global food prices remains a matter of debate. Some analysts blame the Federal Reserve's "quantitative easing" program (increasing the money supply with credit created with accounting entries), which they warn is sparking hyperinflation. Too much money chasing too few goods is the classic explanation for rising prices.

The problem with that theory is that the global money supply has actually shrunk since 2006, when food prices began their dramatic rise. Virtually all money today is created on the books of banks as "credit" or "debt," and overall lending has shrunk. This has occurred in an accelerating process of deleveraging (paying down or writing off loans and not making new ones), as the subprime housing market has collapsed and bank capital requirements have been raised. Although it seems counterintuitive, the more debt there is, the more money there is in the system. As debt shrinks, the money supply shrinks in tandem.

That is why government debt today is not actually the bugaboo it is being made out to be by the deficit terrorists. The flipside of debt is credit, and businesses run on it. When credit collapses, trade collapses. When private debt shrinks, public debt must therefore step in to replace it. The "good" credit or debt is the kind used for building infrastructure and other productive capacity, increasing the Gross Domestic Product (GDP) and wages; and this is the kind governments are in a position to employ. The parasitic forms of credit or debt are the gamblers' money-making-money schemes, which add nothing to GDP.

Prices have been driven up by too much money chasing too few goods, but the money is chasing only certain selected goods. Food and fuel prices are up, but housing prices are down. The net result is that overall price inflation remains low.

While quantitative easing may not be the culprit, Fed action has driven the rush into commodities. In response to the banking crisis of 2008, the Federal Reserve dropped the Fed funds rate (the rate at which banks borrow from each other) nearly to zero. This has allowed banks and their customers to borrow in the US at very low rates and invest abroad for higher returns, creating a dollar "carry trade."

Meanwhile, interest rates on federal securities were also driven to very low levels, leaving investors without that safe, stable option for funding their retirements. "Hot money" - investment seeking higher returns - fled from the collapsed housing market into anything but the dollar, which generally meant fleeing into commodities.

On the Edge with Max Kaiser-World oil markets & their structure-02-04-2011-(Part1) http://www.youtube.com/watch?v=osjLSIgNLl8

On the Edge with Max Kaiser-World oil markets & their structure-02-04-2011-(Part2) http://www.youtube.com/watch?v=LvzWGc28beY

On the Edge with Max Kaiser-World oil markets & their structure-02-04-2011-(Part3) http://www.youtube.com/watch?v=noGXJoYxQrM


Oil price is decided upon from a London office. look up "ROUND-TRIP TRADES"

Social cost of food speculation
http://www.youtube.com/watch?v=WUQnDGYupeE

How Goldman Sachs Created the Food Crisis
27 April 2011
, by Frederick Kaufman (Foreign Policy)
http://www.foreignpolicy.com/articles/2011/04/27/how_goldman_sachs_created_the_food_crisis

Excerpt:

Don't blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street's at fault for the spiraling cost of food.

----

What was happening to the grain markets was not the result of "speculation" in the traditional sense of buying low and selling high. Today, along with the cumulative index, the Standard & Poors GSCI provides 219 distinct index "tickers," so investors can boot up their Bloomberg system and bet on everything from palladium to soybean oil, biofuels to feeder cattle. But the boom in new speculative opportunities in global grain, edible oil, and livestock markets has created a vicious cycle. The more the price of food commodities increases, the more money pours into the sector, and the higher prices rise. Indeed, from 2003 to 2008, the volume of index fund speculation increased by 1,900 percent. "What we are experiencing is a demand shock coming from a new category of participant in the commodities futures markets," hedge fund Michael Masters testified before Congress in the midst of the 2008 food crisis.

The result of Wall Street's venture into grain and feed and livestock has been a shock to the global food production and delivery system. Not only does the world's food supply have to contend with constricted supply and increased demand for real grain, but investment bankers have engineered an artificial upward pull on the price of grain futures. The result: Imaginary wheat dominates the price of real wheat, as speculators (traditionally one-fifth of the market) now outnumber bona-fide hedgers four-to-one.

Today, bankers and traders sit at the top of the food chain -- the carnivores of the system, devouring everyone and everything below. Near the bottom toils the farmer. For him, the rising price of grain should have been a windfall, but speculation has also created spikes in everything the farmer must buy to grow his grain -- from seed to fertilizer to diesel fuel. At the very bottom lies the consumer. The average American, who spends roughly 8 to 12 percent of her weekly paycheck on food, did not immediately feel the crunch of rising costs. But for the roughly 2-billion people across the world who spend more than 50 percent of their income on food, the effects have been staggering: 250 million people joined the ranks of the hungry in 2008, bringing the total of the world's "food insecure" to a peak of 1 billion -- a number never seen before.

What's the solution? The last time I visited the Minneapolis Grain Exchange, I asked a handful of wheat brokers what would happen if the U.S. government simply outlawed long-only trading in food commodities for investment banks. Their reaction: laughter. One phone call to a bona-fide hedger like Cargill or Archer Daniels Midland and one secret swap of assets, and a bank's stake in the futures market is indistinguishable from that of an international wheat buyer. What if the government outlawed all long-only derivative products, I asked? Once again, laughter. Problem solved with another phone call, this time to a trading office in London or Hong Kong; the new food derivative markets have reached supranational proportions, beyond the reach of sovereign law.

Volatility in the food markets has also trashed what might have been a great opportunity for global cooperation. The higher the cost of corn, soy, rice, and wheat, the more the grain producing-nations of the world should cooperate in order to ensure that panicked (and generally poorer) grain-importing nations do not spark ever more dramatic contagions of food inflation and political upheaval. Instead, nervous countries have responded instead with me-first policies, from export bans to grain hoarding to neo-mercantilist land grabs in Africa. And efforts by concerned activists or international agencies to curb grain speculation have gone nowhere. All the while, the index funds continue to prosper, the bankers pocket the profits, and the world's poor teeter on the brink of starvation.



Oppenheimer's Fadel Gheit Accuses Goldman Of Manipulating Crude Market
25 May 2011
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/oppenheimers-fidel-gheit-accuses-goldman-manipulating-crude-market

Oppenheimer's Fadel Gheit on Goldman Sachs and Morgan Stanley manipulating the oil market http://www.youtube.com/watch?v=XjACwCoWgm8

Ex-Fed insider: Oil runup partly bank’s fault - Reinhart tells U.S. House that Fed contributing to higher inflation
25 May 2011
, by Jeffry Bartash - Washington (MarketWatch)
http://www.marketwatch.com/story/ex-fed-insider-oil-runup-partly-banks-fault-2011-05-25

A former high-ranking Federal Reserve official told Congress on Wednesday that higher oil prices and rising inflation are “partly a predictable byproduct” of the bank’s effort to goose the U.S. economy.

In testimony before the House, former central banker Vincent Reinhart said the Fed helped to stoke oil prices by its controversial multibillion-dollar strategy to boost the economy, known as quantitative easing.

Goldman Caught Manipulating Brent/WTI Spread: Penalty: $40,340
20 June 2011
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/article/goldman-caught-manipulating-brentwti-spread-penalty-40340

Coca-Cola Accuses Goldman Sachs Of Manipulating Metal Prices: WSJ
20 June 2011
, by James Sunshine (The Huffington Post)
http://www.huffingtonpost.com/2011/06/20/goldman-sachs-reportedly-manipulating-commodities_n_880379.html

Nestle chief warns of new food riots
7 October 2011
, (AFP)
http://www.france24.com/en/20111007-nestle-chief-warns-new-food-riots

The head of the world's biggest food company Nestle said on Friday that rising food prices have created conditions "similar" to 2008 when hunger riots took place in many countries.


IMF Same Exact Four-Step Program http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/

1.0 Privatization ‘Briberization.’

2.0 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.

3.0 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas.

3.5 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”



Gasoline passes gold as year’s best commodity: S&P http://www.marketwatch.com/story/gasoline-passes-gold-as-years-best-commodity-sp-2011-10-07



Truth On WallStreet

Finally!

Thursday, October 6, 2011

200 Billion Dollars

The Bank of England injects £75bn through quantitative easing (BBC)



The Bank has already pumped £200bn into the economy by buying assets such as government bonds, in an attempt to boost lending by commercial banks.





But this is the first time it has added to its QE programme since 2009. There have been recent calls for it to step in again to aid the fragile recovery.

The Bank also held interest rates at the record low of 0.5%.

On Wednesday, data showed the UK economy grew by 0.1% between April and June, which was less than previously thought.

"In the United Kingdom, the path of output has been affected by a number of temporary factors, but the available indicators suggest that the underlying rate of growth has also moderated," the Bank said in a statement.

"The deterioration in the outlook has made it more likely that inflation will undershoot the 2% target in the medium term.

"In the light of that shift in the balance of risks, and in order to keep inflation on track to meet the target over the medium term, the committee judged that it was necessary to inject further monetary stimulus into the economy."

Sterling fell by almost two cents after the announcement to $1.5280, its lowest since late July 2010.

'Warranted'

The CBI and the British Chambers of Commerce (BCC) business groups welcomed the Bank's move to expand the QE programme to £275bn, but said that on its own, its impact would be limited.

"This measure will help support confidence, but we need to recognise that its impact on near term growth prospects is likely to be relatively modest," said Ian McCafferty, the CBI's chief economic adviser.

"Only once the turmoil in the eurozone is resolved will confidence be fully restored."

David Kern, chief economist at the BCC, said: "Higher QE on its own is not enough and we urge the MPC [Monetary Policy Committee] to look at other radical methods.

"There is a strong case for the MPC to help boost bank lending to businesses by immediately raising its purchases of private sector assets."

The manufacturers' organisation, the EEF, said that the Bank's decision to act now, before the third-quarter estimates of GDP and its latest inflation forecast were released, "would indicate that members believed immediate action was warranted in order to head off a deteriorating growth outlook".

However, the National Association of Pension Funds (NAPF) is calling for an urgent meeting with the pensions regulator to discuss ways of protecting UK pension funds from the negative effects of QE.

QE tends to push down long-term bond yields, therefore reducing the return on the investments made by pension schemes.

"Quantitative easing makes it more expensive for employers to provide pensions and will weaken the funding of schemes as their deficits increase," said Joanne Segars, chief executive of the NAPF.

"All this will put additional pressure on employers at a time when they are facing a bleak economic situation."

Complementary actions

The governor of the Bank of England, Mervyn King, wrote to the chancellor earlier on Thursday, setting out the MPC's case for expanding the asset purchasing programme.

In his letter of response, in which he authorised the move, Chancellor George Osborne said: "I agree that an increase in the ceiling would provide the MPC with scope to vary the stance of monetary policy to meet the inflation target."

In his speech to the Conservative Party conference earlier in the week, Mr Osborne said that the Treasury would look into "credit easing" - a way to underwrite loans to small businesses who are struggling to get credit now.

He confirmed this in his letter to Mr King: "Given evidence of continued impairment in the flow of credit to some parts of the real economy, notably small and medium-sized businesses, the Treasury is exploring further policy actions. Such interventions should complement the MPC's asset purchases."

http://www.bbc.co.uk/news/business-15196078

Asian stocks higher on ECB, Bank of England moves

By KELVIN CHAN, AP Business Writer – 3 hours ago

HONG KONG (AP) — Asian stocks climbed Friday after Europe's move to backstop troubled banks and Britain's plan to pump more stimulus into its fading economy gave a boost to confidence.

After a week of wild gyrations stemming from Europe's debt crisis, investors in Asia reacted positively to news that the Bank of England will turn on its stimulus taps and that the European Central Bank will offer new short-terms to banks that are facing difficulties securing funding.

Hong Kong's Hang Seng index leaped 3.5 percent to 17,778.34 after surging 5.7 percent the day before while South Korea's Kospi index jumped 2.9 percent to 1,760.31.

Japan's Nikkei index rose 1.4 percent to 8,640.34 after the country's central bank said the economy is "picking up" and predicted an eventual return to a moderate recovery.

Benchmarks in Taiwan, Singapore, Australia and New Zealand also advanced. Markets in mainland China were closed for a weeklong holiday.

"We're seeing a lot of buying today basically because markets have bounced off their lows so a lot of people are covering their shorts ahead of the weekend" before stock prices increase further, said Andrew Sullivan, a sales trader at Piper Jaffray Asia Securities Ltd. in Hong Kong.

Short sellers borrow a stock to sell and "cover their shorts" when they buy it back at a lower price, pocketing the difference when it is returned to the lender.

"There was positive news out of the U.K., out of Europe on the banking side certainly and that spurred a run on the U.S. banks being positive as well," Sullivan said.

European and U.S. bank stocks gained after the ECB and Bank of England announcements on Thursday. The moves gave hope to global financial markets and were a sharp turnaround from the beginning of the week, when stocks tumbled on fears that European policymakers were acting slowly and indecisively to contain the debt crisis.

The ECB offered new unlimited emergency short-term loans to the continent's battered banks, which have faced difficulties borrowing from each other because of worries about each other's financial stability.

The ECB will also buy up to euro40 billion ($53 billion) in covered bonds, an important source of funding for banks. But it held interest rates steady, disappointing some economists who had hoped for a cut.

On the same day, the Bank of England said it would pump another 75 billion pounds ($116 billion) into the country's stagnant economy, reviving an asset purchase program that injected 200 billion pounds from March 2009 to January 2010. The Bank's decision came earlier and was bigger than many economists had predicted.

A U.S. report later Friday on September employment will provide guidance on the state of the economic recovery. Investors are looking closely for any clues ahead of its release.

Piper Jaffray's Sullivan said that in a speech on Thursday U.S. President Barack Obama "criticized Europe for dithering over Greece and its banks."

"To some people that might indicate that jobs number is going to be worse than the market is expecting."

In currencies, the euro was marginally higher at $1.3430 from $1.3429 late Thursday. The dollar inched up to 76.62 yen from 76.61.

Oil prices rose, with benchmark crude for November delivery up 34 cents, or 0.4 percent, to $82.95. The contract jumped $2.91, or 3.7 percent, to finish at $82.59 per barrel in New York on Thursday. Brent crude rose 27 cents, or 0.3 percent, to $106.00 in London.

Copyright © 2011 The Associated Press. All rights reserved.

http://is.gd/feXneg

Markets respond sharply to Bank decision

By David Oakley, Capital Markets Correspondent

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/620c6ad6-f032-11e0-977b-00144feab49a.html#ixzz1a4iRDzsp

Financial markets moved sharply in response to the Bank of England’s decision to launch a second round of quantitative easing.

Sterling and gilt yields fell and inflation expectations rose in what represented an initial success for the policy of buying another £75bn in gilts to stimulate growth.

High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/620c6ad6-f032-11e0-977b-00144feab49a.html#ixzz1a4ixbp84

However, investors warned that the Bank may need to launch another round of QE to revive a lifeless economy that is on the verge of a double-dip recession.

Jim Leaviss, head of retail fixed interest at M&G Investments, said: “I think the Bank will go on doing QE until the economy starts growing strongly – and they may need to.”

Sterling fell to its lowest point against the dollar since July 2010 after the announcement of plans to buy gilts over the next four months, as many in the markets had expected the Bank to limit its purchases to £50bn and delay the announcement until November.

The pound immediately dropped 1.3 per cent to a 14-month low against the dollar. By the end of the London trading day, it had recovered some of its losses and was down 0.5 per cent to $1.5388.

Ten-year gilt yields fell to 2.23 per cent at one point, close to 100-year lows, according to Bank of England data. Two-year gilt yields fell to 48 basis points and 30-year yields dropped to 3.35 per cent – lows since 1989, or as far back as available data goes for these maturities.

Gilt yields ended the day higher for some maturities because of rising confidence in global markets, which tend not to favour UK government bonds that are seen as a haven and a so-called risk-off trade.

However, gilts sharply outperformed German Bunds in a sign of the influence of the Bank’s decision.

Inflation expectations also rose sharply as another stimulus from gilts purchases should boost growth and prices on the high street. Inflation expectations increased to 2.46 per cent annually over the next five years compared with 2.37 per cent the day before.

The question for investors is whether the fall in gilt yields will reduce borrowing costs for companies and encourage banks to lend more to small businesses. Doubts also remain over the effectiveness of the policy a second time round.

Gilts and sterling did not react as sharply as they might have because many in the market had expected QE, which means the policy stimulus may not drive yields or the currency much lower.

John Wraith, fixed-income strategist at BofA Merrill Lynch, said: “This is welcome in terms of the outlook for the economy, which needed the stimulus but the fact the Bank is doing it shows the trouble the economy is in. There is a real danger of a double-dip recession, which could see gilt yields and sterling fall lower. There comes a point where gilt yields become too low for comfort, implying a persistently subdued economy.”

http://www.ft.com/cms/s/0/620c6ad6-f032-11e0-977b-00144feab49a.html#axzz1a4i6LZYr




And the DOW is just hanging at 11,000-- Sitting at 11 , 123 . 33



Thursday, September 29, 2011

Tuesday, September 27, 2011

Its Going Down

Saturday, September 24, 2011

World Revolution

Not seen on TV

Clear Present Danger

The TSA is a CLEAR and PRESENT DANGER.

CAUGHT:


TSA Criminals Caught Stealing Cash, Arrested for Assault
http://www.infowars.com/tsa-criminals-caught-stealing-cash-arrested-for-assault/

TSA Agent Caught With Passenger’s iPad in His Pants
http://www.infowars.com/tsa-agent-caught-with-passenger%E2%80%99s-ipad-in-his-pants/

TSA agents, cops arrested for drug trafficking
http://www.infowars.com/tsa-agents-cops-arrested-for-drug-trafficking/

TSA Agent Poses As Cop To Harass Woman
http://www.infowars.com/tsa-agent-poses-as-cop-to-harass-woman/

10,000 Child Porn Images Found On Ex-TSA Worker’s Computer
http://www.infowars.com/10000-child-porn-images-found-on-ex-tsa-worker%e2%80%99s-computer/

Big Sis Photocopies Credit Cards, Confiscates Christmas Calendars
http://www.infowars.com/big-sis-photocopies-credit-cards-confiscates-advent-calendars/

TSA morons conduct bomb drill in Minnesota airport, but don’t tell police
http://www.infowars.com/tsa-morons-conduct-bomb-drill-in-minnesota-airport-but-dont-tell-police/

Airport Worker Caught Ogling Image of Woman on Naked Body Scanner
http://www.infowars.com/airport-worker-caught-ogling-image-of-woman-on-naked-body-scanner/

TSA Abuses: Seeing the Forest and the Trees
http://www.infowars.com/tsa-abuses-seeing-the-forest-and-the-trees/

Female Blogger Threatened With Defamation Suit For Blogging About TSA ‘Rape’
http://www.infowars.com/female-blogger-threatened-with-defamation-suit-for-blogging-about-tsa-rape/

Fourth Amendment Trashed As Airport Tyranny Hits The Streets
http://www.infowars.com/fourth-amendment-trashed-as-airport-tyranny-hits-the-streets/



TSA screener accused of stealing from handicapped woman at Newark Airport
http://www.infowars.com/tsa-screener-accused-of-stealing-from-handicapped-woman-at-newark-airport/

Full-Body Scanners to Fry Travelers With Radiation
http://www.infowars.com/full-body-scanners-to-fry-travelers-with-radiation/

Baby sent though airport X-ray machine
http://www.infowars.com/articles/ps/airport_security_baby_sent_through_x_ray_machine.htm

ADMIT:

TSA Workers Admit To Stealing Huge Amounts Of Cash From Passengers
http://www.infowars.com/tsa-workers-admit-to-stealing-huge-amounts-of-cash-from-passengers/

TSA Admits Lying About Naked Boy Controversy
http://www.infowars.com/tsa-admits-lying-about-naked-boy-controversy/

Feds admit storing checkpoint body scan images
http://www.infowars.com/feds-admit-storing-checkpoint-body-scan-images/

TSA Admits ‘Bad Judgment’ After Disabled Man Subjected to Airport Pat-Down
http://www.infowars.com/tsa-admits-bad-judgment-after-disabled-man-subjected-to-airport-pat-down/

TSA Admits Placing Cocaine In Woman’s Luggage
http://www.infowars.com/tsa-admits-placing-cocaine-in-womans-luggage/

TSA Letter Confirms Naked Body Scanners Transmit Images
http://www.infowars.com/tsa-letter-confirms-naked-body-scanners-transmit-images/

The TSA Follies
http://www.infowars.com/the-tsa-follies/

The Colossal Deceit Known As The Underwear Bomber Case
http://www.infowars.com/the-colossal-deceit-known-as-the-underwear-bomber-case/

Quote from: "The Colossal Deceit Known As The Underwear Bomber Case" Article
5. TSA admitted knowledge of the threat while the flight was over Canada/Atlantic Ocean. No measures were taken to notify the pilot or to divert the flight for an emergency landing elsewhere.

OTHER:

Mom Arrested After Refusing TSA Molestation of Daughter
http://www.infowars.com/mom-arrested-after-refusing-tsa-molestation-of-daughter/

TSA Lied to Lawmakers: Still Conducting Pat Downs on Children
http://www.infowars.com/tsa-chief-pistole-should-face-felony-charges-for-lying-to-lawmakers/

TSA Incident Proves Authorities Are Engaged In Monumental Body Scanner Cover-Up
http://www.infowars.com/tsa-incident-proves-authorities-are-engaged-in-monumental-body-scanner-cover-up/

Man Harassed By TSA Over Urostomy Bag Targeted Again
http://www.infowars.com/man-harassed-by-tsa-over-urostomy-bag-targeted-again/

‘Sorry, ma’am, but your hair might contain explosives’: Now TSA agents demand to search woman’s afro
http://www.infowars.com/sorry-maam-but-your-hair-might-contain-explosives-now-tsa-agents-demand-to-search-womans-afro/

Another TSA Employee Accused of Rape
http://www.infowars.com/another-tsa-employee-accused-of-rape/

TSA Lies Again Over Capture, Storage Of Body Scanner Images
http://www.infowars.com/tsa-lies-again-over-capture-storage-of-body-scanner-images/

TSA Now Forcing Opt-Outs To Walk Through Body Scanners
http://www.infowars.com/tsa-now-forcing-opt-outs-to-walk-through-body-scanners/

CFR’s Foreign Policy: Homeland Security Hasn’t Made Us Safer
http://www.infowars.com/cfrs-foreign-policy-homeland-security-hasnt-made-us-safer/

70% in NBC New York poll ‘furious’ at arrival of airport body scanners
http://www.infowars.com/nbc-ny-poll-shows-70-of-new-yorkers-furious-at-arrival-of-airport-body-scanners/

TSA needs false flag security incident to convince Americans to accept obscene pat-downs
http://www.infowars.com/tsa-needs-false-flag-security-incident-to-convince-americans-to-accept-obscene-pat-downs/

Surprise! TSA Is Searching Your Car, Subway, Ferry, Bus, AND Plane
http://www.infowars.com/surprise-tsa-is-searching-your-car-subway-ferry-bus-and-plane/

Ron Paul Unleashes On TSA: “Enough Is Enough”
http://www.infowars.com/ron-paul-unleashes-on-tsa-enough-is-enough/

Watchdog Probes DHS Spying on Drudge
http://www.infowars.com/watchdog-probes-dhs-spying-on-drudge/

TSA Hit With Lawsuits As Revolt Explodes
http://www.infowars.com/tsa-hit-with-lawsuits-as-revolt-explodes/

Heathrow Denial Of Naked Scanner Controversy Doesn’t Add Up
http://www.infowars.com/heathrow-denial-of-naked-scanner-controversy-doesnt-add-up/

Naked Body Scanners: Monumental Cover Up Exposed
http://www.infowars.com/naked-body-scanners-monumental-cover-up-exposed/

Full-body scanners used on air passengers may damage human DNA
http://www.infowars.com/full-body-scanners-used-on-air-passengers-may-damage-human-dna/

Airport screeners plan to shift tactics, focusing less on scissors and more on passenger behavior
http://www.infowars.com/articles/ps/airport_security_screeners_focus_on_behavior.htm

Idaho Leads State Revolt Against Naked Body Scanners
http://www.infowars.com/idaho-leads-state-revolt-against-naked-body-scanners/

Get Naked to Defeat Terrorists
http://www.infowars.com/get-naked-to-defeat-terrorists/

Which Travelers Have 'Hostile Intent'?
http://www.infowars.com/articles/ps/biometric_device_may_have_the_answer.htm

Security Fear Peaks: Babies Caught Up in 'No-Fly' Confusion
http://www.infowars.com/articles/ps/airport_security_babies_held_no_fly.htm

New Behavioral Profiling Techniques, TSA Training Help Target Suspicious Subway Passengers
http://www.infowars.com/articles/bb/behavioral_profiling_on_dc_subway.htm

Yet Another Invasive, Demeaning and Unnecessary Search: TSA body search upsets local woman
http://www.infowars.com/print/ps/another_invasive_search.htm

Body Scanners Increase Privacy, Says Corporate Media
http://www.infowars.com/body-scanners-increase-privacy-says-corporate-media/

NFL wants pat-downs from ankles up at all stadiums
http://www.infowars.com/nfl-wants-pat-downs-from-ankles-up-at-all-stadiums/

Unacceptable Emotions Soon to be Analyzed in Airports
http://www.infowars.com/unacceptable-emotions-soon-to-be-analyzed-in-airports/

PrisonPlanet Forum:

Caught:


TSA Chief John Pistole is a bona fide lying sack of shit, faces felony charges
http://forum.prisonplanet.com/index.php?topic=212268.0

TSA vs. passenger tussle caught on tape, now focus of lawsuit
http://forum.prisonplanet.com/index.php?topic=48754.0

DHS Caught Trolling WeWon’tFly Blog - WEBSITE DOWN - TOO MUCH TRAFFIC!
http://forum.prisonplanet.com/index.php?topic=196092.0

TSA Illegally Confiscates Pregnant Woman’s Insulin As “Explosives Risk”
http://forum.prisonplanet.com/index.php?topic=214083.0

Baywatch Babe and Ron Paul supporter Donna D'Errico single out by TSA.
http://forum.prisonplanet.com/index.php?topic=194355.0

Gulf Activists Harassed By TSA Agents Who Claim Filming Is Illegal
http://forum.prisonplanet.com/index.php?topic=196591.0

**TSA SHOCK** WWII HERO HAS MEDAL OF HONOR CONFISCATED BY TSA!!!
http://forum.prisonplanet.com/index.php?topic=196530.0

TSA Germ ALERT: Doctors warn of TSA spreading disease from person to person
http://forum.prisonplanet.com/index.php?topic=193331.0

Umm more TSA - Child strip search in line, wtf? - Video
http://forum.prisonplanet.com/index.php?topic=192791.0

WTF is going on at the SLC airport? Pants around the knees, TSA? Really?
http://forum.prisonplanet.com/index.php?topic=193409.0

TSA Screener Accosts 3 Year Old Child at Security Checkpoint (VIDEO)
http://forum.prisonplanet.com/index.php?topic=191988.0

TSA AGENT ROBS WHEEL CHAIR WOMAN IN THE SECURITY LINE!!!
http://forum.prisonplanet.com/index.php?topic=171664.0

TSA Employee Arrested Stealing100 Items Out of Luggage Putting them on Ebay
http://forum.prisonplanet.com/index.php?topic=191739.0

TSA has gone 100% insane!! TSA chief John Pistole needs to be fired ASAP!!!
http://forum.prisonplanet.com/index.php?topic=192267.0

TSA agent steals $200K worth of gear, resells it on eBay
http://forum.prisonplanet.com/index.php?topic=65721.0

General Electric uses Al-Qaeda to market their Nazi X-Ray Scan Machines!
http://forum.prisonplanet.com/index.php?topic=138160.0

Admit:

TSA Admits: "Our job is to destroy the American way of life one child at a time"
http://forum.prisonplanet.com/index.php?topic=205995.0

TSA admits to missing radiation issues for entire history of scanners
http://forum.prisonplanet.com/index.php?topic=204177.0

TSA Admits Bungling of Airport Body-Scanner Radiation Tests
http://forum.prisonplanet.com/index.php?topic=203641.0

TSA Admits to Keeping ‘Enhanced Screening’ Plans Secret
http://forum.prisonplanet.com/index.php?topic=193027.0

TSA Officer Arrogantly Admits Plot to Post Porn on Christian Site
http://forum.prisonplanet.com/index.php?topic=206129.0

Other:

TSA Threatens: "Body scan boycott may short circuit our treasonous cyberslavery"
http://forum.prisonplanet.com/index.php?topic=192931.0

TSA Agents Must Read This Shit, Your Masters Are Systematically Killing You!
http://forum.prisonplanet.com/index.php?topic=211948.0

TSA Porno Scanners – the Height of U.S. Paranoia?
http://forum.prisonplanet.com/index.php?topic=212016.0

TSA want to poke their fingers up girls' vaginas so they claim "surgical bombs"
http://forum.prisonplanet.com/index.php?topic=211969.0

Ron Paul on ‘Opt-Out':‘If we tolerate’ the TSA, ‘there’s something wrong with us
http://forum.prisonplanet.com/index.php?topic=193226.0

TSA exempt from it's own rules
http://forum.prisonplanet.com/index.php?topic=59501.0

Paying To Be Raped - By Sibel Edmonds
http://forum.prisonplanet.com/index.php?topic=191892.0