Monday, December 19, 2011

Prepare For A Zionist Police State by Brother Nathaniel





PREPARE FOR
A JEWISH POLICE STATE

By Brother Nathanael Kapner, Copyright 2011
Send Your Contribution To:
The Brother Nathanael Foundation, PO Box 1242, Frisco CO 80443
E-mail: brothernathanaelfoundation@yahoo.com 
____________________________

THE COMING MILITARY DICTATORSHIP of the USA will be firmly in the hands of American Jewry.



Sadly, a few popular Internet publicists — the controlled opposition — such as Alex Jones, his new adjunct, Mike Adams of Natural News, and The Activist Post (run from CIA-operated Costa Rica), simply cannot report that a “JEW,” Senator Carl Levin, is the SOLE-SPONSOR of the National Defense Authorization Act, of which Section 1031 authorizes the US military to imprison US citizens for life without any recourse to legal defense.

Do Americans realize (or even care in their state of oblivion) that all of the influential Senate and House Committee seats are chaired by Jews who sponsor outrageous Bills such as the NDAA?
First of all, heading the Military/Security apparatus of the Zionist States of America, are Senator Joseph Lieberman, a Talmudic Jew, who chairs Homeland Security, while his co-religionist, Senator Carl Levin, heads the Senate Armed Services Committee.

Is it any wonder then that we are now in a Jewish police state? Is it any wonder then that with America’s security apparatus solidly in the hands of JEWS that our freedoms have all but vanished?
Carl Levin’s brother, Sander Levin, as ranking member, chairs the House Ways and Means Committee which oversees taxation. Congressman Levin works very closely with his FELLOW JEW, Douglas Shulman, the current head of the IRS, in their Jewish enslavement of the American worker.

Eric Cantor is currently House Majority Leader, using his powerful seat to protect his wealthy Jewish backers from a justifiable tax.

Zionist Jew, Senator Chuckie Schumer, chairs the Judiciary’s Subcommittee on Immigration and Border Security. And we wonder why White Christian America is disappearing?
Barbara Boxer is the head of the Senate Public Works Committee, Henry Waxman heads the Senate Commerce Committee, (overseeing FOOD regulation), Diane Feinstein and Jane Harman co-chair the Senate and House Intelligence Committees, (Harman’s husband, Sidney Harman, pulls the strings at the Jewish-run Business Executives for National Security), Howard Berman and Ileana Ros-Lehtinen (of Sephardic Jewish extraction) co-chair the House Foreign Affairs Committee.

Both Berman and Ros-Lehtinen are clamoring for another JEW-INSPIRED war on Iran. (The Body Bag industry BOOMS as American Gentile youth DIE…Jews do not send their own sons and daughters to fight their wars.)
PREPARE FOR
A JEWISH POLICE STATE
JEWISH TENTACLES have penetrated the very depths of the US Military and Intelligence community.

With the Armed Forces of America dependent on the Jewish-owned Federal Reserve Bank for continual debt-at-interest funding; with the Jewish ADL’s training of local police forces; with the propaganda apparatus solidly in the hands of Jewry; and with the Jewish Lobby’s ownership of Capitol Hill — a Jewish police state is both INTACT and EQUIPPED to wield totalitarian rule over US citizens.

An example of Jewry’s control of the US Military finds Secretary of Defense, Leon Panetta, the keynote speaker at the Jewish warmongering Haim Saban Center for Middle East Policyat Brookings on December 2, 2011. Panetta spent most of his speech bowing before the Jewish altar of “Israel First.” (It’s time for the Generals to STOP taking orders from the JEWS!)

And don’t think for a MINUTE that the Jewish neocons have disappeared from Washington’s policy-making arena.

AT THE RECENT CNN National Security Debate, it was the neocon Jewish ‘think tank,’ the American Enterprise Institute, that sponsored the event. Both the Jewish neocon war-lusters Paul Wolfowitz and Frederick Kagan were granted the floor during the debate.

Partnering with the Jewish war crimes syndicate of the AEI and the Center for American Progress is the former Jewish neocon ‘think tank,’ the Project for the New American Century, which brought to us the LIES of Saddam’s “weapons of mass destruction.”

The PNAC has reincarnated itself as the Foreign Policy Initiative, whose head, William Kristol, dictates DC policy from his panel position on Fox News Sunday every week.
The final Jewish takeover of America is now indelibly imprinted on the blueprint of our nation’s future.

Prepare for food shortages, power outages, blackouts and communication curtailments — and of course — the collapse of the dollar coupled with the lawlessness now operative in America as demonstrated in the MF Global theft of segregated accounts.

CHECKING ACCOUNTS will be next. GET OUT of dollar denominated assets as FAST AS YOU CAN! And yes, dear fellow warriors for truth, you have been warned.


What about Representative Jerold Nadler (D) New York? Is he part of the same type of scheme as Senator Levin? In that he is just posing as a public figure in support of American values? I sure hope not, but betrayal should be no surprise at this point. 







Sunday, December 18, 2011

12/18/11 - North Korean Leader Kim Jong-il Dead

North Korean leader Kim Jong-il has died at the age of 69, state-run television has announced.



Mr Kim, who has led the communist nation since the death of his father in 1994, died on a train while visiting an area outside the capital, the announcement said.
He suffered a stroke in 2008 and was absent from public view for months.
His designated successor is believed to be his third son, Kim Jong-un, who is thought to be in his late 20s.
North Korea's state-run news agency, KCNA, urged people to unite behind the younger Kim.
"All party members, military men and the public should faithfully follow the leadership of comrade Kim Jong-un and protect and further strengthen the unified front of the party, military and the public," the news agency said.
A funeral for Kim Jong-il will be held in Pyongyang on 28 December and Kim Jong-un will head the funeral committee, KCNA said.
The BBC's Lucy Williamson in Seoul says Mr Kim's death will cause huge shock waves across North Korea, an impoverished, nuclear-armed nation with few allies.
The announcement came in an emotional statement read out on national television.
The announcer, wearing black, said he had died of physical and mental over-work. A later report from KCNA said Mr Kim had had a heart attack.
South Korea's military has been put on alert following the announcement and its National Security Council is convening for an emergency meeting, Yonhap news agency reports.
Asian stock markets fell after the news was announced.

Monday, December 5, 2011

S. 1867 Is The Most Dangerous Bill Since Patriot Act

     Recently I reported on the highly controversial bill S. 1253, the National Defense Authorization Act (NDAA) for the fiscal year of 2012 which was introduced back in June.
 
     This bill was replaced by the one introduced on the 15th of November, S. 1867. Today Senator Rand Paul of Kentucky and Senator John McCain of Arizona faced off on the floor of the Senate over a proposed amendment to S. 1867.

     The minimal coverage this bill is getting in the corporate-controlled establishment media, especially when it comes to the massive danger it poses to everything America was built upon, is nothing short of deplorable.
This amendment would, according to Senator Paul, put “every single American citizen at risk.” Paul rightly pointed out that if the amendment were to pass, “the terrorists have won.”

     I couldn’t agree more and this is the major fact that McCain and far too many others in Washington seem to miss. Or, equally likely, McCain and others are well aware of the erosion of civil liberties and have no interest in stopping it.

     After all, it isn’t the sycophantic corrupt politicians in Washington that have to endure being groped by TSA goons or surreptitiously blasted with X-Rays by a passing DHS van; it is the everyday Americans like you and me that are subjected to such absurd “counterterrorism” measures.

     John McCain is a man who revels in death and suffering in true sociopathic style: joking about bombing Iran, calling for military operations in Syria, and supporting the murderous and thoroughly racist al Qaeda-affiliated Libyan rebels.

     McCain is the epitome of Washington doublethink: in Libya, al Qaeda is good. Yet, al Qaeda is still the biggest threat to humanity, so much so that it justifies turning the entire world into a theater of war in which all rights are suspended in the name of the war on terror?

     Senator Rand Paul argued against the amendment to S. 1867 that McCain co-sponsored by saying, “Should we err today and remove some of the most important checks on state power in the name of fighting terrorism, well then the terrorists have won. [D]etaining American citizens without a court trial is not American.”

     Unfortunately, the PATRIOT Act has already removed “some of the most important checks on state power in the name of fighting terrorism,” but there are very few politicians who will put their careers on their line in saying this fact.

     McCain quickly attempted to defend the amendment he’s been peddling on the Senate floor by saying, “Facts are stubborn things. If the senator from Kentucky wants to have a situation prevail where people who are released go back in to the fight to kill Americans, he is entitled to his opinion.”
This is the typical, “Either you’re with us, or you’re with the terrorists,” false dilemma, a form of fallacious logic, employed by those in Washington who will take every opportunity to exploit. 

     John McCain, who is the ranking member of the Senate Armed Services Committee, is a member of the camp of individuals who either lie on a regular basis while knowing the facts or are so deluded and removed from reality that they actually fear the al Qaeda, which is a fictitious network of asymmetric terrorists, created to fight a fictitious enemy, to boost defense stock, and increase the military industrial complex. 

     Senator McCain, just like the non-profit groups that are directly linked to the Department of Homeland Security, promotes a fear of terrorism that is completely at odds with the facts, using this climate of fear and paranoia to justify otherwise unacceptable legislation like S. 1867 and the PATRIOT Act.

     Military tribunals are the complete antithesis of the civilian justice system. The most dangerous aspect of S. 1867 is not only that it could subject. American citizens to military tribunals and detention, but also that individuals could be imprisoned indefinitely without charge or trial.

 
     Even if this was not used on American citizens, it represents a deplorable move that would only make the rest of the world hate us that much more, knowing that it is explicitly allowed for the American government to snatch up people and detain them forever without charge or trial.

     Yet, the nonsensical logic of American exceptionalism makes people like McCain think that America has the right to operate outside of the rule of law (not to mention common decency and respect for other human beings) at home and abroad, so long as it is supposedly to combat terrorism.

     Senator Rand Paul countered McCain’s absurd assertion by saying, “I don’t think it necessarily follows I am arguing of the release of prisoners. I am simply arguing that particularly American citizens should not be sent to a foreign prison without due process.” McCain is a complete fool who has argued non-sequiturs before, and ignored and criticized peaceful 9/11 Truth Movement activists such as Blair Gadsby, who fasted in front of his Arizona office for more than 16 days without food or water, to petition John McCain to help support a reinvestigation into the events of 9/11. McCain is a mother fucker.

     It amazes me that any such thing would have to even be argued. The Constitution is supposed to protect us from such egregious breaches of our inalienable rights and our so-called representatives take an oath to protect the Constitution from enemies both foreign and domestic.

     It is now clear that the true enemies of the Constitution, the ones that truly put our liberties in danger, are domestic.

     They wear expensive suits and happily stroll through the halls of power in Washington, seemingly confident that they will not be treated as the traitorous criminals that they are.

     McCain is one of these traitors who are launching an all-out assault on our way of life and our civil rights, S. 1867 is just the most recent, and most virulent, manifestation of this. “An individual, no matter who they are, if they pose a threat to the security of the United States of America, should not be allowed to continue that threat,” McCain said in defense of his attack on our rights. “We need to take every stop necessary to prevent that from happening, that’s for the safety and security of the men and women who are out there risking their lives … in our armed services,” McCain added.

      The real people who put the men and women in our armed services at risk are warmongers like McCain who happily put Americans in the line of fire in order to keep their war profiteering cronies satisfied.

     44 Republican Senators and 15 Democrats along with one Independent voted to keep the new detainee provisions in the NDAA, with Senator Rand Paul and Senator Mark Kirk of Illinois being among the few Republicans who broke party ranks and sided with a majority of Democrats who voted to block the new provisions.

     Rand Paul argued, “If these provisions pass, we could see American citizens being sent to Guantanamo Bay,” while Republican Senator Lindsey Graham countered, “To be clear: These provisions do not apply to U.S. citizens.”

  The problem is that this bill would make it explicitly legal for the United States to conduct the horrific operations they have already been carrying out.
If this were to pass, there would be absolutely nothing standing in the way of the government rounding up dissidents who they could easily label terrorists or individuals planning/supporting terrorism (given the absurdly broad definition used).

     They could then imprison them without charge or trial for however long they please, and if they have their way, they would be able to openly torture them, not just the torture deceptively labeled “enhanced interrogation” but torture that can go by no other name. 

     Of course, that is not to diminish the fact that the tactics now employed by the CIA and others are indeed torture. Just ask people like conservative radio host Mancow who was waterboarded and came to the conclusion that it is indeed torture after having held the complete opposite opinion previously.
Or if that isn’t enough proof, take the Vanity Fair article written by Christopher Hitchens in which he describes his experience being waterboarded which brought him to the exact same conclusion: waterboarding is torture.
     Even Bahrain ostensibly has more democratic accountability for torture, although I think we all know that is about as legitimate as calling waterboarding “enhanced interrogation.”

     McCain laughably claimed that the changes would “help defend our nation against the threat posed by al Qaeda while upholding our values and honoring our Constitution.”

     This is especially hilarious given that McCain said that the al Qaeda-affiliated Libyan rebels “inspired the world” in carrying out their bloody revolution.

     Does McCain actually believe that he has the power to pick and choose when individuals and groups directly linked to al Qaeda are good or bad?
How can they actually reconcile such absurdist moral relativism? Personally, I don’t think that McCain can actually believe the things he says unless he has actually been able to eliminate every bit of sense and logic that is innate in human beings.

     To the many people commenting and emailing me claiming that this is overblown and it will not apply to American citizens, you might want to listen to Republican Senator Lindsey Graham’s own words on the Senate floor.

“In summary here, [section] 1032, the military custody provision, which has waivers and a lot of flexibility doesn’t apply to American citizens. [Section] 1031, the statement of authority to detain does apply to American citizens, and it designates the world as the battlefield including the homeland,” Graham said.

     Is there really anything even remotely unclear here? Our government is making the final strides towards turning the brutal military apparatus that has slaughtered so many people abroad in the name of “freedom” back to our own people.

     What we are witnessing now is truly historic, the American government is trying to explicitly codify the ability to detain Americans without trial or charge in a military facility under military rule with military tribunals.

     While I argue that we already live in a police state, based on the citizen spying programs, ludicrous amounts of domestic surveillance, collection and storage of massive amounts of biometric information, and the Department of Homeland Security’s invisible surveillance state (just to mention a few) the passage of this bill would bring about a new dangerous paradigm in America.
Even if it was sold as something that wouldn’t apply to American citizens, like the PATRIOT Act was sold as a counterterrorism bill, it would undoubtedly be used against us regardless of these claims, just as the PATRIOT Act has been utilized in cases wholly unrelated to terrorism.


     Even the officials from the Department of Justice readily admit that the PATRIOT Act is being used against non-terrorist American citizens.
As you will see in the above video, they admit that the PATRIOT Act is used in cases completely unrelated to terrorism.

     Is anyone really naĂ¯ve enough to believe that the government will actually restrict the usage of S. 1867 to terrorists and not Americans who stand up to their corrupt, out of control, and wholly illegitimate criminal government?
To make matters even worse, the usage of drones in the United States is being considered by the Federal Aviation Administration (FAA).
The Los Angeles Times recently reported that the FAA plans to propose new rules this coming January, which would give free license to police departments and other domestic agencies to use them in the United States.
Yet, unmanned aerial vehicles (UAVs), or drones, have been used by law enforcement in the United States for some time now.

     In fact, The Washington Post reported on the usage of aerial drones domestically in January of this year along with Homeland Security News Wire.
Currently, law enforcement agencies supposedly have to seek out emergency authorization from the FAA to use drones, which, according to The Washington Post is “only occasionally” granted.

     The new FAA regulations coupled with turning the United States into a battlefield in which all Americans could be enemy combatants is dangerous, to say the least.

     Given the fact that our current administration under the traitorous warmonger Barack Obama has no problem killing children with drones abroad, do we really think that they wouldn’t conduct such operations at home?
To an administration that commits extrajudicial executions of American citizens – and their 16-year-old child who was born in Denver, Colorado – is anything off the table?

     The unfortunate and thoroughly disturbing reality is that our government has no problem carrying out such operations and S. 1867 would just make it that much easier by codifying it and creating an explicit legal apparatus through which they can operate.

     I highly recommend that you explore at least some of the 344 proposed amendments for S. 1867 in the Library of Congress’ Thomas system which can be found here.

     You can track all of the updates on the act with the amendments organized by date on this Library of Congress page.

     As you can tell, the 28th was by far the busiest day so far in the life of S. 1867 with over 100 amendments considered in that single day, although this very well might be beat in coming days when our so-called representatives continue to debate turning the United States into a giant battlefield.

     UPDATE: If the ridiculous assault on our inalienable rights embodied by S. 1867 wasn’t enough, the Senate is also considering repealing the anti-torture measures currently in place (lax though they may be). This flies in the face of the fact that torture does not provide actionable intelligence or anything even remotely reliable unless you’re looking for a false confession to anything from terrorism to the assassination of Abraham Lincoln. This bill must be stopped if we want to preserve anything that America is supposed to stand for. The PATRIOT Act was a crippling blow to the Constitution but S. 1867 would be the death of every last bastion of hope and freedom that was left after the vicious attacks on our civil liberties that have brought us to this point.

Website: http://theintelhub.com/2011/11/30/do-not-be-deceived-s-1867-is-the-most-dangerous-bill-since-the-patriot-act/

Writer: Madison Ruppert
Edited: Richard Rowell


Saturday, November 19, 2011

Spotlight: Verizon Building Displays "99%" in Manhattan

Written By: Muriel Kane
Video Upload By: AnonOps1337 
Friday, November 18, 2011




As Occupy Wall Street protesters were walking across the Brooklyn Bridge on Thursday evening, a mysterious series of images flashed across the facade of the Verizon building, located near the East River, starting with a circled “99%.”
“LOOK AROUND / YOU ARE A PART / OF A GLOBAL UPRISING / WE ARE A CRY / FROM THE HEART / OF THE WORLD / WE ARE UNSTOPPABLE / ANOTHER WORLD IS POSSIBLE … OCCUPY EARTH / WE ARE WINNING / IT IS THE BEGINNING OF THE BEGINNING / DO NOT BE AFRAID / LOVE.”
Boing Boing tracked down the signal’s creator, Mark Read, to find out what had inspired the dramatic display and how he had brought it off.
“Initial talks focused on having a thousand people taking the bridge in the afternoon, and continuing in a militant mode of activism,” Read told the interviewer. “But we started thinking about creating a more unifying moment. A celebration of the birthday of Occupy Wall Street. Maybe taking the roadway and having lots of arrests might not be best thing. … And a guy named Hero, who has been central to a lot of facets of the occupation since the beginning, turns to me and says, ‘We need a bat signal. The 99%.’”
“I said, I think I can do that,” Read continued. “I know just enough about how the technology works that I think I can pull that off. And for the past two weeks, I’ve worked full time on figuring that out.”
Read explained that he has a background in working with “a community of friends who deploy spectacle and art in the service of radical politics.” Through these events, he has “met people with a variety of skill sets, strange and magical abilities,” and he was able to get many of them working as a team.
He also needed a location from which he could project the images, and for that he found a single mother living in a city-subsidized housing project across from the Verizon building who was enthusiastic about having them use her apartment. She brought her whole family together for the light show, and even when the police started snooping around and pointing at their window, the family’s mood remained festive and defiant.
“This is choosing hope over despair, Read says. “This is actively and resolutely making that choice. … I know we’re heading into winter in New York, but this feels like springtime.”






Friday, September 16, 2011

Military Whistleblower Tells of Indiscriminate Israeli Attack in West Bank

The Independent (Donald Macintrye)


Israeli troops fired tear gas indiscriminately and sometimes dangerously to enforce a daytime curfew inside a West Bank village to stop Palestinians holding a peaceful demonstration on their own land, a military whistleblower has told the Independent.


The soldier's insights into the methods of troops comes as the Israeli military prepares for demonstrations predicted when the Palestinian President Mahmoud Abbas submits an application for the recognition of statehood to the UN next week. The testimony also reinforces a report by the human rights agency B'Tselem which argues that the way Israel deals with protests in the small village of Nabi Saleh is denying the "basic right" to demonstrate in the West Bank. The right to demonstrate is enshrined in international conventions ratified by Israel.


The soldier, a reservist NCO with extensive combat experience, was among more than 20 soldiers sent into the village more than two hours before a planned Friday demonstration in July, to try to quash protests before they began. The protests started in December 2009 after Jewish settlers appropriated a spring on privately-owned Nabi Saleh land. 
The reservist, who originally testified to the veterans’ organisation Breaking the Silence, told The Independent that they went into a house in the village and took a position on the roof. “The sun was very hot, but we had to keep our helmets on,” he said. “Then some soldiers start getting bored and start shooting tear gas on people. Every guy who is not in his house or in the mosque is a target.”

Thursday, September 8, 2011

U.S. Fed to Keep Interest Rates At Records Lows At Least Through Mid-2013

     The Federal Reserve pledged for the first time to keep its benchmark interest rate at a record low at least through mid-2013 in a bid to revive the flagging recovery after a worldwide stock rout. Information received since the Federal Open Market Committee met in June indicates that economic growth so far this year has been considerably slower than the Committee had expected. Indicators suggest a deterioration in overall labor market conditions in recent months, and the unemployment rate has moved up.


    Household spending has flattened out, investment in nonresidential structures is still weak, and the housing sector remains depressed. However, business investment in equipment and software continues to expand. Temporary factors, including the damping effect of higher food and energy prices on consumer purchasing power and spending as well as supply chain disruptions associated with the tragic events in Japan, appear to account for only some of the recent weakness in economic activity. Inflation picked up earlier in the year, mainly reflecting higher prices for some commodities and imported goods, as well as the supply chain disruptions. More recently, inflation has moderated as prices of energy and some commodities have declined from their earlier peaks. Longer-term inflation expectations have remained stable.


      Consistent with its statutory mandate, the Committee seeks to foster maximum employment and price stability. The Committee now expects a somewhat slower pace of recovery over coming quarters than it did at the time of the previous meeting and anticipates that the unemployment rate will decline only gradually toward levels that the Committee judges to be consistent with its dual mandate. Moreover, downside risks to the economic outlook have increased. The Committee also anticipates that inflation will settle, over coming quarters, at levels at or below those consistent with the Committee’s dual mandate as the effects of past energy and other commodity price increases dissipate further. However, the Committee will continue to pay close attention to the evolution of inflation and inflation expectations.


     To promote the ongoing economic recovery and to help ensure that inflation, over time, is at levels consistent with its mandate, the Committee decided today to keep the target range for the federal funds rate at 0 to 1/4 percent. The Committee currently anticipates that economic conditions--including low rates of resource utilization and a subdued outlook for inflation over the medium run--are likely to warrant exceptionally low levels for the federal funds rate at least through mid-2013. The Committee also will maintain its existing policy of reinvesting principal payments from its securities holdings. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate.


    The Committee discussed the range of policy tools available to promote a stronger economic recovery in a context of price stability. It will continue to assess the economic outlook in light of incoming information and is prepared to employ these tools as appropriate.


    Voting for the FOMC monetary policy action were: Ben S. Bernanke, Chairman; William C. Dudley, Vice Chairman; Elizabeth A. Duke; Charles L. Evans; Sarah Bloom Raskin; Daniel K. Tarullo; and Janet L. Yellen.


    Voting against the action were: Richard W. Fisher, Narayana Kocherlakota, and Charles I. Plosser, who would have preferred to continue to describe economic conditions as likely to warrant exceptionally low levels for the federal funds rate for an extended period.

Tuesday, August 9, 2011

8/4/11 - Did Goolsbee & Stewart Go Short A Day Before Dow Dropped 500+ Points

Austan Goolsbee Biography

Austan Dean Goolsbee (born August 18, 1969) is an American economist, formerly serving as the Chairman of the Council of Economic Advisers and the youngest member of the cabinet of President Barack Obama. Goolsbee is from the University of Chicago where he is the Robert P. Gwinn Professor of Economics at the Booth School of Business. The Obama White House said Mr. Goolsbee will resign his post as Chairman of the Council of Economic Advisers in the summer of 2011 to return to teaching at the University of Chicago Booth School of Business. Goolsbee graduated from Milton Academy and received both his B.A. summa cum laude and M.A. in economics from Yale University in 1991 and went to receive his Ph.D. in economics at the Massachusetts Institute of Technology in 1995. 





Academia

At Yale, Goolsbee was a member of the Yale Political Union, the improve comedy troupe Just Add Water, Skull and Bones, and the Yale Debate Association. He and debate partner David Gray won the APDA National Debate Team of the Year competition in 1991. He and partner Dahlia Lithwick were runners up for the award in 1990. 

Monday, August 8, 2011

8/4/11 - Dow Jones Industrial Average Suffers Worst Drop Since 2008, Plunging 513 Points

By DAVID K. RANDALL
AP Business Writer
NEW YORK — Fears about the global economy led to the biggest panic in financial markets since the 2008 financial crisis.
The Dow plunged nearly 513 points Thursday, its biggest point decline since Oct. 22, 2008. Only three of the 500 stocks in the Standard & Poor's 500 index had gains. Oil fell by 6 percent. The yield on the two-year Treasury note hit a record low as investors sought out relatively stable investments.
All three major stock indexes are down 10 percent or more from their previous highs, a drop-off that is considered to be a market correction. A drop of 20 percent or more signifies the start of a bear market, an extended period of stock declines.
Twenty stocks fell for every one that rose on the New York Stock Exchange. Volume was very heavy at 7.5 billion shares.
Investors are increasingly concerned about the possibility of another recession in the U.S. and a debt crisis in Europe.
"We are continuing to be bombarded by worries about the global economy," said Bill Stone, chief investment strategist at PNC Financial.
The Vix, a measure of investor fear, shot up 36 percent. It is up 92.6 percent for the quarter, which began July 1.
The Dow Jones industrial average was down 512.76 points, or 4.3 percent, to 11,383.68. Thursday's losses turned the blue-chip stock index negative for the year.
The S&P 500 — the benchmark for most mutual funds — lost 60.20, or 4.8 percent, to 1,200.14. It is now down 12 percent from its recent high of 1,363 reached on April 29. The Nasdaq composite shed 136.68, or 5.1 percent, to 2,556.39.
Oil dipped to $87 a barrel on worries demand will fall because of the slowing economy. It had traded over $100 as recently as June 9.
Nearly 20 stocks fell for every one that rose on the New York Stock Exchange.
European stocks also fell broadly because of concerns that Italy or Spain may need help from the European Union. The benchmark stock indexes in Italy, Germany and England each fell 3 percent.
Stock trading has been volatile this week because of concerns that the U.S. economy is weakening. Manufacturing, consumer spending and hiring by private companies are below levels that are consistent with a healthy economy. Those reports have called into question estimates from economists, including Federal Reserve Chairman Ben Bernanke, that the economy will grow more quickly in the second half of the year.
Money poured into investments that are seen as relatively safe when markets are turbulent. The yield on the 10-year Treasury note fell to 2.42 percent, its lowest level of the year. The yield on the 2-year Treasury note hit a record low of 0.26 percent. Bond yields fall when demand for them increases.
Mark Luschini, chief investment strategist for Janney Montgomery Scott, an investment firm in Philadelphia, said some clients are moving to cash "as a parking lot to sort things out."
"With the scars of 2008 still fresh, some clients don't want to miss the chance to pre-empt further damage should it come," Luschini said.
Large investors have moved so much money into cash accounts at Bank of New York that on Thursday the bank said it would begin charging some clients a 0.13 percent fee to hold their cash.
"In the past month, we have seen a growing level of deposits on our balance sheet from clients seeking a safe-haven in light of the global interest rate and credit environment," the bank said in a statement to The Associated Press. Bank of New York clients include pension funds and large investment houses.
"Investors are deciding that now is the time to take risk off the table," said Brian Gendreau, market strategist for Cetera Financial Group. Gendreau said that some investors are now wondering whether stocks will have a prolonged slump similar to the aftermath of the Great Depression.
Technical trading, a term used to signify buying or selling based on the S&P 500's prior highs and lows, also helped push stocks downward. The S&P 500 fell below 1,222, a so-called support level, early in the day. That signified to some traders that the stock market would continue to slide.
"Traders are respecting the technical levels even if they're not technicians," said Quincy Krosby, market strategist at Prudential Financial. "Even if you're what we call a conviction buyer, you have to respect those levels."
Companies that outperform when the global economy expands fell the most. Alcoa fell the most, with a 9 percent drop. Bank of America and Caterpillar were down 7 percent. Boeing ended down 6 percent.
Some traders are selling ahead of Friday's employment report, which is expected to show that unemployment remained at 9.2 percent last month. A rise in the unemployment number would likely push stocks lower again.
The U.S. government said before the market opened that the number of people who applied for unemployment benefits for the first time was only slightly lower last week to 400,000. That's still above the 375,000 level that economist say indicates a healthy job market. It was the latest indication of weakness in the U.S. economy.
All 10 industry groups in the S&P index fell. Energy, materials and industrial companies each lost 5 percent or more.
The sell-off comes at a time when corporate profits are growing. The forward price to earnings ratio of the S&P 500 has fallen to about 12, well below its long-term average of 16. That means that investors who buy now are paying less for each dollar in profits.
Based on what an investor now pays for corporate profits, stocks are now trading at their lowest levels in 20 years, said Tim Courtney, chief investment officer of Burns Advisory Group in Oklahoma City.
Few companies were spared in the sell-off. Just 3 of the 500 stocks in the S&P 500 moved higher. General Motors Co. fell 4 percent despite beating analyst's earnings estimates.
The stock market as a whole had its biggest fall since the start of the current bull market in March 2009. The drop in the S&P was the largest since a 45-point decline on January 20, 2009. The Dow is down 1.7 percent for the year. The S&P 500 is down 4.6 percent. And the Nasdaq is down 3.6 percent. The Russell 2000, an index made up of small companies, has fared the worst. It was down 5.6 percent Thursday and is down 7.3 percent for the year.

Thursday, July 28, 2011

David René de Rothschild

Rothschilds Continuation Holdings AG is a bank holding company which through its subsidiaries, provides banking, treasury, investment banking, fund management, private banking and trust management services to governments, corporations and individuals worldwide. The company is based in Zug, Switzerland. Rothschilds Continuation Holdings AG operates as a subsidiary of Concordia B.V.


http://www.rothschild.com/


By: Aaron Wilson 

Wednesday, July 20, 2011

U.S. Taxpayer's Share of Greek Debt

 Complete default benefits the Europeans and leaves the U.S. on the hook for the balance.
The Bank for International Settlements Quarterly Review for June, 2011 is the first black and white publication I’ve seen on the actual size of the Greek, Irish and Portuguese (PIG’s) debt problems as well as how much the United States and individual tax payers may be on the hook for if it all goes pear shaped.
There are four interesting points concerning these debt issues. These include, who owns the debt, who insured the debt, who profited along the way and finally, who may be left holding the bag.
Initially, Europe is responsible for approximately 95% of the debt of these countries. Most of this would be born directly by Germany and France. However, these countries have purchased Credit Default Swaps (CDS) from U.S. banks to protect themselves on approximately half of the debt they own. This means that if the countries in question end up defaulting on their loans the U.S. banks that sold the credit default insurance will be on the hook for making France and Germany whole again.
The data in the tables is pretty extensive but the end numbers look like there is roughly $890 billion in loans that are in danger of defaulting. The U.S. exposure to these losses both directly and via credit default insurance that U.S. banks have sold is about $200 billion. More than half of that is in Greece, which will be the first to default. U.S. banks are on the hook for approximately $100 billion in credit default insurance to PIG countries with about $35 billion directly insuring Greek loans. The total outstanding credit default insurance sold by U.S. banks to European countries is more than $1.5 trillion dollars.
A quick recap - Germany and France bought Greek debt then turned to U.S. banks to buy insurance on the debt Greece and other countries sold them. U.S. banks collected the fees and sold the insurance even as they were recovering from their own bad loans and accepting bailout money to heal their balance sheets. The fees they collected went on to pad their bottom line and allowed them to post record 2010 earnings. These earnings allowed banks to payout record bonuses for a second consecutive year.
The pending default of Greece will leave U.S. banks on the hook for at least $35 billion dollars. Ireland will add $54 billion and Portugal another $41 billion. These banks also hold direct debt to the tune of another $63 billion. When the market moves on Greece, it will move on these other countries as well. It is simple stampede mentality. Remember the collapse of ’08?
The AIG bailout was due to their inability to meet $85 billion in obligations. It was deemed, “too big to fail.” Bank of America and Citigroup each received $45 billion in TARP money following the sub prime implosion. JP Morgan, Goldman, Wells Fargo and others required governmental assistance as well. Total U.S. bank exposure to Portugal, Ireland and Greece is more than $193 billion.
There are only two arguments left to decide in the coming debacle. First, will we have a partial or a complete default? Complete default benefits the Europeans and leaves the U.S. on the hook for the balance. Secondly, when France and Germany come to the U.S. seeking their insurance payouts will our banks be able to afford them. I don’t believe these banks, funded with taxpayer money and using our savings accounts as collateral for making the loans have the resources to cover their losses. Therefore, the taxpayer may be left holding the bag…again.

Is AIG Selling Credit Default Swaps (CDS) to Greece? Will American Taxpayers Be On The Hook Again?

THE RETURN OF THE CDS – WHY YOU SHOULD BE CONCERNED
Remember, Credit Default Swaps or CDS, were one of the culprits behind the “toxic mortgage scam” that brought down the US economy.
At the behest of their Democratic political masters Fannie and Freddie ”provided” mortgages to millions who could not pay. Then Fannie and Freddie sold the “toxic mortgages” as investment securities with the help of the likes of Goldman Sachs. Finally, AIG “insured” the “securities” by selling Credit Default Swaps to back up the worthless mortgages and put the US taxpayer on the hook for paying off the “toxic debt”. While most of the parties made billions – the US taxpayer got stuck with bill. 
Fast Forward To Greece
Is AIG creating a Greek Debt Bubble – just like the ”housing bubble” AIG helped create?
Greece is purchasing Credit Default Swaps (CDS) to insure its national debt.
“Credit-default swaps pay the buyer face value if a borrower fails to meet its obligations, and prices decline as perceptions of creditworthiness improve. A basis point equals $1,000 annually on a contract protecting $10 million of debt.”http://www.businessweek.com/news/2010-05-11/bank-swaps-libor-show-doubts-on-europe-bailout-credit-markets.html
The Greek markets aren’t quite buying the latest bailout, since they price-in a higher chance of default than just a month ago. Moody’s isn’t buying the bailout either. Which is odd, because theoretically Greece has been just provided a life-line that should at the very least allow it to meet its current outstanding debt obligations.