Foreclosed Homeowners Got $300, Bank’s Consultants Got $2 Billion By Matt Taibbi, Rolling Stone


This blog post on Jean’s blog lays out some of the systematic fraud in the Banking Industry. It is very interesting how the regulators of the Banking Industry here in the US appear to be in collaboration with the Banks they regulate. I have a feeling that this is one of the most inportant topics of our time and these activities could have their own blog. Perhaps, coming soon to a browser near you…
Ed

2012: What's the 'real' truth?

Senator Elizabeth Warren has been fighting to hold Wall Street accountable. (photo: Andrew Harrer/Getty)
Senator Elizabeth Warren has been fighting to hold Wall Street accountable. (photo: Andrew Harrer/Getty)

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Source: Reader Supported News

29 April 13

he obscene greed-and-arrogance stories emanating from Wall Street are piling up so fast, it’s getting hard to keep up. This one is from last week, but I missed it – it’s about theforeclosure/robo-signing settlement that was concluded earlier this year.

The upshot of this story is that in advance of that notorious settlement, the government ordered banks to hire “independent” consultants to examine their loan files to see just exactly how corrupt they were.

Now it comes out that not only were these consultants not so independent, not only did they very likely skew the numbers seriously in favor of the banks, and not only were these few consultants paid over $2 billion (over 20 percent of the entire settlement amount) while the average homeowner only received $300…

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Bloomberg.com News, Opinion, Markets


Bloomberg.com News Opinion Markets

Hello everyone!

Enjoy the Bloomberg.com website… 

Ed

 

Keiser Report: Correlation and Causation of Gold Price (E434, ft. Paul Craig Roberts)


Enjoy the Keiser Report E434…  Max Keiser is today’s leading financial commentator and reporter discussing economic, banking and finance with openess and integrity. I appreciate Mr. Paul Roberts sharing his views on current Federal Reserve actions.

Enjoy,  Ed

Published on Apr 20, 2013

In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss Reinhart and Rogoff, Excel errors, correlation and causation and the gold selloff being a bonus for ‘activist central bankers’ who can now claim ‘hyperinflation no longer a threat.’ In the second half of the show, they talk to Dr. Paul Craig Roberts about the smack down in gold and the failure of ‘laissez-faire capitalism’.

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Still Report (SR) 76 Wall Street


Hello friends,

I am amazed at this discussion on US Banking and Finance, this is the first time I’ve ever heard the current “fractional reserve banking system” being honestly discussed… Thank you again Bill Still for your efforts to share about fundamental banking and finance methods and practices.

Enjoy- Ed

Published on Apr 18, 2013

This is Professor Jeffrey Sachs of Columbia University speaking at the “Fixing the Banking System for Good” conference on April 17, 2013. This audio is absolutely EXPLOSIVE!

You can now Pre-Order the new documentary, “Jekyll Island” at:

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Please circulate this around to your friends. Let’s see if we can get a big audience going all around the world. This is what you can do to help out.

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IMF members: World economy still needs ‘decisive’ action…


IMF members: World economy still needs ‘decisive’ action…

Hello Everyone!

I find this article very interesting…  it looks as though the future of World financial matters is in the balance…  Which way will it go?

Ed

IMF members: World economy still needs ‘decisive’ action

Published: April 20, 2013

— Finance ministers from around the world emphasized Saturday that much work remains to reach full recovery, especially in advanced economies.

In a joint statement following meetings Saturday in Washington of the International Monetary Fund’s policy-making committee, the finance ministers said that countries “need to act decisively to nurture a sustainable recovery and restore the resilience of the global economy.”

IMF economists this week underlined the need for the eurozone to bring banks back to full health, especially in harder-hit countries, and to rapidly move toward a full banking union with common oversight. Without a properly functioning banking sector, the smaller businesses that can deliver jobs and economic growth will continue to be starved for investment.

“Financial sector repair and reform remain a priority,” the finance ministers said. “Advanced economies need to balance supporting domestic demand with reforms to tackle structural weaknesses that weigh on growth, while implementing credible fiscal plans.”

The IMF this week pared back its 2013 global growth forecast by 0.2 percentage points to 3.3 percent. Most of that growth is coming from emerging and developing markets, while the eurozone economy is expected to contract this year.

After the meeting, Singaporean Finance Minister Tharman Shanmugaratnam, who chairs the IMF’s policy-setting committee, said that “around the table . . . there was a very strong view that we had to place greater emphasis on structural reforms to create jobs, as well as to boost productivity.”

Such reforms to improve growth vary among economies but often include streamlining labor markets, reducing barriers to starting new businesses and removing market-distorting subsidies.

The closing statement from finance ministers said that “accommodative monetary policy is still needed to help bolster growth but . . . eventual exit from monetary expansion will need to be carefully managed and clearly communicated.”

The rate-setting US Federal Reserve has kept interest rates near zero for more than four years, and additionally is pumping $85 billion into bond markets every month to further stimulate investment, in an unprecedentedly loose monetary policy. Central banks in the eurozone and Japan have taken smaller but similar steps toward highly accommodative monetary policy.

With central banks sailing into uncharted waters, worries have arisen that the new monetary policies could stoke inflation or inflate dangerous bubbles in prices of stocks, real estate or other assets. At the same time, with less than strong growth in those regions, there are concerns that the same economies could wither if central banks stop showering them with cash.

IMF chief Christine Lagarde said that the Washington-based crisis lender will study the “consequences of unconventional monetary policy . .. and what will be the good exit, as opposed to the more unpleasant exit for all members.”

Alcuin and Flutterby Exploring what might be


Alcuin and Flutterby Exploring what might be

Hello Everyone!

I feel like this is one of the best articles on the recent devaluation of Gold, Silver and various precious metals.  What could be the motivation of gold and Silver going down in value against the fiat currency $ USD.  Is it possible that some interest could artificially depress the price of Gold and Silver vs the USD?  What could be the effects of massive amounts $ of “Quantitative Easing”?  What does the term “to big to fail” mean in the context of a massice paper Ponzi Scheme based on “derivatives” and other financial euphemisms…

Enjoy,  Ed

Saturday, April 20, 2013

http://alcuinbramerton.blogspot.com/2012/11/httpalcuinbramerton.html
Alcuin Bramerton Twitter .. WikiLeaks Master Mirror Sites ..#1ab archive
Alcuin Bramerton profile ….. Index of blog contents ….. Home …..#1ab

Gold vs Silver vs Japanese Yen – live chart (10 month)
Paul Craig Roberts, a Reagan-era Assistant Secretary of the US Treasury, explains why the gold price just plummeted:

I was the first to point out that the Federal Reserve was rigging all markets, not merely bond prices and interest rates, and that the Fed is rigging the bullion market in order to protect the US dollar’s exchange value, which is threatened by the Fed’s quantitative easing. With the Fed adding to the supply of dollars faster than the demand for dollars is increasing, the price or exchange value of the dollar is set up to fall.

A fall in the dollar’s exchange rate would push up import prices and, thereby, domestic inflation, and the Fed would lose control over interest rates. The bond market would collapse and with it the values of debt-related derivatives on the “banks too big too fail” balance sheets. The financial system would be in turmoil, and panic would reign.

Rapidly rising bullion prices were an indication of loss of confidence in the dollar and were signaling a drop in the dollar’s exchange rate. The Fed used naked shorts in the paper gold market to offset the price effect of a rising demand for bullion possession. Short sales that drive down the price trigger stop-loss orders that automatically lead to individual sales of bullion holdings once their loss limits are reached.

According to Andrew Maguire, on Friday, April 12, the Fed’s agents hit the market with 500 tons of naked shorts. Normally, a short is when an investor thinks the price of a stock or commodity is going to fall. He wants to sell the item in advance of the fall, pocket the money, and then buy the item back after it falls in price, thus making money on the short sale. If he doesn’t have the item, he borrows it from someone who does, putting up cash collateral equal to the current market price. Then he sells the item, waits for it to fall in price, buys it back at the lower price and returns it to the owner who returns his collateral. If enough shorts are sold, the result can be to drive down the market price.

A naked short is when the short seller does not have or borrow the item that he shorts, but sells shorts regardless. In the paper gold market, the participants are betting on gold prices and are content with the monetary payment. Therefore, generally, as participants are not interested in taking delivery of the gold, naked shorts do not need to be covered with the physical metal. In other words, with naked shorts, no physical metal is actually sold.

People ask me how I know that the Fed is rigging the bullion price and seem surprised that anyone would think the Fed and its bullion bank agents would do such a thing, despite the public knowledge that the Fed is rigging the bond market and the banks with the Fed’s knowledge rigged the Libor rate. The answer is that the circumstantial evidence is powerful.

Consider the 500 tons of paper gold sold on Friday. Begin with the question, how many ounces is 500 tons? There are 2,000 pounds to one ton. 500 tons equal 1,000,000 pounds. There are 16 ounces to one pound, which comes to 16 million ounces of short sales on Friday.

Who has 16 million ounces of gold? At the beginning gold price that day of about $1,550, that comes to $24,800,000,000. Who has that kind of money?

What happens when 500 tons of gold sales are dumped on the market at one time or on one day? Correct, it drives the price down. Investors who want to get out of large positions would spread sales out over time so as not to lower their sales proceeds. The sale took gold down by about $73 per ounce. That means the seller or sellers lost up to $73 dollars 16 million times, or $1,168,000,000. Who can afford to lose that kind of money? Only a central bank that can print it.

I believe that the authorities would like to drive the gold price down further and will, if they can, hit the gold market twice more next week and put gold at $1,400 per ounce or lower. The successive declines could perhaps spook individual holders of physical gold and result in actual net sales of physical gold as people reduced their holdings of the metal.

However, bullion dealer Bill Haynes told kingworldnews.com that last Friday bullion purchasers among the public outpaced sellers by 50 to 1, and that the premiums over the spot price on gold and silver coins are the highest in decades. I myself checked with Gainesville Coins and was told that far more buyers than sellers had responded to the price drop.

Unless the authorities have the actual metal with which to back up the short selling, they could be met with demands for deliveries. Unable to cover the shorts with real metal, the scheme would be exposed.

Do the authorities have the metal with which to cover shorts? I do not know. However, knowledgeable dealers are suspicious. Some think that US physical stocks of gold were used up in sales in efforts to disrupt the rise in the gold price from $272 in December 2000 to $1,900 in 2011. They point to Germany’s recent request that the US return the German gold stored in the US, and to the US government’s reply that it would return the gold piecemeal over seven years. If the US has the gold, why not return it to Germany? The clear implication is that the US cannot deliver the gold.

Andrew Maguire also reports that foreign central banks, especially China, are loading up on physical gold at the low prices made possible by the short selling. If central banks are using their dollar holdings to purchase bullion at bargain prices, the likely results will be pressure on the dollar’s exchange value and a declining market supply of physical bullion. In other words, by trying to protect the dollar from its quantitative easing policy, the Fed might be hastening the dollar’s demise.

Possibly the Fed fears a dollar crisis or derivative blowup is nearing and is trying to reset the gold/dollar price prior to the outbreak of trouble. If ill winds are forecast, the Fed might feel it is better positioned to deal with crisis if the price of bullion is lower and confidence in bullion as a refuge has been shaken.

In addition to short selling that is clearly intended to drive down the gold price, orchestration is also indicated by the advance announcements this month first from brokerage houses and then from Goldman Sachs that hedge funds and institutional investors would be selling their gold positions. The purpose of these announcements was to encourage individual investors to get out of gold before the big boys did. Does anyone believe that hedge funds and Wall Street would announce their sales in advance so the small fry can get out of gold at a higher price than they do? If these advanced announcements are not orchestration, what are they?

I see the orchestrated effort to suppress the price of gold and silver as a sign that the authorities are frightened that trouble is brewing that they cannot control unless there is strong confidence in the dollar. Otherwise, what is the point of the heavy short selling and orchestrated announcements of gold sales in advance of the sales?

Source here (13.04.13). Unfolding gold news and commentary here (18.04.13), here (18.04.13), here (17.04.13), here (17.04.13), here (17.04.13), here (17.04.13), here (16.04.13), here (16.04.13), here (16.04.13), here (16.04.13), here (15.04.13), here (15.04.13), here (15.04.13), here (14.04.13), here (14.04.13), here (14.04.13) and here (13.04.13).

Freedom Council with James Rink and Doug… “TONA, NESARA, Saint Germain”… March 30, 2013… VIDEO and MP3s


Thanks to my friend Kauilapele and his amazing blog, Kauilapele’s Blog, we learn a bit about James Rink. Who is James Rink and what is he creating these days. Enjoy this sharing on American history! Ed

Kauilapele's Blog

freedom_council_james_rink_logo1[UPDATE: “TONA” = “Titles of Nobility Amendment” (the original 13th amendment)]

This video, by James Rink and Doug, is more data. I may have more to say about all this later. But I found this fellow “Doug” (and James Rink, who appears to have just graduated high school) presented a lot of information here, some of which I have not heard about, but much which is backed up by what I have heard from other sources, both past and present.

They do speak briefly about OPPT, but appear to lack any in-depth understanding of what it is. They seem to hone in on the “$5 billion per person” part found in an earlier document, and demonstrate only a cursory knowledge of the OPPT.

Overall, I feel this information may help some understand that there is a process going on, a process to release humanity from the…

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The latest from Jean Haines at her blog; 2012: What’s the “real” truth


Hello everyone!  I really resonate with what my friend Jean is saying here!  How do you feel about this?  Ed

My Blog Now Takes On A New Direction, by ~Jean

Posted on April 6, 2013 by

Let me start by trying to clear up what I believe is a misunderstanding. I think many of you have misinterpreted Neil’s work in regards to his understanding of money. If you read his most recent article, it is all about breaking the death hold of the cabal on us – via our money system. This is the same reason I long ago focused my blog on the financial aspects of the shift that is taking place and is perhaps the reason why Neil and I met here on my blog. I, like Neil, felt that when we broke this financial stranglehold, then everything else would fall rapidly into place: the abuse of our children, food, planet, working conditions, tax system (illegal in the United States and Canada; there aren’t any laws on the books – don’t know about other places), the out-and-out thievery of our incomes, our Social Security, the usury, and on and on.

My belief is that money, in and of itself, is not the problem. It is the human element, the confused human viewpoint concerning money that is the problem. Neil understands the failed money system completely, and I believe I do, too. It is my belief that we are now moving into a rapid process of change, and Neil is providing the pathway to get to the place many of you now foresee. Please read this quote from Neil’s most recent article:

read more at…

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