Showing posts with label 22 pistols. Show all posts
Showing posts with label 22 pistols. Show all posts

Wednesday, December 18, 2013

9/11 al Qaeda didn't act alone...


From: nypost.com
After the 9/11 attacks, the public was told al Qaeda acted alone, with no state sponsors.
But the White House never let it see an entire section of Congress’ investigative report on 9/11 dealing with “specific sources of foreign support” for the 19 hijackers, 15 of whom were Saudi nationals.
It was kept secret and remains so today.
President Bush inexplicably censored 28 full pages of the 800-page report. Text isn’t just blacked-out here and there in this critical-yet-missing middle section. The pages are completely blank, except for dotted lines where an estimated 7,200 words once stood (this story by comparison is about 1,000 words)
blank, except for dotted lines where an estimated 7,200 words once stood (this story by comparison is about 1,000 words).
A pair of lawmakers who recently read the redacted portion say they are “absolutely shocked” at the level of foreign state involvement in the attacks.
Reps. Walter Jones (R-NC) and Stephen Lynch (D-Mass.) can’t reveal the nation identified by it without violating federal law. So they’ve proposed Congress pass a resolution asking President Obama to declassify the entire 2002 report, “Joint Inquiry Into Intelligence Community Activities Before and After the Terrorist Attacks of September 11, 2001.”
Some information already has leaked from the classified section, which is based on both CIA and FBI documents, and it points back to Saudi Arabia, a presumed ally.
The Saudis deny any role in 9/11, but the CIA in one memo reportedly found “incontrovertible evidence” that Saudi government officials — not just wealthy Saudi hardliners, but high-level diplomats and intelligence officers employed by the kingdom — helped the hijackers both financially and logistically. The intelligence files cited in the report directly implicate the Saudi embassy in Washington and consulate in Los Angeles in the attacks, making 9/11 not just an act of terrorism, but an act of war.
Modal Trigger
The findings, if confirmed, would back up open-source reporting showing the hijackers had, at a minimum, ties to several Saudi officials and agents while they were preparing for their attacks inside the United States. In fact, they got help from Saudi VIPs from coast to coast:
LOS ANGELES: Saudi consulate official Fahad al-Thumairy allegedly arranged for an advance team to receive two of the Saudi hijackers — Khalid al-Mihdhar and Nawaf al-Hazmi — as they arrived at LAX in 2000. One of the advance men, Omar al-Bayoumi, a suspected Saudi intelligence agent, left the LA consulate and met the hijackers at a local restaurant. (Bayoumi left the United States two months before the attacks, while Thumairy was deported back to Saudi Arabia after 9/11.)
SAN DIEGO: Bayoumi and another suspected Saudi agent, Osama Bassnan, set up essentially a forward operating base in San Diego for the hijackers after leaving LA. They were provided rooms, rent and phones, as well as private meetings with an American al Qaeda cleric who would later become notorious, Anwar al-Awlaki, at a Saudi-funded mosque he ran in a nearby suburb. They were also feted at a welcoming party. (Bassnan also fled the United States just before the attacks.)
WASHINGTON: Then-Saudi Ambassador Prince Bandar and his wife sent checks totaling some $130,000 to Bassnan while he was handling the hijackers. Though the Bandars claim the checks were “welfare” for Bassnan’s supposedly ill wife, the money nonetheless made its way into the hijackers’ hands.
Other al Qaeda funding was traced back to Bandar and his embassy — so much so that by 2004 Riggs Bank of Washington had dropped the Saudis as a client.
The next year, as a number of embassy employees popped up in terror probes, Riyadh recalled Bandar.
“Our investigations contributed to the ambassador’s departure,” an investigator who worked with the Joint Terrorism Task Force in Washington told me, though Bandar says he left for “personal reasons.”
FALLS CHURCH, VA.: In 2001, Awlaki and the San Diego hijackers turned up together again — this time at the Dar al-Hijrah Islamic Center, a Pentagon-area mosque built with funds from the Saudi Embassy. Awlaki was recruited 3,000 miles away to head the mosque. As its imam, Awlaki helped the hijackers, who showed up at his doorstep as if on cue. He tasked a handler to help them acquire apartments and IDs before they attacked the Pentagon.
Awlaki worked closely with the Saudi Embassy. He lectured at a Saudi Islamic think tank in Merrifield, Va., chaired by Bandar. Saudi travel itinerary documents I’ve obtained show he also served as the ­official imam on Saudi Embassy-sponsored trips to Mecca and tours of Saudi holy sites.
Most suspiciously, though, Awlaki fled the United States on a Saudi jet about a year after 9/11.
As I first reported in my book, “Infiltration,” quoting from classified US documents, the Saudi-sponsored cleric was briefly detained at JFK before being released into the custody of a “Saudi representative.” A federal warrant for Awlaki’s arrest had mysteriously been withdrawn the previous day. A US drone killed Awlaki in Yemen in 2011.
HERNDON, VA.: On the eve of the attacks, top Saudi government official Saleh Hussayen checked into the same Marriott Residence Inn near Dulles Airport as three of the Saudi hijackers who targeted the Pentagon. Hussayen had left a nearby hotel to move into the hijackers’ hotel. Did he meet with them? The FBI never found out. They let him go after he “feigned a seizure,” one agent recalled. (Hussayen’s name doesn’t appear in the separate 9/11 Commission Report, which clears the Saudis.)
SARASOTA, FLA.: 9/11 ringleader Mohamed Atta and other hijackers visited a home owned by Esam Ghazzawi, a Saudi adviser to the nephew of King Fahd. FBI agents investigating the connection in 2002 found that visitor logs for the gated community and photos of license tags matched vehicles driven by the hijackers. Just two weeks before the 9/11 attacks, the Saudi luxury home was abandoned. Three cars, including a new Chrysler PT Cruiser, were left in the driveway. Inside, opulent furniture was untouched.
Democrat Bob Graham, the former Florida senator who chaired the Joint Inquiry, has asked the FBI for the Sarasota case files, but can’t get a single, even heavily redacted, page released. He says it’s a “coverup.”
Is the federal government protecting the Saudis? Case agents tell me they were repeatedly called off pursuing 9/11 leads back to the Saudi Embassy, which had curious sway over White House and FBI responses to the attacks.
Just days after Bush met with the Saudi ambassador in the White House, the FBI evacuated from the United States dozens of Saudi officials, as well as Osama bin Laden family members. Bandar made the request for escorts directly to FBI headquarters on Sept. 13, 2001 — just hours after he met with the president. The two old family friends shared cigars on the Truman Balcony while discussing the attacks.
Bill Doyle, who lost his son in the World Trade Center attacks and heads the Coalition of 9/11 Families, calls the suppression of Saudi evidence a “coverup beyond belief.” Last week, he sent out an e-mail to relatives urging them to phone their representatives in Congress to support the resolution and read for themselves the censored 28 pages.
Astonishing as that sounds, few lawmakers in fact have bothered to read the classified section of arguably the most important investigation in US history.
Granted, it’s not easy to do. It took a monthlong letter-writing campaign by Jones and Lynch to convince the House intelligence panel to give them access to the material.
But it’s critical they take the time to read it and pressure the White House to let all Americans read it. This isn’t water under the bridge. The information is still relevant ­today. Pursuing leads further, getting to the bottom of the foreign support, could help head off another 9/11.
As the frustrated Joint Inquiry authors warned, in an overlooked addendum to their heavily redacted 2002 report, “State-sponsored terrorism substantially increases the likelihood of successful and more ­lethal attacks within the United States.”
Their findings must be released, even if they forever change US-Saudi relations. If an oil-rich foreign power was capable of orchestrating simultaneous bulls-eye hits on our centers of commerce and defense a dozen years ago, it may be able to pull off similarly devastating attacks today.
Members of Congress reluctant to read the full report ought to remember that the 9/11 assault missed its fourth target: them.
Paul Sperry is a Hoover Institution media fellow and author of “Infiltration” and “Muslim Mafia.”

Wednesday, October 30, 2013

What is he planning????

On October 12, 2013, ABC’s Dianne Sawyer brought us a
video of a 9th, yes 9th, General fired from the military
this week. It’s even reaching some of the more liberal
stations and begging them to ask the question, “What is
going on?” It seems President Obama is preparing what he
calls “my military” for his version of the final
solution. With all the documentation we have, it looks
as though he is purging the military for the next step.

We have now seen this official President Obama
temper-tantrum in action this week. But is it a
temper-tantrum or is there a method to his madness?

We have been warned by a Pentagon Official to expect
radical changes. You heard of our dire warnings of
Chinese Economists planning to foreclose and forming the
TPP Treaty (Trans-Pacific-Partnership Treaty ..Google
it) that could set a global economy in motion. We have
the very real possibility of 16 U.S. States being
shut-down and handed over due to debt in this mess. We
even have a CIA whistle blower warning us that President
Obama wants to radically take over power. People are
crying out, where is our military in this mess?

Well, there seems to be some very credible evidence that
since last year and through this year that there has
been a “litmus test” given to American Military
Officers. The Main point of that test, “Would you fire
on an American Citizen?” If you say no, then as Donald
Trump would say, “Your fired!” Since the beginning of
the year these retired officers have come forward with
““President Obama is preparing for war against the
U.S.”. We even know Dr. Garrow and others confirmed this
litmus test.

Then we have heard President Obama himself talk about
“My Military”.

And this isn’t all. This strange chain of firings from
the Military is so bizarre and so unheard of that even
Dianne Sawyer of ABC news reached out to cover it when
the 9th, yes 9th, Military Commanding Officer was
relieved of duty in less than a year. This doesn’t
include the long list last year, this is just the nine
individuals this year alone.
General Carter Hamm, United States Army-Served as head
of the United States African Command. Was in charge of
the US African command during the fateful night of
September 11, 2012 when the lives of four American
citizens was taken in the Embassy in Benghazi. Hamm was
extremely critical of our Commander and Chief and stated
he lied about not having reinforcements in the area on
that night. Hamm “resigned and retired” on April of
2013.

Rear Admiral Charles Gaouette/United States
Navy-Commander of Carrier Strike Group Three. His most
recent activity served as Deputy Commander of the US
Naval Forces, US Central Command. He was in charge of
Air Craft Carriers in the Mediterranean Sea the night of
September 11, 2012. He testified before the hearing
committee and said that there may not have been time to
get the flight crews there but left the door open on if
told when the events took place if that he could have
had the aircraft launched upon cross-examination by Rep.
Tray Gowdey. Recently fired from the Administrative post
and relieved of Duty by the Obama Administration for
“utterance of a racial slur”.


Major General Ralph Baker, United States Army- Major
General Baker served as the Commander of the Joint Task
Force-Horn at Camp Lamar, Djibouti, Africa. Was also
involved in some aspect with the incident September 11,
2012, being under the African Command. Had said he
believed attack helicopters could have made it in time.
Relieved of command and fired for groping a civilian (no
assault charges or sexual misconduct charges filed with
JAG)

Brigadier General Bryan Roberts, United States
Army-General Roberts took command of Fort Jackson in
2011. Was considered a rising star in his field. He
served in Iraq during his service as the Commanding
Officer of the 2nd Brigade Combat Team, and was the
Deputy Commanding General of the United States Army
Recruiting Command, Fort Knox, KY. Relieved of Duty and
Fired for Adultery. While this is still on the books in
the United States Code of Military Justice, it has
rarely been used since President Bill Clinton’s
indiscretions.

Major General Gregg A. Sturdevant, United States Marine
Corps-Director of Strategic Planning and Policy of for
the United States Pacific Command and Commander of the
aviation wing at Camp Bastion, Afghanistan. Highly
decorated soldier with two Naval and Marine
Commendations and two Naval and Marine Good Conduct
medals. He also has an Air Medal with a gold star. He
served honorably and distinctively. He had asked about
supplies to his command. He was one of two commanding
officers suddenly relieved of command and fired from the
military for failure of proper force protection.
Major General Charles M.M. Gurganus, United States
Marine Corps- Regional Commander in the Southwest and I
Marine Expeditionary Force (a forward or frontal
division) in Afghanistan. Also Highly decorated with a
Defense Superior Service Medal, two Legion of Merritt
w/Valor, and three Meritorious Service Commendations.
Major General C.M.M. Gurganus had questioned the use of
Afghanistan patrols along side American patrols after
two officers were executed at their desk and a platoon
was lead into an ambush on the front lines. Was the
other commander relieved of duty for failure of proper
force protection.

Lieutenant General David Holmes Huntoon Jr, United
States Army-Served as the 58th Superintendent of the
United States Military Academy at West Point, NY. He had
graduated from the same academy in 1973 and had served
in Senior Planning and Education Services through the
majority of his career. He was “censored” for “an
investigation” into an “improper relationship” according
to The Department of Defense. Nothing was released to
the nature of the improper relationship. Nothing was
even mentioned if an actual investigation even took
place.

Vice Admiral Tim Giardina, United States Navy-Deputy
Commander of the United States Strategic Command.
Commander of the Submarine Group Trident, Submarine
Group 9 and Submarine Group 10, where every single one
of the 18 Nuclear Submarines with Nuclear Trident
Missiles of those three groups were in his command. This
commander earned six Legions of Merit, Two Meritorious
Service Medals, two Joint Service Commendation Medals,
and several other medals, ribbons and decorations in his
illustrious career. He was removed from service and
fired from the military for the charge of using
counterfeit poker chips (not making that up).

Last on the list, Major General Michael Carry, United
States Air Force-Commander 20th Air Force in charge of
9,600 people and 450 Intercontinental Ballistic Missiles
(ICBM) at three operational wings and served in both
Operation Iraqi Freedom and Operation Enduring Freedom.
He was Fired October 11, 2013, for “Personal
Misbehavior” is what was told to ABC News. He and
Giardina were both the two top Commanders over the
United States Nuclear Arsenal before their dismissal
within 48 hours of each other.
As ABC News reports, this is an extremely alarming rate
and one of the biggest and fastest purges of military
personnel ever recorded. It apparently is such a shock
at the rate even for a long time veteran of reporting
the news as Dianne Sawyer, because at one point she gets
heated saying two Commanders of the Nuclear Command.

You don’t put people who are not very intelligent and
without a squeaky clean record over that area of the
Military. It is enough to make the hardest and
staunchest of supporters as the ABC news crew to pause
and ask themselves, “what is he planning?”.

Saturday, August 31, 2013

NEWS FLASH

ARCHAEOLOGY NEWSFLASH 370
Henry Kroll, this news is from Jonathan Gray
- www.beforeus.com You authorized this mailing
when you requested your gift report on our web-site.
See below for removal directions.
PLEASE NOTE: I always try to answer all email requests.
If you receive no reply it is because no person alive
sees emails addressed to info1@archaeologyanswers.com
Please resend your question to
info@archaeologyanswers.com. (info@ - not info1@)
and I promise you an answer.

"TELL ME" SHE BEGGED
Kirsty was bubbling. "I only just heard!" she exclaimed."But
I'm told you already know about this."
She crashed onto a chair and looked me straight in the eye.
"Well, what do you know about them - about those six Israelis
dressed as Levitical priests who tried to get into the chamber?"
I just looked at her. But she was not going to let go. "You've
got to tell me," she pressed. "You know, the chamber that
contains the Ark... the Ark of the Covenant. Well... what
happened to them? Were they rabbis?"
I paused for a few moments, studying her wide eyes, and wondering
how much should be revealed.
"We don’t know if they were rabbis or not," I replied. "However,
we were in Jerusalem at the time. And we had direct inter-action
with one person involved.
"The Ark of the Covenant is calculated to be 370 feet north of the
old city wall of Jerusalem - which would locate it in occupied Arab
territory.
"As you may be aware, the late Yasser Arafat had every intention
of getting Jerusalem back, including this area. And the U.N. and
the United States seemed to be intent on forcing Israel to
accept that situation.
Well, it seems the Israeli authorities wanted to move the Ark of
the Covenant out of occupied territory, into their own territory.
So, reportedly, they allowed or arranged for six men, who were
dressed in the ancient Levitical garb, to go in and move the Ark."
YOU DON'T ASK TOO MANY QUESTIONS
This is a rather sensitive issue, I explained to Kirsty.
In fact, in matters like this you don't ask too many questions.
One learns from experience that it's best not to get too nosey.
To put you, as well as Kirsty, in the picture, my wife Josephine
and I had arranged to meet our archaeologist friend Ron in
Jerusalem.
However, on this occasion he was delayed in Nashville, Tennesseee,
due to a minor operation. Our schedule demanded that we fly out
before he arrived.
On visits to Israel, Ron has quite often stopped by the
Antiquities office and asked if there was anything he could help
them with.
He had some electronic equipment and some experience using it,
so our team was able to help find things that they sometimes had
problems locating.
With electronics, one can, for example, see if there is something
in a cave, before going to the bother of opening it. So the
Antiquities guys have had the team do some of this.
On this particular occasion they just said, “Well, yes, we do
have a problem you can help us with.”
So that night Ron was to meet them down at Zedekiah’s Cave.
They went in. Once inside the cave, at the entrance to the tunnel
that goes north, they stopped.
WHAT HAPPENED TO THEM?
The Antiquities men announced: “Six men went down this tunnel to
move the Ark to a safer place. And they didn’t come out. Would you
go see what happened to them?”
Well, the Israelis are not cowards, by any stretch of the
imagination.
As it was, the six missing men who entered the tunnel had
walkie-talkies (two-way radios). Undoubtedly they were in contact
with others at the entrance to the tunnel.
We can only surmise that they must have made some horrifying
noises as they died. Otherwise some people would have gone in to
see what happened to them. Nobody would go in.
Well, when Ron went in, there were the six men, all dead.
From the beginning of the tunnel in Zedekiah’s Cave to the
actual chamber containing the Ark of the Covenant is an estimated
370 feet (about 114 meters).
The six men had progressed approximately 70 feet (21 meters)
along the tunnel when they died. All of them died of stroke.
In my subsequent investigation of the event, I was informed that
every one of them was found with both eyes crossed – which a
medical doctor assured me was evidence of a bilateral stroke (
a stroke occurring on both sides of the body).
This allegedly befell all six of them.
Anyway, when Ron saw what had happened, he went back out and told
the Antiquities guys.
They had brought along some rescue baskets made of light-weight
alloy, with ropes tied to them, in case Ron was able to go in.
So he took a basket, and picked up the bodies one at a time, and
put them in the basket, holding it upright, as the men at the
tunnel entrance pulled the basket out.
When they got one to the entrance of the tunnel, Ron took another
one, then went back and did another, until they got all six of the
bodies out.
Ron didn’t ask what they did with them. He didn’t ask anything. He
was asked not to say anything.
But this did appear in a couple of newspapers – that there had been
six Israelis who had died in an effort to retrieve a national
artefact.
Because it was in the papers, some folk have asked if we knew
about it. The answer, of course, is yes. For this reason I have
shared the above information.
This incident may remind you of some Old Testament accounts in
which unauthorised men who approached, touched or looked into
the Ark dropped dead.
So apparently, nothing has changed. The Ark remains a very sacred
object. And if you ask me, it will remain where it is and no one
will move it.
WALKING ON A KNIFE EDGE
Of course, as you are aware, Israel today is on tenterhooks. The
government is nervous. It does not want war. Neither do most of
the people, whether Israeli or Arab.
But it is against this background that we must view the current
official attitude toward the reported Ark of the Covenant
discovery. You won't get them to admit much.
Whatever way you view it, that ancient golden chest from Solomon's
Temple is potentially the most explosive object on earth…
archaeologically, politically and religiously.
The barrier of silence should not surprise us. In virtually every
country, official denials of numerous matters are standard
procedure. And in such cases, almost all personnel even in the
department concerned are kept in the dark.
CONSPIRACY OF SILENCE
A classic example of the denials policy in action was seen in
April, 1995, after Channel 7 radio in Israel broke the news
that Foreign Minister Shimon Peres had met with the Pope with
a proposal to place the Old City of Jerusalem under Vatican
control.
Israel's ambassador in Rome, Shmuel Hadas, and Peres himself,
denied such a plan.
However, a copy of a telegram sent by Miriam Ziv to the Foreign
Ministry in Jerusalem, outlining Peres' planes, surfaced and
was printed in the "Hatzofe" newspaper.
Former Prime Minister Yitzhak Shamir told the "Jewish Press"
that:
"This is similar to Peres' denial that there was ever a letter
with promises to Arafat about Jerusalem and later the letter
surfaced. Now this telegram was revealed. Who knows what else
they are concealing from the public?" (Issue of April 14-20,
1995)
IT'S TIME TO SPEAK UP
Anyway, Henry Kroll, something has to be told. So, after much
consideration, I'm about to rip apart a curtain of silence about
the Ark.
Yes, yes... I know. The Ark's been reported in Ethiopia...
in Jordan... in Egypt... and a dozen other places.
Indeed, there have to be replicas. But originals? There can be
only one. And that's what we're talking about.
You won't want to miss this incredible true story.
Here are revealed the down-to-earth inside secrets about a lost
treasure... a dangerous search... and an almost unbelievable
discovery claim.
And yet, when you face all the strands of evidence, what else
could it be?
I'll take you along a trail of archaeological surprises, through
forgotten history and right up until now.
Why did an Israeli ex-Secret service agent say to me, "you have
just filled in the missing gaps in what I already knew"?
What sinister secret associated with the Ark is being covered
up?
You can go here to see more:
http://www.beforeus.com/aoc.html
Thanks for patiently bearing with me.
Warm regards,
Jonathan Gray
info@archaeologyanswers.com

Friday, May 3, 2013

DON''T GIVE UP YOUR GUNS!!!


ROLLING STONE: “Conspiracy Theorists Of The World, Believers In The Hidden Hands Of The Rothschilds, We Skeptics Owe You An Apology.”

Guy Fawkes ~ Father Of
                      Vendetta Anonymous.
Guy Fawkes ~ Father Of Vendetta Anonymous.

Conspiracy theorists of the world, believers in the hidden hands of the Rothschilds and the Masons and the Illuminati, we skeptics owe you an apology. You were right. The players may be a little different, but your basic premise is correct: The world is a rigged game. We found this out in recent months, when a series of related corruption stories spilled out of the financial sector, suggesting the world’s largest banks may be fixing the prices of, well, just about everything.
You may have heard of the Libor scandal, in which at least three – and perhaps as many as 16 – of the name-brand too-big-to-fail banks have been manipulating global interest rates, in the process messing around with the prices of upward of $500 trillion (that’s trillion, with a “t”) worth of financial instruments. When that sprawling con burst into public view last year, it was easily the biggest financial scandal in history – MIT professor Andrew Lo even said it “dwarfs by orders of magnitude any financial scam in the history of markets.”
That was bad enough, but now Libor may have a twin brother. Word has leaked out that the London-based firm ICAP, the world’s largest broker of interest-rate swaps, is being investigated by American authorities for behavior that sounds eerily reminiscent of the Libor mess. Regulators are looking into whether or not a small group of brokers at ICAP may have worked with up to 15 of the world’s largest banks to manipulate ISDAfix, a benchmark number used around the world to calculate the prices of interest-rate swaps.
Interest-rate swaps are a tool used by big cities, major corporations and sovereign governments to manage their debt, and the scale of their use is almost unimaginably massive. It’s about a $379 trillion market, meaning that any manipulation would affect a pile of assets about 100 times the size of the United States federal budget.
  1. Rothschild

Mail Attachment
  1. Psychiatry: The True Shadow Government ~ Tavistock Where Deception Is Taught.

It should surprise no one that among the players implicated in this scheme to fix the prices of interest-rate swaps are the same megabanks – including Barclays, UBS, Bank of America, JPMorgan Chase and the Royal Bank of Scotland – that serve on the Libor panel that sets global interest rates.
In fact, in recent years many of these banks have already paid multimillion-dollar settlements for anti-competitive manipulation of one form or another (in addition to Libor, some were caught up in an anti-competitive scheme, detailed in Rolling Stone last year, to rig municipal-debt service auctions).
Though the jumble of financial acronyms sounds like gibberish to the layperson, the fact that there may now be price-fixing scandals involving both Libor and ISDAfix suggests a single, giant mushrooming conspiracy of collusion and price-fixing hovering under the ostensibly competitive veneer of Wall Street culture.
Creator Of The World's Mafia ~ Rothschild
Creator Of The World’s Mafia ~ Rothschild
Why? Because Libor already affects the prices of interest-rate swaps, making this a manipulation-on-manipulation situation. If the allegations prove to be right, that will mean that swap customers have been paying for two different layers of price-fixing corruption. If you can imagine paying 20 bucks for a crappy PB&J because some evil cabal of agribusiness companies colluded to fix the prices of both peanuts and peanut butter, you come close to grasping the lunacy of financial markets where both interest rates and interest-rate swaps are being manipulated at the same time, often by the same banks.
“It’s a double conspiracy,” says an amazed Michael Greenberger, a former director of the trading and markets division at the Commodity Futures Trading Commission and now a professor at the University of Maryland. “It’s the height of criminality.”
The bad news didn’t stop with swaps and interest rates. In March, it also came out that two regulators – the CFTC here in the U.S. and the Madrid-based International Organization of Securities Commissions – were spurred by the Libor revelations to investigate the possibility of collusive manipulation of gold and silver prices. “Given the clubby manipulation efforts we saw in Libor benchmarks, I assume other benchmarks – many other benchmarks – are legit areas of inquiry,” CFTC Commissioner Bart Chilton said.
But the biggest shock came out of a federal courtroom at the end of March – though if you follow these matters closely, it may not have been so shocking at all – when a landmark class-action civil lawsuit against the banks for Libor-related offenses was dismissed. In that case, a federal judge accepted the banker-defendants’ incredible argument: If cities and towns and other investors lost money because of Libor manipulation, that was their own fault for ever thinking the banks were competing in the first place.
  1. 9/11 Completely Unmasked: Black 9/11~ Money, Motive, Technology, & Deniability!

“A farce,” was one antitrust lawyer’s response to the eyebrow-raising dismissal.
“Incredible,” says Sylvia Sokol, an attorney for Constantine Cannon, a firm that specializes in antitrust cases.
All of these stories collectively pointed to the same thing: These banks, which already possess enormous power just by virtue of their financial holdings – in the United States, the top six banks, many of them the same names you see on the Libor and ISDAfix panels, own assets equivalent to 60 percent of the nation’s GDP – are beginning to realize the awesome possibilities for increased profit and political might that would come with colluding instead of competing. Moreover, it’s increasingly clear that both the criminal justice system and the civil courts may be impotent to stop them, even when they do get caught working together to game the system.
If true, that would leave us living in an era of undisguised, real-world conspiracy, in which the prices of currencies, commodities like gold and silver, even interest rates and the value of money itself, can be and may already have been dictated from above. And those who are doing it can get away with it. Forget the Illuminati – this is the real thing, and it’s no secret. You can stare right at it, anytime you want.
he banks found a loophole, a basic flaw in the machine. Across the financial system, there are places where prices or official indices are set based upon unverified data sent in by private banks and financial companies. In other words, we gave the players with incentives to game the system institutional roles in the economic infrastructure.
Libor, which measures the prices banks charge one another to borrow money, is a perfect example, not only of this basic flaw in the price-setting system but of the weakness in the regulatory framework supposedly policing it. Couple a voluntary reporting scheme with too-big-to-fail status and a revolving-door legal system, and what you get is unstoppable corruption.
Every morning, 18 of the world’s biggest banks submit data to an office in London about how much they believe they would have to pay to borrow from other banks. The 18 banks together are called the “Libor panel,” and when all of these data from all 18 panelist banks are collected, the numbers are averaged out. What emerges, every morning at 11:30 London time, are the daily Libor figures.
Banks submit numbers about borrowing in 10 different currencies across 15 different time periods, e.g., loans as short as one day and as long as one year. This mountain of bank-submitted data is used every day to create benchmark rates that affect the prices of everything from credit cards to mortgages to currencies to commercial loans (both short- and long-term) to swaps.
Jacob Rothschild
Jacob Rothschild
Dating back perhaps as far as the early Nineties, traders and others inside these banks were sometimes calling up the company geeks responsible for submitting the daily Libor numbers (the “Libor submitters”) and asking them to fudge the numbers. Usually, the gimmick was the trader had made a bet on something – a swap, currencies, something – and he wanted the Libor submitter to make the numbers look lower (or, occasionally, higher) to help his bet pay off.
Famously, one Barclays trader monkeyed with Libor submissions in exchange for a bottle of Bollinger champagne, but in some cases, it was even lamer than that. This is from an exchange between a trader and a Libor submitter at the Royal Bank of Scotland:
SWISS FRANC TRADER: can u put 6m swiss libor in low pls?…
PRIMARY SUBMITTER: Whats it worth
SWSISS FRANC TRADER: ive got some sushi rolls from yesterday?…
PRIMARY SUBMITTER: ok low 6m, just for u
SWISS FRANC TRADER: wooooooohooooooo. . . thatd be awesome
Screwing around with world interest rates that affect billions of people in exchange for day-old sushi – it’s hard to imagine an image that better captures the moral insanity of the modern financial-services sector.
Hundreds of similar exchanges were uncovered when regulators like Britain’s Financial Services Authority and the U.S. Justice Department started burrowing into the befouled entrails of Libor. The documentary evidence of anti-competitive manipulation they found was so overwhelming that, to read it, one almost becomes embarrassed for the banks. “It’s just amazing how Libor fixing can make you that much money,” chirped one yen trader. “Pure manipulation going on,” wrote another.
Yet despite so many instances of at least attempted manipulation, the banks mostly skated. Barclays got off with a relatively minor fine in the $450 million range, UBS was stuck with $1.5 billion in penalties, and RBS was forced to give up $615 million. Apart from a few low-level flunkies overseas, no individual involved in this scam that impacted nearly everyone in the industrialized world was even threatened with criminal prosecution.
Two of America’s top law-enforcement officials, Attorney General Eric Holder and former Justice Department Criminal Division chief Lanny Breuer, confessed that it’s dangerous to prosecute offending banks because they are simply too big. Making arrests, they say, might lead to “collateral consequences” in the economy.
The relatively small sums of money extracted in these settlements did not go toward reparations for the cities, towns and other victims who lost money due to Libor manipulation. Instead, it flowed mindlessly into government coffers. So it was left to towns and cities like Baltimore (which lost money due to fluctuations in their municipal investments caused by Libor movements), pensions like the New Britain, Connecticut, Firefighters’ and Police Benefit Fund, and other foundations – and even individuals (billionaire real-estate developer Sheldon Solow, who filed his own suit in February, claims that his company lost $450 million because of Libor manipulation) – to sue the banks for damages.
One of the biggest Libor suits was proceeding on schedule when, early in March, an army of superstar lawyers working on behalf of the banks descended upon federal judge Naomi Buchwald in the Southern District of New York to argue an extraordinary motion to dismiss. The banks’ legal dream team drew from heavyweight Beltway-connected firms like Boies Schiller (you remember David Boies represented Al Gore), Davis Polk (home of top ex-regulators like former SEC enforcement chief Linda Thomsen) and Covington & Burling, the onetime private-practice home of both Holder and Breuer.
Rothschild Bank Dick
Rothschild Bank Dick
The presence of Covington & Burling in the suit – representing, of all companies, Citigroup, the former employer of current Treasury Secretary Jack Lew – was particularly galling. Right as the Libor case was being dismissed, the firm had hired none other than Lanny Breuer, the same Lanny Breuer who, just a few months before, was the assistant attorney general who had balked at criminally prosecuting UBS over Libor because, he said, “Our goal here is not to destroy a major financial institution.”
In any case, this all-star squad of white-shoe lawyers came before Buchwald and made the mother of all audacious arguments. Robert Wise of Davis Polk, representing Bank of America, told Buchwald that the banks could not possibly be guilty of anti- competitive collusion because nobody ever said that the creation of Libor was competitive. “It is essential to our argument that this is not a competitive process,” he said. “The banks do not compete with one another in the submission of Libor.”
If you squint incredibly hard and look at the issue through a mirror, maybe while standing on your head, you can sort of see what Wise is saying. In a very theoretical, technical sense, the actual process by which banks submit Libor data – 18 geeks sending numbers to the British Bankers’ Association offices in London once every morning – is not competitive per se.
But these numbers are supposed to reflect interbank-loan prices derived in a real, competitive market. Saying the Libor submission process is not competitive is sort of like pointing out that bank robbers obeyed the speed limit on the way to the heist. It’s the silliest kind of legal sophistry.
But Wise eventually outdid even that argument, essentially saying that while the banks may have lied to or cheated their customers, they weren’t guilty of the particular crime of antitrust collusion. This is like the old joke about the lawyer who gets up in court and claims his client had to be innocent, because his client was committing a crime in a different state at the time of the offense.
“The plaintiffs, I believe, are confusing a claim of being perhaps deceived,” he said, “with a claim for harm to competition.”
Judge Buchwald swallowed this lunatic argument whole and dismissed most of the case. Libor, she said, was a “cooperative endeavor” that was “never intended to be competitive.” Her decision “does not reflect the reality of this business, where all of these banks were acting as competitors throughout the process,” said the antitrust lawyer Sokol. Buchwald made this ruling despite the fact that both the U.S. and British governments had already settled with three banks for billions of dollars for improper manipulation, manipulation that these companies admitted to in their settlements.
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                        Fighting Rothschild’s Banking Schemes!
Russia Tells United States Citizens Not To Give Up Your Guns: We Learned From Experience Fighting Rothschild’s Banking Schemes!
Michael Hausfeld of Hausfeld LLP, one of the lead lawyers for the plaintiffs in this Libor suit, declined to comment specifically on the dismissal. But he did talk about the significance of the Libor case and other manipulation cases now in the pipeline.
“It’s now evident that there is a ubiquitous culture among the banks to collude and cheat their customers as many times as they can in as many forms as they can conceive,” he said. “And that’s not just surmising. This is just based upon what they’ve been caught at.”
Greenberger says the lack of serious consequences for the Libor scandal has only made other kinds of manipulation more inevitable. “There’s no therapy like sending those who are used to wearing Gucci shoes to jail,” he says. “But when the attorney general says, ‘I don’t want to indict people,’ it’s the Wild West. There’s no law.”
ROTHSCHILD train
The problem is, a number of markets feature the same infrastructural weakness that failed in the Libor mess. In the case of interest-rate swaps and the ISDAfix benchmark, the system is very similar to Libor, although the investigation into these markets reportedly focuses on some different types of improprieties.
Though interest-rate swaps are not widely understood outside the finance world, the root concept actually isn’t that hard. If you can imagine taking out a variable-rate mortgage and then paying a bank to make your loan payments fixed, you’ve got the basic idea of an interest-rate swap.
In practice, it might be a country like Greece or a regional government like Jefferson County, Alabama, that borrows money at a variable rate of interest, then later goes to a bank to “swap” that loan to a more predictable fixed rate. In its simplest form, the customer in a swap deal is usually paying a premium for the safety and security of fixed interest rates, while the firm selling the swap is usually betting that it knows more about future movements in interest rates than its customers.
Prices for interest-rate swaps are often based on ISDAfix, which, like Libor, is yet another of these privately calculated benchmarks. ISDAfix’s U.S. dollar rates are published every day, at 11:30 a.m. and 3:30 p.m., after a gang of the same usual-suspect megabanks (Bank of America, RBS, Deutsche, JPMorgan Chase, Barclays, etc.) submits information about bids and offers for swaps.
And here’s what we know so far: The CFTC has sent subpoenas to ICAP and to as many as 15 of those member banks, and plans to interview about a dozen ICAP employees from the company’s office in Jersey City, New Jersey. Moreover, the International Swaps and Derivatives Association, or ISDA, which works together with ICAP (for U.S. dollar transactions) and Thomson Reuters to compute the ISDAfix benchmark, has hired the consulting firm Oliver Wyman to review the process by which ISDAfix is calculated.
ROTHSCHILDISM 1
Oliver Wyman is the same company that the British Bankers’ Association hired to review the Libor submission process after that scandal broke last year. The upshot of all of this is that it looks very much like ISDAfix could be Libor all over again.
“It’s obviously reminiscent of the Libor manipulation issue,” Darrell Duffie, a finance professor at Stanford University, told reporters. “People may have been naive that simply reporting these rates was enough to avoid manipulation.”
And just like in Libor, the potential losers in an interest-rate-swap manipulation scandal would be the same sad-sack collection of cities, towns, companies and other nonbank entities that have no way of knowing if they’re paying the real price for swaps or a price being manipulated by bank insiders for profit. Moreover, ISDAfix is not only used to calculate prices for interest-rate swaps, it’s also used to set values for about $550 billion worth of bonds tied to commercial real estate, and also affects the payouts on some state-pension annuities.
So although it’s not quite as widespread as Libor, ISDAfix is sufficiently power-jammed into the world financial infrastructure that any manipulation of the rate would be catastrophic – and a huge class of victims that could include everyone from state pensioners to big cities to wealthy investors in structured notes would have no idea they were being robbed.
“How is some municipality in Cleveland or wherever going to know if it’s getting ripped off?” asks Michael Masters of Masters Capital Management, a fund manager who has long been an advocate of greater transparency in the derivatives world. “The answer is, they won’t know.”

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Worse still, the CFTC investigation apparently isn’t limited to possible manipulation of swap prices by monkeying around with ISDAfix. According to reports, the commission is also looking at whether or not employees at ICAP may have intentionally delayed publication of swap prices, which in theory could give someone (bankers, cough, cough) a chance to trade ahead of the information.
Swap prices are published when ICAP employees manually enter the data on a computer screen called “19901.” Some 6,000 customers subscribe to a service that allows them to access the data appearing on the 19901 screen.
The key here is that unlike a more transparent, regulated market like the New York Stock Exchange, where the results of stock trades are computed more or less instantly and everyone in theory can immediately see the impact of trading on the prices of stocks, in the swap market the whole world is dependent upon a handful of brokers quickly and honestly entering data about trades by hand into a computer terminal.
Any delay in entering price data would provide the banks involved in the transactions with a rare opportunity to trade ahead of the information. One way to imagine it would be to picture a racetrack where a giant curtain is pulled over the track as the horses come down the stretch – and the gallery is only told two minutes later which horse actually won. Anyone on the right side of the curtain could make a lot of smart bets before the audience saw the results of the race.
At ICAP, the interest-rate swap desk, and the 19901 screen, were reportedly controlled by a small group of 20 or so brokers, some of whom were making millions of dollars. These brokers made so much money for themselves the unit was nicknamed “Treasure Island.”
Rothschild's Choice Gorbachev
Already, there are some reports that brokers of Treasure Island did create such intentional delays. Bloomberg interviewed a former broker who claims that he watched ICAP brokers delay the reporting of swap prices. “That allows dealers to tell the brokers to delay putting trades into the system instead of in real time,” Bloomberg wrote, noting the former broker had “witnessed such activity firsthand.” An ICAP spokesman has no comment on the story, though the company has released a statement saying that it is “cooperating” with the CFTC’s inquiry and that it “maintains policies that prohibit” the improper behavior alleged in news reports.
The idea that prices in a $379 trillion market could be dependent on a desk of about 20 guys in New Jersey should tell you a lot about the absurdity of our financial infrastructure. The whole thing, in fact, has a darkly comic element to it. “It’s almost hilarious in the irony,” says David Frenk, director of research for Better Markets, a financial-reform advocacy group, “that they called it ISDAfix.”
After scandals involving libor and, perhaps, ISDAfix, the question that should have everyone freaked out is this: What other markets out there carry the same potential for manipulation? The answer to that question is far from reassuring, because the potential is almost everywhere. From gold to gas to swaps to interest rates, prices all over the world are dependent upon little private cabals of cigar-chomping insiders we’re forced to trust.
Warren Buffett
Warren Buffett
“In all the over-the-counter markets, you don’t really have pricing except by a bunch of guys getting together,” Masters notes glumly.
That includes the markets for gold (where prices are set by five banks in a Libor-ish teleconferencing process that, ironically, was created in part by N M Rothschild & Sons) and silver (whose price is set by just three banks), as well as benchmark rates in numerous other commodities – jet fuel, diesel, electric power, coal, you name it. The problem in each of these markets is the same: We all have to rely upon the honesty of companies like Barclays (already caught and fined $453 million for rigging Libor) or JPMorgan Chase (paid a $228 million settlement for rigging municipal-bond auctions) or UBS (fined a collective $1.66 billion for both muni-bond rigging and Libor manipulation) to faithfully report the real prices of things like interest rates, swaps, currencies and commodities.
All of these benchmarks based on voluntary reporting are now being looked at by regulators around the world, and God knows what they’ll find. The European Federation of Financial Services Users wrote in an official EU survey last summer that all of these systems are ripe targets for manipulation. “In general,” it wrote, “those markets which are based on non-attested, voluntary submission of data from agents whose benefits depend on such benchmarks are especially vulnerable of market abuse and distortion.”
Translation: When prices are set by companies that can profit by manipulating them, we’re fucked.
“You name it,” says Frenk. “Any of these benchmarks is a possibility for corruption.”
The only reason this problem has not received the attention it deserves is because the scale of it is so enormous that ordinary people simply cannot see it. It’s not just stealing by reaching a hand into your pocket and taking out money, but stealing in which banks can hit a few keystrokes and magically make whatever’s in your pocket worth less. This is corruption at the molecular level of the economy, Space Age stealing – and it’s only just coming into view.
JACOB ROTHSCHILD

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