Department of Justice
Governments from Around the World – Including Western, Islamic, Asian and African Nations – ADMIT They Use False Flag TerrorSubmitted by George Washington on 07/08/2014 11:12 -0400
If We Don't Learn Our History, We're Doomed to ... "KaBoom!"
The dollar's demise has been often foretold. The euro, SDRs, the yuan, Bitcoins all were going to be viable alternatives. The dollar persists.
nowhere is it clearer that nothing at all has changed when it comes to crony capitalist behind the scenes muppetry, than in the latest Reuters exclusive of the white glove treatment "evil" BNP got in order to make sure the full wrath of US justice doesn't damage the criminal money launderer too severely. "The New York state banking regulator on Monday separately decided not to pull BNP's banking license in the state, despite a criminal guilty plea, because of the risk it could put BNP out of business."
- Levin Hearing Ups Volume in High-Frequency Call to Action (BBG)
- Ukrainian President Fires Central Bank Chief (BBG)
- Argentina Plans Debt Swap (WSJ)
- Fed Decision Day Guide From Dot Plots To Exit Strategy (BBG)
- World Bank Economist: China May Face US-Style Financial Crisis (WSJ)
- Premier Li says no hard landing for China, expects medium to high growth (Reuters)
- Putin Talks Peace With Ukraine Leader After Gas Pipe Fire (BBG)
- Poll Shows Erosion in President's Support (WSJ)
- U.S. mortgage applications plunge in latest week (Reuters)
- Ex-Goldman director goes to prison, still owes $13.9 million fine (Reuters)
With Hillary Clinton still plagued by relentless confrontations about her role in the Benghazi fiasco, which apparently are "making a difference", and certainly distracting from Obama's otherwise impeccable domestic (and foreign) reign, it was about time the US finally exposed a much more "appropriate" scapegoat for the public anger surrounding the events in Libya on September 11, 2011. Which is precisely what it did earlier today, when it was revealed not only who it believes the "mastermind" of the Benghazi attack is, but that the person in question, Ahmed Khatallah, had been captured.
Yesterday, the republican campaign to get to the bottom of IRS' targeting of conservative groups was dealt an absolutely idiotic blow when the IRS, in all seriousness, announced that it had lost two years worth of emails to and from the chief subject of the investigation: former agency official Lois Lerner. What, however, was simply a bizarre, if idiotic, lie has just been taken to a whole new level of ridiculousness, when moments ago, representative Steve Stockman (R-Texas) announced he would request that the National Security Agency help in the hunt for missing emails to and from the IRS’s Lois Lerner, and recover two years worth of "lost" emails.
From Ancient Egypt to Modern America …
With Eric Holder suddenly playing hardball with the banks (most notably not US banks), it has not gone unnoticed among the largest European newspapers. The potential $10 billion penalty for BNP Paribas - France's largest bank - for alleged dealings with a sanctioned Iran has been called a "masterful slap," by Le Monde and Le Figaro said the U.S. was making an example of BNP to deflect criticism it had been "lenient with the American banks responsible for the financial crisis." This could make for an awkward week for Obama, not only facing Putin as he visits Europe to celebrate D-Day but as the allies themselves turn on him with France's Hollande likely to raise the matter and, as Bloomberg reports, newly elected National Front party called on the French government to "defend the national interest" in the case.
Francois Hollande is not having a good week - disastrous elections over the weekend, followed by record high numbers of jobseekers (destroying his promise to deliver jobs), and now his banking system is under attack; as the WSJ reports:
US JUSTICE DEPT SEEKS >$10B BNP PENALTY FOR SANCTIONS EVASION: WSJ
A final resolution (and a guilty plea) of the yearslong investigation of the French bank is likely weeks away, WSJ notes but it does remain ironic that in flexing his enforcement muscles, DoJ's Eric Holder is about to crucify yet another non-US bank.
Freedom of the Press Geared Towards Protecting CRITICS of Government Corruption ... NOT Government Apologists
The melt up is accelerating and with the momentum tailwind back, newsflow is once again irrelevant: any news that are even remotely good are trumpeted, and any bad news - such as Europe's right storm rising in the northern states, and left storm surge in the states that demand more handouts from the northern states or China sinking a Vietnamese boat, the most serious bilateral incident since 2007 - are once again (and as usual) nothing more than a catalyst for even more liquidity injections. End result: the S&P futures this morning are 5 points above Goldman's year end target of 1900 and 45 points away from its June 30, 2015 target. Can this breakneck scramble on zero volume continue until Grantham's bubble peak level of 2,200 is hit? Well of course: after all anything goes in the centrally-planned new normal. To be sure, this is an equity only phenomenon: moments ago the Bund future hit its highest level since May 19, while the 10 Year remains unchanged at 2.53% as it continues to price in the new "deflationary" (and Japanese) normal. And as has been the case during all such divergences of late, either bonds or equities are making a horrible mistake: the question remains: who? Since all equities are doing is tracking FX pairs to the pip and have completely forgotten all about fundamentals, we have a pretty good idea what the answer is.
Using espionage for gain in negotiations is an age-old tactic; but are the norms of 'appropriate' espionage changing?
Just one day after the FBI issues arrest warrants for 5 Chinese military officials, Caixin reports that Fang Fang - the former CEO of JPMorgan Asia - has been arrested in Hong Kong by the Independent Commission Against Corruption (or anti-graft agency). Coincidental timing we are sure; and while details are sparse, the arrest appears linked to the hiring of the children of Chinese officials. Bloomberg reports that Fang declined to comment after being released on bail (under restrictions not to leave Hong Kong).
Two Former Government Officials Tell Us What It's All About ...