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Title: Mcgowanjm Wire 2012
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Published: Feb 26, 2012
Author: Various
Post Date: 2012-02-26 09:15:13 by A K A Stone
Keywords: None
Views: 1373400
Comments: 2390
Mcgowinjm Wire Service.
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Why they hate us...;}
Putin to skip G8 summit, talks with Obama in US Russia's newly-inaugurated President Vladimir Putin speaks during a reception marking Victory Day at the Kremlin in Moscow, on May 9, 2012.Thu May 10, 2012 8:13AM GMT Russia’s newly-inaugurated President Vladimir Putin has pulled out of the Group of Eight summit in Maryland, US, and ice-breaker talks with US President Barack Obama next week, the Kremlin says. Raising new questions about Moscow-Washington ties, Putin, who took the oath as the new Russian leader on Monday, informed Obama of his decision during a telephone call on Wednesday. He noted the need to stay in Moscow to finalize cabinet appointments in the new Russian government, citing he will send Prime Minister Dmitry Medvedev in his place. " ..........;}
The consequences of the end of these two empires can’t be dealt with on the battlefield, as the long debate over the shape of America’s human ecology was, and it can’t be dealt with by jerry-rigging a set of temporary expedients to overcome the mismatch between real wealth and a dysfunctional financial system, as the crisis of the Great Depression was. It will require massive changes in every aspect of American life, starting with a steep decline in standards of living and the forced abandonment of privileges most Americans think of as theirs by right." About 49% of Americans say they aren't contributing to any retirement plan, according to a new survey conducted by LIMRA, a trade association for the financial services industry.-CNN Let;s just call it 50%....;} Reword: They don't have a retirement plan. They don't have a $1000.
Someone ought to pay me for this.....;} " Spain Nationalizes BFA and 45% of Bankia; No Bid for CatalunyaCaixa, Bank Worth Less Than Zero; Der Spiegel: Germany Fears "Bottomless Pit" The implosion in Spanish banks continues. On Wednesday, Spain nationalized BFA, the 8th nationalization since the start of the crisis. After sinking 3 billion into CatalunyaCaixa, Spain tried to privatize the mess but there were no offers at zero euros. Clearly CatalunyaCaixa bank is worth less than zero. Meanwhile Der Spiegel reports "Bundesbank has no idea of what is happening in Spanish banks". Mish readers do. The Spanish banking system is without a doubt bankrupt." -mish
Not Bankrupt. Insolvent....Big Difference.
What we’ve been seeing in the last ten days in the EU as a whole is growing evidence that banking debt exposure to intrabank loan clients and ownership of ClubMed subsidiaries are vying with sovereign debt to be uppermost in the minds of nervous investors. And sources in an around Mario Draghi’s ECB continue to hint that the Italian Stallion is nearly out of oats when it comes to eurobank support. This is partly because all his ‘money’ (loose and somewhat inaccurate term) is going into manipulation of the bond markets discreet purchases of excess bonds left lying around in places like, for example, Spain. The bond yields there on 10-year notes went above 6% again yesterday. Spain is going to go bang pretty soon. At this rate, there won’t be any FiskalPakt applicants remaining solvent by the time the Fuhrerin gets it together. (And in Ireland, the tide is turning against FP ‘Yes’ campaigners)." -hat4uk
Germany Fears "Bottomless Pit" Der Spiegel reports "The Bundesbank has no idea of what is happening in Spanish banks
Spain is going to go bang pretty soon. At this rate, there won’t be any FiskalPakt applicants remaining solvent by the time the Fuhrerin gets it together. (And in Ireland, the tide is turning against FP ‘Yes’ campaigners). Credit Agricole owns 20% of commercial bank Bankinter SA, Spain’s sixth largest bank. The bank has been hit hard by the Troika-aggravated recession in Spain, the shares having declined some 30 per cent over the last 12 months. Spain’s biggest seven banks need €68 billion of additional capital as a buffer against bad loans, and to meet regulatory requirements, according to RBS. All this is the sort of information that (a) demonstrates multivariate contagion and (b) why investors remain acutely aware of CreditAg’s very high level of exposure on several fronts.
Bottomless Pit is Exactly Correct Spain, like Greece before it, is indeed a bottomless pit. This is not a problem any amount of austerity or reforms can fix. Is Spain going to come up with 200 billion euros to support a trillion in bad loans? Here is the answer: Not now, not ever, never.
The next time you see a coke commercial....;} if you drink large amounts of soda every day you are going to gain weight and you are likely to damage your health. Sadly, even though we know this, the average American still consumes over 600 12-ounce servings of soda per year. Is it any wonder that we have an obesity epidemic in America? Did you know that people living in the United States are three times more likely to have diabetes than people living in the United Kingdom? It is not a mystery why this is happening. It is because of our unhealthy diets. The food we eat is killing us.
What more do you need to know: Poll: US Opposition to Afghan War Hits New High Opposition Levels Unseen Since Vietnam War by Jason Ditz, May 09, 2012 Print This | Share This A new AP/Gfk poll is showing that the trend of opposition to the Afghan War continues, with an overwhelming 66% of Americans now opposed to the conflict, with only 8 percent of Americans remaining “strongly” in support of it. The AP compared the poll to a late 1971 poll on the Vietnam War, which showed 65% of Americans opposed to continuing that war. But while the US was slowly beginning its withdrawal from Vietnam at that time, President Obama is just one week off of signing a deal to keep US troops occupying Afghanistan through 2024.
SURPRISE [After Hours: 37.95-2.79 (-6.85%) 6:49P EST] http://www.barchart.com/cache/ab...a5e3a6d9cd42d51d7cd9a.png JPMorgan has $2 billion trading loss, reputation hit What reputation was that? It called Geithner and the US treasury cut a check.
Also down by 4% to a mere $4.6bn were JP Morgan’s profits. While wondering how on earth they were going to manage on that going forward, my eye fell across a piece in the Journal telling how five US equity investment firm owners would be taking home a bonus of $94m each at the end of March. Bruce Willis diverting that asteroid and dying in the process…that made him worth $94m for the job. But nobody else is worth $94m for a year’s work. Nobody. And anyone who thinks so is a sadly damaged human being." From February, 2012 -hat4uk
Homo sapiens does not have the ability to make fundamental changes in its behavior. Nor is Homo sapiens much interested in the truth about itself.
All those fake numbers being put out by Wall Street, the government and CNBC showing magical growth on the Ponzi paper digit (Alice in Wonderland) side of the equation must be juxtaposed against the real world manufacturing economy that has been in decline for 30 years. This is the 30 year digital/Ponzi-paper inflation crescendo that has finally crested and, like an ocean wave, will curl over and break. This is also the 30 year engineered interest rate decline that has finally reached its nadir, 0%!
Let me try and rationalise that apparently intolerant statement. Had anyone come to me in corporate life and said they needed $94m to stay interested in the business, I’d have expressed sympathy for their plight, and fired them. $94m isn’t a bonus, it’s a bonanza leveraged into a bazooka for a bonehead who somehow puts a value on the ownership of meaningless amounts of money. Except, of course, money brings power – and that’s what these reptiles really want. Note the reptile 'thinking' reference.....;}
What did I say at the top? "Rising demand for easy money causes rising interest rates..." So what does a zero Fed Funds rate say? Zero demand for worthless money? I don't know. You tell me. Here is what I see: 30 years of digital/financial Ponzi-paper inflation has gradually decreased the efficiency of all capital investment, everywhere! Mal-investment is so ubiquitous now that it cannot even be distinguished! Confidence in the future is at an ALL TIME LOW! And mass-confusion about inflation, deflation, stagflation, etc... is at an ALL TIME HIGH! We have truly built our own Tower of Babel!
http://2.bp.blogspot.com/_cvdgPlEKW9k/SqRnntuJ1KI/AAAAAAAAArQ/H7uQrGQFhMM/s400/Down.jpg
And so we come roundabout to today's news of JP MORGAN. The Greatest bank in the USSA. Normally a 6% drop in a stock is underwhelming. But in JPM's case we have the Inverted Pyramid above. That IS JPMorgan's Strategic Play. There's a very good reason you don;t see Inverted Pyramids in Nature. They're extremely unstable. A gust of wind and they topple. JPM just experienced a gentle gust.....;}
"The two reasons I’m rarely satirical about neocon economics is (a) it’s bad form, and lousy sport, to shoot ducks in a barrel; and (b) the effects of such braindead thinking are every bit as destructive as the ramblings of old Beardy Marx. This stuff can be funny – up to a point. After that point, it’s damned irritating…especially if you’re one of the poor folks. Ronald Reagan remains one of the most revered US Presidents because he cut taxes to create super-wealth which, he said, would trickle down. Well, it didn’t: it gushed upwards into f**kwitted $94m bonuses. "
The problem for JPM is it was the flagship for carrying the massive market manipulation that began the day before Thanksgiving Week end. And now that 'zombie' trendline has been busted all to hell. The Techy term is the 200 Day MA (Moving Average) has been violated..... :? 8-) :twisted: Such an innocuous term 'violated'.
11 May 2012 JP Morgan Failure Shows the Incompetency of the Fed As Regulator And a Corrupted Government The spin machine is revving up, and the spokesmodels are gesticulating wildly, in an effort to direct and deflect this failure of governance at JPM. See how manfully Jamie Dimon has come clean on this. And look how well the Fed's capital standards are protecting us from a failure at JPM because of this unfortunate but 'manageable' trading mistake. This will be a buying opportunity!
HSBC has a derivative exposure of $4.321 Trilion dollars. HSBC is a Hong Kong based bank and its original name is The Hongkong and Shanghai Banking Corporation Limited. You will find HSBC working a lot with JP Morgan Chase. Both HSBC and JP Morgan Chase have strong interest in gold & precious metals. HSBC and JP Morgan Chase are often involved together in financial scandals. Lately HSBC has been sued for allegedly funneling more than $8.9 billion to the largest ponzi-scheme in history - Bernie Maddof's investment business. HSBC (along w/ JP Morgan Chase) has been sued for alleged conspiracy suppressing the price of silver and gold, partially through precious metal DERIVATIVES and making billions of dollars on it. State of Hawaii is suing HSBC (and other banks) for deceptive credit card lending practices. DZ Bank in Germany is suing HSBC (and JP Morgan) for deceptive (lying) practices when selling home-loan-backed securities. HSBC is also under investigation for laundering billions of dollars. Bank of New York Mellon - Derivative Exposure Goldman Sachs Goldman Sachs has a derivative exposure of $44.192 Trillion dollars. The $1 Trillion pillars towers are double-stacked @ 930 feet (248 m). The White House is standing next to the Statue of Liberty. Goldman Sachs has advantage over other banks because it has awesome connections in US Government. A lot of former Goldman employees hold high-level US Government positions (chart). Mitt Romney's top donor is Goldman Sachs, and one of Obama's best donors. Ex-CEO of Goldman Sachs, Hank Paulson became the Secretary of Treasury under Bush and during the 2008 financial crisis authored the TARP bill demanding $700 billion bail-out. In UK, Goldman Sachs escaped £10 million bill on a failed tax avoidance scheme with help of good connections. The bank is the largest player in the food commodities market, earned $955m from food speculation in 2009" - That's your $$$. Goldman Sachs employees are arming themselves with guns in case there is a populist uprising against the bank. Goldman Sachs calls their investors "muppets". and use clients to make money for themselves, disregarding the clients. The bank was fined $22 million for sharing valuable nonpublic information with top clients (Think insider trading with best clients). Goldman Sachs was part-owner America's leading website for prostitution ads until the ownership stake was exposed. Goldman Sachs helped Greece conceal its debt with secret loans, while simultaneously taking advantage of Greece. Goldman Sachs got a $814 billion SECRET bailout from the Federal Reserve during the 2008 crisis. Goldman Sachs got $10 billion of the 2008 TARP bailout, and in the same year paid $10.9 billion in employee compensation and "benefits", while paying a tax rate of 1%. That means an average of $327,000 to each Goldman Sach's employee. Just sayin'.....;} -Demon ocracy.....the Rule of Demons
JP Morgan Chase (JPM) JP Morgan Chase has a derivative exposure of $70.151 Trillion dollars. $70 Trillion is roughly the size of the entire world's economy. The $1 Trillion dollar towers are double-stacked @ 930 feet (248 m). JP Morgan is rumored to hold 50->80% of the copper market, and manipulated the market by massive purchases. JP Morgan (JPM) is also guilty of manipulating the silver market to make billions. In 2010 JP Morgan had 3 perfect trading quarters and only lost money on 8 days. Lawsuits on home foreclosures have been filed against JP Morgan. Aluminum price is manipulated by JP Morgan through large physical ownership of material and creating bottlenecks during transport. JP Morgan was among the banks involved in the seizure of $620 million in assets for alleged fraud linked to derivatives. JP Morgan got $25 billion taxpayer in bailout money. It has no intention of using the money to lend to customers, but instead will use it to drive out competition. The bank is also the largest owner of BP - the oil spill company. During the oil spill the bank said that the oil spill is good for the economy. JP Morgan Chase also received a SECRET $391 billion dollar bailout from the Federal Reserve. In 2012, JP Morgan (JPM) took a $2 billion loss on "Poorly Executed" Derivative Bets. Bank of New York Mellon - Derivative Exposure 9 Biggest Banks' Derivative Exposure - $228.72 Trillion Note the little man standing in front of white house. The little worm next to lastfootball field is a truck with $2 billion dollars. There is no government in the world that has this kind of money. This is roughly 3 times the entire world economy. The unregulated market presents a massive financial risk. The corruption and immorality of the banks makes the situation worse. If you don't want to bank with these banks, but want to have access to free ATM's anywhere-- most Credit Unions in USA are in the CO-OP ATM network, where all ATM's are free to any COOP CU member and most support depositing checks. The Credit Unions are like banks, but invest all their profits to give members lower rates and better service. They don't have shareholders to worry about or have derivatives to purchase and sell. Keep an eye out in the news for "derivative crisis", as the crisis is inevitable with current falling value of most real assets. Derivative Data Source: ZeroHedge
Let's see, the average couple is going to need nearly a quarter of a million dollars to cover their health care costs in retirement, and yet half of all American adults have no retirement savings of any kind, let alone for health care. This will not end well.
RawStory: Geraldo Rivera: I was ‘manually raped’ by the TSA Fox News host Geraldo Rivera on Friday claimed that an employee of the Transportation Security Administration (TSA) had “manually raped” him and “was getting off on it.” Then they took the 18 month terrorist baby off the plane.
Which means that Non OPEC dropped to 42.5 MMBD. Because World Production is flat at best....;}
WSJ: Chesapeake Deals Carry $1.4 Billion in Undisclosed Liability - Embattled Chesapeake Energy Corp. has saddled itself with about $1.4 billion of previously unreported liabilities over the next decade through off-balance-sheet financial deals. Most of these costs will hit this year and next, at a time when the company needs to raise substantial cash to cover operating expenses and its move into the more lucrative oil business. Chesapeake, the second-largest natural-gas producer in the U.S., has made a number of long-term commitments to Wall Street banks that require it to deliver specific amounts of oil and natural gas each month through 2022, in exchange for upfront cash. Thank God, CHK never drilled my land....what a fucked up company riding on a trumped up Gas Bubble....;}
Note how the Main Concern is the 'Leak'. How can the USSA mount successful False Flags if the story gets out before Intel is ready? LMFAO "The operation appears to have been a joint venture between the British, Saudi Arabian and U.S. intelligence services, some analysts say, and its exposure in the U.S. media has caused widespread concern in the U.S. intelligence community. The Saudis and British appear to be concerned too. "The Saudis are not happy with the leaking of this information," said Mustafa Alani, a security analyst with good contacts among Gulf Arab governments. "It is potentially harmful for future operations. And it is the Saudis who have the agents on the ground to get these things done."
Financial 'community' now take s41% of ALL USSA profits. Shake down....organized crime can't compete....;}
The Fed Res is doing everything possible to stoke inflation and it's not working. Debt is being eaten faster. Deflation roaring.
Another hulking character who identified himself as a member of Unit 51 from the Israeli army’s Golani Brigade paratrooper corps barked at the activists, “The only thing you are is a bunch of traitors. Every day people here are fighting… This is unbelievable. You are traitors and if we had the chance we would shoot you one by one. One by one we would shoot you…” The demonstration concluded with police violently arresting three participants including one man for the crime of reading aloud the names of destroyed Palestinian villages. Lia Tarachansky of the Real News Network filmed the melee. Her footage is below:" And he would. Sharon's buddies would shoot them....;}
The repression of Zochrot’s educational action was the street level manifestation of the campaign the Israeli government has waged to mute discussion of the Nakba and punish those who violate the code of silence. Israel’s Education Minister, declared that merely allowing students to learn about the mass expulsion of Palestinians during 1947 and 1948 would encourage them to work against the Jewish state.
“If a person cannot walk into the middle of the town square and express his or her views without fear of arrest, imprisonment, or physical harm,” the book read, “then that person is living in a fear society, not a free society.”
peakoil.com/enviroment/ep...t-used-in-gulf-of-mexico/ i Quantcast EPA Grossly Misrepresents The Toxicity Of Corexit Used In Gulf Of Mexico EPA Grossly Misrepresents The Toxicity Of Corexit Used In Gulf Of Mexico thumbnail Quite incredibly, the EPA issued a positive report on May 1, 2012 regarding the safety and toxicity of various dispersants use in the BP Gulf Oil Spill. Included in this assessment was the use of Corexit. This report “indicated that all eight dispersants had roughly the same toxicity, and all fell into the “practically non-toxic” or “slightly toxic” category. Scientists found that none of the eight dispersants displayed endocrine-disrupting activity of “biological significance.” The same report went on to say that “dispersant-oil mixtures were generally no more toxic to the aquatic test species than oil alone.”
Hidden Crisis in the GULF. Barbara Wiseman, TEO President, has been an ardent advocate for safer oil remediation measures since the very beginning of this oil spill. She has said that: “At the beginning of the disaster, TEO investigated to find effective, non-toxic technologies currently available in adequate supply to clean up an oil spill of this size. Once we isolated the best solutions, we then investigated to find what the barriers to getting them implemented were. The barriers have all come down to specific people in the EPA. They are, in effect, holding the Gulf hostage and, for some unexplained reason, won’t let it be cleaned up.”
A 2nd Anniversary Report on the BP Gulf Oil Spill as follows: “The toxic dispersants add absolutely nothing to EFFECTIVE RESPONSE. There is no scientific basis for it, and their use violates The Clean Water Act, EPA’s charter and common sense.” “Corexit’s label clearly states it can cause kidney failure and death and the MSDS (Material Safety Data Sheet) specifically warns, “Do not contaminate surface water” with it. Additionally, toxicity testing in regards to marine species shows little tolerance by all forms of sea life; thus, applying it on spills as a preferred response method increases the toxicity of the spilled oil on which it is used.” NaturalSociety.
Print Afghan police kill two British soldiers in Helmand Province Sun May 13, 2012 8:50AM GMT Latest reports indicate that members of the Afghan national police force have shot dead at least two British soldiers in the troubled Helmand Province of Afghanistan. http://www.presstv.ir/detail/2012/05/13/240961/afghan-police-kill-two-british-soldiers/ 4 US-led soldiers killed in Afghanistan Sat May 12, 2012 3:9PM GMT At least four US-led troops have been killed in separate incidents in Afghanistan in the past 24 hours, as attacks against the United States and its Western allies have increased in the war-wracked country.
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The Spanish banking system is without a doubt bankrupt."
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PeakOil.com: OPEC oil production climbs to 31.71 million barrels per day in April | Peak Oil News and Message Boards - The latest Platts’ monthly survey of OPEC production shows two highly significant trends: sanctions are starting to pinch Iranian output, and other OPEC countries are stepping in to fill the gap.
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