Please don’t claim anything changes if one party or the other is in the majority. Anyone clinging to that fantasy is delusional.
If you really think it matters which political party controls the U.S. Senate, please answer these questions. Don’t worry, they’re not that difficult:
1. Will U.S. foreign policy in the Mideast change from being an incoherent pastiche of endless war and Imperial meddling? Please answer with a straight face. We all know the answer is that it doesn’t matter who controls the Senate, Presidency or House of Representatives, nothing will change.
2. Will basic civil liberties be returned to the citizenry? You know, like the cops are no longer allowed to steal your cash when they stop you for a broken tail light and claim the cash was going to be used for a drug deal.
Or some limits on domestic spying by Central State agencies. You know, basic civil liberties as defined by the Bill of Rights and the U.S. constitution.
Don’t make me laugh–you know darned well that it doesn’t matter who controls the Senate, Presidency or House of Representatives, nothing will change.
3. Will the predatory, parasitic policies of the Federal Reserve that virtually everyone from the Wall Street Journal to what little remains of the authentic Left understands has greatly increased income and wealth inequality be reined in? Please don’t claim either party has any will or interest in limiting the Fed’s rapacious financialization. There is absolutely no evidence to support such a claim–it is pure wishful thinking.
4. Will the steaming pile of profiteering, corruption, waste, fraud and ineptitude that is Sickcare in the U.S. be truly reformed so its costs drop by 50% to match what every other developed democracy spends per person on universal healthcare? It doesn’t matter if ObamaCare is repealed or not; that monstrosity was simply another layer of bureaucratic waste on an already hopelessly dysfunctional system.
If you answer “yes,” please run a body scan on yourself to detect the biochips that were implanted while you voted Demopublican.
5. Will the influence of Big Money be well and truly banned from politics? If you answer yes, please pick up your tin-foil hat at the door.
6. Will the incentives in the Status Quo be reset to punish rapacious financialization and gaming the system and reward productive investment and labor? Before you answer, check out who’s buttering the Senators’ bread. Hint: Wall Street does not qualify as productive unless we’re talking about the production of life-draining parasites. Virtually none of the vast armies of skimmers and scammers, from those pursuing bogus disability claims to lobbyist leeches, will suffer any consequence.
Moral hazard is the Status Quo’s Prime Directive.
7. Will anything be done to dismantle the Neofeudal Debt-Serfdom known as student loans? You are delusional if you think either party has any interest in limiting the predation of an academic Upper Caste that came to do good and stayed to do well.
8. Will any prudent assessment be made of unaffordable weapons systems like the F-35 Lightning–$1.5 trillion and counting for aircraft that will soon be matched by drones that cost a fraction of the F-35’s $200 million a piece price tag? No way–parts of those insanely costly jets are made in dozens of states, so the pork is well-distributed. Never mind the plane is lemon, built to fight the wars of the past. It’s jobs, Baby–that’s all that counts. Never mind the $1.5 trillion–we can always borrow another couple trillion–the Fed promised us.
Do you really think the Senate controlled by either party will ask why the F-35’s price tag dropped to $120 million from $200 million? That’s easy–the revised estimate left out the engine and avionics. They’ll be added back in after the Senate approves open-ended funding.
If none of these key dynamics will change, you got nothing. Please don’t claim anything changes if one party or the other is in the majority. Anyone clinging to that fantasy is delusional.
If you doubt this, please take the above quiz again.
Elections are over and all I hear from the “News Actors who are telling us the alleged news” is how this opens up the gates for Hillary Clinton. Really?
Think about it – he (Dick Morris) said all of this openly, thus if he were not truthful he’d be liable for defamation of character! And you better believe Hilary would sue him.
Bill Clinton’s loving wife
AN ANALYSIS WORTH READING: (and to think about when it is election time….)
by Dick Morris, former political advisor to President Bill Clinton
If you happen to see the Bill Clinton five minute TV ad for Hillary in which he introduces the commercial by saying … he wants to share some things we may not know about Hillary’s background . .
Beware as I was there for most of their presidency and know them better than just about anyone, I offer a few corrections;
Bill says: “In law school Hillary worked on legal services for the poor.”
The facts are: Hillary’s main extra-curricular activity in law school was helping the Black Panthers, on trial in Connecticut for torturing and killing a federal agent.
She went to court every day as part of a law student monitoring committed to trying to spot civil rights violations and develop grounds for appeal.
Bill says: “Hillary spent a year after graduation working on a children’s rights project for poor kids.”
The facts are: Hillary interned with Bob Truehaft, the head of the California Communist Party.
She met Bob when he represented the Panthers and traveled all the way to San Francisco to take an internship with him.
Bill says: “Hillary could have written her own job ticket, but she turned down all the lucrative job offers.”
The facts are: She flunked the DC bar exam, yes, flunked, it is a matter of record, and only passed the Arkansas bar.
She had no job offers in Arkansas , none, and only got hired by the University of Arkansas Law School at Fayetteville because Bill was already teaching there.
She did not join the prestigious Rose Law Firm until Bill became Arkansas Attorney General and was made a partner only after he was elected Arkansas Governor.
Bill says: “President Carter appointed Hillary to the Legal Services Board of Directors and she became its chairman.”
The facts are: The appointment was in exchange for Bill’s support for Carter in his 1980 primary against Ted Kennedy.
Hillary then became chairman in a coup in which she won a majority away from Carter’s choice to be chairman.
Bill says: “She served on the board of the Arkansas Children’s Hospital.”
The facts are: Yes she did. But her main board activity, not mentioned by Bill, was to sit on the Wal-Mart board of directors, for a substantial fee.
She was silent about their labor and health care practices.
Bill says: “Hillary didn’t succeed at getting health care for all Americans in 1994 but she kept working at it and helped to create the Children’s Health Insurance Program (CHIP) that provides five million children with health insurance.”
The facts are: Hillary had nothing to do with creating CHIP. It was included in the budget deal between Clinton and Republican Majority Leader Senator Trent Lott.
I know; I helped to negotiate the deal. The money came half from the budget deal and half from the Attorney Generals’ tobacco settlement. Hillary had nothing to do with either source of funds.
Bill says: “Hillary was the face of America all over the world.”
The facts are: Her visits were part of a program to get her out of town so that Bill would not appear weak by feeding stories that Hillary was running the White House.
Her visits abroad were entirely touristic and symbolic and there was no substantive diplomacy on any of them.
Bill says: “Hillary was an excellent Senator who kept fighting for children’s and women’s issues.”
The facts are: Other than totally meaningless legislation like changing the names on courthouses and post offices, she has passed only four substantive pieces of legislation.
One set up a national park in Puerto Rico .
A second provided respite care for family members helping their relatives through Alzheimer’s or other conditions.
And two were routine bills to aid 911 victims and responders which were sponsored by the entire NY delegation.
Presently she is trying to have the US memorialize the Woodstock fiasco of 40 years ago.
Here is what bothers me more than anything else about Hillary Clinton.
She has done everything possible to weaken the President and our country (that’s you and me!) when it comes to the war on terror.
1. She wants to close GITMO and move the combatants to the USA where they would have access to our legal system.
2. She wants to eliminate the monitoring of suspected Al Qaeda phone calls to/from the USA .
3. She wants to grant constitutional rights to enemy combatants captured on the battlefield.
4. She wants to eliminate the monitoring of money transfers between suspected Al Qaeda cells and supporters in the USA
5. She wants to eliminate the type of interrogation tactics used by the military & CIA where coercion might be used when questioning known terrorists even though such tactics might save American lives.
One cannot think of a single bill Hillary has introduced or a single comment she has made that would tend to strengthen our country in the War on Terror.
But, one can think of a lot of comments she has made that weaken our country and makes it a more dangerous situation for all of us.
Bottom line:
She goes hand in hand with the ACLU on far too many issues where common sense is abandoned.
Share this with every male and female democrat you know … ask them to prove Dick Morris wrong.
Think about it – he (Dick Morris) said all of this openly, thus if he were not truthful he’d be liable for defamation of character! And you better believe Hilary would sue him.
Frenchman Jean Tirole of the University of Toulouse won the 2014 Nobel Prize in Economic Sciences for devising methods to improve regulation of industries dominated by a few large firms. According to Tirole, large firms undermine the efficient functioning of the market economy by being able to influence the prices and the quantity of products.
Consequently, this undermines the well being of individuals in the economy. On this way of thinking the inefficiency emerges as a result of the deviation from the ideal state of the market as depicted by the “perfect competition” framework.
The “Perfect Competition” Model
In the world of perfect competition a market is characterized by the following features:
There are many buyers and sellers in the market
Homogeneous products are traded
Buyers and sellers are perfectly informed
No obstacles or barriers to enter the market
In the world of perfect competition, buyers and sellers have no control over the price of the product. They are price takers.
The assumption of perfect information and thus absolute certainty implies that there is no room left for entrepreneurial activity. For in the world of certainty there are no risks and therefore no need for entrepreneurs.
If this is so, who then introduces new products and how? According to the proponents of the perfect competition model any real situation in a market that deviates from this model is regarded as sub-optimal to consumers’ well being. It is then recommended that the government intervene whenever such deviation occurs.
Contrary to this way of thinking, competition is not on account of a large number of participants as such, but as a result of a large variety of products.
Competition in Products, Not Firms
The greater the variety is, the greater the competition will be and therefore more benefits for the consumer.
Once an entrepreneur introduces a product — the outcome of his intellectual effort — he acquires 100 per cent of the newly-established market.
Following the logic of the popular way of thinking, however, this situation must not be allowed for it will undermine consumers’ well being. If this way of thinking (i.e., the perfect competition model) were to be strictly adhered to, no new products would ever emerge. In such an environment, people would struggle to stay alive.
Once an entrepreneur successfully introduces a product and makes a profit, he attracts competition. Notice that what gives rise to the competition is that consumers have endorsed the new product. Now the producers of older products must come with new ideas and new products to catch the attention of consumers.
The popular view that a producer that dominates a market could exploit his position by raising the price above the truly competitive level is erroneous.
The goal of every business is to make profits. This, however, cannot be achieved without offering consumers a suitable price.
It is in the interest of every businessman to secure a price where the quantity that is produced can be sold at a profit.
In setting this price the producer-entrepreneur will have to consider how much money consumers are likely to spend on the product. He will have to consider the prices of various competitive products. He will also have to consider his production costs.
Any attempt on behalf of the alleged dominant producer to disregard these facts will cause him to suffer losses.
Further to this, how can government officials establish whether the price of a product charged by a dominant producer is above the so-called competitive price level? How can they know what the competitive price is supposed to be?
If government officials attempt to enforce a lower price this price could wipe out the incentive to produce the product.
So rather than improving consumers’ well-being, government policies will only make things much worse. (On this, no mathematical methods, no matter how sophisticated, could tell us what the competitive price level is. Those who hold that game theories could do the trick are on the wrong path.)
Again, contrary to the perfect competition model, what gives rise to a greater competitive environment is not a large number of participants in a particular market but rather a large variety of competitive products. Government policies, in the spirit of the perfect competition model, however, are destroying product differentiation and therefore competition.
Products are Heterogeneous
The whole idea that various suppliers can offer a homogeneous product is not tenable. For if this was the case why would a buyer prefer one seller to another? (The whole idea to enforce product homogeneity in order to emulate the perfect competition model will lead to no competition at all.)
Since product differentiation is what free market competition is all about, it means that every supplier of a product has 100 percent control as far as the product is concerned. In other words, he is a monopolist.
What gives rise to product differentiation is that every entrepreneur has different ideas and talents. This difference in ideas and talents is manifested in the way the product is made, the way it is packaged, the place in which it is sold, the way it is offered to the client, etc.
For instance, a hamburger that is sold in a beautiful restaurant is a different product from a hamburger sold in a takeaway shop. So if the owner of a restaurant gains dominance in the sales of hamburgers should he then be restrained for this? Should he then alter his mode of operation and convert his restaurant into a takeaway shop in order to comply with the perfect competition model?
All that has happened here is that consumers have expressed a greater preference to dine in the restaurant rather than buying from the takeaway shop. So what is wrong with this?
Let us now assume that consumers have completely abandoned takeaway shops and buying hamburgers only from the restaurant, does this mean that the government must step in and intervene?
The whole issue of a harmful monopoly has no relevancy in the free-market environment. A harmful monopolist is likely to emerge when the government, by means of licenses, restricts the variety of products in a particular market. (The government bureaucrats decide what products should be supplied in the market.)
By imposing restrictions and thus limiting the variety of goods and services offered to consumers, government curtails consumers’ choices thereby lowering their well-being.
Summary and conclusion
We suggest that the whole idea of government regulating large firms in order to promote competition and defend people’s well-being is a fallacy. If anything, such intervention only stifles market competition and lowers living standards. Alfred Nobel’s goal was to reward scientists whose inventions and discoveries bettered people’s lives and well-being. However, enhancing government controls of markets runs contrary to the spirit of Nobel.
On the eve of congressional elections in the United States it’s time to take stock of where we are and what we can expect as we move further into winter and the end of the year. Over the last 4 to 6 years the seeds of the Multilateral Financial System have been planted and it is now time to begin harvesting what has been grown.
Tomorrows elections are expected to see the Republicans win a majority in both the Senate and the House. The outcome of the election will do little to change the macro outcome of the emerging MFS or the necessity of Congress to pass the required legislation supporting the International Monetary Fund’s 2010 Quota and Governance Reforms.
The reforms were agreed upon by all 188 members of the Fund and the United States is the only country which hasn’t passed supporting legislation. Both the Executive Branch of government and the Treasury have joined the demand by the rest of the world, including the G20 countries and BRICS countries, to have Congress honor the original agreement.
The Democrats have put forward bills which contain the supporting legislation, but unfortunately they also attempted to attach other matters to the IMF Reform bill, such as the IRS Rule Change which would change the tax exempt status for non-profit political organization.
This IRS Rule Change would in effect stifle political speeches in the periods leading up to elections. The Republicans have vehemently rejected these rule changes and have refused to pass any IMF Reform Bill that contains them.
Back in March when the Ukraine CSI began, the Democrats used that particular crisis as leverage to attach the IMF Reforms to an aid bill. The Republicans refused to pass the bill as it was written and subsequently the IMF Reforms, including IRS tax rule changes, were removed from the Ukraine aid package.
It is interesting to note that the Republicans would have allowed the IMF Reforms to be attached to the aid bill but not with the IRS rule change also attached.
The Democrats have refused to separate the IMF Reforms and the IRS rule change.
As stated previously, the G20 countries, including the BRICS, along with the Executive Branch, Treasury, IMF itself, and a host of other international and national interests, have demanded that the IMF Reforms be passed by the end of this year.
Congress has dragged this process out as far as possible and the end game is very near.
If the Republicans win both the Senate and the House, as expected, then the Democrats are likely to write a bill for the IMF Reforms that the Republicans can accept and pass before the power exchange happens on January 6, 2015. The reason for this is very clear, the Democrats, knowing that Obama is about to become a lame duck president, will seek to leverage their current position to enact legislation while they can.
They will now give up on the IRS tax rule change in order to get passage of other important legislation with an eye on the 2016 Presidential elections.
One could expect that the Republicans would give no quarter and simply wait to take control over both the Senate and the House on January 6th, at which time they can pass whatever bill written whichever way they choose. But there is little satisfaction or advantage in waiting the Democrats out.
The Republicans will likely give a concession to the Democrats in exchange for a strategic win, represented in the form of symbolic surrender by the Democrats. The political momentum and strategic advantage for the Republicans by having the Democrats surrender one of Obama’s high light reels will be too attractive to pass up.
The Democrats, for their part, will look to build on this loss and focus on building up their next presidential candidate. The dirty rotten scoundrels of both parties will be backroom talking with their industrial and business supporters on how best to leverage the outcome of this election. The clear and immediate winners will be the Koch brothers by way of the Republicans.
And I suppose us Canadians in Alberta will also benefit, because the likely Democratic concession will be the approval of the Keystone XL Pipeline, which Obama and the Democrats have strategically held back in anticipation of a Republican victory in the mid-term elections.
Neither party really cares that much about the IMF Reforms, they have only used it as leverage in their attempts to get other legislation passed. Now, with tomorrow’s outcome all but certain, we are likely to see an exchange of Keystone for IMF Reforms. It would be a huge symbolic win for the Republicans, one that the Democrats can live with. And the Koch brothers will be happy because they own the holding facilities in Hardisty, Alberta, where the pipeline begins.
In turn the Democrats will have a symbolic win, by way of IMF Reforms, before passing majority control to the Republicans. And that my friends is the bigger game, keep the viability of both parties intact so that the disorganized masses continue to accept the dialectic of modern politics.
It’s just as likely that the IMF Reforms will get passed once the transition takes place on January 6th, but that would not satisfy the international power brokers who secure the interests of the Bank for International Settlements.
In addition to the congressional elections, we are seeing the CSI, Cultural and Socioeconomic Interception, of deflation begin to broaden as the economic policies of central banks around the world further deepen the monetary challenges. These challenges will continue to herd the countries of the world into the liquidity crisis and solution to the liquidity problem by way of SDR denominated bonds.
As Russia’s Putin recently stated about the west, “playtime is over”. The Democrats and Republicans have had their fun leveraging the IMF Reforms back and forth, but it’s now time for action and forward motion on the larger macro mandates of the MFS.
Wealth is being consolidated on a massive scale which is why there are so many distractions to divert the attention of the disorganized masses away from the process. The harvest of our time and labor is about to be trucked away in the dumps of deflation.
This will be followed closely by the new liquidity of SDR bonds. Every country in the world is on the verge of collapse, herded to the precipice of disaster, by the machinations of the Bank for International Settlements. Nothing has been left to chance. Resistance in actualization is non-existent, and only fabricated stories of pointless complexity keep feeding the gossip vine of the disorganized masses.
When I read the Declaration of Independence and see the usurpations committed by the tyrant King George against our forefathers (who at the time were labeled terrorists), I have come to the conclusion that our forefathers knew better than any the acts of a tyrant. For example, James Madison, known as the father of our Constitution, said, “If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy.” He also quoted, “The means of defense against foreign danger historically, have become the instruments of tyranny at home.”
When I look within America, I can see that since 9/11, the media elites have (of course, with the use of fear) inundated the American people with the fact that we have a foreign enemy of Islamic radicals trying to destroy America by any means necessary. I then noticed that it wasn’t a foreign enemy who they made the target; it was now the American Constitution and the people. I also noticed that it was not a foreign government asking us to give up our rights; it was our own government (and always under the guise of our “safety” and “security”).
According to Obama, terrorism is no longer applicable to Islam. Could it be because Muslims call him their own? That being the case, who are the terrorists? There are some in government today who want you to look past themselves in hopes that they can now make terrorists out of whomever disagrees with them and their administration. It’s not a foreign government that is trying to tear down the Constitution and recreate it in their own image; it’s Obama and his administration.
Let’s parallel foreign attacks on America vs. Obama’s attack on America, and see which one’s more destructive. You decide:
The Internal Revenue Service has been seizing money from the bank accounts of individuals and businesses with no proof of any crimes nor any charges filed.
Now, the IRS claims that it will stop — but will it?
Using a law, the Civil Asset Forfeiture Reform Act of 2000, that allows the feds to seize money from suspected gangsters, drug dealers and terrorists, the IRS has put innocent people into bankruptcy and massive debt and taken the money a military father saved from his paychecks to put his kids through college, solely by tracking the amounts that people put into their bank accounts.
When no criminal activity is charged, The New York Times reports, the IRS often negotiates to return only part of the seized money, leaving impoverished citizens with little option but to either accept the IRS’ offer or continue a lengthy and very expensive legal battle to try to get their legitimately earned money back.
The problem has been growing. The Institute for Justice estimates that from just 114 seizures in 2005, the IRS made 639 seizures in 2012, and in only 20 percent of the cases were any criminal charges ever pursued.
Under the Bank Secrecy Act, banks report transactions larger than $10,000 to federal authorities, but also report a pattern of regular, smaller deposits which appear designed to get around the act. This alone can be enough to trigger a seizure, the Times reports, and banks filed over 700,000 “suspicious” reports last year.
One involved a 27-year-old Long Island candy and cigarette distribution company, Bi-County Distributors, which made daily cash deposits, usually under $10,000. When the IRS seized $447,000 from the company, it refused to return it, despite the fact that there was no crime to prosecute, and instead offered a partial settlement.
The company is now $300,000 in debt and attorney Joseph Potashnik told the Times, “I don’t think they’re (the IRS) really interested in anything. They just want the money.”
Army Sgt. Jeff Cortazzo was saving up for his daughters’ college education when the IRS seized $66,000 of his money – it cost him $21,000 to get the remainder back.
Richard Weber, the chief of Criminal Investigation at the IRS, said in a written statement in response to the Times story, “After a thorough review of our structuring cases over the last year… IRS-CI will no longer pursue the seizure and forfeiture of funds associated solely with ‘legal source’ structuring cases unless there are exceptional circumstances justifying the seizure and forfeiture and the case has been approved at the director of field operations (D.F.O.) level.”
Federal Seizure Program Is Windfall for Local Police
I have been warning everyone that the gold and silver derivative markets were being “set blaze” for the last few months and that the backrooms of these major participants (Deutsche Bank, JP Morgan, Citibank, HSBC, et al) are being gutted. These banks are not long for this world.
News coming out this weekend that a MAJOR, MAJOR player in this “Mafia-Like” banking cabal has been found dead in the midst of the chaos.
Check this out:
Deutsche Bank Lawyer Found Dead by Suicide in New York
(Reuters) – A senior Deutsche Bank regulatory lawyer has been found dead in New York after committing suicide, New York City officials said on Saturday.
Calogero Gambino, 41, was found on the morning of Oct. 20 at his home in the New York borough of Brooklyn and pronounced dead on the scene, according to New York City police.
Gambino was an associate general counsel and a managing director who worked for the German bank for 11 years, according to the Wall Street Journal, which first reported his death.
He had been closely involved in negotiating legal issues for Deutsche Bank such as a probe by regulators of banks over allegations they manipulated the Libor benchmark interest rate as well as currency markets.
Gambino was also an associate at a private law firm and a regulatory enforcement lawyer between 1997 and 1999, the Journal said, citing Gambino’s LinkedIn profile and conference biographies.
END
Yes – this likely part of the Gambino crime family is knee deep in gold and silver derivatives…surprise! The Gambino family found out long ago that a life of crime in the Stock Market is much cleaner and much easier than the ways of their ancestors!
The “Good Guy run” Zerohedge (of course) put two and two together with the previous suicide of Deutsche Bank’s William Broeksmit back in January…
Another Deutsche Banker And Former SEC Enforcement Attorney Commits Suicide
“Another exhibit released by Levin was an August 25, 2009 email from William Broeksmit to Anshu Jain, with a cc to Ramakrishna, where Broeksmit went into copious detail on exactly what the scheme, internally called MAPS, made possible for the bank and for its client, the Renaissance Technologies hedge fund.”
“Broeksmit goes on to say that most of Deutsche’s money from the scheme “is actually made by lending them specials that we have on inventory and they pay far above the regular rates for that.”
“Recall from around the time when the first DB banker hung himself: it was then that Elke Koenig, the president of Germany’s top financial regulator, Bafin, said that in addition to currency rates, manipulation of precious metals “is worse than the Libor-rigging scandal.”
“It remains to be seen if Calogero’s death was also related to precious metals rigging although it certainly would not be surprising. What is surprising, is that slowly things are starting to fall apart at the one bank which as we won’t tire of highlighting, has a bigger pyramid of notional derivatives on its balance sheet than even JPMorgan, amounting to 20 times more than the GDP of Germany itself, and where if any internal investigation ever goes to the very top, then Europe itself, and thus the world, would be in jeopardy.”
END
So here’s what we have to look forward to next week…
– Breaking stories of the largest derivative holder in the world, Deutsche Bank, having derivative problems in their quarterly report to be released on the 29th.
– News over the weekend of at least two newly suicided banksters that dealt in complicated derivative transactions…potentially more on the way.
– Ebola outbreaks in New York City as fear spreads throughout the subway every time someone sneezes.
– The long term manipulation of the stock market bubbling up to it’s all time highs.
and…
– With physical Gold and Silver demand at ALL TIME HIGHS the manipulated prices are at 5 year lows…
PS – Hundreds of trillions in derivative transactions going sideways might sound bad for the Banks but it’s 100x worse for the Average Joe who saved his whole life and put his money into their system for retirement. Sean and I have tried to spread the truth and we are closing in on 200,000 views of this explosive interview…
The Shocking Truth the History Channel Can’t Tell You!
Compiled by Sterling D. Allan Pure Energy Systems News
October 26, 2014
Wow, it looks like the day has finally come that we get to make the big announcement that one of the exotic free energy generators has made it to market. Patrick Flanagan, who just purchased a 5kW system, brought this one to our attention.
GDS Technologies LTD, out of Ontario, Canada, has a water-powered, portable genset available for sale on their website, in output sizes of 5 kW, 10 kW and 15 kW, at a price of around $1000/kW. They say they can also custom build these in sizes up to 50 kW. It is controlled by a simple on/off switch.
It is much less than half as loud as a gasoline or diesel genset of the same power output. One tank of water (e.g. 4 gallons for the 5 kW) will run the device for three days; or you can hook a hose up to it (there is a check valve), and not worry about refilling the tank. It emits no pollution, no fumes, so it can be run indoors.
They will ship globally. The 15-day money-back guarantee doesn’t include duties and shipping fees. “Please allow up to 14 business days,” for shipping probably refers to Canadian orders. International probably takes more.
Let them know PES referred you, for a likely discount and commission for PES. (We’ve requested this relationship and are waiting to hear back. Wouldn’t hurt to mention it.)
Their Alibaba listing for their GDS 3000 system says they have 400 in stock.
Actually, I’m surprised we’ve not heard of them before now. Their YouTube video has been up since September 7, with over 2000 visits, and their Facebook page was first populated with news about this on August 24.
They list their devices as suitable for applications such as emergency back-up power, camping, motor homes, construction sites; so I presume they haven’t gone through UL or CE hoops yet to allow home power generation without jeopardizing home warranties, etc. In one of our Facebook comments, Kenneth Segovia says: “Can you imagine putting something like this in the Tesla car?”
It seems they’ve been very conscientious in their design, putting in safety features (circuit breakers and emergency stop button), redundancy (e.g. 2 batteries instead of one, to start it up).
Maintenance involves draining the water tank and spraying it with a garden hose every 3 months. The water needs to be clean that it runs on, and not salt water.
As for running it, they say: “When you receive your new portable water generator just add 4 gallons of normal water in the tank and turn the red toggle switch to on position (emergency safety) that will start the battery and pump and turbine all at once. That easy. All units have been tested before leaving our facility. Instruction and warranty manuals will be supplied with every unit sold.”
If you are thinking of powering your house with one of these, you need to realize that it is not yet UL / CE certified, so you could be voiding your home warranty. For emergency back-up, you’ll want to make sure that you have a toggle switch to shut off from the grid completely when running the power from the genset into your service panel. If you’re doing only small loads, you could plug your genset into a wall plug, through a male-male connector, which will power up one of the two legs of the service panel; then run an extension cord to another wall power plug from the other leg of the service panel, and the entire panel will be powered. Again, make sure you’re disconnected from the grid if you do this so you don’t jeopardize any linemen. Bear in mind that the wires going to that wall plug are 12 or 14 gauge, and limited to maybe 15 amps, so you’ll not want to surpass that in the load you draw elsewhere in the house, or you’ll trip the circuit breaker. You could double this limit by plugging into two separate circuits through the wall plugs, such as from two different rooms — ditto for the other leg of the service panel.
After we get some kind of validation that this is for real, we’ll be bumping it to #1 in our Top 5 listing.
Edward J. Snowden with the journalist Glenn Greenwald in the documentary “Citizenfour.”Credit Radius-TWC
LOS ANGELES — Early in Laura Poitras’s documentary “Citizenfour,” Edward J. Snowden, who exposed vast electronic surveillance by the United States government, tells what pushed him to go public.
“As I saw the promise of the Obama administration betrayed, and walked away from,” says Mr. Snowden, referring to drone strikes and invasive monitoring by the National Security Agency, “it really hardened me to action.”
But do some of President Obama’s staunch Hollywood supporters share his sentiment?
Her provocative, and deeply admiring, look at Mr. Snowden — which had its premiere at the New York Film Festival on Oct. 10 — arrived here this week amid high hopes, intense curiosity and more than a few raised eyebrows over its sharp critique of Mr. Obama, a president who has enjoyed strong support in the movie world.
The intrigue is especially pitched because several of the companies behind “Citizenfour” — which takes issue with Mr. Obama’s expansion of Bush-era surveillance, and his administration’s attempt to prosecute Mr. Snowden for espionage — are led by some of the president’s close political allies.
They include Harvey Weinstein, the Weinstein Company’s co-chairman, as well as Jeff Skoll, the founder of Participant Media, and Richard Plepler, the chief executive of HBO, who all have been major contributors to Mr. Obama’s political campaigns.
“Citizenfour” has already landed high on the handicappers’ lists of prospects for a documentary features Oscar. The film also promises to jolt the award season with a dose of real-world politics, as happened in 2012, when Steven Spielberg’s “Lincoln,” Kathryn Bigelow’s “Zero Dark Thirty” and Ben Affleck’s “Argo,” the year’s best picture, converged on Washington, with screenings, receptions and a Congressional uproar over the portrayal of torture by Americans in Ms. Bigelow’s film, which was about the hunting down of Osama bin Laden.
The role that Mr. Weinstein, whose Radius-TWC unit is backing the film (and distributed last year’s Oscar-winning documentary “Twenty Feet From Stardom”), will play in promoting “Citizenfour” remains unclear. In the past, he has not shied from using his association with Mr. Obama to promote issues-oriented movies. These include the biopic “Mandela: Long Walk to Freedom,” which had a much-publicized White House screening last year, and the documentary “Bully,” which was screened for Mr. Obama in 2012, just minutes after he announced his support for a pair of anti-bullying bills.
Also in 2012, Mr. Weinstein arranged a high-profile Washington showing of his “SEAL Team Six: The Raid on Osama bin Laden,” raising complaints that its flattering portrayal of Mr. Obama — who was edited into the film before its election-week premiere — amounted to a campaign stunt.
On Tuesday, it was the Radius-TWC co-presidents, Jason Janego and Tom Quinn, and not Mr. Weinstein, who played host as Ms. Poitras introduced “Citizenfour” to film buffs and some potential Oscar voters at the Los Angeles County Museum of Art.
“The film is certainly about the danger of N.S.A. surveillance, but it’s also really about courage,” Ms. Poitras said. (The movie’s title comes from Mr. Snowden’s self-designated code name when he began communicating with Ms. Poitras.)
In a later phone interview, Mr. Quinn and Mr. Janego said they had exercised considerable autonomy in acquiring rights to “Citizenfour” after Mr. Quinn visited Ms. Poitras to discuss the unfinished film at her home in Berlin. Both stressed that Mr. Weinstein and his brother, Bob, co-chairmen of the parent company, were not a driving force in the decision to distribute the film, which is to open on Friday in Los Angeles, New York, San Francisco and Washington.
“We did not see the actual film until very late in the process,” Mr. Quinn added.
Promotional screenings and talks are likely among the tech crowd in San Francisco and among political types in Washington, but scheduling has been hampered by that late delivery, he said.
The potential power in “Citizenfour” lies less in its revelations — though its ending points to the existence of another, as yet unidentified, government-surveillance whistle-blower — than in its intimacy and attempt to make narrative sense of the disclosures by Mr. Snowden, a former N.S.A. contractor.
At the film’s core are startlingly close encounters with Mr. Snowden, shot during eight days in a Hong Kong hotel room in 2013, as he began revealing secrets of the N.S.A. to the journalists Glenn Greenwald and Ewen MacAskill, and wrestled with the implications of his leaks. At one point, in nearly silent pantomime, he reshapes his beard and restyles his hair, preparing to slip from the hotel and eventually seek refuge in Russia.
The footage of Mr. Snowden is framed against shots of Mr. Obama and members of his administration, first denying the existence of domestic surveillance, then promising a review of programs, and finally insisting on Mr. Snowden’s prosecution.
In the Oscar race for best documentary, “Citizenfour” is likely to find itself up against some less volatile documentaries. Among those are “Red Army,” about Soviet hockey stars; “Life Itself,” about the film critic Roger Ebert; and “Tales of the Grim Sleeper,” about the predations of a serial killer in South Los Angeles.
But “Citizenfour” recalls a different political dynamic, in 2004, when Mr. Weinstein introduced Michael Moore’s anti-Bush “Fahrenheit 9/11” at the Beverly Hills headquarters of the Academy of Motion Picture Arts and Sciences with a personal tribute to Mr. Moore. The two received a roaring ovation from like-minded Academy members.
But “Fahrenheit 9/11” won no Oscars. It was ruled out of the race when Mr. Moore chose to air it on pay-per-view television shortly before the presidential election.
This time around, though, some key voices are quieter.
Mr. Plepler, whose top documentary executive, Sheila Nevins, is an executive producer of “Citizenfour,” has not yet seen the movie, an HBO spokesman said. Mr. Skoll, through a Participant Media spokeswoman, declined to comment when asked whether he had concerns about the film’s view of Mr. Obama. In an email, referring to Mr. Quinn and Mr. Janego, of Radius-TWC, Mr. Weinstein said: “This is Tom and Jason’s show. They have autonomy, and it’s all their call.”
Mr. Janego, on Wednesday, asserted that Ms. Poitras’s cinéma vérité approach leaves a comfort zone for both those who support Mr. Snowden and those who find his actions offensive. “You’re left to make up your own mind,” he said.
[7:42:15 AM] Neil Keenan: HAIL HAIL TO THE REPUBLIC OF THE UNITED STATES OR NOT????????? HAS THE CORPORATION FINALLY STEPPED DOWN? THIS IS WHAT I HAVE FOR NOW.
[2:28:08 PM] Neil Keenan: Listen I am not sure if this is true or not but I believe not and I bring it to you so you know what it is like to wait for the rightful answer.
in its entirety…..I will know for sure later but for now this is what I have received and I doubt if true but you never know. I know some of the names and some are and some are not real players and have been involved in things off color over the years. Here you are. We are on top of it.
[2:28:17 PM] Neil Keenan: BREAKING NEWS:
1. At 2 pm Obama signed with the Chinese, bankrupting the Federal Reserve and the Federal Reserve is being swallowed up by the UST under new leadership.
2. At 6 PM PST, Robert Won is going to go in and sign over the gold.
3. At Midnight EST the Organic Act of 1871 is repealed and the US Corporation is NO MORE. Long live the REPUBLIC OF THE UNITED STATES, ONE NATION UNDER GOD WE TRUST!
4. At Midnight PST, “the Admiral” goes in.
5. At midnight PST, IRAQ goes in to include the REINSTATEMENT rate of 3.58 internationally and with a $6 – 8.00 US rate, to gather in IQD for oil credits.
6. General Ham is taking over the US Government and Commander Fairfield is taking over the Treasury.
[2:28:31 PM] Neil Keenan: I will let you know asap…..
Last Friday it was revealed that the purpose behind Secretary of State John Kerry’s visit to Saudi Arabia a few weeks back was to sign a secret deal by which the leading OPEC state would saturate the markets with excess oil and cause prices to fall for the global commodity. This move would have the consequence of causing vast harm to the Russian Rouble, and increase inflation and price instability for the Eurasian state.
However, on Oct. 13 Russia‘s strongest ally and member nation in the BRICS coalition signed its own deal with the Eurasian power to not only help stabilize prices for the beleaguered economy, but increase direct non-dollar trade with a 150 billion currency swap deal through which Russian Roubles are traded directly for Chinese Yuan. This new deal will have the effect of bypassing the dollar and the the reserve currencies overt effects on the Rouble that is part of the ongoing proxy war between America and the East, and also mitigate some of the consequences of the secret Saudi oil program.
China is ready to export agricultural products and oil and gas equipment to Russia, China’s Vice Premier Wang Yang stated Saturday.
“China is willing to export to Russia such competitive products as agricultural goods, oil and gas equipment, and is ready to import Russian engineering products,” Wang Yang said during the 18th session of the Russian-Chinese Commission for the Preparation of Regular Meetings of the Heads of Governments.
And the cherry on top came moments ago when, as if to assure all involved parties that there will be enough capital support on both sides, the PBOC released a surprising announcement that the central banks of China and Russia signed a 3-year, 150 billion yuan bilateral local-currency swap deal today, according to a statement posted on PBOC website. Deal can be expanded if both parties agree, statement says. Deal aims to make bilateral trade and direct investment more convenient and promote economic development in 2 nations. – Zerohedge
The significance of this deal is two-fold. First, by allowing for Russia to have direct trade between themselves and China in their own national currencies, Russia can mitigate some of their escalating price inflation within their country that is a direct result of Saudi Arabia’s overt actions to drive down the price of oil. Secondly, by facilitating the purchasing of Chinese products without the use of the dollar as a middle-man, Russia puts even more pressure on Europe who is hemorrhaging trade that had been a mainstay between the EU and Russia, and which is now accelerating Europe’s path into recession.
As long as oil is denominated in dollars in the global market, the U.S. can and will use its control over the petro-dollar and reserve currency to inflict economic war against any and all nations that do not cede to American national policies. And with the U.S.’s current desire to escalate chaos in both Ukraine and Syria, and to keep Russia out of the picture and unable to protect their new and long-standing allies by disrupting their economy and currency, today’s intervention by China may be the key in allowing Russia to stabilize prices within their economy, and to inflict greater harm to America’s allies who still are beholden to dollar denominated trade.
Many people have sent me the following article related to a huge meeting next week with the heads of the US and UK financial regulators. The meeting has to do with the ability to wind down large “Too Big to Fail” banks. Here’s one of the articles:
U.S. and UK to test big bank collapse in joint model run
“Treasury Secretary Jack Lew and the UK’s Chancellor of the Exchequer, George Osborne, on Monday will run a joint exercise simulating how they would prop up a large bank with operations in both countries that has landed in trouble.”
“Also taking part are Federal Reserve Chair Janet Yellen and Bank of England Governor Mark Carney, and the heads of a large number of other regulators, in a meeting hosted by the U.S. Federal Deposit Insurance Corporation.”
END
In the face of it it doesn’t seem like such a big deal but how many times have we heard of “exercises” and “simulations” being scheduled and run the very same day as an actual false flag event happens??
Disgusted Journalist Spills the Beans and Admits All the News is Fake!
A top German Journalist and Editor Dr. Udo Ulfkatte has just gone public with some shocking admissions. He basically admitted what all of us who read the alternative media such as BeforeItsNews have known for a long time – the entire mainstream media is totally fake! He went into a very detailed talk in this video and spilled the beans about everything! He talked about how the CIA gets control over all of the major journalists. He is sick of the lying and decided to go public with everything he knows. He’s already had 3 heart attacks and decided he didn’t care anymore about what they would do to him! He’s a real hero in my book!
This is an amazing video that must be shared with every human that hasn’t woken up yet and still believes anything they see on Fox News and the rest of the fraud media in the United States! For the first time in history a well known journalist has come forward and told all the secrets! Our news is completely FAKE and he tells you how it operates! Get the word out about this video and be sure to read this amazing article from Dr. Preston James of VeteransToday where I found the video.
This is a MUST READ article that explains everything going on in America today by a man they’ve tried to kill many times!
You must also read Preston’s other two masterpieces in this series that give the most accurate picture of how the crime syndicate has taken over the planet. These two articles cover everything and will answer all of your questions that nobody else talks about because they don’t know! He even covers what he’s learned from his high level contacts about the aliens and how they fit into everything. Preston is a good man and a Christian. He has had access to much classified data and that’s why the crime syndicate has tried to kill him many times. God has protected him, and led him to the truth about many things so others may learn and share with others.
Their amazing articles are still being censored by the controlled opposition (tip of spear types) in the alternative media! Don’t let those that censor the hardcore truth put out by patriots at VeteransToday run out the clock on us so we get put in the FEMA camps for organ harvesting as that is the plan of the people that run DHS!
Support the patriots and veterans at VeteransToday. Once you read their stuff and listen to their interviews through “Veterans Today Radio broadcasts”, you’ll never trust anybody that censors their stories again! You’ll know that the ones censoring their information are working for the ones that want to put you in the FEMA camps! No real patriot would censor their stories. My hat is off to BeforeItsNews who has never censored the articles from VeteransToday
It’s up to all of you that read this story. Do whatever you can and increase your efforts at spreading the truth. Don’t support anybody that censors US Intelligence (VeteransToday) because they are the only ones putting out all the truth and are the only ones that can do something about it! Those in alternative media that are censoring VeteransToday are aiding and abetting the Illuminati crime syndicate that wants to put you in a FEMA camp! I’ve seen this censorship time and time again when I ask those in alternative media with the famous names why won’t they report on the information on VeteransToday? They run away and hide from me! Go do the test yourself. Contact all these big names – you’ll be lucky if you even get a response from most of them!
Censorship and lying should never be tolerated in the alternative media. You stopped listening to the mainstream media because you found out they were lying and censoring important information from you! Why would you trust anybody in the alternative media that pretends that VeteransToday doesn’t exist? Why would you trust anybody that didn’t report the Snowden information that proves 9/11 was nuclear and went over exactly who did it? Only VeteransToday had the guts to release to the public and BeforeitsNews never censored me from writing about it so they are putting out more truth than the biggest names in alternative media! Think about that before you buy your next round of Iodine from a radio show host! Did this person tell you some of the things I have told you in the last 6 months of my articles? If not, then why are you giving them money? Thanks again to all those in the alternative media that have helped spread the information I have put out this year. You are the real heroes because you are waking people up to the hardcore truth that can put people in prison and get our country back. We have their names now because Snowden gave them to us! Snowden gave the secret bank accounts to the traitors in our Congress! US Intel made sure that some of those accounts are now frozen so the bad guys can’t get their money! Support VeteransToday so they can make sure they go to prison for their crimes! The more people that learn about the information at VeteransToday, the sooner we get our country back! I invite all of you to get my free ebook, “How to Spread 1,000 Times More Truth” and let’s smash the lies of the new world order harder in the next 6 months than we’ve done in the last 6 years! We can do it together!
“This 9/11 data dump is so radioactive the US Government will likely collapse. The world will never be the same when nations everywhere see this report!”
– Veteran 9/11 Investigator
Huge caverns of “melted granite” were found below the foundations of the Twin Towers. Were they caused by thermo-nuclear explosions detonated to obliterate the steel reinforced, cast concrete, tubular core structure of WTC Buildings 1 & 2?
The evidence is now clear and indisputable that the false flag operation carried out on September 11, 2001 was a multi-nation conspiracy. The USA, Israel, Saudi Arabia and UK have each been proven to be directly involved with the execution and coverup of this crime against humanity.
There were other state actors and intelligence agencies involved such as Pakistan’s ISI; however, the US Federal Government and Israeli Secret Services are by far the most complicit. The voluminous amount of circumstantial evidence alone both indicts and convicts the US Government of crimes against its own citizenry. Likewise, Israel’s fingerprints are all over the 9/11 crime scene and directly related criminal activities.
Enter Russia … Edward Snowden … and the Alternative News Media
When Edward Snowden opted to stay in Russia after fleeing the USA little did he know that the NSA treasure trove he absconded with would serve as the basis for so much 9/11 revelation. The existence of this extraordinary cache of NSA evidence documenting criminal activity conducted at the highest levels of government has empowered Russia to reveal 9/11 Truth with unimpeachable authority. Hence, the Kremlin now conducts periodic and strategic data dumps concerning the real facts surrounding the events of 9/11.
As long as the Anglo-American Axis, the European Union, and NATO continue to antagonize and persecute Russia, why would they not continue their “massive download” of 9/11 evidence which indicts the original accusers. The coup d’état conducted by the CIA, MI6 and MOSSAD in downtown Kiev only served to further inflame an already justifiably angry Russia.
Putin Plays Chess While Obama Plays Checkers
While the USA & Company issues one sanction after another, it is Putin who owns the critical pieces in the critical places on the ever-changing geopolitical chessboard. Not only can Russia shut down the Ukraine economy in a day and a night, much of Europe can be left out in the cold this coming winter season. Much more importantly, however, Russian social networks can download HUGE amounts of 9/11 evidence about the true false flag perpetrators in a New York Minute.
Whereas Russia has yet to do just that, the Kremlin has permitted the release of earth-shattering material which is generally known on the internet as 9/11 Truth. The world is starving for such unvarnished and genuine truth in view of the fact that those false flag attacks have been systematically utilized by the real perpetrators to wage war against nations near and far.
That’s all about to change in 2014.
With the dissemination of the most recent round of 9/11 Truth, the guilty state actors have been painted into the corner … WITH NO WAY OUT. When a nation such as Russia, which possesses an intelligence apparatus second only to the USA, provides high integrity information and data pertaining to the 9/11 false flag operation, and Edward Snowden is backing it up with NSA-generated hard evidence, how can the real perps possibly squeeze out of that corner?
The internet has seen to it that no one can hide in 2014 and beyond … not in Paraguay, not in Pine Gap, nor in Punxsutawney, Pennsylvania. What do we mean by this?
The following bullet points were extracted from one of the most earth-shaking interviews ever conducted on radio. This truly extraordinary interview took place among a group of 9/11 Truth seekers whose collective knowledge base, deep/broad experience set and access to insider information qualified them “to blow the lid off ” the US Government-coordinated conspiracy to commit high treason, mass murder, grand theft and premeditated acts of state-sponsored terrorism.
The YouTube video of this unprecedented interview is shown below, as is the original hyperlink. This particular link has also been used for the following bulletized transcription of many of the key points concerning 9/11 Truth that were discussed. Many of those points have the YouTube time posted for ease of referencing.
Veterans Today Radio Interview on 9-22-14 With Gordon Duff, Jim Fetzer, Preston James And Stew Webb
Transcription (with paraphrasing) of the interview key points begins here:
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
World trade center destroyed by nuclear weapons. Documents in hand prove source of materials for these weapons.
Able Danger investigation proved that the FBI was complicit in the 1995 Oklahoma City bombing. Mossad Agent Monica Lewinsky was set up to get Clinton to stop investigating the Oklahoma City nuclear event.
40:01Real Able Danger established after Oklahoma City bombing, to investigate a group that included a rogue organization within the CIA, Israeli, and Saudi Intelligence. Able Danger pre-report lists CIA [part of Able Danger investigation], The Mossad, and Saudi Intelligence, were operating in the USA as terror cells who called themselves by a code name = Al Qaeda
Able Danger investigated theft of nuclear material, and the Dept of Energy, stating a high-ranking individual within US Energy Dept, perhaps the Director himself, was an Israeli agent who made available to Viktor Bout, and those working with him, could have been a brother of President George Bush, and the Prime Minister of Israel, and the Prime Minister of South Africa at that time, were all directly involved.
44:00Gordon Duff pulls up report Russians sent to him that lists people who planned destruction of the World Trade Center in NYC. 9/11 attacks were partially done as nuclear blackmail, and also to stop Able Danger investigating theft of over $200 trillion and 350 nuclear warheads. Gordon has documents from the Russian government regarding Able Danger.
Is this the Nuclear Blast Hole beneath a WTC Tower that Dimitri Khalizov reported would result from a 150 KiloTon Bomb underground nuclear explosion?
CRITICAL:
Department of Energy supplied information on nuclear “pits”, the center of warheads that were sent to Pantex [“the United States’ only nuclear weapons assembly and disassembly facility” (Wikipedia — Pantex Plant)], Amarillo, Texas to convert into fuel. Some pits were configured in such a way to remanufacture into nuclear weapons. Some pits had deteriorated to such an extent, and were of a configuration that if someone tried to manufacture them, it would be the last thing they ever did! The pits removed from there; if you thought you could enter a nuclear reprocessing facility and just grab something off the shelf [MOX plutonium], without detailed, exceedingly classified information about the chemical make-up, design, and current condition of each of the 350 pits taken, it would be a complete waste of time and energy.
46:00They began cherry picking, to re-build the Israeli nuclear arsenal after the Dimona reactor operation had crashed between 1988 and 1994. Colonel James Henke, Attaché to Israel, and now Editor of VT, was in the reactor on behalf of US government, investigating what happened within that reactor.
When the Israelis were no longer able to produce nuclear weapons, they found a way to just take them off the shelf in the USA. VITAL: The only way they could do that is with the help of a high level mole within the Dept of Energy who could tell them which ones to take. This is likely one of the biggest national secrets ever! We’ll go back to the make-up of the group involved in running this organization, which by the way is responsible for the FRANKLIN SCANDAL.
47:44This group controls members of Congress through running gambling money through Las Vegas and Macau, running prostitution and [rent boys] groups across the USA and through Washington, DC. It runs a massive blackmail organization out of Cuba. Stew Webb has confirmation from the NSA on this organization. This organization handles its cash through Bain Capital and the world’s largest retail chain aids them in doing this through banks that it owns; a massive money laundering operation.
48:46 Speaking from lists they have statingthe first Director of Homeland Security was listed as the head of Al Qaeda [insinuated to be Michael Chertoff]; the real Osama Bin Laden, assisted by US Attorney who had handled all 9/11 investigations. 50:40ISIL/ISIS is a total creation of the CIA, Saudi and Mossad Intelligence code named “Al Qaeda”. Individuals who initially set it up are still running it. This is why the government of Iraq announced on Sept 22, 2014, if Americans wanted to have boots on the ground, they have no interest in having anyone there, because of the involvement of these 3 organization, there isn’t anyone they can trust.
51:40 [JOHN] Latest invasion of Iraq and Syria not getting knee-jerk reaction from American public, and beheadings are all very likely false, too. Looks like they’re setting us up for a fake boogey man to do something very catastrophic to America to make us blindly go into another conflict.
52:05GORDON DUFF response: This is why I am saying what I am saying today. Gordon has an indication, and frankly it could have happened already were it not for so many whistleblowers on the internet exposing potential nuclear plots, that there is a nuclear threat against USA. Russians are an aware of this. There has been an exchange or not? Gordon will not box with Russians, who give Gordon information. The Ukrainian war went nuclear! The government in Kiev says it has. They are staunch allies of USA.
53:17 Osama Bin Laden was a phantom enemy created to mask the real enemy, and only enemy, the Director of Homeland Security. It turned out to be a horrible mistake that the USA hand fed weapons into al-Nusra ISIL, after code naming them Al Qaeda; that they burned up the name Al Qaeda. That was a good boogey man name to use. The real Osama Bin Laden, and head of Al Qaeda, was the Director of Homeland Security, and that’s ‘who’ ran Al Qaeda, with the help of a US Attorney [involved in the investigation], and head of Canadian distilling family — very well known and the wealthiest family in Canada, with the help of the Mayor of NYC, a NYC Police Commissioner, were involved in planning 9/11 according to these documents, the then President of South Africa, and the Prime Minister of Israel, the names go on, including a prominent White House Counter-Terrorism official [unnamed].
54:58 Names NOT listed in the document are Donald Rumsfeld, John Ashcroft, Dick Cheney, and George W. Bush. There are classification levels in that particular document that are not legal to list. Gordon can only say what is and what is not there.
55:34 On 9/11 the destroyed Pentagon offices contained a small G2 Unit [US Army G2 Branch Responsible for Intelligence and Security]; a highly classified Criminal Investigation Service. The part of the Pentagon that was hit was the site of the Able Danger offices. They were investigating missing nuclear weapons. This group under JPS UDP command, for those of you who work in government; that’s 35 out of 50 key investigators from Able Danger were killed in that attack. They were called into the office where the missile struck for an emergency general staff meeting that was running late, [the very same plot ran on television shows including the show “Homeland”]. John O’Neil (American counter-terrorism expert and Special-Agent-in-Charge in the Federal Bureau of Investigation) who was Chief of Security for the World Trade Center and died in the collapse of the Twin Towers on Sept. 11, was also known for trying to stop the 9/11 attacks and apparently murdered for trying to blow the whistle. Later, CIA agent Roland Carnaby was murdered by a Mossad agent in Houston Texas, who was also a Houston police officer. [During Q&A video around 1:11 During Pentagon attack, none of the higher ups or General Myers were present]. Gordon read this from amended notes after original 9/11 report in 2003. The real 9/11 report, not the cover up.
57:04 More curious things: People they were protecting in southern Manhattan from a nuclear attack on 9/11; CEOs of key firms working in the World Trade Center were invited to a private golf outing, but in reality were kept secure at Offutt Air Force Base in Nebraska. Golf outing was sponsored byWarren Buffet. Make of this what you will. Gordon cannot publish this document.
58:00 This investigation into theft of nuclear weapons is being handled by a federal grand jury in Houston, Texas that is still seated. There are a number of people currently in witness protection. There are numerous — “piles” — of witness statements involving people who had driven nuclear weapons in refrigeration trucks full of cow carcasses, the nuclear weapons were in boxes on the floor under the carcasses. The nuclear weapons were then sorted inside a refrigeration facility and transferred to fertilizer plants, ultimately moved through the Port of Houston. The truck drivers and people who butchered and cut up the cows who have made incriminating statements have been in witness protection for many years.
59:19 Obama blocking money laundering for a number of months, is the most dangerous thing he has done and is tied to these issues: tied to Wanta and his money, tied to NASA payoffs of people involved in 9/11 and subsequent financial crimes, and huge thefts out of the Pentagon, and why investigators in the Pentagon were killed, and computers destroyed. Records should have been stored on centralized servers. These are not stand alone computers with hard drives in them. Pentagon has stacks of multiple secure mainframes, and yet claim records were destroyed when computer terminals tied to the mainframe were destroyed. They don’t have a drive in them and you can’t even put a flash drive in them. General Meyers helped sequester key people during 9/11. (Q&A 1:32 Pentagon computers are EMP protected and stored deep underground.)
1:01:42 During 9/11 and confirmed; Israeliteams around NYC were being watched, and dancing Israelis were living in New Jersey, under investigation and being watched by an FBI Team headed by Special Agent Mike Dick. Mohamed Atta was seen meeting with them, the alleged 9/11 mastermind [imaginary box cutter]. Arrests were made; the only ones that were publicly held were the ‘dancing Israelis’ who were being investigated for smuggling nuclear weapons into the USA. Other groups were under investigation including Urban Moving Systems. One group was arrested on George Washington Bridge. They had planted explosives where the cables connect into the ground. They were arrested, and later released to an alleged FBI agent who was actually an Israeli Mossad agent ‘authorized’ to carry FBI identification. Arrest made by NJ State Troopers who released the 3 man Israeli team. Two more bombs were to be used on the Lincoln and Holland tunnels. Electronic warfare jammers were placed on several high rise buildings in Fort Lee, and around the bridge, and around the block by this group themselves. The dancing Israelis planted the jammers. Two of the RF jammers were recovered and are still in evidence, held in Houston, Texas.
1:04:18 Their job was to jam the Port Authority, and NYC fire department radios (the fire department radios did not work because the Israelis jammed them) No radio blackout issues, the radios were intentionally jammed. NY Office of the FTC recovered the jammers using detection equipment. We havea recording [tape] of this arrest, of the Israeli’s who tried to take out the George Washington bridge. New Jersey State Police arrested them.
1:05:14During one of the tunnel arrests on 9/11 a NYPD detective called Gordon Duff to indicate they had made an arrest, where a truck [they did not say Urban Moving Systems] which Gordon perceives it was. Since there was a road block going into the tunnel the truck driver tried a turn around. Gordon Gordon was informed this Commissioner ordered the release of these individuals; weapons and a bomb to destroy the tunnel were recovered in a vehicle [may not have been an Urban Moving Systems vehicle], with Israeli citizens in it, heading into the Lincoln Tunnel. Unsure about Holland Tunnel outcome; however, there are records of a plot being foiled. There was a group arrest and they were released to the NYC Police Commissioner and never seen again. NYC Police Commissioner later went to prison. We want to thank to Edward Snowden, Intelligence Agencies of Russia who answered so many questions, and who validated so much of what we learned was right. Thanks to them we now know the scope of this;we now know that the APEC scandal was part of Able Danger, and that Richard Holbrooke’s part in passing nuclear secrets / information was a part of this.
1:07:52 “BIG PICTURE” – Dr. James Fetzer and Dr. Preston James question Gordon Duff who confirms the accuracy of what Stew Webb says: 1:08:35The Israelis are behind ISIL/ISIS, and attempting to take over all the oil in the Middle East. They’re trying to control the production of the oil in Iran, Saudi Arabia, Kuwait, Iraq, and Syria. They dropped oil prices $8-10 per barrel in the past 6 weeks. They are forcing oil prices down, which they are manipulating daily, and will force down again by another $5-8 a barrel. They are trying to control Russia’s production (Yukos Oil) [by remote]. They plan on squeezing out Russia, eventually Saudi Arabia, and Iran in particular, in order to run their economies.
1:09:27All of this has been run through Cuba [vital details]. The Donald Lunquist Bribery scandal, all of this, these guys are all going in and out of Cuba. Flying from Toronto. They were issued diplomatic passports and visas by the Israelis. And they are flying out of Vera Cruz, Mexico. These guys have easy in/out of Cuba, their parking place, protected by Castro government. Little do they know, Mexican Intelligence infiltrated them and it’s all on video!
1:11:52List of an alleged125 casualties at the Pentagon, exclusive of the ‘plane crash’ victims, 36 of them were financial analysts, accountants, budget experts, suggesting Rumsfeld had used the occasion to mention $2.3 trillion missing from the budget, to get them all together in the West Block offices of the Pentagon, with their documents and records, to take them out.REVELATION: The records could not have been destroyed because they were using dumb terminals to connect to it. Catherine Austin Fits, HUD Secretary found this, creating the distinct possibility of an existing back up of all the relevant records.
1:13:02After 9/11 a former CIA Director told Gordon how many of his friends were killed amongst the financial analysts there.
1:16:47Gordon responds to Preston’s question about nuclear weapons going off in USA: YES, very much in danger. Gordon thanks Russians who sent him the information and thanks Snowden. Zero amount of this incriminating info hit the newspapers. This sensitive info and evidence would have gone to NY Times or CNN if they showed any interest in handling and disseminating them. Witnesses and many others fear for their lives. Many people in USA are under gag orders from Federal Judges who have all the information about 9/11. 9/11 is one facet of their ‘house cleaning’, and blackmail, and a massive case of insurance fraud. 9/11 was big, a very big PAYDAY killing off as many people as possible!9/11 was like the last scene of the first Godfather movie, where they are going to the christening ceremony and they bought and killed all the family’s enemies.
1:18:49They did that and made a $7 billion payday, and after that they put in place organizations. They took a primary 9/11 plotter and put him in charge of the Department of Homeland Security where all investigations could be quashed immediately. All of the criminal cases tied to 9/11 went to a US Attorney who was involved in 9/11 planning. The most powerful lobbying groups in Washington and think tanks were all involved in planning 9/11.The documents Gordon receives list payoffs; what it takes to silence people. You figure out who you are, what it would take, and what your life is worth. One figure was used continually. You pay someone off with $20 million no more or less. Why this figure? They went through Congress, department after department, through the FBI, Department of Justice, and gave these people $20 million. Accounting done in Caribbean island and handled through Cayman Islands. All these people now, hundreds of them who know everything about terror of 9/11, are sitting there with $20 million, and Obama just cut them off from their cash.
1:22:28 How do you hide/handle the money, and what it takes:They don’t just hand you the money, they launder the money for you because they have banks, and they control the IRS, and they control the Treasury Department.They are the ones who make sure you never get audited, that nobody looks through your accounts for the money, that none of it is ever seen. You can take money in and out of the country, and you can keep it. However, if anything ever goes wrong, they can always get you. To come forward and testify means nothing because you will never live to see a judge, a police officer can always pull you over and shoot you! Or you’ll be in a small plane like Mike Connell who made Carl Rove angry, and it will plough into sand bank and kill you, or you’ll have a mysterious heart attack, or a strange case of systematically induced cancer. Failed attempt was made on Gordon Duff’s life.
1:24:45 Factory explosion in Donetsk; Lance missile was designed to carry the neutron bomb. Neutron bombs and varying forms of them in stage 1 and 2, neutron and EMP (Electromagnetic Pulse) bombs are available in large quantity and in configurations as small as 1 ton TNT. There are weapons out there that do not produce any radiation, and there is never a large explosion. We have hundreds and hundreds of tons of plutonium that we consider worthless scrap. These bombs can be made out of low grade fuel and nuclear waste. This is why VT publishes nuclear information. No longer require 98.8% plutonium or pure 235. These weapons are made from simple nuclear waste. We now have ways to get depleted uranium to go very critical.Anything is possible.
1:28:55Code words in this broadcast for intelligence people to know this is factual. Get this information out to as many people as possible! Once the information is put out there is no putting it back. Discussion moves into duplicity and who was involved, as well as who was killed on 9/11.
1:35:04 It appears that Dynacorp broke the original investigation on this. Dynacorp was the accountant for roughly $2.7 trillion missing 1991-2001. Also missing in 1996 or 1997; $60 billion missing out of HUD. Dynacorp appears to be the accounting division of the US government these days. Formerly under Clinton, Dynacorp was involved with wars in Bosnia / Serbia; also involved with trafficking children. Dynacorp may go back to daddy and Israelis. If you work as a military contractor, you work with Booz Allen and Dynacorp fairly extensively. Israeli company that manufactured the jammers recovered on 9/11 is a working partner, equity partner with Gordon’s firm; they own stock!
1:36:34 Zionist forces have so much CONTROL over USA politics, military, and foreign policy.NSA raw data [‘unfiltered’ information on individual Americans that should be covered by privacy] goes directly to Tel Aviv.
ISSUE:Rather than military and political data mining, there is a massive amount of commercial information used to manipulate stock and commodity markets in the USA.
ISSUE:NSA listens to all stock trades, sees all corporate communications, intercepts any and all corporate documents that allow insider trading and/or market manipulation; all of that information goes directly to Israel. It’s always about money. There is no integrity whatsoever in the financial system.The whole game is rigged. If you understand who is rigging it [the real crooks involved] and how the game is rigged, as many do, you will always make money.
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End of transcription
Conclusion
There is no event in the New Millennium that has shaped world affairs like the state-sponsored terrorist attacks of September 11, 2001.
The primary truths of What, How, Who and Why have never been satisfactorily answered by government or law enforcement, mainstream media or scientific academia. However, the many shocking and painfully relevant truths have been hiding in plain sight for over 13 years.
The established facts and hard truths regarding the 9/11 false flag attacks on New York City and Washington, DC are now coming out. Authoritative sources, who either witnessed what happened or who have first hand knowledge of what went down, are disseminating their once secret information on the internet for all to review and evaluate.
Now anyone can become privy to what was once highly privileged information; although, numerous individuals have been aware of some of this “explosive material”[1] by virtue of their positions in society. However, up until this point relatively few Americans have ever read exposés like this. This state of affairs must change if the 9/11 Truth Movement is to gather the necessary momentum to put the country in the right direction.
Perhaps it’s time to aggressively disseminate 9/11 Truth like this before the same characters set about the process of trying to pull off another one. After all, members of the very same crowd are still in power. Others have access to the same levers of power that they pulled during the 9/11 attacks on NYC and DC.
Therefore, it seems necessary that those who are now in the know would unite in such a way so as to forever preclude another 9/11 type event on US soil. With knowledge as powerful as that which is presented in this post, aware citizens ought to organize in a manner that will guarantee the immediate termination of all US state-sponsored terrorism both domestic and foreign.
Toward that end, each and every US Government official, law enforcement personnel, agents of foreign governments, intelligence and secret service operatives, corporate contractors, mainstream media coverup participants, and all other co-conspirators must be identified and properly tried within the criminal justice system.
Just as important, any individual found to be peripherally involved with the 9/11 false flag attacks on America should be immediately removed from their positions of power, authority and influence. They must also be deprived of those resources which were utilized in the commission of such a grave crime. In short their seats of power ought to be replaced by prison cell bunks post haste … for the rest of their natural lives.
It is critical to understand, especially for those initiated into the complexities of the World Trade Center controlled demolitions, that there were various means necessary for taking down the Twin Towers into their own footprint. Such a task was so complicated and difficult that the evidence — circumstantial, anecdotal, and scientific — points to multiple techniques and demolition devices.
To elaborate further for the many nuclear skeptics, it is quite likely that in addition to the micro-thermonuclear explosives, super-nanothermite and directed energy weapons[2] were also utilized. Why, pray tell, wouldn’t the perps use every means at their disposal to ‘neatly’ and efficiently bring down the buildings, just as they did?
In other words, the usage of the aforementioned trio of micro-thermonuclear explosives, super-nanothermite and directed energy weapons are all consistent with different theories which have been advanced by some very smart people. Therefore, one thing is now abundantly clear: These three effective methodologies are by no means mutually exclusive when postulating the controlled demolition of the three WTC buildings. That also includes those typical explosives and standard operating procedures which are routinely used in controlled demolitions around the world.
Why should any of these techniques be mutually exclusive? Who says so? Only those truthers who are so stuck in the Dr. Judy Wood DEW camp only, or Dr. Steven Jones Thermite camp only, or Veterans Today Nuke camp only, to the exclusion of any other possibilities seem to assert such dogmatic and inflexible ‘conclusions’. We don’t see Judy Wood or Steven Jones or Gordon Duff being resistant to various combinations of controlled demolition techniques.
At the end of the day, does it really matter exactly how they executed the obviously controlled demolitions of all three buildings. The “What?” and the “How?” are never as important as the “Who?” and the “Why?”. Yes, it is helpful to know how they did it in order to secure convictions against the low level hit men who placed the charges and “aimed the weapons”, etc. However, they are but very small fish in a very big sea where there are some very large and dangerous sharks still roaming around.
Smoothed granite from thermo-nuclear detonation in the WTC foundation
Image source: Khalezov, Dmitri. “911thology”
First one is “SGE” Shanghai Gold Exchange website announcing their “Bank Holiday”, Oct 1-8, 2014.
Second is about “GCR”, Global Currency Reset.
Click on each link to get the full story:
Notification on Market Risk Control during the National Holiday 2014
2014-09-24
All Members,
The National Holiday 2014 is approaching. According to the holiday schedule issued by the Exchange, the market will be closed from October 1 to October 7. The last trading session before holiday will be the afternoon session on September 30 (Tuesday), and the first trading session after holiday will be the morning session on October 8 (Wednesday)……….snip…….
China will use gold and gold pricing to force global currency reset
Dr. Jim Willie: When we get this next global currency reset, it’s going to be a complete reset. It apparently will happen predominantly in the gold world. They are going to change the price of gold, and jam it down the U.S.’s throat……….snip……….
Reader and commenter Steve Henningsen is one of the many frequenters of this site who not only contributes intelligent and thoughtful opinions, but also does invaluable research on the coming transition of the global financial architecture.
Last night Steve sent me a link to a briefing from the OMFIF – Official Monetary and Financial Institutions Forum. The OMFIF is made up of experts and members of the global financial institutions and is a direct source of information for what is really happening.
This particular briefing that Steve sent is titled China On Way to Joining IMF’s Reserve Currency Unit. It is subtitled Renminbi Could Enter “Magic Circle” Through SDR Broadening. The paper is dated Monday, September 29, 2014.
Let’s not get into what the term “magic circle” implies in the broader sense just yet.
The paper literally mirrors everything I’ve been saying here for months. Especially the part about the renminbi being added to the SDR basket.
Here are some of the highlights from the briefing:
No decision has been made. But measures already taken by the Chinese authorities to internationalise the renminbi, and a big increase in financial market interest in the currency, increasingly point towards a broadening of the SDR’s composition from January 2016. This is in spite of the renminbi’s formal inconvertibility, reflecting Beijing’s restrictions on capital account transactions that are highly unlikely to be completely scrapped in the foreseeable future.
Though I suspect we may see a broadening of the SDR’s composition before January, 2016, we at least now have a benchmark to work with. How quickly some of the other geopolitical and legislative issues can be worked out will likely speed things up somewhat.
Inclusion of the renminbi in the SDR basket, although ostensibly a technical step, would confer upon the Chinese unit the de facto standing of a reserve currency, a highly important symbolic development and the first time that an emerging market currency would attain this status.
This statement is exactly what I was describing in the post Renminbi Is Already A De Facto Reserve Currency, which was written on September 14, 2014, 15 days before this brief was published.
Chinese entry into the ‘magic circle’ of reserve currencies in the SDR, along with the other components (the dollar, euro, yen and sterling), has already been advanced by a ground-breaking decision announced this month by the UK Treasury. The British government will issue renminbi-denominated bonds, the first sovereign government to take such a step (apart from the Canadian province of British Columbia), and allow the proceeds to be held in the UK reserves managed by the Bank of England, breaking two long-held taboos for the UK authorities.
There is the “magic circle” term again. And I also mentioned that the Canadian province of British Columbia was the first foreign government which issued a renminbi denominated bond.
The IMF will undertake a technical criteria-based review of the options for widening the SDR in a review next year, with most of the work to be conducted from mid-year onwards and any changes taking effect in January 2016. The main conditions are that a currency in the SDR should be widely used in trade invoicing and should be ‘freely usable’ in international payments and asset management.
This statement fits well with what we discussed in the SDR’s and the New Bretton Woods series, where the 2010 IMF Code of Reforms were discussed. The full implementation of these reforms will allow for the restructuring of the Executive Board which will facilitate the process described above, namely the review and inclusion of the renminbi in the SDR basket.
In view of worldwide interest in the renminbi, repositioning and redynamising the SDR by including a leading emerging market currency could encourage greater interest in SDR-denominated instruments by banks, corporations, asset managers and other institutions around the world. SDR bond issues, which made an entrance in the early 1980s, have never achieved much support on financial markets.
This statement speaks to the detractors of the SDR. The SDR of old is unworkable but when the renminbi, and likely gold as well, is added to its basket composition, the whole game will change. The linear thinkers who can not see the abstract reality of what is taking place in the world are going to be surprised when the world of tomorrow leaves them behind.
These international and institutional think tanks have been the main source of all my own research and from this information I have developed my opinion on what is happening in the socioeconomic world. Understanding this information has made it extremely easier to decipher and understand what is happening on the geopolitical front as well.
The Bank for International Settlements and its mandated institutions around the world, including all central banks and the IMF, as well as the BRICS Development Bank and Contingency Reserve Fund, are all fragments of a much larger process of initiation moving the world into a macro multilateral architecture.
Over the last nine months I’ve taken some heat for attempting to blend economic metrics with the esoteric philosophy aspects in my writing style and content. The reference to the “magic circle” in the above briefing is in direct relation to this esoteric, or occult if you will, content and style.
Things will always come full circle and the complete picture begins to come into focus. Just like the name Philosophyofmetrics is being further understood and defined with the help of readers and commenters like Steve.
And for the purpose of clarity, I have no moral interest or vested interest in the SDR supra-sovereign currency structure. The intent of my writings is to explore and relate what to me are obvious and inevitable conclusions and outcomes. I do not support the SDR macro plan. What I do support are humanities attempts to move outside the magic circle and broaden our awareness of the infinity possibilities which weave in and out of all things.
We can be the grand architects of our own lives. – JC
(Updates fourth paragraph to include reference to ProPublica article containing Carmen Segarra’s allegations.)
Probably most people would agree that the people paid by the U.S. government to regulate Wall Street have had their difficulties. Most people would probably also agree on two reasons those difficulties seem only to be growing: an ever-more complex financial system that regulators must have explained to them by the financiers who create it, and the ever-more common practice among regulators of leaving their government jobs for much higher paying jobs at the very banks they were once meant to regulate. Wall Street’s regulators are people who are paid by Wall Street to accept Wall Street’s explanations of itself, and who have little ability to defend themselves from those explanations.
Our financial regulatory system is obviously dysfunctional. But because the subject is so tedious, and the details so complicated, the public doesn’t pay it much attention.
That may very well change today, for today — Friday, Sept. 26 — the radio program “This American Life” will air a jaw-dropping story about Wall Street regulation, and the public will have no trouble at all understanding it.
The reporter, Jake Bernstein, has obtained 46 hours of tape recordings, made secretly by a Federal Reserve employee, of conversations within the Fed, and between the Fed and Goldman Sachs. The Ray Rice video for the financial sector has arrived.
First, a bit of background — which you might get equally well from today’s broadcast as well as from this article by ProPublica. After the 2008 financial crisis, the New York Fed, now the chief U.S. bank regulator, commissioned a study of itself. This study, which the Fed also intended to keep to itself, set out to understand why the Fed hadn’t spotted the insane and destructive behavior inside the big banks, and stopped it before it got out of control. The “discussion draft” of the Fed’s internal study, led by a Columbia Business School professor and former banker named David Beim, was sent to the Fed on Aug. 18, 2009.
It’s an extraordinary document. There is not space here to do it justice, but the gist is this: The Fed failed to regulate the banks because it did not encourage its employees to ask questions, to speak their minds or to point out problems.
Just the opposite: The Fed encourages its employees to keep their heads down, to obey their managers and to appease the banks. That is, bank regulators failed to do their jobs properly not because they lacked the tools but because they were discouraged from using them.
The report quotes Fed employees saying things like, “until I know what my boss thinks I don’t want to tell you,” and “no one feels individually accountable for financial crisis mistakes because management is through consensus.” Beim was himself surprised that what he thought was going to be an investigation of financial failure was actually a story of cultural failure.
Any Fed manager who read the Beim report, and who wanted to fix his institution, or merely cover his ass, would instantly have set out to hire strong-willed, independent-minded people who were willing to speak their minds, and set them loose on our financial sector. The Fed does not appear to have done this, at least not intentionally. But in late 2011, as those managers staffed up to take on the greater bank regulatory role given to them by the Dodd-Frank legislation, they hired a bunch of new people and one of them was a strong-willed, independent-minded woman named Carmen Segarra.
I’ve never met Segarra, but she comes across on the broadcast as a likable combination of good-humored and principled. “This American Life” also interviewed people who had worked with her, before she arrived at the Fed, who describe her as smart and occasionally blunt, but never unprofessional. She is obviously bright and inquisitive: speaks four languages, holds degrees from Harvard, Cornell and Columbia. She is also obviously knowledgeable: Before going to work at the Fed, she worked directly, and successfully, for the legal and compliance departments of big banks. She went to work for the Fed after the financial crisis, she says, only because she thought she had the ability to help the Fed to fix the system.
In early 2012, Segarra was assigned to regulate Goldman Sachs, and so was installed inside Goldman. (The people who regulate banks for the Fed are physically stationed inside the banks.)
The job right from the start seems to have been different from what she had imagined: In meetings, Fed employees would defer to the Goldman people; if one of the Goldman people said something revealing or even alarming, the other Fed employees in the meeting would either ignore or downplay it. For instance, in one meeting a Goldman employee expressed the view that “once clients are wealthy enough certain consumer laws don’t apply to them.” After that meeting, Segarra turned to a fellow Fed regulator and said how surprised she was by that statement — to which the regulator replied, “You didn’t hear that.”
This sort of thing occurred often enough — Fed regulators denying what had been said in meetings, Fed managers asking her to alter minutes of meetings after the fact — that Segarra decided she needed to record what actually had been said. So she went to the Spy Store and bought a tiny tape recorder, then began to record her meetings at Goldman Sachs, until she was fired.
(How Segarra got herself fired by the Fed is interesting. In 2012, Goldman was rebuked by a Delaware judge for its behavior during a corporate acquisition. Goldman had advised one energy company, El Paso Corp., as it sold itself to another energy company, Kinder Morgan, in which Goldman actually owned a $4 billion stake, and a Goldman banker had a big personal investment. The incident forced the Fed to ask Goldman to see its conflict of interest policy. It turned out that Goldman had no conflict of interest policy — but when Segarra insisted on saying as much in her report, her bosses tried to get her to change her report. Under pressure, she finally agreed to change the language in her report, but she couldn’t resist telling her boss that she wouldn’t be changing her mind. Shortly after that encounter, she was fired.)
I don’t want to spoil the revelations of “This American Life”: It’s far better to hear the actual sounds on the radio, as so much of the meaning of the piece is in the tones of the voices — and, especially, in the breathtaking wussiness of the people at the Fed charged with regulating Goldman Sachs. But once you have listened to it — as when you were faced with the newly unignorable truth of what actually happened to that NFL running back’s fiancee in that elevator — consider the following:
1. You sort of knew that the regulators were more or less controlled by the banks. Now you know.
2. The only reason you know is that one woman, Carmen Segarra, has been brave enough to fight the system. She has paid a great price to inform us all of the obvious. She has lost her job, undermined her career, and will no doubt also endure a lifetime of lawsuits and slander.
So what are you going to do about it? At this moment the Fed is probably telling itself that, like the financial crisis, this, too, will blow over. It shouldn’t.
To contact the writer of this article: Michael Lewis at mlewis1@bloomberg.net.
To contact the editor responsible for this article: Marty Schenker at mschenker@bloomberg.net.
Putin Plays Chess While Obama Plays Checkers
FREEDOM MINDS FOR THE AMERICAN REPUBLICS 