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REAL NEWS July 21, 2012

Posted by Xaniel777 on July 20, 2012

TODAY’S NEWS : July 21, 2012


The Great Revealing: US Marshals Expose Biggest Scandal in History

From Divine Cosmos.com

David Wilcock

By David Wilcock – July 20, 2012 12:12

The Department of Justice — home of the US Marshals — has now blown the lid off of the biggest financial scandal in human history… after a highly covert three-year investigation.

The LIBOR scandal has started the Great Revealing of Financial Tyranny. Mass arrests must begin with mass charges, and mass court cases — and that has now arrived. Disclosure of many great hidden truths will follow.


Every person on Earth is increasingly aware that our world is ruled by corrupt forces — to an almost Biblical degree.

The astonishing events that have unfolded since June 27, 2012 have made that much more obvious — even for those who have been in the greatest denial.

This process has been fascinating to watch — not to mention remarkably rewarding.

After many years of hard work to expose the truth, we are finally seeing results — on a worldwide level. The knowledge will spread much, much more with each passing day.

In this new investigation, I will do my best to provide you with a blow-by-blow compendium of what has actually happened.

Furthermore, we are now seeing a precise fulfillment of the justice we’ve been promising on this site since at least last November. 

Critical information was leaked to us from highly classified insider sources, working for the good of humanity. Current events have proven that their plan is still very much in effect.



Every word of this investigation has been released for free. The bulk of our original findings are in the Financial Tyranny series.

The first and largest portion of our extensive investigation was released on Friday, January 13th, 2012.

The remaining elements took almost another month to finish, and were published on Thursday, February 9th.

You can begin by reading Sections One through Seven of Financial Tyranny here. Then go here to complete Sections Eight through Ten.

This truth is admittedly painful to accept. You will probably have to go through a grief process once you understand the full scope of what is going on.

Nonetheless, it is absolutely essential for everyone, as a planet, to end the denial and face the truth of our world — as it actually exists today.


The Great Revealing has not yet become the one thing everyone is talking about.

The arrests and resignations have only just begun — and the mainstream Western media is equally as culpable as those controlling the financial system.

After all, it’s the same people.

This is one of many popular notions that are proven in Financial Tyranny. It is no longer a “conspiracy theory.”

Vast psyops have been used — including tens of thousands of professional online hit-men, paid to look like normal people sharing their opinion.

Shame has been a very powerful weapon to stop people from learning the truth. No one wants to be “crazy” or hated for their beliefs.

You are about to see a variety of article links where the writers express surprise that the American media isn’t covering this story yet.

As you are well aware, this has nothing to do with the press being “shy.” They are simply staring into the face of their own destruction.



On June 27, 2012, the Commodity Futures Trading Commission, or CFTC, filed a surprise legal order against Barclays Bank — in a move that has shocked the world. 

A wealth of emails were presented, giving irrefutable evidence that Barclays was manipulating their own credit score — to generate almost unthinkably vast profits.

Here is the link where you can download the legal order yourself — and a photograph of the top page of this historic document.


This may not seem like a big deal at first — but in order for Barclays to have rigged their own credit score, they had to be conspiring with all the other biggest banks in the world.

These are the banks they are supposedly in competition with.

This story has taken off with unprecedented, explosive force in the UK — but is almost non-existent in the US, except on Huffington Post and alternative news sites.

This legal action required extraordinary secrecy to perform. Had the Cabal gotten wind of it, they would have killed everyone involved.


Indeed, the world just found out that all the biggest banks are in bed together.

They are all implicated in a vast conspiracy to lie to the public, and create artificial investor confidence that benefits no one but themselves.

Mass criminal charges are already being prepared — by labor unions, local banks, local governments, state governments and federal governments — as a result of this move by the Department of Justice.

All the evidence is now freely available, as we will see — and the story is nearly moving faster than we can keep up with at this point, with new developments on a day-by-day basis.


Some people are so war-weary that they refuse to believe anyone in government, military, finance, intelligence or the judiciary could be a trustworthy human being — or want to do the right thing.

As I have said before, this is ultimately a genocidal belief system that seeks to paint the world in black and white, reinforce victim consciousness, and create an “us” versus “them.”

Everyone in the “us” category is universally good… and everyone in the “them” category is diabolically evil.

The evil ones must be utterly tortured and destroyed — with prejudice. If even one of them survives, it will all grow back again.

If this sounds like the teachings of a fundamentalist cult, you are absolutely correct.

Hitler was only one of many who put these types of thoughts into practice.

The reality is that humans are complex creatures. No one is “all good” or “all bad.”

Each person is quite capable of thinking for themselves — regardless of where they work.

Plenty of people now realize that the goals and aspirations of this cabal could literally destroy our entire planet.

We cannot simply stand back and watch it happen. Actions must be taken.


Between 70 to 75 percent of the United States military community is now aligned against the cabal as of this past week.

This is according to top Pentagon sources I am in contact with, by one degree of separation — as a result of years of building up insider contacts as a public investigator.

Critical steps have been taken to remove powerful opposing forces that were loyal to the cabal — who would have sabotaged this planetary healing process.

Many brave men and women have put their lives on the line to uphold their Oath of Enlistment — and defend our freedom.

They deserve our respect and support.

There is nothing more dangerous on Earth than to take on the ruling cabal. This also makes it a uniquely powerful act of valor.

As a result of these heroic efforts — including criminal investigations — we are now seeing a Point of No Return for the global bankers.

If you don’t grasp that yet, the wealth of excerpts you are about to read may well change your mind.


In truth, these financial institutions have been much weaker than they led us to believe for years now — since at least 2007.

They have played around with their own credit reports to convince everyone that they are still a worthwhile investment.

If they had told us the truth about how much trouble they were in, they would probably have already been exposed and defeated.

A vast international alliance has been financially choking off the Cabal for years now — knowing that their collapse is inevitable. They are still too powerful to be exposed until a collapse becomes visible to all.

Their fraud is so vast that it encompasses every single type of financial investment there is — stocks, bonds, commodities, currency, mutual funds, derivatives, mortages, loans, you name it.

All the money there is in the world — either real money or fake numbers in a computer — has been manipulated to create the largest financial fraud in recorded history… so far.

Many experts now estimate the amount of investments that are affected could be as much as 800 trillion ( ! ) dollars.










Too Big To Fail – Fed Proposal Allows Banks To Seize Your Money

From Alexander Higgins Blog

Alexander Higgins Posted by  – July 20, 2012 

The New York Fed has introduced a framework to give banks the right to suspend account withdrawals at will to defend against financial panic.

The shadow central planners have proposed new contigency plans to prevent the Great Depression style bank runs that are hitting Europe from spreading to America.

Their solution is the creation of a framework that consists of “capital controls” which allow financial institutions that find themselves in hot water to limit or outright suspend customer account withdrawals.

Our beloved regulators seem not to care the slightest that these institutions put themselves in hot water in the first place by taking up certain financial positions that put their customers’ money and the global financial system at risk.

Instead the message is clear – Our banks are too big to fail and if they need to seize their customers deposits to prevent them from failing then we must allow it.

From The Daily Sheeple:

Sorry, Your Money Is Now Frozen. Bank Runs Have Become Illegal.

As the financial crisis takes its toll and any number of events threaten to completely collapse an already fragile global banking system, the Federal Reserve has stepped in with a stop-gap measure to prevent liquidity from being drained out of money market funds in the event of a panic.

What this means is that at exactly the moment when Americans need money, in the midst of a massive financial panic, access to funds will be limited or altogether restricted.

Basically, according to the Fed, the minimum balance would make the financial system more fair, reduce systemic risk and protect smaller investors who can be left with losses if larger investors in their fund withdraw cash first.

The proposal would require a “small fraction” of each fund investor’s recent balances to be segregated into a sinking fund to absorb losses if the fund is liquidated.

 Subsequently redemptions of these minimum balances at risk would be delayed for 30 days, “creating a disincentive to redeem if the fund is likely to have losses.”

In other words: socialized losses. Where have we seen this before?

But the real definition of what the Fed is suggesting is: capital controls.

Once this proposal is implemented, the Fed, or some other regulator, will effectively have full control over how much money market cash is withdrawable from the system at any given moment.

At $2.7 trillion in total, one can see why the Fed is suddenly concerned about this critical liquidity and capital buffer.

A key proposal in the overhaul of money market regulation suggests that money market fund managers will have the option to suspend redemptions to allow for the orderly liquidation of fund assets.

You read that right: this does not refer to the charter of procyclical, leveraged, risk-ridden, transsexual (allegedly) portfolio manager-infested hedge funds like SAC, Citadel, Glenview or even Bridgewater (which in light of ADIA’s latest batch of problems, may well be wishing this was in fact the case), but the heart of heretofore assumed safest and most liquid of investment options: Money Market funds, which account for nearly 40% of all investment company assets.

The next time there is a market crash, and you try to withdraw what you thought was “absolutely” safe money, a back office person will get back to you saying, Sorry – your money is now frozen. Bank runs have become illegal.

Via: Zero Hedge

Even though there could never possibly be 1929 style market panic or bank runs like we’ve seen throughout history, we strongly recommend considering the acquisition and stockpiling of alternative trade instruments.

Source: The Daily Sheeple

From Zero Hedge here is the full article:

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied – The Sequel

Two years ago, in January 2010, Zero Hedge wrote “This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied” which became one of our most read stories of the year.

The reason?

Perhaps something to do with an implicit attempt at capital controls by the government on one of the primary forms of cash aggregation available: $2.7 trillion in US money market funds.

The proximal catalyst back then were new proposed regulations seeking to pull one of these three core pillars (these being no volatilityinstantaneous liquidity, and redeemability) from the foundation of the entire money market industry, by changing the primary assumptions of the key Money Market Rule 2a-7.

A key proposal would give money market fund managers the option to suspend redemptions to allow for the orderly liquidation of fund assets.

In other words: an attempt to prevent money market runs (the same thing that crushed Lehman when the Reserve Fund broke the buck).

This idea, which previously had been implicitly backed by the all important Group of 30 which is basically the shadow central planners of the world (don’t believe us? check out the roster of current members), did not get too far, and was quickly forgotten.

Until today, when the New York Fed decided to bring it back from the dead by publishing The Minimum Balance At Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market FUnds“.

Now it is well known that any attempt to prevent a bank runs achieves nothing but merely accelerating just that (as Europe recently learned).

But this coming from central planners – who never can accurately predict a rational response – is not surprising.

 What is surprising is that this proposal is reincarnated now.

The question becomes: why now?

What does the Fed know about market liquidity conditions that it does not want to share, and more importantly, is the Fed seeing a rapid deterioration in liquidity conditions in the future, that may and/or will prompt retail investors to pull their money in another Lehman-like bank run repeat?

Here is how the Fed frames the problem in the abstract:

This paper introduces a proposal for money market fund (MMF) reform that could mitigate systemic risks arising from these funds by protecting shareholders, such as retail investors, who do not redeem quickly from distressed funds.

Our proposal would require that a small fraction of each MMF investor’s recent balances, called the “minimum balance at risk” (MBR), be demarcated to absorb losses if the fund is liquidated.

Most regular transactions in the fund would be unaffected, but redemptions of the MBR would be delayed for thirty days.

A key feature of the proposal is that large redemptions would subordinate a portion of an investor’s MBR, creating a disincentive to redeem if the fund is likely to have losses.

In normal times, when the risk of MMF losses is remote, subordination would have little effect on incentives.

We use empirical evidence, including new data on MMF losses from the U.S. Treasury and the Securities and Exchange Commission, to calibrate an MBR rule that would reduce the vulnerability of MMFs to runs and protect investors who do not redeem quickly in crises.

And further:

This paper proposes another approach to mitigating the vulnerability of MMFs to runs by introducing a “minimum balance at risk” (MBR) that could provide a disincentive to run from a troubled money fund.

The MBR would be a small fraction (for example, 5 percent) of each shareholder’s recent balances that could be redeemed only with a delay.

The delay would ensure that redeeming investors remain partially invested in the fund long enough (we suggest 30 days) to share in any imminent portfolio losses or costs of their redemptions.

However, as long as an investor’s balance exceeds her MBR, the rule would have no effect on her transactions, and no portion of any redemption would be delayed if her remaining shares exceed her minimum balance.

The motivation for an MBR is to diminish the benefits of redeeming MMF shares quickly when a fund is in trouble and to reduce the potential costs that others’ redemptions impose on non?redeeming shareholders.

Thus, the MBR would be an effective deterrent to runs because, in the event that an MMF breaks the buck (and only in such an event), the MBR would ensure a fairer allocation of losses among investors.

Importantly, an MBR rule also could be structured to create a disincentive for shareholders to redeem shares in a troubled MMF, and we show that such a disincentive is necessary for an MBR rule to be effective in slowing or stopping runs.

In particular, we suggest a rule that would subordinate a portion of a redeeming shareholders’ MBR, so that the redeemer’s MBR absorbs losses before those of non?redeemers.

Because the risk of losses in an MMF is usually remote, such a mechanism would have very little impact on redemption incentives in normal circumstances.

However, if losses became more likely, the expected cost of redemptions would increase. Investors would still have the option to redeem, but they would face a choice between redeeming to preserve liquidity and staying in the fund to protect principal.

Creating a disincentive for redemptions when a fund is under strain is critical in protecting MMFs from runs, since shareholders otherwise face powerful incentives to redeem in order to simultaneously preserve liquidity and avoid losses.

Basically, according to the Fed, the minimum balance would make the financial system more fair, reduce systemic risk and protect smaller investors who can be left with losses if larger investors in their fund withdraw cash first.

The proposal would require a “small fraction” of each fund investor’s recent balances to be segregated into a sinking fund to absorb losses if the fund is liquidated. 

Subsequently redemptions of these minimum balances at risk would be delayed for 30 days, “creating a disincentive to redeem if the fund is likely to have losses.”

In other words: socialized losses. Where have we seen this before?

But the real definition of what the Fed is suggesting is: capital controls.

Once this proposal is implemented, the Fed, or some other regulator, will effectively have full control over how much money market cash is withdrawable from the system at any given moment.

At $2.7 trillion in total, one can see why the Fed is suddenly concerned about this critical liquidity and capital buffer.

The problem is that just as we said over two years ago, a brute force attempt to preserve a liquidity buffer is guaranteed to fail, as MMF participants will simply quietly pull their money out at the convenience when they can, not when they have to.

Europe had to learn this the hard way – only after Draghi cut the deposit rates to 0% did virtually every European money market fund become irrelevant overnight, resulting in a massive pull of cash from the MMF industry.

However, instead of going into equities as the Group of 30 and other central planners had hoped, the hundreds of billions of euros merely shifted into already negative nominal rate fixed income instruments.

And who can blame them: money market capital does not seek return on capital but return of capital, to borrow Bill Gross’ favorite line.

Another clue as to why the Fed is once again suddenly interested in money markets comes from an article we wrote back in September 2009: “Rumored Source Of Reverse Repo Liquidity: Not Bank Reserves But Money Market Funds” in which we said that, “the Chairman is rumored to be considering money market funds as a liquidity source.

Reuters points out that the Fed would thus have recourse to around $4-500 billion, and maybe more, of the $3.5 trillion sloshing in “money on the sidelines”, roughly the same amount as MMs had just before the Lehman implosion.”

In a nutshell, money market funds (much more on this below), have always been one of the most hated liquidity intermediaries by the central planners: they don’t go into stocks, they don’t go into bonds, they just sit there, collecting no interest, but more importantly, are inert, and can not be incorporated into the rehypothecation architecture of shadow banking.

And perhaps that is precisely why the Fed is pulling the scab off an old sore. Recall that for the past year, our primary contention has been that the core reason for all developed world problems is the gradual disappearance of good collateral and money good assets.

Even if the MMF cash were to shift, preemptively, into bonds, or any other “safe” investments, the assets backing the cash can them enter the traditional-shadow liquidity system and buy time: the only real goal at this point.

In the process, the cash itself would be “securitized” and provide at least a year or so in additional breathing room for a system that has essentially run out of good liquidity, and in Europe, out of any collateral.

Expect more and more efforts to disgorge the $2.7 triliion in money market funds as the world gets closer and closer to D-Day.

And what happens with MMF, will then progress to all other real asset classes as the government truly spreads out its capital controls wings.

* * *

For a more nuanced read through of the implications of money market redemption denials, we suggest rereading our analysis of precisely this topic from January 2010.

Just keep in mind: in the interim we have had two and a half years of ZIRP and NIRP based asset depletion, which means that the marginal requirement to get MMF cash “back” into the system is now higher than ever.

This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied

When Henry Paulson publishes his long-awaited memoirs, the one section that will be of most interest to readers, will be the former Goldmanite and Secretary of the Treasury’s recollection of what, in his opinion, was the most unpredictable and dire consequence of letting Lehman fail (letting his former employer become the number one undisputed Fixed Income trading entity in the world was quite predictable… plus we doubt it will be a major topic of discussion in Hank’s book).

We would venture to guess that the Reserve money market fund breaking the buck will be at the very top of the list, as the ensuing “run on the electronic bank” was precisely the 21st century equivalent of what happened to banks in physical form, during the early days of the Geat Depression.

Had the lack of confidence in the system persisted for a few more hours, the entire financial world would have likely collapsed, as was so vividly recalled by Rep. Paul Kanjorski, once a barrage of electronic cash withdrawal requests depleted this primary spoke of the entire shadow economy.

Ironically, money market funds are supposed to be the stalwart of safety and security among the plethora of global investment alternatives: one need only to look at their returns to see what the presumed composition of their investments is.

A case in point, Fidelity’s $137 billion Cash Reserves fund has a return of 0.61% YTD, truly nothing to write home about, and a return that would have been easily beaten putting one’s money in Treasury Bonds.

This is not surprising, as the primary purpose of money markets is to provide virtually instantaneous access to a portfolio of practically risk-free investment alternatives: a typical investor in a money market seeks minute investment risk, no volatility, and instantaneous liquidity, or redeemability.

These are the three pillars upon which the entire $3.3 trillion money market industry is based.

Yet new regulations proposed by the administration, and specifically by the ever-incompetent Securities and Exchange Commission, seek to pull one of these three core pillars from the foundation of the entire money market industry, by changing the primary assumptions of the key Money Market Rule 2a-7.

A key proposal in the overhaul of money market regulation suggests that money market fund managers will have the option to suspend redemptions to allow for the orderly liquidation of fund assets.

You read that right: this does not refer to the charter of procyclical, leveraged, risk-ridden, transsexual (allegedly) portfolio manager-infested hedge funds like SAC, Citadel, Glenview or even Bridgewater (which in light of ADIA’s latest batch of problems, may well be wishing this was in fact the case), but the heart of heretofore assumed safest and most liquid of investment options: Money Market funds, which account for nearly 40% of all investment company assets.

The next time there is a market crash, and you try to withdraw what you thought was “absolutely” safe money, a back office person will get back to you saying, Sorry – your money is now frozen. Bank runs have become illegal.

This is precisely the regulation now proposed by the administration.

In essence, the entire US capital market is now a hedge fund, where even presumably the safest investment tranche can be locked out from within your control when the ubiquitous “extraordinary circumstances” arise.

The second the game of constant offer-lifting ends, and money markets are exposed for the ponzi investment proxies they are, courtesy of their massive holdings of Treasury Bills, Reverse Repos, Commercial Paper, Agency Paper, CD, finance company MTNs and, of course, other money markets, and you decide to take your money out, well – sorry, you are out of luck.

It’s the law.

A brief primer on money markets

A very succinct explanation of what money markets are was provided by none other than SEC’s Luis Aguilar on June 24, 2009, when he was presenting the case for making even the possibility of money market runs a thing of the past.

To wit:

Money market funds were founded nearly 40 years ago.

And, as is well known, one of the hallmarks of money market funds is their ability to maintain a stable net asset value — typically at a dollar per share.

 In the time they have been around, money market funds have grown enormously — from $180 billion in 1983 (when Rule 2a-7 was first adopted), to $1.4 trillion at the end of 1998, to approximately $3.8 trillion at the end of 2008, just ten years later. 

The Release in front of us sets forth a number of informative statistics but a few that are of particular interest are the following: today, money market funds account for approximately 39% of all investment company assets; about 80% of all U.S. companies use money market funds in managing their cash balances; and about 20% of the cash balances of all U.S. households are held in money market funds. 

Clearly, money market funds have become part of the fabric by which families, and companies manage their
financial affairs.

When the Reserve fund broke the buck, and it seemed like an all-out rout of money markets was inevitable, the result would have been a virtual elimination of capital access by everyone: from households to companies.

This reverberated for months, as the also presumably extremely safe Commercial Paper market was the next to freeze up, side by side with all traditional forms of credit.

Only after the Fed stepped in an guaranteed money markets, and turned on the liquidity stabilization first, then quantitative easing spigot second, did things go back to some sort of new normal.

However, it is only a matter of time before the patchwork of band aids holding the dam together is once again exposed, and a new, stronger and, well, “improved” run on the electronic bank materializes.

It is precisely this contingency that the SEC and the administration are preparing for by “empowering money market fund boards of directors to suspend redemptions in extraordinary circumstances to protect the interests of fund shareholders.”

A little more on money markets:

Money market funds seek to limit exposure to losses due to credit, market, and liquidity risks.

Money market funds, in the United States, are regulated by the Securities and Exchange Commission’s (SEC) Investment Company Act of 1940. Rule 2a-7 of the act restricts investments in money market funds by quality, maturity and diversity.

Under this act, a money fund mainly buys the highest rated debt, which matures in under 13 months.

The portfolio must maintain a weighted average maturity (WAM) of 90 days or less and not invest more than 5% in any one issuer, except for government securities and repurchase agreements.

Ironically, the proposed change to Rule 2a-7 seeks to make dramatic changes to the composition of MMs: from 90 days, the WAM would get shortened to 60 days.

And this is occurring at a time when the government is desperately seeking to find ways of extending maturities and durations of short-term debt instruments: by reverse rolling the $3.2 trillion industry, the impetus will be precisely the reverse of what should be happening, as more ultra-short maturity instruments are horded up, leaving a dead zone in the 60-90 day maturity window.

Some other proposed changes to 2a-7 include “prohibiting the funds from investing in Second Tier securities, as defined in Rule 2a-7.

Eligible securities would be redefined as securities receiving only the highest, rather than the highest two, short-term debt ratings from a requisite nationally recognized securities rating  organization.

Further, money market funds would be permitted to acquire long-term unrated securities only if they have received long-term ratings in the highest two, rather than the highest three, ratings categories.”

In other words, let’s make them so safe, that when the time comes, nobody will have access to them. Brilliant.

The utility of money market funds has long been questioned by such systemically-embedded financial luminaries as Paul Volcker (more on this in a minute).

After all, what are money markets if merely an easy, and 401(k)-eligible option to not invest in equity or bonds, but in “paper” which is cash in all but name (maybe not so much after the proposed Rule change passes).

And as money markets account for a huge portion of the $11 trillion of mutual fund assets as of November (per ICI, whose opinion, incidentally, was instrumental in shaping future money market policy), $3.3 trillion to be precise, and second only to stock funds at $4.8 trillion, one can see why an administration, hell bent on recreating a stock-price bubble, would do all it can to make money markets extremely unattractive.

In fact, the current administration has been on a roll on this regard:

i) keeping money market rates at record lows,

ii) removing money market fund guarantees and

iii) and even allowing reverse repos to use money markets as sources of liquidity (because we all know that the collateral behind the banks shadow banking arrangement with the Fed are literally crap; as we have noted before, we will continue claiming this until the Fed disproves us by opening up their books for full inspection. 

Until then, yes, the Fed has lent out hundreds of billions against bankrupt company equity, as we have pointed out in the past)

Money Markets are the easiest recourse that idiotic class of Americans known as “savers” has to give the big bank oligarchs, the Fed and the bubble-inflating Administration the middle finger.

As you will recall, recently AriannaHuffington has been soliciting all Americans do just that: to move their money out of the tentacles of the TBTFs.

In essence, the money market optionality is precisely the equivalent of moving physical money from TBTFs to community banks in the “shadow economy.”

Because where there is $3.3 trillion out of $11, there could easily be $11 trillion out of $11, which would destroy the whole concept of Fed-spearheaded asset-price inflation, and would destroy overnight the TBTFs, as equities would once again find their fair value.

It is no surprise then, that the current financial system, and its political cronies loathe the concept of Money Markets, and have done all they could to make them as unattractive as possible.

Below is a chart of the Net Assets held by all US money market funds and the number of money market mutual funds since January 2008:

Obviously, attempts to push capital out of MMs have succeeded: after peaking at $3.9 trillion, currently money markets hold a two year low of $3.27 trillion.

Furthermore, the number of actual money market fund operations has been substantially hit: from 2,078 in the days after the Lehman implosion, this is now down to 1,828, a 12% reduction.

At this rate soon there won’t be all that many money market funds to chose from.

While the AUM reduction is explicable through the previously mentioned three factors, the actual reduction in number of funds is on the surface not quite a straightforward, and will likely be the topic a future Zero Hedge post.

Although, the impetus of managing money when one can return at most 0.6% annually, and charge fees on this “return” may be missing – the answer may be far simpler than we think.

Why run a money market, when the Fed will be happy to issue you a bank charter, and you can collect much more, risk free, courtesy of the vertical yield curve.

Yet what is strange is that even with all the adverse consequences of holding cash in Money Markets, the total AUM of this “safest” investment option is still substantial, at nearly $3.3 trillion as of December 30, a big decline yes, but a decline that should have been much greater considering even the president since March 3 has been beckoning his daily viewership to invest in cheap stocks courtesy of low “profit and earning ratios(that, and the specter of President’s Working Group on Financial Markets).

Could this action, whereby investors will no longer have access to money that historically has been sacrosanct and reachable and disposable on a moment’s notice, be the last nail in the coffin of money markets?

We believe so, however, we are not sure if it will attain the desired effect.

With an aging baby boomer population, which would rather burn their money than invest in the stock market again and relive the roller-coaster days of late 2008 and early 2009, the plan may well backfire, and result in even more money leaving the shadow system and entering such tangible objects as deposit accounts (at community banks, of course), mattresses and socks. And speaking of the President’s Working Group…

The Group of Thirty

When discussing the shadow economy, it is only fitting to discuss the shadow decision-makers.

In this regard, the Group of 30, is to the traditional economic decision-making process as the President’s Working Group is to capital markets. Taken from the website, the self-description reads innocently enough:

The Group of Thirty, established in 1978, is a private, nonprofit, international body composed of very senior representatives of the private and public sectors and academia.

It aims to deepen understanding of international economic and financial issues, to explore the international repercussions of decisions taken in the public and private sectors, and to examine the choices available to market practitioners and policymakers.

The Group’s members meet in plenary sessions twice a year with select guests to discuss important economic, financial and policy developments.

They reach out to a wider audience in seminars and symposia.  Of most importance to our membership and supporters is the annual International Banking Seminar.

Sounds like any old D.C.-based think tank… until one looks at the roster of members:

  • Paul A. VolckerChairman of the Board of Trustees, Group of Thirty, Former Chairman, Board of Governors of the Federal Reserve System

  • Jacob A. FrenkelChairman, Group of Thirty, Vice Chairman, American International Group, Former Governor, Bank of Israel

  • Jean-Claude TrichetPresident, European Central Bank, Former Governor, Banque de France

  • ZhouXiaochuanGovernor, People’s Bank of China, Former President, China Construction Bank, Former Asst. Minister of Foreign Trade

  • YutakaYamaguchiFormer Deputy Governor, Bank of Japan, Former Chairman, Euro Currency Standing Commission

  • William McDonough, Vice Chairman and Special Advisor to the Chairman, Merrill Lynch, Former Chairman, Public Company Accounting Oversight Board, Former President, Federal Reserve Bank of New York

  • Richard A. DebsAdvisory Director, Morgan Stanley, Former President, Morgan Stanley International, Former COO, Federal Reserve Bank of New York

  • Abdulatif Al-HamadChairman, Arab Fund for Economic and Social Development, Former Minister of Finance and Minister of Planning, Kuwait

  • William R. RhodesSenior Vice Chairman, Citigroup, Chairman, President and CEO, Citicorp and Citibank

  • Ernest SternPartner and Senior Advisor, The Rohatyn Group, Former Managing Director, JPMorgan Chase, Former Managing Director, World Bank

  • Jaime CaruanaFinancial Counsellor, International Monetary Fund, Former Governor, Banco de España, Former Chairman, Basel Committee on Banking Supervision

  • E. Gerald CorriganManaging Director, Goldman Sachs Group, Inc., Former President, Federal Reserve Bank of New York

  • Andrew D. CrockettPresident, JPMorgan Chase International, Former General Manager, Bank for International Settlements

  • Guillermo de la Dehesa RomeroDirector and Member of the Executive Committee, GrupoSantander, Former Deputy Managing Director, Banco de España, Former Secretary of State, Ministry of Economy and Finance, Spain

  • Mario DraghiGovernor, Banca d’Italia, Chairman, Financial Stability Forum, Member of the Governing and General Councils, European Central Bank,Former Vice Chairman and Managing Director, Goldman Sachs International

  • Martin FeldsteinProfessor of Economics, Harvard University, President Emeritus, National Bureau of Economic Research, Former Chairman, Council of Economic Advisers

  • Roger W. Ferguson, Jr., Chief Executive, TIAA-CREF, Former Chairman, Swiss Re America Holding Corporation, Former Vice Chairman, Board of Governors of the Federal Reserve System

  • Stanley FischerGovernor, Bank of Israel, Former First Managing Director, International Monetary Fund

  • Philipp HildebrandVice Chairman of the Governing Board, Swiss National Bank, Former Partner, Moore Capital Management

  • Paul KrugmanProfessor of Economics, Woodrow Wilson School, Princeton University, Former Member, Council of Economic Advisors

  • Kenneth RogoffThomas D. Cabot Professor of Public Policy and Economics, Harvard University, Former Chief Economist and Director of Research, IMF

and, of course:

  • Timothy F. GeithnerPresident and Chief Executive Officer, Federal Reserve Bank of New York, Former U.S. Undersecretary of Treasury for International Affairs

  • Lawrence SummersCharles W. Eliot University Professor, Harvard University, Former President, Harvard University, Former U.S. Secretary of the Treasury

and many more.

Given the choice of being a fly on the wall at a G7 meeting or that of the “Group of 30″, we would be very curious to see who would pick the former over the latter.

These are the people, whose “reports” and group think determines the financial fate of the world: their vested interest in perpetuating the status quo is second to none.

Which is why we read with great interest a recent paper from the Group of 30: Financial Reform, A Framework for Financial Stability, released on January 15, 2009, deep in the heart of the crisis.

While the paper has enough insight for many, non-related posts (we are already working on several), we will focus on the policy recommendations presented for money market funds.

Money Market Mutual Funds and Supervision

Recommendation 3:

a. Money market mutual funds wishing to continue to offer bank-like services, such as transaction account services, withdrawals on demand at par, and assurances of maintaining a stable net asset value (NAV) at parshould be required to reorganize as special-purpose banks, with appropriate prudential regulation and supervision, government insurance, and access to central bank lender-of-last-resort facilities.

b. Those institutions remaining as money market mutual funds should only offer a conservative investment option with modest upside potential at relatively low risk. 

The vehicles should be clearly differentiated from federally insured instruments offered by banks, such as money market deposit funds, with no explicit or implicit assurances to investors that funds can be withdrawn on demand at a stable NAV. 

Money market mutual funds should not be permitted to use amortized cost pricing, with the implication that they carry a fluctuating NAV rather than one that is pegged at US$1.00 per share.

The phrasing ofwith no explicit or implicit assurances to investors that funds can be withdrawn on demand at a stable NAV should be sufficient to whiten the hairs of every proponent of money markets as a “safe” investment alternative.

Yet what the SEC has done, is to take the Group of 30 recommendation, and take it to the next level: not only will funds not have explicit assurance of any kind vis-a-vis funding, but in fact, the redemption of said funds would be legally barred upon “extraordinary circumstances.”

Rule 22e-3

From the SEC:

Proposed rule 22e–3(a) would permit a money market fund to suspend redemptions if:

 (i) The fund’s current price per share, calculated pursuant to rule 2a–7(c), is less than the fund’s stable net asset value per share;

(ii) its board of directors, including a majority of directors who are not interested  persons, approves the liquidation of the fund; and

(iii) the fund, prior to suspending redemptions, notifies the Commission of its decision to liquidate and suspend redemptions, by electronic mail directed to the attention of our Director of the Division of Investment Management or the Director’s designee. 

These proposed conditions are intended to ensure that any suspension of redemptions will be consistent with the underlying policies of section 22(e)

We understand that suspending redemptions may impose hardships on investors who rely on their ability to redeem shares. 

Accordingly, our proposal is limited to permitting suspension of this statutory protection only in extraordinary circumstances. 

Thus, the proposed conditions, which are similar to those of the temporary rule, are designed to limit the availability of the rule to circumstances that present a significant risk of a run on the fund. 

Moreover, the exemption would require action of the fund board (including the independent directors), which would be acting in its capacity as a fiduciary.

The proposed rule contains an additional provision that would permit us to take steps to protect investors.

Specifically, the proposed rule would permit us to rescind or modify the relief provided by the rule (and thus require the fund to resume honoring redemptions) if, for example, a liquidating fund has not devised, or is not properly executing, a plan of liquidation that protects fund shareholders.

Under this provision, the Commission may modify the relief ‘‘after appropriate notice and opportunity for hearing,’’ in accordance with section 40 of the Act.

Lots of keywords there: “fiduciary”, “impose hardships” but most notably “permit us to take steps to protect investors.”

Uh, SEC, no thanks. We can protect ourselves.

Your protection so far has resulted in the Madoff scandal, the BofA fiasco, billions in insider trading profits and not one guilty person, who did not manage to escape unscathed with merely a wrist slap in the form of some pathetic fine.

With all due respect, SEC, any proposal that involves you acting to “protect” us should be immediately banned and any further discussion ended.

Especially in this case: what the SEC is proposing is simple – the entire market structure has been converted to a hedge fund.

When investors hear the word “suspend redemptions” they envisioned a battered, pro-cyclical, leveraged, permabullish hedge fund, that suddenly “found itself” down 30, 40, 50 or more percent, and to avoid instantaneous liquidation, had to bar redemptions.

Forgive us, but is the SEC confirming that the entire market is now one big casino, one big government subsidized hedge fund, where as long as things go up, all is good, but the second things take a leg down, just like any ponzi, nobody will be allowed to pull their money?

Maybe Madoff should have created the same redemption suspension: his fund would still be alive and thriving, now that the government has become the biggest ponzi conductor of all time.

And nobody would have been the wiser.

But instead, the Securities and Exchange Commission, in discussions with the Group of 30, Barney Frank, and any other conflicted individuals who only care about protecting their own money for one more year, has decided, in its infinite wisdom, to make money markets a complete scam.

And this is the gist of regulatory reform in America.


At this point it is without doubt that even the government understands that when things turn sour, and they will, the run on the bank will be unavoidable: their solution – prevent money from being dispensed, when that moment comes.

The thing about crises, be they liquidity, solvency, or plain-vanilla, is that “price discovery” occurs all at once, and at the very same time.

And all too often, investors “discover” they were lied to, as the emperor, in any fiat system, always has no clothes.

Just like in September 2008, when the banks were forced to look at each-others’ balance sheet and realize that there are no real assets on the left backing up the liabilities on the right, so the moment of enlightenment occurs are the most importune time: just ask Hank Paulson.

Had he known his action of beefing up Goldman’s FICC trading axes would have resulted in the “Ice-Nine’ing” (to borrow a Mark Pittman term) of money markets, who knows- maybe Lehman would have still been alive.

Perhaps risking the cash access of 20% of US households and 80% of companies was not worth the few extra zeroes in Goldman’s EPS.

But we will never know.

What we will know, is that now

i) the government is all too aware that the market has become one huge ponzi, and that all investment vehicles, even the safest ones, are subject to bank runs, and

ii) that said bank runs, will occur. It is only a matter of time. And just as the president told everyone directly to buy the market on March 3, so the SEC, the Group of 30, and Barney Frank are telling us all, much less directly, to get the hell out of Dodge.

Alternatively, the game of “last fool in”, holding the burning hot potato, can continue indefinitely, until such time as the marginal utility of each and every dollar printed by Ben Bernanke is zero.

Source:Zero Hedge








2nd Amendment Under Attack: Rise of the Gun Ban


{XANIEL’S NOTE :  Unsurprising,  the White House has all the Media Whores and the Political ‘Kiss Ass ‘ Minions rushing forward to spin this tragedy into a justification for Obama and Clinton to sign off on the U.N. ‘grab our guns ‘ campaign.

 (What perfect timing)

And what’s worse,

(although it is possible this guy really is bananas and did this just because he’s crazy,

which in turn handed the Government an opportunity at just the right moment it needed one),

however, I still can not escape the feeling that this has all the smell of a planned Black Ops,

carried out by either the F.B.I., C.I.A., or maybe even the Mossad.

And why do I feel that way, you ask ? Maybe this will give you an idea,

‘ Victor Ostrovsky, a former Mossad agent, says its, (Mossad’s), motto is “By way of deception, thou shalt do war”.’

Read all about that here…

Where they found this unstable individual and helped nurture him right over the edge,

by most likely drugging, brainwashing and then tainting his mind with psycho babble like,

 ” Your the ‘ JOKER ‘ and  you must kill off  ‘ BATMANS’s ‘ friends who are plotting against you and,

who will just happen to be standing around at this certain theater at this such and such time !”

Sounds far-fetched doesn’t it! But, you forget the Underwear Bomber and the Shoe Bomber,

both were to stupid to wipe their own butts without instruction,

which made them perfect for the job of scapegoat puppets baited into the so-called terrorist, (by way of deception), activities.

Both, doing things that neither could have thought up or carried out,

were it not for a little push by Western Black Ops Agents with an agenda.

But my feelings go even deeper, this may not be the last of such tragic shoots.

As to make sure the point gets across to all Americans,

the White House will need an overwhelming amount of these events to get U.S. citizens on board with their illegal and unconstitutional U.N. Gun Grab.

It would not be the first time Governments have killed their own people to push a political agenda.

I’m sure I’m not telling you anything new.

How can I be sure that is what is happening? I can’t!

But keep your eye’s open for a major jump in these style killings that will be the tale,tale sign that it’s all poliltical.

The second sign will be all they Media Whore’s and Kiss Ass minions spinning it all like crazy!


“By way of deception, thou shalt do war…even if it means killing our own to make the deception work !!”}~~~Xaniel777


 Death-Obsessed Culture, Not Gun Rights, To Blame For ‘Batman’ Shooting

From 12160.info

 Political opportunists seize upon tragedy to attack second amendment

Paul Joseph Watson
Friday, July 20, 2012

Within hours of the tragic ‘Batman’ shooting in Aurora, Colorado, political opportunists have seized upon the incident to push for gun control, with New York Mayor Michael Bloomberg demanding that both Mitt Romney and Barack Obama “stand up and tell us what they’re going to do about” mass shootings.

Exactly as we predicted in our earlier article, leftists have wasted no time in exploiting the actions of a lone lunatic for political grist, withBloomberg calling on the two presidential candidates to crack down on gun rights.

We knew ghouls like Bloomberg would rush to exploit this tragedy to try and crush the right to self defense.

Quite how either Romney or Obama have the power to reverse a Hollywood-inspired culture that serves up lashings of violence to young people like turkey at Thanksgiving is anyone’s guess.

In addition, the notion that either of the presidential candidates can put a halt to a juggernaut pharmaceutical industry that doles out violence-causing SSRI drugs to youngsters like penny candy is clearly asinine.

“I mean, there’s so many murders with guns every day,” said Bloomberg. “It’s just gotta stop. And instead of these two people, President [Barack] Obama and Governor [Mitt] Romney talking in broad things about, they want to make the world a better place.

OK. Tell us how. And this is a problem. No matter where you stand on the Second Amendment, no matter where you stand on guns, we have a right to hear from both of them, concretely, not just in generalities, specifically, what are they going to do about guns?”

 Bloomberg told WOR News Talk Radio 710. 

Bloomberg was followed in his idiocy by CNN host and all-round smarm-merchant Piers Morgan, who in a series of tweets hastily seized upon the tragedy to promote his lust for disarming the general public.

“America has got to do something about its gun laws. Now is the time,” said Morgan.

“Lunatics like this will always try and get guns. It should be 100,000 times harder than it is for them to do so. That’s my point,” he added.

Perhaps the more fundamental question that needs to be asked as to why America keeps experiencing mass shootings, when as recently as twenty years ago they were few and far between, is to what extent our sick culture and entertainment industry is contributing to the general malaise and unfeeling psychosis that seems to have gripped the younger generations?

Why were there so few mass shootings just two decades ago compared to now?

Has the number and availability of guns increased substantially?

No. Is the sewer pipe we call Hollywood and the entertainment industry pumping out sicker, more nihilistic and more violence-strewn films than ever before?


As numerous observers have noted, the recent Batman films have contained unnerving amounts of violence that seem to serve little purpose other than to appease a bloodthirsty craving for gore and brutality amongst young people, who have had such sickness foisted upon them through movies, entertainment, video games and popular music.

As Jenny McCartney notes in the Telegraph, we have been turned into a society seduced by sadism.

This sadism is also more accessible to children and young people than ever before.

Many people today are asking what a 6-year-old child was doing at a midnight screening of a movie?

In addition, the fact that these kind of movies are able to generate such a level of suspended disbelief that victims thought the shooting was initially part of the movie, is a shocking example of how much power the big screen has to warp minds.

It’s also now come to light that Warner Bros paired the Batman movie with a trailer for a film which shows “a gangster with a machine gun shooting up people in a movie theater from behind the big screen.”

Once again, before we even know anything about the 24-year-old shooter James Holmes, the establishment media and leftist political operatives are rushing to denounce gun rights as the culprit behind the tragedy, once again failing to address the underlying root cause – a sadistic, death obsessed culture that allows young men to be drawn into bizarre fantasy worlds where violence is seen as an alluring adventure.

Dark Knight Massacre To Pass UN Gun Ban?


Second Amendment Foe Bloomberg Exploits Colorado Shooting

Kurt Nimmo
July 20, 2012

New York mayor and notorious gun-grabber Michael Bloomberg has exploited the shooting at a Colorado theater to demand that Obama and Romney “stand up and tell us what they’re going to do about” the criminal behavior of psychopaths.

Mayor Bloomberg Discusses Shooting in Aurora, Colorado

According to Bloomberg, the world would be a better place if the government confiscated legally owned firearms and had a monopoly on violence.

“Soothing words are nice,” Bloomberg told WOR News Talk Radio 710 in New York City. “But maybe it’s time the two people who want to be president of the United States stand up and tell us what they’re going to do about it, because this is obviously a problem across the country. And everybody always says, ‘Isn’t it tragic?’”

“I mean, there’s so many murders with guns every day,” he continued. “It’s just gotta stop. And instead of these two people, President [Barack] Obama and Governor [Mitt] Romney talking in broad things about, they want to make the world a better place.

OK. Tell us how. And this is a problem. No matter where you stand on the Second Amendment, no matter where you stand on guns, we have a right to hear from both of them, concretely, not just in generalities, specifically, what are they going to do about guns?”

It didn’t take long for the establishment media to connect the alleged shooter to the Tea Party and supporters of the Constitution, specifically the Second Amendment.

Brian Ross of ABC News said this morning that “a Jim Holmes of Aurora, Colorado, page on the Colorado Tea party site… talking about him joining the Tea Party last year.”


“How interesting that Ross and ABC News should think to look to the Tea Party website first – and to broadcast politically volatile information without verifying if that ‘Jim Holmes’ is the same as the suspect,” writes Joel Pollack for Breitbart. “Look for more scapegoating from the mainstream media and the Democrats in the hours and days to follow.”

Calls for the Senate to ratify the United Nations’ Arms Transfer Treaty will likely be forthcoming as hysteria builds in the corporate media to ban guns in response to the tragedy.

It is rather suspicious that the massacre in Aurora, Colorado, occurred as the globalist body is winding down its work on the treaty that is expected to be ratified by the Senate.

The gun-grabber conference wraps up on July 27.




Kelly: Colorado Movie Theater Shooting Suspect Claimed To Be Batman Nemesis ‘The Joker’

Source: Appears Suspect James Holmes, 24, Planned Colo. Attack In Advance

July 20, 2012 1:30 PM

NEW YORK (CBSNewYork/AP)  New York Police Commissioner Ray Kelly said the gunman suspected of attacking a crowded movie theater in Aurora, Colorado resembled Batman’s arch-villain “The Joker” at the time of the shocking attack.

“We have some information, most of it is public.It clearly looks like a deranged individual. He had his hair painted red, he said he was ‘The Joker,’ obviously the ‘enemy’ of Batman,” Kelly said at a news conference after noon.

Kelly said the NYPD is stepping up security at movie theaters around the city after suspect James Holmes walked into a Colorado movie theater during a midnight showing of the new Batman movie “The Dark Knight Rises” and opened fire, killing 12 people and injuring dozens more.

Original Article


Something to Keep in Mind as Hysterical Gun-grabbers Attack the Sec…

Kurt Nimmo
July 20, 2012

In the hours, days and weeks ahead, we can expect a concerted attack on the right to own firearms and the Second Amendment in response to the shooting in Colorado last night.

Proponents of disarming the public will argue that restricting the right to own firearms will prevent mass murders and violence.

But here’s something they will not tell you: the chance you will be a victim of a mass shooting is atbest miniscule.

Ronald Bailey, writing for Reason.com, cites some interesting statistics on gun violence.

He takes his statistics from the Bureau of Justice Statistics:

The proportion of homicide incidents involving two victims has increased slightly from 2.7% in 1980 to 3.7% in 2008.

Homicide incidents involving three or more victims have also increased during this same period, but have remained less than 1% of all homicides each year.

Multiple victim homicides are so small as to be almost insignificant:

– 3.7% involved two victims

– 0.5% involved three victims

– 0.2% involved four victims

– 0.1% involved five or more victims.

Moreover, the homicide rate in the United States has declined sharply in recent years – from 9.3 homicides per 100,000 in 1992 to 4.8 homicides per 100,000 in 2010.

Of course, these figures mean nothing to the gun-grabbers in and out of government who exploit emotional issues for political gain.

They will not rest until the Second Amendment is in shambles and you have no way of protecting yourself not only from criminals (who will have illegal guns) but from the very tryanny of government itself.




New law allows Israeli Air Force easy opportunity for a false flag in United States 

From  LibertyFight.com

By Martin Hill 
July 20, 2012

Will the Israeli Air Force be used to carry out another false-flag attack in America?

On Tuesday night, July 17th, the U.S. Congress passed the final version of the United States-Israel Enhanced Security Cooperation Act of 2012 a bill which not only will give Israel hundreds of millions of dollars worth of ‘surplus’ military equipment, but will allow the Israeli Air Force to conduct “training and exercise opportunities in the United States”.

The bill was “Presented to President” Obama on July 19th but as of this writing has not yet been signed into law.

Israel, along with the United States, has a long documented history of “false flag operations”– deceptive attacks which are generally conducted in order to deceive the public in order to get them to support new wars.

[You can read a comprehensive list and the history of false flag attacks herehere and here. Also see ‘IRAN: US/Israeli False Flag Attack May Be Underway’.]

As Stephen Lendman wrote in his latest article Israel Likely Behind Bulgarian False Flag

“Israel’s history is odious. State terror is policy. It’s a dagger pointed at humanity’s heart. False flags and targeted assassinations are specialties.”

The U.S. government is increasingly selling the line that Iran is an imminent threat to Israel, the United States, and world peace.

In reality it is just the opposite.

The establishment is telling everyone that Iran is developing nukes to attack Israel, but the facts reveal that is not true.

Governments throughout history always lie, deceive, and conduct false-flag operations to get sincere patriotic people to support wars. The only people arrested in New York on 9/11/01 related to the attack on the twin towers, for example, were dancing Israelis:

“Police received several calls from angry New Jersey residents claiming “middle-eastern” men with a white van were videotaping the disaster with shouts of joy and mockery. (2) “They were like happy, you know; They didn’t look shocked to me” said a witness.”

In addition, an examintaion of the facts can leave no discerning person to conclude anything other than that Israel did 9/11 in conjunction with criminal elements of the United States government- not 19 arabs with boxcutters whose passports were magically found by New York police in the rubble of the eviscerated twin towers.

The Israelis have attacked the U.S. in years past also.

The savage attack on the American Navy ship USS LIBERTY is just one example.

[See also Israel’s attack on the USS Liberty – The full story].

The Lavon Affair is another:

“In 1954, Israeli agents working in Egypt planted bombs in several buildings, including a United States diplomatic facility, and left evidence behind implicating Arabs as the culprits.

The ruse would have worked, had not one of the bombs detonated prematurely, allowing the Egyptians to capture and identify one of the bombers, which in turn led to the round up of an Israeli spy ring.”


Not to mention the inordinate amount of documented Israeli spying and espionage against the United States.

On the day of the 9-11 attacks, former Israeli Prime Minister Benjamin Netanyahu was asked what the attacks would mean for US-Israeli relations.

His quick reply was: “It’s very good! Well, it’s not good, but it will generate immediate sympathy (for Israel)

Would any sane nation trust a country with such a history as Israel to “expand cooperation between the United States and Israel in homeland security, counter-terrorism, maritime security, energy, cyber-security, and other related areas”?

Would they “Offer the Air Force of Israel additional training and exercise opportunities in the United States” as the new “United States-Israel Enhanced Security Cooperation Act of 2012” allows?

Look at all these photos of our so-called elected servants grovelling to a foreign power:

Even when they’re not yet elected, these people submit to Israel:

The American people had better hold these so-called elected representatives accountable, and keep a very close eye on what the Israeli military does inside our country in the coming weeks, months and years.

And while you’re at it, research the so-called holocaust for good measure: holohoax101.

[Note: All the links in this article are listed below for easy reference.]

Martin Hill is a Catholic paleoconservative and civil rights advocate. His work has been featured on LewRockwell.com,

WhatReallyHappened, Infowars, PrisonPlanet, National Motorists Association, WorldNetDaily, The Orange County Register, KNBC4 Los Angeles, Los Angeles Catholic Lay Mission Newspaper, KFI 640, The Press Enterprise, Antiwar.com,

IamtheWitness.com, FreedomsPhoenix, Rense, BlackBoxVoting, and many others. Archives can be found at LibertyFight.com


Hello to the U.S. House of Representatives. Your official ISP was logged as visiting several pages of this website on 7/20/12 at 4:58am.

Don’t you have anything better to do than to read stories about how you betrayed America?

You disgusting traitor.

By the way- we also know, and we know that YOU know, that 9/11/01 was a false-flag attack, an inside job carried out by the U.S. and Israel.

You had better repent for your own sake. Your continued silence and cowardice is complicity. 

Host Name: b249-138.house.gov 

Browser: Firefox 12.0 

IP Address: — [Label IP Address] 

Operating System: Win7 

Location: Washington, District Of Columbia, United States 

Resolution: 1680×1050 

ISP: U.s. House Of Representatives 

Date: 20 Jul 

Time: 04:58:21 AM 

Webpage: http://libertyfight.com/2012/criminal_senate_guarantees_israel_9_billion_in_6_seconds.html







Israel Likely Behind Bulgaria False Flag


From The IntelHub

By Stephen LendmanContributor
July 20, 2012

Israel’s history is odious. State terror is policy. It’s a dagger pointed at humanity’s heart. False flags and targeted assassinations are specialties.

Mossad and Shin Bet (Israel’s Security Agency) have notorious terrorist histories. Bet on either organization’s dirty hands behind the latest Bulgaria attack.

Fingers point the wrong way. Israel blames Iran for its own crimes.

Unindicted war criminal Netanyahu said “Israel will respond forcefully to Iranian terror.”

At issue is a Bulgarian Sarafovo airport bomb attack. It’s located in Burgas.

It’s a popular Black Sea resort destination. Israeli tourists and others were killed.

On July 19, Reuters headlined “Bulgaria says suicide bomber blew up airport bus,” saying:

A bus carrying Israeli tourists and others was attacked. Eight deaths were reported. Around 30 others were injured.

According to Interior Minister Tsvetan Tsvetanov:

“We have established a person who was a suicide bomber in this attack. This person had a fake driving license from the United States.”

It wasn’t coincidental that the attack came on the anniversary of the 1994 AMIA (Argentine Israelite Mutual Association) Buenos Aires bombing. It killed 85 and injured hundreds.

Argentina has Latin America’s largest Jewish population. It numbers around 200,000. Israel falsely blamed Iran.

Its officials jumped on the latest attack. Defense Minister Ehud Barak pointed fingers the wrong way, saying:

“The immediate executors are Hezbollah people, who of course have constant Iranian sponsorship.”

A White House statement stopped short of blaming Iran and/or Hezbollah, saying:

Obama “strongly condemns today’s barbaric terrorist attack on Israelis in Bulgaria….As Israel has tragically once more been a target of terrorism, the United States reaffirms our unshakeable commitment to Israel’s security, and our deep friendship and solidarity with the Israeli people.”

Hillary Clinton issued a similar statement.

America, Israel, and key NATO partners are responsible for more global terrorism and deaths than the rest of the world combined and then some.

Mossad specializes in targeted and larger scale killings.

Car bombs are a favorite tactic. Assassinating former Lebanese Prime Minister Rafiq Hariri was classic Israeli state terror.

Compelling February 2005 visual and audio evidence revealed real time intercepted Israeli aerial surveillance footage of routes he used on the day he was killed.

Israel was clearly involved.

Syria initially was blamed.

Hezbollah was later falsely named and indicted.

It was typical Mossad targeting.

No one at the time knew for sure.

A powerful car bomb caused a 30 foot crater. Over 20 were killed and over 100 injured.

No evidence whatever proved Hezbollah’s involvement.

It had nothing to gain but plenty to lose. Israel and Washington greatly benefitted.

Mossad’s dirty hands were responsible like for many dozens of other incidents.

Israel and America perfected the art of killing. They’re also expert at pointing fingers the wrong way.

Victims often are blamed.

On July 19, Haaretz headlined “Israel has no doubt about who is behind the deadly attack in Bulgaria.”

Neither do independent observers familiar with its odious terrorist history.

Netanyahu spuriously blamed Iran. Iranian Revolutionary Guards Quds Force General Qassem Suleimani was named.

No corroborating evidence whatever was cited because there is none.

Netanyahu falsely claims Iran spreads terror worldwide.

He also blames Hezbollah.

The New York Times outrageously said if Israel’s accusation is true, “the Bulgarian blast would be the first successful attempt by Iranian operatives to kill Israelis in attacks abroad after a string of failed bomb plots targeting Israeli diplomats in Georgia, India and Thailand this year.”

Iran, of course, had nothing to do with any of them.

Blaming Tehran didn’t pass the smell test.

Last October, Iranians were falsely accused of trying to kill Saudi Arabia’s ambassador in Washington.

The charge resembled a bad film plot.

It was baseless, and officials pointing fingers the wrong way knew it.

Last February, Israel again levied false charges. India and Georgia incidents were cited.

Allegedly Israeli embassy workers in both countries were targeted.

One injury was reported.

No one was killed.

A Bangkok, Thailand incident happened around the same time.

Iranians were detained after an explosion damaged their rented house.

Despite no credible evidence, they were suspected of targeting Israeli diplomats.

Iran threatens no one. It painstakingly avoids provocations.

It has everything to lose and nothing to gain from them. Israel benefits greatly.

The above incidents and many others bore classic Mossad fingerprints. So does Bulgaria.

Israel and Washington wage covert and low-level hot war on Iran.

Tactics include computer viruses, other cyber attacks, bombings, sabotage, multiple rounds of sanctions, attempts to cripple its central bank and oil exports, targeted assassinations, satellite, drone, and other type spying, bogus accusations, a partial isolating blockade, and saber rattling stopping short of bombs away.

Both countries menace humanity.

Iran threatens no one. Its neighbors know it. It hasn’t attacked another country in over 200 years.

No evidence suggests it’s developing nuclear weapons.

Washington and Israel specialize in false flags, war, other belligerence, targeted killings, and state terror as official policy.

They’re advancing the ball for war on Syria.

They’re itching for pretexts to attack Iran.

One observer called Tehran a war looking for an excuse.

They’re easily instigated or invented.

Days before the Bulgaria incident, a Lebanese man was detained in Cyprus.

Based on Israeli intelligence allegations, police connected him to Hezbollah.

Cypriot authorities claimed “possible charges pertaining to terrorism laws.”

He was accused of having photographs of “Israeli targets,” El Al Airlines flight schedules, and tour bus information.

He was a tourist. Visitors take photos.

They also have airline schedules and use buses for sightseeing.

Relating this information to alleged terrorism doesn’t wash.

Police claimed they found “documents” linking him to a “terror cell” planning attacks on Israeli targets.

Blowing up a plane or bus was charged.

Unexplained was precisely what was found and why someone plotting these things would allegedly carry around indictable evidence.

No weapons or explosives were found. Charges don’t hold water.

Without clear corroborating evidence, there’s no plot, no crime, or intention to commit one.

Bulgaria’s bus attack was criminal. No evidence links Iran and/or Hezbollah.

It bears classic Mossad fingerprints.

Perhaps CIA operatives were also involved.

Both organizations are linked to assassinating Iranian scientists.

They stay unaccountable while Iran and Hezbollah face repeated false charges.

Expect one or more future false flags to be pretext for war.

Syria tops Washington’s queue, then Iran.

It’s just a matter of time until full-scale intervention targets both countries.


Stephen Lendman lives in Chicago and can be reached at lendmanstephen@sbcglobal.net. 

His new book is titled How Wall Street Fleeces America: Privatized Banking, Government Collusion and Class War

Also visit his blog site at sjlendman.blogspot.com and listen to cutting-edge discussions with distinguished guests on the Progressive Radio News Hour on the Progressive Radio Network Thursdays at 10AM US Central time and Saturdays and Sundays at noon.

All programs are archived for easy listening.









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