Friday, August 22, 2014


How Judges Are Destroying the World Economy

Judge Loretta A. Preska
Federal Judges will routinely rule in favor of government to the point they just lack the comprehension that their rulings are destroying the world economy. There is no qorse court than that of the Southern District of New York where judges claim the right to even alter the words spoken in count (see UNITED STATES v. ZICHETTELLO , pg 97).  Recently, U.S. District Judge Loretta A. Preska ruled from the bench on Thursday after hearing oral arguments in Manhattan.a court ruling involving Microsoft’s offshore data storage. Her ruling offers an instructive lesson on the long reach of the US government-and what you can do to mitigate this political risk – just do not use any American firm.
Preska agreed with the US government, as always, that Microsoft must turn over its customer data that it holds offshore if requested in a search warrant. Microsoft had refused because the digital content being requested physically was located on servers in Ireland. Microsoft correctly argued that “a US prosecutor cannot obtain a US warrant to search someone’s home located in another country, just as another country’s prosecutor cannot obtain a court order in her home country to conduct a search in the United States.”
The Judge Preska naturally disagreed circumventing territorial jurisdiction completely. She ruled that it’s a matter of where the“control” of that data is being exercised, not where the data is physically located. This ruling is extremely dangerous for it states that effectively any American company operating offshore has no right under any other nation’s laws to circumvent US law. Therefore, the US law applies worldwide. Anyone with have a brain will conclude DO NOT DO BUSINESS with an American firm or its subsidiary.
At the time of the Revolution, you were the property of the king. If you were English and killed someone in Paris, the French were obligated to send you back to your owner (English king) stating you did this or that. Because the US revolted against monarchy, they refused to acknowledge such a king. Hence, territorial jurisdiction was born.
Preska’s ruling means we have returned to being just the property of the state. The US will aggressively claim jurisdiction if the situation in question has even the slightest, vaguest, or most indirect connection to something the US government wants to accomplish. Worse yet, as we’ve seen with the extraterritorial FATCA law, the US is not afraid to impose its own laws upon foreign countries acting in a dictatorial manner. The two greatest exports have become US law and blue jeans.
Lately, the US prosecutors are using just the US dollar to claim jurisdiction. The US government claims that just using the US dollar gives it jurisdiction, even if there were no other connections to the US whatsoever. This pretext supported by pro-government judges is squarely destroying the use of dollars in international trade.
Recently the US government fined (i.e., extorted) over $8 billion from BNP Paribas for doing business with countries it doesn’t like. The transactions were totally legal under EU and French law, but illegal under US law. The US successfully claimed jurisdiction because the transactions were denominated in US dollars-there was no other US connection.
All that can be done now is to abandon US companies. This on top of FATCA is setting the stage for the worst economic decline in modern history.

Secrets In Plain Sight


PAUL CRAIG ROBERTS: If America has a free press, why don’t you know about the Obama regime’s atrocities in Ukraine?

If America has a free press, why don’t you know about the Obama regime’s atrocities in Ukraine?
It might not be possible for most Americans ever to understand the criminal nature of the Obama regime and the presstitute media that protects the criminal regime by keeping the American people disinformed and in the dark.
For those of you who can stomach the truth, this report on what Washington and its
stooge criminal government in Kiev are doing to the Russian populations of eastern and southern Ukraine starkly demonstrates that Washington is the seat of evil.

Ukraine Crisis: Death and destruction continues in Eastern Ukraine / Хунта убивает людей. [ENG SUB]

New Terror Narrative Emerging: ISIS Supports American Resistance

Police and military pay attention: 

If ISIS happens to suddenly announce its support for the resistance in America against a corrupt federal government, 

the American people are not your enemy.

Turning America Into a War Zone, Where ‘We the People’ Are the Enemy

Guest Column by John W. Whitehead, Rutherford Institute
Turning America Into a War Zone, Where ‘We the People’ Are the Enemy
By John W. Whitehead
August 20, 2014

Paul Craig Roberts: How Tyranny Arises

Law & Order Conservatives continue to shill for police as goon thugs continue to violate constitutional protections and abuse the public:

The Crazy Money Incentive Which Led to Ferguson


DEFLATION and yet another reason to Buy Equities

NASDAC-Y 8-22-2014
With the Sovereign Debt Crisis, Bail-Ins, Cycle of War, Global Contraction if Capital Flows & Investment, welcome the age of DEFLATION and yet another reason to BUY equities. TheNASDAQ Composite is up 50.9% from the 2007 high as of the close of July. This index still has the capability of reaching 650000 level compared to the 2000 high of 513252.The S&P500 is up only 22.49% for the same period while the Dow Jones Industrials is up 15.9%,
There is no question, where do you put your money? If you cannot trust banks, bonds are risky, cash is being eliminated, FATCA is reducing investing overseas, just ask yourself – what is left? Capital is being driven into equities and the retail public is still not in like it was, liquidity remains low, the talking heads keep saying this is bubble, and the Fed along with the Bank of England are contemplating rate hikes of quarter point changing the trend. They will recognize that Europe is caught in the Euro vortex of disintegration and will depart from their policies and pay attention to the asset booms domestically.
There will just be no place to stuff serious money BUT equities.

Bail-In v Bail-Out

The stark difference that is being marketed behind the curtain is that taxpayers should not be burdened with bailing-out banks. Depositors and bond holders should be made to pay as in any other situation. The “bail-in” v taxpayer-funded “bail-out”, is a philosophy that is sweeping the entire political system. But there is a serious problem. Those who deposit money in banks should have FULL disclosure if the bank is involved in proprietary trading even through a subsidiary. Bondholders and shareholders in banks should be aware that their capital is going to be at risk for proprietary trading in banks that ALWAYS, and without exception, blows-up in everyone’s face consistently since Philip Brothers took over Solomon Brothers..
Glass-Steagall Signing-Repeal
HILLARY-TIME-COVER-570The repeal of Glass-Steagall by President Clinton instigated by Goldman Sachs’ Robert Rubin was the worst event in post-Great Depression history. Electing Hillary Clinton will be a huge disaster for she will NEVER admit that this was even a mistake. After all, it was really Hillary who was running the White House back then – not Bill. So there is no possible way Glass-Steagall will be reversed any time soon for the Democrats will not accept responsibility for the error of their ways. Hillary will not admit such a mistake that Bill signed for she was deeply a part of that decision.
It simply looks like we will have to suffer the next great banking collapse that will make the 1930s appear like child’s play. The integration of these derivative products that are far too complex for bankers to even understand is so wide-spread, that the contagion will be devastating and cross borders rapidly. Even the absolute immunity for NY bankers they have paid for dearly will not prevent the disaster that looming on the horizon.
The bail-in contagion is spreading. Canada is adopting it. Australiais now studying the problem and it too recognizes that this will become the default posture for all other governments will move in that direction and if Australia tried to use taxpayer’s money it would be sucked up overseas.
So welcome the bail-in. It is here to stay. Just more DEFLATIONand yet another reason to buy equities.

The Second Murder by Police St Louis

This video shows a call about a man who stole a couple donuts. He stays there waiting for the police to show up. They get there are tell him to drop a knife and just kill him with multiple shots. There is no attempt to disarm him and he is not even lunging at the police. They seem to think they have the right kill people outright. This is the attitude of police in Russia and Eastern Europe where people fear the police. They seem to be adopting the same attitude in the United States. Do as they command or they have a right to kill you on the spot.
A 22-year-old man was shot and killed last week in an Ohio Wal-Mart after failing to obey police officers’ orders to put down a bb/pellet rifle he was holding that he was buying. Beavercreek police say officers followed proper protocol when they shot John Crawford III in the store. This is the entire problem. There is no law against these police for firing multiple times and just killing people. There isNEVER an attempt to simply disarm an individual. Someone holding a toy gun in a Wal-Mart just might not understand that the police are too stupid to realize it is a toy.
Police should be disarmed. If they see someone with a gun, call a special swat team. These are police qualified to hand out tickets, that is the extent of their capabilities anymore. They seriously lack good judgment.
The United States is being exposed worldwide for its out-of-control police force and the corruption in the prosecutorial branches that boast of conviction rates that are better than 98%. The presumption of innocence is just a myth. There is no such thing.

Thursday, August 21, 2014

By the Numbers: How Dangerous Is It to Be a Cop?

Paul Craig Roberts: Ferguson: No Justice in the American Police State

Turning America Into a War Zone, Where ‘We the People’ Are the Enemy



Missouri Governor Orders National Guard to Begin Withdrawing From Ferguson

BREAKING NEWSThursday, August 21, 2014 2:16 PM EDT
Missouri Governor Orders National Guard to Begin Withdrawing From Ferguson
As tensions on the streets here seemed to ease on Thursday, Gov. Jay Nixon ordered the Missouri National Guard to begin withdrawing from the city.
“I greatly appreciate the men and women of the Missouri National Guard for successfully carrying out the specific, limited mission of protecting the Unified Command Center so that law enforcement officers could focus on the important work of increasing communication within the community, restoring trust, and protecting the people and property of Ferguson,” Mr. Nixon said in a statement.
He said that order had been largely restored and that the presence of the National Guard was no longer needed.
The governor had dispatched the National Guard on Monday, after days of chaotic and often violent clashes between the police and protesters following the shooting of an unarmed black teenager on Aug. 9.


The Secret Playbook of Internet Trolls


SP500 Short-Term v Long-Term

Original Research-F
The primary reason we run our model on everything time level is to distinguish short-term moves from long-term. For those who may be relatively new, our models are highly fractal. They were originally developed on intraday trading. It was then observed that the very same patterns which appeared intraday would migrate upward through time.

Short-term we may be at a risk of a correction. However, longer-term, this is not a change in trend. It would be short-lived at best. The definition we have developed to distinguish between a bear market and a bull market is when we start to elect the Monthly Reversals. Daily Reversals are good immediately. Weekly denote a more sustained trend for a few weeks or monthly. But unless you get through the Monthly Level, you have not changed the broader trend.
GCREV-M 8-21-2014
Opinion means absolutely nothing. The numbers are the numbers and the markets will reveal the trend. That is always the key. Here is Monthly Gold. We elected the first two Monthly Bearish but not the next two. We fell and supported on the third reversal. Nevertheless, this confirmed that the 13 year bull market would make a major correction on time no matter how loud the gold promoters claimed I was wrong.
CSPREV-M 8-21-2014
Now here is the Cash S&P500. We have NOT elected a single Monthly Bearish Reversal since the low in 2009. The advantage of our model is clear – it ain’t my OPINION. The numbers are the numbers. This is not a contest to beat my chest that I am smarter than someone else. ABSOLUTELY nobody can forecast the future perfectly every day. It is just not humanly possible. So you do NOTwant to bet the house on that one forecast that might be wrong.
This is WHY we need definitive time-tested quantitative models that live and breathe with the markets. Because the majority of people will not accept that principle and will cling to their old fundamental theories like those who refused to believe the world was round rather than flat, there will always be a reservoir of people to trade against. They have to pay their dues before they can graduate to the next level.

SP500 Still on Track to Test 3000 Level

CSP500-M 8-21-2014
We still see the US share market rising sharply. The cash SP500 should reach the 3000 level. We have an important Monthly Bullish Reversal standing at 212342. Only an August closing below 193000 would be short-term bearish.
There remains no other game in town. With the lethal combination of the Sovereign Debt Crisis and the Cycle of War, the only place to park big money will be the private sector and that the smart money will choose equity while the so-called “conservative” will buy corporate debt, especially with corporate cash at record highs.

ECB To Flood Southern Europe with Trillion Euros

The ECB will lend to banks in the next two years up to a trillion euros to revive the real economy in the periphery of the Eurozone all to save the Euro and retain the power in Brussels that is crumbling at the edges. This, massive volume of long-term loans is even far greater than previously known. Europe is in very serious economic trouble. There is still no intent upon consolidating the debt and instead they continue to use band-aids when stitches are serious required.

Death of the Dollar

Prosecutors are simply lawyers gone really bad and enjoy their power without comprehending the full depth of their actions. The sanctions against Standard Chartered are insane and this will drive more and more banks away from using the dollar in international transactions. It is the prosecutors who are setting the stage for the new one-world reserves currency.
Standard Chartered has been banned from opening US dollar bank accounts without explicit approval by US regulators, according to an article in The London Times. The bank has seen severe restrictions imposed on it, after US officials warned that the bank may be “a conduit for illegal transactions,” the report says. The bank has also been forced to cease US dollar clearing through its NY branch for “high-risk retail business clients,” the Times reports.
The prosecutors have no concept of what they are doing. This is killing the dollar in international transactions in the same manner as FATCA. Rather than report US citizens with accounts and comply with fines for mistakes, the banks have just refused to accept accounts from Americans. Now the prosecutors are ensuring that the bankers will not even deal in dollars if they believe they can prosecute banks overseas for violating US decrees that have no legal application in foreign lands.
Can you imagine if France passed a law and said anyone eating a croissant must pay a tax to them because this was invented in France. Then the other governments, fearing the French nuclear power agreed to allow them to prosecute their citizens. This is what the USA has done to other nations – forced them to surrender their sovereignty to US law. Anyone who traveled to France they could imprison until they pay the tax for every croissant they have ever eaten all because this was invented in France.
The prosecutors are rapidly destroying the world economy. Any foreign bank should immediately leave the USA and they should create a foreign entity they merely hire in the USA to clear any dollar transaction. That way they would extract themselves from the risk of dealing with prosecutors who are off their chain in the USA. Or ask Goldman Sachs to clear for them for they have absolute immunity even J.P.Morgan envies.
The sensible reaction to this trend the prosecutors are on is to eliminate dollar transactions as much as possible and to close the US branch of foreign entities. If they must have a presence in the USA, isolate it through a completely different arms-length structure. Adopt the same mechanism as airlines where three airlines are selling seating on the same flight.
Our sources already are reporting there is serious movement in the works to avoid using dollars. International banks are moving silently to book any transaction in a currency other the dollars. While this will not unseat the dollar as the reserve currency for you still have to park money, these prosecutors cannot claim jurisdiction simply based on a dollar transaction. This is absolutely without precedent in international law and it illustrates the entire problem in the legal field. The rule of law has been inverted. They get to do whatever they like, just as Obama said his is right Congress is wrong, and you have to take them to court to prove they are wrong. Nobody has to check their theory BEFORE they act – the shoot first and justify later.
You have ZERO rights. Whatever rights you have exist ONLY if you have the money to go to court and PROVE to a judge you have such a claimed right.

Black Box faked in Presidential Candidate Crash in Brazil

Campos Eduardo
The presidential candidate Eduardo Campos in Brazil who died in a plane crash is beginning to look like an assassination. People have attempted to evaluate the black box but this has resulted in raises new questions. Apparently the records of the voice recorder being purported as the black box are not from the crash flight. The experts attempt to clarify the cause of the crash before the elections in October. It appears that the black box has no data. Hmmmmm!
Campos  graduated in Economics from the Federal University of Pernambuco, and his maternal grandfather, the governor of the Brazilian state, Pernambuco, made him his Financial Secretary. He was a dynamic speaker and was a socialist. He died in a crash with 5 other people and 2 pilots.

Charlie Chaplin – The Great Dictator

Chaplin Charlie
To those who can hear me, I say – do not despair. The misery that is now upon us is but the passing of greed – the bitterness of men who fear the way of human progress. The hate of men will pass, and dictators die, and the power they took from the people will return to the people. And so long as men die, liberty will never perish. …..
Soldiers! don’t give yourselves to brutes – men who despise you – enslave you – who regiment your lives – tell you what to do – what to think and what to feel! Who drill you – diet you – treat you like cattle, use you as cannon fodder. Don’t give yourselves to these unnatural men – machine men with machine minds and machine hearts! You are not machines! You are not cattle! You are men! You have the love of humanity in your hearts! You don’t hate! Only the unloved hate – the unloved and the unnatural! Soldiers! Don’t fight for slavery! Fight for liberty!
In the 17th Chapter of St Luke it is written: “the Kingdom of God is within man” – not one man nor a group of men, but in all men! In you! You, the people have the power – the power to create machines. The power to create happiness! You, the people, have the power to make this life free and beautiful, to make this life a wonderful adventure.
Then – in the name of democracy – let us use that power – let us all unite. Let us fight for a new world – a decent world that will give men a chance to work – that will give youth a future and old age a security. By the promise of these things, brutes have risen to power. But they lie! They do not fulfil that promise. They never will!
Dictators free themselves but they enslave the people! Now let us fight to fulfil that promise! Let us fight to free the world – to do away with national barriers – to do away with greed, with hate and intolerance. Let us fight for a world of reason, a world where science and progress will lead to all men’s happiness. Soldiers! in the name of democracy, let us all unite!