Feeds:
Posts
Comments

Archive for the ‘economics’ Category


Once you go down the rabbit hole, you will discover things that most people don’t know. Here are 40 outrageous facts that most people are clueless about.

The IRS is not a U.S. Government Agency. It is an Agency of the IMF. 1. The IRS is not a U.S. Government Agency. It is an Agency of the IMF. (Diversified Metal Products v. IRS et al. CV-93-405E-EJE U.S.D.C.D.I., Public Law 94-564, Senate Report 94-1148 pg. 5967, Reorganization Plan No. 26, Public Law 102-391.)

2. The IMF is an Agency of the UN. (Blacks Law Dictionary 6th Ed. Pg. 816)

3. The U.S. Has not had a Treasury since 1921. (41 Stat. Ch.214 pg. 654)

4. The U.S. Treasury is now the IMF. (Presidential Documents Volume 29-No.4 pg. 113, 22 U.S.C. 285-288)

5. The United States does not have any employees because there is no longer a United States. No more reorganizations. After over The FCC, CIA, FBI, NASA and all of the other alphabet gangs were never part of the United States government. Even though the "US Government" held shares of stock in the various Agencies. (U.S. V. Strang , 254 US 491, Lewis v. US, 680 F.2d, 1239)200 years of operating under bankruptcy its finally over. (Executive Order 12803) Do not personate one of the creditors or share holders or you will go to Prison.18 U.S.C. 914

6. The FCC, CIA, FBI, NASA and all of the other alphabet gangs were never part of the United States government. Even though the “US Government” held shares of stock in the various Agencies. (U.S. V. Strang , 254 US 491, Lewis v. US, 680 F.2d, 1239)

Social Security Numbers are issued by the UN through the IMF7. Social Security Numbers are issued by the UN through the IMF. The Application for a Social Security Number is the SS5 form. The Department of the Treasury (IMF) issues the SS5 not the Social Security Administration. The new SS5 forms do not state who or what publishes them, the earlier SS5 forms state that they are Department of the Treasury forms. You can get a copy of the SS5 you filled out by sending form SSA-L996 to the SS Administration. (20 CFR chapter 111, subpart B 42 2.103 (b) (2) (2) Read the cites above)

8. There are no Judicial courts in America and there has not been since 1789. Judges do not enforce Statutes and Codes. Executive Administrators enforce Statutes and Codes. (FRC v. GE 281 US 464, Keller v. PE 261 US 428, 1 Stat. 138-178)

9. There have not been any Judges in America since 1789. There have just been Administrators. (FRC v. GE 281 US 464, Keller v. PE 261 US 428 1Stat. 138-178)

10. According to the GATT you must have a Social Security number. House Report (103-826)

11. We have One World Government, One World Law and a One World Monetary System.

No one on this planet has ever been free. This planet is a Slave Colony.12. The UN is a One World Super Government.

13. No one on this planet has ever been free. This planet is a Slave Colony. There has always been a One World Government. It is just that now it is much better organized and has changed its name as of 1945 to the United Nations.

14. New York City is defined in the Federal Regulations as the United Nations. Rudolph Gulliani stated on C-Span that “New York City was the capital of the World” and he was correct. (20 CFR chapter 111, subpart B 422.103 (b) (2) (2)

15. Social Security is not insurance or a contract, nor is there a Trust Fund. (Helvering v. Davis 301 US 619, Steward Co. V. Davis 301 US 548.)

16. Your Social Security check comes directly from the IMF which is an Agency of the UN. (Look at it if you receive one. It should have written on the top left United States Treasury.)

17. You own no property, slaves can’t own property. Read the Deed to the property that you think is yours. The Revolutionary War was a fraud.You are listed as a Tenant. (Senate Document 43, 73rd Congress 1st Session)

18. The most powerful court in America is not the United States Supreme Court but, the Supreme Court of Pennsylvania. (42 Pa.C.S.A. 502)

19. The Revolutionary War was a fraud. See (22, 23 and 24)

20. The King of England financially backed both sides of the Revolutionary The King of England financially backed both sides of the Revolutionary war. (Treaty at Versailles July 16, 1782, Treaty of Peace 8 Stat 80)war. (Treaty at Versailles July 16, 1782, Treaty of Peace 8 Stat 80)

…and as history repeats itself, Prescott Bush, as history repeats itself, Prescott Bush, father of George HW Bush and grandfather of George W. Bush, funded both sides of World War II. The Bush family have been traitors to the American citizens for decades. father of George HW Bush and grandfather of George W. Bush, funded both sides of World War II.  The Bush family have been traitors to the American citizens for decades.

Sarah, if the American people had ever known the truth about what we Bushes have done to this nation, we would be chased down in the streets and lynched.

George Bush Senior speaking in an interview with Sarah McClendon in December 1992
21. You can not use the Constitution to defend yourself because you are not a party to it. (Padelford Fay & Co. v. The Mayor and Alderman of The City of Savannah 14 Georgia 438, 520)

22. America is a British Colony. (THE UNITED STATES IS A CORPORATION, NOT A LAND MASS AND IT EXISTED BEFORE THE REVOLUTIONARY WAR AND THE BRITISH TROOPS DID NOT LEAVE UNTIL 1796.) Respublica v. Sweers 1 Dallas 43, Treaty of Commerce 8 Stat 116, The Britain is owned by the Vatican.Society for Propagating the Gospel, &c. V. New Haven 8 Wheat 464, Treaty of Peace 8 Stat 80, IRS Publication 6209, Articles of Association October 20, 1774.)

23. Britain is owned by the Vatican. (Treaty of 1213)

24. The Pope can abolish any law in the United States. (Elements of Ecclesiastical Law Vol.1 A 1040 form is for tribute paid to Britain. (IRS Publication 620953-54)

25. A 1040 form is for tribute paid to Britain. (IRS Publication 6209)

26. The Pope claims to own the entire planet through the laws of conquest and discovery. (Papal Bulls of 1455 and 1493)

27. The Pope has ordered the genocide and enslavement of millions of people.(Papal Bulls of 1455 and 1493)

28. The Pope’s laws are obligatory on everyone. (Bened. XIV., De Syn. Dioec, lib, ix., c. vii., n. 4. Prati, 1844)(Syllabus, prop 28, 29, 44)

29. We are slaves and own absolutely nothing not even what we think are our children. (Tillman v. Roberts 108 So. 62, Van Koten v. Van Koten 154 N.E. 146, Senate Document 43 & 73rd Congress 1st Session, Wynehammer v. People 13 N.Y. REP 378, 481)

Also see:
3 Financial Suicides in 5 Days…. Something Is Going Down and It’s all collapsing, right on schedule!

30. Military Dictator George Washington divided the States (Estates) into Districts. (Messages and papers of the Presidents Vo 1, " The People" does not include you and me. pg 99. Websters 1828 dictionary for definition of Estate.)

31. ” The People” does not include you and me. (Barron v. Mayor & City Council of Baltimore. 32 U.S. 243)

32. The United States Government was not founded upon Christianity. (Treaty of Tripoli 8 Stat 154.)

33. It is not the duty of the police to protect you. Their job is to protect the Corporation and arrest code breakers. Sapp v. Tallahasee, 348 So. 2nd. 363, Reiff v. City of Philadelphia, 477 F.Supp. 1262, Lynch v. N.C. Dept of Justice 376 S.E. 2nd. 247.

34. Everything in the “United States” is For Sale: roads, bridges, schools, hospitals, water, prisons airports etc. I wonder who bought Klamath lake. Did anyone take the time to check? (Executive Order 12803)

35. We are Human capital. (Executive Order 13037)

36. The UN has financed the operations of the United States government for over 50 years and now owns every man, women and child in America. The UN also holds all of the Land in America in Fee Simple.

37. The good news is we don’t have to fulfill “our” fictitious obligations. You can discharge a fictitious obligation with another’s fictitious obligation.

38. The depression and World War II were a total farce. The United States and various other companies were making loans to others all over the World during the Depression. The building of Germanys infrastructure in the 1930′s including the Railroads was financed by the United States. That way those who call themselves “Kings,” “Prime Ministers,” and “Furor.”etc could sit back and play a game of chess using real people. Think of all of the Americans, Germans etc. who gave their lives thinking they were defending their Countries which didn’t even exist. The millions of innocent people who died for nothing. Isn’t it obvious why Switzerland is never involved in these fiascoes? That is where the “Bank of International Settlements”is located.Wars are manufactured to keep your eye off the ball. You have to have an enemy to keep the illusion of “Government” in place.

39. The “United States” did not declare Independence from Great Britian or King George.

40. The etymology of government means to control the mind. From Latinised Greek gubernatio “management, government”, from Ancient Greek κυβερνισμός, κυβέρνησις (kybernismos, kybernesis) “steering, pilotage, guiding”, from κυβερνάω (kybernao) “to steer, to drive, to guide, to act as a pilot” plus Latin mente “mind”.

http://www.in5d.com/40-outrageous-facts-most-people-dont-know.html

Read Full Post »


WASHINGTON — The Internal Revenue Service handed out $2.8 million in bonuses to employees with disciplinary issues — including more than $1 million to employees who didn’t pay their federal taxes, a watchdog report says.

The report by the Treasury Inspector General for Tax Administration said 1,146 IRS employees received bonuses within a year of substantiated federal tax compliance problems.

The bonuses weren’t just monetary. Employees with tax problems received a total of 10,582 hours of paid time off — valued at about $250,000 — and 69 received permanent raises through a step increase, the report said. The report looked at bonuses in 2011 and 2012.

Employees’ tax problems included “willful understatement of tax liabilities over multiple tax years, late payment of tax liabilities, and underreporting of income,” the report said.

more @ http://www.usatoday.com/story/news/politics/2014/04/22/irs-bonuses-employees-delinquent-taxes/8012195/

Read Full Post »


of  ‘Zero Hedge’, with Acknowledgments.

It almost happened in 2008… but as this excerpt from Casey Research’s Meltdown America documentary notes, it appears the US military is preparing for the potential collapse of the US dollar. As Scott Taylor warns, “…if the carrot (of credit worthiness) is fading, and the stick (of military threat) is weak, that empire is going to come down in a hurry…” which leaves a serial economic mis-manager only one option to ‘secure’ the empire.

To see what the consequences of economic mismanagement can be, and how stealthily disaster can creep up on you, watch the 30-minute documentary, Meltdown America. Witness the harrowing tales of three ordinary people who lived through a crisis, and how their experiences warn of the turmoil that could soon reach the US.

Click here for next video. (Requires your email address to view).

Complete source article and videos linked here.

Read Full Post »


Something very ominous is taking place right before the eyes of the people of this nation; far too many Americans don’t seem to grasp what’s happening all around them; and if they actually do, it may be that they don’t have it in them to reject and resist the forces that intend to transform this society into one of subservience and submissiveness.

 

Since Edward Snowden blew the whistle and exposed its surveillance activities, the NSA (the National Security Agency) readily admits that it has been collecting all forms of communications of the American people, from emails to cell phone conversations as well as others. It has now also been discovered to have routinely used these same methods to collect the communications of people in other countries, many of them allies of America; even the communications of their leaders.

 

What we now have in America is a government that has these characteristics: it is omnipresent meaning that it is “present everywhere at the same time.” It is omniscient, or, “it has complete or unlimited knowledge, awareness, or understanding; perceiving all things.” And lastly, as we well know, it is omnipotent: “it possesses “unlimited and unrestrained authority and power.”

 

Do the people of America even care that their privacy is being violated each and every day; that their communications of all forms are being monitored closely by the NSA? On the surface that might be the conclusion because their reaction to this invasion of privacy has been a deafening silence. But it’s more than likely that they are well aware of exactly how their Constitutional right of privacy is being violated and they just don’t have it in them to resist and demand that these actions be terminated.

 

One might describe the mass of Americans as greatly resembling the “proles” that existed in the era of “1984”, aka the Orwellian age. The proles constituted 85% of the population of Oceania, they were the working class. Their functions were simple: to work and raise children. About the only things they concerned themselves with were diversions such as family get-togethers, friends and neighbors, playing the lottery, drinking, and watching TV to make them forget about their meaningless jobs.

 

The proles in Oceania were not subjected to intimate government surveillance because the government considered them to be useless people who would never question or challenge the government in any way. But in the America of today everyone is under surveillance because, quite obviously, this government doesn’t trust anyone; everyone is suspect and needs to have their communications monitored. So the America of today can be in many ways considered as 1984 on steroids.

 

We have a president, Barack Obama, who has strongly supported and defended the policies and actions of this NSA spying agency and sees absolutely nothing wrong with how it is invading the privacy of Americans. This president, a Constitutional “scholar” no less apparently doesn’t see this as a violation of the U.S. Constitution’s 4th Amendment which guarantees the rights of privacy of the American people.

 

So while all this skullduggery and spying is going on all around us and our cell phones, emails, and other communications are routinely tapped and recorded for further examination, what is the response from the mass of the American people? Are they incensed, are they in a state of rage and outrage because of this gross intrusion into their privacy?

 

Apparently not; there has been little to no response or reaction, just the usual silence that permeates this society. Many Americans don’t even have the slightest inkling of what is going on; they are, like the 1984 proles, busy with their own lives, largely unconcerned with what they government is doing. Others say that they have nothing to hide and, therefore, the government can do whatever it wishes with intercepting their communications.

 

Or they may well be a throw back to the people in Germany who, in their hearts, knew exactly what was going on in the prelude to World War II and just looked the other way when The National Socialist German Workers’ Party established control over the nation and the people no longer had any rights and certainly no privacy. And we all know what happened next.

more @ http://nexusilluminati.blogspot.co.uk/2014/04/welcome-to-orwellian-america-land-of.html

Read Full Post »


Hollywood filmmaker Oliver Stone has said Western bankers enabled Hitler to carry out his atrocities during World War two. Keiser report reveals that similar schemes still go on today with U.S. banks financing terrorists as well as Wall Street bonuses.

Read Full Post »


While Americans comprise only 5 percent of the world population, we consume an incredible 50 percent of Big Pharma’s drugs, as explained in Jeff Hays’ documentary film, Doctored. Make no mistake. These drugs are meant to keep us imprisoned in poor health, not heal us. It’s time to kick the drug habit America. Tell the drug pushers – Merck, Pfizer, Novartis, Roche, GlaxoSmith Kline, Abbott, Astra-Zeneca, Amgen, Eli Lilly, Bristol-Myers Squibb, and Sanofi (along with the FDA and CDC) that you are going cold turkey, and learn what true health really means.

Sadly, Americans are more familiar with names like Abilify, Nexium, Humira, Plavix, Crestor, Advair Diskus, Enbrel, and Cymbalta, the top selling drugs of Big Pharma, than  names like Aloe barbadensis, Curcuma longaAllium sativumMoringa oleiferaVitis vinifera L, all indigenous plants that have healed millions around the world.

You’ve likely heard the phrase before – just a dozen huge corporations are keeping Americans popping pills while they rake in billions, but have you really thought of what these numbers translate into, in terms of real health?

 

Annual sales for just one drug, Humira, was $9.3 billion. That puts Abott squarely at the top of the list as one of the most successful drug companies of all time.

One drug. One year. $9.3 billion.

Read Full Post »


The Russians and the Chinese have been attacking the dollar with the help of nations from Asia and Latin America to Africa and the Mideast. I would describe their efforts as Chinese Water Torture with one blow falling after another steadily undermining the benefits of the US being allowed to print dollars and buy electronics, oil, food, clothes and cars with I Owe You Nothing Federal Reserve Notes.

The Chinese at the Beijing Conference in 2010 promised $100 billion in investments in Africa. The US countered this strategy by killing Libyans and stealing their 144 million ounces of gold and $98 billion in bank deposits. Which strategy do you think is more popular with Africans? America raised on a busted flush and helped France invade Mali to steal their gold.

Russia and China have been making deals with other foreign nations. England and Germany have already set up direct relations with the Chinese so they could exchange British pounds and German euros for yuan without going through the US dollar. Russia is helping Iran by buying their oil and evading dollar transaction fees. They are gradually replacing the dollar as the international reserve currency. In 1945 if someone in France wanted to buy food from Brazil, they had to use dollars. The Petrodollar was an arrangement which required nations from Europe to China to Latin America to buy oil from Saudi Arabia with US dollars. No more. People all over the world are refusing to pay in dollars.

America took over the British Empire by entering World War I to make the war last long enough to bankrupt England and followed up by entering WW II after the German military tried to surrender in March of 1939 and the Japanese Emperor did the same as early as 1936.

Wassily Leontief won a Nobel Prize for his input output analysis of the U.S. economy back in the 1930s. He discovered that America had 31 basic industries. Americans extracted natural resources and with their skilled labor made products of value. Wages were so much higher than Europe that America had to invent labor saving machinery. After WW II studies using Leontief”s economic model concluded that America could support a population of 150 million. After that they would have to lower wages every time they added another million people. The Federal Reserve printed dollars instead of finding new industries or stopping the post war flood of immigrants. The Federal Reserve also printed dollars to pay for the occupation of nations all over the world for the benefit of the New World Order corporations. These are the 147 corporations that control 20%  of world trade  and the major international banks. They support trade treaties that put companies with political connections above our national laws regulating labor, the environment, safety, health and consumer affairs.

Some Americans as far back as the 1960s realized that this post war Empire was incompatible with the freedoms they had during the Republic. Empires do not have citizens. They have slaves.

Some blame President Nixon for taking America off the gold standard. America was overpopulated and had too many foreign wars and occupations to do anything but print dollars to make up for the trade and budget deficits. President Nixon founded the Environmental Protection Agency on December 2, 1970 in order to use it to steal land from us to use as collateral for Chinese trade surpluses and America budget deficits even before his famous trip to China in 1972. Nixon was never a political conservative. He was a crafty and intelligent member of the Council on Foreign Relations. Trade with China grew gradually until the 1990s. After Reagan Wall Street decided to go full out to destroy America as an independent nation. 12 million jobs and 56,000 American manufacturing plants were sent overseas. Jobs were created in the Bubble economies of subprime mortgages and the dot com frauds. When these Bubbles burst, college graduates woke up to find there were no jobs for them.

The Bilderberg Society is an annual meeting of billionaires that discusses an agenda arranged in advance until agreement is reached so that the ruling elite can get their Minions to work cooperatively towards the goals of the ruling families. David Rothkopf wrote of the 30 ruling families and their 6,000 Minions in his book Superclass. One of the founders of the Bilderberg Society was Sir Evelyn de Rothschild. He remained silent at the meetings. He had prepared the agenda. He listened as the invited participants discussed what he wanted them to agree to. I once wrote that there are six levels of the America government. On the A level are the Decision Makers like the Rothschilds and the Rockefellers.

Level B is the Secret Government or the Minions who carry out the decisions from above. These are the people who manufactured the Gulf of Tonkin event which was used by President Johnson and Secretary of Defense McNamara to justify taking America into the Vietnam war. American Presidents and British Prime Ministers are on the C Level with the other hired help. You and I are on the F Level. F stands for those who are to be Flogged to be encouraged to work harder to support the Five Levels Above them. The Decision Making A Level wanted the Vietnam war so they could make money selling drugs to Americans as their ancestors had done to the Chinese people during and after the Opium Wars. What most Americans did not realize in the 1960s was that they were being treated like colonial natives just as His Majesty’s Jewish Government had done to the Chinese in the 19th century.

The Bilderberg Society will be meeting in Copenhagen, Denmark from Wednesday May 29 to Sunday June 1, 2014. I have followed them for several years and have published annotated members lists of previous meetings. I will do so again as soon as I get a 2014 list. The Bilderbergers are Bankers. They understand that the dollar cannot remain as the world’s international reserve currency. They have been, as I showed previously, been behind the rise of China. Their ancestors helped Mao take over China. The Japanese Emperor had offered to pull out of China in the 1930s in order to negotiate peace with President Roosevelt. The Ruling Elite wanted World War II. They wanted to expand Communism into eastern Europe, China and French Indo-China. And they wanted Israel to have enough war refugees to populate their Zionist enclave.

Jim Rickards is a member of the Council on Foreign Relations and has advised the Pentagon since 2001. He participated in War Games designed to simulate America on the Day After the Dollar Dies. He has said the dollar will face a series of devaluations ranging from 20 to 30% each until it is devalued a total of 80%. This will make imported things more expensive. As Rickards explained, this will make imported cars, clothes, electronics and food 500% more expensive. What he did not say was that people overseas could buy the food off our store shelves until the people in America rebelled and said No. This is why I have been predicting Nationwide Food Riots. I also said Hyperinflation would begin only after the dollar was devalued.

I have concluded that the dollar will be devalued by at least 20% after the Bilderberg Conference in Copenhagen. You might want to follow press stories in the first week or two in June. I should point out that this Copenhagen meeting will be taking place after the Russian-Chinese Summit which will be making a series of financial and trade announcements. This will follow the Shanghai CICA conference of 40 Asian nations earlier in the month of May. The Chinese want to make this a more spectacular event than in the past as they will chair this meeting.

The Chinese have not announced their gold holdings since April of 2009. They might make an announcement in April or May prior to the Bilderberg meeting. They could astound the world with the amount of gold they do own. It is rumored to be between 5,000 to 10,000 metric tons. The Bankers of Wall Street and the City of London have cooperated with the Chinese to manipulate the price of gold and silver to make the dollar, the pound and the euro look good by allowing China to buy our gold at bargain basement prices.

Jerome Corsi who is Jewish has been writing of Chinese acquisition of American property and companies. Dr Jim Willie has been writing about it as well. I wrote earlier of Willie’s claim that the Chinese plan is to buy up property and get free trade zones all  over America. They are preparing for the Day After the Dollar Dies. They want to hire what will soon be cheap American skilled and professional labor. This could make the Chinese America’s largest private employer. They could use their Treasury bonds and cash to buy more American homes and real estate to make them America’s largest land lord. And they could buy up bank stock which will allow them to vote to take over the Federal Reserve which is owned by member banks.

The Bankers have prepared for collapse by moving the assets they want to keep out of their corporate shell so they will not lose them when they go bankrupt.

When they do bankrupt their banks, the Bankers might need to steal your deposits. The banks seized the assets of depositors in Cyprus. Courts have ruled against depositors in Europe and America. What people need to realize is the relation of fractional reserve banking to Bail ins or the seizure of deposits. If an elderly woman deposits $,1000 in her account, the banker can loan out $10,000. So ask yourself what happens after the bank seizes her deposits. They will have her savings but they will also have a $10,000 loan that could fail. A Bail In theft of deposits would be guaranteed to fail a lot of business loans because nobody would have any money to spend at local stores or to hire either contractors or professionals.

The Bilderbergers are Bankers. They have protected their personal assets from bankruptcy. They have moved their most profitable and valuable assets into non-banking corporations and moved their exposure to Credit Default Swaps into government insured sectors.  They know when the dollar is to be devalued so they can make money on both its rise and decline. They created the Federal Reserve system in 1913. It gave the banks the right to charge us interest on money they created out of nothing which transfers all wealth from us to them.

The Bilderbergers are Bankers. They know that compound interest on debts created from nothing will accumulate exponentially until there is a Mountain of Unpayable Debt. They know this will slow the economy down. A Depression is a period of time when Unpayable Debts are cancelled. Bankers will allow you to choose between deflation and inflation to cancel the trillions of dollars they fraudulently created and have convinced the politicians they own to make you pay. Americans are familiar with 1930s style foreclosure on farms and home mortgages and the calling in of business loans. This contracted the Money Supply and starved at least 3 million Americans to death. Germans are familiar with the Hyperinflation of their currency in 1923. I have told the story of the German farmer who paid off his farm loan by selling two eggs.

There is a third way to cancel debts. The Babylonians had a mathematical formula that told them when it was time to cancel debts to restore the economy. We could have worldwide Debt Cancellation as an alternative to economic collapse, mass starvation and wars.

But that is a forbidden topic at Bilderberg meetings. They will be coordinating their response to the decline of the dollar and the increasing supply of debt based money. I am thinking the Bilderbergers will decide to announce a series of Dollar Devaluations at the Copenhagen meeting.

The Bilderbergers have decided to Hyperinflate the dollar into zero value. This will confiscate all of our pension and savings while simultaneously cutting our wages. This is designed to drive us into Debt Slavery. I will conclude today’s essay by citing something I have said before.

The Fundamental Fact of Your Existence as a modern man or woman is that the bankers of New York and London want to reduce you to Debt Slavery.

Accept that fact and move on to the solution.

That is their plan for you.

What is your plan for them?

 

original link

Read Full Post »


Photo

 Despite complex trade rules against doing business with Iran, a corporate jet with a small American flag turned up in Tehran. Credit Thomas Erdbrink/The New York Times

President Obama has warned that Iran is not open for business, even as the United States has loosened some of its punishing economic sanctions as part of an interim nuclear pact.

Yet on Tuesday morning, Iran had an unlikely visitor: a plane, owned by the Bank of Utah, a community bank in Ogden that has 13 branches throughout the state. Bearing a small American flag on its tail, the aircraft was parked in a highly visible section of Mehrabad Airport in Tehran.

But from there, the story surrounding the plane, and why it was in Iran — where all but a few United States and European business activities are prohibited — grows more mysterious.

While federal aviation records show the plane is held in a trust by the Bank of Utah, Brett King, one of its executives in Salt Lake City, said, “We have no idea why that plane was at that airport.”

He said that the Bank of Utah acted as a trustee for investors who have a financial stake in the plane and that the bank was investigating further.
Continue reading the main story
Related Coverage

Speaking to air force commanders in Tehran on Thursday, Ayatollah Ali Khameini said Iran
interactive
Multimedia Feature: Timeline on Iran’s Nuclear ProgramMARCH 21, 2013

The Federal Aviation Administration said it had no information about the investors in the aircraft or who was operating it. Officials waiting at the gangway at Mehrabad Airport said only that the aircraft was “V.I.P.”

The Treasury Department’s Office of Foreign Assets Control, the federal government’s primary enforcer of sanctions against Iran, declined to comment on the plane’s presence there. Under United States law, any American aircraft would usually need prior approval from the department to go to Iran without violating a complicated patchwork of rules governing trade.

In the case of this particular aircraft, powered by engines made by General Electric, the Commerce Department typically would have to grant its own clearance for American-made parts to touch down on Iranian soil.

Iranian officials also declined to comment on the purpose of the plane’s visit or passengers’ identities. A spokesman for Iran’s United Nations mission in New York, Hamid Babaei, said: “We don’t have any information in this regard. I refer you to the owner.”

The tracking of planes has become a kind of global sport, as largely amateur photographers post thousands of images showing arrivals and departures in their attempts to chronicle flight paths. In the case of this plane, for example, one spotter spied it leaving an airport in Zurich around the time of the World Economic Forum in Davos, Switzerland, held in January. Another photographer tracked the plane, identified by its call letters N604EP on the tail engines, departing a London-area airport for Ghana last October.

But this week’s spotting by a New York Times reporter in Tehran carries particular intrigue because it involves Iran, a country still effectively shunned by the global financial system.

Even some former federal officials, who spoke on the condition of anonymity, said the very presence of an American-flagged aircraft parked in broad daylight suggested its flight had been approved as part of a legitimate business trip. What is more, they said, the easily identifiable plane was not likely to be part of a covert diplomatic mission.

The secrecy surrounding the plane is compounded by federal aviation regulations that can make it virtually impossible to determine who was flying it.
Continue reading the main story
Continue reading the main story
Advertisement

The private plane, like thousands of similar ones, is owned through a trust — a complex legal structure often established to help foreign individuals or corporations invest in planes that can fly freely within the United States. Aside from that benefit, the structure enables investors and operators to remain largely anonymous to the public. The trustee — in this case, the Bank of Utah — is the sole entity recorded as owner in a vast database maintained by the Federal Aviation Administration.

The Bank of Utah is listed as a trustee for 1,169 aircraft, ranging from Boeing 747s to single-engine Cessnas, according to a review by The New York Times of the database. The Bank of Utah acts as a trustee for more planes than just about any other bank, the review shows.

Mr. King, who helps run the bank’s trust services business, said the bank had no “operational control” or “financial exposure” to any of the planes.

He said he was not allowed to disclose the identity of the plane’s investors. “As fiduciary, we must keep information confidential when it comes to the beneficiary,” Mr. King said.

While the trusts allow celebrities and corporate executives to travel discreetly, they also help obscure who is operating vast fleets of aircraft and why.

The shadowy role of American banks in private aircraft ownership has grown even as financial regulators work to shine a light on Wall Street’s activities, a legacy of the 2008 financial crisis.

Bank dealings with Iran in particular are subject to extraordinary scrutiny by the United States government, part of a broader crackdown on the flow of money to foreign countries and individuals that American officials say is tied to terrorism.

The British bank HSBC, for example, reached a record $1.92 billion settlement with federal authorities in 2012 to resolve accusations that it funneled billions of dollars on behalf of Iran and enabled Mexican drug cartels to move tainted money through its United States subsidiaries.

Even before the current sanctions, American aircraft rarely landed in the country. The animosity between the two countries has grown so intense that even the occasional emergency landing by a United States commercial airliner sets off a flurry of speculative news reports.

For his part, Mr. King said Thursday in an interview that he was trying to get to the bottom of the aircraft’s presence in Tehran. “The Bank of Utah is very conservative, and located in the conservative state of Utah,” he said. “If there is any hint of illegal activity, we are going to find out and see whether we need to resign” as trustee.

http://www.nytimes.com/2014/04/18/world/middleeast/mystery-shrouds-american-plane-at-tehran-airport.html?src=twrhp&_r=3

Read Full Post »


The Securities and Exchange Commission announced today:

The Securities and Exchange Commission today charged a former 20-year employee of BP p.l.c. and a senior responder during the 2010 Deepwater Horizon oil spill with insider trading in BP securities based on confidential information about the magnitude of the disaster.  The price of BP securities fell significantly after the April 20, 2010 explosion on the Deepwater Horizon rig, and the subsequent oil spill in the Gulf of Mexico, resulted in an extensive clean-up effort.

 

According to the SEC’s complaint, filed in U.S. District Court for the Eastern District of Louisiana, BP tasked Keith A. Seilhan with coordinating BP’s oil collection and clean-up operations in the Gulf of Mexico and along the coast.  Seilhan, an experienced crisis manager, directed BP’s oil skimming operations and its efforts to contain the expansion of the oil spill.

 

The complaint alleges that within days, Seilhan received nonpublic information on the extent of the evolving disaster, including oil flow estimates and data on the volume of oil floating on the surface of the Gulf.

Seilhan sold his family’s BP securities after he received confidential information about the severity of the spill that the public didn’t know,” said Daniel M. Hawke, chief of the Division of Enforcement’s Market Abuse Unit.

 

***

 

The complaint alleges that by April 29, 2010, in filings to the SEC, BP estimated that the flow rate of the spill was up to 5,000 barrels of oil per day (bopd).  The company’s public estimate was significantly less than the actual flow rate, which was estimated later to be between 52,700 and 62,200 bopd.  The information that Seilhan obtained indicated that the magnitude of the oil spill and thus, BP’s potential liability and financial exposure, was likely to be greater than had been publicly disclosed.

 

According to the complaint, while in possession of this material, nonpublic information, and in breach of duties owed to BP and its shareholders, Seilhan directed the sale of his family’s entire $1 million portfolio of BP securities over the course of two days in late April 2010.  The trades allowed Seilhan to avoid losses and reap unjust profits ….

Interestingly, the head of BP – Tony Hayward – sold 1.4 million pounds worth of BP shares a few weeks before the start of the Gulf oil spill.  While – at first glance – this sound like it could not possibly have been connected to the Gulf spill, BP actually had major problems with the Gulf well months before the spill. In other words, the spill hadn’t yet happened … but it should have been obvious to knowledgeable insiders that the well was highly dangerous and unstable.

Sadly, Mr. Seilhan, Mr. Hayward and the rest of the BP team made normal oil-skimming procedures impossible because they sunk the oil with Corexit dispersant … so the oil skimmers couldn’t get to it.

And it is beyond doubt that BP and the government blatantly low-balled the amount of oil spilled.

Indeed, most people still don’t understand that – while the well was “capped” in 2010 – top experts say that the oil spill could have increased  the amount of oil flowing form natural seeps in the area … so that more oil continues to leak into the Gulf for years.   Indeed,  large oil slicks have flowed for years after the BP well was capped (and BP’s explanations for this phenomenon don’t hold up to scrutiny.)

Postscript:  Some BP personnel were criminally indicted for manslaughter and lying to federal investigators.

But the U.S. has let BP back into the Gulf.  And BP is going to drill even deeper … with an even greater potential for disaster (and see this).

Read Full Post »


DALLAS (AP) — A federal judge is telling American Airlines that it can’t yet act alone to cut off benefits for many retirees.

American wants retirees who wish to keep their benefits to pay all the cost. Now the dispute could go to negotiations or a trial.

On Friday, bankruptcy court Judge Sean Lane in New York rejected a request made by former parent AMR Corp. for summary judgment allowing it to immediately eliminate benefits for retired pilots, flight attendants and other union workers. He granted AMR’s request for a group of nonunion workers.

American says it will review the ruling before deciding its next move, which could include negotiations with a committee representing the retirees.

AMR spent two years in bankruptcy protection until merging with US Airways last December.

http://news.yahoo.com/judge-says-american-cant-end-retiree-benefits-yet-211130944–finance.html

Read Full Post »


This is a small section of a long talk delivered by Robert Anton Wilson in Los Angeles in 1988.

Who was Robert Anton Wilson?

Writer, novelist, great untangler of conspiracies.

Here we learn how the CIA, the Vatican and Organized Crime play nice with each other when there is drug money to be made – and how many of the players in the US drug trade also appear to have been involved in the JFK assassination.

Read Full Post »


Ken McMurtrie:

“The very rich and powerful families who control the US military industry complex reacted by trying to revert to their tried strategy of re-activating a new Cold War that paints Russia as evil and tries to cripple or severely weaken her. Ultimately it was a stupid decision being implemented by very stupid people, who believe they are very smart.”

Originally posted on The GOLDEN RULE:

From ‘ PressTVBy F. William Engdahl . An excellent coverage of the real world and the current unrest in Ukraine. The enormous repercussions of the Western world, per the US hegemony and out-of-control leaders, on the already disastrous global financial state.

Washington’s decision to go for the military coup in Ukraine was intended to rupture the emerging cooperation between key Eurasian nations that ultimately would have isolated the power of US hegemony and opened the door for a genuine multi-polar world where peaceful cooperation replaced military threats and sole Superpower domination.

The very rich and powerful families who control the US military industry complex reacted by trying to revert to their tried strategy of re-activating a new Cold War that paints Russia as evil and tries to cripple or severely weaken her. Ultimately it was a stupid decision being implemented by very stupid people, who believe they are…

View original 996 more words

Read Full Post »


The Pioneer
 

Humanity’s Great Inventions:  No one knows who invented the wheel that moves carts and machines, but we know who invented the wheel that drives the economy.  It was Marco Licinio Craso, born 115 years before Christ.

He discovered that the market depends on the push and pull of supply and demand for goods and services.

To put this economic law into practice, he founded a company in Rome.

Thus was born the first private firefighting firm.

It was a great success.

Don Marco set fires, then charged to put them out.
Michael Smith

http://legalienate.blogspot.com/2014/04/origin-of-free-market.html

                             —–Eduardo Galeano, Voices of Time

Logo Banner 800x400

Read Full Post »


 

In some areas of the world, payment systems that require palm scanning or face scanning are already being tested. We have entered an era where biometric security is being hailed as the “solution” to the antiquated security methods of the past. We are being promised that the constant problems that hackers are causing with our credit cards, bank accounts, ATM machines and Internet passwords will all go away once we switch over to biometric identification. And without a doubt, we have some massive security problems that need to be addressed. But do you really want a machine to read your face or your hand before you are able to buy anything, sell anything or log on to the Internet? Do you really want “the system” to be able to know where you are, what you are buying and what you are doing at virtually all times? Biometric security systems are being promoted as “cool” and “cutting edge”, but there is also potentially a very dark side to them that should not be ignored.

In this day and age, identity theft has become a giant problem. Being able to confirm that you are who you say that you are is a very big deal. To many, biometric security presents a very attractive solution to this problem. For example, the following is a brief excerpt from a recent Fox News article entitled “Biometric security can’t come soon enough for some people“…

In a world where nearly every ATM now uses an operating system without any technical support, where a bug can force every user of the Internet to change the password to every account they’ve ever owned overnight, where cyber-attacks and identity theft grow more menacing every day, the ability to use your voice, your finger, your face or some combination of the three to log into your e-mail, your social media feed or your checking account allows you to ensure it’s very difficult for someone else to pretend they’re you.

Almost everyone would like to make their identities more secure. Nobody actually wants their bank accounts compromised or their Internet passwords stolen. But there is a price to be paid for adopting biometric identification. Your face or your hand will be used to continually monitor and track everything that you do and everywhere that you go. Here is some more from that Fox News article…

Friday, we made Ryan King the most verified man in Brooklyn.

“Verified,” a fingerprint-recognition device chirped back at Ryan after he placed his finger on the reader.

“Verified,” a facial-recognition device said to Ryan after scanning his face.

Ryan works at the American headquarters for FingerTec, a Malaysian company replacing PINs, usernames, and typed passwords with fingers and faces we don’t need to memorize.

“You can’t copy someone’s fingerprint unless you chop it off,” Ryan said, “which wouldn’t work because it has to be attached to a hand.”

For now, biometric security is not being forced on people. If you want to avoid it, you can.

But eventually, once it has been adopted on a widespread basis, banks and government agencies will start requiring it.

And it is easy to imagine a day when none of us will any longer be able to buy or sell anything without submitting to biometric identification. In fact, an “alternative payment method” involving hand scanning is already being tested in southern Sweden…

Hand scanning has become an alternative payment method for people in a city in southern Sweden, researchers at Lund University said Monday.

Vein scanning terminals have been installed in 15 shops and restaurants in Lund thanks to an engineering student who came up with the idea two years ago while waiting in line to pay.

Some 1,600 people have signed up already for the system, which its creator says is not only faster but also safer than traditional payment methods.

“Every individual’s vein pattern is completely unique, so there really is no way of committing fraud with this system,” researcher Fredrik Leifland said in a statement.

“You always need your hand scanned for a payment to go through.”

But before biometric identification is widely used for payment systems, we will probably see it implemented in a whole bunch of other ways first. For instance, biometric scanners are already being used in dining halls on college campuses all across America…

Hand geometry readers have been fairly common on campus for years but more recent deployments are leveraging fingerprint and even iris biometrics to link students with transactions. Physical access is the hallmark biometric application but the technology has been gaining popularity in food service and other sectors to expedite transactions.

The social stigma attached to biometrics is also being lifted, as students are becoming more comfortable with the technology, says Brian Adoff, executive vice president at NuVision. The inclusion of a fingerprint scanner on the latest iPhone is just one indication that the younger generation is comfortable with biometrics.

“Administrators have a greater fear of the technology than students,” says Bob Lemley, director of software development at the CBORD Group. “Students are growing up with the technology so they don’t think about it as much as the older generations.”

Georgia Southern University can attest to that fact. The school deployed iris biometrics at its dining hall and only two students out of 5,400 refused to enroll, says Richard Wynn, director of the university’s Eagle Card Program.

Young people tend to be less alarmed by this technology, and so that is where it is being pushed. If you can believe it, biometric scanners are even going to be used at Six Flags amusement park this summer…

A new scanning system at Six Flags sounds like it’s from the future, but the biometric scanner aims to make faster entrances for season pass holders.

When guests arrive at the front gate for the first time of the season, they will present their voucher and a scanner processes an image of their fingerprint, assigning a unique set of numbers that are used to validate the pass holder’s card each visit.

The first visit should take only about 20 seconds to set up the card, as opposed to the additional time of taking a photo and getting it printed on the card, according to spokeswoman Elizabeth Gotway.

This kind of reminds me of the new “MagicBands” at Disney parks that I have written about previously. You have probably seen the television commercials featuring them by now. Disney seems to think that parents and kids will have no problems wearing RFID tracking devices that allow them to buy stuff and monitor wherever they go. If you want to see what Disney has to say about these “MagicBands”, you can do so right here.

Our world is becoming stranger with each passing day.

Incredibly, biometric identification is even being used in Africa to keep track of who is being vaccinated…

In fact, some biometric solutions are helping solve vaccine delivery issues in Africa which has been hampered by ineffective tracking and reporting. Today, a biometric vaccination registry helps to ensure that millions of young children receive the vaccine that is needed to save their lives. And by knowing “who” has been vaccinated, these precious life-saving drugs are not wasted by over-vaccinating some and missing others entirely.

This technology is going to keep spreading, and it is going to become harder and harder to avoid it.

And it is easy to imagine what a tyrannical government could do with this kind of technology. If it wanted to, it could use it to literally track the movements and behavior of everyone.

We are already starting to see the establishment of massive biometric databases. One of these is the FBI’s facial recognition database that is a part of their “Next Generation Identification” program. It is being projected that the FBI will have compiled 52 million of our “face images” by the year 2015. Given enough time, eventually I am sure that they would have all of our faces in their computers.

And one day, this kind of technology will likely be so pervasive that you won’t be able to open a bank account, get a credit card or even buy anything without having either your hand or your face scanned first.

When that day arrives, what will you do?

That is something to think about.

Read more at http://investmentwatchblog.com/what-will-you-do-when-you-can-no-longer-buy-or-sell-without-submitting-to-biometric-identification/#UkLFf4KCyTmbFhPU.99

Read Full Post »


WASHINGTON — Senate Democratic Leader Harry Reid collected a $1.1 million windfall on a Las Vegas land sale even though he hadn’t personally owned the property for three years, property deeds show.

VIDEO: Reid land deal may violate rules

In the process, Reid did not disclose to Congress an earlier sale in which he transferred his land to a company created by a friend and took a financial stake in that company, according to records and interviews.

The Nevada Democrat’s deal was engineered by Jay Brown, a longtime friend and former casino lawyer whose name surfaced in a major political bribery trial this summer and in other prior organized crime investigations. He’s never been charged with wrongdoing — except for a 1981 federal securities complaint that was settled out of court.

Land deeds obtained by The Associated Press during a review of Reid’s business dealings show:

•The deal began in 1998 when Reid bought undeveloped residential property on Las Vegas’ booming outskirts for about $400,000. Reid bought one lot outright, and a second parcel jointly with Brown. One of the sellers was a developer who was benefiting from a government land swap that Reid supported. The seller never talked to Reid.

•In 2001, Reid sold the land for the same price to a limited liability corporation created by Brown. The senator didn’t disclose the sale on his annual public ethics report or tell Congress he had any stake in Brown’s company. He continued to report to Congress that he personally owned the land.

•After getting local officials to rezone the property for a shopping center, Brown’s company sold the land in 2004 to other developers and Reid took $1.1 million of the proceeds, nearly tripling the senator’s investment. Reid reported it to Congress as a personal land sale.

The complex dealings allowed Reid to transfer ownership, legal liability and some tax consequences to Brown’s company without public knowledge, but still collect a seven-figure payoff nearly three years later.

Reid hung up the phone when questioned about the deal during an AP interview last week.

The senator’s aides said no money changed hands in 2001 and that Reid instead got an ownership stake in Brown’s company equal to the value of his land. Reid continued to pay taxes on the land and didn’t disclose the deal because he considered it a “technical transfer,” they said.

They also said they have no documents proving Reid’s stake in the company because it was an informal understanding between friends.

The 1998 purchase “was a normal business transaction at market prices,” Reid spokesman Jim Manley said. “There were several legal steps associated with the investment during those years that did not alter Senator Reid’s actual ownership interest in the land.”

Senate ethics rules require lawmakers to disclose on their annual ethics report all transactions involving investment properties — regardless of profit or loss — and to report any ownership stake in companies.

Kent Cooper, who oversaw government disclosure reports for federal candidates for two decades in the Federal Election Commission, said Reid’s failure to report the 2001 sale and his ties to Brown’s company violated Senate rules.

“This is very, very clear,” Cooper said. “Whether you make a profit or a loss you’ve got to put that transaction down so the public, voters, can see exactly what kind of money is moving to or from a member of Congress.”

“It is especially disconcerting when you have a member of the leadership, of either party, not putting in the effort to make sure this is a complete and accurate report,” said Cooper. “That says something to other members. It says something to the Ethics Committee.”

Other parts of the deal — such as the informal handling of property taxes — raise questions about possible gifts or income reportable to Congress and the IRS, ethics experts said.

Stanley Brand, former Democratic chief counsel of the House, said Reid should have disclosed the 2001 sale and that his omission fits a larger culture in Congress where lawmakers aren’t following or enforcing their own rules.

“It’s like everything else we’ve seen in last two years. If it is not enforced, people think it’s not enforced and they get lax and sloppy,” Brand said.

more here

Read Full Post »

Older Posts »

Follow

Get every new post delivered to your Inbox.

Join 998 other followers

%d bloggers like this: