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Interestig...Indy

Robert Velare (Indiana) — Tue, 10 Aug 2010 15:12:43 -0400

United Nations, Alan Greenspan now implicated in $134.5 billion bond scandal

An international investigation of what is certain to be the largest financial fraud in history (involving at least $1 trillion) is now implicating former US Federal Reserve Board Chairman Alan Greenspan and UN Secretary General Ban Ki Moon, according to CIA, MI6, Opus Dei and Interpol sources.

This scandal at the heart of the secret world of global high finance made a brief entry into the public conscious in June, 2009 when two Japanese carrying $134.5 billion worth of government bonds were detained in Italy. The corporate propaganda media wrote about this incident before dismissing it by saying the “bonds were fraudulent.” These corporate so-called journalists failed to follow up on why the Japanese individuals, Watanabe and Yamaguchi, were carrying diplomatic passports. That meant their arrest was illegal and that the Italian authorities did not have the right to confiscate the bonds.

The Italian government tried to sell the bonds to the Chinese government at 40% of their face value but the Chinese said that if they bought the bonds the Italians would also then have to pay back their debts to China. The Italian authorities realized this would bankrupt Italy. Instead, the Italians then asked a Vatican Banker by the name of Daniele Dal Bosco to try to sell the bonds back to their original owners, an organization known as the Dragon Family, at 10% of their face value. The Dragon family refused to buy back their own bonds.

However, Dal Bosco, a member of the Monte Carlo P2 Freemason Lodge, was instead asked by a Dragon Family agent to act as custodian for an additional $1 trillion worth of bonds. These bonds are a combination of Kennedy Bonds, Federal Reserve Notes and Japanese government bonds that the Dragon family was trying to keep out of the hands of the Federal Reserve Board.

High ranking members of the United Nations then approached Dal Bosco and offered him $100 million to hand them the bonds. This transaction was stopped by White Dragon Society agents.

Dal Bosco then absconded with those bonds and turned to an organization known as the Office of International Treasury Control. Using the OITC name, Dal Bosco then tried to cash the bonds with the Vatican, the Italian government and, again, the United Nations.

However, an investigation of the OITC by international criminal authorities revealed the organization to be a sophisticated fraud. The nominal head of the OITC is a Cambodian of royal blood by the name of R.C. Dam. Mr. Dam was at one point recognized as having the nominal rights to a large pool of gold owned by the various royal families of the world. However, these rights have long since been rescinded and the OITC has for years now operated as a fraudulent organization.

UN Secretary Ban Ki Moon has been implicated because the OITC has defrauded at least three countries and an unknown number of individuals by claiming to have UN backing. The UN never, until the current investigation began, denied its affiliation with the OITC. Investigators are now awaiting a formal response from Ban Ki Moon because, they say, he personally tried to help Dal Bosco cash the bonds. The UN, the BIS and the Federal Reserve Board all now say the OITC is a fraud.

Investigators in the US and the UK have now confirmed the two Japanese were fooled by a group headed by Alan Greenspan into bringing the bonds from Italy to Switzerland. Greenspan’s cabal was planning from the very beginning to seize the bonds and cash them.

Many of these bonds are linked to the attempt by former US President John Kennedy to return the money creating powers of the privately owned Federal Reserve Board to the American people. The Feds attempt to get their hands on these bonds and cash them was blocked by an international team of investigators including members of the Japanese Security Police, MI6, the CIA, Interpol, other government agencies and various secret societies including MJ12, the White Dragon Society and certain Freemason groups.

The Vatican is now denying any link to Del Bosco and a representative of Opus Dei told an investigator affiliated with the White Dragon Society that “we will get the bonds back for you but do not ask about what happens to Del Bosco.” Dal Bosco is now believed to be hiding somethere in Italy, probably the town of Negrar outside of Verona.

There is a large international meeting scheduled in Washington at the end of this month to deal with ongoing financial war these bonds are an integral part of. It is looking very much like the end game for the Federal Reserve Board and their puppets in Washington D.C. The nightmare is finally ending

Credit for this info....Ben Fulford...

http://benjaminfulford.typepad.com/benjaminfulford/2010/08/united-nations-alan-greenspan-now-implicated-in-1345-billion-bond-scandal.html

Mmmmm....Indy

Dedicated to Chris Story FRSA

Robert Velare (Indiana) — Sat, 07 Aug 2010 15:41:39 -0400

What You Need To Know About What Happened To Mexico

Salut mes ami...

Before you read the second article below , every American -- Anglo, Latino, Black and Asian needs to know what is really behind the monster that has taken slavemaster's control in Mexico and is bringing dire misery to both Mexican and US citizens. Let this information drive home the point that it is not Mexican peasants coming here to work that is

Let us start with the richest man in Mexico (and, according to Forbes at one point, the richest in the world)



Carlos Helu


In the 1990's while Jewish Mafia "Russian" Oligarchs with the help of Harvard economists were cherry picking all of Russia's privatized wealth from an internally sabotaged socialist goverment that owned all of the means of production, the man who is today counted the world's richest, Carlos Helu, was doing the same thing in Mexico, forced into privitization/liquidation by the contrived peso/debt crisis and under pressure from the World Bank and International Monetary Fund to liberalize its country's economy. A massive giveaway of privatization began, with the government selling off the hundreds of companies that were state-owned assets.

Favored insider Carlos Helu was the appointed cherrypicker. Of course the biggest cherry of all was Telefonos de Mexico (Telmex), the Mexican national telephone company and Carlos got it.

Helu is not simply a speculator. Helu runs his aquisitions according to policy set by City of London globalists -- a crime syndicate for those who don't like to mince words. As soon as Helu was firmly in control of Mexico -- the Mexican drug cartels were replaced with bigger, badder and better armed competitors who always managed to be at the bottom of any list of drug-fighting attention by Mexican authorities.

........
Carlos Salinas............. Raúl Salinas


I should add a few comments about the peso crisis of 1994 -- a time when I was teaching a college course in money and banking and following these events in the Wall Street Journal, New York Times and Investors Business Daily. The crisis was the result of Mexican President Carlos Salinas giving the Mexican economy a gigantic government debt-financed economic stimulus and a catastrophic mal-investment spending spree, and then leaving office for his successor to face the problem when it all came crashing down. (Note: Before becomine president of Mexico, Salinas had been behind a behind the scenes insider in the Budget Secretariat. Two days before he was elected the when the new electronic voting system crashed on the day of the election. When the system was restored, low and behold, Salinas was the winner.) With the stimulus credit was extended with little heed of how borrowers could continue to meet debt payments once the one-time stimulus eventually leaked through the cracks and there was no way of getting more. Salinas killed the good times with an overdose -- and he killed any of Mexico'sremaining freedom from Rothschild domination at the same time. Also, Salina's brother, Raúl, was convicted for murder, but also of laundering into accounts at, Citibank Zurich, Julius Baer Bank, and Banque privée Edmond de Rothschild (where Soros got his start in hedge funds) in Geneva and Zurich, and The bank accounts were held at Pictet & Cie. The Swiss government and court have determined that the bulk of Raul's over $100 million in Swiss accounts, held in ficitious names, is protection money paid by the drug cartels. Citibank helped Raul Salinas move tens of millions of dollars out of Mexico into foreign accounts.




wiki: "Raúl was close to his younger brother Carlos, and the two did much together. They shared many experiences, including the execution-style killing of a twelve-year-old household maid with a .22 caliber rifle on December 17, 1951, when they were five and three years old, respectively. The killing was ruled an accident."

Although I cannot find any clippings or notes about it now -- I remember at the time reading in the one of the newspapers mentioned above that Salina's brother was a member of a strategic institution on Wall Street -- one connected to the Rockefeller banks -- where it was clear to me that he was a go-between serving his brother and the Rockefeller/Rothschild interests. I wish to heck I could remember that detail.

And here is one more item. Anti-corruption politician José Francisco Ruiz Massieu in Salinas's own party was about to assume position of Congress majority leader during Salinas's term as president. Ruiz was shot by a semi-literate farm worker who when confessed information that led to the arrest of several co-conspirators.

Salinas appointed the dead man's brother, Mario Ruiz Massieu, to head (figurehead) the investigation. From wiki: "His investigation uncovered a massive conspiracy, by all appearances originating from the country's ruling political party. But when a key source in the investigation mysteriously disappeared, Mario Ruiz Massieu publicly accused the PRI of blocking his investigation on November 15, 1994. Following the statement, confidence in the party and in the government as a whole plummeted, both nationally and internationally, and $1.5 billion of foreign investment left the country on the following day. Mario Ruiz Massieu resigned officially on November 23, 1994.

I hope you get the picture.

Now you are ready to read the next item:

(2)

http://www.taipanpublishinggroup.com/american-wealth-


'Too Big to Jail' - How Big Banks
Are Turning Mexico Into Colombia

As if the megabanks hadn't done enough, fresh evidence shows their hand in making Mexico a narco-state.

By Justice Litle


The Dogs of War
are men of hate...
With no cause,
We don't discriminate...
- Pink Floyd, "Dogs of War"


Ah, Megabanks, how we love thee. Let us count the ways... Like clockwork, you create a new crisis every five to seven years or so with your greedy, pig-headed lending. You routinely cover your tracks with torrents of lobbying cash poured into Washington. In the subprime mortgage crisis and the financial meltdown that followed, you nearly succeeded in blowing up the global economy. And then, in the aftermath, you arranged one of the greatest swindles ever, getting the system to make you whole again (via taxpayer blood and treasure) even as a majority of Americans suffered.

The above is plenty of reason to be disgusted, one could fairly conclude. But as that legendary pitchman Ron Popeil likes to say: "But wait - there's more!"

Now we learn that, joy of joys, plundering and pillaging the rotten financial system was not enough for these men. They also saw fit to directly fuel the Mexican cocaine trade... knowingly aid in the laundering of billions, even tens of billions, in bloody drug money... and do their part in helping turn Mexico into Colombia, a struggling developing world country slowly descending into the hell of a narco-state.

Black Suitcases and a DC-9

A recent issue of Bloomberg Markets magazine ran a deeply unsettling story titled "Wachovia's Drug Habit."
The story opens with the seizure of a DC-9 jet loaded up with "128 black suitcases, packed with 5.7 tons of cocaine," good enough for a street value of $100 million.

"Law enforcement officials also discovered something else," Bloomberg Markets magazine reports. "The smugglers had bought the DC-9 with laundered funds transferred through two of the biggest banks in the U.S.: Wachovia Corp and Bank of America Corp"...

"This was no isolated incident," the story adds. "Wachovia, it turned out, had made a habit of helping move money for Mexican drug smugglers. Wells Fargo & Co., which bought Wachovia in 2008, has admitted in court that its unit failed to monitor and report suspected money laundering by narcotics traffickers - included the cash used to buy four planes that shipped a total of 22 tons of cocaine."

Blind Eye, Greedy Eye

Narcotics is big business in the United States. According to the U.S. Justice Department,, Bloomberg reports, "the cartels have built a network of dealers in 231 U.S. cities from coast to coast, taking in about $39 billion in sales annually."

Thirty-nine billion is some serious dough. You don't move that kind of cash without the help of your friendly megabanker.

"It's the banks laundering the money for the cartels that finances the tragedy," says Martin Woods. "If you don't see the correlation between the money laundering by banks and the 22,000 people killed in Mexico, you're missing the point."

And just who is Martin Woods, you ask? He is the former head of Wachovia's anti-money-laundering unit in London. Woods is no longer in that role, having quit his job in "disgust" as higher-up executives ignored his documentation of the drug-money funneling process.

The profits from quietly washing that $39 billion clean were too big to pass up... and so the banks turned a blind eye instead.

The list of banks with questionable connections to the multibillion-dollar drug trade sounds like a "who's who" of financial might: Wachovia (now Wells Fargo). Bank of America. American Express Bank International. HSBC Holdings. Citigroup. Banco Santander. Western Union. There are probably more...

Too Big to Jail

"No big bank - Wells Fargo included - has ever been indicted for violating the Bank Secrecy Act or any other federal law," says Bloomberg. "Instead, the U.S. Justice Department settles criminal charges by using deferred-prosecution agreements, in which a bank pays a fine and promises not to break the law again."
In plain English, "Too Big to Fail" has become "Too Big to Jail." The megabanks are seen as too important to the health and functioning of the U.S. financial system to risk hitting them with criminal charges.
Perversely, the current setup actually reinforces criminal activity. When breaking the law results in a small financial fine, it doesn't take long before the fine is seen as a simple "cost of doing business." The megabanks, protected as they are from on high, are thus encouraged to do whatever they please and take their slap on the wrist later.


A Descent Into Hell

Roughly a month ago, Rodolfo Torre was ambushed and gunned down on a rural Mexican highway. Torre was the clear front-runner in a bid to become governor of Tamaulipas, a Mexican state bordering Texas. Along with Torre, his chief of staff, campaign chief and bodyguard were also killed.
This happened just across the border. Just imagine if a U.S. political candidate running on a strong anti-trafficking platform were hunted down.

In fact, we may not have to imagine at all, because a similar threat has arisen in Arizona... Joe Arpaio, the Sherriff of Maricopa County, Ariz., now has a $1 million bounty on his head. It was placed there by a Mexican drug cartel, Fox Phoenix reports. Do you think the cartel really has the money? I do. I wonder how they got it...

The number of people killed in the never-ending drug war continues to escalate. By some estimates 22,000 has become 25,000. Less than a week ago, four journalists were kidnapped. Attempts by the local police force to stand up to gang threats result in people's heads in baskets. Mexican pop singers who compose song ballads to drug barons, known as narcocorridos, are gunned down in cold blood when a rival baron gets offended. The Mexican Army, supposedly fighting the gangs, has gotten so out of control as to become a source of local terror themselves.

Mexico is on the way to becoming a failed state, or rather, a narco-state. The war on drugs has been completely and irrevocably lost. We are at the point where further efforts to "crack down" only serve to increase the profits of the cartels by raising the street value of various illegal substances. And the money poured into drug-fighting enforcement measures by both the U.S. and Mexican governments only serves to increase the size and frequency of violent, bloody shootouts.

Meanwhile, the dogs of war - i.e. the 'Too Big to Jail' banks - casually sit back and help fund it all.

===========================



Leon Trotsky (born Lev Davidovich Bronstein -- Zionist and Communist -- leading butcher of the Bolshevik Revolution who later, after breaking with Stalin, planned the gradual subversion, degradation and overthrow of American bourgeois society from his stronghold in Mexico until a day in 1940 when Ramon Mercader put an ice pick through his skull. )

Trotsky said of Russia:

" - We should turn Her (Russia) into a desert populated with white Niggers We will impose upon them such a tyranny that was never dreamt by the most hideous despots of the East. The peculiar trait of that tyranny is that it will be enacted from the left rather than the right and it will be red rather than white in color."

August 6, 2010

www.rense.com/general91/mexx.htm

FULFORD: Christopher Story murdered, other journalists targeted in new fascist campaign

Robert Velare (Indiana) — Thu, 05 Aug 2010 15:53:50 -0400

Salut mes ami...

We

ekly Geopolitical News and Analysis100802: The criminal cabal is creating incidents everywhere in a bid to start martial law in the West

What do North Korean nuclear threats, US military wiki-leaks, harassment of journalists, trouble on the Columbia/Venezuela border, attacks on Chinese oil pipelines, Japanese tankers and other oil facilities all have in common?

The answer is they are all desperate maneuvers by criminal Western oligarchs hoping to start World War 3 and keep themselves in power via martial law. It is also a symptom of the extreme, desperate power struggle now unfolding in Washington D.C. Although some are hoping for imminent announcements the nightmare has ended, this struggle is likely to continue into the autumn and possibly beyond.

Weekly Geopolitical News and Analysis

Christopher Story murdered, other journalists targeted in new fascist campaign

Prominent veteran financial journalist Edward Harle (working under the pen name Christopher Story) wrote before his recent death that George Bush Senior, Barak Obama and other members of the criminal Washington D.C. establishment had ordered him killed.

Story was poisoned during a March, 2010 visit to the US with a virus created by the Fort Meade biological warfare facility, according to close associates of Story who spoke to him the day before his July 14th death. Although there exists an antidote for this virus, Story was unaware he was poisoned with it until recently by which point his liver damage had progressed too far for treatment, according to the sources.

Although Story is now dead, his sources will continue to provide the public with vital information about the secret financial war that is now raging towards its conclusion. The murder of Story will not go un-avenged, according to several sources inside the U.S. and UK military-industrial complex.

The murder of Story is part of a broader, but doomed campaign to silence journalists. Jane Burgermeister, who did much to expose the pharmaceutical industry’s involvement in the creation of the H1N1 virus, contacted this writer today saying she feared for her life. She is the victim of systematic harassment by Austrian security service thugs and their corporate/government bosses.

This writer has also been the target of multiple murder attempts. The same cabal that killed my colleague Paul Klebnikov (the former Forbes Moscow Bureau Chief) and killed Daniel Pearle of the Wall Street Journal, has been systematically murdering journalists around the world as a part of their effort keep in power and fool the public with their fake “war on terror.”

Below is a copy of Christopher Story’s last report. There has been a systematic effort to remove this report from the internet so please disseminate it far and wide.

Below that you will find a copy of an e-mail from Jane Burgermeister.

Below that, you will find a list of the members of the Knights of Malta, who are a major part of the criminal cabal that is trying to turn Western Civilization into a fascistic dictatorship. When the White Dragon roars, their reign of terror will finally end.

Edward Harle’s (Christopher Story’s) last report:

(Report in full below)

Edward Harle’s (Christopher Story’s) last report:

U.S. CADRES TOO COWARDLY, WEAK AND FECKLESS TO ARREST BUSH SR. FOR FINANCIAL TERRORISM AND OPEN-ENDED WANTON MAFIOSO SABOTAGE

Saturday 10 July 2010 00:01

NEW INFORMATION:

BELOW:

CIA/MI6.OBAMA/BUSH SR./CHENEY ORDERED CHISTOPHER STORY’S ASSASSINATION

AND ARE SUPRISED AND TERRIFIED THAT HE IS NOT DEAD

OBAMA AND BUSH ‘SPOKEN TO’ BY MEN WITH GUNS

• When ‘President’ Barack Hussein Obama touched down on the White House Lawn at 5:30pm on 9th July, he was ‘spoken to’. Enquiries by this service confirm that those doing the ‘speaking’ were not Secret Service operatives. On the contrary they were men with guns.

• Within the past 24-30 hours, private citizen George Godfather H. W. Bush Sr. has likewise been ‘spoken to’ twice. The people doing the ‘speaking’ were men with guns.

• The Chinese have had enough and are ready to take drastic lethal measures.

• Private citizens George H. W. Bush Sr. and Neil Bush think they are immortal and can take the loot they are blocking to the grave.

• Obama, who answers to the private citizen George H. W. Bush Sr., is saying he’s a ‘national citizen’. In order to be President of the United States, under the Constitution and the Soldiers and Sailors Act, you have to be a NATURAL citizen born in the United States or born in a US military family serving abroad.

CIA/CHENEY/MI6/OBAMA/BUSH SR. HAVE ATTEMPTED

TO ASSASSINATE CHRISTOPHER STORY

A detailed report on this assassination attempt and the horrible illness inflicted on the Editor as a consequence will be published as soon as feasible.

•We now have proof that the CIA/MI6/Obama/Bush/Cheney issued an assassination order against this Editor. We have proof that they are suprised that the Editor is not dead.

••••••••••••••••••••••••••••••••••

• THE WHOLE WORLD AT THE HIGHEST LEVEL KNOWS IN DETAIL ABOUT THIS U.S. CORRUPTION AND CRIMINAL FINANCIAL TERRORISM CRISIS, NOT LEAST FROM THIS WEBSITE. THEY RIGHTLY REGARD THE UNITED STATES AS AN ARROGANT, RUTHLESS PARIAH STATE THAT IMAGINES IT CAN DO WHAT IT PLEASES AS IT DESTROYS ITSELF

• LIENHOLDERS HAVE SEIZED CONTROL OF BANK OF AMERICA, CHARLOTTE, NC., AND OF DEUTSCHE BANK, FRANKFURT AND HAVE CLEANED OUT THE SABOTEURS: SEE BELOW

• HER MAJESTY THE QUEEN SIGNED THE NECESSARY PAYOUT DOCUMENTS, AS EXPECTED, DURING HER VISIT TO NEW YORK. SHE WAS DOUBLE-CROSSED BY BUSH SR.

• SEE KEY POINTS BELOW AND CONFIRMATION IN ATTORNEY-AT-LAW A. CLIFTON HODGES’ LETTER TO THE BRITISH CHANCELLOR OF THE EXCHEQUER, GEORGE OSBORNE, DATED 8TH JULY 2010. THIS LETTER CONFIRMS ALL OF THE KEY POINTS OUTLINED BELOW.

••••••••••••••••••••••••••••••••••

MISPRISION OF FELONY: U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4:

‘Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some Judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both’.

‘Seeing what’s at the end of one’s nose requires constant effort’. George Orwell.

• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports on the US/German/French official criminality underlying this crisis.

• BOOKS: Edward Harle Limited has so far published FIVE intelligence titles: The Perestroika Deception, by Anatoliy Golitsyn; Red Cocaine, by Dr Joseph D. Douglass, Jr.; The European Union Collective, by Christopher Story; The New Underworld Order, by Christopher Story; and The Red Terror in Russia, by Sergei Melgounov. All titles are permanently in stock.

• By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and ‘politically incorrect’ [i.e., correct] intelligence books online.

• CMKM/CMKX CASE DOCUMENTS:

Press Archive for this report [29th January 2010]

Case Number CV10-00031 JVS (MLGx):

SERVICE OF CMKM.CMKX $3.87 TRILLION SUIT VS. S.E.C.

You can also access the CMKM/CMKX text at: http://viewer.zoho.com/docs/paKdda

The biggest lawsuit in world legal history: The phantom share giga-scandal.

••••••••••••••••••••••••••••••••••

• OUR U.S. LANDLINES ARE NOW PERMANENTLY CLOSED BECAUSE OF U.S. HARASSMENT.

WE CAN BE CONTACTED VIA EMAIL, UK FAX OR VIA THE WEBSITE ‘CONTACT US’ FACILITY.

••••••••••••••••••••••••••••••••••

• FOR LATEST INFORMATION ON OUR INTELLIGENCE PUBLICATIONS, SEE SECOND PANEL.

••••••••••••••••••••••••••••••••••

EMAIL POLICY: All anonymous emails from parties who are too wet and scared to provide their full coordinates as required by our ‘Contact Us’ facility are trashed unread. All uncouth, New Age, rude, discourteous, blasphemous, satanic, goss, filthy and otherwise objectionable emails, including ignorant rants promoting ‘Black’ revisionist claptrap about e.g. the British Monarchy ‘owning’ America and other old Nazi ‘Black’ propaganda emanating from the CIA’s massive lie and disinformation apparat, are trashed. For many years this website has carried a statement at the foot of the reports stating in crystal clear English that we will NOT enter into correspondence concerning the current and earlier reports posted on this website.

• We use simple, plain English so that people can understand what we say.

• We correspond with known and trusted correspondents only. Stray questions about of the blue on matters connected with the Settlements are not answered.

As you can see from the above, we have closed down all our communications because of interminable and intolerable harassment from the United States. We have also added a large number of parties to our ‘Black List’ so that their incessant emails bounce.

•••••••••••••••••••••••••••••*

NEW REPORT STARTS HERE:

• KEY POINTS:

• The Lienholders exercised a foreclosure and management takeover on Friday 2nd and Saturday 3rd July 2010 of Deutsche Bank, Frankfurt, Germany and of Bank of America, Charlotte, NC. They took this action due to ongoing sabotage by the US official keptocracy.

• They immediately removed people in both banks working for the saboteurs and opponents of the necessary resolutions and cleared derivatives (toxic debt) off the balance sheets.

• This took Deutsche Bank out of the control of Bush Sr.’s agent [see earlier reports: Archive], Chancellor Angela Merkel, and the saboteurs in Germany.

• Likewise they took the CIA’s compromised Bank of America out of the control of the corrupt bankers and CIA saboteurs in the United States.

• Her Majesty The Queen signed the necessary authorities for the Refunding Programme, the Loan Facility and other necessary papers during her visit to New York, as expected.

• As a result of the above the necessary funds were available for distribution

on Tuesday 6th July 2010.

• As usual, George Bush Sr. interfered, as a consequence of which the Chinese parties had a ‘talk’ with the corrupt, demonic Godfather Bush Sr.

• By 7th July (Wednesday) a full meeting of Compliance Officers had taken place and the parties were again said to be prepared to initiate the transfers.

• Whereupon the corrupt Leon Panetta, Director of Central Intelligence (CIA), pathetically following ‘instructions’ issued by a private citizen named George H. W. Bush and issued to his poodle in the White House, the gutless Barack Hussein Obama, issued instructions to banking authorities the ‘placate but do not pay’ (accounting for the immediate lies summarised below), thus ‘preventing’ the feckless and terrified banking authorities from making any transfers.

• Bush Sr.’s poodle, Barack Hussein Obama, is too weak and lacking in backbone to grasp that Bush Sr.’s threats [see below] are BLUFF. He lacks the spine to stand up to this crook and face him down, which is the only way to deal with these possessed ‘Black’ US Nazi operatives, as we have amply demonstrated on this website

• On 7th July, the Chinese authorities then had another talk’ with Bush Sr., as a consequence of which the payout procedures were put back in place on that date, to start up at 3:00pm EDT..

• Having thus lied as usual to the Chinese parties, private citizen Bush Sr. contacted Barack Hussein Obama and INSTRUCTED HIM not to allow the release of the funds.

• In that telephone call to the White House, Bush Sr. also threatened that if Obama authorised release of the funds, Bush Sr. would go to the Supreme Court and have Obama’s Presidency terminated’ [see earlier reports, notably the Biden comment on this score].

• As a consequence, the terrified and gutless Obama obeyed the private citizen George H. W. Bush and the agreed-upon payout of the Settlement funds has not taken place.

• Michael C. Cottrell, BA, M.S., was duly advised on Tuesday 6th July that the preliminary payment due to him would be satisfied on that date and that the Loan Facility would be in place on Thursday 8th July 2010.

• On Friday 9th July ‘the word went out’ that Mr Cottrell was not to be paid, the opposite of what had been categorically stated earlier.

• The payments agreed to and set out in the Basel List have not been affected as a direct consequence of this sabotage.

• Given the above, Gold Badges, US Law Enforcement, the corrupted US military under the former CIA Director Robert Gates, et al., are all in continuing dereliction of their duty in failing to arrest and lock up the Financial Terrorist George H. W. Bush Sr., either because they, like Joseph Biden, are all blackmailed and compromised, or because they fear that Mr Bush Sr.’s thuggists will murder them, and because they lack the intelligence to understand that Bush Sr.’s behaviour amounts to nothing more than the familiar childish, weak Psy-Ops BLUFF and bullying overfamiliar to students of the Mafiosi Godfathers, of which this criminal is the most ruthless and dangerous operative alive today.

• US law enforcement, Gold badges, feckless CIA operatives, cloth-eared, arrogant and corrupt US military cadres have accordingly dragged the reputation of the United States below sewer level in the eyes of all in the know at highest levels worldwide, with their gutless behaviour.

• Everyone who is anyone in positions of relevant importance worldwide is fully aware of this scandalous state of affairs, not least from this website, which has enormous clout ‘where it matters’. They had better exercise their powers to put an end to what is undoubtedly the biggest financial terrorism and corruption crisis in world history.

••••••••••••••••••••••••••••••••••

LETTER FROM ATTORNEY-AT-LAW A. CLIFTON HODGES TO GEORGE OSBORNE,

BRITISH CHANCELLOR OF THE EXCHEQUER: 8TH JULY 2010

HODGES AND ASSOCIATES

A PROFESSIONAL LAW CORPORATION

4 EAST HOLLY STREET

SUITE 202

PASADENA

CA 91103

Telephone: (626) 564-9797

Facsimile: (626) 564-9111

A. Clifton Hodges

James S. Kostas

Donald W. Ricketts*

*Of Counsel

July 8th, 2010

MOST URGENT

Sent Via E-Mail and Facsimile

The Right Honorable George Osborne, MP

Chancellor of the Exchequer

HM Treasury

Horse Guards Road

London SW1A 2HQ

Fax No. 020 7270 4580

Re: U.S. Dollar Refunding Project

Dear Honorable George Osborne:

I write to you once more in furtherance of matters raised in my prior correspondence of June 25, 2010; I understand that you have received instructions regarding my approach, and the various points raised in my earlier messages. Your assistance is most urgently required in addressing these matters, and the apparent disavowal of earlier agreements made and reaffirmed at previous G-8 meetings concerning the U.S. Dollar Refunding Project. I write on behalf of my clients Michael C. Cottrell, B.A., M.S., of Erie, Pennsylvania, USA, and his corporations: Pennsylvania Investments, Inc., registered in the Commonwealth of Pennsylvania, and Cottrell Securities Limited, registered in England and Wales.

The events of the past week are difficult to understand, and impossible to tolerate. I am advised and understand that the Lienholders executed a foreclosure and management takeover Fri-Sat 2-3 July of Deutsche Bank in Frankfurt, Germany, and of Bank of America in Charlotte, NC.

They “cleaned out” both banks of people working for the opponents and cleared toxic debt [including derivatives] off the bank balance sheets. Accordingly, they took DB out of the control of Angela Merkel and opponents in Germany, and they took BOA out of all possible control by the opponents in this country. As a result of these actions, it was expected that the World Global Settlement funds could be distributed this week.

These funds were available for distribution on Tuesday, July 6. Because George Bush Sr. was initiating interference, the Chinese authorities then had a “talk” with Bush Sr. By Wednesday afternoon a full Compliance Officer meeting had been conducted, and the appropriate parties were again prepared to initiate the transfers when Mr. Leon Panetta, pursuant to instructions from President Obama and George Bush Sr. issued instructions to the banking authorities to “placate but do not pay”; this prevented the authorities from making any such transfers. I am advised that the Chinese authorities then had another “talk” with Bush Sr., and all was ready again on today, July 7, and set to commence @ 3:00 PM EDT.

At approximately 3:00 PM EDT, I am told by several sources, George Bush Sr. apparently contacted President Obama and instructed him not to allow release of the funds. Bush Sr. then advised the President that if the funds were released, Bush would “go to the Supreme Court and have Obama’s Presidency terminated”. In accord with these instructions, the payout of the World Global Settlement funds has not proceeded.

THE PAYMENTS PREVIOUSLY AGREED TO AND SET FORTH ON THE BASEL LIST HAVE NOT BEEN MADE AS A DIRECT RESULT OF THESE CONTINUED DELAYS. Direct intervention through your good offices on behalf of the Royal Monarchal Power, is absolutely required to bring this matter to conclusion. To secure release of these Settlement funds, it is imperative that your power as one of the U.S. Treasury Lienholders, be exercised with such force as may be required to effect completion.

I respectfully plead that you utilize the inherent Royal Monarchal Power at the earliest possible moment to ensure completion of this funding. Thank you in advance for your assistance; please contact me directly if I can provide any additional information or help.

Sincerely,

HODGES AND ASSOCIATES

A. CLIFTON HODGES

ACH/gm

Cc: Lindell H. Bonney, Sr.

Colonel Dana Wilcox

Michael C. Cottrell, BA, MS

President Barack Obama

Her Majesty Queen Elizabeth II

Interpol, USNCB

••••••••••••••••••••••••••••••••••

THE FOLLOWING DATA HAS BEEN PUBLISHED AT THE FOOT

OF MOST OF THESE REPORTS FOR THE PAST THREE YEARS++:

• COMPILED BY U.S. SECURITIES EXPERT MICHAEL C. COTTRELL, B.A., M.S..

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”.

Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Hauppauge:

Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS

HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:

• NASD Rule 3120, et al.

• NASD Rule 2330, et al

• NASD Conduct Rules 2110 and 3040

• NASD Conduct Rules 2110 and IM-2110-1

• NASD Conduct Rules 2110 and SEC Rule 15c3-1

• NASD Conduct Rules 2110 and 3110

• SEC Rules 17a-3 and 17a-4

• NASD Conduct Rules 2110 and Procedural Rule 8210

• NASD Conduct Rules 2110 and 2330 and IM-2330

• NASD Conduct Rules 2110 and IM-2110-5

• NASD Systems and Programme Rules 6950 through 6957

• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:

• Annunzio-Wylie Anti-Money Laundering Act

• Anti-Drug Abuse Act

• Applicable international money laundering restrictions

• Bank Secrecy Act

• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]

• Currency and Foreign Transactions Reporting Act

• Economic Espionage Act

• Hobbs Act

• Imparting or Conveying False Information [Title 18, USC]

• Maloney Act

• Misprision of Felony [Title 18, USC] (1)

• Money-Laundering Control Act

• Money-Laundering Suppression Act

• Organized Crime Control Act of 1970

• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States

• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]

• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]

• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]

• Securities Act 1933

• Securities Act 1934

• Terrorism Prevention Act

• Treason legislation, especially in time of war.

••••••••••••••••••••••••••••••••••

NOTICES:

BEWARE OF MALICIOUS IMITATIONS: It has come to our notice that certain websites have been in the habit of copying reports from this site, attributing the reports to the Editor of this service, but at the same time INSERTING TEXT NOT WRITTEN BY THE EDITOR.

• This is a very old, malevolent US counterintelligence DIRTY TRICK.

Therefore, you should be advised that the GENUINE ORIGINAL REPORT is, by obvious definition, accessible ONLY FROM THIS WEBSITE. If you come across an article elsewhere that is attributed to the Editor of this service, you should refer to the ORIGINAL ARTICLE HERE and you should bear in mind that the illegally duplicated article may contain text that was NOT written by the Editor of this service, but which was inserted for malicious purposes by counterintelligence.

Likewise, although we haven’t yet had time to elaborate this issue, we have taken drastic steps around the world to close off the malicious piracy of our books. One technique used by several disreputable sites (in the United States, the Netherlands and Switzerland) is to copy our title(s) and (a) to display an image of the front cover WITHOUT THE ISBN DATA at the top of the cover; and (b) to DELETE THE COPYRIGHT PAGE.

In so doing, the criminal pirates proclaimed that they knew perfectly well that they were/are engaged in theft and can be prosecuted for stealing copyright.

••••••••••••••••••••••••••••••••••

• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.

We are a private intelligence publishing house and have no connections to any outside parties including intelligence agencies. The word ‘intelligence’ on this website and in all our marketing material is used for marketing/sales purposes only and has no other connotations whatsoever: see ‘About Us’ on the red panels under the Notes on the Editor, Christopher Story FRSA, who has been solely and exclusively engaged as an investigative journalist, Editor, Author and private financial and current affairs Publisher since 1963 and is not and never has been an agent for a foreign power, suggestions to the contrary being actionable for libel in the English Court.

________________________________________

Jane Burgermeister’s most recent e-mail:

The Austrian government’s and Big Pharma’s ludicrous agenda to frame Jane Burgermeister and get her jailed has now reached a new level.

Anyone who thought that judges and prosecutors in Austria are not capable of the most blatant mafia methods to set up critics of the swine flu vaccination campaign for arrest needs to think again.

The state prosecutor for corruption Mag Katja Wallenchewski sent me a letter yesterday as part of a blatant attempt to switch the criminal charges I filed on July 23 with documented evidence of file manipulation and corruption of Austrian judges and replace them with a completely different set of charges I never filed and which belong to a total stranger.

According to Wallenschewski’s letter dated July 27th, the criminal charges of complete strangers – two people called Christine Cote and Heiner Lohmann -- are listed under my name and under my file number.

You have to read the small print on page 2 to find out that the letter informing me that the prosecutors office has dropped the criminal charges against the Judge Michaela Lauer actually refers to completely different criminal charges altogether – namely to the charges of someone called Christine Cote filed on July 5th as well as of a Heiner Lohmann filed on 15 July.

http://wakenews.net/Brief_Seite_1.JPG

http://wakenews.net/Brief_Seite_2.JPG

http://wakenews.net/JMBurgermeisterStaatsanwalt100730.pdf

So why am I getting the letter? What have their charges got to do with me and my file number?

It can be assumed that these criminal charges by total strangers are now filed under my name while my own criminal charges have been switched over to their file or another file.

To send me a letter informing me that the criminal charges of totally unknown people have been dropped is in itself a serious error at best because a third party should never be informed about the status of the charges filed by others.

Googling around, I found out that Christine Cote appears to have run an eccentric swine flu vaccine site that has also been critical of me. I tried to email her at Christine.cote@aon.at yesterday but the email bounced. No one answers a number listed under that name in Vienna or replies to messages left on the answerphone.

My bet is that these criminal charges by Christine Cote and Heiner Lohmann against Judge Michaela Lauer are full of violent threats and hysteria and so will offer the perfect excuse for the Austrian police to arrest me any time. Certainly, this pair of "swine flu activists" have never ever contacted me.

My own set of charges with the stamp of the prosecutors office confirming I handed them in on July 23rd are very factual: every single allegation of corruption and file manipulation is well documented as anyone can read at this link:

http://wakenews.net/anzeige-jb.pdf

I also filed appeals in civil courts in Vienna on July 5th and July 9th documenting the evidence of systematic corruption by Judge Lauer in connection with the inheritance of my father and the court custody of my aunt as can be seen under the link:

http://wakenews.net/Appeal_Father_1.pdf

http://wakenews.net/Appeal_Father_2.pdf

http://wakenews.net/Appeal_Father_3.pdf

http://wakenews.net/Appeal_Father_4.pdf

http://wakenews.net/Appeal_Father5.pdf

http://wakenews.net/html/burgermeister-rekurs-dok_.html

I am happy to send anyone pdf copies myself if the above links don’t work.

The systematic corruption is so well documented by me, in fact, that the Austrian judges are obviously getting very worried and having to resort to this blatant frame up and maneuver to get me jailed or under custody.

As soon as a criminal charges with threats against a judge are put into my file, even if it is a blatant error by the prosecutor, the police can be sent to arrest me and at literally any moment.

I have not seen Christine Cote’s and Heiner Lohmann’s charges against Judge Lauer but they probably confirm every cliché about conspiracy swine flu theorists as lunatics.

In fact, the claims I made from the beginning about the swine flu pandemic being hyped by the pharmaceutical companies have been substantiated by bodies such as the widely publicized report by UK MP Paul Flynn at the Council of Europe Parliamentary Assembly at the beginning of June -- http://www.bbc.co.uk/news/10396382 -- as well as the prestigious British Medical Journal.

Deborah Cohen (BMJ features editor) and Philip Carter document in a June 3rd report how scientists who convinced the World Health Organization (WHO) to declare swine a global pandemic level 6 emergency have close financial ties to the drug companies that profited from the sale of those vaccines .

http://www.bmj.com/cgi/content/full/340/jun03_4/c2912

Even the corporate mainstream media that played an instrumental role in hyping the virus has printed reports saying that the pandemic was exaggerated. Der Spiegel published a report called the “Chronology of a hysteria” in March 2010.

http://www.spiegel.de/spiegel/print/d-69407395.html

Der Spiegel also reported on the Bilderberg meeting in Spain in June 2010.

http://www.spiegel.de/politik/ausland/0,1518,698844,00.html

Far from being a crazy conspiracy theorist, I have thoroughly documented the claims I have made thanks to my background as a science journalist who has been working for years for publications such as Nature:

http://www.nature.com/climate/2007/0708/full/climate.2007.35.html

http://www.nature.com/bioent/bioenews/122004/full/bioent841.html

http://www.nature.com/bioent/2004/040901/full/bioent827.html

http://www.nature.com/bioent/bioenews/102004/full/bioent833.html

the British Medical Journal. See, for example,

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC214077/

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC214066/

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC1125282/

http://www.ncbi.nlm.nih.gov/pmc/articles/PMC261767/

Reuters

http://www.reutershealth.com/en/index.html

The Scientist

http://www.the-scientist.com/search/search_results.jsp?cx=003264466409666250718%3Aqrpes37jcpu&cof=FORID%3A11&q=jane+burgermeister&sa=Search&siteurl=www.the-scientist.com%2F#926

As well as the Guardian, the European Voice and American Prospect and many other publications.

But before the next mass vaccination campaigns or pandemics are launched, effective investigative journalists who document the corruption of WHO and national governments have to be removed and the internet censured.

They have to be framed by an elaborate process involving judges and state prosecutors interacting with “swine flu” activists”.

Ever since I filed charges against Baxter at the beginning of April 2008, presenting evidence that the contamination of 72 kilos of seasonal flu with the bird flu virus – supplied by WHO – had been deliberate given the fact the laboratories have to follow strict biosafety level 3 regulations, I have been hounded by the government.

I have also been ridiculed by much of the corporate mainstream Austrian media. But then again, every journalist in Austria working for Austrian media still needs a government license!

The same media were largely silent about the Baxter incident and also about that the fact the Vienna state prosecutor had ordered an investigation into Baxter’s contamination of the vaccine material, although the charges were dropped in September 2009 just in time for Baxter to get its approval for its swine flu jab.

I soon felt the wrath of the government after filing charges on the Baxter incident in April 2009. I had to take legal action in May 2009 against the same Judge Lauer at the court in Hietzing for the way she tried to smear me and exclude me from the court guardianship of my father, who ended up dying on October 23,2009 in a hospital in Hietzing in which the Rothschild family through a foundation still play an active role .

I stated in my criminal charges Lauer might be working for the shadowy Bilderberg network and Big Pharma and asked for an investigation. But the very same Mag Wallenschewski who is now trying to frame me as a crazy swine flu conspiracy theorist also play

Seeing failure in a different way

Lynn — Wed, 17 Mar 2010 18:12:43 -0400

Most successful internet marketers will admit to the fact it took time and effort to get where they are today, and that they had plenty of failed marketing attempts along the way. The chances are it will happen to you too. But you don’t have to view unsuccessful attempts to make money online as failures; you can choose to look at them in a different light.

There are a great many ways of making money online, and each one comes with its own learning curve. Some marketing techniques will suit you more than others, but you may have to try a few until you discover which. Does that mean you have failed if you move on and leave some methods behind? I don’t believe so.

Think of these early attempts at internet marketing as a stepping stone to future success, rather than failures. A method didn’t work for you, but you weren’t to know that until you tried. The fact that you have tried and moved on – but only if you have genuinely tried, not made a half-hearted attempt - shows tenacity and a willingness to keep learning.

While you’re going through this process you will be learning so much. From technicalities like setting up websites, to marketing techniques such as traffic generation - it will all end up in your head. One day, it will dawn on you that you’re no longer a newbie struggling with the basics, but someone who has a great deal of knowledge about online business. And your past efforts will have led to today's success.

Affiliate Power

GT — Wed, 17 Mar 2010 14:15:51 -0400

Hello, My Telekinetic Marketing Friends!

I've been promising to start this Affiliate Marketing blog for several weeks — I guess I'd better just do it, right?

The intended purpose is to focus on and highlight the process and benefits of home-based Affiliate Marketing on the Internet.

The title of this blog is "Affiliate Power" which reflects the name of the new website I launched a few weeks ago, Affiliate Power Central (APC).

APC is the product of an affiliate program called My Affiliate Power Site (MAPS). Interested parties can find more information about that on the APC site. And I will likely write something more about it in a future post.

The MAPS sites are built on a WordPress platform, which means they are easily customizable. I have made a few changes to my site, but I've been too busy to do anything significant as yet. It will come, in time.

My plan for the APC site is to gradually add info and resources of interest to Internet and Affiliate Marketers.

My plan for this TM blog thread is to introduce my interest and activity in Affiliate Marketing and to offer tips and insight into the process of Affiliate Marketing.

The bottom line for me and for you is to learn and practise the best ways to earn home business income with affiliate products, services and programs. More to come here in following days.

Indiana's interesting thoughts

Robert Velare (Indiana) — Tue, 09 Mar 2010 05:25:44 -0500

Sally do rockhounds know about this UN trip....Look at the red zones

no more rockhounding if this medieval land grab takes place...Agenda 21eh!

Indy

This is the new updated version

THE AGENDA 21 MAP.

Simulated Reserve and Corridor System to Protect Biodiversity.

As Mandated by the Convention on Biological Diversity, The Wildlands Project, UN and US Man and the Biosphere Program and Various UN, US Heritage Programs and NAFTA.

RED Core Reserves and Corridors - Little to no human use.
YELLOW Buffer Zones - Highly Regulated Use.
TURQUOSE Normal Use Zones of Cooperation.
ORANGE Border 21/La Paz Sidebar Agreement of NAFTA. 124 mile wide International Zone of Cooperation.
PINK Indian Reservations.
GRAY Military Reservations.
BLACK DOTS Cities over 10,000 people.
Some major highways and Interstate rivers are also shown.

Taken from the United Nations Convention on Biological Diversity Article ??,* United Nations Global Diversity Assessment Section 1? to ??. US Man and the Biosphere Strategic Plan. UN, US Heritage Corridor Program. "The Wildlands Project," Wild Earth 1992. Also see Science "The High Cost of Biodiversity," 25 June 1993 pp ?? to ?? and the boarder v21 sidebar of NAFTA. The very high percentage of buffer zone in the West is due to the very high percentage of Federal land.

http://98.131.164.239/images/AGENDA-21-BMP.GIF

Well now...Could be?...A second trainwreck of the present financial global system.

is straight ahead, happening;

QUOTE.

“Look at those initial claims,” said Diane Garnick, a New York-based investment strategist at Invesco Ltd., which manages $400 billion. “Unemployed people don’t spend money. That means the growth we’ve seen is not sustainable until people get jobs. Also, there are lots of uncertainties on a global basis. That’s certainly negative news for the market. I wouldn’t be surprised if we started to see dramatic increases in volatility again.”

http://www.bloomberg.com/apps/news?pid=20601087&sid=a946mjtMdz48&pos=1

The phrase in bold above...When translated from High finance speak means "Trainwreck"

Watch the markets...Mmmmm...Indy

Well the EEC did not bail out Greece...Looks like Greece won't play the money lenders game...

Which is (Do what we say or no money)...So this will not generate confidence...I expect the money to keep leaving Greece...Of course the EEC will bail them out if they go bust...No choice...If Greece was still running on its own currency they would not have a problem...Just devalue thats all...However...Mmmmm...Indy

I always like to pass on what I consider to be solid info...So

(Fair use cited for this article)

An Insider’s View of the Real Estate Train Wreck

Quote

An Insider’s View of the Real Estate Train Wreck
Feb 10th, 2010 | By David Galland | Category: Featured, Housing, Investing Strategies
leadimage

The first time I spoke with real estate entrepreneur Andy Miller was in late 2007, when I asked him to serve on the faculty of a Casey Research Summit. As John Mauldin, a former faculty member himself, knows, we’re very selective with our speakers. And there was no one in the nation I wanted more than Andy to address the critical topic of real estate.

My interest in Andy was due to the fact that he has been singularly successful in pretty much all aspects of the real estate market, including financing and developing large projects — such as shopping centers, apartment communities, office buildings, and warehouses — from one end of the country to the other. His expertise has also allowed him to build an impressive business providing assistance to large financial institutions that need help in dealing with problem commercial real estate loans. As you might suspect, business is booming.

Back in 2007, however, what most intrigued me about Andy was that he had been almost alone among his peer group in foreseeing the coming end of the real estate bubble, and in liquidating essentially all of his considerable portfolio of projects near the top. There are people that think they know what’s going on, and those who actually know — Andy very much belongs in the latter category.

In fact, he initially refused to speak at our event, only agreeing very reluctantly after I had hounded him for several months. The reason for his refusal, I later found out, was that he had spoken at several industry events before the real estate collapse and had been all but booed off the stage for his dire outlook.

The happy ending of this story is that Andy’s speech at our Summit was a rousing success, and he enjoyed it so much that he has now spoken at several, and has kindly agreed to sit for periodic interviews to keep our readers up to date on the latest developments in this critical sector. So far, Andy’s real estate forecasts continue to come true.

As you’ll read in the following excerpt from my latest interview with Andy, who now spends considerable time each day helping the nation’s biggest banks cope with growing stacks of problem loans, he remains deeply concerned about the outlook for real estate.

David Galland

No one has been more right on the housing market in recent years. So, what’s coming next? Some of the housing numbers in the last few months look a little less ugly. Could housing be getting ready to get well?

MILLER: I don’t think so.

For all intents and purposes, the United States home mortgage market has been nationalized without anybody noticing. Last September, reportedly over 95% of all new loans for single-family homes in the U.S. were made with federal assistance, either through Fannie Mae and the implied guarantee, or Freddie Mac, or through the FHA.

If it’s true that most of the financing in the single-family home market is being facilitated by government guarantees, that should make everybody very, very concerned. If government support goes away, and it will go away, where will that leave the home market? It leaves you with a catastrophe, because private lenders for single-family homes are nervous. Lenders that are still lending are reverting to 75% to 80% loan to value. But that doesn’t help a homeowner whose property is worth less than the mortgage. So when the supply of government-facilitated loans dries up, it’s going to put the home market in a very, very bad place.

Why am I so certain that the federal government will have to cut back on its lending? Because most of the financing is done via the bond market, through Ginnie Mae or other government agencies. And the numbers are so big that eventually the bond market is going to gag on the government-sponsored paper.

The public doesn’t have any idea of the scale of the guarantees the government is taking on through Fannie, Freddie, and FHA. It’s huge. If people understood what the federal government has done and subjected the taxpayers to, there would be a public outrage. But you can’t get people to focus on it, and it’s very esoteric, it’s very hard to understand. But it’s not something the bond market won’t notice. The government can’t keep doing what it has been doing to support mortgage lending without pushing interest rates way up.

Refinancings of single-family homes are very interest-rate sensitive. Consumers have their backs against the wall. They have too much debt. Refinancing their maturing mortgages or their adjustable-rate mortgages is very problematic if rates go up, but that’s exactly where they’re headed. So anyone who’s comforted by current statistics on single-family homes should look beyond the data and into the dynamics of the market. What they’ll find is very alarming.

On that topic, recent data I saw was that something like 24% of the loans FHA backed in 2007 are now in default, and for those generated in 2008, 20% are in default, and the FHA is out of money.

MILLER: Fannie Mae had a $19 billion loss for the third quarter of 2009, and they are now drawing on their facility with the U.S. Treasury. We have all forgotten that Fannie and Freddie are still being operated under a federal conservatorship. On Christmas Eve, the agency announced that they were going to remove all the caps on the agencies.

So what about commercial real estate?

MILLER: When I saw what was happening in the housing market, I liquidated all my multifamily apartments, shopping centers, and office buildings. I liquidated all my loan portfolios, and I’m happy I did.

Then it occurred to me in 2005 and 2006 that the commercial world had to follow suit. Why? Because it’s a normal progression. Obviously, when single-family homes decline in value, multifamily apartments decline in value. And when consumers hit the wall with spending and debt, that’s going to have an impact on retailers that pay for commercial space.

Furthermore, the financing for retail properties had gotten ludicrous. The conduits were making loans that they advertised as 80% of property value when they originated them, but in reality the loan-to-value ratios were well over 100%. And I say that to you with absolute, categorical certainty, because I was a seller and nobody knew the value of the properties that I was selling better than I did. I had operated some of them for 20 years, so I knew exactly what they were bringing in. I knew what the operating expenses were, and I knew what the cap rates were. And, you know, the underwriting on the loan side and the purchasing side of these assets was completely insane. It was ludicrous. It did not reflect at all what the conduits thought they were doing. They were valuing the properties way too aggressively.

I became very bearish about the commercial business starting in late ‘05. In fact, I think I was in Argentina with Doug Casey, sitting on a veranda at one of the estancias, and he and I were lamenting what was going on in the real estate business, and I said there was going to be a huge adjustment in the commercial market.

Beyond the obvious, that the real estate market has taken pretty significant hits and some banks have been dragged under by their bad loans, what has really changed in real estate since the crash?

MILLER: I think the first thing that changed was that people learned that prices don’t go up forever. Lenders also saw that underwriting guidelines for commercial real estate loans, especially in the securitization markets, were erroneous. They realized that some of their properties had been financed too aggressively, but still, I don’t think even at the fall of Lehman, anybody was predicting a wholesale collapse in commercial real estate.

But they did see they should be more circumspect with loan underwritings. In fact, after the fall of Lehman, they completely stopped lending. I think they realized we had been living in fantasy land for 10 years. And that was the first change — a mental adjustment from Alice in Wonderland to reality.

Today it’s clear that commercial properties are not performing and that values have gone down, although I’ve got to tell you, the denial is still widespread, particularly in the United States and on the part of lenders sitting on and servicing all these real estate portfolios. People still do not understand how grave this is.

Right now there are an awful lot of banks that do an awful lot of commercial real estate lending, and for about a year now you’ve been telling me that you saw the first and second quarter of 2010 as being particularly risky for commercial real estate. Why this year, and what do you see happening with these loans and the banks holding them?

MILLER: It’s an educated guess, and it hasn’t changed. I still think that it’s second quarter 2010.

The current volume of defaults is already alarming. And the volume of commercial real estate defaults is growing every month. That can only keep going for so long, and then you hit a breaking point, which I believe will come sometime in 2010. When you hit that breaking point, unless there’s some alternative in place, it’s going to be a very hideous picture for the bond market and the banking system.

The reason I say second quarter 2010 is a guess is that the Treasury Department, the Federal Reserve, and the FDIC can influence how fast the crisis unfolds. I think they can have an impact on the severity of the crisis as well – not making it less severe but making it more severe. I will get to that in a minute. But they can influence the speed with which it all unfolds, and I’ll give you an example.

In November, the FDIC circulated new guidelines for bank regulators to streamline and standardize the way banks are examined. One standout feature is that as long as a bank has evaluated the borrower and the asset behind a loan, if they are convinced the borrower can repay the loan, even if they go into a workout with the borrower, the bank does not have to reserve for the loan. The bank doesn’t have to take any hit against its capital, so if the collateral all of a sudden sinks to 50% of the loan balance, the bank still does not have to take any sort of write-down. That obviously allows banks to just sit on weak assets instead of liquidating them or trying to raise more capital.

That’s very significant. It means the FDIC and the Treasury Department have decided that rather than see 1,000 or 2,000 banks go under and then create another RTC to sift through all the bad assets, they’ll let the banking system warehouse the bad assets. Their plan is to leave the assets in place, and then, when the market changes, let the banks deal with them. Now, that’s horribly destructive.

Just to be clear on this, let’s say I own an apartment building and I’ve been making my payments, but I’m having trouble and the value of the property has fallen by half. I go to the bank and say, “Look, I’ve got a problem,” and the bank says, “Okay, let’s work something out, and instead of you paying $10,000 a month, you pay us $5,000 a month and we’ll shake hands and smile.” Then, even though the property’s value has dropped, as long as we keep smiling and I’m still making payments, then the bank won’t have to reserve anything against the risk that I’ll give the building back and it will be worth a whole lot less than the mortgage.

MILLER: I think what you just described is accurate. And it’s exactly a Japanese-style solution. This is what Japan did in ‘89 and ‘90 because they didn’t want their banking system to implode, so they made it easier for their banks to sit on bad assets without owning up to the losses.

And what’s the result? Well, it leaves the status quo in place. The real problem with this is twofold. One is that it prolongs the problem – if a bank is allowed to sit on bad assets for three to five years, it’s not going to sell them.

Why is that bad? Well, the money tied up in the loans the bank is sitting on is idle. It is not being used for anything productive.

Wouldn’t banks know that ultimately the piper must be paid, and so they’d be trying to build cash — trying to build capital to deal with the problem when it comes home to roost?

MILLER: The more intelligent banks are doing exactly that, hoping they can weather the storm by building enough reserves, so when they do ultimately have to take the loss, it’s digestible. But in commercial real estate generally, the longer you delay realizing a loss, the more severe it’s going to be. I can tell you that because I’m out there servicing real estate all day long. Not facing the problems, and not writing down the values, and not allowing purchasers to come in and take these assets at discounted prices — all the foot-dragging allows the fundamental problem to get worse.

In the apartment business, people are under water, particularly if they got their loan through a conduit. When maintenance is required, a borrower with a property worth less than the loan is very reluctant to reach into his pocket. If you have a $10 million loan on a property now worth $5 million, you’re clearly not making any cash flow. So what do you do when you need new roofs? Are you going to dig into your pocket and spend $600,000 on roofing? Not likely. Why would you do that?

Or a borrower who is sitting on a suburban office property — he’s got two years left on the loan. He knows he has a loan-to-value problem. Well, a new tenant wants to lease from him, but it would cost $30 a square foot to put the tenant in. Is the borrower going to put the tenant in? I don’t think so. So the problems get bigger.

Why would the owner bother going through a workout with the bank if he knows he’s so deep underwater he’s below snorkel depth?

MILLER: It’s always in your interest to delay an inevitable default. For example, the minute you give the property back to the bank, you trigger a huge taxable gain. All of a sudden the forgiveness of debt on your loan becomes taxable income to you. Another reason is that many of these loans are either full recourse or part recourse. If you’re a borrower who’s guaranteed a loan, why would you want to hasten the call on your guarantee? You want to delay as long as possible because there’s always a little hope that values will turn around. So there is no reason to hurry into a default. None.

So that’s from the borrower’s standpoint. But wouldn’t the banks want to clear these loans off their balance sheets?

MILLER: No. The banks have a lot of incentive to delay the realization of the problem because if they liquidate the asset and the loss is realized, then they have to reserve the loss against their capital immediately. If they keep extending the loan under the rules present today, then they can delay a write-down and hope for better days. Remember, you suffer if the bank succumbs and turns around and liquidates that asset, then you really do have to take a write-down because then your capital is gone.

So here we are, we’ve got the federal government again, through its agencies and the FDIC, ready to support the commercial real estate market. They’ve taken one step, in allowing banks to use a very loose standard for loss reserves. What else can they do?

MILLER: Well, obviously nobody knows, but I can guess at what’s coming by extrapolating from what the federal government has already done. I believe that the Treasury and the Federal Reserve now see that commercial real estate is a huge problem.

I think they’re going to contrive something to help assist commercial real estate so that it doesn’t hurt the banks that lent on commercial real estate. It’ll resemble what they did with housing.

They created a nearly perfect political formula in dealing with housing, and they are going to follow that formula. The entire U.S. residential mortgage market has in effect been nationalized, but there wasn’t any act of Congress, no screaming and shouting, no headlines in the Wall Street Journal or the New York Times about “Should we nationalize the home loan market in America.” No. It happened right under our noses and with no hue and cry. That’s a template for what they could do with the commercial loan market.

And how can they do that? By using federal guarantees much in the way they used federal guarantees for the FHA. FHA issues Ginnie Mae securities, which are sold to the public. Those proceeds are used to make the loans.

But it won’t really be a solution. In fact, it will make the problems much more intense.

Don’t these properties have to be allowed to go to their intrinsic value before the market can start working again?

MILLER: Yes. Of course, very few people agree with that, because if you let it all go today, there would be enormous losses and a tremendous amount of pain. We’re going to have some really terrible, terrible years ahead of us because letting it all go is the only way to be done with the problem.

Do you think the U.S. will come out of this crisis? I mean, do you think the country, the institutions, the government, or the banking sector are going to look anything like they do today when this thing is over?

MILLER: I know this is going to make you laugh, but I’m actually an optimist about this. I’m not optimistic about the short run, and I’m not optimistic about the severity of the problem, but I’m totally optimistic as it relates to the United States of America.

This is a very resilient place. We have very resilient people. There is nothing like the American spirit. There is nothing like American ingenuity anywhere on Planet Earth, and while I certainly believe that we are headed for a catastrophe and a crisis, I also believe that ultimately we are going to come out better.

Regards,
David Galland
The Casey Report

Writing For Dollars

GT — Fri, 26 Feb 2010 02:03:56 -0500

I've been intending to start a new blog focusing on my writing history, so here it is. I don't know how often I'll post here - it will depend on how busy I get with other activities.

... But, when the mood hits ...

I have no great story to tell, not like some writers. But maybe the odd aspiring writer might find some inspiration here.

I've been interested in writing since my teen years, although I never started developing my writing skills with any degree of seriousness until about 12 or so years ago.

At that time, about this time of the year in 1998, I discovered that a Toastmasters International public speaking club had just started up in our little town. I knew what Toastmasters was and what value it had to offer, so I attended a meeting and joined.

The club focuses on three primary areas of development: speaking, listening and leadership. Every club has a different "personality" and may place different degrees of emphasis on each of those areas.

Anyway, I joined to get training and practice in basic public speaking. I quickly learned about the emphasis on leadership training, and just as quickly got talked into becoming the club's Vice President of Public Relations! Little did I know that was to be the catalyst to launch my writing career.

I decided that one good way to fulfill my duty as VP PR would be to get articles about Toastmasters published in our local weekly newspaper. So. I approached the editor with the idea of writing a series of 10 weekly articles on Toastmasters and public speaking.

The editor tentatively agreed, not knowing if I had any writing talent or if I could deliver on my promise of 10 articles.

What a thrill it was to see my first article printed in the newspaper! Thanks to Toastmasters, I was beginning to fulfill one of my lifelong dreams: to see my writing in print!

Later, I realized that the dream had not been properly defined and I found that I had to clarify certain points of the dream. But in the beginning, I was just so excited to be published!

That was the beginning of my writing career. More about that to follow in future blog posts.

What's the Difference Between...

ShaneRQR — Thu, 25 Feb 2010 16:51:27 -0500

What's the difference between:

A detailed blog post that anyone can read for free, whenever they want,
a free report/ebook that is offered as an incentive for signing up to someone's list and
a paid report/ebook for around 10 bucks?

Hint: It's not the content.

The Difference that Makes the Difference

The difference between those three options is marketing.

Each is a digital piece of information and the information could be similar or identical. I've seen blog posts with more valuable information than most ebooks contain. There's no real correlation between the value of the information and it's price.

The difference is simply that something you have to pay for is being marketed differently than something free or almost free (sign-up).

Language

Ok, so far it's been a bit captain obvious in here, so let me take this two steps further.

The language used to promote the information can drastically change, depending on whether it's free or not. A subject that might be treated rationally and casually in a free blog post, will often suddenly be elevated to an amazing, secretive, powerful thing with the capacity to change people's lives in a heartbeat.

In other words, stuff gets hyped up to generate sales.

Interestingly, some bloggers use the hypey language in almost all of their posts as well.

Perceived Value

This is the big one. The thing is that the price tag attached to an object goes a long way in influencing how valuable we perceive that object to be.

It may be a bit of a cliché, but modern art does present some interesting examples of this. Not to say that all modern art is just rubbish that "anyone could do", but at the very least, we need to acknowlegde that many of the consumers of art cannot really tell the difference between rubbish that no-one in particular created and some "real" work of art.

If the random looking jumble of objects has a flashy name and ridiculous price-tag attached, people will see art. If it has neither, they will see litter.

Another famous example comes from the wine-world, where we know that most people will believe (and feel) that a wine coming from a bottle with an expensive price is better than wine from a cheap bottle, even if the contents are identical.

What's the Point?

What does this mean for us marketers?

I don't know, but I know that for me, it means being more confident in my own work.

I specialize in video production and video marketing. Because of this, I buy practically every product on this subject that I can find. Want to stay in the know about what the competition is up to, after all.

I've noticed that many people sell video marketing reports in great numbers, even if the reports are of very low quality. I've even seen something sold as a product in one forum that was practically a carbon-copy of an extensive post in another forum.

Slap a price tag on it, hype it up and you're good to go.

I'm not suggesting anyone should do this, but it goes to some way illustrating percieved value.

Be Nice, Charge

Finally, you have to keep the commitment bias in mind. You may be doing your readers a real favour by making them jump through some hoops to get at your content (paying, signing up, ...). Because of the shift in perceived value and because of the commitment that comes with this, it's more likely that people will take action on something they had to pay for than on something that's free. Even if the free things is (objectively) superior.

P.S.: I'm very tired. I hope this makes sense.

I just joined today

Dorim — Thu, 25 Feb 2010 15:52:57 -0500

15:52:28 Today is my first day here and I have been exploring all the available features. I need a new picture of me to upload to my profile.

The Way It Was

Lawrence — Wed, 24 Feb 2010 00:21:20 -0500