Tuesday, September 27, 2011

PETER SCHIFF: I WAS TOLD BY GOV TO STOP HIRING AMERICANS

GLOBAL GUERILLAS: RESILIENT MANUFACTURING

http://globalguerrillas.typepad.com/globalguerrillas/2011/09/journal-resilient-manufacturing.html



FLOWER POT FRIDGE... I KID YOU NOT

FIVE BANKS ACCOUNT FOR 96 PERCENT OF DERIVATIVES EXPOSURE

Five Banks Account For 96% Of The $250 Trillion In Outstanding US Derivative Exposure; Is Morgan Stanley Sitting On An FX Derivative Time Bomb?

Tyler Durden's picture




The latest quarterly report from the Office Of the Currency Comptroller is out and as usual it presents in a crisp, clear and very much glaring format the fact that the top 4 banks in the US now account for a massively disproportionate amount of the derivative risk in the financial system. Specifically, of the $250 trillion in gross notional amount of derivative contracts outstanding (consisting of Interest Rate, FX, Equity Contracts, Commodity and CDS) among the Top 25 commercial banks (a number that swells to $333 trillion when looking at the Top 25 Bank Holding Companies), a mere 5 banks (and really 4) account for 95.9% of all derivative exposure (HSBC replaced Wells as the Top 5th bank, which at $3.9 trillion in derivative exposure is a distant place from #4 Goldman with $47.7 trillion). The top 4 banks: JPM with $78.1 trillion in exposure, Citi with $56 trillion, Bank of America with $53 trillion and Goldman with $48 trillion, account for 94.4% of total exposure. As historically has been the case, the bulk of consolidated exposure is in Interest Rate swaps ($204.6 trillion), followed by FX ($26.5TR), CDS ($15.2 trillion), and Equity and Commodity with $1.6 and $1.4 trillion, respectively. And that's your definition of Too Big To Fail right there: the biggest banks are not only getting bigger, but their risk exposure is now at a new all time high and up $5.3 trillion from Q1 as they have to risk ever more in the derivatives market to generate that incremental penny of return.

At this point the economist PhD readers will scream: "this is total BS - after all you have bilateral netting which eliminates net bank exposure almost entirely." True: that is precisely what the OCC will say too. As the chart below shows, according to the chief regulator of the derivative space in Q2 netting benefits amounted to an almost record 90.8% of gross exposure, so while seemingly massive, those XXX trillion numbers are really quite, quite small... Right?

...Wrong. The problem with bilateral netting is that it is based on one massively flawed assumption, namely that in an orderly collapse all derivative contracts will be honored by the issuing bank (in this case the company that has sold the protection, and which the buyer of protection hopes will offset the protection it in turn has sold). The best example of how the flaw behind bilateral netting almost destroyed the system is AIG: the insurance company was hours away from making trillions of derivative contracts worthless if it were to implode, leaving all those who had bought protection from the firm worthless, a contingency only Goldman hedged by buying protection on AIG. And while the argument can further be extended that in bankruptcy a perfectly netted bankrupt entity would make someone else whole on claims they have written, this is not true, as the bankrupt estate will pursue 100 cent recovery on its claims even under Chapter 11, while claims the estate had written end up as General Unsecured Claims which as Lehman has demonstrated will collect 20 cents on the dollar if they are lucky.
The point of this detour being that if any of these four banks fails, the repercussions would be disastrous. And no, Frank Dodd's bank "resolution" provision would do absolutely nothing to prevent an epic systemic collapse.

rest here: http://www.zerohedge.com/news/five-banks-account-96-250-trillion-outstanding-derivative-exposure-morgan-stanley-sitting-fx-de

TRADER: MARKET TO COLLAPSE, GOLDMAN SACHS WANTS THIS TO CONSOLIDATE AND CONTROL



If it isn't obvious by now who the enemy is... it's Washington, Wall Street and Hollywood. Treat them accordingly.

GET READY FOR THE POVERTY DENIERS

Let's not fall into the trap of being complete dickheads while Americans have to poach wildlife in parks frequented by snotty ecofreaks and other toadies who'd drop the dime on them. 


Get Ready for the Poverty Deniers


I knew this was coming. It's a trend I wrote about last year. As the US economy continues to struggle, the free-market, get-the-government-off-my-back organizations will become more and more insistent that unemployed Americans are losers and loafers too lazy to help themselves.
The latest evidence of this propaganda campaign surfaced a few weeks ago when the Heritage Foundation published a "report" (a word that sounds very official) asserting that the "actual standard of living of America's poor -- in terms of amenities in the home, housing, food consumption, and nutrition -- is far higher than expected."
The basic message is, "Hey things aren't so bad." Lots of people with little or no income may have a computer, TV, or a dishwasher. The logic is inescapable. How can people claim to be living at or below the poverty line when they don't have to wash dirty dishes by hand? I think proponents this idea should be referred to as "poverty deniers."
According to the Heritage folks, the word "poverty" is very misleading because it conjures up images of ragged, starving refugees in places like Somalia. This mantra is now making its way around the online universe. You can see its effect in the comments readers are posting post about news stories dealing with poverty and high unemployment. The best one I've read so far declared, "Anybody living in the USA is not poor."
It's the sort of claim that makes good campaign fodder, like holding up a copy of the want ads in front of a crowd and announcing, "Anyone who's looking for a job should just look right here!" What they never mention is that in most cities right now, dozens if not hundreds of applicants are chasing each of those job postings.

rest here:  http://www.huffingtonpost.com/jeffrey-shaffer/get-ready-for-the-poverty_b_980510.html

JOIN THE NYPD

...Wish I'd made this myself.

Monday, September 26, 2011

US GOV USED ATF EMPLOYEE TO BUY WEAPONS W/ TAXPAYER MONEY, SELL TO MEXICAN DRUG CARTEL

Vanderboegh & Codrea exclusive: U.S. Gov't used an ATF employee to buy weapons with taxpayer money & walk them -- without help from straw buyers!

A Sipsey Street Irregulars/National Gun Rights Examiner Column Exclusive: ATF Letter and Sources Confirm That There Was No "Botched Sting Operation" in Fast and Furious.

"One hundred percent us."


By Mike Vanderboegh & David Codrea
Official ATF documents as well as sources in Arizona and Washington D.C. confirm that in at least two instances in 2010, an agent of the United States government purchased Kalashnikov-pattern semi-automatic pistols from licensed federal firearms dealers with taxpayer money and delivered those weapons directly into the hands of cartel smugglers.

In a letter dated June 1, 2010, then Phoenix ATF Group VII supervisor David Voth instructed a Federal Firearms Licensee in Arizona as follows:

REST HERE: http://sipseystreetirregulars.blogspot.com/2011/09/vanderboegh-codrea-exclusive-us-govt.html

9/26 JULY4PATRIOT UPDATES

From awrm.org:

Posted by Breacher (Member # 1119) on 09-23-2011 11:45 AM:
 
I have talked to some of the people involved with this, (except Debbie who I need to contact tonight if possible). The money situation is complex. At this time, I want the advisory out there that there is only one fund approved by Dyer's mother, that is the one going to her. It was decided back when James Nix (gossipboy) was throwing false accusations around at Nancy Genovese and Jim Stachowiak that all funding should go as close to the Dyer family as possible, and then a paypal account got opened up on behalf of Dyer's mother while he was in jail and that's where the money went.

We have no idea what is actually filtering to Dyer himself, and don't want to drive a wedge in his family, however I think it should be the donor's choice on whether to help Dyer meet his past commitments to help support his elderly parents and some extra legal expenses vs humanitarian assistance to his jail commissary fund, or some other project he appointed another person to step forward on.

It has been noted that the family (Dyer's mother) apparently did not personally approve of Debbie Swan getting involved with the case. There was also an issue with a Texas Militia figure by the name of Rick Light, who had "volunteered" to assist the FBI in "capturing Charles Dyer without bloodshed". Light apparently got close to Dyer's mother and got her to approve of his plan of assisting to "capture" him. A plan that others in the patriot community had been discussing then shelved, but apparently Light went off on his own to try and "capture" dyer for what he considered to be a safe handover. Dyer of course had turned himself in when his escape plan was not working much at all and there were obvious on innocent people as a by product of the manhunt.

We are not hearing from Dyer right now, but Debbie visits him and reports at least some of what she sees. That is worth something, but lets face it, we are not seeing any big changes here. What I understand Debbie is trying to raise money for is a halfway decent gamble, but it violates one of the rules of conflict set out by Machiavelli. That is reliance on outside paid professionals instead of your own loyal people, however in legal battles, paid professionals do have their place.

There is a professional who has claimed if he is given $10K for his services, he can clear Dyer of the charges, however this guy has also made numerous other claims in "conservative circles" and has gained an audience among others in the patriot movement as "getting things done". My personal experience with him on another case was that he was a waste of time, but that was a case where they did break some laws and we were looking for some procedural loopholes to get him off, and this "pro" only wants cases where the accused is stone cold innocent (which I say Dyer is stone cold innocent on the rape charges). On this case, if someone wants to pitch in on this, then maybe it is worth the gamble, because at this point is only money. If we need to free Dyer at some point after all legal avenues are exhausted, money will not really be the issue because gaining his freedom will be costing us a lot of things that money alone does not buy.
http://www.usobserver.com/

[ 09-23-2011, 12:57 PM: Message edited by: Breacher ]
 


Posted by Texas Resistance (Member # 1582) on 09-23-2011 12:19 PM:
 
quote:
Originally posted by Breacher:
...There was also an issue with a Texas Militia figure by the name of Rick Light, who had "volunteered" to assist the FBI in "capturing Charles Dyer without bloodshed"...

If I was ever on the run from false charges because I couldn't get a fair trial then anyone who tried to assist the FBI in capturing me I would call a traitor.

The best thing for Sgt. Dyer would have been for him to stay gone for at least 10 years so by then his daughter would have been old enough to tell the court that her sleazy drug addict mother was making her lie and that her Daddy never molested her.

[ 09-23-2011, 12:36 PM: Message edited by: Texas Resistance ]
 


Posted by drjarhead (Member # 4007) on 09-23-2011 12:56 PM:
 
quote:
Originally posted by Walfred:
As per the request of Sgt.Dyer's family I am posting the only link that donated money goes directly to an account control by the Dyer Family.
All donations sent to this link will by deposited in to the Dyer family paypal account.This is the wishes of Sgt.Dyer and his Mother.All other links/accounts do not go directly to the Dyer family and may not ever reach him at all.Although most fund raising is done in good faith,some individuals in the past have taken advantage.This account makes certain that Sgt.Dyer gets every penny.

http://july4patriot.chipin.com/free-july4patriot

I'm not interested in donations through paypal.
Nor am I interested in donations through ANY internet website of any kind.

Period.

I sent money to the address for Jan Dyer posted above.

If that is not going to where it should be, someone should say so and I will stop wasting my money and my time.

What a mess. Seems someone would get this shit cleared up.
 


Posted by Breacher (Member # 1119) on 09-23-2011 01:00 PM:
 
That's all your choices. I am looking over the US Observer website. The guy now has some history of success, including one false sex abuse case. If I could afford it, then I would say the guy is worth the gamble.

They were able to get some stuff done for our own Stratiotes as mentioned on this page:

http://www.usobserver.com/vindicated/page2.html

(Upper right, James Faire).

From what I gather, Debbie is trying to faise the $10K flat fee the US Observer wants to clear Charles Dyer. This is apparently not part of Dyer's mother's approve plan because she has some sort of deal with his existing attorney, but personally, I think Debbie's plan might be worth the try.

[ 09-23-2011, 01:06 PM: Message edited by: Breacher ]
 

Posted by J. Croft (Member # 3405) on 09-23-2011 01:01 PM:
 
quote:
The best thing for Sgt. Dyer would have been for him to stay gone for at least 10 years so by then his daughter would have been old enough to tell the court that her sleazy drug addict mother was making her lie and that her Daddy never molested her.

I'm sure Dyer would have liked to have done that but his inability to accomplish this has already been discussed.

One big problem with Dyer is the division among even his supporters. Nancy Genovese is doing something, Deborah Swan is doing something, his family is sticking by him, some of us are trying to do something-but nobody's on the same page. This infighting is hurting.

What else is hurting is not getting the word out. We need to flood the Freedom movement websites with news on Dyer, appeals for helping Dyer, calling on all the 'celebrities' in the movement to give him help.

Mark Koernke has stepped up mightily. I've contacted the IIIers and have gotten some word out there. What we need is to get the likes of Alex Jones or even George Noory to get off the fence and give some press. If we could do that then Dyer has a chance to beat this.
 


Posted by Texas Resistance (Member # 1582) on 09-23-2011 01:11 PM:
 
Yes, everyone that has the time can call in to Alex Jones, tell Sgt Dyer's story, and tell how to donate to his defense fund.

I have called into Mark Koernke's Intel Report Radio Program, played the audio to Sgt. Dyers "The Right To Defend Liberty" and his "Give Me Liberty Or Give Me Death" speeches so the listeners would hear what a great Patriot Sgt. Dyer is and Mark Koernke has given out the contact information to donate to Sgt. Dyer's defense fund many times.
 

Posted by Walfred (Member # 4590) on 09-23-2011 02:00 PM:
 
quote:
Originally posted by drjarhead:
quote:
Originally posted by Walfred:
As per the request of Sgt.Dyer's family I am posting the only link that donated money goes directly to an account control by the Dyer Family.
All donations sent to this link will by deposited in to the Dyer family paypal account.This is the wishes of Sgt.Dyer and his Mother.All other links/accounts do not go directly to the Dyer family and may not ever reach him at all.Although most fund raising is done in good faith,some individuals in the past have taken advantage.This account makes certain that Sgt.Dyer gets every penny.

http://july4patriot.chipin.com/free-july4patriot

I'm not interested in donations through paypal.
Nor am I interested in donations through ANY internet website of any kind.

Period.

I sent money to the address for Jan Dyer posted above.

If that is not going to where it should be, someone should say so and I will stop wasting my money and my time.

What a mess. Seems someone would get this shit cleared up.

A direct mail to Jan Dyer would be best.The paypal account is the only internet link that goes to the Dyers own account.And is the only link approved by them to be posted on the internet with Sgt.Dyers name.All others are suspect and should be avoided.If individual(s) wish to raise money to help Patriots in the same circumstances,fine.Then they need to not use Sgt.Dyers name or the name of another Dyer family member.Any that do are unauthorized and are suspect,it's that simple.

[ 09-23-2011, 02:02 PM: Message edited by: Walfred ]
 


Posted by Breacher (Member # 1119) on 09-24-2011 02:05 PM:
 
We are getting the donation situation sorted out right now, and I am trying to get Nancy a membership here so she can more directly publish the updates.

Recent word(filtered through a few people) is that while Charles Dyer was positive about bringing in the US Observer people on the situation and money is being raised for that purpose, the bigger issue for him right now is getting a lawyer who will even be willing to work with them.

Now I had been under the impression that the people at the US Observer have some practice in working with less than receptive lawyers (quite often public defenders who are in the plea bargain selling business and not particularly supportive of the patriot movement), but Dyer wants a "real lawyer" before some deadline that the judge set on the 5t of October.

The quotes that are being tossed out by lawyers right now all fall within the $20K to $50K range for a legal defense. The guys at the US Observer want their flat $10K fee.

So although Dyer wants a "real lawyer" right now, the US Observer people are at half the price, and available money might just be put into the cheapest of the lawyers, with nothing left over for the US Observer project, which apparently is going to mostly cover their expenses on the investigation, travel, payouts, experts, forensic tests ect. They apparently want to help, but don't want to be heavily out of pocket on it.

Current fundraising levels supposedly are in the $12k range of money accumulated since the start (Dyer's mother was salting the money away, not spending much (if any) of it). There are hints of some more being available, bot nowhere close to enough to cover the $50K lawyer on top of the $10K for the US Observer people. Nobody is really sure what has been going on with the money that had been going to Debbie Swan's side of the project, but the "inner circle" now figures that whatever she is doing, she probably means well but might be screwing something up. I have yet to make contact with Debbie on this.

Do what would be best right now is if someone were to kick down a good $70K just to cover all of the currently realistically foreseeable contingencies, and if this guy gets convicted on the child rape charges, then it is a situation that could deteriorate down the road when others of us get put on false charges. $60K might be OK, anything less is appreciated, but still puts us in the bind of "trying" and still being the laughing stock of the geopolitical spectrum as a political movement that will not provide sufficient money to protect an individual who has become high profile focus of opposition action. If we get $50K from a major donor, then things are pretty workable for an effective legal defense on the child rape charges, and halfway decent on everything else.

[ 09-24-2011, 03:17 PM: Message edited by: Breacher ]
 

Posted by Walfred (Member # 4590) on 09-24-2011 03:31 PM:
 
If appears that the Judge in the case is making it difficult for Sgt.Dyer to defend himself.

[ 09-24-2011, 04:29 PM: Message edited by: Walfred ]
 

Posted by MystcStar (Member # 5068) on 09-24-2011 05:34 PM:
 
http://july4patriot.chipin.com/free-july4patriot

This is the chip-in for the Defense fund for Charles Dyer JULY4PATRIOT. All funds are received directly by Jan Dyer.

Mrs. Dyers email address and name will show on your receipt from pay-pal or your credit card.

We wanted to add this address to send any letters, well wishes, or funds to his family.
address;
Mr. and Mrs. Dyer
5103 HOPE
Marlow, OK
73055
Thank you!

Great job! Thank you for your support, prayers and funds everyone!

.
 

Posted by MystcStar (Member # 5068) on 09-24-2011 10:26 PM:
 
During the week we had a conference call with Jan Dyer. She had just hung up the phone with Charles. Charles told his mother, he does NOT want to use a court appointed attorney. Charles is aware of the "US Observer people" his instructions on that are, for his mother to get the attorney for the October 05, 2011 court date.

Jan Dyer phoned us tonight and in a separate conference call, she stated, her visit with Charles today, went well. Charles looks much better, the infection in his hand and fingers has almost healed.

Charles does want an attorney and the expert witnesses will need to be paid for.

Please add your funds directly to the chip-in we have had for almost two years. This is the ONLY donation page going directly to Jan Dyer to pay for the attorney Charles needs and the expert witnesses. There will be more info to follow up on this as the week goes on. Thank you.
http://july4patriot.chipin.com/free-july4patriot
BTW, anyone may add a DOLLAR a week to this chip in! This is the only chip-in / donation page to Jan Dyers pay-pal account from January 2010.

[ 09-24-2011, 10:36 PM: Message edited by: MystcStar ]
 

Posted by Texas Resistance (Member # 1582) on 09-25-2011 10:23 AM:
 
Hi MystcStar, I’am glad you are with us here. Could you please phone Sgt. Dyer's mother tomorrow and ask her if she has received the money from the other July4Patriot Defense Fund that Debbie Swan is collecting for?

If Mrs. Dyer has not received the money I will be phoning Debbie Swan and asking her to explain why she has not sent the money to Sgt. Dyer’s mother yet and tell her that it is more important to first hire an attorney to represent Sgt. Dyer. I suspect that Debbie Swan is waiting to get the fund to $10,000 and then hire that http://www.usobserver.com/ outfit for Sgt. Dyer.

I agree with you that it is more important that an attorney first be hired to represent Sgt. Dyer before the US Observer is hired since the US Observer could be hired at any time.

I have been told that under Oklahoma law that when Sgt. Dyer appears for his jury trial on October 17th if he does not have a hired attorney then the judge will assign him a court appointed attorney and then Sgt. Dyer would be stuck with the court appointed attorney and never allowed to hire a real attorney.
 

Posted by MystcStar (Member # 5068) on 09-25-2011 11:45 PM:
 
Hi Texas Resistance,

Good to see you!! To answer your questions: We have requested the logs the be sent to Jan Dyer. We have no way of knowing what is in the other donation page.

The simplest way to handle these funds is to use the CHIP-IN, from Jan 2010 to current. Everyone using this link will see a running tally, you will see Jan Dyers email address and name on all the receipts received within minutes from Jans pay-pal account!

http://july4patriot.chipin.com/free-july4patriot

The CHIP-IN funds are being used for attorney fees first and then other legal expenses, as Charles has requested.

Charles and I had discussed one of two legal consultants to assist the attorney. There is one consultant, that is favored but has not yet been retained for this case. The US observer is not the consulting firm we discussed. They list themselves and a news print agency that specializes in corruption and investigations.

Oct 05, 2011 is the date the proper law firm must be in court or a court appointed lawyer will be assigned. Oct. 17, 2011 is the scheduled trail date. Hope this helps! Thanks.

.
 

Saturday, September 24, 2011

AMERICAN FREE PRESS: INTERVIEW WITH NJ COP WHO BUSTED DANCING ISRAELIS ON 9/11

9-11 Cop Breaks Silence

Scott DeCarlo
By Dave Gahary -
The New Jersey police officer responsible for capturing five Israelis who filmed and celebrated while the World Trade Center towers burned has broken his silence, agreeing to a Sept. 16 exclusive interview with AMERICAN FREE PRESS.
As AFP readers are no doubt aware, these are the same Israelis who were working under the direction of Urban Moving Systems, a Mossad front company at the center of Israeli involvement in the Sept. 11 attacks.
Sgt. Scott DeCarlo has never spoken to the media about the details of that day except for two 30-second cameo appearances in Internet videos from undetermined sources. In fact, DeCarlo confirmed that this is the first, and last, interview he will ever grant in regard to this subject.
DeCarlo revealed to AFP hidden details about the events of 9-11 that mainstream media venues should have uncovered 10 years ago, if not for their near-total blackout of meaningful coverage where Israel is concerned.
Although not scheduled to work that day, DeCarlo reported anyway and “was posted on the highway” to prevent traffic from entering New York City.
“There was a BOLO, which is a ‘Be On the Look Out’ for a particular van, perhaps loaded with explosives,” explained DeCarlo, “that may have been on its way to destroy the George Washington Bridge.”
DeCarlo explained: “It [the suspicious van] happened to come our way, and I grabbed my sergeant [DeCarlo himself was a patrolman at that time] and said: ‘Hey, man, that’s our van.’ It wasn’t the exact license plate given reported—it was off by one numeral—but I said: ‘That’s gotta be it; it’s just too close.’”
He continued: “The van was coming off the [N.J.] Turnpike trying to get on Route 3. Traffic was rolling at two miles an hour, so we got in front of the van on foot, weapons drawn, and stopped it.”
All five of the Israeli spies refused to exit their vehicle, so DeCarlo was forced to get physical.
“We asked them to get out of the van, but they didn’t listen,” he said. “So, we . . . put them in handcuffs and did it as quickly as possible.”
AFP asked DeCarlo why he thought the Israelis refused to follow his orders. DeCarlo was unsure, but asked this writer, “You ever have a gun pointed at your head?”
DeCarlo then described what happened after the spies were dragged from their van. “When we removed them, one of the guys that was rather chatty said: ‘We’re not your enemy, we’re your friend. Our enemies are your enemies,’” DeCarlo said. “At that point they said they were from Israel. They kept saying, ‘Hey, we’re on your side.’”
“We brought them over to the New Jersey State Police holding cells in the Meadowlands Stadium, and that’s the last I saw of them,” he said. Shortly after that, the FBI reportedly took over. The five Israelis were held for 10 weeks, but were eventually deported to Israel on charges of immigration violations. In November 2001, they appeared on an Israeli TV talk show discussing how they were in the U.S. “to document the event.”
Sgt. DeCarlo asked AFP to request interested parties not to contact him.