1980 memo to Thatcher shows how it all works

A great read – http://tinyurl.com/kmtg82v

This memo shows how US and UK banking works.  It reveals their worries about oil producing countries hoarding wealth while not producing anything and the bankers’ solution to sell debt to the third world.

Plus their nuke energy scheme to prop up the banks.

JPMorgan Accounts For 99.3% Of The COMEX Gold Sales In The Last Three Months

From Before Its News -

When just one firm accounts for 99.3% of the physical gold sales at the COMEX in the last three months it’s not what most of us on this side of the rainbow would consider “broad-based” selling.  Of course discovering this kind of relevant information requires an internet connection, 2nd grade math and reading skills, and the desire to do a teeny-weeny bit of reporting.  Sadly they’ve wandered so far down the rabbit hole that the concept of “physical demand” (i.e. people actually wanting to take possession of the stuff) is puzzling to them because the vast majority of the world’s so-called “gold-trading” takes place in the realm of make believe (which is their natural habitat).  It’s all fun and games until somebody loses their metal and “somebody” has lost one hell of a lot of metal in the last 90 days. . . .  (more)

http://beforeitsnews.com/financial-markets/2013/04/jpmorgan-accounts-for-99-3-of-the-comex-gold-sales-in-the-last-three-months-2542722.html

 

F.B.I. files on dirty tricks against Cuba from 1960-1965 now public

612 pages of criminal behavior against Cuba by right-wing front groups supported/funded by the CIA.

Shipping companies with no ships etc.  Thanks to the Freedom of Information Act. Put up by Government Attic.

Some further quotations… and a short story

Reblogged from Quantum Pranx:

The financialization of America was a conscious decision by the oligarchs. They controlled the issuance of credit. They controlled the currency and level of inflation inflicted upon the masses. They controlled the corporations selling consumer goods on credit. They controlled the Congress, courts, and government agencies with their deep pocket lobbying and buying of influence. Lastly, they controlled the media messages and molded the opinions and tastes of the masses through their Bernaysian propaganda techniques perfected over the decades.

Read more… 1,205 more words

Everything you want to know about weenies running the train off the rails ... AND -

Forget Cyprus, Japan Is The Real Crisis

[snip] . . .  "The idea behind the strategy is that you create money out of thin air, use that money to buy government bonds off private institutions and others, thereby increasing money supply and possibly inflation. Also, the institutions will start lending the money out, thereby kick-starting spending and the economy. That's the theory anyhow." http://www.zerohedge.com/contributed/2013-03-23/forget-cyprus-japan-real-crisis

You Know Those Mark 1 Nuclear Reactors All Over the US that are Just Like at Fukushima that the NRC said They Were Going to Fix? They Ain’t!

NRC postpones safety improvement at Mark 1 reactors, like VY

BRATTLEBORO [Vermont] — The Nuclear Regulatory Commission voted earlier this week to push back safety improvements for the General Electric-designed Mark 1 and 2 nuclear reactors, recommendations made by their own staff after the nuclear disaster in Fukushima, Japan, two years ago.

The five-member commission was heavily lobbied by the nuclear industry to not adopt the recommendation for filters on reactor vents on the Mark 1 and 2 boiling water reactors, saying they were an expensive response that wouldn’t guarantee additional protection in the event of a nuclear emergency. The filters were estimated to cost between $15 to $60 million per reactor. . .  (more)

http://www.rutlandherald.com/article/20130323/NEWS02/703239925

Treasury Rewards “Too Big To Nail” Crooks

Washington Post -

Treasury approved big pay raises at bailed-out AIG, Ally and GM, report says

By Danielle Douglas

The Treasury Department ignored its own guidelines on executive pay at firms that received taxpayer bailouts and last year approved compensation packages of more than $3 million for the senior ranks at General Motors, Ally Financial and American International Group, according to a watchdog report released Monday. . . . (more)

http://www.washingtonpost.com/business/economy/treasury-approved-big-pay-raises-at-bailed-out-aig-ally-and-gm-report-says/2013/01/28/1e0fe84c-695f-11e2-ada3-d86a4806d5ee_story.html

“According to the report, Treasury approved total pay packages exceeding the 50th percentile by more than $37 million for nearly two-thirds of the top 25 employees of AIG, GM and Ally. The three firms combined received nearly $250 billion in TARP funds. Only AIG has fully repaid its $182 billion bailout.”

World stocks sink over US fiscal cliff fears

World stocks sink as US fiscal cliff fears overpower promising Chinese economic data

“Many worry that gridlock in Washington will prevent the president and Congress from reaching a deal before $800 billion of tax increases and government spending cuts kicks in on Jan. 1.”

http://www.washingtonpost.com/business/asian-stocks-sink-on-us-fiscal-cliff-fears-as-china-investors-await-economic-data/2012/11/08/dc05e3f2-2a1b-11e2-aaa5-ac786110c486_story.html

Obama to discuss fiscal cliff, economy Friday

By Gregg Robb -

“WASHINGTON (MarketWatch) - President Barack Obama is scheduled to make a statement on Friday afternoon on efforts to strengthen the economy and avoid the fiscal cliff, the White House announced Thursday. Experts said that Obama will want to respond to House Speaker John Boehner, who will be holding a press conference earlier in the day. Boehner and other key congressional participants in the debate over fiscal policy have sent mixed signals since the election, on the one hand sounding conciliatory but also sounding dug-in on existing positions.”

http://www.marketwatch.com/story/obama-to-discuss-fiscal-cliff-economy-friday-2012-11-08