“It is true, we are working on the deployment of Russian naval bases outside Russian territory.”-Vice Admiral Viktor Chirkov, Russian navy
27 July 2012, the Russian navy announced they will re-open Soviet era naval bases around the world, including bases in Vietnam, Cuba (the “backyard” of the U.S.) and Seychelles.
The bases are needed for creating material and technical supply centers for the Russian navy. The official reason for the expansion of the Russia navy is to fight piracy!
27 July 2012, among warmongering reports from U.S. mainstream media, Poland announces that it has closed its embassy in Syria and is evacuating all Polish nationals!
Up to this point it was the Polish embassy that was acting as the diplomatic representative for the United States.
Reuters is reporting that an unnamed source in Qatar claims that Turkey, a member of U.S. led NATO, has established a command and control base for the invasion of Syria.
The base is located 100 kilometers (62 miles) north of the Syrian border: “It’s the Turks who are militarily controlling it. Turkey is the main coordinator/facilitator. Think of a triangle, with Turkey at the top and Saudi Arabia and Qatar at the bottom.”-unnamed official from Doha, Qatar
The unnamed official also said: “Three governments are supplying weapons: Turkey, Qatar and Saudi Arabia.” And added: “All weapons are from the black market.”
Qatar played a major role in the western war against Libya.
On 24 July 2012, U.S. Secretary of State Hillary Clinton said: “I have to say that we are also increasing our efforts to assist the opposition.”
26 July 2012, the European Union’s European Commission is asking its members to pass a new law making currency and interest rate manipulation a crime.
The scandal involves mainly U.S. and British Too Big to Fail banks and the British based LIBOR, Belgium based EURIBOR and Japan based TIBOR systems. Recently it was revealed that such systems are also being used to help elites hide $20 trillion USD worth of wealth from tax collectors.
In Denmark, the Danish government is wrapping up their investigation into their own CIBOR system. Officials running the Copenhagen Interbank Offered Rate are suspected of setting rates unjustifiably higher than the EURIBOR.
The Wall Street Journal recently said the scandal “…could lead to a new system of calculating a benchmark…”
Too Big to Fail Morgan Stanley is asking British officials to put the Bank of England in direct control of LIBOR.
Also, U.S. Treasury Secretary Timothy Geithner, stated he will be reviewing the proposed introduction of a new global rate system that will replace current LIBOR like systems.
The rate fixing scandal involves banks in North America, Europe and Japan (the regional members of the Trilateral Commission).
“How much longer can Hoku Corp keep the tsunami of debt, liabilities, liens, foreclosures and material breaches of contract at bay? What’s the delay in filing for bankruptcy protection? I believe that it may be driven by their energetic attempts to sell their solar subsidiary before the much tighter restrictions on selling assets that would come under bankruptcy.”-Marco Mangelsdorf, ProVision Solar
Hoku Corporation, parent company of failed Hoku Materials in Pocatello, Idaho, voluntarily de-listed itself from NASDAQ, and will probably file chapter 11 bankruptcy.
On 29 June it was reported that Hoku Corp had enough cash for only nine weeks of operation!
“If Hoku is unable to secure additional financing, it believes it will need to seek protection in bankruptcy from its creditors and to liquidate and wind-down Hoku and Hoku Materials. “-Hoku SEC statement, 25 June 2012
Officials also said they were unable to complete required financial reports and would miss the filing deadline for the end of the fiscal year.
At the beginning of July 2012, Hoku Corp announced it would voluntarily de-list from NASDAQ. This after NASDAQ stopped trading of Hoku stocks, after share price fell to below $1.00 back in December 2011. Hoku said their de-listing would take place on 10 July.
Now, Hoku has been trading as a penny stock, and as of 17 July was worth only 4 cents per share!
“The proceeds of the Term Loan Agreement will be used for debt repayment, to finance the acquisition of working capital assets, and for other general corporate purposes. On July 9, 2012, the Company used $14.8 million of the proceeds to repay its term loan with Wells Fargo Bank.”-Coldwater Creek statement
The struggling Sandpoint, Idaho based womens clothing retailer, Coldwater Creek, has been busy trying to save itself, through huge loans and stock tricks.
On 09 July 2012, Coldwater Creek took a $65 million USD loan from Golden Gate Capital. Stockholders seemed happy that Coldwater Creek took on more debt, because the company stock went up, slightly, it’s still trading at less than one dollar.
Stocks trading at less than one dollar per share is in violation of NASDAQ rules, which means Coldwater Creek could be de-listed just like Hoku.
On 21 July, Coldwater Creek announced it was considering a stock split, in order to get it’s value above the magic one dollar mark. NASDAQ has given Coldwater Creek until 11 December to bring up the value of its stock.
On 19 July stock prices were at a weak 68 cents per share. Officials with the Idaho clothing retailer hope that 1-3 split would raise the stock to $2.00 per share. A 1-6 split could get it to $4.00. A meeting was supposedly held on 25 July to consider the split. But this is just tricks.
Notice in the above quote that Coldwater Creek says it paid down $14.8 million in debt to Wells Fargo. What they didn’t say is that they’ve negotiated another $70 million revolving credit deal with the same bank!
Back to Golden Gate Capital. This finance company took over Eddie Bauer in 2009, and is part of a larger group that took over Collective Brands (which owns PayLess and StrideRite shoes).
Golden Gate Capital now holds 19.9% of Coldwater Creek stock, and put two of its own people on the board of directors of Coldwater Creek.
Back on 30 June, an analyst with The Motley Fool, gave three reasons to dump Coldwater Creek stock: Stiff competition, no profits since 2007 and tens of millions in debt!
26 July 2012, Japan’s Nissan Motor has reported an increase in sales for the April to June quarter, but decreased profits.
Nissan officials said sales were up in China and North America, but, because of the rising value of the Japanese yen, and increasingly stiff competition, the overall profits fell 19.7%. Their profit was still a hefty $1.5 billion USD (oh those greedy stockholders)!
Nissan said the only way they can keep profits up is to send more of their Japanese production to other countries, and use parts made in countries where the money is worth less than the yen. Of course, this means more job losses in Japan!
U.S. based Ford also reported down profits, by 57%! Ford, a much bigger company than Nissan, made about the same profit as their Japanese competitor, but Ford’s profit loss is tied directly to decreased sales worldwide.
Officials with Ford said they lost money big time in Europe, where the iconic car company saw a 15% drop in sales, losing more than $400 million USD. They also lost sales in Asia, and profits were down in South America.
Ford expects that by the end of the year they will lose more than $1 billion USD because of the European crisis!
“It is clear that Britain is in the midst of the most prolonged period of stagnation it has faced in decades.”-John Longworth, British Chambers of Commerce
25 July 2012, Office for National Statistics announced another drop in GDP, for the third month in a row, officially putting the United Kingdom back into a recession.
U.K. economic performance data started being recorded in 1955, and the current situation is worse than anything on official record!
Officials with the Office for National Statistics are still adding up the costs of celebrating the queen’s Diamond Jubilee, but are already calling it a “significant hit” to the British economy. Any public event involving the Royals is paid for by the government/taxpayers.
Some analysts say the Diamond Jubilee celebration actually stopped any economic recovery in Britain.
“They [government leaders] need to change course as their policies are causing permanent damage to our economy.”-Brendan Barber, Trades Union Congress
25 July 2012, U.S. Secretary of State Hillary Clinton says the United States will no longer use the United Nations Security Council, instead it has formed an alliance with the Arab League and the new French led group called Friends of Syria (which is made up of the European Union and Japan).
Clinton also said that the U.S. no longer cares what Russia and China thinks, saying their concerns are now “on the far backburner” as far as the U.S. is concerned.
Back on 06 July 2012, Clinton told the Friends of Syria they needed to stand up to Russia and China in order to make sure “…that Russia and China will pay a price.”
Now the United States has joined the Kingdom of Saudi Arabia in officially announcing they will increase support for rebels, however Clinton did not go into details.
Note that this new alliance is made up mainly of the EU, Japan and North America, who are the regional members of the Trilateral Commission (the true shadow government).
25 July 2012, after a final government initiated, independent investigation report was filed, NHK (nippon housou kyoukai/Japan Broadcasting Corporation) is reporting that Japanese prosecutors will now accept and investigate criminal complaints regarding the ongoing Fukushima Daiichi nuclear disaster.
The final report basically said that it is not clear that the nuclear disaster was caused by the natural disasters on 11 March 2011, in fact, in an earlier report the investigators said it was a “man made” disaster.
The final report also blamed the ongoing disaster on gross negligence, both by corporations and the government! This is why Japanese prosecutors are now accepting criminal complaint cases. Of course corporate officials, and government officials, deny such gross negligence.
“The research conducted in the United States shows that the hazardous nature of dichloromethane had been pointed out some time ago. The warning of the health hazard to humans was issued more than 20 years ago!“-Shinji Kumagai, University of Occupational and Environmental Health
Back at the end of June 2012, the Japanese Ministry of Health, Labor and Welfare announced an investigation into the high rate of bile duct cancer among workers in the printing industry. Now, they are warning the semiconductor and metals industries they will be investigated as well.
The common factor is a cleaning chemical called dichloromethane (aka methylene chloride). “Dichloromethane is reasonably anticipated to be a human carcinogen based on sufficient evidence of carcinogenicity from studies in experimental animals.”-Report on Carcinogens, Twelfth Edition (2011)
According to a study by University of Occupational and Environmental Health, cancer rates among printing industry employees is 600 times higher than than the average Japanese man who dies from bile duct cancer!
The identification of dichloromethane, and other cleaning solvents, is leading investigators to look at other industries that also use those chemicals.
Japanese doctors will now question people who get bile duct cancer (or related cancers), as to what industry they work in. Health officials are concerned that industries are not taking the proper precautions, such as proper ventilation of work place.
On 10 July 2012, a report by The Mainichi revealed that workers in certain U.S. industries suffer high rates of cancer. The thing is the study was released back in 1990, not in U.S. publications but in a European magazine! (Mortality update of cellulose fiber production workers)
U.S. health researchers studied 1,271 people who worked at a factory in South Carolina between 1954 and 1977. Workers had developed liver cancer, from cancerous bile duct cells. The mortality rate was 20 times higher than the U.S. average! The main culprit; dichloromethane!
When Japanese health researchers read the study, more than a decade later, they decided to investigate Japanese industries. It was that initial study that revealed the outrageously high cancer rates of printing industry workers!