Tag Archives: wall street

Business/Economics, International

World War 3: IMF & EU banks trying to take over Cyprus banking system! Yet another attempt to seize depositors’ accounts!

22 March 2013/10 Jumada l-Ula 1434/02 Farvardin 1391/11 Yi-Mao (2nd month) 4711

“Time is up, we want our cash! Our friends in Europe brought us to this point. We expected more.”-Maria Melitou, Cypriot accountant

The latest reports are that hundreds of people, if not thousands, are clashing with police in the capital city of Cyprus.  All because the European Union wants to take their bank accounts.

European Central Bank (ECB) officials are now pressuring Cyprus to close down its banks, as part of the latest bailout offer.  The ECB is also demanding the freezing of any accounts that are not insured!

The International Monetary Fund (IMF) estimates that they would be able to seize 40% of uninsured assets and accounts!

German officials said the radical bailout offer is justified because the two biggest banks in Cyprus will fail anyway.  The German official said seizing uninsured accounts would actually leave more money in the Cypriot banking system than if the two biggest banks failed outright.

But there are several Russian billionaires who have large amounts of uninsured deposits in Cypriot banks, and they say this is just an attempt by the ECB to steal some free money.

Another German official admitted in a Christian Science Monitor interview that the European Union wants to get its hands on the suspected tens of billions that are in the almost unregulated Cypriot banks: “We want this to be taxed.”-Michael Fuchs, a member of Angela Merkel’s Christian Democrats

The Cyprus Popular Bank (aka Laiki Bank) said it will fail outright on Monday, 25 March 2013.  The Cypriot government is considering a law that would ban money being taken out of the country.  Also, ATMs are running out of money because of the amount of people trying to cash out (the banks are still closed).

Right now 67.3% of Cypriots want out of the European Union.  There are reports that if Cyprus goes along with a ECB bailout that Russia could dump its holdings of euros.  42% of Russia’s foreign exchange currency holdings are in euros.  Prime Minister Dmitry Medvedev says it’s not worth it to have euros if the ECB gets its way: “If it can be done in Cyprus, why not in Spain, in Italy, or in other countries where there are problems with finances? Tomorrow they will start to confiscate deposits there.”

 

 

International, U.S.

World War 3: U.S. establishes new drone base in Africa!

22 March 2013/10 Jumada l-Ula 1434/02 Farvardin 1391/11 Yi-Mao (2nd month) 4711

The United States is setting up a base in Niger, for unmanned attack aircraft (drones).  The official reason is to help France in its ongoing war in Mali, and to attack anyone in the region the U.S. labels as al-Qaeda.  So far only unarmed drones have been seen flying off of the base.

Reports say this is just part of the planned dozens of U.S. drone bases that will be set up all over the continent of Africa.  Doesn’t that cost money the U.S. supposedly doesn’t have? Typical!

International, Opinion, U.S.

World War 3: Obama biggest hypocrite ever!

22 March 2013/10 Jumada l-Ula 1434/02 Farvardin 1391/11 Yi-Mao (2nd month) 4711

During his trip to Israel, U.S. President Barack Obama urged Israelis and Palestinians to put aside differences and reconcile.

How can Palestinians put aside differences and reconcile when it is the United States that continues to support Israeli crimes against Palestinians?!?  Day after day, week after week, months after month, year after year it is the Israelis who take Palestinian land, who raid Palestinian homes, who prevent Palestinians from getting jobs, who arbitrarily lock up Palestinians for indefinite “administrative detention”, who assassinate Palestinians, who bomb Palestinians…..and it’s all funded with the tax dollars of the United States citizen!

All actions by Palestinians pale in comparison to what the Israelis are doing.  And the actions of the Palestinians are in response to what the Israelis are doing, the Israelis draw first blood almost daily!

Obama you’ve got to be the World’s biggest hypocrite!

International, U.S.

Evil Elites: Cops & Prosecutors caught in massive sex crimes case. Study shows most sex crimes take place in broad daylight!

22 March 2013/10 Jumada l-Ula 1434/02 Farvardin 1391/11 Yi-Mao (2nd month) 4711

Several top law enforcement officials and even the top government official in charge of prosecuting vice cases, were caught taking part in large orgies.

At least 12 people, including doctors and main streamer media bosses are now being accused of using the orgies as bribes, and even gang raping a woman who was mistaken for a sex worker.

It’s happening in the U.S. occupied country known as South Korea (aka Republic of Korea).  Police began investigating after a woman reported that she was raped by prominent officials at an orgy that she did not want any part of.

ROK’s Vice Justice Minister, Kim Hak-eui, has resigned even though he claims innocence.  There is one major problem with all the officials claiming they’re innocent, the house where the orgies were taking place had CCTV cameras and two of the female sex workers made sure to keep copies of the video taped orgies!

Police suspect a connection between the now former Vice Justice Minister and Yun Jung-cheon, a go-between for major construction contractors looking to fast track their projects (bribe officials to get around regulations).

This latest case is already tarnishing the newly elected Park Geun-hye, as Kim Hak-eui is one of her cronies.  Park is also accused of simply taking over her father’s U.S. backed dictatorship.

This case is also breaking at the time the Justice Ministry releases its bi-annual report on women and gender equality.

For 2011 most sex crimes against women took place in quiet upscale residential neighborhoods, actually in the street, and mostly on Saturdays. This is followed by sex crimes taking place in houses then apartments. 55% took place between 05:00 hours and 20:00 hours (that’s 5am and 8pm for those of you who don’t know there are 24 hours in a day).  The report does not look at crimes against men.  (I suspect, as in Idaho U.S.A., there are no laws ‘protecting’ men from sex crimes, so much for equal rights)

This latest report is interesting because it used police and court records to determine that most sex crimes take place in quite neighborhoods, while another report that tracks registered sex offenders says most convicted sex offenders live outside of metropolitan areas.  This suggests that ongoing sex crimes in cities are not being committed by registered sex offenders.

In another disturbing report, the Ministry of Education, Science and Technology said teenage sex crimes have risen 9.3 fold between 2007-2012.  In 2011 there were 292 cases of teenaged sex crimes in ROK, but in the first seven months of 2012 there were 354 cases!

One analyst thinks the trend is a backlash against the U.S. backed authoritarian regime. Other analysts say it’s about power and control.  Some teenagers try to use the sex crimes as extortion, while others use it as a form of violence.

In any case, as we used to say in the Old Skool Cold War military: Shit rolls down hill.  Just another way to say what happens at the top of society eventually happens at the bottom.  You got corrupt sicko leaders you’re gonna end up with corrupt sicko kids!

 

International, U.S.

World War 3: U.S. occupation of Afghanistan; 14 – 17 March 2013. The U.S. just keeps breaking promises! More proof the U.S. is not leaving! Spain getting out!

17 March 2013/05 Jumada l-Ula 1434/27 Esfand 1391/06 Yi-Mao (2nd month) 4711

In Badakhshan Province, a major battle between Mujahideen, Afghan National Army (ANA) and Police (ANP).  Mujahideen claim they killed 20 ANA and ANP personnel, and wounded at least 10.  The ANA and ANP launched an offensive in Wardaj district.  Mujahideen say the fighting lasted all day, but they were able to almost surround the U.S. backed government forces and forced them to retreat. Mujahideen also destroyed three armored vehicles and captured 30 weapons.  Only three Mujahideen were killed.

In Kandahar Province, a U.S./NATO led patrol entered Zangawat region’s Gerandi area, in Panjwaee district, in order to retrieve two bodies of personnel that had been killed earlier.  Mujahideen ambushed them and a 30 minute long firefight took place. The U.S./NATO led forces eventually left, and two Mujahideen were killed.

Reports that Afghan and U.S./NATO officials are working on a deal to withdraw U.S. SOF personnel out of Maidan Wardak Province.  It’s long past the deadline ordered by President Karzai for the SOF troops to get out. Civilians of the province say the U.S. troops are harassing, torturing and killing innocent people.

In Helmand Province, reports that an unarmed Mujahid attacked and then killed two Arbakis (contracted security/mercenaries).  He did so by using their own weapons on them.  He then took off with their weapons, ammo and a motorcycle.  Also, in Marjah district, in the Tarkha Nawar area, reports of sporadic ongoing battles ever since U.S./NATO led forces were brought in by helicopters the day before.

In another controversy involving the U.S., the Bagram Prison (aka Parwan Detention Facility) has yet to be turned over to Afghan officials as promised. The National Ulema Council said if the U.S. does not get out of the prison then all U.S. forces will be considered enemy occupiers by the Council and military action will be taken.  President Karzai says he’s agreed with U.S. officials to give yet another week to hand over the prison (boy, the U.S. must have committed a lot of crimes against humanity in there if it’s taking them this long to cover up their evil).

And President Karzai has told British media that the Obama administration has become desperate to work a new security deal.  Karzai says under the new deal the U.S. will not leave Afghanistan. For some reason Obama is pushing hard for it, but Karzai says time is on his side now: “The Americans are in a hurry to sign it in three months. We are not in a hurry. We are careful.”

16 March 2013/04 Jumada l-Ula 1434/26 Esfand 1391/05 Yi-Mao (2nd month) 4711

In Kandahar Province, a U.S./NATO helicopter crashed.  One crewman was killed.  As usual ISAF says there was no enemy activity in the area and they’re investigating the cause.

In Paktika Province, villagers in Tarwa district say Afghan government forces raided their homes.  One villager was killed and two were kidnapped.

In Helmand Province, a U.S./NATO drone crashed in Marjah district. After that a U.S./NATO heliborne operation began, battles are reportedly still ongoing.

In Uruzgan Province, a local police commander joined the Mujahideen in Char Chino district.

In Herat Province, Spanish officials announced they are getting their troops out early.  Already they’ve closed two bases and are working on closing a third.  They hope to have all their troops out by 2014.

15 March 2013/03 Jumada l-Ula 1434/25 Esfand 1391/04 Yi-Mao (2nd month) 4711

In Kunar Province, Mujahideen claim to have attacked a FOB (forward operating base) in Watapur district.  They say they killed one U.S. troop and wounded two ANA troops.

In Ghazni Province, Mujahideen report more battles with U.S. and ANA forces in Shulgar district.  They claim four U.S. personnel killed and four ANA personnel killed, dozens wounded.

In Logar Province, Mujahideen got four fuelers for the price of one. They say they remote detonated a bomb as one fuel tanker was passing, the resulting fire ball engulfed three other fuelers destroying them as well.

The World Bank announced yet more money for Afghanistan: “The World Bank Group is strongly committed to helping the Afghan people end poverty and build shared prosperity in the years ahead…..We will support programs in areas that the Afghan government has identified as crucial to meeting its development goals, including education, health, irrigation, energy, infrastructure and rural development. We are also focused on improving the government’s capacity to deliver services to its citizens, and on fostering a business climate that unleashes the job-creating potential of the private sector.”-Jim Yong Kim, President of World Bank

14 March 2013/02 Jumada l-Ula 1434/24 Esfand 1391/3 Yi-Mao (2nd month) 4711

In Ghazni or Laghman Province, Mujahideen report they ambushed a U.S./ANA patrol. The report is confusing because it mentions two different provinces. Anyway, Mujahideen say the U.S. forces called in airstrikes afterwards.

In Nangarhar Province, three tribes joined the Mujahideen in Khogiyani district.  They promised 250 of their men to help fight the occupation.

And the official number of U.S. personnel expected to remain after the supposed 2014 pullout is slowly creeping up.  Now the U.S. Ambassador to Afghanistan, James Cunningham, is asking to keep at least 13600 personnel incountry after 2014.  Other U.S. officials stressed that it was just a starting number: “You have to start at 13600. That is the least risk with least amount of people. That allows us to be in the four corners of Afghanistan and continuing to train the Afghan military.”-Duncan Hunter, U.S. Representative from California

Business/Economics, International

World War 3: South Korea blames China for latest cyber attack!

21 March 2013/09 Jumada l-Ula 1434/01 Farvardin 1391/10 Yi-Mao (2nd month) 4711

The Republic of Korea’s National Police Agency now says that yesterday’s cyber attack came from a Chinese IP address.

Three major South Korean TV broadcasters and three banks were shut down by hackers using a virus.  Also, more than 32000 computers have been affected and will take up to five days to fully restore them.

ROK cops say they still suspect North Korea as they could have accessed South Korean computers using the Chinese IP.

International, U.S.

World War 3: Like father like daughter, proof South Korea is a U.S. backed dictatorship?

21 March 2013/09 Jumada l-Ula 1434/01 Farvardin 1391/10 Yi-Mao (2nd month) 4711

The ROK Supreme Court has just ruled unconstitutional the Martial Law declared by former U.S. backed dictator Park Chung-hee. South Korea has technically been under Martial Law since 1971 (bet you didn’t know that).

Park Chung-hee ruled the U.S. backed Republic of Korea from 1961 to 1979.  His first time as ruler came by a military coup.  In 1963 he supposedly won a  democratic election.  In 1972 he declared Marital (military) Law.  His rule came to an end when he was assassinated by one of his own body guards.

Never did the U.S. government complain about his rule.  Never did the main streamer U.S. media report about his dictatorship.  Now his daughter, Park Geun-hye, is the new President of South Korea.

Business/Economics, International

What Economic Recovery? Cyprus banks to remaind closed for another week! Signs of banks not Too Big to Fail!

21 March 2013/09 Jumada l-Ula 1434/01 Farvardin 1391/10 Yi-Mao (2nd month) 4711

After rejecting an privately funded European Union bailout, and after starting negotiations for a bailout from Russia, banks in Cyprus have decided to remain closed for another five days.

This is because many Cypriots plan on withdrawing all their money.  This is because the EU bailout plan involved a heavy tax on bank accounts.  ATMs are still working, but reports say it’s difficult to keep them filled with cash because of all the withdrawals.

There is also signs that two major banks are in trouble. Cypriot media is reporting that the government is going to create new banks to take over ‘good’ accounts from the Bank of Cyprus and Cyprus Popular Bank.  The two banks are rumored to be allowed to fail.

Officials with Cyprus Popular Bank are reportedly in Russia looking for a buyer.  Other reports say banks are being offered to Greek buyers.

The Ministry of Finance and Central Bank officials are also working on creating bonds that will be backed by the future development of natural gas sites from Leviathan.

International, U.S.

World War 3: More proof the U.S. is behind WMD attack in Syria, they’re delaying the UN investigation! U.S. puppet agents say no Syrian soldiers reported killed, that’s a lie!

21 March 2013/09 Jumada l-Ula 1434/01 Farvardin 1391/10 Yi-Mao (2nd month) 4711

On 20 March the Syrian government demanded a United Nations investigation into the supposed gas attacks in Aleppo Province, and possibly in the city of Damascus.

Now the United States, France and United Kingdom (all backers of the insurgency) are working hard to delay the UN investigation.  Why?  If it turns out that a gas attack was launched by the Syrian government wouldn’t that play into their ‘red line’ threat of all out war?

Also, in a U.S. News & World Report article Maher Nana, co-founder of Syrian Support Group in Florida, said the Syrian government did not report any soldiers killed in the WMD attacks.  A bold face lie as the Syrian government reported at least 10 of their soldiers killed in the Aleppo Province attack!  Nana was using the bogus claim as a way to prove the gas attacks came from the Syrian government.

International, U.S.

World War 3: Proof the U.S. behind WMD attack in Syria? U.S. officials deny such an attack took place! Remember the Red Line the Obama Administration drew?

20 March 2013/08 Jumada l-Ula 1434/30 Esfand 1391/09 Yi-Mao (2nd month) 4711

Officials with the U.S. government first denied a gas attack took place in Syria, saying there was no evidence, then said if WMD attack took place it was from the Syrian government.

But U.S. News & World Report says they have evidence the WMD attack was from a Syrian government Scud missile that missed its target.  They also say there was a second gas attack in Damascus.

If you remember, last year the Obama administration said if the Syrian government used WMDs then the U.S. would go to war: “This is a red line for the United States. I am not going to telegraph in any specifics what we would do in the event of credible evidence that the Assad regime has resorted to using chemical weapons against their own people. But suffice it to say, we are certainly planning to take action if that eventuality were to occur.”-Hillary Clinton, Secretary of State at the end of 2012

Notice the choice of words Hillary used: “eventuality”.  The Obama administration was pretty sure WMDs were going to be used.

Isn’t it interesting that the gas attack took place on the day Obama went to Israel?  And where are the cries for action from the Israelis, who in the recent past have been all whiny about the Syrian ‘civil war’ (they even shot and killed Syrians trying to cross the border, and bombed Syrian military convoys near the Lebanese border)?  Now everyone is being extra cautious in their statements, or not commenting at all.