Tag Archives: Kleptocracy

Another False-Flag

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“We’re done folks. CNBC is reporting that there are now clients running out of the markets entirely because they do not believe their customer funds are safe. That’s the end of it. The belief that there are more MF Globals has now taken hold. The thieves have pushed it too far and now we’ve got the start of a global liquidity run, and with good reason”

—  Karl Denninger at The Market Ticker

[Gerald Celente, noted financial analyst and publisher of The Trends Journal, said recently that he’d lost six figures in the collapse of MF Global, which owned his commodity futures brokerage file and filed for bankruptcy on October 31, 2011. MF Global was headed by corrupt ex-Goldmanite Jon Corzine, who has resigned from MF and  is now being sued by investors.

Celente then called for a run on the banks on a show with talk radio host, Alex Jones, an anti-NWO activist:

“When I say take your money out of the banks and put it under the mattress, this is not advice,” Celente says. “Personally, I buy gold coins from reputable companies. I take my money out of investment funds and I buy gold and silver. You need the three g’s — gold, guns and a get-away plan.”

Celente has called for “direct democracy” recently,  a demand that I think is in tune with what the financial elites want. That’s what made me think the MF collapse was being used as a false-flag of some kind.

It was, maybe, intended to provoke a run and Denninger is amplifying it.

I recall that Max Keiser (a former derivatives trader and leftist who has now set himself up as a critic of derivatives) tried to provoke a bank run on JP Morgan, by telling people to go buy silver in December 2010.

Keiser disengages himself from Al Gore these days, but he still believes in anthropogenic global warming and the need for something to be done about it.

He seems to want chaos and confrontation on the streets, according to those who follow him closely. He is in favor of a carbon exchange, which, as a trader, he probably knows would be very lucrative for insiders.

On the forums of PrisonPlanet, one observer notes that Keiser claimed that if silver went to $47, JP Morgan would collapse.  Well, silver went to $49 this year, and JP Morgan is still around.

I have no idea what Celente’s role is in all that, but it’s all mighty suspicious to me.

He has, for instance, said that he is “all for this Occupy Wall Street”.

No ifs, no buts. No reservations. No questions.

It’s all good, for Mr. Celente. It’s all democracy, even thought it’s apparently paid for by billionaire George Soros, to whom the CIA has essentially outsourced its functions.

I didn’t comment on the story before, not knowing what happened exactly, but now I’m beginning to think it was intended to provoke a run and maximum panic. Apparently, it’s had that effect.

Celente and others are also promoting “direct democracy”, which, like “full transparency”, is something the elites want, whatever its inherent merits. Those merits aren’t the point. The elites will use whatever tool they can.

The point is direct democracy in which the social media is manipulated anonymously by intelligence agencies, corporations, governments, and media shills, is  tyranny by another name.

Here is what I wrote about Celente last month.

Gerald Celente Stabs anti-NWO Folks Front, Back, and Center, October 14, 2011:

I do not  say that direct referendums necessarily lack merit. They might work, were we living in small city states…. and were the internet discontinuous, fragmented, and highly private…. and were most people rational, well-educated, self-critical and self-reliant.

But we aren’t, it isn’t, and they aren’t.

So Direct Internet Democracy will not be anarchism, right or left, and it won’t be Christian liberty. Nor will it be federalism or decentralization.

It will be the direct control of the masses through electronic networks, propaganda, surveillance, and co-option of alternative mouthpieces of all stripes, across the board.

Direct Electronic Democracy = Tyranny

I call it Direct Electronic Action for Tyrants and Demagogues

Which equals DEATH. The death of true liberty.

Rajat Gupta Faces Possibly 100 Years In Prison

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Update 3

Please note: the charges against Gupta are just charges and that he denies having passed any information to Rajaratnam. He also denies having profited from any of his Galleon investments. In fact, he claims he lost his entire investment. Also, this is perhaps the first time someone of Gupta’s stature has ever been charged with insider trading, which is usually never brought against managers, and never against anyone of his reputation, which, from all accounts, is sterling.

Update 2: It seems Gupta has been involved has also been accused of some shady deals in India that involved off-shore accounts, shell accounts, price-fixing (hmm… the government doesn’t fix prices?), and money-laundering, including an attempt to buy the Tamil Nadu Mercantile Bank, a very important bank in a state that receives the most foreign investment (Toyota, Ford, Hyundai all have shops there).

Who are those foreign investors, I wonder? And why did they want to buy a 33% stake in that particular bank? Remember TN is the state where Tamil separatism is strong and the Afro-Dalit movement is being fueled by foreign-funded NGOs and missionaries with divisive and false theories of history.

Update (November 21): I’m going to correct myself here.  I think the insider-trading charges by themselves are a side-show, but I have a feeling that they are only the tip of something else. And that something else might lie in India.

ORIGINAL POST

I was wrong about the threat to the US economy. I thought it had something to do with a tidal wave of cheap money fueling massive fraud, corruption, and crime.

I was thinking big. Along the lines of  trillions of dollars of derivatives, world-wide depression, and collapse of the paper-money system. At the heart of it was the Federal Reserve and a network of firms and speculators with Goldman Sachs at the center.

I was wrong.  It seems Goldman Sachs is actually one of the witnesses, standing in the wings, ready to testify against the really bad guy.

That would be this bloke,  Rajat Kumar Gupta.

Gupta is the former Worldwide Managing Director at McKinsey, board member of Goldman Sachs and Procter & Gamble (among many others); director of the Qatar financial authority; chairman of the board of the Indian School of Business, Harvard Business School, MIT Sloan (among others); Co-Chair of the American India Foundation and member of the board of the Bill and Melinda Gates Foundation (among others); and UN Sec. Gen. Special Advisor on UN Management Reform.

He is no longer any of these, of course.

He resigned his positions following his indictment on October 2, 2011 on six criminal counts of securities fraud and conspiracy in the Galleon Group investigation that has already led to a 11-year prison term for the head of Galleon, Sri Lankan born Raj Rajaratnam on 14 counts of insider trading and securities fraud (US v Rajaratnam). The Feds, bless their stony hearts, actually wanted to give him 19-24 years for doing what members of Congress do routinely, without a blink from anyone.

Insider-trading is not a victimless crime as it’s portrayed to be, but it’s also not out-and-out fraud.

And Gupta had a sterling reputation in the corporate world for decades before these charges.

Just for contrast, the Crazy Eddie case, perhaps the most notorious case of fraud before Enron, involved routine embezzlement of millions in company funds, falsification of accounts, money-laundering, securities fraud, and insider trading.  It earned Eddie only eight years in jail, of which he served less than two.

This is equality before the law?

Gupta was first charged by the SEC on March 2011 with administrative civil insider-trading charges for passing material non-public information to Rajaratnam, an old friend. He counter-sued, and both suits were dropped in August 2011.  Then came criminal charges, and Gupta surrendered to the FBI on October 26, before he was released on $10 million bail.

A lower middle-class boy from Calcutta who lost both parents in his teens, Gupta rose to become the first Indian-born CEO of a multinational  and a multimillionaire who hobnobbed with the richest men on Wall Street.

It was Some speculate that perhaps the proximity to the easy money of the hedge-fund crowd that led to the tragic end of what looks like an extraordinary career. Gupta was not just professionally successful but well-respected for his contributions to India’s development and humanitarian needs (especially in the wake of the Gujarat earthquake).  Apparently, whatever he did, he didn’t do it with an easy conscience, if Rajaratnam’s taped conversations are to be believed.

But something tells me there’s a whole lot more going on here than these details.

Trading on non-public information is a big no-no, true. But, Goldman Sachs gets to testify against Gupta? Look up the dictionary for “racketeer” and there’s a picture of G-Sachs,  as I’ve written before.

But I don’t see any charges, let alone a decade of jail-time, for, say, Hank Paulson.

Isn’t it strange that people like Robert Rubin (Citigroup’s corrupt chair who as Treasury Secretary tried to pull strings to prevent the downgrading of Enron’s debt rating when Citi was its biggest creditor); Hank Greenberg (whose years at AIG turned it into a hairball of corruption); Alan Greenspan (currency counterfeiter and market manipulator); Ben Bernanke (currency counterfeiter); and all the other malefactors who really did the damage to the world economy are still in business?

One of the insider tips for which Gupta was indicted was this one:

“Jurors in Rajaratnam’s trial also heard a telephone conversation, secretly wiretapped on Sept. 24, 2008, in which Rajaratnam tells Horowitz he had gotten a phone call saying “something good may happen to Goldman.” Prosecutors said Rajaratnam was referring to a tip from Gupta that Warren Buffett’s Berkshire Hathaway Inc. would invest $5 billion in Goldman Sachs.”

Say what?  Rajaratnam gets 11 years in jail for getting a tip about Buffett’s investment in GS?

And Buffett? Wasn’t that investment insider-dealing on Buffett’s part?

Economic Policy Journal notes:

” It appears that Warren Buffett has been given a pass for many years. His investment in Goldman Sachs at the height of the recent financial crisis, just before the government announced a bailout of Goldman and other investment banks, is highly suspicious. The purchase sure looks like a crony government-Buffett deal.
Early on I raised questions about Buffett’s timing on his recent Bank of America purchase. Now, NyPo is featuring questions about Buffett’s timing.”

I blogged about Buffett’s sweetheart deals in 2009, in this post and this one.

Let’s have a little proportion here, or else some of us are going to start thinking that these show trials (because that’s what they are) are just a convenient way to keep Asian Indian businessmen in their place and make it so they can’t challenge the older, more entrenched and powerful networks on the Street.

This is how a CFO from Infosys sees it:

“The government seems to have gathered enough evidence to show his complicity. What hurts is that Gupta’s punishment, if he is found guilty, will be disproportionate to his crime. And he, and Raj Rajaratnam of Galleon, are being publicly shamed and scanned while the Wall Street perpetrators of the U.S. sub-prime crisis which has led to massive joblessness and global economic recession, are being bailed out with taxpayer money and apparently forgiven their sins. “No one is punishing those who caused the global financial crisis through fraudulent means,” says Mohandas Pai, chairman of Manipal Universal Learning and former chief financial officer of Infosys Technologies, Bangalore.”

Still, as I’ve said, I still think there’s more than meets the eye here.

There is something much bigger than a few shady insider deals at stake.

This has to do with the whole anti-corruption and anti-money laundering drive in India. And, sure enough, the Indian government is investigating Gupta for his deals in India, as well.

I’ll bet all this is about fueling the Anna Hazare movement, with its weird resemblance to OccupyWallStreet, which, by the way, let out cheers when it heard about Gupta….

Curiouser and curiouser…

Benazir Bhutto And The Accidental Death Of Ron Brown

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Jack Cashill on the death of former Commerce Secretary Ron Brown and its connection to a BCCI official and extraordinary corruption at the highest levels of the Pakistani and the US government.

“The story begins in 1987, when Benzahir Bhutto, the eldest daughter of a former Pakistani prime minister, married a polo-playing idler by the name of Asif Ali Zardari.

Educated at Harvard and Oxford, the pretend populist Bhutto denounced the greed she saw around her, especially the “avaricious politicians” who were destroying her country.

Among the greediest was the nation’s strongman ruler, Gen. Mohammed Zia ul-Haq, who was not about to share what he had so brutally acquired.

Eight months after Bhutto’s marriage to Zardari, however, Zia died in what The New York Times called “a mysterious plane crash.” This unexpected tragedy, added the Times, “opened the way for Bhutto to win a narrow election victory.”

Although there were no subsequent arrests, few in Pakistan believe this crash to have been an accident.

Bhutto’s new husband, Zardari, quickly proved to be more avaricious a politician than Zia. His conspicuous gift for extortion as Bhutto’s Minister for Investment earned him the honorific “Mr. Ten Percent.”

In 1990, Zardari allegedly attached a bomb to a Pakistani businessman and forced him to withdraw money from his bank account. He was arrested for blackmail and convicted.

Largely because of Zardari, the President of Pakistan dismissed Bhutto in August 1990 for corruption and inability to maintain law and order. In 1993, however, Bhutto was elected Prime Minister once again, and Zardari’s conviction was overturned.

Brown likely met Bhutto and Zardari for the first time in South Africa in May 1994, where all three had gone to witness the inauguration of Nelson Mandela as the country’s first black president.

At about this same time, back in Washington, according to Dresch, Brown made the acquaintance of a Bhutto protegee, Pakistani’s new ambassador, the glamorous Maleeha Lodhi.

With a Ph.D. in politics from the London School of Economics and her movie star looks, Lodhi, a single mom, took Brown and Washington by storm.

In November 1994, although Pakistan already had an official lobbyist, Lodhi chose to give some of her business to Patton Boggs, Brown’s former employer.

Signing the contract for Patton Boggs was none other than Lanny Davis, a partner who would soon earn his fifteen minutes of fame by flakking on nightly cable shows for Clinton during the Monica fiasco.

Lodhi and her lobbyists had one overriding mission: to kill or suppress the so-called Pressler amendment and close the books on a deal for American F-16 fighter bombers that had been initiated years before.

In brief, the amendment declared that no American military or technology aid could go to Pakistan unless it would “reduce significantly the risk that Pakistan will possess a nuclear explosive device.”

Pakistan was understandably miffed that George Bush applied the amendment in 1990 after Pakistan had already paid General Dynamics $658 million for 28 F-16s.

Amer Lodhi, Maleeha’s brother, saw an opportunity in the F-16 imbroglio. A former executive with the infamously corrupt Bank of Commerce and Credit International (BCCI), Amer got to know Brown through his sister. When in D.C., Zardari joined the party.

Inevitably, Amer Lodhi and Zardari came up with a scheme. Not surprisingly, it involved the always pliable Brown. Brown was to use his influence not to secure the F-16s, but to get Pakistan its money back.

Incredibly, Zardari and Amer Lohdi planned to pocket at least $400 million of the returned money minus an 8%, or $32 million, cut for Brown. For Brown, this was to be the mother of all insider deals.

Although Brown’s pull was scarcely worth $32 million, the Pakistani investment in Brown had an insidious intelligence about it. By involving Brown the Pakistanis were by extension implicating the White House in their scheme.

With the 1996 election at stake, exposure could damage the Clinton administration almost as much it would Bhutto’s. The best way to avoid exposure would be to keep Bhutto in power. If push came to shove, everyone would have an interest in doing just that..”

Read the entire article at the website of Jack Cashill.

UN: Abandon Dollars, All Ye Who Enter NWO (Updated)

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Update: (July 1): The alternative sites have just picked this up today July 1. See 321gold (via Press TV, Daily Reckoning)… Chuckle.  You get the scoop here…

One more call for replacement of the dollar with SDRs, which will be under central management at the BIS (Bank of International Settlements). My notes in italics.

Reuters, Tuesday, 29 Jun 2010

“A new United Nations report released on Tuesday calls for abandoning the U.S. dollar as the main global reserve currency, saying it has been unable to safeguard value. Continue reading →

Louisiana Paper Demands Public Access To All State Records On Oil Spill

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From Bill Barrow at The Times-Picayune, June 18, 2010:

Gov. Bobby Jindal could face tough decision on opening his oil spill records

The House of Representatives voted 77-12 today to ratify Senate changes on a public records bill that would require the governor to grant public access to all state records related to the Gulf oil spill, putting Gov. Bobby Jindal in uncomfortable position politically. Continue reading →

16 Burning Questions About The BP Oil Spill

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From The Economic Collapse Blog, 16 burning questions about the BP oil spill in the Gulf of Mexico:

#1) Barack Obama has authorized the deployment of more than 17,000 National Guard members along the Gulf coast to be used “as needed” by state governors.  So what are all of these National Guard troops going to be doing exactly?  Are the troops going to be used to stop the oil or to control the public? Continue reading →

Oil Spill, Possibly Worst Ever, May Continue For Years

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Bill Engdahl at VoltaireNet:

“The Obama Administration and senior BP officials are frantically working not to stop the world’s worst oil disaster, but to hide the true extent of the actual ecological catastrophe. Senior researchers tell us that the BP drilling hit one of the oil migration channels and that the leakage could continue for years unless decisive steps are undertaken, something that seems far from the present strategy.

In a recent discussion, Vladimir Kutcherov, Professor at the Royal Institute of Technology in Sweden and the Russian State University of Oil and Gas, predicted that the present oil spill flooding the Gulf Coast shores of the United States “could go on for years and years … many years.” [1]

According to Kutcherov, a leading specialist in the theory of abiogenic deep origin of petroleum, “What BP drilled into was what we call a ‘migration channel,’ a deep fault on which hydrocarbons generated in the depth of our planet migrate to the crust and are accumulated in rocks, something like Ghawar in Saudi Arabia.” [2] Ghawar, the world’s most prolific oilfield has been producing millions of barrels daily for almost 70 years with no end in sight. According to the abiotic science, Ghawar like all elephant and giant oil and gas deposits all over the world, is located on a migration channel similar to that in the oil-rich Gulf of Mexico. Continue reading →

Agenda 21 Alert: Cap & Trade’s Scoping Plan Will Crush Small Business

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Cassandra Anderson at Freedom Advocates sounds the alert about the underhanded push for “sustainable development” –  Agenda 21 – through ‘Cap and Trade”.

(By the way, we’re all for sustainable development as long as it’s voluntary and comes without the heavy hand of the kleptocracy. So too we’re all for caring for the environment, choosing your family size wisely, reusing resources, and cultivating modesty, restraint, and thrift as essential components of the supremely capitalist moral virtue of prudence. But we’re not for any of these things when they’re hustled through surreptitiously as part of an agenda of top-down control and expropriation of people’s wealth and work). Continue reading →

Jamie Dimon Weighs In On “Too Hot” Former Citi Employee?

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Update:

The case gets stranger. Lorenzana was on a 2003 TV serial, giggling about breast implant surgery she’d had. Knowing that, would any lawyer have framed her case the way it was? Of course, this doesn’t mean she wasn’t the target of harassment. The surgery itself says nothing. It’s commonplace. Do men who take viagra or steroids lose their civil rights? No. And a competent corporate lawyer would, of course, make it the first order of business to establish that the plaintiff in a harassment suit was a slut and “asking for it.” That’s quite usual. But I remain suspicious why this story, like the Helen Thomas story, has suddenly become so prominent….Maybe to create a little sympathy for the banks? Take the focus off the Gaza flotilla? Continue reading →

Rothschild (Dec. 2008): Buy Bonds, Oil, and Raw Materials

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Video 1: An interesting interview by Maria Bartiromo of Sir Evelyn de Rothschild on the financial crisis (December 2008). Here’s a quick break down of his main points: Continue reading →