Josh Kilbourn: JP Morgan Whistleblower Being Ignored?

Commerce, Commercial Intelligence, Corruption
Josh Kilbourn

The Crazy Things That One Whistleblower Says Are Happening At JP Morgan Will Blow Your Mind

The Economic Collapse Blog,18 March 2012

Rampant silver manipulation?  Rampant gold manipulation?  Rampant LIBOR manipulation?  Hiding MF Global client assets?  These are all happening at JP Morgan according to an open letter reportedly written by an anonymous employee of the firm.  The whistleblower also warns of a “cascading credit event being triggered” by derivatives related to Greek government debt.  Unlike Greg Smith at Goldman Sachs, this whistleblower has chosen to remain anonymous for now.  According to the letter, the whistleblower is still an employee of JP Morgan and has not resigned.  But that does make it much more difficult to confirm what he is saying.  With Greg Smith, we know exactly who he is and what he was doing at Goldman.  As far as this anonymous whistleblower is concerned, all we have is this letter.  So we must take it with a grain of salt.  However, the information in this letter does agree with what whistleblowers such as Andrew Maguirehave said in the past about silver manipulation by JP Morgan.  And this letter does mention Greg Smith's resignation from Goldman, so we know that it must have been written in the past few days.  Hopefully this letter will cause authorities to take a much closer look at the crazy things that are going on over at JP Morgan and the other big Wall Street banks.

This anonymous letter was addressed to the CFTC, but unfortunately it looks like the CFTC has already chosen to ignore it.

The original letter from this anonymous whistleblower has already been taken down from the CFTC website. When you go there now, all you get is this message….

“The Comment Cannot Be Found. Please Return to the Previous Page and Try Again.”

Fortunately, there are many in the alternative media that copied this entire letter from the CFTC website.

The following is a copy of the original letter that the anonymous whistleblower from JP Morgan submitted to the CFTC….

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Continue reading “Josh Kilbourn: JP Morgan Whistleblower Being Ignored?”

Berto Jongman: Economic Consequences of War

04 Inter-State Conflict, 07 Other Atrocities, 09 Justice, 11 Society, Commercial Intelligence, Corruption, IO Impotency, Misinformation & Propaganda, Money, Banks & Concentrated Wealth, Officers Call, Peace Intelligence, Power Behind-the-Scenes/Special Interests
Berto Jongman

Economic Consequences of War

New report released by the Institute for Economics & Peace analyses the macroeconomic effects of US government spending on wars and the military since World War II.

The IEP’s latest report,  Economic Consequences of War on the US Economy,  analyses the macroeconomic effects of US government spending on wars and the military.

The report studies five periods – World War II, the Korean War, the Vietnam War, the Cold War, and the Afghanistan/Iraq wars – exposing the effect of war financing on debt, consumption, investment, jobs, taxes, government deficits, and inflation.

The findings of the report show devastating trends for US tax, debt and deficit debates.

Download the report here

Key findings

The U.S. has paid for its wars either through debt [World War II, Cold War, Afghanistan/Iraq], taxation [Korean War] or inflation [Vietnam]. In each case, taxpayers have been burdened, and private sector consumption and investment have been constrained as a result.

Report highlights

The report shows the following economic indicators experiencing negative effects either during or after the conflicts:

  • Public debt and levels of taxation increased during most conflicts
  • Consumption as a percent of GDP decreased during most conflicts
  • Investment as a percent of GDP decreased during most conflicts
  • Inflation increased during or as a direct consequence of these conflicts

The higher levels of government spending associated with war tends to generate some positive economic benefits in the short-term, specifically through increases in economic growth occurring during conflict spending booms. However, negative unintended consequences occur either concurrently with the war or develop as residual effects afterwards thereby harming the economy over the longer term.

Phi Beta Iota:  There appears to be a continued reluctance to address the real causes of our terrible situation: corruption across the board.  No amount of intellectual posturing, whether in a book or in a conference, is a substitute for full transparency and the truth — the whole truth.  The lack of integrity across all eight tribes — academia, civil society, commerce, government, law enforcement, media, military, and non-government/non-profit — is the ROOT CAUSE of our collapse.

See Also:

Journal: Politics & Intelligence–Partners Only When Integrity is Central to Both

2012 THE OPEN SOURCE EVERYTHING MANIFESTO: Transparency, Truth & Trust

2010 The Ultimate Hack Re-Inventing Intelligence to Re-Engineer Earth (Chapter for Counter-Terrorism Book Out of Denmark)

Event: 27-28 March DC Affordable World Security Conference

Earth Intelligence

Can be watched live and presumably after the fact via this page, online registration to watch live required, but there is no cost to register.

http://affordableworldsecurity.org/live

Tracks on economics, environment, humanity, technology, defense.

The event is FREE subject to first come first serve ONLINE REGISTRATION.

Tip of the Hat to Berto Jongman.

David Swanson: Lies, Lies, and More Lies…

Civil Society, Commerce, Corruption, Cultural Intelligence, Government, IO Impotency, Media, Peace Intelligence
David Swanson

Nine Years Later: More Shocked, Less Awed

When I lived in New York 20 years ago, the United States was beginning a 20-year war on Iraq. We protested at the United Nations. The Miami Herald depicted Saddam Hussein as a giant fanged spider attacking the United States. Hussein was frequently compared to Adolf Hitler. On October 9, 1990, a 15-year-old Kuwaiti girl told a U.S. congressional committee that she’d seen Iraqi soldiers take 15 babies out of an incubator in a Kuwaiti hospital and leave them on the cold floor to die. Some congress members, including the late Tom Lantos (D., Calif.), knew but did not tell the U.S. public that the girl was the daughter of the Kuwaiti ambassador to the United States, that she’d been coached by a major U.S. public relations company paid by the Kuwaiti government, and that there was no other evidence for the story. President George H. W. Bush used the dead babies story 10 times in the next 40 days, and seven senators used it in the Senate debate on whether to approve military action. The Kuwaiti disinformation campaign for the Gulf War would be successfully reprised by Iraqi groups favoring the overthrow of the Iraqi government twelve years later.

Read full article.

Elections: What Are They Good For?

I think two opposing trends have been at work in U.S. history. One is that of allowing more people to vote. This is an ongoing struggle, of course, but in some significant sense we've allowed poor people and women and non-white people and young people to vote. The other trend, which has really developed more recently, is that we've made voting less and less meaningful. Of course it was never as meaningful as many people imagine. But we've legalized bribery, we've banished third parties and independents, we've gerrymandered most Congressional districts into meaningless general elections and left one party or the other to exercise great influence over any primary. Rarely does any incumbent lose, and rarely does a candidate without the most money win. Extremely rare is a winning candidate who lacks some major financial backing. Rarer still is a candidate who even promises to pursue majority positions on most major issues, or who convincingly commits to following the will of the public over the will of the party. Most Congress members are pawns in a government with two partisan voices, not the voices of 535 individual representatives and senators. Rare, as well, is any possibility in a close primary or general election of verifying the accuracy of a vote count.

There appears to many observers little, sometimes even nothing, to be gained by voting. A lack of decent education and news media, combined with negative campaign ads that make the whole process seem filthy are probably a turn off. Yet roughly 55% of voting age people in the U.S. continue to vote in presidential elections and roughly 35% in off-year elections. And those numbers would probably go up if we didn't take people's right to vote away when we convict them of crimes, if we didn't deny citizenship to so many immigrants, or if we made voter registration automatic, stopped trying to intimidate people out of voting or forcing them to vote on second-class provisional ballots, made election day a holiday, etc.

We've also created a dominant media cartel that can — without any exaggeration — instruct large numbers of people whom to vote for — a situation that outrages some of us, but by definition is deemed acceptable by many others. Or, rather, it's not deemed acceptable, but it's either unnoticed or it's viewed as a tragedy of the commons that cannot be countered by any individual alone. On the Kucinich 04 presidential campaign, he would win the most applause, but then people would say “I'd vote for him if he were serious,” because their televisions had told them he wasn't one of the real, serious, viable choices, and either they believed that or they believed that everyone else believed it which left them powerless to single-handedly do anything about it.

Read full article.

Berto Jongman: Ray Kurzweil on Man-Machine Future

Cultural Intelligence
Berto Jongman

Inside the Kurzweil SXSW Keynote: On Infinite Mind Power, Robotic Overlords and Immortality

He is one of the world’s most renowned futurists, and onstage at South By Southwest, Ray Kurzweil stirred debate with a speech that outlined the incredible role artificial intelligence will play in the future, as it reshapes humanity

South By Southwest Interactive is a bubble of optimism; a haven of ingenuity that seems liberated from all the constraints, or cynicism, of daily life. There are conceptual talks here that forgo all notions of funding or commerce, to instead bask in the glory of the Next Big Idea. There are demonstrations where you can sense that you’re peering around the corner, at how people will be interacting differently with their computers – and their worlds – two or three years from now.

And then occasionally there are presentations which send you spiraling through a time warp, glimpsing a vision of the future society that this conference seems to be moving towards each and every year, in increments that can be measured with every new app or software update. (See TIME’s full coverage of the 2012 SXSW) At Monday’s keynote event, which paired futurist Ray Kurzweil with TIME’s own Lev Grossman – who last worked together in forming the dazzling scientific hypotheses of this 2011 TIME cover story, which served as a basis of sorts for the Austin address – more than three thousand conference-goers filled every last seat of South By Southwest’s largest venue to marvel at Kurzweil’s vision of the future.

(MORE: Kurzweil Tells TIME — Humans Will One Day Be Immortal)

Continue reading “Berto Jongman: Ray Kurzweil on Man-Machine Future”

Various Contributors: Continuing Insanity – Potpourri

07 Other Atrocities, Cultural Intelligence

The Enigma of Israel (CounterPunch)

Fukushima Roulette (CounterPunch)

Will Corporations Prevent the Singularity? (IEET)

The Death of Investigative Journalism (CounterPunch)

Corps, Army to restart ‘forcible entry’ drills (Army Times)

The NSA Is Building the Country’s Biggest Spy Center (WIRED)

Guantanamo Prison's True Secret: Jason Leopold in Conversation With Andy Worthington (OpEd News)

US and Iranian Strategic Competition: The Proxy Cold War in the Levant, Egypt and Jordon (CSIS)

 

Veterans Today: Dick Cheney Accepts Home Arrest, Avoids Canada

07 Other Atrocities, 09 Justice, Blog Wisdom, Civil Society, Collective Intelligence, Cultural Intelligence, IO Deeds of Peace, Law Enforcement
Click on Image to Enlarge

To Avoid Being Locked Up in Canada Cheney Stays Locked Up At Home

Dick Cheney Opts for House Arrest Rather Than Face the Ire of Canada’s Citizen Jurists Who Insist That Domestic and International Laws Prohibiting Torture, Genocide, Aggressive Warfare, and 9/11 Fraud Must be Enforced on One of the World’s Most Notorious Criminals

by Anthony J. Hall

Earlier this week former US Vice-President Dick Cheney, the dominant, hands-on operative in the two-term presidency of George W. Bush, cancelled a speaking engagement in Toronto on April 24. Through a spokesperson Cheney indicated he was frightened to return to Canada after his experience last September 26 at the Vancouver Club. After promoting his book to a small local audience Cheney spent several hours hiding out in the posh venue trying to outwait several hundred citizen jurists, some of whom were planning to attempt a citizens’ arrest of the credibly-accused war criminal right on the spot.

I am proud to have played an active role in the fascinating teach-in last September of those of us who deputized ourselves at the Vancouver Club. Our goal in assembling outside one of British Columbia’s oldest and most notorious sites of political cronyism was to attempt to defend Canadian sovereignty and the rule of law in Canada against the criminal contempt of government officials for the Canadian Crimes Against Humanity and War Crimes Act (2000). This sneering contempt for a law passed in the name of preventing Canada from becoming a haven for war criminals finds its most ardent embodiment in Prime Minister Stephen Harper and the thoroughly politicized Royal Canadian Mounted Police. The RCMP’s leadership backed the Conservative Party in a previous successful election campaign.

Read long article with several embedded videos.

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