Commerce – Page 276 – Public Intelligence Blog

2012/03/122012/03/12

Mini-Me: PriceWaterHouseCoopers to Go Down?

03 Economy, 07 Other Atrocities, 08 Wild Cards, 10 Transnational Crime, 11 Society, Budgets & Funding, Civil Society, Commerce, Commercial Intelligence, Corruption, Cultural Intelligence, Ethics, Government, Money, Banks & Concentrated Wealth

Robert Steele has for some time been saying that “The truth at any cost lowers all others costs.” He has also been focusing on the importance of intelligence with integrity. Among all governments, only Iceland appears to be serious about dealing with the financial crisis as it should be dealt with: as a criminal conspiracy enabled by all of the parties in both public and private sectors who sacrificed their integrity and betrayed the public trust.

Corporations operate under public charters. It is difficult to police the corporations when the governments have themselves become criminalized, but the tide is turning — the public is beginning to recognize that governments lack integrity and intelligence and cannot be trusted — in their present form — to manage the public interest.

When Goldman Sachs goes out of business the healing can begin. Slamming PWC is a good start.

Old Landsbanki to sue PriceWaterhouseCoopers for ‘deliberate’ auditing errors

The resolution committee of the failed Icelandic bank Old Landsbanki has subpoenaed the international auditing firm PriceWaterhouseCoopers, accusing the company of creating wrong annual accounts which misled the markets. The committee’s damages claim runs to hundreds of millions of krónur.

2012/03/10

Paul Craig Roberts: No Jobs for Citizens – Death Spiral

03 Economy, 11 Society, Blog Wisdom, Civil Society, Commerce, Commercial Intelligence, Government

No Jobs For Americans

Today (March 9, 2012) the Bureau of Labor Statistics (BLS) announced that 227,000 new nonfarm payroll jobs were created by the economy during February. Is the government’s claim true?

No. Statistician John Williams (shadowstats.com) reports that 44,000 of these jobs or 19% consist of an add-on factor derived from the BLS’s estimate that 44,000 more unreported jobs from new business start-ups were created than were lost by unreported business failures. The BLS’s estimate comes from the bureau’s “birth-death model,” which works better during normal times, but delivers erroneous results during troubled times such as the economy has been experiencing during the past four years.

Taking out the 44,000 added-on jobs reduces the February jobs number to 183,000, but does not provide a full correction. In an economy as troubled as the US economy is, most likely the deaths exceeded the births, but we don’t know what the number is. Was it 20,000? 50,000? What number do we deduct from the 183,000? We simply do not know.

Williams reports that seasonal adjustment factors do not work properly during troubled economic times and add their own overstatement to the jobs figure. If anyone could estimate the overestimate of new jobs that results from malfunctioning seasonal adjustments, it is John Williams, but he doesn’t provide an estimate.

Most likely, the new jobs did not exceed 150,000, a figure that would merely keep even with population growth and thus not reduce the rate of unemployment, which, consistent with this deduction, remained constant.

Let’s look now at the kind of jobs that were created. Of the new jobs reported by BLS,
92% are in services. Of this 92%, only 7% could possibly relate to exportable services–architectural, engineering, and computer systems services.

Continue reading “Paul Craig Roberts: No Jobs for Citizens – Death Spiral”

2012/03/102012/03/10

John Robb: USG – Corporate Cyber Scam II

10 Security, 11 Society, Academia, Blog Wisdom, Commerce, Corruption, Government, IO Impotency, Misinformation & Propaganda, Money, Banks & Concentrated Wealth, Power Behind-the-Scenes/Special Interests, Secrecy & Politics of Secrecy

You Don't Need a Cyber Attack to Take Down The North American Power Grid

The Obama administration simulated a cyber attack on New York City's power supply in a Senate demonstration aimed at winning support for legislation to boost the nation's computer defenses. Senators from both parties gathered behind closed doors in the Capitol Wednesday for the classified briefing attended by Homeland Security Secretary Janet Napolitano, FBI Director Robert Mueller and other administration officials. The mock attack on the city during a summer heat wave was “very compelling,” said Sen. Susan Collins, R-Maine, who is co-sponsoring a cybersecurity bill supported by President Barack Obama. “It illustrated the problem and why legislation is desperately needed,” she said as she left the briefing. Bloomberg.

The US defense industry is in a full court press to get tens of billions in funding for cyberwarfare.

To get that funding, they need to dramatize the potential threat of cyberwarfare. Here's how. The central method of attack in cyberwarfare is systems disruption. Systems disruption is a way to break networks to achieve extremely high levels of damage (or, in financial terms, high ROIs). One of the best ways to demonstrate that type of attack is through a disruption of the power supply (usually with NYC as a target).

Two John Robb posts, comment, and see also — university grants at risk.

Continue reading “John Robb: USG – Corporate Cyber Scam II”

2012/03/082012/03/08

Betty Boop: Stratfor as a Neo-Con / Mossad Scam

07 Other Atrocities, 08 Wild Cards, Analysis, Blog Wisdom, Commerce, Corruption, Cultural Intelligence, Director of National Intelligence et al (IC), Government, Intelligence (government), IO Impotency, Methods & Process, Officers Call

Responding to Richard Wright: USMC “Learns” From StratFor – Integrity? – We Don’t Need No Stinkin’ Integrity

Back in 2002 while I was at a major Command, Friedman made a pitch to provide “ground truth” intelligence on contract. While some folks went gaga over his presentation, there were many small indicators that all was not well. Apparently Friedman was asked to leave LSU for reasons undetermined. Offically, according to STRATFOR ” In 1997, a small company that would eventually grow into Stratfor—called Strategic Intelligence LLC—left Baton Rouge and LSU, where its founder George Friedman had been a professor. A 1999 profile in Texas Monthly said the company “couldn't thrive” in Baton Rouge, and that's why Friedman took it to Austin, where it blossomed into a global powerhouse.”

Reasoning heard on the street by colleagues active in San Antonio, he was bankrolled by Mossad and they wanted him in an area of hightech.

I have read his comments about OSS and you specifically; his arrogance is unbelievable. His “analysts” are currently UT-Austin students with a couple of “seasoned veterans”, none of whom have an intelligence
background.

He has been described as a neocon and I think that fits. From where I sit, I think STRATFOR is finished, they are trying very hard to regain their client base….with little success…

Continue reading “Betty Boop: Stratfor as a Neo-Con / Mossad Scam”

2012/03/072012/03/07

Mini-Me: Germany to Audit Gold in USA; Mass Bank Resignations; Iceland Prime Minister on Trial

Commerce, Corruption, Government

Three related items all having to do with intelligence and integrity lost.

Germany to Review Bundesbank Gold Reserves in Frankfurt, Paris, London and New York Fed

EXTRACT:

It is believed that some 60% of Germany’s gold is stored outside of Germany and much of it in the Federal Reserve Bank of New York.

Germany and other central banks may follow in Hugo Chavez’s footsteps and repatriate their gold to Germany so as to have direct possession of and ownership of their gold reserves in order to be better prepared for a systemic or monetary crisis.

Read full article.

Mass Banking Resignations Signal A Purging Has Begun?

According to a list compiled by independent blog,American Kabuki, at least 122 banking directors, CEOs, and board members of both national and international stature have resigned since September of last year. The blog recently posted a list of all 122 of these individuals with links to the announcements and reports of their resignation.

Read full article with list of names and links.

Should Politicians Go on Trial for Economic Negligence?

Iceland’s former Prime Minister Geir Haarde on Monday (5 March) became the world’s first leader to be put on trial on charges of negligence over the 2008 financial crisis. Haarde, who was a premier from 2006 to 2009, is being accused of “gross negligence” in failing to prevent the collapse of Iceland’s top three banks – Glitnir, Kaupthing and Landsbanki – all heavily involved in risky investments on the US real estate market. One of the main architects of Iceland’s transformation from a fishing nation into a financial services hub, Haarde is also accused of failing to control the country’s fast-growing banks and of having withheld information indicating the country was heading for financial disaster.

Read full article.

Phi Beta Iota: We certainly hope Germany plans to drill many of the gold bars to determine if they are 100% gold or severely diminished in their core with titanium. The bank resignations have not been accompanied by arrests, so this is all theater. Change the face, keep the criminal enterprise as before. As for politicians being held accountable, that is hard to imagine in today's environment of “anything goes.” Iceland seems to be the ONLY country now combining intelligence with integrity in the aftermath of the legalized crime spree by Goldman Sachs, Morgan, Citibank, Wells Fargo, Bank of America, etcetera.

2012/03/052012/03/05

Robert Reich: Oil Speculation 101 (Half the Story)

Commerce, Corruption

A few players with deep pockets, placing huge bets

Robert Reich

Kansas City Star, 28 February 2012

Nothing drives voter sentiment like the price of gasoline, which is already up nearly 30 cents from the start of the year and hitting $4 in many places. The last time it topped $4 was 2008.

And nothing energizes Republicans like rising energy prices. House Speaker John Boehner is telling Republicans to take advantage of voters’ looming anger over rising prices at the pump. House Republicans have passed a bill to expand offshore drilling and pressure the White House into issuing a permit for the Keystone XL pipeline.

But the current surge in gas prices has almost nothing to do with energy policy. It doesn’t even have much to do with global supply and demand. It has most to do with America’s continuing failure to adequately regulate Wall Street.

Oil supplies aren’t being squeezed. Over 80 percent of America’s energy needs are now being satisfied by domestic supplies. In fact, we’re starting to become an energy exporter.

Iran is threatening to cut production in retaliation for sanctions imposed by the European Union and the United States. But Saudi Arabia’s increased production is more than enough to make up the difference.

Demand for oil isn’t rising in any event. Oil demand in the U.S. is down compared to last year at this time. The American economy is showing only the faintest signs of recovery. Meanwhile, global demand is still moderate. Europe’s debt crisis hasn’t gone away. China’s growth continues to slow.

But Wall Street is betting on higher oil prices.

Read full story.

Phi Beta Iota: Brother Reich offers only half the story. Speculators are indeed rampant, and KEYSTONE has nothing to do with US energy needs, only oil company desires to revive aging refineries a long way from Canada, knowing that they can externalize all the costs of wasted water flushing tar sands, and environmental damage along the way. What the learned former Secretary of Labor does not mention is that Goldman Sachs bet on high oil prices long before today, and rumor has it that Israel and Iran did also. he also fails to mention that the price of oil is not really rising, it is the dollar that is falling.

2012/03/042012/03/04

Koko: Iowa passes outrageous law demanding total secrecy over factory meat filth and cruelty practices

01 Agriculture, 03 Economy, 07 Other Atrocities, Commerce, Commercial Intelligence, Corruption, Earth Intelligence, Government, IO Impotency

Iowa passes outrageous law demanding total secrecy over factory meat filth and cruelty practices

Ethan A. Huff

Natural News, 4 March 2012

(NaturalNews) Capturing undercover footage of extreme animal abuse at factory farms is soon to be illegal in Iowa, thanks to the passage of a new bill that squelches First Amendment protections for agricultural whistleblowers. In one of the fastest legislative rush-throughs in history, the “American Heartland” state's House and Senate recently passed House File 589, also known as the “ag-gag” bill, which redefines undercover filming and various other whistle-blowing activities as “agricultural production facility fraud” punishable under the law.

Prior to the passage of the bill, which now sits on Republican Governor Terry Branstad's desk for signing, exposing the horrific conditions in many of Iowa's factory farms was a legally-protected free speech right. Once signed into law, however, H.F. 589 will make Iowa the first state in America to actively muzzle individuals from exposing the ugly truth about what takes place at chicken farms, animal processing plants, and even behemoth genetically-modified (GM) crops farms across the state.

Read full article.

Phi Beta Iota: The truth at any cost lowers all others costs. This is the worst possible step Iowa could take.