Commerce – Page 352 – Public Intelligence Blog

2009/11/292009/11/29

Journal: ClimateGate Meets Yamal Divergence

03 Environmental Degradation, Academia, Analysis, Commerce, Earth Intelligence, Ethics, Government, Key Players, Media, Methods & Process, Policies, Reform, Strategy

Phi Beta Iota: ClimateGate has outraged us for two reasons–first, the lack of integrity among the scientists and the selected United Nations officials concerned; and second, the naivete, ignorance, or corruption of government officials all too eager to create a new Global Warming Complex that profits from carbon trades (another form of phantom wealth) while imposing severe social costs on the five billion poor. ENOUGH. Below the fold are the original comments of Contributing Editor Chuck Spinney, relating past Pentagon data manipulation with the data manipulation that charactizes the Climate Change movement. It is our view that the UN International Panel on Climate Change (IPCC) should be disbanded, while the UN High Level Panel and the UN Environmental Program, both of which kept their integrity intact, are asked to create a World Brain with embedded EarthGame that can address all ten high level threats (environmental degradation is third, after poverty and infectious disease) by providing the world with information that allows the harmonization of spending across all twelve core policy areas in a manner attractive to the eight demographic challengers (Brazil, China, India, Indonesia, Iran, Russia, Venezuela, and Wild Cards such as the Congo, Malaysia, and Turkey).

Yamal: A “Divergence” Problem by Steve McIntyre, Climate Audit, September 27th, 2009
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2009/11/262009/11/27

Journal: China May Demand Physical Gold

02 China, 03 Economy, 04 Inter-State Conflict, 10 Transnational Crime, Commerce, Ethics, Government

SPECIAL FROM OUR SOURCES IN ASIA

Gold could be about to get disorderly also as it approaches the key $1200 call option strike. The strong rumour is the large $1200oz Dec call owner is the Peoples Bank of China. Gold traders increasingly believe that China will force physical delivery of 2.8moz of gold instead of the usual cash settlement. My contacts suggest short-term mayhem may be about to break out in gold for a few days as those who have sold the call and get exercised scramble to buy physical for delivery. To put this in context 2.8moz is around 80 tonnes of gold. Yes, it's that big and you can see why there is short-covering everywhere in gold.

Phi Beta Iota: If John Mack becomes Secretary of the Treasury, we anticipate China having a subtle but respected influence on the US Treasury as a condition for selective cover-ups, and China managing the situation so it ultimately gets compensation for all the gold stolen by Japen and confiscated by the US to create the Treasury Black Eagle Trust and Golden Lily slush funds. China did NOT sign the San Francisco Treaty and is on solid ground. We respect John Mack, he might possibly be the first truly multinational Secretary of the Treasury, and if he can make a commitment to Open Money and Real Wealth as a future path for the global economy, he could conceivably be the single most important person in the 21st Century. For background see

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2009/11/252009/11/28

Journal: Climategate Update

03 Environmental Degradation, Academia, Commerce, Earth Intelligence, Ethics, Government, Key Players, Media, Policies

ClimateGate For Dummies

Core reading on one of the greatest scandals in modern history. How prominent scientists skewed the data on global warming

Click on Globe for a compendium of articles and videos on what was quickly dubbed as “ClimateGate.”

Full Story Online

ClimateGate: The Very Ugly Side of Climate Science

Truth be told, scientific research has been a blood sport for centuries. But a recent scandal that’s been dubbed ClimateGate is showing a very ugly side of climate science

“This is not a smoking gun; this is a mushroom cloud,” said Patrick J. Michaels, a climatologist who has long faulted evidence pointing to human-driven warming and is criticized in the documents. …

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2009/11/25

Journal: Gold, Treasury, Wall Street, & Stuff

02 China, 03 Economy, 10 Transnational Crime, Commerce, Commercial Intelligence, Ethics, Government

Gold Anti-Trust Action Committee Home

Below are six flagged Alerts from a source we have learned to trust.

Morgan Chase CEO touted as Geithner's replacement

What is very interesting about this is that Mack is the only guy on Wall Street the Chinese leadership really trusts. There is no real difference between Goldman Sachs, Citi-Bank (the original Black Eagle Trust holder) and Morgan, although Mack does seem considerably more classy, and perhaps more able to get a grip on reality going into the future.

Welcome to Stage Two of Gold's Bull Market

CNBC's Santelli blurts it out: Central banks suppress gold

Scenes from the Munich precious metals conference

Developing world's central banks have plenty of room for gold

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2009/11/232009/11/23

Journal: Goldman Sachs Five Strikes

03 Economy, Commerce, Commercial Intelligence, Ethics, Law Enforcement

Full Story Online

GS a short? And five reasons we hate Goldman Sachs

Cody Willard November 19, 2009

Here are five reasons why we want Goldman Sachs destroyed and buried so we can dance on its grave and why these crony apologists are wrong when they say that the “populist outrage at Goldman Sachs is misplaced”.

1. The AIG bailout was a covert bailout of Goldman and we want our money back.

2. Goldman became a “financial holding company” after it became a “bank holding company”after it realized it was going to be insolvent even after it got Stephen Friedman to write them a $13 billion check from AIG funded with taxpayer money.

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2009/11/232009/11/23

Journal: Federal Financial Difficulties

03 Economy, 10 Transnational Crime, Budgets & Funding, Commerce, Commercial Intelligence, Ethics, Government, Reform

Wave of Debt Payments Facing U.S. Government

By EDMUND L. ANDREWS

WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true. But that happy situation, aided by ultralow interest rates, may not last much longer. Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

Revisiting a Fed Waltz With A.I.G.

By GRETCHEN MORGENSON

‘A government report on the bailout of A.I.G. is must reading for taxpayers looking to know why the $182 billion “rescue” is the most troubling episode of the financial disaster.') … The Fed, under Mr. Geithner’s direction, caved in to A.I.G.’s counterparties, giving them 100 cents on the dollar for positions that would have been worth far less if A.I.G. had defaulted. Goldman Sachs, Merrill Lynch, Société Générale and other banks were in the group that got full value for their contracts when many others were accepting fire-sale prices.

Analysis: Fed under fire as public anger mounts

By TOM RAUM (AP)

WASHINGTON — Suddenly the Federal Reserve is everybody's punching bag. … Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.

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2009/11/182009/11/19

Journal: Fake Gold Bars from China to India, Made in the USA–Federal Reserve and Bank of NY Accused–Meanwhile, Prison Planet and Bullion Vault Say No

02 China, 03 Economy, 03 India, 06 Russia, 10 Transnational Crime, Commerce, Commercial Intelligence, Ethics, Government

Original Online Source

Phi Beta Iota: We are NOT making this up. People from around the world are starting to send us this stuff, and we love it–this clearly demonstrates the power of public intelligence in the aggregate, and the importance of multiniational information-sharing and multinational sense-making, the bulk of which is not now and never will be “secret.” We would not be at all surprised to start seeing Goldman Sachs and Bank of New York executives dying like flies, with former Secretaries of the Treasury and Chairs (and NY Governors) of the Federal Reserve having pride of place on the hit list. The Russians and Chinese (and soon the Indians) all have a right to take “extreme exception” to the state-sponsored crimes the above document discusses.

Preliminary Rebuttal

The Rumor About London Good Delivery Gold Bars That Are Allegedly Filled with Tungsten

BullionVault says: Accredited custodians only take in bars from other accredited vaults, and metal only enters the system from accredited refiners. Even when they bear the correct bar stamps, large gold bars are not usually accepted from people outside the Good Delivery circuit, which is why taking a Good Delivery bar into private possession seriously dents its value.

Phi Beta Iota: Hubris cannot be discounted, and since the Federal Reserve is part of the Good Delivery Circuit and its integrity has been severely impugned, this issue must join the matter of pre-9-11 gold evacuation from the World Trade Center as requiring further investigation.