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?”

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: Afghan Massacre 2 Helos 15 Ground Troops?

07 Other Atrocities, 08 Wild Cards, Corruption, DoD, IO Deeds of War, Military
Berto Jongman

Afghan parliament delegation claims 15 US troops were involved in Kandahar massacre

Bill Roggio

Threat Matrix, 17 March 2012

One day after Afghan President Hamid Karzai lashed out at the US and implied that more than one US soldier was involved in the mass murder of 16 Afghans in Kandahar's Panjwai district last weekend, a delegation from the Afghan parliament is claiming that at least 15 US soldiers “accompanied by 2 helicopters” were involved in the massacre. From Khaama Press:

A delegation of the Afghan parliament members who visited Kandahar province said at least 15 US troops were behind the assassination of 16 Afghan villagers at Panjwai district in this province.The delegation included 5 Afghan parliament members who were sent by the Afghan House of Representatives to find out the facts behind the massacre of 16 Afghan civilians at Panjwai district.

The delegation presented its findings report to the Afghan House of Representative which states that the civilians massacre was plotted where at least 15 US troops were involved.
A member of the Afghan parliament Shakila Hashimi who presented the report to the Afghan House of Representatives said false statements were given to the Afghan people by provincial governor Toryalai Weesa and US commander saying that the shooting was carried out by a single US soldier.

She also added, the assassination was carried out by 2 groups of US soldiers consisting of 15 to 20 soldiers and were accompanied by 2 helicopters.

See Also:

Chuck Spinney: Obama & Netanyabua — Scorpions in a Bottle

08 Wild Cards, Corruption, Government
Chuck Spinney

How two scorpions trapped in a bottle weaken each other while they strengthen Hamas and Iran and increase the risks of nuclear proliferation throughout the Middle East.

Attached is an excellent explanation of this.  Not addressed specifically, but nevertheless implicit in the discussion is the universal influence of domestic politics in the shaping or a nation's foreign policy.

Israel: Its Fantasies and Its Realities

by Immanuel Wallerstein, Agence Global, 15 Mar 2012

EXTRACT:

Were either Israel or the United States to bomb Iran preemptively, there would be enormous political consequences immediately. First of all, it would almost certainly be relatively inefficacious in terms of stopping the Iranian project. Secondly, it would weaken politically the position of both Israel and the United States in the whole world. The two reasons together explain why there is so much opposition by the military and intelligence services of both Israel and the United States to the whole military discourse. What they fear is that the discourse would catch on and permit some political leaders not presently controlling the Israeli or U.S. governments to be foolish enough to start the war.

Read full article.

or are they engaged in a mutual backscratching operation?

My good friend Pierre Sprey took exception to Wallerstein's analysis, which I distributed in my last blaster (and is repeated below for convenience of reference). Readers may recall that I noted Wallerstein did not address the universal influence of domestic politics in shaping a nation's foreign policy. Pierre addresses the implications of that oversight in the attached comment:

Chuck,

Wallerstein's heart is in the right place and he is certainly right that neither Netanyahu nor Obama have the slightest illusions about the ridiculous uselessness of bombing Iran.

Continue reading “Chuck Spinney: Obama & Netanyabua — Scorpions in a Bottle”

John Robb: When Elites Foresake, Countries Die

Civil Society, Corruption
John Robb

When Elites Depart

One of the benefits of having a son that is a scholar of ancient warfare, from Alexander the Great to the Byzantine Empire to the Mongols, is that we can have wide ranging discussions on very deep topics.  Of perennial interest to us:  why do complex societies/civilizations collapse?

One of interesting working theories we have is that while complex societies can be in decay for a long period of time, they only collapse when its favored elites abandon it/betray it.

Here's an example from Roman history written by Joseph Tainter:

The Collapse of The [Western] Roman Empire

One outcome of diminishing returns to complexity is illustrated by the collapse of the Western Roman Empire. As a solar-energy based society which taxed heavily, the empire had little fiscal reserve. When confronted with military crises, Roman Emperors often had to respond by debasing the silver currency (Figure 4.2) and trying to raise new funds. In the third century A.D. constant crises forced the emperors to double the size of the army and increase both the size and complexity of the government. To pay for this, masses of worthless coins were produced, supplies were commandeered from peasants, and the level of taxation was made even more oppressive (up to two-thirds of the net yield after payment of rent). Inflation devastated the economy. Lands and population were surveyed across the empire and assessed for taxes. Communities were held corporately liable for any unpaid amounts. While peasants went hungry or sold their children into slavery, massive fortifications were built, the size of the bureaucracy doubled, provincial administration was made more complex, large subsidies in gold were paid to Germanic tribes, and new imperial cities and courts were established. With rising taxes, marginal lands were abandoned and population declined. Peasants could no longer support large families. To avoid oppressive civic obligations, the wealthy fled from cities to establish self-sufficient rural estates. Ultimately, to escape taxation, peasants voluntarily entered into feudal relationships with these land holders. A few wealthy families came to own much of the land in the western empire, and were able to defy the imperial government. The empire came to sustain itself by consuming its capital resources; producing lands and peasant population (Jones 1964, 1974; Wickham 1984; Tainter 1988, 1994b). The Roman Empire provides history's best-documented example of how increasing complexity to resolve problems leads to higher costs, diminishing returns, alienation of a support population, economic weakness, and collapse. In the end it could no longer afford to solve the problems of its own existence.

A more recent example of this is how the bureaucratic elites of the former Soviet Union, turned on the system and quickly gutted it through privatization, when their privileges were reduced.   An accelerant of the process was the availability of an external financial system to deposit the newly looted wealth.

The big question for those of us in the US/EU is whether we are seeing this process at work in our system.  Are the government/business elites turning against the system?

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.

Patrick Meier: Crisis Mapping Climate Change, Conflict, Aid in Africa

Advanced Cyber/IO, Blog Wisdom, Civil Society, Earth Intelligence, Geospatial, Peace Intelligence
Patrick Meier

Crisis Mapping Climate Change, Conflict and Aid in Africa

I recently gave a guest lecture at the University of Texas, Austin, and finally had the opportunity to catch up with my colleague Josh Busby who has been working on a promising crisis mapping project as part of the university’s Climate Change and African Political Stability Program (CCAPS).

Josh and team just released the pilot version of its dynamic mapping tool, which aims to provide the most comprehensive view yet of climate change and security in Africa. The platform, developed in partnership with AidData, enables users to “visualize data on climate change vulnerability, conflict, and aid, and to analyze how these issues intersect in Africa.” The tool is powered by ESRI technology and allows researchers as well as policymakers to “select and layer any combination of CCAPS data onto one map to assess how myriad climate change impacts and responses intersect. For example, mapping conflict data over climate vulnera-bility data can assess how local conflict patterns could exacerbate climate-induced insecurity in a region. It also shows how conflict dynamics are changing over time and space.”

The platform provides hyper-local data on climate change and aid-funded interventions, which can provide important insights on how development assistance might (or might not) be reducing vulnerability. For example, aid projects funded by 27 donors in Malawi (i.e., aid flows) can be layered on top of the climate change vulnerability data to “discern whether adaptation aid is effectively targeting the regions where climate change poses the most significant risk to the sustainable development and political stability of a country.”

If this weren’t impressive enough, I was positively amazed when I learned from Josh and team that the conflict data they’re using, the Armed Conflict Location Event Data (ACLED), will be updated on a weekly basis as part of this project, which is absolutely stunning. Back in the day, ACLED was specifically coding historical data. A few years ago they closed the gap by updating some conflict data on a yearly basis. Now the temporal lag will just be one week. Note that the mapping tool already draws on the Social Conflict in Africa Database (SCAD).

This project is an important contribution to the field of crisis mapping and I look forward to following CCAPS’s progress closely over the next few months. I’m hoping that Josh will present this project at the 2012 International Crisis Mappers Conference (ICCM 2012) later this year.

Phi Beta Iota:  Now imagine a global database on corruption that is updated daily and then hourly, anonymously sourced as needed, calling out corrupt officials by name, date, time, and place.