Journal: The Cost of Being Black

01 Poverty, 03 Economy, 11 Society, Cultural Intelligence


White Americans have long resisted the idea of reparations to the descendants of slaves.We examine the psychological basis of such resistance, primarily testing the possibility that resistance may be a function of Whites’ perception of the ongoing cost of being Black. White participants (n = 958) across twelve independent samples (varying in age, student status, and geographic location) were asked variations of the question: How much should you be paid to continue to live the remainder of your life as a Black person? Participants generally required low median amounts, less than $10,000, to make the race change, whereas they requested high amounts, $1,000,000, to give up television.

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Journal: Weak Signals–Triple Crash?

03 Economy, Commerce, Commercial Intelligence, Ethics, Key Players

George Green's Home Page
George Green's Home Page

Phi Beta Iota: Reprinted in full to allow emphasis and easier reading.  Original source at logo, “as is.”  Recommended by our physical gold colleagues.


Several financial events this week indicate something big is about to happen, something that may make the 2008 credit crisis seem rather benign.  First, the IMF announced that it is liquidating its gold holdings, the world’s 3rd largest stash after the US and Germany.  Buyers included the governments of India, Sri Lanka and Mauritius.  Do you think the IMF would be selling gold at a market bottom?  Bubble #1 about to burst- Gold.

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Reference: Are Hackers Pioneers with the Right Stuff or Criminal Pathological Scum? Mitch Kabay Reprises

03 Economy, 04 Education, 10 Transnational Crime, Civil Society, Collective Intelligence, Ethics, Hacking, ICT-IT, InfoOps (IO), Law Enforcement, Media Reports, Methods & Process, Mobile, Real Time, Technologies

Full Story Online
Full Story Online

Why Criminal Hackers Must Not Be Rewarded
Part 1: The Fruit of the Poisoned Tree

By M. E. Kabay, 11/30/2009

In 1995, I participated in a debate with distinguished security expert Robert D. Steele, a vigorous proponent of open-source intelligence. We discussed the advisability of hiring criminal hackers. Perhaps readers will find the polemic I published back then of interest today. I’m sure it will provoke vitriolic comments from the criminal hacker community.

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Journal: China, Gold, Silver, and the Future

02 China, 03 Economy, Civil Society, Commercial Intelligence, Earth Intelligence, Government
China Gold
China Gold - Full Story Online

How and why China will flood the gold market

Number is even more striking for silver

Phi Beta Iota: Three points:

1.  An audit of Fort Knox will probably disclose that USA has half its claimed holdings in gold.

2.  China is leveraging the considerable buying power of its multi-billion population in a very clever manner.

3.  China has 80% or more of all the other precious metals including those needed to create green energy, still in the ground–the rest of the world will pay dearly for them  The USA has failed to do a current strategic resources survey and has no strategy for getting into the future in any semblance of peace and prosperity for all.

Below the Fold: Reference Links on Chinese Strategic Minerals

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Journal: China May Demand Physical Gold

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


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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Journal: Gold, Treasury, Wall Street, & Stuff

02 China, 03 Economy, 10 Transnational Crime, Commerce, Commercial Intelligence, Ethics, Government
Gold Anti-Trust Action Committee Home
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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Journal: Goldman Sachs Five Strikes

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

Full Story Online
Full Story Online
Cody Willard Home
Cody Willard Home

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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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


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.


‘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.


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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Review: Common Sense–the Way Back

01 Poverty, 03 Economy, 11 Society, Civil Society, Collective Intelligence, Commercial Intelligence, Cultural Intelligence, Ethics, Government, Reform
Amazon Page
Amazon Page
5.0 out of 5 stars Patriotic Love and Common Sense For All
November 21, 2009
Felton Williamson, Jr.
By remarkable coincidence, Sarah Palin’s new book, Going Rogue: An American Life just came out, jumped to the top of my ‘waiting to read” stack, and includes the phrase “Commonsense Conservative” is featured in that book. Combine it with Richard Branson’s “Gaia Capitalism” and you have the makings of something special.

This book is short (123 pages), easy to read, and an inspiring patriotic labor of love, a gift to all of us who care deeply for American the Beautiful and are confused and/or angry about all that has been done “in our name” by the festering cesspool of Washington-based politicians and senior bureaucrats who live to claim budget share (inputs) rather than deliver public service (outputs).

The author provides the single best, most complete, and most sensible demarche against EARMARKS that I have ever seen. Included are eight illustrations and I will list them here because they capture the essence of this book’s common sense:

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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
Full Story Online
Back-Up Copy Online
Original Online Source
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
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.

Journal: United Nations a “Dumb” Elite Organization

01 Agriculture, 03 Economy, 06 Family, 11 Society, Collective Intelligence, Earth Intelligence, Key Players, Non-Governmental, Peace Intelligence

Full Story Online
Full Story Online

UN food summit ends with ‘crumbs’ in hunger fight

By FRANCES D’EMILIO (AP) – 1 hour ago

ROME — The head of a U.N. food agency expressed regret Wednesday that an anti-hunger summit failed to result in precise promises of funding, and critics said the meeting had only thrown crumbs to the world’s 1 billion people without enough to eat.

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