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

Continue reading “Journal: Gold, Treasury, Wall Street, & Stuff”

Worth a Look: Berto Jongman Recommends….

05 Civil War, 09 Terrorism, 10 Transnational Crime, Worth A Look

Berto Jongman
Berto Jongman

Researcher Berto Jongman recommends 6 monographs, 5 articles, 3 books.

EDIT of 24 Nov 09: 6 monograph recommendations added.

Russia: A Promising Market for Islamic Finance
21/11/2009By Lahem al Nasser

Riyadh, Asharq Al-Awsat- There are around 47 million Muslims in Russia, which means that Muslims make up around one third of Russia’s overall population. This figure is expected to rise to 50 percent by 2050 due to the high birth rate among the Muslim community, the decrease in the non-Muslim Russian population which is decreasing at a rate of 1 million people per year, as well as the immigrations of Muslims from central Asia into the Russian Federation. The Islamic presence in Russia is centered in the Caucasus, Siberia, and Moscow.

Survey of Pakistan’s Young Predicts ‘Disaster’ if Their Needs Aren’t Addressed
By SABRINA TAVERNISE,   November 21, 2009

LAHORE, Pakistan — Pakistan will face a “demographic disaster” if it does not address the needs of its young generation, the largest in the country’s history, whose views reflect a deep disillusionment with government and democracy, according to a report released here on Saturday.

Crime and Terrorism Small Wars Journal
4 November 2009 by Colonel Robert Killebrew

According to a panel of experts at a recent conference sponsored by the Center for a New American Security, terrorism and crime have now merged, to such an extent that all terrorist movements – all of them — have become partly criminal organizations to fund their operations, expand their reach – and incidentally make the people on top extremely rich, while lower-level zealots continue to be recruited for suicide missions.

Continue reading “Worth a Look: Berto Jongman Recommends….”

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.

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.

Continue reading “Journal: Federal Financial Difficulties”

Reference: Corruption Perceptions Map

09 Justice, 10 Security, 10 Transnational Crime, 11 Society, White Papers
Full Source Online
Full Source Online

Phi Beta Iota: Kudos to Australia, Canada, the Nordics and the Netherlands, and probably Singapore too small to shine here.  The USA has less to be proud of, between corporate corruption of Congress and what one author calls The Cheating Culture.  Other books on corruption in the USA can be seen at Banks, Fed, Money, & Concentrated Wealth (31); Capitalism (Good & Bad) (117;  Censorship & Denial of Access (23; Corruption (71);Crime (Corporate) (26); Misinformation & Propaganda (85); andPower (Pathologies & Utilization) (80).

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: Corruption at Root of Economic Crisis

03 Economy, 10 Transnational Crime, Communities of Practice, Ethics, Key Players
Full Story Online
Full Story Online

Corruption threatens global economic recovery, greatly challenges countries in conflict

Berlin, 17 November 2009

As the world economy begins to register a tentative recovery and some nations continue to wrestle with ongoing conflict and insecurity, it is clear that no region of the world is immune to the perils of corruption, according to Transparency International’s 2009 Corruption Perceptions Index (CPI), a measure of domestic, public sector corruption released today.

“At a time when massive stimulus packages, fast-track disbursements of public funds and attempts to secure peace are being implemented around the world, it is essential to identify where corruption blocks good governance and accountability, in order to break its corrosive cycle” said Huguette Labelle, Chair of Transparency International (TI).

Full Story Online
Full Story Online

Afghanistan slips in corruption index despite aid

BERLIN – Afghanistan has slipped three places to become the world’s second most-corrupt country despite billions in aid meant to bolster the government against a rising insurgency, according to an annual survey of perceived levels of corruption.

Only lawless Somalia, whose weak U.N.-backed government controls just a few blocks of the capital, was perceived as more corrupt than Afghanistan in Transparency International’s Corruption Perceptions Index.

Iraq saw some improvement, rising to 176 of 180 countries, up two places up from last year. Singapore, Denmark and New Zealand were seen as the least corrupt countries in the list based on surveys of businesses and experts.

Phi Beta Iota: Corruption within governments is estimated to be US$1 trillion a year, almost (suggestively) precisely half of the total global crime income of US$2 trillion a year as documented in Moises Naim’s  Illicit: How Smugglers, Traffickers and Copycats are Hijacking the Global Economy (Hardcover).

Reference: Gangs in the US Military

08 Wild Cards, 10 Security, 10 Transnational Crime, Commercial Intelligence, DoD, Government, Military, Peace Intelligence
Assessment Report
Assessment Report (2007)
Briefing with Notes
Briefing with Notes
Briefing without Notes
Briefing without Notes

Phi Beta Iota: We have been highlighting our couinterintelligence deficiencies since the 1990’s, primarily focused on the need for religious counterintelligence, but also on the need to recognize that sub-state and non-state groups are legitimate threats in and of themselves.  Today the US military it thoroughly penetrated by multiple networks from Opus Dei and the Mormons to radical Islamics and plain street gangs happy to not only receive advanced training, but access to easily stolen weapons–one of the dirty little secrets of the US military is how little control it has over the primary weapon of mass destruction on the planet, small arms (which we also like to sell liberally to anyone with cash and especially dictators).

Continue reading “Reference: Gangs in the US Military”

Journal: True Cost Meme Marches On…

10 Transnational Crime, 12 Water, True Cost

US Retailers Face $191 Billion in Fraud Losses Each Year
NACS Online
lexisnexis True Cost of Fraud Study reveals that retail merchants experience 20 times higher total fraud losses than consumers. by RSS Feed by Email NEW

Time for change – Water saving – Ecademy
Identify the true cost of water. Do you know how much your business spends on water per annum or how much is water costing you? Check your water bills for the last 3 years and note the annual consumption and cost.

Related:
http://true-cost.re-configure.org

Journal: IndyMedia Wanted Poster on CIA Renditioners–Significant for Two Reasons

02 Diplomacy, 08 Wild Cards, 10 Security, 10 Transnational Crime, 11 Society, Civil Society, Ethics, Government, Law Enforcement, Media, Military
Full Story & Photos Online
Full Story & Photos Online

TURN IN THESE CIA FUGITIVES : They’ll get 5-8 Years

By Carolyn Keuhn

NOV.4, 2009:  Italy convicted 23 CIA rendition perps. All could be imprisoned if they leave the US.

An Italian judge on November 4, 2009, convicted 23 CIA agents and two Italian agents over their role in the 2003 kidnapping of a Muslim cleric. Milan judge Oscar Magi sentenced former Milan CIA station chief Bob Seldon Lady (on left in PHOTO with Luciano Pironi) to 8 years and 22 other agents (PHOTOS) to 5 years in prison for their role in the abduction of Osama Moustafa Hassan Nasr, also known as Abu Omar. Also convicted was Air Force Colonel Joseph Romano (COLOR PHOTO), who was responsible for the CIA kidnapping team’s flight to Egypt from a U.S. air base in Italy.

WANTED: CIA Renditiones
WANTED: CIA Renditiones

CONTACT: Interpol, the international police agency, by email or at this FAX number in Switzerland: +33 4 72 44 71 63. (Refer to the warrant number given in the Robert Lady photo caption.) Or contact your local or national police.

The US is shielding the perps, whose names and PHOTOS are shown [at original source].

Continue reading “Journal: IndyMedia Wanted Poster on CIA Renditioners–Significant for Two Reasons”

Journal: Illicit Money, Illegitimate Governments, and More…

03 Economy, 08 Wild Cards, 10 Transnational Crime, Commerce, Commercial Intelligence, Ethics, Law Enforcement

Subscription Access Online
Subscription Access Online

Volume 56, Number 19 · December 3, 2009

Illicit Money: Can It Be Stopped?

By Eva Joly, Raymond Baker

On May 4, the Obama administration announced a plan to crack down on offshore tax havens, which it said are costing the United States tens of billions of dollars each year. The President’s proposals were primarily aimed at finding ways to increase revenue from wealthy companies and investors who use loopholes in the law and offshore subsidiaries to reduce their US taxes. But the administration is largely missing a far more devastating problem related to offshore finance: money gained from criminal and other illicit sources. With the use of tax havens and other elements of an increasingly complex ‘shadow’ financial network, vast sums of illegal money are being shifted throughout the global economy virtually undetected.

Phi Beta Iota: The illicit global economy is at least two trillion dollars a year against a seven trillion dollar a year legitimate economy, and the latter is both full of legal crime and legal tax avoidance, as well as focused on the one billion rich rathyer than the five billion poor.  One of the many dirty not-so-little secrets about Wall Street is that it relies heavily on laundered drug money for its liquidity; another is that the banking community has been all too happy to manage the funds of dictators and war lords and others.  Below are just three of the many books we recommend in this area.

Illicit: How Smugglers, Traffickers and Copycats are Hijacking the Global Economy (Hardcover)

Crossing the Rubicon: The Decline of the American Empire at the End of the Age of Oil (Paperback)