Saturday, February 8, 2014

Worlds Largest Lawsuit – Filed Against A Breathtaking Array of Powerful People: $43 TRILLION Racketeering + Laundering Lawsuit

https://www.mediafire.com/?7yo11n7f3vj6bfa

FREE DOWNLOAD FEDERAL COMPLAINT FILING IN NEW YORK

Worlds Largest Lawsuit – Filed Against A Breathtaking Array of Powerful People: $43 TRILLION Racketeering + Laundering Lawsuit


This is interesting.
Worlds largest lawsuit – filed against a breathtaking array of powerful people.
Who files it? “Spire Law” – claiming “250 years experience”, and so on – 10 layers, etc.
Oct. 25, 2012, 2:09 p.m. EDT
Major Banks, Governmental Officials and Their Comrade Capitalists Targets of Spire Law Group, LLP’s Racketeering and Money Laundering Lawsuit Seeking Return of $43 Trillion to the United States Treasury
NEW YORK, Oct. 25, 2012 /PRNewswire via COMTEX/ — Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the “Banksters” and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the “Banksters” located in the highest offices of government and acting for their own self-interests.
In connection with the federal lawsuit now impending in the United States District Court in Brooklyn, New York (Case No. 12-cv-04269-JBW-RML) – involving, among other things, a request that the District Court enjoin all mortgage foreclosures by the Banksters nationwide, unless and until the entire $43 trillion is repaid to a court-appointed receiver – Plaintiffs now establish the location of the $43 trillion ($43,000,000,000,000.00) of laundered money in a racketeering enterprise participated in by the following individuals (without limitation): Attorney General Holder acting in his individual capacity, Assistant Attorney General Tony West, the brother in law of Defendant California Attorney General Kamala Harris(both acting in their individual capacities), Jon Corzine (former New Jersey Governor), Robert Rubin (former Treasury Secretary and Bankster),Timothy Geitner, Treasury Secretary (acting in his individual capacity), Vikram Pandit (recently resigned and disgraced Chairman of the Board of Citigroup), Valerie Jarrett (a Senior White House Advisor), Anita Dunn (a former “communications director” for the Obama Administration),Robert Bauer (husband of Anita Dunn and Chief Legal Counsel for the Obama Re-election Campaign), as well as the “Banksters” themselves, and their affiliates and conduitsThe lawsuit alleges serial violations of the United States Patriot Act, the Policy of Embargo Against Iran and Countries Hostile to the Foreign Policy of the United States, and the Racketeer Influenced and Corrupt Organizations Act (commonly known as the RICO statute) and other State and Federal laws.
In the District Court lawsuit, Spire Law Group, LLP — on behalf of home owner across the Country and New York taxpayers, as well as under other taxpayer recompense laws — has expanded its mass tort action into federal court in Brooklyn, New York, seeking to halt all foreclosures nationwide pending the return of the $43 trillion ($43,000,000,000.00) by the “Banksters” and their co-conspirators, seeking an audit of the Fed and audits of all the “bailout programs” by an independent receiver such as Neil Barofsky, former Inspector General of the TARP program who has stated that none of the TARP money and other “bailout money” advanced from the Treasury has ever been repaid despite protestations to the contrary by the Defendants as well as similar protestations by President Obama and the Obama Administration both publicly on national television and more privately to the United States Congress. Because the Obama Administration has failed to pursue any of the “Banksters” criminally, and indeed is actively borrowing monies for Mr. Obama’s campaign from these same “Banksters” to finance its political aspirations, the national group of plaintiff home owners has been forced to now expand its lawsuit to include racketeering, money laundering and intentional violations of the Iranian Nations Sanctions and Embargo Act by the national banks included among the “Bankster” Defendants.
The complaint – which has now been fully served on thousands of the “Banksters and their Co-Conspirators” – makes it irrefutable that the epicenter of this laundering and racketeering enterprise has been and continues to be Wall Street and continues to involve the very “Banksters” located there who have repeatedly asked in the past to be “bailed out” and to be “bailed out” in the future.

No, The United States Will Not Go Into A Debt Crisis, Not Now, Not Ever
(If you read the headline and thought “Well, yeah”–feel free to skip this post.)
If there’s one article of faith in Washington (and elsewhere), it’s the idea that the United States might get into a debt crisis if it doesn’t get its fiscal house in order.
This is not true.
The reason why it’s not true is because we live in a fiat currency system, where the United States government can create an infinite number of dollars at no cost to meet its obligations. A Treasury bill is a promise that the government will give you US dollars–something that the United States government can produce infinitely and at no cost.
That’s the reason why interest rates on United States debt have only gone down even as the debt has ballooned. That’s the reason why Great Britain has very low rates on its debt despite having very high debt-to-GDP. That’s the reason why Japan has an astounding debt-to-GDP ratio and still enjoys some of the lowest rates ever. Investors have bet for so long that there would be a run on Japanese debt and have ended up so ruined that in financial circles that trade is called “the Widowmaker”. (Here’s a more detailed analysis by my former colleague Joe Weisenthal at Business Insider.)
Well, what about Argentina? Argentina had to default on its debt because it had pegged its currency to the US dollar. It wasn’t sovereign with regard to its currency since it had to maintain its currency’s peg. It wasn’t Argentina’s debt that caused it to default, it was its currency peg.
What about Greece? Same thing. Greece hasn’t used its own currency for ten years. Of course it’s going bankrupt.
Does it seem that strange that governments can’t run out of money?
You don’t have to take my word for it. How about Alan Greenspan? He said (PDF): ”[A] government cannot become insolvent with respect to obligations in its own currency. A fiat money system, like the ones we have today, can produce such claims without limit.”


CNBC Exec’s Children Murdered After Reporting On $43 Trillion Lawsuit Against US Banks
Market Watch still runs story of $43 trillion lawsuit against US banks after CNBC erases their version following murder of CNBC executive’s children.
Spire Law Group, LLP’s national home owners’ lawsuit, pending in the venue where the “Banksters” control their $43 trillion racketeering scheme (New York) – known as the largest money laundering and racketeering lawsuit in United States History and identifying $43 trillion ($43,000,000,000,000.00) of laundered money by the “Banksters” and their U.S. racketeering partners and joint venturers – now pinpoints the identities of the key racketeering partners of the “Banksters” located in the highest offices of government and acting for their own self-interests.
—————————————————————————
Commentary by Mike Rivero (whatreallyhappened.com)
KEEPING THIS STORY AT THE TOP.
Please share with your friends.
This story about the lawsuit broke Thursday at CNBC.
Now following the original CNBC link takes you to a blank page, even though some of the comments on that original article remain (UPDATE: comments have been erased as well).
Here the story takes a dark turn!
It turns out that Kevin Krim, the father of the two children stabbed to death, allegedly by the Nanny, is SVP and General Manager, CNBC Digital!
And shortly after the murder of the children, CNBC pulled down the story regarding the lawsuit against the banks!
How long will the story remain at Marketwatch before it is “Orwellized?”
Are the children of the executives at Marketwatch even now in danger?
As a side note, the official story regarding the murders is that the nanny stabbed the children, then tried to slash her own throat.
Suicide by cutting ones own throat is extremely rare, less than one percent of all suicides, and is primarily committed by men with military experience.
Women committing suicide by slashing their own throat is almost unheard of!
While the corporate-owned media is proclaiming the “rush to judgement” guilt of the nanny (who has survived but cannot yet speak) she has not actually been charged yet, nor is there any apparent motive for the nanny to have done such a thing.

Here is the 912 page lawsuit in full, pdf.

Read more at http://investmentwatchblog.com/43-trillion-racketeering-laundering-lawsuit/#bsgVdIlmKQpzLGoO.99

J.P. Morgan's Blythe Masters Withdraws From CFTC Panel

http://www.marketwatch.com/story/jp-morgans-blythe-masters-withdraws-from-cftc-panel-2014-02-07-114491433

J.P. Morgan's Blythe Masters Withdraws From CFTC Panel

By Andrew Ackerman , The Wall Street Journal

WASHINGTON—J.P. Morgan Chase JPM +0.25% & Co. commodities chief Blythe Masters withdrew from a regulator's advisory panel a day after her appointment was disclosed amid Democratic lawmaker objections to her involvement, people familiar with the matter said.
The lawmakers expressed concern about Ms. Masters's participation in the Commodity Futures Trading Commission panel given her role presiding over a unit accused of manipulating power markets. Last summer, J.P. Morgan paid a $410 million fine to settle the accusations by a federal electricity regulator. The settlement prompted the Justice Department to open its own investigation of the firm's energy practices. The bank didn't admit any wrongdoing as part of the settlement.
The CFTC's disclosure Thursday that Ms. Masters had been appointed to its global markets advisory committee prompted calls to the CFTC by aides to senior Democratic lawmakers, the people familiar with the matter said.
Lawmakers and their aides were "surprised" that a regulator would invite an individual whose division allegedly manipulated markets to act as an adviser on the regulation of commodities, one Senate Democratic aide said.
Acting CFTC Chairman Mark Wetjen and Ms. Masters spoke by phone and both agreed her appointment "wouldn't be good at this time," a CFTC official said. Mr. Wetjen had earlier invited Ms. Masters to participate on the panel. Mr. Wetjen declined to comment through a spokesman.
A J.P. Morgan official said Ms. Masters's decision to step down came after she realized the workload associated with the sale of the bank's physical commodities business would make it hard for her to participate on the panel. The bank plans to complete the sale in the first half of 2014. The official said the bank would offer another executive to serve on the panel.
The global markets committee, which includes industry executives, consumer advocates and academics, advises the CFTC on the overseas application of the agency's rules. It is set to meet Wednesday to discuss the CFTC's plan to impose its swaps rules overseas, something big banks have largely opposed.
While in her 20s, Ms. Masters was among the team of J.P. Morgan bankers who helped breathe life into the market for credit-default swaps, which aided the bank in removing risk from its books.
Credit-default swaps are insurance-like contracts that pay out when a country or company defaults on its debt.
The CFTC has pushed to make the swaps market more transparent and safer in the wake of the financial crisis, when banks' swaps trades soured. The CFTC's efforts have prompted blowback from the industry, particularly guidance clarifying that overseas banks must adhere to CFTC rules if they book a swaps deal abroad but use U.S.-based personnel to arrange, execute or negotiate the transactions. Three industry groups have filed suit against the agency over its guidance.
The global markets panel includes executives from other large banks, including Robert Klein , managing director and associate general counsel at Citigroup C +2.26% Inc., and Samara Cohen , managing director of the securities division at Goldman Sachs Group GS +0.11% Inc.
Christian Berthelsen contributed to this article.
Write to Andrew Ackerman at andrew.ackerman@wsj.com

http://www.marketwatch.com/story/jp-morgans-blythe-masters-withdraws-from-cftc-panel-2014-02-07-114491433

"As We Seek A Safe Place For Capital" Part 1

 "As We Seek A Safe Place For Capital"    Part 1
02/08/2014
Post From KTFA By Memphis » February 7th, 2014, 8:11 pm   •  [Post 8] 

The Sovereign Debt Crisis is behind this?

Memphis:  Great find water guy, Ty. :handshake2:

This post is not dinar related but is directed at the growing number of people who are developing a global mindset. I have been following this story because it has value. There has been much press on this lately and some other news that is directly related but only to those who are truly L@@King (we'll connect those dots below ).

The world is changing and beneath the surface of THIS press release lies a much bigger story, the under lying symptom (sickness) that is driving it and THAT is important to us all as we seek a safe place for capital.
...
Read More Link On Right

Allow me to insert my notes within the article here. There is much to be said and it needs to (hopefully) be presented in a thoughtful manner.

Below is the article as a quote ( in italic) from WaterGuy's post then I will follow it up by re-posting the news piece with commentary added.

Please follow closely the use of [brackets] where my notes are added to the body of the article.

waterguy101 wrote on February 6th, 2014, 8:13 pm:

The foreign-exchange trading business was in upheaval across Wall Street as senior executives resigned and others were fired amid an expanding probe of possible currency manipulation.

Benjamin Lawsky, superintendent of New York’s Department of Financial Services, asked more than a dozen firms including Deutsche Bank AG (DB), Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) for documents on their currency-trading practices, said a person with knowledge of the matter.

 Deutsche Bank, the top foreign-exchange trader, fired four dealers after an internal probe, people with knowledge of the move said. Goldman Sachs lost two partners while Citigroup said its foreign-exchange chief will leave in March.

Lawsky’s investigation is at least the 12th opened by authorities in Europe, the U.S. and Asia since Bloomberg News reported that traders at the world’s largest banks colluded to manipulate the benchmark WM/Reuters rates.

Even staff who aren’t being probed are reassessing career plans as the scandal forces firms to change fundamental practices as revenue falls.

The Libor Scandal Sets Off a Wave of Probes

“Currency traders are now sitting in an unprecedented and unwelcome spotlight,” said John Purcell, chief executive officer of Purcell & Co., a London-based executive-search firm. “Regulatory pressures, scandals and attendant reputational issues are making it a much more challenging environment.”

Photographer: Jin Lee/Bloomberg

Benjamin Lawsky, the superintendent of New York’s Department of Financial Services, has...

Benjamin Lawsky, the superintendent of New York’s Department of Financial Services, has authority over financial institutions chartered in his state, including several non-U.S. banks that do business in the country.

Photographer: Jin Lee/Bloomberg

Benjamin Lawsky, the superintendent of New York’s Department of Financial Services, has authority over financial institutions chartered in his state, including several non-U.S. banks that do business in the country.

At least 16 traders have been suspended or put on leave amid the global probe. Citigroup last month fired European spot trading chief Rohan Ramchandani.

http://www.bloomberg.com/news/2014-02-05/currency-market-unsettled-by-trader-exits-as-lawsky-opens-probe.html

Memphis:  Ready? Sleeves rolled up? :thug:

The foreign-exchange trading business was in upheaval across Wall Street as senior executives resigned and others were fired amid an expanding probe of possible currency manipulation.

Memphis [note: The big banks are firing people and top level execs are resigning. If this does not cause us to pause and ask questions then we are asleep at the wheel! These guy's respect nothing and the above ACTIONS on their part is already an admission of....guilt.

What is it that they have been doing behind closed doors for a very long time and further? Why are their indiscretions being made public? Why now? ]

Benjamin Lawsky, superintendent of New York’s Department of Financial Services, asked more than a dozen firms including Deutsche Bank AG (DB), Goldman Sachs Group Inc. (GS) and Citigroup Inc. (C) for documents on their currency-trading practices, said a person with knowledge of the matter.

Deutsche Bank, the top foreign-exchange trader, fired four dealers after an internal probe, people with knowledge of the move said. Goldman Sachs lost two partners while Citigroup said its foreign-exchange chief will leave in March.


Memphis [note: Mr. Lawsky is a state banking regulator. He is (forgive the pun) "the law". How's that for irony? This is a very big probe into the shadow banking world, the investment side of the big banks that is seldom spoken of publicly and certainly never seen by the public.

Have you noticed how hard it is to get a bank loan these days for ANYTHING? Even student loans are being rejected because the banks will not lend with interest rates so low as there is no incentive to do so.

Politicians and even the FED do not recognize that there is always a cause and effect to every action and this fake market of zero interest rates has actually ENCOURAGED the big investment banks to be even more reckless in their speculations.

Note again here that these banks are firing senior people after only INTERNAL probes. These guys are scared and for good reason. What is being revealed to the world is a gross example of unfettered greed. A level of greed that you cannot begin to imagine. More on that later...]

Lawsky’s investigation is at least the 12th opened by authorities in Europe, the U.S. and Asia since Bloomberg News reported that traders at the world’s largest banks colluded to manipulate the benchmark WM/Reuters rates....

Memphis [note : the banksters have been manipulating FOREX (foreign exchange rates) of the world's currencies and profiting on this. They have been rigging the game at the highest level and none of the New York regulators have come close to trying to stop this game.

 The inbreeding in New York is so vast that no one has dared to bring suit against a big bank.

Such a law firm would be black listed and their practice ruined! Not only can gov 't be pointed to as the cause for this unfettered greed (i.e. The repeal of Glass- Stegall under Clinton, suppressed interest rates, etc) but this immense display of man's greed has gone unchecked ALSO because of government!

Answer this: What is the natural deterrent ( the force that stands opposed) to man 's greed? The answer is FEAR.

The fear of loss, of being wrong, and losing everything, is the natural "check and balance" that prevents reckless behavior. But gov't has given the big banks cover by bailing them out for these reckless trades that go wrong.

Do not think for a minute that all of these "traders" have great minds! The level of reckless and foolish betting is on a level that would make you sick.

These people are largely idiots that have been profiting at insane levels with no barriers for years because they have had a seat at the table where the rules are made and THAT is the story here. The rules are changing....

If you are in the camp that believes this will lead to a pure system where the banks will all turn from being Mr. Potter and suddenly become George Bailey and we will all dance in fields of flowers with unicorns? Sorry, think again.

What is manifesting is simply rooted in the sovereign debt crisis that is sweeping the world.

The days of government's stepping in to settle the massive debts incurred by these banksters is.....over.

The banks are being served notice and this scandal (and it 's step brother named LIBOR) are the evidence. Early projections are that this manipulation in FOREX will dwarf that of the LIBOR probe that is bringing billions in fines against the worst offenders.

Also, these events are natural progressions in the unfolding cycle that we see playing out. The cycle of the fall of all developed nations who have recklessly borrowed against their yet to be born generations.

As proof of my assertion that we are not heading to utopia here with gumdrops and lollipops for all here is a marker to look for:

If high level bankers go to jail? Then I was wrong. If however, you see banks paying fines (a slap on the wrist) then It is still business as usual with some restraint being forced upon these guys INTERNALLY to actually make good bets.

Gov't regulation is never the answer, the market will pick the winners and losers based on performance. But I digress....]

Even staff who aren’t being probed are reassessing career plans as the scandal forces firms to change fundamental practices as revenue falls.

Memphis [note: "reassessing career plans" Doesn't that seem a bit extreme? Let me digress here and say (again) that our ability to ask the right questions makes all the difference in the pursuit of critical thought.

America has a huge unemployment problem. Much larger than reported. I have followed the numbers for over four years as reported weekly and my best CONSERVATIVE estimate is in excess of 25% of the workforce with over half of Americans on some form of gov't assistance. But these guys are looking for a career change? To do what? :popcorn:

Clue #1 - the above quote: "...to change fundamental practices..." Tells us that the rules are changing, that in the future they will have to work much harder to find true value in the market and actually answer for their mistakes when trades go bad.

Clue#2 - Fear for their lives. In the past two weeks (leading up to some initial testimony from the banks) there have been several unexplained suicides from high level bank executives from the very same banks who are being fingered in this probe.

There is a connection here, I have no doubt on that point and neither do the co-workers of these (now dead) high level targets.]

The Libor Scandal Sets Off a Wave of Probes

“Currency traders are now sitting in an unprecedented and unwelcome spotlight,” said John Purcell, chief executive officer of Purcell & Co., a London-based executive-search firm. “Regulatory pressures, scandals and attendant reputational issues are making it a much more challenging environment.”


Memphis [note: The proper question to ask is why are governments going after this publicly? No one said a word when CitiBank manipulated the bond market in Greece a few years ago, playing with the wealth of an entire nation of people as if they were pawns in a game simply because they could.

They shorted Greece and raped the unsuspecting people of a vast fortune and yet nothing was made public? Did anyone go to jail over that one? Nope, there is a deeper issue at play here. Let me paraphrase the above words: "attendant reputational issues..."

what they are really saying here?

"Our gross misdeeds are being brought forward in some measure and we have to show repentance in any way possible and then claim ignorance when all else fails. Beyond that, we are going to have to actually research opportunities in the future to avoid losses. We are not happy..."]

Memphis [note : in the coming months many more evidences will unfold (across Europe and the US) as state and local municipalities begin to crumble under the weight of their debt burdens and the massive pension liabilities that can never (and COULD never) be paid.

They will all follow the same play book as did Detroit. Bankruptcy is the only way out as they cannot print money and a total default is the only solution. These will be important markers to follow.

To close here, banks will no longer be bailed out by sovereign gov't that has no money and we as individuals must not be found behind the curve on this trend.

Going forward it will not be the taxpayer who is stuck with the bill. On the surface this seems a good thing right? Think again...

The tab is going to be laid at the feet of the banks themselves. THEY will have to pay for their own misdeeds. Again, seems a good thing right? Think again...

This means that the investors in the bank will be left holding the bag. As a bank becomes not only insolvent but ALSO their liquidity dries up they will begin to simply close their doors and seek protection thru the courts.

THIS is where the investors will be left holding the tab as they see their money simply go poof. As of January 01, 2014 a major change has taken place in America regarding our relationship with our banker.

Your money in the bank is no longer treated as a deposit.

You are legally assigned as an investor in your bank
and further you take a subordinate position to the primary investors meaning that they get paid 1st and then you get paid....last. In Cyprus the people only lost about 60% of deposits so let's think positive here....]

Blessings,  Memphis

"As We Seek A Safe Place For Capital" Part 2

"As We Seek A Safe Place For Capital"  Part 2

02/08/2014
Post From KTFA By Memphis » February 8th, 2014, 2:20 am   •  [Post 95] 

So how do we account for this?

This afternoon I spent a few hours forming a post in my mind and then making it a reality. This was done not for lack of things to do but out of great concern for people to recognize the times in which we live. If you have not read post #8 on page one then I will encourage it's reading prior to THIS post.

The VALUE is in being informed and that step cannot be skipped. If you fail to appreciate the big issues faced by our nation, it's monetary system, it's crisis of debt and it's illiquid banking system then simply reading here in search for some quick answers is like cheating! I am here to help people as God gives me the ability.

The times in which we live will not be forgiving of willful ignorance.
...
Read More Link On Right


If it seems I am being overly dramatic here then let me dial it up a notch and say that in the medium to long term discussion I am 100% convinced that America's monetary system will crumble in a heap of ruin leaving most people wondering what happened while many are left crying out to a bankrupt gov't to make it all better.

My point here is simply to impress that yes, some of these things DO matter to me and my family. There is a lot of "noise" in the world making it confusing for many to recognize VALUE.

I can promise you that anything that I post on is a result of extensive study. One of my strengths is that I recognize value. Along those lines is an ability to see value in people....and their words. When I see it, I pause and take notes. When I do not, I walk on by....

In response to my post earlier:

Post By jaxjags » February 7th, 2014, 7:46 pm • [Post 27]  Memphis, Thank you for your post...........however, thinking forward how do we protect our future deposits????

Do you spread them out through several banks/credit unions???Do we go overseas?

Post By agold » February 7th, 2014, 7:33 pm • [Post 20]  Thank you Memphis. I know the "problem" with bank accounts have come up before, but given the last sentence and your conclusion please comment on what should a wise person do given their assests in a bank account are not owned by them but "investments" in the bank - all this without the usual investment agreement and clauses?

I think time is right for us to discuss and learn as much as we can of the wisdom of holding assets in a bank accounts under these sircumstances. Thank you. Perhaps this is a topic for a series on "sound off"?

And from a PM (edited for privacy):  ...are credit unions going to be any safer than major banks? I am aware that a credit union doesn't usually handle large accounts.   Other than sound investments in finances, real estate, would you offer any other ideas that might help...?

Memphis:  OK, 1st off as agold asked: "Perhaps this is a topic for a series on "sound off"?"

I consider that if a thing is of importance then it is best served up as publicly as possible. This is why I no longer answer PM's. If we can discuss it openly for all to profit then count me in! I am quite capable of speaking in generalities here and not give direct specific advice.

As to using credit unions, smaller local banks, etc? IMO the cracks will 1st develop in the big banks as it is they who have been engaged in the proprietary lending and making reckless bets like drunken sailors.

The timing of these cracks is of course the key and the quick but important answer is to not be caught behind the curve. In the extreme discussion, trying to time things closely and for me withdraw all my money from bank "A" the day prior to it closing it's doors is beyond insanity.

Going a step further down this rabbit hole we have to ask this question:

"What is the problem? What event am I trying to avoid or mitigate?

The answer here leads us to an entirely separate discussion concerning the monetary system. The FED has debased our currencies value thru recklessly increasing it's supply.

This is not simply a marker for coming inflation it is in fact the very definition of inflation. If I give you a nice tall glass of sweet tea, the kind that's so sweet you can use it on pancakes?

What value would you find in this sweet tea if I placed it under a faucet that is left to trickle water (ever so slowly) until eventually your tall glass of fine southern sweet tea tastes like a weak sugar water?

This is the debasement of our nations money that continues today and it will have consequences just as it has all thru history. This is not a new thing folks. Developed nations have been following this play book for many centuries.

The nation of Lydia had the 1st known currency that was based in metals. At around 550BC they were movers and shakers with gold coins used for large national trade and silver coins minted for daily use at a ratio of 12.5 (gold to silver). That system somehow fell into ruin tho?

How is that possible to have a gold backed system of money and yet it get debased (deflated, deluted) to nothing? Glad you asked....

They found a need for more money to fund their massive war effort to fight off their neighbors who decided to not play nice. As a result their GOVERNMENT began issuing the next iteration of money but it somehow seemed different than before.

They simply made the same coins with the same face value as before but with less gold/silver in them. This practice continued until eventually the metal was no longer even close to pure in content.

Their monetary system crashed BECAUSE gov't controlled it.

Why do these cycles repeat? Because man's nature is the same.

Our governments grow in power until they think that it is they who are the sovereign and not the people and the politicians become so desperate to preserve their power that they cannot see the futility of their actions until it all simply crumbles.

"History never repeats itself, but it does rhyme." ~ Mark Twain

If this reply seems lengthy, I haven't even scratched the surface yet but let's conclude with this.....

If the monetary system is our concern then in the long term discussion we must isolate ourselves from the USD. Name any financial instrument that you own and then ask yourself if it is ultimately denominated in the USD.

 If yes, then you are exposed to an event that will be costly. Post RV, I will minimize this exposure using all means at my disposal and facilitated by the best minds that I can source in their respective fields.

This reply obviously moves us past the question of what US bank do we use?

I am not a proponent of fear so understand that some of these events are going to play out over time (perhaps a few years) and others may manifest sooner. Bottom line? When given the opportunity to act, take it.

***And before running to the bank on day #1 after the RV waving your dinar with your hair of fire consider that the one asset class that we likely all have in common that is sheltered from the USD is that same one that you cannot wait to surrender! :popcorn:

Post From KTFA By Memphis » February 8th, 2014, 5:40 am   •  [Post 109] 

donardek wrote on February 8th, 2014, 3:26 am:  MEMPHIS.......You have changed my entire outlook on this event, I am looking at it with a whole new clarity. From the sincerest place in my heart, THANK YOU!!!!

Memphis:  I feel compelled to say that posts such as this....move me.

God has placed so many things in my heart that I would love to share and yet I am driven daily to be a good steward of the short time that remains before we all get promoted. And with any promotion comes greater responsibility!

Randy's excellent opening post gave me a great opening to share a personal story of God's promise to my home concerning this promotion and certain other events in my life that I would love to share would leave people amazed at God's wonderful and amazing grace and yet....

Here I am, driven by God's Spirit in another direction to be a simple student and to share with others only the best parts, the cream that I see continually rising.

It is a blessing to know that others see value in being prepared. :gracias:

Briefly let me respond to this post:

Post By ehankins » February 8th, 2014, 2:09 am • [Post 102]  MEMPHIS,, I'VE HEARD YOUR VOICE FOR A LONG TIME ON THIS FORUM WITH A REALIZATION THAT YOU ARE A SINCERE MAN..NO SMOKE HERE. READING THIS POST HAS ASSURED ME OF THE SUSPICIONS AHEAD.

Memphis [note: thanks]

Ehankins:  WHEN LISTENING TO YOU ON A CC 1-2 WEEKS AGO SET ME FIRM THAT "THE NORM " IS OVER. I ASK A SIMPLE OBVIOUS QUESTION OR TWO OF YOU. YOU SAID, "HOW TO KEEP IT" OUR MONEY.

THAT'S THE OBVIOUS DELEMA COMING....WHEN THE RV OCCURES WE CASH IN WILL IT BE THAT STRAIGHT FORWARD RIGHT AWAY THAT THE BANKS KEEP IT? AN IMMEDIATE STRUGGLE OR WILL THIS BEGIN IN A COUPLE OF YRS.

Memphis [note: this is a point open to debate. I look at everything from the extremes to help establish a position and one such extreme here is that very soon we will have tens of thousands of new millionaires placing these monies on deposit within our banking system and that our currency will be devalued soon thereafter

OR that the banks will simply seize large portions of these funds. IMO, the likelihood of this extreme playing out in the near term is quite low... but not impossible.

With FATCA now firmly in place our gov't can sleep well at night knowing where every penny is so that it can be taxed. Further, it is likely that we will see banking failures happening across Europe prior to the US.

Some analysts even predict the fall of Germany's largest bank Deustche (sp) before years end so I see some probability that such events might serve as warning signs or harbingers.

The other extreme here would be that nothing happens to the US banks or our monetary system for years.

 I see many cycles converging in about 18mo that will portend hard times ahead for the US.

I do not plan on waiting that long because one simple variable in all of this that WILL cause events to accelerate and come seemingly out of nowhere is the "confidence game". Once people's confidence erodes? Imagine the bank run scene from It's a Wonderful Life....on steroids.

Beyond this, I hesitate to speculate further until more information comes my way.]

Ehankins:  IT'S CLEAR NOT TO INVEST IN ANY BANK. SO, I BELIEVE BUYING GOLD, SILVER, REAL ESTATE ANY TANGEBLE ASSET WOULD BE THE ANSWER? YES A QUESTION BECAUSE I'M IN THE DARK.

Memphis [note: get in line sir, that's exactly what China is doing. Think they are trying to stay ahead of the game?

Your thoughts here are very sound ones. Has anyone researched the concept of State Banks such as exists in North Dakota? Not a recommendation, just food for thought as they operate independent of the FED.]

Ehankins:  I'VE WORKED FOR 45 YRS. AND NOW I HAVE THE DINAR IN HOPES OF LEAVING A LEGACY FOR MY CHILDREN AND THEIRS. SO, I'LL KEEP READING YOUR POSTS AS THEY ARRIVE. I FEEL YOUR HEART IN THIS MATTER. YOU ARE A BLESSING. THANKS

Memphis [note: may your legacy extend to the end of this age! As to MY posts? There are many smart people who pop in here and can add great value to the discussion. I will gladly give an opinion if one exists and if not? I have no problem saying so,]

One last comment for the day. I try to avoid discussions of the GCR but in light of my posts today and the discussion of our sovereign debt crisis let me pose a question:

The premise of a GCR as presented to me is that many/most of the world's currencies will be re-priced such that a proper balance will be made manifest and things will be made right in the world so my question becomes....

What about all the debt?

 Show me how re-pricing a currency actually fixes anything and if the answer contains a reference to a gold standard or other asset backed support for the currency how does THAT fix the debt issue?

My last post gave historical evidence that ANY currency controlled by the gov't (or even worse, a central bank) is always subject to debasement.

I have no axe to grind, just questions that need answers to help me understand...

Blessings,  Memphis

http://www.dinarrecaps.com/1/post/2014/02/as-we-seek-a-safe-place-for-capital-part-2.html

Spanish Princess testifies in royal corruption case

Spanish Princess testifies in royal corruption case

   Published: Saturday, 8 Feb 2014




Albert Salame | Anadolu Agency | Getty Images
Spain's Princess Cristina arrives at the courthouse to hear the accusations of being a fraud and money laundering in Palma de Mallorca
Spain's Princess Cristina gave testimony before a judge on Saturday in a corruption case that has deepened public anger over graft among the ruling class and discontent with the royal family.
Cristina, the younger daughter of King Juan Carlos, faces preliminary charges of tax fraud and money laundering linked to her use of funds from a shell company she co-owned with her husband Inaki Urdangarin, who is charged with crimes including embezzling 6 million euros of public money.
It is the first time since the monarchy was restored in 1975 after the Francisco Franco dictatorship that a member of the royal family has been summoned in a criminal proceeding.
The princess, 48, arrived at the courthouse shortly before 10 am (0900 GMT) to face dozens of questions from the judge in a closed-door hearing in Palma de Mallorca, capital of the Balearic Islands.
Urdangarin, a former Olympic handball player, is accused of using his royal connections to win generous no-bid contracts from the Balearic government to put on sports and marketing events during the boom years before a 2008 property market crash, when local governments were awash with cash.
He and his partners in a consulting firm called the Noos Institute are accused of overcharging, and of charging for services never provided.
The court gave the princess - accused of using Noos Institute proceeds to pay for items such as an expensive remodelling of her Barcelona mansion - special permission to be driven to the courthouse door, citing security reasons.
The decision sparked public outrage because it allowed the princess to dodge hundreds of television cameras and further heated a debate over whether she has been given favourable judicial treatment.
She was driven down the ramp and walked the last few steps to the courthouse, smiling at the press and dressed soberly in a white shirt and black jacket.
Spanish broadcasters have incessantly replayed footage of her grim-faced husband walking into court along a pedestrian ramp when he went before the judge last year.
"I'm a monarchist, but if they have done wrong they should return what they stole and be exposed just like the rest of us," said Angel Rodriguez, an 80-year-old pensioner passing by the court.
There were almost 400 reporters outside the court and around 200 police officers.
The scandal has run parallel to a prolonged slide in the popularity of the once-revered King Juan Carlos after a series of gaffes showed his high-flying lifestyle to be woefully out of step with a nation suffering economic hardship.
An opinion poll released last month put the king's popularity at a record low, with almost two thirds of Spaniards wanting him to abdicate and hand the crown to his son.
As Spain slowly shakes free of a prolonged economic and financial crisis, national and local governments are tightening their belts and judges are looking into hundreds of corruption cases from the easy-money years before 2008.
The multiple probes of top politicians, union leaders and bankers are being pushed by anti-graft groups, while state prosecutors balk at tackling politically sensitive cases.
That is the case with Judge Jose Castro's investigation of Princess Cristina. He has pursued the case spurred on by private anti-corruption groups and despite resistance from the state prosecutor, who has come out in defence of the princess.
After Saturday's hearing, Castro could formalise the charges and move to trial, or he could drop the charges or allow the princess to plea to lesser charges.
Many Spaniards think she will get off lightly.
"This is a country where there are no consequences for being corrupt. They get a free ride," said Maria Gomila, an 18-year-old student.
Dozens of civil servants demonstrated near the courthouse late on Friday against public spending cuts and "institutionalised corruption".
Castro brought the preliminary charges against the princess in January in a 227-page ruling. Last year he brought charges of aiding and abetting, only to have them thrown out by a higher court. The investigation began four years ago.
Both the princess and Urdangarin - who have not represented the Crown at official events since 2011 - have denied wrongdoing.
The princess has stuck by her husband, but last year moved with their four children to Switzerland to escape media attention. She works for a charitable foundation there.
More than 200 extra police officers were on hand in Palma de Mallorca in case of protests near the courthouse and road blocks were put up in the neighborhood.
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US tests B61 Atomic Bomb- fire later that night at labs

SATURDAY, 8 FEBRUARY 2014

US tests B61 Atomic Bomb- fire later that night at labs

About two hours after I published the Transpicuous News for Feb 6, I received an email from a reader in Los Alamos, Stating that on Feb 5th  "there was a fire Wednesday night at the site where they bury the lab's radio-active wastes (alarming enough in itself-but they own the town--which is full of cancer patients). "

I sent that information through a few channels that I have to check things and sure enough I last night I received verification of these events.


I am posting all the links below for the information that I have been looking into.  



http://www.1stheadlines.com/cgi-bin/getheds.cgi?search=Los%20Alamos%20%28NM%29%20Monitor

Fire prompts evacuation at WIPP


By Associated Press

CARLSBAD, N.M. (AP) — Emergency crews battled a fire Wednesday at the southeastern New Mexico site where the federal government seals away its low-grade nuclear waste, including plutonium-contaminated clothing and tools.
Six people were treated for smoke inhalation and released a short while later after a truck hauling salt caught fire at the Waste Isolation Pilot Plant near Carlsbad.
All employees were evacuated from the underground site after the fire broke out about 11 a.m. Wednesday, and none of the radioactive waste was affected, plant officials said.
Authorities said they weren't sure what caused the blaze.


The B61 nuclear bomb is one of the primary thermonuclear weapons in the U.S.Enduring Stockpile following the end of the Cold War. It is an intermediate yieldstrategic and tactical nuclear weapon featuring a two-stage radiation implosiondesign.[1]

http://en.wikipedia.org/wiki/B61_nuclear_bomb

US SUCCESSFULLY TESTS B-61 ATOMIC BOMB



The US has successfully tested an updated version of a B-61 atomic bomb in defiance of the Nuclear Non-Proliferation Treaty, which calls for nuclear disarmament. 
The National Nuclear Security Administration said in a statement that the test was conducted on Tuesday by the Los Alamos and Sandia national laboratories, National Journal reported.
The analysis "is a significant achievement and gives us confidence in our ability to move forward with our efforts to increase the safety and security of the bomb," Don Cook, NNSA deputy administrator for defense programs, said.
The test was meant to verify how a new model of the B-61 bomb would work under routine conditions or accident scenarios, according to the NNSA.
The analysis also included the targeting accuracy of the revamped model of the nuclear gravity bomb also called Mod-12.
Engineering work for Mod-12, which has been underway for two years, is aimed at keeping B-61 bombs ready for potential use and bolstering their security.
The initial test "provides data for analytical model correlation and validation, insight into component environments and evaluation of developmental hardware," the NNSA said. "The mechanical environment test series will assist in qualifying the final B-61‐12 design against the full suite of environments."
AGB/AGB

http://www.presstv.ir/detail/2014/02/06/349556/us-successfully-tests-b61-atomic-bomb/
 and
http://www.nti.org/gsn/article/us-conducts-analysis-updated-b-61-bomb/




U.S. DROPS B-61 BOMB EXTERIOR IN EARTH-PENETRATION TEST

The United States on Tuesday said it dropped a B-61 nuclear-bomb exterior in a test that rammed the unarmed weapon through the earth's surface.
Sandia National Laboratories said it saw no surprises in the outcome of exercise, which used aB-61 Mod 11 bomb lacking any atomic materials. The analysis at the Coyote Canyon Test Range was the New Mexico facility's first test in seven years to scrutinize how such a weapon -- rocket-propelled for the trial drop -- makes contact with the earth's surface, according to a press release.
Laboratory personnel outfitted the armament with thrusters to slam it into the ground, as well as measurement tools to gather data on its physical behavior. As part of the examination, workers chilled the weapon's inner and outer parts to a level significantly below 0 degrees Fahrenheit prior to its release.
Such "surveillance" assessments focus on how bomb parts act in a specific environment, and can involve a range of physical situations.
Initial findings from the latest test indicate that the weapon's performance was satisfactory in the least-accommodating environment in which it is still expected to be highly dependable, senior manager Patrick Sena said in provided comments.
"One important way to assure deterrence is to have a successful surveillance test that shows our systems work," he said.

http://www.nti.org/gsn/article/us-drops-b-61-bomb-exterior-earth-penetration-test/ 

 In investigating Sandia National Laboratories I came across this:

"Z Machine

Sandia is home to Earth’s most powerful pulsed-power facility and X-ray generator. The Z machine compresses energy in time and space to achieve extreme powers and intensities for research in high energy density science."
  From Wikipedia:
The Sandia National Laboratories, managed and operated by the Sandia Corporation (a wholly owned subsidiary of Lockheed Martin Corporation), are two major United States Department of Energy research and development national laboratories....

...Sandia National Laboratories' roots go back to World War II and the Manhattan Project.

...In the many months leading up to successful detonation of the first atomic bomb, the Trinity test, and delivery of the first airborne atomic weapon, Project AlbertaJ. Robert Oppenheimer, Director of Los Alamos Laboratory, and his technical advisor, Hartly Rowe, began looking for a new site convenient to Los Alamos for the continuation of weapons development – especially its non-nuclear aspects. They felt a separate division would be best to perform these functions. Kirtland had fulfilled Los Alamos' transportation needs for both the Trinity and Alberta projects, thus, Oxnard Field was transferred from the jurisdiction of the Army Air Corps to the U.S. Army Service Forces Chief of Engineer District, and thereafter, assigned to the Manhattan Engineer District. In July 1945, the forerunner of Sandia Laboratory, known as "Z" Division, was established at Oxnard Field to handle future weapons development, testing, and bomb assembly for the Manhattan Engineer District. The District-directive calling for establishing a secure area and construction of "Z" Division facilities referred to this as "Sandia Base" — apparently the first official recognition of the "Sandia" name.

 .....On February 13, 2007, a New Mexico State Court found Sandia Corporation liable for $4.7 million in damages for the firing of a former network security analyst, Shawn Carpenter, who had reported to his supervisors that hundreds of military installations and defense contractors' networks were compromised and sensitive information was being stolen – including hundreds of sensitive Lockheed documents on the Mars Reconnaissance Orbiter project. When his supervisors told him to drop the investigation and do nothing with the information, he went to intelligence officials in the United States Army and later the Federal Bureau of Investigation to address the national security breaches. When Sandia managers discovered his actions months later, they revoked his security clearance and fired him.[2]

http://en.wikipedia.org/wiki/Sandia_National_Laboratories 

Benghazi* Benghazi* Benghazi !!!

Dear Art (sharing w/All PATRIOTS bcc herein),

  Thank you my Brother for forwarding.
  As it has been pointed out by the Confederate Society and our Board of Directors, there are few today in ‘Congress’ who have even worn the Uniform.

  When we served, we all walked away with at least one thing- a more Profound Respect for oneself in which Humbleness and Humility was LEARNED.
  Those TWO elements taught us that there is NO SUBSTITUTE for ‘Manning Up’.
  EXCUSES is NO OPTION and there is NO TOLERANCE for allowing Wrong to Replace RIGHT!

  But much of these simple Components of Identity have been lost today thanks to the Alter of Political Correctness created by the 2-Party Oligarchy that occupies the District of Criminals.

  God Bless Art,
Confederately,
Craig
_____________________________

From: Art Legge [mailto:rebart88@hotmail.com]
Sent: Friday, February 07, 2014 4:35 PM
Subject: FW: Benghazi

The language used here in some cases, in expressing justifiable anger is justified.   My prayer is that this Benghazi travesty will not be allowed to be forgotten!   Never should we have to be saddled with "a leadership" which for the purpose of political expediency, be allowed to exist in the first place.  All of those who were in dereliction of duty should be held accountable.   Art Legge.   
 

Date: Sun, 26 Jan 2014 21:46:31 -0600
Subject: Benghazi
 
This is a perfect example of what happens when you put inexperienced people in responsible positions and who selects Czars who are equally inexperienced.

Air Force expert on Benghazi
             "Hands" Handley is a well-respected USAF fighter pilot.
             Here is his short resume of accomplishments.
             Colonel Phil "Hands" Handley is credited with the highest speed air- to-air gun kill in the history of aerial combat. He flew operationally for all but 11 months of a 26- year career, in aircraft such as the F-86 Sabre, F-15 Eagle, and the C-130A Hercules.
             Additionally, he flew 275 combat missions during two tours in Southeast Asia in the F- 4D and F-4E.
             His awards include 21 Air Medals, 3 Distinguished Flying Crosses, and the Silver Star.


             Here is what Col. Handley wrote in response to Panetta and Dempsey's claims there was no time to send help to Benghazi ....
               ----------------------------------------------
             May 30, 2013
                       
             Betrayal in Benghazi

             Phil "Hands" Handley Colonel, USAF (Ret.)
                       
             The combat code of the US Military is that we don't abandon our dead or wounded on the battlefield. In US Air Force lingo, fighter pilots don't run off and leave their wingmen. If one of our own is shot down, still alive and not yet in enemy captivity, we will either come to get him or die trying.
                       
             Among America 's fighting forces, the calm, sure knowledge that such an irrevocable bond exists is priceless.
             Along with individual faith and personal grit, it is a sacred trust that has often sustained hope in the face of terribly long odds.
                       
             The disgraceful abandonment of our Ambassador and those brave ex-SEALs who fought to their deaths to save others in that compound is nothing short of dereliction-of- duty.
                       
             Additionally, the patently absurd cover-up scenario that was fabricated in the aftermath was an outright lie in an attempt to shield the President and the Secretary of State from responsibility.
                       
             It has been over eight months since the attack on our compound in Benghazi ....
             The White House strategy, with the aid of a "lap dog" press has been to run out the clock before the truth is forthcoming.
             The recent testimonies of the three "whistle blowers" have reopened the subject and hopefully will lead to exposure and disgrace of those responsible for this embarrassing debacle.
             It would appear that the most recent firewall which the Administration is counting on is the contention "that there were simply no military assets that could be brought to bear in time to make a difference" mainly due to the unavailability of tanker support for fighter aircraft.
                       
             This is simply BS, regardless how many supposed "experts" the Administration trot out to make such an assertion.
                       
             The bottom line is that even if the closest asset capable of response was half-way around the world, you don't just sit on your penguin ass and do nothing.
                       
             The fact is that the closest asset was not half-way around the world, but as near as Aviano Air Base , Italy where two squadrons of F-16Cs are based.
                       
             Consider the following scenario (all times Benghazi local):
             When Hicks in Tripoli receives a call at 9:40 PM from Ambassador Stevens informing him "Greg, we are under attack!" (his last words), Hicks immediately notifies all agencies and prepares for the immediate initiation of an existing "Emergency Response Plan."
                       
             At AFRICON, General Carter Ham attempts to mount a rescue effort, but is told to "stand down".
             By 10:30 PM an unarmed drone is overhead the compound and streaming live feed to various "Command and Control Agencies" so everyone watching that feed knew damn well what was going on.
                       
             At 11:30 PM Woods, Doherty and five others leave Tripoli, arriving in Benghazi at 1:30 AM on Wednesday morning, where they hold off the attacking mob from the roof of the compound until they are killed by a mortar direct hit at 4:00 AM.
                       
             So nothing could have been done, he? Nonsense. If one assumes that tanker support really "was not available" what about this:
                       
             When at 10:00 PM AFRICON alerts the 31st TFW Command Post in Aviano Air Base, Italy of the attack, the Wing Commander orders preparation for the launch of two F-16s and advises the Command Post at NAS Signorelli to prepare for hot pit refueling and quick turn of the jets.
                       
             By 11:30 PM, two F-16Cs with drop tanks and each armed with five hundred 20 MM rounds are airborne.
             Flying at 0.92 mach they will cover the 522 nautical miles directly to NAS Signorelli in 1.08 hours.
             While in-route, the flight lead is informed of the tactical situation, rules of engagement, and radio frequencies to use.
                       
             The jets depart Signorelli at 1:10 AM with full fuel load and cover the 377 nautical miles directly to Benghazi in 0.8 hours, arriving at 1:50 AM which would be 20 minutes after the arrival of Woods, Doherty and their team.
                       
             Providing that the two F-16s initial pass over the mob, in full afterburner at 200 feet and 550 knots did not stop the attack in its tracks, a few well placed strafing runs on targets of opportunity would assuredly do the trick.
                       
             Were the F-16s fuel state insufficient to return to Signorelli after jettisoning their external drop tanks, they could easily do so at Tripoli International Airport , only one-half hour away.
                       
             As for those hand-wringing naysayers who would worry about IFR clearances, border crossing authority, collateral damage, landing rights, political correctness and dozens of other reasons not to act -- screw them. It is time our "leadership" get its priorities straight and put America 's interests first.
                       
             The end result would be that Woods and Doherty would be alive.
             Dozens in the attacking rabble would be rendezvousing with "72 virgins" and a clear message would have been sent to the next worthless POS terrorist contemplating an attack on Americans that it is not really a good idea to "tug" on Superman's cape.
                       
             Of course all this depends upon a Commander In Chief more concerned with saving the lives of those he put in harm's way than getting his crew rested for a campaign fund raising event in Las Vegas the next day.
             It also depends upon a Secretary of State who actually understood "What difference did it make?", and a Secretary of Defense who was watching the feed from the drone and understood what the attack consisted of instead of making an immediate response that "One of the military tenants is that you don't commit assets until you fully understand the tactical situation."
                       
                        YGBSM! ( "You Gotta Be Shittin' Me".)
                       
             Ultimately it comes down to the question of who gave that order to stand down? Whoever that coward turns out to be should be exposed, removed from office, and face criminal charges for dereliction of duty. The combat forces of the United States of America deserve leadership that really does "have their back" when  the chips are down.
                         
                       
             FOR THOSE OF YOU HAVE ACTUALLY TAKEN THE TIME TO READ THIS, DO ONE THING FOR ME AND FORWARD IT TO EVERYONE YOU KNOW!!  TO AVOID THIS HAPPENING  AGAIN, WHOMEVER GAVE THE "STAND DOWN" ORDER NEEDS TO BE EXPOSED!!!!
 
             Handle it...!!!