2014-05-27
The Big Dogs On Wall Street Are Starting To Get Very Nervous: Coming To
America? China & Iran to Execute Bankers On Fraud Charges!
Vatic
Note: A warning to the people of
China..... be careful! These international bankers are very very clever and
deceitful, as well as psychopathic. We have warned you before. If
they keep us busy fighting each other, then they get away with more graft,
corruption, stealing and profit making. You are billions strong in
numbers and you, as masses of humanity, can kick those ROTHSCHILD BANKERS out of
the country.
No world war against Americans,
rather against all bankers under Rothschild that are in your country and their
corporate heads as well. In the meantime, we have started doing so
here. Notice 28 USA bankers went out hotel and office building windows?
Our court system no longer works, so other means are necessary to bring justice
and stability back into our system. This has only just begun.... we have
also continued having record gun and ammo sales right up to today. We
must have over 380 million guns and assault weapons now out here.
I believe that number will grow
and it does not include personal sales between gun owners and buyers. We
can only guess how many that is. We are glad to see China waking up
early. Oh, by the way, forget that solar energy park, since that
last rancher has no intentions of selling or abandoning his land.
And Americans will stand behind him.
The Big Dogs On Wall Street Are
Starting To Get Very Nervous: Coming To America? China & Iran to Execute
Bankers On Fraud Charges!
http://politicalvelcraft.org/2013/02/23/the-big-dogs-on-wall-street-are-starting-to-get-very-nervous-coming-to-america-china-iran-to-execute-bankers-on-fraud-charges/
by Political Velcraft
Why are some of the biggest names in the corporate world
unloading stock like there is no tomorrow, and why are some of the most
prominent investors on Wall Street
loudly warning about the possibility of a market crash? Should we be
alarmed that the big dogs on Wall Street are starting to get very nervous?
Corruption, embezzling, drug-related crimes, and even theft
on a large enough scale can all get you killed in China. Last month, a Chinese
telecommunications executive was sentenced to death for accepting bribes.
In March, China sparked a diplomatic incident by executing
three Filipino citizens on drug trafficking charges. Other non-violent crimes
punished by death have included, for example, 43-year-old Du Yimin, killed in
March 2008 after he borrowed $100 million for investment schemes that never
panned out. – The Atlantic
In aprevious article, I
got very excited about a report that indicated that corporate insiders were
selling nine times more of their own shares than they were buying. Well,
according to a brand new
Bloomberg article, insider sales of
stock have outnumbered insider purchases of stock by a ratio of twelve to
one over the past three months. That is highly unusual. And
right now some of the most respected investors in the financial world are
ringing the alarm bells.
Dennis Gartman says
that it is time to “rush to the sidelines”, Seth Klarman is
warning about “the un-abating risks of collapse”, and Doug Kass is proclaiming
that “we’re headed for a sharp fall”.
So does all of this mean that a
market crash is definitely on the way? No, but when you combine all of
this with the weak economic data constantly coming out of the U.S. and Europe,
it certainly does not paint a pretty picture.
According to Bloomberg,
it has been two years since we have seen insider sales of stock at this
level. And when insider sales of stock are this high, that usually means
that the market is about to decline…
Corporate executives are taking
advantage of near-record U.S. stock prices by selling shares in their companies
at the fastest pace in two years.
There were about 12 stock-sale
announcements over the past three months for every purchase by insiders at
Standard & Poor’s 500 Index (SPX) companies, the highest ratio since
January 2011, according to data compiled by Bloomberg and Pavilion Global
Markets.
Whenever the ratio exceeded 11
in the past, the benchmark index declined 5.9 percent on average in the next
six months, according to Pavilion, a Montreal-based trading firm.
Convicted In France Of Insider Schemes.
Convicted Felon George Soros.
But it isn’t just the number of stock sales that is
alarming. Some of these insider transactions are absolutely huge.
Just check out these numbers…
Among the biggest transactions
last week were a $65.2 million sale by Google Inc.’s
39-year-old Chief Executive Officer
Larry Page, a $40.1 million disposal by News Corp.’s
81- year-old Chairman and CEO Rupert Murdoch
and a $34.2 million sale from American Express Co.
chief Kenneth Chenault,
who is 61.
Nolan Archibald, the
69-year-old chairman of Stanley Black & Decker Inc. who plans to leave his
post next month, unloaded $29.7 million in shares last week and Amphenol Corp.
Chairman Martin Hans Loeffler, 68, sold $27.5 million, according to data
compiled by Bloomberg.
Google Chairman Eric Schmidt,
57, announced plans to sell as many as 3.2 million shares in the operator of
the world’s most-popular search engine. The planned share sales, worth about
$2.5 billion, represent about 42 percent of Schmidt’s holdings.
So why are
all of these very prominent executives cashing out all of a sudden?
That is a very good question.
Illegal insider trading refers generally to buying or
selling a security, in breach of a fiduciary duty or other relationship of
trust and confidence, while in possession of material, nonpublic information
about the security. Insider trading violations may also include “tipping” such
information, securities trading by the person “tipped,” and securities trading
by those who misappropriate such information.
Examples of insider trading
cases that have been brought by the SEC are cases against:
- Corporate
officers, directors, and employees who traded the corporation’s securities
after learning of significant, confidential corporate developments;
- Friends,
business associates, family members, and other “tippees” of such officers,
directors, and employees, who traded the securities after receiving such
information;
- Employees
of law, banking, brokerage and printing firms who were given such
information to provide services to the corporation whose securities they
traded;
- Government
employees who learned of such information because of their employment by
the government; and
- Other
persons who misappropriated, and took advantage of, confidential
information from their employers.
Meanwhile, some of the most
respected names on Wall Street are warning that it is time to get out of the
market.
For example, investor Dennis Gartman recently
wrote that the game is “changing” and that it is time to “rush to the
sidelines”…
“When tectonic
plates in the earth’s crust shift earthquakes happen and when the tectonic
plants shift beneath our feet in the capital markets margin calls take place.
The tectonic plates have shifted and attention… very careful and very
substantive attention… must be paid."
“Simply put,
the game has changed and where we were playing a ‘game’ fueled by the monetary
authorities and fueled by the urge on the part of participants to see and
believe in rising ‘animal spirits’ as Lord Keynes referred to them we played
bullishly of equities and of the EUR and of ‘risk assets’. Now, with the game
changing, our tools have to change and so too our perspective."
“Where we were
buyers of equities previously we must disdain them henceforth. Where we were
sellers of Yen and US dollars we must buy them now. Where we had been long of
gold in Yen terms, we must shift that and turn bullish of gold in EUR terms.
Where we might have been ‘technically’ bullish of the EUR we must now be
technically and fundamentally bearish of it. The game board has been flipped
over; the game has changed… change with it or perish. We cannot be more blunt
than that.”
Song
Chenguang, death with a two-year reprieve
That is a very ominous warning, but he is far from
alone. Just the other day, I
wrote about how legendary investor Seth Klarman is warning that the collapse of
the financial markets could happen at literally any time…
“Investing
today may well be harder than it has been at any time in our three decades of
existence,”
writes Seth Klarman in his year-end letter. The Fed’s “relentless interventions and manipulations” have
left few purchase targets for Baupost, he laments. “(The)
underpinnings of our economy and financial system are so precarious that the
un-abating risks of collapse dwarf all other factors.”
Other big hitters on Wall Street are ringing the alarm bells
as well. For example, Seabreeze Partners portfolio manager Doug
Kass recently told CNBC that
what he is seeing right now reminds him of the period just before the crash of
1987…
“I’m getting the ‘summer of
1987 feeling’ in the U.S. equity market,” Kass told CNBC, “which means we’re
headed for a sharp fall.”
And of course the “perma-bears”
continue to warn that the months ahead are going to be very difficult.
For instance, “Dr. Doom” Marc Faber recently said that he “loves the high
odds of a ‘big-time’ market crash“.
Another “perma-bear”, Nomura’s
Bob Janjuah, is convinced that the stock market will experience one more huge
spike before collapsing by up to 50%…
I continue to believe that the
S&P500 can trade up towards the 1575/1550 area, where we have, so far, a
grand double top.
I would not be surprised to see
the S&P trade marginally through the 2007 all-time nominal high (the real
high was of course seen over a decade ago – so much for equities as a long-term
vehicle for wealth creation!).
A weekly close at a new
all-time high would I think lead to the final parabolic spike up which creates
the kind of positioning extreme and leverage extreme needed to create the
conditions for a 25% to 50% collapse in equities over the rest of 2014, driven
by real economy reality hitting home, and by policymaker failure/loss of faith
in “their system”.
So are
they right?
We will
see.
At the same time that
many of the big dogs are pulling their money out of the market, many smaller
investors are rushing to put their money back in to the market. The
mainstream media continues to assure them that everything is wonderful and that
this rally can last forever.
But
it is important to keep in mind that the last time that Wall Street was this “euphoric”
was right before the market crash in 2008.
So what should we be watching for?
As I have mentioned before, it
is very important to watch the
financial markets in Europe right
now.
If they crash, the financial
markets in the U.S. will probably crash too.
And the financial markets in
Europe definitely have had a rough week. Just check out what happened on
Thursday. The following is from a report by CNBC’s Bob Pisani…
Italy, Germany, France, Spain,
U.K., Greece, and Portugal all on track to log worst day since Feb. 4. European
PMI numbers were disappointing, with all major countries except Germany
reporting numbers below 50, indicating contraction.
What does this mean? It means
Europe remains mired in recession: “The euro
zone is on course to contract for a fourth consecutive quarter,”
Markit, who provides the PMI data, said. A new insight is that France is now
joining the weakness shown in periphery countries.
You’re giving me agita: Italy
was the worst market, down 2.5 percent. The CEO of banking company, Intesa
Sanpaolo, said Italy’s recession has been so bad it could cause a fifth of
Italian companies to fail, noting that topline for those bottom fifth have been
shrinking 35 to 45 percent. Italian elections are this weekend.
It wasn’t any better in Asia.
The Shanghai Index had its worst day in over a year, closing down nearly three
percent.
And the economic numbers coming
out of the U.S. also continue to be quite depressing.
On Thursday, the Department of Labor announced
that there were 362,000 initial claims for unemployment benefits during the
week ending February 16th. That was a sharp rise from a week earlier.
But I am not really concerned
about that number yet.
When it rises above 400,000 and
it stays there, then it will be time to officially become alarmed.
So what is the bottom line?
There are trouble signs on the
horizon for the financial markets. Nobody should panic right now, but
things certainly do not look very promising for the remainder of the year.
Black Listed
News
SILVER
Iran to
Execute 4 Bankers on Fraud Charges
February 22, 2013
Iran’s judiciary system recently worked through the biggest
banking fraud case in the nation’s history.
According to The New
York Times, the outcome of the case was made official on Monday. Results
were dramatic to say the least.
Judiciary spokesman
Gholam-Hossein Mohseni-Ejei to
ld reporters that four people
had been officially sentenced to death on charges of corruption and “disrupting
the country’s economic system.”
The guilty party was
responsible for mishandling $2.6 billion of funds – using forged documents in
order to receive credit from banks, permitting them to purchase state-owned
companies.
From PressTV:
According to the indictment,
the owners of Aria Investment Development Company, which is at the center of
the controversy, had bribed bank managers to get loans and letters of credit.
The company has more than 35 offshoots which are active in diverse business
activities.
…
“The four are Mahafarid
Amir-Khosravi…[the prime suspect], Behdad Behzadi, his legal advisor, Iraj
Shoja, his financial solicitor and Saeed Kiani Rezazadeh, head of the Ahvaz
branch of Saderat Bank,” he [Gholam-Hossein Mohseni-Ejei] said.
Additionally, the president of
the Bank Melli branch in Kish was condemned to life in prison. The former
deputy minister Khodamorad Ahmadi has been ordered to spend a decade in prison
as well, according to Iran’s attorney general, Mohseni-Ejei.
Several others involved in this
infamous scandal have also been slapped with heavy fines and many have also
been prohibited from holding public office.
Economist Nouriel Roubini added
his two cents on the subject, reporting to Bloomberg:
“Bankers are
greedy; they’ve been greedy for the last hundreds of years…t’s not a question
if they are more immoral today then they were a thousand years ago, you have to
make sure they behave in ways in which you minimize those risks.”
This message surely hits a
little too close to home for central bankers across the globe who have been
engaged with fraud and corruption in the past or present.
Constituents and political
leaders spend a big chunk of time debating over how to deal with our crumbling
economy.
Ending system abuse from
insiders and the Fed alike would undoubtedly have a positive ripple effect, but
how is that goal going to be achieved? Thus far, not a single chief central
banker has been arrested in light of the financial crisis.
This is completely asinine.
They keep making more money,
while we struggle to thrive in the middle class. The brutal truth is that banks
prosper when people are on welfare. They’re invested in keeping you down and
could care less about your American Dream.
Perhaps Iran is on to something
by enforcing real consequences when insiders mess with the country’s entire
economic system. The death sentence decision is obviously harsh (Iran’s justice
system is pretty harsh
in general). Alas, what’s decided cannot be
undone. They said they are trying to set an example.
Elite criminals shouldn’t be
treated differently than any other criminal; they should be prosecuted, not
protected.
Black Listed
News
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