Al Hodges: "COTTRELL FINANCIAL REFORM PROPOSALS", part 2

Continuing from the e-mail from attorney Al Hodges:

=====

Wall Street investment banks finally stopped securitising AFBS sub-prime loans when one investment bank received a letter dated 15th May 2003, addressed to the Federal Bureau of Investigation (FBI) and the SEC asking: ‘Who is protecting these (AFBS) investors?’

Notwithstanding this state of affairs, the Securities and Exchange Commission did not launch an investigation into the behaviour of ABFS until 2004, when ABFS asked for SEC approval to enable it to make another public offering (26). In this, as in so many other instances, the US Securities and Exchange Commission simply failed to enforce its own regulations.

We have summarised these regulations in our reports since 2006, in case this fact had escaped the SEC’s notice. It hasn’t escaped the notice of the financial community generally, so we are entitled to ask why the Securities and Exchange Commission appears to have been an exception.

The SEC regulations of specific relevance to these issues that NEED TO BE ENFORCED include the following [see also the usual Annex at the end of this report].

These details have been published here for at least 18++ months, so as to emphasis the chronic necessity of substituting the Rule of Law for the Law of the Jungle:

•NASD Rule 3120, et al.
•NASD Rule 2330, et al
•NASD Conduct Rules 2110 and 3040
•NASD Conduct Rules 2110 and IM-2110-1
•NASD Conduct Rules 2110 and SEC Rule 15c3-1
•NASD Conduct Rules 2110 and 3110
•SEC Rules 17a-3 and 17a-4
•NASD Conduct Rules 2110 and Procedural Rule 8210
•NASD Conduct Rules 2110 and 2330 and IM-2330
•NASD Conduct Rules 2110 and IM-2110-5
•NASD Systems and Programme Rules 6950 through 6957

(2) Federal Trade Commission: This Government structure has authority to investigate fraudulent transactions in all markets. 

Al Hodges: "COTTRELL FINANCIAL REFORM PROPOSALS", part 3

Concluding, from the e-mail from attorney Al Hodges:

=====

High-yield investment programs were/are able to collect large amounts of money for the criminalist operators because initial payoffs to first and second round participants (financed from the stolen money in the case of the giga-scams presided over inter alia by the aforementioned master crooks) gave the scams momentum by spreading news of the sizeable initial payments by word of mouth – a situation that prevails as long as new participants can be found and/or old participants are foolish enough to leave their money in the schemes in the hope of gaining high rolled-up interest on their initial investments. Participants are usually attracted by some form of an appeal to emotion or faith that the program will help them to achieve rapid financial freedom. High-Yield Investment Programs may also mirror pyramid-selling schemes by offering current investors incentive commissions, for instance, 9% of investment by the participant on top of promised accruals, to recruit new investors.

Notorious documented High-Yield Investment Programs include: 

CISCO is willing to ship its routers to vacant addresses for client pickup to evade NSA chop-shop interception

I'm not sure why the spokesman would say this publicly. If I were a paranoid cynical conspiracy theorist, I might conclude it is to to give the "sensitive" customers a false sense of security, and that Cisco could be instead installing the NSA kit right in the factory. But that's just me being tin foil hat bat guano crazy...right?

~~~~~~~~~~~~~~~~~~~~~
Cisco posts kit to empty houses to dodge NSA chop shops
Kit sent to SmallCo of Nowheresville to avoid NSA interception profiles
18 Mar 2015 - Darren Pauli

Cisco will ship boxes to vacant addresses in a bid to foil the NSA, security chief John Stewart says.

The dead drop shipments help to foil a Snowden-revealed operation whereby the NSA would intercept networking kit and install backdoors before boxen reached customers.

The interception campaign was revealed last May.

Speaking at a Cisco Live press panel in Melbourne today, Stewart says the Borg will ship to fake identities for its most sensitive customers, in the hope that the NSA's interceptions are targeted.

"We ship [boxes] to an address that's has nothing to do with the customer, and then you have no idea who ultimately it is going to," Stewart says.

"When customers are truly worried ... it causes other issues to make [interception] more difficult in that [agencies] don't quite know where that router is going so its very hard to target - you'd have to target all of them.

There is always going to be inherent risk."

Stewart says some customers drive up to a distributor and pick up hardware at the door.

~~~~~ CONTINUE AT: ~~~~~

http://www.theregister.co.uk/2015/03/18/want_to_dodge_nsa_supply_chain_taps_ask_cisco_for_a_dead_drop/

Sorry, But You Are Insane

There is no way to make this pretty.

WE have watched your antics for far too long, and your time of creating chaos, mayhem and destruction will now be put asunder.

In your self-serving rebellion, which led to your well deserved Fall from Grace of Source, only a benevolent act of pity allowed your continued permission to exist .

With a Word, you could have been destroyed in the Beginning.

That time is now.

Your time has ended, and your final moment is neigh.

Not only will you NOT be allowed anywhere near a position of power or authority over Human Beings, but you will now be removed from planet Earth, before you can spread any more of your chosen vileness or more of your dis-ease.

Unlike the lesson WE issued to Nebuchadnezzar, grubbing for worms as a lowly animal of the wild will not be sufficient reward for the choices you have made, nor will WE mercifully command your vile presence into the swine of the field and into the sea.

Rest assured your present condition is one you have well earned.

Your reward will be in kind. You shall now be removed.

It is WE who gave Human Beings the Breath of Life, with an Infinite Spirit that is directly connected to Source.

More:

http://wp.me/p5GMtX-ee

IRS Forces U.S. Citizens To Pay A Percentage Of Their Taxes To The Queen Of England.

Americans pay a percentage of their taxes to the Queen of England via the IRS. The IRS is not an agency of the Federal Government.

It is an agency of the International Monetary Fund which is an agency of the United Nations. No law has ever been passed legalizing the charging of income tax. The 1040 tax form is the payment of a foreign tax to the King/Queen of England.

American citizens have been in financial servitude to the British Monarch since the Treaty of 1783 and the War of Dependence.

All tax payers have an Individual Master File and are held liable for a tax via a treaty between the U.S. and the U.K. and payable to the U.K. Prior to 1991, the Business Master File in 6209 was U.S.-U.K.

Tax Claims, non-refile DLN. That means that everyone is considered a business and involved in commerce.

SNIP

The 16th Amendment Purporting To Authorize Federal Taxation Of US Individuals Was Never Ratified By The States.

The first Federal income tax in the United States occurred during the civil war, through the passage of The Revenue Act of 1861: three percent for those making between $600 and $10,000, and five percent for those making over $10,000. This income tax was repealed ten years later.

The U.S. Supreme Court, however, ruled that the Federal income tax violated the U.S. Constitution because it was a direct tax on individuals and not apportioned between the States, required by the Constitution. The Constitution protects individuals against the abuse of Federal government power by stripping from the FEDs the power to tax individuals, knowing the power to tax is the power to destroy.

So the Federal power-seekers sought to overrule our forefathers and to empower the Federal Government, (that is, our US Federal Corporation, hereinafter, “The FEDS”) with the power to tax individuals through the 16th Amendment.

The ratification of the 16th Amendment is dubious. In 1913, the same year British agents steered through Congress the FED fraud on the night before Christmas Eve, the 16th Amendment was hatched. But the founders made changing the Constitution difficult, to say the least. One of two ways to alter our founding document requires any proposed Constitutional Amendment be ratified by three-fourths of the States. READ MORE

NaturalNews: "The Vaccine World Summit reveals the truth about vaccines and infectious diseases"

From the Natural News e-mail newsletter:

=====

The Vaccine World Summit reveals the truth about vaccines and infectious diseases

(NaturalNews) The Vaccine World Summit has just been launched and the response has been incredible. The pharmaceutical industry does NOT want you to get this information. But, the general public has had enough, and thousands of people (worldwide...

http://www.naturalnews.com/049039_vaccines_world_summit_infectious_disease.html

US will ‘have to negotiate’ with Syria’s Assad – Kerry

Washington will have to negotiate with Syrian President Bashar Assad about a political transition in war-torn country, US Secretary of State John Kerry told CBS News on Sunday.



“We have to negotiate in the end. We’ve always been willing to negotiate in the context of the Geneva-1 process,” Kerry said, referring to the June 30, 2012 peace conference on Syria.
Kerry added that the US and some other countries were trying to restart talks on the resolution of the conflict in Syria, which has now entered its fifth year.
“What we’re pushing for is to get [Assad] to come and do that, and it may require that there be increased pressure on him of various kinds in order to do that,” Kerry said. “We’ve made it very clear to people that we are looking at increased steps that can help bring about that pressure.”

Read more​

‘Military pressure’ may be needed to oust Syrian President – John Kerry

Some Western states, particularly the US, have insisted that Assad should step down. Kerry even said on March 5 that “military pressure” may be needed to oust the Syrian president. Kerry’s statement on Sunday, given in an interview to US media, hints that Washington may be softening its stance towards the Syrian government.
Kerry was speaking on the fourth anniversary of the start of the civil war in Syria, which started as peaceful protests against the Assad government, but descended into violence claiming more than 210,000 lives. The US has been supporting the Syrian rebels, who insist that the Syrian president should be ousted. In January, Russia and the US organized the Geneva-2 peace talks between Assad’s government and the Syrian opposition. However, after two rounds of negotiations, no agreement was reached. This April, Moscow is set to host a meeting between the two sides of the conflict.
Last September, the US-led coalition started airstrikes in Syria as a part of a joint effort to battle Islamic State militants (formerly known as ISIS, or ISIL), who had seized northern Syria and parts of Iraq. Assad has stressed multiple times that strikes are an illegal intervention because they have not been authorized by a UN Security Council resolution and do not respect the sovereignty of Syria.
READ MORE: Reports suggest some Western countries want rapprochement with Syria
Assad told French reporters in December that the airstrikes are “merely cosmetic” and “terrorism cannot be destroyed from the air.” He stressed that the Syrian army has been conducting ground operations as well as airstrikes against terrorists which are larger than that those launched by the alliance.
“We are the ones fighting the battles against ISIS on the ground, and we haven’t felt any change, particularly that Turkey is still extending direct support to ISIS in those regions,” he said.
He also criticized the US policy in the Middle East saying that “ISIS was created in Iraq in 2006. It was the United States which occupied Iraq, not Syria. Abu Bakr al-Baghdadi [IS leader] was in American prisons, not in Syrian prisons. So, who created ISIS, Syria or the United States?”
It would be far easier to address the issue of the Islamic State militants in Syria if the opposition and the government negotiated a ceasefire, UN envoy Staffan de Mistura told RT on March 6.
“So if one wants to address properly the space which Daesh [an Arabic acronym for the Islamic State group] has filled in, one of the clear formulas is to try to address in a peaceful way the political process in Syria. In other words, if Syrian conflict would end tomorrow, it would by far easier to address the issue of Daesh.”
He also said that the Syrian people themselves should decide upon their future and start an internal discussion. He added that the governments, who have “an influence, who have been involved, engaged with the government or with the opposition” should be helping in facilitating the Syrian peace dialogue.
“That is why I think the Moscow meeting has been very useful. And I’m looking forward to seeing Moscow-2 too, because it helps in engaging Syrians – among [them] the Syrian people, the opposition and even the government. They need to find a Syrian solution.”
READ MORE: Moscow hosts fractured Syrian opposition in attempt to break peace-talks deadlock

September 10th 2013 Obummer wanted to invade Syria and go after Assad accusing him of gassing people and the republic denied Obama permission to invade. Now Obummer wants to buddy up with Assad????   What gives???

Coup Plotter List in Post-Netanyahu America?

More than a story?

…by  Gordon Duff, Senior Editor

Audio report classified and will not be identified.  Listen at your own risk

It is not unreasonable to assume that a conspiracy to murder President Obama is currently underway.  Note the weasel words used here, part of the lessons learned after the imprisonment of Michael Shrimpton. 
No sane person would pass on any information to a law enforcement or intelligence agency without full immunity.



That our information involves deep parallels with the threats Shrimpton informed the British government of is no coincidence.  We are of the belief that a series of EMP based weapons have been deployed within the US.
Only weeks ago, we came upon intelligence indicating that a key part of 9/11 involved taking down America’s stock markets and banking system by destroying key junctions in Fort Lee, New Jersey, on the George Washington Bridge and in the Lincoln and Holland Tunnels using massive conventional explosives, some as truck bombs.



Our assumption is that, with what we now know to have been the failure of 9/11, Gore disgraced, Lieberman in the White House, war with Iran, Pakistan and Turkey in the same meltdown we are seeing in Libya, most of Africa and Asia in total collapse, our “friends” are going to try a shortcut.  Blocking them is Kerry, Dempsey and Obama and folks few might believe, like Diane Feinstein.

Intel is pouring in over the last 24 hours.  “Intel” is another term for “unsubstantiated rumor,” we all have to admit that, particularly since the Bush/Blair years of lies and treason.  However, withholding some material is irresponsible though it is impossible to identify an “authority” capable of understanding or dealing with threats against the United States.

With the downfall of the CIA and the ludicrous alphabet soup monstrosities, the US is helpless in the face of a very real conspiracy.  Here is what we know or think or feel or whatever.
The group we have identified includes:

• New Jersey Governor Chris Christie and his interesting group of “friends”
  • The Bush Cartel/Jeb Bush and the Colombia Cartel
  • The Romney/Salinas Cartel
  • The Dallas Mafia and Hunt Family (s)
  • The Fox/Murdoch media group
  • The New York Times
  • GE Capital
  • Bechtel
  • The Jamestown Foundation
  • PJ Media
  • General Breedlove
  • Benjamin Netanyahu
  • Lieberman/McCain/Graham
  • Scott Walker
  • Supreme Court Justices
  • the United States Secret Service
  • and a list of energy, transportation and insurance corporation executives

We have a high probability that a coup is afoot in the United States and have strong reason to believe that one was attempted in Russia. When the Russian coup was stopped, good guess who planned to take over is now “out of the picture,” our NATO friends saw the writing on the wall.
Israeli intelligence is totally aware of all of this and, on this odd occasion, on the right side of the fence.  We wish we could say that of others in Israel.
We have confirmation from Russia that they are moving against NATO and the US, economically at least, with huge inroads with China and other regional powers in the last 72 hours.

America, or what the America’s criminal cabals represent, is going to be frozen out of Asia for generations.  Just because Fox News and InfoWars won’t report it doesn’t mean it isn’t true and, frankly, the best possible thing for the American people.

If anything happens to President Obama, look to this list as those responsible, or so we are told.
Do we believe it? link

NEO – The World if Gore had won

Posted by Gordon Duff, Senior Editor on March 18, 2015

 

-  First published  …  March 16, 2015  -

Mensas come in an amazing variety

[ Editor’s Note: If you have to read this twice to absorb everything that is in here, do not be embarrassed, as most of us had to. We are fortunate to have a few mensas at VT — Lee Wanta and Mike Harris, along with Gordon.

His photographic memory and a huge number of hours of post grad courses at MSU at his fingertips with total recall enables him to write a piece like his “free form”, with no stopping to look anything up.

It is also what makes him a world famous briefer… especially with his legendary “How the world really works” entre which will be remembered forever. By a good stroke of luck, I found myself standing right beside him in Damascus as he gave a version of this at the Counter Terrorism conference in December, and you could have heard a pin drop.

Even the translator knew it was an historical moment, as no one there had ever heard anything like it. And yes, it opened some doors, and some minds, too… which we continue to work on with more bridge building.

Creating trust is a step by step process, not unlike working your way through a minefield knowing that one mistake can erase all the good work up to that point. So enjoy some reflective moments with Gordon below. You won’t get anything like this anywhere else… Jim W. Dean ]

______________________

In 1990, a plan to take down America was hatched in a Jerusalem bar. American counter-intelligence, Hanke, Higgins and others, had been following the progress of the group.
Two nations were in their sights — the US and the Soviet Union.
The group planned on starting a nuclear war, one they would be able to control the outcome of, with the US being the loser. This plot failed but it wouldn’t be their last.

_______________________________

Lieberman, the Chosen Person

Classified investigation notes tied to the Abel Danger investigation of nuclear weapons theft, Israeli espionage and, eventually, the 9/11 attack open a new look at this time period, 1990 – 2015.
Though it is popularly assumed that 9/11 was planned by Bush and Cheney, investigative notes reveal that Al Gore was the intended winner of the 2000 election. Gore was intended to win, but not to serve as president.

Lieberman and Gore

His nominated vice presidential candidate, Senator Joe Lieberman, was, according to investigators, to assume the presidency after the long-planned 9/11 attack.
There are two versions of this scenario — one that cites Gore as a “scapegoat” that would be forced to resign — another where “President Gore” would be assassinated by Iranian agents on 9/11.
The event itself was to include not only the controlled demolition of the World Trade Center, making billions for its owners in insurance claims, but to crash the US banking system, along with the bond and equity markets as well — opening an opportunity for not just massive profit-taking, but virtual control of the US when trading was restored.

Explosive laden vans driven by contracted Egyptian, Saudi and Israeli operatives, long affiliated with the CIA, were to destroy fiber optic pathways on the George Washington Bridge, Lincoln and Holland Tunnels — an action estimated to keep America’s markets, including the Federal Reserve and SWIFT system, offline for up to 3 months.

Additionally, the secret NSA/FBI intercept site at Fort Lee, adjacent to the George Washington Bridge, would be taken offline. All American counter-intelligence functions would, at that moment, simply cease.
The end result would be astoundingly worse than the Bush – Cheney disaster, which in itself was 8 years of financial looting, illegal war and police state oppression. This is what was envisioned:

• Lieberman would assume the presidency either on 9/11 itself upon the death of President Gore or soon thereafter based on a carefully orchestrated campaign to force Gore’s resignation;
• Iran was to be blamed for 9/11 and an immediate war would commence;
• Senator John McCain would be nominated as the new Vice President;
• The crash of the financial markets would disrupt electric utilities, transportation including food processing and distribution and gasoline supplies, disrupting many governmental functions as well;
• The Department of Homeland Security would be created with immediate powers of martial law in order to deal with riots caused by a freezing and starving population, a population ready to go to war with “no questions asked”.

____________________________________

Fink’s Bar

Gold-medal hypocrisy translates with apparent ease into a conspiracy of monsters

Much of the following scenario was outlined initially in 1990 in a discussion at Fink’s Bar in Jerusalem. At the head of the table was Netanyahu. The group at the table had just stolen 5 American KG 84 cryptographic devices with the help of Canadians serving with the UNTSO on the Golan Heights, giving this Israeli-led cabal real-time access to all US State Department, Naval and NATO communications.  This is a transcribed quote taken from an audio recording of Netanyahu at that meeting:

“If we get caught they will just replace us with persons of the same cloth. So it does not matter what you do, America is a golden calf and we will suck it dry, chop it up, and sell it off piece by piece until there is nothing left but the world’s biggest welfare state that we will create and control. Why? Because it is the will of God and America is big enough to take the hit so we can do it again and again and again. This is what we do to countries that we hate. We destroy them very slowly and make them suffer for refusing to be our slaves.”(confirmed by an “attendee”during a debriefing)

President Bush (41) learned of the penetration during the First Gulf War, taking note that America was left defenseless in case of a nuclear attack. The US pulled out of Iraq earlier than planned, leaving Saddam in place.
Were Saddam removed and the US to have occupied Iraq, this was to have been the foundation for orchestrating the political confrontation that was to escalate, with careful guidance in both Washington and Moscow, into a nuclear war.

This vulnerability, combined with the spying of Hansen, Pollard, both working for Israel, and others protected more successfully by the AIPAC lobby, made 9/11 possible, by making sure America’s enemies had daily access to decryption keys.

In 2001, one of the espionage suspects would assume a cabinet post, one would become the president’s chief counter-terrorism advisor and the other special envoy to Afghanistan. Their close cohorts continue to this day to control the New York field office of the FBI. Others continue to control the NSA and Homeland Security. We call them “the usual suspects.”

____________________________________

It Begins

Washington vs. Gaza

Many maintain a view of history where the stolen election of 2000 and the mysterious and controversial incidents of 9/11/2001 changed history.
Two illegal wars, suspension of civil rights, torture and secret prisons, along with new and equally illegal Kafkaesque bureaucracies are all cited as things that would never have happened had Gore been allowed to take office when elected.
Keeping Americans safe has involved tapping phones, peeking in windows and militarizing police forces to fight a citizens’ insurgency.
Even dissent has been corporatized with anti-government spokesmen, such as Alex Jones and others, finding current levels of tyranny woefully inadequate and inefficient — seeking the “Gazan model” under Israeli occupation as a template for America.

____________________________________

Suppressed “Almost History”

However, recently discovered intelligence files covering the era tell a very different story. We will examine what we have learned and, just perhaps, take a look at a world we were never allowed to see.
During our research, we have met several who are silenced by court order, some by threat and others we would question, like John Wheeler III, Roland Carnaby and John O’Neill, conveniently dead.
The 2000 and 2004 presidential elections were more than controversial. In each case, exit polling, known to be accurate to well within 1%, showed nearly landslide victories for both Gore and, in 2004, John Kerry. In 2000, on election day, Bush was 12 points behind in the polls.
Conspiracy theorists had long assumed that the Bush presidency was the result of a deal struck between Rothschild bankers, Likudists in Israel seeking a Middle East war and Wall Street “pump and dump” investment fraudsters. To a large extent, history has proven them right, particularly considering revelations, not accepted by all, that 9/11 was most certainly an “inside job.”

Supreme Court of the US in 2000

Sources at the highest levels of both political parties and security services tell a different story. They say the 2000 election was a “fluke”, and that it was never imagined that the American public would have stood still when the Supreme Court suspended the election on a 5/4 vote — decided by careless, corrupt and utterly unqualified Justice Clarence Thomas.
In 2000, the US Supreme Court, in a clearly unconstitutional move, blocked election counts and nominated a president — something purely out of their jurisdiction. In 2004, the election was also rigged with voting machine hacks, voter intimidation, polling stations closed or choked off, computerized voting counts run through CIA-contractor Diebold — all done to protect a burgeoning heroin processing industry being built in Afghanistan.
What was kept from the world through controlled news is that the vast majority of Americans, many of whom never vote, considered these elections a coup d’état and still do to this day.
The 2014 congressional elections were similarly rigged with 37% of voters electing gambling boss Sheldon Adelson’s personal roster of “mob owned” candidates — the gang who invited Netanyahu to the US against administration wishes.

____________________________________

America’s Power Centers

There were two centers of power in America during the last quarter of the 20th century, Chicago and New York. Each was ruled by a criminal group, part of an “octopus,” an international conspiracy that Dr. Preston James has named the Secret Shadow Government or “SSG.”
Both groups have roots in the gangs of the Prohibition Era in the United States, an era lasting from 1919 to 1933, a time when state and local governments, previously controlled by rail and banking conglomerates, fell under the control of organized crime.

These criminal organizations that spread across the United States began grooming politicians for higher office, eventually taking control of, in many cases, not only the congress, but the White House as well.

The 1948 presidential election was seen as a fight between anti-mob former New York District Attorney Thomas Dewey and the representative of the “Boss Pendergast” mob in Kansas City, Harry Truman.

The Kennedy family, powerful in its own right, was partnered with the Bronfman’s of Canada and the Bush family were lifelong partners of the Meyer Lansky “Murder Incorporated” mob.
Prescott Bush Sr. and George Herbert Walker channeled Rothschild cash into Hitler through Brown Brothers Harriman, a Wall Street Bank while his namesake, Prescott Bush Jr. partnered with Israeli Victor Bout and Saudi Adnan Khashoggi to sell nuclear weapons to Saudi Arabia, Brazil, North Korea and Taiwan decades later.

Beirut, Lebanon 1983 — Vice President George Bush surveys the damage. The marine barracks, we have since found out, were nuked.

The Bush/Bout cartel maintains a stockpile of nuclear weapons for “shadow government” use as seen during the Beirut Marine Barracks, Oklahoma City, the Khobar Towers, 9/11 and Bali attacks. There have been nearly 50 acts of nuclear terrorism since 1945 according to IAEA (International Atomic Energy Agency) sources.

____________________________________

Did Bush Shoot Kennedy?

Lansdale waiting for Bush – Dealey Plaza – 11/22/63

President George H.W. Bush, identified as a CIA non-official cover agent by then FBI-director J. Edgar Hoover, supposedly running “Zapata Oil,” whose service boats took part in the Bay of Pigs invasion — was arrested at Dealey Plaza in Dallas, Texas on November 22, 1963 — as a suspect, a possible shooter, in the Kennedy assassination.
Bush was released and the arrest expunged, but arresting officer R.E. Vaughn recounted the story several times.
One of the first acts of the Clinton administration was to declassify documents proving Bush was in Dallas on the day of the killing — something George H.W. Bush denied repeatedly.

A key part of the gold market will see a major shift Friday

A key part of the gold market

will see a major shift Friday

Mar 18, 2015

New gold price medium may lift China’s ‘secretive veil’

By

MYRAP. SAEFONG

MARKETS/COMMODITIES REPORTER

SAN FRANCISCO (MarketWatch) — On Friday, for the first time in close to a century, the gold market price fix is about to change. It is a move that could potentially provide a better view of China’s insatiable demand for the precious metal.

The London Bullion Market Association said the LBMA Gold Price will launch on Friday, with the ICE Benchmark Administration operating the auction process. That will replace the so-called London Gold Fix, a widely-used pricing medium that has been around since 1919 and is administered by London Gold Market Fixing Ltd. twice daily.

“The changes taking place with the new gold fix could be a game changer for gold trading as we know it,” said Kevin Kerr, president of Kerr Trading International.

Here’s why:

The London Gold Fix, which will be discontinued after Thursday, is determined by just four participants. The nearly 100-year-old, medium has also been the target of decades of manipulation allegations.

But the LBMA has said the electronic auction process for setting the gold price is designed to be transparent and to allow as many participants as possible.

“The new method for fixing the gold price daily will be more reflective of that day’s collective price of gold on the world market,” said Jim Wyckoff, senior analyst at Kitco.com, adding that he believes the previous London fix “was not greatly askew on that determination.”

China is expected to participate directly in setting the new price fix, which, in theory, would make inflows and outflows out of the world’s second largest economy, and one of the largest gold buyers, more apparent.

“This opens up the playing field for gold trading, and adds an entirely new spectrum of possibilities and participants, mainly the Chinese, on the world stage,” Kerr said. “It may lift the very secretive veil” of China’s gold consumption Kerr noted.

For it is part, LBMA said it won’t reveal the participants for the new pricing medium until the day of the launch.

But if the Chinese banks are directly involved in the fixing of the gold price, “they can arbitrage price differences between Shanghai and London [and smooth] out the market … making it an international, 24-hour market,” said Julian Phillips, founder of and contributor to

GoldForecaster.com.

The new fix isn’t expected to affect gold prices GCJ5, +0.29%  in the near term.

Source:  http://www.marketwatch.com/story/a-key-part-of-the-gold-market-will-see-a-major-shift-friday-2015-03-17

BERNIE SANDERS

Fwd: THE MOST AMAZING AIRPLANE IN HISTORY................

The most amazing airplane in History

For the Airplane Buffs.

 Built in Russia during the 1930's, it flew 11 times before crashing and killing 15 people.

The designer, Konstantin Kalinin, wanted to build two more planes but the project was scrapped.

Later, Stalin had Kalinin executed. Evidently, it was not good to fail on an expensive project under Stalin.

It's got propellers on the back of the wings, too. You can count 12 engines facing front. The size would be equivalent to the Empire State Building on its side, with cannons. And you think the 747 was big ... not only a bunch of engines, but check out the cannons the thing was carrying.

In the 1930's, the Russian army was obsessed by the idea of creating huge planes. At that time they were proposed to have as many propellers as possible to help carrying those huge flying fortresses into the air -  jet propulsion has not been implemented yet. Not many photos were saved from those times because of the high secrecy levels of such projects and because a lot of time has already passed.

Can you imagine what it would be like sitting in this thing when those cannons go off?

Looks like something out of a Jules Verne novel.