Tuesday, August 14, 2012

Take This as an Advisement by Drake

Take This as an Advisement

by Drake

From: Neil Keenan
To:  Drake Bailey
Tuesday, August 14, 2012 12:58 PM
Subject:  An Informational Warning Letter Arrived Today. This article may be helpful

Read all below
Subject: An Informational Warning Letter Arrived Today. This article may be
helpful but I do not yet know of Ms Barnhardt's reliability. Take it as an
"advisement" for now perhaps.
Warning: Get Your Money Out: "All Legal Bank Deposit Protections Are
Now Officially Gone"
August 13, 2012
Former moneyxAnn Barnhardt, who in November of 2011 made the decision
to cease operations of her brokerage firm and return funds to her
customers citing "systemic" problems within the entire financial
industry, has issued a new warning about the stability of US banks and
the safety of individual deposit accounts.
The warning, stemming from a recent federal appeals court ruling
surrounding customer funds lost during the 2007 collapse of Chicago
futures broker Sentinel, indicates that individuals who lose deposited
funds because a financial institution improperly manages that money,
even if those funds are supposed to be "segregated" from other
operations of the firm, are essentially left with no recourse if the
firm goes belly-up. According to the court, a misallocation of those
customer funds, "is not, on its own, sufficient to rule as a matter of
law that Sentinel acted 'with actual intent to hinder, delay, or
defraud' its customers."
The implications of the ruling, according to Barnhardt, will affect
the monies of all private individuals who have seen their deposit
accounts wiped out in the collapse of firms like John Corzine's MF
Global and put all deposit account holders in the country at risk
should their bank be faced with a financial windstorm:
The NFA in collusion with the banksters, government and judiciary have
achieved their goal. The entire concept of "customer segregated funds"
is officially, completely, legally dead.
Guys, it is OVER. I know that many of you are still cowering in
normalcy bias, unable to deal with reality, unable to face the world
as it is, but you have GOT to snap out of it. The marketplace is
DESTROYED. You CANNOT be in these markets. All legal protections are
now officially gone.
.
The federal appeals court ruled yesterday that not only does BNYM stay
at the front of the line, but that using customer segregated funds as
collateral is NOT a crime, and that co-mingling customer segregated
funds with proprietary funds is NOT fraud.
.
What this means is that even if Jon Corzine is somehow dragged into
court by private citizens, because you know damn good and well that
the Justice Department will never, ever touch him, Corzine now has a
legal precedent, likely from a bribed or otherwise coerced Federal
Appeals Court, explicitly stating that an FCM can use customer
deposits to pay its debts, and that the customers themselves are
subjugated and have basically no legal right to their own monies, no
matter what the law says, or what legal assurances, claims or
guarantees are made to that customer about their funds held with an
FCM or any other brokerage or depository institution. The "secured"
party at the front of the line will always be the mega-bank who made
the fraudulent loan using the stolen customer funds as collateral.
In other words, all customer funds in the United States are now the
legal property of JP Morgan, Goldman Sachs, BNYM, or whichever
megabank is the counterparty on the loans the FCM or depository
institution takes out in order to fund its mega-levered proprietary
in-house trading desks.
Source: Ann Barnhardt via Steve Quayle
The ruling is specifically designed to protect large financial
institutions that have (purposefully) mismanaged customer funds and
used the hard-earned life savings of Americans to gamble on equities,
commodities and bond markets. If those firms happen to make the wrong
bet, as MF Global, Sentinel and a handful of others have recently
done, depositors who have placed funds with the banks under the belief
that their bank account is securely protected from trading liabilities
are now completely exposed and liable for the incompetence and
negligence of those who engage in market trading.
This latest ruling combined with recent actions by the Federal Reserve
and other government regulators suggests a massive fraud has taken
place and the financial system itself is under extreme strain with the
potential to make the financial collapse of 2007/2008 look like just a
training exercise.
In recent days, for example, it's come to light that the government
has secretly called on the country's five major banks to prepare
themselves for collapse by creating stress recovery plans to be used
in the event of worst case scenarios.
A few weeks ago, the Federal Reserve also implemented a new policy for
money market funds held by financial institutions. Per the new policy,
money market funds, which account for some $2.7 trillion in deposits
across the United States, can be frozen in the event of an emergency
or financial panic. This means that if and when the system does go
into a tailspin, at exactly the time people will want to pull their
money out of their bank account, they will be restricted from doing
so.
These latest actions by government regulators, judges and financial
institutions point to one thing: that we have an unprecedented
financial collapse in the making. If such a financial crisis comes to
pass it is clear that the policies and procedures now in place will
transfer the legally owned deposits and money market savings of
individual Americans into the hands of the banks at which those funds
are kept.
Get Your Money Out.
Consider alternate, collapse-centric investment strategies and what is
money when the system as we know it falls apart.
Drake | August 14, 2012 at 11:39 am | Categories: News | URL: http://wp.me/p2tRr3-kg

Another Obama Scrubbing


Scrubbed: Photo of President Obama Removed Just Days After Book Exposes Agenda to Eliminate Suburbs

Obama meets in the White House with BuildingOneAmerica president Mike Kruglik in 2011.
According to a source, Obama and Kruglik were working to hide the federal money
trail soon to be opened to Building One America.


A photo of President Obama was suddenly pulled from the website of the group Building One America, whose goals were documented extensively in Stanley Kurtz’s book Spreading the Wealth: How Obama is Robbing the Suburbs to Pay for the Cities.
The book, which was released ten days ago, reveals what Kurtz refers to as Obama’s plan to undercut the political and economic independence of America's suburbs.
Kurtz connects current Obama administration policy with his personal history, and with groups like Building One America in particular. 
This website shows a cached view of how the BuildingOneAmerica.org site looked on July 19th, 2012 -- with a photo of President Obama talking to Building One America’s President Mike Kruglik, which was taken during a 2011 meeting held at the White House. Kruglik’s official biography on the Building One America site describes him thusly: 
He has been developing grass-roots citizens’ power organizations since 1973 with the Industrial Areas Foundation, the Gamaliel Foundation* and Building One America. 
______________________________________________________________________________________________________
*Note: Gamaliel Foundation is a George Soros funded organization, along with the Communist-affiliated Health Care for America Now (HCAN) which has connections to Gamaliel**.  Barack Obama was intimately involved with the Gamaliel Foundation in Chicago, and the radical leftists who were behind it:
Obama Meets Alinsky
Obama first learned Alinsky's rules in the 1980s, when Alinskyite radicals with the Chicago-based Alinsky group Gamaliel Foundation recruited, hired, trained and paid him as a community organizer in South Side Chicago.

They also helped him get into Harvard Law School to "learn power's currency in all its intricacy and detail," as Obama put it in his memoir. A Gamaliel board member even wrote a letter of recommendation for him.

Obama took a break from his Harvard studies to travel to Los Angeles for eight days of intense training at Alinsky's Industrial Areas Foundation, a station of the cross for acolytes. In turn, he trained other community organizers in Alinsky agitation tactics. In 1988, he even wrote a chapter for the book "After Alinsky: Community Organizing in Illinois," in which he lamented organizers' "lack of power" in implementing change…
And at this time we were just creating the Gamaliel Foundation. I met with Barack on a regular basis as he incorporated the Developing Communities Project, as he moved the organization into action and as he developed the leadership structure for the organization. He would write beautiful and brilliant weekly reports about his work and the people he was engaging.

When Barack decided to go to Harvard Law School, he approached John McKnight, a professor at Northwestern and a Gamaliel Board member for a letter of recommendation. When Barack was leaving he made sure that Gamaliel was the formal consultant to the organization that he had created and to the staff that he had hired.

Barack has acknowledged publicly that he had been the director of a Gamaliel affiliate. He has supported Gamaliel throughout the years by conducting training both at the National Leadership Training events and at the African American Leadership Commission. He has also attended our public meetings.
__________________________________________________________________________________________________________
And also says: 
From 1984 to 1998, he was co-director of the Calumet Community Religious Conference, the community organization that recruited and hired Barack Obama as a community organizer. Mr. Kruglik’s role as Barack Obama’s mentor has been chronicled in a number of works of history and periodicals.
The photo of Obama and his mentor appears to be completely gone from the BuildingOneAmerica website. The site has gone from having a photo of President Obama -- one of the best known, most instantly recognizable people in the world -- talking with a leader of Building One America to its current state, with dozens of photos of unidentified people either talking or listening. The photo of Pres. Obama and Mr. Kruglik gave the site and organization an instant, visceral credibility as a politically well-connected group. Removing that instant recognition seems like a bizarre choice for the organization to suddenly make. 
According to a note in Kurtz’s book, the photo with Obama and Kruglik was documented as being on the site January 3, 2012. It was likely posted the year before or earlier. Breitbart News obtained the screen grab above only a few days ago.
Further, the photo itself appears to have been completely scrubbed by Building One America -- a Google Image search finds no record of it from anywhere but Breitbart.com and other conservative websites that featured the image. This suggests that the photo was actually removed from the BuildingOneAmerica.org server entirely or made invisible to search engines. 
The text of the story about the July, 2011 meeting does not appear to have changed; only the photo of President Obama and Mike Kruglik is now missing. In the story, the meeting is described:
And if that wasn’t enough, after the forum, Building ONE America’s founding Executive Director Mike Kruglik was summoned (in the midst of intense debt ceiling talks) to the West Wing to meet with President Obama in the Oval Office.  The two community organizers discussed the Building ONE America event and Mike listed for the President all the states and metropolitan areas that were represented.
This is the first time a conversation like this has occurred at the White House. It's a powerful beginning and a very important conversation about issues vital not only for our communities but for the future of our country, our economy and our environment.
Stanley Kurtz released the following statement to Breitbart News:
I’m grateful to Breitbart News for letting me know that the Building One America website has apparently scrubbed the picture of Mike Kruglik meeting with his longtime friend, colleague, and former community organizing apprentice, Barack Obama, in the Oval Office. I expected something like this in the wake of the publication of Spreading the Wealth. Too late. The substance of Obama’s audacious and transformative second-term plans, forged in close cooperation with Kruglik and Building One America, is now public. If anything, this move simply strengthens the case I make in the book that, at the Oval Office meeting in question, Obama and Kruglik were working to hide the federal money trail soon to be opened to Building One America. The most important presidential policy you’ve never heard of is hidden in that picture.
Why would BuildingOneAmerica.org suddenly remove a photo of the President from their site, just days after the release of Kurtz’s Spreading The Wealth?
Breitbart News will contact both Building One America and the White House on Monday to ask them. 

_______________________________________________________________________________

Health Care for America Now!
Margarida Jorge Memo
Description: http://keywiki.org/skins/common/images/magnify-clip.png

Margarida George
In early 2004, the Communist Party USA affiliated HCAN field director Margarida Jorge, sent out a memo to HCAN field partners offering advice on how to deal with "right wing" protestors at Obamacare town hall meetings.
_______________________________________________________________
Health Care for America Now (HCAN) is a national grassroots campaign of more than 1,000 organizations in 46 states representing 30 million people dedicated to winning quality, affordable health care we all can count on in 2010 and beyond.[1]
Our organization and principles are supported by President Obama, Vice President Biden, and more than 190 Members of Congress.
We are building a national movement to win, implement and improve comprehensive health care reform by helping mobilize people in their communities to lobby their U.S. Senators and Representatives in Congress to stand up to the insurance companies and other special interest groups to achieve quality, affordable health care in 2010 and beyond.

According to the HCAN website;[2]
HCAN is working with the Obama administration to ensure health care reform meets the HCAN principles that President Obama has endorsed. For example, many HCAN members participated in the White House Health Care Policy Summit sponsored by President Obama in Washington, DC, and our field partners attended the regional health care forums nationwide.




The Great surrendering


this is a video

The Great surrendering

14 August 2012
Dear Ascension Pioneers!

Here is my automatic writing about what is happening lately during this cycle of great surrendering. Last couple of weeks were very intense releasing weeks. We have actually been releasing deeply for the past two months. We have been adjusting to the new during our inner shifts. This week, there is more playfulness needed in our daily lives, because this energy helps to activate our inner joy, which is a direct link to our own Source connection. Enjoy your week and all of your experiences, everyone!

Within Divine Love, Polona

Obama can kiss my --------------


Subject: : Sign posted at Blue Stream - New Iberia, LA



This is a custom made sign hanging on the fence of Blue Stream – Oil and Gas Rental and Supply Company, Highway 90, New Iberia, La.
The “We” in the sign refers to the Owners, Hard Working and Dedicated Employees, The Suppliers and the most important the Clients and Customers.

I understand that many other successful companies are in the process of having similar signs made.
This may sweep the nation and send a message to the audacity, arrogance and ignorance of Obama.  


U.S. Goldman Disclosure a Rare Break in Secrecy


U.S. Goldman Disclosure a Rare Break in Secrecy

By PETER LATTMAN

Senator Carl Levin had harsh words for Goldman Sachs.
WASHINGTON — After deciding not to prosecute Goldman Sachs for its conduct during the financial crisis, the Justice Department did something rare: it publicly announced that the investigation was closed.
The unusual public announcement came after Goldman’s lawyers pushed for a notification that the bank would not be charged, according to two people with direct knowledge of the matter who spoke on condition of anonymity.
In a 450-word statement issued late Thursday, authorities said that “based on the law and evidence as they exist at this time, there is not a viable basis to bring a criminal prosecution.”
Many legal experts agree it would have been hard to bring charges. But the public announcement also raised eyebrows because under most circumstances criminal inquiries are shrouded in secrecy. When the Justice Department decides to end a criminal inquiry without prosecuting, it usually does not disclose that decision to the public — or even to the target of the investigation.
The Justice Department’s decision rankled Wall Street critics who want banks to pay for their actions. On Friday, the senator that had requested the criminal investigation denounced Goldman.
A report suggested that Lloyd C. Blankfein, the Goldman chief, might have misled lawmakers when testifying about mortgage deals.Andrew Harrer/Bloomberg NewsA report suggested that Lloyd C. Blankfein, the Goldman chief, might have misled lawmakers when testifying about mortgage deals.
“Whether the decision by the Department of Justice is the product of weak laws or weak enforcement, Goldman Sachs” actions were deceptive and immoral,” Senator Carl Levin, a Michigan Democrat, said in a statement.
By closing its case, the Justice Department has removed the taint of a possible indictment against Goldman, which had already paid $550 million to settle a related civil matter brought by the Securities and Exchange Commission. “We believe that the Justice Department’s examination has been thorough and impartial,” said Andrew Williams, a Goldman Sachs spokesman.
Federal prosecutors began investigating Goldman more than a year ago after the Senate’s Permanent Subcommittee on Investigations issued a blistering report highlighting questionable conduct by Goldman and other banks. It focused on Goldman’s lucrative business of selling pools of subprime mortgage securities to clients while simultaneously betting on a decline in the housing market. In effect, the report concluded that Goldman had profited by betting against the very mortgage investments that it sold to clients.
It also suggested that Lloyd C. Blankfein, the chief executive of Goldman, might have misled lawmakers when testifying about the mortgage deals. Mr. Blankfein said that the bank never bet against its clients for its own profit.
As part of the report, Mr. Levin, the chairman of the subcommittee, referred Goldman’s case to the Justice Department for a criminal investigation in April 2011. But after investigating Goldman for more than a year, the Justice Department decided not to bring a case.
“The department and its investigative partners conducted an exhaustive review of the report and its exhibits, independently gathered and scrutinized a large volume of other documents, and tenaciously pursued potential evidentiary leads, including conducting numerous witness interviews,” the Justice Department said in its statement.
Separately, Goldman also disclosed on Thursday that the S.E.C. would not pursue any further claims against the bank related to the sale of a $1.3 billion mortgage bond deal.
On Friday, legal experts said that it was always unlikely that the government would bring a criminal prosecution against Goldman Sachs.
Ever since the 2002 indictment of Arthur Andersen caused the accounting giant to collapse and caused thousands of job losses, the government has been reluctant to bring charges against a company.
Instead, companies are now frequently offered so-called deferred prosecution agreements in which they pay a fine and agree to government oversight instead of facing criminal prosecution.
“The likelihood of the Justice Department indicting a ‘too big to fail bank’ like Goldman Sachs was always slim-to-none,” said Stephen M. Plotnick, a securities lawyer at Carter Ledyard & Milburn. “And a major hurdle in a criminal prosecution of Goldman’s executives was proving that they intended to defraud their clients.”
While the decision not to charge Goldman was not surprising, the uncommon public announcement by the Justice Department raised eyebrows. Because it is illegal to disclose the existence of a grand jury investigation, under most circumstances criminal inquiries are shrouded in secrecy. And when the Justice Department decides to end a criminal inquiry without prosecuting, it usually does not disclose that decision to the public — or even to the target of the investigation.
The Goldman case, however, fit within an exception to these secrecy rules because of the immense publicity surrounding the investigation of the bank. Justice Department lawyers are permitted to comment on investigations that have leaked to the public or received substantial media attention, according to department guidelines.
For instance, in another case involving a bank, the Justice Department announced in August 2011 that it had closed a criminal investigation of Washington Mutual and its former executives connected to its collapse during the financial crisis.
The Justice Department has also announced that it was not bringing criminal charges in several leaked investigations of prominent politicians, including the former New York governor Eliot Spitzer and the former New Jersey senator Robert Torricelli. Earlier this year, federal prosecutors in Los Angeles announced that they had closed their investigation of Lance Armstrong without charging him, nearly two years after they began looking into accusations that he and his bicycling teammates had committed a variety of possible crimes by doping.
“Leaked investigations are like storm clouds that hang over companies and individuals, making it incredibly difficult for businesses to run or for people to live out their lives,” said Boyd M. Johnson III, a partner at WilmerHale and a former federal prosecutor. “The Department of Justice has a responsibility to seriously consider issuing public statements of declination where investigations have leaked. It is a matter of fundamental fairness.”
While it no longer faces the prospect of criminal charges, Goldman has absorbed substantial damage to its reputation from Abacus, the complex subprime mortgage product that it sold to clients. And even though it settled with the S.E.C., a midlevel employee in the bank’s mortgage unit, Fabrice Tourre, still faces a civil trial related to the Abacus transaction. Its public image has also taken a hit from unflattering portrayals in the media, including its depiction as a “vampire squid” in a Rolling Stone article.
On Friday, Mr. Levin said that the Justice Department’s decision only highlighted the need for stiffer regulations for Wall Street banks under the new Dodd-Frank financial reform laws.
“Yesterday’s announcement makes it even more important that regulators implement Dodd-Frank with rules that do not water it down, and that they enforce those rules with vigor,” he said. “The integrity of our financial markets and the strength of our economy demand that we make sure that actions such as Goldman Sachs’s and other recently discovered misdeeds by financial institutions are ended.”
A version of this article appeared in print on 08/11/2012, on page B1 of the NewYork edition with the headline: U.S. Goldman Disclosure A Rare Break in Secrecy.
To read the rest of this story, visit DealBook.NYTimes.com.

Chinese companies pull out of US stock markets

Chinese companies pull out of US stock markets

Chinese firms leave US stock markets amid complaints about price, accounting scrutiny

RELATED QUOTES

SymbolPriceChange
FMCN25.470.02
CEVIF1.330.00
CHL59.3051.06
FSIN8.850.01
CTFO5.55-0.02
Yahoo! Finance Portfolio
BEIJING (AP) -- Just a few years after Chinese companies lined up to sell shares on Wall Street, a growing number are reversing course and pulling out of U.S. exchanges.
This week, Focus Media Holding Ltd., announced its chairman and private equity firms want to buy back its U.S.-traded shares and take the Shanghai-based advertising company private. The deal would value Focus Media at $3.5 billion, according to financial information firm Dealogic.
Smaller companies also are withdrawing from U.S. exchanges. In a sign of official encouragement, a Chinese business magazine said a state bank has provided $1 billion in loans to help companies with listings abroad move them to domestic exchanges.
The withdrawals follow accusations of improper accounting by some companies and a deadlock between Beijing and Washington over whether U.S. regulators can oversee their China-based auditors.
Some Chinese companies say they are pulling out of U.S. markets because a low share price fails to reflect the strength of their business. Withdrawing also eliminates the cost of complying with American financial reporting rules.
Focus Media "has been seriously undervalued on U.S. stock markets" and being taken private will help to promote its "long-term strategic development," said a company spokeswoman, Lu Jing.
The company, formed in 2003, operates electronic advertising displays in elevators, grocery stores and other locations.
"We haven't considered whether to list the company on Chinese markets but that possibility has not been excluded," Lu said.
U.S.-traded Chinese companies faced scrutiny after auditors for several quit and others were accused of accounting irregularities. Concerns about company finances have caused share prices to tumble, costing investors several billion dollars.
"Probably all these companies have some questionable accounting, so they may prefer to move out of the U.S., not to come under too much scrutiny," said Marc Faber, managing director of Hong Kong fund management company Marc Faber Ltd.
A financial firm, Muddy Waters Research, accused Focus Media last year of overstating the number of its display panels and questioned acquisitions reported by the company. Focus Media denied the allegations and said independent auditors confirmed the size of its network.
This week, Muddy Waters founder Carson Block said in a statement: "The markets are far better off if a few deep pocketed investors own Focus Media instead of mutual funds and other public shareholders."
The group proposing to take the company private includes its chairman, Jason Nanchun Jiang, and private equity firms Carlyle Group, CITIC Capital Partners, CDH Investments and China Everbright Ltd.
The status of Chinese companies in the United States could be complicated by a dispute between U.S. and Chinese regulators over whether American inspectors will be allowed to examine the work of their China-based audit firms.
Washington wants auditors to hand over documentation on companies that are under investigation but Chinese authorities have barred the release of some information. If a settlement is not reached, the SEC could reject audits by China-based firms, forcing companies to find new auditors.
In May, Beijing took steps to tighten control of local affiliates of major accounting firms by issuing a requirement for Chinese citizens to head those offices.
Dozens of Chinese companies issued shares on Wall Street over the past decade, raising billions of dollars from investors who wanted a stake in the country's booming economy.
Many were private companies that could not raise money on Chinese exchanges that were created to finance state industry or wanted the higher public profile.
Chinese regulators encouraged the move as a way for entrepreneurs to raise money and speed the development of China's economy. But in recent years Beijing has encouraged private companies to issue shares in China to help develop its markets and give Chinese households better investment options.
Regulators have made it easier for private companies to join China's two exchanges in Shanghai and the southern city of Shenzhen, though most listings still are for state enterprises. The Shenzhen exchange created a second board for small companies, imitating the U.S.-based Nasdaq market.
Major state companies such as oil giant PetroChina Ltd. and China Mobile Ltd., the world's biggest phone company by subscribers, also have issued shares abroad. None has indicated it plans to withdraw from foreign stock exchanges.
The economics also are shifting in China's favor.
U.S.-traded companies saw share prices plunge following the 2008 global crisis, while economic growth at home, even after a recent decline, is still forecast at about 8 percent this year. Rising Chinese incomes are creating a bigger pool of money for investment.
"Generally speaking, a company's shares are sold at a higher premium in initial public offerings on Chinese stock markets than on U.S. markets," said Mao Sheng, a market strategist for Huaxi Securities in the western city of Chengdu.
Also, he said, "If the company's business is mainly in China, it will be good for its brand promotion."
Another U.S.-traded company, Fushi Copperweld Inc., announced plans in June by its chairman, Li Fu, and a Hong Kong firm, Abax Global Capital, to take the maker of metallic conductors private.
Muddy Waters cited Fushi Copperweld in April as one of several companies it said dealt with an investment bank that helped enterprises seeking U.S. stock market listings to conceal problems and misrepresent financial information.
Fushi Copperweld denied Muddy Waters' "vague and nonspecific" claims.
The company said its privatization will be financed with loans from the China Development Bank.
Created to support construction of highways and other public works in China, CDB plays a growing role in its corporate expansion abroad. The bank provides credit to buyers of Chinese telecoms gear and other big-ticket goods and has financed building projects in Africa, Latin America and Asia.
CDB has lent $1 billion "to help Chinese public companies leave the U.S. stock market to return to domestic markets," the business magazine Caixin said last month.
Employees who answered the phone at Fushi Copperweld said no one was available to comment.
Also in June, China TransInfo Technology Corp., a provider of traffic management technology, announced privatization plans to be financed by CDB's Hong Kong branch. A company spokeswoman said she could not comment because the plan is not finalized.
In October, Harbin Pacific Electric Co. withdrew from Nasdaq in a share buyback financed by $400 million in loans from the CDB.
___
Associated Press researchers Fu Ting in Shanghai and Yu Bing in Beijing contributed to this report.

http://finance.yahoo.com/news/chinese-companies-pull-us-stock-095649722.html

China Launching Gold Backed Global Currency!


[link to americankabuki.blogspot.com
China Launching Gold Backed Global Currency! 
Sunday, August 12, 2012 17:14

There can be no doubt that the US dollar will soon be history. China is recasting all of their gold reserves into small one kilo bars in order to issue a new ‘gold backed’ global currency. This is surely a strategic part of their recent push to sign new trade agreements with Russia, Japan, Chile, Brazil, India, and Iran. The cat is now out of the bag, the US will be given the ‘bums rush’ by the largest trading nations in the world and the dollar will go down in flames. GATA now estimates that 80% of the gold that investors believe they have in allocated accounts is long gone, the majority of it probably wound up in China.

Here is an excerpt from Jim Willie’s ‘Hat Trick Letter’

Jims recent article starts out with…

Many are the events, signals, and telltale clues of a real live actual systemic failure in progress. Until the last several months, such banter was dismissed by the soldiers in the financial arena. But lately, they cannot dismiss the onslaught of evidence, a veritable plethora of ugly symptoms of conditions gone terribly wrong and solutions at best gone awry and at worst never intended in the first place.

CHINA RECASTS GOLD BARS

China is well along an ambitious plan to recast large gold bars into smaller 1-kg bars on a massive scale. A major event is brewing that will disrupt global trade and assuredly the global banking system. The big gold recast project points to the Chinese preparing for a new system of trade settlement. In the process they must be constructing a foundation for a possible new monetary system based in gold that supports the trade payments. Initally used for trade, it will later be used in banking. The USTBond will be shucked aside. Regard the Chinese project as preliminary to a collapse in the debt-based USDollar system. The Chinese are removing thousands of metric tons of gold bars from London, New York, and Switzerland. They are recasting the bars, no longer to bear weights in ounces, but rather kilograms. The larger Good Delivery bars are being reduced into 1-kg bars and stored in China. It is not clear whether the recast project is being done entirely in China, as some indication has come that Swiss foundries might be involved, since they have so much experience and capacity.


Read entire article here..
[link to news.goldseek.com

Manifesto puts Hillary chief in Saudi plot


WND EXCLUSIVE

Manifesto puts Hillary chief in Saudi plot

Huma Abedin worked for family institute tied to establishing Islamic America

Published: 53 mins ago
Art Moore entered the media world as a public relations assistant for the Seattle Mariners and a correspondent covering pro and college sports for Associated Press Radio. After graduating from Seattle Pacific University, he served with a Christian ministry during the "Iron Curtain" era in Eastern Europe for 10 years. His return to media included two years as senior news writer for Christianity Today before joining WND shortly after 9/11. He met his wife of more than 20 years at Wheaton College Graduate School, where he earned a Master's Degree in communications. They have three children and a new son-in-law.More Less

humahilary
Although President Obama lavishly praised her over the weekend as an “American patriot,” a manifesto commissioned by the ruling Saudi Arabian monarchy effectively places the work of an institute that employed Secretary of State Hillary Clinton’s deputy chief of staff at the forefront of a grand plan to mobilize U.S. Muslim minorities to transform America into a Saudi-style Islamic state, according to an Arabic-language researcher.

Clinton’s top aide, Huma Abedin, was an assistant editor for a dozen years for the Journal of Muslim Minority Affairs for the Institute for Muslim Minority Affairs. The institute – founded by her late father and currently directed by her mother – is backed by the Muslim World League, an Islamic organization found in the Saudi holy city of Mecca that was founded by Muslim Brotherhood leaders.
Amid a backlash against five Republican lawmakers who want to probe Muslim Brotherhood infiltration in the federal government, the 2002 Saudi manifesto shows that “Muslim Minority Affairs” – the mobilizing of Muslim communities in the U.S. to spread Islam instead of assimilating into the population – is a key strategy in an ongoing effort to establish Islamic rule in America and a global Shariah, or Islamic law, “in our modern times.”

The manifesto, a sweeping account of the king’s success in disseminating the radical Wahhabi interpretation of Islam worldwide, does not mention the Institute for Muslim Minority Affairs by name. But it cites a book written by Huma Abedin’s father, “Muslim Minorities in the West,” listing him as co-author.

The manifesto was unearthed and translated by Walid Shoebat, a Palestinian American author and critic of radical Islam who has done extensive research on the Abedin family’s connections to the Muslim Brotherhod and its Wahhabist affiliations.
“Muslim Minority Affairs,” the manifesto says, works “under the umbrella of the Muslim World League and the International Islamic Relief Organization and World Association of Muslim Youth and others.”

The document notes that the king “declared from the first day that the Kingdom (of Saudi Arabia) was formed that its purpose was to spread the Shariah throughout the world, as it had been revealed in the Quran and the sunnah,” the sayings and deeds of Muhammad.

It also identifies “the Jews” as the main obstacle to success: “The greatest challenge that faces Muslims in the United States and Canada are the Jews who take advantage of their material ability and their media to distort the image of Islam and Muslims there by spreading their lies and distortions in the minds of the people in these countries.”

Huma’s father, Sayed Zaynul Abedin, founded the Institute for Minority Affairs in 1979. Huma was listed as an assistant editor from 1996 to 2008 for IMMA’s Journal for the Institute of Muslim Minority Affairs, the key disseminator of the institute’s ideas. Huma’s mother, Saleha Mahmood Abedin, is a member of the Muslim Sisterhood, a branch of the Muslim Brotherhood. Shoebat documents that Huma’s brother, Hassan Abedin, has worked with Muslim Brotherhood spiritual leader Sheik Yusuf al-Qaradawi and Omar Naseef, former secretary general of the Muslim World League and founder of a group reputed to fund terrorists, including al-Qaida.

President Bush issued an executive order shortly after 9/11 designating Naseef’s Rabita Trust, a subsidiary of the Muslim World League, a Specially Designated Global Terrorist Entity, and the Treasury Department froze its assets.

Saleha Abedin also is chairwoman of the International Islamic Committee for Woman and Child, the IICWC, an entity within the Muslim World League that designated Qaradawi as the main author of its charter and policies. Her group partners with the International Islamic Council for Dawa and Relief, which Israel has outlawed as a terrorist group that funds Hamas. The Washington, D.C.-based Center for Security Policy has warned that the IICWC is pressing for the repeal of Egypt’s Mubarak-era prohibitions on female genital mutilation, child marriage and marital rape. The IICWC say the prohibitions conflict with Islamic law.

Saleha Abedin also is vice dean at Dar El-Hekma College in Jeddah, Saudi Arabia. She helped found the school with Yaseen Abdullah Kadi, a designated terrorist by the U.S. and a member of the bin Laden family.
Two years ago, Huma Abedin arranged for Clinton to speak at the school alongside Saleha and another member of the Muslim Sisterhood, Suheir Qureshi.

Shoebat believes the Wahhabist connection to the Abedin family is significant and that Huma Abedin, as an assistant editor for the Journal for the Institute of Muslim Minority Affairs was serving the interests of Saudi Arabia’s anti-American foreign policy.

Security clearance
Advocates for an investigation of the Muslim Brotherhood’s influence on the U.S. government argue a simple reading of security clearance guidelines in reference to Huma Abedin’s family would warrant investigation.

The Center for Security Policy notes that security clearance guidelines for federal employees state a “security risk may exist when an individual’s immediate family, including cohabitants and other persons to whom he or she may be bound by affection, influence, or obligation are not citizens of the United States or may be subject to duress.”

The guidelines express concern for any “association or sympathy with persons or organizations that advocate the overthrow of the United States Government, or any state or subdivision, by force or violence or by other unconstitutional means.”
Nevertheless, Clinton’s top aide, who was born in the U.S. but raised in Saudi Arabia, has been fiercely defended by both Democrats and Republicans since five Republican lawmakers led by Rep. Michele Bachmann, R-Minn., cited her as an example of possible Muslim Brotherhood infiltration and asked the inspector generals at the departments of Homeland Security, Justice and State to investigate.

Yesterday, Washington Post columnist Dana Milbank suggested researchers and lawmakers who have presented evidence of the Muslim Brotherhood ties of Abedin and her family are motivated by racism. He commented it’s “hard to escape the suspicion” that the charges have “something to do with the way she looks and how she worships.”

Sen. John McCain, R-Ariz., called the request for an investigation of Abedin and her family a “sinister” and “nothing less than an unwarranted and unfounded attack on an honorable woman, a dedicated American and a loyal public servant.”
But Shoebat says that “page after page” of the Saudi manifesto casts “Muslim Minority Affairs” not “simply as a title or as a religious or even a social entity, but as a Saudi foreign policy, a jurisprudence and commandment from the highest of authorities commissioned to the Saudi Ministry of Religious Affairs.”

It’s the Saudi Ministry of Religious Affairs that enforces the infamous ban on any expression of any religion other than Wahhabi Islam in Saudi Arabia through its religious police, the Committee for the Promotion of Virtue and the Prevention of Vice.
Shoebat says the manifesto recalls five decades of efforts and billions of dollars spent “to ensure that Muslims will be an unassimilated group which then can influence the non-Muslim host nation and other nations, regardless how small the numbers of Muslims, by shifting the demographic scale due to their population growth in favor of this Saudi agenda.”

As WND had reported, a founder of the Muslim Brotherhood front group Council on American-Islamic Relations, Omar Ahmad, spoke to a group of Bay Area Muslims in 1998 about their duty to not “melt” into American culture but, instead, to spread Islam in America until it becomes “dominant” and Islam the only accepted religion on Earth, according to a local reporter who stands by her story despite CAIR’s claims to the contrary.
President Obama speaks at White House Iftar dinner, Aug. 10 (White House photo)
‘Values that we hold dear’
President Obama praised Huma Abedin at a White House dinner Friday night celebrating the Muslim ritual of Iftar, which concludes the Islamic holy month of Ramadan.

Obama said Abedin has been “nothing less than extraordinary in representing our country and the democratic values that we hold dear.”

Shoebat noted that the head of the Islamic Society of North America, a Muslim Brotherhood-backed group mentioned as an important player in the 2002 manifesto, was sitting across from Abedin at the White House Iftar dinner.
In his remarks, Obama said, to applause, that among the “American women serving with distinction in government” are his “good friend, Huma Abedin, who has worked tirelessly” in the White House, U.S. Senate and “most exhaustingly, at the State Department.”

While many defenders of Abedin have downplayed her influence – even to suggesting she’s little more than a fashion adviser to the pantsuit-wearing secretary of state – Obama indicated she has a role in policy.
“Senator Clinton has relied on her expertise, and so have I,” Obama said.

In a June 7, 2011, feature, the Washington Post reported Abedin is “personally close to Clinton” and “oversees planning and scheduling and advises on politics and policy, especially the Middle East.”

Obama told Iftar guests the “American people owe her a debt of gratitude – because Huma is an American patriot and an example of what we need in this country – more public servants with her sense of decency, her grace and her generosity of spirit.”
“So, on behalf of all Americans, we thank you so much.”

Major authorities
Shoebat says the Abedins’ Journal for Muslim Minority Affairs acknowledges that the Muslim Brotherhood’s Qaradawi and Alwani are major sources of Islamic authority to back their doctrine of how Muslims should act when they are a minority.
Alwani, who, as WND reported, vets Muslim military chaplains for the State Department, asserts in a paper titled “The Jurisprudence of Muslim Minority Affairs” that the whole world already is under the rule of Islam.
Shoebat notes Alwani speaks of a future literal war.

Alwani writes that “the land belongs to Allah, his religion is Islam, and every country is already in the House of Islam – now in the present time – since they will be in the House of Islam by force in the near future.”

The director of the Islamic Center of Lubbock, Texas, Mohammed bin Mukhtar Shanqeeti, agrees.
“The Muslim Minority Jurisprudence is not a heresy or a novel,” he writes, “it’s an ancient doctrine filled with the provisions for Muslims living in Dar al-Kufr (House of the Heathen) or Dar Al-Harb (House of War).”

Shoebat says the “Muslim Minority Affairs” plan combines two Islamic jurisprudences: The Minority Affairs Jurisprudence and the Jurisprudence of Muruna, or “flexibility.”

Under this doctrine, Muslim minorities, because of their special circumstances, can do some things other Muslims are not allowed to do, if they are for the purpose of advancing Islam.

Shoebat believes the doctrine of Maruna has allowed Huma Abedin to marry former congressman Anthony Wiener, a Jew, who resigned his office in disgrace after he was found to have engaged in illicit Internet communications with other women.
Islamic law bars a Muslim woman from marrying a Jew. But Shoebat argues the marriage is “one more reason for suspicion,” since Huma’s mother, a Muslim Brotherhood leader, never denounced it.