|
Power brokers return
to Europe for annual confab Paul Joseph Watson Infowars.com March 31, 2014 The 2014 meeting of the Bilderberg Group – a secretive organization of global power brokers – will take place in Denmark at the end of May.  The announcement was made today on the official ‘Bilderberg Meetings’ website, which states simply, “The 62nd Bilderberg meeting will take place at the end of May 2014 in Denmark.” No city or hotel has yet been identified as the location of the meeting, although the group always holds its conferences at luxury resorts either in or nearby major cities or exclusive remote tourist resorts. The 2014 confab marks Bilderberg’s first return to Scandinavia since the group met in Sweden in 2001 and the first time the conference has been held in Denmark since 1969. The elitist organization, which meets on an annual basis in either Europe, the United States or Canada, is comprised of some of the most powerful heavyweights of industry, banking, politics, royalty, academia and technology. Last year, the likes of Jeff Bezos, Timothy Geithner, Christine Lagarde, Henry Kissinger, Queen Beatrix of the Netherlands, and British Prime Minister David Cameron were all in attendance. While the mainstream media habitually fails to afford Bilderberg the press coverage it demands – characterizing the group as a mere “talking shop” – innumerable examples of the organization having a direct impact on global policy have been documented in recent years, leading to charges that the group is fundamentally undemocratic in nature. This has led to bigger and bigger anti-Bilderberg demonstrations in recent years, including last year in Watford, UK when thousands of people attended an event that was held in the grounds of the Grove Hotel, where Bilderberg was holding its meeting. Prior to last year’s meeting, Infowars reporters who had booked to stay at the Grove Hotel days before Bilderberg members arrived had their reservations canceled due to unspecified “security” concerns. In 2010, former NATO Secretary-General and Bilderberg member Willy Claes’ admitted that Bilderberg attendees are mandated to implement policy decisions that are formulated during the meeting. There are innumerable other examples of how Bilderberg has influenced major global events ahead of time, picking Presidents and Prime Ministers on a regular basis with total contempt for the democratic process. (NOTE: This last statement should serve to substantiate that Americans do not have a 'vote'. You just THINK that do 'vote'. All candidates for important offices are pre-selected by TPTB, and ONLY those selected are on the ballots. You, as a 'voter', select from between 2 - one of each of the two primary parties and the final one selected to be 'president', etc. is proclaimed to be the 'winner' barely before half of the voting is done by Americans.) Last year, Italian lawyer Alfonso Luigi Marra requested that the Public Prosecutor of Rome investigate the clandestine organization for criminal activity, questioning whether the group’s 2011 meeting in Switzerland led to the selection of Mario Monti as Prime Minister of Italy. In 2009, Bilderberg chairman Étienne Davignon even bragged about how the Euro single currency was a brainchild of the Bilderberg Group. Facebook @ https://www.facebook.com/paul.j.watson.71 FOLLOW Paul Joseph Watson @ https://twitter.com/PrisonPlanet ********************* Paul Joseph Watson is the editor and writer for Infowars.com and Prison Planet.com. He is the author of Order Out Of Chaos. Watson is also a host for Infowars Nightly News. |
Thursday, April 3, 2014
Power brokers return to Europe for annual confab
"IRREVOCABLE TRUST" Common-Law Trust
"IRREVOCABLE TRUST" Common-Law Trust
Fiduciary Duty is the highest standard of duty implied by law
(e.g., trustee, guardian)
Pernancy of the profits, execution of estates, and defense of the
land, are the three great properties of a trust, so that the courts
of chancery will compel trustees, 1. To permit the cestui que trust to
receive the rents and profits of the land. 2. To execute such conveyances,
in accordance with the provisions of the trust, as the cestui que trust
shall direct. 3. To defend the title of the land in any court of law or
equity. Cruise, Dig. tit. 12, c. 4, s. 4. A Law Dictionary Adapted To The
Constitution and Laws of the United States of America and of the Several States
of the American Union by John Bouvier Revised Sixth Edition, 1856
PERNANCY defined: Taking; a taking
or receiving; as of the profits of an estate. Actual
pernancy of the profits of an estate is the taking, perception, or receipt of
the rents and other advantages arising therefrom. Black’s Law Dictionary
Sixth Edition (page 625)
A trust is a fiduciary
relationship with respect to property where an individual known as a settler
transfers property to a trustee who then holds that property for the benefit of
a named beneficiary. An irrevocable trust is a type of trust where the terms
cannot be amended or revised by the trustee or beneficiary.
Trusts have existed since the early Roman era and
have become one of the most important innovations in property
law. Property placed into trust includes rights to the trustee, separating the
property's legal ownership (legal title) and
control from its equitable ownership. This may be done for tax purposes or to control the property and legal
title if the settlor is absent, incapacitated, or dead. Trusts are frequently created
in wills, defining how money and property will be handled for
children or other beneficiaries. The trustee is given legal title to the trust property, but is
obligated to act for the good of the beneficiaries only. The trustee may
be compensated and have expenses reimbursed, but otherwise must turn over
all profits from the trust
properties. Trustees who violate this "fiduciary duty" are self-dealing. Courts can reverse self-dealing actions,
order profits returned, and impose other sanctions. The trustee may be
either an individual, a company, or a public body. There may be a single trustee or
multiple co-trustees.
FIDUCIARY BOND defined: Type of surety bond required by court to
be filed by trustees, administrators, executors, guardians, and conservators to
insure proper performance of their duties. Black’s Law Dictionary Sixth Edition
(page 625)
COMMERCIAL INSURANCE defined: Indemnity agreements, in the form of
insurance bonds or policies, whereby parties to commercial contracts are to a
designated extent guaranteed against loss by reason of a breach of contractual
obligations on the part of the other contracting party. To this class belong
policies of contract credit and title insurance. Black’s Law Dictionary Sixth
Edition (page 803)
FIDES defined: Lat. Faith; honesty; confidence; trust; veracity;
honor. Occurring in the phrases "bona fides" (good faith), "mala
fides" (bad faith), and "uberrima fides" (the utmost or most
abundant good faith). Black’s Law Dictionary Sixth Edition (page 625)
BUSINESS TRUST defined: As distinguished from a joint-stock
company, a pure "business trust" is one in which the managers are
principals, and the shareholders are cestuis que trust. The essential attribute
is that property is placed in the hands of trustees who manage and deal with it
for use and benefit of beneficiaries. Morriss v. Finkelstein, Mo.App., 127
S.W.2d 46, 49. A "Massachusetts trust" or "common law
trust." See Massachusetts trust; Real estate investment trust (REIT). Black’s
Law Dictionary Sixth Edition (page 199)
Fides est obligatio conscientire alicujus defined: A trust is an
obligation of conscience of one to the will of another. Black’s Law Dictionary
Sixth Edition (page 625)
Fides servanda est defined: Faith must be observed. An agent must not violate the confidence reposed
in him.Black’s Law Dictionary Sixth Edition (page 625)
Fides servanda est; simplicitas juris gentium prreva leat
defined: Faith must be kept; the simplicity of the law of nations must prevaiL A rule applied to bills of exchange as a sort of
sacred instruments. Black’s Law Dictionary Sixth Edition (page 625)
ACT OF MAN defined: Every man of sound mind and discretion is
bound by his own acts, and the law does not permit him to do any thing against
it; and all acts are construed most strongly against him who does them. Plowd.
140. 2. A man is not only bound by his own acts, but by those of others who act
or are presumed to act by his authority, and is responsible civilly in all such
cases; and, in some cases, even when there is but a presumption of authority,
he may be made responsible criminally; for example, a bookseller may be
indicted for publishing a libel which has been sold in his store, by his
regular salesmen, although he may possibly have had no knowledge of it. A Law
Dictionary Adapted To The Constitution and Laws of the United States of America
and of the Several States of the American Union by John Bouvier Revised Sixth
Edition, 1856
ACT defined: evidence. The act of one of several conspirators,
performed in pursuance of the common design, is evidence against all of them.
An overt act of treason must be proved by two witnesses. See Overt. 2. The
terra. acts, includes written correspondence, and other papers relative to the
design of the parties, but whether it includes unpublished writings upon
abstract questions, though of a kindred nature, has been doubted, Foster's Rep.
198 ; 2 Stark. R. 116, 141. 3. In cases of partnership it is a rule that the
act or declaration of either partner, in furtherance of the common object of
the association, is the act of all. 1 Pet. R. 371 5 B. & Ald. 267. 4. And
the acts. of an agent, in pursuance of his authority, will be binding on his
principal. Greenl. Ev. Sec. 113. A Law Dictionary Adapted To The
Constitution and Laws of the United States of America and of the Several States
of the American Union by John Bouvier Revised Sixth Edition, 1856
IRREVOCABLE defined: That which cannot be revoked or recalled.
Commissioner of Internal Revenue v. Strong Mfg. Co., C.C.A.Ohio, 124 F.2d 360,
363. Black's Law Dictionary Fourth Edition (page 830)
IRREVOCABLE OFFER defined: An offer which cannot be revoked or
recalled by the offeror without liability U.C.C. 2-205. See Firm offer.
Black's Law Dictionary Fourth Edition (page 830)
ACCOUNT defined: practice. A statement of the receipts and
payments of an executor, administrator, or other trustee, of the estate
confided to him. 2. Every one who administers the affairs of another is
required at the end of his administration to render an account of his
management of the same. Trustees of every description can, in general, be
compelled by courts of chancery to settle accounts, or otherwise fully execute
their trusts. Where there are no courts of chancery, the courts of common law
are usually invested with power for the same purposes by acts of legislation.
When a party has had the property of another as his agent, he may be compelled
at common law to account by an action of account render. 3. An account is also
the statement of two merchants or others who have dealt together, showing the
debits and credits between them. A Law Dictionary Adapted To The
Constitution and Laws of the United States of America and of the Several States
of the American Union by John Bouvier Revised Sixth Edition, 1856
LITTLE JAMIE DIMON MET THE "CHESS MAN".. PUTIN 1 vs DIMON 0
LITTLE JAMIE DIMON MET
THE "CHESS MAN".. PUTIN 1 vs DIMON 0
http://www.zerohedge.com/news/2014-04-03/putin-1-dimon-0-jpmorgan-unhalts-russian-money-transfer
http://www.zerohedge.com/news/2014-04-03/putin-1-dimon-0-jpmorgan-unhalts-russian-money-transfer
Putin 1 - Dimon 0: JPMorgan Unhalts Russian Money Transfer
Submitted by Tyler
Durden on 04/03/2014 11:17 -0400
Because after shocking the world with its unilateral decision to halt Russian money transfers without a direct order from the administration, Reuters reports that JPM has folded and will process said payment from Russia's embassy in Kazakhstan to insurance agency Sogaz, easing tension after Moscow accused the U.S. bank of illegally blocking the transaction under the pretext of sanctions.
In other words, Putin 1 - Jamie Dimon 0.
More from Reuters:
The confrontation threatened to further strain ties between Washington and Moscow, locked in the worst standoff since the Cold War over Russia's annexation of Ukraine's Crimea region.
"Following consultation with our regulators, we are processing this transaction," JPMorgan said in a statement.
Last month, Washington imposed sanctions, including visa bans and asset freezes, against several Russians close to President Vladimir Putin and against Rossiya Bank, which it said was the "personal bank" for the leader's inner circle.
The destination for the embassy payment was insurance agency Sogaz, which is 48.5 percent owned by Abros, a wholly-owned subsidiary of Bank Rossiya.
Industry consultants in Moscow say financial institutions are unclear about how to apply the new rules in some situations, such as when dealing with subsidiaries of companies which have either been sanctioned or which have shareholders that have been punished.
Several Western investors and their banks are facing quandaries over individual situations.
Guidelines on the U.S. Treasury department's website from the U.S. Office of Foreign Assets Control says that property which is more than 50 percent owned by a person on the sanctions blacklist is affected and advises acting "with caution" when ownership interests are less than 50 percent.
"It is up to private companies and lawyers to figure out who is subject to sanctions," said one Moscow-based lawyer. "Of course (a U.S. bank) is more scared of the American (authorities than the Russian ones)."
Needless to say, this is quite anticlimatic, as we were certainly looking forward to the discovery of JPM documents which would be released into the public domain following the imminent annexation of all JPM offices in Russia. Looks like we'll have to wait a little longer.
Meanwhile, if even Jamie Dimon....
....can't stand up to Putin.... who can?
4.785715
(28 votes)
Crime inquiry said to open on Citigroup
Finance
Crime inquiry said to open on Citigroup
Ben Protess and Michael Corkery
15 Hours Ago
The New York Times
|
|
|
|
|
|
22
COMMENTSJoin the Discussion
Getty Images
Just as Citigroup was putting a troubled past of taxpayer bailouts and risky investments behind it, the bank now finds itself in the government's cross hairs again.
Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup's Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the giant bank.
Citigroup CFO must leave: Mike Mayo
The investigation, overseen by the F.B.I. and prosecutors from the United States attorney's office in Manhattan, is focusing in part on whether holes in the bank's internal controls contributed to the fraud in Mexico. The question for investigators is whether Citigroup — as other banks have been accused of doing in the context of money laundering — ignored warning signs.
The bank, which also faces a parallel civil investigation from the Securities and Exchange Commission's enforcement unit, hired the law firm Shearman & Sterling to lead an internal inquiry into the fraud, said the people briefed on the matter, who spoke only on the condition of anonymity. At a meeting last month, the bank's lawyers presented their initial findings to the government.
The bloom of activity stems from Citigroup's disclosure in February that its Mexican unit, Banamex, uncovered an apparent fraud involving an oil services company.
Federal authorities have opened a criminal investigation into a recent $400 million fraud involving Citigroup's Mexican unit, according to people briefed on the matter, one of a handful of government inquiries looming over the giant bank.
Citigroup CFO must leave: Mike Mayo
The investigation, overseen by the F.B.I. and prosecutors from the United States attorney's office in Manhattan, is focusing in part on whether holes in the bank's internal controls contributed to the fraud in Mexico. The question for investigators is whether Citigroup — as other banks have been accused of doing in the context of money laundering — ignored warning signs.
The bank, which also faces a parallel civil investigation from the Securities and Exchange Commission's enforcement unit, hired the law firm Shearman & Sterling to lead an internal inquiry into the fraud, said the people briefed on the matter, who spoke only on the condition of anonymity. At a meeting last month, the bank's lawyers presented their initial findings to the government.
The bloom of activity stems from Citigroup's disclosure in February that its Mexican unit, Banamex, uncovered an apparent fraud involving an oil services company.
Markets were surprised by Citi: Pro
Jerry Braakman, EVP, Chief Investment Officer & Treasurer at First American Trust, discusses how investors should be trading Citigroup after it failed the Fed's stress test.
The disclosure — that at least one Banamex employee processed falsified documents that helped the oil services company obtain a loan that cannot be repaid — generated immediate interest from federal authorities. But the decision by the F.B.I. and prosecutors to open a formal investigation, a move that has not been previously reported, has now officially drawn a faraway crime to Citigroup's doorstep.
The case represents another setback for the bank, which has also come under fire from regulators in Washington. Last week, the Federal Reserve rejected Citigroup's plan to increase its dividend. The rebuke embarrassed the bank and raised questions about the reliability of its financial projections.
The scrutiny coincides with Citigroup's recent announcement that it faces a separate, and perhaps more threatening, investigation from federal prosecutors in Massachusetts. The prosecutors, who have sent subpoenas to Citigroup, are examining whether the bank lacked proper safeguards against clients laundering money. Citigroup, the people briefed on the matter said, has hired the law firm Paul, Weiss, Rifkind, Wharton & Garrison to handle that case, which stems from the prosecutors' suspicion that drug money was flowing through an account at the bank.
Fed rejects Citigroup capital plan, shares drop
Together, the developments threaten to complicate Citigroup's relationships with government authorities, who had previously lost faith in the bank after it required two bailouts and came to epitomize Wall Street's role in the financial crisis. While Citigroup's chief executive, Michael L. Corbat, has repaired ties to regulators using a blend of contrition and self-accountability, the latest investigations could test those improvements.
Still, the government scrutiny could be short-lived. Citigroup has not been accused of wrongdoing, and prosecutors might ultimately close the cases without extracting fines or imposing charges, which typically come only if wrongdoing was pervasive.
And Citigroup is sharing the spotlight with banks like JPMorgan Chase, whose missteps, including a $6.2 billion trading loss in London, make its own problems seem arguably manageable by comparison.
A Citigroup spokesman declined to comment. In a letter to shareholders last month, Mr. Corbat said: "We continue to investigate what took place in Mexico and are working to identify any areas where we need to strengthen our controls through stronger oversight or improved processes."
Cramer on Citi: 'They were very cocky'
Spokesmen for both the F.B.I. in New York and Preet Bharara, the United States attorney in Manhattan, declined to comment.
In a speech this week, however, Mr. Bharara emphasized the importance of investigating not only individual bankers and traders, but also the Wall Street firms that employ them.
"Effective deterrence sometimes requires that institutions be punished, because sometimes it is the institution that has failed," he told a conference of Wall Street lawyers.
At first glance, Citigroup appeared to be the victim of the fraud involving the Mexican oil services company Oceanografía. After all, the bank lost millions of dollars.
But the F.B.I. and prosecutors, the people briefed on the matter said, are questioning whether Citigroup was equal parts victim and enabler.
The case represents another setback for the bank, which has also come under fire from regulators in Washington. Last week, the Federal Reserve rejected Citigroup's plan to increase its dividend. The rebuke embarrassed the bank and raised questions about the reliability of its financial projections.
The scrutiny coincides with Citigroup's recent announcement that it faces a separate, and perhaps more threatening, investigation from federal prosecutors in Massachusetts. The prosecutors, who have sent subpoenas to Citigroup, are examining whether the bank lacked proper safeguards against clients laundering money. Citigroup, the people briefed on the matter said, has hired the law firm Paul, Weiss, Rifkind, Wharton & Garrison to handle that case, which stems from the prosecutors' suspicion that drug money was flowing through an account at the bank.
Fed rejects Citigroup capital plan, shares drop
Together, the developments threaten to complicate Citigroup's relationships with government authorities, who had previously lost faith in the bank after it required two bailouts and came to epitomize Wall Street's role in the financial crisis. While Citigroup's chief executive, Michael L. Corbat, has repaired ties to regulators using a blend of contrition and self-accountability, the latest investigations could test those improvements.
Still, the government scrutiny could be short-lived. Citigroup has not been accused of wrongdoing, and prosecutors might ultimately close the cases without extracting fines or imposing charges, which typically come only if wrongdoing was pervasive.
And Citigroup is sharing the spotlight with banks like JPMorgan Chase, whose missteps, including a $6.2 billion trading loss in London, make its own problems seem arguably manageable by comparison.
A Citigroup spokesman declined to comment. In a letter to shareholders last month, Mr. Corbat said: "We continue to investigate what took place in Mexico and are working to identify any areas where we need to strengthen our controls through stronger oversight or improved processes."
Cramer on Citi: 'They were very cocky'
Spokesmen for both the F.B.I. in New York and Preet Bharara, the United States attorney in Manhattan, declined to comment.
In a speech this week, however, Mr. Bharara emphasized the importance of investigating not only individual bankers and traders, but also the Wall Street firms that employ them.
"Effective deterrence sometimes requires that institutions be punished, because sometimes it is the institution that has failed," he told a conference of Wall Street lawyers.
At first glance, Citigroup appeared to be the victim of the fraud involving the Mexican oil services company Oceanografía. After all, the bank lost millions of dollars.
But the F.B.I. and prosecutors, the people briefed on the matter said, are questioning whether Citigroup was equal parts victim and enabler.
Citi's wakeup call from the Fed
The Fed announced Citi is one of five banks to fail its stress test. Anthony Polini, Raymond James analyst, discusses what the big bank can do now. This seems to be more of a bump in the road for Citi rather than a critical shortfall, says Polini.
For one, it is unclear whether the wrongdoing at Citigroup was actually limited to a single Banamex employee, as early reports indicated. The authorities, according to the people briefed on the matter, are investigating whether the scheme involved co-conspirators at the bank's offices in the United States.
Prosecutors also tend to weigh whether an episode was isolated or illustrative of a broader problem. In the case of Banamex, the fraud was the latest in a series of questionable loan deals for the Citigroup unit. Bank employees say that Banamex, which accounts for 13 percent of Citigroup's revenue, undergoes the same level of oversight as any other business arm. But others inside the bank say that the Mexican unit has always had some degree of autonomy from New York.
And even if Oceanografía defrauded Citigroup — and the fraud was indeed an "isolated incident," as the bank has said — Citigroup may have lacked the proper controls to thwart the scheme at its inception.
Under the law, banks must report suspicious activity and set up compliance programs to prevent money laundering and other illegal activity. When banks fail to do so, it could amount to a criminal or civil violation, depending on the severity of the problem. For a breakdown to be criminal, prosecutors would typically need to show that the bank willfully ignored warning signs of the fraud.
Was Citi the Fed's sacrificial lamb?
With the focus on bank controls, the Banamex case and the separate money- laundering investigation in Massachusetts echo other recent Wall Street investigations. Prosecutors have claimed that lax controls enabled drug trafficking, money laundering and business deals with blacklisted countries like Iran and Cuba. In 2012, federal prosecutors penalized HSBC for turning a "blind eye to money laundering that was happening right before their very eyes."
The HSBC case, defense lawyers say, provided a template for prosecutors to go after not just a bank's actions, but its inaction as well.
In January, Mr. Bharara's office announced a criminal case that extracted a $1.7 billion penalty from JPMorgan Chase over accusations that it ignored warning signs about Bernard L. Madoff's Ponzi scheme. Mr. Madoff's firm used JPMorgan as its primary bank for more than two decades.
At Banamex, Oceanografía became one of the bank's largest corporate clients.
Under a short-term lending arrangement, Banamex would advance money to Oceanografía, whose existence hinged almost entirely on government contracts. Banamex issued the loans with the understanding that Oceanografía had received contracts from the state-owned oil monopoly Pemex. Once the work was completed, Pemex would repay the loan to Banamex.
More from the New York Times:
4 Dead and 16 Injured in Fort Hood Attack
In Crimea, Russia Showcases a Rebooted Army
Ruling Is a Win for Big Donors and Party Leaders
But this year, Mexican authorities suspended Oceanografía from obtaining additional government contracts for several months. Shortly after, Banamex discovered a fraud.
There was valid documentation for $185 million of work, Citigroup said, but Banamex had advanced Oceanografía a total of $585 million. Some of Oceanografía's invoices, Citigroup said, "were falsified to represent that Pemex had approved them. A Banamex employee processed them."
Mexican authorities, including lawmakers and the attorney general, have directed their own investigations into the fraud.
Citigroup has said it has worked with the Mexican authorities "to initiate criminal actions" that may allow it to recover some of the missing money.
"We are exploring every available option to recoup the misappropriated funds and we will be relentless in pursuing their recovery," Mr. Corbat said in a memo to employees. "All will be held equally responsible and we will make sure that the punishment sends a crystal-clear message about the consequences of such actions."
Prosecutors also tend to weigh whether an episode was isolated or illustrative of a broader problem. In the case of Banamex, the fraud was the latest in a series of questionable loan deals for the Citigroup unit. Bank employees say that Banamex, which accounts for 13 percent of Citigroup's revenue, undergoes the same level of oversight as any other business arm. But others inside the bank say that the Mexican unit has always had some degree of autonomy from New York.
And even if Oceanografía defrauded Citigroup — and the fraud was indeed an "isolated incident," as the bank has said — Citigroup may have lacked the proper controls to thwart the scheme at its inception.
Under the law, banks must report suspicious activity and set up compliance programs to prevent money laundering and other illegal activity. When banks fail to do so, it could amount to a criminal or civil violation, depending on the severity of the problem. For a breakdown to be criminal, prosecutors would typically need to show that the bank willfully ignored warning signs of the fraud.
Was Citi the Fed's sacrificial lamb?
With the focus on bank controls, the Banamex case and the separate money- laundering investigation in Massachusetts echo other recent Wall Street investigations. Prosecutors have claimed that lax controls enabled drug trafficking, money laundering and business deals with blacklisted countries like Iran and Cuba. In 2012, federal prosecutors penalized HSBC for turning a "blind eye to money laundering that was happening right before their very eyes."
The HSBC case, defense lawyers say, provided a template for prosecutors to go after not just a bank's actions, but its inaction as well.
In January, Mr. Bharara's office announced a criminal case that extracted a $1.7 billion penalty from JPMorgan Chase over accusations that it ignored warning signs about Bernard L. Madoff's Ponzi scheme. Mr. Madoff's firm used JPMorgan as its primary bank for more than two decades.
At Banamex, Oceanografía became one of the bank's largest corporate clients.
Under a short-term lending arrangement, Banamex would advance money to Oceanografía, whose existence hinged almost entirely on government contracts. Banamex issued the loans with the understanding that Oceanografía had received contracts from the state-owned oil monopoly Pemex. Once the work was completed, Pemex would repay the loan to Banamex.
More from the New York Times:
4 Dead and 16 Injured in Fort Hood Attack
In Crimea, Russia Showcases a Rebooted Army
Ruling Is a Win for Big Donors and Party Leaders
But this year, Mexican authorities suspended Oceanografía from obtaining additional government contracts for several months. Shortly after, Banamex discovered a fraud.
There was valid documentation for $185 million of work, Citigroup said, but Banamex had advanced Oceanografía a total of $585 million. Some of Oceanografía's invoices, Citigroup said, "were falsified to represent that Pemex had approved them. A Banamex employee processed them."
Mexican authorities, including lawmakers and the attorney general, have directed their own investigations into the fraud.
Citigroup has said it has worked with the Mexican authorities "to initiate criminal actions" that may allow it to recover some of the missing money.
"We are exploring every available option to recoup the misappropriated funds and we will be relentless in pursuing their recovery," Mr. Corbat said in a memo to employees. "All will be held equally responsible and we will make sure that the punishment sends a crystal-clear message about the consequences of such actions."
Related Topics
| Price | Change | %Change | ||
|---|---|---|---|---|
| C | 47.68 | -0.56 | -1.16% |
MORE FROM CNBC
Why Two Exchange Rates?
Why Two Exchange Rates?
Since the Central Bank of Iraq (CBI) began changing the rules for its USD auctions in 2012, Iraq has been operating a de facto dual exchange rate system. (There’s a summary of some of the CBI’s recent rule changes on pages 12-14 of this report from Sansar Capital.) For those with access to the CBI auction—mainly banks and (as of March, 2013) importers using letters of credit—the rate has been fixed at IQD 1,166: USD 1.00. For the rest of us, the dinar has ranged from 1,194 to 1,292, with two major episodes of depreciation in mid-2012 and mid-2013 (see chart).
The ostensible purpose for this arrangement is to limit illicit outflows of foreign exchange to Iran and Syria. In practice, it serves mainly as a subsidy to banks, large importers, and anyone in a position to generate phony trade documents. The losers include everyone from foreign investors in Iraqi stocks to the government itself, which gets the CBI rate on its oil-export revenues.
Iraq is unusual in this regard. Dual (or even multiple) exchange rates are usually only found in countries suffering from chronic trade deficits and foreign exchange shortages. Typically the objective is to make foreign exchange available for “essential” imports or to control inflation by lowering import prices. Examples include Hitler’s Germany, China in the 1980’s and early ‘90’s, Burma prior to 2012, and Venezuela today. (See this note from the Asian Development Bank for an excellent introduction to this topic.)
It’s hard to see why Iraq belongs on this list. The country has a trade surplus, inflation is low, and the central bank has ample foreign exchange reserves. Even USD outflows to Iran are presumably no longer a major issue.
One exchange rate should be enough.
2.
Categorized | Blog
Money Still Flowing
into Iraq
Posted
on 03 April 2014.
On the production and export side, the latest figures look very positive, and Lukoil has just started production at the giant West Qurna 2 oilfield.
As regards investment, we see Abu Dhabi’s TAQA pumping $300 million into its Atrush oilfield, and Samsung signing an $840 million deal at Zubair.
Meanwhile, analysis from our Expert Blogger Mark DeWeaver questions the official exchange rate for the Iraqi Dinar, arguing that “one exchange rate should be enough“.
You can read all about it at Iraq Business News.
Report on Saudi role in 9/11 attacks kept secret
Many Americans had died in 911 and now we are told that Saudi Arabia had basically financed that. And we have the CEO of the Corporation, Obama bowing and kissing up to an ACCOMPLICE who financed 911. HOW MANY MORE OF THE PEOPLE OF THE WORLD HAVE TO DIE BEFORE ALL ARE HELD ACCOUNTABLE AND THIS MESS WILL FINALLY BE OVER ????? All for the GREED of the FIAT DOLLAR!!!! Depopulation has been on their agenda for FAR TOO MANY YEARS AND NOW IT IS TIME TO END THAT PROGRAM AND TAKE THEM TO TASK FOR ALL THE HARM THEY HAVE DONE !!!!!
Tuesday, April 1st, 2014 | Posted by Veterans Today
Report on Saudi role in 9/11 attacks kept secret
Report on Saudi role in 9/11 attacks kept secret
Top Daily Story … Press TV, Tehran
“There were 28 pages in the final report, out of over 800 total, which were totally censored from–that were one to the end of that chapter. That was the chapter that largely dealt with the financing of 9/11, who paid for these very complex and in many instances expensive activities that were the predicate for 9/11,” Graham told The Real News Network.
He said unfortunately the United States will continue to keep the report secret. “I am sad to report that today, some 12 years after we submitted our report, that those 28 pages continue to be withheld from the public,” he said.
Graham added that he was shocked by the fact that the US intelligence is keeping the report secret simply because it claims its disclosure would hurt the national security of the US. “I was stunned that the intelligence community would feel that it was a threat to national security for the American people to know who had made 9/11 financially possible.”
The former senator also said greater awareness of Saudi Arabia would change the way the US public view that country.
“Their active role, and how our perspective role on that active role would be different if there was an acceptance of the fact that Saudi Arabia was essentially a co-conspirator in 9/11, how much that would change the way in which, particularly in the current milieu of events in the Middle East, Saudi Arabia is being viewed,” he said.
His comments came after US President Barack Obama paid a brief visit to Saudi Arabia, a regional US ally, to talk about the expansion of relations between Washington and Riyadh as well as support for insurgents in Syria.
Editing: Jim W. Dean
______________________________
Possible Dangers of Private Placement Transaction by Exogen at Stage3Alpha
Possible Dangers of Private Placement Transaction by Exogen at Stage3Alpha
04/03/2014
WHAT ARE THE (POSSIBLE) DANGERS OF PRIVATE PLACEMENT TRANSACTIONS (BE AWARE!!!!)-NDA/CONFIDENTIALITY LANGUAGE INCLUDED (READ IT HERE!!!!)
Posted by EXOGEN on April 3, 2014 at 10:42am
1. YOU MAY NOT KNOW THE PAYMASTERS
2. THERE MAY BE A P.O.A (POWER OF ATTORNEY) STRUCTURED IN THE CONTRACT SO YOU LOSE CONTROL OF YOUR MONEY)
3. THEY KNOW MANY WILL NOT DO THEIR DUE DILIGENCE ON THE TRANSACTION FACILITATORS
4. MANY WHO SAY THEY HAVE PRIVATE TRANSACTIONS HAVE NOT COMPLETED (1) TRANSACTION
5. THEY KNOW MANY IN IQD LAND WILL TURN OVER MONEY AND HAVE NO ATTORNEYS TO DO DUE DILIGENCE
....
Posted by EXOGEN on April 3, 2014 at 10:42am
1. YOU MAY NOT KNOW THE PAYMASTERS
2. THERE MAY BE A P.O.A (POWER OF ATTORNEY) STRUCTURED IN THE CONTRACT SO YOU LOSE CONTROL OF YOUR MONEY)
3. THEY KNOW MANY WILL NOT DO THEIR DUE DILIGENCE ON THE TRANSACTION FACILITATORS
4. MANY WHO SAY THEY HAVE PRIVATE TRANSACTIONS HAVE NOT COMPLETED (1) TRANSACTION
5. THEY KNOW MANY IN IQD LAND WILL TURN OVER MONEY AND HAVE NO ATTORNEYS TO DO DUE DILIGENCE
....
6. YOU LOSE 100% CONTROL OF YOUR MONEY
7. NDA VIOLATION & RECOURSE
8. POTENTIAL CLAWBACK CLAUSES
9. CONVERSION OF YOUR EXCHANGE TO AN INVESTMENT
10. MAY BE REQUIRED TO LEAVE FUNDS IN THE BANK
11. RECOURSE BY HOMELAND SECURITY
12. CONTRACTED FOR FUTURE CONTRACT EDITS, CHANGES, AND REVISIONS TO THE N.D.A & CONTRACTS
13. CONTRACTED FOR TERMS UP TO 10 YEARS
14. YOUR PAYOUT CAN BE STRUCTURED AS AN ANNUITY FOR SET CONTRACT TERM AS DIRECTED BY N.D.A CONTRACT AND AGREEMENT
AND MUCH MUCH MORE!!!!!!!!!!!!!!!!!!!!!!
READ BELOW WHAT PEOPLE WHO ARE NOT IN THE KNOW ARE SIGNING
ASSIGNMENT OF ATTORNEY IN FACT FOR EXCHANGE OF FOREIGN CURRENCY
I, _____________________________, whose address is : ______________________________
Whereas,
It Is my intent to, sell, exchange, surrender, assign, redeem, or otherwise transfer any and all units, shares, or notes of foreign currency, specifically Iraqi Dinar, Vietnamese Dong, Indonesian Rupiah and/or Zimbabwe Dollar; whether held by me in hand or in layaway or reserve, private or public, now belonging to me.
Whereas,
XXXXXXXis utilizing his banking (and other) relationships to secure a transaction, whether through direct redemption process or by bank coordinated redemption and to exchange those foreign currencies held by me with an authorized bank or exchange facility, whether public or private, for US Dollars.
Whereas,
I desire to exchange my foreign currencies, as listed above, through the same channels and as part of the group organized by Larson, and Bishop Larson agrees to furnish to me the appropriate information to establish an exchange appointment or to exchange on my behalf.
Choice of Law. THIS POWER OF AGENCY WILL BE GOVERNED BY THE LAWS OF THE STATE OF TEXAS WITHOUT REGARD FOR CONFLICTS OF LAWS PRINCIPLES. IT WAS EXECUTED IN THE STATE OF TEXAS AND IS INTENDED TO BE VALID IN ALL JURISDICTIONS OF THE UNITED STATES OF AMERICA AND ALL FOREIGN NATIONS.
I am fully informed as to all the contents of this form and understand the full import of this grant of powers to my Agent.
Signed this _______ day of _______________, 20____
______________________________
______________________________
Attorney in Fact
CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
CONFIDENTIAL Page 1 of 5
This CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT (“Agreement”) is made and entered into as of 27th March,
2014 by the undersigned Participant (“owner”) and the Attorney in Fact.
RECITALS
A. The Participant is the holder of a certain number of certified Iraqi Dinar (“IQD”) which the Participant is interested and willing to exchange in a Private Placement for United States Dollars (“USD”).
B. Because of the private nature of the exchange and other persons who hold IQD and are not a part of the
private exchange and would want the same benefits received by the Participant if aware of the terms of the exchange, it is of the most significance and importance that the terms, conditions, nature and fact of the exchange be confidential and non-disclosed directly or indirectly by Participant.
C. As material consideration for Participant’s involvement in the exchange without which consideration
Participant would not be allowed to participate in such exchange, the Participant represents, warrants and agrees that the Participant will not disclose to anyone except pursuant to the terms of this Agreement, the fact of the exchange, the terms or the exchange, the conditions of the exchange, the names, addresses and/or telephone numbers of the persons facilitating the exchange or any other information of any type or sort whatsoever regarding the exchange.
AGREEMENT
1. For purposes of this Agreement, the Participant agrees as follows:
Certain Definitions. As used in this Agreement, the following terms have the meanings set forth below:
“Confidential Information” means any and all information of any kind, nature or description concerning any
matters affecting or relating to the private exchange of IQD to which the Participant is involved and derives economic value, including, but not limited to, the fact of the exchange, the amount of USD derived, the exchange rate, any banks involved, the names, addresses and/or telephone numbers of any persons or entities facilitating the exchange or any other information, circumstance, detail, item and/or data pertaining to, relating to or concerning the exchange.
“Exchange” means a private, confidential transaction cleared by Homeland Security whereby certain approved
persons and/or entities have the privilege to exchange certain IQD for USD.
“Exchange Facilitator” refers to the person or entity identified in this Agreement with the ability to enforce this
Agreement against the Participant and who has been instrumental in the completion of the exchange.
“Participant” refers to the party involved in the exchange either directly or indirectly, personally or on
behalf of any other person or entity, including the Participant’s agents, representatives, assigns, heirs, relatives, spouse, subsidiaries, attorneys, accountants, partners, joint venturers, directors, officers, employees, related entities or any other person and/or entity affiliated in any way with Participant.
Disclosure and Use of Confidential Information.
2. Obligation to Maintain as Confidential and Not Misuse. Participant will keep confidential and will not
directly or indirectly divulge to anyone any Confidential Information relating to the exchange except in accordance with the provisions of this Agreement.
CONFIDENTIAL Page 2 of 5
Required Disclosures of Confidential Information. In the event that Participant, or its duly authorized
Representatives are requested or required (by oral question, interrogatories, requests for information, documents, subpoena, civil investigative demand or similar process) to disclose any of the Confidential Information regarding the exchange, the Participant will provide prompt notice of such request(s) so that the exchange facilitators may seek an appropriate protective order and/or waive compliance by the Participant with the provisions of this Agreement. If, in the absence of a protective order or the receipt of a waiver, the Participant is nonetheless, in the reasonably supported opinion of its counsel, compelled to disclose Confidential Information to any tribunal or else stand potentially liable for contempt or suffer any other censure or penalty, the Participant may disclose such information to such tribunal without liability hereunder; provided that the Participant shall use its best efforts to obtain, at the request and expense of the Participant an order or other reasonable assurance that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed.
Non-Disclosure to Public. Without the prior written consent of the exchange facilitators and Participant, the parties shall not make any statement, or any public announcement, or any release to trade publications or to the press, or make any statement with respect to the exchange, except as may be necessary, in the reasonably supported opinion of their respective counsel, to comply with the requirements of any law, governmental order or regulation and/or the prior written consent of Participant and the Exchange Facilitator.
Indemnification. The Participant will indemnify, defend and hold harmless the Exchange Facilitator from and
against any and all claims, causes of action, damages, costs or expenses (including reasonable attorneys’ fees) arising out of or related to failure by the Participant or its Representatives to comply fully with the provisions of this Agreement.
Sole Property of Exchange Facilitator
3. The information which is imparted to the Participant either directly or indirectly as a result of the Participant’s
involvement in the exchange will be the sole property of the Exchange Facilitator, including but not limited to,
schedules, budgets, business plans, business operations, identity of contacts, principals, programs, pricing or payment structure, banking contacts or arrangements, contracts, writings, commission structure, etc. including, but not limited to, any derivatives therefrom and proprietary information or otherwise (hereinafter collectively referred to as "proprietary property rights").
Non-Disclosure
4. In recognition of such Confidential Proprietary Information the undersigned hereto pledges to the other that
neither the undersigned nor any corporation and/or divisions, subsidiaries, employees, agents, or consultants with whom the undersigned may come in contact shall disclose any information derived as a result of the Participant’s involvement in the exchange except with the written approval of the Exchange Facilitator first obtained or as otherwise provided herein.
Term
5. It is agreed that this Agreement shall remain in effect for a period of ten (10) years from execution of this
Agreement.
Breach of Agreement
6. The undersigned, on behalf of the undersigned, and on the behalf of any and all aforesaid personnel, and
entities acknowledges and agrees that the disclosure of any of the Confidential Proprietary Information obtained by the undersigned as a result of the undersigned’s participation in the exchange including, but not limited to, any and all information obtained or derived therefrom, directly or indirectly constitutes a material breach of this Agreement. The undersigned promises and agrees not to engage in any action or activity constituting a breach of this Agreement.
CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
CONFIDENTIAL Page 3 of 5
Injunctive Relief for Breach
7. The remedy at law for breach of this Agreement being inadequate, the Exchange Facilitator shall be entitled,
in addition to such other remedies as the Exchange Facilitator may have to injunctive relief for any breach or threatened
breach of this Agreement without proof of any actual damage that have been or may be caused by such breach.
Homeland Security
8. Participant acknowledges and agrees that Homeland Security will heavily monitor and track the exchange,
receipt of any funds from the exchange and future use of any funds received from the exchange. Participant will not use the funds received from the exchange in any criminal, seditious or other activity of any type or nature whatsoever. Participant further acknowledges that in the event of the breach of this Agreement or in particular this paragraph, Homeland Security may undertake action to freeze or take back any funds derived from the exchange.
Miscellaneous
9.1. Governing Law.
The validity, construction, and performance of this Agreement shall be governed by the
laws, without regard to the laws as to choice or conflict of laws, of the State of California.
9.2. Entire Agreement.
This Agreement is the only agreement and understanding between the parties pertaining
to the subject matter of this Agreement, and supersedes all prior agreements, summaries of agreements, descriptions, discussions, negotiations, understandings, representations or warranties, whether verbal or written, between the parties pertaining to such subject matter.
9.3. Assignment and Binding Effect.
Neither this Agreement nor any rights under this Agreement may be
assigned by any party without the prior written consent of the other party. The provisions of this Agreement shall bind and inure to the benefit of the parties and their respective successors and permitted assigns.
9.4. Amendment and Waiver.
This Agreement may be amended, modified or supplemented only by a writing
executed by each of the parties. Any party may in writing waive any provision of this Agreement to the extent such provision is for the benefit of the waiving party. No waiver by any party of a breach of any provisions of this Agreement shall be construed as a waiver of any subsequent or different breach, and no forbearance by a party to seek a remedy for noncompliance or breach by another party shall be construed as a waiver of any right or remedy with respect to such noncompliance or breach.
9.5. Enforceability. It is the intention of the parties that the provisions of this Agreement shall be enforced to
the maximum extent possible. Accordingly, if any of the provisions of this Agreement shall be determined by an
arbitration panel or a court of competent jurisdiction to be invalid or unenforceable, such provisions shall be reformed by the arbitration panel or court and enforced to the maximum extent possible. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement.
9.6. Notices. Any notice or communication required or permitted by this Agreement shall be deemed
sufficiently given if in writing and, if delivered personally, when it is delivered or, if delivered in another manner, the earlier of when it is actually received by the party to whom it is directed, or when the period set forth below expires (whether or not it is actually received):
a. if transmitted by facsimile transmission (“fax”), then, provided the party immediately sends a
confirmation copy by first class mail, 24 hours after (I) transmission to the party’s fax number set forth
below, with the party’s name and address set forth below clearly shown on the page first transmitted, and...............
7. NDA VIOLATION & RECOURSE
8. POTENTIAL CLAWBACK CLAUSES
9. CONVERSION OF YOUR EXCHANGE TO AN INVESTMENT
10. MAY BE REQUIRED TO LEAVE FUNDS IN THE BANK
11. RECOURSE BY HOMELAND SECURITY
12. CONTRACTED FOR FUTURE CONTRACT EDITS, CHANGES, AND REVISIONS TO THE N.D.A & CONTRACTS
13. CONTRACTED FOR TERMS UP TO 10 YEARS
14. YOUR PAYOUT CAN BE STRUCTURED AS AN ANNUITY FOR SET CONTRACT TERM AS DIRECTED BY N.D.A CONTRACT AND AGREEMENT
AND MUCH MUCH MORE!!!!!!!!!!!!!!!!!!!!!!
READ BELOW WHAT PEOPLE WHO ARE NOT IN THE KNOW ARE SIGNING
ASSIGNMENT OF ATTORNEY IN FACT FOR EXCHANGE OF FOREIGN CURRENCY
I, _____________________________, whose address is : ______________________________
Whereas,
It Is my intent to, sell, exchange, surrender, assign, redeem, or otherwise transfer any and all units, shares, or notes of foreign currency, specifically Iraqi Dinar, Vietnamese Dong, Indonesian Rupiah and/or Zimbabwe Dollar; whether held by me in hand or in layaway or reserve, private or public, now belonging to me.
Whereas,
XXXXXXXis utilizing his banking (and other) relationships to secure a transaction, whether through direct redemption process or by bank coordinated redemption and to exchange those foreign currencies held by me with an authorized bank or exchange facility, whether public or private, for US Dollars.
Whereas,
I desire to exchange my foreign currencies, as listed above, through the same channels and as part of the group organized by Larson, and Bishop Larson agrees to furnish to me the appropriate information to establish an exchange appointment or to exchange on my behalf.
Choice of Law. THIS POWER OF AGENCY WILL BE GOVERNED BY THE LAWS OF THE STATE OF TEXAS WITHOUT REGARD FOR CONFLICTS OF LAWS PRINCIPLES. IT WAS EXECUTED IN THE STATE OF TEXAS AND IS INTENDED TO BE VALID IN ALL JURISDICTIONS OF THE UNITED STATES OF AMERICA AND ALL FOREIGN NATIONS.
I am fully informed as to all the contents of this form and understand the full import of this grant of powers to my Agent.
Signed this _______ day of _______________, 20____
______________________________
______________________________
Attorney in Fact
CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
CONFIDENTIAL Page 1 of 5
This CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT (“Agreement”) is made and entered into as of 27th March,
2014 by the undersigned Participant (“owner”) and the Attorney in Fact.
RECITALS
A. The Participant is the holder of a certain number of certified Iraqi Dinar (“IQD”) which the Participant is interested and willing to exchange in a Private Placement for United States Dollars (“USD”).
B. Because of the private nature of the exchange and other persons who hold IQD and are not a part of the
private exchange and would want the same benefits received by the Participant if aware of the terms of the exchange, it is of the most significance and importance that the terms, conditions, nature and fact of the exchange be confidential and non-disclosed directly or indirectly by Participant.
C. As material consideration for Participant’s involvement in the exchange without which consideration
Participant would not be allowed to participate in such exchange, the Participant represents, warrants and agrees that the Participant will not disclose to anyone except pursuant to the terms of this Agreement, the fact of the exchange, the terms or the exchange, the conditions of the exchange, the names, addresses and/or telephone numbers of the persons facilitating the exchange or any other information of any type or sort whatsoever regarding the exchange.
AGREEMENT
1. For purposes of this Agreement, the Participant agrees as follows:
Certain Definitions. As used in this Agreement, the following terms have the meanings set forth below:
“Confidential Information” means any and all information of any kind, nature or description concerning any
matters affecting or relating to the private exchange of IQD to which the Participant is involved and derives economic value, including, but not limited to, the fact of the exchange, the amount of USD derived, the exchange rate, any banks involved, the names, addresses and/or telephone numbers of any persons or entities facilitating the exchange or any other information, circumstance, detail, item and/or data pertaining to, relating to or concerning the exchange.
“Exchange” means a private, confidential transaction cleared by Homeland Security whereby certain approved
persons and/or entities have the privilege to exchange certain IQD for USD.
“Exchange Facilitator” refers to the person or entity identified in this Agreement with the ability to enforce this
Agreement against the Participant and who has been instrumental in the completion of the exchange.
“Participant” refers to the party involved in the exchange either directly or indirectly, personally or on
behalf of any other person or entity, including the Participant’s agents, representatives, assigns, heirs, relatives, spouse, subsidiaries, attorneys, accountants, partners, joint venturers, directors, officers, employees, related entities or any other person and/or entity affiliated in any way with Participant.
Disclosure and Use of Confidential Information.
2. Obligation to Maintain as Confidential and Not Misuse. Participant will keep confidential and will not
directly or indirectly divulge to anyone any Confidential Information relating to the exchange except in accordance with the provisions of this Agreement.
CONFIDENTIAL Page 2 of 5
Required Disclosures of Confidential Information. In the event that Participant, or its duly authorized
Representatives are requested or required (by oral question, interrogatories, requests for information, documents, subpoena, civil investigative demand or similar process) to disclose any of the Confidential Information regarding the exchange, the Participant will provide prompt notice of such request(s) so that the exchange facilitators may seek an appropriate protective order and/or waive compliance by the Participant with the provisions of this Agreement. If, in the absence of a protective order or the receipt of a waiver, the Participant is nonetheless, in the reasonably supported opinion of its counsel, compelled to disclose Confidential Information to any tribunal or else stand potentially liable for contempt or suffer any other censure or penalty, the Participant may disclose such information to such tribunal without liability hereunder; provided that the Participant shall use its best efforts to obtain, at the request and expense of the Participant an order or other reasonable assurance that confidential treatment will be accorded to such portion of the Confidential Information required to be disclosed.
Non-Disclosure to Public. Without the prior written consent of the exchange facilitators and Participant, the parties shall not make any statement, or any public announcement, or any release to trade publications or to the press, or make any statement with respect to the exchange, except as may be necessary, in the reasonably supported opinion of their respective counsel, to comply with the requirements of any law, governmental order or regulation and/or the prior written consent of Participant and the Exchange Facilitator.
Indemnification. The Participant will indemnify, defend and hold harmless the Exchange Facilitator from and
against any and all claims, causes of action, damages, costs or expenses (including reasonable attorneys’ fees) arising out of or related to failure by the Participant or its Representatives to comply fully with the provisions of this Agreement.
Sole Property of Exchange Facilitator
3. The information which is imparted to the Participant either directly or indirectly as a result of the Participant’s
involvement in the exchange will be the sole property of the Exchange Facilitator, including but not limited to,
schedules, budgets, business plans, business operations, identity of contacts, principals, programs, pricing or payment structure, banking contacts or arrangements, contracts, writings, commission structure, etc. including, but not limited to, any derivatives therefrom and proprietary information or otherwise (hereinafter collectively referred to as "proprietary property rights").
Non-Disclosure
4. In recognition of such Confidential Proprietary Information the undersigned hereto pledges to the other that
neither the undersigned nor any corporation and/or divisions, subsidiaries, employees, agents, or consultants with whom the undersigned may come in contact shall disclose any information derived as a result of the Participant’s involvement in the exchange except with the written approval of the Exchange Facilitator first obtained or as otherwise provided herein.
Term
5. It is agreed that this Agreement shall remain in effect for a period of ten (10) years from execution of this
Agreement.
Breach of Agreement
6. The undersigned, on behalf of the undersigned, and on the behalf of any and all aforesaid personnel, and
entities acknowledges and agrees that the disclosure of any of the Confidential Proprietary Information obtained by the undersigned as a result of the undersigned’s participation in the exchange including, but not limited to, any and all information obtained or derived therefrom, directly or indirectly constitutes a material breach of this Agreement. The undersigned promises and agrees not to engage in any action or activity constituting a breach of this Agreement.
CONFIDENTIALITY AND NON-DISCLOSURE AGREEMENT
CONFIDENTIAL Page 3 of 5
Injunctive Relief for Breach
7. The remedy at law for breach of this Agreement being inadequate, the Exchange Facilitator shall be entitled,
in addition to such other remedies as the Exchange Facilitator may have to injunctive relief for any breach or threatened
breach of this Agreement without proof of any actual damage that have been or may be caused by such breach.
Homeland Security
8. Participant acknowledges and agrees that Homeland Security will heavily monitor and track the exchange,
receipt of any funds from the exchange and future use of any funds received from the exchange. Participant will not use the funds received from the exchange in any criminal, seditious or other activity of any type or nature whatsoever. Participant further acknowledges that in the event of the breach of this Agreement or in particular this paragraph, Homeland Security may undertake action to freeze or take back any funds derived from the exchange.
Miscellaneous
9.1. Governing Law.
The validity, construction, and performance of this Agreement shall be governed by the
laws, without regard to the laws as to choice or conflict of laws, of the State of California.
9.2. Entire Agreement.
This Agreement is the only agreement and understanding between the parties pertaining
to the subject matter of this Agreement, and supersedes all prior agreements, summaries of agreements, descriptions, discussions, negotiations, understandings, representations or warranties, whether verbal or written, between the parties pertaining to such subject matter.
9.3. Assignment and Binding Effect.
Neither this Agreement nor any rights under this Agreement may be
assigned by any party without the prior written consent of the other party. The provisions of this Agreement shall bind and inure to the benefit of the parties and their respective successors and permitted assigns.
9.4. Amendment and Waiver.
This Agreement may be amended, modified or supplemented only by a writing
executed by each of the parties. Any party may in writing waive any provision of this Agreement to the extent such provision is for the benefit of the waiving party. No waiver by any party of a breach of any provisions of this Agreement shall be construed as a waiver of any subsequent or different breach, and no forbearance by a party to seek a remedy for noncompliance or breach by another party shall be construed as a waiver of any right or remedy with respect to such noncompliance or breach.
9.5. Enforceability. It is the intention of the parties that the provisions of this Agreement shall be enforced to
the maximum extent possible. Accordingly, if any of the provisions of this Agreement shall be determined by an
arbitration panel or a court of competent jurisdiction to be invalid or unenforceable, such provisions shall be reformed by the arbitration panel or court and enforced to the maximum extent possible. The invalidity or unenforceability of any particular provision of this Agreement shall not affect the validity or enforceability of any other provisions of this Agreement.
9.6. Notices. Any notice or communication required or permitted by this Agreement shall be deemed
sufficiently given if in writing and, if delivered personally, when it is delivered or, if delivered in another manner, the earlier of when it is actually received by the party to whom it is directed, or when the period set forth below expires (whether or not it is actually received):
a. if transmitted by facsimile transmission (“fax”), then, provided the party immediately sends a
confirmation copy by first class mail, 24 hours after (I) transmission to the party’s fax number set forth
below, with the party’s name and address set forth below clearly shown on the page first transmitted, and...............
This sneaky fungus causes major sickness
 |
Holistic Blends Inc. |
|
Watch
us, Tweet us, Like us, Pin us:
    |
Hi John
Have you ever seen a horror movie where a normal person suddenly turns into a hideous creature?
Like Dr. Jekyll & Mr. Hyde. The Wolfman. The Hulk.
Well, something similar can be going on inside of you this very second with some tiny creatures that you can't even see with the naked eye.
The transformation is not as obvious as a horror movie, but you end up suffering some horrible symptoms from it and probably don't even know the reason why.
Chances are excellent that you've gone to a doctor for symptoms caused by these tiny creatures and gotten one or more prescriptions, maybe felt some temporary relief, but then your problem came back.
There's a good reason for that.
The reason is that a whole slew of vague, seemingly unrelated symptoms can be caused by yeast overgrowth in your body.
And the scary part is, all the prescription drugs in the world won't touch it--that's why your symptoms can return.
Yeast overgrowth is one of THE MOST COMMON maladies that affects both women and men, and it is also the least understood.
Here is what you MUST know about...
1- What yeast is
2- What it can do to you, and
3- How to stop it.
Meet Candida
Yeast (Candida) is always present in your body. It even serves a helpful function--it kills harmful bacteria and pathogens in your digestive tract.
As long as you have a proper acid/alkaline balance and a healthy population of beneficial bacteria in your system, Candida is kept under control and does what it's supposed to do.
The problem arises when Candida grows out of control...
Then this relatively harmless yeast becomes a gruesome fungal monster that invades the rest of your body and wreaks havoc.
There are 154 different species of Candida. Candida albicans is usually the culprit that causes infections in fingernails or toenails, vaginal infections in women as well as infections in the penile area in men.
But Candida tropicalis, Candida glabrata, Candida parapsilosis, Candida krusei and Candida lusitaniae also cause problems in your body.
From helpful yeast to harmful fungus
When Candida transforms from yeast to fungus, it eats away at your intestinal walls and makes them too porous. This allows the Candida, plus any poorly digested food molecules, toxins and wastes to seep out into your bloodstream.
This is called leaky gut syndrome and can lead to rashes, food intolerances, brain fog, skin/nail infections and genitourinary infections in both men and women.
In addition, when a yeast becomes a fungus, two toxic substances - ethanol and acetaldehyde - are produced, which are VERY harmful to your cells. They hamper your red blood cells' ability to flow into the capillaries, which can lead to migraines, muscle aches and fatigue.
These toxins also impair your white blood cells' ability to fight infection, which can also cause allergies, skin rashes, acne and slow healing.
It's too late, baby
The important thing to note is that once Candida has manifested itself as an infection or other symptom -- whether it's a vaginal yeast infection, skin rash, migraines or any other -- that's the sign that Candida is ALREADY out of control in your body.
In other words, Dr. Jekyll has already become Mr. Hyde.
That's why the medications a doctor might give you are typically of limited benefit. They might clear up the symptoms for a short time, but the underlying cause - yeast overgrowth - has NOT been addressed.
And it's only a matter of time before the symptoms come back.
Take the yeast quiz
Here's a quiz that you can take to see just how likely it is that yeast may be a problem for YOU:
1) Have you ever taken antibiotics for acne for 1 month or more?
2) Have you taken antibiotics for any other reason for 2 months or more, or at least 4 times in 1 year?
3) Do you suffer from persistent prostatitis, vaginitis or other genital problems?
4) Have you ever taken birth control pills for at least 6 months?
5) Have you ever taken steroid drugs like prednisone or Decadron?
6) Do you crave bread, sugar or alcohol?
7) Have you ever been pregnant?
8) Do you frequently feel fatigued, lethargic, drained, dizzy, spacey or disconnected?
9) Do you suffer from poor memory or concentration, inability to make decisions, loss of sexual desire or mood swings?
10) Do you frequently have abdominal pain, constipation, diarrhea, heartburn, bloating or gas that can't be explained by diet or a GI problem?
11) Do you have foot, hair or body odor that is not exercise/sweat related and is not relieved by bathing?
12) Do you frequently have bad breath, nasal congestion or drip, dry mouth, rash or blisters in your mouth, sore throat or laryngitis?
13) Do you have a persistent cough, chest pain or tightness, wheezing or shortness of breath?
14) Do you have to urinate frequently, have incontinence or experience burning when you urinate?
15) Do you get spots in front of your eyes, erratic vision, eye burning or tearing, fluid in your ears or ear pain?
16) Do you have toenail or fingernail discoloration that will not go away, even with strong fungus medications?
See how you measured up:
- 1 - 3 Yes
answers: Yeast is possibly an issue
- 4 - 8 Yes
answers: Yeast is probably an issue
- 9 or more Yes
answers: Yeast is very likely an issue
How to stop yeast overgrowth
Candida yeast feed on sugar, processed foods and refined carbohydrates. So when you eliminate these foods from your diet, you deprive Candida of the food sources it needs to multiply.
But a common mistake is that some people go "overboard" and eliminate ALL carbohydrates from their diet. That's not good either because you NEED carbohydrates.
Without them, your body starts to use protein to manufacture carbohydrates and your energy level plummets. Your brain also suffers because it needs glucose from carbohydrates, and you can become dehydrated.
The best way to deal with Candida is an easy two-step approach:
Step 1: Eliminate processed foods and BAD carbohydrates from your diet.
They not only feed the
yeast and keep them thriving, but they pack the pounds on your backside too.
Bad carbs include white sugar, white flour and all things made from white sugar
and flour.Focus instead on consuming GOOD carbohydrates like whole grains, fresh fruits and vegetables and legumes.
The Great Taste No Pain health system can help make this a snap for you.
- http://www.greattastenopain.com/great.asp
The Great Taste No Pain manuals guide you on how to choose good, healthy carb sources and fresh foods, which helps encourage a proper acid/alkaline balance. They also teach you how to identify the dangerous processed foods that are literal poisons to your body.
And of course, you’ll also get a collection of delicious recipes and meal suggestions I'm sure you'll positively love.
Step 2: Help boost your population of beneficial bacteria (probiotics) so they can control the yeast and keep them in check.
Two
of the powerhouse strains in Super Shield
probiotic formula,- http://www.bluerockholistics.com/product/pross.asp
Lactobacillus rhamnosus and Lactobacillus acidophilus, have been shown to be extremely effective in fighting Candida!
And Super Shield's 11 other potent strains support L. rhamnosus and L. acidophilus in keeping your intestinal flora in a more healthy balance, ready and able to keep yeast in check, fight off harmful bacteria, and strengthen your intestinal walls.
The winning team of Great Taste No Pain and Super Shield are your ticket to keeping Candida in check and helping to fight any effects of Candida overgrowth that may be an issue for YOU.
To your health,
Sherry Brescia
PPS: Mary has seen a difference after just one week and she doesn’t feel deprived!
After years of pain, bloating and bowel problems with endless doctors who didn't seem to care, I began following the Great Taste No Pain plan.
After just 1 week my pain has greatly diminished and I'm "regular" once again!
It's an easy plan to follow and I don't feel deprived.
Thank you Sherry!
Mary :)
Haven't taken the Great Taste No Pain test drive? Why not? Get over to
- http://www.greattastenopain.com/freereports/ and feel the power of Great Taste No Pain.
Orders: 1-888-724-4366
* Forward this email to the people you care about the most!
- http://www.greattastenopain.com/great.asp
- http://www.greattastenogluten.com/great.asp
- http://www.bluerockholistics.com
(c) copyright 2013 Holistic Blends
Pain-Free Living is a permission-based newsletter. The only way to receive it is to request it here To stop getting this letter, simply use the link below and it will end automatically and immediately.
Holistic Blends Inc.
- http://www.greattastenopain.com/great.asp
PO Box 359 Syracuse, NY 13209
Ph.: 1-888-724-4366 FAX: 315-468-5818
Subscribe to:
Posts (Atom)
