SET THE EXAMPLE: CONSTITUTION 'RE-RATIFIED' ~ RESTORE THE REPUBLICS~ RESTORE SHERMAN ANTI-TRUST ACT, RESTORE CLAYTON ACT SEC. 8, AND "GLASS STEAGALL ACT"
WE CAN'T GO ON THIS WAY; RESTORE OUR REPUBLICS; RESTORE GLASS STEAGALL; GET LAWFUL AMERICANS OUT OF "HARMS WAY!" http://www.rumormillnews.com/cgi-bin/forum.cgi?read=191601
The Republics are being 'set up' to take the fall for "ODIOUS DEBTS" of irresponsible acts of our presidents, our US House and Senate Members, the Executive Branch, Council on Foreign Relations Members.. etc.
What is an ODIOUS DEBT?!
Odious Debt
By law, in most countries, individuals do not have to repay money that others fraudulently borrow in their name. Similarly, a corporation is not liable for contracts that the chief executive officer enters without the authority to bind the firm. But international law does not exempt citizens of a dictatorship from repaying a debt incurred by a dictator for personal and nefarious purposes.
This inequity has not gone unnoticed. As early as the 1898 peace negotiations after the Spanish-American War, the U.S. government contended that neither the United States nor Cuba should be held responsible for debt incurred by Cuba's colonial rulers without the consent of its people and without regard for their benefit. Although Spain never accepted the validity of this argument, the United States prevailed, and Spain took responsibility for the Cuban debt under the Paris peace treaty. The Soviet state repudiated tsarist debt in 1921 using a similar rationale. Legal scholars subsequently elaborated a doctrine of "odious debt," arguing that sovereign debt should not be transferable to a successor government if it was incurred without the consent of, and without benefiting, the people. Some scholars added the requirement that creditors must have been aware of these conditions when they issued the loans to repressive or looting governments. READ MORE: http://www.brookings.edu/articles/2003/spring_development_kremer.aspx posted on RMNews http://www.rumormillnews.com/cgi-bin/forum.cgi?read=191601
"Fellow citizens, we cannot escape history."
Abraham Lincoln, Annual Message to Congress, December 1862
DOWN THE YELLOW BRICK ROAD http://www.rumormillnews.com/cgi-bin/forum.cgi?read=191118
The following is a THE "WHITE NOISE" ROAD MAP DOWN THE YELLOW BRICK ROAD.. to the "Take down of the Republics" by Acts Not In Compliance With Law.. see: Abuse of Act of Congress known as: The Foreign Banking Act, Dec. 24, 1919. Sec. 43 & Sec. 25. Abuse of Powers by The Federal Reserve Banking System "Trust", empowered by said Act of Congress(?)
SECTION. 43.---FEDERAL FOREIGN BANKING ACT
(Law, Banking and Business. Copyright, 1918, by THE JOHN A. HERTEL CO., Copyright 1921 by THE JOHN A . HERTAL CO.) http://www.theantechamber.net/V_K_Durham/ForeignBankingAct.html
1856. The Guano Act was passed by Act of Congress.
Not many today know what "Guano-Manuevo" is. This is NITRATES which enriched the soils of the Southern Cotton Producers prior to the American Civil War, the Cotton Producers of the United States out produced those of England¡¯s Egyptian Fields.
England lost 7 million pounds sterling due to the GUANO-MANUEVO-NITRATES brought up from Peru and other Latin American countries at that time.
England, France and Germany were eagerly grabbing up the Latin American Contracts on the Manuevo-Guano-Nitrates. Also, along came W.R. GRACE, J.P. MORGAN and the English Rothschild Banking in those years of 1870 and 1872.
W.R. Grace became the WAREHOUSE-MAN in control over the Peruvian Manuevo-Guano. Peru was the major product shipper.
W.R. GRACE, J.P. MORGAN and THE ENGLISH ROTHSCHILD BANKING, enticed Peru to sell their product in England on the London Exchange, banking with The Bank of England.
W.R. GRACE as the Government Warehouse-Man in control over all the MANUEVO-GUANO shipments, allowed "short billing of the bills of lading." As an example; The Peruvian Government was reported "only 5 tons of product had been shipped" when actually 50,000 tons were shipped. The "short billing of the bills of laden" made it an impossibility for Peru to pay her creditors for those debts of 1870 and 1872.
THE "SHORT BILLING" allowed the "tripod members" to take the excess nitrates/guano/manuevo and warehouse the excess in Warehouses in Boston, New York, Liverpool and Le Harve France ... The "Tripod" sold the excess.. forced the Latin American Sovereign Nations into BANKRUPTCY over the English Bond Holder Debts of 1860-1872 which were 'short billed"along with a "60 year Receivership" in 1899.
April 27, 1875. The Peruvian Legislature in one last desperate attempt to "save her sovereignty" authorized by invocation of the Peruvian Constitution of 1862, to enter into "The one time only, BONUS 3392-181 Commodity Contract, http://www.theantechamber.net/Vk2009/DocumentationValidation.htm now owned by "THE CERTIFIED, RECORDED OF PUBLIC RECORD AMERICAN BOND/CONTRACT HOLDER" i.e. DURHAM (INTL. LTD;) HOLDING TRUST (TIAS 12087). (go back and read "John N. Perry vs the U.S. Debt.")
Jim Sinclair
Dear CIGAs,
I have defined Asset Category 3 as a "Bat Guano Asset Category"
Here is the why:
Let's look at this through eyes of international investment banks, at least for starters. Please stay with me as this is the key to the crisis.
There have been three basic agreements named the Basel Agreement of 1993, 1998, and 2006. The main objectives are limited to accounting community functions, categories, risk and therefore evaluation of those items where assets are concerned.
It is apparent that the 1998 Basel Agreement had no idea what the size of off and on balance sheet assets were going to become via OTC derivatives, nor the complexity of these special performance contracts.
The 2006 Basel Agreement was getting closer to knowing the size, but still did not entirely understand the operating risk of these awful pieces of paper. This accord of the 2006 Basel Agreement focused on the evaluation of risk based capital ratios as well as traditional leverage ratios. Their original focus was centered on the traditional category 1 and 2 assets. When looking at on balance sheet assets for category 3 and 4 they set potential risk at 50% and 100% respectively.
Category 3 assets refer to loans fully secured by first liens on one to four family residential properties and the revenue for municipal bonds.
What operation "White Noise" is used for is to camouflage the failure of the Basel Accord to consider or recognize that the assets in question are packed full of credit and default over the counter special performance contracts called OTC derivatives. As such the problem today really is not a category 3 asset, but is called that because there is some similarity. That is the foundation of operation "White Noise" in all its forms.
The characteristics of the credit and default derivatives are:
Without regulation.
Without listing on public exchanges.
Without standards.
Therefore not in the least bit transparent.
Therefore without an open market of the bid/ask type.
Dealt in by private treaty negotiations.
Without a clearinghouse.
Unfunded without financial guarantee of any kind.
Functioning as contracts of specific performance.
Financial character or ability to perform is totally dependent on the balance sheet of the loser in the arrangement.
Evaluated by computer assumptions made by geek, non market experienced mathematicians who assume religiously that all markets return to their normal relationships regardless of disruptions.
Now in the credit and default category alone considered by accepted authorities as totaling more than USD$20 trillion in notional value.
Notional value becomes real value when the agreement is forced to find a real market for ending the obligation which is how one says sell it.
The Basel Accord coming out of the Basel Agreement of 2006 put the risk on these items as 50% of their stated worth.
I propose the risk is greater that 100% on the items described above. The reason I say this is that the problem is credit and default OTC derivatives on CDOs which is a form of derivative themselves as a structured product, making these items exotic in their nature. Due to this, these special performance exotic structured products are impossible to value honestly. To value them at zero is a good start. When they kill a company it is zero plus the impact on that entity¡¯s solvency which is therefore greater than 100%
This entire dissertation is in defense of my statement that Category 3 assets under the Basel Accord of 2006 now equal ¡°BAT GUANO ASSETS¡± under the cover of operation "White Noise." READ MORE: http://goforgold-dog.blogspot.com/2007/10/operation-white-noise-steps-into.html POSTED on RMNews Saturday, 4-Dec-2010 http://www.rumormillnews.com/cgi-bin/forum.cgi?noframes;read=189052 [actially posted the day Jim Sinclair sent his post to me, but somehow the 'record' of that "October 2007" has come up missing?"]
You should read the information on "WHITE NOISE".. Jim Sinclair writes:
¡°Operation White Noise,¡± the attempt to hide the breakdown in credit structured products (over the counter credit derivative meltdown) is a make believe dyke starting to leak badly.
If the credit problem was being repaired then why set up a fund at all? http://en.wikipedia.org/wiki/Bank_of_China You can be sure that all holders of all kinds of structured products are looking very carefully at the cartoon called market to model because there is no market to mark to.
I do not find benefit in going into large dissertations on the simple conclusion I have been trying to drive home.
This is it.
The model is the Weimar Republic. [read it again: http://goforgold-dog.blogspot.com/2007/10/operation-white-noise-steps-into.html ]
VKD: To 'cover' the "Go For the Gold~ WHITE NOISE OPERATION" External DEBT 2007 accounting of External US Corporate Debt of $450 TRILLION DOLLARS believed heavily participated by JP MORGAN with the following banks: Members of Inter-Alpha Group of Banks.
Before going into all of this; Remember the US FEDERAL RESERVE BANKING SYSTEM is owned by The UK.. The British Mint is owned by PETRO DOLLARS..
The Inter-Alpha Group of Banks was created in 1971 by six banks of the European Community in order to provide a platform for the regular exchange of ideas and explore areas for co-operation between its members.
AIB Group, Ireland
Banco Esp¨ªrito Santo, Portugal
Commerzbank, Frankfurt am Main, Germany
ING Bank, the Netherlands
Intesa Sanpaolo, Italy
KBC Bank, Belgium
Nordea, Denmark, Finland and Sweden
National Bank of Greece, Greece
The Royal Bank of Scotland Group, UK
Santander, Spain
Soci¨¦t¨¦ G¨¦n¨¦rale, France
The Queen's Bank i.e. Royal Bank of Scotland Group info can be read here:
The RBS Group operates a wide variety of banking brands offering personal and business banking, private banking, insurance and corporate finance throughout its operations located in Europe, North America and Asia. In the UK and Republic of Ireland, the main subsidiary companies are: The Royal Bank of Scotland; National Westminster Bank; Ulster Bank; Drummonds; and Coutts & Co. In the United States, it owns Citizens Financial Group, the 8th largest bank in the country. From 2004 to 2009 it was the second largest shareholder in the Bank of China, itself the world's fifth largest bank by market capitalisation in February 2008.[8] Insurance companies include Churchill Insurance, Direct Line, Privilege, and NIG. READ MORE: http://en.wikipedia.org/wiki/Royal_Bank_of_Scotland_Group
If you will notice the above contains a US "Citizens Financial Group".. WHO IS INVOLVED?:
Citizens Financial Group, Inc. is an American bank headquartered in Providence, Rhode Island, which operates in the states of Connecticut, Delaware, Illinois, Massachusetts, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Vermont. Citizens is a wholly owned subsidiary of the Royal Bank of Scotland Group, with headquarters in Edinburgh, Scotland, UK. Following the financial rescue of RBS, the company's controlling shareholder is currently the British government.
You will also note the RBS Group From 2004 to 2009 it was the second largest shareholder in the Bank of China.
Just who is involved with the BANK OF CHINA who alleges to have 'loaned' the US Money back when George Washington was president.. also puting a LIEN on the US Corporate Fed.R./UST?
Not to be confused with the People's Bank of China (the central bank of the People's Republic of China) or the Central Bank of the Republic of China on Taiwan.Bank of China Limited (BOC) SSE: 601988 SEHK: 3988 (simplified Chinese: ÖйúÒøÐÐ; traditional Chinese: ÖЇøãyÐÐ; pinyin: Zh¨nggu¨® Y¨ªnh¨¢ng; often abbreviated as ÖÐãy or ÖÐÐÐ) is one of the big four state-owned commercial banks of the People's Republic of China. It was founded in 1912 by the Government of the Republic of China, to replace the Government Bank of Imperial China. It is the oldest bank in China. From its establishment until 1942, it issued banknotes on behalf of the Government of the Republic of China along with the "Big Four" banks of the period: the Central Bank of China, Farmers Bank of China and Bank of Communications. Although it initially functioned as the Chinese central bank, in 1928 the Central Bank of China replaced it in that role. Subsequently, BOC became a purely commercial bank. READ MORE: http://en.wikipedia.org/wiki/Bank_of_China
2004.. TRIPOD MEMBER J.P. Morgan decided they needed something to 'legitimize' all those "BAT GUANO" "WHITE NOISE OPERATION" ~
FEBRUARY 1861. Amendments Proposed by the Peace Conference, February 8-27, 1861. READ MORE: http://avalon.law.yale.edu/19th_century/peace.asp
The Cotton Producers of the Southern States had used the manuevo/nitrates from the Latin American Sovereign Republics, increaced the cotton production which 'outpaced the English Cotton Growers by 7 Million Pounds Sterling'.. The English Banking "Tripod" of WR Grace, JP Morgan, Rothschild Banking began instigating "Civil Unrest" here in the U.S. of A. and Latin America..
WR Grace wormed his way into becoming the "Warehouse-Man" for the shipments of Guano/Manuevo Nitrates for Peru etc.
"Scuttle-Butt" has it... The president was arrested upon his arival home from his vacation.. This was supposed to have been on CNN.. I can't confirm this info.
"Scuttle-Butt" has it.. The president was over due in a Court Case .. something to do about 'citizenship'.. after this 'alleged' arrest.. This also was allegedly on CNN.. I can't confirm this either...?
The most interesting bit of "scuttle-butt" is~ The Court Case did not go well for Mr. O.. It is alleged.. he will be stepping down soon.. I can not confirm this either? As much as I watch CNN.. some of this stuff I never see?
YouTube - 20110107 adams invokes glass steagall principle ipod mp4 video mp4 Object
You'll love this one. Maybe what's left of this country isn't worthy of
the trust. You should contact the Irish. They may be more receptive.
http://www.youtube.com/watch?v=gCU2Wap8RgU
JUST WHO OR WHAT IS THE "INTER ALPHA GROUP BANKS?"
This article appears in the September 17, 2010 issue of Executive Intelligence Review.
THE INTER-ALPHA GROUP
Nation-Killers for Imperial Genocide
by John Hoefle
[PDF version of this article]
"What did not change significantly with that shift from the Mediterranean to the Atlantic, was the essential role acquired by Venice. Venice, once established as a power, remained the center of the organization of monetary power, while the outer husk of monetarist power, the Anglo-Dutch maritime interest, became the political and military capital of the Empire. Venice never gave up that role; it simply transferred some of its functions to the newly constituted London branch, all as a part of the adjustment to the shift from the Mediterranean to the Atlantic field of leading action."
¡ªLyndon H. LaRouche, Jr.[1]
The Inter-Alpha Group of Banks is an instrument of genocide. It was formed for the explicit purpose of destroying not only the existence, but the very concept, of national sovereignty¡ªwith the United States as its primary target¡ªas a way of permanently reducing the population of the planet. The Inter-Alpha Group has played a crucial role in the destruction of the industrial base of the United States, and the subsequent transformation of our economy into a giant, and hopelessly bankrupt, casino. When that casino imploded in 2007, the Inter-Alpha Group and the forces behind it moved to complete the task of destroying the U.S.A., by organizing the biggest theft of public money in history, via those still-continuing, un-Constitutional, and blatantly criminal operations known collectively as "the bailout." The result is a nation which is not only unable to meet the physical needs of its people, but is also rapidly destroying its own currency through hyperinflation.
In a limited sense, this operation has been a success. The imperial monetary system, mediated through a system of central banks, private banks, financial markets, and global cartels, is the leading power on the planet. But in another and very real sense, it has been a colossal failure, because these royally arrogant fools have, in destroying nations, also destroyed themselves, and set the world on the path toward a new Dark Age. Their doom is sealed, because only through increasing man's mastery over the universe can this Dark Age be averted, and in doing that, we will create a world that will no longer tolerate the medieval practices of these imperial parasites. READ MORE: http://www.larouchepub.com/other/2010/3736inter-alpha_genocide.html
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=192322
Psst.. Don't forget: 80% OF THE EURO IS UNDERWRITTEN WITH "UNAUTHORIZED DURHAM TRUST COLLATERAL"
http://www.theantechamber.net/V_K_Durham/EuroIsUnderwritten.htm
Christopher Story - EU Corruption Part 1/3
http://video.search.yahoo.com/video/play?p=christopher%20story&tnr=21&vid=282032931137&l=629&turl=http%3A%2F%2Fts2.mm.bing.net%2Fvideos%2Fthumbnail.aspx%3Fq%3D282032931137%26id%3Df8967395b56eb9a609ff6c84c5fcf5de%26bid%3DUudqLyGHVHTf%252bQ%26bn%3DThumb%26url%3Dhttp%253a%252f%252fwww.youtube.com%252fwatch%253fv%253dJug-W-DKcms&rurl=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DJug-W-DKcms&sigr=11aeacuub&newfp=1&tit=Christopher+Story+-+EU+Corruption+Part+1%2F3
2004. HOBSON, HURTADO & COMPANY was acquired by merger as the J. P. MORGAN CHASE BANK, N.A. as well.
http://www.rumormillnews.com/cgi-bin/forum.cgi?read=192327
Posted By: watcher51445
Date: Saturday, 8-Jan-2011 08:06:31
In Response To: SET THE EXAMPLE: CONSTITUTION 'RE-RATIFIED' ~ RESTORE THE REPUBLICS~ RESTORE SHERMAN ANTI-TRUST ACT, RESTORE "GLASS STEA (watcher51445) Interestingly, HOBSON, HURTADO & COMPANY was acquired by merger into the MORTON TRUST COMPANY that became acquired through a long series of mergers into what eventually became known ( in 2004 ) as the J.P. MORGAN CHASE BANK, NATIONAL ASSOCIATION. Interestingly, HOBSON, HURTADO & CO. predecessor firm DABNEY, MORGAN & CO. was also eventually acquired after a long series of mergers, acquisitions, and name changes into what eventually became known in 2004 as the J. P. MORGAN CHASE BANK, N.A. as well.
READ MORE: http://upintelligence.multiply.com/photos/album/27/1857_-_2010_Americas_-_Europe
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: Psst.. Don't forget: 80% OF THE EURO IS UNDERWRITTEN WITH
: "UNAUTHORIZED DURHAM TRUST COLLATERAL"
:
: http://www.theantechamber.net/V_K_Durham/EuroIsUnderwritten.htm
: Christopher Story - EU Corruption Part 1/3
:
: http://video.search.yahoo.com/video/play?p=christopher%20story&tnr=21&vid=282032931137&l=629&turl=http%3A%2F%2Fts2.mm.bing.net%2Fvideos%2Fthumbnail.aspx%3Fq%3D282032931137%26id%3Df8967395b56eb9a609ff6c84c5fcf5de%26bid%3DUudqLyGHVHTf%252bQ%26bn%3DThumb%26url%3Dhttp%253a%252f%252fwww.youtube.com%252fwatch%253fv%253dJug-W-DKcms&rurl=http%3A%2F%2Fwww.youtube.com%2Fwatch%3Fv%3DJug-W-DKcms&sigr=11aeacuub&newfp=1&tit=Christopher+Story+-+EU+Corruption+Part+1%2F3
