Sunday, March 17, 2013

Do You Stink? 3 Tips For Smelling Better Naturally

Do You Stink?  3 Tips For Smelling Better Naturally

 

People's fears of snakes, death and public speaking are closely
followed by another very common fear...

B.O. Body Odor.
Or worse yet, "HBO" -- horrible body odor.
So we spend small fortunes on personal care products including body washes, anti-perspirants, feminine sprays, deodorants and perfumes. Because nobody wants to stink and we're willing to do just about ANYthing to avoid having someone shout, "Febreze it!" in our direction.
But the problem is that people are spending so much time (and money) searching out the latest BO disguisers, while completely ignoring the primary cause of the odors...
...how toxic you are on the INSIDE.
BO is the by-product of your body cleansing itself and eliminating toxins. So the more smelly inner toxins you have, the worse your outer aroma is.
And all the nice-smelling sprays, creams, gels and powders in the world won't change that.
Let's take a little crash course in...
Body Odor 101
Your body is masterfully designed with a series of metabolic processes that help keep it clean inside.
They include urination, bowel movements, exhaling carbon dioxide and other toxins through your lungs, expelling mucus and dust through your nose and...
Eliminating toxins through your skin.
Your skin is your largest organ, so you do the math and figure out what part of you plays the most significant role in purging toxins.
Now you may be wondering, "Where do all these toxins come from?"
Although things like environmental chemicals, smoking, pollution and medications all add to your internal garbage pile, far and away the biggest sources of inner junk are eating processed "non-foods" and poor digestion.
Here's the scoop:
Bad food and digestion = BAAAAD odor
Your body is meant to be nourished by real foods--things like vegetables, fruits, meats, whole grains and healthy fats. It has enzymes that break down each kind of food, it assimilates the nutrients from them all, and any excess unusable residue is easily eliminated as your bowel movements.
But when you instead exist largely on processed, packaged junk--aka "non-foods" that have never occurred in Nature--putting it bluntly, your body has no freaking clue what to do with them.
It tries to break them down as best it can and absorb whatever scant "added vitamins and minerals" might be in them, but they mainly just end up as acid wastes and toxins that your body has to try to get rid of.
Voila' -- nasty BO in the making.
Poor digestion is another culprit that makes you smell like you're "smuggling onions."
The typical modern American meal is a smorgasbord made up of every kind of food under the sun and that's about as easy for your system to digest as eating an old tire.
When your digestion can't be accomplished like it should be, not only does that lead to acid waste accumulation and you smelling like Pepe Le Pew, but poorly broken down food molecules that enter your bloodstream can also lead to inflammation and food sensitivities too.
And let's not forget the fact that you're probably also suffering from gas, bloating, constipation and acid reflux on top of stinking.
 

How to smell REALLY sweet
Listen, if you want to make it so that you're not clearing out the elevator every time you step on, you have to acknowledge that smelling good on the outside comes from clean insides.
Here are three simple steps you can take to make your innards squeaky clean and keep you smelling naturally sweet:
1) Exercise
Yup--yet another reason to get your heart pumping at least 3-4 times a week. Sweating during exercise is a tremendous toxin-releasing process.
And with regular exercise cleaning out those inner toxins and burning up some fat, not only will you smell better, your waistline can shrink too.
2) Drink water
Water helps to flush out wastes and toxins and keep your entire system clean. So drink up.  6-8 glasses a day.
3) Efficient digestion
This is by far the most important thing you can do to end BO for good.
Now don't worry--having efficient digestion is not difficult or boring. You just need to eat real foods in easy to digest combinations and give your body a little help if needed.
A- The food piece of smelling good
The Great Taste No Pain system can show you how to eat to smell better.
The GTNP manuals teach you why specific foods and food combinations cause poor digestion and the resulting BO.
It's all based on simple biology and chemistry, but I explain it in a simple way that will make perfect sense to you.
I also guide you on how to put together meals that digest like a breeze, and give you loads of delicious recipes to enjoy. You'll be shocked at how good you can feel after eating for a change.
And you will be fresher and sweeter-smelling too!
Note: If you have gluten sensitivity, Great Taste No Gluten is for you.
You'll learn the same digestive principles as in Great Taste No Pain, plus get a gluten free survival guide and a collection of scrumptious gluten free recipes.
Both systems are available for FAR less than what a bottle of perfume costs.
 

B- Enzymes help you smell better
Not only does the modern diet mess up your digestion and make you stink, but it also uses up LOTS of enzymes in the process. Eventually your body's ability to produce adequate digestive enzymes may be diminished and that can mean deficiencies.
Enzymes are essential for your foods to be broken down like they need to be, because when they're not, look out. Even your washing machine will revolt at the smell of your shirts.
Plus, inadequate breakdown of foods leads to poor nutrient absorption, which can cause you to overeat (and pack on pounds) or develop deficiency diseases like osteoporosis.
These were among the concerns we had in mind when creating Digestizol Max.
Over the last 50 years increasing numbers of people are suffering from enzyme deficiencies and all the health challenges they cause. This directly correlates with our increasing dependence on processed foods and fast foods.
And the thing is, once your body's ability to produce enzymes is diminished, that's it!  You can't magically create more.
That's why older people often tend to smell...well, not so good.
Not enough enzymes!
So it's important to give your body a little help if needed with a superior digestive enzyme supplement like Digestizol Max.
 

You can say goodbye to nasty BO by eliminating its REAL cause.
Make yourself sweeter on the inside and life will be a whole lot sweeter for you on the outside.
To your sweet smelling good health,
Sherry Brescia
PS: We're now on Facebook! Like us here:
- https://www.facebook.com/GreatTasteNoPain.HolisticBlendsInc

PPS: Jen is seeing all kinds of great changes!
Hi Sherry,
About two weeks ago I thought that ill-health and pain was to be my way of life for the remainder of my life. I now know this is not true.
Although always plagued at crucial times and events throughout my life with debilitating raw stomach pains, nausea, vomiting, migraine and bouts of constipation, nothing compared or prepared me for the extremes suffered over the last two years when symptoms dramatically increased.
I am fifty-seven years old and I have always worked professionally and to my full capacity, which demands ambition, energy, tenacity and sound judgment to survive.
I considered my diet to be fairly good and thought that my state of health was due to anxiety, pressure of work and inevitability with increasing age. I approached doctors, and quite quickly I could envisage a route between hospital, sick-bed, ineffectual medicines and an early retirement due to failing health prescribed for my future.
I decided to find another way.
I have often been afraid to eat at work or with friends because of intense and seemingly unpredictable reactions to food. Exhaustion blighted every day, with simple tasks and ability to cope with everyday pressures too much to bear. Every day was a struggle. I felt ill.
Through a process of trial and error I began to try to heal myself and eventually sourced your Great Taste No Pain plan. It arrived and after one day I knew I had the answer in my hands.
I am getting stronger and more adept at combining each day. This way of eating is now my cornerstone for the rest of my life.
Here is what I have experienced so far:
- Pain and vomiting stopped after 1 day
- Sleep became sound
- Aches in my joints have ceased
- Relaxed and focused approach to life
- Breathing less congested
- My shape is changing
- A zest for life is rapidly returning
As toxins are being discarded I have had some uncomfortable, but short periods of distress throughout. Realizing that this is the body healing relieves anxiety and afterwards there is a feeling of rejuvenation having taken place.
Your plan is clear, understandable and workable manuals for contemporary lifestyle and I have no hesitation in my highest recommendation.
Again, thank you so much for your help.
Jen B.
*******************
Check out THOUSANDS of Great Taste No Pain success stories here.
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Got low energy? Brain fog? CRS disease? You just may be low in in just one vitamin. One out of four people are. Read more about this deficiency and how you can help turn that around FAST.
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Years of junk foods, meats, alcohol and soft drinks results in a decrease in your body's ability to produce digestive enzymes. This can result in daily painful gas, bloating, heartburn and constipation no matter how otherwise healthy your diet is! Digestizol Max can help turn that around for you fast. Its effective blend of 14 plant-derived enzymes and soothing herbs will help carry out the job of digestion and keep you feeling great! Learn more about Digestizol Max here.
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Gluten has been linked to hundreds of health problems, including autoimmune diseases. If you are gluten sensitive or have an autoimmune disease, see what avoiding gluten can do for you.  Great Taste No Gluten will make gluten avoidance easy, while giving you 160 of the world's tastiest gluten-free recipes to make you love every bite of your gluten-free life. Learn more about Great Taste No Gluten here.

Want case studies?  Here are a few THOUSAND health turnarounds for you to marvel at.

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MSM


MSM
1. MSM helps our bodies absorb more nutrients (vitamins and minerals).
Co-enzyme Q10 locks with MSM, which means that in order for the body to fully utilize this nutrient, it must have MSM(sulfur) with it. Pantothenic acid, Vitamins A, D, and E, inter-enzymes, amino acids, selenium, calcium, germanium, collagnol and dismuzyme are just some of the things we know the body does not utilize properly unless it has MSM to lock with. A lot of the vitamins we take go through the body without being fully used. With more MSM in the body, vitamins can be utilized more effectively and therefore become much more beneficial.

There is a joke that Americans have the most expensive urine in the world because of all the vitamins that go down the drain. Vitamin C does a lot of healing by itself, but without MSM to lock with, it doesn't toughen capillary walls. When MSM is added to the diet and taken with Vitamin C, chronic nosebleeds, easy bruising and varicose veins may be relieved. Vitamin C and MSM work synergistically together. Every body is different, so you would need to find what works for you, but it is important when taking Vitamin C to make certain it has the bioflavinoids with it because it is then a complete food. Nature's vitamins (from fresh food) are the best because they contain the whole complexes without which the body can't do its job, which is to maintain and repair the bodily systems. Without enough MSM, the body can't do its job properly.

2. MSM increases oxygen availability to the body.
There are people who have had emphysema, who used an atomizer for breathing and could hardly get out of the chair to walk across the room, who, after about a week of taking MSM, walked a half mile, rested and then walked another half mile. Now that is not because emphysema had been reversed, but because the MSM detoxifies and increases the blood's circulation of oxygen. MSM helps get oxygen into the blood a lot more efficiently with the same amount of work.

3. MSM helps increase energy.
Energy levels increase with MSM because it helps make the cell walls more permeable. Our cell walls get thicker and more rigid with age; this tends to create a lessening of the amount of nutrients and oxygen that can enter the cell through the cell wall. Also, toxins which get stored in the cell get trapped within the cells because of the lower permeability of the cell wall. When MSM goes into the body the permeability of the cell walls greatly increases, enhancing the absorbtion of nutrients and oxygen and helping release the toxins which were stuck in cells. When these toxins leave the body, it helps to increase our energy.
A good example of this at work shows up in diabetics. When their blood carries sugar to their cells, the sugar cannot be absorbed due to the impermeability of the cell wall. Studies show that when MSM goes into the body it causes the cell wall to be more permeable again. The pancreas (which requires sulfur to make insulin) normalizes because it doesn't work so hard--blood sugar can now be absorbed through the cell walls, helping to balance the blood sugar level. Because sulfur is a component of insulin (the protein hormone secreted by the pancreas that is essential to carbohydrate metabolism), a lack of nutritional sulfur in the diet can result in low insulin production by the pancreas. Thus, for the diabetic individual, MSM is extremely helpful in improving their overall energy levels.
There have been reports of long term diabetics injecting insulin daily for years, who have in five weeks to two months become self-regulating and stopped having mood swings. The blood sugar had stabilized. Studies suggest, in those with diabetes, that the cell wall may be more leathery and thus the absorption of sugar by the cells is greatly reduced.

4. MSM helps the body eliminate toxins including lactic acid build-up from strenuous exercise.
Drinking plenty of water is very important for anyone wishing to have good health. The fact that MSM detoxifies means that you need to keep water moving into the body so that the toxins can be eliminated without stressing other organs of the body, such as the kidneys.

5. MSM helps to dramatically reduces recuperation time from strenuous exercise and long hours of work.

6. MSM helps relieve muscular aches and pains.

7. MSM helps reduce inflammation due to injury or inflammatory diseases such as arthritis.
When the water pressure inside a cell is greater than the water pressure on the outside of the cell, there is inflammation and swelling. (The outer and intercellular fluid pressures are not equal.) MSM enhances the permeability of the cell walls, therefore allowing the pressure on both sides of the wall to equalize, thus relieving the inflammation.
MSM takes inflammation out of soft tissue and since pain comes from nerves in inflamed soft tissue, there is often relief from the pain of such inflammatory ailments as arthritis, bursitis, rheumatism and hip dysplasia. MSM can help get the flexibility back into the tissues very rapidly. Some people have experienced relief in only 20 minutes! For others, it takes longer.

8. MSM, together with Vitamin C (a free radical scavenger) helps the body build healthy new cells.

9. MSM, along with Vitamin C, helps reduce scar tissue and wrinkles, and helps keep the skin more elastic.

10. MSM, along with Vitamin C, helps the hair and nails grow stronger and faster.

11. MSM has been shown to improve mental alertness.

12. MSM has been proven to help in the reduction and even the total elimination of allergies.
When MSM is added to the diet, anti-allergy medication may be sharply reduced or eliminated.

13. MSM reduces headaches, cramps and muscle pain caused by hormonal imbalances, for example, PMS.
Women who have had monthly menstruation problems often no longer experience the headaches, cramps or muscle plain associated with their periods. Many women have these problems because their hormones are out of balance. The monthly cycle can be a shock to the system. When the hormones are brought into balance, the body functions normally and these painful problems can be vastly reduced or eliminated.

14. MSM helps relieve constipation.
MSM can help control chronic constipation. Many older people seem to have this problem and it can be a real medical concern. Reportedly many people suffering from constipation have had prompt and continuing relief by supplementing their diet with MSM. A good amount of Vitamin C along with the MSM has proven to be helpful for this condition.

15. MSM has been shown to help reduce and even eliminate snoring.

16. MSM helps reduces eye membrane irritation (when MSM in a water solution is applied).
MSM is the 4th most plentiful mineral in the body, and so essential to life that it is found in every cell of virtually every animal and plant. 

Saturday, March 16, 2013

Repeat The Gaze.....NOTICE TO ALL EVERY ONE NOW


NOTICE TO ALL EVERY ONE NOW
THUS FAR AND NO FARTHER
THANK YOU FOR YOUR SERVICE
I CLAIM ALL EVERY ONE NOW AS
ABSOULUTE PRIME ALL POINT DATA
TO BE
HERE AND NOW
HERE AM I
SAY ALL THINGS ARE OF SOURCE

I CALL FORTH THE ENERGIES OF THE MOST GREAT AND THE MOST GLORIOUS I AM
AND SO IT IS

THE REMEMBRANCE IS
I SAY BE AND IT IS

ALL STAND
ALL DECLARE
ALL INTEND
ALL AFFIRM
ALL DECREE
WE ALL BE AS ONE
NOW

ABSOULUTE PEACE JOY LOVE LIGHT
ABSOULUTE BE UNITY

Testimony of Ina R. Drew


SATURDAY, MARCH 16, 2013

http://alcuinbramerton.blogspot.com/2012/11/httpalcuinbramerton.html
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Picture: Ina Drew & Jamie Dimon. JPMorgan Chase. 

Testimony of Ina R. Drew
Former Head of the Chief Investment Office
JPMorgan Chase & Co.

Before the U.S. Senate Permanent Subcommittee on Investigations
Washington, D.C.

March 15, 2013


Good morning, Chairman Levin, Ranking Member McCain, and members of the Subcommittee. Thank you for the opportunity to meet and discuss with you my perspective on the losses incurred last year in JPMorgan Chase's synthetic credit portfolio, one of many portfolios managed by the Company's Chief Investment Office (CIO) when I was the head of that office.

I am greatly saddened by the entire episode, which has caused financial andreputational harm to JPMorgan Chase and a large number of people with whom I was honored to work, and I deeply regret that the losses occurred on my watch. I am also saddened that the losses led to my departure from the Company, to which I had devoted 30 years of my life.

Before I address the synthetic credit portfolio, I believe it would be useful for theSubcommittee to know about my background and career and about the range of asset-liability management activities of the CIO at JPMorgan Chase.


My background and career at JPMorgan Chase 
After attending public schools, I graduated from The Johns Hopkins University, as part of only the fourth class that admitted women, with a degree in international studies. I went on to earn a master's in international affairs from Columbia University. I have been a member of the Board of Trustees of The Johns Hopkins University for the past twelve years.

In March 1982, I joined Chemical Bank in New York and thus began my 30-year career at what would ultimately become JPMorgan Chase. Over the course of my career at the Company I worked primarily in the area of asset-liability management, and I received a succession of promotions and increasing management responsibilities. By asset-liability management, I am broadly referring to transactions and portfolio positions designed for the purpose of managing assets and liabilities on the Company's balance sheet, earning a favorable rate of return on capital, and prudently hedging exposures and risks in the Company's lines of business.

I helped the Company manage assets and liabilities through a series of significant mergers and acquisitions, including those involving Texas Commerce Bank, Manufacturers Hanover, Chase Manhattan, J.P. Morgan, Bank One, Bear Stearns and Washington Mutual, and I worked closely with a series of CEOs, including Walter Shipley, William Harrison and Jamie Dimon.

In 1999, I became the head of Global Treasury, the unit responsible for asset-liability management for the Company. In that role I oversaw the management of the Company's core investment securities portfolio, the foreign-exchange hedging portfolio, the mortgage servicing rights (MSR) hedging book, and a series of other investment and hedging portfolios based in London, Hong Kong and other foreign cities.

As of mid-2004 - the time of the merger with Bank One and the beginning of Mr. Dimon's tenure as Chief Executive Officer of JPMorgan Chase - I reported directly to Mr. Dimon. During 2005, the Global Treasury function was renamed the Chief Investment Office (CIO) and was moved out of the Company's investment banking division to become a Corporate function.

During Mr. Dimon's tenure as CEO my responsibilities increased significantly, for two principal reasons. First, the CIO's purview was expanded to include several additional books, including the JPMorgan Chase employee retirement plan, the company-owned-life insurance portfolio, and the capacity for both investment and hedging activities in the credit markets. Second, the Company's balance sheet grew significantly as a result of the acquisitions of Bear Stearns and Washington Mutual and the large inflow of retail deposits during the financial crisis.

In 2006, I became a member of the JPMorgan Chase Operating Committee, the highest- level management and strategy committee of the Company. During 2007 and 2008, I served on the industry-wide Treasury Borrowing Advisory Committee. I am proud to be one of a small number of women who rose to senior positions in the financial industry.

Asset-liability management activities of the CIO
The CIO engaged in a wide range of asset-liability management activities. As of the first quarter of 2012, the CIO managed the Company's $350 billion investment securities portfolio (this portfolio exceeded $500 billion during 2008 and 2009), the $17 billion foreign exchange hedging book, the $13 billion employee retirement plan, the $9 billion company-owned-life insurance portfolio, the strategically-important MSR hedging book, and a series of other books including the cash and synthetic credit portfolios.

Our department engaged in all of these activities as part of what we viewed as prudent and normal-course asset-liability management for a large financial institution such as JPMorgan Chase. In varying combinations, each activity was designed to preserve and enhance Company assets and to protect, or hedge, against losses and liabilities in the Company's various business lines resulting from various types of risks. Those risks included interest rate risk, foreign exchange risk, liquidity risk, duration risk, and credit risk.

I recognize that we are focused today on the 2012 losses in the synthetic credit book, but it is worth noting that the CIO's asset-liability management activities in total - including the strategic hedges in the synthetic credit book - contributed about $23 billion to the Company's earnings from 2007 through 2011, helping to offset business losses incurred during that difficult period of time.

My colleagues and I in CIO worked extremely hard to protect the Company, through the financial crisis and beyond, by investing conservatively and prudently hedging business risks. I am extremely proud that our investing and hedging strategies - which were developed over many years and were more successful than those of many other major financial institutions - played a critical role in the Company's efforts to weather the financial storms during this period of time.

My management of the CIO
As head of the CIO, I had a team of six experienced and accomplished financial professionals who reported directly to me. With respect to most of the various books I oversaw, including the cash and synthetic credit books, I delegated responsibility to, and relied on, my CIO management team.

Several of my direct reports - including Achilles Macris, who had supervisory responsibility for the cash and synthetic credit books, among other responsibilities - were members of the JPMorgan Chase Executive Committee, which consisted of the top 50 or so executives of the Company. Mr. Macris, who was based in London, served as head of the CIO for Europe and Asia.

My management team also included a Chief Financial Officer of the CIO who also reported to the Chief Financial Officer of the Company. Separately, there was a team of independent Risk Management personnel assigned to the CIO, all of whom reported up to the Chief Risk Officer of the Company. This included several CIO Risk personnel based in London and several who were focused on the synthetic credit book.

I managed the CIO in a variety of ways. I had daily meetings or communications with all of my direct reports and with CIO Risk Management personnel. I reviewed key written reports, including regular Risk Management reports and regular portfolio summaries from members of my management team or their teams. I held weekly portfolio review meetings, which covered most of the major books managed by the CIO, including the cash and synthetic credit portfolios managed by the London office.

These meetings always included London personnel via videoconference, and always included a review of risk management issues. I visited the London office several times each year, and Messrs. Macris and Martin-Artajo came to New York several times each year; through these visits and otherwise, I met with them in person at least several times each year.

The synthetic credit book
The synthetic credit book, which was started in late 2006, was designed principally as a protective macro-level hedge against stressed credit environments, and it served this purpose well. From 2007 through 2011 - a period which included the financial crisis of 2008-2009 and the ensuing difficult and uncertain credit environment during 2010-2011 - the book had positive returns every year and contributed in total approximately $2 billion to the Company's earnings. These gains helped offset losses in various credit-sensitive business activities, including the Company's very large loan portfolio, which totaled approximately $700 billion during 2011 and 2012.

The synthetic credit book consisted of a portfolio of synthetic credit derivatives based in various segments of the credit markets. Generally speaking, the book was positioned to generate significant returns during stressed or difficult credit environments and modest returns during more benign credit environments.

Mr. Macris had supervisory responsibility for the synthetic credit book, which was executed and managed out of London. The book was managed on a day-to-day basis by Mr. Martin-Artajo, who reported to Mr. Macris and who supervised the activities of the book's traders, including the principal trader, Bruno Iksil. Messrs. Macris and Martin-Artajo enjoyed reputations as experienced and highly-skilled managers who had extraordinary expertise in credit derivatives.

They also had a five-year track record of successful management of both the cash and synthetic credit books. I naturally relied heavily (and I thought appropriately) on their views and judgments concerning the synthetic credit book. I also relied on the analysis and judgment of the CIO Risk Management and Finance personnel assigned to review the positions in the synthetic credit book. I believed that such reliance was reasonable.

2012 developments in the synthetic credit book
In December 2011, in accordance with a Company-wide plan to reduce risk-weighted assets (RWA) in anticipation of the new Basel III capital requirements, and consistent with the widely-held view within the Company that the macro credit environment was broadly improving, I told Messrs. Macris and Martin-Artajo that the overall size and RWA of the synthetic credit book would need to be reduced over the course of 2012. I also emphasized to them that they needed to keep the book within all applicable risk limits, including value-at-risk (VaR), and that the book's VaR would need to be reduced over the course of 2012.

In January 2012, they informed me that because most of the book's short positions were in the relatively illiquid high-yield market, the most cost-effective near-term way to manage the book was to put on offsetting long positions in the more liquid investment grade market, thus moving the book towards a neutral or balanced position, rather than a large net short. They also explained that this situation would necessitate a one-quarter delay in RWA reduction as compared with what had been originally contemplated. This delay was approved by the Company's senior management.

Also in January the Company's independent Model Review Group, part of the corporate Risk Management organization, approved a new, and purportedly better and more accurate, value-at-risk (VaR) model for the synthetic credit book. The process of developing and seeking approval of the new VaR model had been pending since the middle of 2011. Although I, as well as the Company's senior management, was well aware that a new VaR model was pending, I had no involvement in the process of developing, requesting or approving the new model and no basis to personally assess the merits of either the new or old model.

In February Messrs. Macris and Martin-Artajo informed me on several occasions that they were in the process of moving the book to a more neutral position, that the book remained appropriately positioned and net short on a risk-adjusted basis, that the book remained within VaR and other relevant risk limits, and that they were continuing to work to try to reduce RWA. These same conclusions were reported to the Company's senior management in late February, as part of the annual CIO business review, during which Mr. Macris discussed the overall credit risk protection afforded by the book.

In late March, pointed concerns regarding the investment grade long positions were raised to my attention. I learned from Mr. Martin-Artajo that he believed that other market participants had learned of the CIO's investment grade long positions and were skewing market valuations by taking positions against the CIO. Soon thereafter, CIO Risk Management expressed concerns to me that the book's traders had recently purchased very large amounts of investment grade long positions.

Shortly thereafter, in a group videoconference that included CIO Risk Management personnel, Mr. Martin-Artajo reiterated his concern about other market participants skewing market valuations and recommended that the traders purchase even more investment grade long positions in order to counteract the skewed valuations. I immediately instructed Messrs. Martin-Artajo and Iksil to cease all trading of investment grade long positions. I also instructed them, along with Mr. Macris, to do a full review of the book, and to prepare a written analysis and plan for reducing the book going forward.

Over the course of the next few weeks, during which time the book experienced a few days of large mark-to-market losses, I and CIO Risk Management personnel received a series of reassuring analyses and conclusions from Messrs. Macris and Martin-Artajo. Indeed, throughout this period, I made successive requests of Messrs. Macris and Martin-Artajo for greater analysis and explanation of the book's positions.

Their responses were seemingly thorough and consistently reassuring. On multiple occasions, both orally and in detailed writings, Messrs. Macris and Martin-Artajo expressed their confident belief that, notwithstanding the issues that had been raised and the recent mark-to-market losses, the synthetic credit book remained properly balanced; the investment grade long positions were strategically appropriate; the recent mark-to-market losses reflected temporary market dislocations due to unsustainable actions by other market participants; and the losses would dissipate over the near term.

In addition, Messrs. Macris and Martin-Artajo provided several detailed written scenario analyses estimating, with high confidence, that the book's second quarter performance would range between a $350 million profit and a $250 million loss.

I have since come to learn - based on the Company's public statements in July 2012 and Task Force Report in January of this year - that valuations for many of the book's positions were inflated and not calculated or reported in good faith; that the original version of the second quarter scenario analyses reflected much higher projected losses and was specifically re-done before it was sent to me so as to reflect lower projected losses; and that some members of the London team participated in or condoned such conduct and hid from me important information regarding the true risks in the book.

I have also since come to learn - based on the same public statements of the Company - that the new VaR model was flawed and significantly understated the true risks in the book. Needless to say, I had no knowledge of these things at the time.

CIO Risk Management received all of Messrs. Macris and Martin-Artajo's written analyses and conclusions, including the second quarter scenario analyses. In addition, during this critical period I kept the Company's senior management apprised of the issues and the conclusions being presented by Messrs. Macris and Martin-Artajo.

Over the week leading up to the Company's April 13 earnings call, I made sure that Messrs. Macris and Martin-Artajo's written analyses and conclusions, including the second quarter scenario analyses, were distributed to senior management and that senior management had an opportunity to raise questions and issues directly with them.

My oversight of the synthetic credit portfolio
I believe that my oversight of the synthetic credit portfolio, including during 2012, was reasonable and diligent, and it was accomplished through multiple means. I relied on Messrs. Macris and Martin-Artajo, each a recognized expert on credit derivatives, to vet and supervise trading strategy and to keep me apprised generally on the trading and the performance of the book.

They did so through regular written reports from their team and numerous video, telephone and in-person conferences. I relied on the Company's formal risk metrics - in particular VaR, stress performance, and CSW 10% - to alert me to excess1ive risks, and I relied on CIO Risk Management to alert me to particular problems or concerns. I relied on the independent Model Review Group to vet the VaR and other risk models. Further, I relied on CIO Finance - in particular the Valuation Control Group - to ensure that the book's positions were valued properly.

When issues or concerns were brought to my attention during the first quarter of 2012, I responded forcefully and thoughtfully and ensured that the key people, including Risk Management personnel, were analyzing the issues and critically assessing the risks. I insisted that Mr. Macris and Mr. Martin-Artajo, the executive and manager with the greatest expertise and experience in credit derivatives, focus on and analyze the issues, assess future risks, and report back to me.

I ensured that CIO Risk Management personnel were fully engaged and provided their independent analysis and judgment. When pointed concerns were brought to my attention in late March, I made sure that key members of the company's senior management were fully informed of the issues, received the written analyses and conclusions coming from Mr. Macris and Mr. Martin-Artajo, and had a full opportunity to raise questions with the London team.

Ultimately, it appears that my oversight of the synthetic credit book during 2012 was undermined by two critical facts of which I was not aware at the time but have come to learn based on the Company's Task Force Report and other public statements: (i) the new VaR model was flawed and significantly understated the real risks in the book; and (ii) some members of the London team failed to value positions properly and in good faith, minimized reported and projected losses, and hid from me important information regarding the true risks of the book. I believe it goes without saying that it is extremely difficult, if not impossible, to oversee a portfolio under such circumstances.

Also, it appears that my oversight of the book was undermined by control failures by CIO Risk Management and CIO Finance. In particular, it appears that CIO Risk Management failed to properly understand and assess the risks in the book, and that CIO Finance failed to properly review the position valuations recorded by the traders.

Note 1: During the first quarter of 2012, CIO Risk Management included a manager, Keith Stephan, who sat with the traders in London, a more senior manager, Peter Weiland, who received daily reports with details of the positions and the trades, and a chief risk officer, Irv Goldman, who although new to that position had spent over a month in London in mid-2011 getting to know the London team and developing a better understanding of the synthetic credit portfolio.

I recognize that the Task Force Report makes certain management-related criticisms of me, but I respectfully disagree with many of those criticisms. For the reasons cited, I believe that my management of the CIO and oversight of the synthetic credit book was reasonable and diligent. It is also important to note that the Task Force Report itself lays out the critical factors - the flaws in the new VaR model and the deceptive conduct by members of the London team - that undermined my management and my oversight of the book.

My departure from JPMorgan Chase 
In late April of 2012, following a series of additional large mark-to-market losses in the synthetic credit book, it became clear to me and other members of senior management that the reassuring analyses and conclusions provided by Messrs. Macris and Martin-Artajo, including the second quarter scenario analyses, had been erroneous. This realization led to detailed reviews by Corporate Risk Management and other members of senior management, which in turn led to the Company's May 10 filings and its conference call with investors and analysts regarding the CIO losses.

I was, and I remain, deeply disappointed and saddened that such significant losses occurred in the business unit I oversaw, a unit I managed diligently and successfully for many years. Although asset-liability management, by its nature, involves regular ups and downs in both investment and hedging books, I had never before experienced a situation like this one.

Though I did not (and do not) believe I bore personal responsibility for the losses in the synthetic credit book, in late April I began to consider whether, for the good of JPMorgan Chase, I should step down and make it easier for the Company to move beyond these issues. In the wake of the May 10 disclosures I approached Mr. Dimon and told him that I thought it would be best for the Company if I stepped down. He reluctantly agreed, and shortly thereafter I submitted my retirement letter.

Similarly, although I did not (and do not) believe that I engaged in any misconduct, I offered to give up a significant amount of my recent JPMorgan Chase compensation, which I have done, in recognition of the size of the losses and my position as head of the business.

Since my departure I have learned of the deceptive conduct by members of the London team, and I was, and remain, deeply disappointed and saddened to learn of such conduct and the extent to which the London team let me, and the Company, down.

Looking back over my long career at JPMorgan Chase, I know that I - like the vast majority of the people with whom I worked - always did my job with integrity and care and always tried to act in the best interests of the Company. In the end, I left a job and a company I loved dearly, after 30 years of dedicated service, because of significant losses that occurred on my watch.

I thank you for the opportunity to submit this statement, and I will be happy to answer any questions you may have.

Commentary: here (15.03.13), here (15.03.13), here(15.03.13) and here (15.03.13). 

Obama - Israel - the new Pope: Can you discern by world events WHAT TIME IT IS??

Do current events, accompanied by dreams and visions (Matt 10:27) from the Lord God Jehovah, alert us that the beginning of the Great Tribulation is on our doorstep?

Scripture is being fulfilled before our very eyes IF we have eyes to see and ears to hear what the Spirit is saying ...................... 

March 16 2013

I received this following email today from someone on my mailing list. Even though I think it is foolish most times to set dates and come to a conclusion of who the beast might be, there is no question something significant has been happening in this season. I pray the Lord is about to arise and awaken His people out of their self and put us back on the road that is narrow and leads to Him!

email ....................

This morning I came across this dream that a person had.  It is stunning in it's implications. Here is the dream and the link so you can read for yourself what he/she said. And, no - I do not know the person's name.


Here is an excerpt:

"During the beginning of the year 2012 around February/March time frame I received a dream which I wrote down after I woke up. I must do this right after I wake up after receiving the dream because, if I don’t, I will forget the details of the dream….it’s happened before.

During the dream the LORD showed me a calendar. It was the Gregorian calendar and the months kept flipping swiftly into the future, so I tried to focus really hard. In my spirit I knew the LORD was going to show me something important. The first date the LORD showed me was specifically March 13, 2013. On that date, the LORD told me something would happen. In the dream I couldn’t really make out what He was telling me, so I don’t know what will happen on that day, but it was something of importance on a global scale. I also know that date is the 1st day after the New Moon of Nisan according to the Jewish Hillal II calendar.

The LORD then proceeded to show me yet another specific date. The date was March 25, 2013. This time the LORD did not tell me what would happen. Instead the event was written on that calendar space for that date, “Earthquake”. Apparently, there is going to be a massive earthquake that will be “globally significant” on that day. That is what I was led to believe in that dream. That date just happens to be the 14th of Nisan (Passover 2013) according to the Jewish Hillal II calendar. This date is also 2 days after the infamous Obama RFID chip date of March 23, 2013. Also there was a HUGE earthquake after Jesus was crucified on Passover back in the day, just so you know."

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As you can see, the election of the new Pope on March 13th, who we believe will be the false prophet, is truly a "globally significant" event and came to pass yesterday.

Now for the earthquake....................

As you know, Obama will be in Israel between the 20th and 22nd of March. BTW, the 22nd is exactly 1260 days from October 9th, 2009, when it was announced that Obama had won the Nobel Peace Prize.  From his own administration sources (see story posted at end of email), he has stated that he will demand a timetable for withdrawal from Judea and Samaria from PM Netanyahu.  I believe he will announce the mandatory enforcement of the Bush's Road Map which will divide the land into pre -1967 borders, to be completed by sometime early 2014.  He wants to speak with the citizens of Israel directly, which is in itself unprecedented. 

Does this scripture come to mind?  Daniel 11:32 "And such as do wickedly against the covenant shall he corrupt by flatteries:"  Obama will do this in an attempt to sell his "peace plan" to the people of Israel.  Bad news for the US for, when any US President does anything against Israel, all hell breaks loose here in the US in the form of tornadoes, hurricanes, droughts - an earthquake anyone?  (Mark 4:24  - Perhaps now is the time for the New Madrid to tear this nation in half, just as the US is demanding be done to tiny Israel - not even as big as the state of New Jersey.)  www.iris.org.il/sizemaps/new_jersey.htm ),     

Debka File: 

Al Qaeda’s Nusra fights to seize Syrian Golan in time for Obama visit


The Free Syrian rebels are moving rapidly to occupy the land vacated by Assad's army on the Golan heights that they intend to use this area to launch rocket attacks against Israel.  Guess who paid for the training and outfitting of these "rebels"?  You and I did under Obama's foreign policy.  Why is this important?  

Let's look again at Daniel 11:31 "And arms shall stand on his part, and they shall pollute the sanctuary of strength, and shall take away the continual sacrifice {i.e. the daily prayers at the Western wall, not a real altar with animal sacrifices going on}, and they shall place the abomination that maketh desolate." (Also check Dan 11:36)

The phrase: "and arms shall stand on his part" is also translated as "Forces from him will arise, desecrate the sanctuary fortress, and do away with the continual. And they will set up the abomination [fn]of desolation." Forces from who? From him, Obama, via the Syrian Free Army rebels who are actually Al Qaeda members, trained and equipped by the USA in Jordan.  They are purported to have captured advanced Syrian missiles with chemical warheads on them.  We believe this was by design so as to obscure who is really behind these events.  Should these forces fire these missiles and hit the Western Wall/Dome of the Rock area, that will cause the prayers to cease, which will then trigger this event described in Revelations 8:3-5:

3. "And another angel came and stood at the altar, having a golden censer; and there was given unto him much incense that he should offer [it] with the prayers of all saints upon the golden altar which was before the Throne." - Note: This has been ongoing since the capture of the Western Wall  on June 7th, 1967.  It is talking specifically about "PRAYERS", i.e. the CONTINUAL  of Daniel 11:31 by the Jews in Israel.  http://english.thekotel.org/cameras.asp

4.  "And the smoke of the incense, [which came] with the prayers of the saints, ascended up before God out of the angel's hand."

5.  "And the angel took the censer and filled it with fire of the altar, and cast [it] into the earth {when the prayers are stopped}: and there were voices and thunderings and lightnings and an earthquake."

We believe that the cessation of prayers at the Wailing Wall will bring about the Angel performing what is written in verse 5, and the earthquake spoken of here may very well be the earthquake shown to the individual in the dream mentioned above on March 25th, 2013. (A quake potentially as significant as the quake that will divide the US in half from Canada south in to the Gulf of Mexico as has been prophesied numerous times to the saints would occur if the US forces Israel to divide in half.)

March 25th, 2013, is Nissan 14, on the Jewish Hillel calendar and is the Day of Preparation for their Passover Seder that evening.  The Western Wall will be packed almost all day for prayers on this special day of the year. 

I pray that we are wrong about this, as this would be devastating in loss of life. The fact that the March 13th portion of the dream came true and the incredible synchronicity of events at this very moment in history compels us to alert you to the possibility of these indescribable events coming to pass shortly.  This would place the beginning of the Great Tribulation in the months of March/April of 2013.

The report quotes anonymous "Israeli sources."


-------------

Report: Obama Wants Timetable for Israeli Pullout

Unconfirmed report in World Tribune says Obama wants a detailed Israeli withdrawal plan from Netanyahu.
By Gil Ronen
First Publish: 3/4/2013, 12:32 PM
Reuters

U.S. President Barack Obama has demanded a timetable for an Israeli withdrawal from Judea and Samaria, according to an unconfirmed report by World Tribune.  The report quotes anonymous "Israeli sources."

According to the report, Obama, who is scheduled to arrive in Israel on March 20, wants Prime Minister Binyamin Netanyahu to present him with a detailed Israeli withdrawal plan during his visit to Israel. The sources said the Israeli plan "would be considered in what could be an imminent U.S. initiative to establish a Palestinian state in the West Bank in 2014."

“Obama has made it clear to Netanyahu that his visit is not about  photo-ops, but the business of Iran and a Palestinian state,” a source said. “The implication is that if Israel won’t give him something he can work with, then he’ll act on his own.

The sources noted that "Obama aides" have stressed that Congress supports the establishment of a Palestinian state as a U.S. priority.

“The Obama people are making this a litmus test of Netanyahu’s leadership and credibility,” the Israeli sources said. 

“Obama supporters in Congress have sent Netanyahu a similar message.”


(Note: Bear in mind that, in the RE-establishment of 'Israel" - which has ALWAYS been since the time that the Lord gave the land to His people, that the British divided the land, providing JORDAN as a 'Palestinian' state for those who wished to relocate from Israel to their own nation state of Palestine. It was the British who had re-named Israel as 'Palestine' as a form of humiliation and embarrassment to God's people.  Gen 35:12; Bun 32:32-42; Deut 31:3; 7;  

THOSE WITH EYES TO SEE AND EARS TO HEAR WILL KNOW THE TIMES AND THE SEASONS.  GET RIGHT WITH THE ONE TRUE GOD, JEHOVAH - REPENT AND BE SAVED FROM HIS WRATH.  (Rev. 2:17 & 29; Rev 3:6, 13, 22)
 

State Of Oklahoma Nullifies Supreme Court & Obamacare!


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State Of Oklahoma Nullifies Supreme Court & Obamacare!

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Standing as a bulwark of liberty, the Oklahoma House of Representatives passed a bill protecting citizens of the Sooner State from the unconstitutional provisions of ObamaCare.

By a vote of 72-20, the state House of Representatives passed House Bill 1021, a bill that if signed into law would stop the Patient Protection and Affordable Care Act (known as ObamaCare) at the borders of the sovereign state of Oklahoma.

The bill’s primary proponent is State Representative Mike Ritze (R-Broken Arrow). A board-certified family practice physician and surgeon, he is particularly aware of the threat to liberty and good health care posed by ObamaCare.

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In an exclusive conversation with The New American, Dr. Ritze reported that the debate in the House was passionate and included testimony from a partially paralyzed colleague who stands to lose his medical coverage as a result of the mandates of ObamaCare.
Ritze praised the speaker of the State House of Representatives, T.W. Shannon (R-Lawton), for resisting political pressure and placing the bill on the calendar, allowing it to be voted on by the body of the House.

Apart from protecting citizens from the oppressive provisions of ObamaCare, Ritze said his bill will protect Oklahomans from becoming subjects to a tyrannical central government, determined to consolidate all power in Washington.
Ritze recognizes ObamaCare for what it is: a federal attack on life, liberty, and property.

“There is no provision in Article 1, Section 8 of the United States Constitution where the states delegated to Congress the authority to make a citizen purchase health care or pay a fine,” Ritze said. “The Patient Protection and Affordable Care Act is an example of federal overreach and my legislation will authorize the state via the will of the People to ignore it and ban the enforcement of it.”
“They fail to understand how the country is supposed to operate,” Ritze added. “As Alexander Hamilton wrote in The Federalist, No. 33: ‘It expressly confines this supremacy to laws made pursuant to the Constitution.’ Alexander Hamilton got it right. Congress and the Supreme Court got it wrong.

Ritze’s reading of the Constitution is the same as that of the Founding Fathers.

The Supremacy Clause (as some wrongly call it) of Article VI does not declare that laws passed by the federal government are the supreme law of the land, period. What it says is that the “laws of the United States made in pursuance” of the Constitution are the supreme law of the land.

Supreme Court Roberts
 

In PURSUANCE thereof,federal government exceeds its delegated authority, as it has done with the passage of Obamacare, it is the duty of every state representative to defend the unalienable rights of the people of the great State of Oklahoma. I and others in the House and Senate intend to do just that with this legislation,” uot;sans-serif"; font-size: 10.0pt; mso-fareast-font-family: "Times New Roman";">

As Ritze indicated, Alexander Hamilton wrote in The Federalist, No. 33:
If a number of political societies enter into a larger political society, the laws which the latter may enact, pursuant to the powers intrusted [sic] to it by its constitution, must necessarily be supreme over those societies and the individuals of whom they are composed…. But it will not follow from this doctrine that acts of the larger society which are not pursuant to its constitutional powers, but which are invasions of the residuary authorities of the smaller societies, will become the supreme law of the land. These will be merely acts of usurpation, and will deserve to be treated as such. [Emphasis in original.]

Ritze understands that the states retain numerous rights under the Constitution, including the obligation to block unconstitutional federal usurpation of state sovereignty. “When the federal government exceeds its delegated authority, as it has done with the passage of Obamacare, it is the duty of every state representative to defend the unalienable rights of the people of the great State of Oklahoma. I and others in the House and Senate intend to do just that with this legislation,” declared Ritze.

Dr. Ritze and his colleagues in the Oklahoma state legislature stand on firm constitutional and legal ground in their opposition to acts of the federal government that exceed its constitutional authority.

The irrefutable truth is that not a single one of our Founding Fathers, not even the most ardent advocate of a powerful central government, would have remained a single day at the Philadelphia Convention if they had believed that the government they were creating would become the instrument of tyranny that it has become.

All state legislatures have an obligation to liberty and to their citizens to follow Oklahoma’s example and through the exercise of the 10th Amendment and their natural right to rule as sovereign entities, stop ObamaCare at the state borders by enacting state statutes nullifying the healthcare law.

The best defense of nullification is found in Thomas Jefferson’s Kentucky Resolution of 1798. In the Kentucky Resolution, Jefferson plainly points to the constitutional source of all federal power. Jefferson wrote, “That the several states who formed that instrument, being sovereign and independent, have the unquestionable right to judge of its infraction; and that a nullification, by those sovereignties, of all unauthorized acts done under colour [sic] of that instrument, is the rightful remedyquently nationwide speakn style="background: #FBD5B5;">Nullification is a concept of constitutional law that recognizes the right of each state to nullify, or invalidate, any federal measure that exceeds the few and defined powers allowed the federal government as enumerated in the Constitution.


This power is founded on the assertion that the sovereign states formed the union, and as creators of the compact, they hold ultimate authority as to the limits of the power of the central government to enact laws that are applicable to the states and the citizens thereof.

In the wake of the Supreme Court’s ObamaCare decision, supporters of American federalism are encouraged to see state legislators boldly asserting their right to restrain the federal government through application of the very powerful and very constitutional principle of nullification.

HB 1021 will now be presented to the state Senate where it is sponsored by State Senator Nathan Dahm (R-Tulsa). When asked byThe New American about the prospect for passage of his bill in the state Senate, Dr. Ritze said there is a 50/50 chance the bill will make it to the governor’s desk.

Joe A. Wolverton, II, J.D. is a correspondent for The New American and travels frequently nationwide speaking on topics of nullification, the NDAA, and the surveillance state. He can be reached at jwolverton@thenewamerican.com.
The New American
Photo By Rodney Pike
Photo By Rodney Pike
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