Friday, July 12, 2013

Evidence: Trayvon Martin was a Drug Dealer

Blogger explains why Trayvon Martin was carrying Skittles & "Tea"

Evidence: Trayvon Martin was a Drug Dealer




“While some people can consume DXM regularly without psychological consequences, others suffer from severe depression and psychotic breaks, even leading to a few cases of suicide attempts…”


This update, like several before it, does not stand alone.  To truly understand the depth of the research and background it is important to have first read Update #26 Part 1.  This Part 2 builds on the previous presentation of Trayvon Martin’s lifestyle choices and drug use connections.

This update is a creation of Treeper “Dedicated Dad“, who deserves full credit for investing numerous hours researching, learning, understanding and fitting the disconnected puzzle pieces together.   What we outline here was right in front of our face the whole time.  Yet we looked past it because we were in a position of ignorance about what we were looking at.  We just didn’t know.     Now however, it all comes together:


Several weeks ago, as further information and discovery came to the surface the whole framing of the original media narrative began to crumble, I stumbled over a reference to “DXM” in Trayvon’s Facebook history.
It’s nagged at me since, at various times popping to the front of my mind when Trayvon’s drug use was mentioned, was quickly lost to other distractions.   A couple of evenings ago it again came to the forefront of consideration.   This time I decided to dig in, do a little research, and see if there might actually be something to it.
What I found was frankly, quite stunning.   So much so that it literally made the hair stand up on the back of my neck.
After further reflection this drug use aspect may actually lead to the greatest understanding, and key, to the whole case.   Understanding exactly where the mindset was of both Trayvon Martin and George Zimmerman, and what influences are now readily available and out in the public forum, a number of questions are now finding answers about that evening’s events, most importantly what precipitated and led to Trayvon Martin’s approach toward being questioned by George Zimmerman.

So I suppose I should start by answering the obvious: “what in the heck is Dedicated Dad talking about”, and how would research answer questions about “intent”?

The substance of research was prodded by with this graphic of unknown attribution, dealing with the possibility that Trayvon Martin was not only an illegal drug-user, but possibly a drug-dealer.   (Large file version here).  While the “graphic” itself is unattributed, the content within the graphic was easy, at the time, to confirm with a quick review of Trayvon’s Facebook page and extensive work already done by the TreeHouse and multiple websites including Wagist.
Go ahead and review the whole thing, because while it most certainly is “controversial” it is also a good substantive fact-based background in Trayvon’s own words.   But, again it is only background,  and more information is needed for the rest of this discussion.  We will highlight some sections of it, from Trayvon Martin’s own words, throughout this explanation because it speaks to a “directional sense” in the lifestyle of an evolving teenager.

As I use these Facebook discussions from Trayvon I’m going to correct the ebonics unless it seems necessary to reference directly to the source.  Otherwise  I’ll do my best to interpret it into something people unfamiliar with nuance within a “cultural language” can understand.
Let’s begin about mid-way down the page on the left-hand side, where Martin says:
unow a connect for codine” or
“do you know of a connection for codeine”?
Trayvon is seeking a source for the prescription drug Codeine. Eventually we learn that he’s not seeking the pill form, but rather a “liquid” form, which he says he’s “had…before.”
His friend responds that he doesn’t NEED codeine – that he can just mix Robitussin and soda to make…
“…some fire @$$ lean.”
Our first question then becomes “What exactly is “lean”"?

WHAT IS “LEAN” ?



According to Urban Dictionary, “Lean” is described as follows:

“…  6. Lean is a mixed drink originating in the Southern Rap culture. It is a mixture of Promethazine and Codeine cough syrup and a soft drink such as Sprite (usually). While other soft drinks may be used, Sprite was the original.


There are some variations of Lean. For example, Promethazine and Codeine syrup is usually Purple in color. But there are other colors of syrup that work the same way. There is a golden-colored syrup (hydrocodone based) and other colors as well.
Lean slows you down. It makes you feel good. It’s meant to be sipped on, and it taste damn good. One of the best feelings you will ever experience. Euphoria with a hint of sedation. …”
Lean is also the drug mixture that killed Pimp C.  nigga pimp c died on an overdose of lean  (urban dictionary descriptive)

OK, so now we know Trayvon is seeking a source for a powerful cough syrup, commonly used in the ”drug culture or circle” to make an intoxicating drink called “Lean” – also known as the infamous “purple drank/Purple Lean/Lean/Sizzurp.”

Purple Lean, or Lean, is an intoxicating beverage also known by the namesleansizzurp, and liquid codeine. It is commonly abused by southern rappers and wannabe suburban teenagers. It is a mixture of Promethazine/Codeine cough syrup and sprite, or other beverage [such as Arizona Watermelon]  with a few jolly ranchers and/or skittles thrown in.


There are your “DXM”  ”Watermelon Lean” Ingredients


Arizona Watermelon Juice purchased from 7-11 included in the Crime Scene Photographsand incorrectly listed/discussed as “Tea” by Benjamin Crump, the media, and even police reporting authorities.

Promethazine with codeine, consumed in such large amounts as is popular with such southern rappers as lil wayneslim thug, and Big Moe, produces an opiate-like high that is potentiated by the Promethazine.
Promethazine by itself will not produce a high. The beverage must be sipped slowly, and not guzzled, in order to avoid unconsciousness and/or life threatening overdose.

But what does this have to do with Robitussin or “DXM”? Trayvon clarifies in his next message:
“codine is a higher dose of dxm”


As the conversation continues, Trayvon indicates that he plans to quit smoking marijuana because he doesn’t want to risk being busted or “roped”, because it is discoverable in drug testing, and possession of Marijuana is illegal…..  (Obviously he never did actually quit)


….. and further believes he can obtain the same high by drinking “Lean” .  But that’s not nearly as important as the fact that he’s clearly under the impression that prescription Codine is a stronger form of the drug DXM found in various versions of cough suppressant or cough medications.

So, what then exactly is “DXM“?

DXM” is an abbreviation for the cough suppressantDextromethorphan Hydrobromide — which is the active ingredient in the cough-syrup brand Robitussin.

According to numerous websites found with a search, DXM is increasingly being abused as a recreational drug.  One of the more scholarly and scientific sites found with in-depth analysis of DXM and its various uses is “Erowid.org“. According to its “FAQ”, Erowid is:

“…a small non-commercial organization that operates in the controversial and politically challenging niche of trying to provide accurate, specific, and responsible information about how psychoactives are used in the United States and around the world.    We are committed to protecting the privacy of contributors and reporting on the topic non-judgmentally. Although our primary focus is on the Erowid.org web site, we also provide research and data for other harm reduction, health, and educational organizations.”
In short, it’s a site filled with information on various forms of drug abuse, mostly to enable the abusers to do so with as little risk as possible.   It is not within the scope of this discussion to make any value judgements about this fact so we’ll continue our discussion – considering Erowid a valuable resource for our research and typical of the sort of information someone can easily locate on today’s Internet.
According to Erowid’s ”DXM Home Page“:

DXM is a widely available over-the-counter cough suppressant. When taken far above its standard medical dosage, it is a strong dissociative used primarily by teens.


Their “DXM Basics” page further makes clear that it is:

a semisynthetic opiate derivative which is legally available over-the-counter in the United States. It is most commonly found in cough suppressants, especially those with “DM” or “Tuss” in their names. It is almost always used orally, although pure DXM powder is occasionally snorted


At this point you’re probably thinking – as I did at first – “how bad can this stuff be if it’s available over the counter!”   However, as we’ll see, it’s actually startlingly dangerous stuff!


Erowid begins to hint at DXM’s seriousness in their “DXM Basics” discussion:
“…High doses … are sometimes compared to the effects of other dissociatives such as PCP or ketamine…”


This stuff is compared to PCP ?   This is no exaggeration! DXM in higher doses is actually a very volatile and dangerous drug, and they are quite right when theycompare DXM to PCP and Ketamine!
In fact, the drug has come to be known in some circles as “Poor-Man’s PCP!


Perhaps more importantly, unlike marijuana and many other drugs of abuse, DXM does not cause sedation, and in fact can produce profound agitation  hence the comparison to PCP.    

In the  “DXM Basics – Problems” section, Erowid notes:

“…DXM causes physical and psychological effects that may be frightening or unpleasant… Psychological effects can include profound disorientation, depression, a feeling of personal disintegration, or a feeling of “unreality” and disconnection that may persist for days. Chronic use may cause depression, psychological dependency, and possibly brain damageLarge doses may be associated with psychotic breaks…”

It was at this point that I first noted the feeling of the hair standing up on the back of my neck – but this sensation would become much more common and pronounced as I continued reading and gaining understanding.
One of the best sources I’ve found for DXM info is Erowid.org’s “DXM Vault.” One article in particular was especially helpful – “The DXM FAQ by William E. White – Version 4“,  published at the previously linked site Erowid.org.


This document is, to be blunt, written for “recreational users” of DXM – those who will use it “to get high.” I will refer to “recreational use” by its proper term: Abuse.
In the document’s “Introduction”, the author notes that as the number of people abusing DXM has grown since he published the first version of his FAQ, so to the number of adverse effects and problems has also grown:
“… A few people, on the other hand, seem to be greatly susceptible to DXM addiction and some of these have suffered long-term health consequences. A very few may have suffered permanent brain damage from extremely heavy use of DXM (e.g., an 8oz bottle of Maximum Strength syrup every day). On the other hand, some people consume the same amount for years seemingly without consequence.

And while some people can consume DXM regularly without psychological consequences, others suffer from severe depression and psychotic breaks, even leading to a few cases of suicide attempts…”


He goes on to note the growing indications that there is a possibility of a phenomenon called “NMDA Antagonist Neurotoxicity (NAN)” – microscopic holes in the brain called “Olney’s Lesions.”
Perhaps with the understanding that Trayvon used “Lean” to get high the Medical Examiners notes in the autopsy of Trayvon’s brain cultures now have a new light shed upon them.

For these reasons, the author points out, ”as of the time of his writing  (coincidentally in 1995, the year Trayvon was born!) there just wasn’t any significant quantity of medical research into the long-term effects of DXM abuse, which he hopes (unsuccessfully, as it turns out) will be resolved in the following years, and notes “…Until then, my official recommendation is not to use DXM at all!
Of course he knows people will not stop using, so he goes on to express his “own personal belief that DXM is probably pretty safe when used occasionally (e.g.,once or twice a monthat the lower plateaus, and rarely (e.g., once or twice a yearat the higher plateaus.”
Mr. White then gives hints at the otherwise unclear “data” he’s gathered by saying “I have yet to hear from anyone who used DXM with this or less frequency who has suffered any impairment, temporary or permanent.   Actually, to be technically correct,nobody using it once a week for less than six months has ever seemed to have problems, but it’s always best to keep a wide safety margin…”
Unfortunately, teenage boys, especially those from within Trayvon’s cultural demographic, are not known for their temperance, much less “keep[ing] a wide safety margin.
To the contrary, it’s likely that a young man like Trayvon would consider Robitussin an easily obtained standby for times when marijuana was unavailable.  In his own words he has already expressed his opinion that it gives him “the same vibe” – and he is in fact likely to PREFER the DXM as it’s less likely to get him “roped” (busted).
Subsequently a rational framing would be the odds of him limiting his use to “once a week for less than six months” is highly unlikely.   We know from his own words to his friends that Trayvon has used DXM as far back as June 2011.
Even more troubling, the author goes on to note:
“Another thing to keep in mind is that DXM in the upper plateaus is a considerably different experience than the lower plateaus, and may be better suited to spiritual or ritual use. Even at the lower plateaus,DXM is not really well suited as a frequent recreational drug
… In summary, I’m not nearly as convinced that DXM is a benevolent psychedelic as I used to be. It is in many ways considerably more powerful (and certainly more dangerous) than LSD or mushrooms. Like all psychedelics it can profoundly change you; unlike others, these changes are not necessarily under your control, especially if you are not very familiar with yourself.
I don’t think there are too many people less “familiar with themselves” than teenagers whose sense of ”self” is still highly formative.  The concern from this discovery was growing quickly, but this next section really took the feeling of concern to entirely new heights:
DXM can be a great tool for spiritual rebirth, but it can also turn you into a paranoid, antisocial asshole… It is a unique and uniquely powerful mind-altering drug, and one which I think most people would do best to avoid. “
In short, the “drug-user world’s” foremost “expert” on DXM abuse is clearly advising against regular, chronic use for some very good reasons.   But if a teenager like Trayvon were even aware of such a recommendation what degree of confidence would there be that the would actually heed it?  Remember, this is a young man who thinks “codeine is a higher dose of DXM” and is actively seeking to find it.
Therefore, the odds of him accidentally and naively stumbling into enough of a habit to render himself “A paranoid, antisocial asshole“, in the words of Mr. White, are probably quite high.
But… Let’s read on!

Physiology of DXM / Lean Use

We know from Trayvon’s own words that he’s experienced “lean” – and since he knows what DXM is – but thinks the promethazine/codeine cocktail is “a higher dose” then he’s also experienced DXM, at least at a “lower plateau.”
In answer to the question “What’s the DXM Trip Like” the author says:
“Well, that depends on how much you take. There are four different kinds of experiences, based on the dosage; these are called plateaus.
The first plateau is a mild stimulant effect with a little bit of a buzz, and has been compared to MDA [a more psychedelic cousin of MDMA -aka-"Ecstasy"].
The second plateau is more intoxicating and has been compared to being drunk and stoned at the same time.
The third plateau is dissociative, like a lower dose of ketamine.
The fourth plateau is fully dissociative like a higher dose of ketamine.
You should not [emphasis original!] attempt higher plateau doses unless you have someone with you who can take care of you in case you get sick or freak out. It happens on DXM.
Many things can happen unexpectedly on upper plateaus, such as spontaneous memory recall, complex delusions, hallucinations, out-of-body experiences, near-death experiences, and perceived contact with spiritual or alien entities. You need to be pretty stable and grounded before you can handle these things“.
“Stable and grounded” would not describe the behavioral or social pattern of Trayvon Martin who was moved from house to house, parent to parent, and surrounded by a litany of on-again, off-again, relationships from his parent’s partners.    Could a “complex delusion” or “hallucination“ perhaps elicit a paranoia ”tracked” by George Zimmerman?
One thing is sure – young Trayvon was CLEARLY ANYTHING BUT  ”STABLE AND GROUNDED” in both his physical and emotional address.
In another section – Is DXM Dangerous” – the Author again makes note of the possibility of “bad trips…psychotic breaks…psychological addiction and depression and irreversible brain damage“.
To repeat the obvious, THIS IS VERY VOLATILE, DANGEROUS STUFF  especially in the hands of an impulsive, cognitively immature, and adolescent  minded individual like 17-year-old Trayvon Martin.
One of the problems with DXM is that with long-term or regular use  “most of the pleasurable effects of DXM tend to go away … Tolerance can build rapidly, leaving one only with a general sensation of being high and stupid.
In young and impulsive individuals, this can lead the person to take higher doses, looking for the same “vibe“, and thus accidentally lead the individual to find themselves on a much higher “plateau” than they intended.
Lacking both the knowledge and experience to understand what is happening to them, and the skills or assistance needed to deal with the ”surprise” effects,  an ungrounded teen can suddenly find themselves in a dangerous – even potentially fatal – situation!
The “FAQ” lists the following “Risks” (among others):
§  “Major Risks of Occasional Use:
§  Panic Attacks
§  Psychotic Breaks
§  Impaired Judgement in Critical Situations (!!)
§  “Risks of Regular Use and Binges:
§  Mania
§  Violent Ideations, Antisocial Behavior and Paranoia
§  Habituation and Psychological Addiction
§  Tolerance and Physical Addiction
§  Psychosis
§  Liver, Kidney and Pancreas Damage
At this point it is highly important to remember, or refer to, the coroners report about Trayvon’s Liver?  (a screen grab is below)
In addition to the risks of DXM itself, many DXM-containing products contain other active ingredients that can be dangerous. Common additives include acetaminophen (Tylenol), which can cause fatal liver-damage in large doses.   Products containing Chlorpheniramine Maleate such as Coricidin Cough and Cold should especially be avoided.   See DXM Healthfor more information.

When you take acetaminophen, [such as would be used in making Purple/Watermelon Lean]  your liver breaks it down into a substance called N-acetyl-p-benzoquinone imine, or NAPQI, which is toxic to your liver  [...]  Your liver contains an antioxidant called glutathione that can keep NAPQI from causing damage, but too much acetaminophen reduces glutathione and leaves your liver open to harm [...]  acetaminophen only causes liver damage if you take more than your body can handle.

These post-mortem symptoms of DXM use would also mask themselves as a variety of causes for ‘mild fatty metamorphosis of the liver’ if you were not specifically knowledgable of the subject’s history.   Obviously in this example neither Tracy Martin, nor Sybrina Fulton would be informing the Medical Examiner of prior drug use.
We can confirm from his Facebook and Twitter Accounts that Trayvon had essentially been “sippin sippin” (using Lean or DXM) for at least a year, perhaps longer.  It would appear from the Medical Examiners report Trayvon’s liver was showing the early indicators of excessive use consistent with such a timeframe.

Psychology of DXM Use




“…Be very careful in trying to restrain the tripper, since she orhe may perceive this as a threat, and will probably be mostly immune to pain...the tripper, like a cornered animal, could beat the living shit out of you without thinking twice. (!!) …”

So, where does all of this lead?  At this point, after reviewing all the information, it appears quite probable that a pattern of drug cocktail use specifically led to the mindset, or psychological environment, between George Zimmerman and Trayvon Martin on the night of February 26th.
The tone or hostility of the encounter, and Trayvon’s response to being confronted, would more easily be understood against the backdrop of the discovery for his prior drug use; and more specifically the types of drugs being used.
It is quite possible that Trayvon Martin – experiencing the tolerance effects caused by chronic use of DXM - potentially took a larger dose of DXM than he’d had before,  or at the very least was recently indulging himself in an admitted actitity.   Maybe even suffered a “psychotic break”, but at least the behavioral paranoia and psychological stress consistent with the use of long-term DXM use might have to a physical and psychological reaction to questions by George Zimmerman, and ultimately to his aggressive response.
Trayvon would not necessarily have needed to be under the “immediate influence” of the “trip” at the time (Robotrippin’), he could just as easily have been preparing for his next “trip” while still holding the long-lasting effects from prior use.   The timing of prior use may contribute to his emotional state, or the cumulative effect could have been a contributing factor.  Both are just as potentially dangerous.
If however, Martin was in the midst of a stress induced ”psychotic break”, or under duress exacerbated by George Zimmerman’s “eyeballing him“, well, then, there’s really nothing George Zimmerman could have done once the confrontation began.   Any confrontation at all could have led to the same outcome.
The FAQ advises a “Tripper’s” “Safety Person” to:
“…Instead of restraint, try talking him or her down. Be calm, soothing, and repeatedly remind the tripper that they have taken a drug which has critically impaired their perceptions. Remind them of who they are and how they got here, and that the experience will end…”
That sounds great, on paper, - except for the fact that George Zimmerman had no idea Trayvon Martin was potentially “Robo-tripping“, and it’s rather difficult to “be calm, soothing” and so on when the “tripper” has already snapped and is busy “beat[ing] the snot out of you without thinking twice!!

Common Sense

We know from Trayvon himself that last summer, between the school years, in or around June 2011, Trayvon was engaged in DXM/Lean and Marijuana use.   We also know there are multiple behavioral side effects from DSM/Lean use.   Those side effects and impacts on cognitive judgement increase with prolonged exposure.   The more you use, the worse the psychological affects are.


Now consider this in the developing physiology of a teen in the full hormone raging puberty phase of 15/16/17 years of age and you can magnify those psychological and physiological effects exponentially.
Hormones = Sex = Teenage boy normal.
Hormones + psychotic psychological addiction from DXM/Lean drug effects = Super Aggressive Sexual Thoughts, actions, expressions. Teenage boy NOT normal.


It would be intellectually dishonest to frame as coincidental or disconnected that he apparently started seriously engaging in the DXM/Lean/Pot culture in the summer break of 2011 ;  and then was suspended from school three times for behavioral issues in the very next school year.   A rapid downward progression would be an inevitable outcome from frequent use of DXM and Marijuana. 


Trayvon also subscribed to the U-Tube feeds  of drug use, drug culture, street violence and activities in this same Summer between school years.   Not accidentally in the same timeframe he gained significant interest in MMA style street fighting.   This is not at all just random coincidence.  As we have meticulously outlined aggressive anti-social behavior is a specific, frequent, and documented side effect from DXM/Lean use.

Trayvon was admittedly, according to his Facebook conversations, a user of DXM and Purple Drank/Lean since at least June 2011.   He was also an admitted smoker of Marijuana which was found in both his urine and blood tests.   His liver indicates the beginning stages of an unusual degrading known as “mild fatty metamorphasis”, and his brain tissue appeared compromised, both conditions symptomatic of DXM use.
In addition he was suspended from school three times in the past seven months  prior to the shooting for behavioral issues.  He was detached from adult supervision at the time in question, in a relatively unfamiliar place, and according to his father Tracy Martin, grounded.   His girlfriend describes their phone call as Trayvon being “paranoid”.
Trayvon makes a trip to the store and buys two of the specific three ingredients needed to blend a drug cocktail he was well versed in making (Lean).  And appeared slightly exagerrated, tenuous, and wobbly (swaying) when you objectively review his physical movements on the video of the store during the purchase.
He was a little more than a half a mile from home (Brandy’s house), yet he left the store at 6:24 and was first noted at the clubhouse at 7:09pm.   If he intended to go straight home from the store, and under normal cognitive capacity, he should have made the 1/2 mile trip in well under 30 minutes, well under.
The facts, and new understanding, as it now presents itself, would certainly lend weight to the strong possibility that Trayvon Martin was motor impaired, or at least influenced, by some altering condition.   At the very least this bears considerable merit for further inquiry, and a serious toxicological analysis for an understanding of exactly what metabolic influences may have been in place at the time of the encounter between George and Trayvon.
The toxicology review should specifically look for trace evidence and levels of DXM agents in his system.  Both to understand if he was robotrippin’ at the immediate time of encounter, as well as if longer term use created a cumulative effect, and was a contributing factor in his physiology or state of mind.   One such well known, and well documented side-effect is “anger”, or, “violent temperment”.
§  7-11 Store Check out time 6:24pm  -  Shooting 7:17pm
§  53 minutes from the time Trayvon left the store to when he was shot.
§  53 minutes to travel .60/mile
Zimmerman: Hey we’ve had some break-ins in my neighborhood, and there’s a real suspicious guy, uh, [near] Retreat View Circle, um, the best address I can give you is 111 Retreat View Circle. This guy looks like he’s up to no good, or he’s on drugs or something. It’s raining and he’s just walking around, looking about.
By Dedicated Dad  – Now knowing all of this information, take a closer look at the new discovery for what REALLY happened at the 7-11 on the night in Question.    This too, opens eyes to a FAR GREATER UNDERSTANDING.

--

A Major Bank Makes a Freudian Slip About the Dollar

A Major Bank Makes a Freudian Slip About the Dollar

Wells Fargo just had a Freudian moment.  A dollar tomorrow is worth less than a dollar today.

By Jeff Berwick
Dollar Vigilante
July 11, 2013
The cognitive dissonance about the dollar never fails to amaze me. People know in their bones that their dollars will be worth a lot less in the future…yet they continue to trust and cling to the dollar as a store of value.  They invest in things denominated in dollars that pay interest well below the rate of inflation.  Or they go for all out gambling in the stock market to have a hope of outpacing inflation enough to build a tiny bit of wealth to leave to their grandkids. 
Commodities like copper with an industrial demand may fall in price — even drastically — in the midst of a global depression. But the 30% or so drop in the price of something like copper will be running hard against the US government’s need to inflate away the value of the US dollar by having the Fed create new money to buy up more and more government debt. Inflation tends to outpace falling prices due to falling demand.  The folks at Wells Fargo understand this and seem to be trying to help clear up some of the public confusion. 
The funniest part of this advertisement is that the essential truth it spoke was unintentional.  The unwitting ad copywriter from Wells Fargo likely meant to tell you that if you invest in “other things”, your money will be worth more tomorrow.  But what actually ended up happening is that he spoke the truth about the dollar… and the entire fiat currency system.
This graphic says it all.
Anyone notice something interesting in that chart after around 1971?  Something interesting like what that Asiana airliner did in San Francisco last week but in the opposite direction?
And that is just an estimate of the Consumer Price Index as defined by the US government… which of course is completely hedonistically adjusted!  
Wells Fargo just had a Freudian moment.  A dollar tomorrow is worth less than a dollar today.
It’s actually designed that way.  Why most people still don’t know it is a mystery to us.  Buy gold. Buy silver. Gold and silver are commodities…but they are also monetary metals.  They have been used as money for thousands of years and even the most brainwashed monopoly fiat money victims will catch on when things get bad enough. 
Those brainwashed victims aren’t ready to catch on just yet, however.  Right now they’re buying the story the government tells the mainstream media to spread: the money supply inflation unleashed by the Fed has worked…The recovery is on! So the masses aren’t looking to gold and silver anymore since they’re no longer worried about the health of the economy. So gold and silver prices have taken an enormous beating. 
Gold 30-Day Chart
Silver 30-Day Chart
But the masses will soon find out that they’ve been fed lies. Then they’re really going to wish they’d paid more attention to this quote from Irwin Schiff:
“All of the government’s monetary, economic and political power, as well as its extensive propaganda machinery, will be enlisted in a constant battle to drive down the price of gold – but in the absence of any fundamental change in the nation’s monetary, fiscal, and economic direction, simply regard any major retreat in the price of gold as an unexpected buying opportunity.”
This is an almost embarrassingly obvious opportunity to snatch up gold and silver before the inevitable happens and the government and central bank destroy the monetary system with inflation-fueled debt. So I repeat: Buy Gold. Buy Silver. 
But if you acquire significant amounts of gold (and silver) — amounts large enough for a desperate thug like the USSA government to notice — then leaving them in the USSA is as good as putting them in the government’s hands. Be sure to protect your gold by getting it out of Dodge. Learn how to Get Your Gold Out Of Dodgewith the report of the same name. You can learn more about getting the report here…or you can get it free when you sign up for all the macro analysis and actionable advice in the TDV subscription newsletter
Get your assets out of the Western financial system before it completely collapses. And get your ass out from the Western world, too, into a freer, more prosperous place — like Latin America, specifically Galt’s Gulch, Chile . And also be sure to get yourself much better slave papers (citizenships and passports). It’s essentially impossible (sadly) to be stateless in this world. But at this point the non-Western states are much better plantations to belong to than the Western ones.
*****

One Single Petition Could End OBAMA-CARE “HR 3590”





One Single Petition
Could End OBAMA-CARE “HR 3590”


ARE WE READY TO RUMBLE?
“Obama-care was ruled unconstitutional, not once, but twice!
The U.S. Constitution is specific… all revenue creating bills must originate in the House of Representatives.
There are no less than 19 violations of the U.S. Constitution contained in Obama-Care (HR 3590).”

Commentary by:
Mr. Nicholas Purpura

What prompted me to write this article is the continual moaning over Obama-care. Listening to talk radio, the topic of the day was the “Death Panels”. Yes, there is a death panel that not even Congress has the authority override in the current legislation. It’s time for a wake-up call!
What if I told you, Obama-care was ruled unconstitutional, not once, but twice! Yes twice; and not a single legal scholar, attorney or judge has had the courage to publicly or legally reveal this to the nation.
It is my intention to be deliberately insulting to get everyone’s attention and at the same time embarrass the reprobates in Congress that failed in their fiduciary duty to read the “Bill” and especially publicize the charade by the 26 Attorneys General who supposedly represented the citizens of their respective states.
Obama-care by law, could have been legally abolished following the ruling in Florida by the Hon. Roger Vinson. In fact, it could still, even now, be eliminated in one simple legal action. Please read on and you will understand my disdain for our despicable legislators.
One would think that 26 Attorneys General who had instituted a multi-state legal action against Obama-care, would be well versed in constitutional law. If one did think that, he'd be mighty wrong. Instead of being powerful legal eagles, these 26 AG's proved to be nothing more than useless “yellow” canaries. Not a single one of those morons realized or possibly even cared, that if followed up, the above mentioned ruling by Judge Vinson in the Florida v. U.S. Department of Health &Human Service, would have effectively ended Obama-care
The fact is, both sides of the Health-care controversy requested the court address the legislative history of the bill. Justice Vinson concluded and set forth in his decision that the “bill” originated in the U.S. Senate. His Honor also stated that the bill contained taxes, thereby sealing the fate of Obama-care. By law, his ruling, rendered the bill unconstitutional.
But did any of the 26 AG's bother to present this evidence to the Supreme Court? Understanding the cost and time and effort that had been expended on this law suit, it is astonishing that they either overlooked or ignored that ruling. Incompetence and buffoonery really cannot address this. The only thing that does make sense, is the lawsuit they collaborated in, was just a charade to display in front of their constituents. What else could describe why they would ignore truly potent ammunition when it was handed to them on a silver platter?
On appeal before the U.S. Supreme Court, that disparate group of black robed extorted pretenders and leftist ideologues, also ruled that Obama-care contained new taxes. For a second time, the door to the pathway of ending this legislation was left open. But not one AG had the courage to proceed through the threshold.
The fact is, all three levels of the Federal Court system either failed or refused to apply the clear and convincing evidence standard. That application is termed “law of the case”. Justice Vinson, established the ‘law of the case” when he found that Obama-care, originated in the Senate.
Where have I been going with this? Once again our Founding Fathers, in their brilliance wrote into the Constitution a means to halt tyranny. The U.S. Constitution is specific concerning which body of Congress has the authority to institute legislation that creates a new tax. It is unambiguous and explicit. All revenue creating bills must originate in the House of Representatives.
Here is how its written:
Article 1, section 7, paragraph 1 …all revenue bills must originate in the House of Representatives. No provision exists that grants the Senate authority to originate a revenue raising bill.
Even more frustrating, the Court was informed that Congress was guilty of fraud in the passage of this legislation. With “fraudulent intent’ the House took an unrelated House Bill –HR 3590, titled the “Service Members Ownership Act of 2009” extracted the entire contents and replaced it with the Senate version of ‘Healthy Future Act' (S 1796) a precursor of the Act giving it the appearance of legality. Thereafter, behind closed doors they renamed the “Service Members Ownership Tax Act of 2009” and then re-titled “Patient Protection and Affordable Care Act” surreptitiously to acquire a “House Designation Number”.
Two additional facts on why this was done quickly and illegally. First, the Democrats were fearful of a Republican filibuster following the election of Scott Brown (R), who replaced Senator Ted (the swimmer) Kennedy. Second, both the Senate and House were fully aware they were circumventing the law. Approximately a month prior, the Senate drafted (S 510) which contained revenue raising provisions and that bill had to be rewritten by the House of Representatives.
Following the Supreme Court ruling, not one of the 26 Attorneys General followed up or even took the time to respond to a letter prepared by www.TPATH.org (*see copy of letter below) informing them of the tax raising violation,.
Also, the Hoodlums in Black-Robes in the NJ District, Third Circuit and Supreme Court of the United States refused to address the evidence that proved Obama-care was unconstitutional. So you may ask, why the heck will no one bring a legal action. This issue is still ripe for review. As they say, blackmail and corruption are a way of life in Washington D.C.
Echelon, PRISM and the NSA, just might be controlling factors.
America! A midterm election in 2014 is around the corner. Is it not time to throw every incumbent out of office and elect men and women of moral character?
I leave you with the words of Nikita Khrushchev:
You Americans are so stupid that we can spit in your eye and you think it is falling dew.” 
There are no less than 19 violations of the U.S. Constitution contained in Obama-Care “HR 3590” and my previous invitation to every law professor, judge, and attorney still stands – Do you have the courage to publicly debate me? I think not, since I have put forth this challenge since 2010.
Please call your Representative and ask if what you read here is true,
and just what the heck they are going to about it!

* Copy of letter TPATH sent to the 26 AG's just days after the Supreme Court ruling.
July 1, 2012
Dear State Attorney General,
The Supreme Court ruling this past week which declared the bill known as Obamacare to be constitutional was as shocking as it was egregious.  If the Republicans do not get control of the Senate and or if Obama is re-elected, this country may never recover from the scope and breadth of this bill.

It will do no good to spend any time wondering why Justice Roberts ruled as he did.  Nor will it serve any endeavor to use valuable time name calling and venting.  What we need is a plan, beyond the expectations of November, and we need to implement it quickly.   

I just finished watching three state AG's on Huckabee's Fox program (you know who you are) as they discussed possible plans for continuing the fight.  It had been my hope that Article I of the Constitution would come up and be discussed. Alas, it did not. As a result TPATH has decided to contact each of the 26 State AG's in an effort to get some attention on the breach of Article I, Section 7.

As each of you are aware, this ruling can be challenged if it is done so with in 30 days of the ruling.  That will give you until Friday, July 27th to join together with a formal appeal and official notification.  From what I understand, an appeal can be made provided there is new evidence which was not considered or litigated during the process.

The basis for new evidence was produced by none other than Chief Justice Roberts, himself.  His opinion and ruling that  the healthcare bill was a tax bill, brought new evidence to the law suit. In fact, its now the law.  SCOTUS says its a tax bill.  So, its a tax bill.

It is the opinion of TPATH as well as all of our researchers and contributors, immediately upon ruling Obamacare a tax bill, Roberts could have and probably should have, ruled it unconstitutional under the constraints of Article I, Section 7 of the Constitution.

Just a small review of the history of the Senate Healthcare bill which is the one being challenged.  This bill was written and produced by the Senate and by use of reconciliation passed it on to Obama's desk.  So not only was this bill not produced by the the House of Representatives as required by Article I, Section 7, but it was never voted on by the full House.

The bottom line is, the Healthcare Bill was deemed unconstitutional, in its entirety, the instant that Roberts declared it a tax bill.  Taxes cannot be raised by the US Senate.     

TPATH hopes you will take this into consideration. This fight to save America from this over reach of the Federal Government, is not over.   

Regards,
Dwight Kehoe
www.tpath.org


**********

JP Morgan's "Ooops" Chart... Or All Praise FAS 115

JP Morgan's "Ooops" Chart... Or All Praise FAS 115

Tyler Durden's picture
Submitted by Tyler Durden on 07/12/2013 08:18 -0400

We broke down JPM's conventional earnings picture earlier (which was not pretty in any way with NIM plunging, mortgage business slowing down, and trading revenues down from last year), however the real story is not in any of the traditional P&L items but in a little discussed line item released in the earnings supplement called Accumulated Other Comprehensive Income (AOCI), which is the last remaining vestige of Mark to Market.
As we reported two weeks ago, it is here that the recent surge in yields would flow through to impact JPM's duration-exposure, and while it may not be hitting Net Income courtesy of a very pliable accounting board which several years ago came up with FAS 115 allowing the classification of securities as Trading, Available for Sale and Held-To-Maturity, it does impact net equity. Sure enough, as we showed a few days ago in "Taper Fears Lead To Biggest Monthly Loss In Bank Securities Portfolios Since Lehman", JPM just reported the biggest hit to its AOCI line since Lehman, which plunged from $3.5 billion to a miserable $0.4 billion. All we can say is hurray that Mark to Market is dead.


Putting this number in context, JPM's entire Q1 Net Income was 6.5 billion. If accounting still worked as it should, half of it would have just been wiped away.

Putin's short speech!!!

Putin's short speech!!!

It's a shame that we need to hear this from the Russians; This should be coming from our President; The individual occupying the White house would not have the guts to make this speech!!!  

 
Putin’s Speech on Feb. 04, 2013

This is one time our elected leaders should pay attention to the advice of Vladimir Putin....
how scary is that?

On February 4th, 2013, Vladimir Putin, the Russian president, addressed the Duma, (Russian Parliament), and gave a speech about the tensions with minorities in Russia :
"In Russia live Russians. Any minority, from anywhere, if it wants to live in Russia , to work and eat in Russia , should speak Russian, and should respect the Russian laws.  If they prefer Sharia Law, then we advise them to go to those places where that's the state law.  Russia does not need minorities.  Minorities need Russia , and we will not grant them special privileges, or try to change our laws to fit their desires, no matter how loud they yell 'discrimination'.  We better learn from the suicides of America , England , Holland and France , if we are to survive as a nation.  The Russian customs and traditions are not compatible with the lack of culture or the primitive ways of most minorities.  When this honorable legislative body thinks of creating new laws, it should have in mind the national interest first, observing that the minorities are not Russians.
The politicians in the Duma gave Putin a five minute standing ovation!!!

If you keep this to yourself, you are part of the problem!!!



Putin ousts another puppet of the Western Nazi continuum

FRIDAY, JULY 12, 2013

altnews10#1ab

http://alcuinbramerton.blogspot.com/2013/07/altnews101ab.html
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Picture: Putin ousts another puppet of the Western Nazi continuum (Morsi)

In the corridors of Western power, Vladimir Putin is not popular. He has a disconcerting habit of getting things done. Putin, a Russian patriot, started to reshape covert geopolitical power structures when he and his colleagues moved to stamp out the influence of the Rothschild and Rockefeller syndicate maggots at work inside Russia after the collapse of the Soviet Union in 1989-90.

These parasites, mostly oligarchs, mummy-got-me-ready chess players, and P2 Lodge mafia proxies, were agents of the G7 Nazi continuum. Their aim was to secure Russian oil and gas to prop up the US petrodollar Ponzi nexus. They failed and, from 1998 onwards, Vladimir Putin made sure that they failed publicly.

Just as the Soviet Union was deliberately collapsed by the G7 élite syndicates, it had been deliberately constructed to fail by a previous generation of those same puppeteers many decades earlier.

The EuroZone was another bankster toy. Manufactured to launder unbacked fiat paper currency to Asia, it is now being collapsed by the very same banksters who set it up in the first place.

In Western fractional banking, it doesn't matter whether you build up or whether you smash down; you make big money each way and in the process you generate useful debt to control sovereign treasuries. After each collapse there is a fire sale. If you're a banker, you don't just buy the dips; you create the dips. Money is the mechanism which makes people poor.

With China and one hundred and eighty other BRICS alliance nations, Putin's Russia is teaching the G7 Nazi continuum a rather obvious lesson: fiat paper currencies are not money; gold is money.

What is happening worldwide now is that the BRICS nations are accumulating gold and beginning the process of freeing up the trillions (some say quadrillions) of dollars' worth of suppressed gold held outside the markets in the Global Collateral Accounts.

The G7, scenting the inevitable capitalist end-game, is rushing around trying to counter the BRICS alliance initiatives by rigging the markets to keep the price of gold down, by printing trillions of new fake dollars and euros on QE computer screens, by squeezing Western taxpayers with a media-backed austerity charade, and by accumulating off-ledger black-screen accounts which contain impossibly vast quadrillions and quintillions of notional syndicate wealth such as that found in the Committee of 300's White Spiritual Boy and Spiritual Wonder Boy accounts. Moreherehere and here.

Some say it all started with the Monaco Accords in August 2011; others say it started with the World War Two victors' carve-up at Bretton Woods in 1944. Still others say that it died with America's assassination of her own President in Dallas, Texas, in November 1963. John F.Kennedy had become too friendly with M1 in Indonesia for Shylock's liking. For the greater good of Western banking, it was time for him to die.

What has all this got to do with Putin and Morsi in Egypt in 2013? Everything. It's the same battle: the G7 banking syndicate versus the rest of the planet.

The outfit expediently fronted by Mohamed Morsi in Egypt, and now called the Muslim Brotherhood, had its origins as a terrorist organisation founded by the Nazis just before and during the Second World War. It was created by the Third Reich to provide uncritical cannon-fodder to fight against British and French colonial influences in the Middle East.

The Nazi-continuum is still embedded in several major Western governments, is still protected by rogue factions within their national security cadres, and it has kept the MB running in the background ever since. In the Western view, the radical 'Islamists' are useful fools to be manipulated, they don't cost much, and they can be made angry easily.

The Muslim Brotherhood, unbeknown to most of its current members, is a long-established Middle Eastern street gang which works for the Western banking syndicate to create opportunities for financial profit by fomenting unnecessary international conflict.

Its Egyptian branch, when briefly in government for a year between June 2012 and July 2013, lined up publicly with the private armies of the G7 war profiteers in an attempt to destabilise Syria. The plan was plain. Once Assad had gone, and the country was in ruins, its banks could be looted, its oil and gas could be stolen, foreign military bases could be established for drug trafficking purposes, and Qatar and Saudi Arabia could build their gas pipeline through Syria, unopposed, to supply Europe and support the US petrodollar scam.

Putin and the BRICS alliance saw all this. They agreed that there had to be régime change in Syria and that the Assad clique had to go; what they didn't want, and would not allow, was another capitalist looting fest by the G7 such as they had contrived in Iraq, Afghanistan and Libya.

Russia plus China, plus a changed Turkey, plus the US Pentagon patriots, now have more influence, collectively, within the Egyptian military than do the Washington DC private corporation and the City of London private corporation.

The exact division of labour between Russia and China within the BRICS alliance adjustment of global geopolitics is yet to become clear. It seems that Putin is looking after Europe and the Middle East, while the new Chinese leadership is seeing to Asia, Africa and Australia. China, for example, is a powerful driving force behind the imminent reunification of North and South Korea.

In Europe, Russia and Germany are privately and quietly growing closer. The EuroZone is now seen as a lost cause by most significant opinion-makers in Berlin on the simple grounds that it is not in Germany's financial interest, any more, to waste time with the little people.

This is particularly the case when one of Germany's biggest commercial institutions, Deutsche Bank AG (Frankfurt), has an international derivatives exposure of $72.8 trillion. This sum is in excess of twenty times more than the total GDP of Germany itself. Faced with a domestic ticking time bomb of this nature, Greece, Spain, Italy and, yes, France, can go hang.

The word on the block is that Angela Merkel of Germany is quietly pursuing an Ostpolitik with Russia of the kind which was originally initiated by Willy Brandt in the 1960s. This will result in a Russian/German-led Eurasian Union being slipped into place by 2015.

In the lead up to this long-desired Eurasian outcome, a new, strong currency DeutschmarkZone in Northern Europe is likely to emerge, involving Germany, The Netherlands, Luxembourg and Finland. France will be consigned to the outer darkness of a local and much-devalued French Franc. And Greece, Spain and Italy? They can eat olives. The Western banks have finished with them.


Late note: The brief thirteen month Muslim Brotherhood spell in Egyptian government was ended at the beginning of July 2013 by a cackhanded and anti-democratic military coup. If ever practical proof was needed that the Egyptian revolution was as yet incomplete, this was it. Among avoidable own goals scored by the Egyptian military at this juncture was the partisan suppression of Islamic media outlets, along with CNN and al-Jazeera TV, and the appointment of Mohamed ElBaradei as deputy interim president. Indeed, ElBaradei would have been shoehorned in as interim prime minister had not the Salafi Nour party strenuously blocked the appointment. ElBaradei is well known in Middle Eastern diplomatic circles for being a bought-and-paid-for asset of Western intelligence and corporate interests. 

Yep, repeat hoorah for the US Marines

Yep, repeat hoorah for the US Marines.
 


Begin forwarded message:

OK Folks...Read it and pass it on

 
HOORAH!!
ACLU vs. US MarinesTHIS NEEDS TO GO AROUND THE USA MANY TIMES SO KEEP IT GOING!

If you look closely at the picture above, you will note that all the Marines pictured are bowing their heads. That's because they're praying. This incident took place at a recent ceremony honoring the birthday of the corps, and it has the ACLU up in arms. "These are federal employees," says Lucius Traveler, a spokesman for the ACLU, "on federal property and on federal time.. For them to pray is clearly an establishment of religion, and we must nip this in the bud immediately."
When asked about the ACLU's charges, Colonel Jack Fessender, speaking for the Commandant of the Corps said (cleaned up a bit), "Screw the ACLU." GOD Bless Our Warriors. Send the ACLU to Afganistan!
Please send this to people you know so everyone will know how stupid the ACLU is getting in trying to remove GOD from everything and every place in America May God Bless America , One Nation Under GOD!

What's wrong with the picture? ABSOLUTELY NOTHING
GOD BLESS YOU FOR
PASSING IT ON! I am sorry but I am not breaking this one....Let us pray

Prayer chain for our Military...please don't break it

 

THIS NEEDS TO GO AROUND THE USA MANY TIMES SO KEEP IT






--
Remember the five simple rules to be happy:

                             1. Free your heart from hatred.
                             2. Free your mind from worries.
                             3. Live simply.
                             4. Give more.
                             5. Expect less.



The Smokescreen... The Martin Shooting Is 1 Of 1000's each year, yet Obozo Is succesfully using it to hide his SCANDALS

The Rumor Mill News Reading Room 

The Smokescreen... The Martin Shooting Is 1 Of 1000's each year, yet Obozo Is succesfully using it to hide his SCANDALS
Posted By: Watchman
Date: Friday, 12-Jul-2013 09:21:13

I haven’t seen it myself, of course, but I’ve been hearing reports stating that the Zionist media has been serving up a steady diet of Martin & Zimmerman stew, complete with all the race baiting the Zionist media is famous for, so I thought I’d share my opinions on the matter because there seems to be a shortage of sanity and sense surrounding the issue, and apparently people are still dumb enough to fall for the same tricks year after year, and generation after generation.
The first aspect of this nonsense that needs to be addressed is its relevance, or lack of such, because when this is put into proper perspective, what we’re talking about is one shooting out of thousands that take place across a huge nation. Is there some reason this particular shooting was chosen to be so “important” that there’s some need for it to endlessly broadcast to three hundred million people?
The answer is that it’s a convenient political tool for two reasons. Firstly, an emotionally charged issue like this provides an excellent distraction from the dozen or so scandals now plaguing the White House, but more importantly, it’s been intentionally turned into an emotionally charged issue for a bigger reason.
The powers that be, the government, the Zionists, the corporations, the Masons, or whatever you want to call them (they’re all the same entity) are beginning to realize that they don’t have as much of the nation fooled as they thought they did, and they’re shaking in their boots over the real possibility of getting their last glimpse of the world through a noose. With that thought nagging at them constantly, they’re also trying to verbally tap dance their way through the present economic and political mess for the people who are still listening to them, as they’re also haunted by their failure to disarm an angry population that’s being brutalized by cops.
Their only hope of survival lies in getting the American people to concentrate on killing each other rather than killing them, so the Martin-Zimmerman saga was billed as a racial incident, and is being sold to the dumber segments of our society just like any Hollywood movie, because there’s never any difficulty in finding an endless supply of idiots willing to jump on any bandwagon the TV rolls out for them.
If you make enough noise, there will always be people somewhere who are afraid to speak and want you to speak for them, and people like Alex Jones, Al Sharpton, Rush Limbaugh, and Jesse Jackson all make a good living out of doing absolutely nothing but stirring up the common people’s anger to suit their political ends, and increase their personal profit.
Because we are a multi-racial nation, race has always been used as a tool whenever a need arose to “divide and conquer” the population, and if Al Sharpton didn’t take the job, there would be some other loud-mouth windbag shoveling the same garbage, and being paid to do so by the same people.
Did you ever wonder why Al Sharpton gets funding from the Republican party and Dr. Martin Luther King only got a bullet? The reason is clear when you look at old news footage of Dr. King’s marches, because what you’ll see is black and white people marching together, rather than the Sharpton policy of working to divide people, and that unity scared the living crap out of the powers that be, the Masons, and the whole lot of psychotic power mongers that rule over us, regardless of what you choose to call them. They had previously worked hard to create the S.P.L.C., resurrect the K.K.K., and bombard Americans with racially divisive messages through their media outlets and public policy, but Dr. King was a little too smart to fall for it, and a little too honest to sell out to them.
Blacks and whites will always have to share this nation, and the entire country has come to accept that fact, regardless of their personal opinions on that matter. The result of this is that any racial hatred that existed in past generations has faded into reluctant acceptance by even the most ardent bigot, and no one really has the time nor the energy for that nonsense anymore, unless of course, they’re subjected to endless media messages that inspire it.
I’m white, but because I spent the first forty-five years of my life in Brooklyn, I’ve had the pleasure of knowing many good, intelligent, and respectable black people, and I’ve also had the displeasure of knowing many others. In either case it wasn’t their skin color that defined who they were.
The fact of the matter is that American blacks and whites are of a slightly different culture, but that’s also true of Cajuns and cowboys, red-necks and city people, and every piece of Euro-trash that’s ever immigrated to our shores. Whether you were brought here in chains, or brought here by hunger or persecution, we’re all here now, and fighting amongst ourselves is probably about the silliest thing we could do in a time like this, because our survival depends on our unity, and being just a little too smart to fall for the same old tricks designed to keep us at each others throats.
Much less than twenty percent of America’s population can be considered “rich” or even comfortable these days. Twelve per sent of America’s population is black. That means at least sixty-eight per cent of the population is comprised of poor whites, who in my estimation are no better off than Brooklyn’s poor blacks. As I once told one of my black friends, “I don’t want to hear about your skin color, because the white man be holdin’ me down too.” In reality, most people enjoy getting along together, and all of the racism comes from the TV.
It’s only about race when they want us fighting each other, but they’ll be happy to rob and kill us all equally if we let them play us like fools. Forget my skin color and I’ll forget yours, because it’s a silly thing to be fighting over. Concentrate instead on our common enemy, and our common goal of restoring our constitutional republic, so at least we’ll have the freedom to hate each other if we choose to. — Jolly Roger
http://www.fromthetrenchesworldreport.com/were-all-black-to-them/50437#more-50437

FDIC Board Approves Basel III Interim Final Rule and Supplementary Leverage Ratio Notice of Proposed Rulemaking

FDIC Board Approves Basel III Interim Final Rule and Supplementary Leverage Ratio Notice of Proposed Rulemaking 

FOR IMMEDIATE RELEASE
July 9, 2013
Media Contact:
Andrew Gray (202) 898-7192
angray@fdic.gov

The FDIC Board of Directors today approved an interim final rule that adopts with revisions the three notices of proposed rulemaking (NPRs) that the banking agencies proposed last year related to Basel III and the standardized approach. The FDIC Board also approved a joint interagency Notice of Proposed Rulemaking to strengthen the supplementary leverage requirements for the largest most systemically important banking organizations.
FDIC Chairman Martin J. Gruenberg delivered the following statement at the FDIC Board meeting: "Today, as staff has explained, we are considering two important regulatory capital rulemakings. The first rulemaking is an interim final rule that adopts with revisions the three notices of proposed rulemakings or NPRs that the banking agencies proposed last year.  These are the Basel III NPR, the Basel III advanced approaches NPR, and the so-called Standardized Approach NPR.  This interim final rule:
  • is identical in substance to the final rules issued by the Federal Reserve Board and the OCC;
  • allows the FDIC to proceed with the implementation of these revised capital regulations in concert with our fellow regulators, and
  • allows us to seek comment on the interactions between the revised risk-based capital regulations and the proposed strengthening of the leverage requirements for the largest and most systemically significant banking organizations, which will be the second rulemaking we will be considering today.
The interim final rule on Basel III would strengthen both the quality and quantity of risk-based capital for all banks, including placing greater emphasis on tier 1 common equity capital.  Tier 1 common equity has been widely recognized as the most loss absorbing form of capital. These changes will create a stronger, more resilient industry better able to withstand environments of economic stress in the future.
During the comment period on these proposals, we received a large number of comments, particularly from community banks, expressing concerns with some of the provisions of the NPRs.  The interim final rule makes significant changes to aspects of the NPRs to address a number of these community bank comments.  Specifically, unlike the NPR, the rule does not make any changes to the current risk-weighting approach for residential mortgages.  It allows for an opt-out from the regulatory capital recognition of accumulated other comprehensive income, or AOCI, except for large banking organizations that are subject to the advanced approaches requirements.  Finally, the Federal Reserve has adopted the grandfathering provisions of section 171 of the Dodd Frank Act for Trust Preferred Securities issued by smaller Bank Holding Companies.  Comments received on all these matters were extremely helpful to the agencies in reaching decisions on the proposals.
The interim final rule maintains the existing U.S. leverage ratio for all banks, and this leverage ratio requirement will continue to set a floor for the leverage requirements applicable to large advanced approaches banking organizations.  Consistent with the Basel III international agreement, the rule also includes a three percent supplementary leverage ratio that applies only to the 16 large banking organizations subject to the advanced approaches requirements.  The supplementary leverage ratio is more stringent than the existing U.S. leverage ratio by including many off-balance sheet exposures, in addition to on-balance sheet exposures, in its denominator. 
The second rulemaking is a joint interagency NPR to strengthen the supplementary leverage requirements for the largest most systemically-important banking organizations, which would currently apply to eight institutions, as staff has described.  Insured banks covered by the NPR would need to satisfy a six percent supplementary leverage ratio threshold to be considered well capitalized for PCA purposes.  Bank Holding Companies covered by the NPR would need to maintain supplementary leverage ratios of at least five percent, made up of a three percent minimum ratio plus a two percent buffer. 
As the NPR points out, maintenance of a strong base of capital at the largest, most systemically important institutions is particularly important because capital shortfalls at these institutions can contribute to systemic distress and can have material adverse economic effects.  Analysis by the agencies suggests that a three percent minimum supplementary leverage ratio would not have appreciably mitigated the growth in leverage among these organizations in the years preceding the recent crisis. Higher capital standards for these institutions would place additional private capital at risk before calling upon the Deposit Insurance Fund and the Federal government's resolution mechanisms. In sum, the combined effects of these two rulemakings are to:
  • strengthen both the quality and quantity of risk-based regulatory capital for all banks and banking organizations;
  • apply the Basel III supplementary minimum leverage ratio requirement of three percent to the 16 largest U.S. banking organizations that are subject to the advanced approaches capital framework and their subsidiary insured institutions; and
  • further strengthen that supplementary leverage ratio requirement for the eight largest and most systemically important banking organizations and their subsidiary insured institutions by establishing a six percent well capitalized standard at the bank and a minimum supplementary leverage ratio plus buffer requirement of five percent at the holding company.
While much contained in these rules does not apply to community banks, we want to be certain that community banks fully understand the changes in the capital rules that do apply to them.  To that end, as we did with the NPRs, the FDIC is planning an extensive outreach program to assist our community banks in understanding the interim final rule and the changes it makes to the existing capital requirements.  We will provide technical assistance in a variety of forms targeted specifically at community banks, including community bank guides on compliance with the rule, a video that will be available on the FDIC website, a series of regional outreach meetings, and subject matter experts at each of our regional offices whom banks can contact directly with questions.
Finally, I would like to thank our staff, as well as OCC and Federal Reserve Board staff, for their thoughtful and tireless work on these two important rulemakings."
# # #
Congress created the Federal Deposit Insurance Corporation in 1933 to restore public confidence in the nation's banking system. The FDIC insures deposits at the nation's 7,019 banks and savings associations, and it promotes the safety and soundness of these institutions by identifying, monitoring and addressing risks to which they are exposed. The FDIC receives no federal tax dollars — insured financial institutions fund its operations.
FDIC press releases and other information are available on the Internet at www.fdic.gov, by subscription electronically (go to www.fdic.gov/about/subscriptions/index.html) and may also be obtained through the FDIC's Public Information Center (877-275-3342 or 703-562-2200). PR-60-2013

RV Chat - Jester - 7-11-13

07/11/2013
[Jester] HI CASTLE MODS, PEEPS, LURKERS, AND CRITTERS! HOW IS EVERYONE TONIGHT?

 [Jester] BEEN A LONG DAY... I AM WAY TOO TIRED TO TRY AND CHASE THE HELLO'S UP THE SCREEN TONIGHT.... HOPE YOU UNDERSTAND... HI TO EVERYONE...

[okrocks] U.S. books $117 billion surplus 3:16 pm: Federal coffers were in the black in June thanks to uptick in revenue and decline in spending.  
http://money.cnn.com/2013/07/11/news/economy/treasury-budget-june-surplus/index.html

 [Jester] OK.... BIG DEAL... GROUP RATE HAS BEEN NEGOTIATED FOR YOU... I DON'T CARE WHO SAYS DIFFERENT... STAY WITH THE HORSE YOU RODE IN ON... THEY ARE WORKING HARD FOR YOU....

[Jester] OK.. QUESTION ANS ANSWER TIME.. ACCORDING TO PREVIOUS RULES...

 [treasure4e] [Guitarman56] Jester I saw on fox news where lew, china and usa came to an economic agreement today, sure hope that something to do with us.
.....
Goose] Jester how can I find out more on Republic looked at your fb read and watched vids good stuff

ester] Goose FOLLOW THE LINKS FROM THE INFORMATION PROVIDED... RESEARCH... THAT IS WHAT I DO...

[[Jester] pedrobob ASIDE FROM IT HAPPENING? A GOOD THING FOR EVERYONE IN MY OPINION...pedrobob] Jester anything on the China and USA free trade and investment treaty?

[FLPatriot59] Jester The prevailing hope is that because the ISX is now closed thru Sunday and they supposedly openon Monday for Int'l trading, their currency must revalue beforehand, i.e., before Monday. What say you?

[Jester] FLPatriot59 I SAY YOU ARE LOOKING AT GOOD INDICATORS OF THINGS TO COME...

[texan1] Jester what has happened today? and what will happen tomorrow?

Guitarman56] Jester does the economic agreement between lew, china and the usa have anything to do with us????

[Jester] Guitarman56 IT HAS TO DO WITH OUR FUTURE... THEREFORE A LOT TO DO WITH US...

 [top_gun] Jester Is there a Snake in someone's boot?????

[montana2] Jester any thoughts about what gibbs and sednet said this morning? I thought they were probably just protecting their own turf, is all.

[Jester] montana2 WAS A NICE THING FOR THEM TO SAY IN THE FIRST PLACE SINCE THEY DO NOT NORMAKLY ALLOW OUTSIDE INTEL... I TAKE IT AS A COMPLIMENT AND I SALUTE THEM...

[countryboy] Jester Can you explain why they wouldn't want you to cash in some currency (VND) in order to pay off your reserves? This would allow you to have more currency to exchange with WF for more oil credits. I would think they would want all they can purchase.

[Peavey] clap Jester any comment on today's Wildduck post?

[Jester] Peavey UMMM.. DO YOU REALLY BELIVE IT IS IN YOUR BEST INTEREST TO BELEIVE SOMEONE WHO IS TELLING YOU TO GO AGAINST WHAT OKIE AND MANY OTHERS HAVE TOLD YOU IS THE REAL DEAL?

pokerbrat] Jester how long is O's lease? Is he apt. shopping or looking to be a squatter?

Jester] countryboy SURE... THE FINCEN FORM IS LIEK A W-2... IT IDENTIFIES YOU... AND WHAT YOU HAVE DONE... IT SAYS... HEY WAIT A MINUTE.. YOU HAVE ALREADY LOCKED IN YOUR RATE... TAKE NOTE OF THIS FACT IF YOU THINK YOU CAN TRY TO BEAT THE SYSTEM.... REMEMBER... NEW SYSTEM... TRANSPARENT..

go-go-rv] Jester - who are the people of behind the Republic? Why is it taking them so long to get this done? and I'd like to thank you for all the information that you bring to us people. Kisses

Peavey] clap Jester I still wonder..... nobody has proved to me that there will be any "group rate" and all this banker boogidy could end up no different then exchanging pesos

[Jester] Peavey THEN TAKE YOUR CHANCES... ENOUGH GOOD PEOPLE HAVE TRIED TO WARN YOU WHAT TO LOOK FOR IN THIS REGARD...

[Jester] go-go-rv IT IS ALL PART OF THE BIG PICTURE... YOU WILL SEE IT ALL WHEN THE TIME IS RIGHT...

[sonnayhwh] Jester - Making sure this horse is dead by beating it one more time. . . isn't the main concern of the c/e talk that a person doesn't jeopardize the "one time" offer from WF, which is expected to be the best out of the gate?? Grin

[Jester] sonnayhwh EXACTLY... I COULD NOT HAVE SAID IT BETTER...

pokerbrat] Jester let's say you lock in your rate cash in your Dinar and then find another million under your matress. You still get your locked in rate?

[Jester] pokerbrat ONE TIME SHOT... CHECK YOUR MATTRESS BEFORE YOU GO TO YOUR APPOINTMENT...

[queenb0123] How are they able to view our information of a FINCEN form with another bank? Isn't that personal....and tied to US Treasury? I understand they will complete one...but to see others in a system? No privacy?

[mykitty] queenb0123 hospitals and doctor are now able to do it with med. history probably the same

[Jester] queenb0123 HERE YA GO... IF YA DON'T BELIVE ME THEN CHECK IT OUT....  
http://www.fincen.gov/forms/bsa_forms/

[jetdemon] Jester why would there be a one time limit? How does that make any sense as to what WF is trying to accomplish? Just don't get it...

[Jester] jetdemon YOU ASSUME WF IS THE ONE TRYING TO ACCOMPLISH SOMETHING... NOT THE CASE.. THEY ARE THE BROKER...

[ampman02] For the love of God. Quit worrying about the mule going blind and just load the dang wagon!

 [go-go-rv] Jester - thanks. I have another question regarding the exchange of the IQD/VND. what problem would I run into when it comes time to exchange at Wells Fargo, if I were to exchange a small bill at an international currency exchange facility?

[Jester] GUYS... QUIT TRYING TO FIGURE OUT THAT THE BANK IS THE ONE IN CHARGE... THEY ARE THE BROKER.... THE ONES ENABLING THE GROUP RATE ARE THE ONES WANTING THE DINAR...

[go-go-rv] Jester - thanks. I have another question regarding the exchange of the IQD/VND. what problem would I run into when it comes time to exchange at Wells Fargo, if I were to exchange a small bill at an international currency exchange facility?

[Jester] go-go-rv ALREADY ANSWERED... FINCEN FORM....

jetdemon] Jester I understand they are acting as a broker however, I assum their "client" was trying to obtain as much dinar as possible. Not arguing with you, I just don't understand the logic.

[Jester] jetdemon THEY HAVE NO REASON TO REWARD YOU FOR BEING HARD TO GET ALONG WITH... GET WITH THE PROGRAM.. YOU HAVE ONE SHOT...

[BocaLinda] Jester hiya. Would there be a problem with my friend lending me the money after SHE exchanges, and wires it to my account, for me to wire to dinar dealer? thx.

[Jester] BocaLinda NOT TO THE BEST OF MY KNOWLEDGE... AS LONG AS IT IS NOT IN YOUR NAME... IT IS A LOAN...

[cashinqueen1] [amg] Jester is there anything that you can share about the process moving along today?

[countryboy] Jester are you saying we can only fill out the FINCEN form 1 time? I can only exchange at 1 place and only 1 time --- be it WF, Chase or whereever?

[Jester] countryboy THE FINCEN WILL BE A FORM THE CAN ACCESS TO SEE IF YOU HAVE CASHED OUT ANY PREVIOUS FUNDS... IT WILL FOLLOW YOU.. IF YOU CASH ANYTHING OUT IT WILL IDENTIFY THE FACT

[eppexpress] Jester good evening...can my wife cash is VND in her name not effecting my ce of IQDHAT YOU DID SO.... AND YOU WILL BE STUCK WITH THAT RATE...

Jester] eppexpress NOPE... YOU ARE MARRIED RIGHT? YOU EVER FILE TAXES TOGETHER?

[wingnaprayer] Jester It was indicated earlier that what we have purchased is tracked by serial numbers and that may prevent us from giving a small amount to a family member to cash in earlier in order to pay out our reserves. If we have a gifting letter to that family member are we still at a loss for this?

[okrocks] wingnaprayer jmo but if they are not going to do a ce other than that it should not effect anything... its their ce not yours and then they are giving you a loan

 [Jester] YOU GUYS ARE PRETTY GOOD AT TRYING TO BEAT THE SYSTEM.. WHY NOT TRY TO FIGURE OUT A WAY TO WORK WITH IT INSTEAD...

[cashinqueen1] Borrow the money from someone and tell them you will pay back double what you loaned and pay for the reserves lol

 [Jester] cashinqueen1 NOT A BAD IDEA AT ALL...

[okrocks] Jester seriously though, most of mine were gifted to me and if that is not allowed for a group ce I am in trouble

 [dwanna] Jester is there anything, good bad or indifferent you are willing to share with us tonight? Rather than answer 100 questions you have already answered.

 [Jester] THE PROCESS IS DOING IT'S THING... NOT NEAR AS FAST AS ANYONE WANTS... WE ALL KNOW THAT.. BUT THEY ARE CLEANING UP THE MESS FROM LAST WEEK...

Jester] CONSIDER THIS SOMETHING LIKE A SATURN ROCKET LAUNCH... THEY WORK AND WORK UNTIL THE COUNTDOWN COMMENCES... AND THEY ARE DOING THE CHECK LIST AND SOMEWHERE ALONG THE WAY A WIDGET DOES NOT HAVE THE RIGHT READING... SO THEY SCRUB THE LAUNCH... SO NOW THEY HAVE TO FIX THE WIDGET... AND RESCHEDULE THE LAUNCH... AND GET THE COUNTDOWN GOING AGIAN... AND START THE CHECK LIST ALL OVER....

 [wingnaprayer] Jester Ugh! Please tell us they are about out of widgets lol

[Jester] wingnaprayer I'D LIKE TO... BUT THERE ARE A LOT OF WIDGETS... LOL

[johnnyjunk] Jester are those who have been gifted IQD not allowed to participate in the W.F. C.E ????

[Jester] johnnyjunk ABSOLUTELY THEY ARE... THEY ARE WELCOME... SHARE THE EMAIL AND 800 NUMBE WITH THEM AND THEY WILL LOVE YOU....

[pbeam] Jester :: Constitution Question - I have been reading that the Corruption appears to go much deeper and looking forward to helping others learn what has happened. Do you believe we could form groups to help spread the message?

Jester] pbeam THAT IS EXACTLY WHAT I HAVE TRIED TO DO WITH MY INFO PAGE...

[wingnaprayer] Jester Like about 198 widgets? Lol

[Jester] wingnaprayer 198 COUNTRIES... WITH THAT MANY COUNTRIES IMAGINE HOW MANY WIDGETS... LOL

[ezmuny] jester what do you think about the news of iraq begining to trade on the stock market on monday?

[okrocks] ezmuny answer: [Jester] FLPatriot59 i say you are looking at good indicators of things to COME...

[ezmuny] okrocks i figured that was a very good sign , stock market wouldnt want to trade a stock not worth anything rofl

[mykitty] jester Is a gifting letter really necessary?

[Jester] mykitty ONLY IF YOU WANT TO GIFT AT THE LOWER RATE AND AVOID TAX ISSUES... YOU ARE LIMITED TO LIKE $14,000 OTHERWISE... IF YOU USE A GIFT LETTER YOU DO SO AT THE RATE YOU BOUGHT AT...

[owl] Jester can't imagine a widget...dunno what constitutes the metaphor.

[Jester] owl WIDGET... THING... ISSUE... PROBLEM... IMAGINARY EUPHEMISM FOR SOMETHING THAT HELD IT UP... LOL

[Scotzgirl] Jester would you say the gifting letter is more connected to taxes/tax time than to the process of exchanging the currency at the bank?

[Jester] Scotzgirl IT IS JUST A WAY TO GIVE SOMETHING WITHOUT BEING RESPONSIBLE FOR THE TAXES... IF YOU GIFT A $25,000 NOT FOR EXAMPLE... WHAT IS THAT WORTH LIKE $25 SAY... YOU ARE GIVING $25 BUCK AWAY... IF YOU DO NOT HAVE THE LETTER AND YOU DO THE SAME... YOU GAVE AWAY WHAT... AT $1/DINAR... $25,000 RIGHT?... OVER THE $14,00 GIFT LIMIT... SO YOU PAY TAX ON THE $25,000 AND THEY PAY TAXES ON ANYTHING OVBER $14,000... NOT A GOOD THING

[top_gun] Gift Letters are in the Forum ..  
http://www.intel4u.com/Forums/index.php?/forum/32-gift-letters/


[cactusjumper.] [cactusjumper.] Jester sorry if this has been asked. If there is a foat with currencies how does that affect 800# group rate?

[Jester] cactusjumper. UMMMM... YOU HAVE NOT BEEN LISTENING... IF IT IS A FLOAT GOOD LUCK... LOL

[MandaK] Jester are things processing as we speak?

[Jester] GUYS AND GALS... I DON'T GIVE A CARP WHO ANYWHERE IS SAYING TO GO OUT AND NEGOTIATE YOUR OWN DEAL... THERE IS NO WAY YOU CAN POSSIBLY NEGOTIATE A DEAL TO GET A BETTER RATE THAN PROFESSSIONAL NEGOTIATORS WORKING ON BEHALF OF A GROUP IN EXCESS OF 100,000 STRONG... STAY WITH THE EMAIL AND 800 NUMBER SET UP BY SOME VERY GOOD PEOPLE WORKING ON YOUR BEHALF IN THIS REGARD... NOT SOME GURU'S SAYING BS ABOUT THEY CAN DO YOU BETTER... TRUST ME IN THIS...

[tc0043] Jester I just got off Alabama`s call and she is telling everyone that we will exchange our IQD for TRN and our vnd will be exchanged for FRN and to not exchange our vnd until Oct when all our money will be TRN. Help save my sanity.

[Jester] tc0043 BS... THE SOVERIEGN BANKS ARE COMPLIANT AND WILL BE GOLD BACKED FUNDS... WHY ARE YOU LISTENING TO THAT BS ANYWAY?

[wabbit60] Jester The Iraq watchers are almost all lining up with you guys. Does that make Iraq events a good indicator?

[Jester] wabbit60 ALWAYS HAVE BEEN INDICTORS... NO REASON TO THINK THAT WOULD CHANGE NOW...

[miabella] Jester.....getting a headache from hitting your forehead against a brick wall? lol My goodness you certainly have patience hon. HUGS

[Jester] OK... TIME TO TAKE A BREAK AND HAVE SOME FUN... THE MODS ARE WORKING HARD AND I WANT TO GIVE THEM A CHANCE TO FINISH AND GET THINGS READY FOR THE FORUM AND THE OTHERS THAT MISSED THE START...

[socalcutie] Jester evenng all. Isnt' it just common sense that if peeps with the contacts and the skills could negotiate on our behalf to allow them to do it. I've been with Studley/Generals group from the beginning and they are doing it for the good of everyone, even the peeps with just a little

[Jester] socalcutie I THINK THAT WOULD BE SELF EVEIDENT...

[Jester] I WANT YOU GUYS TO KEEP YOUR EYE ON THE BALL... WAIT FOR OKIE... AND THE EMAIL... INSTEAD OF WORRYING ABOUT ALL THIS STUFF THAT MATTERS NOT IF YOU EVEN KNOW IT... ARE YOU READY FOR THE HAPPENING? ARE YOU PREPARED? SHOULD YOU BE SPENDING YOUR TIME DOING THAT? HMMMM....

http://www.dinarrecaps.com/1/post/2013/07/jester-late-thursday-night-qa-at-i4u.html

Black Panthers Bussing Thousands To Florida: Whatcha Bet It's Not For Vacation....I wonder who Paid The Tab?

The Rumor Mill News Reading Room 

Black Panthers Bussing Thousands To Florida: Whatcha Bet It's Not For Vacation....I wonder who Paid The Tab?
Posted By: Watchman
Date: Thursday, 11-Jul-2013 23:57:21

QStarNews claims that eyewitnesses are reporting that the New Black Panther party is busing in mobs of people to riot if George Zimmerman is found not guilty of 2nd degree murder in the death of Trayvon Martin.
Reports have come in from eye witnesses in Sanford, Florida that the New Black Panther Party, an extremist group that has called for the killing of George Zimmerman if he is found not guilty, is busing in thousands to that town. Sanford is the location of the trial and near the place where the shooting of Trayvon Martin by Zimmerman occurred. There have been threats of riots if Zimmerman is not found guilty and it is believed that the New Black Panther Party and other extremist groups will attempt to take advantage of racial tensions after a non guilty verdict by organizing riots.
Racial tensions are thick across the country over this case, with claims like the one above, public threats against "random white kids," by Trayvon Martin supporters, if Zimmerman is found not guilty, new documents showing the DOJ had a behind-the-scene role in organizing the original 2012 protests against Zimmerman and theories that Obama is planning for a race war if a not guilty verdict is rendered.
Authorities are taking preemptive action in preparation for potential rioting in Florida and released a statement and video to attempt to calm the racial tensions before the verdict, which is expected either this week or next.
Back in 2012, the New Black Panther Party had issued a wanted dead or alive poster (Shown below) on Zimmerman, and offered a bounty for Zimmerman. If these reports are true, the situation just got exponentially worse and more dangerous.
Lots more details => http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=156508 

Obama ID again