iBankCoin
Home / 2014 / April (page 5)

Monthly Archives: April 2014

‘Change All Passwords’ Warning Issued After Massive Internet Breach

“An alarming lapse in Internet security has exposed millions of passwords, credit card numbers and other sensitive bits of information to potential theft by computer hackers who may have been secretly exploiting the problem before its discovery.

The breakdown revealed this week affects the encryption technology that is supposed to protect online accounts for emails, instant messaging and a wide range of electronic commerce.

Security researchers who uncovered the threat, known as “Heartbleed,” are particularly worried about the breach because it went undetected for more than two years.

Although there is now a way to close the security hole, there are still plenty of reasons to be concerned, said David Chartier, CEO of Codenomicon. A small team from the Finnish security firm diagnosed Heartbleed while working independently from another Google  researcher who also discovered the threat.

“I don’t think anyone that had been using this technology is in a position to definitively say they weren’t compromised,” Charier said.

Chartier and other computer security experts are advising people to consider changing all their online passwords.

“I would change every password everywhere because it’s possible something was sniffed out,” said Wolfgang Kandek, chief technology officer for Qualys, a maker of security-analysis software. “You don’t know because an attack wouldn’t have left a distinct footprint.”

But changing the passwords won’t do any good, these experts said, until the affected services install the software released Monday to fix the problem. That puts the onus on the Internet services affected by Heartbleed to alert their users to the potential risks and let them know when the Heartbleed fix has been installed so they can change their passwords.

“This is going to be difficult for the average guy in the streets to understand, because it’s hard to know who has done what and what is safe,” Chartier said.

Yahoo, which boasts more than 800 million users worldwide, is among the Internet services that could be potentially hurt by Heartbleed. The Sunnyvale, Calif., company said most of its most popular services — including sports, finance and Tumblr — had been fixed, but work was still being done on other products that it didn’t identify in a statement Tuesday.

“We’re focused on providing the most secure experience possible for our users worldwide and are continuously working to protect our users’ data,” Yahoo said.

Heartbleed creates an opening in SSL/TLS, an encryption technology marked by the small, closed padlock and “https:” on Web browsers to signify that traffic is secure. The flaw makes it possible to snoop on Internet traffic even if the padlock had been closed. Interlopers could also grab the keys for deciphering encrypted data without the website owners knowing the theft had occurred, according to security researchers.

The problem affects only the variant of SSL/TLS known as OpenSSL, but that is one of the most common on the Internet.

About two-thirds of Web servers rely on OpenSSL, Chartier said. That means the information passing through hundreds of thousands of websites could be vulnerable, despite the protection offered by encryptions. Beside emails and chats, OpenSSL is also used to secure virtual private networks, which are used by employees to connect with corporate networks seeking to shield confidential information from prying eyes…..”

Full article 

Comments »

Is the Interwebs Under Threat by the U.N. ?

“Following the Obama administration’s deeply controversial decision to cede U.S. control over key elements of the Internet’s architecture, experts and former officials are warning that the United Nations and its largely autocratic member regimes are already plotting to tax and censor the World Wide Web. According to analysts, the UN would almost certainly start small — perhaps levying tiny “fees” on certain Web-based activities, or regulating content that virtually everybody would find objectionable — before quickly expanding the global Internet regime to raise vast sums of taxpayer cash while censoring free speech. The battle, however, is likely to be fierce.

Among the most troubling scenarios envisioned by multiple experts is the very real possibility that, by imposing taxes on Web use, the UN would finally be able to free itself from the last remaining constraint on its growth and power — the fact that it currently depends on member governments for funding. Indeed, at least one university professor is even sounding the alarm about the new “robber barons” at the UN, salivating over the prospect of imposing planetary taxes via control of the Internet. However, Prof. Karl Borden, who teaches financial economics at the University of Nebraska, warned in a Wall Street Journal column that the threat posed by UN taxers would be even more severe and hard to fight.

The original “robber barons,” he explained, were 13th century extortionists along the Rhine River who forced passing ships to pay tribute in exchange for passage. If the UN gets its way on global Internet taxes, though, the damage would be far worse than the havoc caused by powerful German thieves of centuries past. “Should the U.N. end up in charge, it would have a chokehold on the global economy and a vast stream of revenue that would make it even more unaccountable than it already is,” Borden explained, adding that global Internet taxes would start modestly before ballooning out of control, much like the U.S. income tax.

“Power follows the money, and bureaucratic appetites are voracious,” he continued. “Who will there be to stop the process, after all? Where is the elected legislative body that will answer to the world’s population that finally pays these ‘fees’?… With constitutional government it becomes at least possible for citizens to say ‘No—No more!’ No such checks are in place for a global bureaucracy that will have the power to reach into every pocket on earth.” With the Internet set to become the essential infrastructure for participating in the global economy, Borden said, controlling the “rivers” of the future will permit the financing of a perpetually expanding international bureaucracy.

The implications are frightening — especially because getting rid of the global extortion would be extraordinarily tough once it got going. “The robber barons of the 13th century were finally stopped only when the Rhine League, consisting of merchants and aristocrats, banded together to tear down their castles and hang them,” Borden concluded. “The robber barons of the 21st century may be much more difficult to deal with.”

Indeed, as The New American and countless critics have been warning for decades, if and when the UN gets the power to impose its own taxes, it would be able to fund its own “peace” army, police, tax collectors, regulators, bureaucrats, and global tyranny without any remaining constraints. While the outfit, often blasted as the “dictators’ club,” has floated proposals to tax everything from billionaires and financial transactions to “carbon emissions” and air travel, the prospect of a global Internet tax could be even more appealing.

Former U.S. officials have also issued similar warnings in recent weeks about the potential for Internet mischief if the UN were to ever be allowed near the levers of online power. “This is the Obama equivalent of Carter’s decision to give away the Panama Canal — only with possibly much worse consequences,” former Bush administration State Department senior advisor Christian Whiton told the Daily Caller last month after the administration announced the end of its constitutionally dubious ties to the California-based organization that manages crucial components of the Internet’s architecture.

“While the Obama administration says it is merely removing federal oversight of a non-profit, we should assume ICANN would end up as part of the United Nations,” Whiton continued. “If the U.N. gains control [of] what amounts to the directory and traffic signals of the Internet, it can impose whatever taxes it likes. It likely would start with a tax on registering domains and expand from there…. What little control there is over the U.N. would be gone.” Also alarming, Whiton noted that under “invariably incompetent U.N. control,” a hostile foreign power might even be able to disable America’s Internet access — with potentially devastating consequences.

Of course, as The New American has documented extensively, the UN and numerous “member” dictators around the world —from Communists and Socialists to Islamists — have been scheming for years to take over and regulate the Internet. Multiple ploys have been attempted, with globalists and autocrats particularly pushing an effort to have the International Telecommunication Union (ITU) seize control over the Web at a series of globalist conferences. One proposal even called for the creation of an Internet “kill switch.” Another would have created a global surveillance regime to monitor everyone’s online activities. Taxes, too, have been high on the agenda for the would-be planetary Internet regulators.

All of those schemes failed at the time, partly due to resistance from the West, but the threat never dissipated. In March, though, with global outrage boiling over lawless and unconstitutional NSA spying, the Obama administration’s Department of Commerce made a stunning, quiet announcement. Building on plans first developed under former President Bush, the U.S. government revealed that it would be relinquishing all remaining control over the so-called “root” or “keys” of the Internet next year to a non-profit multinational organization known as Internet Corporation for Assigned Names and Numbers, or ICANN….”

Full article 

Comments »

Bye Bye Miss American Pie

“As we have discussed numerous times, nothing lasts forever – especially reserve currencies – no matter how much one hopes that the status-quo remains so, in the end the exuberant previlege is extorted just one too many times. Headline after headlines shows nations declaring ‘interest’ or direct discussions in diversifying away from the US dollar… and as SCMP reports, Standard Chartered notes that at least 40 central banks have invested in the Yuan and several more are preparing to do so. The trend is occurring across both emerging markets and developed nation central banks diversifiying into ‘other currencies’ and “a great number of central banks are in the process of adding yuan to their portfolios.” Perhaps most ominously, for king dollar, is the former-IMF manager’s warning that “The Yuan may become a de facto reserve currency before it is fully convertible.”

The infamous chart that shows nothing lasts forever…

Nothing lasts forever… (especially in light of China’s recent comments)

 

As The South China Morning Post reports, Jukka Pihlman, Standard Chartered’s Singapore-based global head of central banks and sovereign wealth funds (who formerly worked at the International Monetary Fund advising central banks on asset-management issues), notes that:

At least 40 central banks have invested in the yuan and several others are preparing to do so, putting the mainland currency on the path to reserve status even before full convertibility

The US dollar remains in charge (for now)…but

The US dollar is still the world’s most widely held reserve currency, accounting for nearly 33 per cent of global foreign exchange holdings at the end of last year, according to IMF data. That ratio has been declining since 2000, when 55 per cent of the world’s reserves were denominated in US dollars.

 

The IMF does not disclose the percentage of reserves held in yuan, but the emerging market countries’ share of reserves in “other currencies” has increased by almost 400 per cent since 2003, while that of developed nations grew 200 per cent, according to IMF data.

As SCMP goes on to note, the rising popularity of the yuan among central bankers is probably mainly due to Beijing’s extremely favourable treatment of them as it has sought to encourage investment in the yuan.

For example, central banks…..”

Full article 

[youtube://http://www.youtube.com/watch?v=gNYkwsV6UD0 450 300]

 

Comments »

Italy’s Bishops Pass Vatican-Backed Rule That Child Molestation Does Not Have to be Reported

“Italy’s bishops have adopted a policy, with backing from the Vatican, that states they are not obliged to inform police officers if they suspect a child has been molested.

The Italian Bishops’ Conference said the guidelines published on Friday reflected suggestions from the Vatican’s office that handles sex abuse investigations.

Victims have denounced how bishops systematically covered up abuse by moving priests while keeping prosecutors in the dark.

Only in 2010 did the Vatican instruct bishops to report abuse to police — but only where required by law.

Italian guidelines cite a 1985 treaty between the Vatican and Italy stipulating that clergy aren’t obliged to tell magistrates about information obtained through their religious ministry. The guidelines remind bishops, however, they have a ”moral duty“ to contribute to the common good.

The ruling comes less than a week after….”

Full article

Comments »

A Shit Samich With No Bread

Remember when you put that flag on your piece of garbagio car? Remember when you cheered on the intital invasion of Iraq? Remember when you voted in for a second time a war mongering president be he white or black ? Well you were fed a shit samich and you ate it with a smile.

Remeber one thing; our tax dollars, your silent acceptance, or non protests are responsible for the deaths of innocent civilians…..and you claim to be a man or woman of God.

 

[youtube://http://www.youtube.com/watch?v=zh20apjqdI0#t=41 450 300]

bxyhb1ncqaah7pt

 

change

 

Click here for a word from General McChrstal

[youtube://http://www.youtube.com/watch?v=OGPD0ZBiMs0 450 300]

Comments »

Disturbing Tidbits on the Missing Malaysian Plane

Some claim that it is easy to manipulate meta data. If so, then this could all just be an interweb hoax. Perhaps an IP address would finalizd this claim. None the less, it has interesting elemenets of fact behind the larger claim.

[youtube://http://www.youtube.com/watch?v=4SvoBCksdqQ#t=89 450 300]

Comments »

Is Venezuela the Next Ukraine ?

“In a recent interview in Havana, a former CIA collaborator, Cuban Raúl Capote, revealed the strategy of the CIA in Venezuelan universities to create the kind of destabilizing opposition student movement the country is currently facing. He also discusses media manipulation, and alleges that one of the U.S. diplomats that President Maduro expelled from Venezuela last September was in fact a CIA agent. The following translation and notes were made by Sabina C. Becker. Original interview in Spanish here.

Raúl Capote is a Cuban. But not just any Cuban. In his youth, he was caught up by the US Central Intelligence Agency (CIA). They offered him an infinite amount of money to conspire in Cuba. But then something unexpected for the US happened. Capote, in reality, was working for Cuban national security. From then on, he served as a double agent. Learn his story, by way of an exclusive interview with the Chávez Vive magazine, which he gave in Havana:

Q. What was the process by which you were caught up?

It started with a process of many years, several years of preparation and capture. I was leader of a Cuban student movement which, at that time, gave rise to an organization, the Saiz Brothers Cultural Association, a group of young creators, painters, writers, artists. I worked in a city in southern-central Cuba, Cienfuegos, which had characteristics of great interest to the enemy, because it was a city in which an important industrial pole was being built at the time. They were building an electrical centre, the only one in Cuba, and there were a lot of young people working on it. For that reason, it was also a city that had a lot of young engineers graduated in the Soviet Union. We’re talking of the last years of the 1980s, when there was that process called Perestroika. And many Cuban engineers, who arrived in Cuba at that time, graduated from there, were considered people who had arrived with that idea of Perestroika. For that reason, it was an interesting territory, where there were a lot of young people. And the fact that I was a youth leader of a cultural organization, which dealt with an important sector of the engineers who were interested in the arts, became of interest to the North Americans, and they began to frequent the meetings we attended. They never identified themselves as enemies, or as officials of the CIA.

Q. Were there many of them, or just always the same person?

Several… They never presented themselves as officials of the CIA, or as people who had come to cause trouble, or anything.

Q. And who do you suppose they were?

They presented themselves as people coming to help us and our project, and who had the ability to finance it – that they had the chance to make it a reality. The proposal, as such, sounded interesting because, okay, a project in the literary world requires that you know a publisher, that you have editorial relations. It’s a very complex market. And they came in the name of publishers. What happened is that, during the process of contact with us, what they really wanted became quite evident. Because once they had made the contact, once they had begun frequenting our meetings, once they began to promise financing, then came the conditions for being financed.

Q. What conditions did they demand?

They told us: We have the ability to put the markets at your disposal, to put you on the markets of books or sculpture or movies or whatever, but we need the truth, because what we’re selling in the market, is the image of Cuba. The image of Cuba has to be a realistic one, of difficulties, of what’s going on in the country. They wanted to smear the reality of Cuba. What they were asking is that you criticize the revolution, based on anti-Cuba propaganda lines, which they provided.

Q. How big was these people’s budget? They came with an infinite amount of money, because the source of the money, obviously, we found out over time from whence it came. For example, there was USAID, which was the big provider, the overall contractor of this budget, which channeled the money via NGOs, many of them invented just for Cuba. They were NGOs that didn’t exist, created solely for this type of job in Cuba, and we’re talking thousands and thousands of dollars. They weren’t working on small budgets. To give you an example, at one time, they offered me ten thousand dollars, just to include elements of anti-Cuba propaganda, in the novel I was writing.

Q. What year are we talking about?

Around 1988-89.

Q. How many people could have been contacted by these people, or captured?

In reality, their success didn’t last long, because in Cuba there was a culture of total confrontation with this type of thing, and the people knew very well that there was something behind that story of them wanting to “help” us. It was nothing new in the history of the land, and for that reason, it was very hard for them to get to where we were. In a determined moment, around 1992, we held a meeting, all the members of the organization, and we decided to expel them. They weren’t allowed to attend any more of our meetings. Those people, who were already coming in with concrete proposals, and also preconditioned economic aid they were giving us. What happened is that at the moment we did that, and rejected them, we expelled them from the association headquarters, then they started to particularize. They began to visit with me, in particular, and other comrades as well, young people. With some they succeeded, or should I say, they succeeded in getting some of them out of the country as well.

Q. What kind of profile were they looking for, more or less, if any kind of profile could be specified?

They wanted, above all at that time, to present Cuba as a land in chaos. That socialism in Cuba had not managed to satisfy the needs of the population, and that Cuba was a country that socialism had landed in absolute poverty, and which, as a model, no one liked. That was the key to what they were pursuing, above all, at that time. Q. How long were you an agent of the CIA?

We were in this initial story until 1994. Because in 1994, I went to Havana, I came back to the capital and here, in the capital, I began to work for the Union of Cultural Workers, a union which represented the cultural workers of the capital, and I became more interesting yet to them, because I went on to direct — from being a leader of a youth organization with 4,000 members, to directing a union with 40,000 members, just in the city of Havana. And then, it gets much more interesting. Contacts followed. In that period there appeared a woman professor from a new university who came with the mission of kick-starting the production of my literary work, to become my representative, to organize events.

Q. Can you give her name?

No, because they used pseudonyms. They never used real names. And that type of work, promoting me as a writer, was what they were very interested in, because they wanted to convert me into a personality in that world. Promoting me now, and compromising me with them in an indirect manner. And then, in 2004, there arrived in Havana a person well known in Venezuela, Kelly Keiderling. Kelly came to Havana to work as Chief of the Office of Press and Culture. They set up a meeting. they arranged a cocktail party, and at that party I met with 12 North American functionaries, North Americans and Europeans. They weren’t only North Americans. All of them people with experience, some also inside the Soviet Union, others who had participated in training and preparation of the people in Yugoslavia, in the Color Revolutions, and they were very interested in meeting me. Kelly became very close to me. She began to prepare me. She began to instruct me. I began to receive, from her, a very solid training: The creation of alternative groups, independent groups, the organization and training of youth leaders, who did not participate in the works of our cultural institutions. And that was in 2004-5. Kelly practically vanished from the scene in 2005-6. And when I started to work, she put me in direct contact with officials of the CIA. Supposedly, I was already committed to them, I was ready for the next mission, and they put me in touch with Renee Greenwald, an official of the CIA, who worked with me directly, and with a man named Mark Waterhein, who was, at the time, the head of Project Cuba, of the Pan-American Foundation for Development.

This man, Mark, as well as directing Project Cuba, had a direct link to Cuba, in terms of financing the anti-revolutionary project, as well as being involved in working against Venezuela. That is, he was a man who, along with much of his team of functionaries of that famous project, also worked against Venezuela at that time. They were closely connected. At times it took a lot of work to tell who was working with Cuba, and who was not, because many times they interlocked. For example, there were Venezuelans who came to work with me, who worked in Washington, who were subordinates of the Pan-American Foundation and the CIA, and they came to Cuba to train me as well, and to bring provisions. From there arose the idea of creating a foundation, a project called Genesis.

Genesis is maybe the template, as an idea, of many of the things going on in the world today, because Genesis is a project aimed at the university youth of Cuba. They were doing something similar in Venezuela. Why? The idea was to convert universities — which have always been revolutionary, which have produced revolutionaries, out of those from which many of the revolutionaries of both countries came — and convert them into factories for reactionaries. So, how do you do that? By making leaders. What have they begun to do in Venezuela? They sent students to Yugoslavia, financed by the International Republican Institute (IRI), which was financed by USAID and by the Albert Einstein Institute, and sent them, in groups of ten, with their professors.

Q. Do you have the names of the Venezuelans?

No, we’re talking of hundreds being sent. I spoke with the professor, and watched one group and followed the other. Because they were working long-term. The same plan was also in place against Cuba. Genesis promoted, with in the university, a plan of training scholarships for Cuban student leaders and professors. The plan was very similar. Also, in 2003, they prepared here, in Havana, a course in the US Interests Section, which was called “Deposing a leader, deposing a dictator”, which was based on the experience of OTPOR in removing Slobodan Milosevic from power. And that was the idea, inside the Cuban university, to work long-term, because these projects always take a long time in order to reap a result. For that reason, they also started early in Venezuela. I believe as well — I don’t have proof, but I believe that in Venezuela it began before the Chávez government, because the plan of converting Latin American universities, which were always sources of revolutionary processes, into reactionary universities, is older than the Venezuelan [Bolivarian] process, to reverse the situation and create a new right-wing.

Q. Did the CIA only work in Caracas?

No, throughout Venezuela. Right now, Genesis has a scholarship plan to create leaders in Cuba. They provide scholarships to students to big North American universities, to train them as leaders, with all expenses paid. They pay their costs, they provide complete scholarships. We’re talking 2004-5 here. It was very obvious. Then, those leaders return to university at some time. They’re students. They go to end their careers. Those leaders, when they end their student careers, go on to various jobs, different possibilities, as engineers, as degree-holders in different sectors of Cuban society, but there are others who go on constantly preparing leaders within the university. One of the most important missions of the university leaders was to occupy the leadership of the principal youth organizations of the university. In the case of Cuba, we’re talking about the Union of Communist Youth, and the University Student Federation. That is, it was not to create parallel groups at that time, but to become the leaders of the organizations already existing in Cuba. Also, to form a group of leaders in the strategies of the “soft” coup. That is, training people for the opportune moment to start the famous “color revolutions” or “non-violent wars”, which, as you well know, have nothing to do with non-violence.

Q. What were they looking for in a professor, in order to capture them?

Professors are very easy. Identify university professors discontented with the institution, frustrated people, because they considered that the institution did not guarantee them anything, or didn’t recognize their merits. If they were older, even better. They didn’t specify. Look for older persons, so you can pick them. If you send a scholarship plan, or you send it and, first crack, they receive an invitation to participate in a great international congress of a certain science, they will be eternally grateful to you, because you were the one who discovered their talent, which has never been recognized by the university. Then that man you sent to study abroad, if you’re from his university, and participating in a big event, and publish his works, and constructing him a curriculum. When that person returns to Cuba, he goes back with a tremendous curriculum, because he has participated in a scientific event of the first order, has passed courses from big universities, and his curriculum reaches to the roof, then the influence he could have in the university will be greater, because he could be recognized as a leading figure in his specialty, even though in practice the man could be an ignoramus.

Q. And how effective were these types of captures, that type of missions they came to accomplish here?

In the case of Cuba, they didn’t have much of a result. First, because there was a most important reason, because I was the one directing the project, and I, in reality, was not an agent of the CIA, I was an agent of Cuban security, and so, the whole project passed through my hands, and they thought I was the one who would execute it. And the plan always passed through the work I was able to do, and what we did was slow it down as much as possible, knowing right away what was being planned. But just think, the goal of their plan, they were calculating for the moment in which the historic figures of the Revolution would disappear. They were figuring on a five- or ten-year term, in which Fidel would disappear from the political scene, and Raúl, and the historic leaders of the land. That was the moment they were waiting for, and when that happened, I was to leave university, with all the support of the international press and that of the NGOs, USAID, and all the people working around the CIA’s money, and that there would arise an organization which would present itself before the light of the public, as an alternative to what the Revolution was doing. That is what was to have happened with the Genesis Foundation for Freedom.

Q. What is that Foundation?

The Genesis Foundation for Freedom was to have a discourse, apparently revolutionary, but the idea was to confuse the people. The idea is that they would say they were revolutionaries, that what they wanted was to make changes in the government, but, when it comes to practice, when you get to the essence of the project, when you ask yourself “What is the project?” the discourse was, and the project was, exactly the same as those of the traditional right-wing. Because the changes they promoted, were the same that the right-wing, for a long time, has been promoting in the country. In practice, they almost had their big opportunity, according to their criteria, in 2006, when the news came out on TV that Fidel, for health reasons, was stepping down from his governmental responsibilities, and they have always said that the Cuban Revolution would die when Fidel died. Because the Revolution was Fidel, and on the day Fidel was no longer there, either by dying or leaving government, the next day the Revolution would fall. And they calculated that there would be internal confrontations, that there would be discontent with this or that. Calculations that I don’t know where they got them from, but they believed it. And in that moment, they believed that the time had come to act.

Q. We’re talking about 2006. What was the plan? They called me automatically. We met, the CIA station chief and I, here in Havana. Diplomatic functionaries also showed up, and one of them said to me, we’re going to organize a provocation. We’re going to organize a popular uprising in a central neighborhood in Havana. There will be a person going there to rise up for democracy, and we’re going to execute a group of provocations, in different locations, in such a way that Cuban security forces will be forced to act against these people, and later we’ll start a big press campaign and start explaining how all of this will function. The interesting part of that, what really caught my attention, was this: How was it possible that a functionary of the US Interests Section could have the power to call upon the principal media, and that those people would obey with such servility? It was really attention-getting. The idea was — and I even told them this — what you’re telling me is just crazy. This man you mentioned to me, called Alci Ferrer — the guy they picked, a young agent, a doctor — they picked him to be the ringleader of the uprising. I told them, that guy won’t budge anyone. No one is going to rise up in the centre of Havana. The date they picked was none other than Fidel’s birthday, and they told me that day! And I said, Look, buddy, if that man, on that day, decides to go make proclamations, or to start some kind of uprising in the middle of Havana, the people are going to respond harshly. It’s even possible that they might kill him. Why, how could you put him in a humble working-class neighborhood to start those things, the locals…And he told me, flat out, the best thing that could happen for us is if they kill that man, it would be perfect, and they explained to me what would happen. All he had to do was provoke. They would go into the street, and there would be a clash there. If that happened, the press would do the rest, and they told me, we’re going to start a huge media campaign to demonstrate that there is chaos in Cuba, that Cuba is ungovernable; that in Cuba, Raúl is unable to hold the reins of government; that the civilian population is being killed; that students are being repressed in the street, and the people in the street, that the police are committing crimes. What a resemblance to Venezuela! It’s not a coincidence. It’s like that.

Q. So, what was supposed to happen in those circumstances?

Once all the opinion matrices were created, and all the media matrices had constructed that image, the whole world was supposed to have the image of Cuba as a great disaster, and that they’re killing the people, that they are killing them all. Then, my organization was to complete the final task.

Q. What was the final task?…..” 

Full interview

Comments »

STFU You Piker Bait Fish

“We’re being Fed to the sharks, every day, one morsel at a time. What a way to go….

What can we say about the Federal Reserve’s policies that hasn’t been said a million times? How about simplifying the two primary purposes of Fed policies? I will cover one today and the second one tomorrow. Both involve feeding the 99.5% to the financier/ Wall Street/bank sharks.

Longtime readers are familiar with Harun I.’s incisive analysis. Two of his recent commentaries can be found in Resolution #1: Let’s Call Things What They Really Are in 2014 (January 15, 2014) and Doomed If We Do, Doomed If We Don’t (February 12, 2014)

In the above entries, Harun explained how the Fed’s money creation has leveraged a global bubble in assets. At 72-to-1 leverage, the Fed’s $3.3 trillion money expansion has generated inflation as well as asset bubbles, though the Fed and its cronies deny both asset bubbles and inflation.

Inflation is the Fed’s explicit, stated goal. The Fed wants prices to go up because that raises GDP (gross domestic product) and makes debt cheaper to service every year.

But alas, real income isn’t keeping pace–it’s declining. Median household income is down 7% since 2000, but if we strip out the top 1% households, the decline for the bottom 99% would be more than 7%. And if we strip out the top 10% households, the decline of the bottom 90% of households is much more than 7%.

Household income for the bottom 90% has been stagnant for four decades:

So the Fed is robbing the purchasing power of our money as a matter of policy. In simple terms, the Fed is stealing purchasing power and delivering the stolen wealth to the financiers and banks, who borrow money from the Fed for near-zero rates of interest….”

Full article

[youtube://http://www.youtube.com/watch?v=hEZzoEsBzVk 450 300]

Comments »

House Republicans Quietly Expand Obamacare Health Choices

“WASHINGTON (AP) – At the prodding of business organizations, House Republicans quietly secured a recent change in President Barack Obama’s health law to expand coverage choices, a striking, one-of-a-kind departure from dozens of high-decibel attempts to repeal or dismember it.

Democrats describe the change involving small-business coverage options as a straightforward improvement of the type they are eager to make, and Obama signed it into law. Republicans are loath to agree, given the strong sentiment among the rank and file that the only fix the law deserves is a burial.

“Maybe you say it helps (Obamacare), but it really helps the small businessman,” said Rep. Phil Roe, R-Tenn., one of several physician-lawmakers among Republicans and an advocate of repeal.

No member of the House GOP leadership has publicly hailed the fix, which was tucked, at Republicans’ request, into legislation preventing a cut in payments to doctors who treat Medicare patients.

It is unclear how many members of the House rank and file knew of it because the legislation was passed by a highly unusual voice vote without debate….”

Full article

Comments »

Russia Accuses U.S. Mercenaries of Provoking Civil War in Ukraine

“In response to claims by the Ukraine government (and the west) that Russia provoking trouble in Eastern Europe – with The White House’s Jary Carney even suggesting that pro-Russia demonstrators were paid – Russia’s foreign ministry has responded. Posting via their Facebook page, Russia urged Ukraine to halt any interior military preparations which could instigate a civil war. But the kicker, for which we anxiously await a rebuttal, is Russia’s comment that they “are particularly concerned that the operation involves some 150 American mercenaries.”

 

The US administration perspective… (via WaPo)

In Washington, the Obama administration expressed deep skepticism that the scattered uprisings and building takeovers in cities such as Donetsk and Kharkiv have been spontaneous. “There is strong evidence suggesting some of these demonstrators were paid,” said Jay Carney, the White House spokesman.

 

If Russia moves into eastern Ukraine, either overtly or covertly, this would be a very serious escalation,” Carney said.

The Ukrainian perspective…

The Ukrainian government dispatched its highest-level police and security officials to the region Monday in an effort to put down the separatist agitation.

 

Kiev is confronting an attempt to “destabilize the situation,” Prime Minister Arseniy Yatsenyuk said at an emergency cabinet meeting Monday. “The plan is for foreign troops to cross the border and seize the country’s territory, which we will not allow.”

And the Russian perspective, as ITAR-TASS reports,

The Russian Foreign Ministry urged Ukraine to halt any interior military preparations, which could instigate a civil war in the country, the ministry was quoted as saying on its Facebook.com account.

 

“According to our information, units of the Interior troops and Ukraine’s national guards as well as militants from the illegal armed formation ‘The Right Sector’ are being amassed in the southeastern parts of Ukraine and in the city of Donetsk,” the ministry said.

 

We are particularly concerned that the operation involves some 150 American mercenaries from a private company Greystone Ltd., dressed in the uniform of the [Ukrainian] special task police unit Sokol,” the ministry said.

It seems the tit-for-tat sanctions have escalated to tit-for-tat explanations of who is escalating. However, whet is clear is the Russian warning which seems to implicitly be ‘don’t start this or we will finish it’. All along Putin has claimed this is to protect his countrymen in a foreign nation…

 

Here is some color on Greystone…..”

Full article

Comments »

$C Warns Profits May Not Meet Expectations

Citigroup Inc. is warning investors it may miss a key profitability target after the Federal Reserve rejected the bank’s capital plan last month, people familiar with the matter say.

The Fed on March 26 shot down the New York bank’s proposal to boost its dividend and ramp up stock buybacks, saying it had failed to measure potential risks to its operations during a severe economic recession.

The rejection makes it unlikely Citigroup can hit its 2015 goal for return on tangible common equity….”

Full article

Comments »

Ukrainian Protesters in the East are Cleaned Out of Parliment Buildings by the Interim Neo Nazi Regime

“(Reuters) – Police detained 70 pro-Moscow protesters occupying a regional administration building in eastern Ukraine overnight, but others held out in a standoff in two further cities in what Kiev says is a Russian-led plan to dismember the country.

Ukraine says the seizure of public buildings in its mainly Russian-speaking industrial heartland on Sunday night is a replay of events in Crimea, the Black Sea peninsula Moscow annexed last month.

Interior Minister Arsen Avakov said protesters in the town of Kharkiv had been cleared in a lightning, 18 minute “anti-terrorist” operation, pinning responsibility for the building’s occupation on Russian leader Vladimir Putin and Ukraine’s ousted Moscow-backed president Viktor Yanukovich.

“All this (in Kharkiv) was inspired and financed by the Putin-Yanukovich group,” said Avakov.

NATO warned Moscow on Tuesday of “grave consequences” to its relationship with the West if it intervened further in Ukraine.

But Russian Foreign Minister Sergei Lavrov dismissed U.S. accusations that Moscow was destabilising Ukraine, saying the situation could improve only if the interests of Russian speakers were taken into account.

The pro-Russian protesters have been demanding that referendums be held on whether to join Russia like the vote, dismissed by the Kiev and West as illegal, that endorsed Crimea’s return to rule by Moscow.

An aide to Avakov said police went in when the Kharkiv protesters failed to give themselves up and surrender their arms. No shots were fired by the police, although some had been from the other side and a grenade was thrown, he said. One police officer was badly wounded and some others less seriously hurt.

The standoff however continued in the mining center of Donetsk – Yanukovich’s home base – where a group of pro-Russian deputies inside the main regional authority building on Monday declared a separatist republic…..”

Full article

Comments »

Dennis Gartman Sells Equities to Sit Out the Recent Pullback

“In a reversal of his more bullish take on U.S. equities in recent weeks, Dennis Gartman said Monday that he’s getting out of equities and sticking with cash and gold to ride out the recent pullback, which he called a “long-awaited and much-needed correction.”

On CNBC’s “Fast Money” on Monday, the editor of the Gartman Letter said simply, “I got scared.”

Gartman said that Friday’s action made it seem as though a switch was flipped in the minds of investors. “The whole world switched at that period of time,” he said.

That same switch evidently dimmed Gartman’s view of stocks as well; he pared down his exposure to equities from an average of 100 percent, to close to zero.

“In a bull market there are only three positions you can have: Really long, pleasantly long and neutral. It’s time to be neutral. It’s still a bull market. You don’t need to be short, but you don’t need to be long at this point. I think cash is the right place to be,” he said….”

Full article

Comments »

Woop Woop That’s the Sound of the Police

[youtube://http://www.youtube.com/watch?v=79RWAfx7o50 450 300]

police_brutality

[youtube://http://www.youtube.com/watch?v=LIeSLPwvK_Q 450 300]

Comments »

U.N. Bureaucrats Get Busy Smashing Your Second Amendment Rights

“The United Nations pseudo-“human-rights” bureaucracy released another report attacking Americans’ self-defense rights, “Stand Your Ground” statutes passed at the state level, and the U.S. Constitution’s Second Amendment protection of the people’s God-given right to keep and bear arms without government infringement. Agreeing with the Obama administration and the most extreme anti-Second Amendment members of Congress, the UN “Human Rights Committee” also claimed that the U.S. government needed to expand the unconstitutional background-check regime to include even private firearms sales.

In a section of the report entitled “gun violence,” the UN “experts,” virtually all of whom come from governments that do not recognize the fundamental human right to possess weapons or of self-defense, claimed to be “concerned” about multiple issues surrounding U.S. gun laws. Despite “measures taken to reduce gun violence,” an advance of the UN document claims, “the Committee remains concerned about the continuing high numbers of gun-related deaths and injuries and the disparate impact of gun violence on minorities, women and children.” It was not immediately clear where the outfit obtained its data.

Especially troubling to the UN bureaucrats was the alleged “discriminatory effect of ‘Stand Your Ground Laws,’” according to the report. While the UN “experts” praised an “investigation” conducted by the federal “Commission on Civil Rights” into the popular state protections for self-defense rights, the unelected international committee claimed to be “concerned about the proliferation of such laws that are used to circumvent the limits of legitimate self-defence [sic] in violation of the State party’s duty to protect life.” The report marks at least the third time in recent months that self-styled UN authorities have used discredited arguments to attack American protections for fundamental human rights.

The State Party [the U.S. government] should take all necessary measures to abide by its obligation to effectively protect the right to life,” the report continues, despite the fact that studies show widespread gun ownership protects lives. “In particular, it should: (a) continue its efforts to effectively curb gun violence, including through the continued pursuit of legislation requiring background checks for all private firearm transfers … and (b) review Stand Your Ground Laws to remove far-reaching immunity and ensure strict adherence to the principles of necessity and proportionality when using deadly force in self-defence.”

In other words, the UN is now brazenly and openly pushing for radical and unconstitutional changes to both U.S. and state law. In particular, the report is calling for a massive expansion of the background-check regime — a plot that was so extreme it did not even make it through the Democrat-controlled U.S. Senate amid a full-blown assault on gun rights by the Obama administration. Critics have attacked the controversial idea from all angles, but especially troublesome are the constitutional implications, as well as well-founded suspicions that the Obama administration is unlawfully trying to use background checks to compile a national gun registry in defiance of federal law……”

Full article

Comments »

Apollyon, Aka Beezlebub is Proud

[youtube://http://www.youtube.com/watch?v=WnmJ9JmqTtE 450 300]

shadowgovernment2

 

[youtube://http://www.youtube.com/watch?v=5H8G7aotaXQ 450 300]

 

Comments »

The Cheat Sheet for Your Coin

“In the history of capitalism, this is the hardest time ever to invest. People are going broke, losing their jobs, and fear more than greed rules the news and tries to rule thoughts.

In short: people are scared. And I do think the uncertainty is going to rise quickly so I wanted to put this note together.

In 2001 and 2002 I lost all my money through bad investing. The same thing happened to me on a couple of occasions after that.

So why should anyone listen to me about investing? You shouldn’t. You shouldn’t listen to anyone at all about investing. This is your hard-earned money. Don’t blow it by listening to an idiot like me.

Here’s my experience (and perhaps I’ve learned the hard way about what NOT to do and a little bit about what TO do.):

I’ve run a hedge fund that was successful. I ran a fund of hedge funds, which means I’ve probably analyzed the track records and strategies of about 1000 different hedge funds.

I’ve been a venture capitalist and a successful angel investor (I was a HORRIBLE venture capitalist though – but I put that under the category of “does not work well with others”).

I can’t raise money anymore. Nor do I want to play that game. I don’t BS about my losses and everyone else does.

So I’m not in that business anymore. It’s too much work to run a fund anyway.

In the past 15 years I’ve tried every investing strategy out there. I honestly can’t think of a strategy I haven’t experimented with.

I’ve also wrote software to trade the markets automatically and I did very well with that.

And I’ve written several books on my experiences investing, with topics ranging from automatic investing to Warren Buffett, to hedge funds, to long-term investing (my worse-selling book, “The Forever Portfolio”, which has sold 399 copies since it came out in December 2008, including one copy for the entire last quarter).

Incidentally, why publish a book called “The Forever Portfolio” during the worst financial crisis in history. I begged my publisher (Penguin) to postpone but they couldn’t. “It’s in the schedule” was their magic incantation. Publishers largely suck. The good news is: they will never make back the advance.

That said, all of the picks in that book have done excellently since then but the one thing I am proud of is that I made a crossword puzzle for the book. I don’t know of any other investing book with a crossword puzzle in it.

So, Ok! Let’s get started. Don’t follow any of my advice. This is advice that I do and follow and it works for me.

A) SHOULD I DAYTRADE?

Only if you are also willing to take all of your money, rip it into tiny pieces, make cupcakes with one piece of money inside each cupcake and then eat all of the cupcakes.

Then you will get sick, and eat all of your money, but it will taste thrilling along the way. Which is what daytrading is.

B) I DON’T BELIEVE YOU. MANY PEOPLE DAYTRADE FOR A LIVING.

No. I personally know of two. Maybe three. And they work 24 hours a day at it and have been doing it for a decade or more. So unless you want to put in that amount of time and be willing to lose a lot first then you shouldn’t do it.

One more thing: when you daytrade and lose money it’s not like a job.

When you go into a job you NEVER lose money. If you show up for two weeks, you get paid. Even if you have been warned repeatedly about sexual harassment you still get paid. You might get fired but they won’t take your money.

The stock market TAKES your money on bad days. Sometimes it takes a lot of your money. We’re not used to the brutality of that and it can destroy a person psychologically, which makes one (me) trade even worse.

C) WELL, WHO MAKES MONEY IN THE MARKET THEN?

Three types of people:

1) People who hold stocks FOREVER. Think: Warren Buffett (has never sold a share of Berkshire Hathaway since 1967) or Bill Gates (he sells shares but for 20 years basically held onto his MSFT stock).

2) People who hold stocks for a millionth of a second (see Michael Lewis’s book “Flash Boys” which I highly recommend.) This is borderline illegal and I don’t recommend it.

3) People who cheat.

I’ve seen it for 20 years. I’ve seen every scam. I can write a history of scams in the past 20 years.

Without describing them, here’s the history: Reg S, Calendar trading, Mutual fund timing, Death spirals, Front running, Pump and Dump, manipulating illiquid stocks, Ponzi schemes, and inside information. Inside information has always existed and always will exist.

One time I wanted to raise money for one of my funds. I went to visit my neighbor’s boss. The boss had been returning a solid 12% per year for 20 years.

Everyone wanted to know how he did it. “Get some info while you are there,” a friend of mine in the business said when he heard I was visiting my neighbor’s boss.

The boss said to me, “I’m sorry, James. We like you and if you want to work here, then that would be great. But we have no idea what you would be doing with the money. And here at Bernard Madoff Securities, reputation is everything”.

So I didn’t raise money from Bernie Madoff although he wanted me to work there.

Later, the same friend who wanted me to get “info” and “figure out how he does it” said to me: “we knew all along he was a crook.”

Which is another thing common in Wall Street. Everybody knows everything in retrospect and nobody ever admits they were wrong.

Show me a Wall Street pundit who says “I was wrong” and I’ll show you…I don’t know…something graphic and horrible and impossible [fill in blank].

D) So how can one make money in the market?

I told you about: #1. Pick some stocks and hold them forever.

E) What stocks should I hold?…..”

Full article

Comments »

Former Regulators Say Never Mind High Frequency Trade Rigging and Pay Closer Attention to Dark Markets

“Fears that high-speed traders have been rigging the U.S. stock market went mainstream last week thanks to allegations in a book by financial author Michael Lewis, but there may be a more serious threat to investors: the increasing amount of trading that happens outside of exchanges.

Some former regulators and academics say so much trading is now happening away from exchanges that publicly quoted prices for stocks on exchanges may no longer properly reflect where the market is. And this problem could cost investors far more money than any shenanigans related to high frequency trading.

When the average investor, or even a big portfolio manager, tries to buy or sell shares now, the trade is often matched up with another order by a dealer in a so-called “dark pool,” or another alternative to exchanges.

Those whose trade never makes it to an exchange can benefit as the broker avoids paying an exchange trading fee, taking cost out of the process. Investors with large orders can also more easily disguise what they are doing, reducing the danger that others will hear what they are doing and take advantage of them.

But the rise of “off-exchange trading” is terrible for the broader market because it reduces price transparency a lot, critics of the system say. The problem is these venues price their transactions off of the published prices on the exchanges – and if those prices lack integrity then “dark pool” pricing will itself be skewed.

Around 40 percent of all U.S. stock trades, including almost all orders from “mom and pop” investors, now happen “off exchange,” up from around 16 percent six years ago.

This trend is “a real concern,” John Ramsay, former head of the U.S. Securities and Exchange Commission’s Trading and Markets division, said on the sidelines of a conference in February. “We have academic data now that suggests that, yes, in fact there is a point beyond which the level of dark trading for particular securities can really erode market quality.”

Given the $21.4 trillion worth of U.S. stocks that were traded in 2012, even a small mispricing can move the needle by tens of billions of dollars.

Lewis’ new book, “Flash Boys: A Wall Street Revolt,” says that high speed traders bilk that kind of money from investors every year. He focuses on how high-frequency trading firms use ultra- fast telecom links, microwave towers and special access to exchanges to gain an edge over other traders.

The U.S. Justice Department is investigating high-speed trading for possible insider trading, Attorney General Eric Holder told lawmakers on Friday. Other regulators and the FBI have also confirmed they are looking into potential wrongdoing by high-frequency stock traders.

But whether or not high-speed trading is sinister, revenues for these firms have been declining for years: in 2013, they were about $1 billion, after peaking at around $5 billion in 2009, according to estimates by Rosenblatt Securities. If, as Lewis says, these traders are doing nothing more than ripping off the rest of the market, it’s a shrinking problem.

Meanwhile, as the revenue from high frequency trading has waned, trading outside of public exchanges has been on the rise, threatening to roll back decades of progress towards more transparent markets.

EXCHANGES ARE LAST RESORT….”

Full article

Comments »

Eastern Ukraine Protestors Stand Up for Legitimacy and Secession

“Update with Ukraine’s take: SEPARATIST ACTION IN EAST UKRAINE SHOWS “SECOND STAGE OF RUSSIAN SPECIAL OPERATIONS AGAINST UKRAINE” IS UNDERWAY-UKRAINIAN ACTING PRESIDENT – RTRS

Less than a month after the Crimean referendum which pulled the region away from Ukraine and ceded it to Russia, another east Ukraine regional city, Donetsk, has just declared its independence from Kiev following the previously reported mini coup yesterday in which pro-Russia activists seized the government building in the city, as well as the other two regional capitals. Specifically, as RT reports, today at 12:20 local time, a session of the people’s Council of Donbass (Donetsk region) took place in the main hall of the Regional Council and without the police (whose allegiance to Kiev also appears to be non-existent) intervening, unanimously voted on a declaration to form a new independent state: the People’s Republic of Donetsk.

Sure enough, promptly thereafter the Council of the new republic issued an address to Russian President Vladimir Putin, asking for deployment of a temporary peacekeeping force to the region. Just like Crimea.

And so another city pulls away from Ukraine and gives Russia the go ahead to create a toehold in East Ukraine, just according to Putin’s plan.

RT has the details:

The Council proclaimed itself the only legitimate body in the region until the regions in southeast Ukraine conduct a general referendum, set to take place no later than May 11.

The Council in Donetsk issued an address to Russian President Vladimir Putin, asking for deployment of a temporary peacekeeping force to the region.

“Without support it will be hard for us to stand against the junta in Kiev,” said the address…..”

Full article

Comments »