http://www.zerohedge.com/news/end-nigh-rockefellers-and-rothschilds-merge
Submitted by Tyler Durden on 05/30/2012 09:16 -0400
http://theulstermanreport.com/2012/05/30/white-house-insider-obama-in-serious-trouble-and-that-makes-him-very-dangerous/
http://www.guardian.co.uk/world/2012/jun/01/obama-sped-up-cyberattack-iran
Is The End Nigh: Rockefellers And Rothschilds Merge
You know its bad when... two of the largest and best-known 'familia' in Europe and the US come together. As the FT reports, The Rockefellers and The Rothschilds are uniting under a common group as Rothschild Investment Trust and Rockefeller Financial Services become one. The patriarchs (David Rockefeller 96, and Lord Rothschild 76) have been 'connected' for five decades. Between the Rothschild's 'sprawling' multi-century banking empire across Europe and the Rockefeller's roots in 1882 Oil-money, we can only imagine the Illuminati, Freemasons, Templars, and Central Bankers of the world are quaking in their boots at this new global force for change - The Rothsellers or is it The Rockchilds. What next? It seems only Soros is left to complete the holy trinity...
and.....
http://www.zerohedge.com/news/did-one-jamie-dimons-closest-traders-betray-him-and-cost-firm-billions-losses
Did One Of Jamie Dimon's Closest Traders Betray Him And Cost The Firm Billions In Losses?
Submitted by Tyler Durden on 05/30/2012 09:21 -0400
As we predicted some time ago, it would be only a matter of time before the story of how one failed prop desk trader, in this case Boaz Weinstein who blew up DB Prop only to be resurrected as the successful head of Saba Capital, took down the London whale Bruno Iksil. Sure enough over the weekend, the NYT penned a largely one-sided if entertaining read: "The Hunch, the Pounce and the Kill" which begins as follows 'It was last November, and Mr. Weinstein, a wunderkind of the New York hedge fund world, had spied something strange across the Atlantic. In an obscure corner of the financial markets, prices seemed out of whack. It didn’t make sense. Mr. Weinstein pounced." The trade of course was the IG 9 -10 year which we have dissected infinitely in the past two days. And while the NYT story makes for great copy, and has a great narrative it is missing one crucial feature, namely what happened in those two crucial months before Boaz was pitching the IG9 trade, and thus during which he was establishing the position (because only those "hedge fund managers" who appear on CNBC discuss their positions if they haven't already built up their max positions). What happened is the following: "Saba Capital Management LP... hired Toby Maitland Hudson from JPMorgan Chase & Co. as the firm’s assets reach $4.1 billion, according to people familiar with the hire.Maitland Hudson, who started at Saba in New York last month, ran JPMorgan’s proprietary trading of derivatives tied to commercial-mortgage bonds and will focus on relative value trades."
So... one wonders, did Boaz hire JPM prop trader Maitland Hudson in what is nothing but a fishing expedition, so well known to the hedge fund industry, where one gets a job and a guarantee in exchange for the firm's entire P&L and positional blotter?Yes, Hudson traded prop CMBS, put with all prop traders sitting next to each other, everyone knew what everyone else was doing, something we discussed back in 2009 when we demanded a seating chart of Goldman's prop and flow traders. In which case did Saba know well in advance of everyone what the biggest CIO prop bet was, allowing it to take appropriate bets? Furthermore, if Saba learned of Iksil's entire blotter by hiring one JPM trader, does he know all other JPM positions as well? And how soon until a "hedge fund syndicate" leaks to the WSJ and Bloomberg at the same time just what other Fed-backstopped market moving JPM positions need the urgent attention of the market?
Of course, all this assumes that Iksil and the CIO had the IG9 trade on in September. Which is possible because as we noted this is around the time the delta hedge started going horribly wrong for JPM and it was forced to start selling IG9 to offset its tranche exposure.
And if indeed the case, the biggest irony here is the implied one: that Jamie Dimon was ultimately betrayed by one of his own - sure he had to go on gardening leave, but with a $100 billion notional position, being out of the market for 1 month does nothing for a positional refresh - it is not like JPM could unwind that position then.
It certainly can't unwind now. And with every day that IG9-10Y leaks wider, it simply means more and more pain for JPM which allowed itself to be taken in by the oldest ruse on Wall Street.
Finally, and this is the $64K question: what other trade secrets of JPM have been leaked to the hedge fund world, which suddenly finds itself with all the leverage in taking on the TBTFs?
and.....
WHITE HOUSE INSIDER: Obama In Serious Trouble – And That Makes Him Very Dangerous
“He owes them for everything. Everything he’s got – they gave to him. Everything. The guy’s Manchurian to the shoes on his feet.” -WHI
Note: For the past two years we have been receiving information from a longtime Democratic Party operative who has worked at the highest levels of American politics -including direct access to presidential administrations. Once closely allied to the Clinton machine, and then later playing a significant role in helping to elect Barack Obama in 2008, this individual came to realize just how inept and dangerous was the then-newly elected President Obama and his circle of closest advisers, namely Valerie Jarrett. Since that time this insider has time and again shared information that has later proven accurate, including rampant White House infighting, re-election strategies, Obama’s strained relationship with Democrats in Congress and the U.S. military, and more personal details specific to Barack Obama the man – a figure who suffers from emotional extremes including depression and who spends far more time in his second floor White House study than he does working in the Oval Office as President of the United States.
Here now is Part One of our most recent face to face interview with White House Insider…
______________________
UM: We agreed to a series of word associationsto start this off. You still ok with that?
WHI: Sure – yeah. Fire away.
UM: Mitt Romney.
WHI: The next President of the United States. He better be – or…or people don’t know – they don’t realize how bad – how dangerous thingswill get. And fast.
UM: Hillary Clinton
WHI: Don’t trust her. Never have. I used to respect her…I still want to…Hope she proves herself – hope she does the right thing and stays the f-ck away from this administration when she leaves. IF she leaves.
UM: Bill Clinton
WHI: (Long Pause)
…..Disappointment. But he might surprise us yet. He…he could be playing this about right. Maybe. He’s still got game, but word is…he gets tired fast. Ain’t got the focus…I’d still count him as a friend though. Yeah – I would.
UM: -Name Deleted- (Wall Street Insider)
WHI: God bless him. And I mean that. What he’s going through…tough little son-of-a-b-tch. I’ve come to love that man. He still scares the sh-t out of me too. But man oh man…no way we could have kept at this without him. He’s pushed this-this…whatever we call what we’ve been doing here…he’s legitimized it. Protected it. Protected us. I don’t know if you’ll ever know how much…he don’t talk about it…but I know. I’m seeing things in the news everyday now – just about everyday…I read the headline and smile. It’s him. He’s doing it. Will it be enough? (shrugs) Maybe. Maybe not. But g-dammit I’m sure as hell grateful we got him on our side.
UM: Valerie Jarrett
WHI: Most dangerous woman in America. Bar none. She’s the conduit – Obama and Chicago.
UM: Michelle Obama
WHI: Second most dangerous woman in America. And both those ladies…they scare the hell out of the president. I was told he hates them both – on some level. Hates them both. Now I don’t – I won’t pretend to know the psychology behind that kind of thing…but it don’t take a degree to know whatever it is they got there…it’s all kinds of f-cked up.
UM: Eric Holder
WHI: Borrowed time. Tough-tough-tough. Smart. You know…now don’t take this the wrong way here now…I come to respect him on some level. Not saying I like the man – not in the least. But he has managed to intimidate enough people…use the machine to his advantage…the guy is good. Real good. And that is horrible for the country. That’s why I have been saying for – since we started this. The guy has got to go. Got to be forced out – removed…whatever. I called him Obama’s firewall…long time ago. Right? Day one that’s what I called him. Obama’s firewall. Jarrett’s firewall. Jarrett has kept him in place. Confirmed that. There was a moment…last year. Late last year. Talks within the administration – they were getting heat from some of the boys on the Hill. Wanted the bad P.R. that was surrounding the DOJ to be put to bed long before the election year stuff ramped up. Take their licks and then move on. So they wanted Eric Holder to step down. Put a fresh face in there.
(Pause)
You mind if I go on about this for a bit?
UM: Go ahead – please proceed.
WHI: So…where was it? Where was I?
UM: Members of Congress wanted Holder gone. Before the election year started.
WHI: Right – that’s it. They – not a big group of them…but some big names. Handful of them telling the White House…they were worried the hearings might catch on with the public…Fast and Furious – they didn’t want to contend with that situation during an election year. So they wanted Holder out. They made that clear – made it very clear to the White House.
…then Jarrett got word of it. Real quick of course because almost everything that is to get to the president she approves of first. I told you that – two years ago. Before almost anyone even knew who the hell Valerie Jarrett was, right? She is management in the White House. She has the veto power over who gets in and who stays the f-ck out. So she got word of these particular Democrats – a Senator in particular who the rest of them were hiding behind. And she brought the wrath of God down on that poor bastard. There was a meeting. The two of them. Face to face. He was at the White House on something totally unrelated – but she had someone send him up to the second floor – her office upstairs. The real West Wing in the Obama WhiteHouse…and she absolutely destroyed a United States Senator and she didn’t give a sh-t who overheard it. The man left her office…he was pale. Shaking like-like one of them poor palsy bastards.
There had to have been a threat made. On him. On his family. Money. Something. And she must have made it absolutely clear to the guy she was not playing around. And there has not been a word about Holder stepping down from those people since. This Senator you see – the others were hiding behind him. They figured he had enough…hell I woulda thought the same damn thing. The guy is a f-cking institution. She left him pale and shaking and once he backed off – the others went running for cover.
You ask me about Valerie F-cking Jarrett? That’s Valerie Jarrett and her relationship to the Obama White House. She IS the Obama White House. Even Michelle defers to her – and that woman…she’s a hard unlikeable…I won’t use that word…but even she defers to Jarrett.
(Pause)
UM: Back to the word association…Barack Obama.
WHI: Dangerous.
UM: Please elaborate.
WHI: Barack Obama is in serious trouble – and that makes him very dangerous.
UM: Talk about that trouble – explain that.
WHI: Not just political…the election. It’s what losing…if he loses there are people who are gonna be…extremely disappointed. Back to Chicago.
(Pause)
You remember when I was telling you how I took some trips – I was in Chicago regularly for a while…how I kept seeing Obama operatives. They were everywhere? You remember that?
UM: Yeah. –comment deleted—
WHI: Leave that part out…now remember, this was long before Obama’s campaign headquarters were announced, right? When I was telling you that? How I thought it was weird they were everywhere? A president…the re-election team normally stays in D.C. But I was seeing them all overChicago…and later of course…we find out the re-election headquarters is in Chicago. Now why is that? Media never chased that one. That’s different. Odd. Shoulda got some more attention – hell like a lot of things, right? But it was another Back to Chicago moment for these people – Obama. All of them. The whole thing…the whole operation.
Why do we got a sitting president who resides in Washington DC…why is his re-election headquartered in Chicago? That make sense to you?
UM: No – but very little about this administration makes sense to me.
WHI: Fair enough – fair enough. I get that.
Well…then it hits me. Dumbass like me- sometimes I gotta get hit over the head with it before I figure it out. They are back in Chicago because the ones who invested in this whole thing…Obama’s career…all the way to the White House…they were getting nervous. They want a return on this investment, so they want the re-election efforts…they want all of that right under them so they can keep it close. So they can jerk Obama’s chain if they need to. Because if Obama doesn’t get that second term…the plan is left unfinished and in danger of being undone. And they are gonna be pissed. And that scares the sh-t out of Barack Obama. He owes these people. He owes them for everything. Everything he’s got – they gave to him. Everything. The guy’s Manchurian to the shoes on his feet.
UM: Manchurian?
WHI: Yeah – and I ain’t throwin’ that out there offhand. I mean it. He’s Manchurian to the shoes on his feet. Barack Obama. The President of the United States. He has been manufactured since day one. Day f-cking one. And I don’t mind sayin’ it like that. Not one bit because it’s true. And I’ll tell you this too – you stay the hell out of Chicago. Don’t even think about touching down there. And that comes from the Old Man himself.
Too dangerous. Way too f-cking dangerous. For me. For you. For any of us.
UM: You’ve turned into a full blown conspirator.
WHI: You call it whatever the f-ck you want. I’ll call it this…I’ll say it…what it really is. John 9:30.
UM: What?
WHI: (Smiles) John 9:30 You go look it up. I been getting religion lately son. For real. I was never one for praying…but I am praying every damn day now. Praying for all of us. My own f-cking redemption. Yours. Mine. This country that’s hanging by a thread like nobody knows. And my eyes have been opened.
Look – I ain’t joking around here. You stay out of Chicago. That’s not just me sayin’ that. That’s comin’ from the Old Man. We’re takin’ our ball and going home on that one. No more.
UM: How’d you know?
WHI: Don’t bother asking that. Move this along.
UM: Who are these people?
WHI: We’ve discussed them. It’s all there. Most of it anyways…that’s the most frustrating thing really. It’s all there. You’ve touched on it…others have done it in a lot more detail than you have. No offense…but there’s been others who have really put a lot of it together. But you’ve got the basics down…the unions are big in it. They own him. Obama. They own him. Globalists. Jarrett is in that. Obama was taught day one to hate America, right? So Big Labor, the globalists, the socialists, the communists, Green Energy…all that bullsh-t is just a different side of the same f-cking face. It’s all the same. And Barack Obama is their creation.
(Pause)
You did something on the…the drone story, right? How Obama loves to use those drones. His kill list? The Times did a write up on that?
UM: Yes – I…just yesterday. Obama’s interest in personally giving the go ahead to bomb specific targets using drones.
WHI: Right – now ask yourself this…why is a president so consumed by this one little part of the job? Now that may sound…I don’t mean to dismiss the taking of human life as a little part of the job…but hell…fact is…I don’t know of a president who has ever taken such…personal interest…I’m gonna come right out and call it pleasure, ok? Barack Obama takes personal pleasure in using those drones. Now why is that? ‘Cause that kind of obsession – that ain’t normal. He’s a lazy slob of a president – but that damn drone program has his full attention. He love’s the sh-t outta those godd—mn drones. He spends hours watching television, or flying around giving another speech – but he don’t miss one of those kill meetings.
So ask yourself – WHY? And I’ll tell ya that once you figure out that, then you see the big picture. You see what’s going on here – you see the payoff. You see how odd things he’s said in the past…how they now make a hell of a lot more sense now. You see what a second Obama term really means for us. You see why the military is getting more and more nervous about this guy…you see why it’s got somebody like the Old Man so upset and so damn afraid. You have…just like I did…you have your own John 9:30 moment.
(Pause)
…Obama loves them drones. He has made them a personal priority above all else.
The question that is also the answer to so much of this then – is WHY? From there…I got the goods…I told you what their re-election plan was. How they are gonna use race, division, chaos…that’s the re-election plan. Folks are talking now…from inside the administration. And they are afraid. Sh-t ain’t right. Where they wanna take us – and it’s got people upset. Military had wind of it first…the Old Man knew…now it’s spreading. Not about the election campaign -the second term plan. There’s denials being sent back…but nobody trusts them now. And the ones who do…they are in on it themselves. Others…like me…you might see us smilin’ and noddin’…but know that’s just the public face we are putting on. We gotta do that to maintain access. Don’t let that throw you – you’re gonna see more and more of that in the coming months. That just needs to be done. We lose our access…makes it a hell of a lot tougher to plan, right? So you may see me saying one thing…I’m doing it different. You gotta trust me on that. There will come a time in all of this…it’s gonna get tough, it’s gonna get weird…you’re gonna feel used up. Betrayed. When we reach that point, and we will – I’m tellin’ you now – we will reach that point…trust is what will keep it all together. If we don’t have that…they win. And if they win – we all are gonna lose and lose hard.
The country’s really in the sh-t now…and the papers runnin’ low…
and why brag about cyber warfare ? Things are really getting odd with the WH ..... releasing what one must believe to be classified information just for political gain in insane.....
Obama 'sped up cyber-attacks' on Iran's nuclear programme
US president accelerated pace of computer sabotage in 2010 even after Stuxnet leak, according to New York Times report
Email
The computer virus Flame: Iranian PCs were recently hit by the virus, which is 20 to 40 times larger than Stuxnet. Photograph: AFP/Getty Images
President Barack Obama's administration has taken direct responsibility for a rapid acceleration in cyber-attacks against Iran's nuclear programme.
According to anonymous senior administration sources quoted in the New York Times, Obama decided to speed up a programme first launched by his predecessor, George W Bush, codenamed Olympic Games, whose aim was to use computer viruses to attack Iran's nuclear enrichment programme.
The decision to reveal Obama's role in the cyberwar against Iran follows hard on the heels of the highly political disclosure in an election year that the president had taken a personal role in approving terrorist targets for US drone strikes.
And the depiction of his key involvement in two major clandestine military operations follows photographs last year showing him, as commander-in-chief, awaiting news of the death of Osama bin Laden.
The revelations on Iran appear designed to neutralise Republican accusations that he has been weak over the issue of Iran's nuclear programme.
According to the New York Times, Obama took the decision to accelerate the pace of computer sabotage against Tehran in 2010 even after details about one of the cyberweapons developed to attack Iran, the so-called Stuxnet worm, accidentally leaked on to the internet because of a programming error.
That worm had been designed to target Iran's Natanz plant.
At a meeting in the White House situation room within days of the worm's "escape", Obama asked his advisers, including Leon Panetta, the head of the CIA, whether the effort should be wound up because it had been compromised.
According to sources in the room at the time, Obama asked: "Should we shut this thing down?" before deciding instead to push ahead with the attacks. The Natanz plant was hit twice more by versions of the worm, which damaged up to 1,000 high-speed centrifuges then enriching uranium.
The revelation of Obama's involvement in ordering cyber-attacks on Iran in a joint programme also involving Israel, follows the disclosure earlier this week that Iran had recently been hit by a massive new virus named Flame, 20 to 40 times larger than Stuxnet, found infecting PCs in Iran.
According to Symantec – a Russian-based computer security firm that has studied both Stuxnet and Flame – the first Stuxnet attack on Iran took place around June 2009, but its existence did not emerge until almost a year later, appearing to fit precisely the timeline proposed by the New York Times' sources.
Indeed, some experts have said there are sufficient similarities between the two worms to suggest they have the same source.
The timing of the disclosure to David E Sanger, who boasts of access to Obama and his closest officials, is significant in a presidential election year.
In recent weeks, Republican candidate Mitt Romney has tried to portray the Obama administration as weak and muddled on foreign policy, most recently over the crisis in Syria.
The recent highly sympathetic media disclosures appear to have been carefully calculated to counter this suggestion.
The programme was first launched in 2006 under President Bush, who had been advised that a cyberweapon might be more effective than sabotage – the CIA had introduced faulty materials into Iran's nuclear procurement networks.
The goal then was to secretly access Natanz's industrial computer controls, which had been designed by the German company Siemens, to acquire a detailed blueprint of how it worked.
That achieved, a joint US-Israeli operation set about building a worm to attack the plant's computer systems and make its centrifuges run out of control.
As was suggested at the time, Stuxnet appears to have been introduced into the Iranian plant with contaminated thumb drives.
"That was our holy grail," one of the architects of the plan said, referring to how the plant was physically accessed. "It turns out there is always an idiot around who doesn't think much about the thumb drive in their hand."
American sources quoted also blame Israel for the eventual discovery of the worm, which had been intended to remain secret, after the US's Israeli partners had modified Stuxnet and made a programming error that caused it to escape and replicate in cyberspace.
The disclosures also throw fresh light on the rapid development of US cyberwarfare capability and reveal its willingness to use cyberweapons offensively to achieve policies.
No comments:
Post a Comment