Thursday, August 22, 2013

Is the Muslim Brotherhood attempting to black President Obama regarding Benghazi ? Is another catastrophic event about to be rolled out - was that the purpose of Monday's meeting between President Obama , the Regulators ( FDIC/ CFTC / SEC / OCC ) and of course the Banksters ? Treasury meltup in yields causing interest rate derivatives " heartburn ? And just where does Larry Summers fit in - and why is he being " forced " upon us as the next Federal Reserve Board Chairman ?


Lots of wild FWIW items floating these days...



Obama Bankrolled Attack On The Benghazi Consulate

It has been widely reported in Egyptian media that one of the leaders in the attack against the Benghazi consulate on September 11, 2012 was Mohsen Al-Azazi.
According to Ahmed Moussa, a former high ranking intelligence official with the Egyptian government and several other sources, Al-Azazi’s passport was found in the house of Khairat Al-Shater, the Number Two man in the Muslim Brotherhood hierarchy, now under house arrest in Egypt by the Egyptian military. Al-Azazi has been implicated as the actual assassin of Ambassador Christopher Stevens.
But this is only the beginning of a blockbuster story.
According to Khairat Al-Shater’s son, Saad Al-Shater, his father is in possession of information linking Obama with criminal activities tied to the Muslim Brotherhood.
As reported by at least six Arabic news sources:
In an interview with the Anatolia News Agency, Saad Al-Shater, the son of a Muslim Brotherhood leader, the detained Khairat Al-Shater said that his father had in his hand evidence that will land the head of United States of America, President Obama, in prison.
Further, as reported by several Arabic news sources, citing a Libyan Intelligence document dated September 15, 2012, six Egyptians from the terrorist group Ansar al-Sharia based in Egypt were arrested for the Benghazi attacks and confessed that then-Egyptian Muslim Brotherhood President Mohammed Morsi was behind the attack. Additionally, Muslim Brotherhood researcher Walid Shoebat has obtained a copy of the Libyan Intelligence document and confirms Mohammed Morsi is named in the confession.
Per Shoebat’s translation of the document:
The most distinguished names that were obtained from the confessions by members of the cell, is the person, the President of Egypt, Mohammad Morsi…
The Libyan Intelligence document goes on to name five other co-conspirators, all members of the Muslim Brotherhood.
This is the same Mohammed Morsi who Barack Hussein Obama was fawning over and sent hundreds of millions of dollars to in foreign aid. The same Mohammed Morsi that Obama is stillsupporting, sending his minions to lobby for his release by the Egyptian military. This despite the fact that the Egyptian military has evidence that Morsi conspired with the terrorist group Hamasto murder thousands of Egyptian citizens.
There is even a video of Ansar al-Sharia, the group that attacked the Benghazi consulate,admitting that it was Morsi who was behind the attack. This was broadcast on Libyan TV!
But there’s more.
According to Arabic News Channel TV14 and reported on by Egypt Daily News, Obama sent aneight billion dollar secret bribe to the Muslim Brotherhood to guarantee that the Egyptian Sinai Peninsula be turned over to the terrorist group Hamas. Hamas, a Muslim Brotherhood sister group, works directly with Ansar al-Sharia in the Sinai Peninsula. Channel TV14 goes on to say that the agreement was signed by Mohammed Morsi and the Muslim Brotherhood’s second in command, Khairat Al-Shater, now under house arrest in Egypt, who says he has documents that will put Obama in prison!
But it gets worse: the eight billion dollars that Obama sent to the Muslim Brotherhood was shared with Ansar al-Sharia, the group that attacked our consulate and CIA Annex in Benghazi on September 11, 2012.
If all of this proves to be true, Barack Hussein Obama funded the attack on the Benghazi consulate and CIA Annex. Barack Hussein Obama funded the assassination of  U.S. ambassador Christopher Stevens and three other Americans. Barack Hussein Obama is therefore an accessory to murder, not to mention a traitor!

Larry Summers
and the Secret "End-Game" Memo


Thursday, August 22, 2013
By Greg Palast for Vice Magazine


When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it.

The Memo confirmed every conspiracy freak's fantasy:  that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet.  When you see 26.3%unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers' secret End Game was Larry Summers.  Today, Summers is Barack Obama's leading choice for Chairman of the US Federal Reserve, the world's central bank.  If the confidential memo is authentic, then Summers shouldn't be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

To get that confirmation, I would have to fly to Geneva  and wangle a meeting with the Secretary General of the World Trade Organization, Pascal Lamy.  I did.  Lamy, the Generalissimo of Globalization, told me,
"The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people…. We don't have cigar-smoking, rich, crazy bankers negotiating."
Then I showed him the memo.

It begins with Summers’ flunky, Timothy Geithner, reminding his boss to call the then most powerful CEOs on the planet and get them to order their lobbyist armies to march:
"As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs…."
To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed their private lines.  And here they are:
Goldman Sachs:  John Corzine (212)902-8281
Merrill Lynch:  David Kamanski (212)449-6868
Bank of America, David Coulter (415)622-2255
Citibank:  John Reed (212)559-2732
Chase Manhattan:  Walter Shipley (212)270-1380
Lamy was right: They don't smoke cigars.  Go ahead and dial them.  I did, and sure enough, got a cheery personal hello from Reed–cheery until I revealed I wasn't Larry Summers.  (Note:  The other numbers were swiftly disconnected. And Corzine can't be reached while he faces criminal charges.)
It's not the little cabal of confabs held by Summers and the banksters that's so troubling. The horror is in the purpose of the "end game" itself.
Let me explain:
The year was 1997.  US Treasury Secretary Robert Rubin was pushing hard to de-regulate banks.  That required, first, repeal of the Glass-Steagall Act to dismantle the barrier between commercial banks and investment banks.  It was like replacing bank vaults with roulette wheels.

Second, the banks wanted the right to play a new high-risk game:  "derivatives trading."  JP Morgan alone would soon carry $88 trillion of these pseudo-securities on its books as "assets."

Deputy Treasury Secretary Summers (soon to replace Rubin as Secretary) body-blocked any attempt to control derivatives.

But what was the use of turning US banks into derivatives casinos if money would flee to nations with safer banking laws?

The answer conceived by the Big Bank Five:  eliminate controls on banks in every nation on the planet  in one single move.    It was as brilliant as it was insanely dangerous.

How could they pull off this mad caper?  The bankers' and Summers' game was to use the Financial Services Agreement, an abstruse and benign addendum to the international trade agreements policed by the World Trade Organization.

Until the bankers began their play, the WTO agreements dealt simply with trade in goods–that is, my cars for your bananas.  The new rules ginned-up by Summers and the banks would force all nations to accept trade in "bads" – toxic assets like financial derivatives.

Until the bankers' re-draft of the FSA, each nation controlled and chartered the banks within their own borders.  The new rules of the game would force every nation to open their markets to Citibank, JP Morgan and their derivatives "products."

And all 156 nations in the WTO would have to smash down their own Glass-Steagall divisions between commercial savings banks and the investment banks that gamble with derivatives.

The job of turning the FSA into the bankers' battering ram was given to Geithner, who was named Ambassador to the World Trade Organization.

Bankers Go Bananas
Why in the world would any nation agree to let its banking system be boarded and seized by financial pirates like JP Morgan ?

The answer, in the case of Ecuador, was bananas.   Ecuador was truly a banana republic.  The yellow fruit was that nation's life-and-death source of hard currency.  If it refused to sign the new FSA, Ecuador could feed its bananas to the monkeys and go back into bankruptcy.  Ecuador signed.

And so on–with every single nation bullied into signing.  

Every nation but one, I should say.  Brazil's new President, Inacio Lula da Silva, refused.  In retaliation, Brazil was threatened with a virtual embargo of its products by the European Union's Trade Commissioner, one Peter Mandelson, according to another confidential memo I got my hands on.  But Lula's refusenik stance paid off for Brazil which, alone among Western nations, survived and thrived during the 2007-9 bank crisis.

China signed–but got its pound of flesh in return.  It opened its banking sector a crack in return for access and control of the US auto parts and other markets.  (Swiftly, two million US jobs shifted to China.)

The new FSA pulled the lid off the Pandora's box of worldwide derivatives trade.  Among the notorious transactions legalized: Goldman Sachs (where Treasury Secretary Rubin had been Co-Chairman) worked a secret euro-derivatives swap with Greece which, ultimately, destroyed that nation.  Ecuador, its own banking sector de-regulated and demolished, exploded into riots.  Argentina had to sell off its oil companies (to the Spanish) and water systems (to Enron) while its teachers hunted for food in garbage cans.  Then, Bankers Gone Wild in the Eurozone dove head-first into derivatives pools without knowing how to swim–and the continent is now being sold off in tiny, cheap pieces to Germany.

Of course, it was not just threats that sold the FSA, but temptation as well.  After all, every evil starts with one bite of an apple offered by a snake.  The apple:  The gleaming piles of lucre hidden in the FSA for local elites.  The snake was named Larry.

Does all this evil and pain flow from a single memo?  Of course not:  the evil was The Game itself, as played by the banker clique.  The memo only revealed their game-plan for checkmate.

And the memo reveals a lot about Summers and Obama.

While billions of sorry souls are still hurting from worldwide banker-made disaster, Rubin and Summers didn't do too badly.  Rubin's deregulation of banks had permitted the creation of a financial monstrosity called "Citigroup."  Within weeks of leaving office, Rubin was named director, then Chairman of Citigroup—which went bankrupt while managing to pay Rubin a total of $126 million.

Then Rubin took on another post:  as key campaign benefactor to a young State Senator, Barack Obama.  Only days after his election as President, Obama, at Rubin's insistence, gave Summers the odd post of US "Economics Tsar" and made Geithner his Tsarina (that is, Secretary of Treasury).  In 2010, Summers gave up his royalist robes to return to "consulting" for Citibank and other creatures of bank deregulation whose payments have raised Summers' net worth by $31 million since the "end-game" memo.

That Obama would, at Robert Rubin's demand, now choose Summers to run the Federal Reserve Board means that, unfortunately, we are far from the end of the game.


http://beforeitsnews.com/survival/2013/08/presidential-meeting-signals-catastrophic-event-there-is-a-crisis-unfolding-somewhere-in-the-background-2485572.html


Presidential Meeting Signals Catastrophic Event: “There Is a Crisis Unfolding Somewhere in the Background”

Wednesday, August 21, 2013 11:09
0
If there’s one thing we know about how the US government operates, it’s that the American people are often the last to know about serious problems that may be taking place behind the scenes.
This week, in a move that has spooked a lot of economic and financial analysts, President Barack Obama held a special, closed door meeting with the heads of the U.S. government’s financial, monetary and oversight agencies. It included members of the Federal Reserve, the FDIC, the CFTC, the SEC, and the Federal Housing Finance Agency.
This has left many wondering what is really going on – and if a serious event is about to take place yet again.
I guess I’m always unnerved as a result of what happened in April, the last time the President of the United States had a meeting with all of the bank heads, and two days later the price of gold was smashed for over $200.
Now, the President is meeting with all of the heads of the various agencies, institutions, the Fed, and all of the other key money entities in the United States today.  What’s that all about?
But clearly if the President is having this meeting, there is a crisis unfolding somewhere in the background, and it could very well relate to the dollar, interest rates, and the massive derivatives market associated with interest rates…

This surge in interest rates may have already seriously destabilized the entire financial system, and that’s why there is this meeting taking place in the White House today. The fact is that the vast majority of derivatives in the global financial system are related to interest rates.
Now, the entire financial system may be on the precipice of some sort of catastrophic event unfolding because of what we have already seen in the bond market, and how the derivatives are so heavily intertwined.  Meaning, we may be on the verge of another disastrous derivatives meltdown.
John Embry – King World News via Steve Quayle
Ahead of the 2008 collapse, as the pillars of our financial system were undergoing a controlled detonation, the Chairman of the Federal Reserve assured us the crisis had been contained. Experts and pundits on television were screaming to investors that everything was fine and to keep buying the dips.
Behind the scenes, however, President Bush, the Federal Reserve, and the world’s leading financial institutions were scrambling to figure out how to keep the whole thing from falling apart. As former US Treasury Secretary Hank Paulson noted, we were on the brink of a historic collapse, and they knew it well ahead of time.
The American people were not as fortunate. Most of us came to the realization things had taken a turn for the worse only after 50% of our wealth had been wiped out in a stock market and housing crash.
Today, like before, all of the experts in Washington and the mainstream media are making a point to reassure us that we are in the midst of an economic recovery. However, key economic indicators suggest otherwise. We are seeing a plunge in global shipping, a halt in consumer spending, and perhaps most importantly, a significant rise in interest rates and the US government’s borrowing costs.
Now, as the President meets with a veritable who’s who of government finance, lending and monetary policy one can’t help but think something is amiss.
Are we on the brink of another global disaster?
obama-economy-meet




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